Connect with us
MARE BALTICUM Gaming & TECH Summit 2024

Artificial Intelligence

Global Digital Workplace Market to Surge 4x by 2032, Spurred by Increasing Adoption of Digital Workplace Solutions by SMEs: Fact.MR Study

Published

on

United States, Rockville MD, Aug. 02, 2022 (GLOBE NEWSWIRE) — A recently published study by Fact.MR expects the global digital workplace market to augment at a 22.3% CAGR from 2022 to 2032. By the end of the said assessment period, a valuation of US$ 250.2 Billion is expected for the market.

From 2017 to 2021, the industry experienced noteworthy growth, registering a value CAGR of 12.5% and closing at US$ 27.33 Billion. The concept of digital workplace deals with aligning technologies, employees, and business processes using digital transformation. It enables employees to access their apps and data on any device, from any location. The digital workplace solutions refer to enterprise mobility solutions for users to work across the physical, virtual, and connected environments seamlessly. The main aim behind workplace digitization is to build a user-centric environment.

For Critical Insights on Digital Workplace Market, Request a Sample Report
https://www.factmr.com/connectus/sample?flag=S&rep_id=7572

The main aim behind workplace digitization is to build a user-centric environment. Digital workplace solutions enable employees to choose devices that enhance their working experience, which in turn are expected to fuel the organization productivity.

Additionally, the increasing adoption of Bring Your Own Device (BYOD) and work from home concept among small and medium enterprises as well as large enterprises is one of the major factors responsible for the growth of the digital workplace market during the forecast period. In addition, the organizations are adopting digital workplace solutions to enhance employee experience through a simpler and more flexible work style.

Digital Workplace helps organizations to attract new employees and retain more experienced and expert workers. The service also improves security by providing a complete and comprehensive view of network traffic, which helps in identifying both internal and external threats.

How will the U.S perform in the Global Market for Digital Workplace?

Adoption of Advanced Technologies such as AI and BYOD to boost adoption

As per Fact.MR’s analysis, the U.S is expected to dominate the market in 2022 accounting for a revenue share of 15.2%. The growth of the industry for digital workplace in the US can be attributed to the increasing adoption of emerging technologies such as AI, BYOD, and enterprise mobility management solutions, among others. Several workplace transformation service providers in the country are rapidly incorporating cloud technologies and Artificial Intelligence (AI) into their service offerings.

For instance, in May 2020, IBM launched IBM Talent & Transformation, a business solution that uses AI to help human resources to widen their skills gap. The solution enables business professionals in several areas, such as HR, legal, finance, and marketing to adopt digital technology.

Additionally, due to the country’s high manufacturing, retail, and automotive activity, there is a high demand for software and robotics solutions. This ultimately drives the development of the Digital Workplace Market in the US.

To learn more about Digital Workplace Market, you can get in touch with our Analyst at https://www.factmr.com/connectus/sample?flag=AE&rep_id=7572

Key Segments Covered in the Digital Workplace Industry Survey

  • By Component :
    • Digital Workplace Solutions
    • Digital Workplace Services
  • By Enterprise Size :
    • Small and Medium Enterprises (SMEs)
    • Large Enterprises
  • By End Use :
    • BFSI
    • IT & Telecommunication
    • Retail & Consumer Goods
    • Healthcare & Pharmaceuticals
    • Manufacturing
    • Government
    • Other End Uses (Media & Entertainment, Transportation & Logistics, and Energies & Utilities)
  • By Region :
    • North America
    • Latin America
    • Europe Digital
    • Asia Pacific
    • Middle East & Africa

Competitive Landscape

Penetrating new geographies, collaborating with government agencies or service providers and rebranding initiatives comprise some major strategies adopted by prominent Digital Workplace Service providers. Some prominent market developments are as follows:

  • In December 2021, Trianz, a digital transformation technology and service company announced a partnership with Workgrid Software, an intelligent digital workspace solutions provider, to deliver a modern workplace with a digital assistant that collaborates with enterprise applications and delivers personalized, contextual information, and content to workforces. With the help of this partnership, Trianz would be able to deliver a modern workplace powered by predictive analytics, intelligent automation, and enterprise social platforms, to enable collaborations, productivity, and career orientations.
  • In February 2020, BlackBerry Limited launched BlackBerry Digital Workplace, a secure robust workspace solution, to provide users with simple and secure online and offline access to corporate on-premise or cloud content including Microsoft Office 365 resources.
  • In February 2020, LumApps SAS partnered with Microsoft corporation to develop a fully integrated Office 365 Digital Workplace solution. This partnership helps the LumApps to integrate its solutions with Microsoft tools which accelerates its growth in the digital workplace market.

Get Customization on Digital Workplace Market Report for Specific Research Solutions
https://www.factmr.com/connectus/sample?flag=RC&rep_id=7572

Key players in Digital Workplace Market

  • IBM
  • Accenture plc.
  • HCL Technologies Ltd.
  • Capgemini SE
  • Tata Consultancy Services Limited
  • Fujitsu Ltd.
  • Trianz
  • Mphasis
  • Cognizant Technology Solutions Corp.
  • Atos SE

Key Takeaways from Digital Workplace Market Study

  • Digital workplace market growth to quadruple until 2032
  • By component, digital workplace solutions account for 67.6% revenue by 2022-end
  • SMEs to be primary target group for digital workplace deployment, expected to flourish at a 24.3% CAGR until 2032
  • By 2022-end, digital workplace deployment will likely acquire a value of US$ 33.41 Billion
  • A 22.3% CAGR is projected for the digital workplace industry from 2022-2032
  • Fact.MR foresees the digital workplace market value to reach US$ 250.2 Billion by 2032

About the Technology Division at Fact.MR

Expert analysis, actionable insights, and strategic recommendations of the highly seasoned technology team at Fact.MR helps clients from across the globe with their unique business intelligence needs. With a repertoire of over thousand reports and 1 million-plus data points, the team has analysed the technology industry across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services.

Explore Fact.MR’s Coverage on the Technology Domain-

Cryptocurrency MarketThe global cryptocurrency market is predicted to grow at a robust CAGR of 31.3%. The global cryptocurrency market is estimated to be valued at US$ 46.2 Bn by 2032 from US$ 2.3 Bn in 2021.

Critical Infrastructure Protection MarketThe critical infrastructure protection market has garnered a market value of US$ 137.8 Billion in 2022, anticipated to register a positive CAGR of 4% in the forecast period 2022-2032 and reach a value of US$ 204.2 Billion.

Facility Management MarketThe global facility market was valued at US$ 42.2 Billion in 2021, and is projected to register a Y-o-Y increase of 2.0% in 2022 to be valued at US$ 47.5 Billion. During the 2022-2032 period of assessment, demand is expected to rise at a 12.5% value CAGR, likely to reach US$ 153.7 Billion by the end of the said forecast period.

Digital Audio Workstations (DAWs) Market– The global digital audio workstations (DAWs) market is poised to increase at a steady CAGR of 6%, reaching US$ 1.85 Bn by 2032 from US$ 1.04 Bn in 2022.

Digital Impression System Market– The global digital impression system market is poised to increase at a steady CAGR of 17.5%, reaching US$ 28.9 Bn by 2032, from US$ 5.8 Bn in 2022.

Automatic Number Plate Recognition Market– The global automatic number plate recognition market was valued at US$ 3.1 Billion in 2021, and in 2022 to be valued at US$ 3.5 Billion. During the 2022-2032 period of assessment, demand is expected to rise at an 11.5% value CAGR, likely to reach US$ 10.4 Billion by the end of the said forecast period.

Commercial Drones Market– The global commercial drones industry was valued at US$ 5.2 Billion in 2021, and is scheduled to register a Y-o-Y growth rate of 13.5% in 2022, being valued at US$ 5.9 Billion. From 2022-2032, the industry is projected to flourish at a 9.2% value CAGR, expected to reach a market value of US$ 14.2 Billion.

Digital Experience Platform Market– The digital experience platform market is predicted to grow at an impressive CAGR of 10.2%. It is expected to reach nearly US$ 29.5 Bn by 2032, going up from US$ 9.9 Bn in 2021.

Digital Loyalty Programs Market– The global digital loyalty programs market is poised to increase at a steady CAGR of 8.4%, reaching US$ 98 Bn by 2032 from US$ 40.3 Bn in 2021.

Electronic Design Automation Market– The global electronic design market was valued at US$ 12.5 Billion in 2021 and is likely to reach US$ 13.5 Billion in 2022, experiencing a Y-o-Y expansion of 8%. Across the 2022-2032 forecast period, the market is projected to increase at a 7.8% CAGR, securing US$ 28.6 Billion by the 2032 end.

About Us:
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.

Contact:
Mahendra Singh
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
Email: [email protected]
Tel: +1 (628) 251-1583
Follow Us: LinkedIn | Twitter

GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Artificial Intelligence

HKPC and HP Launch Joint Technology Centre in Hong Kong on Advanced 3D Printing

Published

on

hkpc-and-hp-launch-joint-technology-centre-in-hong-kong-on-advanced-3d-printing

HONG KONG, May 7, 2024 /PRNewswire/ — Hong Kong Productivity Council (HKPC) and HP signed a collaboration agreement (agreement) today to establish the HKPC-HP 3D Printing Technology Centre (Centre) in Hong Kong for application research development on additive manufacturing, also known as 3D printing. The Centre aims to become a pilot transformation base, applying advanced 3D printing technologies to empower various industries, sharpen their competitive edge, and foster the development of high-value strategic industrial chains. It will also accelerate Hong Kong’s pioneering effort in micro-factory and new industrialisation development, offering important references and inspiration worldwide in the pursuit of innovative and sustainable development.

The Centre will be located in the HKPC Building, being the first in Asia to be equipped with both HP’s research version of “Metal Jet” and “Multi Jet Fusion” industrial 3D printers. HP will bring advanced equipment and talent to support the operations of the Centre, and HKPC will contribute expertise in raw material development, process development, and smartification. Market research data estimate that the value of the 3D printing industry will reach US$186.4 billion by 2033, a significant increase from US$27.7 billion in 2023, indicating the immense market potential.
Clean, digitally powered 3D printing generates minimal waste and a minimal carbon footprint. This aligns with global goals of achieving green and sustainable development, while also promoting long-term economic growth through sustainable industries. At the same time, advanced 3D printing provides significant opportunities in strategic industries, such as healthtech, critical components, electronics, and more. In the future, the Centre, with its focus on customisation and precision, can be a game-changer in meeting the demand for hard-to-source parts, complex structures, patient-specific implants, and other tools. This will enable enterprises, especially small and medium enterprises (SMEs), to leverage advanced 3D printing technology and produce high-value, customised goods that can respond to market-specific demands in real-time, offering new levels of flexibility and efficiency that conventional factories are unable to meet.
In the ceremony, Professor Dong SUN, JP, Secretary for Innovation, Technology and Industry, HKSAR Government, said, “3D printing enables the development of more micro-factories in Hong Kong.  Compared to the traditional one, micro-factories require less land and materials, generate higher efficiency but less waste. This best suits Hong Kong’s condition, where land resources are limited and labour costs are relatively high. The establishment of this 3D printing technology centre is undoubtedly a good answer to show how we make use of state-of-the-art technology to promote advanced manufacturing and new industrialisation in Hong Kong. I am confident that Hong Kong’s manufacturing industry will reach new heights, and ‘Made in Hong Kong’ will continue to be a reputable and brilliant international brand. I look forward to more representative technology companies from all around the globe, such as HP to team up with our I&T quangoes, such as HKPC, bringing talents, technologies and machinery to Hong Kong to redefine Hong Kong’s manufacturing industry and drive high-quality economic growth.”  
Hon Sunny TAN, Chairman of HKPC, said, “We’re very pleased to form this research collaboration with HP, underscoring the confidence that global technology firms have in Hong Kong’s strengths in innovation. As an international innovation and technology centre, Hong Kong can be a paragon of the micro-factory city of the future that provides Hong Kong’s answer to develop new productive forces and set a fine example in Asia and across the globe to pursue innovation-driven, sustainable development. Hong Kong’s unique conditions make it particularly suitable for the development of micro-factories. The vibrant ecosystem in Hong Kong, combined with the robust supply chains in the Guangdong-Hong Kong-Macao Greater Bay Area, will provide an excellent pilot transformation base for the development of micro-factories, with significant implications for economies in Asia and worldwide.”
Mr Ramon PASTOR, Global Head of 3D Metals at HP Personalisation & 3D Printing, said, “It’s truly exciting to witness the launch of this collaborative effort between HKPC and HP, which aligns perfectly with our vision of leveraging Additive Manufacturing to drive industrialisation. This initiative not only showcases our dedication to technological advancement but also our shared vision for propelling industry innovation forward. HP believes in the immense potential of Hong Kong’s technology sector. We are also glad to bring in Pro-Technic Machinery Ltd. (Pro-Technic) to provide local support for our collaboration with HKPC.”
The Centre is planned to open in September, serving as a networking hub to promote closer collaboration among academia, research institutions and industries, empowering diverse sectors to grasp market trends. In addition to application development, the Centre will also provide consultancy and training services, driving advancements and propelling the 3D printing industry, as well as other industries utilising 3D printing technologies, forward.
About Hong Kong Productivity Council 
The Hong Kong Productivity Council (HKPC) is a multi-disciplinary organisation established by statute in 1967, to promote productivity excellence through relentless drive of world-class advanced technologies and innovative service offerings to support Hong Kong enterprises. Being a key enabler of Industry 4.0 and Enterprise 4.0, HKPC strives to facilitate new industrialisation in Hong Kong, as well as bolstering Hong Kong to be an international innovation and technology centre and a smart city. The Council offers comprehensive innovative solutions for Hong Kong industries and enterprises, enabling them to achieve resources and productivity utilisation, effectiveness and cost reduction, and enhance competitiveness in both local and overseas marketplace. The Council partners and collaborates with local industries and enterprises and world-class R&D institutes to develop applied technology solutions for value creation. It also benefits a variety of sectors through product innovation, technology transfer, and commercialisation, bringing enormous business opportunities ahead. HKPC’s world-class R&D achievements have been widely recognised over the years, winning an array of local and overseas accolades.   
In addition, HKPC offers SMEs and startups immediate and timely assistance in coping with the ever-changing business environment, and strengthens talent nurturing and Hong Kong’s competitiveness with FutureSkills training for enterprises and academia to enhance digital capabilities and TechEd competencies.
For more information, please visit HKPC’s website: www.hkpc.org/en.  
About HP
HP Inc. (NYSE: HPQ) is a global technology leader and creator of solutions that enable people to bring their ideas to life and connect to the things that matter most. Operating in more than 170 countries, HP delivers a wide range of innovative and sustainable devices, services and subscriptions for personal computing, printing, 3D printing, hybrid work, gaming, and more. For more information, please visit: http://www.hp.com.
Photo – https://mma.prnewswire.com/media/2406486/Photo_HKPC_and_HP_Launch_Joint_Technology_Centre_in_Hong_Kong_on_Advanced_3D_Printing.jpg

View original content:https://www.prnewswire.co.uk/news-releases/hkpc-and-hp-launch-joint-technology-centre-in-hong-kong-on-advanced-3d-printing-302138081.html

Continue Reading

Artificial Intelligence

ShipFlex from Locus Expands Global Carrier Network to Over 160 Carriers, Enhancing Multi-Carrier Parcel Management Capabilities

Published

on

shipflex-from-locus-expands-global-carrier-network-to-over-160-carriers,-enhancing-multi-carrier-parcel-management-capabilities

SAN FRANCISCO, May 7, 2024 /PRNewswire/ — Locus.sh, a global AI-powered integrated logistics management SaaS company, announced its global carrier network for ShipFlex (its innovative multi-carrier parcel management solution) now has over 160 carriers. This significant expansion reflects ShipFlex’s continued commitment to redefining flexibility and efficiency in logistics for shippers globally.

“By efficiently broadening our carrier network globally, ShipFlex stands out as a marketing-leading offering that has the agility to cater to shippers’ fulfillment needs across diverse geographies, industries, fulfillment models, and fleet types, among other variables crucial to shippers,” said Nishith Rastogi, Founder and CEO of Locus.
For retail, manufacturing, and consumer packaged goods (CPG) companies that outsource their deliveries, ShipFlex stands out as a powerful ally as it optimizes fulfilmment operations across captive, contracted, outsourced and even hybrid fleets. “These sectors prize end-to-end optimization of operations and costs to deliver exemplary customer experiences. By automating decision-making around selecting third-party delivery providers, ShipFlex empowers shippers to meet both current and future demands efficiently across diverse fleet types used by these industries,” added Rastogi.
ShipFlex automates multi-carrier deliveries tailored to specific business constraints regarding cost, speed, and efficiency. The platform simplifies the logistics of sourcing additional capacity and assigning shipments, all from a single dashboard.
The solution enhances dispatch flexibility with its capacity to integrate various carriers easily. It provides end-to-end visibility of the order journey, including real-time status updates and customer notifications, ensuring a top-notch post-purchase experience and minimizing delivery re-attempts.
About Locus
Locus’ order-to-delivery AI-powered dispatch and transport management software helps enterprises transform their logistics from cost centers to revenue generators through advanced optimization algorithms and intuitive workflow automation. Backed by GIC Singapore, Tiger Global, and Qualcomm Ventures, it has helped 200+ global customers across industries – Unilever, Nestle, BlueDart-DHL, etc. – execute over 1 billion deliveries across USA, Southeast Asia, the Middle East, and the Indian subcontinent.
www.locus.sh 
Photo: https://mma.prnewswire.com/media/2405170/ShipFlex.jpg Logo : https://mma.prnewswire.com/media/1832388/Locus_Logo.jpg
 

View original content:https://www.prnewswire.co.uk/news-releases/shipflex-from-locus-expands-global-carrier-network-to-over-160-carriers-enhancing-multi-carrier-parcel-management-capabilities-302136663.html

Continue Reading

Artificial Intelligence

Metacon and Siemens enter into collaboration for the manufacture of systems for green hydrogen production

Published

on

metacon-and-siemens-enter-into-collaboration-for-the-manufacture-of-systems-for-green-hydrogen-production

STOCKHOLM, May 7, 2024 /PRNewswire/ — Metacon AB (publ) and Siemens AB have signed a Memorandum of Understanding to enter into a partnership with the aim of accelerating the manufacturing of hydrogen production systems in Sweden, for the European market.

At the beginning of the year, Metacon announced that the company has been granted exclusive rights for the manufacture of complete electrolysis plants based on the partner PERIC’s world-leading technology for pressurized alkaline electrolysis modules (stacks). One of the key components of PERIC’s alkaline technology is efficient and proven 5 MW modules with over 10 years of operating data. Metacon also has access to the 10 MW module that PERIC recently launched and which today, in terms of power and production, is one of the world’s largest. The rights apply to most European countries and mean that Metacon can start from a proven technology that has been developed and refined for over 60 years, and make the adaptations required to match the requirements for safety and automation found in European standards for hydrogen production. With the exclusive right, Metacon now aims to become one of the market leaders in Europe for this type of large-scale hydrogen plants.
The joint MoU means that Siemens will become a technology partner to Metacon to contribute with its solid experience in delivering products, solutions and services in automation, power distribution, electrification, instrumentation, building technology and drives. Siemens will also be able to contribute with its wide range of digital services and software for optimisation, standardisation and simulation during both the manufacturing and operational phases of hydrogen plants.
“Hydrogen is an important piece of the puzzle in the industrial, energy and transport sectors to become CO2 neutral, and is the focus of Siemens’ global investment in Power-to-X. The partnership with Metacon marks a milestone in our quest to create a more sustainable world by, among other things, developing innovative solutions for the energy sector,” says Mikael Kraft, Head of Factory Automation and Sales at Siemens Digital Industries.
“Metacon has big plans for the investment in the manufacture and sale of large-scale electrolysis plants to, among others, the basic industry, the wind power sector and the transport sector in Europe. I have a hard time imagining a better partner on such a journey than Siemens. With its world-leading portfolio of technology, expertise and long-standing experience of similar projects, this partnership gives us the opportunity to both accelerate and optimize central parts of our unique Gigafactory project,” says Christer Wikner, CEO and President, Metacon.
For further information, please contact Christer Wikner, by phone 0707-647389 or e-mail [email protected]
About Metacon
Metacon AB (publ) develops and manufactures energy systems for the production of fossil-free “green” hydrogen. The products in the Reforming business area are based, among other things, on a patented technology that generates hydrogen through so-called catalytic steam reforming of biogas or other hydrocarbons. The development of Metacon’s reforming products is done within the wholly owned subsidiary Metacon S.A in Patras, Greece. The business is focused on catalytic process chemistry and advanced reformers for high-efficiency hydrogen production.
Metacon also offers complete electrolysis plants and integrated refueling stations for green hydrogen, a large and globally growing area for the production of green hydrogen. Electrolysis is a process of driving a chemical reaction to split water by adding electricity. If the electricity used is non-fossil, the hydrogen will also be fossil-free and climate-neutral. Green hydrogen can be used in sectors such as transport, basic industry and the real estate sector, with a better environment and climate as a result. www.metacon.com
About Siemens
Siemens AG (Berlin and Munich) is a technology company with a focus on industry, infrastructure, transport and healthcare. From more resource-efficient factories, resilient supply chains, and smarter buildings and grids, to cleaner and more convenient transportation and advanced healthcare, the company is developing technologies to create real value for customers and users. By combining the real and digital worlds, Siemens empowers its customers to transform their businesses and markets, helping them transform the lives of billions of people. Siemens owns a majority stake in the listed company Siemens Healthineers, a global leading medical device provider that is shaping the future of healthcare.
In the 2023 financial year ended September 30, 2023, the Siemens Group generated revenues of €77.8 billion and net profit of €8.5 billion. As of September 30, 2023, the company had approximately 320,000 employees worldwide. During the same period, Siemens in Sweden generated revenues of SEK 6.9 billion and employed approximately 1,500 people. For more information, see www.siemens.com and www.siemens.se. 
For more information see:www.metacon.com | X: @Metaconab | LinkedIn: www.linkedin.com/company/metaconab
This information was brought to you by Cision http://news.cision.com
https://news.cision.com/metacon-ab/r/metacon-and-siemens-enter-into-collaboration-for-the-manufacture-of-systems-for-green-hydrogen-produ,c3974861
The following files are available for download:
https://mb.cision.com/Main/17030/3974861/2782927.pdf
PM Metacon Siemens en
 

View original content:https://www.prnewswire.co.uk/news-releases/metacon-and-siemens-enter-into-collaboration-for-the-manufacture-of-systems-for-green-hydrogen-production-302138039.html

Continue Reading

Trending