Connect with us
MARE BALTICUM Gaming & TECH Summit 2024

Artificial Intelligence

Global Subscription E-commerce Market Report 2023: Market to Grow by $2,323.08 Billion from 2022 to 2028

Published

on

<!– Name:DistributionId Value:8738692 –> <!– Name:EnableQuoteCarouselOnPnr Value:False –> <!– Name:IcbCode Value:2790 –> <!– Name:CustomerId Value:1026737 –> <!– Name:HasMediaSnippet Value:false –> <!– Name:AnalyticsTrackingId Value:ec773991-009a-4686-95cb-dd3f060102f0 –>

Dublin, Jan. 30, 2023 (GLOBE NEWSWIRE) — The “Global Subscription E-commerce Market: Analysis By Application Type, By End User, By Mode of Payment, By Region Size and Trends with Impact of COVID-19 and Forecast up to 2028” report has been added to ResearchAndMarkets.com’s offering.

The global subscription e-commerce market was valued at US$96.61 billion in 2022. The market value is forecasted to grow to US$2419.69 billion by 2028. The market is anticipated to grow at a CAGR of approx. 71% during the forecasted period of 2023-2028.

Subscription e-commerce is a way of purchasing goods and services online in which customers can sign up for subscriptions to receive the products or services on a recurring basis. Customers who opt for subscriptions receive their products through monthly or weekly boxes, known as subscription boxes. Customers can subscribe to certain products with the seller which are required by them cyclically.

The factors such as growing use of subscriptions among millennials, rapid urbanization, rising popularity of online streaming services, increasing internet penetration and growing use of mobile devices, are expected to drive the overall market growth in the forecasted period.

Market Segmentation Analysis:

Entertainment subscription e-commerce market is the fastest growing segment of global subscription e-commerce market owing to rising penetration of internet, wide variety of exclusive content available in different languages, increased convenience of accessing these services from any device and cost effectiveness in terms of lower price charged as compared to TV cables.

Women subscription e-commerce market is both the largest and fastest growing segment of global subscription e-commerce market owing to rising number of working women, increasing presence of startups which are offering numerous feminine products and cosmetics, increasing penetration of social media trends and expanding e-commerce sector.

Online payment subscription e-commerce market is both the largest and fastest growing segment of global subscription e-commerce market owing to digitalization, increasing trend of online shopping, many digital subscription services complying to online payments, increasing government initiatives to promote cashless economy and rising scope of payment wallets among younger generation.

North America subscription e-commerce market holds the largest share in global subscription e-commerce market owing to expanding e-commerce industry, growing influence of social media platforms & celebrity endorsements on consumer lifestyles, rapid digitalization of businesses and rising adoption of cloud solutions contributing significantly to the expansion of digital commerce in the region.

Whereas, Asia Pacific subscription e-commerce market is the fastest growing region of global subscription e-commerce market owing to large consumer base, rapid urbanization, increasing penetration of internet, massive sales volumes and thriving social and mobile commerce ecosystem along with continuous launch of innovative subscription boxes by leading brands.

The Asia-Pacific subscription e-commerce market is divided into five regions on the basis of geographical operations, namely, China, Japan, India, South Korea and rest of Asia Pacific where China subscription e-commerce market holds the largest share of Asia Pacific subscription e-commerce market.

Impact Analysis of COVID-19 and Way Forward:

COVID-19 brought in many changes in the world in terms of reduced productivity, loss of life, business closures, closing down of factories and organizations, and shift to an online mode of work.

Lockdown policies, imposed by the government to prevent the spread of virus led to the closure of local retail shops, malls and supermarkets, incentivizing consumers to shift towards online shopping and use of e-commerce websites for the purchase of essential items, increasing the demand for e-commerce services and boosting the growth of subscription e-commerce market.

As a result of rising awareness about online shopping and a positive shift in people’s attitude towards the use of subscription services, which were able to offer predictability and convenience in terms of availability and home delivery of essential items, the subscription e-commerce market would grow substantially. Therefore, the global impact of COVID-19 on subscription e-commerce market turned out to be positive.

Competitive Landscape:

The market for subscription e-commerce has been moderately fragmented due to the presence of large number of e-commerce platforms that operate in e-commerce subscription market.

Strategic partnerships and collaborations are the key strategies followed by the companies operating in the subscription e-commerce market as these collaborations enable companies to extend their market share and gain a competitive edge in the market.

For instance, on December 15, 2022, Netflix, Inc. announced that the company teamed up with boAt to launch a first-of-its-kind ‘Stream Edition’ audio range in India. The product range would feature True Wireless Earbuds (TWS), Headphones (On-Ear), and a Wireless Neckband. With the noise cancelling feature, the limited-edition audio range would enable users to enjoy watching Netflix in an enhanced way, by blocking out the sounds that the user don’t want to hear and focusing on those that the user do.

Market Dynamics:

Growth Drivers: The global subscription e-commerce market has been growing over the past few years, due to factors such as growing use of subscriptions among millennials, rapid urbanization, rising popularity of online streaming services, increasing internet penetration, growing usage of mobile devices, rising purchasing power, low cost of subscription boxes, etc.

The preferences of the people, especially young generation, are shifting from traditional TV to online media because of the access to unlimited content provided to the users at a reasonable price. Moreover, online streaming services give the users the flexibility and convenience of watching a large number of TV shows, movies, news, sports, etc. from any device at any point of time.

With rising disposable incomes, people are becoming more willing to pay for such subscription services in return for unlimited access to online media, creating a positive demand for subscription e-commerce services, boosting the growth of global subscription e-commerce market.

Challenges: However, the market growth would be negatively impacted by various challenges such as e-commerce fraud, low adoption of subscription boxes in developing countries, etc. The use of subscription-based services are prevalent in the developed regions of the world, such as the US, but the adoption of subscription boxes in developing countries is still quite low. A major portion of the population in developing countries have lower disposable income as compared to developed nations, making it difficult for the people to sign up for subscription boxes in these countries.

Trends: The market is projected to grow at a fast pace during the forecasted period, due to various latest trends such as rising use of social media in marketing, increasing adoption of subscription among men, busy and hectic lifestyles, etc. Majority of the customers purchasing goods online are influenced by the feedbacks given by other users on several social media platforms.

Their decisions are also impacted by social media influencers and the reviews given by famous personalities about a particular product or service. Social media helps the companies in online marketing, thereby enabling them to establish a strong web presence.

The rapidly growing use of social networking platforms by the people would provide a huge opportunity to the players in the subscription e-commerce industry to advertise about the subscription services provided by them, boosting the growth of global subscription e-commerce market in the upcoming years.

Key Metrics

Report Attribute Details
No. of Pages 155
Forecast Period 2023 – 2028
Estimated Market Value (USD) in 2023 $165.64 Billion
Forecasted Market Value (USD) by 2028 $2419.69 Billion
Compound Annual Growth Rate 71.0%
Regions Covered Global

Market Dynamics

Growth Drivers

  • Growing Use of Subscriptions among Millennials
  • Rapid Urbanization
  • Rising Popularity of Online Streaming Services
  • Increasing Internet Penetration
  • Growing Usage of Mobile Devices
  • Rising Purchasing Power
  • Low Cost of Subscription Boxes

Challenges

  • E-commerce Fraud
  • Low Adoption of Subscription Boxes in Developing Countries

Market Trends

  • Rising Use of Social Media in Marketing
  • Increasing Integration of Artificial Intelligence (AI)
  • Increasing Adoption of Subscription among Men
  • Curation-based and Membership Subscription Models
  • Busy and Hectic Lifestyles

Competitive Landscape

  • Global Subscription E-commerce Market Players by Total Number of Online Visits
  • Global Subscription E-commerce Market Players by Subscription Model

The key players of subscription e-commerce market are:

  • Amazon.com, Inc.
  • Unilever PLC (Dollar Shave Club)
  • Blue Apron Holdings, Inc.
  • Beauty For All Industries (IPSY)
  • HelloFresh SE
  • Netflix, Inc.
  • The Walt Disney Company
  • Femtec Health, Inc. (Birchbox, Inc.)
  • Peloton Interactive, Inc.
  • Stitch Fix, Inc.
  • Loot Crate, Inc.
  • FabFitFun, Inc.

For more information about this report visit https://www.researchandmarkets.com/r/a5jfs1

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Attachment


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

Southeast Asia Data Center Construction Market Investment to Reach $5.29 Billion by 2029 – Exclusive Research Report by Arizton

Published

on

southeast-asia-data-center-construction-market-investment-to-reach-$5.29-billion-by-2029-–-exclusive-research-report-by-arizton

CHICAGO, May 15, 2024 /PRNewswire/ — According to Arizton’s latest research report, the Southeast Asia data center construction market is growing at a CAGR of 11.69% during 2023-2029.

To Know More, Click: https://www.arizton.com/market-reports/southeast-asia-data-center-construction-market
Browse in-depth TOC on the Southeast Asia Data Center Construction Market 
 36 – Tables          116 – Figures          352 – Pages      
Southeast Asia Data Center Construction Market Report Scope
Report Attributes
Details
Market Size – Investment (2029)
USD 5.29 Billion
Market Size – Investment (2023)
USD 2.80 Billion
CAGR – Investment (2023-2029)
11.18 %
Market Size – Area (2029)
3,079 Thousand Square Feet
Power Capacity (2029)
578 MW
Historic Year
2020-2022
Base Year
2023
Forecast Year
2024-2029
Regional Analysis
Southeast Asia (Singapore, Indonesia, Malaysia, Thailand, Philippines, Vietnam, and Other Southeast Asia Countries)
The Southeast Asia data center construction market is one of the fastest-developing markets globally, driven by the increase in cloud adoption, the advent of 5G services, and the adoption of AI, Big data, and IoT technology. Singapore, Malaysia, Indonesia, and Thailand have robust connectivity and are among the most connected countries in Southeast Asia. Singapore is the gateway and an integral interconnection point to several APAC countries, including Japan, South Korea, Vietnam, and Pakistan. The adoption of cloud-based services will likely be a significant driver of the data center market over the next few years.
Moreover, Singapore boasts the largest existing capacity in the region, and countries such as Malaysia, Indonesia, and the Philippines are outpacing it in terms of new investments, collectively capturing over 50% of the market share for new investments. This trend can be attributed to several factors, including lower energy costs, increased renewable energy sources, and inexpensive labor and land availability. These factors are influencing companies’ decisions to invest in these emerging markets.
Watch Out for How Advancing in Adoption of AI Boosting the Market Growth
In June 2023, Run ai, a company that manages computing resources for AI tasks, announced a strategic partnership with AI Singapore. AI Singapore, a national R&D initiative led by the National Research Foundation, Singapore, aims to establish strong AI capabilities in the country. This collaboration aims to provide scalable infrastructure solutions for various AI projects and assist AI Singapore in its mission to expedite AI adoption across industries.AI Singapore, as the country’s AI initiative, holds a pivotal position in aiding organizations in adopting AI solutions. It has made significant strides through its notable 100 Experiments Programme (100E) and the acclaimed AI Apprenticeship Programme (AIAP). Collaborating with over 60 companies, they’ve trained over 200 Singaporean AI engineers to create, assess, and implement numerous AI models that tackle real-world challenges.While AI investments primarily focus on Singapore, nine out of the top 10 deals involved start-ups based in Singapore that cater to various businesses and use cases throughout the region. For instance, Biofourmis, a health analytics platform analyzing physiological data from clinical-grade wearables, operates in both Singapore and Indonesia. Similarly, Tookitaki, a sophisticated decision-support system for compliance programs in the financial services sector, extends its operations across the six major Southeast Asian countries.The Southeast Asia Colocation Data Center Market by Investment to Reach $4 Billion by 2029
In Southeast Asia, colocation investments in Singapore declined significantly over the last few years owing to the lack of space for new builds. This has led to the spill over demand toward Indonesia and Malaysia. The upcoming capacity of under-construction announced and planned data center campuses across these two countries will overtake Singapore’s existing colocation capacity. In the same year, BDx Indonesia, Chindata Group, EdgeConneX, Equinix, Keppel Data Centres, GDS Services, Princeton Digital Group, and others invested in developing colocation data center facilities in the region.
The Southeast Asia Data Center Construction Market Report Encompasses Crucial Data, Including:            CAGR (Compound Annual Growth Rate) during the forecast period: This metric provides insights into the annual growth rate of the Southeast Asia data center construction market over the specified time frame.            Detailed information on growth drivers: The report offers in-depth information on the factors that will propel the Southeast Asia data center construction market growth from 2023 to 2029. This includes an analysis of various market influences.            Precise estimation of market size: Accurate assessments of the Southeast Asia data center construction market size and its contribution and focusing on key market segments.            Predictions about upcoming trends and changes in consumer behavior: The report offers insights into anticipated trends and shifts in consumer behavior that are likely to impact the Southeast Asia data center construction market helping businesses prepare for future market dynamics.            Geographical market growth: The report covers the development of the data center construction market across Southeast Asia.Competitive landscape analysis: A thorough examination of the market’s competitive landscape is presented, including detailed information about companies operating in the Southeast Asia data center construction market. This includes an overview of key players, their market share, strategies, and key developments.            Analysis of growth challenges: The report includes a comprehensive analysis of factors that may pose challenges to the growth of companies in the Southeast Asia data center construction market, providing a well-rounded view of the market dynamics.     
Buy this Research @ https://www.arizton.com/market-reports/southeast-asia-data-center-construction-market
Post-Purchase Benefit                          
1hr of free analyst discussion10% off on customizationThe Report Includes the Investment in the Following Areas: 
Facility Type
Colocation Data CentersHyperscale Data CentersEnterprise Data CentersInfrastructure
Electrical InfrastructureMechanical InfrastructureGeneral ConstructionElectrical Infrastructure
UPS SystemsGeneratorsTransfer Switches & SwitchgearPDUsOther Electrical InfrastructureMechanical Infrastructure
Cooling SystemsRacksOther Mechanical InfrastructureCooling Systems
CRAC & CRAH UnitsChiller UnitsCooling Towers, Condensers & Dry CoolersOther Cooling UnitsCooling Techniques
Air-based CoolingLiquid-based CoolingGeneral Construction
Core & Shell DevelopmentInstallation & Commissioning ServicesEngineering & Building DesignFire Detection & SuppressionPhysical SecurityDCIM/BMS SolutionsTier Standard
Tier I & IITier IIITier IVGeography
Southeast Asia
SingaporeIndonesiaMalaysiaThailandPhilippinesVietnamOther Southeast Asia CountriesVendors
Key Construction Contractors
ArupAurecon GroupCSF GroupDSCO GroupGammon ConstructionNTT FacilitiesPM GroupStudio One DesignOther Prominent Construction Contractors
AtkinsRéalisAWP ArchitectsCorganDPR ConstructionFirst BalfourFortis ConstructionISGKienta Engineering ConstructionLinesightLSK EngineeringM+W GroupNakano CorporationObayashi CorporationPowerware SystemsSato KogyoRed EngineeringProminent Support Infrastructure Vendors
ABBCaterpillarCisco SystemsCumminsDell TechnologiesEatonRittalSchneider ElectricSTULZVertivOther Prominent Support Infrastructure Vendors
AiredaleAlfa LavalCanovateCyber Power SystemsDelta ElectronicsEAEFuji ElectricFujitsuGreen Revolution CoolingHewlett Packard EnterpriseHITEC Power ProtectionHuawei TechnologiesKOHLER PowerLegrandLenovoMitsubishi ElectricNaradaNortek Air SolutionsPiller Power SystemsRolls-RoyceShenzhen Envicool TechnologySiemensSocomecTraneProminent Data Center Investors
Amazon Web ServicesChindata Group (Bridge Data Centres)DCI IndonesiaDigital RealtyePLDTEquinixGDS ServicesKeppel Data CentresNTT DATAST Telemedia Global Data CentresTelkom IndonesiaVADS (Telekom Malaysia)Viettel IDCOther Prominent Data Center Investors
AirTrunkBeeinfotechBig Data Exchange (BDx)Converge ICT SolutionsDigital Edge DCMeta (Facebook)FPT TelecomGoogleMettaDCMicrosoftOneAsia NetworkOpen DCPrinceton Digital GroupSingtelVantage Data CentersNew Entrants
CtrlS DatacentersDigital HaloEdgeConneXEvolution Data CentresFlow Digital InfrastructureFutureData (Cyclect Group + TSG Group)Gaw CapitalI-BerhadInfinaxis Data CentreInfracrowd CapitalK2 Data CentresMinoro Energi IndonesiaNautilus Data TechnologiesPure Data Centres GroupYCO CloudYTL Data CenterYondrKey Questions Answered in the Report:
How big is the Southeast Asia data center construction market?What is the estimated market size in terms of area in the Southeast Asia data center construction market by 2029?What is the growth rate of the Southeast Asia data center construction market?What are the key trends in the Southeast Asia data center construction market?How many MW of power capacity is expected to reach the Southeast Asia data center construction market by 2029?
Get Detailed TOC @ https://www.arizton.com/market-reports/southeast-asia-data-center-construction-market
Check Out Some of the Top Selling Research Reports:
U.S. Data Center Construction Market – Industry Outlook & Forecast 2024-2029
https://www.arizton.com/market-reports/united-states-data-center-construction-market-2024
Latin America Data Center Construction Market – Industry Outlook & Forecast 2024-2029
https://www.arizton.com/market-reports/latin-america-data-center-construction-market-size-and-analysis-2024
Southeast Asia Data Center Market Landscape 2023-2028
https://www.arizton.com/market-reports/southeast-asia-data-center-market
Why Arizton?                  
100% Customer Satisfaction                  24×7 availability – we are always there when you need us                  200+ Fortune 500 Companies trust Arizton’s report                  80% of our reports are exclusive and first in the industry                  100% more data and analysis                  1500+ reports published till date                   
About Us:                                                       
Arizton Advisory and Intelligence is an innovative and quality-driven firm that offers cutting-edge research solutions to clients worldwide. We excel in providing comprehensive market intelligence reports and advisory and consulting services.                                                     
We offer comprehensive market research reports on consumer goods & retail technology, automotive and mobility, smart tech, healthcare, life sciences, industrial machinery, chemicals, materials, I.T. and media, logistics, and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.                                                      
Arizton comprises a team of exuberant and well-experienced analysts who have mastered generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.                                                            
Contact Us                                                    
Call: +1-312-235-2040                                                             +1 302 469 0707                                                  Mail: [email protected]                                                    Contact Us: https://www.arizton.com/contact-us                                                    Blog: https://www.arizton.com/blog                                                    Website: https://www.arizton.com/
Photo: https://mma.prnewswire.com/media/2413471/Aritzon_Data_Center_Infographic.jpgLogo: https://mma.prnewswire.com/media/818553/Arizton_Logo.jpg
 

View original content:https://www.prnewswire.co.uk/news-releases/southeast-asia-data-center-construction-market-investment-to-reach-5-29-billion-by-2029–exclusive-research-report-by-arizton-302146261.html

Continue Reading

Artificial Intelligence

Doceree Launches HIEP to Unveil the Untapped Potential of Healthcare Digital Platforms

Published

on

doceree-launches-hiep-to-unveil-the-untapped-potential-of-healthcare-digital-platforms

LONDON, May 15, 2024 /PRNewswire/ — Doceree, the leading global healthcare marketing platform building unprecedented programmatic solutions for HCP marketing, today announced the launch of its highly anticipated HIEP (High Interaction & Engagement Platforms) UK and Europe edition. Presented in collaboration with WPP’s healthcare specialist agency CMI Media Group, the groundbreaking report profiles endemic, point-of-care, and physician networking platforms in a digital engagement context, shedding light on their potential to power interactions and drive communications in the healthcare industry.

In the current landscape, the healthcare sector exhibits preference for an omnichannel marketing approach that effectively combines digital and traditional channels. This shift underscores the critical importance for pharmaceutical marketers to excel in digital strategies. Yet, challenges persist within the pharmaceutical and life sciences industries regarding the optimal selection of digital platforms to engage healthcare professionals (HCPs), as marketers often lack a comprehensive understanding of the available digital tools to formulate precise strategies for digital budget allocation.
To bridge this knowledge gap, and empower marketers with better engagement and decision-making, Doceree introduced HIEP as a medium that could help brands forge neatly choreographed digital strategies, thereby bringing efficiency to operations at scale and improve business outcomes. The report focuses on how the digital medium can be harnessed to create a win-win situation for all the stakeholders—marketers, in terms of efficiency; publishers, in terms of revenue; HCPs, for knowledge exchange and for better treatment outcomes.
Commenting on the report launch, Harshit Jain MD, Founder & Global CEO, Doceree, said, ” We are thrilled to introduce the HIEP report (UK/EU edition) as it marks a significant step forward in advancing healthcare marketing strategies in the UK and Europe and leveraging the power of digital platforms to engage HCPs effectively in the region. What’s particularly exciting is how marketers can effortlessly map and track HCPs’ digital interactions and engagement, and fine-tune omnichannel marketing campaigns, to ultimately amplifying impact and generate superior returns on investment with HIEP. We anticipate that this report will greatly benefit our pharmaceutical and agency partners in the UK & Europe region, and we are eager to replicate this success in other regions throughout the year”. 
Commenting on the initiative, Joe Warren, EVP, Growth, CMI Media Group, said, “Collaborating with Doceree on the HIEP initiative allows us to shed light on the global impact marketers can make in healthcare. This partnership reaffirms our commitment to enhancing healthcare outcomes in the region and underscores the importance of understanding channels and partners for crafting superior omnichannel strategies. Together, we aim to drive awareness and empower marketers with the insights they need to make a meaningful impact in healthcare marketing.”
Key highlights of the HIEP report include:
In-depth analysis of endemic, point-of-care, and physician networking platformsCase studies showcasing successful integration of digital platforms in healthcare marketingRecommendations for optimizing omnichannel marketing campaigns and maximizing ROIThe report by Doceree has been meticulously crafted in collaboration with research partner Brand Innerworld and is proudly presented in association with CMI Media Group, a distinguished global media agency recognized for its significant contributions to the healthcare sector.
For more information about Doceree and the HIEP report, visit https://doceree.com/in/reports/hiep/
About Doceree: 
Doceree is a leading global platform dedicated to revolutionizing HCP programmatic messaging with cutting-edge, proprietary data tools. By fostering direct messaging between life sciences brands and HCPs, Doceree enables the delivery of personalized communications through an extensive global network of digital endemic and point-of-care platforms. The result is transparent marketing campaign metrics and personalized messaging at scale. To explore how Doceree can transform your healthcare communication. Learn more at www.doceree.com. 
About CMI Media Group:
CMI Media Group, a WPP company (NYSE: WPP, http://www.wpp.com), is a full-service media agency focused solely on health, wellness, and pharmaceutical marketing. CMI Media Group’s core offerings include Audience Strategy, Planning, Development, and Insights; Data and Analytics; Buying and Investment; and Direct Response and Customer Experience. As the leading media resource for the world’s top healthcare companies, CMI Media Group brings together leading technology, data, and talent to deliver seamless capabilities for clients. CMI Media Group has been recognized as a leader in DE&I, talent retention and employee development as well as one of the industry’s best places to work. Visit https://cmimediagroup.com/.
About Brand Innerworld:
Brand Innerworld is a leading healthcare brand consultancy and insight mining firm providing specialized solutions with the help of AI technology. The consultancy is dedicated to transforming healthcare brands into market leaders. With meticulous primary and secondary research, the firm captures deep insights into the experiences of healthcare professionals and patients. Specializing in blending these insights with marketing and media acumen, Brand Innerworld equips healthcare brands with actionable strategies that enhance patient outcomes and brand growth. Serving multinational healthcare corporations, medical device companies, and tech platforms, Brand Innerworld is recognized for its innovative approach to medical marketing. Learn more about Brand Innerworld at https://brandinnerworld.com 
Photo – https://mma.prnewswire.com/media/2413865/Doceree_HIEP_Report.jpgLogo – https://mma.prnewswire.com/media/1758952/Doceree_Logo.jpg
 
 

View original content:https://www.prnewswire.co.uk/news-releases/doceree-launches-hiep-to-unveil-the-untapped-potential-of-healthcare-digital-platforms-302146584.html

Continue Reading

Artificial Intelligence

Trianz Appoints Ravishankar Savita as Head of Data & Analytics Practice, Reaffirming Commitment to Data-Driven Transformation Excellence

Published

on

trianz-appoints-ravishankar-savita-as-head-of-data-&-analytics-practice,-reaffirming-commitment-to-data-driven-transformation-excellence

SANTA CLARA, Calif., May 15, 2024 /PRNewswire/ — Digital transformation technology & services company Trianz is pleased to announce the appointment of Ravishankar Savita as the Head of Data & Analytics Practice. With over two decades of experience in technology transformation and system engineering, Ravishankar brings a wealth of strategic leadership and expertise in architecting and leading large scale digital transformation to Trianz.

Ravishankar’s appointment marks a pivotal moment for Trianz as it reaffirms its commitment to redefine the digital landscape through an “IP Led” model, leveraging its cutting-edge hyper-automated platforms, including Concierto.Cloud, Extrica.AI, and Pulse. Ravishankar’s demonstrated success in scaling practices, cultivating innovation ecosystems, and fostering strategic partnerships position him as a key asset in spearheading the Data & Analytics Practice.
“We are thrilled to welcome Ravishankar Savita to Trianz as our new Head of Data & Analytics Practice,” said Seshi Vanguru, Chief Revenue Officer at Trianz. “His strategic acumen, strong analytical skills, and exceptional ability to cultivate meaningful relationships will play a pivotal role in driving tangible business outcomes and fostering sustainable growth within our Data & Analytics Practice. As we continue to innovate and deliver transformative solutions to our clients, Ravishankar’s leadership will undoubtedly strengthen our commitment to driving value and excellence in the data-driven era.”
Ravishankar’s distinguished career includes senior leadership roles at renowned organizations such as Virtusa, Agilent Technologies, and NXP Semiconductors, where he incubated and scaled high performing offerings, platforms, and teams to drive business value in Data & Analytics, AI, API Integration, Microservices, SDLC Automation, Middleware Solutions, Application Modernization, and Generative AI.
“I am excited to join Trianz and lead the Data & Analytics Practice during this transformative era of digital evolution,” said Ravishankar. “I look forward to collaborating with the exceptional team at Trianz to deliver innovative solutions that not only meet but exceed our clients’ expectations. By leveraging cutting-edge, IP-led solutions, we’ll not only redefine the industry standards but also solidify our reputation as the go-to partner for forward-thinking organizations seeking to unlock the full potential of their data assets.”
Based in New Jersey, US, Ravishankar will leverage his expertise to accelerate Trianz’s growth trajectory in the data-driven landscape. Join us in extending a warm welcome to Ravishankar as we set out on this exciting journey to drive digital innovation and empower businesses to thrive in the data-driven era.
About TrianzTrianz is a leading-edge technology platforms and services company that accelerates digital transformations at Fortune 100 and emerging companies worldwide in data & analytics, digital experiences, cloud infrastructure, and security. Our “IP Led Transformations” approach, informed by insights from a recent global study spanning 20+ industries and 5000+ companies, addresses challenges posed by the rapid pace of AI-driven transformation, digital talent scarcity, and economic uncertainty. Our IP and platforms, including Concierto, Extrica, and Pulse, revolutionize cloud adoption, data analytics, and AI insights, empowering organizations to navigate the complexities of digital transformation seamlessly.
Founded in California and with an organization of over 2,000 associates across the United States and India, Trianz is a Premier Partner of AWS, consistently rated #1 by clients for value delivery over the past five years. Trianz has been ranked as one of the best Consulting Firms by Forbes and has been certified as a Great Place to Work for three years in a row. To learn more about Trianz, email [email protected] or visit www.trianz.com.
Watch Trianz CEO Sri Manchala’s insightful interview with Bloomberg on Partner | Crossing The Digital Faultline & Leading Towards Transformative Success – YouTube and delve deeper into his book Crossing the Digital Faultline at Crossing the Digital Faultline | Trianz.
Trianz Media Team
[email protected] +1-408-387-5800
Logo: https://mma.prnewswire.com/media/626944/1199800/Trianz_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/trianz-appoints-ravishankar-savita-as-head-of-data–analytics-practice-reaffirming-commitment-to-data-driven-transformation-excellence-302146066.html

Continue Reading

Trending