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Digital Transformation Market Is Expected to Reach USD 4,617.78 Billion by 2030, Grow at a CAGR Of 26.7% during Forecast Period 2023 To 2030 | Data By Contrive Datum Insights Pvt Ltd.

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Farmington, March 30, 2023 (GLOBE NEWSWIRE) — The Global Digital Transformation Market Size Was Valued At USD 731.13 Billion In 2022 And Is Anticipated To Witness USD 4,617.78 billion By 2030 at a CAGR Of 26.7% From 2023 To 2030. The global digital transformation market is the market for technologies and services that help organizations modernize their operations, processes, and customer experiences in response to the growing use of digital technologies. This market has a wide range of products and services, such as cloud computing, big data analytics, artificial intelligence (AI), the Internet of Things (IoT), and blockchain.

The COVID-19 pandemic is also driving the digital transformation market. This is because the pandemic has sped up the shift to digital technologies, as more businesses try to digitize their operations and processes to stay competitive in a world after the pandemic.

Request Sample Copy of Report “Digital Transformation Market Size, Share & Trends Estimation Report By Solution Outlook (Analytics, Cloud Computing, Mobility, Social Media & Others), Service Outlook (Professional Services, Implementation & Integration, Hosted & On-premise), Enterprise Size Outlook (Large Enterprise, Small & Medium Enterprise) By Region, And Segment Forecasts, 2022 – 2030”, published by Contrive Datum Insights.

Segmentation Overview:

Security Type Insights:

Infrastructure as a service (IaaS), platform as a service (PaaS), and software as a service (SaaS) are all parts of cloud computing (SaaS). Cloud computing lets businesses scale their IT infrastructure and cut costs by only paying for the resources they use.

The Artificial Intelligence (AI) segment includes solutions for developing and deploying AI applications like natural language processing (NLP), machine learning (ML), and computer vision. AI solutions are used in a wide range of areas, such as customer service, catching fraud, and figuring out when repairs need to be made.

The cloud computing segment is expected to be the biggest part of the digital transformation market, since more and more people are using the cloud to meet their needs for scalability and low costs. The big data analytics and artificial intelligence (AI) markets are also expected to grow quickly as companies try to learn more from large amounts of data and make better decisions.

Also, the Internet of Things (IoT) and blockchain are expected to grow a lot as these technologies are used more and more in different industries. The COVID-19 pandemic has also sped up the adoption of digital technologies in a number of industries, which is expected to drive the growth of the digital transformation market in the coming years.

Enterprise Size Insights:

In the next few years, the global digital transformation market is expected to grow by a lot. Businesses of all sizes and in many different industries are looking to adopt digital technologies to improve their operations, make them more efficient, and make the customer experience better.

The digital transformation market is split into small and medium-sized enterprises (SMEs) and large enterprises based on the size of the business. The SME segment is expected to grow quickly because digital technologies like cloud computing, AI, and Internet of Things (IoT) devices are becoming more widely available and more affordable. SMEs are also realizing more and more that they need to use digital technologies to stay competitive and meet customers’ changing needs.

The large enterprise segment is expected to remain a major driver of the digital transformation market. This is because many large organizations are already putting a lot of money into digital technologies to improve their operations and customers’ experiences. Large businesses have the money to invest in more advanced technologies like big data analytics, machine learning, and blockchain, and they are likely to continue to be the first to use these cutting-edge solutions.

Overall, the global digital transformation market is expected to continue to grow quickly as businesses of all sizes and in all fields use digital technologies more and more. This is because businesses need to stay competitive in a world that is becoming more digital, and more and more advanced technologies and services are becoming available to help them do this.

Regional Outlook:

The global digital transformation market is studied in North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa, and others.

North America is expected to lead the world market for digital transformation because it has a lot of big tech companies, spends a lot on IT, and has a strong internet infrastructure. The United States is the biggest market in the area, and a big chunk of the digital transformation market is made up of sales there.

Europe is likely to be a big market for digital transformation because more and more people are using digital technologies and the government is taking steps to encourage digitalization. Some of the biggest markets in the area are the UK, Germany, and France.

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Scope of Report:

Report Attributes Details
Growth Rate CAGR of 26.7% from 2023 to 2030.
Revenue Forecast by 2030 USD 4,617.78 Billion
By Solution Analytics, Cloud Computing, Mobility, Social Media, Other
By  Service Professional Services, Implementation & Integration, Other
By Deployment Hosted, On-premise, Other
By Enterprise Size Large Enterprises, Small & Medium Enterprises (SMEs), Other
By End-use BFSI, Government, Healthcare, IT & Telecom, Manufacturing, Retail, Other
By Companies  Cisco Systems, Inc., Palo Alto Networks, McAfee, Inc., Broadcom, Trend Micro Incorporated, CrowdStrike, Check Point Software Technology Ltd.
Regions and Countries Covered
  • North America: (US, Canada, Mexico, Rest of North America)
  • Europe(Germany, France, Italy, Spain, UK, Nordic Countries, Benelux Union, Rest of Europe)
  • Asia-Pacific (Japan, China, India, Australia, South Korea, Southeast Asia, Rest of Asia-Pacific)
  • The Middle East & Africa(Saudi Arabia, UAE, Egypt, South Africa, Rest of the Middle East & Africa)
  • Latin America(Brazil, Argentina, Rest of Latin America)
  • Rest Of the World
Base Year  2022
Historical Year  2017 to 2022
Forecast Year  2023 to 2030

Market Dynamics:

Driving Factors:

Advancements in technology: The speed at which technology is changing has made it easier and cheaper for businesses to adopt digital technologies. New technologies like cloud computing, big data analytics, AI, and the Internet of Things (IoT) have made it possible for businesses to change how they run and how their customers feel about them.

Changing customer expectations: Customers want digital experiences that are more and more personalized, easy to use, and available anytime, anywhere. Because of this, businesses are putting money into digital technologies to meet the changing needs of their customers.

Need for cost and operational efficiency: Digital technologies like automation, machine learning, and AI can help organizations streamline their operations and cut costs. By automating tasks that used to be done by hand, companies can save time and reduce the chance of mistakes.

Restraining Factors:

High cost of implementation: The cost of implementing digital transformation technologies and solutions can be high, which could be a barrier for some organizations, especially small and medium-sized businesses..

Security and privacy concerns: As the use of digital technologies has grown, so has the risk of cyberattacks and data breaches, which can be a big problem for businesses. This could make businesses less likely to use new digital technologies.

Resistance to change: For digital transformation to happen, an organization’s culture, processes, and structure often need to change a lot. This can make people not want to change, which can slow or stop digital transformation efforts from working.

Opportunity Factors:

Development of cloud-based solutions: Cloud computing is becoming more popular, and there is a growing need for cloud-based Digital Transformation tools. This gives Digital Transformation companies a chance to make cloud-based solutions that are easier to use and less expensive than traditional solutions that are installed on-site.

Need for real-time analytics: Businesses are looking for more and more ways to get insights from data as it is being created. This gives Digital Transformation companies a chance to come up with real-time analytics solutions that can give insights right away.

Challenges Factors:

Personalization of customer interactions: As the need for personalized interactions with customers grows, businesses have a chance to set themselves apart from their competitors. Contact centers can use data analytics and AI technologies to give customers personalized help, which makes customers happier and more loyal.

Outsourcing of contact center operations: Businesses can give their contact center operations to third-party service providers so they can focus on their core business operations. Outsourcing can also save money, give access to specialized knowledge, and allow operations to grow or shrink as needed.

Key Segments Covered:

Top Market Players:
Cisco Systems, Inc., Palo Alto Networks, McAfee, Inc., Broadcom, Trend Micro Incorporated, CrowdStrike, Check Point Software Technology Ltd., and others.

By Solution

  • Analytics
  • Cloud Computing
  • Mobility
  • Social Media
  • Others

By Service

  • Professional Services
  • Implementation & Integration

By Deployment

  • Hosted
  • On-premise

By Enterprise Size

  • Large Enterprise
  • Small & Medium Enterprise

By End-use

  • BFSI
  • Government
  • Healthcare
  • IT & Telecom
  • Manufacturing
  • Retail
  • Others

Regions and Countries Covered

  • North America: (US, Canada, Mexico, Rest of North America)
  • Europe: (Germany, France, Italy, Spain, UK, Nordic Countries, Benelux Union, Rest of Europe)
  • Asia-Pacific: (Japan, China, India, Australia, South Korea, Southeast Asia, Rest of Asia-Pacific)
  • The Middle East & Africa: (Saudi Arabia, UAE, Egypt, South Africa, Rest of the Middle East & Africa)
  • Latin America: (Brazil, Argentina, Rest of Latin America)
  • Rest Of the World

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Customization of the Report: The report can be customized as per client needs or requirements.For any queries, you can contact us on [email protected] or +1 215-297-4078. Our sales executives will be happy to understand your needs and provide you with the most suitable reports.

About Us:
Contrive Datum Insights (CDI) is a global delivery partner of market intelligence and consulting services to officials at various sectors such as investment, information technology, telecommunication, consumer technology, and manufacturing markets. CDI assists investment communities, business executives, and IT professionals to undertake statistics-based accurate decisions on technology purchases and advance strong growth tactics to sustain market competitiveness. Comprising of a team size of more than 100 analysts and cumulative market experience of more than 200 years, Contrive Datum Insights guarantees the delivery of industry knowledge combined with global and country-level expertise.

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Amp Finalises Commercial Agreements for Cape Hardy Advanced Fuels Precinct

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ADELAIDE, Australia, May 21, 2024 /PRNewswire/ — Amp Energy (“Amp” or the “Company”) announced today it has finalised all required commercial agreements for the development of the Cape Hardy Advanced Fuels Precinct – one of the leading green hydrogen, green ammonia and advanced fuel projects in Australia. The agreements, which were executed with Iron Road Ltd, include the purchase of a 630-hectare parcel of land at Cape Hardy as well as finalised royalty structure and common user infrastructure agreement. Amp will continue to build upon development progress made since announcing the Strategic Framework Agreement with Iron Road Ltd in April 2023 to bring advanced fuel production capacity to Cape Hardy.

The Cape Hardy Advanced Fuels Precinct will provide production at scale with up to 10 GW of planned electrolyser capacity. Development will be structured to initially bring 1 GW online with incremental stages to reach 10 GW of total capacity.   The project will both cater to the domestic Australian market, supporting the Australian Government’s net zero goals, while also featuring global export capabilities.  To facilitate distribution, Cape Hardy will be equipped with Australia’s first purpose-built advanced fuels export terminal.   
Amp has been in discussions to develop the Cape Hardy Advanced Fuels precinct, in collaboration with Iron Road Ltd and The Government of South Australia, for the past two years. During that time, Amp has made significant development progress.  The project’s concept, design, and pre-Front End Engineering Design (FEED) phase have been studied and reviewed by two leading global engineering firms, Arup and Technip Technologies, as Amp targets completion of pre-FEED studies for the first 1 GW electrolyser phase over the next 9 months. FEED scoping and contracting is currently underway ahead of awarding the FEED contract in late 2024 or early 2025.
Desalinated water is to be sourced from the recently announced Northern Water Supply (NWS) seawater desalination plant that will be located at Cape Hardy to meet the project’s demand for electrolyser feed water, cooling water, process plant water, and fire water. Amp is co-funding pre-FID expenditures for the NWS project.
Additionally, Amp is working closely with the Barngarla Determination Aboriginal Corporation RNTBC (“BDAC”).  With continued support from the BDAC, Amp is confident the Cape Hardy Advanced Fuels Precinct will have a meaningful economic impact on the region.  Amp currently estimates this will include approximately 4,000 direct and 6,000 indirect jobs for the first gigawatt of electrolyser capacity alone.
“We are seeing growing demand for Advanced Fuels both in Australia and abroad. This includes green ammonia, liquid hydrogen, methanol, and sustainable aviation fuel. The Cape Hardy Advanced Fuels Precinct will allow for large-scale production of these fuels that will be critical to the energy transition and achieving net zero targets. We could not be more excited about the project’s potential impact, and we are grateful for the partnership and continued support from Iron Road Ltd, the South Australian Government and BDAC as we progress full steam ahead on development” said Paul Ezekiel, Amp President and Co-founder.
Minister for Trade and Investment, Joe Szakacs said “The State Government recognises the strategic importance of the Cape Hardy Advanced Fuels Precinct attracting investment into the state for domestic and export opportunities, as there is an increasing flight to quality for hydrogen projects worldwide.”
About AmpAmp Energy is a global energy transition development platform, which delivers renewables, battery storage, Advanced Fuels and green AI data centers at scale, together with proprietary AI-enabled grid flexibility through its Amp X platform. Since its inception 15 years ago, Amp has developed and built or contracted 14 GW of assets globally. Amp is backed by major investments from institutional capital partners including global private equity firm the Carlyle Group, who has invested over US$440 million. The company has global operations throughout North America, the UK, Australia, Japan, and Spain.
For more information, please visit amp.energy

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Artificial Intelligence

GEEKOM A8 AI PC is now available for €799 and up.

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TAIPEI, May 21, 2024 /PRNewswire/ — The GEEKOM A8, a highly anticipated Next-Gen AI mini PC with an AMD HawkPoint Ryzen 8040 processor, is now available.

The A8 employs a metal housing with rounded corners and anodized matte finish, giving it a gorgeous and stylish look. Having a footprint smaller than the palm of a hand, the mini PC will conveniently fit in all types of desktop arrangement and instantly elevate the aesthetics of any workspace.
There are two variants of the GEEKOM A8, users have the option to choose between two processors from the same AMD HawkPoint family: Ryzen 7 8845HS and Ryzen 9 8945HS. Both chips feature 8 Zen 4 CPU cores, 16 threads, 16MB L3 cache, an AMD Radeon 780M integrated GPU as well as a Ryzen AI Engine NPU, but the Ryzen 9 8945HS is designed to offer slightly better performance, thanks to its higher CPU and GPU frequencies.
With a greatly enhanced NPU, the A8 can execute 60% more AI workloads than mini PCs with last-generation Ryzen 7040 chips, allowing users to embrace a new era of AI computing. For average consumers, the A8 will quickly find answers to all questions and turn texts into images and videos. For business users, the A8 will automatically summarize notes, transcribe calls, and take meeting minutes. For professional content creators, the A8 will bring much faster AI-powered photo editing, quicker video output, and speedier multi-tasking, helping bring the most ambitious ideas to life. With the new IceBlast 1.5 cooling technology, the A8 can stay cool and stable even when tasks are loaded.
Besides its powerful performance, the A8 also offers a wide array of ports, including four USB-A (including three USB3.2 Gen2), two HDMI2.0, a 40Gbps USB4, a multi-function Type-C, an SDXC slot, and a 3.5mm audio jack. Users can choose to connect the mini PC to an eGPU, ultra high-speed portable storage, or up to four 4K displays.
The A8 is now available on GEEKOM’s independent website. The 8845HS and 8945HS variants are priced at €799 and €949 respectively. Regardless of the CPU option, each unit is preinstalled with 32GB dual-channel SO-DIMM DDR5-5600 RAM, a fast 1TB M.2 2280 PCIe4.0*4 SSD, a wireless card that supports WiFi 7 and Bluetooth 5.4, and a licensed copy of Windows 11 operating system.
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AI-exposed sectors experience productivity surge as AI jobs climb and see up to 25% wage premium: PwC 2024 Global AI Jobs Barometer

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Sectors more exposed to AI are experiencing almost fivefold (4.8x) greater labour productivity growth (‘AI exposed’ means AI can readily be used for some tasks)Postings for AI jobs are growing 3.5x faster than for all jobs. For every AI job posting in 2012, there are now seven job postingsJobs that require AI skills carry up to a 25% wage premium in some marketsAI-driven spike in productivity could allow many nations to break out of persistent low productivity growth, generating economic development, higher wages, and enhanced living standardsSkills sought by employers are changing at a 25% higher rate in occupations most exposed to AI. To stay relevant in these occupations, workers will need to demonstrate or acquire new skillsLONDON, May 21, 2024 /PRNewswire/ — Sectors more exposed to AI are experiencing almost five times (4.8x) higher growth in labour productivity, according to PwC’s inaugural 2024 Global AI Jobs Barometer, published today.

The report, which analysed over half a billion job ads from 15 countries, suggests that AI could allow many nations to break out of persistent low productivity growth, generating economic development, higher wages, and enhanced living standards.
The report finds that for every job posting requiring AI specialist skills (i.e., machine learning) in 2012, there are now seven job postings.[1] PwC research also finds that growth in jobs demanding AI skills has outpaced all jobs since 2016, with postings for jobs requiring AI skills growing 3.5x faster than for all jobs.
The findings also highlight economic opportunity for labour forces: jobs that require AI skills carry up to a 25% average wage premium in some markets.
Skills sought by employers are changing much faster in occupations more exposed to AI, with old skills disappearing – and new skills appearing – in job ads at a 25% higher rate than in occupations less exposed to AI. To stay relevant in these occupations, workers will need to demonstrate or acquire new skills.
As questions abound around the technology’s impact on everything from job security to long-term business viability, the findings highlight positive news, even for workers in sectors most exposed to AI. The findings also reflect a good news story for workers and the global economy in which AI-enabled workers are more productive and more valuable, opening the door to rising prosperity for workers and nations.
Carol Stubbings, Global Markets and Tax & Legal Services (TLS) Leader, PwC UK, says:
“AI is transforming the labour market globally and presents good news for a global economy hindered by deep economic challenges and concerns around long-term business viability. For many economies experiencing labour shortages and low productivity growth, the findings highlight optimism around AI with the technology representing an opportunity for economic development, job-creation, and the creation of new industries entirely. However, the findings show that workers will need to build new skills and organisations will need to invest in their AI strategies and people if they are to turbocharge their development and ensure they are fit for the AI age.”
Near fivefold productivity growth in sectors more exposed to AI
The findings paint a positive picture of the impact of AI on labour markets and productivity. Sectors most exposed to AI – financial services, information technology, and professional services – are experiencing nearly five times higher labour productivity growth than sectors less exposed to AI.[2]
Jobs that require AI skills carry significant wage premiums
Across the five major labour markets for which wage data is available (US, UK, Canada, Australia and Singapore), jobs that require AI specialist skills carry a significant wage premium (up to 25% on average in the US), underlining the value of these skills to companies. Across industries (in the US for example), this can range from 18% for accountants, 33% for financial analysts, 43% for sales and marketing managers, to 49% for lawyers. While the wage premium differs by market, overwhelmingly this is higher in all markets analysed.
AI penetration is accelerating, particularly in knowledge work sectors
The study finds that knowledge work sectors are seeing the most rapid growth in the share of roles requiring AI skills. This includes financial services (2.8x higher share of jobs requiring AI skills vs other sectors), professional services (3x higher), and information & communication (5x higher).[3]
No going back to yesterday’s jobs markets: the skills building imperative
Companies, workers, and policymakers share responsibility for helping workers build the skills to succeed in a fast-changing jobs market. Skills demanded by employers in occupations more exposed to AI are changing at a 25% higher rate than in less exposed occupations. 69% of CEOs expect AI will require new skills from their workforce, rising to 87% of CEOs who have already deployed AI, according to PwC’s 27th Annual Global CEO Survey 2024. 
Pete Brown, Global Workforce Leader, PwC UK, adds:
“Businesses and governments around the world will need to ensure they are adequately investing in the skills required for both their people and organisations if they are to thrive in a global economy and labour market being transformed by AI. Equally, there is tremendous opportunity for people, organisations, and economies with expertise in new and emerging technologies such as AI. Ensuring a skills-first approach to recruitment as well as continued investment in workforce upskilling is imperative as no industry or market will remain immune to the impact of AI’s technological and economic transformation.”
Scott Likens, Global AI and Innovation Technology Leader, PwC US, concluded:
“AI provides much more than efficiency gains. AI offers fundamentally new ways of creating value. In our work with clients, we see companies using AI to amplify the value their people can deliver. We don’t have enough software developers, doctors, or scientists to create all the code, healthcare, and scientific breakthroughs the world needs. There is a nearly limitless demand for many things if we can improve our ability to deliver them – and limitless opportunity for organisations and individuals that invest in learning and applying the technology.”
Notes to Editors:
About the PwC 2024 Global AI Jobs Barometer
PwC’s new Global AI Jobs Barometer uses half a billion job ads from 15 countries to examine AI’s impact on jobs, skills, wages, and productivity. Analysing data from the past decade and across a large number of sectors, the report provides insight on AI job penetration, salary premiums, vacancy rates and more. The report will be presented at the VivaTech Summit in Paris by PwC global leaders.
About PwC
© 2024 PwC. All rights reserved. PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see http://www.pwc.com/structure for further details. 
[1] Refers to six of the fifteen countries analysed: US, UK, Singapore, Australia, Canada and New Zealand.[2] Due to the availability of OECD data, PwC analysis focused on just these six sectors profiled for the period 2018-2022 (2023 data has not yet been released).[3] Other sectors include: Agriculture, Mining, Power, Water, Retail Trade, Transportation, Accomodation, Real Estate, Administrative, Arts and Entertainment, Household Activities, Construction, Manufacturing, Education and Social Activities and ExtraCurricular Activities.
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