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Information Technology Industry’s Trending Markets – By The Business Research Company

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LONDON, Aug. 10, 2023 (GLOBE NEWSWIRE) — As per The Business Research Company’s Information Technology Global Market Report 2023, the information technology market is poised for substantial growth, projected to reach an impressive $11995.97 billion by 2027, with a CAGR of 7.9%. A significant driver of this expansion is the escalating demand for cloud computing services. As businesses increasingly adopt the cloud computing model, the need for robust IT services becomes paramount.

In this dynamic landscape, TBRC’s reports hold immense value. These reports offer in-depth analyses of market trends, key players, and emerging technologies, providing businesses with actionable insights to navigate the complex IT industry. By leveraging TBRC’s expertise, stakeholders can stay attuned to the evolving demands of cloud computing and strategically position themselves to harness the growth potential of the information technology market.

Explore the following top 11 market reports to acquire a profound comprehension of market dynamics, evolving consumer inclinations, and emerging prospects:

      1.   IoT Testing Global Market Report 2023

https://www.thebusinessresearchcompany.com/report/iot-testing-global-market-report

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As per the IoT testing global market report 2023, a prevailing trend is the adoption of virtualization for IoT test automation. This approach addresses critical challenges inherent in traditional testing methodologies. Challenges such as scalability issues with numerous connected devices, maintenance complexities, unit-level code checking discrepancies, and difficulties in ensuring high-performance deliverables can be effectively mitigated through the implementation of virtualization in test automation.

      2.   Smart Home Security Global Market Report 2023

https://www.thebusinessresearchcompany.com/report/smart-home-security-global-market-report

The smart home security global market report 2023 highlights that the landscape of smart home security systems is undergoing a transformative shift, with manufacturers increasingly embracing advanced technologies, particularly visual recognition powered by Artificial Intelligence (AI), in their security devices. AI’s evolution has reached a new juncture, where security verification and authentication are being revolutionized through face and visual recognition capabilities. By incorporating AI-driven visual recognition into security devices, manufacturers are enhancing the accuracy and sophistication of security measures.

      3.   Software as a service (SaaS) Global Market Report 2023

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https://www.thebusinessresearchcompany.com/report/software-as-a-service-global-market-report

According to the Software as a Service (SaaS) global a market report 2023, the SaaS market is increasingly embracing artificial intelligence (AI) as a prominent trend. AI involves simulating human intelligence processes using machines, revolutionizing various aspects of software as a service, from enhancing user experiences to optimizing business operations.

      4.   Cloud Services Global Market Report 2023

https://www.thebusinessresearchcompany.com/report/cloud-services-global-market-report

Cloud service providers are actively leveraging artificial intelligence to elevate the efficiency and agility of their cloud computing services, as per the cloud services global market report 2023. By harnessing AI, computers and machines emulate the problem-solving and decision-making process of the human mind, leading to accelerated and more refined cloud-based solutions. This integration of AI with cloud services represents a significant stride towards optimized performance and enhanced user experiences in the realm of digital computing.

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      5.   Advanced Analytics Global Market Report 2023

https://www.thebusinessresearchcompany.com/report/advanced-analytics-global-market-report

Per TBRC’s analysis, the advanced analytics market is poised for remarkable expansion, projected to reach $92.9 billion by 2027 with a robust CAGR of 23%, according to advanced analytics global market report 2023. This growth trajectory is driven by the increasing adoption of analytical solutions across various industries. Notably, sectors like retail, agriculture, banking, and more are embracing analytical solutions for diverse purposes such as demand forecasting, trade promotion optimization, and behavior analytics.

      6.   AI in FinTech Global Market Report 2023

https://www.thebusinessresearchcompany.com/report/ai-in-fintech-global-market-report

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The AI in fintech market is set for substantial expansion, projected to reach $31.71 billion by 2027 with a robust CAGR of 28.6%, as per the AI in fintech global market report 2023. This surge is propelled by the increasing requirement for fraud detection within fintech and financial institutions. As the financial landscape becomes more complex, AI technologies, including machine learning algorithms, are stepping in to analyze vast datasets and swiftly identify potentially fraudulent activities.

      7.   Big Data Security Global Market Report 2023

https://www.thebusinessresearchcompany.com/report/big-data-security-global-market-report

According to TBRC’s market report, the big data security market is poised for substantial growth, projected to reach $55.53 billion by 2027 with a solid CAGR of 14.2%. This surge is driven by the escalating threat of cyberattacks. As instances of malicious cyber activities increase, the need for robust big data security solutions becomes paramount. These solutions are designed to safeguard valuable data assets and sensitive information from cyber threats and breaches.

      8.   Blockchain Devices Global Market Report 2023

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https://www.thebusinessresearchcompany.com/report/blockchain-devices-global-market-report

As highlighted in the blockchain devices global market report 2023, the blockchain devices market is experiencing a notable trend in the adoption of wireless communication technology. This strategic move is gaining traction as organizations recognize the potential for competitive advantage and innovation through the implementation of next-generation wireless technologies. By integrating wireless communication with blockchain devices, companies can enhance connectivity, streamline operations, and unlock new possibilities for data exchange and secure transactions.

      9.   Cloud Management Platform Global Market Report 2023

https://www.thebusinessresearchcompany.com/report/cloud-management-platform-global-market-report

In the cloud management platform market, a significant trend is the adoption of multi-cloud management platforms, as per TBRC’s analysis. These platforms encompass a range of services designed to tackle the challenges posed by multi-cloud deployments, streamlining the management of hybrid IT environments. By providing a cohesive solution, multi-cloud management platforms enable organizations to navigate the complexities of operating across multiple cloud providers seamlessly.

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      10.   DevOps Global Market Report 2023

https://www.thebusinessresearchcompany.com/report/devops-global-market-report

According to the DevOps global market report 2023, the DevOps market is set for substantial growth, projected to reach $24.71 billion by 2027, with an impressive CAGR of 22.9%. This growth is propelled by the escalating demand for bridging the gap between IT and operations teams. DevOps practices, which emphasize collaboration, automation, and seamless communication between development and operations, are increasingly sought after by businesses striving to enhance software delivery, reduce deployment times, and improve overall operational efficiency.

      11.   Drone Software Global Market Report 2023

https://www.thebusinessresearchcompany.com/report/drone-software-global-market-report

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The drone software market is witnessing a dominant trend in technological advancement, as per TBRC’s market report. Leading players in the market are focusing on the development and implementation of cutting-edge drone software solutions. These advanced software offerings are designed to streamline and automate various aspects of drone operations, such as flight control, data transfer, and image processing. By harnessing these technologies, users can benefit from efficient drone flights, seamless data transmission, and even achieve survey-grade accuracy in the results obtained.

Learn More About The Business Research Company

The Business Research Company is a market intelligence firm pioneering in company, market, and consumer research. With offices all around the world, TBRC has specialist consultants in a variety of fields, including manufacturing, healthcare, financial services, chemicals, and technology.


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

Global AI Summit Calls for Global Action to Guarantee AI Innovation is for the “Good of Humanity”

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RIYADH, Saudi Arabia, Sept. 14, 2024 /PRNewswire/ — The Global AI Summit (GAIN) in Riyadh concluded on a high, after the summit welcomed more than 30,000 delegates from across the globe over three days. The live stream of the summit, organized by the Saudi Data and AI Authority (SDAIA), received 3.7m views.

Building on the success of previous editions, GAIN 2024 featured more than 450 speakers from 100 countries, participating in 150 sessions. It also witnessed over 25 launches and announcements, and facilitated the signing of over 80 agreements and Memoranda of Understanding (MoUs).
The summit has grown exponentially since its inception in 2020. Its growing prominence reflects the Kingdom of Saudi Arabia’s role in advancing AI capabilities as it positions itself as a global leader in this space.
The key output from the summit was the need for governments and policy makers to take global action to ensure that AI technology evolves for the good of humanity. Central to responsible evolution is an ethical framework and robust governance.
To support the advancement of AI ethics and governance, SDAIA announced the Riyadh Charter of Artificial Intelligence for the Islamic World in collaboration with the Islamic World Educational, Scientific, and Cultural Organization (ICESCO). This promotes ethical AI grounded in Islamic values and principles, as well as sustainable development through international cooperation.
SDAIA has played a pivotal role in forging key collaborations to strengthen local and regional AI solutions, signing MoUs with Microsoft Arabia to develop Arabic language models, IBM for a Center of Excellence in Generative AI technologies, and NVIDIA to scale AI infrastructure across the Kingdom.
The summit also marked several major milestones. Alongside the unveiling of ALLaM, the world’s most advanced Arabic Language Model, other diverse initiatives such as the Global AI Community, the THAKAI Platform, and guidelines for addressing deepfake technology.
Furthermore, the launch of the Generative AI Center of Excellence by the Digital Cooperation Organization (DCO), the agreement to open an International Center for AI Research and Ethics (ICAIRE) as a UNESCO Category 2 Center, further underscored the impact of GAIN 2024.
The summit itself provided the platform for companies from all over the world to showcase the latest AI technologies and innovations, including AI generated avatars, AI generated artwork, and even Robotic bar staff serving beverages.
The summit closed with an inspirational speech from the Director of Saudi Arabia’s National Information Center, His Excellency Dr. Esam Alwagait, in which he thanked participants:
“Your candid perspectives have not only inspired us with the vision of what lies ahead, but have also grounded us in the realities we must face. Together, we have not only imagined the future of AI, but have also made it real by addressing the challenges and identifying the enablers needed to truly unlock its potential.”
He added:
“It has been incredibly inspiring to see the world come together here in Riyadh, united by momentum to make AI work for everyone. The commitment to collaborative action has been evident throughout the summit.” 
The success of GAIN 2024 ensures that the Kingdom’s AI infrastructure will be significantly strengthened and has cemented Saudi Arabia position at the center of global AI.
[email protected]
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Artificial Intelligence

Akuvox S567G Smart Indoor Monitor Has Received Google Mobile Service Certification

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XIAMEN, China, Sept. 13, 2024 /PRNewswire/ — Akuvox has announced its S567G, an indoor monitor powered by Android™, to have received Google GMS certification. This certification ensures full support for Google Services, allowing users to download and update apps directly from the Google Play Store, including smart home control apps. It also enhances system security, protecting against malware and unauthorized access.

GMS certification involves comprehensive testing and approval by Google or a designated 3PL lab, validating security and compatibility to ensure seamless integration within the Android ecosystem. Receiving GMS certification underscores Akuvox’s leadership in the smart intercom industry. Building on its legacy as the pioneer of Android smart intercoms, Akuvox continues to elevate its Android systems with Google’s rigorous certification, offering clients flexible and sophisticated smart intercom solutions. 
The S567G’s GMS certification ensures flawless operation with key Google apps like Chrome, Gmail, YouTube, Maps, and the Play Store. Edward Shi, Product Manager of the S567G, notes, “The positive feedback we’ve received from clients, even during testing, confirms that this device is transforming daily life. It’s more than just an intercom — it’s a versatile tool, even capable of functioning as a small TV. Our team has worked tirelessly to meet the highest standards, and I’m excited to see how it enhances smart living for our users.”
The S567G’s features extend beyond intercom functionality. With four HD speakers and a 1280 x 800 IPS LCD screen, it offers an exceptional audio-visual experience, redefining the concept of an indoor monitor. Whether for entertainment or smart home control, the S567G stands out as a versatile wall-mounted tablet, bringing innovation to every interaction.
About Akuvox
Akuvox is a global leading provider of smart intercom and smart home products and solutions. It is committed to unleashing the power of technology to improve people’s lives with better communication, greater security, and more convenience. Encompassing artificial intelligence, SIP, Android, cloud, security, and other advanced technologies, Akuvox continuously drives breakthrough changes in the industry and creatively delivers an unrivaled portfolio of smart intercom and smart home products and solutions. It has been deployed and used daily in more than 110 countries and regions, meeting customer needs in various vertical markets that range from residential to commercial, from healthcare to public safety.
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SeaBubbles Accelerates Sustainable Maritime Mobility with SmartBubble and Strategic Acquisition

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SAINT JORIOZ, France, Sept. 13, 2024 /PRNewswire/ — SeaBubbles, French pioneer in zero-emission hydrofoils, strengthens its commitment to ecological transition with the launch of SmartBubble, new flying boat model combining cutting-edge technology with iconic design. This innovative vessel, designed to carry up to eight people at a speed of 16 knots (30 km/h), takes its passengers on a silent and environmentally friendly flight, ideal for water taxi services and urban transportation.

SmartBubble: Concentration of Technology and Design
Following the success of its first public line on Lake Annecy, where hundreds of passengers experienced the unique sensation of flying aboard The Bubble (4-seater model), SeaBubbles reaches a new milestone with the homologation of the SmartBubble (8-seater model) and its four patents, including retractable foils.
SmartBubble technology is geared towards energy efficiency. The submerged wings (foils) equipped with automatic flaps allow to fly at low speeds, saving 40% of energy required. This unique boat has just been presented afloat for the first time at the Cannes Yachting Festival.
SeaBubbles Strengthens Flight Control Expertise with Neocean Acquisition
SeaBubbles also announces the acquisition of Neocean technology, to accelerate the development of flight control expertise, specifically on “inverted T” foils. Neocean is renowned for developing the Overboat, foiling catamaran with proven stability and maneuverability.
SeaBubbles is a key player in hydrofoil navigation, technology that improves energy efficiency of boats, particularly electric ones. The flight control system is a central element of the flight experience: it is designed to ensure stable flight by dynamically and autonomously managing the mechanical inclination of the flaps on the trailing edges of the foils.
SeaBubbles: Vision for the Future
SeaBubbles’ ambition is to revolutionize urban and suburban maritime transport with more efficient and environmentally friendly boats. Examples such as the Calanques National Park, Norwegian fjords, alpine lakes or the canals of Amsterdam demonstrate a committed initiative towards the preservation of aquatic ecosystems by gradually banning the circulation of thermal boats.
“Foils significantly reduce the drag of our boats, allowing our hydrofoils to move more easily and with less energy than a conventional boat: a considerable gain in cost and energy,” explains Virginie Seurat, CEO of SeaBubbles. “The acquisition of Neocean marks a decisive turning point and prepares us for our industrialization phase. We are ready to redefine the pleasure of boating and offer boats that comply with increasingly stringent environmental standards, while offering unique sailing comfort – zero noise, zero waves, zero emissions.”
AxiCom for SeaBubbles, [email protected] 
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