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Potential Opportunity Worth USD 119 Bn in Connected Mobility and Telematics by 2026 – Exclusive Research Published by MarketsandMarkets™

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Disruption – Potential opportunity worth USD 119 Bn is expected to open up in Connected Mobility and Telematics value chain, owing to the developments in autopilot, data monetization, government regulations, and aftermarket channels. As per the sources, >90% of cars will be connected by 2026, creating huge revenue opportunities for OEMs, ISPs, TSPs, software developers, etc. With advanced ADAS, connectivity, the number of ECUs is expected to grow to 150-200. This would create opportunities for hardware suppliers, semiconductor manufacturers.

According to MarketsandMarkets™ analysis,

  • Adoption of electrification and telematics and stringent emission standards is expected to pave the way for connected vehicles and Mobility-as-a-Service in the coming years.
  • Connected mobility and telematics industry is expected to showcase a revenue of USD 16-18 Bn by 2025, ~60% of which is expected to come from light duty vehicles.
  • Connected car market is estimated to showcase a potential of USD 53-55 Bn by 2026, driven by safety regulatory standards, autonomous vehicles, and emergence of 5g infrastructure, etc.
  • Insurance and diagnostics services are expected to hold significant potential in the connected car market.

Unknowns & Adjacencies

Currently, businesses have low access to primary intelligence to clarify some unknowns and adjacencies in these opportunity areas –

  • What will be the role of connected infrastructure in electric and autonomous cars development?
  • How connected cars would impact the demand for sensors & electronics – cameras, radars, LiDAR’s, ECUs?
  • How connectivity in cars would drive the adoption of telematics insurance/UBI in the coming years?
  • How growing electrification in off-highway industry will impact the adoption of connectivity in the off-highway industry?
  • What potential does data monetization market hold as the penetration of connected cars is expected to reach more than 90% globally by 2026?
  • How developments in high-speed trains create revenue pockets for connected and telematics service providers in railway industry?

Some of the growth problems encountered by connected mobility and telematics companies are:

Customer prioritization and assessing unmet needs:

  • What are the disruptions in our clients’ businesses? How can we support them for our own growth?
  • Who are the most potential customers expected to be benefitted going forward- OEMs, ISPs, TSPs, data centers, etc.?
  • What are the key unmet needs of customers? Who are the key stakeholders in different settings? Which new solutions/services that are expected to witness higher adoption in the coming years?

Where to play:

  • Which applications areas should we focus on? Should it be on-/off- highway/locomotives etc.?
  • Which regions should we place our bets on? Should we continue with developed countries or do developing countries offer more growth opportunities?

Building a compelling Right-to-Win (RTW):

  • For M&A, which are the right targets for us? Should we target OEM or aftermarket platforms for connected car solutions/services? Should we enter new markets directly or through partners?
  • How can we differentiate from top players? What is their right-to-win vs ours?

Key uncertainties/perspectives which industry leaders seek answers to:

For connected mobility and telematics companies:

  • Which are the most promising telematics services in on- & off-highway segments in the coming years?
  • What will be the impact of increasing investments in high-speed rails on adopting telematics in railways?
  • How would automotive telematics impact the insurance industry for estimating insurance premiums and analyzing driver behavior?
  • Why is fleet management gaining popularity among heavy-duty/off-duty vehicles over light-duty vehicles?
  • Which telematics services would showcase the highest demand in L4/L5 autonomous vehicles?
  • What would be the acceptance of services like EV charging station maps, remote diagnostics, etc., in the future?

For Companies in Adjacent markets:

  • How would the growing connected car market impact the V2X market in the coming years?
  • How will the insurance services market see a successive increase with the growth of MaaS as more vehicles will be integrated and connected in the near future?
  • How the automotive sensors market value will be impacted by the increasing adoption of automation/connectivity in automobiles?
  • How will connected car software development companies get benefitted from increasing penetration of connected cars globally?
  • How will data centers /OEMs manage the huge amount of data generated by connected cars for storage/analysis/refinement etc.?
  • How will data centers /OEMs manage the huge amount of data generated by connected cars for storage/analysis/refinement etc.?

Therefore, MarketsandMarkets™ research and analysis focuses on high growth and niche markets, which will become ~80% of the revenues of the automotive players in the next 5-6 years.

Artificial Intelligence

Appian Named a Leader in the 2024 Gartner® Magic Quadrant™ for Process Mining Platforms Report

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LONDON, May 3, 2024 /PRNewswire/ — Appian (Nasdaq: APPN) today announced it has been named a Leader by Gartner in its 2024 Magic Quadrant for Process Mining Platforms report. The report evaluated 18 vendors and their product offerings. For more information, download a complimentary copy of the Gartner Process Mining 2024 report. 

Gartner defines Process Mining platforms as tools that deliver visibility and insights to technology innovation leaders that enable smart decision making and strong performance on an organisation’s critical priorities. Features that make Appian a leader in Process Mining, include:
Faster data prep that eliminates complex transformation with always-ready data from multiple sources.Automated process analysis and intelligent recommendations for where and how to take action.A low-code experience for measuring, monitoring, and optimising process performance—all within one platform.”We believe that Appian’s recognition in the Gartner Process Mining Platforms Magic Quadrant underscores our dedication to process excellence. Through Process HQ, we integrate data fabric, process mining, machine learning, and generative AI to streamline manual data prep, enabling businesses to gain insights swiftly and implement improvements easily,” said Michael Beckley, CTO and Founder of Appian. “Our unified approach merges Process Mining with AI-driven process automation, setting a new standard for efficiency and intelligence.”
Business users need greater visibility into the full breadth of their enterprise data and processes in order to maximise operational efficiency and strategic decision-making. By combining the latest technologies in data fabric, process mining, machine learning, and generative AI, Process HQ helps monitor and improve every business process built on Appian. Process HQ makes it easy to reduce costs, risks, and delays, improve compliance, and drive better business outcomes, without the need for costly and time-consuming data collection efforts.
Appian is now an industry leader across its value proposition to Design, Automate, and Optimise the most complex business processes. In addition to today’s announcement, Appian was named a Leader in the 2023 Gartner® Magic Quadrant™ for Enterprise Low-Code Application Platforms report, and was ranked #1 for the Business Workflow Automation with Integration Use Case in the 2023 Gartner® Critical Capabilities for Enterprise Low-Code Application Platforms (LCAP) report.
To access the report and to learn more about Appian’s positioning, visit https://ap.pn/3y2ClZy. Register for our upcoming webinar Process Intelligence Made Easy: The Key to Better Business Decisions on June 20, 2024 at 12pm EST to discover how Process HQ can improve business processes.
Gartner disclaimerGartner does not endorse any vendor, product or service depicted in our research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner research organisation and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. GARTNER is a registered trademark and service mark of Gartner and Magic Quadrant is a registered trademark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved.
About Appian
Appian is a software company that automates business processes. The Appian AI Process Platform includes everything you need to design, automate, and optimise even the most complex processes, from start to finish. The world’s most innovative organisations trust Appian to improve their workflows, unify data, and optimise operations—resulting in better growth and superior customer experiences. For more information, visit appian.com. [Nasdaq: APPN]
Follow Appian: LinkedIn, X, and X (UK).
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Artificial Intelligence

Innodisk Introduces iCAP Air: Advancing Air Quality Management through Autonomous Decision-Making

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TAIPEI, May 3, 2024 /PRNewswire/ — Innodisk, a global leader in AI solutions, has taken a pivotal step forward in environmental sustainability with the launch of its latest innovation, the “iCAP Air” air quality management solution. This solution empowers businesses worldwide to enhance air quality, sustainability, and human health. Additionally, business can benefit from monthly AI-generated air quality data report, providing valuable insights for informed decision-making.

Leveraging its expertise in edge computing and software and hardware integration, along with the expertise of its subsidiary Sysinno in air quality detection, Innodisk has achieved the development of the “iCAP Air” air quality management solution. This solution integrates advanced technology, including the innovative “iAeris7” air quality detector from Sysinno, to deliver accuracy in detecting temperature, humidity, fine suspended particles (PM2.5), suspended particles (PM10), carbon dioxide (CO2), formaldehyde and total volatile organic compounds (TVOC). It can also be customized to detect NO2, SO2, CO, NH3, and other air factors. At the same time, the iAeris7 device is known for its reliability, patented technology, and various international certifications, including those from SGS and FCC/CE/RoHS/NCC/BSMI.
The solution also includes the “iCAP Air Server,” designed to manage large-scale deployment and data from up to 100 air quality detectors, ensuring seamless integration and efficient operation, even in complex environments. Additionally, iCAP Air provides a user-friendly air quality management platform, enabling organizations to monitor air quality in real-time via a mobile app or internet browser, receive automatic alerts, and optimize air purification or exhaust ventilation system.
iCAP Air is a comprehensive solution that simplifies air quality management for users. It is tailored for medium to large-sized sites or densely populated, enclosed spaces such as medical institutions, smart manufacturing facilities, public transportation hubs, indoor parking facilities, and department stores. Innodisk’s “iCAP Air” air quality management solution represents a milestone for all businesses committed to leveraging technology for the greater good of air quality and society.
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View original content:https://www.prnewswire.co.uk/news-releases/innodisk-introduces-icap-air-advancing-air-quality-management-through-autonomous-decision-making-302135455.html

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Artificial Intelligence

Bitrue expands Bitcoin Runes Offerings with GPTV Listing and Staking Options

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VICTORIA, Seychelles, May 3, 2024 /PRNewswire/ — Leading digital asset exchange Bitrue continues its community-driven approach with the listing of a new Bitcoin Runes token, GPTV•AI•PEPE•KING (GPTV). This follows the recent addition of several other Bitcoin Runes tokens to the platform, including SATOSHI•NAKAMOTO (SATOSHI), LOBO•THE•WOLF•PUP (LOBO), RSIC•GENESIS•RUNE (RSIC), and DOG•GO•TO•THE•MOON (DOG). Trading for the GPTV/USDT pair commenced on April 30th, 2024.

What is GPTV?
GPTV is the native token of AI PEPE KING, a project claiming to be the “largest AI Meme Community” with a presence on both the Polygon (AIPEPE) and Bitcoin Runes (GPTV) blockchains. Notably, AI PEPE KING secured a $10 million investment to develop AI-powered customer service tools leveraging the ChatGPT technology. Additionally, they are building a “Dream Lottery” system. Revenue generated from these products is earmarked for buybacks and burns of both AIPEPE and GPTV tokens, potentially influencing their long-term value.
Staking Opportunities with Attractive Yields
Bitrue is also offering users staking opportunities for those holding BTR, AIPEPE, RSIC, or DOG tokens. By staking their holdings, users can earn rewards in GPTV, with estimated annual percentage yield (APY) varying on the staked token, with BTR offering 22.15%, AIPEPE at 23.18%, RSIC boasting a higher 31.37%, and DOG coming in at 23.62%. These yields present a potentially lucrative opportunity for users to grow their cryptocurrency holdings, but also come with financial risk and the potential for investment to return much lower yields.
Bitrue’s Focus on Community Engagement
The listing of these Bitcoin Runes tokens is a testament to Bitrue’s commitment to its user base. The decision to add these tokens stemmed from a community poll conducted through an X poll on Bitrue’s X account. This highlights the exchange’s dedication to incorporating community feedback into its decision-making process, fostering a sense of collaboration and shared interest.
With the addition of GPTV and the introduction of staking opportunities, Bitrue continues to expand its offerings for users interested in the burgeoning world of Bitcoin Runes tokens. The exchange’s focus on community engagement further strengthens its position as a platform that prioritizes user input and satisfaction.
About Bitrue
Launched in July 2018, Bitrue is a diversified digital asset exchange that supports trading, loans and investments. Bitrue aims to utilize blockchain technology to bring financial opportunities to everybody regardless of their location or financial position. With offices in Asia and Europe, the business continues to develop new features at a rapid speed to fully service the new wave of the digital economy. More information is available at Bitrue’s website.
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