Telefónica Tech and IBM (NYSE: IBM) today announced a new collaboration agreement to drive the deployment of Artificial Intelligence (AI), analytics and data governance solutions and respond to the constant and dynamically evolving needs of enterprises. The agreement, initially limited to Spain, establishes a framework of collaboration between the two companies to help their customers deal with the complexity of managing new technologies in a heterogeneous and changing environment and to extract the full value of these technologies in their business processes.
According to findings in IBM Global AI Adoption Index study, almost half of the companies in Spain that are already working with AI claim that they have accelerated their investments in this technology in the last 24 months. This highlights the need to provide the business landscape with tools and solutions that drive their digital transformation journeys, in which AI plays a prominent role.
Through this new collaboration, the companies will work together on the development and deployment of an open, hybrid and multi-cloud platform, specializing in data management and AI to facilitate and accelerate business initiatives for customers, a use case office, demonstrations and development of MVPs; and the implementation of resources, training and certifications. Last year IBM launched the watsonx AI and Data platform, which will be at the heart of the collaboration agreement.
Elena Gil Lizasoain, director of the Artificial Intelligence and Data business unit at Telefónica Tech, said: “This new collaboration with IBM will help drive the many benefits of Artificial Intelligence, traditional and generative, and proper data management in the business world. By combining the knowledge of both teams, we will continue to advance in the construction of use cases aimed at creating more efficient and sustainable businesses.”
Adolfo Hernández Pulido Technology Managing Director for Telefónica at IBM added: “This collaboration is another step in our long history of working with Telefónica Tech. Together, we are accelerating the digital transformation of the Spanish business community, enabling the development of innovative technology solutions that will help companies adapt to the AI era. Analytics, data governance and the correct deployment of AI are key elements for today’s business success, and we both share the commitment to help businesses achieve it.”
Technology and co-creation to provide answers to real business needs
Telefónica Tech and IBM will launch a use case office, made up of highly qualified professionals from both companies, to promote and coordinate the definition and development of use cases, proofs of concept, and MVPs to accelerate business development and further showcase the value available to clients through the use of these technologies.
IBM Client Engineering, the IBM team that helps solve business challenges through co-creation and innovative work with experts, will play an important role in the use case office, as will the Telefónica Tech professionals who brings extensive technical knowledge and experience in the implementation of AI in the business sector.
The collaboration is already providing generative AI solutions to its customers that include code generation for IT applications, automation of processes and incidents, cognitive assistants in industrial operations, advice and customer service, analytics, processing and management of audiovisual content and text documents.
IBM and Telefónica Tech have a strong history of collaboration that includes hybrid cloud-based solutions, such as TROS, Telefónica Tech’s multi-cloud service based on RedHat OpenShift; integrated AI for the creation of virtual assistants to improve customer service; and optimized supply chain management to increase the traceability of business assets with blockchain. This joint effort is the next step in the fruitful relationship in which both companies continue to drive innovation and digital business transformation through the implementation of cutting-edge technologies.
SHARK.X, the new platform to drive end-to-end AI deployment
SHARK.X, a new and innovative open, hybrid and multi-cloud platform that hosts different IBM hardware and software components, with access to IBM Cloud and other clouds, where the native hyperconverged IBM Storage Fusion HCI infrastructure for running enterprise applications stands out, will be deployed in Telefónica Tech’s La Cabina facility, which is Telefónica’s technological inspiration centre for the digital transformation of companies and public administrations.
Telefónica Tech will provide specialized professional services to define the most appropriate deployment architecture for each customer and integrate the solution into their environment, as well as ingest data from different sources and develop artificial intelligence use cases aimed at addressing their business priorities. It will also provide advice in the field of data governance and artificial intelligence models and in the field of regulatory and ethical compliance, which is especially relevant with the new regulations approved in the European Union.
At the software level, SHARK.X will include several IBM technologies that will cover the entire value chain associated with enterprise data management, analytics and management of enterprise data. SHARK.X will host IBM Cloud Pak for Data to enable data collection, organization, analysis and governance; it will include the IBM watsonx AI and Data platform to build, deploy and scale AI applications in a simple, secured and governed way; as well as Cognos and Planning Analytics, which enables collaborative business intelligence, planning and reporting solutions.
With these capabilities, the SHARK.X platform will address both traditional and generative AI initiatives and address end-to-end data governance and management while providing a Lakehouse as a robust enterprise data management solution, helping address data security and protection, and delivering business intelligence, planning, optimization and reporting.
The post Telefónica Tech and IBM Sign a New Collaboration Agreement to Drive the Development of AI, Analytics and Data Management Solutions for Enterprises appeared first on HIPTHER Alerts.

 
S&P Global Market Intelligence has announced the expansion of its Bond Reference Data by including 20 additional sustainable descriptive data fields to complement its existing terms and conditions data. The new dataset offers an extensive range of key metrics and information to help investors, banks and corporates better identify, invest, and assess exposure to bonds earmarked for sustainable initiatives.
The expanded offering from S&P Global Market Intelligence covers over 11,000 global Government, Supranational, Agency and Corporate (GSAC) bonds in over 60 currencies. Providing greater transparency, the dataset includes details such as key performance indicators (KPI), sustainability performance targets (SPT), use of proceeds and sustainable development goals (SDG) alignment. Labels providing granularity into the type of bond such as environmental, social or governance along with second party opinion, provide additional information for effective portfolio creation.
Krishna Shetty, Executive Director, S&P Global Market Intelligence, said, “We are seeing significant interest from global clients looking to invest in sustainability related projects like renewable energy, energy transition, affordable housing, and healthcare. This new dataset will provide increased transparency, clarity, and allow clients to make more informed decisions, meet regulatory requirements and monitor exposure in this increasingly growing market.”
With the addition of sustainability fields, users will be able to perform instrument screening, portfolio construction, as well as comply with reporting and labeling for regulations, such as UK Sustainability Disclosure Requirements (SDR) and EU Sustainable Finance Disclosure Regulation (SFDR), all while mobilizing capital towards social and sustainability investment.
The expanded Bond Reference Data offering will also complement existing corporate and sovereign bond pricing service and can be combined with S&P Global S1’s company level ESG scores. S&P Global Market Intelligence’s Bond Reference Data powers intraday and end of day pricing on 2.9 million active global securities across GSAC, municipal, and securitized products, with customizable delivery mechanisms.
The post S&P Global Market Intelligence expands Reference Bond Data with addition of Sustainability granularity appeared first on HIPTHER Alerts.

 
Electric Scooter Market is projected to grow from USD 4.3 billion in 2024 to USD 12.4 billion by 2030, registering a CAGR of 18.9%, according to a new report by MarketsandMarkets. The global market for electric scooters is experiencing significant growth, driven by a combination of environmental, economic, and technological factors. Increasing environmental awareness and stringent government regulations to reduce emissions have prompted consumers and manufacturers to adopt more sustainable transportation options. Advances in battery technology have enhanced the performance, range, and charging efficiency of electric two-wheelers, making them more practical and appealing. Additionally, integrating smart technologies, such as GPS and IoT connectivity, has improved the user experience, while the rise of shared mobility services has expanded their accessibility and convenience in urban areas. These developments and substantial investments from major automotive companies and startups propel the widespread adoption and growth of electric scooters worldwide.

Download an Illustrative overview: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=142827777
Browse in-depth TOC on “Electric Scooter Market“
385 – Tables74 – Figures381 – Pages
Electric Scooter Market Scope:

Report Coverage

Details

Market Revenue in 2024

USD 4.3 billion

Estimated Value by 2030

USD 12.4 billion

Growth Rate

Poised to grow at a CAGR of 18.9%

Market Size Available for

2019–2030

Forecast Period

2024-2030

Forecast Units

Value (USD Billion)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

Vehicle type, Motor Power, Motor type, Battery Type, Usage, Technology Type, Voltage Type, Distance Covered, Vehicle Class and Region

Geographies Covered

Asia Pacific, Europe, and North America

Report Highlights

Updated financial information / product portfolio of players

Key Market Opportunities

Government bodies backing electric two-wheelers

Key Market Drivers

Advancement in Battery Technology

The 1.5–3 kW segment to show a significant growth rate during the forecast period.
The less than 100 kW market is projected to register a CAGR of 19.2% during the forecast period. The power output of medium-power electric scooters and motorcycles ranges from 1.5 kW -3 kW. As these scooters and motorcycles run with a motor that provides decent power output and efficient speed, electric scooters and motorcycles with this motor usage are expected to grow considerably during the forecast period. This power range strikes a balance between performance and efficiency, offering users enhanced capabilities without sacrificing energy conservation or affordability. These scooters are well-suited for navigating both city streets and suburban roads, providing users with a reliable and convenient mode of transportation for various daily needs. One of the key advantages of electric scooters in this power range is their improved performance compared to lower-powered models. With motor outputs between 1.5 kW and 3 kW, these scooters offer faster acceleration and higher top speeds, making them more suitable for longer commutes and handling diverse urban terrain. This increased power allows riders to maintain higher speeds and easily navigate inclines, enhancing overall ride comfort and efficiency. Manufacturers worldwide offer different vehicle models in a 1.5 kW – 3 kW motor power range. Gogoro (Taiwan) offer Gogoro CrossOver GX250 electric scooter with a 2.5 kW direct drive motor that can reach speeds of over 60 kmph and has a range of 111 km. Additionally, Greaves Electric Mobility Private Limited (India), Yadea Technology Group Co., Ltd. (China), and Niu International (China) offer Ampere Magnus EX with 2.1 kW, Yadea E8S with 2.0 kW, and NQiGT S with 3.5 kW motor power, respectively.
“The commercial use of electric scooter is expected to show significant growth during the forecast period.”
Fleet owners delivering goods and services to their customers increasingly rely on electric scooters and motorcycles. Electric two-wheelers often come equipped with advanced telematics and fleet management systems. These technologies enable real-time tracking, route optimization, and efficient fleet management, improving delivery efficiency. Businesses can monitor vehicle performance, schedule maintenance, and analyze data to optimize operations. Using electric scooters/mopeds and motorcycles can significantly reduce delivery costs and improve profitability. Meal delivery companies across the globe use electric scooters. For instance, in December 2023, Uber Eats (US) partnered with Gogoro (Taiwan) for Green Delivery Program. The partnership is word USD 30 million. Uber Eats delivery partners will receive discounts on new Gogoro Smartscooters and battery swapping programs and be given incentives for deliveries on Gogoro Smartscooters. Through the program, Uber Eats expects EV deliveries in Taiwan to double from nearly 20% to 40% by the end of 2025. Also increasing fuel prices, the need to rationalize costs, favorable government policies, and rising awareness of emission-free vehicles would boost the adoption of electric scooters for commercial use in the forecasted period.
Europe is expected to become second largest growing market for electric scooter during the forecast period.
Europe is home to many electric two-wheeler manufacturing companies, such as Silence Urban Ecomobility (Spain), Energica Motor Company (Italy), GOVECS (Germany), and Piaggio (Italy). The automotive industry is one of the key contributors to Europe’s economy. The increasing concerns over carbon emissions by conventional ICE two-wheelers and efficiency in this mode of travel have led European two-wheeler manufacturers to develop electric scooters and motorcycles. Government initiatives have encouraged the key players in the market to develop advanced electric two-wheelers and the infrastructure for charging facilities. The rising demand for electric two-wheelers has allowed new players to increase their regional presence. In April 2024, British e-scooter manufacturer Swifty Scooters launched the UK’s first road-legal e-scooter – the GO GT500. Honda Motor Co., Ltd. (Japan) launched its first electric two-wheeler for Europe, the EM1 e, in May 2023. The vehicle uses Honda’s Power Pack swappable battery technology. Ultraviolette Automotive’s (India) F77 electric motorcycle is scheduled to be available in Europe in the second quarter of 2024.
Governments of various European countries are subsidizing electric infrastructure, and the focus will continue to be on electric vehicles in the long run. The EU’s charging network is growing faster than the EV fleet, and most countries already have enough infrastructure to comply with the Alternative Fuels Infrastructure Regulation (AFIR) in 2024. Eight countries are expected to meet their 2025 targets, and many are close to meeting their 2026 targets. However, the EU’s charging network still needs to quadruple by 2030. Hence, the electric scooter market in Europe will grow in the future.
Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=142827777
Electric Scooter Market Dynamics:
Drivers:
1. Advancement in Battery Technology
Restraints:
1. Battery heating issues and long charging time
Opportunities:
1. Government bodies backing electric two-wheelers
Challenge:
1. Technological barriers related to battery development
Key Market Players Electric Scooter Industry:
Prominent players in the Electric Scooter Market include Yadea Technology Group Co., Ltd. (China), Ola Electric (India), TVS Motor Company (India), Ather Energy (India), Gogoro (Taiwan) and others.
The break-down of primary participants is as mentioned below:

By Company Type: OEMs – 30%, Tier I – 30%, Tier II– 40%,
By Designation: CXOs – 35%, Directors– 20%, Others– 45%
By Region: North America– 15%, Europe – 15%, Asia Pacific– 70%

Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=142827777
Electric Scooter Industry Recent Developments:

In April 2024, Ola Electric launched the S1 X scooter range, which includes 2 kWh, 3 kWh, and 4 kWh variants. The S1 X 4 kWh has a range of 190 km and can go from 0 to 14 km/h in 3.3 seconds.
In April 2024, Ather Energy introduced the Ather Rizta electric scooter with a 2.9 kWh battery, offering a range of 123 km.
In March 2024, Yadea Technology Group Co., Ltd. announced its plan to invest 352.0 million yuan (USD 49.4 million) to acquire the entire shares of Wuxi Lingbo Electronic Technology Co., Ltd., which specializes in the research, development, manufacturing, and sales of intelligent control system solutions. This acquisition will strengthen Yadea’s technical capability and supply chain vertical integration in the electric two-wheeler industry, develop global markets, and lower production costs.

Electric Scooter Market Size – Key Benefits of Buying the Report:

The report will help market leaders/new entrants in this market with information on the closest approximations of revenue numbers for the overall electric scooter market and its subsegments.
This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies.
The report also helps stakeholders understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.

This report provides insights on:

Analysis of key drivers (Rising environmental concerns, Government incentives and subsidies, Advancements in battery technology, Implementation of battery swapping technology, Rapid urbanization), restraints (Low number of charging stations in emerging economies, Lack of power output and limited range, Battery heating issues and long charging time), opportunities (Government bodies backing electric two-wheelers, Decreasing prices of batteries, New revenue pockets in Asia Pacific and Europe, Use of IoT and smart infrastructure in electric two-wheeler charging stations for load management), and challenges (Initial investments and high cost of electricity, Lack of compatibility, interchangeability, and standardization, Technological barriers related to battery development)
Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the electric scooter market
Market Development: Comprehensive information about lucrative markets – the report analyses the electric scooter market across varied regions
Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the electric scooter market
Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players like Yadea Technology Group Co., Ltd. (China), Ola Electric (India), TVS Motor Company (India), Ather Energy (India), Gogoro (Taiwan) and among others in the electric scooter market.
Strategies: The report also helps stakeholders understand the pulse of the automotive airbags & seatbelts market and provides them information on key market drivers, restraints, challenges, and opportunities.

Related Reports:
Ebike Market – Global Forecast to 2030
Acoustic Vehicle Alerting System Market – Global Forecast to 2027
Vehicle Control Unit Market – Global Forecast to 2027
Low-Carbon Propulsion Market – Global Forecast to 2027
Get access to the latest updates on Electric Scooter Companies and Electric Scooter Industry Growth

The post Electric Scooter Market worth $12.4 billion by 2030 | MarketsandMarkets appeared first on HIPTHER Alerts.