BizTechReports Features Insights from Gartner, Frost & Sullivan, and ABI Research
Latest Analyst Roundup Offers Analyst Perspectives on: AI, ML, IoT, Automotive Aftermarket and Supply Chain.
In a recent report, Gartner states that chief supply chain officers (CSCOs) must strategically mitigate disruptions to their supply chains by reducing their surface areas. Gartner defines supply chain surface areas as the sum of all the products, processes and networks that compose the supply chain today and represent touchpoints that risk events can have with the supply chain. For more information, please visit: https://www.biztechreports.com/
The global automotive aftermarket will gather momentum this year as a slowdown in new vehicle sales due to the impact of COVID-19 and aging vehicle parc -- the number of cars and other vehicles in a region or market. According to Frost & Sullivan, the market will garner $478.8 billion by 2025 -- up from $362.21 billion in 2020. This represents a compound annual growth rate (CAGR) increase of 5.7%. To read more, please visit: https://www.biztechreports.com/
Additionally, worldwide IT spending is projected to total $4.2 trillion by the end 2021, an increase of 8.6% from 2020, according to the latest forecast by Gartner, Inc. Companies are investing in IT tools that will support innovation, anywhere operations, and employee productivity as the world recovers from COVID-19. To read more, please visit: https://www.biztechreports.com/
As the world opens back up, Internet of Things (IoT) analytics development is fully converging with the big data domain. The value in the technology stack is shifting from hardware and middleware to analytics and value-added services, such as machine-learning (ML) and artificial intelligence (AI). ABI Research reports ML and AI services are estimated to grow within the IoT domain at a CAGR of nearly 40%, reaching $3.6 billion in 2026. To read more, please visit: https://www.biztechreports.com/
BizTechReports is a syndicated independent reporting agency with offices in the Washington, D.C. area that is dedicated to covering the researchers, analysts, consultants and industry influencers who report on the new developments that are making a difference with how it is that we live our digital lives.