News provided by Technavio Feb 11, 2025, 04:48 ET NEW YORK, Feb. 11, 2025 /PRNewswire/ — Report with the AI impact on market trends – The logistics market in Europe and it is set to grow by USD 48.4 billion from 2025 to 2029. However, the growth momentum will progressing at a CAGR of 3.4% during the forecast period, according to Technavio. The logistics market in Europe is fragmented, and the vendors are seeking strong partnerships with automotive, industrial, and commercial companies to compete in the market. AP Moller Maersk AS, BDP International Inc., Bertelsmann SE and Co. KGaA, Bollore SE, C H Robinson Worldwide Inc., CEVA Logistics SA,…
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News provided by Technavio Feb 10, 2025, 10:17 ET NEW YORK, Feb. 10, 2025 /PRNewswire/ — Report with the AI impact on market trends – The IT market in saudi arabia size is estimated to grow by USD 5.6 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of 6.9% during the forecast period. Launch of national transformation program is driving market growth, with a trend towards increasing adoption of e-governance. However, increasing threat of cyber crimes poses a challenge. Key market players include Accenture PLC, Al Moammar Information Systems Co., Amazon.com Inc., AT and T Inc., Cisco Systems Inc., Cognizant Technology Solutions Corp.,…
News provided by Infiniti Research, Inc. Feb 10, 2025, 04:26 ET NEW YORK, Feb. 10, 2025 /PRNewswire/ — Report with market evolution powered by AI – The global chatbot market size is estimated to grow by USD 9.6 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of 42.9% during the forecast period. Several benefits associated with using chatbots solutions is driving market growth, with a trend towards integration of chatbots with communication channels. However, lack of awareness and standardization of chatbot services poses a challenge. Key market players include 247.ai Inc., Acuvate, Aivo, Amazon.com Inc., Avaamo Inc., Botsify, Conversica Inc., Creative Virtual Ltd.,…
News provided by Technavio Feb 10, 2025, 04:37 ET NEW YORK , Feb. 10, 2025 /PRNewswire/ — Report on how AI is driving market transformation – The global document scanner market size is estimated to grow by USD 4.8 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of 6.6% during the forecast period. Enhance the security of data is driving market growth, with a trend towards integration of document scanner with cloud. However, increase in capital and operational expenditure poses a challenge. Key market players include Avision Inc., Best IT World India Pvt. Ltd., Brother Industries Ltd., Canon Inc., FUJIFILM Holdings Corp., Fujitsu Ltd.,…
News provided by Thomson Reuters Feb 10, 2025, 08:00 ET TORONTO, Feb. 10, 2025 /PRNewswire/ — Thomson Reuters (NYSE/TSX: TRI), a global content and technology company, today announced the launch of its second Corporate Venture Capital Fund, valued at $150 million. Building on the success of its first $100 million fund, launched in 2021, Fund 2 reaffirms the company’s commitment to driving innovation and delivering customer value. Continuing to operate under the name Thomson Reuters Ventures, Fund 2 will focus on early-stage technology companies across Legal Technology, Tax & Accounting, Fintech, Risk Fraud & Compliance, and News & Media markets. Thomson Reuters Ventures will continue to invest…
News provided by Technavio Feb 05, 2025, 01:19 ET NEW YORK, Feb. 5, 2025 /PRNewswire/ — Report with the AI impact on market trends – The global wearable technology market size is estimated to grow by USD 99.4 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of over 17.3% during the forecast period. Popularity of wearable devices as a payment method is driving market growth, with a trend towards development of low-power electronics. However, rising penetration of counterfeit products poses a challenge. Key market players include Apple Inc., ASUSTeK Computer Inc., BAE Systems Plc, CINOPTICS, Citizen Watch Co. Ltd., Elbit Systems Ltd., Garmin Ltd.,…
News provided by Technavio Feb 05, 2025, 01:30 ET NEW YORK, Feb. 5, 2025 /PRNewswire/ — Report with market evolution powered by AI – The global managed services market size is estimated to grow by USD 217 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of 11.3% during the forecast period. Increased adoption of iot solutions is driving market growth, with a trend towards advent of big data and analytics services. However, data privacy and security risks in cloud-based services poses a challenge. Key market players include Accenture PLC, ALE International, Amazon.com Inc., Atos SE, BMC Software Inc., Capgemini Services SAS, Cisco Systems…
News provided by Technavio Feb 05, 2025, 01:41 ET NEW YORK, Feb. 5, 2025 /PRNewswire/ — Report on how AI is driving market transformation – The global ccaas market size is estimated to grow by USD 7.58 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of 19.4% during the forecast period. Increasing adoption of cloud-based offerings is driving market growth, with a trend towards growing demand for social interaction. However, increased risks related to data security and privacy poses a challenge. Key market players include 3CLogic Inc., 8×8 Inc., Alvaria Inc., Atos SE, Avaya LLC, Capgemini Services SAS, China Huaxin…
News provided by Ericsson Feb 05, 2025, 02:48 ET STOCKHOLM, Feb. 5, 2025 /PRNewswire/ — Ericsson (NASDAQ: ERIC) today announces the appointment of Charlotte Levert as its new Chief People Officer, Senior Vice President, and Head of Group Function People. Charlotte Levert who is currently Vice President and Head of People Business Area Cloud and Software Services will replace MajBritt Arfert, whose departure Ericsson announced in October 2024. Charlotte Levert will take up her new position on February 10 and will be based in Sweden. Charlotte Levert has held executive positions within Ericsson across several business areas. She has most recently held the position of Head of People Business Area Managed Services. Before joining Ericsson, Charlotte…
News provided by Technavio Feb 05, 2025, 02:53 ET NEW YORK, Feb. 5, 2025 /PRNewswire/ — Report with market evolution powered by AI – The global software-defined wide area network (sd-wan) market size is estimated to grow by USD 13.66 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 29.02% during the forecast period. Rising demand for cloud solutions is driving market growth, with a trend towards optimization of networks using advanced technologies such as AI. However, implementation challenges in sd-wan poses a challenge. Key market players include BT, Cisco, Citrix, Ciena, Colt Technology Services, Epsilon Telecommunications, Extreme Networks, Fortinet, Hewlett Packard Enterprise,…