#IoT Insurance industry

[strangemusictriumph]

IoT Insurance Market - Forecast (2022 - 2027)

The Global market for Iot Insurance is forecast to reach $3,123.3 million by 2026, growing at a CAGR of 18.7% from 2021 to 2026. IoT-Connected insurance uses the data from internet-connected devices and telematics to improve the understanding of risks. It is a new approach that is based on use of sensors and digital technologies to monitor the state of an insured risk transforming rough data in usable and actionable information. Advances in IoT insurance can improve the productivity, overall profitability of the business and the risk profile of the portfolio. Through IoT, insurers can better connect with customers adding important touch points in particularly sensitive phases like acquisitions and claims. It is observed that automation can cut the cost of the claims process by as much as 30% and IoT connected devices have helped some life insurance and health insurance companies lower their premiums by as much as 25%.

Report Coverage

The report: “Iot Insurance Market– Forecast (2021-2026)”, by IndustryARC covers an in-depth analysis of the following segments of the Iot Insurance market. By Type – Health Insurance, Life Insurance, Property and Casualty Insurance and Others. By Application – Life and Health Insurance, Home and Commercial Buildings, Automotive and Transportation, Business and Enterprise, Consumer Electronics and Industrial Machines, Travel, Agriculture and Others. By Geography - North America (U.S, Canada, Mexico), South America(Brazil, Argentina and others), Europe (Germany, UK, France, Italy, Spain, Russia and Others), APAC(China, Japan India, SK, Aus and Others), and RoW (Middle East and Africa)

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Key Takeaways

Advances in IoT insurance can improve the productivity, overall profitability of the business and the risk profile of the portfolio.

IoT technology presents opportunities for insurers to reduce and mitigate losses, improve underwriting and enhance personalization of products and services.

Automation in insurance can cut the cost of claims process by as much as 30%

North-America is expected to hold a significant share in the IoT Insurance market due to growing awareness and faster adoption of IoT technology.

IoT Insurance Market Segment Analysis - By Type

The most important type of insurances are life insurance and health insurance which accounted for 44% share combined in 2020. Life insurance is something that pays out a sum of money either on the death of the insured person or after a set period. On the other hand health insurance covers the cost of hospitalization, visits to the doctor’s office and prescription medicines. The rising usage of digital technologies in this sector will drive market growth.

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IoT Insurance Market Segment Analysis - By Application

IoT insurance is applicable to almost all industries like automobile, manufacturing, agriculture, healthcare, hospitality, retail, finance, transportation and smart homes and buildings. Automotive industry is one of the industries most benefited after introduction of IoT. IoT devices such as in-car sensors, smartphones, and smart appliances can send insurers data on product usage and driving habits among other behaviours. In turn, this data will be fed into AI algorithms that allow insurers to offer risk based pricing and other popular services.

IoT Insurance Market Segment Analysis – By Geography

North America held the largest market share at 35% in 2020 among regional markets due to increasing awareness and rapid implementation of IoT in various industries in countries in this region. In addition, rising use of smart devices which deliver real-time insights to allow insurance companies in this region develop advanced insurance solutions. And also presence of international players in this region such as Google LLC, Microsoft Corporation, IBM and other drives the market in this region.

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Iot Insurance Market Drivers

Mitigation of risk

In traditional method, insurers have used proxy data to identify the risk of loss for an asset. Internet of things (IoT) gives insurers access to real-time, individual, observable data on an asset’s risk of loss. This data is directly actionable for risk pricing and mitigation. IoT sensors monitor the behavior and actions which are causative of risk so that insurers can create algorithms based on observed behavior directly to pricing models. In this way insurers can similarly leverage this data for risk mitigation by providing timely and specific feedback to customers.

Rising demand for cloud services

The insurance industries dealing with huge volumes of sensitive data and documents are ready to integrate cloud technology in to their digital eco system. It enables insurers to use their IT resources more efficiently, reducing the cost of acquiring and maintaining infrastructure. Cloud based applications change the way of creating and delivering their products and services, managing risks and claims, collaborating with channel members and partners and communicating with customers, agents and brokers. Thus, cloud services in the insurance industry helps drive the market growth.

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Iot Insurance Market Challenges

Data privacy and security

Data privacy and security is utmost important when it comes to technology. IoT comes along with cyber-risks, in fact, much more than any other technology. Meaningful customer engagement would require the insurer to collect and process data at each point, facilitated by IoT. Without establishing the trust it would be difficult to obtain personal data from customers. A significant amount of data is generated from the application of connected devices from wearable devices to connected homes and telematics devices in smart vehicles. Most of the customers are skeptical about their personal data remains secured and how it is utilized by insurers.

Iot Insurance Market Landscape

Product launches, acquisitions, and R&D activities are key strategies adopted by players in the Iot Insurance market. The Iot Insurance market is dominated by major companies such IBM Corporation, SAP SE, Oracle Corporation, Google Inc., Microsoft Corporation, Cisco Systems Inc., Accenture PLC, Verisk Analytics Inc., Concirrus, LexisNexis.

Acquisitions/Technology Launches/Partnerships

In Oct 2020, LexisNexis and Yonomi Smart Home have joined forces to develop an innovative turnkey home insurance internet of things (IoT) solution. It includes a smartphone app that participating policy holders can download the app which uses smartphone and device sensors to find common IoT devices in the home, which creates a data feed to LexisNexis risk sloutions.

In May 2019, Concirrus and willis Re, has entered in to strategic partnership to transform speciality re-insurance products by leveraging data from internet of things (IoT).

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[bizzopp2024]

How are startups disrupting traditional industries?

Startups are often at the forefront of disrupting traditional industries by introducing innovative technologies, business models, and approaches. Here are several ways in which startups are causing disruption:

1. Technology Integration

   - Startups leverage emerging technologies such as artificial intelligence, blockchain, and the Internet of Things to create more efficient and streamlined processes in industries like finance, healthcare, and manufacturing.

2. E-Commerce and Direct-to-Consumer Models

   - E-commerce startups have revolutionized retail by providing direct-to-consumer sales channels, cutting out intermediaries and reducing costs. Companies like Amazon and Alibaba have transformed the way people shop.

3. Sharing Economy

   - Startups in the sharing economy, like Uber and Airbnb, have disrupted transportation and hospitality industries by connecting service providers directly with consumers through online platforms.

4. Fintech Innovation

   - Fintech startups have transformed the financial services sector by introducing digital payments, robo-advisors, crowdfunding platforms, and blockchain-based solutions, challenging traditional banking models.

5. HealthTech Advancements

   - Health technology startups are disrupting healthcare by introducing telemedicine, personalized medicine, wearable devices, and digital health platforms, making healthcare more accessible and efficient.

6. Renewable Energy and CleanTech

   - Startups in the clean energy sector are disrupting traditional energy industries by developing innovative solutions for renewable energy, energy storage, and sustainable practices.

7. EdTech Revolution

   - Education technology startups are changing the way people learn by offering online courses, interactive platforms, and personalized learning experiences, challenging traditional educational institutions.

8. AgTech and FoodTech

   - Agricultural technology startups are improving efficiency and sustainability in farming, while food technology startups are introducing alternative proteins, lab-grown meat, and sustainable food production methods.

9. InsurTech Transformation

   - InsurTech startups are leveraging technology to streamline and personalize insurance processes, making insurance more accessible, affordable, and customer-centric.

10. Space Exploration and Aerospace Innovation

    - Startups in the space industry are disrupting aerospace by developing cost-effective satellite technologies, commercial space travel, and new approaches to space exploration.

11. Smart Manufacturing

    - Startups in the manufacturing sector are implementing Industry 4.0 technologies, such as automation, IoT, and data analytics, to create more agile and efficient production processes.

12. Telecommunications Disruption

    - Telecom startups are challenging traditional telecommunications companies by providing innovative solutions for connectivity, communication, and data transfer.

These examples showcase how startups are challenging the status quo across various industries, prompting established companies to adapt, innovate, or risk becoming obsolete. The agility, creativity, and willingness to take risks inherent in many startups enable them to drive significant changes in traditional business landscapes.

[versatileitsol]

Benefits of IoT Applications In The Healthcare Industry

New technologies are quickly filling up the healthcare sector. The ability of hospitals, doctors, and service providers to provide high-quality healthcare services in order to enhance patient outcomes is constrained by escalating healthcare difficulties, such as the growth in chronic illnesses and the aging global population.

They have come to the doors of cutting-edge technologies like the Internet of Things (IoT), artificial intelligence, machine learning, and data analytics as a result of these issues. IoT is the one that has the most caught the eye of healthcare service providers.

What does IoT mean for Healthcare?

IoT solutions for healthcare are being implemented or are being researched by more than 60% of healthcare companies globally. In the upcoming years, a large rise in the number of individuals and healthcare professionals adopting IoT-connected devices for health monitoring is anticipated. Some of the issues that have arisen in healthcare throughout the years may be resolved by the Internet of Things. For example, low rates of drug compliance, a lack of instruments for treatment management, poor patient monitoring, and a professional skills gap.

Benefits of IoT Applications in the Healthcare Industry

Smartens Up Hospitals

The use of IoT in healthcare allows for continuous and precise patient health tracking. In addition to this, there are a number of other ways that IoT improves the performance of the healthcare sector. Asset management represents one of the components. Wheelchairs, oxygen concentrators, defibrillators,  nebulizers, and other monitoring devices are all regularly tracked to know where they are in real time. These IoT sensors enable hospital administrators to track their real-time whereabouts in a matter of minutes.

Transparency of Insurance Claims

One of the upcoming significant things is likely to be the expanding healthcare regulations combined with IoT connection. Why? This is due to the fact that many people make up medical conditions in order to get the most out of their insurance money. It implies that the insurance company will suffer a loss. As a result, insurance firms may use the data collected through top-notch health monitoring devices for underwriting and claim procedures due to the clear validity of the IoT-driven data. Such methods would make it simple to identify fraudulent claims. The insurer will thereafter be able to locate unsuitable applicants for underwriting.

Maintains A Record Of Your Patients

These days, wearables as well as other smart sensing technology allow doctors or personal nurses to evaluate the health of their patients remotely. The IoT sensors built into this equipment let the doctors follow the patient’s medical diagnostic state efficiently. It is simple to organize the patient’s treatment program and to keep an eye out for those who need emergency medical attention. Many patients at a hospital are in need of various types of medical care.

IoT makes it easier to maintain an organized and hassle-free database of each patient’s prior medical history, present medical needs, and potential future medical support.

Supports Medical Research

Medical research takes many years to complete, and IoT may greatly speed up this process. It is as a result of the data on medical conditions that may be utilised for statistical analysis. As a result, IoT not only reduces research time but also associated costs, making it possible for larger and more effective medical research and therapies.

Wearables are now the most popular smart gadgets in use for healthcare. However, they are not the most helpful when it comes to research labs. Modern laboratories need sophisticated monitoring equipment that can keep an eye on anything from lab temperature to CO2 leakage. The appropriate authorities are informed right away if any irregularity is found.

Creating Healthier Cities

Almost over half of the world’s population lives in cities, which are remarkably diverse systems. Millions of people live happy lives, choosing modes of transportation, sitting in traffic, and bike riding through parks. The addition of weather to this already complicated mix of individual and group activity results in more intricate patterns of air quality that alter daily.

We require real-time information on all scales in order to comprehend the patterns of air quality throughout the cities and how they influence the urban population. Here, IoT systems deliver real-time data from various points around the cities, pointing towards smart city initiatives. The decision-makers for creating healthier cities will be better equipped with a higher resolution image of the air quality.

How Cost-Effectively Can IoT Healthcare Solutions Be Implemented?

IoT in healthcare ultimately aims to improve patient health, empower medical professionals, and reduce costs for everyone involved. You may create a low-cost IoT sensor network with a dependable technology partner.

Reduced expenditures, clearly defined roles and functionality for sensors, and sending and receiving data only when necessary are just a few of the foundations of cost efficiency that may be used to the creation of IoT apps for healthcare. In order to accomplish all of this, you must work with your technology partner to design an efficient IoT app development strategy and application architecture.

IoT In Your Health Sector?

In conclusion, we can say with certainty that IoT has fundamentally altered the healthcare sector. With the exception of the Internet of Things, among the most important industrial areas is healthcare. Additionally, the delivery of services and facilities in the healthcare industry has altered as a result of IoT app development.

Hire IoT developers, set up a project, and take a step towards creating the healthcare of the future if you want to take advantage of this change. There are several reputable IoT development businesses that have been offering a variety of IoT development services, but very few of them consistently meet or exceed customer expectations.

Versatile Mobitech has skilled IoT developers that are now working on several IoT-based healthcare software projects.

For a FREE consultation, Visit Versatile Mobitech

[infograins]

The Future of Blockchain Development: Key Industries Poised for Transformation

 As blockchain technology advances, it is reshaping industries across the globe by offering unparalleled security, transparency, and efficiency. Infograins, a leading blockchain development company in India, is at the forefront of this transformation, providing tailored blockchain solutions to clients worldwide. In this blog, we explore the current and future landscape of blockchain development and the sectors where blockchain's impact will be most profound.

1. The Evolution of Blockchain Development

Blockchain development has evolved from cryptocurrency transactions to comprehensive applications across multiple sectors. Its primary attributes—decentralization, immutability, and transparency—have made it indispensable for secure digital transactions and data management. Today, developers are building solutions that go beyond digital currency, including decentralized applications (dApps), tokenized assets, and permissioned blockchains for enterprises.

2. Future Trends in Blockchain Development

Scalability and Performance: As adoption grows, so does the need for scalability. Future blockchain networks will likely address performance and transaction speed challenges, using solutions like Layer-2 scaling, sharding, and improved consensus mechanisms.

Interoperability: Blockchains currently function in silos, limiting cross-platform transactions. Interoperability solutions will connect different blockchains, allowing seamless data and asset transfers across networks, which will be vital for industries with diverse data ecosystems.

Increased Decentralized Finance (DeFi) Applications: DeFi is transforming the financial landscape, and future advancements will further enable decentralized lending, borrowing, and insurance services. Blockchain’s use in decentralized finance is expected to grow exponentially, offering transparent, permissionless financial products.

Integration with AI and IoT: Blockchain will enhance artificial intelligence and IoT by providing secure, transparent data storage. As IoT devices generate vast amounts of data, blockchain ensures data authenticity and ownership, facilitating the development of autonomous systems across industries.

3. Industries Set to Benefit from Blockchain Development

Finance and Banking

The financial sector was the first to recognize blockchain’s potential. Blockchain development in this industry streamlines cross-border transactions, eliminates intermediaries, and reduces costs. As DeFi matures, we will see more decentralized banking solutions, democratizing financial access globally.

Healthcare

Healthcare is another sector primed for blockchain integration. Blockchain can secure patient data, enable accurate health record sharing, and facilitate medical supply chain transparency. As healthcare shifts toward digital health records, blockchain will protect patient privacy while improving data interoperability.

Supply Chain and Logistics

Blockchain’s transparency and traceability are critical for supply chains, where verifying the origin of goods is essential. Blockchain enables real-time tracking, ensuring that products are authentic and tamper-free. This technology will be instrumental for industries like pharmaceuticals, agriculture, and luxury goods, where authenticity and traceability are paramount.

Government and Public Sector

Governments worldwide are exploring blockchain for transparent voting systems, secure identity verification, and efficient public records management. Blockchain reduces bureaucratic red tape and increases data security, providing a tamper-proof system for various public sector services.

Real Estate

Blockchain facilitates property transactions by digitizing assets and reducing the need for intermediaries. Smart contracts can automatically transfer property ownership upon payment, making real estate transactions faster and more secure. Tokenization in real estate also allows fractional ownership, opening the market to more investors.

Education

In education, blockchain technology enables secure storage of academic records, certifications, and credentials. Blockchain can also streamline the student application process and verify degrees and qualifications, reducing administrative costs.

Energy

Blockchain development is making strides in the energy sector, enabling decentralized energy trading and peer-to-peer energy exchanges. By promoting transparent and secure transactions, blockchain helps optimize energy consumption and integrate renewable energy sources.

4. The Role of Infograins in the Blockchain Revolution

Infograins, as a premier blockchain development company in India, is dedicated to guiding businesses through the blockchain revolution. We specialize in creating custom blockchain solutions tailored to your industry needs. From secure supply chain applications to advanced financial services, our blockchain expertise helps businesses unlock their potential in the digital era.

Conclusion

Blockchain’s future is full of possibilities as it continues to drive innovation across various industries. By reducing costs, increasing security, and enhancing transparency, blockchain technology is poised to become a fundamental infrastructure for the digital economy. At Infograins, we look forward to shaping this future alongside our clients, leveraging blockchain to create a secure, connected world. Whether you're in finance, healthcare, real estate, or beyond, Infograins is here to transform your vision into reality

[vivek-1013]

IT companies in coimbatore : hiring freshers

Coimbatore, traditionally known for its textile industry and engineering expertise, has gradually transformed into one of the fastest-growing technology hubs in South India. Often overshadowed by neighboring tech cities like Chennai and Bangalore, IT companies in Coimbatore has carved its own niche within the information technology (IT) sector. With a unique blend of economic stability, skilled labor, and improving infrastructure, Coimbatore has been drawing attention from tech startups, established companies, and global outsourcing firms alike.

Why Coimbatore?

Coimbatore offers an appealing ecosystem for IT companies to thrive. Here are a few reasons why this city has gained traction:

Affordable Infrastructure and Low Operational Costs: One of the biggest advantages Coimbatore offers to businesses is its comparatively low cost of living and affordable infrastructure. This factor makes the city highly attractive to companies looking to cut down on operational costs, while still maintaining quality and efficiency.

Skilled Talent Pool: Coimbatore is home to numerous reputable engineering and management institutions, including PSG College of Technology, Amrita Vishwa Vidyapeetham, and Coimbatore Institute of Technology. Every year, these institutions produce a large number of qualified graduates, ready to enter the workforce. This locally available talent pool has allowed the city’s IT industry to scale without relying heavily on imported labor.

Ease of Connectivity: Coimbatore’s international airport connects the city to major hubs like Chennai, Bangalore, and Hyderabad, as well as to cities in the Middle East and Southeast Asia. Good road connectivity with other parts of Tamil Nadu and Kerala also facilitates easier movement of goods and people, creating a positive business environment for IT companies.

Government Support and SEZs: The Tamil Nadu government has been supportive of the growth of IT companies in Coimbatore, introducing policies that encourage companies to invest in the region. Special Economic Zones (SEZs) like the TIDEL Park Coimbatore IT Park provide tax benefits, ready-to-use office spaces, and other facilities aimed at fostering growth.

Key Players IT companies in Coimbatore’s

Vee Technologies :A global services company, Vee Technologies specializes in providing IT solutions and business process services across sectors such as healthcare, insurance, finance, and engineering. Its focus on data analytics and digital transformation has made it a valuable player in the outsourcing industry.

Payoda Technologies : Offering end-to-end technology solutions, Payoda Technologies supports businesses through digital transformation, product development, and cloud services. The company’s expertise in data analytics and IoT has enabled it to partner with global clients, particularly in the healthcare and retail sectors

MindMade Technologies : MindMade Technologies specializes in web development, mobile applications, and digital marketing. The company focuses on creating customized solutions for SMEs, helping them establish a robust online presence and optimize operations through technology.

Rency Cyber Labs : With a focus on cybersecurity and digital forensic services, Rency Cyber Labs helps companies secure their data and networks. The company provides a range of solutions, including vulnerability assessments, penetration testing, and threat analysis, catering to businesses of all sizes.

Einnel Technologies : Einnel Technologies offers engineering and IT solutions tailored to the manufacturing sector. Their services include industrial automation, IoT integration, and software development, helping manufacturing firms modernize their processes with cutting-edge technology.

ELCOM Innovations : This tech company provides a wide array of services, including mobile application development, web solutions, and ERP solutions. ELCOM Innovations works with industries like finance, healthcare, and e-commerce, delivering customized software to meet specific industry needs.

ABT Info Systems : Part of the ABT Group, ABT Info Systems focuses on software development, IT infrastructure, and managed services. Known for its ERP and IoT solutions, the company serves diverse industries, from manufacturing to retail, helping streamline their operations.

Photon Interactive : Known for its expertise in mobile application and web development, Photon Interactive works with large enterprises to design and develop digital experiences. The company has a strong focus on retail and e-commerce, delivering user-friendly applications that enhance customer engagement.

Riddhi Tech Solutions : Riddhi Tech Solutions offers IT consulting, software development, and digital marketing services. The company provides ERP solutions for small and medium businesses, helping clients improve their operational efficiency and digital presence.

VinHaze Technologies : Specializing in business automation and cloud computing, VinHaze Technologies provides solutions for sectors like education, healthcare, and logistics. Its cloud-based software allows organizations to manage data, streamline operations, and enhance productivity.

Conclusion :

Coimbatore’s IT sector is full of opportunities for freshers, thanks to a supportive ecosystem of companies and a growing tech community. From MNCs like Cognizant and Bosch to dynamic startups, Coimbatore provides ample options for fresh graduates eager to kickstart their careers. With a focus on learning, networking, and skill development, freshers can build a promising career in this thriving city.

for more info visit us : https://marketinghack4u.com/it-companies-in-coimbatore/

[softloomtraining]

Top Industries for Software Testers and Emerging Job Roles

Introduction

As technology becomes the backbone of modern businesses, the role of software testing has gained unprecedented importance across industries. Ensuring reliable, efficient, and secure software is essential, whether it's for financial transactions, patient records, online shopping experiences, or connected devices in smart cars. The demand for software testers is both vast and specialized, with each industry requiring unique testing expertise to maintain system integrity and user satisfaction. This exploration highlights the top industries hiring software testers, delving into specific job roles, and the emerging, specialized positions that are shaping the future of software testing.

Top Industries for Software Testers

Information Technology (IT) Services and Consulting

IT services are the traditional hub for software testing jobs, where testers work on various software solutions, including web applications, mobile applications, and enterprise solutions.

Job Roles: QA Analyst, Test Automation Engineer, Software Development Engineer in Test (SDET)

Banking, Financial Services, and Insurance (BFSI)

With the rise of digital banking, financial services need robust, secure, and reliable software, requiring extensive testing for compliance and security.

Job Roles: Performance, Security, and Compliance Testers

Healthcare and Pharmaceuticals

Software testing is crucial here to ensure accuracy and reliability, especially for applications managing patient data or supporting diagnostics.

Job Roles: Health IT Tester, Validation Analyst, Clinical Software Tester

E-commerce and Retail

Online shopping platforms depend on seamless user experiences, making functionality, load, and performance testing essential.

Job Roles: User Experience Tester, Functional Tester, Load and Performance Tester

Telecommunications

Telecommunication systems require extensive testing to maintain service reliability and address network performance and security issues.

Job Roles: Network Tester, Mobile Application Tester, Automation Tester

Gaming and Entertainment

With a focus on real-time performance and user engagement, testing is crucial in the gaming industry to avoid crashes and maintain interactivity.

Job Roles: Game Tester, Mobile Game Tester, and Usability Tester

Automotive and Aerospace

As industries shift towards autonomous systems and IoT, software testing becomes critical in ensuring system safety and functionality.

Job Roles: Embedded Software Tester, IoT Tester, Safety-Critical Tester

Education and E-Learning

The growth of online learning platforms requires testing for accessibility, scalability, and content accuracy.

Job Roles: Accessibility Tester, Functional Tester, Content QA Specialist

Emerging Job Roles in Software Testing

Automation Architect

Design and implement automation frameworks that can be scaled across multiple projects or teams.

AI/ML Test Engineer

It focuses on testing AI and machine learning models, ensuring accuracy and bias-free results.

Security Test Engineer

Specializes in penetration testing and vulnerability assessment to safeguard applications from cyber threats.

Cloud Test Engineer

Tests cloud-based applications, focusing on scalability, data security, and performance on cloud infrastructure.

DevOps Test Engineer

Works within DevOps teams, automating CI/CD pipeline testing processes to streamline development and deployment.

Mobile Automation Tester

Specializes in testing mobile applications with automation tools tailored for mobile operating systems.

Big Data Tester

Tests the accuracy and integrity of large datasets, focusing on data processing and validation.

Robotic Process Automation (RPA) Tester

Tests RPA solutions to ensure they work as intended and provide efficiency gains as planned.

Conclusion

In today’s technology-driven world, software testers play a critical role in ensuring that digital systems meet high standards of quality, security, and performance. The diverse industries embracing software testing underline its importance across various domains, from banking and healthcare to gaming and telecommunications. Additionally, the evolution of new job roles like AI/ML Test Engineer, Security Test Engineer, and Cloud Test Engineer showcases how the field is adapting to meet the demands of emerging technologies. As software testing continues to grow, testers equipped with specialized skills will find abundant opportunities, making it an exciting and versatile career path with long-term potential for advancement.

[iotexpo]

Industry trend｜This jeweler founded a technology company to promote the application of RFID in jewelry authentication

In an industry steeped in tradition and luxury, Experloop, a tech company founded by a jeweler, is revolutionizing the jewelry industry with its unique digital solutions. The Singaporean company uses advanced technology to provide a new, secure and convenient way to authenticate and authenticate jewelry.

Michael Koh, founder of Experloop and founder and CEO of Singapore-based premium jewelry retailer Caratel, is well aware of the challenges jewelry buyers face in identifying and authenticating jewelry. Traditional paper certificates and laser serial numbers offer some assurance, but in some cases, such as when the documents are lost or the laser numbers cannot be viewed, these methods are less reliable. Therefore, Koh decided to use his expertise and deep understanding of the jewelry industry to develop a more advanced and reliable solution.

After much deliberation and careful development, Koh finally launched a patent-pending micro RFID chip. This chip is so small that it can be permanently embedded in precious wearable devices such as rings, necklaces and watches, and its exquisite appearance complements the jewelry.

Experloop's chip not only solves the problem of jewelry identification and authentication, but also brings many conveniences to jewelers, insurance companies and jewelry owners. For example, jewelers can use RFID readers to easily confirm the authenticity of products brought into the store; insurance companies can more accurately assess the value of jewelry; and jewelry owners can view and prove the certification and ownership information of their jewelry at any time.

In addition, Experloop's chip is also extremely safe and durable. To ensure that the chip can last the life of the jewelry itself, Experloop has conducted rigorous tests on it, including testing under extreme conditions such as using ultrasonic cleaning technology and cycling the jewelry through a drum 6,000 times. The test results show that the chip is fully capable of withstanding these extreme conditions and maintaining its stability and reliability.

In addition to jewelry authentication and identification applications, Experloop's chip has broader application prospects. Koh envisions that the chip can be used in other high-value small metal products, such as surgical tools, disaster recovery equipment for the wounded, and weapons. In addition, the chip can also be used for payment and loyalty applications, such as connecting the chip to the wearer's payment account to enable contactless payment; or using the chip as a loyalty card to enhance the shopper's experience in the store.

Currently, Koh is actively seeking partnerships with technology companies or investors to distribute the chip and achieve large-scale sales. He has brought the technology to exhibitions in Asia and the United States and demonstrated its uniqueness and broad application prospects to many potential customers. It is believed that in the near future, Experloop's chip will gain more and more recognition in the jewelry industry, bringing a more convenient, safe and reliable way to authenticate, identify and trade jewelry.

This paper is from Ulink Media, Shenzhen, China, the organizer of IOTE EXPO (IoT Expo in China)

[market-insider]

5G In Healthcare Market Strategic Assessment: Market Size, Share, Growth Projections

The global 5G in healthcare market size is expected to reach USD 454.7 billion by 2030, expanding at a CAGR of 40.5% from 2024 to 2030, according to a new report by Grand View Research, Inc. The IoT ecosystem is developing and is expected to enable networks to connect billions of devices. The demand for a real-time network with faster internet access and greater bandwidth has been driven by the development of modern technologies such as artificial intelligence, wired, and wireless communications, and machine learning. Moreover, the market is driven by the increasing demand for wearable medical devices incorporated with 5G technology for real-time remote patient monitoring and the rising acceptance of robotic surgery and telehealth.

5G In Healthcare Market Report Highlights

Hardware segment held the largest revenue share of 70.1% in 2023. The growth is driven by the frequent need for device replacements or upgrades to leverage the latest technologies.

Services segment is anticipated to expand at the fastest CAGR during the forecast period. The growth is driven by the rising demand for enhanced connectivity for medical devices, faster and more reliable data transmission, and the improved mobile broadband and greater frequencies provided by 5G services.

Remote patient monitoring segment accounted for the largest revenue share of over 64.0% in 2023. The growth is driven by the rising geriatric population and increasing demand for remote health checkups.

Connected medical devices segment is expected to register the fastest growth rate from 2024 to 2030. The growth is attributed to increased demand for medical devices by consumers for daily health tracking, a rise in demand for telehealth devices, and the increasing trend of home healthcare.

Healthcare providers segment dominated the market with the largest revenue share in 2023. This growth is attributed to increasing demand for better technologies, the growing use of wearable medical devices with 5G technologies, growing patient volume, and increasing adoption of 5G-based solutions by hospitals and ambulatory care centers.

Healthcare payers segment is anticipated to expand at the fastest growth rate over the forecast period. Payers include both public and commercial insurance companies.

North America 5G in healthcare market dominated globally and accounted for the largest revenue share of 34.5% in 2023.

Asia Pacific 5G in healthcare market is expected to register the fastest growth rate over the forecast period. The growth is attributed to the significant adoption of advanced technologies, enhanced network connectivity, and increased government programs for raising awareness regarding telehealth and the penetration of 5G in the healthcare industry.

For More Details or Sample Copy please visit link @: 5G In Healthcare Market Report

The COVID-19 pandemic had a positive impact on the market owing to the adoption of telehealth and remote patient monitoring by medical professionals, medical institutions, and hospitals during the pandemic to monitor isolated COVID-19 patients and stop the further spread of the virus by monitoring patients through remote patient monitoring methods. Since the integration of several low-power devices is required for patient remote monitoring, 5G services can be effectively used to develop a proper remote monitoring infrastructure for patients. Furthermore, government bodies and hospitals made efforts to deploy 5G during the COVID-19 pandemic. For instance, in February 2020, the U.S. Veterans Affairs (VA) Healthcare System deployed 5G in the hospital to treat patients using remote patient monitoring and promote the use of telemedicine.

The key players are adopting strategies such as partnerships, mergers and acquisitions, product and service launches, agreements, joint ventures, collaborations, and expansion to strengthen their position in the market. In February 2020, China's first 5G-capable remote emergency rescue system was constructed by the Second Affiliated Hospital of Zhejiang University School of Medicine and China Mobile Zhejiang. This system consists of many supporting technologies, including VR immersive diagnosis and therapy, 5G-enabled remote ultrasonography, and a 5G-enabled emergency rescue command center.

List of Key Players of 5G In Healthcare Market

AT&T Inc.

Verizon

China Mobile International Limited

Quectel

Telit Cinterion

TELUS International

Huawei Technologies Co., Ltd.

Cisco Systems, Inc.

Orange

NEC Corporation

For Customized reports or Special Pricing please visit @: 5G In Healthcare Market Analysis Report

We have segmented global 5G in healthcare market report based on component, application, end-use, and region.

[southwesterninsurance]

The future of Southwest Insurance: Trends to watch in 2025

As we approach 2025, the insurance landscape in the southwestern United States is evolving rapidly, particularly in the transportation and logistics sector. Southwestern Insurance, a leader in providing comprehensive coverage solutions, is at the forefront of these changes. 

The Evolution of Cargo Insurance Costs

The Cargo Insurance Cost has always been a significant concern for trucking businesses. In recent years, rising fuel prices, increased demand for freight, and global supply chain disruptions have caused fluctuations in these costs.  

Factors Driving Cargo Insurance Costs

Several factors will impact Cargo Insurance Cost in the coming years:

Supply Chain Complexities: The growing complexity of global supply chains, especially post-pandemic, has increased the likelihood of delays and damaged goods, raising the need for more comprehensive coverage.

The Rise of E-Commerce: As e-commerce continues to thrive, more shipments mean more claims, which could drive up premiums for businesses that transport high volumes of goods.

Climate Change Impact: As climate change intensifies, cargo insurance costs will likely reflect the added risks posed by these events.

The Changing Face of Cargo Insurance Cost

One of the most significant trends we are observing is the fluctuation in Cargo Insurance Cost. As global supply chains become more complex and vulnerable to disruptions, the importance of robust cargo insurance has never been more apparent. 

Technology-Driven Pricing Models

In 2025, we expect to see a more sophisticated approach to determining cargo insurance cost. Advanced data analytics and AI-driven risk assessment tools will allow insurance providers to offer more accurate and personalized pricing. 

Climate Change Impact

The southwestern region is particularly vulnerable to climate-related risks, such as wildfires and extreme weather events. These environmental factors are increasingly influencing Cargo Insurance Cost. 

Last-Mile Delivery Revolution

With the continued growth of e-commerce, last-mile delivery has become a critical focus for logistics companies. This trend is reshaping Cargo Insurance Cost calculations, as the risks associated with urban deliveries differ significantly from long-haul transportation. 

Predictions for 2025

By 2025, advancements in technology, such as real-time tracking and data analytics, may help reduce Cargo Insurance Cost by improving accuracy in risk assessment. Companies that adopt technologies like IoT and AI to track shipments and manage risks proactively could see lower premiums, but those that do not may face rising costs.

Technological Advances in Risk Assessment

Technology will play a key role in transforming the way insurers, including Southwest Insurance, assess risks and determine premiums. The use of telematics, real-time data collection, and artificial intelligence is already making waves, and by 2025, these innovations will become industry standards.

Telematics and AI in Insurance

Telematics: By using telematics systems to monitor driver behavior and vehicle performance, insurers can offer more tailored policies based on real-time data. 

AI-Powered Risk Models: As a result, insurers like Southwest Insurance can fine-tune their policies to better reflect the realities of the trucking industry.

Autonomous and Electric Trucks Impacting Truckers General Liability Insurance

The trucking industry is on the brink of a revolution with the rise of autonomous and electric trucks. These technologies promise to significantly alter the dynamics of the industry, including the need for and structure of Truckers General Liability Insurance.

Autonomous Trucks: A Game Changer

Reduced Accidents: As self-driving technology improves, we may see a reduction in truckers general liability insurance costs.

New Liability Concerns: Insurers like Southwest Insurance will need to adjust their policies to account for these emerging risks.

Sustainability and Its Influence on Insurance Costs

Sustainability is becoming an increasingly important issue for trucking companies, and by extension, insurance providers. This shift towards sustainability will also affect Cargo Insurance Cost and Truckers General Liability Insurance.

Green Initiatives and Insurance

Eco-Friendly Fleets: Companies that invest in eco-friendly fleets may benefit from reduced insurance premiums.

Sustainability-Related Risks: Insurers like Southwest Insurance will need to strike a balance between incentivizing green practices and managing these risks.

The Rise of Customized Insurance Solutions

In an increasingly competitive market, insurance companies are recognizing the need for more customized insurance solutions tailored to the specific needs of each business. By 2025, we expect to see a rise in personalized policies, particularly from companies like Western Truck Insurance Services and Southwest Insurance.

Tailored Insurance Plans

Flexible Coverage: Trucking companies will be able to choose flexible plans that cater to their specific operational needs, whether they require higher liability coverage or more comprehensive cargo insurance.

Usage-Based Insurance: With the help of telematics, UBI will allow trucking businesses to pay for insurance based on actual usage, such as miles driven or time spent on the road.

Truckers General Liability Insurance: A Cornerstone of Protection

As we look towards 2025, Truckers General Liability Insurance remains a crucial component of risk management for transportation businesses. 

Autonomous Vehicle Integration

The gradual introduction of autonomous trucks is set to revolutionize the trucking industry. This technological advancement raises new questions about liability and risk.

Cyber Liability Expansion

As trucks become more connected and reliant on digital systems, the risk of cyber attacks increases. In 2025, we anticipate that Truckers General Liability Insurance will increasingly include robust cyber liability coverage. 

Southwestern Insurance: A trusted Partner

Southwestern Insurance stands at the forefront of these changes, leveraging technology, data analytics, and innovative policy designs to provide comprehensive, tailored insurance solutions. By staying ahead of trends and addressing the unique challenges of the southwestern United States, the company is not just reacting to change but actively shaping the future of insurance in the region. 

Conclusion

As we look ahead to 2025, the insurance landscape for trucking businesses is poised for significant change. From evolving Cargo Insurance Cost to advances in technology and sustainability efforts, companies like Southwest Insurance will play a critical role in helping businesses navigate these challenges.

[ahmad543453]

The Importance of Industrial Insurance in Financial Planning

Industrial insurance is a critical aspect of financial planning for businesses operating in various sectors, including manufacturing, construction, and energy. This type of insurance provides coverage for a wide range of risks associated with industrial operations, such as property damage, equipment breakdown, and liability for workplace accidents. By securing industrial insurance, companies can protect their assets, manage risks effectively, and ensure business continuity in the face of unforeseen events. This financial safeguard is essential for maintaining operational stability and supporting long-term growth.

Types of Industrial Insurance Coverage

Industrial insurance encompasses several types of coverage tailored to address specific risks. Property insurance protects physical assets, including buildings, machinery, and inventory, against damage from events like fires, floods, and vandalism. Equipment breakdown insurance covers the repair or replacement of critical machinery that fails due to mechanical or electrical issues. Liability insurance provides protection against legal claims arising from workplace accidents, environmental damage, or product defects. Additionally, business interruption insurance compensates for lost income and operating expenses if a covered event disrupts normal business operations. Understanding these different types of coverage is crucial for businesses to ensure comprehensive protection.

Factors Influencing Industrial Insurance Premiums

Several factors influence the cost of industrial insurance premiums. These include the size and nature of the business, the value of insured assets, the level of risk associated with the industry, and the company’s claims history. For instance, businesses in high-risk industries like construction or chemical manufacturing may face higher premiums due to the increased likelihood of accidents and property damage. Similarly, companies with a history of frequent claims may also incur higher costs. Implementing robust risk management practices, such as regular safety inspections and employee training programs, can help businesses reduce their premiums by minimizing the likelihood of claims.

The Role of Industrial Insurance in Risk Management

Incorporating industrial insurance into a company’s risk management strategy is essential for mitigating potential financial losses. This type of insurance not only provides financial compensation for covered losses but also supports proactive risk management efforts. For example, insurers often offer risk assessment services to help businesses identify vulnerabilities and implement preventive measures. Additionally, having adequate insurance coverage can enhance a company’s reputation and credibility with clients, suppliers, and investors, as it demonstrates a commitment to managing risks responsibly. By integrating industrial insurance into their risk management plans, businesses can achieve a balanced approach to protecting their assets and ensuring long-term success.

Emerging Trends in the Industrial Insurance Industry

The industrial insurance industry is evolving, driven by technological advancements and changing risk landscapes. Innovations such as the Internet of Things (IoT) and data analytics are transforming how insurers assess and price risks. For instance, IoT devices can monitor equipment performance in real-time, enabling predictive maintenance and reducing the likelihood of breakdowns. Data analytics can provide insights into risk patterns, helping insurers develop more accurate pricing models and tailored coverage options. Additionally, there is a growing focus on sustainability, with insurers offering incentives for businesses that adopt environmentally friendly practices.

[tamanna31]

Digital Workplace Market - Structure, Size, Trends, Analysis and Outlook 2022-2030

Digital Workplace Industry Overview 

The global digital workplace market size was valued at USD 27.33 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 22.3% from 2022 to 2030. The current growth can be attributed to the increased digitalization, increasing demand for desktop-as-a-service, and growing demand for employees for greater flexibility in terms of work-life balance. With the outbreak of the COVID-19 pandemic, businesses have shifted to remote working and transformed their technologies to create a digital workplace to ensure business continuity. 

The pandemic has necessitated the widespread use of video and web conferencing, which has led to the development of new methods of communication and facilitating team bonding and collaboration. Furthermore, due to the ease with which pandemics can spread, several organizations have made long-term investments in workplace transformation for the hybrid work model, necessitating the use of cloud-based solutions to enable remote working with secure access. 

Gather more insights about the market drivers, restrains and growth of the Digital Workplace Market 

The digital workplace provides several benefits with the increasing digital technology of smart assets to help employees work efficiently without compromising the ongoing operations. For instance, in August 2021, HCL Technologies, a provider of IT services and consulting, signed a contract with Munich Re, a German-based insurance company, to provide a next-generation digital workplace for Munich Re's 16,000 employees across 40 countries. 

Through a global and local strategy, HCL would support Munich Re’s global workforce in several languages, including Spanish, German, and Mandarin. Further, to improve efficiency and employee user experience, HCL would also implement a personalized service desk solution, as well as leverage the power of automation and self-service. These technological advancements have created new opportunities for key companies to expand their workforce management portfolio. 

The increasing adoption of advanced technologies, such as Bring Your Own Device (BYOD) and enterprise mobility by organizations contribute to market growth. It increases flexibility and mobility while decreasing time spent on hardware and software licensing and device management for business-owned devices. It alters the nature of workplaces and processes, aided by organizational restructuring, and reduces the operational expenditure of businesses. 

Furthermore, with the help of Artificial Intelligence (AI), the Internet of Things (IoT), and Virtual Reality (VR), workplaces are expected to implement more cloud-based and flexibility-enhancing accessibility solutions. These advantages and advancements will drive the growth of the industry during the forecast period. 

With the recent focus on digital workplaces and remote working, AI and automation technological proliferation is playing a vital role in automating manual processes and creating new opportunities for organizations in improving productivity and streamlining the process. For instance, in May 2022, Wipro, an Information Technology (IT), consulting, and business services company, announced a partnership with Scania, a transport solutions provider, to provide support, increased automation, and enhanced customer experience for Scania employees through Wipro’s Live Workspace. 

This partnership would help Scania to drive towards sustainable transport solutions and digital workplace experience while leveraging the unique capabilities of Wipro’s ecosystem. As a result, there are numerous opportunities for service providers to innovate their offerings by leveraging cutting-edge technologies, which is propelling the industry growth. 

The advancement in mobile technologies, changing workforce demographics, and the rising trend of connected workplaces are the driving forces of the digital workplace transformation services industry. Several future workspaces are increasingly adopting cloud services such as Infrastructure as a Service (IaaS), Backend as a Service (BaaS), Platform as a Service (PaaS), and Software as a Service (SaaS) to support their business needs and get the work done smoothly. 

Furthermore, using cloud services, organizations can provide instant access to business-critical data and enterprise applications on a variety of devices, such as tablets, smartphones, and laptops, while maintaining security restraints. These factors are expected to provide growth opportunities for the key players operating in the global digital workplace market over the forecast period. 

Browse through Grand View Research's Next Generation Technologies Industry Research Reports.

The global embedded AI market size was estimated at USD 8.79 billion in 2023 and is estimated to reach USD 21.93 billion by 2030, registering a CAGR of 14.0% from 2024 to 2030. 

The global insurance brokerage market size was valued at USD 287.40 billion in 2023 and is expected to grow at a CAGR of 9.2% from 2024 to 2030. 

Digital Workplace Market Segmentation

Grand View Research has segmented the global digital workplace market based on component, enterprise size, end-use, and region: 

Digital Workplace Component Outlook (Revenue, USD Million, 2017 - 2030)

Solution

Services 

Digital Workplace Enterprise Size Outlook (Revenue, USD Million, 2017 - 2030)

Small & Medium Enterprise

Large Enterprise

Digital Workplace End-use Outlook (Revenue, USD Million, 2017 - 2030)

BFSI

IT & Telecommunication

Retail & Consumer Goods

Healthcare & Pharmaceuticals

Manufacturing

Government

Others (Media & Entertainment, Transportation & Logistics, and Energies & Utilities, among others) 

Digital Workplace Regional Outlook (Revenue, USD Million, 2017 - 2030)

North America

US

Canada

Mexico

Europe

Germany

UK

Asia Pacific

China

India

Japan

South America

Brazil

MEA 

Order a free sample PDF of the Digital Workplace Market Intelligence Study, published by Grand View Research. 

Key Companies profiled:

IBM

Accenture plc

Atos SE

Trianz

Capgemini

HCL Technologies Limited

Infosys Limited

Tata Consultancy Services Limited

Tech Mahindra Limited

Mphasis 

Recent Developments

In December 2021, Trianz, a digital transformation technology and service company announced a partnership with Workgrid Software, an intelligent digital workspace solutions provider, to deliver a modern workplace with a digital assistant that collaborates with enterprise applications and delivers personalized, contextual information, and content to workforces.

[tushar38]

Food Refrigerated Warehousing Market: Global Industry Analysis

Introduction to Food Refrigerated Warehousing Market

The Food Refrigerated Warehousing Market plays a critical role in ensuring the safety, quality, and longevity of perishable goods across the global food supply chain. These warehouses use advanced refrigeration technologies to store food products at optimal temperatures, preventing spoilage and maintaining freshness. The market is witnessing significant growth due to increasing consumer demand for frozen and refrigerated foods, technological innovations in cold storage facilities, and the expanding global food trade. Additionally, the rising focus on food safety regulations and sustainable storage solutions is driving the adoption of energy-efficient refrigeration systems.

The Food Refrigerated Warehousing Market is Valued USD 25.1 billion by 2024 and projected to reach USD 88.9921366690256 billion by 2032, growing at a CAGR of 15.1% During the Forecast period of 2024-2032.. Cold storage facilities serve as an essential component of the supply chain, particularly for perishable goods such as dairy, meat, fruits, and vegetables. The market has seen a strong surge, driven by advancements in cold chain logistics, increasing globalization of the food trade, and improved energy-efficient storage solutions. Growing urbanization and the expansion of e-commerce for grocery products further bolster this sector.

Access Full Report :https://www.marketdigits.com/checkout/3634?lic=s

Major Classifications are as follows:

By Type

Vapor Compression

Evaporative Cooling

Blast Freezing

Others

By Temperature Range

Chilled (0°C to 15°C)

Frozen (-18°C to -25°C)

Deep-frozen (Below -25°C)

By Application

Bread

Meat

Dairy

Beverages

Fruits & Vegetables

Seafood

Key Region/Countries are Classified as Follows:

◘ North America (United States, Canada,) ◘ Latin America (Brazil, Mexico, Argentina,) ◘ Asia-Pacific (China, Japan, Korea, India, and Southeast Asia) ◘ Europe (UK,Germany,France,Italy,Spain,Russia,) ◘ The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South

Key Players of Food Refrigerated Warehousing Market

Trenton Cold Storage, Nichirei Logistics Group, Partner Logistics, Oxford Cold Storage, Kloosterboer, Nordic Logistics & Warehousing, Conestoga Cold Storage, Cloverleaf Cold Storage, Congebec, Burris Logistics, Hanson Logistics, Interstate Cold Storage, Henningsen Cold Storage, and Others.

Market Drivers in the Food Refrigerated Warehousing Market

Growing demand for frozen and perishable foods: Consumers are increasingly relying on frozen products, driving the need for enhanced cold storage infrastructure.

Technological innovations: Automation, IoT, and energy-efficient refrigeration systems are revolutionizing the sector.

Global food trade expansion: Increased export and import of perishable food items across the globe necessitate reliable cold storage facilities.

Market Opportunities in the Food Refrigerated Warehousing Market

Expansion of e-commerce for food delivery: The surge in online grocery shopping has increased demand for cold storage solutions.

Sustainability and green storage technologies: Companies focusing on energy-efficient and eco-friendly storage solutions can tap into a growing market of eco-conscious consumers.

Emerging markets: Countries in Asia-Pacific, Latin America, and Africa present lucrative opportunities as cold chain infrastructure develops in these regions.

.

Market Opportunities of Video Telematics Market

Expansion in Emerging Markets: Increasing demand for fleet management solutions in emerging economies presents a significant growth opportunity.

AI-Powered Innovations: The integration of AI and predictive analytics can revolutionize fleet safety and efficiency, offering new business models.

Partnerships with Insurance Companies: Video telematics offers insurers a way to monitor driver behavior, reducing risk and allowing for dynamic pricing models.

Conclusion

The Food Refrigerated Warehousing Market is evolving rapidly, driven by increasing demand for frozen foods, technological innovations, and global trade expansion. While the industry faces challenges related to energy consumption and high infrastructure costs, the opportunities for growth, especially in emerging markets and e-commerce, are significant. Sustainable, efficient, and technology-driven solutions will likely define the future of this market.

[industrynewsupdates]

A Strategic Approach to Material Handling Equipments Procurement Intelligence

The global material handling equipments category is anticipated to grow at a CAGR of 5.85% from 2023 to 2030. Key factors driving the growth of the category include innovations in technology and the incorporation of Industry 4.0 into logistics infrastructure and warehouse management systems, growing need for expedited delivery, improved warehouse operations, and effective order fulfilment. In addition, the category is also being fuelled by rising e-commerce combined with shifting customer preferences is advancing last-mile delivery robot capabilities, and growing industrialization and the need for automation in material handling machinery. However, costly initial outlay for the purchase and upkeep of the product offered in the category places limitations on companies, especially small and medium-sized ones (SMEs). This may hinder the growth of the category during the forecasted timeframe.

Robotics & automation, internet of things (IoT) & data analytics, smart & connected systems, artificial intelligence (AI), digitization, and sensors & communication. Robotics & automation can improve speed, precision, flexibility, and quality while lowering labor expenses, human error, injuries, and downtime. For instance, automated guided vehicles (AGVs) integrated with navigations systems, cameras and sensorscan move goods and materials across the plant on their own. In addition, utilization of IoT & data analytics enables businesses in real-time optimizing, controlling and monitoring of technology and equipments. For instance, a business can use barcode scanners, GPS, and RFID tags to monitor the condition, status and location of its products and materials. Furthermore, a business can optimize and align the material handling process with its overall plant operations and company goals by utilizing smart & connected solutions.

The category for material handling equipments exhibits a moderately consolidated landscape, with majority of the share in the market being held by few of the global players who seek to maintain competition by implementing both organic and inorganic strategies as part of their core growth plan. The players are utilizing strategic activities like mergers, acquisitions, and new product launches to increase their competitive share and improve material handling operations through the quick adoption of cutting-edge technologies. For the purpose of making a significant market penetration, they regularly supply a range of specialist devices to their end users across nations. In addition, they are investing heaving in research & development to enhance their product lines. Despite intense competition, buyers in the category possess low negotiation capability as the market is ruled by few of the large players who leave less scope for switching to other options or let small regional players survive for long.

Order your copy of the Material Handling Equipments Procurement Intelligence Report, 2023 – 2030, published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis

Cost of equipment, financing, insurance, fuel expenses, and repairs & maintenance constitute the total cost of ownership for the products offered in the category. The factors that drive the prices of the equipments include demand & supply, manufacturer, model & safety features, and resale value.Prices of equipment are impacted by the laws of supply and demand. Prices decrease as a result of increased competition among firms for machinery. Purchasers benefit if a certain equipment is oversupplied in the market. In addition,there are many equipment manufacturers, but only a handful control the market. The annual sales of new and second-hand equipment around the world reflect the fact that many businesses only purchase one or two specific brands of machinery. In the U.S., the price of high-rise crawler excavator ranges between USD 99,500 to USD 124,500. The price of diesel forklift ranges between USD 5,900 to USD 9,500.

Asia-Pacific region dominates the global material handling equipments category, holding substantial share of revenue. Growth of the region is attributed to the continuous rise of food retail sector which aims to boost the speed and effectiveness of picking & sorting processes, hence, requiring the need for the products offered in the category. In addition, strong economic growth in China, India, and several ASEAN nations is responsible for the expansion of the Asian market, which in turn has contributed to the overall growth of the region. Selecting an equipment that doesn’t incurs high cost of maintenance, thoroughly observing the space where the equipment will be deployed in order to get the relevant machinery (i.e. not too big, nor too small), selecting a supplier that is reliable and offers the equipments which are safe and doesn’t compromise on the quality, and comparing multiple suppliers to get the best deal are some of the best sourcing practices considered in this category.

Material Handling Equipments Procurement Intelligence Report Scope

• Material Handling Equipments Category Growth Rate: CAGR of 5.85% from 2023 to 2030

• Pricing Growth Outlook: 4% - 8% increase (Annually)

• Pricing Models: Cost-plus pricing, Competition-based pricing

• Supplier Selection Scope: Cost and pricing, Past engagements, Productivity, Geographical presence

• Supplier Selection Criteria: Industries served, years in service, geographical service provision, types of equipments, power output, propulsion type, on-site assistance, regulatory compliance, and others.

• Report Coverage: Revenue forecast, supplier ranking, supplier matrix, emerging technology, pricing models, cost structure, competitive landscape, growth factors, trends, engagement, and operating model

Browse through Grand View Research’s collection of procurement intelligence studies:

• Drilling Equipment & Consumables Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)

• Heavy Mining Equipment Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)

Key Companies Profiled

• BEUMER Group GmbH & Co. KG

• Crown Equipment Corporation

• Daifuku Co., Ltd.

• Fritz SCHÄFER GmbH & Co KG

• Hyster-Yale Materials Handling, Inc.

• Jungheinrich AG

• Kardex Holding AG

• KION Group AG

• KUKA AG

• Liebherr-International Deutschland GmbH

• Mitsubishi Heavy Industries, Ltd.

• Toyota Industries Corporation

Brief about Pipeline by Grand View Research:

A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of supply chain, which helps in efficient procurement decisions.

Our services include (not limited to):

• Market Intelligence involving – market size and forecast, growth factors, and driving trends

• Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships

• Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing

• Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions

[musicinsurancecompany]

Insurance for Retailers - Trends and Innovations

The landscape of insurance is transforming fast. These changes can be attributed to new risks popping up, technological progressions, the way people buy insurance, and changing marking dynamics. Perhaps, you also feel the same. Right? Do you want to learn more about the important things happening in the insurance industry right now? Read on to find your answers!

What are the Emerging Risks?

Do you intend to buy Insurance for Retailers from a leading service provider? However, before that, you want to know what issues they may come across. You have come to the right place. The rise in emerging perils, aggravated by climate change and technological refinements, is posing significant challenges for insurance companies. Read on the pointers below -

Climate Change: As you can see - the occurrence and rigor of natural elements are on the rise. Probably, you also know how bad things can go after a natural disaster. Right? Similarly, insurers are dealing with a 'N' number of things, including increasing claims in line with hurricanes, floods, wildfires, and similar climate-related catastrophes. This has caused a hike in interest in parametric coverage. It offers compensation based on the occurrence of a typical event, rather than the actual losses incurred.

Cybercrime: Challenges insurers encounter have taken a new shape with technological advancements. Cyberattacks have become more sophisticated now. This refinement has exposed businesses to a plethora of threats. It includes ransomware, data breaches, and interruptions in operations. Hence, cyber liability coverage has come up as a vital part of risk management techniques for a lot of businesses.

How do Technological Advancements Help?

Needless to mention, just like everything has a good and a bad side, technological prowess has revolutionized the insurance fabric as well. It enables insurers to improve claim processing, and underwriting, and deliver a seamless customer experience. Here is a rundown for you -

Internet of Things (IoT): IoT-enabled tools can gather extensive amounts of data. This data can be used to evaluate risk, scrutinize assets, and detect possible claims. Here is an example for you. Telematics devices installed in vehicles can provide insights into many crucial things, including driving behavior and dynamics. It is likely to equip insurers to offer tailored pricing and risk management services.

Artificial Intelligence (AI): AI-powered algorithms can be used to introduce automation in routine chores like claims underwriting and processing. Apart from that, AI can also help Insurance for Retailers service providers recognize specific patterns in data and detect fraud. Sounds interesting. Right?

Blockchain: Blockchain technology offers the prospect of streamlining insurance processes. It presents a secure and transparent ledger of transactions while reducing administrative costs and improving efficiency.

What are the Insurance Market Trends?

The insurance market is also undergoing significant changes. It is mainly driven by factors, including economic situations, regulatory changes, and consumer preferences. Here's a look at the current trends -

Rising Premiums: With the rise in increasing claims costs due to economic uncertainty and emerging threats, premiums are likely to be on the higher end of the price range. This entire scenario has led to a growing demand for pocket-friendly insurance products. This, in turn, has encouraged insurance service providers to innovate and develop new pricing models.

Expanding Coverage Options: Insurers are expanding their product offerings to meet the changing needs of customers. It includes products such as cyber liability insurance, parametric insurance, and insurance for emerging technologies like musical instruments, drones, and autonomous vehicles.

Industry Consolidation: The insurance industry is undergoing consolidation, with larger insurers acquiring smaller players to gain market share and achieve economies of scale. This trend is expected to continue as insurers seek to strengthen their financial position and enhance their competitive advantage.

The Final Words

The insurance industry is at a crossroads. On one hand, there are challenges, while on the other opportunities are waiting to be discovered. By embracing emerging risks, leveraging technological advancements, and adapting to changing market dynamics, insurers can position themselves for long-term success.

[omshinde5145]

Dark Fiber Market Share, Key Market Players, Trends & Forecast, 2024–2030

The Dark Fiber Market was valued at USD 6.4 billion in 2023 and will surpass USD 12.5 billion by 2030; growing at a CAGR of 10.0% during 2024 - 2030. the importance of robust, high-speed, and reliable communication networks cannot be overstated. While much attention has been focused on innovations like 5G, satellite internet, and cloud computing, one critical component operates largely in the shadows: dark fiber. This article delves into the dark fiber market, exploring its significance, growth drivers, and future potential.

Dark fiber refers to unused or unlit optical fibers that have been laid down but are not currently in use by any service provider. These fibers, also known as unlit fiber, are often laid during the construction of telecom networks but remain dormant until they are needed. The term "dark" refers to the fact that no light pulses are being sent through the fibers, as they are not yet connected to any transmission equipment.

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The Growth of the Dark Fiber Market

The dark fiber market has witnessed significant growth in recent years, driven by several factors:

Data Explosion: The exponential growth in data traffic, fueled by the proliferation of IoT devices, cloud computing, and video streaming services, has created an insatiable demand for bandwidth. Service providers are increasingly turning to dark fiber to meet this demand, as it allows them to quickly and cost-effectively expand their network capacity.

5G Rollout: The deployment of 5G networks is a key driver of dark fiber demand. 5G requires a dense network of small cells, each of which needs to be connected by high-speed fiber-optic cables. Dark fiber provides the necessary infrastructure to support these connections, making it a critical component of 5G networks.

Enterprise Demand: Large enterprises, particularly those in data-intensive industries such as finance, healthcare, and technology, are increasingly opting for dark fiber to secure dedicated, private networks. This approach offers greater control over network performance, security, and scalability, making it an attractive option for businesses with high data demands.

Cost-Effectiveness: Leasing dark fiber can be more cost-effective in the long run compared to leasing lit fiber services. By using dark fiber, companies can light and manage the fiber themselves, offering flexibility and potentially reducing costs as their data needs grow.

Government and Infrastructure Projects: Governments around the world are investing in digital infrastructure to boost economic growth and ensure future connectivity. These initiatives often include the deployment of dark fiber to provide a scalable foundation for future communication networks.

Market Segmentation

The dark fiber market can be segmented based on various criteria, including:

Fiber Type: Single-mode vs. multi-mode fibers.

Network Type: Metro vs. long-haul networks.

Application: Telecom, BFSI (Banking, Financial Services, and Insurance), healthcare, IT, and others.

Geography: North America, Europe, Asia-Pacific, and other regions.

North America currently dominates the dark fiber market, driven by the high demand for advanced communication infrastructure and the presence of major technology companies. However, Asia-Pacific is expected to witness the highest growth rate in the coming years, fueled by rapid urbanization and increasing investments in 5G and smart city projects.

Challenges in the Dark Fiber Market

Despite its growth potential, the dark fiber market faces several challenges:

High Initial Costs: The cost of deploying dark fiber can be substantial, especially for long-haul networks. This can be a barrier for smaller companies or those with limited budgets.

Maintenance and Management: While dark fiber offers flexibility, it also requires companies to manage and maintain the network themselves, which can be resource-intensive.

Regulatory Hurdles: In some regions, regulatory challenges can slow down the deployment of dark fiber networks. Navigating these hurdles requires careful planning and a thorough understanding of local regulations.

Competition from Lit Fiber Providers: Some companies may prefer to lease lit fiber services from traditional telecom providers, which can offer easier management and bundled services. This competition can impact the growth of the dark fiber market.

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The Future of Dark Fiber

The future of the dark fiber market looks promising, with several trends expected to drive its growth:

Edge Computing: The rise of edge computing, which brings data processing closer to the source of data, will increase the demand for dark fiber. As more data is processed at the edge, the need for high-capacity, low-latency networks will grow, making dark fiber an attractive option.

Smart Cities: The development of smart cities, which rely on interconnected devices and systems to improve urban living, will require extensive fiber networks. Dark fiber will play a key role in supporting the infrastructure needed for smart city initiatives.

Global Connectivity: As the world becomes increasingly interconnected, the demand for international and intercontinental fiber-optic networks will rise. Dark fiber will be essential in enabling these global connections, supporting everything from international business operations to global internet traffic.

Conclusion

The dark fiber market is a silent powerhouse in the world of modern connectivity, providing the backbone for many of the technologies and services we rely on today. As data demands continue to soar and new technologies emerge, the importance of dark fiber will only grow. Companies and governments alike are recognizing the strategic value of dark fiber, and its market is poised for significant expansion in the years to come. Whether you're an investor, a telecom provider, or an enterprise with high data needs, dark fiber represents a key opportunity in the evolving landscape of global connectivity.

[mediaglaze1]

BetterThisTechs: Revolutionizing the Future of Technology Today

It is acceptable that the tech industry is expanding fast and, it is not a surprising fact that tech experts are striving to stay ahead in the fast-paced world. Although, the emergence of BetterThisTechs articles is a life-changing option for them.

BetterThisTechs is an alluring platform furnishing all the latest information on tech trends with real-time insights to keep users informed and up-to-date. 

This article is a great relief to discover additional layers about this unique platform and how it makes life comfortable for a professional tech expert or a new tech reader. Stay with the article.

BetterThisTechs Article: A Brief Sketch

BetterThisTechs is an online platform designed mainly for providing in-depth and engaging articles on different topics, like – automotive, health, technology, finance, entertainment, history, etc. The platform promises to furnish accurate, appropriate content and real-time updates. These alluring features make it a prominent online platform for knowledge.

The platform was established in 2022 and since it is furnishing its users with reliable and complete information on trending issues and some particular topics, such as cybersecurity, blockchain, AI, etc.

Diverse Content on BetterThisTechs Articles

Health and Medicine Health articles on the platform provide complete information on different diseases, their treatments, medical developments, nutrition, anatomy, mental health, etc. Here readers also find other areas of science, such as - Biology and Chemistry.

Technology The platform majorly focuses on technological advancements and thus provides deep insights into cybersecurity, artificial intelligence, machine learning, IoT, VR, gadgets, space exploration, programming, aviation, robotics, and future technologies.

Automotive BetterThisTechs also furnishes useful insights into automotive innovations and trends, including different automotive insurance information.

Society and Culture The platform also contains a separate section for appropriate information about different art, religions, psychology, philosophy, sociology, personal growth, and cultural topics.

How BetterThisTechs Article Sources Information?

BetterThisTechs is always concerned about the accuracy of the articles being posted on the site. Hence, the platform collects information only from official press releases, reliable tech outlets, and field experts.

The contributors of the platform, such as the writers, editors, and proofreaders, perform in-depth research and access their connections with industry experts to furnish accurate and authentic information to their readers.

Additionally, the platform also cross-checks the collected information and facts of the content with other trusted sources to maintain high standards of accuracy and precision.

Reader Engagement and Community on BetterThisTechs

The key factors of a platform are its engagement with readers and platform building. As engaging posts and articles captivate readers they tend to return and share the content of the platform with others.

BetterThisTechs articles are dedicated to creating a platform that goes beyond facts, inspires thoughts, and boosts relationships among readers. For this, it facilitates the users with a comment section to share their views, ask queries, and interact with other users.

The site also promotes civil conversation in the comment section and allows readers to make partnerships and expand their viewpoints. 

How “BetterThisTechs Article” Stands Out From Others?

In the last few years, BetterThisTechs articles have gained popularity among readers and are considered a trustworthy platform. Some of the contributing factors are mentioned below -

Interactive Features BetterThisTechs provides multiple interactive features, such as quizzes, polls, and other entertaining content to ensure the engagement of their users.

Expert Team The platform’s expert team has significantly contributed to its popularity. Their proofreaders, professional writers, and fact-checkers are prowess in their field and bring an abundance of information and creativity to the platform.

Tailored Suggestions For an enhanced user experience, the platform mainly considers customer satisfaction, and hence, offers customized recommendations to its readers for their easy navigation to the desired content.

Real-world Applications The included topics of BetterThisTechs provide real-world applications and significantly assist you in different areas. It gives you a robust command of tech information, helps you boost your career, and makes you more presentable among of reputable employers.

Timely Updates on Latest Trends The platform also provides in-depth analysis and projections with timely updates to ensure their users are being updated with recent tech trends.

Challenges Faced by BetterThisTechs

Maintain a middle ground between intricacy and simplicity; to showcase complex details without negotiating on the content clarity.

Security risks and data breaches.

Strive to meet the industry standards and writing guidelines, including creating interactive content.

Future Trends in BetterThisTechs Article

With the advancing technology, BetterThisTechs strives to be a prominent platform of innovation with its trendy articles and distinguished narrative. The platform majorly focuses on advanced technologies and ensures to include every emerging technology here. They are prepared to manage future complexities with great resilience.

Their steady efforts and passion for streamlining complex tech information for their readers are commendable and certainly lead to the next information center in the tech industry.

Source: Mediaglaze.com