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trendingreportz · 2 months

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IoT Testing Market - Forecast(2024 - 2030)

IoT Testing Market Overview:

The IoT Testing Market is estimated to surpass $404.4 million by 2024, and estimate to grow at a CAGR of 15.5% from 2018 to 2024. The IoT testing market is majorly driven by the increasing software development that has led to the rising need for more testing solutions and services. Growing use of smart gadgets and installation of smart meters, homes and others is also set to propel the market growth in the future.

Internet of Things has turned out to be one of the biggest software that has developed and brought opportunities in the testing process. And, as it is estimated that in the coming future Internet of Things would be widely used in each and every sector by the generation. Thus, this factor will raise the demand for the IoT testing market in upcoming future.

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The IoT Testing market is segmented into five major segments given as testing layers, type of testing, type of solutions/services, type of testing tools and by end-user industry. This market is also further segmented on the basis of geographic regions such as North America, South America, Europe, APAC, Middle East and Africa. Testing layer is further divided into main layers such as device interaction layer and user interaction layer. The different type of testing segment is one of the major segment as it implies the different testing software testing such as Usability Testing, reliability testing, data integrity, security testing, performance testing, regulatory testing, pilot testing and others. IoT testing also provides many IoT solutions and services such as Network Intelligence solutions, Professional services, Managed Services, Location-based services, connected car services, and others. IoT testing market is also segmented on the basis of IoT testing tools such as Software testing tools that consists of Wireshark and tcpdump and hardware testing tools which includes JTAG dongle, digital storage oscilloscope and software-defined radio.

The IoT testing tools is widely being used for open-source application and also help to monitor the traffic between the sender and the receiver. Thus, IoT Testing tools and Iot solutions will become the major factor that will make IoT testing a major market in the recent years.

This report incorporates an in-depth assessment of IoT testing market by type of testing layers, type of testing, by solution/services, by testing tools, by end-user industry and geography.

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What are the major end-user industry of IoT Testing?

The various type of sectors or end-user industries of IoT testing includes smart grid, manufacturing sector, logistics, agriculture, healthcare, retail, oil, mining and others. The smart grid sector includes smart home appliances, power substations, distributed renewable energy resources, smart meters, switches, field Testing devices and others. The manufacturing sector includes process automation, work-in-progress tracking, tools and fixtures tracking, cold chain monitoring and others. Logistics further includes location tracking, environment sensing and fleet management. Agriculture industry includes smart greenhouse, livestock monitoring, agriculture drones, smart farming and others. The healthcare sector includes smart devices like wearable body area sensors, fitness trackers, medical information distribution emergency care, smart pills and others. IoT testing is also used in retail industry for various purposes such as product availability tracking, mobile payment, personalized experiences and others. IoT testing is also used in other sectors like oil, mining and others.

Thus, the use of this better and innovative technologies in all these industries, has led to the increasing use of different types of testing tools for various purpose and the market is estimated to grow at a faster rate during the expected forecast year.

Market Research and Market Trends of IoT Testing

As, IoT is expected to be a big market in the coming years and due to this IoT testing will become an important factor that includes different type of testing like usability, security, interoperability and others.

The above factors will become the major key trends that will propel the IoT testing market growth.

It is also expected that internet of things would be the largest source of data and this revolution will bring increasing opportunities for the IoT testing which will be used widely in all the applications like smart tracking, monitoring, smart gadgets and others.

It is estimated that more than 20 billion connected devices are used rapidly and this has led to a promising future of the IoT testing, which will raise the market demand in the coming future.

IoT testing will also help to reduce the complexity of the hardware and software components and will also prevent the loss of the data which is to be transmitted. Hence, the growing demand for IoT technology will led to the increasing demand of the advanced security and compatibility testing.

Thus, the above factors will be the major trends that will boost the IoT testing market.

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Who are the Major Players in IoT Testing?

Some of the major companies included in the report are IBM, Cigniti Technologies, AFour Technologies, Texas instruments and Zephyr.

What is our report scope?

The report incorporates in-depth assessment of the competitive landscape, product market sizing, product benchmarking, market trends, product developments, financial analysis, strategic analysis and so on to gauge the impact forces and potential opportunities of the market. Apart from this the report also includes a study of major developments in the market such as product launches, agreements, acquisitions, collaborations, mergers and so on to comprehend the prevailing market dynamics at present and its impact during the forecast period 2018-2023.

All our reports are customizable to your company needs to a certain extent, we do provide 20 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report to your needs.

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Key Takeaways from this Report

Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level – for product types, end use applications and by different industry verticals.

Understand the different dynamics influencing the market – key driving factors, challenges and hidden opportunities.

Get in-depth insights on your competitor performance – market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.

Analyze the sales and distribution channels across key geographies to improve top-line revenues.

Understand the industry supply chain with a deep-dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.

Get a quick outlook on the market entropy – M&A’s, deals, partnerships, product launches of all key players for the past 4 years.

Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.

#iot testing market #iot testing market size #iot testing market shape #iot testing market forecast #iot testing market analysis #iot testing market report #iot testing market growth #smart gadgets #smart meters #reliability testing #security testing #Usability Testing

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spookysaladchaos · 3 months

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Global top 13 companies accounted for 66% of Total Frozen Spring Roll market(qyresearch, 2021)

The table below details the Discrete Manufacturing ERP revenue and market share of major players, from 2016 to 2021. The data for 2021 is an estimate, based on the historical figures and the data we interviewed this year.

Major players in the market are identified through secondary research and their market revenues are determined through primary and secondary research. Secondary research includes the research of the annual financial reports of the top companies; while primary research includes extensive interviews of key opinion leaders and industry experts such as experienced front-line staffs, directors, CEOs and marketing executives. The percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

According to the new market research report “Global Discrete Manufacturing ERP Market Report 2023-2029”, published by QYResearch, the global Discrete Manufacturing ERP market size is projected to reach USD 9.78 billion by 2029, at a CAGR of 10.6% during the forecast period.

Figure. Global Frozen Spring Roll Market Size (US$ Mn), 2018-2029

Figure. Global Frozen Spring Roll Top 13 Players Ranking and Market Share（Based on data of 2021, Continually updated）

The global key manufacturers of Discrete Manufacturing ERP include Visibility, Global Shop Solutions, SYSPRO, ECi Software Solutions, abas Software AG, IFS AB, QAD Inc, Infor, abas Software AG, ECi Software Solutions, etc. In 2021, the global top five players had a share approximately 66.0% in terms of revenue.

About QYResearch

QYResearch founded in California, USA in 2007.It is a leading global market research and consulting company. With over 16 years’ experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let’s work closely with you and build a bold and better future.

QYResearch is a world-renowned large-scale consulting company. The industry covers various high-tech industry chain market segments, spanning the semiconductor industry chain (semiconductor equipment and parts, semiconductor materials, ICs, Foundry, packaging and testing, discrete devices, sensors, optoelectronic devices), photovoltaic industry chain (equipment, cells, modules, auxiliary material brackets, inverters, power station terminals), new energy automobile industry chain (batteries and materials, auto parts, batteries, motors, electronic control, automotive semiconductors, etc.), communication industry chain (communication system equipment, terminal equipment, electronic components, RF front-end, optical modules, 4G/5G/6G, broadband, IoT, digital economy, AI), advanced materials industry Chain (metal materials, polymer materials, ceramic materials, nano materials, etc.), machinery manufacturing industry chain (CNC machine tools, construction machinery, electrical machinery, 3C automation, industrial robots, lasers, industrial control, drones), food, beverages and pharmaceuticals, medical equipment, agriculture, etc.

#Frozen Spring Roll

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wolfliving · 10 months

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The "Digital Silk Road" and the Chinese IoT

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Precisely what activities fall under the umbrella of the DSR has not been officially disclosed, but all known projects work to integrate the hard and soft infrastructures underpinning next-generation IoT capabilities. Examples include 5G antenna and base stations, fiber optic cables, data centers, smart city initiatives, and e-commerce platforms. Across the board, Beijing has encouraged tech companies to deepen cooperation with recipient countries. Some of the flagship companies that have joined the project are state-owned enterprises such as China Telecom and Unicom, as well as ostensibly private operators like China Mobile, Huawei, ZTE, and Dahua. The common denominator among these actors is a commitment to consolidating China’s presence in emerging markets and developing economies.

Over the past decade, Beijing has been able to build a parallel technological ecosystem that challenges Western-dominated norms. While this Initiative has the potential to enhance digital connectivity in developing economies, it also provides Beijing with a mechanism that can be used both to test its surveillance technology in third countries and to train these countries’ leaders on how to leverage the information that they collect. In a 2018 report, Freedom House cited a seminar on “Cyberspace Management for Officials from Countries Along the Belt and Road Initiative” that was repeated this year. It saw foreign officials visit the offices of a Chinese company that uses a big data toolkit to track negative public sentiment in real time and promote positive opinions of the government.

This style of surveillance and public opinion “guidance” is consistent with some of the other projects DSR sponsors have exported to third countries. In Venezuela, for example, PRC tech giant ZTE has been closely working with authorities to develop a system that can monitor citizens and, most importantly, their voting preferences.

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computeronrent · 2 years

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Advantages and disadvantages of 5G

5G technology or fifth generation technology offers many features for mobile networks. It is useful for government, students, businesses and professionals. It is a new mobile network designed to connect everyone and everything. It is the new standard in global wireless networks after 1G to 4G. It offers high multi-Gbps data speeds, low latency, large network capacity, and a flexible user experience. As this new technology is deployed, 5G technology should create many new applications.

5G technology features in brief. Speed up to 10 Gbits.

Great app

100 times more device connections

Fast response time

Waste of time

Another software option to upgrade. Great potential

With the proliferation of digital around the world, when live streaming and games, sports, news, movie reviews, social media, etc., the transfer of large amounts of data from one host to another and the Internet of Things (IoT) spurred the development of mobile phone standards. .

However, the 5G technology network has not yet reached its potential because the existing devices and infrastructure are not yet ready to support the 5G technology network. Those who have tested the 5G technology network using it with built-in 4G devices in this application are also called non-stationary 5G technology networks. The full potential of 5G technology will only be realized when independent networks, compatible devices and better communication tower technologies become available.

Advantages of 5G technology

Transfer data faster

The previous generation 4G LTE technology used bands below 3 GHz but in comparison, 5G technology uses bandwidth from 6 GHz in length to 24 GHz. However, it is important to note that 5G technology coverage also requires a base station and a broadcast tower compared to a 4G data network.

Improved network

5G networks are more flexible as they work with different customers, services and market segments. It divides its network in such a way that it will adapt to the needs of the users. It is based on Network Functions Virtualization (NFV) and Software Defined Networking (SDN). It is also called a "network fragment". This provides high data rates, low power consumption, and reliable low latency.

Moving Beamforming

Moving Beamforming refers to a radio signal processing technique that allows for the transmission or reception of a directional network, unlike a passive antenna that beams the signal randomly in all directions. 4G networks also use beamforming to some capacity, but in a growing sense.

Benefits for companies and businesses

It provides improved machine-to-machine communication for automation, real-time communication and guaranteed network availability, digitization of healthcare and agricultural industries.

Benefits for consumers

It provides fast download and download times when you are streaming users. Stable connection to mobile communications, low response time for online or cloud gaming, virtual reality, high quality live TV and 4K video telephony.

A more secure network

5G technology networks offer more security than previous generation networks. It supports protection against data loss, data corruption and theft. The exchange of sensitive and private customer data, such as hospital patient reports, customer data and student information at universities, is more secure in the 5G technology network.

Disadvantages of 5G

Limit coverage

The 5G technology network is a new technology, it requires a large network of ports and transmission towers worldwide, which requires a lot of time, testing, testing and setting up 5G technology towers.

Reduces durability

If the experts are to be believed, the non-standard 5G technology network undermines the performance of 4G network devices. Although a few manufacturers have started to produce 5G technology network devices, R & D believes that due to high data transmission in the largest network, the longevity or service life of mobile phones and other devices will be compromised.

Involvement in aviation

In January, Air India cancled several flights to the United States because they were rolling out 5G technology services in the country. This is a major setback of 5G technology in India as airlines have suffered losses due to ongoing 5G technology deployment projects. It can also be a hindrance in the future if not dealt with quickly. Internet Security Threats

Although the 5G technology network is said to help improve cybersecurity, it also has its limitations as it encourages cloud computing and exposes more data to risk. of hacking due to its lack of privacy and ease of access to network networks. on the other hand. hands

5G technologyin India

India officially launched its 5G technology network in October this year at an event held in New Delhi. Airtel and Jio have started rolling out 5G technology data plans in select state. However, Vodafone Idea is not planning to launch it in the near future.

In case of Airtel, they are currently placed in Tier I to Tier 8 countries. Jio has launched 5G technology services in limited areas. Many telecom operators are also of the opinion that pan-India 5G technology network coverage will take a few years. Jio recently announced after the 5G technology beta test that no SIM card is required to operate Jio's 5G technology network. However, Vodafone Idea has not yet announced its 5G technology network.

The health risks of 5G technology and the disadvantages of 5G technology for the environment

The International Commission on Non-ionizing Radiation Protection (ICNIRP) has stated that increasing radio frequencies above 6 GHz may have biological and health effects. The 5G technology network will increase the amount of electromagnetic radiation in the environment, causing a greater risk of cancer. With the lack of power of 5G technology network devices, there will also be an increase in the collection of electronic waste. The electric current from the cell tower exposed sparrows and other birds to increased egg production and nesting behavior. High rates of energy consumption have also contributed to global warming.

#advantage and disadvantages of 5g technology

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thinkunitedservicesblog · 1 year

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Bloom Your Ideas With The Latest App Development Trends

A mobile app is a software application designed specifically for small, wireless computing devices like smartphones and tablets, as opposed to desktop or laptop computers. Similarly, your company’s success can become a reality if it is supported by a mobile app development process that has been tested and refined over time. Numerous companies offer the best App Development Agency in New York, Think United Services Company is one of these. Our mobile development process comprises six stages: strategy, analysis and planning, design, app development, testing, and deployment. Therefore, our mobile app development company in Nassau County, NY, aims to create iOS and Android applications that effectively increase your business revenue and leads. Moreover, you must describe your business app concept to our development team. They will explain to you the best solutions that are cost-effective and result oriented.

thinkunitedservices.com As previously said, each software has different purchasing and features. The mobile app development industry is constantly changing; therefore, technological advancements, consumer demands, and various other factors directly influence mobile app trends. Currently, the thinkunitedservices.com website serves you with the latest app development services in New York at reasonable prices. However, moving on with the latest trends is arguably essential to success in this industry. Similarly, designing an app aims to maximize productivity and revenue while requiring a minor investment. Aside from that, specific skills are needed to develop, maintain, and design a web app. Think United Services agency is here to overcome the fear of responsive apps. We are the best app development company in Nassau County, NY. Now, let’s discuss the trends of the latest app development as below- IoT app integration (Internet of Things) 5G technology approach App development for wearable and foldable devices Beacon technology Mobile E-commerce revenue Use of AI (Artificial Intelligence) Mobile transactions and wallets AR (Augmented Reality) and Computer Simulation (Virtual reality) Chatbots High Caliber security or Two-factor authentication Cloud Computing integration Instant and on-demand apps Futuristic goals of app development According to a Statista report from the second quarter of 2021, users downloaded approximately 28 billion apps from the Google Play Store and about 7.9 million from the App Store. Furthermore, by the end of 2022, US consumers will spend $34 billion or more on apps through app stores. This year’s hottest mobile app development trends are augmented reality (AR) and virtual reality (VR). At the same time, Statista predicts that the global AR and VR market will reach $296.9 billion US dollars in 2024, and this significant increase in demand is for a good reason in the app development field. So, to meet all your needs for top-notch app development services in New York, they are completed at the thinkunitedservices.com website. In addition, we have a professional team for app services and offer inexpensive packages for all your requirements with result-oriented services. Brief In brief, Think United Services Company is the best agency for getting quality-assured app development services in New York. Likewise, you can also contact us for the latest digital marketing assistance and more.

Source: https://thinkunitedservices.com/bloom-your-ideas-with-the-latest-app-development-trends/

#thinkunitedservices #webdesigning #smo #seo #ppc #digital marketing company in usa #itservicescmpany #appdevelopmentnewyork

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adalidda · 2 years

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Illustration Photo: Sugarcane is one of the most efficient producers of biomass of all plant species and can be used as a renewable fuel. The new variety Ho 06-9002 has a high fiber content, excellent regrowth ability over 4 to 5 years, is cold-tolerant, has a high stalk population, and produces excellent biomass yields. (credits: USDA Media by Lance Cheung / Public domain)

Repsol Entrepreneurs Fund for Startups in the Energy Transition

At the Repsol Foundation, we have been supporting entrepreneurship and entrepreneurs for more than 10 years through Fondo de Emprendedores, our accelerator for start-ups that provide technological solutions to meet the challenges of the Energy Transition. This is a perfect program for start-ups in the testing phase with real customers, or that will reach this phase in 1–2 years.

This program aims to accelerate startups working in any of the following:

SCOPE 1: LOW-CARBON ENERGY TECHNOLOGIES AND CIRCULAR ECONOMY 1. Recycling and treatment technologies: conversion of biomass, new processes for converting waste into chemical products 2. Biogas production, upgrading, transport and end use technologies 3. Low environmental impact H2 renewable solutions for production, blending, transport and storage 4. Advanced biofuel production and conversion technologies (liquefaction or de novo, gasification) and synthetic fuels for road, maritime and aviation transport 5. Processing of chemicals and other organic materials for circular economy 6. Low-carbon lubricants for industrial and automotive applications 7. CO2 Capture, Use and/or Storage Technologies. CO2 Direct Air Capture: new absorbent materials and efficient process design 8. COX, H2 conversion processes to Hydrocarbons 9. Low carbon technologies for Oil & Gas operations, including energy efficiency, GHG direct emissions (scopes 1 and 2), Methane emissions, CCS or Geothermal. 10. Other technologies related to this scope’s heading

SCOPE 2: BIOTECHNOLOGY AND NANOTECHNOLOGY FOR SUSTAINABLE SOLUTIONS 1. Bio conversion of organic material to chemicals. Biorefinery, biofactory 2. Protein engineering, development of biocatalysts and enzymes 3. Gene editing technologies and applications in energy and materials 4. Plastic biodegradation technologies 5. Biosensors design, production and end use. 6. Anti-corrosive, anti-bacterial, thermal nanocoating for pipelines and infrastructures 7. Organic and inorganic membrane technologies, including new materials 8. Improvement of the properties of fuels, lubricants and chemicals 9. Other technologies related to this scope’s heading

SCOPE 3: PRODUCTS AND SERVICES BASED ON ENERGY MANAGEMENT AND RENEWABLES 1. Intelligent energy management systems 2. New batteries and fuel cells technologies 3. Distributed energy solutions 4. Energy conversion and storage systems 5. Advanced mobility solutions 6. Renewable energy generation, maintenance and control and commercialization. 7. Other technologies related to this scope’s heading

SCOPE 4: DIGITAL TECHNOLOGIES FOR THE ENERGY SECTOR 1. Artificial intelligence applied to process optimization and energy efficiency. 2. Digital twins and intelligent interfaces for process control 3. Digital technologies for predictive and prescriptive maintenance 4. Smart trading for the energy marketplace 5. Computational chemistry tools for energy applications 6. Remote sensing, IoT and robotic solutions for industrial assets and environment 7. Quantum computing applications in energy sector 8. Other technologies related to this scope’s heading SCOPE 5: NATURAL SOLUTIONS FOR CARBON FOOTPRINT REDUCTION 1. Reforestation and afforestation technologies for resilient CO2 absorption sinks 2. Advanced monitoring, reporting and verification technologies in CO2 absorption 3. Digital technologies applied to carbon markets value chain 4. Technologies for ESG (Environmental, Social and Governance) project certification 5. Other technologies related to this scope’s heading

Startups admitted to the Program will receive during the acceleration period a contribution of FIVE THOUSAND EUROS (€ 5,000) per month as ordinary funds. Additionally, admitted Startups may request up to a maximum of FORTY THOUSAND EUROS (€ 40,000) per year as extraordinary funds for strategic expenses to achieve the milestones of the Work Plan (as defined in section 4.4), mainly to complete the pilot test. The disbursement of this additional contribution will be subject to the exclusive decision of Fundación Repsol.

Application Deadline: March 10, 2023

Check more https://adalidda.com/posts/c4qmPwNwToZAAbf2L/repsol-entrepreneurs-fund-for-startups-in-the-energy/call

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tamanna31 · 12 hours

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Alternative Data Market Size, Status and Forecast 2030

Alternative Data Industry Overview

The global alternative data market size was valued at USD 7.20 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 50.6% from 2024 to 2030. The key drivers attributed to market expansion include the significant increase in the types of alternative information sources over the last decade. While web scraping and financial transactions are the most common sources, the emerging sources, including mobile devices, social media, satellites, sensors, IoT-enabled devices, and others, are gaining wider popularity. As such, the companies are actively expanding their offering by gathering information from all such sources.

The rising demand from hedge funds is expected to boost market growth significantly. More than half of hedge fund managers are now using it to gain a competitive edge by generating outperformance and supporting the risk management processes. More than 400 companies are engaged in selling alternative data to hedge funds, thereby contributing significantly to market revenue. Alternative data refers to the undiscovered which is not within the traditional sources such as SEC filings, financial statements, press releases, and management presentations. It is compiled from various sources such as e-commerce portals, public records, social media, financial transactions, web traffic, mobile devices, sensors, satellites, etc.

Gather more insights about the market drivers, restrains and growth of theAlternative Data Market

Applying specific analytics to this compiled set yields additional insights that were previously unknown, and are used by investors to evaluate investment opportunities. As this new information is a crucial differentiator that contributes to the alpha (market outperformance), the buy-side entities, such as hedge funds, mutual funds, private equity funds, pension funds, unit trusts, and life insurance companies, are actively using it to build fundamental investment models to outperform the market.

Alternative data, compared to the usual financials gathered from traditional sources, is difficult to utilize in strategic plans. It is often unstructured, lacks specific patterns, and is collected very frequently. Thus, the investors need expert personnel and various technologies, including analytics platforms, fluid data architecture, data science, and testing tools, to leverage the meaningful information from it. Further, Artificial Intelligence (AI) tools, such as machine learning and Natural Language Processing (NLP) are gaining popularity for analysis. AI-enabled processing increases information generation and helps to extract hidden patterns. As such, AI-based analytics tools are anticipated to boost the growth of the market for alternative data over the forecast period.

While most companies utilize various sources and tools to gain insights and predictive capabilities, regulatory constraints are expected to be the primary challenges for the market players. The increasing emphasis on regulations such as California Consumer Privacy Act (CCPA) and the General Data Protection Regulation (GDPR), along with other privacy regulations, pose threats to some of the alternative data sources. For instance, sources such as mobile devices, social media, and mobile application usage often conflict with consumer privacy issues. Any dataset that companies analyze needs to be completely free from Personal Identifiable Information (PII). Therefore, the providers’ compliance with privacy policies is a crucial factor for sustaining the market.

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

The global natural language processing market size was valued at USD 27.73 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 40.4% from 2023 to 2030.

The global mobile application market size was valued at USD 252.89 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 14.3% from 2024 to 2030.

Key Companies profiled:

1010Data

Advan

Dataminr

Earnest Research

M Science

Preqin

RavenPack

Thinknum Alternative Data

UBS Evidence Lab

YipitData

Key Alternative Data Company Insights

Some of the key players operating in the market include UBS, M Science LLC, and RavenPack.

UBS provides data-driven insights by harvesting, cleansing, and connecting numerous data items across various specialized areas. The company provides insights for more than 1,000 companies of all sizes on a subscription basis to its Evidence Lab Innovations platform subscribers. UBS offers insightful datasets across more than 55 specialized products. The company’s various types of alternative data offerings include geospatial data, pricing data, sentimental data, social media data, and transaction data, among others.

M Science LLC is a data-driven research and analytics firm that provides critical customer insights to leading financial institutions and private & government corporations. The company integrates data science and technology, and financial models to transform raw data into actionable insights, enabling its customers to make smarter and more informed decisions. It caters to automotive, consumer durables, internet & telecommunication, and media industries.

Thinknum Alternative Data and Earnest are some of the emerging alternative data companies.

Thinknum Alternative Data organizes, processes, and analyzes public data from the web and offers over 300 companies (across the globe) unique real-time insights. The company’s clients include hedge funds, universities, internet companies, and investment firms. Its clients access these datasets via an Application Programming Interface (API) and User Interface (UI). A few critical datasets include job listing sites, LinkedIn profiles, and Facebook followers, among others.

Earnest is a data analytics company that provides critical information on consumer spending habits to government agencies, corporations, management consultants, and institutional investors by utilizing real-time data. The company uses tools for fundamental analytics of retail pricing, healthcare claims, consumer spending, and foot traffic to offer structured datasets with clear and correlated signals. These datasets are computed to understand national health trends and consumer habits.

Recent Developments

In April 2023, Thinknum Alternative Data launched new data fields to its employee sentiment datasets for people analytics teams and investors to use this as an 'employee NPS' proxy, and support highly-rated employers set up interviews through employee referrals.

In September 2022, Thinknum Alternative Data announced its plan to combine data Similarweb, SensorTower, Thinknum, Caplight, and Pathmatics with Lagoon, a sophisticated infrastructure platform to deliver an alternative data source for investment research, due diligence, deal sourcing and origination, and post-acquisition strategies in private markets.

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

#Alternative Data Market

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fusion-compliance-services · 11 days

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WPC Registration Services in India: A Gateway to Seamless Wireless Device Compliance

The Wireless Planning and Coordination (WPC) wing, under the Department of Telecommunications (DoT), plays a crucial role in regulating the use of wireless devices in India. With the growing demand for wireless technology across industries, ensuring compliance with WPC regulations is essential for businesses seeking to operate in the Indian market. WPC registration is required for any product that employs wireless technology, such as Bluetooth, Wi-Fi, or other radio frequency devices. At Fusion Compliance Services, we offer expert WPC registration services to help businesses meet these regulatory requirements seamlessly.

What is WPC Registration?

WPC registration is a legal requirement for any device that uses wireless communication in India. The purpose of the registration is to ensure that all wireless products comply with the regulatory standards set by the WPC and DoT. This process involves testing, evaluating, and certifying wireless equipment to confirm that it adheres to specific frequency bands, power levels, and technical specifications. Products that require WPC approval include mobile phones, routers, IoT devices, remote controls, and various other gadgets that rely on wireless communication.

There are two main types of approvals issued by WPC:

Equipment type approval (ETA): This permission is required for goods that operate on unlicensed frequency bands. It assures that these goods comply with technical specifications and do not create unwanted interference.

Import License: For products that need to be imported into India, an import license is required in addition to the ETA.This assures that only permitted wireless goods can enter the country.

Why WPC Registration is Important

Legal Compliance: Operating a wireless product without WPC registration is illegal in India and can result in penalties, legal actions, or even bans on the sale of the product. Therefore, ensuring that your device is WPC-approved is essential for staying compliant with Indian regulations.

Market Access: WPC registration provides access to the Indian market. Without the necessary approval, businesses are barred from selling or importing wireless products into India. Registering with WPC ensures smooth entry into the market and enhances your business's credibility.

Product Safety: The WPC registration process involves rigorous testing to ensure that wireless devices are safe for use and do not interfere with other communication systems. This helps protect consumers and ensures that your product meets global safety standards.

Consumer Trust: Customers are more likely to trust and purchase products that have been approved by WPC, as the certification guarantees that the device complies with safety and quality standards. This might result in greater revenue and client happiness.

Fusion Compliance Services: Your Partner for WPC Registration

The WPC registration procedure can be complex and time-consuming, especially for enterprises inexperienced with India's regulatory structure. At Fusion Compliance Services, we provide comprehensive support to ensure that your wireless products meet all necessary compliance requirements. Our WPC registration services are designed to simplify the process and expedite your product's approval.

Our WPC Registration Services

Documentation Preparation: We assist in preparing all the required documentation for WPC registration, including product specifications, test reports, and compliance statements. Our team ensures that all documentation is accurate and complete to avoid delays in the approval process.

Product Testing and Evaluation: We coordinate with accredited labs to conduct the necessary testing of your wireless product to ensure it meets WPC’s technical requirements. This includes frequency testing, power output verification, and interference testing.

Application Submission: Once the testing is complete, we handle the submission of the application to the WPC. Our experts monitor the application process closely and address any issues or queries raised by the WPC authorities.

Liaison with Authorities: We act as the liaison between your business and the WPC authorities, ensuring smooth communication and swift resolution of any concerns. Our team has extensive experience working with regulatory bodies, enabling us to fast-track the registration process.

Import License Assistance: If you are importing wireless products into India, we provide assistance in obtaining the necessary import licenses in addition to WPC registration. This ensures that your products can enter the Indian market without any legal hurdles.

Ongoing Compliance Support: Our services do not end with registration. We offer ongoing support to help you maintain compliance with WPC regulations, including renewals and updates to your certification as needed.

Conclusion

WPC registration is essential for any business looking to enter the Indian market with wireless products. It ensures legal compliance, product safety, and consumer trust, all of which are vital for business success. At Fusion Compliance Services, we provide end-to-end WPC registration solutions, helping you navigate the complex regulatory process with ease. Our team of experts is committed to ensuring that your products meet all necessary requirements, enabling you to focus on growing your business in India. Let us take care of your compliance needs, so you can confidently expand your wireless product offerings in this dynamic market.

Fusion Compliance Services

[email protected]

#WPC Registration India #Wireless Device Compliance #Seamless WPC Services #WPC Approval Experts #India WPC Registration #Wireless Certification India #WPC ETA Solutions #WPC Compliance India #WPC Approval Process #Wireless Device Approval #ETA Certification India #WPC License India #Import License India

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17066 · 15 days

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Transforming Logistics with Innovative App Development

Why Develop a Logistics App?

A well-designed logistics app can address several challenges faced by the logistics industry:

Efficiency and Optimization: Streamline operations by automating routine tasks, optimizing routes, and managing inventory more effectively.

Real-Time Tracking: Provide stakeholders with up-to-date information on shipment status, improving transparency and customer satisfaction.

Data-Driven Decisions: Utilize analytics to gain insights into performance metrics, identify inefficiencies, and make informed decisions.

Key Features of a Successful Logistics App

To ensure your logistics app meets industry demands and user needs, consider incorporating the following features:

Real-Time Tracking and Visibility

Enable users to track shipments and deliveries in real time.

Provide visibility into the entire supply chain, from warehouse to final delivery.

Route Optimization

Use algorithms to determine the most efficient routes for transportation.

Reduce fuel costs and delivery times by optimizing routes based on traffic, weather, and other factors.

Inventory Management

Track inventory levels, manage stock, and automate reordering processes.

Integrate with existing warehouse management systems for seamless operations.

Order Management

Simplify order processing and fulfillment.

Allow users to manage orders, handle returns, and track order statuses.

Analytics and Reporting

Generate reports on key performance indicators (KPIs) such as delivery times, costs, and customer satisfaction.

Use data to identify trends, make improvements, and enhance operational efficiency.

User-Friendly Interface

Design an intuitive and easy-to-navigate interface for both mobile and desktop users.

Ensure that key functionalities are easily accessible and that users can perform tasks with minimal effort.

Integration with Third-Party Services

Integrate with mapping services (e.g., Google Maps API) for accurate navigation and location tracking.

Connect with payment gateways, communication tools, and other relevant services.

Steps in Developing a Logistics App

Requirement Analysis and Planning

Identify the specific needs of your target users and define the app’s objectives.

Plan the app’s features, functionalities, and technical requirements.

Design and User Experience (UX)

Create wireframes and mockups to visualize the app’s design and user flow.

Focus on designing an intuitive UX that enhances user interaction and satisfaction.

Technology Stack Selection

Choose the appropriate technologies for frontend and backend development.

Consider cross-platform frameworks like React Native or Flutter for mobile app development, and robust backend technologies such as Node.js or Django.

Development and Testing

Develop the app’s frontend and backend, integrating necessary APIs and third-party services.

Conduct thorough testing to ensure functionality, performance, and security. This includes unit testing, integration testing, and user acceptance testing (UAT).

Deployment and Launch

Prepare for the app’s launch by setting up necessary infrastructure and deployment processes.

Develop a launch strategy that includes marketing, user training, and support.

Post-Launch Support and Maintenance

Provide ongoing support to address any issues and incorporate user feedback.

Regularly update the app to add new features, enhance performance, and ensure compatibility with the latest devices and operating systems.

Future Trends in Logistics App Development

The logistics industry is rapidly evolving, and so are the technologies driving it. Keep an eye on these trends:

Artificial Intelligence (AI): AI can enhance route optimization, predictive maintenance, and demand forecasting.

Internet of Things (IoT): IoT devices provide real-time data on vehicle conditions, cargo status, and environmental factors.

Blockchain: Blockchain technology offers improved transparency and security in supply chain transactions.

Conclusion

Developing a logistics app is a strategic investment that can greatly enhance efficiency, visibility, and overall performance in the logistics industry. By incorporating key features, following a structured development process, and staying updated with emerging trends, you can create a powerful tool that meets the evolving needs of your business and your customers.

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market-spy · 22 days

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Precision Medicine Market Forecast to Grow at 11.4% CAGR from 2024 to 2031 | SkyQuest Technology

SkyQuest projects that the global Precision Medicine Market will attain a value of USD 75.30 billion by 2031, with a CAGR of 11.4% during the forecast period (2024-2031). The precision medicine market will grow exponentially through rapid genomic research, biotechnology, and data analytics. With growing incidences of chronic diseases like cancer and cardiovascular conditions, there is an impending requirement for personalized treatment plans that precision medicine offers. The basis of precision medicine is, therefore, a unique concept where two individuals infected by the same disease do not necessarily have to respond to the sickness in the same way physically.

Download a detailed overview:https://www.skyquestt.com/sample-request/precision-medicine-market

Hospitals & Clinics Dominate the Market Share by Offering Advanced and Improved Diagnostic Treatments

The hospitals and clinics segment forms the dominant end-user landscape within the precision medicine market, as hospitals are the very places that provide acute care to patients requiring advanced diagnostics and personalized treatments. Hospitals are better equipped and skilfully adept at adopting complex genome-based tests and molecular diagnostics. Substantial investments by healthcare systems and government initiatives in integrating precision medicine into standard clinical practices are also predicted to dominate the segment by improving patient outcomes and raising healthcare efficiency.

Home Care Settings to be the Fastest Growing as Individual Patient Care Becomes More Prevalent

Home care settings are one of the most rapidly growing areas in precision medicine. Technologies that mean tests can be conducted away from hospitals have been the driver of this growth, where care is then given to patients as an individual—something which has not been possible other than in hospitals. The drivers like portable diagnostic instruments and companion diagnostics, together with remote monitoring systems and telemedicine services are driving the growth of this market.

North America Dominates the Global Market Owing to the Rising Number of Cancer Patients

North American precision medicine market is expected to hold major market share in this forecasted period. Cancer being the leading cause of death in this region, have underscored the need for more enhanced treatment modalities such as precision medicine. The region has established key facilities for genomic studies and individualized treatment. The degree of awareness regarding precision medicine is very high, and the emphasis on the ever-increasing need to provide patients with individualized cancer treatments favours the growth of the market.

Precision Medicine Market Insights:

Drivers

Rising Incidence of Chronic and Genetic Diseases

Advancements in Genomic Technologies

Patient-Centric Approach and Preventive Medicine

Restraints

High Cost of Precision Medicine Technologies

Data Privacy and Security Concerns

Interpretation Difficulties and Clinical Relevance

Prominent Players in Precision Medicine Market

Illumina, Inc.

Thermo Fisher Scientific Inc.

Novartis AG

Abbott Laboratories

Agilent Technologies

Almac Group

Amgen Inc.

Astellas Pharma Inc.

AstraZeneca PLC

Bio-Rad Laboratories, Inc.

Key Questions Answered in Precision Medicine Market Report

What is Precision Medicine?

How big is the Precision Medicine Market?

At what value will the Precision Medicine Market grow during the forecasted period?

This report provides the following insights:

Analysis of key drivers (growing demand for better data security, rising adoption of Blockchain and IoT technologies, increasing use of decentralized systems in different industry verticals), restraints (interoperability issues with legacy systems, complexities in integration with existing infrastructure, concerns regarding scalability of gas cleaning technologies systems), and opportunities (growing demand for data monetization, rising demand for transparent yet trusted transactions), influencing the growth of precision medicine market.

Market Penetration: All-inclusive analysis of product portfolio of different market players and status of new product launches.

Product Development/Innovation: Elaborate assessment of R&D activities, new product development, and upcoming trends of the precision medicine market.

Market Development: Detailed analysis of potential regions where the market has potential to grow.

Market Diversification: Comprehensive assessment of new product launches, recent developments, and emerging regional markets.

Competitive Landscape: Detailed analysis of growth strategies, revenue analysis, and product innovation by new and established market players.

About Us:

SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology.

We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization have expanded our reach across North America, Europe, ASEAN and Asia Pacific.

Contact:

Mr. Jagraj Singh

Skyquest Technology

1 Apache Way,

Westford,

Massachusetts 01886

USA (+1) 351-333-4748

Email: [email protected]

Visit Our Website: https://www.skyquestt.com/

#Precision Medicine Market Size #Precision Medicine Market Share #Precision Medicine Market Trends #Precision Medicine Market Forecast #Precision Medicine Market News #Precision Medicine Market Analysis

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industrynewsupdates · 25 days

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Machine Condition Monitoring Market Analysis, Opportunities And Forecast Report, 2030

The global machine condition monitoring market size was valued at USD 2.91 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 7.9% from 2023 to 2030.

Need to provide advanced diagnostics and help determine a machine's health has underpinned market growth. Manufacturers have sought condition monitoring systems to optimize and monitor performance and maintenance of their equipment. Besides, the trend for lean manufacturing has prompted manufacturers to seek condition monitoring to bolster production efficiency, minimize downtime, and enhance spare parts supplies and cost prediction. Stakeholders have exhibited traction for condition monitoring for enhanced productivity, equipment longevity, elimination & reduction of downtime, minimizing scrap parts, and leveraging automation based on real-time machine condition data.

Gather more insights about the market drivers, restrains and growth of the Machine Condition Monitoring Market

For instance, in November 2022, Doble Engineering Company which offers asset health checks through their diagnostic test, services, and software for electric industry, released a new product, Calisto cable condition monitoring for medium and high voltage cable systems. The new Calisto cable offers secure and dependable cable operation, lowering the risk of failures, reducing total cost of ownership and solutions, and giving near crucial real-time data regarding cable health.

Machine condition monitoring measures equipment parameters to prevent breakdown and identify changes that could hint at developing faults. The technique has gained ground across oil & gas, automotive, power generation, metal & mining, marine, and aerospace. It is an invaluable part of predictive maintenance that has become trendier to boost asset life and cost savings, ensure operator safety, and streamline operations. Besides, prevalence of IoT has brought a paradigm shift to foster communication between devices. Adopting smart machines has led stakeholders to make informed decisions and boost diagnostic efficiency.

Global landscape grappled with headwinds, including semiconductor shortages and COVID-19 pandemic. Semiconductor shortages compelled factory closures and manufacturers to halt operations. Moreover, onset of COVID-19 outbreak led to reduction in hardware production and supply chain disruptions. With plants reopening post-COVID, soaring demand for electronic goods triggered a backlog for chips. However, surging need for remote supervision has provided promising growth opportunities for manufacturers and suppliers of machine condition monitoring.

The post-COVID period has witnessed Industrial Internet of Things (IIoT) trends and the prevalence of Industry 4.0, mainly due to demand for real-time monitoring of assets. Rising penetration of IIoT has enabled manufacturers to connect assets to actuators and smart sensors to enhance industrial and manufacturing processes. Real-time data collected from various IoT devices catalyze seamless supervision and control of plant operations. As stakeholders prioritize business agility, demand for IIoT will further expand across industry verticals. For instance, in September 2022, ABB, a technology leader in automation and electrification, partnered with Samotics, an asset health monitoring system provider, to enhance its condition monitoring services. They will utilize resources of each organization to provide information about health and energy efficiency of machines. ABB will incorporate a plug-and-play monitoring IIoT solution from Samotics into its digital offering as a first step.

Machine Condition Monitoring Market Segmentation

Grand View Research has segmented the global machine condition monitoring market report based on monitoring technique, component, product type, application, architecture type, plant type, monitoring process, end-use industry, and region.

Monitoring Technique Outlook (Revenue, USD Billion, 2017 - 2030)

• Torque Monitoring

• Vibration Monitoring

• Oil Analysis

• Thermography

• Corrosion Monitoring

• Others

Component Outlook (Revenue, USD Billion, 2017 - 2030)

• Hardware

• Portable/Handheld Condition Monitoring Units

• Software

• Services

Product Type Outlook (Revenue, USD Billion, 2017 - 2030)

• Valves

• Compressors

• Turbines

• Gearbox

• Motors

• Bearings

• Couplings

• Others

Application Outlook (Revenue, USD Billion, 2017 - 2030)

• HVAC Systems

• Turbines & Generators

• Material Handling

• Conveyors

• Pump Systems

• Sprockets

• Bushings & Hubs

• Control Cabinet Monitoring

• Paper Presses

• Storage Rooms

• Motor Control

• Lubricant Level Monitoring on CNC Machines

• Others

Architecture Type Outlook (Revenue, USD Billion, 2017 - 2030)

• Public Cloud

• Edge Platform

• Hybrid Cloud

• On-premises

Plant Type Outlook (Revenue, USD Billion, 2017 - 2030)

• Greenfield Plant

• Brownfield Plant

Monitoring Process Outlook (Revenue, USD Billion, 2017 - 2030)

• Online Condition Monitoring

• Portable Condition Monitoring

End-use Industry Outlook (Revenue, USD Billion, 2017 - 2030)

• Mining

• Primary Metals

• Power Generation

• Automotive

• Oil & Gas

• Aerospace

• Food & Beverages

• Chemicals

• Marine

• Pharmaceutical

• Pulp & Paper

• Others

Regional Outlook (Revenue, USD Billion, 2017 - 2030)

• North America

• Europe

• Asia Pacific

• Central & South America

• MEA

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

• The global application integration market size was valued at USD 15.90 billion in 2023 and is projected to grow at a CAGR of 19.8% from 2024 to 2030.

• The global sustainable manufacturing market size was estimated at USD 203.65 billion in 2023 and is expected to grow at a CAGR of 11.6% from 2024 to 2030.

Key Companies & Market Share Insights

Incumbent players and startups are poised to emphasize organic and inorganic strategies, including mergers & acquisitions, product offerings, technological advancements, innovations, and geographical expansion. Trend for predictive maintenance and growing footfall of IoT will serve as catalysts to expand their footprint across untapped areas. For instance, in February 2023, Seed Group partnered with Samotics, a provider of asset health monitoring, to introduce condition monitoring services to the Middle East. With Samotics' SAM4 technology utilizing electrical signature analysis (ESA) to monitor critical assets, the partnership aims to cater to a growing demand for advanced condition monitoring solutions in the region's thriving industrial sector. Besides, in April 2022, Emerson reportedly contemplated updating machinery health platform to leverage end-users to adopt a modern interface to address and identify a host of standard equipment failures before influencing plant availability. Meanwhile, in April 2022, SKF teamed up with Amazon Web Services to provide an easy-to-scale and easy-to-use condition monitoring and analysis solution. The company expects it will redefine industrial machine reliability and predictive maintenance. Some of the prominent players in the global machine condition monitoring market include:

• ALS

• Emerson Electric Co.

• General Electric

• Honeywell International Inc.

• Megget PLC

• NATIONAL INSTRUMENTS CORP

• Parker Hannifin

• Rockwell Automation, Inc.

• SKF

• Schaeffler AG

Order a free sample PDF of the Machine Condition Monitoring Market Intelligence Study, published by Grand View Research.

#Machine Condition Monitoring Market #Machine Condition Monitoring Industry #Machine Condition Monitoring Market size #Machine Condition Monitoring Market share #Machine Condition Monitoring Market analysis

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techahead-software-blog · 25 days

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Decoding Digital Twin Concept For Mobile Entrepreneurs

Imagine there exists an e-clone, a digital doppelgänger of yourself, in the virtual world.. Someone who can match your real-world capabilities & skills, and provide a replica of your own self, in a virtual world?

Someone who can never be impacted with pain or injury or embarrassment, and accomplish any and every task that you ask you to, with perfection?

It’s no more a fantasy, but a reality.

Welcome to the concept of Digital Twin, which is often declared as the flagbearer of the Industry 4.0 wave.

But what is it exactly and why should you, an entrepreneur and a decision-maker, care? Let's dive in and explore this revolutionary concept that's reshaping how we interact with the physical world.

Digital Twin: A Replica Of A Real-World Entity

A digital twin is a virtual replica of a physical object, process, or system.

It's like having a digital doppelgänger that mirrors its real-world counterpart in real-time.

For example, let’s say a wind turbine: It is equipped with powerful sensors that record data related to temperature, weather impact, energy output and more.

We take this data, send it to a processing system, and create a digital version of that wind turbine that resides inside a computer. This digital copy of the wind turbine can be used to create high level simulations, analyze performance, output and induce enhancements to find out the results, in real-time.

This data can be then used to optimize the real-world wind turbine, and not only save on costs of expensive experiments, but generate more energy, reduce production issues, and eventually, generate more ROI.

Magical, isn't it!

Brief History Of Digital Twin

The very concept of Digital Twin isn't new – NASA has been using similar concepts since the 1960s for space missions. In a research report, it was revealed that NASA has been using Digital Twin, known as Virtual Twin, to enable physical-model simulation of spacecraft, right inside computers and simulators placed on Earth.

That way, NASA was able to find out the exact outcomes of the spacecraft, without investing millions, ensuring high quality results on a consistent basis.

Recent advancements in IoT, ML, AI, and cloud computing have launched the idea of digital twin (earlier called virtual twin by NASA), into the spotlight across various sectors, including mobile apps and digital platforms.

The digital twin market is booming. According to a report, it's expected to grow from $10 billion in 2023-24 to more than $100 billion by 2028, at a CAGR of 64%. This explosive growth showcases how much businesses are betting on digital twin technology to drive innovation and efficiency.

Understanding Digital Twin: From Concept to Implementation

So, how do digital twins work in practice? At its core, a digital twin consists of three main components:

Sensors on the physical object collect data, which is then fed into the digital model. This model uses this data to simulate the physical object's behavior, allowing for real-time monitoring, analysis, and optimization. The connection and the channel between the physical entity and the digital replica is done via Digital Thread.

Let's look at a few real-world digital twin examples, as shared at the beginning of this blog.

Siemens Gamesa, a leader in the wind power industry, uses digital twins to optimize wind farm performance. They create virtual replicas of entire wind farms, allowing them to predict maintenance needs, optimize energy production, and even test new designs before implementation.

This approach has led to a 4000X increase in simulating computational fluid dynamics, which enables the company to enable rapid and accurate simulation of wake effects, thereby boosting productivity and output.

Similarly, Siemens' NX CAD software and Simcenter simulation tools are used to create digital twins of vehicles, enabling engineers to test and optimize designs before physical prototypes are built.

Another very good example is smart cities.

Civil engineers and urban planners are aided by digital twins that show 3D and 4D spatial data in real-time and incorporate augmented reality systems into built environments. This allows city officials to monitor infrastructure, manage traffic flow, and respond to emergencies more effectively.

The Business Value Proposition: Why Digital Twin Matter for Decision Makers

As a decision-maker, you might be wondering, "What's in it for me?" The answer is plenty. Digital twin offers three primary benefits: cost reduction, enhanced decision-making, and innovation.

Let’s find out how, with real-life examples:

This Is How GE Reduced Costs With Digital Twin

By simulating processes and predicting issues before they occur, digital twins can significantly cut down on maintenance costs and downtime.

For instance, GE Healthcare uses digital twins to monitor and maintain medical equipment, all across the globe.

This proactive approach has reduced unplanned downtime by up to 20%, and reduced costs by 30%, thereby saving hospitals millions in lost revenue and improving patient care.

McLaren Racing Ensures Accurate Split-Second Decisions

Digital twin provides a risk-free environment to test scenarios and make data-driven decisions, and McLaren F1 racing team is the perfect example.

They use digital twins to simulate race conditions and optimize car performance, via more than 300 sensors that are attached to the F1 racing cars.

This allows them to make split-second decisions during races, giving them a competitive edge on the track.

Unstoppable Innovations By Procter & Gamble

By providing a platform for virtual experimentation, digital twins accelerate innovation cycles, as observed in Procter & Gamble.

They use digital twins to simulate and optimize their production lines. Using Digital Twins for the assembly lines, and workflows, they know in advance, which factors can cause delays, and have the solutions beforehand.

This has allowed them to bring products to market 20-30% faster, thereby surprising their competitors, and staying ahead of the competition.

Integrating Digital Twin into Your Mobile App Strategy

This is a mobile-first world, and there exists immense possibilities on how the concept of Digital Twin can supercharge mobile applications, and empower the businesses that are built around them.

When developing digital twin-enabled mobile apps, consider these key factors:

A great example of digital twin software in action is Boeing’s AR-powered mobile app, which acts like a digital twin of their aircraft.

This digital twin of Boeing helped them to generate more than 10,000 images, which enabled them to deeply and analytically understand the issues related to maintenance and performance, and produce better planes, at a reduced research expense.

Another area where digital twins are being integrated with mobile apps and digital platforms is in the field of predictive maintenance.

By combining data from sensors on physical assets with machine learning algorithms, digital twins can predict when equipment is likely to fail and recommend preventive maintenance actions. This information can be accessed through mobile apps and digital dashboards, enabling maintenance teams to optimize their workflows and reduce downtime.

Future-Proofing Your Business: Preparing for the Digital Twin Era

As digital twin technologies continue to evolve, staying ahead of the curve is essential. Here are some emerging trends to watch:

AI and Machine Learning Integration: Digital twins are becoming smarter, using AI to predict outcomes and suggest optimizations autonomously.

Digital Thread: This concept links digital twins across an entire product lifecycle, from design to disposal, providing unprecedented insights.

Metaverse Integration: As the metaverse develops, digital twins could become our primary interface with the physical world in virtual spaces.

To start implementing digital twin in your organization:

While the benefits are clear, implementing digital twins does come with challenges. Data security, integration with legacy systems, and the need for specialized skills are common hurdles. However, with careful planning and the right partners, these obstacles can be overcome.

Conclusion: Digital Twins Is Changing The Future Of Tech & Business

Digital twin technology is not just a buzzword – it's a powerful concept that's reshaping how we interact with the physical world, and optimize experiences and outcomes.

By providing unprecedented insights, along with intelligence and enabling proactive decision-making, digital twins are helping businesses across industries to reduce costs, mitigate risks, boost productivity and drive innovation.

As we move further into the digital age, the line between the physical and digital worlds will continue to blur.

Digital twins will play a crucial role in this convergence, offering a bridge between the tangible and the virtual.

For growth-centric businesses, now is the time to explore what digital twins can do for you. After all, in the race for digital transformation, why settle for a single reality when you can leverage two?

Original Source: https://www.techaheadcorp.com/blog/what-is-digital-twin-technology-and-how-does-it-work/

#Decoding Digital Twin #machine learning #Intelligent Actuation

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tamanna31 · 5 days

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Machine Condition Monitoring Market Professional Survey and In-depth Analysis Research Report Forecast to 2030

Machine Condition Monitoring Industry Overview

The global machine condition monitoring market size was valued at USD 2.91 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 7.9% from 2023 to 2030.

Gather more insights about the market drivers, restrains and growth of the Machine Condition Monitoring Market

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

The global application integration market size was valued at USD 15.90 billion in 2023 and is projected to grow at a CAGR of 19.8% from 2024 to 2030.

The global sustainable manufacturing market size was estimated at USD 203.65 billion in 2023 and is expected to grow at a CAGR of 11.6% from 2024 to 2030.

Key Companies & Market Share Insights

ALS

Emerson Electric Co.

General Electric

Honeywell International Inc.

Megget PLC

NATIONAL INSTRUMENTS CORP

Parker Hannifin

Rockwell Automation, Inc.

SKF

Schaeffler AG

Order a free sample PDF of the Machine Condition Monitoring Market Intelligence Study, published by Grand View Research.

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harsh24mr · 1 month

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Semiconductorinsight reports

Artificial Intelligence (AI) Chips Market - https://semiconductorinsight.com/report/artificial-intelligence-ai-chips-market/

Industrial Chips Market - https://semiconductorinsight.com/report/industrial-chips-market/

5G Chipset Market - https://semiconductorinsight.com/report/5g-chipset-market/

Automotive Semiconductor Market - https://semiconductorinsight.com/report/automotive-semiconductor-market/

IoT Semiconductor Market - https://semiconductorinsight.com/report/iot-semiconductor-market/

Memory Chips Market - https://semiconductorinsight.com/report/memory-chips-market/

Microcontroller Market - https://semiconductorinsight.com/report/microcontroller-market/

Power Semiconductor Market - https://semiconductorinsight.com/report/power-semiconductor-market/

RF Semiconductor Market - https://semiconductorinsight.com/report/rf-semiconductor-market/

Sensor Market - https://semiconductorinsight.com/report/sensor-market/

Analog IC Market - https://semiconductorinsight.com/report/analog-ic-market/

Digital IC Market - https://semiconductorinsight.com/report/digital-ic-market/

Embedded Processor Market - https://semiconductorinsight.com/report/embedded-processor-market/

Optoelectronics Market - https://semiconductorinsight.com/report/optoelectronics-market/

Semiconductor Foundry Market - https://semiconductorinsight.com/report/semiconductor-foundry-market/

Semiconductor Packaging Market - https://semiconductorinsight.com/report/semiconductor-packaging-market/

Semiconductor Testing Market - https://semiconductorinsight.com/report/semiconductor-testing-market/

Silicon Photonics Market - https://semiconductorinsight.com/report/silicon-photonics-market/

System-on-Chip (SoC) Market - https://semiconductorinsight.com/report/system-on-chip-soc-market/

Wafer Market - https://semiconductorinsight.com/report/wafer-market/

Advanced Packaging Market - https://semiconductorinsight.com/report/advanced-packaging-market/

Analog Semiconductor Market - https://semiconductorinsight.com/report/analog-semiconductor-market/

Automotive IC Market - https://semiconductorinsight.com/report/automotive-ic-market/

Compound Semiconductor Market - https://semiconductorinsight.com/report/compound-semiconductor-market/

Discrete Semiconductor Market - https://semiconductorinsight.com/report/discrete-semiconductor-market/

Embedded Systems Market - https://semiconductorinsight.com/report/embedded-systems-market/

Gallium Nitride (GaN) Semiconductor Devices Market - https://semiconductorinsight.com/report/gallium-nitride-gan-semiconductor-devices-market/

Graphene Electronics Market - https://semiconductorinsight.com/report/graphene-electronics-market/

High-Performance Computing (HPC) Market - https://semiconductorinsight.com/report/high-performance-computing-hpc-market/

Integrated Circuit (IC) Market - https://semiconductorinsight.com/report/integrated-circuit-ic-market/

LED Driver Market - https://semiconductorinsight.com/report/led-driver-market/

Light Emitting Diode (LED) Market - https://semiconductorinsight.com/report/light-emitting-diode-led-market/

Low Power Wide Area Network (LPWAN) Market - https://semiconductorinsight.com/report/low-power-wide-area-network-lpwan-market/

Microelectromechanical Systems (MEMS) Market - https://semiconductorinsight.com/report/microelectromechanical-systems-mems-market/

Mixed Signal IC Market - https://semiconductorinsight.com/report/mixed-signal-ic-market/

Photonics Market - https://semiconductorinsight.com/report/photonics-market/

Quantum Computing Market - https://semiconductorinsight.com/report/quantum-computing-market/

Semiconductor Intellectual Property (IP) Market - https://semiconductorinsight.com/report/semiconductor-intellectual-property-ip-market/

Thin Film Semiconductor Deposition Market - https://semiconductorinsight.com/report/thin-film-semiconductor-deposition-market/

Wearable Technology Market - https://semiconductorinsight.com/report/wearable-technology-market/

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fusion-compliance-services · 1 month

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TEC Certification Support: Ensuring Telecommunications Compliance in India

TEC Certification is a mandatory requirement for telecommunications equipment in India. The Telecommunication Engineering Center (TEC), under the Department of Telecommunications (DoT), mandates this certification to ensure that telecom products meet the country's standards for safety, reliability, and performance. At Fusion Compliance Services, we provide specialized TEC Certification Support, guiding businesses through the rigorous certification process to ensure compliance and market readiness.

Understanding TEC Certification TEC Certification is required for a wide range of telecommunications equipment, including mobile phones, routers, switches, IoT devices, and other network-related products. The certification process ensures that these devices meet the technical and safety standards outlined by the TEC. The goal is to ensure that all telecom equipment used in India is of high quality, secure, and compatible with the country's telecommunications infrastructure.

TEC certification involves comprehensive testing and evaluation of the equipment, including electromagnetic compatibility (EMC), safety, and other critical parameters. The certification process can be complex, requiring detailed technical documentation and adherence to specific regulatory standards.

Importance of TEC Certification Legal Requirement: TEC Certification is legally mandated for all telecom equipment in India. Without this certification, businesses cannot legally import, sell, or use telecommunications equipment in the country. Non-compliance can result in severe penalties, legal action, and the confiscation of non-certified equipment.

Market Access: For businesses looking to enter or expand in the Indian telecommunications market, TEC Certification is a critical step. It allows companies to legally market their products, ensuring they meet the necessary standards for performance and safety.

Consumer Confidence: TEC Certification assures customers and end-users that the equipment they are purchasing is reliable, safe, and compliant with Indian regulations. This can enhance brand credibility and customer trust, leading to increased market share.

Infrastructure Compatibility: The certification ensures that the telecom equipment is compatible with India’s telecommunications infrastructure, preventing any potential disruptions in service and ensuring seamless connectivity.

How Fusion Compliance Services Can Help Navigating the TEC certification process can be daunting, especially for businesses unfamiliar with the Indian regulatory landscape. Fusion Compliance Services offers comprehensive support to simplify this process:

Consultation and Assessment: Our team of experts provides an initial assessment of your product to determine the specific TEC requirements. We guide you through the applicable standards and help you understand the necessary steps to achieve certification.

Technical Documentation Support: TEC Certification requires extensive documentation, including detailed technical specifications, test reports, and compliance statements. We assist in preparing and submitting all required documents, ensuring they meet the TEC’s stringent requirements.

Product Testing Coordination: Your product must undergo rigorous testing at TEC-approved laboratories to verify its compliance with technical and safety standards. We coordinate with these labs to conduct the necessary tests and ensure accurate and reliable results.

Application Submission: Once all documentation and testing are complete, we help you submit your application to the TEC. Our team ensures that your application is complete and compliant, minimizing the chances of delays or rejections.

Ongoing Compliance and Renewal Support: TEC Certification is not a one-time process. As standards evolve, products may require updates, and certifications may need to be renewed. We offer ongoing support to ensure your product remains compliant and assist with renewals and any additional approvals required for new product versions or updates.

Conclusion TEC Certification is essential for businesses involved in the telecommunications sector in India. It ensures legal compliance, builds consumer trust, and facilitates market access. Expert TEC Certification Support is our specialty at Fusion Compliance Services, and we help companies every step of the way. Our services ensure that your telecommunications equipment meets all regulatory requirements, enabling smooth market entry and sustained success in India’s rapidly growing telecom industry. With Fusion Compliance Services by your side, you can confidently navigate the complexities of TEC certification and establish a strong presence in the Indian market.

Fusion Compliance Services

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#TEC Certification #TEC Certification services #TEC Certification Support #bis license in india

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South East Asia Testing, Inspection & Certification Market - Forecast (2024-2030)

South East Asia Testing, Inspection & Certification (TIC) Market Overview

The South East Asia TIC Market size is estimated to reach US$4.7 billion by 2030, growing at CAGR 4.82% during the forecast period 2024-2030. The growth of South East Asia TIC Market is majorly driven by increasing need for food testing and rising safety regulations and standards for the enhancement of medical device safety measure. Moreover, the rapid growth of consumer electronics industry coupled with the increasing demand for electronics will also trigger the growth of the testing, inspection & certification market in South East Asia. The manufacturer of electronic products needs to comply with various governmental standards to ensure quality testing and certification through RoHS testing, Electromagnetic compatibility (EMC) testing, GS mark certification, CPSR and so on, which in turn drives the market growth of TIC (Testing, Inspection & Certification) services. Furthermore, the demand for TIC services which includes failure & damage analysis, various component testing, e-mobility & battery testing and others in automotive industry is also a major factor that can transform the South East Asia TIC industry outlook in the long run.

The South East Asia Testing, Inspection, and Certification (TIC) market is undergoing significant transformation driven by multiple converging trends. The region's rapid industrialization and economic growth are increasing the demand for robust TIC services to ensure compliance with international standards and regulations. Advancements in digital technologies, such as blockchain, IoT, and AI, are revolutionizing TIC processes, enhancing the accuracy and efficiency of inspections and certifications. The growing emphasis on quality and safety in sectors like food and beverages, pharmaceuticals, and consumer goods is fueling the need for stringent testing and certification protocols. Additionally, the expansion of the manufacturing sector, particularly in automotive and electronics, is driving the demand for specialized TIC services to maintain quality control and meet export requirements. The rise of e-commerce is also contributing to the market growth, as online retailers seek to ensure product safety and authenticity. Environmental sustainability and regulatory compliance are becoming increasingly important, prompting companies to adopt comprehensive TIC services to meet green standards and reduce environmental impact. These trends collectively are enhancing the significance of TIC services in ensuring product quality, safety, and compliance across various industries in South East Asia.

South East Asia TIC Report Coverage

The “South East Asia TIC Market Report – Forecast (2024-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the South East Asia TIC Market.

By Type: Outsourcing, In-house

By Types of Services: Testing Services, Inspection Services, Certification Services

By End Users: Agriculture, Automotive, Food, Consumers (textile, cosmetic, toys, apparel, furniture, stationary, hand tools), Medical & Life Science, Marine, Manufacturing, Building & Infrastructure, Industrial Equipment, Retail, Rail, E-Commerce, Meteorology, Others.

By Geography: Indonesia, Malaysia, Sinagpore, Philliphines, Thailand, Vietnam, Others (Myanmar, Laos, Cambodia, Brunei, Timor-Leste)

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Key Takeaways

Testing Services held the major market share in 2023 owing to rising implementations of integrated testing solutions for wide range of end users including automation and control systems, battery storage, F&B processing, communication protocol and so on.

E-Commerce segment is analysed to grow at the fastest rate during the forecast period 2024-2030 owing to increasing internet and mobile phone usage, high penetration of IoT as well as improved e-payment methods& logistics.

Indonesia held the highest market share in 2023 Vietnam is analysed to grow at the fastest rate during the forecast period 2024-2030 owing to rapid growth of manufacturing sector and rising investments on railway infrastructure.

The increasing demand towards food testing and rising safety regulations and standards imposed by global as well as regional government bodies for the enhancement of medical device safety measure are analysed to significantly drive the market growth of South East Asia TIC market during the forecast period 2023-2030.

South East Asia TIC Market Segment Analysis- by Type of Services

Testing Services held the major market share in 2023 with a market size of $1.7 Billion and is estimated to reach $2.3 Billion by 2030 with a CAGR of around 4.51% during the forecast period 2024-2030. The growth is mainly attributed to rising implementations of integrated testing solutions for wide range of end users including automation and control systems, battery storage, F&B processing, communication protocol, maritime equipment material, oil & gas structure and components and others to increase productivity and customer satisfaction. In September 2022, Intertek announced the launch of their new Vegan Foods Certification. The Intertek Vegan Certification is designed to determine the suitability of food products for vegan and plant-based consumers. These factors are set to influence the growth of global South East Asia industry in the long run.

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South East Asia TIC Market Segment Analysis- by End User

E-Commerce segment is analysed to grow at the fastest rate of 9.84% during the forecast period 2024-2030. The growth of the E-Commerce in South East Asia is mainly driven by increasing internet and mobile phone usage, high penetration of IoT as well as improved e-payment methods& logistics. According to an article by Inside Monkey, E-commerce growth in Southeast Asia stands out at an 20.6% expansion in 2022, with sales reaching $89.67 billion from $74.36 billion in 2021 and is expected to pass $100 billion by 2023. Ecommerce sites or mobile applications need to undergo different tests including functionality, usability, security, performance, database and mobile application. TIC services judge the authenticity of the websites by testing the design, specifications, functionalities and various features to check their sanity and to ensure the protection level of the sites against any potential threats. Such benefits of these services drive the growth of TIC services market in this region. Moreover, the E-commerce sector in this region witnessing increasing cases of fraud and cyber-attacks which enhances the demand for testing, inspection and certification services in this industry. In Southeast Asia, digital payment methods are becoming increasingly accepted by most businesses and services today. According to a recent Kaspersky research titled “Mapping a secure path for the future of digital payments in APAC” published in April 2022, e-payment are the top encountered threat for most Southeast Asia countries including Indonesia (40%), Malaysia (45%), The Philippines (42%), Singapore (32%), and Vietnam (38%). Thus, significant rise in number of e-payment frauds can cater to the demand for testing, inspection & certification services within the industry.

South East Asia TIC Market Segment Analysis- by Geography

Indonesia held the highest market share of 20.9% in 2023. The economy of Indonesia is majorly driven by exporting of crude oil and natural gas and holds well established manufacturing industry, agriculture, mining and others. According to U.S Energy Information Administration, the production of petroleum and other liquids totalled 887,000 barrels per day in Indonesia in 2022, making it the seventh-largest exporter of liquefied natural gas, thus creating significant opportunities for the growth of the TIC Market. The rising number of railway infrastructure projects can be considered vital in fueling the market demand for quality testing, electromagnetic testing, and related inspection services for rail components used in the construction process within the country. In January 2022, the Indonesian Government announced the construction of the multibillion-dollar railway project with an estimated cost of $7.9 billion. It will involve the deployment of signaling systems, rolling stocks, and many related components. Such projects are bound to drive the need for railway operators or authorities to meet up with the required regulatory compliance, which in turn, can be considered vital in transforming the South East Asia TIC industry outlook in the long run.

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South East Asia TIC Market Drivers

Rising Demand Towards Food Testing or Inspection due to Increasing Import/Export activities, Agricultural or Food Contamination, Food Safety Violation and Others is Surging the Demand for Testing, Inspection & Certification Services:

The increasing demand towards food testing owing to rising import/export activities, agricultural or food contamination, food safety violation and others is one of the major growth drivers boosting the adoption rate of testing, inspection & certification services in South East Asia. Food industry is considered as a highly regulated industry due to stringent regulatory compliance ensuring food quality assurance and safety for the consumers. The levels of product recalls owing to the presence of harmful ingredients or contamination or the undeclared presence of an allergen or not an approved additives are rising within the Southeast Asian nations. Moreover, the levels of agricultural trade (both export and import) are successively increasing owing to the population boost in various countries under scope, which will support the growth of the TIC market. As per World Bank 2021, the population of Philippines grew by 1.3% in the period of 2019-20. According to International Trade Administration July 2022 update, agricultural imports in Indonesia reached over $24 billion in 2021, owing to high demand for rice, wheat, soybeans, fresh fruits, dairy beef and various feed ingredients. The following marks an increase by $5 billion or 26% from 2020 import values. Furthermore, nearly 57.8% of the total import value regarding the agricultural products in the Indonesia market was dominated by five suppliers including China, Australia, U.S, Brazil as well as India. Such increase in imports can boost the adoption of food testing services which in turn can influence the market growth.

The Safety Regulations and Standards imposed by Global as well as regional government bodies for the enhancement of medical device safety measure is accelerating the growth of South East Asia TIC Market:

A major driver in the South East Asia TIC market is the implementation of stringent regulatory requirements across various industries. Governments in the region are increasingly adopting and enforcing rigorous standards to protect consumer safety, ensure product quality, and safeguard the environment. This regulatory landscape compels companies to adhere to strict testing, inspection, and certification protocols to gain market access and maintain competitiveness. The pharmaceutical and food industries, in particular, face heightened scrutiny, necessitating comprehensive TIC services to comply with health and safety standards. The automotive and electronics sectors also require extensive TIC processes to meet international export standards. The continuous update and tightening of regulations drive the demand for specialized and advanced TIC services, fostering market growth as companies strive to align with evolving compliance requirements.

The rising safety regulations and standards imposed by global as well as regional government bodies for the enhancement of medical device safety measure is creating demand for the TIC services which in turn triggers the growth of this market. The demand for Class III medical devices such as High-frequency ventilators, blood sampling monitors, oxygen supply units and so on have been growing overtime majorly amidst the pandemic as these devices are used to maintain or protect human life. Since these devices require licensed FDA approvals before distribution across countries, the market growth of TIC services is impacted significantly. Medical device testing is critical to the entire medical device development lifecycle to ensure the safety of patients and device users. In January 2021 the Philippines Food and Drug Administration (FDA) issued circular n° 2021-001 on the product standards to which Medical Devices must comply for notification or registration. The circular was issued so that local Manufacturers, Importers and/or Distributors must comply to obtain a certificate of Medical Device notification (CMDN) or a certificate of Medical Device registration (CMDR). In August 2021, FDA had released a list of Class-A 1242 product categories in its circular 2021-017, in order to support and clarify regulatory requirements for medical manufacturers looking for market access within Philippines. Under this, medical device manufacturers of Class A products specified under the ASEAN MDD, need to mandatorily obtain a Certificate of Medical Device Notification, (CMDN), before manufacturing, distribution, importing, selling, or advertising the medical devices within the country. Thus, rise in regulations and standards can boost the demand of testing, inspection & certification services among the medical device manufacturers.

South East Asia TIC Market Challenges

Lower Level of Digital Adoption by the Key Players coupled with the Continued Impact of Bottlenecks in Trade Flows across South East Asia region owing to Shortage of Cargo Container are Limiting the Market Growth:

Low level of digital adoption coupled with continued impact of bottlenecks in trade flows acts as a major challenge restraining the market growth of TIC market in South East Asia. According to Rothchild & Co report published in May 2021, the testing-inspection-certification digital maturity substantially lags behind the other various end-user industries which shall pose problems in the long-run. Some of the common industries against which the TIC lacked under digital technology is energy, financial institutions, industrial goods, insurance, and telecommunications. Additionally, Shortage of shipping cargos, shipment cancellations, growing freight rates along with many others have emerged as some of the prime factors adversely impacting domestic manufacturing operations across various Southeast Asian countries owing to dependency on raw material imports within the country. According to Westports Holdings Berhad report, Malaysia faces a container throughput slipping 1% year on year to 10.4 million TEUs (20ft equivalent units) in 2021. Container throughput at Westports was down 10% y-o-y in 1Q2022, reaching 2.39 million TEUs versus 2.66 million TEUs handled in 1Q2021 which leads to supply chain disruption. These factors are limiting the demand for South East Asia TIC which in turn hampers the market growth.

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South East Asia TIC Industry Outlook

Product launches, acquisitions and R&D activities are key strategies adopted by players in the South East Asia TIC Market. The top 10 companies in the South East Asia TIC market are:

SGS SA

Bureau Veritas

Intertek

DNV GL

TUV SUD AG

ALS GLOBAL

DEKRA SE

Eurofins

Cast Laboratories PTE LTD

Singapore Laboratory Services PTE LTD

Recent Developments

In December 2022- Intertek, a leading Total Quality Assurance provider to industries, announced the launch of Intertek Green R&D, an innovative integrated solution that ensures the sustainability, quality and safety attributes of a product are maintained.

In June 2022- DNV launched the MyISRS digital self-assessment tool. The service is estimated to aid organizations to run an online independent high-level survey for quality assessing applications. Some of the key industries in South East Asia that can benefit from the service include oil and gas, chemicals, utilities, power generation, telecommunication, pharmaceutics, transport, food, and beverage, and maritime.

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