Frost & Sullivan predicts the market will likely experience a boom with investments in telecommunications network upgrades to 5G standards driving growth.
Increasing government focus on such initiatives is driving demand for digital IoT solutions in areas such as e-government, smart traffic management and smart power grids.
According to analysis from Frost & Sullivan, hydrogen production will double by 2030 as the world advances towards a sustainable energy economy and countries battle climate change.
According to analysis from Frost & Sullivan, post-pandemic, investment in smart projects like smart grids, autonomous vehicles, smart lighting and e-governance will gain traction.
Frost & Sullivan analysts are calling on technology leaders to assess the emerging opportunities resulting from Covid-19 and innovate to build company-, society-, and consumer resilience.
Analysis by Frost & Sullivan reveals how digitisation and advancements in Internet of Things are driving the large-scale adoption of sensor technologies for the development of smart cities.
Korean AV platform provider SpringCloud is partnering with Deepen AI to progress the development of autonomous vehicle sensor technology in the country