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billion by 2027. McKinsey & Co estimates that the global market for digital twin technologies are forecasted to grow at 60% annually over the next five years reaching $73.5
The demand for the automation of transactional business processes continued to increase, fueled by the shortage in skilled staff and increasing customerexperience expectations following the pandemic. The Public Sector, which consists of Federal, State and Local Government (incl.
For the Capture & IDP Software market in the EMEA region, Infosource predicts an accelerated growth of end customer investments in the next 5 years. AI-based solutions and subscription-based services will lower the barrier to entry for process automation and meet requirements for improved customerexperience and employee satisfaction.
trillion in 2027. Private clouds are ideal settings for organizations in industries with sensitive data—like those in finance, government or healthcare—that require stringent regulatory or security requirements. What is a public cloud? A dedicated cloud provider or third-party infrastructure can also host a private cloud.
The ESPR mandates the deployment of digital product passports across a broad range of product categories, but the details are governed by additional regulations that focus on specific types of goods. The UK government has proposed a policy concept for product passports as part of its waste and resource strategy.
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