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Technology and Innovation
Companies are unlocking the business potential of innovation by combining strategy, technology, and marketing. These activities lead to higher competitiveness and finally, to a superior trade performance, the base for faster growth. The commercial importance of innovation encompasses the growing mobility, trade, and cultural links across Asia, the Middle East, Africa, Europe, and the Americas, enabling new pathways of cultural exchange, business, and investment.
Some of the steepest growth of emerging and deep tech tech is predicted for AI, which is forecasted to reach a market value of US$300 billion by 2026. An annual growth rate (CAGR) is predicted of nearly 40 percent until 2026.
Business and Market Research shows a rising demand for virtual assistants and an increased implementation of cloud based applications. Both will boost the growth potential of Artificial Intelligence.
Robotics, another growing segment is predicted with a market value of about US$150 billion by 2025. Automation and Virtual Reality (VR), both have been labelled as a disruptive buzz word for traditional industries, is set to drive the growth .
Innovative technology is driving the future growth - regardless is we talk about mobility, green deals, agro tech or impact investment.
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