A report by IDC revealed businesses registered significant or some level of improvement in their supply chain only after digitalising processes, especially documentation.
Apple Reshuffles Management Team To Focus More On India
Apple reportedly reshuffled its management team and promoted a head of its Indian market, making India a separate sales region, a sign of the India’s growing importance, which has seen double-digit sales growth in the South Asian nation.
IDC: Vivo Secures The Top Spot In Chinese Smartphone Market For Q3 2022
The Chinese smartphone market is the biggest one in the world and according to IDathe steady decline trend continues throughout Q3 this year.
India’s Consumer Electronics Prices Set To Rise
Analysts noted while the ongoing festival sales are seeing attractive deals on electronics, prices could rise significantly post the sales.
Worldwide Spending On IoT To Reach US$745 Billion In 2019
Worldwide spending on the Internet of Things (IoT) is forecast to reach USD 745 billion in 2019, an increase of 15.4 percent over the US$646 billion spent in 2018, according to a new update to the International Data Corporation (IDC) Worldwide Semiannual Internet of Things Spending Guide. Overall, IDC expects that the worldwide IoT spending will maintain a double-digit annual growth rate throughout the 2017-2022 forecast period and surpass the US$1 trillion mark in 2022.
“Adoption of IoT is happening across industries, in governments, and in consumers’ daily lives. We are increasingly observing how data generated by connected devices is helping businesses run more efficiently, gain insight into business processes, and make real-time decisions. For consumers, access to data is changing how they are informed about the status of households, vehicles, and family members as well as their own health and fitness,” said Carrie MacGillivray, Vice President, Internet of Things and Mobility at IDC. “The next chapter of IoT is just beginning as we see a shift from digitally enabling the physical to automating and augmenting the human experience with a connected world.”
The industries that are forecast to spend the most on IoT solutions in 2019 are discrete manufacturing (US$119 billion), process manufacturing (US$ 78 billion), transportation (US$71 billion), and utilities (US$61 billion). IoT spending among manufacturers will be largely focused on solutions that support manufacturing operations and production asset management. In transportation, more than half of IoT spending will go toward freight monitoring, followed by fleet management. IoT spending in the utilities industry will be dominated by smart grids for electricity, gas, and water.
The IoT use cases that will see the greatest levels of investment in 2019 are driven by the industry spending leaders: manufacturing operations (US$100 billion), production asset management (US$44.2 billion), smart home (US$44.1 billion), and freight monitoring (US$41.7 billion). The IoT use cases that are expected to deliver the fastest spending growth over the 2017-2022 forecast period provide a picture of where other industries are making their IoT investments. These include airport facility automation (transportation), electric vehicle charging (utilities), agriculture field monitoring (resource), bedside telemetry (healthcare), and in-store contextualized marketing (retail).
IoT services will be the largest technology category in 2019 with US$258 billion going toward traditional IT and installation services as well as non-traditional device and operational services. Hardware spending will be close behind at US$250 billion led by more than US$200 billion in module/sensor purchases. IoT software spending will total US$154 billion in 2019 and will see the fastest growth over the five-year forecast period with a CAGR of 16.6 percent. Services spending will also grow faster than overall IoT spending with a CAGR of 14.2 percent. IoT connectivity spending will total US$83 billion in 2019.
The United States and China will be the global leaders for IoT spending in 2019 at USD 194 billion and USD 182 billion respectively. They will be followed by Japan (US$65.4 billion), Germany (US$35.5 billion), Korea (US$25.7 billion), France (US$25.6 billion), and the United Kingdom (US$25.5 billion). The countries that will see the fastest IoT spending growth over the forecast period are all located in Latin America: Mexico (28.3 percent CAGR), Colombia (24.9 percent CAGR), and Chile (23.3 percent CAGR).
The Worldwide Semiannual Internet of Things Spending Guide forecasts IoT spending for 14 technology categories and 82 named use cases across 20 industries in nine regions and 53 countries. Unlike any other research in the industry, the comprehensive spending guide was designed to help vendors clearly understand the industry-specific opportunity for IoT technologies today.
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Four Providers Of Cobots Named IDC Innovators
International Data Corporation (IDC) has published an IDC Innovators report profiling four companies developing collaborative robots to help drive the adoption of collaborative robotic automation and elevate the overall competitiveness of the end-user organisations. The four companies named IDC Innovators are AUBO Robotics, Franka Emika, JK-Tech Robotics, and Techman Robotics.
Intelligent collaborative robots (cobots) equipped with sensors, visions, mobility, and data analytics are finding their sweet spot applications in manufacturing, logistics, and other industries. The deployment of cobots have experienced significant growth in recent years. This trend is expected to continue in the coming years, fueled by the maturity of technology, availability of a broader range of solutions, and the accumulation of application experiences by the user community and ecosystem players.
“Cobots are being increasingly deployed by many manufacturing and logistics organizations to increase operations efficiency, agility, and product quality,” said Jing Bing Zhang, Research Director, IDC Worldwide Robotics. “With more and more vendors entering the market, it becomes imperative for vendors to focus on delivering highly differentiable and value-added solutions to address the pain points of the target customers.”
AUBO Robotics has developed several cobot models featuring high positional repeatability, open architecture and modular joint design. Users can customise the number of joints and the length between the joints to meet specific application requirements.
Franka Emika offers a seven-axis, modular, and ultra-lightweight cobots designed to interact with and assist humans safely. The company also provides Conformité Européenne (CE)-certified out of the box solution app packages for pre-defined applications.
JK-Tech Robotics has developed highly sensitive seven-axis robots with integrated torque sensors for all seven joints. This ensures that the cobots are highly sensitive, flexible, and responsive to external contact and resistance.
Techman Robotics offers several models of cobots and mobile cobots with integrated visions systems, which increases the versatility and flexibility of its robots in carrying out industrial tasks and eliminates the need for precise presentation of materials to be handled.
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Worldwide Spending On 3D Printing To Reach US$13.8 Billion in 2019
A new update to the Worldwide Semiannual 3D Printing Spending Guide from International Data Corporation (IDC) shows that global spending on 3D printing (including hardware, materials, software, and services) will hit US$13.8 billion in 2019. This is an increase of 21.2 percent from 2018. By 2022, IDC expects worldwide spending to be nearly US$22.7 billion with a five-year compound annual growth rate (CAGR) of 19.1 percent.
Together, 3D printers and materials will account for more than two thirds of the total worldwide spending throughout the forecast period, reaching US$5.3 billion and US$4.2 billion respectively in 2019. Services spending will trail slightly behind, reaching US$3.8 billion in 2019 and this will be led by on-demand parts services and systems integration services. Spending growth for materials and software will outpace the overall market with five-year CAGRs of 20.3 percent and 17.1 percent respectively.
Discrete manufacturing will be the dominant industry for 3D printing, delivering more than half of all worldwide spending throughout the 2018-2022 forecast. Healthcare providers will be the second largest industry with a spending total of nearly US$1.8 billion in 2019, followed by education (US$1.2 billion) and professional services (US$898 million). Consumer spending will account for less than 5 percent of the worldwide total at US$647 million. By 2022, IDC expects process manufacturing to move into the number 5 position ahead of the consumer segment. The industries that will see the fastest growth in 3D printing spending over the five-year forecast are healthcare (29.8 percent CAGR) and transportation (28.3 percent CAGR).
The leading use cases for 3D printing are prototypes, aftermarket parts, and parts for new products. As the primary use cases for the discrete manufacturing industry, these three use cases will account for 43 percent of worldwide spending in 2019. As spending by the healthcare industry rises, dental objects and medical support objects will become the fourth and fifth largest use cases in 2022, followed closely by specialized tools. The use cases that will see the fastest spending growth are tissue/organ/bone (42.9 percent CAGR) and dental objects (33.1 percent CAGR).
“As anticipated, we are seeing a wider adoption of 3D printing use cases worldwide,” said Marianne D’Aquila, Research Manager, Customer Insights and Analysis at IDC. “3D printing has moved beyond its early days of prototyping in manufacturing and is proliferating to other use cases and industries. The benefits of customised, cost-effective printing are being realised in a more diverse manner, as exemplified by growing spend in aftermarket parts in manufacturing, surgical models in healthcare, and architectural designs in professional services, to name a few.”
“We’ve seen a lot of development on the 3D printing technology side in 2018. Rapid increases in production speeds combined with major advances in 3D printing materials is enabling the use of 3D printing in manufacturing across a wider range of applications,” said Tim Greene, Research Director, Hardcopy Peripherals and 3D Printing at IDC. “As more users recognise these benefits they are looking for more ways to use the technology, which drives higher levels of equipment utilisation for prototyping, tooling, and real manufacturing.”
The United States will see the largest spending total in 2019 (nearly US$5.0 billion) followed by Western Europe (US$3.6 billion) and China (nearly US$2.0 billion). The regions that will see the fastest spending growth over the five-year forecast period are Latin America (25.3 percent CAGR) and China (21.6 percent CAGR). Five of the nine geographic regions are expected to see compound annual growth rates greater than 20 percent over the forecast period.
The Worldwide Semiannual 3D Printing Spending Guide quantifies the opportunity for 3D printing, which enable the creation of objects and shapes made through material that is laid down successively upon itself from a digital model or file. Spending data is available for 15 use cases across 20 industries in nine geographic regions. Data is also available for 3D printing hardware, materials, software, and services. Unlike any other research in the industry, the comprehensive spending guide was designed to help IT decision makers to clearly understand the industry-specific scope and direction of 3D printing expenditures today and over the next five years.
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3D Scanner Market To Experience Double Digit Growth Till 2022
In its first forecast of the 3D scanner market, International Data Corporation (IDC) projects that worldwide 3D scanner shipments will grow to more than 273 million units in 2022 with a compound annual growth rate (CAGR) of 18.0 percent over the 2018-2022 forecast period. Total market value is expected to reach USD 1.74 billion in 2022 with a five-year CAGR of 11.5 percent.
Since the development of 3D scanners, the market has been largely focused on a few industries and use cases. Oil refineries and related plants are one of the largest clients for these products on an industrial level and manufacturing, particularly the auto industry, has used 3D scanning as a means of determining quality control and inventory management. Als0 as prices have come down over the past ten years, the market for 3D scanners has begun to expand and starting with ocular and dental use cases, the medical field has been exploring the use of 3D scanners for a variety of applications.
“The fragmented and concentrated nature of the 3D scanning market kept the market from expanding in the past. Within the past decade, continued interest in various vertical industries and similar factors leading to the growth of the 3D printer market are starting to push the market toward more mainstream applications. Our forecast looks at the main influences that push this market forward, and what we expect will lead to future developments,” said Max Pepper, Research Analyst, Imaging, Printing, Document Solutions at IDC.
For the purposes of this forecast, a 3D scanner is a metrological device that can optically identify, analyse, collect, and display geometric shapes or three-dimensional environments within a digital environment using computer-aided modeling. Optical 3D scanners use a variety of technologies, including structured light (both “blue light” and “white light”), laser triangulation, time of flight, phase shift, stereoscopic, infrared laser, and photogrammetry. IDC’s definition does not include contact scanners.
The 3D scanner market can be segmented into two sub-markets for handheld and stationary configurations. Handheld 3D scanning devices have a handle and are meant to be physically moved around an object to scan while being held. Stationary 3D scanners are those devices that do not fit the definition of a “handheld” device and includes shoulder- and cart-mounted devices as well as scanners attached to robotic arms.
In 2017, stationary scanners represented 57 percent of worldwide 3D scanner shipments with the remaining 43 percent belonging to handheld scanners. By 2022, IDC expects shipments of handheld scanners will grow to 45 percent of the overall market. This is largely due to the growth in the <USD 5,000 price band where handheld units are more popular and improvements in handheld technology among professional and industrial-focused products. In terms of market value, higher-priced stationary 3D scanners are expected to maintain their 89 percent share of overall market value throughout the forecast.
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Worldwide Spending On IoT To Reach USD 745 Billion In 2019
Worldwide spending on the Internet of Things (IoT) is forecast to reach USD 745 billion in 2019, an increase of 15.4 percent over the USD 646 billion spent in 2018, according to a new update to the International Data Corporation (IDC) Worldwide Semiannual Internet of Things Spending Guide. In all, IDC expects that worldwide IoT spending will maintain a double-digit annual growth rate throughout the 2017-2022 forecast period and surpass the USD 1 trillion mark in 2022.
“Adoption of IoT is happening across industries, in governments, and in consumers’ daily lives. We are increasingly observing how data generated by connected devices is helping businesses run more efficiently, gain insight into business processes, and make real-time decisions. For consumers, access to data is changing how they are informed about the status of households, vehicles, and family members as well as their own health and fitness,” said Carrie MacGillivray, Vice President, Internet of Things and Mobility at IDC. “The next chapter of IoT is just beginning as we see a shift from digitally enabling the physical to automating and augmenting the human experience with a connected world.”
The industries that are forecast to spend the most on IoT solutions in 2019 are discrete manufacturing (USD 119 billion), process manufacturing (USD 78 billion), transportation (USD 71 billion), and utilities (USD 61 billion). IoT spending among manufacturers will be largely focused on solutions that support manufacturing operations and production asset management. In transportation, more than half of IoT spending will go toward freight monitoring, followed by fleet management. IoT spending in the utilities industry will be dominated by smart grids for electricity, gas, and water. The industries that will see the fastest compound annual growth rates (CAGR) over the five-year forecast period are insurance (17.1%), federal/central government (16.1 percent), and healthcare (15.4 percent).
The IoT use cases that will see the greatest levels of investment in 2019 are driven by the industry spending leaders: manufacturing operations (USD 100 billion), production asset management (USD 44.2 billion), smart home (USD 44.1 billion), and freight monitoring (USD 41.7 billion). The IoT use cases that are expected to deliver the fastest spending growth over the 2017-2022 forecast period provide a picture of where other industries are making their IoT investments. These include airport facility automation (transportation), electric vehicle charging (utilities), agriculture field monitoring (resource), bedside telemetry (healthcare), and in-store contextualised marketing (retail).
IoT services will be the largest technology category in 2019 with USD 258 billion going toward traditional IT and installation services as well as non-traditional device and operational services. Hardware spending will be close behind at USD 250 billion led by more than USD 200 billion in module/sensor purchases. IoT software spending will total USD 154 billion in 2019 and will see the fastest growth over the five-year forecast period with a CAGR of 16.6 percent. Services spending will also grow faster than overall IoT spending with a CAGR of 14.2 percent. IoT connectivity spending will total USD 83 billion in 2019.
The United States and China will be the global leaders for IoT spending in 2019 at USD 194 billion and USD 182 billion respectively. They will be followed by Japan (USD 65.4 billion), Germany (USD 35.5 billion), Korea (USD 25.7 billion), France (USD 25.6 billion), and the United Kingdom (USD 25.5 billion). The countries that will see the fastest IoT spending growth over the forecast period are all located in Latin America: Mexico (28.3 percent CAGR), Colombia (24.9 percent CAGR), and Chile (23.3 percent CAGR).
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Interview With Ms. Tan Yen Yen, President, Asia Pacific At Vodafone Business
Asia Pacific Metalworking Equipment News is pleased to interview Ms. Tan Yen Yen, President, Asia Pacific at Vodafone Business regarding Vodafone’s achievements for 2018, the company’s aims for 2019, and the trends that will shape the industry in the following year.
1) Can you sum up your company’s focus and achievements in 2018?
In the era of unprecedented change, our focus remains on delivering what our customers need so that they are better prepared for the future. To that end, our biggest highlight for 2018 would be the refresh of Vodafone’s enterprise division brand – now called Vodafone Business – which renews our commitment on putting customers and tangible business outcomes at the core of what we do.
In the past year, Vodafone expanded our connectivity in building over 1 million km of fibre network globally. As a result, we were able to augment our relationships with global brands and collectively work towards building a connected economy. Vodafone also recently announced a partnership with Hyundai Motor and Kia Motors to provide customers with fully-connected in-car infotainment and connected car services. Connectivity was a focus area for Vodafone in the past year and will continue to be in 2019.
We were also positioned in the ‘Leaders’ category in IDC’s 2018 Asia/Pacific Communication Service Provider MarketScape for the first time. Vodafone was the biggest mover in this year’s study in terms of its year-on-year growth on the index, largely owing to our refreshed focus on further growing the enterprise practice in the region with a distinguished focus on customer excellence.
2) What are your expectations on the regional economy in 2019?
Vodafone just launched the 2019 Global Trends Report, which identifies customer centricity, ethics and purpose, and Artificial Intelligence (AI) deployment as key business priorities for the next 12 months.
The speed and pace of change as a result of digital transformation is driving businesses to rethink business models to ensure they can continue to deliver on evolving customer demands. 2019 will also be the year that businesses gear up for 5G to improve operations and the customer experience.
The coming year marks an inflection point in the regional economy’s growth. We see 5G as the catalyst for the Internet of Things to flourish. Singapore and Hong Kong are leading the region in supporting the development of 5G, with other nations to follow suit shortly. Higher bandwidth, lower latency and its ability to support more connected devices will see 5G enabling innovative IoT services and applications to be deployed at scale. This will be a game changer for businesses across multiple industries, from manufacturing to automotive as it offers access to real-time data, enabling increased efficiency, improved visibility into performance and ultimately a better customer experience.
3) What business trends in Asia capture your interest for growth next year? What do you think is the key industry trend to watch?
Digital transformation has driven the agenda in many boardrooms this year, increasing the impetus for businesses to rethink business models and ensure they can deliver on customer expectations. In 2019, leaders will need to prioritise how they adapt to changing demands, as disruption continues to impact every facet of a business.
Vodafone gathered the following key insights from our 2019 Global Trends Report, a survey of over 1,700 businesses on what matters most in the year ahead:
- Technology-led disruption is putting people at the heart of the business
As technology rapidly disrupts realities, the human relationship becomes invaluable. Businesses need to take a people centric approach to get ahead of changing customer needs in a market that is being reshaped by technology at lightning speed.
- Commercial success is tied to purpose, ethics and trust
As organizations go toe-to-toe on price points and new offerings, businesses need to seek differentiation in new areas and manage perceptions of their organisations carefully. Trust is an important barometer of customer loyalty.
- A balance is being struck between human and machine
Leaders are recognising the need to create an environment that allows people to thrive, supported by automation and machines. Employees’ expectations of the future of work is changing and businesses must heed the tide to attract and retain the best talents
It is clear that people must remain at the heart of every business that seeks to thrive in the increasingly digital world. Customisation is the name of the new game and businesses must tailor services to individual needs of all stakeholders. Communications and mobility technologies will become the cornerstone of transforming the human experience and improving lives.
4) What potential opportunities do you see in the industry next year?
Business leaders are starting to recognise the value of automation. While three-quarters of total task hours are still driven by humans, the World Economic Forum expects the divide between man and machine to equalise by 2022.
To address this shift, businesses need to rethink their approach to implementing automation at the workplace. Machines should complement and enhance their human workforces’ comparative strengths, instead of simply driving cost savings from reducing the number of human workers.
There will be an opportunity for the region to accelerate digital transformation initiatives with automation technologies next year, but only if business leaders create supportive workplace environments to do so. Business leaders will be tasked to embrace and address employees’ expectations and fears of machines in the workforce.
In our recent Global Trends Barometer report for 2019, we found that businesses are optimistic about the opportunities AI can provide, but do not yet fully understand its implications. This has caused an AI divide to emerge in the workplace and business need to act quickly to champion a positive mindset towards change. In order to make the best of the opportunity, enterprises need to demonstrate to employees that AI represents an opportunity. Additionally, this must be supported by a strategy that puts people development and growth at the centre, deploying talents to more strategic tasks and finding a role for those displaced by automation.
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