The widespread adoption of cloud computing has transformed the data center landscape. Although it significantly cut the number of organizations operating their own data centers, it has also fueled a surge in the global data center count. Still, no market is even close to the United States when it comes to the total number of data centers.
Packaging and labels are increasingly important to the strategic future of the printing industry, with annual sales now worth more than half a trillion dollars.
While traditional publication and graphics markets are static or in decline, rising consumption of packaged goods is fueling growth. This was witnessed at Drupa 2024 earlier this year, with multiple OEMs debuting new machines for printing corrugated board, folding cartons, flexible packaging and labels.
The AI industry has grown tremendously over the past years. Since 2020, the entire market has practically doubled and hit a $184 billion value, while the number of people using AI tools tripled to nearly 315 million. However, besides a massive revenue and user increase, the AI space has also seen a surge in patent activity, pushing the number of active patent families to remarkable heights.
Although traditional PCs remain the number one choice for most consumers buying a new device, the surging demand for AI-driven applications has boosted the popularity of AI PCs, both in consumer and professional sectors. This trend is expected to continue in the following years, with AI PC gaining a much bigger market share than this year.
Global IT Business-to-Business (B2B) revenues, coming from data centers, IT services and devices, public cloud, cybersecurity, semiconductors, artificial intelligence, IoT, and robotics have soared over the past five years as these technologies become essential for companies across industries to operate, compete and innovate efficiently. Back in 2019, the entire market grossed roughly $3.7 trillion. Since then, this figure has jumped by more than 60% and will continue growing in the following years.
Print is dead? Long live print! “The radical upheaval in the printing industry is far from over,” emphasizes Oliver Kutsch, CEO of Ceresana: “Conventional advertising brochures, catalogs, and publication printing are continuing to lose importance, while the market for printed books is stabilizing somewhat for the time being.
Less than two years after the release of ChatGPT, a milestone that catapulted the AI industry into the global spotlight, generative AI remains one of the fastest-growing segments in the AI landscape. With hundreds of millions of tech-savvy users worldwide embracing generative AI as their everyday tool, the entire industry is set to hit a record valuation and increase its market share significantly.
Packaging machine manufacturing continues to grow, with turnover of €9.2 billion in 2023 and exports worth €7.2 billion
The automatic packaging and wrapping machinery market continues to flourish, increasing exponentially year after year and recording a total turnover of €9.229 billion during 2023, which marks an 8% rise against the previous year. After 2021 and 2022, this is the third record in a row. A significant achievement, with 78.7% of the revenues coming from international markets (for a total of €7.262 billion), and 21.3% nationally (amounting to €1.967 billion).
The surging AI chip sales, especially in the generative AI field, continue fuelling semiconductors market growth, helping it recover from a challenging 2023 and hit new record highs.
The AI revolution might only be in its nascent stage, but the funding in AI-based startups is already on a decline after peaking in 2021. According to the numbers presented by NoKyc.com, venture capitalists invested a total of $42.5 billion in AI startups in 2023. This was the second consecutive year to witness a decline in fundings in Artificial Intelligence-based start-ups.
The service robot market has undergone major changes over the past years. AI and machine learning enabled the development of machines capable of performing a variety of tasks with greater accuracy and efficiency than ever before. As a result, the entire sector has skyrocketed, growing much faster than the industrial robot market.
The waterborne coatings industry is focused on producing coatings, and finishes that primarily utilize water as a solvent instead of traditional petroleum-based chemicals. These coatings find extensive use across architectural, automotive, industrial, and packaging applications. Waterborne coatings offer several advantages over solvent-based alternatives.
Although the gaming and ecommerce sectors have seen the most significant adoption of the metaverse technology in recent years, its use in other markets like digital marketing will explode in the future. According to data presented by OnlyAccounts.io, the global metaverse advertising industry is expected to grow by 315% and reach a value of $7.5 billion by 2030.
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