Retailers are increasingly using technology and transaction data to enhance the customer journey, offering an omnichannel experience that spans from product discovery to transaction and returns. This approach necessitates a seamless integration of multiple point-solutions to orchestrate the workflow efficiently. The RetailTech market is on a significant growth trajectory, projected to reach $390.5B by 2032, suggesting an impressive CAGR of 29.1%.
Abstract: As field service companies brace for an anticipated 70% technician shortage over the next few years, more businesses are filling roles with younger, untrained employees. The shortage of skilled labor has exposed challenges such as decreased productivity, inventory management issues, and dispatch inefficiencies. Consequently, the demand for field service software has strengthened as companies seek increased technician efficiency and improved first-time fix rates.
Abstract: The sports industry is poised for significant expansion, driven by technological advancements that are reshaping traditional practices and catapulting sports into a new era. Teams and athletes are turning to tech to enhance their engagement and optimize their performance. The demand for data-driven insights, interactive fan engagement software, and user-friendly management platforms, coupled with a surge in professional sports activity, sets the stage for robust expansion of the sports software market.
Abstract: Firms are looking to tech to modernize the entire insurance ecosystem, including claims management, security infrastructure, payment processing, and data forecasting. The InsurTech market is expected to hit $146B by 2030, suggesting a staggering 50.1% CAGR. The need for increasingly secure, efficient, and hyper-personalized services for tech-savvy consumers is fueling competition and consolidation in the InsurTech space.
Abstract: Even as tech advancements have evolved the space, the logistics software market is still dominated by legacy systems and ripe for disruption. Despite the need for dedicated logistics managers, only 70% of global supply chains in 2023 have been outsourced – creating an urgent need for solutions. The increasing complexities of E-commerce coupled with the ongoing supply chain crisis are deepening the demand for innovative solutions in the industry.
Abstract: As labs and research facilities worldwide intensify efforts to increase efficiency, bolster testing capabilities, optimize data management, and streamline QA processes, the demand for full-suite LIMS surges. The 2023 LIMS market is propelled by a digital revolution that encompasses innovation in cloud-based systems, automation of lab activities, and intuitive interface design.
Abstract: As the healthcare industry seeks to boost productivity, advance R&D, deepen treatment options, and increase quality of care, the demand for multifaceted HealthTech options continues to swell. The HealthTech market is expected to expand by $50B in 2023, credited to a surge in industrywide tech adoption including the use of electronic medical records, health analytic software, and mobile patient-engagement platforms.
Abstract: As schools brought learning online during pandemic shutdowns, educational software became critical to functioning classrooms and has remained vital in current academic settings. While generations of digital natives increasingly require online educational experiences and schools evolve legacy systems, the Edtech market will continue to expand. Student evolution coupled with academic innovation equates to strong, steady growth for the future EdTech market.