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.
Abstract: During the height of the pandemic, the manufacturing sector was forced to reevaluate its traditional production processes. Smart manufacturing and Industry 4.0 initiatives emphasize embracing untapped production data, hyper automation, cloud computing, and autonomous processes. Moving forward, these practices, integrated with smart factories, remain crucial to maintaining industry competitiveness and corporate survival.
Abstract: Rising consumer engagement across all digital mediums has driven multi-vertical interest in MarTech. Capital investment is expected to grow as enterprises seek to create AI-enhanced customer touchpoints and engage powerful analytics platforms. Congruently, new privacy-centric legislative and corporate initiatives have propelled the value of first-party data. As attribution platforms expand their breadth of channels and depth of functionality, point solutions are merging with relevant strategics.
Abstract: From 2020 – 2021, the global childcare market faced daunting headwinds, adversely affecting parents and providers. The market rebounded in 2022, due to technological advancements, government subsidies, and a general societal return to normalcy. Acquirers are actively seeking investment into childcare software to consolidate, expand, and modernize dated solutions. The current market values utility, process efficiency, and meeting generational digital demands.
Abstract: In 2023, engineering companies will continue to look for ways to leverage software to alleviate pricing, supply chain, and labor pressures. As the global engineering market weathers increasing R&D costs and economic uncertainty, the need for automation grows. Market demands for CAE, CAD, and EDA software are driving the engineering tech space towards future advancement and expansion.