The Global Digital Twin Market stood at $5.715 billion in 2020 and is projected to grow with a CAGR of 33.28% during the forecast period, 2022-2026. Meanwhile, other consultancies and systems integration leaders expanded their respective digital twins’ practices to improve product development, manufacturing, and supply chains. Lessons from these early implementations are helping to shape best practices that will allow more enterprises to succeed in 2022. Most digital twin efforts focus on the physical aspects of things in the real world, such as how they are built and how they will respond to the physical environment. New digital twin APIs provide standard ways to communicate with and control equipment made by different manufacturers. The manufacturing industry is considered one of the major revenues generating industries around the globe. Increasing awareness about the benefits of using automation technology and integrating novel technologies like cloud computing and analytics, machine learning, artificial intelligence, blockchain in the production process to amplify the production volume is fuelling the adoption of digital twin technology in the manufacturing industry.
New age technologies used in Robotics, advanced sensors and the use of embedded software is aiming at the collection of real-time data, to allow analyzing and monitoring of data to make smart decisions during the production process are proliferating the adoption of digital twin technology in the manufacturing industries. Advancements in the field of Virtual Reality and Augmented Reality, and the rise in the adoption of digital twin technology in the supply chain management is expected to boost the demand of the Global Digital Twin Market. On the basis of regional analysis, the Asia-pacific region is expected to witness the fastest incremental growth in the next five years. High internet penetration and the increase of advanced consumer electronic devices in the region are fuelling the dema.
The Global Digital Twin Market stood at $5.715 billion in 2020 and is projected to grow with a CAGR of 33.28% during the forecast period, 2022-2026. Meanwhile, other consultancies and systems integration leaders expanded their respective digital twins’ practices to improve product development, manufacturing, and supply chains. Lessons from these early implementations are helping to shape best practices that will allow more enterprises to succeed in 2022. Most digital twin efforts focus on the physical aspects of things in the real world, such as how they are built and how they will respond to the physical environment. New digital twin APIs provide standard ways to communicate with and control equipment made by different manufacturers. The manufacturing industry is considered one of the major revenues generating industries around the globe. Increasing awareness about the benefits of using automation technology and integrating novel technologies like cloud computing and analytics, machine learning, artificial intelligence, blockchain in the production process to amplify the production volume is fuelling the adoption of digital twin technology in the manufacturing industry.
New age technologies used in Robotics, advanced sensors and the use of embedded software is aiming at the collection of real-time data, to allow analyzing and monitoring of data to make smart decisions during the production process are proliferating the adoption of digital twin technology in the manufacturing industries. Advancements in the field of Virtual Reality and Augmented Reality, and the rise in the adoption of digital twin technology in the supply chain management is expected to boost the demand of the Global Digital Twin Market. On the basis of regional analysis, the Asia-pacific region is expected to witness the fastest incremental growth in the next five years. High internet penetration and the increase of advanced consumer electronic devices in the region are fuelling the dema
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Annual chip sales to reach all-time highs in 2021
The Semiconductor Industry Association (SIA) announced that worldwide sales of semiconductors were $48.8 billion in October 2021, an increase of 24.0% from the October 2020 total of $39.4 billion and 1.1% more than the September 2021 total of $48.3 billion. Growth is driven by mobile phones, notebooks, servers, automotive, smart home, gaming, wearables, and Wi-Fi access points, with increased memory pricing. Monthly sales are compiled by the World Semiconductor Trade Statistics (WSTS) organization and represent a three-month moving average. Additionally, a newly released WSTS industry forecast projects annual global sales will increase 25.6% in 2021 and 8.8% in 2022. SIA represents 98% of the U.S. semiconductor industry by revenue and nearly two-thirds of non-U.S. chip firms. Global semiconductor demand remained high in October, with year-to-year sales increasing substantially across all major regional markets,” said John Neuffer, SIA president and CEO. “Annual chip sales and units shipped are projected to reach all-time highs in 2021, with moderate annual growth expected in 2022.
Additionally, SIA endorsed the WSTS Fall 2021 global semiconductor sales forecast, which projects the industry’s worldwide sales will be $553.0 billion in 2021, a 25.6% increase from the 2020 sales total of $440.4 billion. WSTS projects year-to-year increases in Asia Pacific (26.7%), Europe (25.6%), the United States (24.6%), and Japan (19.5%). In 2022, the global market is projected to post moderate growth of 8.8% to reach $601.5 billion in annual sales. WSTS tabulates its semi-annual industry forecast by gathering inputs from an extensive group of global semiconductor companies that provide accurate and timely indicators of semiconductor trends. According to IDC, 5G semiconductor revenues will increase by 128%, with total mobile phone semiconductors expected to grow by 28.5%. Game
Technology video | 143 views
A report from Boston Consulting Group (BCG) and PhonePe says that Indian digital payments and its extensive Pulse database is going to look at top digital payments trends in India. India's digital payments landscape has witnessed a phenomenal growth over the past five years. As a result of this unprecedented growth, digital payments (non-cash) will constitute 2 out of 3 payment transactions by 2026. The report also talks about how the digital payments ecosystem has been positively disrupted by the entry of multiple new players with diverse offerings driving digital payments adoption at scale. Leading global and Indian fintech players have been key drivers of UPI adoption in India among end users, aided by buildout of a large QR-code based merchant acceptance network, and further supported by user-friendly interfaces, innovative offerings and an open API ecosystem. The report goes on to list the levers for further growth of digital payments in India which include - simplified customer onboarding, continued push for consumer awareness, expanding merchant acceptance, merchants getting greater access to credit, infrastructure upgrades and the setting up of a financial services marketplace driving growth in underpenetrated regions. It also talks about how IoT, 5G & CBDC will provide further impetus to growth.
The report is an in-depth commentary on the growth of digital payments in India and looks at factors and enablers that will help unlock the massive growth potential going forward. India's largest Fintech platform has seen the growth of UPI over the last few years. UPI has supercharged India's transition to non-cash payments when it comes to both person-to-person (P2P) and person-to-merchant (P2M) transactions. Not surprisingly, UPI saw about a 9x transaction volume increase in the past 3 years, increasing from 5 billion transactions in FY19 to about 46 billion transactions in FY22: accounting for more than 60% non-cash transaction volumes
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Share Market में लौटी रौनक | Sensex Market latest news | Share Market | Stock market
सोमवार को पहले थोक महंगाई दर और फिर शाम को खुदरा महंगाई दर के उत्साहजनक आंकड़े आने का असर आज भारतीय बाजार पर दिखाई दिया... इस बीच अंतरराष्ट्रीय बाजारों से भी अच्छी खबरें मिलती रहीं.... जिससे सेंसेक्स में गिरावट के दौर पर ब्रेक लग गया... और बंबई स्टॉक एक्सचेंज का सेंसेक्स 465 और निफ्टी 149 अंक उछल गया.
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India’s cloud market is projected to touch $8 billion by 2023
#DrDeepakKumarSahu, Publisher & Chief Editor, Kalinga Digital Media & #VARINDIA At #EIITF2022
India’s cloud market is projected to touch $8 billion by 2023
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your mobile number having 13 digits (from 10 digits currently) from July 1 2018
misinterpreted a DoT (Department of Telecommunication) order for machine to machine or M2M numbers
Watch Your mobile number changing in13 digits | अब 13 अंकों का होगा मोबाइल नंबर With HD Quality
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The electrical digital twin market is expected to grow rapidly in the coming years, reaching a value of $121.48 billion by 2030.
Welcome to varindia news hour
The digital twin market growth is being driven by a number of factors, including:
The variable renewable energy (VRE) sources, such as solar and wind power, are intermittent and unpredictable, which makes it difficult to manage the grid. Electrical digital twins can help to improve the integration of VRE by providing grid operators with a real-time view of the grid and the ability to simulate different operating scenarios.
Today's Headline in NewsHours
0:00 Intro
2:51 #Telegram features stories emphasising social media innovation
3:26 Archana Gulati, Google India policy head resigns
4:00 X enables paid users to highlight content with enhanced functionality
4:38 #Cabinet allots Rs 57,613 crore to operate 10,000 electric buses
5:15 #InMobi Acquires Quantcast, a Consent Management Company
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PEG क्या है, इसे PEG क्यों कहा जाता है? | What Is Peg
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What is Wheat Beer? | व्हीट बीयर क्या है?
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भारत में पहला BAR कौन सा है? Which is the First BAR in India? Do you know?
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एक Wine की बोतल की सेल्फ लाइफ क्या होती है? What is the shelf-life of a bottle of wine?
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