As the value of connectivity has slowly commoditized, the value shift toward digital- and platform-based capabilities across all industries has risen.

China is projected to maintain its position as the dominant market for GenAI, while Japan and India are set to become the most rapidly expanding markets in the forthcoming years.

The important application responsible for this growth is none other than remote supervision of assets like industrial equipment, tanks, and pipeline infrastructure both in downstream and midstream verticals

China leads regional security investments, comprising over 40 percent of total spending in 2024, with a 13.5 percent five-year CAGR

Spending on IT Services to Surpass Communications Services Spending for the First Time in 2024

The Asia Pacific region will see the fastest growth; six countries forecasted to have the largest GDP growth are in Asia

Vodafone will invest $1.5 billion over the next 10 years in cloud and customer-focused AI services developed in conjunction with Microsoft

Spending on shared (public) cloud infrastructure reached $18.5 billion in the quarter, increasing 7.2% compared to a year ago

An updated forecast from International Data Corporation (IDC) shows that enterprises will invest more than $19.4 billion worldwide on GenAI solutions in 2023.

In the coming years, people can witness huge amount of work, which can be done seamlessly with the help of AI and Machine learning