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CES 2025: Glimpsing the Future Through Korean Startups at Eureka Park

The CES 2025 K-Startup Pavilion opened on January 7th, marking the beginning of “Global Innovation” with events like K-Startup Night, the opening ceremony, and IR pitching providing a platform to explore forward-thinking ideas

The world’s largest technology exhibition, the Consumer Electronics Show (CES) 2025, kicked off in Las Vegas, USA, on January 7 (local time) with high expectations. Among the exhibits at Eureka Park—reserved exclusively for startups—the Korean K-Startup Pavilion stood out prominently.

The evening before the exhibition, on January 6, the K-Startup Night was hosted by the Korea Institute of Startup and Entrepreneurship Development (KISED) at the Treasure Island Hotel. The event drew a crowd of 200, including local investors, media representatives, and startup founders, fostering dynamic networking opportunities. Participating startups enthusiastically introduced their innovative products to investors and media personnel, encouraging a lively exchange of ideas.

The K-Startup Pavilion officially opened on January 7, initiating a four-day showcase. Distinguished guests included Nevada’s Lieutenant Governor Stavros S. Anthony and Acting President of KISED, Yeol-soo Choi. During the ceremony, KISED was awarded a commendation from Nevada’s Lieutenant Governor in recognition of its efforts to foster international exchange between Korean startups and the U.S.

This year’s K-Startup Pavilion was the largest ever, showcasing a record 127 innovative startups supported by 30 organizations, including POSCO. Standout companies included Sierra Base Co., Ltd., which won the Best Innovation Award for its lidar-based robot autonomous operation solution, and NationA INC., awarded for its Gen AI-based 3D/4D data SaaS platform. Other award-winning companies included Healingsound, Panmnesia Inc., Nfuture Co., Ltd., HUMANICS Co., Ltd., The-NEXT.AI, EntWick Inc., Midbar Co., Ltd., and D&C Biotechnology—10 award recipients in total.

The IR Pitching Stage at the pavilion provided an engaging platform for startup presentations, held twice daily at 11:00 a.m. and 3:00 p.m. on the Pavilion’s main stage. These sessions also offered detailed information about KISED’s inbound programs, such as special visas for foreign entrepreneurs and the Grand Challenge program. This drew enthusiastic responses from startups eager to enter the Korean market.

Another highlight was the “Global Startup Summit” session within the pavilion. Given the global representation of countries at Eureka Park, startup support agencies from various nations, including Korea, introduced their startup ecosystems and support programs. This event provided invaluable insights for startups aiming to expand into international markets.

At CES 2025, the K-Startup Pavilion played a pivotal role in showcasing the outstanding technological ingenuity and creative ideas of Korean startups to the world. The diverse range of innovative startups demonstrated new possibilities for solving global challenges, fueling optimism about their global impact and future success.

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Company Name: KISED (Korea Institute of Startup & Entrepreneurship Development)
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Takomo Golf Partners With Grant Horvat and Bryan Bros To Expand Reach

Finnish Golf Brand Aligns with Popular Golf Industry Entertainers to Broaden Appeal

Takomo Golf, a Finnish company making its name by producing high-quality and accessibly priced golf equipment, has announced a new partnership with Grant Horvat, a prominent golf content creator, along with George and Wesley Bryan, known as the Bryan Bros. The collaboration reflects Takomo’s strategic push to expand its influence and make golf more accessible and available to a wider audience. Takomo, headquartered in Turku, Finland, was founded in 2021 by CEO Sebastain Haapahovi. Reportedly, Haapahovi was shopping for golf clubs, looking to get back into the sport and was shocked by the current price of golf products. This push to build premium crafted and performing clubs at affordable prices is why the brand, among other actions, operates a Direct-to-consumer business model.

As part of this agreement, Horvat and the Bryan Bros have become shareholders in the company, cementing their roles as champions on the brand and its mission. This move underscores Takomo’s strategy of partnering with figures who are committed to encouraging broader participation in the sport, at a moment in time when how people watch and engage with golf is shifting.

A Unified Mission to Grow the Game

“Takomo’s dedication to crafting tour-quality equipment while making golf more accessible resonates with me on a personal level,” Horvat said in a statement. “Their mission isn’t just about creating exceptional gear—it’s about empowering more people to step into the game and thrive within it. That purpose aligns perfectly with why I’m passionate about this sport.”

Wesley Bryan, a PGA Tour winner, also emphasized the alignment of values between Takomo and its new partners. “After a very successful competitive year using Takomo clubs, I am excited to continue representing a brand committed to high quality and accessibility,” Bryan said. He added that he has begun collaborating with the company on the development of new products, including a line of wedges set to launch in the second quarter of 2025.

Reflecting Changes in the Golf Landscape

The partnership comes as golf experiences a transformation in how it is played, viewed, and marketed. Sebastian Haapahovi, Takomo’s chief executive, pointed to the changing dynamics of the sport. “The way people engage with the game, get introduced to it, and even buy their clubs is evolving,” Mr. Haapahovi said. “Grant Horvat and the Bryan Bros have been at the forefront of this shift, bringing new energy and accessibility to golf. We are thrilled to welcome them to the Takomo family.”

Both Horvat and the Bryan Bros have cultivated substantial followings on social media, where they have used their platforms to make golf more relatable and inclusive. Their efforts align closely with Takomo’s mission to challenge traditional industry norms by offering premium-quality equipment at accessible prices. Under the new agreement, all three will play Takomo irons and wedges while continuing to use other brands for their drivers, woods, and putters.

A Strategic Move for Growth

Takomo’s partnership with the creators is part of its broader strategy to establish itself as a disruptive force in the golf industry. By combining Nordic design principles with professional-level performance, the company has built a reputation for delivering accessibility to golfers without sacrificing quality. The involvement of Horvat and the Bryan Bros is expected to further enhance Takomo’s visibility and credibility among golf enthusiasts.

Looking Forward

As the company gears up for 2025, Takomo is positioning itself for significant growth. The collaboration with Horvat and the Bryan Bros signals a renewed commitment to innovation and inclusivity in the sport. Wesley Bryan, a PGA-Tour winner has already begun consulting on a new range of Takomo wedges. This consultation began in mid 2024 and the yet-to-be-named product is slated for release Spring 2025. With plans to release a range of new products and engage in continued global growth and challenge the legacy golf industry, Takomo aims to redefine how golfers approach the game, prioritizing affordability, performance, and community engagement.

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Anastomosis Device Market to Witness Notable Growth Analysis, Opportunities, and Future Scope Forecast 2027

“Medtronic plc accounted for second-largest share of the anastomosis device market. The company is one of the major players in the global anastomosis device market. The company’s wide product portfolio and robust geographic presence have helped it gain a modest edge in the market. The company has a strong presence across the US, the Asia Pacific, and the European regions.”

Johnson & Johnson held the leading position in of the anastomosis device market. It is one of the leading players in the global anastomosis devices market.

Anastomosis Device Market is projected to grow from USD 3.0 billion in 2022 to USD 4.4 billion by 2027, at a CAGR of 8.3% from 2022 to 2027 according to a new report by MarketsandMarkets™. The increasing incidence of target diseases and the subsequent growth in the number of surgical procedures, the growing demand for minimally invasive surgeries, and technological advancements are the major factors driving the market’s growth. Emerging economies such as China, Japan, and India are providing profitable opportunities for the players operating in the market.

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Browse in-depth TOC on “Anastomosis Device Market”

289 – Tables

42 – Figures

305 – Pages

“Surgical Staplers segment accounted for the largest share of the anastomosis devices market, by product.”

The anastomosis device market is segmented into surgical staplers, surgical sutures, and surgical sealants & adhesives. In 2021, the surgical staplers segment accounted for the largest share of the market. The surgical staplers market is further segmented into manual and powered surgical staplers. In 2021, the manual surgical staplers segment accounted for the largest share of the surgical staplers market. The large share of this segment can be attributed to the wide range of advantages associated with these devices, such as ease of use, minimal risk of complications like blood loss/leakage, shorter operating time, and reduced hospital costs.

“Cardiovascular & Thoracic Surgery accounted for the largest share in the market, by application.”

The anastomosis device market has been segmented into cardiovascular & thoracic surgery, gastrointestinal surgery, orthopaedic surgery, gynaecological surgery, and other applications. In 2021, the cardiovascular & thoracic surgery segment accounted for the largest share of the temperature monitoring market. Market growth can largely be attributed to the many cardiovascular surgeries performed across the globe because of the high incidence of cardiovascular disease (CVD), the increasing number of coronary and percutaneous cardiology interventions, and the growing adoption of anastomosis devices in these surgical procedures.

“Hospitals segment accounted for the largest share in the market, by end users.”

The anastomosis device market has been segmented into hospitals, ambulatory surgery centers, and other end users. In 2021, hospitals are estimated to be the largest end users of the market. The large share of this segment can be attributed to the increasing number of complex surgeries performed in hospitals, the growing geriatric population, favourable reimbursement policies for hospital treatments, and the growing number of new hospitals, especially in emerging countries.

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“North America is the largest regional market for anastomosis devices.”

The global anastomosis device market is segmented into five major regions—North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa. In 2021, North America accounted for the largest share of the market. The large share of North America in the global market can be attributed to the positive reimbursement scenario in the US, the rising incidence of cancer, and the implementation of a new funding model for Canadian hospitals.

The key players in anastomosis device market are Johnson & Johnson (US), Medtronic Plc (Ireland), B. Braun Melsungen (Germany), Intuitive Surgical Inc. (US), Boston Scientific Corporation (US), Artivion, Inc. (US), Smith & Nephew Plc (UK), Becton, Dickinson and Company (US), CONMED Corporation (US), Advanced Medical Solutions Group Plc (UK), Baxter International, Inc. (US), Teleflex (US), Meril Life Sciences (India), Surgical Specialties Corporation (US), Péters Surgical (France), DemeTECH Corporation (US), Purple Surgical (UK), Internacional Farmacéutica S.A. de C.V. (Mexico), BioSintex (Romania), Lotus Surgicals (India), Mellon Medical (Netherlands), and Frankenman International (China), EndoEvolution (US), Welfare Medical (UK) and Unisur Lifecare (India).

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Medical Terminology Software Market Size & Growth (Latest), Trends, Evaluating Share, Leading Key Players, Outlook & Forecast – 2027

“Wolters Kluwer N.V. (Netherlands), 3M (US), Intelligent Medical Objects, Inc. (US), Apelon, Inc. (US), Clinical Architecture, LLC (US), CareCom (Denmark), BiTAC (Spain), B2i Healthcare (Hungary), BT Clinical Computing (Belgium)”

Browse 74 market data Tables and 26 Figures spread through 124 Pages and in-depth TOC on “Medical Terminology Software Market by Application (Data Aggregation, Reimbursement, Data Integration, Clinical Trials), Products & Services (Services, Platforms), End User (Healthcare Providers, Healthcare Payers, IT Vendors) – Global Forecast to 2027

Medical Terminology Software Market is projected to reach USD 2.5 billion by 2027 from an estimated USD 1.0 billion in 2022, at a CAGR of 19.3% during the forecast period, according to a new report by MarketsandMarkets™. The Growth in this market is driven by the using consistent, standardized clinical terminology to help medical practitioners access and understand clinical data found in healthcare applications, government initiatives to adopt HCIT solutions, and fragmentation in terms of medical content & infrastructure. However, high cost of infrastructure & maintenance in developing countries are expected to restrain market growth to a certain extent.

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Browse in-depth TOC on “Medical Terminology Software Market”

74 – Tables

26 – Figures

124 – Pages

The quality reporting segment is expected to witness the highest growth rate in the medical terminology software market, by application

Based on application, the quality reporting segment is expected to register the highest CAGR during the forecast period. Factors responsible for the growth of this segment are the benefits offered by the segment such as improved patient safety, improvements in the quality of care, efficient healthcare services & patient outcomes.

By end user, the private payers segment accounted for the largest share of the medical terminology software market, by healthcare payers in 2021.

The private payers segment is estimated to have the largest share by healthcare payers end user of the market. The large share of the segment is attributed to the advantages offered to the private payers such as benefits of normalization through fully integrated medical terminology management solutions to ensure more effective communication, less inconsistency, and more streamlined administrative costs.

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North America dominated the medical terminology software market in 2021

North America accounted for the largest share of the medical terminology software market in 2021, followed by Europe and Asia Pacific. The large share of North America in the global market can be attributed to the presence of a strong IT infrastructure in the region, the high adoption rate of HCIT technologies, regulatory requirements regarding patient safety, and the growing demand for accurate data exchanges between healthcare providers & payers to streamline workflows. The presence of major market players in the US and a large number of outpatient healthcare facilities are further contributing to the growth of the market in the region.

Wolters Kluwer N.V. (Netherlands), 3M (US), Intelligent Medical Objects, Inc. (US), Apelon, Inc. (US), Clinical Architecture, LLC (US), CareCom (Denmark), BiTAC (Spain), B2i Healthcare (Hungary), BT Clinical Computing (Belgium), and HiveWorx (Ireland) are the major players in this market. These companies are majorly focusing on the strategies such as agreements, collaborations, partnerships, and service launches in order to remain competitive and further increase their share in the medical terminology software market.

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Wound Care Biologics Market Latest Trends, Future Scope, Business Growth, Size, Share, Segmentation, Dynamics and Forecast to 2027

“Organogenesis Inc. (US) accounted for the second-largest share of the wound care biologics market. Its leading position in this market can be attributed to its increased focus on R&D activities to develop unique and better products than its competitors.”

Smith & Nephew plc (UK) held the leading position in the wound care biologics market. The company has maintained a leading position in the market through its strong distribution networks across North America, Europe, the Asia Pacific, Latin America, the Middle East, and Africa.

According to the new market research report “Wound Care Biologics Market by Product (Biological Skin Substitutes, Topical Agents), Wound Type (Ulcers [Diabetic Foot, Venous, Pressure Ulcers], Surgical & Traumatic Wounds, Burns), End User (Hospitals, ASCs, Burn Centers) – Global Forecast to 2027″, published by MarketsandMarkets™, the Wound Care Biologics Market is valued at an estimated USD 1.8 billion in 2022 and is projected to reach USD 2.4 billion by 2027, at a CAGR of 5.4%.

Browse in-depth TOC on “Wound Care Biologics Market”

181 – Tables

33 – Figures

180 – Pages

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the wound care biologics market is driven by the increasing prevalence of diabetes and growing number of surgical procedures and associated infections. Emerging economies such as China, Japan, and India are providing lucrative opportunities for the players operating in the market.

The ulcers segment accounted for the largest share of the wound care biologics market, by wound type segment, in 2021

Based on wound type, the wound care biologic market is segmented into ulcers, surgical & traumatic wounds, and burns. The ulcers segment accounted for the largest share of the wound care biologic market in 2021. Ulcers segment is further segmented into diabetic foot ulcers (DFUs), pressure ulcers, venous ulcers, and other ulcers. The diabetic foot ulcers segment accounted for the largest share of the market for ulcers in 2021. The key drivers for market growth are the growing patient pool for these conditions, the need for advanced technologies for treatment, and the lengthy healing process associated with these conditions.

Hospitals segment to register the highest growth rate during the forecast period

The wound care biologics market is segmented into hospitals, ambulatory surgery centers, and burn care centers & wound clinics. In 2021, hospitals segment accounted for the highest growth rate. The increasing number of severe burn cases and rising awareness about advanced burn care treatments are driving the growth of the hospitals segment.

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North America is the largest regional market for wound care biologics market

The global wound care biologic market has been segmented into five major regions—North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa. In 2021, North America accounted for the largest share of the market. The large share of this region can be attributed to the highly developed healthcare systems in the US and Canada. Growing healthcare expenditure is also one of the major drivers for the hospital sector in the region. This is considered a positive indicator of market growth, as hospitals are the major end users of wound care biologics products.

The major players operating in this wound care biologics market are are Smith & Nephew plc (UK), Organogenesis Inc. (US), MIMEDX (US), Integra LifeSciences (US), Stryker Corporation (US), Mölnlycke Health Care AB (Sweden), Vericel Corporation (US), Bioventus LLC (US), Anika Therapeutics, Inc. (US), and Kerecis (Iceland).

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Norway Data Center Colocation Market Revenue Set to Reach $936 Million by 2029, With 680 MW of Power Capacity to be Added – Arizton

According to Arizton’s latest research report, the Norway data center colocation market is growing at a CAGR of 28.80% during 2023-2029.

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Report Scope:          

Market Size – Colocation Revenue (2029): $936 Million    

CAGR – Colocation Revenue (2023-2029): 28.80%          

Market Size – Utilized White Floor Area (2029): 2.3 Million Sq. Ft.

Market Size – Utilized Racks (2029): 49.75 Thousand Units

Market Size – Utilized Power Capacity (2029): 680 MW

Base Year: 2023                  

Forecast Year: 2024-2029                  

Norway’s data center market is growing, with over 978 thousand square feet of core & shell white floor area added by colocation operators. However, only 73% of this area is being utilized. The cost of core & shell development in Oslo is higher than in other regions, ranging from $9/W to $10/W. Major players like Bulk Infrastructure, STACK Infrastructure, and Green Mountain are leading the development of data centers across the country. Additionally, Norwegian industrial parks such as Mo Industrial Park, Mongstad, and Herøya are pivotal in driving innovation and sustainability, supporting the ongoing growth of the data center industry.

Norway’s AI Investments and Data Center Expansion

Norway is significantly investing in AI, recognizing its transformative potential across industries. In September 2023, the Norwegian government allocated $95 million for AI and digital technology research over five years to foster innovations and deepen insights into technological impacts. The rise of AI technologies, particularly high-performance chips and high-density racks is challenging existing data center infrastructure. To address this, AQ Compute, a subsidiary of Aquila Capital, has developed specialized AI and HPC sites, including a facility in Hønefoss powered by hydroelectric energy. Additionally, Arkon Energy secured $110 million in funding in December 2023 to expand its infrastructure, including data centers optimized for AI workloads. The increasing demand for AI has led to the creation of notable startups like Huddly, Spacemaker, Exabel, and Memory. With these strategic investments and advancements in data center capabilities, Norway is positioned to play a critical role in AI’s ongoing development and growth.

Cloud Technology Adoption Creating Buzz in the Norway Data Center Market

Norway has witnessed a significant increase in the adoption of cloud technology, as more businesses recognize its operational benefits. The shift towards cloud computing is driven by advantages such as cost-effectiveness, scalability, flexibility, and enhanced security. Cloud services help businesses reduce capital expenditure on hardware and maintenance while providing on-demand resource usage. Scalability allows businesses to adjust computing resources based on demand, improving performance and resource allocation. Additionally, cloud technology offers operational flexibility, enabling remote work and collaboration. The adoption is further accelerated by substantial investments from public cloud providers like AWS, Microsoft Azure, and Google Cloud. These companies are establishing robust data centers in Norway to meet growing demand. Notably, Google began constructing its first data center campus in Skien in February 2023, highlighting the increasing importance of cloud infrastructure in the Norwegian market.

Market Trends

Growing Demand for District Heating in Norway

In Norway, buildings contribute to around 40% of energy consumption, prompting the government to implement several measures for efficient energy use. These include technical regulations, a ban on oil-fired heating since 2020, mandatory connections to district heating in certain regions, and energy performance certificates. As part of the country’s focus on sustainability, Green Mountain has submitted a building application for a new data center in Kalberg, Norway, with plans to reuse heat. Additionally, in March 2023, Green Mountain announced plans for a TikTok data center that will use waste heat for nearby areas. The market for district heating in Norway is expected to grow significantly, driven by the increasing demand for sustainable operations and the commitment to reducing carbon emissions. Both businesses and consumers are increasingly focused on environmental responsibility, making district heating a key component of the nation’s energy strategy.

5G Advancements and Collaborations in Norway

The availability and consistency of 5G in Norway have greatly enhanced the mobile experience, leading to increased user time on 5G connections and improved speeds and reliability compared to 2022. In October 2023, Telia Norway demonstrated 5G network slicing during a naval exercise at Haakonsvern, Bergen, in collaboration with the Norwegian Defence Materiel Agency. This showcased a private network designed for secure military communication within Telia’s national 5G network. Additionally, Telia Norway partnered with Avinor, the state-owned operator of Norway’s major airports, to pilot 5G technology aimed at enhancing airport operations. This collaboration included a trial utilizing a 5G-controlled robot to digitize and streamline airport processes. In January 2023, Norway’s National Communications Authority (Nkom) confirmed the 3.8 GHz – 4.2 GHz band for the deployment of 5G local networks, further supporting the country’s 5G infrastructure development.

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The Report Includes:

Colocation Supply (MW, Area, Rack Capacity)
Colocation Demand (MW, Area, Rack Capacity) and by End-User (Cloud/IT, BFSI, etc..)
Colocation Revenue (Retail & Wholesale Colocation Services)
Competitive Scenario (Share Analysis by Revenue & MW Capacity)

Vendor Landscape

Existing Operators

Green Mountain
STACK Infrastructure (DigiPlex)
Bulk Infrastructure
Lefdal Mine Datacenter
Basefarm (Orange)
Other Operators

Upcoming Colocation Operators

AQ Compute (Aquila Capital)
Telenor, Hafslund, and HitecVision
KeySource + Namsos Datasenter

In a nutshell, the Arizton Advisory & Intelligence market research report provides valuable market insights for industry stakeholders, investors, researchers, consultants, and business strategists aiming to gain a thorough understanding of the Norway data center colocation market. Request for Free Sample to get a glance of the report now: https://www.arizton.com/market-reports/norway-data-center-colocation-market

What Key Findings Will Our Research Analysis Reveal?        

What is the count of existing and upcoming colocation data center facilities in Norway?

Who are the new entrants in the Norway data center industry?

What will be the colocation data center supply (MW) in Norway by 2029?

What factors are driving the Norway data center colocation market?

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Norway Data Center Market – Investment Analysis & Growth Opportunities 2024–2029

https://www.arizton.com/market-reports/norway-data-center-market-investment-analysis

U.K. Data Center Colocation Market – Supply & Demand Analysis 2024-2029

https://www.arizton.com/market-reports/uk-data-center-colocation-market

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Biological Safety Cabinets Market New Opportunities, Unleashing Growth Potential, Current Trends and Future Analysis & Forecast – 2027

“Kewaunee Scientific (US) held the second position in the biological safety cabinets market. It has a increased presence in North America and the Asia Pacific with a strong network and growth strategies, with these strategies the company is focusing on increasing its presence geographically.”

Thermo Fisher Scientific (US) held the leading position in the biological safety cabinets market. The company has maintained a leading position in the market through its strong presence across North America.

According to the new market research report published by MarketsandMarkets, “Biological Safety Cabinet Market by Type (Class I, Class II (Type A, Type B), Class III), End User (Pharmaceutical & Biopharmaceutical Companies, Diagnostic & Testing Laboratories, Academic Research Institutes), and Region – Global Forecast to 2027″, is projected to reach USD 0.4 billion by 2027 from USD 0.2 billion in 2022 growing at a CAGR of 8.2%.

Browse in-depth TOC on “Biological Safety Cabinet Market”

107 – Tables

33 – Figures

160 – Pages

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Increased risk of pandemics and communicable diseases is the major factors driving the biological safety cabinet market’s growth.

Based on type, the biological safety cabinets market is segmented into class I, class II and class III. In 2021, the class II segment accounted for the largest share of the biological safety cabinets market, mainly due to the rapid growth in number of biologics.

Based on end user, the biological safety cabinets market is segmented into pharmaceutical and biopharmaceutical companies, diagnostic and testing laboratories and academic research institutes. In 2021, the pharmaceutical and biopharmaceutical companies segment accounted for the largest share of the biological safety cabinets market. The large share of this segment can mainly be attributed to the growing concerns over cell culture contamination.

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Geographical Growth Scenario:

The global biological safety cabinets market is segmented into five major regions—North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa. North America accounted for the largest regional market for biological safety cabinets market in 2021. The large share of North America in this market can be attributed to the favorable regulations.

Key Players:

The major players operating in this market are Thermo Fisher Scientific (US), Kewaunee Scientific (US), Labconco (US), Esco Micro (Singapore), The Baker Company (US), NuAire (US), Germfree Laboratories (US), Cruma (Spain), Air Science (US), Berner International (US), Azbil telstar (Spain), LaboGene (Denmark), Biolab Scientific (Canada), Lamsystems (Germany), Faster S.R.L (Italy), MRC Laboratory Equipment (Israel), Nanbei Instrument Limited (China), Thermolab (India), Labmate (UK), TopAir Systems, Inc. (US), Albian Group (Spain), Thomas Scientific (US), Zhejiang FUXIA Medical Technology Co. (China), Stericox (India).

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Connected Mining Market New Opportunities, Unleashing Growth Potential, Current Trends and Future Analysis & Forecast – 2028

“ABB (Switzerland), IBM (US), SAP (Germany), Cisco (US), Schneider Electric (France), Komatsu (Japan), Hexagon (Sweden), Caterpillar (US), Rockwell Automation (US), Trimble (US), Siemens (Germany), Howden (Scotland), Accenture (Ireland).”

Connected Mining Market by Offering (Solutions (Asset Tracking and Optimization, Fleet Management) and Services (Professional, Managed)), Mining Type (Surface, Underground), Application, Deployment Mode and Region – Global Forecast to 2028.

The global connected mining market is projected to be valued at USD 13.3 billion in 2023 and is anticipated to reach USD 22.7 billion by 2028, with a compound annual growth rate (CAGR) of 11.3% over the forecast period. This growth is driven by technological advancements and the increasing demand for operational efficiency, safety, and sustainability.

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The Solution segment to record the higher market share during the forecast period

During the forecast period, the Solution segment is anticipated to achieve a higher market share in the connected mining market. The demand for integrated and customized solutions is expected to grow significantly as the mining industry increasingly focuses on digital transformation and operational efficiency. The Solution segment is poised to dominate the market by providing mining companies with the tools and capabilities to address their specific challenges and achieve sustainable growth. With continuous technological advancements and increasing capabilities of connected mining solutions, the Solution segment is well-positioned to lead the market during the forecast period.

By Mining type, the Surface segment is expected to hold a larger market share during the forecast period

By mining type, the Surface segment is expected to hold a larger market share during the forecast period in the connected mining market. Surface mining refers to the extraction of minerals and resources from the Earth’s surface, such as open-pit mining and strip mining. This type of mining is widely used for coal, iron ore, copper, and other minerals closer to the surface. Connected mining solutions offer significant benefits in surface mining operations, enabling real-time equipment monitoring, efficient fleet management, and optimized resource utilization. The ability to track and manage surface mining operations in real-time enhances safety measures, reduces operational costs, and improves overall productivity fueling market growth.

Asia Pacific to hold the larger market size during the forecast period

During the forecast period, the Asia Pacific region is expected to hold a larger market size in the connected mining market. The Asia Pacific region is rich in mineral resources and has witnessed significant growth in mining activities in recent years. The increasing demand for metals, minerals, and resources from various industries, coupled with rapid urbanization and infrastructure development in the region, drives the need for efficient mining operations. As a result, mining companies in the Asia Pacific are increasingly adopting connected mining solutions to improve operational efficiency, safety, and sustainability.

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Unique Features in the Connected Mining Market

The connected mining market leverages Internet of Things (IoT) technology and advanced sensors to monitor equipment, environmental conditions, and operations in real-time. This enables predictive maintenance, reducing downtime and optimizing productivity.

Automation technologies, including robotics and AI, play a significant role in the connected mining market. Remote operation capabilities allow workers to control mining activities from secure locations, improving safety and reducing operational risks.

Connected mining systems use big data analytics to process vast amounts of information generated during operations. This aids in making informed decisions, optimizing resource utilization, and enhancing overall efficiency.

The market emphasizes sustainable mining practices through technologies that minimize environmental impact. Real-time monitoring of emissions and waste, along with energy-efficient systems, supports environmental conservation.

Advanced monitoring systems detect potential hazards, ensuring a safer work environment. Features like wearable technology for workers and automated alerts for equipment malfunctions significantly enhance safety protocols.

Major Highlights of the Connected Mining Market

The industry is embracing cutting-edge technologies such as IoT, artificial intelligence (AI), big data analytics, and machine learning to optimize operations, improve efficiency, and reduce costs.

Companies are increasingly leveraging connected mining solutions to streamline operations, enhance resource management, and reduce downtime through predictive maintenance and real-time monitoring.

The market highlights a strong focus on worker safety through the integration of wearable devices, automated hazard detection systems, and remote operation capabilities, significantly reducing risks in hazardous environments.

Growing awareness of environmental impact is driving the adoption of connected technologies that enable sustainable mining practices, such as emissions monitoring, energy-efficient systems, and waste reduction mechanisms.

Automation and remote operation capabilities have revolutionized mining practices, allowing real-time control and monitoring of operations from secure and centralized locations.

Significant investments in high-speed communication networks, such as 5G and satellite connectivity, are ensuring seamless data exchange and reliable operations, even in remote mining sites.

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Top Companies in the Connected Mining Market

The major players in the connected mining market are ABB (Switzerland), IBM (US), SAP (Germany), Cisco (US), Schneider Electric (France), Komatsu (Japan), Hexagon (Sweden), Caterpillar (US), Rockwell Automation (US), Trimble (US), Siemens (Germany), Howden (Scotland), Accenture (Ireland), PTC (US), Hitachi (Japan), Eurotech Communication (Israel), Wipro (India), MST Global (US), GE Digital (US), Symboticware (Canada), Getac (Taiwan), IntelliSense.io (UK), Zyfra (Finland), Axora (UK), GroundHog (US), SmartMining SpA (Chile), and Applied Vehicle Analysis (Africa).

Hexagon (Sweden)

Hexagon, a global leader in the connected mining market, is driving transformative changes in the industry through its cutting-edge technologies and solutions. With a focus on operational efficiency, safety, and sustainability, Hexagon empowers mining companies to optimize their operations and maximize productivity. Their integrated solutions, including advanced sensor technologies, real-time monitoring systems, and data analytics platforms, enable mining companies to collect, analyze, and visualize crucial operational data. This empowers decision-makers to make informed choices, identify areas for improvement, and enhance overall operating performance. By leveraging its expertise and commitment to innovation, Hexagon is playing a pivotal role in shaping the future of connected mining and revolutionizing the way mining operations are conducted worldwide.

Komatsu (Japan)

Komatsu is a renowned provider of innovative solutions for the mining industry. Komatsu’s connected mining solutions focus on improving productivity, safety, and efficiency in mining operations. They offer advanced technologies such as autonomous haulage systems, remote operation centers, and data analytics platforms. These solutions enable real-time equipment performance monitoring, predictive maintenance, and optimized fleet management. By harnessing the power of connectivity and data-driven insights, Komatsu is driving the evolution of the mining industry towards increased automation, reduced downtime, and enhanced operational efficiency. Their customer-centric approach and dedication to technological advancements position Komatsu as a leading force in the connected mining market, shaping the future of mining operations globally.

ABB (Switzerland)

ABB is a global leader in industrial technology and automation, headquartered in Zurich, Switzerland. The company operates across four key business segments: Electrification, Industrial Automation, Motion, and Robotics & Discrete Automation. ABB provides innovative solutions for various industries including utilities, industry, transport, and infrastructure. Its market share is significant in the industrial automation and robotics sectors, where it competes with companies like Siemens and Schneider Electric. ABB’s offerings include control products, building automation, robotics, and digital solutions, often integrated into smart cities and sustainable energy initiatives.

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Financial and Accounting Landscape in Oregon Set for Transformation Amid Revenue Surge

Oregon’s financial and accounting sector is undergoing a significant transformation following a surge in state revenue, paving the way for enhanced economic strategies and long-term stability. Experts predict a shift in how businesses approach financial management, with a focus on strategic asset planning and adaptability. The revised revenue forecast underscores the state’s economic resilience, offering a robust foundation for businesses to optimize growth and align with future financial opportunities.

Miami, Florida, January 10, 2025 -Oregon’s recent surge in revenue is poised to drive significant changes in the state’s financial and accounting landscape. As economic growth continues to reshape industries, financial experts predict a transformative shift in how businesses and organizations approach financial management, reporting, and compliance. This shift is expected to influence both small businesses and large corporations across the state, fostering new opportunities and strategies for growth.

However, the projections for the next biennium have been slightly adjusted. As the overall increase in revenue highlights the state’s financial stability and potential for future growth.

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In order to make the most of Oregon’s evolving financial landscape, businesses must focus on strategic asset management and forward planning. Accounting professionals are stepping up to guide these efforts, ensuring that today’s decisions pave the way for long-term fiscal stability and resilience.

In response Ajay Mehta CEO at IBN Technologies says, “The significant increase in Oregon’s General Fund revenue forecast underscores the resilience of the state’s economy and its commitment to financial responsibility. This positive shift may offer a tremendous opportunity for the financial and accounting sectors to empower businesses with strategic solutions for sustainable growth.”

Survey denotes, Oregon’s financial and accounting industries are built on a strong foundation of adaptability and forward planning. With the increased revenue, there is an opportunity for businesses to optimize their financial strategies, ensuring growth and stability in the coming years. The forecast demonstrates the state’s commitment to financial responsibility and offers a clear path for continued economic success.

“With Oregon’s improved revenue outlook, there’s a clear path for businesses to refine their financial strategies and invest in future resilience. This is a moment to focus on prudent asset management and planning to ensure enduring prosperity.” Believes Ajay Mehta.

The outcome of this revised forecast reflects the resilience of Oregon’s economy, positioning the financial and accounting sectors to play a vital role in guiding businesses towards sustainable growth and prosperity.

About IBN Technologies

IBN Technologies LLC, an outsourcing specialist with 25 years of experience, serves clients across the United States, United Kingdom, Middle East, and India. Renowned for its expertise in RPA, Intelligent process automation includes AP Automation services like P2P, Q2C, and Record-to-Report. IBN Technologies provides solutions compliant with ISO 9001:2015, 27001:2022, CMMI-5, and GDPR standards. The company has established itself as a leading provider of IT, KPO, and BPO outsourcing services in finance and accounting, including CPAs, hedge funds, alternative investments, banking, travel, human resources, and retail industries. It offers customized solutions that drive efficiency and growth.

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AIOps Platform Market Latest Trends, Future Scope, Business Growth, Size, Share, Segmentation, Dynamics and Forecast to 2028

“IBM (US), Splunk (US), Broadcom (US), OpenText (Canada), Dynatrace (US), Cisco (US), HCL Technologies (India), Elastic (US), ServiceNow (US), HPE (US), Datadog (US), New Relic (US), SolarWinds (US), BMC Software (US), ScienceLogic (US), BigPanda (US), LogicMonitor (US), Sumo Logic (US), Moogsoft (US), Resolve Systems (US).”

AIOps Platform Market by Offering (Platforms (Domain-centric, Domain-agnostic), Services (Professional, Managed)), Application (Infrastructure Management, ITSM, Security & Event Management), Deployment Mode, Vertical and Region – Global Forecast to 2028.

The global AIOps Platform market is forecasted to expand from USD 11.7 billion in 2023 to USD 32.4 billion by 2028, reflecting a compound annual growth rate (CAGR) of 22.7% during the projected period. AIOps (Artificial Intelligence for IT Operations) leverages artificial intelligence (AI) and machine learning (ML) to enhance IT operations by streamlining processes, analyzing data, and proactively resolving issues. It gathers data from multiple sources, applies advanced analytics, and automates tasks such as event management and incident prioritization.

AIOps predicts potential issues, performs root cause analysis, and facilitates automated problem resolution. Additionally, it optimizes resource allocation, supports capacity planning, and provides insights into the business impact of IT operations. Its continuous learning and adaptability further improve efficiency. AIOps has become critical for managing complex IT ecosystems, enhancing operational effectiveness, and ensuring a reliable user experience.

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Healthcare & Lifesciences to account for higher CAGR during the forecast period

Healthcare and life sciences are adopting AIOps platforms to revolutionize patient care and research. AIOps efficiently manages patient data, enhances diagnostic accuracy, and accelerates drug discovery. Real-time monitoring ensures timely interventions and improves patient safety. Predictive analytics aids in proactive care and resource allocation, reducing hospital readmissions. AIOps automates healthcare IT management, enhancing system reliability. Additionally, it ensures regulatory compliance and strengthens cybersecurity measures, safeguarding patient data. By leveraging AIOps, the healthcare industry gains access to advanced analytics, automation, and real-time insights, driving data-driven decision-making and improved patient care.

Services Segment to account for higher CAGR during the forecast period

The market for AIOps Platform is bifurcated based on offering into platform and services. The CAGR of services is estimated to be highest during the forecast period. AIOps platforms were revolutionizing traditional IT service management practices by introducing intelligent automation, proactive monitoring, and predictive analytics. The shift towards AIOps was streamlining incident management, optimizing resource allocation, and improving overall service delivery. By leveraging AI algorithms to analyze large volumes of data, AIOps enabled faster incident resolution, reduced downtime, and enhanced service reliability. This transformation was empowering IT teams to be more proactive and data-driven, thus significantly improving the efficiency and effectiveness of service management processes.

Asia Pacific to exhibit the highest CAGR during the forecast period

The CAGR of Asia Pacific is estimated to be highest during the forecast period. AIOps Platform is rapidly growing in Asia Pacific, which includes China, India, Japan, ASEAN, South Korea and ANZ (Australia and New Zealand). AIOps adoption was growing rapidly as businesses in the region recognized its potential to enhance IT operations and drive digital transformation. Organizations in various industries were embracing AIOps to optimize their IT infrastructures, improve service reliability, and enhance customer experiences. The increasing complexity of IT environments in the region, driven by digitalization and cloud adoption, was fueling the demand for AIOps platforms. Additionally, the presence of a large tech-savvy workforce and a flourishing startup ecosystem contributed to the rapid adoption of AIOps technologies in the Asia Pacific region.

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Unique Features in the AIOps Platform Market

AIOps platforms utilize machine learning (ML) and artificial intelligence (AI) to process vast amounts of data from diverse sources. They offer deep insights and actionable intelligence, enabling organizations to make data-driven decisions and improve IT performance.

These platforms provide real-time monitoring of IT environments, identifying anomalies and potential issues instantly. Automation capabilities streamline event management, incident resolution, and root cause analysis, reducing the time and effort required for manual interventions.

AIOps predicts and addresses potential IT issues before they escalate, minimizing downtime and ensuring business continuity. Predictive capabilities help organizations stay ahead of disruptions by proactively managing risks.

AIOps platforms seamlessly integrate with existing IT infrastructure, tools, and applications, enabling unified visibility and control across complex and hybrid environments, including cloud, on-premises, and edge systems.

With continuous learning models, AIOps platforms adapt to evolving IT environments and user behavior, improving accuracy and efficiency over time. This ensures that the system remains relevant and effective in dynamic operational landscapes.

Major Highlights of the AIOps Platform Market

Organizations are increasingly relying on AIOps platforms to automate repetitive IT tasks, streamline incident management, and optimize operational workflows, reducing human effort and operational costs.

AIOps enables proactive IT management by predicting potential issues, conducting root cause analysis, and implementing automated remediation. This approach minimizes downtime and enhances business continuity.

The platform is gaining traction in various sectors such as banking, healthcare, retail, and telecommunications, where efficient IT operations and real-time analytics are critical for delivering seamless services.

AIOps platforms are designed to support hybrid and multi-cloud infrastructures, offering unified monitoring and management across on-premises and cloud-based systems. This makes them essential for modern IT ecosystems.

The platforms are increasingly being used to align IT operations with business goals by providing insights into the business impact of IT performance, optimizing resources, and improving decision-making.

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Top Companies in the AIOps Platform Market

Major vendors in the global AIOps Platform market are IBM (US), Splunk (US), Broadcom (US), OpenText (Canada), Dynatrace (US), Cisco (US), HCL Technologies (India), Elastic (US), ServiceNow (US), HPE (US), Datadog (US), New Relic (US), SolarWinds (US), BMC Software (US), ScienceLogic (US), BigPanda (US), LogicMonitor (US), Sumo Logic (US), Moogsoft (US), Resolve Systems (US), AIMS Innovation (Norway), Interlink Software (UK), CloudFabrix (US), PagerDuty (US), Aisera (US), ManageEngine (US), Digitate (US), ZIF.ai (US), Autointelli (India), UST (US), Freshworks (US), Everbridge (US), StackState (US), Logz.io (US).

IBM is a multinational corporation that provides integrated business solutions that combine the understanding of business processes with information technology. It operates through the following segments: Cloud & Cognitive Software, Global Business Services, Global Technology Services, Systems, and Global Financing. It has a wide portfolio that includes analytics cloud platform, blockchain platform, Watson IoT platform, and Watson Customer Engagement solution. It offers industry solutions, system services, IT infrastructure, resiliency services, and financing. The company offers its solutions and services to various industry verticals, including IT, healthcare and life sciences, government, telecom, automobile, manufacturing, fast-moving consumer goods, chemicals and petroleum, electronics, energy and power, media and entertainment, mining, retail, BFSI, travel and transportation, and education. The company has a presence in more than 175 countries in North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America.

Broadcom is a renowned global technology company based in San Jose, California. It specializes in the design, development, and supply of a wide range of semiconductor and infrastructure software solutions. Broadcom’s extensive product portfolio covers critical markets such as data centers, networking, enterprise software, broadband, wireless, storage, and industrial applications. Their offerings include solutions for data center networking and storage, enterprise and mainframe software, cybersecurity, automation, monitoring, security, smartphone components, telecommunications, and factory automation.

OpenText is a market leader in information management, assisting businesses with the secure collection, control, and international exchange of information. For clients ranging from small and medium-sized businesses to the largest and most organizations, OpenText provides solutions to digital business challenges. It enables tackling the most complex digital transformation programs with confidence. It empowers its customers to organize, integrate, and safeguard data and content as it flows through business processes inside and outside their organization with the world’s most comprehensive and integrated information management platform. In August 2022, the company acquired a UK-based software company named Micro Focus. With this acquisition, OpenText intended to help enterprise professionals to secure their operations, gain more insight into their information, and better manage an increasingly hybrid and complex digital fabric with a new generation of tools, including cybersecurity, digital operations management, applications automation, and advanced analytics and AI.

AIMS Innovation is a Norwegian company that specializes in advanced monitoring and analytics for IT operations. Founded in 2011 and headquartered in Oslo, AIMS Innovation offers solutions designed to provide deep insights into the performance and health of IT systems. Their flagship product leverages artificial intelligence and machine learning to deliver real-time monitoring, anomaly detection, and predictive analytics. This helps organizations proactively manage their IT infrastructure, ensuring optimal performance and minimizing downtime. AIMS Innovation serves various industries, including finance, healthcare, and manufacturing, focusing on enhancing operational efficiency and reliability.

Interlink Software is a UK-based company that specializes in IT operations management and monitoring solutions. Established in 1996 and headquartered in Manchester, Interlink Software provides tools for monitoring, event management, and IT service management. Their solutions are designed to help organizations manage the performance and availability of their IT infrastructure, offering features such as real-time monitoring, event correlation, and predictive analytics. Interlink Software serves a wide range of industries, including finance, telecommunications, and government, aiming to enhance IT service delivery and operational efficiency.

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