What are the top 10 application areas that have the potential for innovation using AI? What are the immediate and long-term growth opportunities for stakeholders? What are the challenges and strategic imperatives for implementing AI applications? Find out more in this research.
Which are key regions for DC power, and how are they going to transform the industry? What are the various power ranges, and which ones are going to dominate in the future? Where are the investment prospects going to be concentrated, and how much will be invested during the forecast period?
Smart companies see the slowdown caused by the COVID-19 pandemic as an opportunity to re-evaluate their growth strategy and strengthen their growth pipelines. Unravel the two scenarios portrayed in this research beyond the base forecasts: a positive scenario and a more conservative scenario.
The COVID-19 pandemic delivered a gut punch to the hospitality industry. When it hit, it hit hard and rapidly, slowing or stopping hotel and restaurant chain growth plans in their tracks. Our research suggests that hotels went from occupancy rates in the high-80% range down to single digits, while at least 40% of restaurants have closed their doors or have permanently shut down. Hospitality business executives we speak with are focused on recovering business to levels that are at least half of pre-pandemic levels—but growth remains part of their longer-term plans.
The new dynamic between hotels and restaurants and their customers is shaping rebound and regrowth strategies. That dynamic is about giving people the confidence that when they stay with or dine in an establishment, they will be able to enjoy their experience without fear of contamination. People are yearning to travel and dine out, so the demand for hospitality services is building. Still, businesses will have to adapt their processes, procedures and circumstances to engender customer confidence to serve that demand.
A central business challenge is that in the COVID-sparked recession, most businesses are deferring capital spend on equipment, hiring and new technology. Any investment is directed at getting travelers and diners back in establishments. Revenue generation, competitive advantage and cost savings are critical to survival. Yet, growth in the hospitality industry is still out there, and we believe that the path back to growth is through digital transformation.
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There has been a gradual shift by the oil and gas industry to adopt aerospace technologies that increase efficiency and reduce overall operational costs across the entire value chain. The Frost Radar profiles companies that have helped the oil and gas industry leverage aerospace technologies and apply them in daily upstream, midstream and downstream operations.
The segment is expected to experience steady growth throughout the forecast period, primarily due to rising popularity of battery energy storage solutions and extensive use of advanced battery technology. This exclusive research analyzes the battery monitoring landscape, including growth drivers, restraints, challenges, revenue forecast and key participants.
Frost & Sullivan’s recent analysis, Solar PV Dominating Investment Opportunities in Renewable Sector across the Middle East, 2020-2025, reveals that the pressure to lower greenhouse gas (GHG) emissions is compelling the Middle East—the United Arab Emirates, Saudi Arabia, Qatar, Oman, Kuwait, Bahrain, Iran, Iraq, Jordan, and Lebanon—to embrace renewable energy. With a 57GW capacity addition—solar photovoltaic (PV), concentrated solar power (CSP), and wind—by 2025, the region is estimated to witness an 18-fold growth of the current capacity, thereby receiving an investment of $182.3 billion.
Frost & Sullivan’s recent analysis, Growth Opportunities from Decarbonization in the Global Power Market, 2019-2030, reveals that the 2020s will be crucial for all the participants in the power industry as the transition toward renewable energy is expected to increase, while coal takes a downturn in most developed industries. Falling costs and renewable-friendly energy policies adopted by several countries in the six major geographies—North America, Latin America, Europe, the Middle East, China, and India—are prominent reasons why solar photovoltaic (PV) and wind capacity additions are expected to soar this decade.
Frost & Sullivan’s recent analysis, Global Building Automation Systems (BAS) Market, Forecast to 2026, reveals that energy-efficiency requisites, energy conservation and favorable government initiatives, rising energy prices, and strict building codes are prominent factors driving the global BAS segment. The industry is estimated to reach $5.91 billion by 2026 from $4.69 billion in 2019, growing at a compound annual growth rate (CAGR) of 3.4%.Read more