What are the global developments in NDT software, and how are they impacting this industry’s growth? Which drivers are set to transform this landscape? How has the connection between software sales and testing & inspection requirements across industries led to steady growth?
Explore VCSEL advancements and how supply chain stakeholders can capitalize on them to achieve growth. How is the growth of regional adoption? Which developmental strategies, industry best practices, growth prospects, and success factors will accelerate this sector?
What is the role of advanced hardware and software in the growth of this space? How is the evolution of automated manufacturing leading to a paradigm shift? Identify the key factors driving growth and the emerging opportunities that major players and stakeholders can leverage.
Transform Your Organization with the Right Communications Technology Partner and Turn Challenges into Opportunities
Disruption is not only unavoidable; it’s quite simply the “new normal.” Communications technology advancements, coupled with socio-demographic shifts such as the growing proportion of digital natives among consumers and the workforce, have transformed entire industries for the past couple of decades. However, it wasn’t until the recent pandemic that business models were disrupted on a massive scale. The widespread move to remote and hybrid workstyles wreaked havoc but created opportunities for organizations to rethink the way they operate and serve customers. Digital technology adoption skyrocketed in the past three years as business leaders strove to maintain worker productivity and effective customer engagement across expanded physical distances.
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Explore the growth of sectors like mechanical-flexible, material-flexible, and fluid
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Read more Request InfoIncreasing industry convergence and the emergence of innovative technologies revolutionize the global building management system (BMS) industry. Frost & Sullivan’s recent analysis of the global building management systems industry finds that the need to ensure occupants’ safety and comfort encourages BMS participants to focus on the digitalization of buildings. The global space for BMS will likely reach $5.15 billion by 2026 from $3.52 billion in 2021, witnessing expansion at a compound annual growth rate (CAGR) of 7.9%.
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Based on analysis results of the North American dissolved gas analysis (DGA) software industry, Frost & Sullivan recognizes Delta-X Research with the 2022 North American Enabling Technology Leadership Award for its DGA software. The company’s Transformer Oil Analyst™ (TOA) is an advanced diagnostic and decision-support tool used to interpret insulating liquid test data for high-voltage apparatus, including dissolved gas analysis (DGA). Delta-X Research’s science-based solutions help electricity systems operate safely and reliably at peak conditions and maintenance teams deploy most cost-effectively. Utilities also leverage their TOA results to optimize capital budgets and prioritize asset replacement or upgrade.
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Improved safety requirements across industries will drive the non-destructive testing (NDT) equipment industry, inflating the demand for integrated software, according to Frost & Sullivan’s recent analysis of the global NDT software industry. As NDT software sales are predominantly tied to testing and inspection requirements across industries, the shift toward electric vehicles (EVs) and renewable energy will augment growth prospects. The NDT testing software industry is expected to reach $853.7 million by 2026 from $503.8 million in 2021, registering expansion at a compound annual growth rate (CAGR) of 11.1%.
Recently, Frost & Sullivan assessed the 5G new radio (NR) drive test solutions sector, and, based on its findings, recognizes Infovista with the 2022 Global Industry Leadership Award. The company supports networks ranging from second-generation, third-generation, and fourth-generation long-term evolution (LTE) and LTE advanced technologies to 5G deployments. With its longevity and expertise in drive test solutions technologies, Infovista is well-positioned to support organizations transitioning to 5G. The company’s innovative, end-to-end network testing solutions for existing and next-generation communication systems and operations span the entire network lifecycle.
Based on its recent analysis of the North American Goods-to-person Robotics Technology Industry, Frost & Sullivan recognizes inVia Robotics with the 2022 Technology Innovation Leadership Award for creating a sophisticated, autonomous robotics-as-a-service (RaaS) picking system, boosting warehouse management performance while reducing production costs. inVia Robotics is a pioneering US-based technology company that has been delivering futuristic robotic warehouse automation services for global distribution centers since 2015.
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