Market Watch

Press release from: Future market Insights eDiscovery Market The eDiscovery market is on a robust upward trajectory. In 2023, the market was valued at USD 14.99 billion and is expected to grow to USD 17.11 billion in 2024. Projections indicate a CAGR of 10.7% from 2024 to 2030, leading to a market size of USD 31.51 billion by 2030. This growth is driven by the increasing need for organizations to preserve metadata from electronic documents, ensuring that digital information remains authentic and accessible over time. The shift towards cloud-based services has transformed how organizations manage their data, offering scalability, cost-effectiveness, and ease of access compared to traditional on-premises systems. Additionally, the rise in cyberattacks and data breaches has led organizations to prioritize cybersecurity measures, including effective eDiscovery practices. Request a Sample of this Report: https://www.futuremarketinsights.com/report-sample#5245502d47422d31363731 Understanding eDiscovery eDiscovery, or electronic discovery, refers to the process of identifying, collecting, and producing electronically stored information (ESI) for legal proceedings. This encompasses a wide range of data types, including emails, documents, presentations, databases, voicemail, audio and video files, social media posts, and websites. The primary goal of eDiscovery is to preserve the integrity of ESI while ensuring it is accessible and usable […]

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Aneeshkumar Perukilakattunirappel Sundareswaran, a distinguished technology leader based in Sunnyvale, California, is redefining digital innovation and enterprise architecture. With an extensive career spanning 17 years, Aneeshkumar has played a crucial role in modernizing enterprise systems while leveraging emerging technologies. His expertise in full-stack application development, artificial intelligence, and cloud computing has positioned him as a key figure in the tech industry. Aneeshkumar’s strong educational foundation has been instrumental in shaping his career. He holds a B-Tech in Information Technology from Cochin University of Science & Technology and has further strengthened his credentials with professional certifications from prestigious institutions such as Stanford University and the University of Alberta. His continuous pursuit of knowledge is evident in his recent certifications in Generative AI Architecture and blockchain technologies. A journey through technology Beginning his career with a deep understanding of computer hardware and networking, Aneeshkumar quickly expanded his expertise to include enterprise software development and cloud computing. His extensive experience covers a wide range of technologies, including Java/J2EE, Spring Boot, React, and modern DevOps practices. His proficiency in microservices architecture has helped organizations seamlessly transition from legacy systems to highly efficient, scalable solutions. Also Read – SEBI plans to curb proliferation of […]

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Cambodia is taking bold steps towards strengthening its digital infrastructure with the approval of a nationwide fifth-generation (5G) internet system, authorized by Prime Minister Hun Manet. This move is part of the country’s broader strategy to enhance digital government, businesses, and citizen engagement. The Ministry of Posts and Telecommunications (MPTC) is working on integrating 5G into Cambodia’s telecommunications sector, focusing on expanding bandwidth and network coverage to meet the growing demand for high-speed internet. Additionally, long-term initiatives, such as undersea internet connections, are already in the works. At a recent conference summarizing Cambodia’s digital progress from 2020 to 2024, Cheang Sopheak, the director-general of MPTC’s Directorate General of Radio Frequency Spectrum Management, discussed the transformative potential of 5G. With gigabit-per-second data speeds, low latency, and enhanced connectivity, 5G will revolutionize sectors like healthcare, augmented reality, industrial automation, and smart cities. Short-term deployments will focus on easing data congestion in urban areas, while long-term objectives aim to support applications such as the Internet of Things (IoT) in agriculture and smart city infrastructure. The successful deployment of 5G will help Cambodia accelerate its digital economy and establish itself as a leader in Southeast Asia’s telecommunications landscape. In parallel with the 5G […]

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Businesses are spending more on emerging technologies year-on-year but are struggling to expand pilot use cases Enterprises lack awareness of the latest mobile technology capabilities and find it hard to make supplier choices Suppliers can help customers overcome these challenges by emphasizing their ecosystem relationships and the business value of the new technologies The momentum for enterprise investment in emerging technologies remains robust with nearly half (47%) of businesses investing in generative artificial intelligence (GenAI), compared with 43% last year. Forty-three percent of survey respondents are investing in internet of things (IoT) and 33% is investing in 5G technology, reflecting an upward trend from 39% and 27% respectively in 2024. The latest EY Reimagining Industry Futures study emphasizes the need for Information and Communications Technology (ICT) suppliers to adapt their strategies to effectively support businesses in achieving successful digital transformation. At the same time, decision-making inside enterprises is diffusing more widely across the C-suite, with 49% of CEO respondents now involved in emerging technology strategy, including choice of suppliers. The EY study finds that organizations where the CEO is a key decision-maker are further along the investment curve. Over half (51%) of responding businesses with CEOs involved in new […]

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The Aerospace & Defense Manufacturing and R&D Summit 2025 is scheduled to take place from June 26-27, 2025, in Washington DC, USA. The summit aims to bring together leading manufacturing and engineering executives with innovative suppliers and solution providers from across North America. A curated programme looks to address key industry challenges, market developments, and practical strategies adopted by successful pioneers in the aerospace and defence sector. Key topics for 2025 include: Success strategies for leveraging AI and proven best practices Supply chain collaboration optimisation Digital transformation integration Compliance and secure operations standards Future innovation technologies Emotional intelligence leadership for high-performance culture The summit’s programme features keynote presentations, real-life case studies, and interactive forums delivered by expert moderators and the speaker lineup features individuals from leading organisations in the aerospace and defence industry, including executives from: Sunil Prasad – Chief AI/ML Architect/CTO (SSA/CMS-ECIS Innovation/Digital Modernisation), Leidos Jason Burns – Senior Director of Engineering, Air Dominance Division, Northrop Grumman Allen Gipson – Vice President Corporate Planning, Jamco Americas Susanne Lee – Director of Technology for Imaging Laser Systems, L3Harris Technologies www.june25.aerospacedefensesummit.com

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"Much Uncertainty" Surrounds the $339 Million for Digital Transformation in Puerto Rico. In an initial meeting, several technology development experts on the island voiced concerns, challenges, and possible scenarios amid the ongoing freeze of funds. For several leaders in the government, academic, and business sectors, 2025 represents a beacon of hope for securing funds to drive Puerto Rico’s digital transformation. Atlantic University hosted "Agenda 2025: Strengthening the Digital Economy of Puerto Rico," a gathering of experts in technology development on the island. Among the attendees was Resident Commissioner Pablo José Hernández Rivera, who took note of the concerns raised by technology professionals. The event, led by Dr. Zayira Jordán Conde, president of Atlantic University, and Laura Maristany, founder and CEO of Katch Skills, highlighted the importance of digitalization for the future of Puerto Rico’s business and labor sectors. During the discussion, which lasted over an hour and a half, several key topics were addressed, including public policies and strategies to strengthen digitalization in Puerto Rico, federal and local funding opportunities for digital transformation, workforce development and training to meet the challenges of the digital era, and the role of education and the private sector in driving technological innovation. The […]

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Watsco Inc. is accelerating its digital transformation by expanding its ecommerce capabilities and investing in technology to drive growth. During the company’s year-end earnings call, Watsco president A.J. Nahmad emphasized the importance of ecommerce in shaping the company’s future. “You have this digital platform that’s kind of smoothing the transition into how customers actually buy the product, specify the products, match the products, add correlated products to those products, and you get the drift,” Nahmad told analysts. “We also made the transition that influence 50% to 60% of our sales. We are making investments to train our customers, leverage our technology advantage, and transition close to $1 billion in inventories to aggressively take advantage of this opportunity.” Ecommerce has become a key driver of Watsco’s growth, with its digital sales reaching $2.6 billion in 2024, accounting for 35% of total revenue. In the fourth quarter, Watsco ecommerce sales grew 16%, surpassing the company’s overall revenue growth. News Ecommerce now accounts for 35% of Watsco sales Mark Brohan | Feb 18, 2025 Watsco ecommerce drives sales growth “Our technology platforms have gained momentum,” Nahmad said. “Our community of active users of Watsco mobile apps has expanded to over 64,000 users. […]

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The Sri Lankan government has set aside US $10 million (3 billion Sri Lankan rupees) for digital transformation strategies this year, aspiring to generate US $15 billion in revenue through the digital economy in five years with a unique digital ID and new legislation for digital services after the launch of a governing digital body. The Sri Lanka Unique Identity Project ( SL-UDI ) will be a key element of this transformation and by eliminating duplications in identity records across government departments, SL-UDI seeks to ensure data accuracy and efficiency in government operations. In 2023, India granted Sri Lanka $5.4 million toward the SL-UDI project. As of January, India’s contribution has risen to SLRS 10.4 billion ($35 million) of an estimated SLRS 20 billion ($67.3 million) total. Sri Lanka’s President Anura Kumara Dissanayake announced strategic initiatives to position the country as a leading digital economy in South Asia. The government is committed to strengthening regulatory frameworks, fostering technological innovations, and boosting financial inclusion to drive economic growth, he said in his 2025 Budget Speech last Monday. Dissanayake stated the formation of a Digital Economic Authority to run and regulate the expanding digital sector. New legal frameworks will be launched […]

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IFS North America, Inc. Feature Summary A Digital Transformation Roadmap for Food and Beverage Manufacturers Stuck in Option Paralysis The food and beverage industry is at a pivotal point going into 2025. Companies understand digital transformation is essential but are spoilt for choice with every option seeming right; every decision is fraught with challenges. The result is companies are falling behind due to "option paralysis" and a reluctance to disrupt existing systems. Let’s outline how food and beverage manufacturing companies can tackle the top three digital transformation challenges—cybersecurity threats, supply chain disruptions and climate change—and clear the way to reap the benefits of digital change. Food and beverage was a key market of the recent IFS report , which surveyed global manufacturing leaders and found that while they all admit their businesses cannot survive without the right technology, fewer than 10% qualify as digital leaders. A striking 65% of respondents labeled themselves as "laggards," who are falling dangerously behind and have stalled at the early stages of digital transformation with no firm plans in place. They are suffering from "option paralysis" where every option is seen as essential. Add to this the sheer volume and rapid pace of technological […]

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From AI-powered quality control to smart packaging solutions, technology is revolutionising how packaging is designed, produced, and experienced. February 20, 2025 Share Businesses that embrace these innovations will gain a competitive edge in an increasingly digital world. / Credit: Scharfsinn via Shutterstock Technology is changing our lives in ways we never imagined. From the way we shop and communicate to how businesses operate, digital transformation is at the heart of this shift. But what does digital transformation really mean for the packaging industry? Simply put, it refers to how packaging businesses and manufacturers use digital technology to improve operations, enhance customer experiences, and stay competitive in an increasingly digital world. For lay readers, digital transformation may sound complex, but it is something we encounter every day. When you scan a QR code on a product to check its authenticity, order customised packaging for an e-commerce purchase, or see smart labels that track a package’s journey, you are witnessing digital transformation in action. This article explores how technology is driving this change, the challenges packaging businesses face, and what the future holds for digital transformation in the industry. The role of technology in packaging transformation Technology is revolutionising the packaging […]

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