Meteoric growth forecast for metaverse in e-commerce market

The global metaverse in the e-commerce market size is anticipated to reach $106,13-billion by 2030 and is projected to grow at a CAGR of 40% from 2024 to 2030, according to new analysis from Grand View Research. The integration of artificial intelligence (AI) and...

Unauthorised IT products increase risk of cyberattacks

A new study has found that companies are at an increased risk of becoming targets of cyber incidents due to the use of shadow IT by their employees amid the growing trend towards a distributed workforce. According to global research by Kaspersky, 82% of companies...

Removing rare-earths drives demand for copper in EV motors

Electric motors are a core component of electrification in the automotive market and the market has relied heavily on rare-earths for the permanent magnets used in these motors, writes Dr James Edmondson, research director at IDTechEx. But, as many will be aware,...

Cellular IoT connections to reach 5,4bn in 2030

The cellular IoT ecosystem is poised for significant transformation over the next seven years, driven by the rise of 5G technologies, according to new research from Omdia. With a predominant focus on 5G RedCap, 5G Massive IoT, and 4G LTE Cat-1bis modules, the...

AI set to revolutionise retail

South African retailers are likely to ramp up their investment in automation and artificial intelligence (AI) in 2024 as they look for new ways to drive innovation and outsmart their competitors. This aligns with global trends which, according to research from...

GenAI will vastly improve software tests

By 2028, GenAI-based tools will be capable of writing 70% of software tests, decreasing the need for manual testing and resulting in improvements to test coverage, software usability and code quality, says IDC in its FutureScape: Worldwide Developer and DevOps 2024...