Over 10 years we help companies reach their financial and branding goals. Engitech is a values-driven technology agency dedicated.

Gallery

Contacts

411 University St, Seattle, USA

engitech@oceanthemes.net

+1 -800-456-478-23

Twitter Facebook-f Pinterest-p Instagram

Technological Dimension

// RESULTS OF THE ANALYSIS OF THE TECHNOLOGICAL Dimension

MEGATREND: INCREASING AMOUNT OF DATA

TRENDS RELATED TO INCREASING AMOUNT OF DATA*

01

Big Data market in Europe was valued in €13.6 billion euros in 2019, with the expectation to increase annually 25,7% in the period between 2020 and 2025 [1]. By 2029, the expected value for the big data and analytics market will be over 614 billion Euros, up from around 226 billion in 2021 [2].

01

Big Data and advanced analytics

Big Data and advanced analytics
02

The global AI market was valued in 90 billion euros in 2021 and is expected to reach 1,731 billion euros by 2030, registering a CAGR of 32.9% from 2022 to 2030 [3].

02

Artificial intelligence

Artificial intelligence
03

In 2016, 19% of the European companies applied this technology, compared to 36% in 2020 and 42% in 2021 [4]. In 2021, 79% of the use of this technology was mainly related to e-mail systems, followed by 68% for storing files solutions, 61% for office software, and 59% for security software.

03

Cloud based computer systems

Cloud based computer systems
04

The global market of blockchain technology was valued at 5.48 billion euros in 2021 and is expected to reach 1157,87 billion euros by 2030, representing a CAGR of 82.8% [5]. There is now an investment of 347 million euros by the EC to support projects in this area [6], [7].

04

Blockchain and Distributed Ledger Technologies

Blockchain and Distributed Ledger Technologies
05

It is expected that the edge computing market will increase from 34.2 billion euros, in 2021, to 78.43 billion euros in 2026, with a CAGR of 19.0% during this period [8].

05

Edge Computing

Edge Computing
06

The use of Digital Twin by organizations will increase from €6.5 billion in 2022 to €68.87 billion in 2027, with a CAGR of 60.6% [9].

06

Digital Twin

Digital Twin

*Each trend is represented by some of the statistics that have been collected during the first part of the project.

RISKS FOR SUPPLY CHAINS FROM INCREASING AMOUNT OF DATA

The probability (P) and impact (I) of the different risks identified are categorized according to 5 degrees (very low🔵, low🟢 , medium🟡, high🟠 and very high🔴). The risks have been assessed during the project based on literature analysis and validated with support of experts.

// RESULTS OF THE ANALYSIS OF THE TECHNOLOGICAL DIMENSION

MEGATREND: AUTONOMOUS THINGS AND HYPERAUTOMATION

TRENDS RELATED TO AUTONOMOUS THINGS AND HYPERAUTOMATION*

07

In 2019 2.7 million industrial robots were in operation in factories around the world – an increase of 12% in comparison with 2018 [10], [11]. The global sales volume for the worldwide robotics market was US$ 45 billion in 2022, representing an increase of 44% from 2018 to 2022 [12]. Between 2017 and 2020, cobots’ installations worldwide doubled, from around 11,000 in 2017 to 22,000 in 2020.

07

Robots and Cobots

Robots and Cobots
08

Considering the 3D printing market, EU27 is particularly strong, boasting the highest share (30.5%) of world patent applications [13]. The global 3D printing market is projected to grow from € 17.18 billion in 2022 to € 78.62 billion by 2029, at a CAGR of 24.3% [16]. The worldwide market for 3D printing products and services was valued at approximately € 11.07 billion in 2020.

08

3D Printing / Additive Manufacturing

3D Printing / Additive Manufacturing
09

The European VR and AR market is projected to reach a value of approximately 43 billion euros by 2026. Worldwide, VR and AR market revenue is expected to show an annual growth rate (CAGR) of 13.72% (2023-2027) [15].

09

Augmented reality and virtual reality

Augmented reality and virtual reality
10

Europe responds for 25,41% of global patents related to IoT, with 36% of European companies using IoT solutions by 2019 [13]. The amount of worldwide IoT devices is forecasted to increase from 9.1 billion in 2020 to more than 27.17 billion euros by 2030 [14].

10

Internet of Things

Internet of Things
11

The drone logistics and transportation market amount to € 10.31 billion in 2022, and is expected to reach € 27.17 billion by 2027, representing a 21.01% CAGR for the period [17]. With the right framework in place, the drone services market in Europe could reach a value of € 14.5 billion by 2030, with a 12.3% CAGR, and create 145,000 jobs in the EU.

11

Drones

Drones
12

Sensors market size was valued at € 141.5 billion in 2021 and is projected to reach € 304 billion by 2030 (8.8% CAGR). The global agricultural sensor market was valued at € 1.12 billion in 2018, reaching € 2.34 billion by 2026 [18].

12

Sensors

Sensors
13

It is expected that the total cost per-vehicle for both software and hardware will start roughly at € 3,446 by 2025 and will decrease to half by 2035 [19]. The global autonomous vehicle market was valued at € 71.13 billion in 2020 and is projected to reach € 1.85 trillion by 2030 (40.1% CAGR) [20].

13

Automated guided vehicles

Automated guided vehicles
14

Wearable technology market is expected to reach € 389 billion by 2029. In 2020, almost one-fifth (19%) of people aged 16-74 in the EU had used wearable devices. Younger people (aged 16-24) used these smart wearables to a larger extent (28%) than people aged 25-54 (23%), followed by people aged 55-64 with 11%. Only 5% of people aged 65-74 used such smart wearables [21].

14

Wearable devices

Wearable devices

*Each trend is represented by some of the statistics that have been collected during the first part of the project.

RISKS FOR SUPPLY CHAINS FROM AUTONOMOUS THINGS AND HYPERAUTOMATION

The probability (P) and impact (I) of the different risks identified are categorized according to 5 degrees (very low🔵, low🟢 , medium🟡, high🟠 and very high🔴). The risks have been assessed during the project based on literature analysis and validated with support of experts.

// RESULTS OF THE ANALYSIS OF THE TECHNOLOGICAL DIMENSION

MEGATREND: INFRASTRUCTURE AND SECURITY-RELATED RISKS

TRENDS RELATED TO INFRASTRUCTURE AND SECURITY-RELATED RISKS*

15

EU organizations increased the use of online platforms, reaching approximately 1 million businesses that negotiate goods and services through it in 2022. Additionally, more than 50% of medium and small companies can negotiate easily beyond their internal market thought online platforms [22].

15

Online platforms

Online platforms
16

There are approximately 236 million 5G subscriptions worldwide, with European Commission funding projects related to these technologies with values around € 4 billion. While 72% of the EU27 population is already covered by 5G access, the Smart Networks and Services Joint Undertaking (SNS JU) has been supported by the EC to advance 6G research in Europe [23] [24].

16

5G and 6G

5G and 6G
17

Europe holds 23,76% of existing patents related to cybersecurity. According to the European Report Advanced Technologies for Industry, 62% of the organizations with more than 10 employees in Europe are adopting initiatives related with cybersecurity technology [22].

17

Cyber security

Cyber security

*Each trend is represented by some of the statistics that have been collected during the first part of the project.

RISKS FOR SUPPLY CHAINS FROM INFRASTRUCTURE AND SECURITY-RELATED RISKS

The probability (P) and impact (I) of the different risks identified are categorized according to 5 degrees (very low🔵, low🟢 , medium🟡, high🟠 and very high🔴). The risks have been assessed during the project based on literature analysis and validated with support of experts.

// RESULTS OF THE ANALYSIS OF THE TECHNOLOGICAL DIMENSION

MEGATREND: TECHNOLOGIES CONTRIBUTIONS TO ALTERNATIVE ENERGY SOURCES

TRENDS RELATED TO TECHNOLOGIES CONTRIBUTIONS TO ALTERNATIVE ENERGY SOURCES*

18

The electric car registrations increased 668,000 from 2020 to 2021. Additionally, in the transportation sector, almost 35,000 electric vans were sold in 2021 in the EU-27 [25]. There is an expectation for the future that the European market for electric batteries will reach values surrounding EUR 250 billion annually from 2025 and on [25].

18

“Cleaner” energy sources for transportation

“Cleaner” energy sources for transportation
19

The share of renewable energy sources in EU reached 21.8 % of the gross final energy consumption in 2021 [26]. The European C omission foresees an increase in the use of alternative energy sources in the coming years, with a target for the use of renewable energy representing 32% of EU consumption in 2030 [26]. When it comes to transportation, the share of energy from renewable sources in the EU reached 9.1 % in 2021 [27].

19

Alternative sources of energy

Alternative sources of energy

*Each trend is represented by some of the statistics that have been collected during the first part of the project.

RISKS FOR SUPPLY CHAINS FROM TECHNOLOGIES CONTRIBUTIONS TO ALTERNATIVE ENERGY SOURCES

The probability (P) and impact (I) of the different risks identified are categorized according to 5 degrees (very low🔵, low🟢 , medium🟡, high🟠 and very high🔴). The risks have been assessed during the project based on literature analysis and validated with support of experts.

Suggested References:

[1] “The European market potential for big data services | CBI.” https://www.cbi.eu/marketinformation/outsourcing-itobpo/big-data/market-potential  (accessed May 10, 2023).

[2] “Big data – statistics & facts | Statista.” https://www.statista.com/topics/1464/bigdata/#topicOverview  (accessed Jun. 01, 2023).

[3] “Artificial Intelligence Market Size and Share | Analysis – 2030.” https://www.nextmsc.com/report/artificial-intelligence-market  (accessed Jun. 01, 2023).

[4] “Cloud computing used by 42% of enterprises – Products Eurostat News – Eurostat.” https://ec.europa.eu/eurostat/web/products-eurostat-news/-/ddn-20211209-2  (accessed May 10, 2023).

[5] “Blockchain technology market size worldwide 2030 | Statista.” https://www.statista.com/statistics/1319369/global-blockchain-technology-market-size/  (accessed Jun. 01, 2023).

[6] “Overview of EU-funded blockchain-related projects | Shaping Europe’s digital future.” https://digital-strategy.ec.europa.eu/en/news/overview-eu-funded-blockchain-relatedprojects  (accessed May 15, 2023).

[7] S. Hu, S. Huang, J. Huang, and J. Su, “Blockchain and edge computing technology enabling organic agricultural supply chain: A framework solution to trust crisis,” Comput Ind Eng, vol. 153, p. 107079, Mar. 2021, doi: 10.1016/J.CIE.2020.107079.

[8] “From Cloud to Edge to Internet of Things for European Data | Shaping Europe’s digital future.” https://digital-strategy.ec.europa.eu/en/library/cloud-edge-internet-things-europeandata  (accessed May 10, 2023).

[9] “Digital Twin Market worth $73.5 billion by 2027 – Exclusive Report by MarketsandMarketsTM – Bloomberg.” https://www.bloomberg.com/press-releases/2022-07-01/digital-twin-marketworth-73-5-billion-by-2027-exclusive-report-by-marketsandmarkets  (accessed May 10, 2023).

[10] “RTD – World Robotics Report 2020 by International Federation of Robots.” https://ec.europa.eu/newsroom/rtd/items/700621/en  (accessed May 10, 2023).

[11] “How Supply Chain Technology Will Evolve in the Future.” https://www.gartner.com/smarterwithgartner/gartner-predicts-the-future-of-supply-chaintechnology  (accessed May 10, 2023).

[12] “Robotics – Worldwide | Statista Market Forecast.” https://www.statista.com/outlook/tmo/robotics/worldwide  (accessed May 15, 2023).

[13] “EU Report – Technological trends and policies | Advanced Technologies for Industry.” https://ati.ec.europa.eu/reports/eu-reports/eu-report-technological-trends-and-policies  (accessed May 10, 2023).

[14] Transforma Insights, “IoT connected devices worldwide 2019-2030 | Statista,” 2022. https://www.statista.com/statistics/1183457/iot-connected-devices-worldwide/  (accessed May 16, 2023).

[15] “AR & VR – Worldwide | Statista Market Forecast.” https://www.statista.com/outlook/amo/arvr/worldwide  (accessed May 15, 2023).

[16] “3D Printing Market Size, Growth | Global Research Report [2029].” https://www.fortunebusinessinsights.com/industry-reports/3d-printing-market-101902  (accessed May 10, 2023).

[17] A. Rejeb, K. Rejeb, S. J. Simske, and H. Treiblmaier, “Drones for supply chain management and logistics: a review and research agenda,” https://doi.org/10.1080/13675567.2021.1981273 , 2021, doi: 10.1080/13675567.2021.1981273

[18] “Sensors are rapidly changing the way of farming in Europe. Product watch : sensors for farm management of livestock value chain | CDE Almería – Centro de Documentación Europea – Universidad de Almería.” https://www.cde.ual.es/ficha/sensors-are-rapidly-changing-the-wayof-farming-in-europe-product-watch-sensors-for-farm-management-of-livestock-value-chain/  (accessed May 10, 2023)

[19] “Europe Automated Guided Vehicle Market Size & Share Analysis – Industry Research Report – Growth Trends.” https://www.mordorintelligence.com/industry-reports/europe-automatedguided-vehicles-market  (accessed May 15, 2023).

[20] “Autonomous Vehicle Market Worth $2,161.79 Billion by 2030.” https://www.alliedmarketresearch.com/press-release/autonomous-vehicle-market.html  (accessed May 15, 2023)

[21] “IEEE Xplore Full-Text PDF:” https://ieeexplore.ieee.org/stamp/stamp.jsp?tp=&arnumber=8681451&tag=1  (accessed May 10, 2023).

[22] “Digital economy and society statistics – enterprises – Statistics Explained.” https://ec.europa.eu/eurostat/statisticsexplained/index.php?title=Digital_economy_and_society_statistics_-_enterprises#Ebusiness_integration  (accessed May 10, 2023).

[23] X. Xu and T. M. Choi, “Supply chain operations with online platforms under the cap-and-trade regulation: Impacts of using blockchain technology,” Transp Res E Logist Transp Rev, vol. 155, p. 102491, Nov. 2021, doi: 10.1016/J.TRE.2021.102491.

[24] “Europe launches the second phase of its 6G Research and Innovation Programme | Shaping Europe’s digital future.” https://digital-strategy.ec.europa.eu/en/news/europe-launchessecond-phase-its-6g-research-and-innovation-programme  (accessed May 10, 2023)

[25] “New registrations of electric vehicles in Europe.” https://www.eea.europa.eu/ims/newregistrations-of-electric-vehicles  (accessed May 10, 2023).

[26] “EUR-Lex – 52020DC0066 – EN – EUR-Lex.” https://eur-lex.europa.eu/legalcontent/EN/TXT/?uri=CELEX%3A52020DC0066  (accessed May 10, 2023).

[27] “Renewable energy statistics – Statistics Explained.” https://ec.europa.eu/eurostat/statisticsexplained/index.php?title=Renewable_energy_statistics#Share_of_renewable_energy_more _than_doubled_between_2004_and_2021 (accessed Jun. 01, 2023).

Powered by  GDPR Cookie Compliance
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.