Seeing ICT as a Sea of Opportunities

There are some emerging technologies that are projected to have high growth in the coming years like IOT and IOE. Since last 10years there has been a rapid growth in the computer technology. Demand for technologies like Robotics, Deep Learning is on the rise with applications in diverse sectors like manufacturing sector i.e. for example Smart Factory technology is used for smooth and fast production. Also if we consider SMEs, large scale production or small household production in terms of embroidery technologies like CAD/CAM (Computer-aided design and manufacturing) are being extensively used for easy and accurate designing of embroidery digitally. Robotics as an interdisciplinary branch of engineering and science that includes mechanical engineering, electronic engineering, information engineering, computer science, and others is fast becoming an market segment with huge potential for growth. It deals with the design, construction, operation, and use of robots, as well as computer systems for their control, sensory feedback, and information processing. Then if the whole world and its systems are turning digital and smart, also the residential cities should have been smart. And hence the emergence of the Smart City technology, having its own advantages like energy conservation, more efficiency, less daily expenditure, smooth and fast working, most importantly, ease of life. The different components that are imbibed in this technology are Smart Manufacturing, Smart technology, Smart Grid/Energy/Utilities, Smart Health for health issues, Smart Government, Mobility/Wifi, Smart Buildings, etc. To combine the physical and virtual world together, a technology called Digital Twin is emerging wherein smart components that use sensors to gather data about real-time status, working condition, or position are integrated with a physical item. The components are connected to a cloud-based system that receives and processes all the data the sensors monitor. This input is analysed against business and other contextual data. Lessons are learned and opportunities are uncovered within the virtual environment that can be applied to the physical world, thus ultimately transform your business. Study of ICT would be incomplete without the mention of the revolutionary Artificial Intelligence- wherein any device that perceives its environment, takes actions that maximize its chance of successfully achieving its goals. It is the intelligence demonstrated by machines in short. Technologies are basically invented and used to shorten the efforts, save money and time, and crop the methods of work. Thus Cloud Computing too is one of its kind of technology where not only a huge amount of space is saved but also infrastructure, money, process, time, etc. is optimized. To accommodate the drastic changes, the complimentary and necessary technologies that manage security threats and issues are fast growing. Blockchain Technology was used in Crypto-currency investments and business using Cryptography. It is an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way. For use as a distributed ledger, a blockchain is typically managed by a peer-to-peer network collectively adhering to a protocol for inter-node communication and validating new blocks. Once recorded, the data in any given block cannot be altered retroactively without alteration of all subsequent blocks, which requires consensus of the network majority. Although Blockchain records are not unalterable, Blockchains may be considered secure by design. Decentralized consensus has therefore been claimed with a Blockchain.


Companies including the likes of IBM, Microsoft, SAP, Oracle have carved a niche for themselves in the ICT industry. However, with the advent of new technologies and emerging trends, they are competing with companies much smaller in size and focussed on specific market segment like Autodesk competing in the 4D Printing market. The all-pervasive nature of the Industry has always kept the doors open for conglomerates to stake a claim.

Explore our Market Research Reports on ICT industry at https://www.inforgrowth.com/ict


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