全球物聯(lián)網(wǎng)internet of things全球熱飲市場前景及投資研究報告-培訓(xùn)課件外文版2024.5

INDUSTRIES

&

MARKETSInternet

of

Things:

market

data&

analysisOctober2023Agenda01

Market

InsightOverview03

AppendixProductOverviewAuthor31316232734120125Russia-UkraineWarMarketDriversMarket

MethodologyKeyPlayersTrends02

MarketsAutomotiveIoTConsumerIoTHealthcareIoTIndustrialIoTOtherIoT4959698090SmartCitiesSmartFinance1001102MARKET

INSIGHTOverviewThe

Internet

of

Things

market

growth

coincides

with

the

developmentof

otherimportant

technologies,

such

as

5G,

Industry

4.0,

and

edge

computingOverview:

management

summaryTheInternet

of

Things

(IoT)

market

isone

ofthemost

promising

anddynamictechnology

trendsof

ourtime,offering

awealth

ofopportunities

thathavenotyetbeen

fullyexploited.

Thismarket

is

thedriving

force

behindIndustry4.0

and,

notsurprisingly,is

experiencing

aremarkable

growth

trajectory

thatwill

exceed

16%over

ten

years

(2018-2028).Major

players

inthisindustry

are

IBM,

Cisco,

Qualcomm,

and

Dell.Despite

itsmaturity,IoTremains

aglobaldigitalizationpriority.

Itsgrowth

is

beingdriven

bythewidespread

availabilityof

theinternet

andthe

emergence

ofautonomous

vehicles

and

artificial

intelligence

(AI).Internet

penetration

is

critical;asmore

regions

gain

high-speed

internet

access,

the

potential

forIoTTheIoTlandscape,however,

hasnotbeen

immune

tothe

challenges

thathaverippledacross

various

industriesdue

toglobalsemiconductor

shortages.

Theseshortages

havetemporarily

impacted

thesupplychain

andtempered

themarket'sgrowth

when

compared

topre-pandemic

levels.

Nevertheless,

thedemand

forintelligent

solutions

spanning

awide

spectrum

ofapplications,from

industrialtoexpands.

Reliable

internet

connections

are

vitalforIoTdevices

to

communicate,enablingnew

applicationsinremote

areas

and

smart

cities.

Autonomous

vehiclesrely

onIoT

sensors,

AI,and

IoT-enabled

infrastructure,

boosting

theIoT

ecosystem.AIenhancesconnected

devices

byprocessing

data

and

enabling

predictivemaintenance,

efficient

resource

allocation,

and

smarter

decision-making.

Thesesecurity,

continuestogrow.

Thisrelentless

interest

insmart

technology

solutionsis

factorscollectively

driveIoT

innovation

and

growth

across

various

sectors.atestament

to

theever-expanding

role

ofIoT

inourconnected

world.TheIoTmarket

is

constantlyexpanding,with

new

trendsemerging

every

year.

Thetopfouremerging

trendsarementioned

inthis

report,

including

5G,

the

adoptionof

ArtificialIntelligence

of

Things(AIoT),IoT

security,

and

edge

computing.IntheMarket

Insights,

we

havedividedtheIoTmarket

into

thefollowingmarkets:

Automotive

IoT,IndustrialIoT,Consumer

IoT,Smart

Finance,HealthcareIoT,Smart

Cities,and

OtherIoT.

Therevenue

oftheglobalIoT

market

was

US$970billion

in2022

andisexpected

to

reach

approximately

US$2,227

billion

in2028.4Sources:MarketInsights

2023The

Internet

of

Things

connects

data

through

the

Internet

Protocol,

from

homesto

high-tech

industriesOverview:

market

definition

(1/2)InscopeOutof

scope?

Smartphones?

Laptops?

Tablets?

Devices

embedded

withIoT

sensors?

IoT

technology

software?

IoT

connectivity

revenues?

IoT

equipment

services?

PCsThe

term

Internet

of

Things

(IoT)

describes

a

networkof

physical

and

virtual

devices

that

are

able

tocommunicate

autonomouslywith

each

other

using

theInternet

Protocol

(IP).

The

physical

devices

areembedded

with

sensors,

software,

and

connectivitycapabilities

that

enable

them

to

collect

and

exchangedata

over

the

internet.

Its

scope

encompasses

a

widerange

of

use

cases

from

household

objects

to

morecomplex

industrialapplications.?Otherdevices

whose

sole

purposeis

to

accesstheInternet5Notes:The

Internet

ofThings

marketcomprises

revenue

and

revenuegrowthas

the

key

performanceindicators.

The

marketconsists

of

revenue

generatedthrough

selling

ofhardware

(such

as

sensors,chips,

and

otherhardware),platforms

(IoTplatforms,

security

software,and

other

software),connectivity

(cellular,

LoRa,

SigFox,

and

other

connectivity),

and

services(equipment

and

systemintegration

and

maintenance).MarketInsights

2023Sources:Seven

marketscan

be

identified

within

the

Internet

of

Things

marketOverview:

market

definition

(2/2)Automotive

IoTIndustrialIoTConsumerIoTSmart

FinanceTheAutomotive

IoT

market

refers

tothe

TheIndustrialIoT(IIoT)

market

refers

toConsumer

IoT

refers

totheuseofInternet-connected

devices

thatarepersonally

used

bytheendconsumerandarenotused

forcommercialpurposes.

Examples

ofthese

includesmart

home

devices

or

wearables

suchasgaming

devices

(AR/VR

devices).Smart

finance

refers

tothe

applicationof

Internet

of

Things

technologies

inthefinancialindustry.Itinvolves

the

useofconnected

devices,

sensors,

and

dataanalyticstotransform

traditionalfinancialprocesses

and

create

newbusinessmodels.useof

Internet

of

Things

technologies

inthe

automotive

industry.Thisincludesthe

useof

connected

devices,

sensors,andsoftware

to

improve

vehicletheuseof

theInternet

to

control

andoptimize

theenvironment

ofindustrialmachines,

suchasthosefoundinfactories,

warehouses,

andperformance,

safety,and

efficiency.transportation

systems.

IIoT

involvesconnecting

machines,

equipment,andother

industrialdevices.Healthcare

IoTSmart

CitiesOtherIoTTheHealthcare

Internet

of

Things(alsoknown

astheInternet

ofMedical

Thingsor

connected

health)market

refers

tothe

useof

IoT

technologies

inthemedical

field.Use

cases

rangefromremote

patientmonitoring

and

smartmedical

devices

topredictive

analytics.Theterm

smart

citiesrefers

to

theuseofInternet

of

Thingstechnologies

toimprove

the

qualityoflifeforcitizens.

Inasmart

city,various

devices

andsensorsareinstalledthroughout

theurbanlandscapeto

create

intelligentTheOtherInternet

of

Thingsmarketcovers

usecases

thatarenot

specificallymentioned

intheothermarkets.Examples

ofusecases

includegovernment,

tourism,

professionalsports,education,

or

military

usecases.transportation

systems,

smart

grids,and

Thislistisnotexhaustive

asnew

IoT

usepublicsafety

systems.

cases

arebeing

introduced.6Notes:The

Internet

ofThings

marketcomprises

revenue

and

revenuegrowthas

the

key

performanceindicators.

The

marketconsists

of

revenue

generatedthrough

the

saleofhardware(such

assensors,chips,

and

otherhardware),platforms

(IoTplatforms,

security

software,and

othersoftware),connectivity

(cellular,

LoRa,

SigFoxand

other

connectivity),

and

services(equipment

&systemintegration

and

maintenance).MarketInsights

2023Sources:In2022,

the

Automotive

IoT

market

represented

the

largest

market

within

theglobal

Internet

of

Things

market,

generating

US$504

billion

inrevenuesOverview:

key

takeawaysWorldwide

Internetof

Things

revenue

inbillionUS$(1)Keytakeaways?

In2022,

theInternet

of

Thingsmarket

generated

atotalrevenue

ofUS$9702%8%billion

worldwide.8%?

Accountingfor31%

of

theInternet

of

Thingsmarket,

Automotive

IoT

was

the31%largest

market

in2022,

generating

US$300

billioninrevenues.?

Thesecond

largest

market

wasIndustrialIoTwith

arevenue

ofUS$226

billion(23%).

WithUS$19

billion

(2%),

OtherIoTisthe

smallest

market

intheglobalInternet

of

Thingsmarket.10%US$970billion?

Inaglobalcomparison,

theUnitedStatesproduced

thehighest

revenue

intheIoT

market

in2022,

generating

US$143

billion.

China

came

insecond

placewithapproximately

US$119

billion.18%23%Automotive

IoTIndustrialIoTConsumer

IoTSmart

FinanceHealthcare

IoTSmart

CitiesOtherIoT7Notes:(1)

Reportedmarketrevenues

include

spending

by

consumers

(B2C),

enterprises

(B2B)

aswell

asgovernments

(B2G).Revenues

areallocated

to

the

country

wherethe

money

is

spent.Sources:MarketInsights

2023The

global

Internet

of

Things

market

was

worth

US$970

billion

in

2022

and

ispredicted

to

continue

growing

at

a

stable

rateOverview:

sales

figures(1/2)Worldwide

Internetof

Things

revenue

inbillionUS$2,226.62,016.849.9167.7

165.8204.344.8150.5152.9+17%(1)1,805.839.71,596.6

34.6120.0135.3138.2186.2222.11,387.3

29.5104.8108.6192.4

132.0231.7168.2210.824.489.593.8113.3123.41,177.219.374.279.097.2525.2150.111.740.642.153.817.843.749.559.8970.2201.7375.710.159.064.379.2173.5475.322.537.534.646.595.0773.4425.5183.0276.0544.5325.8509.5145.1173.9226.2471.5882.02028785.02027688.1110.2

154.8

112.6106.0

106.4184.1203.3591.1118.7116.72018494.22024397.2300.3201920202021202220232025Healthcare

IoT2026Smart

CitiesAutomotive

IoTIndustrialIoTConsumer

IoTSmart

FinanceOtherIoT8Notes:(1)

CAGR:

Compound

Annual

GrowthRateSources:MarketInsights

2023The

Automotive

IoT

market

is

predicted

to

have

the

highest

growth

potential,with

a

CAGR

of

20%

from2022

to

2028Overview:

sales

figures(2/2)Automotive

IoTIndustrialIoTConsumerIoTSmart

Finance20222028300.320222028226.220222028173.92022202897.2+20%+15%+5%+13%882.0525.2231.7204.3Healthcare

IoTSmart

CitiesOtherIoT2022202879.02022202874.22022202819.3+13%+14%+17%167.7165.849.99Notes:CAGR:

Compound

Annual

GrowthRateSources:MarketInsights

2023Ina

global

comparison,

the

U.S.

Internet

of

Things

market

produced

the

mostrevenue

in

2022,

generating

approximately

US$143

billionOverview:

worldwide

comparison

(1/2)Revenue

comparison

inbillionUS$

in2022Revenue

sharesin2022Australia&Oceania2%United

StatesChina142.5Africa9%119.0JapanGermanyIndia27.225.5Asia34%21.5Americas

26%United

KingdomFrance21.018.5Canada15.8Russia14.9Italy14.128%Europe10Sources:MarketInsights

2023The

Internet

of

Things

market

revenue

in

China

is

predicted

to

grow

by

16%between

2022

and2028Overview:

worldwide

comparison

(2/2)Revenue

numbersofthetop

countriesinbillionUS$(1)+13%(1)+16%(1)+12%(1)+13%(1)297.0290.853.552.727.2142.5202225.5119.02022202820282022202820222028United

StatesChinaJapanGermany11

Notes:Sources:(1)

CAGR:

Compound

Annual

GrowthRateMarketInsights

2023The

total

number

of

IoT

connections

worldwide

is

growing

rapidly

and

isprojected

to

surpass

38

billion

by

2028Overview:

volume

(1/3)Global

numberofIoT

connectionsinbillions(1)38.134033.36353025201510529.0125.0221.3617.9814.8212.3320219.358.055.520201820192020202220232024202520262027202812

Notes:Source(1)

The

“Number

ofIoTconnections”

shows

the

total

number

ofdevices

connected

to

IoTtechnologies

(both

wide-area

and

shortrangeIoT)MarketInsights

2023Asia

is

predicted

to

have

the

most

IoT

connections

in

2028,

followed

by

theAmericasOverview:

volume

(2/3)NumberofIoT

connectionsinbillions(1)2523.6420.592017.818.8615.277.781510512.9411.199.6210.85.8310.018.528.794.846.775.584.412.732.432.850.185.27.11.881.773.977.460.766.480.653.114.740.470.462023Africa1.060.880.890.793.980.382.813.540.340.550.540.620.240.220.270.70.320.40.1500.252018201920202021202220242025202620272028Australia&OceaniaAmericasAsiaEurope13

Notes:Sources:(1)

The

“Number

ofIoTconnections”

shows

the

total

number

ofdevices

connected

to

IoTtechnologies

(both

wide-area

and

shortrangeIoTMarket

Insights

2023Consumer

IoT

has

the

most

devices

connected

to

IoT

technologies

by

far,amounting

to

almost

10

billion

in

2023Overview:

volume

(3/3)Global

numberofIoT

connectionspermarket

inbillions19.539.462017.2615.311510513.585.8911.734.959.964.168.38.354.247.116.972.933.255.335.082.774.673.473.572.030.562.981.710.332.062.51.430.312.2312.370.661.371.960.791.630.240.490.131.330.221.170.890.760.420.320.180.130.39020182019202020212022202320242025202620272028Automotive

IoTConsumer

IoTHealthcare

IoTIndustrialIoTOtherIoTSmart

CitiesSmart

Finance14

Notes:Source:(1)

The

“Number

ofIoTconnections”

shows

the

total

number

ofdevices

connected

to

the

IoTtechnologies

(both

wide-area

and

shortrangeIoTMarketInsights

2023The

amount

invested

in

IoT

companies

peaked

at

over

US$

20

billion

in

2021Overview:

investmentGlobal

amount

invested

inIoTcompaniesinbillionUS$(1)20.6510.9510.3410.419.892018201920202021202215

Notes:Source:(1)

The

“investment”

shows

the

historical

data

foramount

invested

in

the

Internet

ofThings

marketforaspecific

yearand

the

selected

region.Funding

data

forrespective

companies

is

used

in

calculating

the

total

amountinvested.MarketInsights

2023MARKET

INSIGHTRussia-Ukraine

WarGlobal

growth

is

set

to

decelerate,

while

inflation

is

projected

to

decrease

slightlybut

remain

high

in

2023Russia-Ukraine

war:

impact

(1/2)Real

GDP

growth

rate

worldwide(1)Global

inflation

in%,

by

region

or

continent(2)8%?

According

toIMFdatafrom

April2023,

global

GDPgrowth

for2022

was

estimated

at3.4

percent.

Thisfigurewas

1.5percent

lower

than

thepre-warforecast.

Additionally,theprojected

GDP

growth

for2023

was

reduced

by0.8

percent.6.1%8.8%WorldAsiaandPacificEurope6%6.5%4.9%3.4%3.6%2.8%6.7%3.4%3.1%4%2%2.8%5.7%?

Africaandthe

Middle

East

were

expected

to

sufferthe

greatest

economic

impactof

the

war

among

allglobal

regions.

TheIMF

predicted

thatinflationinthese

countries

would

bethehighestcompared

toother

regions,

at14.5%

and

13.2%

in2022

and12.4%

and

11.3%

in2023.

However,

in2023,

inflationisprojected

todecrease

across

all

continents.9.8%9.7%7.0%0%Americas5.9%-2%-4%14.5%12.4%Africa-3.0%2020

2021201920222023202413.2%11.3%MiddleEastForecast

fromOctober

2021Historical

data

andforecast

from

April202320222023Notes:(1)

2019

to

2021;

October

2021

data:

2022

to

2024

forecast;April

2023

data:

2022

estimate,

2023

to2024

forecast(2)

2022

estimate,

2023

forecastSources:

IMF,

OECDThe

Russia-Ukraine

conflict

is

expectedto

significantly

disrupt

the

Internet

ofThings

marketRussia-Ukraine

war:

impact

(2/2)1.

Shortage

ofelectronic

chipsInvestments

thatwere

previously

earmarked

forIoT

projects

may

beredirected

toaddresstherising

costsofbasicneeds

or

other

priority

items.

These

dynamicsaddanew

layer

ofuncertainty

to

theIoT

industryasbusinesses

andconsumersnavigateachanging

economic

environment.Theshortage

ofelectronic

chipsisbecoming

acomplex

problem

with

globalimplications.

Theongoing

Russia-Ukraine

conflict,which

isimpactingsemiconductor

raw

materials,

addsanother

layerof

complexity

toanalreadycomplex

situation.Russia,which

isone

ofthemainsuppliers

ofpalladium,accountsforasignificantpartof

theworld's

supply.Ukraine,

on

theother

hand,playsacrucial

role

in

neon

production,accountingforaremarkable

70%

oftheworld’s

neon

supply.3.

TechnologicalcooperationTheconflictinUkraine

reflects

thegrowing

divideamong

global

powers.

WhileNATOcountries

strongly

support

Ukraine,

others

suchasChina

andIranleantoward

Russia

or

remain

neutral.

Thisgrowing

geopolitical

tension

could

hinderinternational

consensus

on

cross-border

technology

standards.Many

techsectorsrely

onsuchstandardstoensure

interoperability.2.

Risingoil

pricesAsRussia

isone

of

the

largest

suppliers

ofoil

andgas,Russia's

military

invasion

ofUkraine

hascaused

pricestospikesignificantlydueto

tradesanctions.

Asaresult,oil

andgasprices

havebeen

reflected

throughouttheglobal

economy

throughhigherinflation.Highrates

ofinflationreduce

purchasing

power,

which

impactsbothconsumers

andbusinesses.

Inthecontext

of

IoT,thismeansless

demand

forIoT

products

and

services,

which

areseen

asaconvenience

ratherthananecessity.Astensions

straininternational

relations,

we

could

see

balkanization,particularlyinemerging

markets

liketheInternet

of

Things

(IoT).

Insteadof

aunifiedecosystem,different

regions

mayadoptvarying

technologies,

impeding

globalIoT

growth

andexacerbating

theindustry'sexisting

interoperability

challenges.18Sources:MarketInsights

2023,

IoT2MarketasofMarch2022MARKET

INSIGHTMarket

DriversAlong

with

AI

and

autonomous

vehicles,

socio-economic

factors

are

also

drivingthe

growth

of

the

Internet

of

ThingsMarket

drivers:

summary

(1/2)Despite

being

awell-established

technology,

IoTisstillone

ofthetoppriorities

forcompanies

worldwide

when

itcomes

todigitizationworldwide.

However,

thetheyareexpected

to

drive

the

demand

forIoT

technologies

andservices,contributingtothegrowth

of

theIoT

ecosystem.

AIplaysacritical

role

intheIoTgrowth

of

IoTisbeingfueled

and

enabled

bythewider

andeasier

availability

ofthe

market

byenhancingthecapabilitiesof

connected

devices.

IoT

devices

generateinternet,

aswell

astherise

ofautonomous

carsandartificialintelligencecapabilities.vastamountsof

data,

andAI

enables

the

processing

andanalysisof

this

data,leading

to

valuableinsightsand

automation.

AI-driven

analyticsenable

predictivemaintenance,

efficient

resource

allocation,

and

improved

decision-making

acrossvarious

industries.

Moreover,

AIishelping

IoTdevices

become

more

adaptiveandresponsive,

makingthemintegral

tosmart

homes,

healthcare,

andindustrialapplications.Internet

penetration

is

afundamentalfactorinfluencingtheIoT

market.

Asmoreregions

andcommunities

gainaccess

tohigh-speed

internet,

the

potential

forIoTadoption

grows.

Awidespread

andreliable

internet

connection

isessential

fortheseamless

functioningof

IoTdevices,

allowing

themto

communicate,

transmit

data,andreceive

updates.

Increased

internet

penetration

opens

up

new

opportunitiesAsAIenhancestheintelligence

andfunctionalityofIoT

devices,

autonomous

carsforIoT

applicationsinremote

areas,smart

cities,

and

industries

where

connectivity

arecreating

anew

dimension

ofconnectivity

and

IoT

applications,and

improvedwas

previously

limited,expandingthereach

andimpactofIoT

solutions.

internet

penetration

is

expandingthescope

of

IoT

deployment.

Together,

theseTherise

ofautonomous

cars

is

revolutionizing

theIoT

market

by

creating

anetwork

factorsare

drivinginnovation

and

growth

intheIoTmarket,

offering

newof

interconnected

vehicles.

These

vehicles

rely

onIoT

sensors,

communicationtechnologies,

and

AItooperate

safely

andefficiently.

IoT-enabled

infrastructure,suchassmart

trafficmanagement

and

vehicle-to-vehicle

communication,

is

criticaltothesuccess

of

autonomous

vehicles.

Asautonomous

cars

become

moreprevalent,opportunities

forefficiency,

safety,andconnectivity

across

various

sectors

andindustries.20Sources:MarketInsights

2023More

than

77%

of

respondents

want

to

implement

Internet

of

Things

andconnected

devices

in

the

next

5

yearsMarket

drivers:

summary

(2/2)Share

ofcompanieswhoare

likelytoimplementthetechnologyinthenext5years

in%(1)Digitalplatforms

and

apps86.4Educationandworkforce

development

technologies80.980.0Big

data

analyticsInternet

of

Thingsand

connected

devicesCloudcomputing76.876.6Encyptionandcybersecurity75.6E-commerce

and

digitaltradeArtificialintelligence75.374.9Environmental

management

technologiesClimatechangemitigation

technologyText,image,

and

voice

processingAugmented

andvirtualrealityPower

storage

andgenerationEletric

and

autonomous

vehiclesRobots,

non-humanoid64.562.861.859.152.151.551.321

Notes:(1)

Worldwide;

November

2022

-

February2023;

803

global

companies.

Responses

representover11.3

million

employees

worldwide.Sources:

WorldEconomic

ForumThe

global

average

internet

penetration

rate

is

predicted

to

increase

steadilyuntil

2028Market

drivers:

internet

penetrationInternetpenetration

in%88.086.89084.982.680.375.88070.665.97061.256.26052.148.550

45.2403020100201620172018201920202021202220232024202520262027202822Sources:MarketInsights

2023The

number

of

autonomous

vehicles

worldwide

was

almost

17,000

in

2022

andis

projected

to

reach

126,000

by

2030Market

drivers:

autonomous

vehiclesNumberofautonomous

vehicles

worldwide

in1,000

units(1)125.794.972.355.442.833.626.621.217.02022202320242025202620272028202920305Notes:(1)

Forecastfrom2023

-

2030NextMoveStrategyConsultingSource:In

2023,

all

professional

services

such

as

public

cloud

and

data

centers

are

morelikely

to

be

used

in

AI

deploymentsMarket

drivers:

AI(1/2)Worldwide

deploymentlocations

ofAI

inferenceinenterprisesin

2023

by

levelof

adoption

in%(1)PubliccloudEnterprise

datacenter0.390.330.300.460.420.31Third-party

datacenterRegional

datacenter

close

todata

sourceNetwork

operator

infrastructureMicro-datacenter0.250.240.200.240.180.180.270.250.200.270.190.17Computing/network

deviceITserver

closet/roomIoT

device/gatewayAIexplorersAIpioneersNotes:/1)

N=1,516

respondentsSources:

S&PGlobalMarketIntelligence,

WEKAIn2022,

the

global

artificial

intelligence

market

was

worth

US$135

billion,

and

itis

predicted

to

continue

growing

at

CAGR

of

21%Market

drivers:

AI(2/2)Global

artificial

intelligence

market

sizeinbillionUS$739660585+21%(1)5114463703062422281351082020202120222023202420252026202720282029203025

Notes:Sources(1)

CAGR:

Compound

Annual

GrowthRate/average

growthrate

per

yearMarketInsights

2023MARKET

INSIGHTMarket

MethodologyWe

follow

a

4-step

process

when

creating

the

IoT

marketIoT

market

methodologyResearch

anddata

collectionData

pre-processingModelingandforecastingQuality

assurance

andoutputFindand

combine

reliable

sourceson

IoTindustryStandardizeinput

format,inspectmissing

data

pointsand

outliers,ensure

consistencyForecasting

of

IoT

marketValidation,adjustments,andpublicationof

comparable

keymarket

indicatorsOurteam

ofinternational

expertsidentifiesandevaluates

availabledatasources.

These

includeannualreportsbykey

players

intheindustry,nationalstatisticaloffices,

andinternationalassociations,

as

well

astheirmediacenters

andwebsites.We

ensure

thattheinformation

used

inourmodels

iscomparable

andexpressed

instandardunits.Usinganalgorithmic

approach,outliers

areeliminated,

andmissing

data

pointsareeither

estimated

(ifenough

informationisalready

available)

or

furtherresearched.Forecasting

is

doneon

amarket

level

for

Extensive

plausibilityand

consistencyITServices,

usingamix

ofstandardapproaches,

suchasexponentialchecks

ofderived

time

series

aredoneinorder

toensure

thehigh

qualityofsmoothing,

and

usingparameters

which

ourmarket

analysis.

Thisqualitybest

fit

thehistorical

data.assurance

alsoincludesvalidationswhich

are

doneusingexternal

sources.Finally,model/make

data

is

aggregatedinto

indicators

fortheplatform.27Sources:MarketInsights

2023We

size

the

markets

by

using

top-down

andbottom-up

approachesMarket

methodology:

modeling

approach

(1/2)Detailed

analysisfor

selected

countriesUnderlying

data:We

obtaindata

fortheworld’s

largest

economies

(e.g.,theUnited

States,China,andGermany)

throughanin-depthanalysisofeach

market.

Toevaluate

themarkets,

we

usethelatestfinancialdatafromthea