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Yahoo
06-05-2025
- Business
- Yahoo
Share Worth USD 352.24 Billion by 2034 at a 3.4% CAGR: Custom Market Insights (Analysis, Outlook, Leaders, Report, Trends, Forecast, Segmentation, Growth Rate, Value)
These services include product testing, supply chain inspection, and system certification. Expansion in renewables, EVs, and digital technologies is driving demand for expertise-driven TIC services. In countries like India and China, government policies in support of infrastructure and safety are boosting TIC activity. With sustainability increasingly becoming a global issue, TIC firms are also helping to assess environmental impacts and conduct green certification processes. The industry is worth over USD 200 billion in 2022 and is expanding due by the development of globalization, increasing regulation, and increasing consumer demands (Market Research Future, 2023). Large players such as SGS, Bureau Veritas, TÜV NORD GROUP, TÜV SÜD, DEKRA SE, and DNV GL offer services to industries such as automotive, food, energy, and consumer goods. We gain an understanding of the worldwide TIC market and its growing role in ensuring quality and compliance. The testing, inspection, and certification (TIC) industry globally plays a crucial role in making products, systems, and services of quality, safe, and regulatory compliance. Click Here to Access a Free Sample Report of the Global Testing Inspection and Certification (TIC) Market @ 'According to the latest research study, the demand of the global Testing Inspection and Certification TIC Market size & share was valued at approximately USD 255.19 Billion in 2024 and is expected to reach USD 262.97 Billion in 2025 and is expected to reach a value of around USD 352.24 Billion by 2034, at a compound annual growth rate (CAGR) of about 3.4% during the forecast period 2025 to 2034.' Austin, TX, USA, May 06, 2025 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled ' Testing, Inspection and Certification (TIC) Market Size, Share, Growth Analysis Report By Type (Inspection, Certification, Testing), By Domain (Medical & Life Science, Chemical, Consumer Goods, Food & Beverages), and By Region - Global Industry Overview, Statistical Data, Competitive Intelligence, Trends, Outlook, and Forecast 2025–2034 ' in its research database. [220+ Pages Latest Report] According to a market research study published by Custom Market Insights, the demand analysis of Global Testing Inspection and Certification TIC Market size & share revenue was valued at approximately USD 255.19 Billion in 2024 and is expected to reach USD 262.97 Billion in 2025 and is expected to reach around USD 352.24 Billion by 2034, at a CAGR of 3.4% between 2025 and 2034. The key market players listed in the report with their sales, revenues and strategies are SGS, Bureau Veritas, TÜV NORD GROUP, TÜV SÜD, DEKRA SE, DNV GL, Lloyd Register Group, MISTRAS Group, Element Materials Technology, Apave International, and others. Story Continues Testing, Inspection and Certification (TIC) Market Growth Factors and Dynamics Growing Need for Digital Transformation: The Intersection of cutting-edge technologies such as Artificial Intelligence (AI), Machine Learning (ML), and the Internet of Things (IoT) is transforming the TIC market. These technologies provide improved accuracy, efficiency, and speed of test and inspection processes. AI and ML-driven algorithms can process vast amounts of data and recognize patterns and anomalies, enabling predictive maintenance and fault detection in advance. For example, in October 2024, Bureau Veritas, a world leader in Testing, Inspection and Certification services, acquired Aligned Incentives, a Massachusetts-based company providing AI-driven sustainability planning solutions. The acquisition helps Bureau Veritas enhance its abilities in analyzing Scope 3 emissions and life cycle assessment (LCA) to support its LEAP 28 strategy for expanding sustainability services. Aligned Incentives' GenAI-driven AITrack solution provides detailed insights into corporate portfolios, enabling companies to efficiently measure and control carbon footprints. We make the strategic decision to meet the growing demands for concise ESG disclosures and accelerate our customers' transition to a lower-carbon economy. Global Regulatory Compliance Growth: As industries expand overseas, compliance with various regulatory standards is becoming mandatory. The TIC market has a significant role in facilitating the capability of companies to deal with intricate regulatory environments to ensure that products are compatible with international levels of safety and quality. Compliance is required in a bid to guarantee market access and prevent legal entrapment. For example, in June 2024, Trina Storage collaborated with TÜV SÜD to develop an end-to-end test and certification program that ensures that its energy storage products are compliant with the new EU Battery Regulation (EU2023/1542). The collaboration encompasses seven priority areas, ranging from safety and carbon footprint to recyclability. The collaboration will also include training personnel, setting regulatory rules, and making preparations for conformity assessments. The move is aimed at enhancing sustainability, regulatory compliance, and market leadership in energy storage technology. Request a Customized Copy of the Testing Inspection and Certification (TIC) Market Report @ Sustainability Programs: As the government and consumer consciousness compel the environment, companies are adopting sustainability. The TIC market demonstrates this commitment through environmental audits, the identification of carbon footprints, and sustainability reporting. For example, on February 26, 2025, the European Commission launched the Clean Industrial Deal to speed up the shift toward the green economy and make Europe a world leader in sustainable industrial change. The initiatives include both environmental and chemical ones, such as speeding up clean manufacturing and energy, boosting clean EU product demand, and promoting circularity through implementing the Critical Raw Materials Act and a Circular Economy Act. Additionally, the initiatives include trade policy measures such as tariff hikes, the adoption of Trade Defence Instruments, the strengthening of the Carbon Border Adjustment Mechanism (CBAM), and the establishment of Clean Trade and Investment Partnerships. They also encompass competition policy in areas like state aid rules, antitrust regulations, and merger control to promote innovation and prevent monopolies in markets. Report Scope Feature of the Report Details Market Size in 2025 USD 262.97 Billion Projected Market Size in 2034 USD 352.24 Billion Market Size in 2024 USD 255.19 Billion CAGR Growth Rate 3.4% CAGR Base Year 2024 Forecast Period 2025-2034 Key Segment By Source, Service Type, Application, Industrial Vertical and Region Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America Buying Options Request tailored purchasing options to fulfil your requirements for research. (A free sample of the Testing Inspection and Certification (TIC) report is available upon request; please contact us for more information.) Our Free Sample Report Consists of the following: The 2024 updated report includes an introduction, an overview, and an in-depth industry analysis. The package includes the COVID-19 Pandemic Outbreak Impact Analysis. About 220+ Pages Research Report (Including Recent Research) Provide detailed chapter-by-chapter guidance on the Request. Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2025 Includes Tables and figures have been updated. The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis Custom Market Insights (CMI) research methodology (Please note that the sample of the Testing Inspection and Certification (TIC) report has been modified to include the COVID-19 impact study prior to delivery.) Request a Customized Copy of the Testing Inspection and Certification (TIC) Market Report @ Testing, Inspection and Certification (TIC) Market SWOT Analysis Strengths: The TIC business is driven by strong global demand for regulatory compliance, safety assurance, and quality control across different industries such as automotive, healthcare, aerospace, and food. Players like SGS, Bureau Veritas, TÜV SÜD, and DEKRA have extensive experience spanning decades and global accreditation, ensuring consistent service quality. These players play a crucial role in facilitating international trade by ensuring products and systems meet regulatory requirements. Their well-established relationships, technical skills, and brand reputation render them go-to partners for businesses operating in highly regulated environments. Weaknesses: Despite its advantages, the TIC market faces a range of internal issues. Excessive operating expenses in terms of the requirement for advanced testing equipment, skilled staff, and constant compliance updates can be prohibitive, especially for smaller operators. The market is also extremely fragmented with different standards and regulatory needs across regions, which can cause inefficiencies and inconsistencies. Most TIC firms are also highly dependent on certain industries for revenues, and therefore, they are susceptible to sector-specific slowdowns or disruptions. Opportunities: The market is rich with growth prospects, especially in developing economies where globalization and industrialization are growing at a rapid pace. Growing concern for product safety and environmental compliance is fueling the demand for TIC services in markets such as Southeast Asia, Africa, and Latin America. Advances in technology—AI, IoT, and automation—allow for smarter and quicker inspection processes, creating opportunities for innovative services. Moreover, emerging industries such as renewable energy, cybersecurity, and digital health offer new spaces where TIC services can play a key role. Threats: Strict competition, particularly from local providers of lower-cost options, is increasingly challenging the TIC sector. Such pressure on prices can result in smaller margins and substandard service delivery. Additionally, coping with sophisticated and changing regulatory environments can cause delays in certification processes and higher risks of operation. The existence of non-accredited or unauthorized providers also compromises the integrity of certified services, risking customer trust and industry standards. Request a Customized Copy of the Testing Inspection and Certification (TIC) Market Report @ Key questions answered in this report: What is the size of the Testing Inspection and Certification TIC market and what is its expected growth rate? What are the primary driving factors that push the Testing Inspection and Certification TIC market forward? What are the Testing Inspection and Certification TIC Industry's top companies? What are the different categories that the Testing Inspection and Certification TIC Market caters to? What will be the fastest-growing segment or region? In the value chain, what role do essential players play? What is the procedure for getting a free copy of the Testing Inspection and Certification TIC market sample report and company profiles? Key Offerings: Market Share, Size & Forecast by Revenue | 2025−2034 Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by regions Competitive Landscape – Top Key Vendors and Other Prominent Vendors Buy this Premium Testing Inspection and Certification (TIC) Research Report | Fast Delivery Available - [220+ Pages] @ Testing, Inspection and Certification (TIC) Market Regional Analysis We can divide the Testing, Inspection and Certification TIC Market based on different regions such as North America, Europe, Asia-Pacific, and LAMEA. A summary of each of these regions follows: Strict regulatory standards in industries such as healthcare, automotive, aerospace, and food & beverage drive North America's TIC industry. Growing regulatory complexity demands strict Testing, Inspection and Certification procedures to guarantee compliance and safety. Technology growth and a growing focus on sustainability also enhance the need for TIC services in the region. For instance, in April 2024, UL Solutions, a global leader in safety science and testing, launched its initial public offering, aiming to raise $812 million by selling 28 million secondary shares priced between $26 and $29 each. The offering, conducted entirely by its sole stockholder, UL Standards & Engagement, did not provide proceeds to UL Solutions itself. The shares began trading on the New York Stock Exchange under the ticker 'ULS,' with the IPO ultimately upsized to 33.8 million shares priced at $28, raising approximately $1.1 billion. UL Solutions provides testing, inspection, certification, software, and advisory services worldwide, supporting product safety, security, and sustainability across more than 100 countries. Europe: Europe's TIC market is dominated by stringent regulatory standards for industries like consumer goods, automobiles, and health. The concentration on product safety, environmental compatibility, and quality is what dictates the demand for extensive TIC services in this region. Incorporation of digital technologies like AI is also shaping the TIC environment in Europe. For instance, in May 2023, Applus+ is integrating artificial intelligence (AI) to enhance its inspection processes, improve efficiency, and offer advanced services across various sectors, including non-destructive testing, automotive testing, and statutory vehicle inspection. AI is used to automate the analysis of data and images, such as assessing pipeline wall thicknesses and providing technical support to inspectors, as well as in automotive applications like characterizing vehicle comfort, detecting brake noise, and validating crash-test signals. In vehicle inspections, AI powers features like number plate recognition, chatbot-assisted booking, and automated damage recognition for leased cars, leading to faster, more accurate, and less subjective assessments. Asia-Pacific: The Asia-Pacific TIC market is experiencing tremendous growth due to rapid industrialization, increased manufacturing activities, and changing regulatory environments. Technological innovations, including the addition of robotics, AI, and remote inspection technologies, are transforming conventional TIC processes in the region. China, Japan, and India are leading the market here, with a strong focus on product quality and safety regulations. For instance, in November 2021, Eurofins Softlines & Leather–Toys & Hardlines (Eurofins S&L-T&H) acquired Modern Testing Services (MTS), a full-service safety and quality services provider for the consumer product industry, as part of its worldwide strategic expansion plan. This acquisition will enhance Eurofins S&L-T&H's goal of becoming a top leader in the Testing, Inspection and Certification TIC industry and provide customers from both companies with an expanded global services network in over 35 locations across more than 20 countries, along with robust technical expertise from over 2,000 employees. MTS has a strong reputation and customer base, particularly in North America, making it a valuable addition to Eurofins' global footprint. LAMEA: The market for TIC in the LAMEA region is expanding with growing industrial operations, infrastructure construction, and adoption of regulatory norms to maintain safety and quality. Middle Eastern nations are making investments in industries such as oil and gas, construction, and renewable energy, where TIC services are required. The expansion in Africa is based on mining operations and the requirement of quality assurance for exports. For instance, in March 2025, Rajarshi Gupta, Managing Director of ONGC Videsh Limited, announced the company's strategic expansion into energy projects across the Middle East, Africa, and Latin America, strengthening its global footprint in oil and gas exploration. In line with this strategy, ONGC, through its subsidiary ONGC Green, acquired PTC Energy for ₹9.25 billion (approx. $106 million), adding 288 MW of operational wind capacity. This acquisition supports ONGC's goal of achieving 10 GW of renewable energy capacity by 2030 and highlights the rising need for Testing, Inspection and Certification TIC services in the LAMEA region, especially in the energy transition sector where regulatory compliance and quality assurance are becoming critical. Request a Customized Copy of the Testing Inspection and Certification (TIC) Market Report @ (We customized your report to meet your specific research requirements.). Inquire with our sales team about customizing your report.) 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Email Directly Here with Detail Information: support@ Browse the full 'Testing, Inspection and Certification (TIC) Market Size, Share, Growth Analysis Report By Type (Inspection, Certification, Testing), By Domain (Medical & Life Science, Chemical, Consumer Goods, Food & Beverages), and By Region - Global Industry Overview, Statistical Data, Competitive Intelligence, Trends, Outlook, and Forecast 2025–2034' Report at List of the prominent players in the Testing, Inspection, and Certification (TIC) Market: SGS Bureau Veritas TÜV NORD GROUP TÜV SÜD DEKRA SE DNV GL Lloyd Register Group MISTRAS Group Element Materials Technology Apave International Others Click Here to Access a Free Sample Report of the Global Testing Inspection and Certification (TIC) Market @ Spectacular Deals Comprehensive coverage Maximum number of market tables and figures The subscription-based option is offered. Best price guarantee Free 35% or 60 hours of customization. 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What Developments Are Going On in That Technology? Which Trends Are Causing These Developments? Who Are the Global Key Players in This Testing Inspection and Certification TIC Market? What are the company profiles, product information, and contact details for these key players? What Was the Global Market Status of the Testing Inspection and Certification TIC Market? What was the capacity, production value, cost, and profit of the testing, inspection, and certification TIC market? What Is the Current Market Status of the Testing Inspection and Certification TIC Industry? What's the market's competition in this industry, both company-wise and country-wise? What's Market Analysis of Testing Inspection and Certification TIC Market by Considering Applications and Types? What Are Projections of the Global Testing Inspection and Certification TIC Industry Considering Capacity, Production and Production Value? What Will Be the estimate of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports? What Is Testing Inspection and Certification TIC Market Chain Analysis by Upstream Raw Materials and Downstream Industry? What Is the Economic Impact On Testing Inspection and Certification TIC Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends? What Are Market Dynamics of Testing Inspection and Certification TIC Market? What Are Challenges and Opportunities? What should be the entry strategies, countermeasures to economic impacts, and marketing channels for the Testing, Inspection, and Certification (TIC) industry? Click Here to Access a Free Sample Report of the Global Testing Inspection and Certification TIC Market @ Reasons to Purchase Testing Inspection and Certification TIC Market Report Testing Inspection and Certification TIC Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors. Testing Inspection and Certification TIC Market report outlines market value (USD) data for each segment and sub-segment. This report indicates the region and segment expected to witness the fastest growth and dominate the market. Testing Inspection and Certification TIC Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region. The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled. We provide extensive company profiles that include company overview, company insights, product benchmarking, and SWOT analysis for the major market players. The Industry's current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions. Testing Inspection and Certification TIC Market Includes in-depth market analysis from various perspectives through Porter's five forces analysis and provides insight into the market through Value Chain. Reasons for the Research Report The study provides a thorough overview of the global Testing Inspection and Certification TIC market. Compare your performance to that of the market as a whole. Aim to maintain competitiveness while innovations from established key players fuel market growth. Buy this Premium Testing Inspection and Certification TIC Research Report | Fast Delivery Available - [220+ Pages] @ What does the report include? Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Testing Inspection and Certification TIC market analysis. The competitive environment of current and potential participants in the Testing Inspection and Certification TIC market is covered in the report, as well as those companies' strategic product development ambitions. According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions. We have provided actual market sizes and forecasts for each segment mentioned above. Who should buy this report? Participants and stakeholders worldwide in the testing, inspection, and certification (TIC) market should find this report useful. The research will be useful to all market participants in the Testing Inspection and Certification TIC industry. Managers in the Testing Inspection and Certification TIC sector are interested in publishing up-to-date and projected data about the worldwide Testing Inspection and Certification TIC market. Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Testing Inspection and Certification TIC products' market trends. Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans. Request a Customized Copy of the Testing Inspection and Certification (TIC) Market Report @ About Custom Market Insights: Custom Market Insights is a market research and advisory company delivering business insights and market research reports to large, small, and medium-scale enterprises. We assist clients with strategies and business policies and regularly work toward achieving sustainable growth in their respective domains. CMI offers a comprehensive solution from data collection to investment advice. Our company's expert analysis digs out essential factors that help us understand the significance and impact of market dynamics. The professional experts apply clients inside on the aspects such as strategies for future estimation fall, forecasting or opportunity to grow, and consumer survey. 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Japan Times
22-04-2025
- Business
- Japan Times
All hail the rise of the humanoid robots
Color me confused. After years of being told not to associate the word 'robots' with "Terminator"-type androids, recent news is chock-full of reports of humanoid robots running half marathons or performing dances and other gymnastic maneuvers. Not only do I have to redraw my mental image of those devices — I'd gotten comfortable with Robot from the 1960s TV show, 'Lost in Space" — but there is also news that robots can now build themselves. There is good reason to be scared — or at least concerned — but as usual, it's not what you think. Robotics is another of the critical emerging technologies, mastery of which will be central to 21st-century economic leadership. In combination with artificial intelligence, robotics can, and likely will, reshape industrial production on a paradigm-shifting scale. The next industrial revolution will proceed in the footsteps of its robotic participants. Robots are big business. There were an estimated 4.3 million operational robots in 2023 and another 5 million consumer service robots — like those in a cafe in Shibuya — in operation. Revenue numbers vary. According to one estimate, sales will hit $50 billion this year. But Market Research Future reckoned that global sales exceeded $71 billion in 2023 and projects 18.2% annual growth will grow the market to $200 billion by 2030. Robots, especially the industrial variety, are old news. Assembly lines have become increasingly automated, an evolution that has been key to Asia's industrial trajectory and its manufacturing successes. Japan has long been a leader in this field. The buzz today surrounds humanoid robots, machines that try to mimic human actions. An authoritative analysis by Bank of America released last month anticipates that global sales of those machines will explode. It forecasts global sales of just 18,000 units this year which will grow to 1 million units in 2030 and 10 million in 2035, an 88% annual growth rate over the next 10 years. By 2060, BoA expects there to be 3 billion in operation, or one robot for every three people on the planet. China is likely to be the chief beneficiary of that extraordinary growth. A Morgan Stanley report earlier this year concluded that 'China continues to show the most impressive progress in humanoid robotics where startups are benefiting from established supply chains, local adoption opportunities and strong degrees of national government support.' Key to that incredible trajectory is a cost structure that rapidly decreases as parts are commoditized and mass production spreads. Some scoff at the idea of an 88% growth rate, but there's precedent: The BoA analysts note that the compound annual growth rate of passenger electric vehicle sales in China reached 90% in the decade between 2013 and 2023. Reyk Knuhtsen of SemiAnalysis, an independent research and analysis firm that focuses on semiconductors and AI, warns that the analogy is apt: 'China has the potential to replicate its disruptive impact from the EV industry in the humanoid space.' China's success is another example of the vision of — and resources behind — Made in China 2025, the 2015 strategic plan to transform Chinese industry and position the country to lead in the most important and competitive sectors of the 21st-century economy. Robotics is one of five strategic initiatives in the plan, one that aimed to introduce smart manufacturing and digitalization. In 2023, China's Ministry of Industry and Information Technology identified humanoid robots as the 'new frontier in technological competition.' Beijing isn't the only government with this vision. A quick survey of 10 countries' lists of critical and emerging technologies revealed that all included robotics. Unfortunately, noted Knuhtsen, only China is positioned to achieve the EV-style breakthrough. That reflects the country's leadership in the field. The Australian Strategic Policy Institute's Critical Technology Tracker puts China as number one in advanced robotics (with 34.5% of high-impact research outputs), followed by the United States (19.7%), the U.K., Italy and Germany. There is some dispute around the ASPI's methodology, but all agree that China's lead in the development of AI algorithms, when combined with its superior manufacturing capability, make that country the pacesetter in this sector. Moreover, experts note that when it comes to manufacturing, 70% of the components of humanoid robots are interchangeable with those of EVs. So once again, leadership in one field — electric vehicles — generates spillover effects in other key technologies. This is where it gets really interesting. Humanoid robots are sometimes called 'embodied AI' because they are intended to escape the two dimensions of the screen and allow their hardware to interact with the environment. In so doing, the robot learns and evolves. He Han, a member of the Chinese People's Political Consultative Conference (CPPCC) National Committee, China's top political advisory body, and CEO of Tianyu Digital Technology, told Beijing Review that 'This is an evolutionary revolution from mechanical shells to digital life forms.' He added that 'Embodied intelligence deeply integrates AI into 3D physical environments, enhancing perception, comprehension, interaction and decision-making in real-world contexts. ... It vastly expands AI's depth and breadth of understanding, enabling more scientific, rational and adaptive decisions.' It's only a slight exaggeration to call that "Terminator"-type material. But it's the second dimension of this combination of hardware and AI that should keep you up at night. An important piece of that evolution is allowing robots to design the next generation of robots, a development that will transform production. For Knuhtsen, the impact of this is 'exponential compared to their last strategic industry captures.' He explained that 'robotics systems manufacturing more robotics systems, and with each unit produced the cost will be driven down continuously and the quality will improve, only strengthening their production flywheel. This will repeat ad infinitum.' This process is under way. Tesla has a humanoid robot project, Optimus, that Elon Musk thinks could be a bigger business than his automobile venture. (Skeptics are skeptical.) Nvidia last month released GR00T N1, 'the first of a family of fully customizable models that NVIDIA will pretrain and release to worldwide robotics developers.' For industry observers, however, China is setting the pace. Unitree Robotics, a Chinese company whose models can dance, as well as do standing front and side flips, has reportedly sold two humanoid robots and other Chinese manufacturers have announced plans to produce 5,000 units this year, which is also Optimus' goal. Other Chinese companies have introduced AI models that learn from watching videos. Most significantly, Chinese supply chains are wholly domestic, uncoupled from foreign — read: U.S. — suppliers. That means that those companies capture the cost declines, a process we've already seen in the EV sector. Industry observers warn of 'a DeepSeek moment' — when China's reduced costs, forecast to fall 70% over the next five years, upend traditional economic expectations for a new technology — or 'an iPhone moment' or 'a ChatGPT moment,' shorthand for the tipping point to mass consumption, and which is expected in three to five years. And because this is a general purpose technology, one that is used throughout the economy, Knuhtsen warns that 'this time the disruption could extend far beyond a single industry, potentially transforming the labor force itself.' He concludes that this 'poses an existential threat to the U.S. as it is outcompeted in all capacities.' Color me scared. Brad Glosserman is deputy director of and visiting professor at the Center for Rule-Making Strategies at Tama University as well as senior adviser (nonresident) at Pacific Forum. His new book on the geopolitics of high-tech is expected to come out from Hurst Publishers this fall.
Arab News
17-04-2025
- Business
- Arab News
Saudi Arabia's date exports rise 15.9% in 2024, reaching $451m
RIYADH: Saudi Arabia's date exports saw a 15.9 percent year-on-year increase in 2024, reaching SR1.695 billion ($451.7 million), according to newly released data from the National Center for Palms and Dates. In the same year, the Kingdom produced more than 1.9 million tonnes of dates, underscoring its significant role in the global date industry, the Saudi Press Agency reported. Home to over 33 million palm trees—representing approximately 27 percent of the world's total—Saudi Arabia maintains around 123,000 palm agricultural holdings across the country, further solidifying its position as a global leader in date production. Looking ahead, the global date market is expected to grow from $120 million in 2023 to $220 million by 2032, with a projected compound annual growth rate of 5.22 percent, according to Market Research Future. The SPA statement said: 'Saudi dates have achieved notable expansion across global markets, reaching consumers in 133 countries. The export value represents a 15.9 percent increase compared to 2023.' It added: 'The growth is attributed to sustained efforts aimed at enhancing the quality of Saudi dates and broadening their global marketing presence, highlighting the increasing importance of the palm and date sector in bolstering the national economy and diversifying revenue streams.' The Kingdom's date industry has undergone a remarkable transformation since the launch of Vision 2030 in 2016 — a strategic initiative aimed at diversifying Saudi Arabia's non-oil economy. According to recent data, the value of Saudi date exports has surged by 192.5 percent over the past eight years, reflecting an impressive compound annual growth rate of 12.7 percent. This upward trajectory underscores Saudi Arabia's continued progress in establishing itself as a key player in the global date market, while also highlighting the sector's growing role in contributing to global food security. The sector's success can be attributed to the unwavering support of the Kingdom's leadership, recognizing the palm and date industry as a cornerstone of Saudi heritage and cultural identity. This support is complemented by the collaborative efforts of producers, exporters, and government agencies working to streamline export processes and expand international market reach through strategic partnerships with the private sector. The cultural and economic importance of dates is symbolized by the inclusion of a date palm flanked by crossed swords in the Saudi national emblem. As a symbol of Arab hospitality and a staple in the daily lives of Saudis, the fruit holds deep-rooted significance in the Kingdom. In recent years, a range of local and international initiatives have helped elevate the market value of Saudi dates. Notably, the establishment of the National Center for Palms and Dates and the International Dates Council—which brings together 11 date-producing countries—reflects the Kingdom's leadership in shaping the future of the global date industry.
Yahoo
08-04-2025
- Business
- Yahoo
IBM releases a new mainframe built for the age of AI
IBM is releasing the latest version of its mainframe hardware that includes new updates meant to accelerate AI adoption. The hardware and consulting company on Monday announced IBM z17, the latest version of its mainframe computer hardware. This fully encrypted mainframe is powered by an IBM Telum II processor and is designed for more than 250 AI use cases, the company says, including AI agents and generative AI. Mainframes might seem like old hat, but they're used by 71% of Fortune 500 companies today, according to one source. In 2024, the mainframe market was worth an estimated $5.3 billion, per consulting firm Market Research Future. The z17 can process 450 billion inference operations in a day, a 50% increase over its predecessor, the IBM z16, which was released in 2022 and ran on the company's original Tellum processor. The system is designed to be able to fully integrate with other hardware, software, and open-source tools. Tina Tarquinio, VP of product management and design for IBM Z, told TechCrunch that this mainframe upgrade has been in the works for five years — well before the current AI frenzy that started with the release of OpenAI's ChatGPT in November 2022. IBM spent more than 2,000 research hours getting feedback from over 100 customers as it built the z17, Tarquinio said. She thinks it's interesting to see that, now, five years later, the feedback they got aligned with where the market ended up heading. "It has been wild knowing that we're introducing an AI accelerator, and then seeing, especially in the later half of 2022, all of the changes in the industry regarding AI," Tarquinio told TechCrunch. "It's been really exciting. I think the biggest point has been [that] we don't know what we don't know about what's coming, right? So the possibilities are really unlimited in terms of what AI can help us do." The z17 is set up to adapt and accommodate where the AI market heads, Tarquinio said. The mainframe will support 48 IBM Spyre AI accelerator chips upon release, with the plan to bring that number up to 96 within 12 months. "We are purposely building in headroom," Tarquinio said. "We're purposely building in AI agility. So as new models are introduced, [we're] making sure that we've built in the headroom for bigger, larger models — models that maybe need more local memory to talk to each other. We've built in that because we know it's really the approach that will change, right? The new models will come and go." Tarquinio said that one of the highlights of this latest hardware — although she joked it was like being asked to pick her favorite child — is that the z17 is more energy-efficient than its predecessor and supposedly competitors, too. "On-chip, we're increasing the AI acceleration by seven and a half times, but that's five and a half times less energy than you would need to do, like, multi-model on another type of accelerator or platform in the industry," Tarquinio said. The z17 mainframes will become generally available on June 8. This article originally appeared on TechCrunch at Sign in to access your portfolio
Yahoo
01-04-2025
- Business
- Yahoo
Is HarborOne Bancorp Inc. (HONE)The Best Small Cap Bank Stock To Invest In Now?
We recently published a list of . In this article, we are going to take a look at where HarborOne Bancorp Inc. (NASDAQ:HONE) stands against other best small cap bank stocks to invest in now. The global banking market was valued at $35.4 billion in 2024, according to Market Research Future. It's expected to grow from $37.17 billion in 2025 to $55.25 billion by 2034 at a CAGR of 4.55%. McKinsey and Company's Global Banking Annual Review for 2024 stated that the global banking industry has consistently displayed low price-to-book multiples, ranking at the bottom of all sectors. This raises a lot of questions regarding the industry's long-term value creation. However, in the past 2 years, the sector has seen healthy profitability, capital, and liquidity since the global financial crisis of 2007-2009. Because these gains are attributed to the surging interest rates, there are several questions about their sustainability. However, without these gains, the Return on Tangible Equity (ROTE) for many regions would fall below the cost of capital. The banking market should focus on structural changes and operational efficiency to counteract these concerns. Analyzing high-performing banks shows that they often result from specific segment selection and strategic scaling within the value chain and geographically. Barclays senior equity analyst Jason Goldberg joined CNBC's 'Squawk Box' on March 20 to discuss the state of the banking sector. Goldberg talked about the recent volatility in bank stocks, which initially increased after the presidential election but was followed by a drop. He thinks that bank valuations are currently lower than their historical averages, considering that the price-to-book ratios are about half a point lower than usual. Goldberg explained that the reason for the initial surge in this sector remains intact when asked about whether the fundamental environment for banks shifted since their peak during the recent rally. This is because of market enthusiasm for a pro-growth agenda and expectations of reduced regulation. He acknowledged the presence of near-term uncertainties about taxes, immigration, and tariffs. But he's positive that these issues will be resolved shortly and followed by increased corporate borrowing, investment, M&A, and IPO activity. Overall, Goldberg is of the idea that the potential for loan growth, increased merger activity, and reduced regulations will all contribute to an optimistic banking sector. We sifted through the Finviz stock screener to compile a list of all the bank stocks that were trading between $300 million and $2 billion. We then selected the 10 stocks that were the most popular among elite hedge funds and that analysts were bullish on. The stocks are ranked in ascending order of the number of hedge funds that have stakes in them, as of Q4 2024. The hedge fund data was sourced from Insider Monkey's database which tracks the moves of over 900 elite money managers. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here). A busy street corner outside of a branch of the company prominently displaying its sign. Market Capitalization as of March 28: $459.55 million Number of Hedge Fund Holders: 23 HarborOne Bancorp Inc. (NASDAQ:HONE) is a financial services company that caters to individuals, families, small and mid-size businesses, and municipalities. It operates in two segments: HarborOne Bank and HarborOne Mortgage. It offers deposit and lending products, along with educational services like free digital content, webinars, and recordings for small business and personal financial education. The company's subsidiary for mortgage lending is the HarborOne Mortgage segment which contributes significantly to the company's overall revenue. The segment generated $1.1 million in Q4 2024 net income, which was a big difference from the $1.1 million loss in Q3 previously. This major improvement came from the $4 million gains on loan sales due to mortgage closings that totaled $179.1 million. This growth came despite rising mortgage rates and seasonal slowdowns, because of which the rate-locked pipeline experienced a $30.7 million decrease. This segment is particularly sensitive to interest rate changes. Notably, the value of mortgage servicing rights (MSR) also increased by $1.9 million in Q4. MSR is the process of determining the present value of future cash flows that could come from servicing mortgage loans. Overall, HONE ranks 10th on our list of best small cap bank stocks to invest in now. While we acknowledge the growth potential of HONE, our conviction lies in the belief that AI stocks hold great promise for delivering high returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than HONE but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: and . Disclosure: None. This article is originally published at . Sign in to access your portfolio
