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News.com.au
4 days ago
- Business
- News.com.au
Working from home now a ‘permanent' feature across Australia
The true impact of the rise in remote work across Australia has been revealed, proving this type of flexibility is now a 'permanent' fixture of the country's workplace landscape. Extensive new data released by market research agency, Roy Morgan, has found a whopping 6.7 million people in Australia work from home at least some of the time. This figure represents 46 per cent of employed Australians, with the number of people working remotely at least partially rising to 51 per cent for full-time employees. Roy Morgan interviewed 41,449 employed Australians between July 2024 and June 2025 to uncover just how entrenched flexible working has become. CEO Michele Levine said the new findings 'clearly show that 'work-from-home' arrangements have become a permanent and distinct feature of Australia's employment sector'. Uptake is the strongest in capital cities and is more common in industries where the majority of work is desk based, such as finance, communication and public administration. 'Across Australia's largest cities, 60 per cent of people who work in the CBDs 'work from home' at least some of the time, with Sydney CBD leading at nearly 70 per cent of workers,' she said. 'Melbourne CBD and Canberra CBD follow closely with majorities of 65 per cent and 61 per cent respectively.' Perth, Adelaide and Darwin are the only capital cities where the majority of workers do not WFH at least some of the time, with figures of those who never work remotely ranging from 51 per cent to 58 per cent. The research also revealed a 'clear link' between higher incomes and the ability to work from home. Of those earning under $25,000 a year, just 22 to 30 per cent have the ability to work remotely. As salaries increase, so does the likelihood being able to WFH, increasing to 33-36 per cent in the $30,000 to $49,999 range, 38 per cent for those earning $50,000 to $59,999 and 42 per cent for those in the $60,000 to $69,999 bracket. A 'notable shift' occurs once earnings exceed $90,000, with more than half (53 per cent) of people able to work from home. This increases to 56 to 58 per cent between $100,000 and $149,999 and 61 per cent for $150,000 to $199,999. 'At the highest levels, 'work from home' peaks at 64 per cent for those earning $300,000 or more, with only 36% working entirely in-person,' the report states. 'This trend reflects the nature of different roles: lower-income jobs often require physical presence, while higher-income positions are more likely to involve desk-based, or technology-enabled work that can be performed remotely. 'Overall, the findings highlight income as a strong driver of flexible work access, with remote work heavily concentrated in higher salary brackets.' Another key factor in determining rates of working from home is workplace size. Solo workers and self-employed people lead the way with the highest WFH rate at 55 per cent, highlighting the flexibility that comes with working for yourself. Very small workplaces, with two to four employees, also show a high rate of working from home, with 48 per cent. However, these figures drops to 38 per cent for workplaces with between five and 24 employees, with the report noting this is likely a reflection of the more hands-on, client-facing or operational nature of the roles in these smaller businesses. From here, as the workforce grows, so does the rate of flexible working arrangements, with workplaces with between 25 and 299 employees having WFH rates ranging from 42 per cent to 45 per cent. Once workplaces reach 300 or more employees, this is when the WFH rate is at, or near, a majority of the workforce. This figure is 49 per cent for workplaces with 300 to 499 employees, places with 500 to 999 staff have a rate of 51 per cent and organisations with 1000 or more employees are hit the 52 per cent mark. 'This pattern highlights a tipping point where larger organisations possess the resources and culture necessary to support 'working from home' on a broader scale,' the report states. 'The data also indicates that while the smallest workplaces (solo workers) enjoy the greatest individual flexibility, it is the largest workplaces that lead majority working from work adoption, demonstrating that workplace size drives working from home in fundamentally different ways.' Ms Levine said gaining an 'in-depth understanding of the nuances surrounding current work from home trends' will be crucial for businesses, employees and policymakers moving forward.
Yahoo
11-08-2025
- Business
- Yahoo
Energy Storage Systems Market Size Set to Hit USD 569.39 Bn by 2034 Driven by Grid Firming and Renewables
According to Precedence Research, the global energy storage systems market size is worth USD 288.97 billion in 2025 and is forecasted to hit approximately USD 569.39 billion by 2034, expanding at a CAGR of 7.87% from 2025 to 2034. Driven by renewable integration, grid reliability, and EV growth, the market is set for robust expansion through 2034. Ottawa, Aug. 11, 2025 (GLOBE NEWSWIRE) -- In terms of revenue, the global energy storage systems market size accounted for USD 266.82 billion in 2024 and is projected to increase from USD 288.97 billion in 2025 to USD 569.39 billion by 2034. In terms of CAGR, the market is expected to expand at a notable annual rate of 7.87% from 2025 to 2034. Energy storage systems play vital roles in reducing peak demand, enhancing grid reliability, integrating renewable energy sources, resolving power outages, and in many other diverse applications which raise the importance of advanced technology systems. Note: This report is readily available for immediate delivery. We can review it with you in a meeting to ensure data reliability and quality for Before You Buy – Get the Sample Report@ mailto: Key Stats at a Glance: ➢ Market size (2024): USD 266.82 billion ➢ 2034 forecast: USD 569.39 billion. ➢ CAGR (2025–2034): 7.87%. ➢ Largest region (2024): Asia Pacific (48% revenue share). ➢ Largest technology (2024): Pumped hydro (95.4% share). ➢ Fastest-growing technology: Electrochemical storage (14.2% CAGR, 2025–2034). ➢ Dominant application (2024): Grid storage; Transportation is projected to grow fastest. ➢ Base year / Forecast window: 2024 / 2025–2034. Energy Storage Systems Market Overview The energy storage systems refer to batteries utilizing smart energy management systems for charging and discharging as per the needs. This approach is effective in reducing the energy consumption of the grids. These solutions offer multiple users and devices in data retrieval from a centralized disk capacity. They are a crucial part of data management for enterprises of all sizes. They ensure the smooth and efficient operation of mass-storage devices. These power solutions simplify design and enable rapid deployment of large-scale and enterprise storage needs. The major driving forces for the developments of renewable energy, such as wind power and solar energy, include the depletion of fossil fuels, the rise in energy demands, and concerns over climate change. The use of these solutions helps to improve the efficiency of energy storage utilization, which increases the use of renewable resources, increases energy access, and the electrification of the transportation sector. Nowadays, energy is stored using advanced methods and technologies, such as compressed air, molten salt, flywheels, thermals, and batteries. Scope of Energy Storage Systems Market Report Coverage Details Market Size in 2024 USD 266.82 Billion Market Size in 2025 USD 288.97 Billion Market Size in 2030 USD 435.32 Billion Market Size in 2032 USD 502.28 Billion Market Size by 2034 USD 569.39 Billion Growth Rate (2025 to 2034) CAGR of 7.87% Leading Region in 2024 Asia Pacific Fastest Growing Region Middle East & Africa Base Year 2024 Forecast Period 2025 to 2034 Segments Covered Technology, Application, End User, and Region Key Technologies Lithium-ion Batteries, Lead-acid Batteries, Flow Batteries, Thermal Storage, Flywheel, Compressed Air Energy Storage (CAES), Pumped Hydro Key Applications Grid Storage, Transportation, Residential, Commercial, and Industrial Major End Users Utilities, Renewable Energy Projects, EV Manufacturers, Commercial Enterprises, Industrial Facilities Regions Covered North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa Top Companies Profiled LG Chem., Convergent Energy and Power Inc., Eos Energy Storage, Beacon Power, LLC, BYD Company Ltd., ABB Ltd., Greensmith Energy Management Systems, Seeo, Inc., S&C Electric Company, Scheider Electric, SMA Solar Technology AG, Exide Industries Ltd. Drivers Rapid renewable energy integration, falling battery costs, government incentives, rising EV adoption Challenges High initial investment, recycling and disposal concerns, supply chain dependency for rare earth materials Opportunities Grid modernization, hybrid renewable–storage projects, emerging markets electrification, second-life batteries Notable Trends AI-enabled battery management systems, virtual power plants (VPPs), long-duration energy storage (LDES), battery-as-a-service (BaaS) models ➡️ Become a valued research partner with us ☎ Energy Storage Systems Market Major Trends Which are the Principal Factors Shaping the Technological Industry? Implementation of Standards and R&D Initiatives: There are strict rules and regulations regarding carbon and greenhouse gas emissions and the growing demand for energy in underdeveloped and developing regions present globally. However, the supportive R&D initiatives for the development of advanced systems for energy storage are driving the market's growth globally. In addition, the major market players are focusing on renewable energy sources for electricity generation, which supports the growing demand for energy storage systems in the market. Regional Development and Government Regulations: The developed regions such as North America and Europe are contributing greatly to the expansion of the market globally. Furthermore, the reduced costs of batteries is enabling the surge in demand for advanced energy storage systems globally. However, the favorable government regulations of developing regions such as Asia-Pacific and Latin America are also boosting the market's growth globally. The demand for power supply is higher in underdeveloped regions that have inadequate resources for power generation. In addition, the collaborations between governments and market players on rural development projects foster the market's expansion. ➤ Growth Factors in the Energy Storage Systems Market Government Activities: To avoid load-shedding situations, the governments of countries like India, Pakistan, and Bangladesh are taking favorable initiatives in required areas. Increased Need for Energy Storage: Due to energy depletion, the need for energy storage is growing at a rapid pace. The industries such as manufacturing, oil and gas, and transportation need large amounts of energy. This results in high demand for battery-based energy storage systems. Growing Trend of Electric Vehicles: Another reason driving the market's growth is the rising usage of electric vehicles. The energy storage systems enable electric vehicle manufacturers to manufacture and deliver products effectively and efficiently. Role of Artificial Intelligence in the Energy Storage Systems Market The integration of artificial intelligence into these systems contributes to optimizing their performance by making them more efficient, cost-effective, and reliable. By combining AI and energy storage technologies, the storage, management, and distribution of energy becomes highly efficient. AI can predict fluctuations in energy demand by analyzing real-time data and historical data. AI can also predict peak demand, which allows energy storage systems to improve charging and discharging and ensure the availability of energy in complex situations. AI improves the charging cycles of lithium-ion batteries, which reduces the strain on the system and extends battery life. It also helps to cost savings by optimizing the efficiency of energy storage systems. With the help of AI, the smart grids can automatically adjust the energy flow based on real-time supply and demand. This helps to enhance the efficiency of grids and reduce power outages. Which are the Significant Achievements of the Leading Industrial Firms? In January 2025, energy storage companies secured $19.9 billion in corporate funding based on the data provided by Mercom Capital Group through investments, public market funding, and debt financing. This corporate funding for energy storage firms increased to $19.9 billion in 116 deals in 2024, which was $19 billion in 120 deals in 2023. In May 2025, the clean energy sector of Australia experienced remarkable success in clean energy investments and battery storage due to a rapid growth in Battery Energy Storage Systems (BESS) in Q1 2025. It has achieved AUD 3.6 billion in funding, which was a 56% increase from 2024, which showcases better progress towards a stronger and renewable energy grid. In February 2025, Genera PR and Tesla announced the signing of a contract for the acquisition of 430 megawatts (MW) in Tesla Megapack, an energy storage system to improve the reliability of the electrical system on the island. How Does IoT Acts as an Opportunity for the Energy Storage Systems Market? The Internet of Things (IoT) in energy presents a significant opportunity in the energy storage systems market, enhancing performance, safety, and profitability. Connected ESS units act as virtual power plants (VPPs), helping balance supply-demand and supporting grid frequency control. IoT integration allows utilities to store excess solar energy midday and discharge during evening peaks, e.g., California's grid now meets 26% of peak demand via battery discharge. IoT empowers energy storage systems by enabling real-time monitoring, predictive maintenance, grid optimization, and cost-effective renewable integration. With storage costs down ~40%, global ESS capacity booming, and IoT-energy markets forecasted to grow at ~13–14% annually, the stage is set for transformative IoT-enabled energy storage solutions poised to reshape the utility and residential energy landscapes. Energy Storage Systems Market Challenges and Limitations What are the Potential Concerns related to Economic Stability? Challenges associated with Investments and Supply Chain: Energy storage systems usually require high investments that can present economic challenges in their deployment. The financial barriers for their large-scale implementation include high costs of batteries and other storage technologies along with the required infrastructure and installation expenses. Increased Burden of Implementation of Guidelines: There are strict guidelines for energy storage systems in some nations due to which the nation faces a burden of expanding the industry. There is a high cost of modernized technologies and tools which hampers their adoption among potential end users. There are lots of issues regarding load shedding in some countries of the Asia Pacific region, including India, Bangladesh, etc. Case Study: Delhi Utility Uses a 10 MW Battery to Ease the Evening Peak. A Delhi distribution utility deployed a 10 MW / 10 MWh lithium-iron-phosphate (LFP) battery energy storage system (BESS) at a congested substation to shave the 7–10 pm peak, stabilize voltage for nearby hospitals and housing colonies, and defer a transformer upgrade. In the first year, the BESS consistently reduced feeder peaks by 6–9%, cut diesel-genset run hours at critical facilities, and pushed a planned ₹60–₹80 crore capex out by two years. The challenge Evening demand spikes were straining a 66/11 kV node. Operators juggled load transfers to avoid overloads, voltage dips triggered complaints from a hospital and metro-adjacent commercial area, and a major upgrade meant months of roadworks and disruption. 'Our team was firefighting every night. One fault during the peak and we'd tip into load shedding.' The solution System: Containerized 10 MW / 10 MWh BESS (LFP), UL-9540A tested, HVAC and fire-suppression integrated. Controls: EMS tied to SCADA, day-ahead forecasts, automated discharge targeting the 30-minute billing peak. Use cases: Peak shaving, voltage support, fast frequency response readiness, black-start for the substation. Delivery: Six months from NTP to commissioning, including civil works, interconnection, and site acceptance tests. We ran joint drills with the local fire brigade, issued a one-page safety card for operators, and set up a 'peak watch' dashboard so the control room could track savings in real time. Results (first 12 months) Peak shaved: Average 8.2 MW during the top ten peak evenings each month; 6–9% feeder-peak reduction on the busiest days. Reliability: SAIDI improved by ~11 minutes on affected feeders; nuisance trips during peak fell materially. Customer impact: The nearby hospital reported ~70% fewer diesel-genset starts tied to voltage dips and brief outages. Cost avoidance: Internal finance estimated ₹60–₹80 crore in capex deferral (postponed transformer and cable upgrades ~24 months). Opex & market value: Demand-charge savings plus limited ancillary participation covered ~18–22% of annualized BESS costs. Carbon benefit: Off-peak charging (higher renewables) + reduced diesel use avoided ~1,500–1,900 tCO₂e/year (location-based estimate). Lessons learned Right node, right size: A targeted 10 MW at the worst bottleneck beat spreading smaller systems thinly. Dispatch to the tariff: Optimizing for the 30-minute billing peak delivered outsized savings. Safety first, visibly: Early walkthroughs with first responders sped approvals and built confidence. Simple comms work: A one-pager for large customers reduced rumors and resistance. What's next With the pilot proven, the utility is planning a clustered 40–60 MWh rollout across three substations and a VPP trial (rooftop solar + home batteries) to extend evening support without new wires. Ready to move from insight to action? Let's talk ☎ Email us for pricing, samples, or license options: sales@ How Big is the Asia Pacific Energy Storage Systems Market? According to Precedence Research, the Asia Pacific energy storage systems market size has been estimated at USD 138.71 billion in 2025 and is anticipated to reach over USD 276.15 billion by 2034. The APAC market is growing at a solid CAGR of 7.99% from 2025 to 2034. How Did Asia Pacific Dominate the Energy Storage Systems Market in 2024? Asia Pacific dominated the energy storage systems market in 2024. The Asia Pacific region is leading with the high spending in residential, commercial, and industrial sectors in developing countries like China and Indonesia will accelerate the regional market's growth. The increased adoption of electric vehicles requiring the use of advanced battery technologies also drives the market's expansion in this region. The stringent government regulations, rapid urbanization, and industrialization are expected to boost the market's growth in this region. The Complete Study is Immediately Accessible | Download the Sample Pages of this Report@ How Battery Energy Storage Serves as a Key to the Future of Renewable Energy in India? There is a growing integration of variable solar and wind power in the energy mix in India. Battery energy storage systems are the principal factors in filling the gap between generation and consumption while maintaining the grid balance. The directive by the Indian Ministry of Power aims to make strong grid reliability. It also aims to support India's goal of achieving 500 GW of renewable energy capacity. What to Expect from North America's Energy Storage System Market? North America is expected to grow at the fastest rate in the energy storage systems market during the forecast period. North America increased its focus towards the integration of renewable energy sources and the modernization of grid infrastructure. The favorable government policies and incentives aimed at reducing carbon emissions and promoting clean energy further boost the regional growth of the market. The presence of prominent industries and ongoing technological advancements in energy storage solutions also contribute to the regional market's growth. How does Energy Storage Present Opportunities to the U.S. Department of Energy? The U.S. Department of Energy selected 11 projects to achieve advancements in domestic manufacturing of next-generation batteries. It has launched a new facility for advanced energy storage research and testing. It has taken new initiatives for energy storage to achieve developments related to grid stability, storage manufacturing, and long-duration energy storage. Energy Storage Systems Market Segmentation Analysis By Technology Analysis: What made Pumped Hydro the Dominant Segment in the Energy Storage Systems Market in 2024? By technology, the pumped hydro segment dominated the energy storage systems market in 2024. By harnessing the power of pumped hydro storage, the gap between intermittent renewable energy and the electricity demand can be resolved. Pumped hydro storage helps to achieve net-zero targets and establish a more sustainable and reliable energy grid. Pumped hydro storage has the immense potential to revolutionize the way of energy storage and the use of renewable energy. By technology, the electrochemical segment is expected to grow at the fastest rate in the energy storage systems market during the predicted timeframe. The electrochemical technologies and methods are widely used as tools in . There are industrially viable electrochemical techniques for water treatment. These techniques can offer several significant advantages over other surface modification technologies. By Application Analysis: How Grid Management Segment Dominated the Energy Storage Systems Market in 2024? By application, the grid management segment dominated the energy storage systems market in 2024. This segmental rise is attributed to the increased need to enhance grid stability and reliability. The integration of renewable energy sources like solar energy and wind power also contributes to the segmental growth in the market. The potential of grid storage solutions like large-scale batteries and pumped hydro storage in balancing supply and demand drives the growth of grid storage. They favor the storage of excess energy during times of low demand and its release during peak times surges the expansion of grid storage systems. By application, the transportation segment is expected to grow at the fastest rate in the energy storage systems market during the forecast period due to the huge adoption of electric vehicles and the rising demand for efficient energy storage solutions to support operations. The growing shift towards eco-friendly and sustainable transportation solutions drives the growth of this segment. The rising investments in advanced battery technologies boost the performance and range of electric vehicles. Moreover, the supportive government policies, the development of charging infrastructure, and incentives for electric vehicle adoption propel the growth of this segment. By End User Analysis: Why did the Residential Segment Dominate the Energy Storage Systems Market in 2024? By end user, the residential segment dominated the energy storage systems market in 2024. The availability of common forms of residential energy storage such as on-grid and off-grid residential storage systems drives segmental growth in the market. They provide benefits such as enhanced energy security, increased energy independence, grid support, stabilization, and reduced carbon footprint. They allow the integration of green energy sources into the energy mix of the home. By end user, the non-residential segment is expected to grow at the fastest rate in the energy storage systems market during the predicted timeframe. Non-residential energy storage systems offer benefits such as backup power, cost savings, grid stabilization, grid services, and stabilized energy costs. They allow the integration of renewable energy sources and reduced dependency on the grid. ➡️ Related Topics You May Find Useful: ✚ Energy Storage Market: Explore how advanced storage technologies are enabling renewable integration and grid stability ✚ Energy Storage as a Service Market: Discover subscription-based energy storage models transforming cost efficiency and accessibility ✚ Distributed Energy Storage System Market: Analyze the rise of decentralized storage for microgrids, EV charging, and local energy resilience ✚ Stationary Energy Storage Market: Understand how fixed storage systems are powering commercial, industrial, and utility-scale projects ✚ Hydrogen Energy Storage Market: Track the growing role of hydrogen in long-duration storage and green energy applications ✚ Flywheel Energy Storage Market: Examine high-speed rotational storage solutions for stability and frequency regulation ✚ Solar Energy Systems Market: See how innovation in PV systems and hybrid solutions is shaping the solar energy landscape ✚ Thermal Energy Storage Market: Gain insight into heat-based storage solutions driving energy efficiency and renewable adoption Energy Storage Systems Market Top Companies Tesla – Industry leader with its Powerwall and Megapack systems, driving large-scale residential and utility storage adoption globally. Fluence – Joint venture of Siemens and AES, offering AI-driven grid-scale energy storage and digital optimization platforms. Samsung SDI – Supplies high-density lithium-ion battery modules for grid, commercial, and electric vehicle energy storage systems. Panasonic – Provides long-lasting lithium-ion battery technology, widely used in both consumer and stationary storage applications. LG Chem – Offers scalable residential and commercial ESS solutions through its LG Energy Solution division, with strong global presence. BYD – China's top ESS player, delivering integrated battery, inverter, and solar systems for global utility and C&I markets. NextEra Energy – Major utility integrating large-scale renewable generation with advanced storage to support grid stability in the U.S. Sonnen – Pioneer in smart home battery systems, enabling decentralized energy sharing via its virtual power plant platform. ABB Ltd – Delivers modular, grid-connected storage solutions with strong integration into smart grids and industrial automation. Siemens Energy – Offers comprehensive energy management systems combining ESS with renewable power and grid infrastructure. Enphase Energy – Specializes in residential microinverter-based solar-plus-storage systems with integrated monitoring and control. General Electric (GE) – Focuses on hybrid power systems combining gas, renewables, and energy storage for flexible power delivery. AES Corporation – Co-founder of Fluence and a key developer of grid-scale ESS projects and digital energy platforms. Aquion Energy – Developed sustainable, non-toxic aqueous hybrid ion (AHI) battery technology for long-duration stationary storage. EnerSys – Supplies industrial batteries and turnkey ESS solutions for telecom, utility, and motive power applications. What is Going Around the Globe? In July 2024, Toshiba Corporation and the Industrial Technology Research Institute (ITRI) of Taiwan signed a memorandum aiming to understand and explore the collaboration in the virtual power plant business in Taiwan. (Source: In April 2024, Siemens Ltd. announced the launch of electrification X to facilitate the seamless digital transformation of electrification infrastructure across commercial, residential, industrial, and utility applications. This launch strengthens the Xcelerator portfolio of Siemens across buildings, grids, and electrification. (Source: Energy Storage Systems Market Segments Covered in the Report By Technology Pumped Hydro-dominated Electro-Chemical-Fastest-growing Lithium Ion Battery Sodium Sulfur Battery Lead Acid Battery Flow Battery Others Electro-Mechanical Flywheel Compressed Air Energy Storage Thermal Water Molten Salt Phase Change Material Others By Application Transportation-Fastest-growing Grid Management-dominated By End User Residential Non-Residential Utilities By Region North America U.S. Canada Mexico Asia Pacific China Singapore Japan India South Korea Thailand Europe Germany UK France Italy Spain Sweden Denmark Norway Latin America Brazil Mexico Argentina Middle East and Africa South Africa UAE Saudi Arabia Kuwait Thank you for reading. You can also get individual chapter-wise sections or region-wise report versions, such as Immediate Delivery Available | Buy This Premium Research Report@ mailto: You can place an order or ask any questions, please feel free to contact at sales@ | +1 804 441 9344 Stay Ahead with Precedence Research Subscriptions Unlock exclusive access to powerful market intelligence, real-time data, and forward-looking insights, tailored to your business. From trend tracking to competitive analysis, our subscription plans keep you informed, agile, and ahead of the curve. Browse Our Subscription Plans@ About Us Precedence Research is a worldwide market research and consulting organization. We give an unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semi-conductors, chemicals, automotive, and aerospace & defense, among different ventures present globally. 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Globe and Mail
09-08-2025
- Business
- Globe and Mail
AI Is on Sale: 2 Stocks Worth Buying Before the Next Surge
Key Points One of the companies discussed in this article is using AI to win a bigger share of the lucrative digital advertising market. The other company in focus in this piece is enabling the AI revolution through its semiconductor manufacturing equipment, and it seems well-positioned to accelerate its growth. 10 stocks we like better than Meta Platforms › Artificial intelligence (AI) is projected to have a profound impact on the global economy in the long run by driving up productivity levels, spurring customers and businesses to spend money on AI-related applications. According to market research firm IDC, AI could account for 3.5%, or almost $20 trillion, of the global gross domestic product (GDP) by the end of the decade. This explains why investors have been betting big on AI stocks over the past three years, and that's why many of the names benefiting from the rapid adoption of this technology are now trading at expensive multiples. Hardware giants such as Nvidia and Broadcom sport rich earnings multiples, while software specialists such as Palantir and Snowflake are also expensive. However, if you have missed the AI-fueled rally in shares of the above-mentioned companies in the past year, it would be a good time to take a closer look at Meta Platforms (NASDAQ: META) and Lam Research (NASDAQ: LRCX). These companies are making the most of the global AI rollout, and importantly, they are trading at attractive multiples right now. Let's look at the reasons why buying these two AI stocks right now could turn out to be a smart long-term move. 1. Meta Platforms AI is turning out to be a nice catalyst for digital advertising giant Meta Platforms, which has been offering its AI-powered advertising tools to advertisers and brands to improve audience targeting and reduce costs simultaneously. On the company's latest earnings conference call, management pointed out that AI tools have led to a 5% jump in ad conversions on Instagram, along with a 3% improvement on Facebook. Moreover, Meta's users are now spending more time on its apps thanks to AI-powered content recommendations. The time users spent on Facebook and Instagram increased by 5% and 6%, respectively, in the previous quarter. These factors explain why Meta reported a solid increase of 22%, to $47.5 billion, in its Q2 revenue. Its bottom-line growth was even better, with adjusted earnings per share jumping by 38% year over year to $7.14 per share. The numbers crushed Wall Street's expectations, fueling a big jump in Meta's stock price following the release of its results on July 30. Meta benefited from a 9% year-over-year jump in the average price per ad served during the quarter. Also, the AI-driven improvement in user engagement led to an 11% increase in ad impressions delivered by the company in the previous quarter. Additionally, more advertisers on Meta's platform are now using its generative AI ad tools to create and optimize the performance of their campaigns. Meta says that almost 2 million advertisers are now using its AI video generation tools, while the adoption of its text generation tools is also improving. Looking forward, Meta's AI ad tools are likely to be adopted by more advertisers, as the company reports they significantly boost advertising returns. A study conducted by the company earlier this year revealed that its AI advertising tools are delivering a "22% improvement in return on ad spend for advertisers." It won't be surprising to see advertisers funneling those savings back into Meta's advertising solutions to reach a bigger audience, thereby leading to further growth in the social media giant's revenue and earnings. As such, it is easy to see why analysts have increased their earnings growth expectations for Meta. META EPS Estimates for Current Fiscal Year data by YCharts. EPS = earnings per share. The best part is that investors can buy this tech stock at an extremely attractive 27 times earnings, which is lower than the tech-laden Nasdaq-100 index's earnings multiple of almost 33. Buying Meta at this valuation looks like a no-brainer, as the company can gain a bigger share of the digital ad market thanks to the AI-powered gains it is delivering to advertisers. 2. Lam Research Semiconductors are powering the AI revolution. Complex chip systems capable of tackling huge workloads are necessary to train and deploy AI models in data centers. This is why companies such as Nvidia, Broadcom, AMD, and Taiwan Semiconductor Manufacturing Company (TSMC) have seen healthy growth in their revenue and earnings in the past couple of years. However, the chips that the companies mentioned above design and fabricate wouldn't have been possible without the semiconductor manufacturing equipment sold by the likes of Lam Research. The company sells wafer and fabrication equipment (WFE) to foundries such as TSMC and Intel and to memory manufacturers like Samsung, Micron, and SK Hynix. These companies have been increasing their capital expenditure budgets to make more AI-focused chips. Unsurprisingly, industry association SEMI is projecting a 6.2% increase in WFE spending in 2025, followed by a bigger jump of 10.2% in 2026. It is worth noting that SEMI increased its WFE spending guidance last month. The good part is that Lam is already benefiting from the improved spending on semiconductor equipment. The company released its fiscal 2025 results on July 30. It reported a 23% year-over-year increase in annual revenue to $18.4 billion. Its diluted earnings per share increased at a faster pace of 43% to $4.15 per share last fiscal year. The stronger WFE spending forecast going forward explains why Lam's outlook was a solid one. It is expecting $5.2 billion in revenue in the current quarter, which is well ahead of the $4.63 billion consensus estimate. That would translate into a year-over-year increase of 25% in its top line. Lam seems capable of sustaining this healthy momentum throughout the year on the back of an increase in AI-focused semiconductor capacity. As such, don't be surprised to see Lam's revenue growth in the current fiscal year exceeding the 8% increase that analysts are projecting. The following chart tells us that Wall Street analysts expect Lam to clock healthy double-digit earnings growth rates. That looks reasonable, considering the 24% annual growth that the AI chip market is expected to clock over the next five years, which should ideally lead to more investments in semiconductor manufacturing capacity. LRCX EPS Estimates for Current Fiscal Year data by YCharts. EPS = earnings per share. In the end, there is a possibility that Lam will grow at a stronger pace than Wall Street's expectations in the long run, and this should pave the way for more upside in this AI stock. With Lam trading at just 23 times trailing earnings, investors are getting a great deal on this stock right now, and they may not want to miss it, considering the AI-fueled gains it could deliver. Should you invest $1,000 in Meta Platforms right now? Before you buy stock in Meta Platforms, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Meta Platforms wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $636,563!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,108,033!* Now, it's worth noting Stock Advisor's total average return is 1,047% — a market-crushing outperformance compared to 181% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of August 4, 2025 Harsh Chauhan has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Advanced Micro Devices, Intel, Lam Research, Meta Platforms, Nvidia, Palantir Technologies, Snowflake, and Taiwan Semiconductor Manufacturing. The Motley Fool recommends Broadcom and recommends the following options: short August 2025 $24 calls on Intel. The Motley Fool has a disclosure policy.
The Independent
30-07-2025
- Business
- The Independent
The future of CX research: context and closeness in a demanding world
The Harris Poll UK, a Stagwell Company is a Business Reporter client Exceptional customer experience doesn't happen by chance. It's engineered from a deep foundation of continuous customer understanding. In a marketplace defined by rapid change and rising expectations, businesses can no longer afford to assume they can anticipate customer needs. The smartest organisations are turning CX research into a strategic asset – and here's how they're doing it. Executive teams need to reframe market research as a foundational driver of successful CX – fuelling agility, loyalty and sustainable growth. At the heart of this transformation is a simple but powerful truth: context matters. And in a demanding world, the brands that thrive will be those that remain genuinely close to their audiences – not just through dashboards and KPIs, but through dynamic, two-way dialogue. Elevating CX tracking with targeted, agile research to move from 'what' to 'what next' In fast-moving markets, where customer expectations can shift overnight as a result of economic volatility, technological disruption or cultural change, organisations need more than trendlines to drive strategy. This is where custom research studies, conducted alongside your CX tracker, become indispensable. This creates a dynamic, closed-loop system where performance signals spark exploration and contextual findings enrich future tracking. This built-in agility allows you to respond quickly to reputational risk, a regulatory change or an emerging customer trend – without losing sight of the bigger picture. There's a strong competitive advantage when the same researcher partner oversees all research elements. This allows for non-siloed, connected insights which are discovered faster and cheaper – and guarantees that nothing is missed. The Harris Poll UK, A Stagwell Company, is currently working with a multi-channel retailer and has embedded custom, context-rich research into its CX tracking programme. In doing so, they have been able to do three key things: first, truly understand what customers are thinking when they provide a score for 'quality.' Second, size how many pain points might be remedied with an additional sales consultancy step in the purchase journey; and third, maximise conversion rates for online add-ons through making changes to the digital purchase experience. This integrated approach delivers a holistic, agile view of the customer experience which empowers the business to stay ahead of change with clear, actionable solutions. Bring society into the boardroom with Consumer Polling alongside your CX scorecards The most forward-thinking CX leaders understand that staying close to people means looking into the broader societal context that shapes customer expectations. It's not just about knowing what your customers thought last month – it's about understanding how public attitudes, cultural dynamics and shifting priorities are shaping how your target audience feel and behave right now. Consumer polling alongside your CX scorecards becomes a strategic asset when it captures real-time sentiment from both customers and the wider public. Unlike static surveys, it brings societal context into the boardroom including the trends, anxieties and expectations that shape brand perception. Frequent polling helps businesses stay aligned with what truly matters, especially in disruptive times. Whether it's economic uncertainty, political instability or evolving views on sustainability, this type of research helps executive teams interpret the emotional and cultural backdrop of customer decisions. Retailers have benefited from The Harris Poll UK's consumer polling. They gained timely insights into public sentiment around fashion purchases amid the cost-of-living crisis and the growing appeal of pre-loved clothing. The research bridged the gap between CX insights and societal context, equipping brands with an understanding of shifting priorities and ways their CX should evolve to compete where consumers are spending less. Crucially, when this polling is embedded within the same agency-led CX ecosystem that manages your tracking and customer experience strategy, the value multiplies. The result is a more joined-up, contextual understanding of the customer landscape, where next steps are informed by both lived experience and societal mood. Knowing what people truly care about shapes decisions that resonate both commercially and culturally. Uncover and understand meaningful CX Signals with expert-guided Community dialogue Digital insight communities represent a fundamental transformation in how brands connect with their audiences. These always-on platforms foster an ongoing, living dialogue with consumers – enabling co-creation, concept testing and the exploration of complex issues over time. Unlike traditional surveys that capture snapshots, insight communities generate rich, evolving engagement with highly invested and intelligently profiled participants. The true power of these communities is unlocked when they are managed concurrently with a CX programme by a single team of multi-methodology experts. A team with deep sector knowledge and an ear finely tuned to the broader UK population, beyond your existing customer base, ensures insights from the community are not isolated but fully integrated into your CX strategy. This then provides a holistic, contextualised view of customer experiences and wider consumer attitudes. A prominent UK financial services company partnered with The Harris Poll UK, A Stagwell Company, to leverage its multi-methodology expertise, sector knowledge and broad perspective to co-create impactful customer experiences before, and during, the launch of new proposition features. The always-on, rapid feedback targeted cohorts in the Insight Community. This quickly uncovered early pain points and highlighted whether the new features successfully remedied previous issues. This approach allowed the brand to not only refine processes and messaging, but its full launch strategy. It optimised the complete customer experience ahead of the enhanced proposition being scaled to a larger customer base. The future of CX research isn't just about gathering more, better or faster data – AI is already advancing that front and will continue to do so. It's about building stronger relationships through empathy, relevance and action. In a fragmented and demanding world, customers gravitate toward brands that make them feel heard, respected and understood. That means building on dashboards and trackers. It means investing in agile methods, consumer context and deeper dialogues that help teams move with clarity and confidence. When done right, CX research doesn't just inform strategy – it becomes the strategy. Because in the end, the brands that listen closest – and act fastest – are the ones customers will choose. The Harris Poll UK is a leading market research company that provides some of the UK's best-loved brands with game-changing insights through CX, insight communities, custom research and consumer polling. We use a combination of our proprietary software alongside advisory services to deliver data insights via flexible service models. Visit our website, to find out more.
Yahoo
28-07-2025
- Business
- Yahoo
IMV Announces Initial Winners of 2025 ServiceTrak™ Clinical Laboratory Awards, Honored at ADLM Annual Conference
ARLINGTON, Va., July 28, 2025 /PRNewswire/ -- IMV, part of the Science and Medicine Group and the leading market research and business intelligence provider to the laboratory diagnostic industry, is pleased to announce the initial winners of the 2024–2025 IMV ServiceTrak™ Clinical Laboratory Awards. These prestigious awards celebrate industry excellence by recognizing top clinical laboratory manufacturers across multiple instrument categories. Award presentations will take place July 27–31, 2024, during the ADLM Annual Conference in Chicago, IL — a premier event for laboratory professionals. Each year, laboratory professionals from more than 1,150 clinical testing locations, representing 1,900 instruments, rate their satisfaction with manufacturers in three key performance categories: Best Customer Satisfaction: highest likelihood of repeat purchase Best System Performance: highest overall system performance rating Best Service: highest overall OEM service rating The 2024–2025 awards are based on this direct feedback. The initial group of awardees includes top-performing manufacturers in Chemistry, Immunoassay, and Integrated Systems. Additional modalities and category winners will be announced in the coming months. 2024–2025 IMV ServiceTrak™ Clinical Laboratory Award Winners (Initial Round) Chemistry Best Service: Roche Best Customer Satisfaction: Roche Best System Performance: Roche, QuidelOrtho Immunoassay Best Customer Satisfaction: Roche Best Service: bioMérieux, Inc. Best System Performance: bioMérieux, Inc. Integrated Systems Best Customer Satisfaction: Roche Best System Performance: Roche, QuidelOrtho Best Service: Roche, QuidelOrtho About IMV's ServiceTrak™ Program IMV, part of Science and Medicine Group, produces an annual series of proprietary ServiceTrak™ Clinical Laboratory reports derived from extensive phone and online interviews with laboratory testing professionals in U.S. hospitals. These reports present an independent analysis of service trends in laboratory diagnostics and include manufacturer ratings for each instrument type. Rating Scale: Satisfaction is rated on a 10-point scale (10 = "excellent," 1 = "very poor") Highly Satisfied (%HS): Ratings of 9 or 10 Award Criteria: Awards are given to manufacturers with the highest %HS scores in Customer Satisfaction, System Performance, and Service Highly Satisfied (%HS): Responses of 9 or 10 are considered "highly satisfied." IMV ServiceTrak™ has been an industry benchmarking standard for more than 25 years, capturing the customer experience from installation to end-of-life. About IMV IMV Medical Information Division, established in 1977, is a trusted marketing research and consulting firm that specializes in the dynamic fields of diagnostic imaging and clinical diagnostics. Our commitment to in-depth market analysis and comprehensive research services empowers clients to excel in strategic planning, enhance customer satisfaction, drive product development, and launch successful sales initiatives. All of IMV's reports and data solutions are based on primary research by diagnostic imaging experts. As a reliable provider of market intelligence, IMV gives you the comprehensive information you need to stay two steps ahead and make decisions with confidence! For media inquires or to learn more about IMV's ServiceTrak reports, please contact: Media ContactIMV Marketing(703) View original content to download multimedia: SOURCE IMV Medical Information Division Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
