News
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December 28, 2022
Fitness
Digital Health & Wearables
Healthcare technology firm MAPay announced it will create the first 100 million NFTs (non-fungible token) for digital health data on the blockchain. MAPay has partnered with the Ministry of Public Health and Family Welfare in the Government of Maharashtra, India, with the intention of providing its NFT technology to store personal health data on the blockchain. It has been reported that over 100 million NFTs will be introduced for the purpose of securing personal health...
Computing
Gaming
News
New research has indicated that the global market size for artificial intelligence software is predicted to reach over a trillion dollars by 2032. But what are the key drivers for this fast-rising industry? In 2022, the global market size of artificial intelligence software was worth approximately €129.8 billion ($138.4 billion), according to Precedence Research. AI assistants, machine learning and voice recognition are just some of the examples of how artificial...
A new report has revealed that rise in demand for online video games has helped drive the digital media production software market, with Allied Market Research estimating that the sector will be worth approximately €33.49 billion ($36.3 billion) by the year 2031. The report determines that the outbreak of the Covid-19 pandemic was a positive driver for the digital media production software market, as it led to a dramatic rise in demand for consumers to engage with digital...
December 21, 2022
Smart Home
Guidehouse Insights has published a detailed report, Market Data: Smart Home IOT, which examines the future of the smart home market. With markets starting to return to pre-Covid-19 stability, smart home devices are predicted to grow in popularity. A new report from Guidehouse Insights forecasts the global smart home market growing to approximately €105 billion ($109.6 billion) by the year 2031. The market is currently worth around €28.5 billion ($29.7 billion) in 2022,...
December 20, 2022
Audio & Entertainment
News
Wireless headphones continue to be in high demand, according to the latest figures from gfu Consumer & Home Electronics. A total of almost eight million wireless headphones were sold in Germany between January and October 2022, marking a rate of increase of almost 16% compared to the same period last year. The associated sales volume was more than €845 million in the same period, an increase of more than 16%. On average, almost €107 were spent on headphones with...
December 14, 2022
Smart Home
In January 2022, the IFA Newsroom reported the Matter connectivity standard had gained approval from over 200 companies. The communication protocol for smart homes, which serves as a universal connectivity standard, has now been made official. Matter was launched by the Connectivity Standards Alliance (CSA) at a large launch event in Amsterdam, the Netherlands, with a variety of members participating. It has been a month since Matter 1.0 was released. Since then, reportedly...
Fitness
Digital Health & Wearables
Global technology market analyst IDTechEx has released a new report forecasting trends in the smartwatch and digital fitness market, including new hearable devices which might offer greater potential to access new biometrics, as well as more value. As the smartwatch market matures, IDTechEx said, capabilities of alternative wearables will continue to expand. In the coming years, alternative form factors could begin tempting consumers away. The adoption of Apple AirPods has...
Household Appliances
Luxury appliance brand Fisher & Paykel is predicting that so-called ‘slow living' will dominate appliance trends in 2023 and beyond, in a recent forecast carried out by the brand. Slow living is the ethos of consuming more mindfully and consciously, which Fisher & Paykel believe “will seep into all aspects of our daily lives, from food to laundering our clothes to the purchases we choose to make”. Now, consumers are actively educating and arming themselves with...
December 1, 2022
News
gfu and Clarion Events reach agreement with Messe Berlin for IFA to remain at the Berlin exhibition grounds The three parties have reached an agreement: the world's most important trade show for consumer electronics and home appliances will remain at the fairgrounds of Messe Berlin GmbH. The event now will be the responsibility of IFA Management GmbH – a new joint venture founded by gfu Consumer & Home Electronics GmbH together with Clarion Events Ltd, one of the world's...
News
The market for home electronics products (HE), represented in the HEMIX, Home Electronics Market Index, has remained stable during the first three quarters of 2022, compared to the same period last year. In the months from January to September 2022, total sales amounted to just under €33.7 billion, as found by gfu Consumer & Home Electronics GmbH. With sales of more than €21.2 billion in the first three quarters of 2022, the consumer electronics segment had a 0.6%...
Household Appliances
The rapid adoption of internet of things (IOT) technology is driving growth within the small household appliances sector, according to a new report from ResearchAndMarkets.com. The report states that the small household market in the US was valued at approximately €24.6 billion ($24.64 billion) in 2021. That figure is estimated to reach around €33 billion ($33.05 billion) by 2027. The adoption of IOT technology, along with rising consumer awareness about said products,...
A new report from McKinsey has put a spotlight on what trends are “reshaping the future of IT and business”. The report explains that businesses should make “four fundamental shifts” in order to keep up with technological transformations across different industries. McKinsey says that specific tech trends are creating big changes in the digital world, with shifts in computing power, bandwidth, as well as analytics allowing new businesses and business innovations to...
Fitness
Digital Health & Wearables
Research published by the American Heart Association has found that wearers of fitness bands, trackers and smart watches are generally the group which needs them least. Presented at the American Heart Association‘s Scientific Sessions 2022, which took place in Chicago last week, the study was authored by Arya Aminorroaya, MD, MPH; Evangelos Oikonomou, MD, D Phil; Arash Aghajani Nargesi, MD, MPH; and Rohan Khera, MD, MS. The self-reporting study analysed the health...
November 3, 2022
Household Appliances
A new report from AppsFlyer, Connected TV Trends 2022-23, Advertiser and Viewer Perceptions, has outlined the increasing popularity of connected TV advertising as a dynamic business strategy. The growth and increasing prevalence of connected TV devices and platforms has led to a rising interest in connected TV advertising, with a new survey report from AppsFlyer, Connected TV Trends 2022-23, Advertiser and Viewer Perceptions, noting that 64% of businesses are developing...
October 27, 2022
Computing
Extended reality (AR, MR and XR)
Gaming
A study from the Consumer Technology Association has found that immersive and accessible experiences are driving the gaming market in the USA. The research reveals that the US-based gaming population expanded by 3% between the years 2019 and 2022, with nine million new gamers aged between 13 and 64 joining the market. The active gaming population for people in this age range is approximately 164 million, which represents 73% of the 224 million adults and adolescents in the...
2022 has seen strong growth for global cellular IoT module outsourced manufacturing. Reports suggests global cellular IoT module outsourced manufacturing was responsible for 52.4% of the total Internet of Things module shipments in the first half of 2022. This was one of the many insights from the Global IoT Module Manufacturing Tracker, which features research from technology analysis firm Counterpoint. New report denotes growth for IoT module manufacturing industry The...
Trade talk
Household Appliances
The smart connected cooking appliances market is expected to rise by $10.67 billion (€10.67bn) between 2021 and 2026, with growth accelerating at a CAGR of 22.26%, according to Technavio's latest figures. One of the key trends in the smart connected cooking appliances market, Technavio said, is the increasing adoption of modular kitchens and built-in or integrated appliances. Technavio explained: “Modular designed kitchens have features and functionalities that ease the...
Imaging
Data provided by the Camera and Imaging Products Association along with positive sales figures for Canon and Nikon, show that camera sales, especially for mirrorless models, are on the rise. The first half of 2022 saw camera sales increase gradually since February. In June 2022, shipments of cameras were at their highest since the start of Covid-19 in March 2020. Shipments of compact cameras and DSLRs have been declining. However, demand for mirrorless interchangeable...
Trade talk
Smart Home
The global smart home security brand EZVIZ has announced its theme “Reliably Simple, Incredibly Smart” for the big event in September. Building an immersive, fun smart home experience center at booth no.119 in Hall 5.2, EZVIZ will be showcasing a wide range of smart home devices that are brand-new to the global audience. Aiming to transform people's imagination of future smart living into real, solid products and systems, the company will provide on-site opportunities...
The new virtual B2B platform, IFA Virtual, augments the programme of events on the ground for people visiting IFA 2022 in Berlin This year, a large variety of content will be made available on the new virtual platform in preparation for the show, which will see numerous well-known brands from the home electronics industry come together in over 30 exhibition halls on the Berlin Exhibition Grounds between 2 and 6 September. Free registration is now open for virtual platform...