The report includes a Competitive Quadrant, a proprietary software to analyze and consider the position of companies primarily based on their Industry Position score and Market Performance score. The tool makes use of numerous factors for categorizing the gamers into four classes. Some of these elements thought-about for evaluation are financial performance over the last three years, growth strategies, innovation rating, new product launches, investments, growth in market share, etc. However, components similar to knowledge privacy considerations, high power consumption, and low battery life may additionally pose a menace to market development. To maintain a aggressive edge in this market, firms constantly put cash into introducing new products, increasing their operations, or getting into into strategic mergers and acquisitions, creating a singular alternative for this market. However, Failure to achieve long-term engagement and Unaddressed regulatory points create challenges for the market.
For Andrew Jiang, structure is the “perfect embodiment” of …Continue Reading