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Virtual reality sees 36% growth as gaming and esports on track to become a $324 billion business PwC

The global entertainment & media E&M industry grew 10.4% in 2021, outpacing overall global economic growth. The Asia Pacific generated the lions share

The global entertainment & media E&M industry grew 10.4% in 2021, outpacing overall global economic growth. The Asia Pacific generated the lions share of revenue in 2021 with $ 109.4 billion. Virtual reality remains the fastestgrowing E&M segment, albeit from a relatively small base. Internet advertising is seen growing even faster, expanding at 9.1% CAGR. Digital music streaming subscriptions are driving growth in the recorded music industry. Box office revenue is projected to reach US$49.4bn in 2026 from US$20.8bn in 2021. Read More..

B2B Tech News | 2 years ago          

Chinas technological companies are among the metaverses leaders.

Imagine a world where you can push the boundaries of screen and physics by teleporting yourself as a 3D statue or 3D virtual character. Global tech gi

Imagine a world where you can push the boundaries of screen and physics by teleporting yourself as a 3D statue or 3D virtual character. Global tech giants are rushing to develop industry standards for the virtual space. Huawei and Alibaba are among the first group of companies to form a standards group that aims to accelerate the development of the metaverse. Huawei and Alibaba have joined forces to form a standards group for the emerging field of the metaverse. The move could make it easier for developers to build the same content for different platforms. Seven of Chinas top technology companies filed the most virtual reality and augmented reality patent applications globally in the last two years. Read More..

B2B Tech News | 2 years ago          

Fintech unicorn SumUp raises $ 90,590 million worldwide to promote small business

With its financial solutions, SumUp supports small business owners as they launch, manage, and expand their enterprises. A free business account, card

With its financial solutions, SumUp supports small business owners as they launch, manage, and expand their enterprises. A free business account, card, online store, and invoicing solution are all offered to merchants via SumUps financial services Super App. With participation from funds run by BlackRock, btov Partners, Crestline, and Sentinel Dome Partners, Bain Capital Tech Opportunities led this funding round. With the acquisitions of Goodtill, Tiller, and Fivestars, it has been extended into pointofsale solutions. We stand by our merchants regardless of the environment, whether that be COVID or financial instability, stated MarcAlexander Christ, cofounder, and CFO of SumUp. Read More..

B2B Tech News | 2 years ago          

Push Gaming chooses Rivalo to enter the Colombian gaming market

Push Gaming already supplies some of Europes leading brands with cuttingedge content, including brands like Entain, 888, Betsson, Svenska Spel, LeoVeg

Push Gaming already supplies some of Europes leading brands with cuttingedge content, including brands like Entain, 888, Betsson, Svenska Spel, LeoVegas, and many more. The recent linkup is another step in consolidating the B2B supplier in the region. Push Gaming already provides some of Europes leading brands with industryleading content, including brands such as Entain, 888, Betsson, Svenska Spel, LeoVegas, and many more. In addition to partnering with Rival, Push Gaming will offer an incredible variety of games. Read More..

B2B Tech News | 2 years ago          

NT Drone Laboratory for the development of the aerospace industry

The test aircraft and the new Northern Territory Development Complex will strengthen Australias defense and aerospace industries. Charles Darwin Unive

The test aircraft and the new Northern Territory Development Complex will strengthen Australias defense and aerospace industries. Charles Darwin University Laboratory will work with researchers to help the industry develop artificial intelligence technologies and teach skills. The center will also be a highlevel educational platform for students, scientists and professionals to collaborate. Charles Darwin University RMIT Test Laboratory is a joint venture between the Central Government, the Northern Territory Government and the University. Once installed, the experimental laboratory maintains the achievements in the production of longrange aircraft. It will also implement various training programs to support independent nongovernmental organizations in Australia. Read More..

B2B Tech News | 2 years ago          

Elimination of open banking risk factors

The open banking system is beginning to pose some regulatory risk factors. The Central Bank of Nigeria hosted the maiden edition of the Community of A

The open banking system is beginning to pose some regulatory risk factors. The Central Bank of Nigeria hosted the maiden edition of the Community of African Banking Supervisors CABS Fintech forum. The forum focused on the risk factors emerging from open banking and how best to tame them. Open Banking is a system under which banks open up their Application Programming Interfaces APIs, This allows third parties to access financial information needed to develop new apps and services. The global open banking market is currently worth a massive $10.39 billion, and is forecast to reach as much as $37.8 billion by 2026. Read More..

B2B Tech News | 2 years ago          

Reliance Industries looks for innovative ways to produce green hydrogen more affordably.

Reliance Industries Limited. A company owned by Indian billionaire Mukesh Ambani is considering how to create a new electrolytic cell. Kapil Maheshwar

Reliance Industries Limited. A company owned by Indian billionaire Mukesh Ambani is considering how to create a new electrolytic cell. Kapil Maheshwari, head of new energy at Reliance, stated at the BloombergNEF summit in New Delhi that the company also intends to compete for any productionrelated incentives the government may offer. The first stage of the green hydrogen strategy was revealed by the administration of Prime Minister Narendra Modi in February. Read More..

B2B Tech News | 2 years ago          

DBOX Technologies and Mila announce collaboration to use artificial intelligence for Haptics

DBOX Technologies Inc., a world leader in haptic and immersive experiences, and Mila, the worlds largest deep learning research institute, have entere

DBOX Technologies Inc., a world leader in haptic and immersive experiences, and Mila, the worlds largest deep learning research institute, have entered into a strategic partnership. The aim of the agreement is to start using automatic encoders that rely on machine learning to detect when motion, textures, and vibrations can be integrated into audio and video content. Haptic technology requires systematic coding of audio and visual content to create an immersive experience on chairs and recliners. DBOX becomes more efficient and can encode more movies and TV series every year. DBOXs haptic technology can be used to encode audio and video content for use in smart TVs and Bluray players. Read More..

B2B Tech News | 2 years ago          



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Refresh Your Facts

1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
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2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
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3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
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4.  Since the launch of the popular mobile game, Candy Crush, in 2012, players have spent a total of 73 billion hours (equivalent to 8.3 million years) playing this game.
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5.  Approximately 8 billion gadgets connect on the internet every day.
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