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Sector Analysis
NewNetherlands Defense Market Size, Trends, Budget Allocation, Regulations, Acquisitions, Competitive Landscape and Forecast to 2029
Netherlands Defense Market Report Overview As of 2024, the Netherlands defense budget is worth $22.8 billion. The country’s defense budget experienced a sudden increase in 2024, as the Dutch government adjusted to the reality of war on the European continent. Furthermore, Russia’s invasion of Ukraine has compelled the Netherlands to reinforce its defense posture, as it hopes to deter and defend against further Russian aggression. Against the backdrop of war in Europe, the country’s defense budget will grow at a...
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Company Insights
Royal Dutch Shell Plc – Digital Transformation Strategies
Royal Dutch Shell Plc (Shell) has been focusing on using artificial intelligence, data analytics, 3D printing, and electric vehicles (EV) to digitally transform its operations. The annual ICT spending of Shell was estimated at $3.1 billion for 2022. A major share of this spending is earmarked for acquiring software, ICT services, and hardware from vendors. Shell is an integrated oil and gas company. The company explores for and produces oil and gas from conventional fields and sources such as tight...
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Analyst Opinions
Internet from Sky: Can LEO Satellites Transform the Future of Connectivity?
The latest space race aims to provide satellite internet with real-time latency for data-intensive industrial and business-oriented communication applications. A shorter trip is a faster trip, hence LEO satellites positioned nearer to the earth are at an advantage to maximize data transmission. LEOs are secure as communication happens in space and hence are not likely to be influenced by natural catastrophes or man-made disasters. With terrestrial access to broadband increasingly constrained, LEOs potentially raise the bar to provide lightning speed...
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Analyst Opinions
DATA, the New Oil – How Tech Transformation can Fuel Efficiencies in Oil and Gas
Emerging technologies have plunged into oil & gas in an approach to reduce downtime, improve safety, enhance regulatory compliance, and minimize carbon footprint. They are enabling a holistic view from extracting hydrocarbons to serving end-users for operational excellence. The sector’s digital transformation has reached new heights as it battles the COVID-19 pandemic. Oil & gas companies are adopting intelligent automation and other digital enablers to synthesize large amounts of data and derive useful insights to ease complex field activities that...