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Annual Compliance Report 2025: Integration, Self-Regulation and Technology

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Helping dealers meet regulatory requirements and advance investor protection

TORONTO, Jan. 31, 2025 /CNW/ – The Canadian Investment Regulatory Organization (CIRO) published its Annual Compliance Report, providing insight for dealers into emerging compliance challenges and what’s needed to address them. CIRO’s Annual Compliance Report helps dealers focus their supervision and risk-management efforts to comply with CIRO’s regulatory requirements effectively.

“The Compliance Report serves to communicate emerging issues to all dealers for awareness, preparedness, and to take the best approach to adjusting policies and procedures,” said Andrew Kriegler, CEO, CIRO. “By alerting dealers to potential issues faced by their industry peers, CIRO advises all members about risks and emerging compliance matters, to strengthen investor protection while responding to changes in the industry.”

Staying Ahead of the Technology Curve

A key theme of the report is the relationship between technologies used in the investment ecosystem and managing their risks to protect investors. Highlights include:

Cybersecurity remains a key business risk irrespective of the size and complexity of the dealer member. Dealers are required to report cybersecurity incidents that meet certain criteria and to implement necessary controls to protect their clients. The report warns of an increase in incident reports involving third-party service providers that have impacted their clients. The report encourages dealers to review whether they have the necessary controls in place to protect clients, client information and assets, as well as their own critical operating systems, and in training personnel to fortify their cybersecurity.Crypto Asset Trading Platforms (CTPs) continue to be onboarded into CIRO membership. Compliance takes a top-down, risk-based approach to recognizing the higher inherent risk associated with CTPs. As CIRO and the CSA continue to evolve and adapt to the changing crypto ecosystem, members planning to offer crypto-assets to clients should stay informed about regulatory developments.Algorithmic Trading is a significant tool in today’s capital markets. Implementing robust controls to validate data inputs and operations is essential to ensuring the accuracy and reliability of trading decisions—and maintaining the integrity of the capital markets. The report recommends regular reviews of algorithms to ensure their ongoing effectiveness.Social media is increasingly used as a marketing and educational tool in the finance industry. Dealers are required to establish and maintain policies and procedures on the use of social media for business purposes by their Approved Persons. The report encourages dealers to establish clear guidelines for interacting with clients and to maintain proper books and records of communications in compliance with regulatory obligations.

Integration and Compliance

Integration is a key pillar of the first year of CIRO’s inaugural Strategic Plan and annual public priorities for 2025—delivering efficiencies for the organization, members and the industry as a whole. The internal structure of CIRO’s compliance teams is now integrated and the compliance programs have been harmonized to support the organizational goal of delivering regulation effectively and efficiently.

“This report will help dealers with their own compliance policies and procedures so that collectively, as an industry, we can improve investor confidence and strengthen Canadian markets,” said Kriegler.

Read the full Compliance Priorities Report. 

About CIRO.

The Canadian Investment Regulatory Organization (CIRO) is the national self-regulatory organization that oversees all investment dealers, mutual fund dealers and trading activity on Canada’s debt and equity marketplaces. CIRO is committed to the protection of investors, providing efficient and consistent regulation, and building Canadians’ trust in financial regulation and the people managing their investments. For more information, visit www.ciro.ca.

SOURCE Canadian Investment Regulatory Organization (CIRO)

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Artificial Intelligence (AI) in Games Market to Grow by USD 27.47 Billion from 2025-2029, Boosted by AR and VR Game Adoption, Report on AI’s Role in Market Transformation- Technavio

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NEW YORK, Feb. 10, 2025 /PRNewswire/ — Report with the AI impact on market trends – The global Artificial intelligence (AI) in games market size is estimated to grow by USD 27.47 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of  42.3%  during the forecast period. Growing adoption of ar and vr games is driving market growth, with a trend towards increasing emergence of cloud gaming. However, network latency in between games  poses a challenge. Key market players include Capcom Co. Ltd., Charisma Entertainment Ltd., COGNOSPHERE PTE. LTD., Electronic Arts Inc., Gameloft SE, Google LLC, Konami Group Corp., Latitude, Microsoft Corp., NetEase Inc., Nintendo Co., Ltd., NVIDIA Corp., PrometheanAI Inc., Side Effects Software Inc., Sony Group Corp., Take Two Interactive Software Inc., Tencent Holdings Ltd., Theai Inc., Ubisoft Entertainment SA, and Unity Technologies Inc..

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Artificial Intelligence (AI) In Games Market Scope

Report Coverage

Details

Base year

2024

Historic period

2019 – 2023

Forecast period

2025-2029

Growth momentum & CAGR

Accelerate at a CAGR of 42.3%

Market growth 2025-2029

USD 27474 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

32.9

Regional analysis

North America, APAC, Europe, South America, and Middle East and Africa

Performing market contribution

North America at 40%

Key countries

US, China, Canada, Japan, South Korea, UK, Germany, Brazil, France, and Italy

Key companies profiled

Capcom Co. Ltd., Charisma Entertainment Ltd., COGNOSPHERE PTE. LTD., Electronic Arts Inc., Gameloft SE, Google LLC, Konami Group Corp., Latitude, Microsoft Corp., NetEase Inc., Nintendo Co., Ltd., NVIDIA Corp., PrometheanAI Inc., Side Effects Software Inc., Sony Group Corp., Take Two Interactive Software Inc., Tencent Holdings Ltd., Theai Inc., Ubisoft Entertainment SA, and Unity Technologies Inc.

Market Driver

Artificial Intelligence (AI) is revolutionizing the games market with trends like AI-generated content, Virtual Reality (VR), and Augmented Reality (AR). Games are now using AI algorithms to create 3D representations, enhance player experience on platforms like Microsoft HoloLens 2, and improve sensor technology. AI technologies, including machine learning and neural networks, power advanced features like ray tracing and realistic physics simulations in games like Cyberpunk 2077, Battlefield V, and Red Dead Redemption 2. Network latency is a challenge in multiplayer gaming, but AI-enabled platforms and deep learning ML models are helping to analyze data for prediction and improve matchmaking. GPUs and CPUs are essential for processing power, while real-time AI processing is a key factor in mobile games. Expertise in AI is in demand for developing AI-driven animation techniques and anti-cheat systems. Market growth factors include 5G network, cloud gaming, edge computing, and smart gaming consoles. AI Dungeon, Voyage platform, Pixel This, Things, Loom, and Mediaeval Problems are leading the way in AI-driven gaming innovations. 

Cloud gaming, which allows access to remote server-based games through Internet-connected devices, is gaining popularity due to the rise of social media and mobile gaming. This technology eliminates the need for new hardware or complicated setups, such as game discs, installations, or patches. Grid computing powers the streaming of game content to users via wired or wireless broadband connections. Cloud gaming’s cost-effective pricing structure appeals to non-core gamers, expanding its reach beyond traditional console gaming. The convenience and ease of use make cloud gaming an attractive option for gamers. 

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Market Challenges

The AI in Games market is experiencing significant growth, with advancements in AI-generated content, virtual reality (VR), and augmented reality (AR). Microsoft HoloLens 2 and other AI technologies, such as machine learning and neural networks, are revolutionizing gaming. However, challenges remain, including network latency, processing power, and real-time AI processing for multiplayer gaming and matchmaking. AI-enabled platforms like Euphoria and Realistic physics simulations are improving player behavior and environmental interaction. Market growth factors include cloud-based services, smart gaming consoles, and expertise in AI. Companies like Cyberpunk 2077, Battlefield V, and Red Dead Redemption 2 are utilizing AI for image upscaling, prediction, and ML models. Future trends include deep learning, data analysis, and AI-driven animation techniques. The market is expected to grow, driven by 5G network, cloud gaming, edge computing, and AI Dungeon, Voyage platform, Pixel This, Things, Loom, and Mediaeval Problems.The global AI market in games faces a significant challenge due to network latency. This delay between a player’s action and the game server’s response can negatively impact gameplay experiences, particularly in online multiplayer games. Latency is influenced by factors such as internet connection quality, player-server distance, network infrastructure, number of users, and server load. Reducing network latency is crucial for providing optimal gaming experiences and ensuring player satisfaction. Companies in this market must invest in improving network infrastructure and optimizing server performance to minimize latency and enhance the overall gaming experience.

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Segment Overview 

This artificial intelligence (ai) in games market report extensively covers market segmentation by  

TypeAI Enabled PlatformsAI Enabled GamesTechnologyMachine LearningNatural Language ProcessingComputer VisionRoboticsGeographyNorth AmericaAPACEuropeSouth AmericaMiddle East And AfricaGameActionAdventureCasualRacingSimulationSportsStrategyAI TypeMachine LearningDeep LearningNatural Language ProcessingComputer Vision

1.1 AI enabled platforms-  Artificial Intelligence (AI) platforms are essential collections of tools that facilitate the creation, testing, implementation, and maintenance of deep learning and Machine Learning (ML) models in the gaming industry. AI technology enables machines to execute tasks beyond human capabilities, such as data analysis, prediction, and action-making, more efficiently and accurately. Developers utilize AI platforms to create advanced games, build environments, characters, and plots more rapidly. Additionally, AI’s ability to analyze player behavior and data offers valuable insights into player preferences, leading to customized and engaging experiences. Leading companies like Microsoft and Google are at the forefront of this change, offering AI-driven platforms and tools that are revolutionizing game production. Furthermore, AI is enhancing game realism through AI-powered graphics and ray tracing, resulting in lifelike scenes. Real-time interactions between human gamers and AI-powered virtual characters are also made possible by these platforms. The increasing adoption of AI platforms in the gaming industry will drive the growth of this segment and market during the forecast period.

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Research Analysis

The AI in Games market is revolutionizing the gaming industry by integrating advanced AI algorithms, machine learning, and neural networks to generate and dynamic gaming experiences. AI-generated content includes 3D representations, virtual reality (VR), and augmented reality (AR), enhancing the realism and interaction in games. Microsoft HoloLens 2, with its AI technologies and sensors, leads the way in AR gaming. AI enables prediction and data analysis, reducing network latency and improving gameplay. GPUs and CPUs power AI-enabled platforms, enabling real-time image upscaling and ray tracing for enhanced graphics. Games like Cyberpunk 2077, Battlefield V, and Red Dead Redemption 2 utilize AI middleware systems like Euphoria to create lifelike characters and environments. Deep learning ML models are used for character behavior and decision-making, adding depth to the gaming experience. AI is transforming 3D games into intelligent, interactive, and experiences.

Market Research Overview

The Artificial Intelligence (AI) in Games market is experiencing rapid growth as developers integrate advanced AI technologies to create more and interactive gaming experiences. AI-generated content, such as 3D representations and realistic physics simulations, is revolutionizing the industry. Virtual reality (VR) and augmented reality (AR) games are utilizing AI algorithms to enhance user experience, with devices like Microsoft HoloLens 2 leading the way. Sensors and AI technologies like machine learning and neural networks are powering these advancements. Games like Cyberpunk 2077, Battlefield V, and Red Dead Redemption 2 are using AI to improve player behavior and environmental interaction. Network latency is being addressed through AI-enabled platforms and real-time AI processing. Deep learning and ML models are being used for data analysis and prediction, while GPUs and CPUs provide the necessary processing power. Realistic physics simulations, AI-driven animation techniques, and expertises in AI are key market growth factors. Cloud gaming, 5G networks, and edge computing are also driving the market forward. AI Dungeon, Voyage platform, Pixel This, Things, Loom, and Mediaeval Problems are some of the innovative companies leading the charge in this exciting field.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TypeAI Enabled PlatformsAI Enabled GamesTechnologyMachine LearningNatural Language ProcessingComputer VisionRoboticsGeographyNorth AmericaAPACEuropeSouth AmericaMiddle East And AfricaGameActionAdventureCasualRacingSimulationSportsStrategyAI TypeMachine LearningDeep LearningNatural Language ProcessingComputer Vision

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/artificial-intelligence-ai-in-games-market-to-grow-by-usd-27-47-billion-from-2025-2029–boosted-by-ar-and-vr-game-adoption-report-on-ais-role-in-market-transformation–technavio-302372175.html

SOURCE Technavio

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Data Center Market in UK to Grow by USD 37.87 Billion from 2024-2028, Driven by Multi-Cloud Adoption and 5G Network Upgrades, AI’s Impact on Trends – Technavio

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NEW YORK, Feb. 10, 2025 /PRNewswire/ — Report on how AI is redefining market landscape – The Data center market in UK  size is estimated to grow by USD 37.87 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  21.8%  during the forecast period. Growing adoption of multi-cloud and network upgrade to support 5G is driving market growth, with a trend towards consolidation of data centers. However, increasing power consumption  poses a challenge. Key market players include Amazon.com Inc., arkdatacentres.co.UK, Baxtel, Cisco Systems Inc., CyrusOne LLC, Cyxtera Technologies Inc., Digital Realty Trust Inc., DXC Technology Co., Equinix Inc., Switch Ltd., Hewlett Packard Enterprise Co., Huawei Technologies Co. Ltd., International Business Machines Corp., Iron Mountain Inc., Microsoft Corp, Nippon Telegraph and Telephone Corp., Oracle Corp, SAP SE, Verizon Communications Inc., and Virtus.

AI-Powered Market Evolution Insights. Our comprehensive market report ready with the latest trends, growth opportunities, and strategic analysis- View Free Sample Report PDF

Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Component (IT infrastructure, Power management, Mechanical construction, General construction, and Security solutions) and Geography (Europe)

Region Covered

UK

Key companies profiled

Amazon.com Inc., arkdatacentres.co.UK, Baxtel, Cisco Systems Inc., CyrusOne LLC, Cyxtera Technologies Inc., Digital Realty Trust Inc., DXC Technology Co., Equinix Inc., Global Switch Ltd., Hewlett Packard Enterprise Co., Huawei Technologies Co. Ltd., International Business Machines Corp., Iron Mountain Inc., Microsoft Corp, Nippon Telegraph and Telephone Corp., Oracle Corp, SAP SE, Verizon Communications Inc., and Virtus

Key Market Trends Fueling Growth

The Data Center market in the UK is experiencing significant growth due to the increasing adoption of cloud computing, multi-tenant data centers, and digital transformation. Businesses of all sizes, from large enterprises to small businesses, are leveraging cloud solutions for cost savings and flexibility. The rise of the Internet of Things, eCommerce, and digital content is driving the need for more data storage and transmission. Multi-tenant data centers, hyperscale data centers, and edge computing are becoming popular trends, with an emphasis on energy efficiency and eco-friendly solutions. Remote working and 5G networks are also driving the demand for data centers closer to the edge. Hybrid cloud solutions, smart city infrastructure, and AI technologies like machine learning and deep learning are transforming industries such as IT & Telecom, healthcare, manufacturing, and cybersecurity. Tier 3 data centers, colocation, and interconnection platforms are essential for businesses seeking to improve data management and security. The market is witnessing the emergence of modular data centers, prefabricated solutions, and low-latency applications to support the growing demand for real-time processing and high-performance computing. The future of data centers lies in hyper-scalability, automation, and green energy initiatives. 

Data center consolidation is a trending business strategy among enterprises in the UK, driven primarily by the need to reduce operational costs. High power consumption and carbon emissions leading to increased operational expenses have encouraged many organizations to consolidate their data centers. This consolidation can result in cost savings of up to 30%, enhanced security up to 35%, improved efficiency by 50%, and reduced power consumption by 55%. Various enterprises are implementing this strategy by consolidating existing facilities, moving operations to colocation data centers, and adopting cloud-based services. For instance, National Grid recently selected Wipro for data center consolidation and the implementation of a next-generation hybrid cloud architecture in the UK. 

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Market Challenges

The Data Center market in the UK is experiencing significant growth due to the increasing demand for cloud computing, multi-tenant data centers, and digital transformation. Businesses of all sizes, from Large Enterprises to Small Enterprises, are adopting cloud solutions for their eCommerce platforms, digital content, and IoT applications. The rise of 5G networks and edge computing is driving the need for micro data centers and hyperscale data centers. Challenges such as energy efficiency, data security, and asset performance management are top priorities for colocation service providers and hyper-scale operators. The adoption of AI, machine learning, and automation is essential for managing digital data and ensuring the reliability of electrical and mechanical infrastructure. The market is also witnessing the emergence of green data centers and eco-friendly solutions, as well as the integration of generative AI, deep learning, and high-performance computing for data storage and real-time processing. The IT & Telecom, Healthcare, Manufacturing, and Cybersecurity sectors are leading the way in the adoption of these technologies. Colocation services, interconnection platforms, modular data centers, and prefabricated solutions are becoming increasingly popular for their flexibility and scalability. The market is expected to continue growing as businesses seek to optimize their IT infrastructure and improve their digital capabilities.The UK data center market is experiencing substantial growth due to increasing data traffic from Internet penetration, social media usage, automation technologies, smart city initiatives, and AI adoption. Servers and cooling solutions in data centers account for a significant portion of electricity consumption. Energy scarcity is a pressing issue globally, and the UK faces power production and consumption gaps. Large enterprises operate data centers to power millions of users for business continuity, leading to high energy consumption and power costs, as well as environmental concerns such as carbon emissions.

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Segment Overview 

This data center market in UK report extensively covers market segmentation by

ComponentIT InfrastructurePower ManagementMechanical ConstructionGeneral ConstructionSecurity SolutionsGeographyEurope

1.1 IT infrastructure-  The Data Center IT infrastructure market in the UK consists of server infrastructure, storage infrastructure, software-defined data centers (SDDCs), network infrastructure, converged infrastructure, data center automation software, data center backup and recovery software, and DCIM solutions. The demand for these IT infrastructure components is increasing due to the growing need for computing power and storage to support expanding data traffic. Enterprises in the UK are transitioning to cloud technologies, moving their data from on-premises data centers to cloud-based alternatives. This trend is anticipated to boost the demand for servers, storage infrastructure, and other IT equipment during the forecast period. Additionally, investments in providing cloud solutions using hyperscale data centers (HDCs) are on the rise, such as SAP SE’s recent £220 million investment in the UK for its SAP UK data cloud. The advantages of HDCs, including high scalability, cooling efficiency, and workload balancing, are becoming increasingly valuable. The number of HDCs is projected to grow, leading to increased demand for data center IT infrastructure and related solutions worldwide. The COVID-19 pandemic has accelerated the adoption of cloud services and digitization, further fueling the need for advanced IT infrastructure in the UK.

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Research Analysis

The Data Center market in the UK is experiencing significant growth due to the increasing demand for cloud computing, multi-tenant data centers, and digital transformation. Businesses across industries are adopting cloud solutions for their operations, leading to an increase in the demand for data center services. The Internet of Things (IoT) and eCommerce sectors are major contributors to this trend, generating large amounts of data that require secure and efficient storage and processing. Big data, digital content, and high-performance computing are driving the need for advanced electrical and mechanical infrastructure in data centers. Remote working and 5G networks are also fueling the growth of the market, as more businesses rely on cloud services for their day-to-day operations. Data security is a major concern for organizations, leading to the adoption of colocation, hyperscale, and enterprise data centers. Data Center Rating systems are being used to evaluate the efficiency and sustainability of data centers. The market also includes micro data centers and corporate data centers, as well as server storage devices, networking equipment, and digital data. Advanced technologies such as Generative AI, Deep Learning, and High-Performance Computing are being used in data centers for various applications, including data analysis and processing. Hybrid cloud and multi-cloud solutions are also gaining popularity, providing businesses with more flexibility and scalability.

Market Research Overview

The Data Center market in the UK is experiencing significant growth due to the increasing demand for cloud computing, multi-tenant data centers, and digital transformation. With the rise of big data, Internet of Things (IoT), eCommerce, and digital content, there is a need for more efficient and scalable data center solutions. This has led to the emergence of various types of data centers such as hyperscale, edge, micro, and Tier 3 data centers. Energy efficiency and eco-friendly solutions are becoming essential as data centers consume vast amounts of electricity. The adoption of renewable energy sources, generative AI, and deep learning is helping reduce carbon emissions. The market is also witnessing the deployment of 5G networks, which require low-latency applications and edge data centers to support the growing number of smartphones and IoT devices. Hybrid cloud solutions, colocation services, and interconnection platforms are becoming popular as businesses seek to manage their digital data securely and efficiently. Moreover, the healthcare, manufacturing, IT & telecom, and cybersecurity industries are investing heavily in data centers to support their digital transformation initiatives. The market is expected to continue growing as businesses adopt automation, artificial intelligence, and machine learning to enhance their operations and gain a competitive edge.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ComponentIT InfrastructurePower ManagementMechanical ConstructionGeneral ConstructionSecurity SolutionsGeographyEurope

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/data-center-market-in-uk-to-grow-by-usd-37-87-billion-from-2024-2028–driven-by-multi-cloud-adoption-and-5g-network-upgrades-ais-impact-on-trends—technavio-302372176.html

SOURCE Technavio

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Sharing Economy Market to Grow by USD 1.12 Trillion from 2025-2029, Driven by Online Ride-Hailing Growth, AI’s Role in Market Transformation – Technavio

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NEW YORK, Feb. 10, 2025 /PRNewswire/ — Report with market evolution powered by AI – The global sharing economy market  size is estimated to grow by USD 1.12 trillion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of  32.3%  during the forecast period. Rising use of online ride-hailing services is driving market growth, with a trend towards growing adoption of blockchain technology in sharing economy market. However, regulatory challenges associated with sharing economy apps and platforms  poses a challenge. Key market players include Accor S.A., Airbnb Inc., Avis Budget Group Inc., Avis India, Bollore SE, cambio Mobilitatsservice GmbH and Co. KG, Comuto SA, Couchsurfing International Inc, DiDi Inc., DoorDash Inc., Eatwith, Expedia Group Inc., HomeRoom Inc, Homestay Technologies Ltd., HubbleHQ, JustPark Parking Ltd, Lyft Inc., Microsoft Corp., Neutron Holdings Inc., Practo Technologies Pvt. Ltd., SPOTAHOME S.L.U, Stashbee Ltd, Uber Technologies Inc., and WeWork Inc.

AI-Powered Market Evolution Insights. Our comprehensive market report ready with the latest trends, growth opportunities, and strategic analysis- View Free Sample Report PDF

Forecast period

2025-2029

Base Year

2024

Historic Data

2019 – 2023

Segment Covered

Type (Sharing accommodation, Sharing transport, Sharing finance, and Others), End-user (Individual and Business), and Geography (APAC, Europe, North America, South America, and Middle East and Africa)

Region Covered

APAC, Europe, North America, South America, and Middle East and Africa

Key companies profiled

Accor S.A., Airbnb Inc., Avis Budget Group Inc., Avis India, Bollore SE, cambio Mobilitatsservice GmbH and Co. KG, Comuto SA, Couchsurfing International Inc, DiDi Global Inc., DoorDash Inc., Eatwith, Expedia Group Inc., HomeRoom Inc, Homestay Technologies Ltd., HubbleHQ, JustPark Parking Ltd, Lyft Inc., Microsoft Corp., Neutron Holdings Inc., Practo Technologies Pvt. Ltd., SPOTAHOME S.L.U, Stashbee Ltd, Uber Technologies Inc., and WeWork Inc

Key Market Trends Fueling Growth

The Sharing Economy, also known as the Peer Economy, is revolutionizing the way we buy and sell goods, services, and even assets. This trend, driven by digital platforms and online markets, enables peer-to-peer transactions through ride-sharing services, home-sharing services, and peer-to-peer financing channels. It’s changing the face of capitalism, offering alternatives to conventional ownership models for commuters, travelers, and entrepreneurs. The Sharing Economy includes ride-sharing, short-term lodging services, delivery, pet care, freelancing platforms, and more. It caters to budget-conscious people, addressing their financial burdens and offering affordable services. This multidimensional strategy focuses on consumer loyalty, entrepreneurial innovation, and environmental responsibility. However, challenges such as consumer data privacy, security breaches, safety standards, and information security are crucial concerns. Regulations and data protection laws are essential to protect consumers’ expectations and ensure data security measures. The Sharing Economy is not limited to ride-sharing and lodging; it’s expanding into various sectors like finance, workspaces, and even entertainment. It’s a global phenomenon, with smartphone applications, real-time tracking, and secure payment methods making transactions seamless. The future of the Sharing Economy is promising, with trends like electric bikes, scooters, autonomous cars, and carpooling shaping the mobility scene. It’s a flexible, affordable, and sustainable way to access goods and services, making it an attractive option for Generation Z, Millennials, Generation X, and Boomers alike. 

The incorporation of blockchain technology into the sharing economy market holds immense potential for addressing fundamental challenges and fueling growth. Blockchain, a decentralized and distributed digital ledger system, offers immutable transaction records and smart contracts, bolstering security, transparency, and trust within this sector. A key advantage is the enhancement of identity verification and reputation systems. Blockchain ensures secure and transparent user identity validation, minimizing fraudulent activities. Reputation scores, essential for peer-to-peer transactions, can be securely stored on the blockchain, providing a dependable measure of trustworthiness for both service providers and consumers. 

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Market Challenges

The Sharing Economy Market, also known as the Peer Economy, is revolutionizing the way we consume goods, services, and assets. This business model allows individuals to rent, share, or exchange resources through digital platforms, facilitating peer-to-peer transactions. Ride-sharing services, home-sharing services, peer-to-peer financing channels, co-working facilities, and freelancing platforms are some examples. However, this market faces challenges. Environmental responsibility, affordability, and consumer expectations call for sustainable, flexible, and affordable services. Traditional ownership models are being disrupted, with budget-conscious people turning to sharing economy alternatives. Security and privacy concerns arise from digital platforms and real-time tracking, requiring data security measures and compliance with data protection laws. Safety standards and information security are essential for consumer trust. Exploitation and fairness are also issues that need addressing. Technology adoption, including smartphone applications, artificial intelligence, and contactless payment systems, is crucial for scalability and user experience. The shared mobility industry, including ride-sharing, electric bikes, scooters, and autonomous cars, is a significant part of this market. The sharing economy impacts various demographics, including Generation Z, Millennials, Generation X, and Boomers, who use mobile apps for ride-sharing, short-term rental properties, peer-to-peer lending, and collaborative work environments. Entrepreneurial innovation and community-based online platforms are driving this multidimensional strategy, which also includes entertainment and telecommunication, transportation, hospitality, and information and knowledge sharing. The challenges for ride-sharing services businesses, short-term rental properties, and peer-to-peer lending include cancellations, cleanliness, safety, and vehicle cleaning requirements. The shared economy market is a dynamic and evolving landscape that requires a comprehensive, adaptive approach.The sharing economy market faces challenges due to ambiguous regulations and fragmented legal frameworks across different regions. This lack of clear and consistent regulations may discourage innovation and investment in new technologies or services, stifling creativity and limiting the market’s potential for transformative solutions. Inconsistent regulations can also lead to market fragmentation, making it difficult for platforms to operate across borders and scale up, ultimately hindering their ability to reach new customers. These regulatory hurdles can hinder the growth and development of the global sharing economy market.

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Segment Overview 

This sharing economy market report extensively covers market segmentation by

TypeSharing AccommodationSharing TransportSharing FinanceOthersEnd-userIndividualBusinessGeographyAPACEuropeNorth AmericaSouth AmericaMiddle East And Africa

1.1 Sharing accommodation-  The sharing accommodation segment of the global market is driven by individuals and travelers seeking cost-effective, flexible alternatives to traditional lodging. Silvernest, HomeRoom, and CouchSurfing are key vendors in this sector. Silvernest focuses on older adults seeking shared living arrangements, HomeRoom caters to the academic community, and CouchSurfing promotes cultural exchange through free home-stays. These platforms foster community building and provide unique, personalized travel experiences. Technological advancements facilitate secure transactions, and the rising demand for cost-effective and authentic experiences will drive growth in the sharing economy market through the sharing accommodation segment.

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Research Analysis

The Sharing Economy, also known as the Peer Economy, is a market model that enables direct interactions between individuals to rent, share, and exchange goods, services, and assets through digital platforms. This economic system is transforming traditional capitalism by promoting community-based online platforms for peer-to-peer transactions. The Sharing Economy includes various sectors such as transportation (ride-sharing services), hospitality (home-sharing services), and even peer-to-peer financing channels. It offers flexible, affordable, and sustainable services in areas like co-working facilities, freelancing platforms, and information and knowledge exchange. These digital marketplaces facilitate the efficient use of resources, promote environment-friendly practices, and foster a culture of circularity. Mobile apps have made it easier than ever to participate in the Sharing Economy, making it an essential part of modern consumer behavior.

Market Research Overview

The Sharing Economy Market, also known as the Peer Economy, is a revolutionary capitalist model that enables the exchange and sharing of goods, services, and assets through online markets and digital platforms. This multidimensional strategy connects individuals and businesses for peer-to-peer transactions, including renting, sharing, and exchanging. Ride-sharing services, home-sharing services, peer-to-peer financing channels, co-working facilities, and freelancing platforms are just a few examples of this collaborative economy. Environmental responsibility is a key focus, with short-term lodging services, ride-sharing, and delivery services offering more affordable and eco-friendly alternatives to conventional ownership models. Consumer loyalty is fostered through budget-conscious offerings and entrepreneurial innovation. However, challenges include consumer data privacy, security breaches, safety standards, and information security. Regulations and data protection laws are essential to ensure consumer expectations are met and exploitation is prevented. The sharing economy encompasses various sectors such as transportation, hospitality, information and knowledge, and entertainment and telecommunication. It caters to different generations, including Generation Z, Millennials, Generation X, and Boomers, through mobile apps, websites, and real-time tracking. The shared mobility industry continues to evolve with the adoption of technology, including smartphone applications, electric bikes, scooters, autonomous cars, and contactless payment systems. Cleanliness, safety, and flexible services are essential to maintaining consumer trust. The future of the sharing economy includes the scalability of user-friendly platforms, the mobility scene, and the integration of artificial intelligence. This market offers opportunities for micro-entrepreneurs, gig workers, and underutilized resources, creating a circular and sustainable economy.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TypeSharing AccommodationSharing TransportSharing FinanceOthersEnd-userIndividualBusinessGeographyAPACEuropeNorth AmericaSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

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