Google Cloud exec: Enterprise AI is game-changing, but companies need to prepare their data

Alphabet's (GOOG, GOOGL) Google has played many parts in the mythology of AI — leader, innovator, and even lagger. Though Google was initially caught flat-footed as the popularity of OpenAI's ChatGPT surged, it remains impossible to talk about artificial intelligence without talking about the search giant.

Naturally, Google Cloud, which raked in more than $26 billion in 2022, is front and center in the enterprise AI race with Amazon’s (AMZN) AWS and Microsoft’s (MSFT) Azure. That means that for Brian Goldstein, Google Cloud's global GM of AI go to market, life has changed a lot over the last year.

Goldstein and I first met when I moderated a panel he was on at UCLA, and I was intrigued by his candor — he's willing to humorously bristle at the mention of ChatGPT, bringing into focus a reality: Google's had the advantage of being a verb for search for so long, but the market has shifted — and the lack of that similar advantage in AI stings.

Especially since there's so much history there — Goldstein showed me an interview with Google founders Larry Page and Sergey Brin from 2000 in which the two men say, point-blank, that they believe the future of Google is AI.

Goldstein sat down with Yahoo Finance to unpack what the future of AI in enterprise looks like, why companies need to get their data in order, and more.

A young man looks at Gemini, Google's newly released artificial intelligence model, on his mobile phone and computer in Shanghai, China, Dec. 11, 2023. (CFOTO/Future Publishing via Getty Images) (Future Publishing via Getty Images)

The following interview has been edited for length and clarity.

Tell me the story of AI from your perspective, and Google's.

It's a great question, let me try to parse through both points of view. The evidence lies in Larry [Page] and Sergey [Brin] discussing Google becoming an AI-enabled search platform right from the company's inception.

So, I don't consider AI as something new to Google. We're the company that either invented or played a role in inventing and then open-sourced many of the pivotal advancements that have shaped this entire market and ecosystem, enabling it to mature at today's pace.

The significant shift today, or I should say in the past year or even the last 20-some years, is the intense spotlight on AI. People now understand and pay attention to it; it's suddenly highly relevant. Personally, my experience with AI stems from my role at Google, overseeing a large data market organization, catering to customers of various sizes and needs across the entire portfolio. Then, there was this pivotal moment...

Are we going to say it? Are we going to call it the ChatGPT moment?

A magic moment definitely emerged. The tone and tenor of our customers and prospects changed.

[C-suite and boardrooms] wanted to learn, not just chat, about how generative AI could impact our business. They sought reliable insights, and few places could offer that assurance, except Google.

I was unexpectedly given the chance to enter these spaces and discuss the potential of generative AI for businesses. It was a remarkable shift — from spending nearly 30 years knocking on doors to now having doors knocked down, with people asking, "Can you please come in and help us, teach us?" That, to me, is the magic.

Was it an overnight shift or a slow realization?

I have to tell you, it feels like it happened overnight. I've never in my career experienced a shift like that. The move to mobile, the internet, or SaaS, those things happened over the course of years.

This was a moment where we went from business as usual to business not as usual in the course of days. And it hasn't stopped at all ... If anything, the demand has increased precipitously. There's a hunger for the knowledge, there's a hunger for the experience.

I want to go back to something you've said to me previously: "We took a big step forward in generative AI, but we need to take a step back and get data right." What does that mean?

There's been this incredible groundswell of excitement, and everybody knows about this. We're all talking about it around generative AI and jumping in and doing the project and sharing the impact.

But that all being said, at the other side of these projects, what we're seeing is that organizations did not have their data house in order. For one, they had not appropriately connected all the disparate data sources that make up the most effective outputs in a model.

Two, so many organizations had not cleansed their data, making certain that their data is as appropriate and high value as possible. And so we've heard this forever — garbage in, garbage out. You can have this great AI project that has all the tenets of success and everybody's really excited. Then, it turns out that the data pipeline isn't great and that the data isn't streamlined — all of a sudden your predictions are not as accurate as they could or should have been.

The models are harder to continue to train, and they're not as good as they ought to be. You potentially have a space here where you're not mitigating bias, and there's inaccurate data risk that can lead to all kinds of challenges.

Let's say there's a CEO reading this, and this person wants to get their generative AI project off the ground, and still needs to get their data in order. What would you tell them?

I think you should choose a partner, a technology partner, who can come in and join forces with you and hold hands and be accountable with you — not just providing software and services, but to also be responsible for thinking through the dynamics of what a project would look like.

What are the priorities for your business? How can we help you figure out where the low-hanging fruit is and where the riskier projects are?

What does the overall future of AI look like?

You cannot discount the impact of this multimodal world that we are entering where we're leveraging text, video, image, and sound. All these things coming together is going to happen in a way that, even though we're starting to see it in our real lives — it's hard to fathom just how impactful some of this is going to be.

I've imagined my own domain evolving in a way where, for example, it becomes very commonplace that for a customer conversation, there's an AI [assistant] that's helping go-to-market professionals appropriately adjust tone, tenor, and types of engagement that they're having with the party on the other side.

AI will connect all these disparate resources in a way that allows you to gather insights in real time, and provide a provocative approach to business outcomes that's going to be entirely game-changing.

Allie Garfinkle is a Senior Tech Reporter at Yahoo Finance. Follow her on X, formerly Twitter, at @agarfinks and on LinkedIn.

Click here for the latest technology news that will impact the stock market.

Read the latest financial and business news from Yahoo Finance

Google: One of the Greatest Inventions in History

Equities, long-term investing

VP Content, Investing.com

Duke University, Interdisciplinary Center

Google (GOOGL) has long become an ultimate source of knowledge for everyone. Whatever questions are knocking around in people’s heads, their immediate impulse is to go to Google to get them answered. Even to understand why Google is so great, you need to google this question to learn more about the company. Before Google went public in 2004, people used to search for information differently: they flipped through encyclopaedias, read books and newspapers, asked professionals, or gathered gossip. Google reinvented the way we access information. We now receive answers from its search engine, exchange messages on Gmail, and store files on Google Drive.

Google’s innovations do not stop with YouTube, Google Books, or Google News. The company has recently stepped into the more distant territory of wearable tech, mobile operating systems, driverless vehicles, and renewable energy. As the scope of its interests grows, so does Google’s revenue. In the first quarter of 2022, Google’s revenue was $67.293 billion. In Q2, it reached $69.69 billion, which is up from around $62 billion earned in the same quarter a year prior. Google’s main revenue source is advertising through Google’s websites and its network, but there are also other platforms and businesses appearing under Alphabet that generate income. Continue reading to learn more about Google, discover more about the company’s uniqueness and comparative superiority over other tech giants.

Source: Statista 

Alphabet reported its 2023 third-quarter earnings on Tuesday, October 24, with EPS of $1.55, $0.10 better than the analyst estimate of $1.45. Revenue for the quarter came in at $76.69B versus the consensus estimate of $75.98B.

“Despite Alphabet topping quarterly earnings and revenue estimates, investors were disappointed by the relatively weak performance at its Google cloud platform, which is at risk of falling further behind Azure and AWS. Alphabet’s Google Cloud Platform sales growth came in below market expectations as customers cut back on cloud spending amid the current macro backdrop. Alphabet’s results prove it is not immune to the challenges facing the tech industry at large as it struggles in the face of ongoing macroeconomic headwinds, such as elevated inflation and worries about a possible recession. The results also demonstrated that it will take time for Alphabet to make money on its AI offerings.”

Jesse Cohen, senior analyst at Investing.com.

Alphabet reported its 2023 second-quarter earnings on Tuesday, July 25, with EPS of $1.44, $0.10 better than the analyst estimate of $1.34. Revenue for the quarter came in at $74.6B versus the consensus estimate of $72.82B.

Alphabet reported its 2023 first-quarter earnings on Tuesday, April 25, with EPS of $1.17, $0.09 better than the analyst estimate of $1.08. Revenue for the quarter came in at $69.8B versus the consensus estimate of $68.87B.

Alphabet reported its fourth-quarter earnings on Thursday, February 2, with EPS of $1.05, $0.13 worse than the analyst estimate of $1.18. Revenue for the quarter came in at $76.05B versus the consensus estimate of $76.07B.

Alphabet reported third-quarter earnings after the bell on Tuesday, October 25, missing analysts’ forecasts and with revenue falling short of expectations. The company announced earnings per share of $1.06 on revenue of $69.09, while analysts polled by Investing.com anticipated EPS of $1.28 on revenue of $71.34B.

Larry Page 

Sergey Brin

Sources: Forbes 

In September 2022, Alphabet (Google) has a market cap of $1.415 trillion, according to companiesmarketcap.com. This makes the company the world’s fourth most valuable company by market cap. As the table below demonstrates, Google has consistently celebrated the increase in market cap over the years. The two notable exceptions visible on this upward line were 2018 when Google’s market cap edged 0.81% lower from the previous year and the current year, which so far has a decline of 27.15% from 2021. Alphabet hit a $1 trillion market capitalization in January 2020, becoming the fourth US company to pass the milestone after Apple, Amazon, and Microsoft.

Alphabet (Google) Market Cap History from 2014 to 2022

Want to buy Alphabet (Google) stock? 🔎📈

Invest in Google shares quickly and without hidden charges by checking out our list of top-rated brokers and best trading platforms. Or, if you prefer ETFs, you’re in luck! Many leading index funds and ETFs provide exposure to Google and other FAANG stocks. Check out our full list of the top ETF brokers.

According to the company’s latest financial report, Google’s current annual revenue is $278.13 billion, which constitutes growth of 8.33% from 2021, when the company earned $256.74 billion. The revenue for the quarter ending June 30, 2022, was $69.69 billion, a 12.61% increase year-over-year. Google’s revenue is largely constituted of advertising revenue, which amounted to $209.49 billion in 2021. Overall, Google’s annual revenue has been increasing over the years: in 2020, it was $181.69 billion, showing a 12.77% jump from 2109. In 2019, it was $160.74 billion, which constituted an 18.3% growth from 2018.

The table below reflects a general increase in Google’s annual revenue since 2014:

Alphabet (Google) Annual Revenue from 2014 to 2022 ($US billion)

More than 80% of Alphabet’s revenue is earned from Google ads, which generated $209.49 billion in 2021 and $146.92 in 2020. These high numbers are no surprise because Google has been the market leader in online advertising for over a decade. Google generates advertising revenue through its Google Ads platform. With its help, advertisers can display ads, product listings, and service offerings to people across Google’s ad network. As Google constantly improves its algorithms on the platform, more and more advertisers are drawn to it, pushing the company’s revenue higher.

Google’s total advertising revenue in the first quarter of 2022 jumped to $54.66 million, compared to $44.684 million in Q1 of 2021. According to Investing, in the second quarter of 2022, Alphabet reported revenue of $69.69 billion, 81% coming from Google’s ad business, being in line with the average expectation of $69.88 billion among investment researchers.

The fourth quarter of 2022 proved to be a disappointing exception from the general upward trend followed by the company for years. Google’s Q4 earnings report showed a drop in ad revenue, missing expectations because of challenges in the digital advertising market. Search, Google Network, and YouTube revenues slid in Q4 2022 by 3% to $59 billion.

Search advertising revenue fared better than other segments. It sank 1.6% to $42.6 billion compared to the same quarter in Q4 2021. Google Network and YouTube revenue retreated by 8.6% and 7.0%, respectively. Google Network earned $8.5 billion; in 2021, it brought in $9.3 billion. YouTube’s revenue plummeted to $8.0 billion from $8.6 billion earned in the previous year.

The growth of Google’s advertising revenue is shown in the table below:

Google Advertising Revenue ($US billion)

Sources: Statista, CNBC

Google Cloud, also referred to as Google Cloud Platform or GCP, provides computing resources for developing, deploying, and operating applications on the internet. It is largely a service for building and maintaining original applications. These applications may then be published via the Web from its hyper-scale data center facilities. Recently, Alphabet has heavily invested in Google Cloud intending to catch up with AWS and Microsoft Azure because in 2020, its share of worldwide cloud-related revenue, among the leading service providers, was only at around 9%. In 2021, Google’s incumbent CEO, Sundar Pichai, said: “We continue to invest strongly in the business, given the momentum we are seeing.”

Although the results have been mixed, with Google still commanding only 8% of the Cloud Service Market in 2022, GCP does show a steady increase in earnings every year. In the first quarter of 2022, the segment brought Alphabet $5.8 billion. In Q2, Google Cloud contributed $6.3 billion to the company’s revenue.

In the fourth quarter of 2022, Google Cloud brought the company $7.32 billion. Although this figure showed an increase of 32% from the previous year, it still did not live up to analysts’ expectations. They foresaw $7.43 billion earned in this unit. Google Cloud also cut its losses in Q4, reducing them to $480 million from $890 million a year ago.

The increase in Google Cloud’s earnings is reflected in the table below:

Global Google Cloud Revenues from 2017 to 2022 ($US billion)

YouTube was launched in 2005 by three PayPal employees, Chad Hurley, Steve Chen, and Jawed Karim. A year later, Google acquired the start-up for $1.65 billion. Now, this move is considered the smartest acquisition of the past two decades. YouTube presently hosts 51 million channels with millions of subscribers on every topic under the sun. After its inception, the platform started the YouTube Premium initiative to allow people to listen to YouTube music without interruption from ads. YouTube Premium reached 30 million subscribers in 2020. There are also live-streaming videos on YouTube, and Shorts, a shorter version of videos similar to the format used on the TikTok platform. Analysts deem the introduction of Shorts a smart decision: TikTok might be dwarfed by a much larger audience watching YouTube videos if YouTube short videos catch on. 

YouTube has reported more than 30% revenue growth in the past four years. It generated $28.8 billion in 2021, which constituted a 46.2% jump from 2020 figures. In the first quarter of 2022, YouTube brought Alphabet $6.869 billion. In the second quarter of 2022, the revenue earned from YouTube soared to $7.340 billion. YouTube brings such good profits and enjoys such extraordinary popularity worldwide that analysts from Venture Beat estimate that if it were separated from Alphabet, it would be worth between $140 and $300 billion.

As TikTok’s popularity grew, that of YouTube started waning because people preferred shorter videos. The results of the fourth quarter of 2022 bore out YouTube’s relative fall from grace. Its revenue dipped below analysts’ predictions to reach $7.96 billion. It decreased by 8% from $8.63 billion earned last year. In addition to cut-throat competition with TikTok, there was also a pullback in ad spending in 2022, which contributed to YouTube’s lesser popularity in the last two quarters of 2022.

Analysts’ outlook on YouTube’s performance is pessimistic. They fear a decline in ad revenue could prevent YouTube from reaching its target audience and rain on the parade of advertising campaigns, rendering them less effective. Receiving less money from advertising, Google could also decide to invest less in the innovation of YouTube and thus set it up to lose alongside other advertising platforms.

Observe the upward trajectory of YouTube’s annual revenue from 2010 to 2022 in the table below:

YouTube Annual Revenue from 2010 to 2022 ($US billion)

In 2022, YouTube welcomed 2.6 billion active users. A large number of users makes YouTube one of the most popular apps in the world, behind only Google and Facebook in total usage.  On average, people worldwide watch 5 billion videos per day, which amounts to 1 billion collective hours spent on YouTube. Individually, viewers spend about 14 minutes watching YouTube videos every day, although an average viewing session on mobile devices lasts longer, about 40 minutes. The growing popularity of the YouTube platform worldwide is demonstrated in the following table:

YouTube Annual Users (in billions)

In 2022, India emerged as the country whose citizens are fonder of YouTube than other people on the planet. Statista estimates that India has the largest YouTube audience: about 467 million viewers in the country click “Play” on this platform. The popularity of the social video platform is also wide in the United States. Around 247 million Americans engage with its content. Indonesia is ranked third, with 139 million people watching videos on YouTube.

See the popularity of YouTube presented by countries in descending order in the table below:

YouTube Audience’s Size by Countries as of January 2023 (in millions)

There is no denying that 2022 was less successful for Alphabet (Google) than previous years. Shares of the tech titan plummeted nearly 40%. Yet analysts observe that the company’s performance was not as disappointing as the market saw it. They maintain that accomplishing results similar to those seen in 2021 when the world was in lockdown and relied on Google more than usual was unrealistic in 2022. Comparing the company’s achievements to those of the previous year is unfair. Far from losing strength, Alphabet still has room to grow in the following year.

Google and YouTube faced new challenges in 2022. But throughout the year, the company actively worked on improving artificial intelligence supporting its search engine. Web searches on Google now can deliver even more relevant results and potentially turn Google into an even more effective marketing tool for advertisers. The company’s improvements in its search-oriented AI have upgraded Google’s shopping platform. Now it can suggest purchases to customers, help them visually immerse in a shopping process, and enhance their online shopping experience.

Alphabet also worked on improving its YouTube platform in 2022. Forced to compete with TikTok, whose brief content proved immensely popular, Alphabet introduced the monetization of shorter videos, called “shorts,” which were disallowed to generate revenue earlier. As people can now post more short videos preferred by viewers, they will attract more advertisers and lure the watching public away from the TikTok platform.

Other core improvements have been made in 2022 that will help Alphabet rise in 2023 and turn its performance into an unqualified success.

Google is not the only search engine existing in the world. There are such alternative platforms as DuckDuckGo, Bing, Yahoo!, Baidu, and Yandex, but the majority of people in the world are not even aware of their existence. Or even if they know about Yahoo! and Bing, people still turn to Google when they are searching for something on the internet. After all, Google does have 92% of the search engine market share worldwide, alongside all these platforms.

The unpopularity of the alternative search engines eloquently testifies to Google’s power. Google has the capacity to calculate a website’s relevance according to the number of pages and links pointing back to the original site, which none of the others boast. This makes Google the preferred search engine in the world. Combined with the success of other companies united under the management of Alphabet, Google’s prospects seem upbeat, despite its stock’s present slight decline.

Although algorithm forecaster Wallet Investor predicts that GOOGL’s price will slide to $61.376 in 2024, analysts from AI Pickup see Alphabet stock rebounding in 2027 to $132.86 and $311.66 by 2030. But as Google is always focused on innovations, by the time we arrive at the end of the decade, the world might be transformed again by Google’s bright ideas, just as it was forever changed by its revolutionary invention of a search engine algorithm.

Try InvestingPro For Free! 📈

Compare the performance of Alphabet against industry leaders, access vital financial stats and make smarter investment moves.

Say goodbye to inefficiency – choose InvestingPro for swift Alphabet insights and more profitable decisions within minutes of signing up.

Try InvestingPro for 7 Days, Free!

Machine Condition Monitoring Market worth $4.7 billion by 2029 - Exclusive Report by MarketsandMarkets™

CHICAGO, Jan. 5, 2024 /PRNewswire/ -- The global machine condition monitoring market size is expected to grow from USD 3.1 billion in 2024 to USD 4.7 billion by 2029, at a CAGR of 8.3% from 2024 to 2029 according to a new report by MarketsandMarkets™. Cloud technology enables access to maintenance data anywhere in the world through devices such as personal computers, tablets, or smartphones. This data is available to any stakeholder with approved access, including third-party analysts, without requiring any additional expensive infrastructure. Cloud computing reduces operating costs and ensures easy data maintenance. It offers data flexibility and provides unlimited storage and secure networking options. Thus, the advent of cloud computing platforms with a significant focus on cyber security is expected to fuel the growth of the machine condition monitoring market.

MarketsandMarkets Logo

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=29627363

Browse in-depth TOC on "Machine Condition Monitoring Market" 207 – Tables80 – Figures279 – Pages

Machine Condition Monitoring Market Report Scope:

Report Coverage

Details

Market Revenue in 2024

$ 3.1 billion

Estimated Value by 2029

$ 4.7 billion

Growth Rate

Poised to grow at a CAGR of 8.3%

Market Size Available for

2020–2029

Forecast Period

2024–2029

Forecast Units

Value (USD Million/Billion)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

By Technique, Offering and Region

Geographies Covered

North America, Europe, Asia Pacific, and Rest of World

Key Market Challenge

Unavailability of technical expertise at remote locations

Key Market Opportunities

Integration of big data analytics and machine learning in machine condition monitoring

Key Market Drivers

Rising inclination towards wireless communication technology

The market for vibration monitoring technique segment is expected to gain a significant market share during the forecast period.

Vibration meters are the basic data logger devices representing machine vibration readings. Most vibration meters are battery-operated and consist of monochrome or digital LCD. These devices are portable and present a simple and convenient way to monitor vibrations. However, unlike vibration analyzers, they provide simple readings onscreen with no alarm level or reference to the previous readings or perhaps vibration standards in rotating machines. Further, portable vibration analyzers are effective, convenient, accurate, and mobile tools that have feature memories to store the vibration measurement data for further analysis.

Story continues

On-premises segment is expected to hold a substantial market share during the forecast period.

Machine condition monitoring solutions and systems are deployed at the user's premises to ensure complete control over the data flow, enabling data security. This is one of the key reasons for adopting the on-premises machine condition monitoring solutions and systems. On-premises machine condition monitoring solutions and systems collect real-time data with high accuracy, reducing the response time to resolve issues. Machine condition monitoring solutions deployed on the company premises ensure complete control and security of its data. This leads to increased adoption of on-premises solutions. However, high installation, setup, and maintenance costs restrict the adoption of on-premises deployment of machine condition monitoring solutions and systems.

Aerospace industry segment to grow at an impressive CAGR during the forecast period.

Aerospace is a rapidly growing industry, and there is a constant need to enhance the reliability of machines to avoid production losses occurring due to machinery breakdowns. In aircraft manufacturing, more than one condition monitoring technology is used to monitor the condition of critical machines, resulting in the generation of large volumes of data. Advanced algorithms are used to develop condition monitoring systems and solutions to accommodate various analytical technologies. The use of artificial intelligence for condition monitoring enables companies to efficiently detect potential faults in machinery, thereby minimizing production losses.

Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=29627363

North America is expected to hold a significant market share of the machine condition monitoring market during the forecast period.

The machine condition monitoring industry in North America has been studied for the US, Canada, and Mexico. Machine condition monitoring systems can accurately forecast equipment failure, helping organizations reduce their maintenance and operational expenses and financial losses witnessed due to unplanned downtime. North America accounts for a significant share of the machine condition monitoring market, and it is one of the most advanced regions in terms of technology adoption and infrastructure development. Further, factors such as the rising focus of manufacturing firms on optimum asset management and resource utilization; tight government regulations related to workplace and personnel safety; and stringent quality control standards required to be followed by companies from the oil & gas, chemicals, and food & beverages industries accelerate the demand for machine condition monitoring systems in North America.

Key Players

The key players in the machine condition monitoring companies include Emerson Electric Co. (US), Honeywell International Inc. (US), PARKER HANNIFIN CORP. (US), Rockwell Automation (US), General Electric (US), Amphenol Corporation (US) and others.

Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=29627363

Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting

Related Reports:

Asset Integrity Management Market by Service Type (NDT, RBI, Corrosion Management, Pipeline Integrity Management, HAZID Study, Structural Integrity Management, RAM Study), Industry and Region – 2026

NVH Testing Market by Application (Impact Hammer Testing and Powertrain NVH Testing, Sound Intensity Measurement and Sound Quality Testing, Product Vibration Testing), Type (Hardware, Software), Vertical and Region- Global Forecast to 2028

Smart Manufacturing Market by Technology (3D printing, Al in Manufacturing, Automated guided vehicle, Condition Monitoring, Cybersecurity, Digital Twin, HMI, Machine Vision, MES, PAM, Robot, Sensor), Industry, Region - Global Forecast to 2028

Test and Measurement Equipment Market by Product Type (General-purpose Test Equipment and Mechanical Test Equipment), Service Type (Calibration Services and Repair/After-sales Services), Vertical and Region - Global Forecast to 2028

NDT and Inspection Market by Technique (Visual Testing, Magnetic Particle, Liquid Penetrant, Eddy-Current, Ultrasonic, Radiographic, Terahertz Imaging, Acoustic Emission), Method, Service, Application, Vertical and Region-Global Forecast, 2028

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:Mr. Aashish MehraMarketsandMarkets™ INC.630 Dundee RoadSuite 430Northbrook, IL 60062USA: +1-888-600-6441Email: sales@marketsandmarkets.comVisit Our Web Site: https://www.marketsandmarkets.com/Research Insight: https://www.marketsandmarkets.com/ResearchInsight/machine-health-monitoring-market.aspContent Source: https://www.marketsandmarkets.com/PressReleases/machine-health-monitoring.asp

Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg

Cision

View original content:https://www.prnewswire.com/news-releases/machine-condition-monitoring-market-worth-4-7-billion-by-2029---exclusive-report-by-marketsandmarkets-302026910.html

SOURCE MarketsandMarkets