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Key Market Insights
Technology continues to be a major growth driver across sectors, particularly with artificial intelligence and data centers. Amazon maintains a dominant 40% share of North America’s e-commerce market and a 29% share of global cloud computing through Amazon Web Services, bolstered by growing markets in both areas.
In the semiconductor sector, Lam Research plays a critical role by manufacturing essential equipment for major chipmakers such as Intel and Samsung. The global semiconductor market is projected to double in size by 2034. Meanwhile, Alibaba controls about 40% of China’s online shopping market and generated nearly $20 billion in business last year, marking a 29% year-over-year increase.
Intuitive Surgical reports that its da Vinci surgical robots assisted in around 2.7 million procedures last year, reflecting a 17% increase over the previous year. Analysts forecast a revenue growth of 25% for the company in 2024. Additionally, Nio, an electric vehicle manufacturer based in China, delivered almost 222,000 vehicles in 2024, a 39% increase from the previous year, with expectations that electric vehicles will make up 80% of China’s auto sales by 2030.
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