In the US, checks and cash have already declined from representing half of all B2B payments in 2019 to a projection of less than a third (32%) in 2024, according to eMarketer. In emerging markets, paper’s share of B2B transactions is likely higher, but coming down thanks to the rise of digital commerce and digital operating systems for merchants.

Companies offering B2B payments solutions are digitizing and automating formerly manual processes like creating invoices, processing payments, and analyzing payments data. Many are building platforms that consolidate the steps in the B2B payments value chain in one place, enabling faster and more transparent payments and financing between businesses. 

Want to see more research? Join a demo of the CB Insights platform.

If you’re already a customer, log in here.

The post The B2B payments tech market map appeared first on CB Insights Research.

As a result, a range of technologies have emerged to address issues across the entire trial lifecycle. These use AI, data analytics, and digital platforms to streamline processes, improve data quality, and boost patient engagement — all with the aim of driving down trial times and costs while increasing success rates.

This market map identifies 96 vendors in 14 categories reshaping clinical trials. This tech ecosystem offers sponsors and research organizations opportunities to conduct more efficient, patient-centric trials that also meet regulatory requirements.

Want to see more research? Join a demo of the CB Insights platform.

If you’re already a customer, log in here.

The post The clinical trials tech market map appeared first on CB Insights Research.

It’s estimated that robots and other smart machinery will make up as much as one-third of US military presence in the next 15 years, according to Mark Milley, a retired US Army General and former chairman of the Joint Chiefs of Staff.

Unmanned systems already dominate in some areas — like aerial drones — while significant development is underway in bringing autonomous tech to the ground, ocean surface, and underwater domains.

Want to see more research? Join a demo of the CB Insights platform.

If you’re already a customer, log in here.

The post The AI in defense tech market map appeared first on CB Insights Research.

Longevity is a rather nascent but growing area of research for the biopharma industry — especially as tech advances in areas like AI and omics make it easier than ever to identify ways to manipulate the aging process. Existing consumer applications primarily focus on individuals wanting to stay healthy for longer, but the tide is shifting to products and services that slow or even reverse aging.

The rise of longevity tech will not just affect healthcare. Humans living longer, healthier lives would upend all sorts of societal and economic assumptions — impacting everything from retirement planning to insurance premiums to the size of the workforce to housing availability to trends in consumer demand. Few industries would be able to ignore the disruption from a longevity boom.

Want to see more research? Join a demo of the CB Insights platform.

If you’re already a customer, log in here.

The post The longevity tech market map: 64 startups racing to defy death appeared first on CB Insights Research.

Investors have poured nearly $4B into the space in the last 2 years as the rapid development of generative AI (genAI) enables more complex forms of natural language processing.

GenAI has fueled the emergence of not only chatbots like ChatGPT, which leverage large language models (LLMs) to answer user questions, summarize documents, and more, but also copilots (or assistants) that work alongside humans to speed up their workflows. AI agents mark another evolution beyond copilots: they can tackle complex tasks on a user’s behalf with minimal intervention, from sales prospecting to scheduling meetings.

Want to see more research? Join a demo of the CB Insights platform.

If you’re already a customer, log in here.

The post The enterprise AI agents & copilots market map appeared first on CB Insights Research.

Broadly, these solutions integrate financial tools into non-financial services. Building them into digital experiences ensures consumers and partners remain there for every part of the customer journey.  

The benefits are drawing businesses across industries to integrate financial tools into their platforms. For instance, banking-as-a-service (BaaS) platforms, which help companies offer features including account opening and deposits, will draw $36B in global revenue in 2024 from account and card fees. That figure is set to grow 2.5x by 2028 to reach $94B, per Juniper Research.

Want to see more research? Join a demo of the CB Insights platform.

If you’re already a customer, log in here.

The post The embedded banking & payments market map appeared first on CB Insights Research.

The industry is built around encoding information in quantum entities called “qubits” — which have a probability of being either 1 or 0, as opposed to traditional bits that can only be one or the other — to open up new computational approaches and ways of handling data that are not possible on conventional devices.

For example, quantum computing could allow entirely new algorithms that are much more efficient at some key tasks — like complex optimization problems, sorting through large datasets, and running simulations. Though the tech is not yet mature, companies are already working to apply quantum computing to commercial applications like drug discovery, finance, materials discovery, and logistics. Investors are excited — startups in the space saw equity funding surge to $1.3B in 2023, a rare bright spot for venture last year. As quantum computers become more capable in the coming years, expect commercial interest to rise quickly.

Want to see more research? Join a demo of the CB Insights platform.

If you’re already a customer, log in here.

The post The quantum information market map: The companies working on quantum computing, post-quantum cryptography, and more appeared first on CB Insights Research.

AI and automation offer promising avenues to optimize each step from packaging to distribution to post-delivery medication adherence. Along the way, these technologies offer benefits to the pharmacy industry, like reducing operational costs and streamlining workflow efficiency.

These shifts come at a turning point for the space, as leaders like Rite Aid, CVS, and Walgreens have made recent announcements to close more than 1,500 stores. This contributes to the rise of pharmacy deserts — any area located 10+ miles away from a pharmacy. More than 40% of US counties are now considered pharmacy deserts. 

Want to see more research? Join a demo of the CB Insights platform.

If you’re already a customer, log in here.

The post The digital pharmacy tech market map appeared first on CB Insights Research.

Threats to grid stability are escalating due to more extreme weather events and sophisticated cyber attacks. Increasing electricity demand due to data centers and electric vehicles exacerbates these challenges, while the global push toward sustainable — yet intermittent — power sources like solar and wind adds further complexities.

There is an urgent need for more power generation diversity and delivery system reliability, as exemplified by incidents like the 2021 Texas freeze and the 2022 California heatwave.

Want to see more research? Join a demo of the CB Insights platform.

If you’re already a customer, log in here.

The post The grid tech market map: The companies tackling the growing need for reliable electricity appeared first on CB Insights Research.

For instance, diseases that predominantly affect women, such as autoimmune diseases, have been slower to receive funding and research attention.

In recent years, a growing number of femtech startups have emerged to address the issues facing women’s health, and these startups are gaining substantial investment as a result.

Want to see more research? Join a demo of the CB Insights platform.

If you’re already a customer, log in here.

The post The femtech market map appeared first on CB Insights Research.

At the same time, rising fuel prices and a thinning labor force are pushing other industries like retail and pharma to favor privatized fleets that can better ensure timely delivery of goods to customers. For example, for Walmart, owning its fleet has been key to keeping prices down and ensuring products are in stock.

To successfully run a fleet, operators need to maintain high visibility into freight movement, optimize routes and schedules, and ensure compliance with driver regulations. They’re turning to tech solutions like transportation management and yard management systems to achieve this — as well as tech like AR/VR to train employees on skills like truck loading. 

Want to see more research? Join a demo of the CB Insights platform.

If you’re already a customer, log in here.

The post The trucking tech market map: The startups making fleets more efficient and connected appeared first on CB Insights Research.

Combating fraud to protect customers and complying with regulatory mandates are critical goals for retail banks.

Market descriptions

Bot management

Want to see more research? Join a demo of the CB Insights platform.

If you’re already a customer, log in here.

The post The retail banking fraud & compliance market map appeared first on CB Insights Research.

New possibilities have emerged thanks to the proliferation of satellite launches — with SpaceX alone conducting a record 98 launches during 2023 — combined with the affordability of drones and advancements in imaging technologies.

This progress opens opportunities for startups and incumbents, helping expand geospatial use cases and capabilities across industries like agriculture, automotive, construction, defense & national security, insurance, manufacturing, mining, oil & gas, and more.

Want to see more research? Join a demo of the CB Insights platform.

If you’re already a customer, log in here.

The post The satellite & geospatial tech market map appeared first on CB Insights Research.

While this has created a new level of accessibility for consumers, it has also led to spikes in drug shortages and counterfeit medicines. 

To combat these public health risks, regulations have been put in place to promote pharma supply chain traceability and safety. For example, the FDA announced that players along the supply chain must meet new Drug Supply Chain Security Act (DSCSA) standards by the end of 2024. This will require companies throughout the value chain to maintain and share electronic documentation regarding the chain of ownership for their products.

Want to see more research? Join a demo of the CB Insights platform.

If you’re already a customer, log in here.

The post The pharma supply chain tech market map appeared first on CB Insights Research.

B2C insurtechs use tech to distinguish their offerings from established B2C insurance companies in various ways, from gamifying wellness for policyholders to embedding insurance points of sale on third-party platforms.

Even so, the lines between B2C insurtechs and established insurance companies are increasingly blurred. Many B2C insurtechs partner with incumbents to sell insurance products, while others compete to sell insurance products to the same potential policyholders.

Want to see more research? Join a demo of the CB Insights platform.

If you’re already a customer, log in here.

The post The B2C US insurtech market map appeared first on CB Insights Research.

For instance, in training GPT-3, OpenAI relied primarily on a Common Crawl dataset containing 45TB of compressed plain text — several times the amount of text found in the Library of Congress. While OpenAI has not disclosed much information around how it trained GPT-4, it’s estimated GPT-4 uses 10x as many parameters as GPT-3.

Even as these models reach sizes of epic proportions, they’re running out of free internet text to train on. As free text becomes less of a competitive differentiator in the coming years, owning proprietary content sources will become all the more valuable.

Want to see more research? Join a demo of the CB Insights platform.

If you’re already a customer, log in here.

The post The AI training data market map appeared first on CB Insights Research.

Threats to company hardware — e.g., servers, chips, and hard drives — abound.

For example, some attackers are creating counterfeit hardware that companies are incorporating into their IT infrastructures. These devices often contain backdoors that can be exploited to access company systems. Attackers are also finding ways to modify existing devices to gain unauthorized access. Meanwhile, elements like outdated password practices and firmware-level exploits are introducing additional vulnerabilities.

These hardware attacks can be incredibly damaging.

Compromised hardware can undermine all other cybersecurity defenses in place, granting cybercriminals direct access to sensitive information. Hardware attacks can also allow attackers to gain direct control of a device and even those connected to it in some cases, putting entire systems at risk of infiltration and disruption.

Meanwhile, the risks facing company hardware are intensifying with the development of new technologies. For example, quantum computers could eventually become capable of cracking some types of encryption in a fraction of the time it would take a conventional computer — complicating everyday challenges like user verification, access control, handling data, and more.

As a result, companies are turning to hardware security solutions to protect their physical devices and prevent unauthorized access to enterprise systems.

In the market map below, we identify 144 hardware security vendors operating across 15 categories.

Want to see more research? Join a demo of the CB Insights platform.

If you’re already a customer, log in here.

Note: This map includes public companies, private startups, and exited companies that continue to operate independently. It is not intended to be exhaustive of the space and categories are not mutually exclusive.

Key takeaways

1. Hardware security markets are in varying stages of development. For example, post-quantum cryptography saw an influx of early-stage investment activity last year, while the hardware security modules market is dominated by more legacy firms.
2. More industries — from manufacturing to automotive — are embracing connected products, bringing internet of things (IoT) security front and center. Among highlighted markets, IoT security has seen the most equity deals over the past year (15 deals).
3. Access control is becoming more central to hardware security. Companies are increasingly moving IP assets and computing operations to the cloud, which is creating a new set of security challenges. Consequently, several different markets are now focused on managing user credentials and permissions for cloud applications to uphold hardware security — e.g., enterprise key management, passwordless authentication tools, and biometric identity.

Market descriptions

Enterprise key management

Want to see more research? Join a demo of the CB Insights platform.

If you’re already a customer, log in here.

The post The hardware security market map appeared first on CB Insights Research.

On the drug R&D front, pharma players are using the tech to design new drugs in a fraction of the time. For instance, Insilico Medicine has brought an AI-generated drug for idiopathic pulmonary fibrosis to Phase II human clinical trials — in about half the time it would take without AI. Startups here saw a flurry of exit activity in 2023 as incumbents race to get involved.

Meanwhile, in the hospital setting, genAI is helping summarize complex doctor-patient interactions, make EHR entries more precise, and enhance diagnostic imaging. Cloud giants like Microsoft and Amazon have announced clinical documentation services that allow providers to automatically create medical notes, while EHR leader Epic has partnered with Microsoft to integrate genAI tools into its EHR system. 

Want to see more research? Join a demo of the CB Insights platform.

If you’re already a customer, log in here.

The post The generative AI in healthcare market map appeared first on CB Insights Research.

Connected vehicle tech encompasses a wide range of solutions, from auto telematics to advanced driver assistance systems (ADAS). These solutions are capable of offering enhanced safety, improved efficiency for fleet operations and vehicle maintenance, and an enhanced user experience.

As the demand for connected vehicles continues to rise, the need for robust vehicle data privacy and security solutions will intensify. Additionally, the growth of this sector has spurred the development of software-defined vehicle platforms, fleet maintenance platforms, and connected vehicle data platforms.

Want to see more research? Join a demo of the CB Insights platform.

If you’re already a customer, log in here.

The post The connected vehicle tech market map appeared first on CB Insights Research.

To maintain a competitive edge, banking incumbents are turning to technologies that can help digitize their existing processes and offerings in ways that drive efficiencies, cut costs, and add new revenue streams.

In the back- and middle-office, this includes replacing or improving legacy systems with SaaS offerings, as well as leveraging APIs and AI/machine learning (ML) solutions to automate repetitive tasks like know your customer (KYC) approvals and mortgage application reviews.

Want to see more research? Join a demo of the CB Insights platform.

If you’re already a customer, log in here.

The post The core banking automation market map appeared first on CB Insights Research.

In 2022, the US P&C insurance industry saw its net loss ratio jump nearly 4 percentage points to the highest level in years, according to data from the National Association of Insurance Commissioners. And 2023 has seen major P&C insurers leave markets like California and Florida due primarily to natural catastrophe losses.

To help counter rising losses, insurance companies are turning to tech vendors to reduce operating expenses associated with claims. For instance, MAPFRE adopted Tractable’s solution for automated vehicle inspection, which leverages computer vision to automatically assess vehicle damage based on customer-submitted photos.

Want to see more research? Join a demo of the CB Insights platform.

If you’re already a customer, log in here.

The post The P&C claims tech stack market map appeared first on CB Insights Research.

A few key issues make them move much more slowly (and at a higher cost) than domestic payments: payment rails differ from country to country, complying with varying regulations is challenging, and not all banks have global relationships, introducing more intermediaries that slow down the process. (Not to mention that even time zone differences can delay a bank accepting a payment.)

Yet, consumers and businesses are transferring more money globally than ever. Cross-border payment flows, which are set to hit $190T in 2023, will near $290T by 2030, according to FXC Intelligence. 

Want to see more research? Join a demo of the CB Insights platform.

If you’re already a customer, log in here.

The post Cross-border payments market map appeared first on CB Insights Research.

Historically, uptake of reusable packaging has been slow due to logistical complexities, affordability, and worries about customer adoption. However, consumers are also ready for a switch: A 2023 pilot study conducted by the WWF found that one-third of consumers opt for reusable packaging when given the option. 

It’s important to note that for reusable packaging to actually be sustainable, companies need to ensure its return and reuse. For instance, plastic reusable packaging typically needs to be used 50+ times before its environmental impact outperforms paper packaging.

Want to see more research? Join a demo of the CB Insights platform.

If you’re already a customer, log in here.

The post The reusable e-commerce packaging value chain market map appeared first on CB Insights Research.

Research & development (R&D) productivity has steadily declined over the past century, which means businesses must spend more on R&D to keep technological advancement moving forward. The manufacturing sector alone accounts for over half of total R&D investment in the US, according to the National Science Foundation. 

However, an emerging set of technologies — ranging from augmented reality design tools to quantum computing simulations — offers manufacturers an opportunity to reduce costs and drive efficiencies in product design and development.

Want to see more research? Join a demo of the CB Insights platform.

If you’re already a customer, log in here.

The post The product design & development in advanced manufacturing market map appeared first on CB Insights Research.

For instance, a wave of auto OEMs have recently announced plans to adopt Tesla’s North America Charging Standard (NACS), indicating growing alignment across the industry and paving the way toward a more standardized and efficient charging network.

The industry is also benefiting from substantial government investment, such as the US federal government’s recent commitment of $5B to support states in deploying EV chargers in underserved communities. This is expected to help democratize access to EV charging infrastructure around the country.

Want to see more research? Join a demo of the CB Insights platform.

If you’re already a customer, log in here.

The post The electric vehicle charging tech market map appeared first on CB Insights Research.