Technology & Media Archivi - Pagina 4 di 6

Integrated Workplace Management System Market 2023 | Industry Size and Forecast 2028

IMARC Group, a leading market research company, has recently releases report titled “Integrated Workplace Management System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the global integrated workplace management system market share, size, trends and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the integrated workplace management system market?

Report Attributes	Details
Growth rate (2023 to 2028)	CAGR of 14.1%
Base Year of the Analysis	2022
Forecast Period	2023-2028

What is integrated workplace management system?

An integrated workplace management (IWM) system stands for a next-generation solution adopted in the workplace for facility management (FM). It supports organizations by enhancing workplace resources, focusing on cost savings and real estate expenditure via corporate real estate management, and managing the portfolio, infrastructure, and assets. This system is primarily used for planning, analyzing the space utility data, and performing essential administrative tasks, like locating employees within an ample office space and assigning a place to new staff.

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What are the growth prospects and trends in the integrated workplace management system?

The elevating trend of automation in FM processes to boost business productivity by increasing efficiency, flexibility, transparency, and customer satisfaction is primarily driving the global integrated workplace management system market. Moreover, the growing adoption of digital solutions by the organizations over typical approaches for lease, project, space, asset, facility, and maintenance management is also catalyzing the market growth. Additionally, this system provides several benefits, like real-time tracking, recovery in case of disasters, energy conservation, and consolidation of data centers, thereby acting as another growth-inducing factor. Besides this, the integration of sensors, advanced analytics, and Software as a Service (SaaS) with IWM systems will further augment the market growth in the forecasted period.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Component:

Solution
- Real Estate and Lease Management
- Facilities and Space Management
- Asset and Maintenance Management
- Project Management
- Others
Services
- Professional Services
- Managed Services

Breakup by Deployment:

On-premises
Cloud-based

Breakup by Enterprise Size:

Large Enterprises
Small and Medium Enterprises

Breakup by End Use Industry:

Public Sector
IT and Telecom
Manufacturing
BFSI
Real Estate and Construction
Retail
Healthcare
Others

Breakup by Geography:

North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including:

Accruent (Fortive Corporation)
ARCHIBUS Inc
FM:Systems
FSI (FM Solutions) Limited
International Business Machines Corporation
iOFFICE
MRI Software LLC
Nuvolo
Oracle Corporation
SAP SE
Trimble Inc

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About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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India Artificial Intelligence Market 2023 | Industry Growth, Trends and Forecast 2028

IMARC Group, a leading market research company, has recently releases report titled “India Artificial Intelligence Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the ai industry in india market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the india artificial intelligence market?

Report Attributes	Details
Market Size in 2022	US$ 680.1 Million
Market Forecast in 2028	US$ 3,935.5 Million
Growth rate (2023 to 2028)	CAGR of 33.28%
Base Year of the Analysis	2022
Forecast Period	2023-2028

What is artificial intelligence?

Artificial intelligence (AI) represents the technological solution used for building smart machines capable of performing various tasks that require human intelligence. It aids in planning, learning, recognizing human-like speech, solving problems according to past experiences, etc. Artificial intelligence comprises hardware components, including a central processing unit (CPU), graphics processing unit (GPU), field-programmable gate array (FPGA), application-specific integrated circuits (ASIC), etc. It also has software components, such as deep learning, natural language processing (NLP), machine learning (ML), etc., that provide meaningful insights and process a large amount of data.

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What are the growth prospects and trends in the India artificial intelligence?

The escalating demand for AI-integrated systems, on account of the growing digitization in several sectors, including banking, financial services and insurance (BFSI), telecommunications, healthcare, automotive, etc., is among the key factors stimulating the India artificial intelligence market. Moreover, the expanding information technology (IT) industry and the rising usage of cloud-based applications are acting as significant growth-inducing factors. Besides this, numerous benefits offered by artificial intelligence-integrated systems, such as analysis of large amounts of data, improved consumer experience, extraction of insights regarding overall operational efficacy, etc., are bolstering the market growth. Furthermore, extensive R&D activities by key market players are propelling the market growth across the country. Apart from this, the widespread adoption of reliable cloud computing solutions is further augmenting the market growth. Additionally, the increasing popularity of AI-powered industrial and surgical robots, the development of intelligent virtual assistants, and continuous improvements in 5G infrastructures are anticipated to fuel the India artificial intelligence market over the forecasted period.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Type:

Narrow/Weak Artificial Intelligence
General/Strong Artificial Intelligence

Breakup by Offering:

Hardware
Software
Services

Breakup by Technology:

Machine Learning
Natural Language Processing
Context-Aware Computing
Computer Vision
Others

Breakup by System:

Intelligence Systems
Decision Support Processing
Hybrid Systems
Fuzzy Systems

Breakup by End-Use Industry:

Healthcare
Manufacturing
Automotive
Agriculture
Retail
Security
Human Resources
Marketing
Financial Services
Transportation and Logistics
Others

Breakup by Geography:

North India
West and Central India
South India
East India

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

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Smart Retail Market 2023 | Industry Share, Statistics and Forecast 2028

According to the latest report by IMARC Group, titled, “Smart Retail Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the global smart retail market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the smart retail market?

Report Attributes	Details
Market Size in 2022	US$ 31.2 Billion
Market Forecast in 2028	US$ 118.82 Billion
Growth rate (2023 to 2028)	CAGR of 24.90%
Base Year of the Analysis	2022
Forecast Period	2023-2028

What is smart retail?

Smart retail uses smart technologies designed to provide the consumer with an excellent, quick, safe, and smart shopping experience through data-driven solutions to improve operations and optimize numerous processes within the retail industry. It involves the integration of advanced technologies such as the Internet of Things (IoT), big data analytics, and automation to establish a seamless and personalized shopping environment. It comprises customized recommendations, self-checkout systems, interactive digital signage, inventory management systems, retail robots, real-time inventory, smart carts, and smart shelves. In addition, it enhances customer engagement and efficiency, tracks assets, improves supply chain management, and offers automated checkout and decision-making in the retail sector, ultimately providing consumers with a convenient and customized shopping experience. Consequently, smart retail is gaining immense popularity in supermarkets, hypermarkets, and specialty and department stores across the globe.

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What are the growth prospects and trends in the smart retail industry?

The market is primarily driven by the significant expansion in the retail sector. Additionally, the recent onset of the coronavirus disease (COVID-19) pandemic led to the escalating demand for online shopping alternatives, contactless experiences, and effective supply chain management, thus contributing to market growth. In line with this, smart retail technologies offer convenience, personalization, and seamless shopping experiences that align with consumer expectations with several features, such as mobile payments and self-checkout options, which is also influencing market growth. Moreover, several technological advancements and integration of virtual reality (VR), artificial intelligence (AI), blockchain, machine learning (ML), and augmented reality (AR) to improve the consumer experience, facilitate accurate inventory management, and enhance store operations represent another major growth-inducing factor. Besides this, the growing environmental awareness led to the adoption of energy-efficient technologies to address packaging waste, promote eco-friendly products, and integrate sustainable practices into their operations. Apart from this, the smart retail market is growing at different rates in numerous regions, with North America being the largest market due to several technological advancements, the widespread adoption of digital technology in every application, and the increasing application of smart retail solutions in intelligent dressing mirrors, reception robots, big data analytics, and shopping guide robots across the region. Moreover, the industry is expected to face competition in the upcoming years as numerous key players are implementing competitive strategies to sustain their presence in the market. For instance, Vivo, a mobile producer, introduced Vivo Smart Retail to help retailers see the demand for smartphones using smart retail networks in India. Furthermore, the extensive use of smart retail by small and medium enterprises (SMEs) and the shifting individual preference toward digital payments such as credit cards, prepaid cards, debit cards, and electronic wallets are creating a positive market outlook.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Offering:

Hardware
RFID Tags and Labels
Scanner/Readers
Mobile Computers
Point of Sale (POS) Terminals
Others
Software
Retail Management Software
POS Software
Inventory Management
Others
Services
Integration and Deployment Services
Consulting Services
Support and Maintenance Services

Breakup by Retailer Size:

Small and Mid-sized Retailers
Large Retailers

Breakup by Application:

Visual Marketing
Smart Label
Smart Payment System
Intelligent System
Others

Breakup by End User:

Supermarkets
Hypermarkets
Specialty Stores
Department Stores
Others

Breakup by Region:

North America
Asia-Pacific
Europe
Latin America
Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including:

Adroit Worldwide Media Inc.
com Inc.
Cisco Systems Inc.
Google LLC (Alphabet Inc.)
Honeywell International Inc.
Ingenico
Intel Corporation
NCR Corporation
NVIDIA Corporation
NXP Semiconductors N.V.
PTC
Samsung Electronics Co. Ltd.
Zippin

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Cloud Telephony Service Market 2023 | Industry Statistics and Forecast 2028

According to the latest report by IMARC Group, titled, “Cloud Telephony Service Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the global cloud telephony service market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the cloud telephony service market?

Report Attributes	Details
Market Size in 2022	US$ 20.23 Billion
Market Forecast in 2028	US$ 34.72 Billion
Growth rate (2023 to 2028)	CAGR of 9.25%
Base Year of the Analysis	2022
Forecast Period	2023-2028

What is cloud telephony service?

Cloud telephony, or cloud calling, is a telecommunications technology that allows corporations and individuals to conduct phone calls over the Internet, utilizing cloud-based servers instead of traditional telephone lines or on-site hardware. It minimizes the complexity and costs associated with maintaining traditional phone networks and offers scalability, allowing businesses to effortlessly add or remove phone lines and adjust their capacity as per their requirements. It also offers flexibility by allowing users to conduct and receive calls from any internet-connected device, including smartphones, tablets, laptops, or IP desk phones. Nowadays, cloud telephony services are widely adopted in telecom, government, retail, media and entertainment, information and technology (IT), banking, financial services, and information (BFSI) sectors across the globe.

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What are the growth prospects and trends in the cloud telephony service industry?

The market is primarily driven by the rising demand for effective connectivity. In addition, the cloud telephony service allows business-to-business communication using internet connectivity and replaces the conventional phone line system, which is increasing its application in small and medium enterprises (SMEs), thus contributing to the market growth. It also offers several advantages: scalability, flexibility, and cost-effectiveness. In line with this, the rising demand for cloud telephony services to order food online, book cabs, call banks, or OTP calls is also influencing the market growth. Moreover, the widespread adoption of cloud telephony services in the education sector for admissions, student services, and remote learning due to the growing number of schools and applicants represents another major growth-inducing factor. Besides this, various technological advancements in public switched telephone networks (PSTNs) and the extensive use of cloud telephony services in call centers to enhance efficiency through features such as automatic call distribution, call queuing, and call recording is accelerating the market growth. Along with this, the significant expansion in the hospitality and travel industry led to the deployment of cloud telephony services for managing reservations, guest inquiries, and customer support, thus propelling the market growth. Apart from this, the cloud telephony service market is growing at different rates in numerous regions, with North America being the largest market due to the widespread adoption of hosted cloud telephony services by corporations for numerous business-related activities, increasing cloud-based solutions and remote working models across the region. Moreover, the industry is expected to face competition in the upcoming years as numerous key players are implementing competitive strategies to sustain their presence in the market. For instance, in December 2020, Tata Tele business services introduced a cloud-based communication solution customized for corporations that provide hybrid connectivity between employees, customers, and vendors across various platforms and incorporates features such as intelligent call routing, API incorporation, call sentiment analysis, and text-to-voice conversion with the scalability and built-in security, eliminating the need for additional capital expenditure.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Network:

Public Switched Telephone Networks (PSTNs)
Voice over Internet Protocol (VoIP)

Breakup by Deployment Mode:

Cloud
Hosted

Breakup by Enterprise Size:

Small and Medium-Sized Enterprises (SMEs)
Large Enterprises

Breakup by Application:

Conferencing
Multi-level IVR
Sales and Marketing
Customer Relationship Management (CRM)

Breakup by End User:

BFSI
Government
Telecom and IT
Healthcare
Media and Entertainment
Retail
Others

Breakup by Region:

North America
Asia-Pacific
Europe
Latin America
Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including:

8×8 Inc.
AVOXI Inc.
Cisco Systems Inc.
Dialpad Inc.
Exotel Techcom Pvt. Ltd.
Go 2 Market India Pvt. Ltd.
LeadNXT
Nextiva
NFON AG
Tripudio Ltd.

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Childcare Management Software Market 2023 | Industry Statistics and Forecast 2028

According to the latest report by IMARC Group, titled, “Childcare Management Software Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the global childcare management software market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the childcare management software market?

Report Attributes	Details
Market Size in 2022	US$ 177.1 Million
Market Forecast in 2028	US$ 278.2 Million
Growth rate (2023 to 2028)	CAGR of 8.00%
Base Year of the Analysis	2022
Forecast Period	2023-2028

What is childcare management software?

Childcare management software refer to the programs utilized to organize the everyday tasks of pre-schools, childcare centers, families, and enterprises to streamline work and personal life while conserving time. They include an assortment of management and accounting solutions that aid in the scheduling of lessons, management of health records of children, and monitoring attendance and fee payments. Childcare management software also incorporate a built-in messaging system to enable smooth communication between parents and staff. They retain and manage information related to children and families to boost staff productivity. When linked to another system, childcare management software can be conveniently accessed on local computers or mobile devices. In addition to this, these tools allow parents to connect remotely with their children in care centers, enabling them to observe their kids’ classroom activities. As a result, childcare management software have gained substantial popularity among parents and daycare centers.

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What are the growth prospects and trends in the childcare management software industry?

The increasing establishment of play schools and daycare centers and the extensive utilization of these tools in such institutions to automate administrative responsibilities, including admissions, reporting, and billing, are primarily driving the childcare management software market. Besides this, the ongoing strategic collaborations between governments and businesses to enhance parental oversight, owing to the rising concerns about the safety of kids, particularly among young parents, are further augmenting the market growth. Moreover, the incorporation of social media and customer relationship management (CRM) tools with childcare management software to improve consumer service and communication is also catalyzing the global market. Apart from this, the elevating focus on customer-centric solutions, operational efficiency, and constant client engagement is acting as another significant growth-inducing factor. Furthermore, the accessibility provided by these tools via consumer electronics, such as laptops, notepads, and smartphones, is expected to bolster the childcare management software market in the coming years.

What is included in market segmentation?

The report has segmented the market into the following categories:

Solution Insights:

Family and Child Data Management
Attendance Tracker
Accounting
Time and Activity Management
Nutrition Management
Others

Deployment Insights:

On-premises
Cloud-based

End User Insights:

Education Providers
Drop-in Daycare Providers
Parents

Breakup by Region:

North America
Asia-Pacific
Europe
Latin America
Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including:

Bloomz Inc.
Eleyo
Enrollsy Inc.
EZ ChildTrack
Himama
Illumine Labs Pvt. Ltd.
Jackrabbit Technologies Inc.
Kangarootime
Kidcheck
Kindertales
Kindyhub
LifeCubby (Excelligence Learning Corporation)
Procare Software LLC
Softerware Inc.
Vanco Payment Solutions Inc. (Veracity Payment Solutions), etc.

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BPO Business Analytics Market Share 2023 | Industry Size, Growth and Forecast 2028

IMARC Group, a leading market research company, has recently releases report titled, “BPO Business Analytics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“ The study provides a detailed analysis of the industry, including the global BPO business analytics market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the BPO business analytics market?

Report Attributes	Details
Market Size in 2022	US$ 22.7 Billion
Market Forecast in 2028	US$ 72.0 Billion
Growth rate (2023 to 2028)	CAGR of 21.5%
Base Year of the Analysis	2022
Forecast Period	2023-2028

What is BPO business analytics?

Business analytics refers a set of technologies employed for solving business problems using data analysis, statistical models, and other quantitative methods. It involves iterative, methodical data exploration with structural analysis to evaluate and identify weaknesses in the current business processes. At present, it is widely utilized by business process outsourcing (BPO) service providers for back and front-office operations, including payment processing, quality assurance, marketing and customer relations, to achieve higher efficiency, assist decision-making, lower costs, and global expansion.

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What are the growth prospects and trends in the BPO business analytics industry?

The increasing adoption of cloud-based BPO services on account of their high flexibility and agility in various applications, such as finance and accounting, human resources, knowledge process outsourcing, procurement and supply chain, and customer services, represents one of the key factors positively influencing the market. In addition, the widespread integration of advanced technological solutions, such as artificial intelligence (AI) and machine learning (ML), in business processes is catalyzing the demand for business analytics to manage large volumes and complexity of data sets. This, in confluence with the rise in deployment of cloud-based solutions across small and medium enterprises (SMEs), is propelling the market growth across the globe. Apart from this, the increasing application of business analytics in the banking, financial services and insurance (BFSI), healthcare, manufacturing, transportation and logistics, and retail industries is driving the market worldwide.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Offering:

Software
Services

Breakup by Deployment Type:

Cloud-based
On-premises

Breakup by Application:

Finance & Accounting
Human Resources
Knowledge Process Outsourcing
Procurement & Supply Chain
Customer Services
Others

Breakup by Vertical:

BFSI
IT and Telecommunication
Healthcare
Manufacturing
Retail
Transportation and Logistics
Others

Breakup by Region:

North America
Asia-Pacific
Europe
Latin America
Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including:

Accenture PLC
Capgemini SE
Cognizant Technology Solutions
Exlservice Holdings Inc.
Genpact Limited
International Business Machines Corporation
Infosys Limited
Mu Sigma Inc.
NTT DATA Corporation (Nippon Telegraph and Telephone)
TATA Consultancy Services Limited (Tata Sons Private Limited)
Tech Mahindra Limited (Mahindra Group)
Wipro Limited
WNS Global Services.

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Explosive Trace Detection (ETD) Market 2023 | Industry Trends and Forecast 2028

IMARC Group, a leading market research company, has recently releases report titled, “Explosive Trace Detection (ETD) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The study provides a detailed analysis of the industry, including the global explosive trace detection (ETD) market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the explosive trace detection market?

Report Attributes	Details
Market Size in 2022	US$ 2.1 Billion
Market Forecast in 2028	US$ 4.1 Billion
Growth rate (2023 to 2028)	CAGR of 11.60%
Base Year of the Analysis	2022
Forecast Period	2023-2028

What is explosive trace detection?

Explosive Trace Detection (ETD) represents a technology used to detect the presence of minute traces of explosive substances that may pose a threat. They are characterized by heightened sensitivity to notice extremely low levels of explosive residue and enhanced selectivity to distinguish between different types of explosives and non-explosive substances. ETD systems are non-invasive devices that work by non-contact sampling and rapid detection, thereby facilitating efficient screening in high-traffic areas. They can be utilized with other security measures, including X-ray scanners, metal detectors, and canine teams, thereby minimizing the risk of damage or compromising the integrity of tested items and providing better output.

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What are the growth prospects and trends in the explosive trace detection industry?

The rising need for enhancing safety standards in critical infrastructure, such as government buildings and public gathering spaces, on account of the increasing threats of terrorism, mob attacks, insurgence, and geopolitical tensions, is among the key factors driving the explosive trace detection (ETD) market. Moreover, the implementation of strict security regulations in the aviation industry to protect passengers and prevent potential terrorist attacks is resulting in large-scale product deployment in airports, which is also stimulating the market growth. Besides this, the growing number of measures by the government bodies of numerous countries to detect and prevent the smuggling of explosives or other dangerous materials is acting as another significant growth-inducing factor. Furthermore, continuous product innovations with enhanced sample collection features, analysis techniques, and data interpretation software are further propelling the global market. Apart from this, growing urbanization levels and increasing cross-border trade are positively influencing the market growth. Additionally, the introduction of improvised explosive devices (IEDs) and extensive research and development (R&D) activities by key players are anticipated to fuel the explosive trace detection (ETD) market over the forecasted period.

What is included in market segmentation?

The report has segmented the market into the following categories:

Product Insights:

Handheld
Vehicle-Mounted
Others

Technology Insights:

Colorimetrics
Ion Mobility Spectrometry
Thermo-Redox
Chemiluminescence
Amplifying Fluorescent Polymer
Others

Application Insights:

Military and Defense
Transportation and Logistics
Public Safety and Law Enforcement
Commercial
Others

Breakup by Region:

North America
Asia-Pacific
Europe
Latin America
Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including:

Autoclear LLC
Bruker Corporation
DetectaChem LLC
Leidos Holdings Inc.
Nuctech Company Limited
Smiths Detection Group Inc
Teledyne FLIR LLC
Westminster International Ltd., etc.

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Smart Grid Sensors Market 2023 | Industry Size, Trends and Forecast 2028

IMARC Group, a leading market research company, has recently releases report titled, “Smart Grid Sensors Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The study provides a detailed analysis of the industry, including the global smart grid sensors market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the smart grid sensors market?

Report Attributes	Details
Market Size in 2022	US$ 339.7 Million
Market Forecast in 2028	US$ 885.6 Million
Growth rate (2023 to 2028)	CAGR of 14.09%
Base Year of the Analysis	2022
Forecast Period	2023-2028

What is smart grid sensors?

Smart grid sensors represent devices that are deployed within a smart grid infrastructure to monitor and manage numerous aspects of the electrical grid. They are equipped with real-time data collection, wireless or wired communication, information storage, and advanced analytics capabilities. Smart grid sensors are small and lightweight nodes that enable utilities to monitor and manage the grid more efficiently, improve reliability, detect and respond to issues promptly, and enhance overall grid performance. As a result, these devices are widely used in advanced metering infrastructure, grid distribution management, supervisory control and data acquisition, and smart energy meters.

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What are the growth prospects and trends in the smart grid sensors industry?

The escalating demand for energy and the rising focus on power quality are among the key factors driving the smart grid sensors market. Moreover, the widespread adoption of these devices, which optimize distribution, ensure reliable electricity supply, address power quality issues, and provide accurate and real-time data on voltage and current, is also stimulating the market growth. Besides this, the inflating usage of the product in renewable energy sources, including solar and wind power, is acting as another significant growth-inducing factor. Furthermore, the increasing investments in smart grid technologies by several countries to upgrade aging power infrastructure are further propelling the global market. Apart from this, the launch of advanced sensors that offer improved accuracy, reliability, and cost-effectiveness is positively influencing the market growth. Additionally, the growing popularity of the product for early fault detection, quick response to grid disturbances, and predictive maintenance, thereby enhancing grid resilience and reliability, on account of the extreme weather events and the threat of cyberattacks, is anticipated to fuel the smart grid sensors market over the forecasted period.

What is included in market segmentation?

The report has segmented the market into the following categories:

Sensor Insights:

Voltage and Temperature Sensors
Outage Detection
Others

Application Insights:

Advanced Metering Infrastructure
Smart Grid Distribution Management
Supervisory Control and Data Acquisition
Smart Energy Meter
Others

Breakup by Region:

North America
Asia-Pacific
Europe
Latin America
Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including:

Aclara Technologies LLC (Hubbell Incorporated)
Eaton Corporation plc
GIPRO GmbH
Itron Inc.
Landis+Gyr AG
S & C Electric Company
Schneider Electric SE
Sentient Energy Inc. (Koch Engineered Solutions), etc.

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Cloud AI Market 2023 | Industry Trends, Size, Growth and Forecast 2028

IMARC Group, a leading market research company, has recently releases report titled, “Cloud AI Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The study provides a detailed analysis of the industry, including the global cloud AI market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the cloud AI market?

Report Attributes	Details
Market Size in 2022	US$ 41.01 Billion
Market Forecast in 2028	US$ 292.34 Billion
Growth rate (2023 to 2028)	CAGR of 39.00%
Base Year of the Analysis	2022
Forecast Period	2023-2028

What is cloud AI?

Cloud artificial intelligence or cloud AI refers to the usage of cloud computing infrastructure to deliver AI capabilities to businesses. This approach enables access to a range of technologies, including machine learning (ML), neural networks, natural language processing (NLP), deep learning (DL), picture and speech recognition, big data analytics, and computer vision. Cloud AI is used in various domains, such as drug discovery, virtual health assistance, imaging analysis, fraud detection, personalized recommendations, customer service, risk assessment, algorithmic trading, predictive maintenance, and quality control. This technology is known for its cost-effectiveness, high efficiency, and scalability, offering easy access, rapid deployment, robust infrastructure, high security, continuous updates, and cutting-edge AI capabilities. Cloud AI facilitates collaboration among stakeholders, optimizes resource management, reduces operational costs, and enhances overall efficiency. Consequently, it finds extensive utilization across numerous sectors, including healthcare, pharmaceuticals, manufacturing, telecommunications, transportation, banking, etc.

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What are the growth prospects and trends in the cloud AI industry?

The cloud AI market is primarily driven by the rising need for AI capabilities across industries to streamline operations, optimize supply chains, save time, expedite product development, automate processes, reduce manual labor, and improve decision-making. Additionally, the shifting preferences toward cloud-based services and applications owing to their cost-effectiveness, scalability, and accessibility are further fueling the market growth. Moreover, the rapid proliferation of Internet of Things (IoT) devices contributing to the demand for cloud AI as it enables the analysis of vast data volumes, extraction of valuable insights, and generation of actionable outcomes is acting as another significant growth-inducing factor. Apart from this, the emerging trend of integrating automated machine learning (AutoML), generative AI, and federated learning, which enhance collaboration, ensure data privacy, and simplify processes, is also positively influencing the market growth. Furthermore, the expanding employment of cloud AI in drug discovery, patient data analysis, and clinical decisions and the implementation of supportive government policies to encourage the adoption of AI-based solutions in traffic management, public safety, citizen services, and resource optimization are expected to fuel the cloud AI market in the coming years.

What is included in market segmentation?

The report has segmented the market into the following categories:

Type Insights:

Solution
Services

Technology Insights:

Deep Learning
Machine Learning
Natural Language Processing
Others

Vertical Insights:

Healthcare
Retail
BFSI
IT and Telecommunication
Government
Manufacturing
Automotive and Transportation
Others

Breakup by Region:

North America
Asia-Pacific
Europe
Latin America
Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including:

Ai H2o Inc.
Amazon Web Services Inc.
Cloudminds Technology Inc.
Google LLC
International Business Machines Corporation
Microsoft Corporation
Oracle Corporation
Qlik Technologies Inc.
Salesforce Inc.
SoundHound Inc.
Verint Systems Inc.
Wipro Limited, etc.

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CAD in Industrial Machinery Market 2023 | Industry Size and Forecast 2028

IMARC Group, a leading market research company, has recently releases report titled, “CAD in Industrial Machinery Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The study provides a detailed analysis of the industry, including the global CAD in industrial machinery market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the CAD in industrial machinery market?

Report Attributes	Details
Market Size in 2022	US$ 9.4 Billion
Market Forecast in 2028	US$ 13.4 Billion
Growth rate (2023 to 2028)	CAGR of 6.05%
Base Year of the Analysis	2022
Forecast Period	2023-2028

What is CAD in industrial machinery?

Computer-aided design (CAD) holds significant importance in the realm of industrial machinery. Its usage allows engineers and designers to conceive, modify, and refine designs in a digital environment, facilitating visualization and exploration of several design alternatives and iterations. CAD software provides an array of features and tools that aid in the creation of intricate geometries, precise measurements, and accurate simulations. It enables the generation of meticulous and comprehensive two- and three-dimensional (2 or 3D) models of machinery components, assemblies, and systems. CAD facilitates virtual simulations and analyses, such as stress analysis, motion analysis, and fluid flow simulations, through which potential issues can be identified, machinery performance can be evaluated, and design optimization can be achieved without physical prototypes. It improves productivity, reduces costs, and enhances the quality, functionality, performance, and manufacturability of machinery. Consequently, CAD finds extensive utilization in the automotive, aerospace, and manufacturing sector across countries.

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What are the growth prospects and trends in the CAD in industrial machinery industry?

The CAD in industrial machinery market growth is driven by the growing adoption of digitalization and automation in the industrial machinery segment as part of the fourth industrial revolution (Industry 4.0). Furthermore, the elevating emphasis on product customization and designing complex and customized machinery components and systems tailored to specific customer requirements is acting as another significant growth-inducing factor. Apart from this, the market is further propelled by the need to meet various regulatory standards and certifications and the rising demand for cost-effective, energy-efficient, and sustainable equipment. Additionally, the increasing requirement for rapid prototyping, enabling faster time-to-market for industrial machinery during the product development cycle, and the escalating technological advancements, such as cloud-based CAD software and the integration of other software applications, including product lifecycle management (PLM) and computer-aided manufacturing (CAM) systems are also positively influencing the global market. Moreover, the expanding adoption of 3D printing in industrial machinery is expected to fuel the computer-aided design CAD in industrial machinery market in the coming years.

What is included in market segmentation?

The report has segmented the market into the following categories:

Product Insights:

Application Insights:

Special Purpose Machines
Production Equipment
Earth Moving Machinery
Printing/Packaging Machinery
Industrial Goods and Equipment
Automation and Robotics
Others

Breakup by Region:

North America
Asia-Pacific
Europe
Latin America
Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including:

Autodesk Inc.
Bontex Srl
Bricsys NV (Hexagon)
Browzwear Solutions Pte. Ltd.
CAD International
Dassault Systemes
Graebert GmbH
Lectra
PTC Inc.
Siemens Aktiengesellschaft, etc.

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