Interesting Opportunities Artificial Intelligence Bring to the Area of IoT

The global artificial intelligence market is anticipated to demonstrate a positive trajectory of growth in the forthcoming years, according to a recent study by Transparency Market Research (TMR). Currently, the worldwide artificial intelligence market is steered by industry giants such as Microsoft Corporation, Next IT Corporation, IBM, Google Inc., QlikTech International AB and Nuance Communications. These enterprises are investing in developing business strategies along with mergers and acquisition pursuits with other established market vendors.

According to TMR, the global artificial intelligence market, with a high CAGR of 36.1%, is expected to reach a valuation of US$3,061.35 bn from US$126.24 bn in 2015 over the forecast duration, i.e. between 2016 and 2024. The deep learning segment is expected to be a leading segment, holding over 21.6% of the total market share.

The report classifies the report based on type such as embedded systems, expert systems, automated robotic systems, artificial neural networks, and digital assistance systems. Among these, the segment for expert systems is anticipated to emerge for as the dominant one over the forecast duration due to the surge in implementation of AI in various applications such as process control, its monitoring, design, diagnosis and management.

Geographically, North America is expected to be a significant market revenue holder, while currently responsible for 38.0% of the aggregate share. This is due to the vicinity of leading players being concentrated in the region, along with support from governments in the form of funding and acceptance of AI. The technology is being implemented in a number of applications such as consumer electronics, BFSI, advertising and media and retail, further contributing to the growth of this region.

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Demand from Automotive Sector to Offer Lucrative Market Opportunity

Artificial Intelligence is gaining popularity because of its perplexing, information driven applications, for instance, voice and picture acknowledgment. Artificial intelligence offers advantages of high information volumes, high figuring force, and change in information storage. Increasing self-driving vehicle market and developing venture into inquire about and improvement will bring about solid demand for artificial intelligence in the automotive industry. Swift growth in information storage capacity, parallelization high computing powers of the PCs have contributed to the fast track of artificial intelligence along with the technology of robotics in end-use industries like healthcare and automotive. Further, the need for understanding and analyzing visual contents, for gaining meaningful insights, is expected to provide traction to the industry over the coming years.

Surge in interest for driverless cars, unmanned aerial vehicles, common avionics for vehicle tracking and auto control are anticipated to fuel development in artificial intelligence market over the globe. Many organizations, for instance, Tesla Motors, Google, Apple etc., are predicted to dispatch their driverless autos by 2018. Besides, AI is evaluated to strongly affect human services progressions and prompt more precise medicines and counteractive action of therapeutic conditions.

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Future of Big Data: A Sequential Analysis of the Disruptive Technology’s Scope

Transparency Market Research has published a new research report on the global big data market. According to the report, the global big data market is expected to move from US$6.3 bn in 2012 to US$48.3 bn by 2018. The report, titled ‘Big Data Market – Global Scenario, Trends, Industry Analysis, Size, Share And Forecast 2012 – 2018’, states that the global big data market is predicted to expand at a 40.50% CAGR during the period from 2012 to 2018 due to the increasing number of applications of big data in the healthcare sector.

The global big data market is segmented on the basis of geography, application, product type, and component. Based on the component, the global big data market is classified into hardware, storage, and software and services. The software and services segment dominated the global big data market in 2012, accounting for more than 50% of the market owing to the rising demand for big data services and their improved functionality. The storage segment is expected to expand at a 45.30% CAGR during the period from 2012 to 2018. In the years to come, the storage segment is predicted to be the fastest growing segment due to the pace at which data is getting generated in the modern world.

By product type, the global big data market is divided into relational database management systems, Hadoop, structured query language, and existing database management systems. Hadoop technology is used by giants such as Facebook, LinkedIn, eBay, and Yahoo. Some of the applications of big data are telecommunications, financial services, retail, government, healthcare, media and entertainment, manufacturing, government, and others. In 2012, the government, financial, and healthcare segments collectively accounted for 55% of the total revenue. Expansion of the customer database is expected to allow financial institutes such as banks to take calculated and strategic business decisions, thereby propelling the global big data market.

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The healthcare segment has been playing a vital role in the development of the global big data market over the past few years. Efficiency in streamlining administrative procedures, providing cost benefits, and providing accurate data are some of the benefits contributing towards the growth of the application of big data in healthcare. The media and entertainment segment is predicted to expand at a 42.0% CAGR during the period from 2012 to 2018. Growth in data forms such as images, video, and games is expected to drive the media and entertainment segment during the forecast period.

By geography, the global big data market is divided into North America, Asia Pacific, Europe, and Rest of the World. In 2012, the global big data market was dominated by the North America big data market. North America accounted for 54.5% of the total market. On the other hand, Asia Pacific is predicted to present immense growth potential for the global big data market in the coming few years.

The global big data market is expected to be highly competitive, as the number of participants is expected to increase in coming few years. Some of the leading companies in the global big data market are Mu Sigma, IBM, Cloudera, Oracle Corporation, Hewlett-Packard Co. (HP), Opera Solutions, Teradata Corporation, Calpont Corporation, Splunk Inc., and others.

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Connected (Smart) Street Lights Market - Wireless Connectivity Segment to Display Augmented Share in Future

The global connected (smart) street lights market shows a substantially fragmented competitive landscape due to the presence of several players dominating the global market as analyzed by Transparency Market Research (TMR). The key players in the market are making constant efforts to improve and introduce new products in the market. The incidence of strong monetary gains with the presence of strong competitive landscape will assert to accomplish higher growth of connected (smart) street lights market in coming years. Some of the few players in the market are Silver Springs Network Inc., Acuity Brands Lighting Inc., EnGo PLANET, Twilight Citelum S.A., OSRAM Licht Group, Flashnet SRL, Dimonoff Inc., General Electric Co., Philips Lighting N.V., Schreder Group, Echelon Corporation, Toshiba Lighting, Led Roadway Lighting Ltd, and Telensa Ltd.

As per the analysis done by TMR, the connected (smart) street lights market is expected to show a significant rise in its valuation by reaching up to US$ 3.71 bn during the forecast period starting from 2017 to 2025. The market is also projected to show remarkable progress with a rising CAGR of 16.0% in the forecast period. On the basis of connectivity, wireless segment is anticipated to dominate the global connected (smart) street lights market. The main reason for this growth is technological developments that has given better quality of lighting by using wireless medium. Moreover, geographical significance for connected (smart) street lights market is seen in Europe holding the leading position. During the forecast period, Asia Pacific is projected to lead the market at 18.6% of CAGR on the basis of revenue.

Technological developments has undoubtedly boosted the demand for connected (smart) street lights market on the international level in last few years. It has enhanced the capacity of street lights, which is more efficient than the regular street lights. The never-ending demand for sustainable lighting solutions has led to significant growth for connected (smart) street lights across nations in both developed and developing regions. In addition, the development of smart cities across nations around the world has forced the government and companies to look forward to smart lighting solutions. As these smart lighting technologies helps in reducing carbon emissions, available at lower cost, and help increase overall efficiency.

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Lack of Favorable Environment to Restrain the Market from Growing

Apart from various factors supporting the need for connected (smart) street lights market there are certain restrains that hamper it growth during the forecast period. One of the major restrain is lack of favorable environment to use these technological advanced systems. Although developed countries are equipped to a certain degree but developing nations are still in the process to get fully advanced to use connected (smart) street lights. Companies also find it difficult to sell products in these markets. High operational cost is another obstacle seen in connected (smart) street lights market. However, this scenario is projected to change over the core of few years with changing rules and regulations, which will increase demand for connected (smart) street lights market.

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Energy Efficient Lighting Technology Market - Ability to Save Electricity Buoys Demand

Astute players in the global market for energy efficient lighting technology are focusing on developing sophisticated yet affordable environment-friendly, reliable lighting products to cater to the different requirements of customers. In fact, it has been noticed that already some companies are offering energy efficient lighting and control solutions with a variety of styles and functionalities that provide flexibility to design and business. In order to bolster their positions further, companies are also seen taking the inorganic route of mergers and acquisitions.

Some of prominent names operating in the global energy efficient lighting technology market are Apple Inc., Bajaj Electricals Ltd, Bridgelux Inc., Cooper Lighting, Cree Inc., Digital Lumens, Inc., Eaton Corporation, GE Lighting, LIGMAN Lighting Co., Ltd, Nichia Corporation, and OSRAM GmbH.

A report by Transparency Market Research forecasts the global energy efficient lighting technology market to attain a value of US$300 bn by 2025 by rising at CAGR of 7.9% during the forecast period from 2017 to 2025.

Depending upon the type of products, the key segments of the global energy efficient lighting technology market are incandescent lamp, light emitting diode (LED), arc lamp, and gas discharge lamps. Among them, the LEDs are predicted to rise at maximum pace on account of their soaring popularity resulting from their different customized shapes for both commercial and residential purpose.

Geographically, some of the main regions in the global energy efficient lighting technology market are Asia Pacific, Europe, South America, North America, and the Middle East and Africa. Of them, Asia Pacific is a key region in terms of contribution to overall revenue. This is because of the presence of a large number of manufacturers and the easy availability of raw materials in the region, which makes it possible to reduce costs and manufacture affordable products. The market in Asia Pacific is expected to retain its dominant position in the near future by pulling a revenue of US$82.86 bn by 2025.

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Energy efficient lighting technology is a clutch of energy efficient equipment, effective controls, and design structure used for lighting purpose. Not only do they serve to bring down energy consumption, but also illuminate effectively. With electricity production being limited and pollution levels rising by the day, such advantages are majorly fuelling demand in the global energy efficient lighting technology market.

Mandates Egging Establishments to Adopt Energy Efficient Measures Boost Market

Mandates forcing residential, official, and commercial establishments to adopt energy efficient features and functionalities is also positively impacting the market. Further, emergence and popularity of smart buildings that use energy efficient lighting is stoking demand in the market too.

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Mixed Reality in Gaming Market - Personal End-use Vertical to Outshine Amongst All

The presence of a copious number of small and big players makes the mixed reality in gaming market fragmented, as per a recent market publication by Transparency Market Research (TMR). The market is foreseen to witness the entry of regional players leading to further fragmentation and stiff competition among players for greater market share. In this scenario, savvy players are pouring money into research and development to set up new facilities for innovation. These players are also vying for partnerships and alliances to tap into technological expertise and understand cultural preferences to develop games for regional markets. Collaboration of Microsoft with HP, Lenovo, Dell, and Acer to develop mixed reality headsets is a case in point.

Some of the key companies operating in the global mixed reality in gaming market are Canon Inc., Microsoft Corporation, Infinity Augmented Reality Inc., Seiko Epson Corporation, Lenovo Group Ltd., CCP hf,., Six Flags Entertainment Corporation, Osterhout Design Group, Dagri LLC, Magic Leap Inc., Recon Instrumnets Inc., Ubisoft Entertainment, HTC Corporation, Meta Company, and Samsung Electronics Co. Ltd.

As per estimates of a report by TMR, the global market for mixed reality in gaming is predicted to rise at a stellar 38.06% CAGR in terms of revenue for the forecast period from 2017 to 2025. At this rate, the market is estimated to be worth US$187.13 mn by the 2025 end. By component, mobile apps led the market in 2015 followed by software. In terms of application, entertainment segment is likely to hold the maximum share of the market over the forecast period. Vis-à-vis revenue, the personal end-use segment is predicted to lead the overall market through 2025. Geography-wise, North America is registered to be the most lucrative market for mixed reality in gaming powered by growth in the U.S. and Canada.

Demand for Immersive Virtual Gaming Experience Boosts Growth

At the forefront of driving the mixed reality in gaming market is unceasing growth of the gaming industry. The rising demand for mixed reality in video games among gaming geeks is likely to bode well for this market’s growth. The incorporation of mixed reality provides an immersive virtual environment and enables gamers to experience virtual reality on their gadgets. For example, the launch of Microsoft Hololens motion controllers and developer kits is serving to aid market players stimulate the development of mixed reality in gaming.

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The ceaseless adoption of smartphones equipped with mobile data is generally stoking demand for entertainment and informative apps. Gaming apps especially the ones that provide immersive virtual environment account for widespread demand among gaming enthusiasts.

Integration of Phenomenon in Theme Parks to Fuel Growth

Apart from this, increasing adoption of mixed reality in gaming technology in amusement parks and military training is likely to bode well for the market’s growth. Large theme parks in developed countries such as the U.S. are making hefty investments to integrate mixed reality in gaming technology to provide an immersive gaming experience. Brand name theme parks are also investing to design and develop mixed reality in gaming technology based theme parks.

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Synthetic Rubber to Remain Vital Component of Mining Hoses Market

The presence of a handful of large players in the global mining hoses market that hold key market share features a consolidated yet competitive vendor landscape, says a recent market study by Transparency Market Research (TMR). A noticeable trend observed among key players is focus for a diversified product portfolio by means of innovative technologies to up the ante against competitors. Topnotch players are also vying to tap growth opportunities in under-penetrated markets in the emerging economies of Asia Pacific.

Some of the prominent companies operating in the global mining hoses market are Trelleborg Group, Metso Corporation, Continental Group, Weir Group plc, Novaflex Group, TESS, Hose Solutions Inc., Eaton Corporation, Goodall, and ALFAGOMMA Spa among others.

As per estimates of the TMR report, the global mining hoses market is expected to expand at a CAGR of 7.30% during the 2017-2025 forecast period, for the market to present an opportunity worth US$483.4 mn by 2025.

Among the various transporting media segments, the slurry segment holds the leading share in the overall market. Synthetic rubber segment leads over natural rubber segment on the basis of material type in the mining hoses market. Geography-wise, Asia Pacific is a key revenue contributor to the global mining hoses market.

Driven by a number of favorable factors, the global mining hoses market is experiencing steadfast growth over the last couple of years. First and foremost, the global mining industry is witnessing a positive growth outlook after the recovery of the global economy post the economic recession of 2008-09. The surge in production of various minerals such as copper, iron, and gold to serve various end-use industries is acting in favor of the growth of the mining hoses market globally. Further, initiatives from several governments to revitalize the mining industry is indirectly benefitting the mining hoses market.

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Mining hoses find application in a number of intermediate processes during the mining of minerals. This includes heavy material handling and transportation of slurry or industrial water/alkali among others. Additionally, it is also used for the pumping of extremely abrasive materials from mining sites. To serve this, mining hoses are manufactured from high quality natural or synthetic rubber that are based on pressure, temperature, and dimensions that vary according to mining operations.

Booming Construction Sector in the U.S. Spurs Demand

The booming construction industry that heavily depends on industrial minerals is leading to an upsurge in the demand for mining hoses. For instance, in North America, the rising construction activities has fuelled the production of industrial minerals in prominent economies of the region such as the U.S. Furthermore, the construction sector in the U.S. is likely to display a strong demand for industrial diamond as mega plans are underway to repair existing highway system and build new ones where repair is not feasible.

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SCADA Market - Services Emerge as Lucrative Component Segment

The global market for SCADA water and wastewater management is highly competitive in nature and is projected to remain in the similar situation in the next few years, states a new market research study by Transparency Market Research. It is moderately consolidated in nature with a few number of players holding a major share of the market. The key players in the market are focusing on the expansion of the product portfolio, which is predicted to enhance the market penetration in the next few years. In addition to this, the rising number of mergers and acquisitions is projected to support the growth of the overall market in the coming few years. Some of the key players that are operating in the SCADA market for water and wastewater management are Yokogawa Electric Corporation, ABB Ltd., Schneider Electric, Emerson Electric Co., Rockwell Automation Inc., Eaton Corporation, Honeywell International Inc., Tesco Controls Inc., SCADAware, and Parasyn.

As per the market research study by Transparency Market Research, in 2015, the SCADA market for water and wastewater management was worth US$1,267.4 mn and is projected to reach a value of US$2,172.1 mn by the end of 2025. The market is likely to register a healthy 5.60% CAGR between 2015 and 2025.

The global market for SCADA for water and wastewater management has been categorized on the basis of geography into Europe, North America, Latin America, the Middle East and Africa, and Asia Pacific. Among these, North America is expected to account for a large share of the global market in the next few years. The increasing popularity of cloud-based SCADA is one of the major factors estimated to encourage the growth of this region in the next few years. Furthermore, Europe is projected to witness a healthy growth in the coming years. On the other hand, Asia Pacific is projected to register a strong growth rate in the next few years, thanks to the rising demand for employing efficient processes.

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On the basis of end use, the global market has been categorized into industrial and residential. The industrial segment has been further classified into food and beverages, chemical, pharmaceuticals, and others. The residential segment has been further segmented into private and government. As per the research study, the industrial segment is projected to account for a large share of the market in the coming few years. The rising contribution from the food and beverage segment is the key factor projected to enhance the growth of the overall market in the near future.

Technological Developments to Encourage Market Growth

The increasing demand for water and wastewater treatment is one of the major factors estimated to encourage the growth of the global SCADA market for waste and wastewater management in the next few years. The rising government investments and the technological advancements in this field are further projected to enhance the growth of the overall market in the coming few years. The key players in the market are focusing on developing economies, which is projected to enhance the growth of the market throughout the forecast period.

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