Telecom API Market Region, Type and End-use Industry 2020 – 2030

The global telecom API market is anticipated to reach ~US$ 1 Trn by 2030. The telecom API market is projected to expand at a CAGR of ~19% from 2020 to 2030 based on revenue. According to the report, North America was a significant contributor to the telecom API market in terms of revenue in 2019. The prominent market share of the region is due to the high adoption of telecom APIs, and increasing adoption of 5G, especially in the U.S. and Canada. The telecom API market in Asia Pacific is expected to expand at a high CAGR during the forecast period.

Expansion of Mobile Internet Networks and Advent of 5G Driving Telecom API Market

Advent of 5G technologies is expected to boost the telecom API market during the forecast period. According to GSMA, 5G connections are expected to reach 1.8 billion by 2025. As per the TMR analysis, at present, mobile 5G is available from 46 operators in 24 markets across the globe. Additionally, around 79 operators across the globe are planning to launch 5G mobile services during the forecast period. The increasing adoption of mobile internet and cloud computing is expected to boost the use of mobile applications in the coming years.

According to the Cisco Visual Networking Index 2017-2022 report, the monthly global mobile data traffic is expected to rise at a CAGR of around 46% from 2017 to 2022 and is anticipated to surpass 77.5 Exabytes by 2022. Voice over Internet Protocol (VoIP) and mobile video streaming are expected to contribute majority of mobile data traffic. According GSMA Intelligence, unique mobile subscribers are expected to reach 5.8 billion by 2025 from 5.2 billion in 2019, at a CAGR of 1.9%. Mobile Internet users are expected to reach 5 billion by 2025, from 3.8 billion in 2019, at a CAGR of 4.6%. Sim connections are projected to reach 8.8 billion by 2025 from 8.0 billion in 2019.

Request PDF Sample@  

https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=5027

Telecom API: Market Segmentation

The global telecom API market has been segmented in terms of service type, end user, and region. Based on service type, the telecom API market has been classified into payment, SMS, MMS, and RCS, maps and location, voice/speech, identity management, WebRTC, and others (device information, Do not Disturb, etc.). The WebRTC segment dominated the global telecom API market in 2019 and is expected to maintain its dominance during the forecast period. Based on end user, the telecom API market has been categorized into enterprise developer, internal telecom developer, partner developer, and long tail developer. The enterprise developer segment is likely to account for leading share in the global telecom API market. The segment is expected to continue its dominance in the coming years.

Telecom API Market: Regional Outlook

In terms of region, the global telecom API market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is expected to dominate the telecom API market during the forecast period. The U.S. is expected to lead the North America telecom API market. The U.S. market is at the forefront in terms of adoption of 5G networks by telecom carriers. According to GSMA Intelligence, the penetration of 5G connections in North America is expected to reach 48% of the total connections by the end of 2025. The telecom API market in Asia Pacific is expected to expand at a high CAGR during the forecast period. The market in Middle East & Africa and South America is also projected to expand moderately over the forecast period.

The report provides in-depth segment analysis of the global telecom API market, thereby providing valuable insights at macro as well as micro levels. In-depth geographic analysis has also been included as part of the telecom API market.

Read More Press Release@  https://www.prnewswire.com/news-releases/automotive-rear-view-mirror-market-to-reach-us11-13-billion-by-2022--rising-sales-of-suvs-to-propel-demand-noted-tmr-300818441.htm

Telecom API Market: Competition Dynamics

The research study includes profiles of leading companies operating in the global telecom API market. Key players profiled in the report include AT&T, Inc., Cisco Systems, Inc., Orange S.A., Verizon Communications Inc., Google, LLC, Fortumo OU, Huawei Technologies Co., Ltd., LocationSmart, and Twilio, Inc.

Read More

POS Terminal Market Size, Trends And Upcoming Forecasts 2027

According to a new market report pertaining to the global POS terminal market published by Transparency Market Research, the global POS terminal market is projected to reach US$ 37.0 Bn by 2027. The POS terminal market is projected to expand at a CAGR of 12.8% from 2019 to 2027. Increasing demand of organizations in the area of real time user interaction, quick payment is driving the growth of the market.

• Rise in Demand for Mobile POS Terminals - Mobile point-of-sale (mPOS) refers to specialized wireless devices such as tablets and smartphones that are capable of functioning as an electronic point-of-sale terminal or cash register. The implementation of mPOS allows the sales and service industries to conduct financial transactions at any place, owing to mobility, improved customer experience, and saving of space. Furthermore, according to custom research by HP company, till 2018, 3% of enterprise merchants have fully deployed an mPOS solution, and 86% of companies are either currently in the process of implementing or are planning to implement mPOS in the next two years. Thus, the anticipated demand for mPOS is expected to drive the POS terminals market during the forecast period.
• Enhanced Customer Experience and Low Total Cost of Ownership (TCO) as Compared to Conventional Channels of Payment - Advanced POS technology competes with older point-of-sale systems such as PC cash drawers (PCCD) and cash registers. Retailers are seeking ways to update the legacy checkout systems in order to enhance customer service and operational efficiency. Retailers have realized that even a small cost reduction could lead to significant improvements in the bottom-line of their businesses. The advent of advanced payment technologies such as NFC and Europay, Master Card, and Visa (EMV) and an increase in the adoption of payment options such as debit and credit cards have played a role in boosting demand for POS terminals. Furthermore, many of the terminals currently installed do not have the capacity to be upgraded and will require replacement, which is likely to boost the market.

Request PDF Sample@  https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=458

 

POS Terminal Market: Market Taxonomy

The global POS terminal market has been segmented in terms of type, component, application and region. Based on type, the market has been segmented into Fixed POS Terminal and Wireless and Mobile POS Terminal.  Based on component, the market has been segmented into hardware, software and services. Software is further segmented into on-premise and cloud. Services has been further segmented into Integration, Implementation and Consulting.

Based on application, the market has been segmented into Restaurant, Hospitality, Healthcare, Retail, Warehouse / Distribution, Entertainment and Others {Field Service, Government, Transportation, etc.} By region, the global POS terminal market is divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America. Initially, vendors across the ecosystem of POS terminal were analyzed based on type of technology providers in the market.

POS Terminal Market: Regional Outlook

North America is expected to dominate the POS terminal market during the forecast period. Asia Pacific is expected to see increasing growth in the POS terminal market. The POS terminal market in Middle East & Africa, Europe, and South America is also expected to expand rapidly during the forecast period.

Read More Press Release@  https://www.prnewswire.com/news-releases/global-medication-dispensing-and-packaging-systems-market-to-grow-alongside-advancements-in-medical-delivery-practices--transparency-market-research-301076633.html ​​​​​​​

The report provides in-depth segment analysis of the global POS terminal market, thereby providing valuable insights at macro as well as micro levels. Analysis of major countries which hold growth opportunities or account for significant share has also been included as part of geographic analysis of the POS terminal market.

POS Terminal Market: Competition Dynamics

The research study includes profiles of leading companies operating in the global POS terminal market. Key players profiled in the report include Cisco Systems, Inc., Emerge Mobile (Pty) Ltd., Equinox Payments, LLC, Ingenico S.A., iVeri Payment Technologies (Pty) Ltd, Micros Systems, Inc., Miura Systems Ltd., NCR Corporation, Panasonic Corporation, Samsung Electronics Co., Ltd., Toshiba Corporation, Vectron Systems SA, Yoco Technologies (Pty) Ltd.

Read More

Application Lifecycle Management (ALM) Market Business Profile And Estimate To 2027

Transparency Market Research has released a new market report entitled " Application Lifecycle Management (ALM) Market [Component – Software (On-premises (Agile Centric ALM, Process Centric ALM), Cloud Based (Agile Centric ALM, Process Centric ALM)), Services (Consulting, Design & Integration, Maintenance & Migration); Enterprise Size – Small & Medium Enterprises and Large Enterprises; End-user - Automotive and Transportation, Manufacturing, Aerospace and Defense, BFSI, Energy and Utilities, Retail & E-commerce, Healthcare, IT and Telecom, Others (Education, Government, and Logistics)] – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2019 – 2027." According to this report, the global application lifecycle management (ALM) market revenue stood at US$ 2,887.4 Mn in 2019 and is expected to reach US$ 5,701.9 Mn by 2027, at a CAGR of 8.9% during the forecast period from 2019 to 2027.

Application Lifecycle Management (ALM) Market - Definition

Application lifecycle management (ALM) software is used to coordinate and manage different stages of software development. As a result, software can be designed, delivered, and deployed faster, reducing time to market. ALM solutions have been adopted by companies in various developed economies with a view to maintaining their business agility and flexibility, as ALM increases the business efficiency by creating and enforcing standards across all related project stages, and performing more appropriate allocation of human and technological resources. Also, increasing cloud-based ALM solutions are being adopted by enterprises around the globe.

This is due to the benefits offered by cloud-based implementation models, such as low upfront costs, hosted computing services without any investments in infrastructure, and increased scalability. The cloud-based ALM solutions segment is anticipated to grow the fastest, with an expected CAGR of 8.7% during the forecast period due to their ability to provide global access to information and processes in software development. The ALM services market is segmented into consulting, professional, operation, and maintenance. In 2019, global ALM services component revenue accounted for US$ 1,683.8 Mn, which is approximately 58.3% of the overall ALM market. In terms of enterprise size, revenue of small & medium enterprises accounted for US$ 1,556.2 Mn in 2019, and is expected to expand at a CAGR of 9.2% during the forecast period.

Request PDF Sample@  

https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=9257

The IT and telecom end-user segment acquired the majority share of the ALM market in the year 2019. It was also the fastest growing segment, projected to expand at a CAGR of 10.2% from 2019 to 2027. Rising technical as well as managerial challenges and variations in software with different standards in different regions have led to high adoption of ALM solutions among IT and telecom end-users.

In the future, the ALM market is expected to grow significantly in Asia Pacific due to fast technological development and population growth.

North America Application Lifecycle Management (ALM) Market

The U.S. is one of the biggest spenders in application lifecycle management (ALM) across the world. ALM market size of the U.S. is projected to reach US$ 1,356.9 Mn by 2027 at a CAGR of 8.9% during the forecast period. The North America application lifecycle management (ALM) market is expected to reach US$ 1,696.1 Mn by 2027 from US$ 684.7 Mn in 2019, rising at a rate CAGR of 9.2% during the forecast period. One of the key trends in the ALM market in North America is the adoption of Internet of Things (IoT) in ALMs. IoT has huge potential in developing economies, but is expected to have a higher overall value impact in advanced economies such as North America because of the higher value per use.

Key Growth Drivers of the Application Lifecycle Management (ALM) Market

• Rapid uptake of mobile devices, growth in number of browsers/platforms - Developing applications for multiple platforms involves many activities other than just code writing, which are referred to as DevOps (development + operations), or as ALM, throughout the application’s complete lifecycle. Activities include planning and tracking work, designing code, implementing, managing source code repository and continuous integration, running builds, testing, running various diagnostic forms in development and production areas, and monitoring the application performance and user behavior in real time.

Read More Press Release@  https://www.prnewswire.com/news-releases/rise-in-death-toll-due-to-covid-19-pandemic-to-boost-sales-in-global-disposable-face-mask-market-from-2020-to-2030-tmr-301056580.html ​​​​​​​

• Need for greater efficiency across teams and increased engineering productivity - ALM enables project timelines management as well as project delivery. It ensures that every requirement has been mapped with software capability. ALM tests the performance of the software throughout its lifecycle. ALM supports individuals, teams, and institutions in their quest to scale up tester and developer productivity. Furthermore, it extends the software lifecycle.
• Aging systems development lifecycle (SDLC) infrastructure - The SDLC model is used in project management and involves various stages in a system development project, from the initial study to the maintenance of the completed application. SDLC consists of a detailed plan that describes how the development, maintenance, and replacement of specific software is conducted. Complete structure of the software development process reduces the development time of the software. ALM helps to reduce time taken for the software development process which helps to increase the profitability of the company.

Key Challenges Faced by Application Lifecycle Management (ALM) Market Players

• The contribution of SMEs to the global economy is highly significant. A major section of SMEs consider traditional ALM solutions as rigid processes with high installation cost.
• Mid-sized enterprises are aware of the importance of ALM, but reluctant to implement it due to limited IT resources. Moreover, any change in standard operating procedures (SOPs) also leads to the possibility of disturbance to current users. Developers within an organization have been forced to use many tools for the management of agile projects.
• Therefore, demand for next-generation ALM tools is increasing, given that they are anticipated to be lighter, leaner, and focused on specific best practices in order to increase efficiency.

Read More

Testing, Inspection and Certification Market 2027 by Growth Factors, Applications, Regional Analysis, Key Players

According to a new market research report published by Transparency Market Research entitled “Global Testing, Inspection and Certification Market [By Service Type – Testing & Inspection and Certification; By Sourcing Type – In-house Sourcing and Outsourcing; By Industry –Infrastructure & Construction, Transformational & Contract Manufacturing, Food & Beverages, Agriculture & Forest, Information Technologies, Chemical, Healthcare & Pharmaceutical, Transportation & Logistics, Travel & Tourism, Energy & Utilities, Water & Wastewater Management, Government, Education, Textile, Cosmetics and Others]  – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2020 - 2027,” the global testing, inspection and certification market is projected to reach US$ 367,336.4 Mn by 2027. The market is expected to expand at a CAGR of 8.0% during the period from 2020 to 2027. Expanding testing, inspection and certification in the emerging market is boosted by global trade, new infrastructure standards.

Europe dominates the testing, inspection and certification market with a market share of 33% in 2019. This is primarily due to continual introduction of new regulations such as energy efficiency in construction. Testing, inspection and certification services continue to gain traction in the Europe market due to rising focus on outsourcing. The Europe testing, inspection and certification market is primarily driven by factors such as increase in demand for modernization of water & wastewater, oil & gas, and power infrastructures. Moreover, changing eating preferences along with consumer health consciousness are driving the demand for food certification in Europe.

Testing, inspection, and certification services are aimed at providing assurance to the end users that the product is accredited with international and national regulations and industry standards pertaining to quality and safety. The testing, inspection, and certification market is dependent on a mix of international and local rules and regulations. The market is witnessing growth as a result of globalization, regulations getting stricter, and increasing focus on outsourcing. Developed countries often import food products from developing countries and the quality standards in these countries are very high.

Request PDF Sample@  

https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=5669

Therefore, manufacturers in order to export to developed countries have to strictly adhere to quality standards. Environmental safety is another area of concern for the manufacturers and they have to abide by stringent environmental standards. Industries are subjected to increasingly strict environmental regulations pertaining to emission, discharge, storage, and disposal of certain chemicals, gases and other substance.

Globally, testing and inspection segment held approximately 95% market share in the testing, inspection and certification market in 2019. This is primarily due to the growing focus on monitoring and maintaining hygienic, healthy and conducive environments along the supply chain in order to safeguard the safety and quality of products. Moreover, certification segment is expected to create huge opportunities for testing, inspection and certification market over the forecast period.

Outsourcing segment is anticipated to witness healthy growth in the testing, inspection and certification market over the forecast period. There is continuous increase in outsourcing of testing and inspection services in attempt to reduce cost. Rising levels of regulations make TIC services progressively costlier, as it requires more cost for in-house testing, is acting as major growth driver for testing, inspection and certification market. Apart from this, energy & utilities segment is also expected to witness lucrative growth opportunities during the forecast period.

Read More Press Release@  https://www.prnewswire.com/news-releases/global-medication-dispensing-and-packaging-systems-market-to-grow-alongside-advancements-in-medical-delivery-practices--transparency-market-research-301076633.html ​​​​​​​

This the result of new technology development and advancements in testing, inspection, and certification services for power grid management which in turn fueling the market growth. Apart from this, the provision of testing, inspection and certification services in the oil and gas sector includes various services across all stages of the lifecycle of oil and gas infrastructure starting from the feasibility to the de-commissioning stage. The oil and gas industry witnessed rapid outsourcing as a result of regulations becoming more stringent and widespread globally.

Read More

Pipeline Management Solutions Market by Global Trends, Business Growth, and Forecasts 2025

Pipeline management solutions encompass a wide spectrum of products and services for the design, maintenance, and monitoring of pipeline assets in oil and gas industry. These solutions are increasingly being adopted by industry players with an aim to enhancing operational efficiency and ensuring optimal performance of their infrastructures in day-to-day operations. The solutions may include supervisory control and data acquisition (SCADA) technology, which plays a key role in automation and security. In addition, these solutions help in maintaining integrity of pipeline operations and reduces the chances of leakage in pipelines spanning tens of thousands of miles. The application of IT software in pipeline management solutions is useful in mitigating cybersecurity threats that affects modern operations. The deployment of pipeline management solutions underpinned business intelligence tools help in decision making and help in timely resolution of emerging network issues in oil and gas processing facilities.

Modern integrated pipeline management solutions help end users meet the complex needs of hydrocarbon transportation operations and have a noteworthy bearing on cost-efficiency of operations.

The report offers in-depth and detailed insights into the key market dynamics, prominent segments, promising avenues, the prevailing regional and global regulatory landscape, and the competitive dynamics. The study offers elaborate assessment of emerging technologies, notable opportunities, and expected product innovations in major regions in the pipeline management solutions market during the forecast period of 2017–2025.

Request PDF Sample@  

https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=40220

Global Pipeline Management Solutions Market: Trends and Opportunities

Pipeline management solutions are increasingly gaining popularity in the oil and gas industry in numerous emerging and developed markets for reducing the total cost of ownership, ensuring minimal downtime, and improve operational reliability. World over, the pressing need for modernizing pipeline systems in the industry with an objective to bring operational efficiency and ensure cost-effective maintenance of pipelines assets is a key factor driving the market.

The widespread adoption of automated systems and technologies for boosting the optimal performance of oil and gas pipelines is also catalyzing the market’s growth. In addition, the need for addressing the variety of emerging security needs of modern pipelines in the oil and gas sector is bolstering the demand for robust and integrated pipeline management solutions.  Furthermore, the rising adoption of SCADA and advanced network technology in modern oil and gas pipelines is providing a sustained impetus to the growth of the market.

The advent of end-to-end solutions for meeting the complex needs of pipeline managements is likely to unlock promising prospects. The advent of scalable pipeline management solutions that helps in real-time management of pipeline operations among businesses, especially in emerging economies, is a significant development accentuating the growth of the market. Furthermore, the market is markedly benefitting from modern leak detection technologies by oil and gas companies in developing and developed regions.

Global Pipeline Management Solutions Market: Regional Outlook

The report offers comprehensive assessment of various regional markets, evaluates emerging opportunities in major regions, and highlights lucrative avenues. The factors affecting the market share of key regional markets are analyzed in the study. Some of the key regional markets for pipeline management solutions can be Europe, North America, Asia Pacific, Latin America, and the Middle East and Africa. Of these, North America and Europe could be lucrative markets. The rising adoption of SCADA and advanced network technologies across businesses in the oil and gas sector is fueling the growth of these regional markets. Meanwhile, Asia Pacific is expected to rise at an attractive pace over the forecast period.

Read More Press Release@  https://www.prnewswire.com/news-releases/power-semiconductor-market-to-touch-us54-88-bn-by-2025-due-to-rapid-adoption-of-wireless-technologies---tmr-300796491.html ​​​​​​​

Global Pipeline Management Solutions Market: Competitive Landscape

The research presents detailed insights into the profile of key players and the key strategies adopted by them to strengthen their positions in the market. The major technological advancements brought about by prominent players in major regions are also highlighted in the study. A number of players are entering into strategic collaborations with technology players and IT companies in order to bring innovative technologies to the fore, in a move to stay ahead of others. Prominent players operating in the pipeline management solutions market include Schneider Electric SE, Yokogawa Electric Corporation, and Emerson Electric.

Read More

Reconciliation Software Market 2020 Research Report- Global Forecast 2025

Reconciliation is an accounting method that uses process information and mathematical methods in order to endorse that numbers are accurate and in arrangement. It checks whether the amount leaving an account coordinates with the amount that has been consumed, confirming the two are balanced at the completion of the recording interval. Reconciliation software is equipped with various features that help in reducing risks, improving quality, and save time through automated operations. In addition, reconciliation software provides the ability to streamline reconciliation, eliminate paper checks, and enhance vendor payments. However, outmoded systems take time and require dedicated staff to manually review and match records with bank statements on a monthly or bi-monthly basis.

At present, new bank reconciliation software solutions such as Cashbook integrate with all major ERPs and banks to provide users with easy, mechanized bank account reconciliation. Automated reconciliation software often saves organizations around 50% of the time and resources previously dedicated to bank reconciliation.

The global reconciliation software market is witnessing strong growth owing to factors such as growing implementation of customer-centric banking solutions and growing requirement for standardized activities in banks. Additionally, rising demand for secure, cost-effective, and translucent transactions is also a key factor which is expected to drive the reconciliation software market in the coming years. Growing adoption of automated banking solutions due to high quality and reduced reconciliation time is supplementing the development of this market. However, rising security concerns regarding financial and personal information is anticipated to inhibit the growth of this market in the forthcoming years. In addition, high cost associated with the implementation of automated reconciliation systems is also a key element which is anticipated to limit the growth of the market.

Request PDF Sample@  

https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=37973

Growing adoption of online banking and mobile banking by consumers to perform different financial transactions through tablets and smartphones is anticipated to create immense opportunities for the development of this market. In addition, growing requirement for error-free and fast financial calculations is expected to fuel the demand for advanced solutions which is consequently driving the market growth. Furthermore, unceasingly growing demand for tech-powered and effective solutions to reduce compliance in the banking and financial services industry is also expected to propel the development of the reconciliation software market.

The global reconciliation software market can be bifurcated on the basis of industry and deployment type. By industry, the global reconciliation software market is bifurcated into banks and enterprises. On the basis of deployment type, the market is categorized into cloud-based and on-premise.

North America region is estimated to witness significant growth in this market during the forecast period. This is primarily due to continuous technological advancements and wide scope of improvement required in banking and financial sector. Intense competition and continuously growing transaction volumes are also major factors which are expected to fuel the demand for innovative reconciliation software across the region. Moreover, emerging markets such as Middle East & Africa, Asia Pacific, and South America are expected to create new growth opportunities to drive the market in the near future. The market in India, Japan, and China are anticipated to show strong growth owing to growing population and necessity for fast and automated banking solutions. Furthermore, growing investment by European banks in financial services and software is also a major factor which is expected to create new opportunities for the growth of this market.

Read More Press Release@  https://www.prnewswire.com/news-releases/automotive-rear-view-mirror-market-to-reach-us11-13-billion-by-2022--rising-sales-of-suvs-to-propel-demand-noted-tmr-300818441.htm

The major players in the global reconciliation software market includes Autorek, Oracle Corporation, Treasury, Datalog, Cashbook, Adra Software (Trintech), ReconArt, Inc., Fiserv, Inc., Rimilia Holdings Ltd., Xero Limited, BLACKLINE INC., SmartStream Technologies Ltd., Broadridge Financial Solutions, Inc. and SS&C Technologies, Inc.

Read More

Humanoid Robot Market Growth Prospects, Key Vendors, Future Scenario Forecast By 2025

Humanoid robots are robots that resemble the body shape and characteristics of humans such as the ability to walk in upright position. Humanoid robots typically possess physical appearance similar to that of a human, including two arms, two legs, and a head. Characteristics of humanoid robots include autonomous learning, safe interaction with the surrounding environment and humans, and self-maintenance. Humanoid robots are employed in various applications such as scientific research, personal assistance, entertainment, automotive manufacturing line, education, and greeting guests and visitors.

Usage of humanoid robots developed with artificial intelligence algorithms is expected to increase in perilous tasks such as space exploration missions. Various sensors including proprioceptive and exteroceptive sensors and actuators are used in humanoid robots to measure the surrounding attributes in order to help the robots work efficiently.

Rise in demand for humanoid robots from the retail industry, increase in usage of humanoid robots in education and research purposes, and significant technological advancements in robotics are some of the key factors expected to drive the global humanoid robots market during the forecast period. Furthermore, usage of humanoid robots to greet and advise customers and present and demonstrate products in retail outlets is on the rise. Moreover, humanoid robots are an effective way of gathering consumer data such as gender, phone numbers, zip codes, email addresses, habits, and service feedback that help stores in serving their customers efficiently.

Request PDF Sample@  

https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=36854

Considering this, a number of retail outlets are adopting humanoid robots to enhance their customer experience. In September 2017, Sprint Corporation, a U.S.-based telecommunication service provider, announced the implementation of Pepper, a humanoid robot developed by SoftBank Robotics Corp. in its retail outlets. The company is planning to use the robot to gain market insights by engaging it with customers in its stores. SoftBank has deployed more than 10,000 Pepper robots in various organizations across the globe including Pizza Hut, Singapore. In several developed countries, humanoid robots are being deployed in classrooms to impart math, science, engineering, and technology lessons.

Developed by the University of California, RUBI, a humanoid robot, is being used by a number of preschools in California to teach foreign languages to students. However, significant capital investments in research and development and high cost of humanoid robots are some of the factors expected to hinder the growth of the humanoid robot market. Nonetheless, growing geriatric population in counties such as Japan and China is anticipated to present lucrative opportunities to the humanoid robot market during the forecast period. Humanoid robots can be used to help aged people with their daily activities.

The global humanoid robot market can be segmented on the basis of component, application, and region. Based on component, the humanoid robot market can be divided into hardware and software. The hardware segment of the humanoid robot market can be further classified into sensor, actuator, controller, power source, and others. Rise in adoption of artificial intelligence algorithms in humanoid robots to boost robots’ performance is expected to a primary reason for the leading market share of the software segment.

Read More Press Release@  https://www.prnewswire.com/news-releases/endpoint-security-market-to-grow-due-to-rising-complexity-of-network-infrastructure-noted-tmr-300849638.html ​​​​​​​

In terms of application, the humanoid robot market can be categorized into personal assistance, education, search & rescue, entertainment, research & space exploration, public relations, and others. Increase in implementation of robots in retail outlets to enhance customer experience is expected to push the revenues of public relations segment of the humanoid robot market. Geographically, the global humanoid robot market can be segmented into North America, Europe, Middle East & Africa, Asia Pacific, and South America. Asia Pacific is expected to contribute a substantial revenue share to the humanoid robot market during the forecast period owing to growing geriatric population in countries such as China, India, and Japan.

Key players in the global humanoid robot market include SoftBank Robotics Corp., ROBOTIS, KAWADA ROBOTICS Inc., Honda Motor Co., Ltd., Hajime Research Institute, Ltd., UBTECH Robotics, Inc., DST Robot Co., Ltd., Toyota Motor Corporation, PAL Robotics SL, and ROBO GARAGE Co. Ltd.

Read More