Sunday, 27 December 2020

Artificial Intelligence in Education Market Business Statistics Focus Report Growth by Top Key Players

Education is one of the fastest growing industry verticals adopting artificial intelligence. This is due to the growing advancement in artificial intelligence and machine learning across the globe in various industries. AI can respond to ambiguous real-world inputs probabilistically, which is one of its critical features in the education industry. The major application of artificial intelligence in education includes analytics; bots; robotic process automation (RPA); and report generation.

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Customer preference varies widely in the current market scenario of education. Artificial intelligence has helped educational institutes and students to customize and personalize the service according to the needs of the end-user. AI has helped educational institutions to develop skills and testing systems in education.

Unawareness and Poor System Infrastructure

Fastest growing regions such as South America and Asia Pacific face strong technological and digital gaps within the education industry. The level of awareness in the education industry with regards to AI is comparatively low in countries such as India and other Asian countries.

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The network infrastructure to efficiently run artificial intelligence in the education industry at a remote location is not very effective. Thus, unawareness about artificial intelligence in education and poor network infrastructure is hampering the growth of the market.

North America to Dominate the Global Artificial Intelligence in Education Market

In terms of region, the global artificial intelligence in education market can be divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America is expected to dominate the artificial intelligence in education market during the forecast period due to its strong dominance in artificial intelligence across the globe.

COVID-19 Impact on the Global Artificial Intelligence in Education Market

The COVID-19 pandemic is expected to moderately impact the global artificial intelligence in education market for a short-term period. The lockdown has resulted in total shutdown of educational institutes, which has led to low investment in artificial intelligence at educational centers.

Global Artificial Intelligence in Education Market – Competition Landscape

  • In July 2020, University of Florida has announced a US$ 70 Mn partnership with NVIDIA for a new AI supercomputer based on NVIDIA DGX SuperPOD architecture. An additional US $20 Mn investment has created an AI-centric data center that houses the world’s fastest AI supercomputer in higher education.

Cognii, Inc.

Cognii, Inc. was founded in year 2013 and is headquartered in San Francisco, US. Cognii, Inc. is a leading provider of artificial intelligence based educational technology. The company offers assessment technology to evaluate answers for online learning platforms.

 

BPM-platform-based Case Management Software Market Growth Factors Details by Regions, Types and Applications

BPM-platform-based case management software are configurable applications which are designed to reduce the time and complexity of creating case-style process solutions by providing architectural patterns. It is a licensed software which provides architectural blueprint and accelerator for case handling application solutions.

Increasing Adoption of Automation & Digitization by SMEs

Both large enterprises as well as small & medium enterprises are extensively adopting digitization, smart technologies, and automation. Overall, 90%-95% of total enterprises are small & medium in size while only 5%-10% are large. Majority of SMEs within the U.S have integrated or are looking to integrate their work flow with automation to gain operational efficiency. Thus, adoption of BPM-platform-based case management software has also increased globally. Adoption of automation by SMEs in the workflow process is expected to drive the growth of the BPM-platform-based case management software market.

Increasing Need to Reduce Operational Cost

Organizations are increasingly seeking to reduce the operational cost to survive in this competitive environment. Financial institutions, retail enterprises, and many other industries are eliminating manual operational work and shifting workflow on to the software. BPM-platform-based case management software eliminates manual work and reduces the labor cost. Labor cost is one of the major costs which needs to be paid by organizations to maintain, manage, and validate workflow automation.

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Cloud Security and Network Transmission Issues

BPM-platform-based case management software models rely heavily on cloud services and are susceptible to service impairment or control loss, data leakage, service loss including service interruption, or in worse cases, monetary loss. The user experience may also be affected by unstable network transmissions at some places and this would limit the reach of cloud-based services including cloud-based and hybrid services/solutions in the affected regions.

North America to Dominate the Global BPM-platform-based Case Management Software Market

In terms of region, the global BPM-platform-based case management software market can be divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America is expected to dominate the BPM-platform-based case management software market during the forecast period due to increased adoption of digitization and automated workflow systems within SMEs.

COVID-19 Impact on the Global BPM-platform-based Case Management Software Market

The COVID-19 pandemic is expected to moderately impact the global BPM-platform-based case management software market for a short-term period. Total shutdown in companies due to the lockdown is likely to lead to low investment in new technology on account of the economic depression across the globe.

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Global BPM-platform-based Case Management Software Market – Competition Landscape

  • In March 2018, IBM Business Automation Workflow V18.0 combined IBM Business Process Management with IBM Case Manager, which is now an available product in the IBM Digital Business Automation V18.1 offering

IBM Corporation

IBM Corporation was founded in year 1911. IBM Corporation deals in five segments: Cognitive Solutions, Global Business Services (GBS), Technology Services & Cloud Platforms, Systems, and Global Financing. IBM business automation workflow provides:

  • Tools that simplify designing and deploying of business solutions
  • A ready-to-use interface for users
  • Analytics platform

Artificial Intelligence in Food and Beverages Market Global Market Analysis and Forecast Model

Changing and growing consumer preference towards affordable, easily accessible, and fast food options has ushered in transformation in the food and beverage industry. Prominent market leaders are making optimum usage of advanced technologies, such as machine learning and artificial intelligence. These technologies are scaling up operations and assisting companies to retain its relevance in a dynamic environment of the market.

The prevalence of artificial intelligence in food and beverage market is a recent phenomenon and comprises numerous major players. Therefore, the global artificial intelligence in food and beverages market is competitive. Nevertheless, in terms of market share only a handful of market players dominate the market globally. The major players are emphasizing on expanding their footprint on unexplored geographies and expanding their customer base on foreign shores.

In its latest offering, Transparency Market Research has come up with a report titled “Artificial Intelligence in Food and Beverages Market”. This report attempts to elucidate all the aspects of global artificial intelligence in food and beverages market so that enough relevant information could be provided to the businesses operating in the market.

Artificial Intelligence in Food and Beverages Market: Notable Developments

India based precious metals producer and refiner Hindustan Platinum Pvt. Ltd has acquired electrical contacts manufacturing plant of ABB, Swiss engineering firm, in Puerto Rico.

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Honeywell International Inc., Rockwell Automation Inc., ABB Ltd, Key Technology Inc., and Raytec Vision SpA are key players operating in the global artificial intelligence in food and beverage market.

Artificial Intelligence in Food and Beverages Market: Key Trends

Below-mentioned are market trends and opportunities that are associated with the global artificial intelligence in food and beverage market:

Better Customer Service by Companies to Stimulate Market Growth

Artificial intelligence is used in the understanding of consumer behavior, which is estimated to result in predictions that are more correct and precise. Furthermore, it enables organizations and marketers to engage in deeper interactions, communicate with consumers at a personal level, and augment their brand-related overall experience.

Besides, increasing adoption of chatbots by people so as to work effectively on the offline mode. According to an American express report, more than 50% of the customers are ready to spend more on companies that offer better customer service. This opens up vistas of opportunity for artificial intelligence. Such opportunities are likely to trigger growth of global artificial intelligence in the food and beverage market.

Artificial intelligence also assists in the deduction, monitoring and analysis of customer sentiments and behavior across various social media platforms.

Optical Character Recognition Market Report- External Fixators and Internal Fixators

The global optical character recognition market was valued at US$ 15.1 Bn in 2019 and is expected to expand at a CAGR of ~15% from 2020 to 2030, reaching US$ 70 Bn and volume of 58,166 thousand units by the end of the forecast period. The global optical character recognition market will continue to be influenced by a range of macroeconomic and industry-specific factors.

Asia Pacific will continue to be at the forefront of global demand, with the market in the region projected to expand at a higher rate during the forecast period. All businesses are affected by the increasing lockdown situation due to COVID-19. Hence, most manufacturing and retail companies halted all business operations due to lack of workforce and low return on investment during the lockdown.

Increasing Adoption of Digitization Process among Enterprises Driving Optical Character Recognition Market

Companies are adopting digitization for different business processes that helps to increase efficiency. Most companies are taking interest and investing in optical character recognition technology to digitalize their work and increase productivity. The optical character recognition market is majorly driven by increasing adoption of the OCR technology among startup businesses to maximize the return on investment.

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Solution providers of OCR are integrating and providing advanced software solutions with new innovative technology to drive the demand for OCR services and solutions among BFSI and media & entertainment companies. Innovative technologies, such as machine learning, computer vision, and artificial intelligence help to enhance the performance of solutions. OCR helps in improving data accuracy in digital form, minimizes operational cost, and simplifies the different data-related operational processes.

Mobile OCR is majorly adopted by transportation and logistics for scanning bills and invoices for the delivery of goods at various locations. Companies are investing in advanced technologies to reduce the expenses on data management and for data extraction of important information. The latest OCR software comes with advanced features that overcome typical problems related to typographical (misprints, spelling mistakes) and formatting complexities. This advancement has lowered the cost of data capturing and increased the demand for the OCR technology.

Optical Character Recognition Market: Competitive Dynamics

The global optical character recognition market comprises large as well as mid-sized manufacturers and suppliers. Vendors in the optical character recognition market are currently focusing on introducing advanced software and integrating new capabilities within the hardware and software to enable optical character recognition across company boundaries and meet the need to manage OCR operations. Moreover, vendors are adopting partnerships and acquisition strategies to proficiently compete in the regional market.

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Some of the significant players in the global optical character recognition market include ABBYY Software Ltd., Accusoft Corporation, Adlib Software, Adobe Systems, Inc., Amazon Web Services, Inc., Anyline GmbH, ATAPY Software, Beijing Wintone Science & Technology Co. Ltd., Black Ice Software LLC, Captricity (Vidado Inc.), CC Intelligence Corporation, Creaceed SPRL, CVSION Technologies Inc., Exper-OCR Inc., Google Inc., Hyland Software, Inc., IBM Corporation, Infrrd Inc., IRIS SA (Canon), LEAD Technologies Inc., Microsoft Corporation, NTT DATA Corporation, Nuance Communications, Oki Europe Ltd, Open Text Corporation, Paradatec, Inc., Prime Recognition Corporation, Ricoh Group, Ripcord Inc., SEAL Systems Inc., Smart Engines, Transym Computer Services Ltd, and Xerox Corp.

Cigarette Filters Market Growth, Trends, and Forecast

Cigarette filters are designed in such a way that it effectively absorbs vapor and are able to accumulate components of smoke particulate. Filters are also utilized in the preventing tobacco from the mouth of the smoker. It also serves as a mouthpiece, which will not collapse as the cigarette is smoked. Around 95% of cigarette filters are made from a plastic variant, cellulose acetate, and the remaining are made from rayon and papers.

Thinner than even a thread, cellulose acetate tow fibers are white in color and are packed tightly together so as to make a filter and they resemble cotton. However, several other materials have been tries, tested, and rejected in favor of acetate, thanks to the flavor that it produces.

Depending on the emission of tobacco tar, a cigarette considered a light or a regular one, the filter varies in its filtration efficiency. Cigarette filter diminishes harshness of the smoke generated by tobacco by lessening the amount of various fine particles, smoke, and tar at the time of combustion of the tobacco present in the cigarette. The importance of these filters is expected to support development of the global cigarette filters market over the timeframe of analysis, 2020 to 2030.

However, when cigarette filters are tossed into the environment, along with the plastic content of the filter, heavy metals, nicotine and many other harmful chemicals are absorbed by the environment, which proves to be harmful for the man and nature. This factor is likely to impede growth of the global cigarette filters market in the years to come.

Application, filter type, material, and region are the four important parameters based on which the global Cigarette Filters market has been classified.

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Global Cigarette Filters Market: Notable Developments

One of the relevant and important developments of the market that gives a quick view of the dynamics pertaining to global cigarette filters market is mentioned as below:

  • In September 2017, Lithuania based manufacturer of cigarette filters, Nemuno Bang started its operation in September. With the function of this new facility in South Africa, the company is estimated to enhance its capabilities and capacity in the region.

Some of the prominent organizations in the global cigarette filters market comprise the below-mentioned:

  • Nemuno Banga LLC
  • BIO-ON
  • Yuri Gagarin PLC
  • BBK Tobacco & Foods, LLP
  • Schweitzer-Mauduit International, Inc.
  • Cerdia International GmbH

Global Cigarette Filters Market: Key Trends

The global cigarette filters market is characterized by the presence of the following restraints, drivers, and opportunities.

Increased Awareness about the Harmful Effects of Smoking to Boost Demand

The harmful effects of smoking cigarette is boosting the importance of filters, which is likely to play an important role in expanding the global cigarette filters market over the timeframe of analysis, from 2020 to 2030. As more people become aware of the harmful effects of amoking, the demand for cigarette filters are expected to rise. However, these filters are not able to block all the harmful chemicals from entering the lungs of the smokers. Throat of the smoker feels the filtered smoke, thereby facilitating deeper and bigger puffs. In accordance with the findings of a study published by the Journal of the National Cancer Institute, today’s cigarette filters are anticipated to boost the possibilities of lung cancer. In countries like Russia, Romania, Hungary, Venezuela, South Korea, and Japan cigarettes with charcoal are quite popular as these cigarettes produce vapor phase smoke toxicants. All these factors are likely to foster development of the global cigarette filters market over the timeframe of analysis, from 2020 to 2030.

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Global Cigarette Filters Market: Geographical Analysis

Asia Pacific is likely to emerge as a rapidly growing country in the global cigarette filters market. Smoking cigarette has emerged as a popular trend in the countries of Asia Pacific, such as India, South Korea, Japan, and others. Introduction of new flavors and variants of cigarettes has assisted in further boosting the habit of smoking cigarette in this part of the world

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Hinge Top Pill Pods Market Trends, Sales, Supply, Demand, Analysis

The hinge top pill pods are the example of a perfect container for storing medication and vitamin supplements. To provide the perfect care to the patients, the rising competition in the hinge top pill pods market is noticeable. The revenue of the hinge top pill pods market is growing higher and higher as this is leading to increasing the use of the medication dispensed by hospitals, healthcare centres, and home care settings to provide the best of quality medication with the least amount of risk.

The manufacturers are focusing on creating technologies for providing an advanced solution to the quality medication system (e.g. setting an automatic alarm to the pill pods according to the patient's scheduled prescription) which is going to be responsible for a good hike in the hinge top pill pods market's growth.

Hinge Top Pill Pods Market: Dynamics

The market for hinge top pill pods are expanding rapidly as a higher number of people are getting diagnosed with various acute and chronic diseases day by day. The ageing population in the world is leading to the spreading of various geriatric diseases. So in an indirect way the ageing population is also responsible for driving the growth of hinge top pill pods market. The hinge top pill pods can be customized according to the patients need by printing required information including the date and time to take the medicines.

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These hinge top pill pods are designed in such an organised manner so that the patients can manage their medication routine in a very simplified way. The hinge top pill pods market is setting up a perfect example in online medication service as all the pods are available online so that the patients can avail it very easily which helps in consuming energy and time. People can easily register for hinge top pill pods and get it with a valid digital receipt. Additionally, keeping Covid-19 in mind using hinge top pill pods give an extra protection layer to maintain hygiene and reduce the factors responsible for health risk by removing the manual process of handling medication business. Moreover, these hinge top pill pods are ideal for travel as these are easy to carry and occupy very small space.

The hinge top pill pod market is expected to witness decent growth in the North America region. The big pharmaceutical companies (e.g. Walgreens) are ready to compete with all the online delivery companies with its attracting feature of 3D printing on the pods and this competition will drive the growth of the hinge top pill pods market.

Recently In Europe, there has been an increase in pre-sorted individualised packages of medication in compliance rates from 56% to 81% in patients over the age of 65 who sort and take medication by themselves only. The rising ageing population in the Asia-Pacific region (60% in India and & 71% in China) is the key driver of the growth of the hinge top pill pods market. Apart from this, new construction of small operation centres for cosmetic surgery in the Middle East & Asia region is also going to be one of the reasons for the growth of the hinge top pill pods market.

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Hinge Top Pill Pods Market: Key manufacturers

  • Healthwave
  • Bioland Technology
  • MedMinder
  • MedSignals
  • Parsons ADL
  • MedFolio
  • Practicdose

Continuous Thread Caps Market Report - by Product, Service, Indication, and Region – Global Forecast to 2030

Continuous thread caps prevent bottles from outside damaged. Threaded caps are more popular in the bottle caps market, because of its basic property to protect bottles from opening. Continuously threaded caps justify the originality of packaging which avoids risks of duplicate packaging. The duplication or fraud products can be avoided by the use of continuously threaded caps.

Food & beverages industry and the pharmaceutical industry have a large market share of continuous threaded caps market, due to the need for protection of products. Continuous thread caps market give big advantage from counterfeiting and child-resistant packaging to the alcohol industry. Due to the convenience of leakage-free container packaging, continuous thread caps are preferred by chemical, fertilizer, automotive and transport sectors.

Important features of continuous thread caps include versatility, durability, and flexibility at afforded price and coupled with plastic. Issues related to the quality and safety in the food and beverage industry act as a catalyst for the continuous thread caps market. But strict policies against the use of plastic materials can be a possible restraint for continuous thread caps market growth. However, advancements in technologies may boost continuous thread caps market demand in the coming future.

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Continuous Thread Caps Market: Market Dynamics

Apart from the pharmaceutical industry, there are few more other industries such as the food & beverages, personal care and cosmetics industry, which generate major demand for continuous thread caps, in the forecast period. There are several regulations made for the packaging of drugs and food in the continuous thread packaging market. Rise in disposable income levels of consumers in developing economies can bolster market demand. Today’s youth has become more concern about their health and hence they avoid the usage of plastic wherever possible. This can be a good opportunity for the manufacturers of the continuous thread caps market to introduce different product materials to the consumers.

Most of the continuous thread caps are made from a plastic material. However, strict policies exist to the use of plastic materials can be a possible to become the obstacle for continuous thread caps market growth. Since the COVID-19 outbreak in December 2019, the disease has spread to nearly about 100 countries all over the world. This pandemic has already started to show major impacts on continuous thread caps markets. COVID-19 pandemic impacted badly on the food and beverages packaging industry and hence also impacted the growth of continuous thread caps market up to a certain extent all over the world.

A major part of the consumers for continuous thread caps market belongs to the growth of the production of pharmaceutical and food and beverages industries. Due to the high capacity production and packaging of food and pharmaceuticals products in the North American countries, the USA and Canada have become a large market for continuous thread caps. The US is known for the innovative manufacturers and exporters of continuous thread caps. Asian countries such as India and China are known for the economic powerhouses, thus east and south Asia has become the second-largest market for the continuous thread caps.

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Due to the growth of medical, healthcare and cosmetics industries, the European countries are expected to give a rise in continuous thread caps market share in the future. The Middle East & Africa is predicted to show overall growth in the end-user industry and hence it has become an emerging market for continuous thread caps market in the forecast period.

Continuous Thread Caps Market: Key Players

  • ABA Packaging Corp.
  • Ace Paper Tube Corp
  • Berlin Packaging
  • Berry Plastics Corp.
  • American Star Cork Co. Inc.
  • Airlite Plastics Corp.
  • All American Containers Inc.
  • Cincinnati Container Co.

Collagen Market-By Source (Pig, Poultry, Cow, and Marine), By Product (Natural, Hydrolyzed and Gelatin), By Application (Cosmetics, Healthcare, Food and Beverage), and By Region-Forecast 2022-2031

SDKI Inc. published a new report on the collagen market on January 25, 2022.  This study includes the statistical and analytical approaches ...