Technology Market report

Friday, 3 April 2020

Artificial Intelligence Chipset Market Demand, Sales, Analysis and Forecasts to 2025

The global Artificial Intelligence Chipset Market size is expected to reach USD 59.2 billion by 2025, according to a new report by Grand View Research, Inc. The artificial intelligence (AI) chipset market is anticipated to expand at a CAGR of 33.6% from 2019 to 2025. An artificial intelligence chipset is built on the concept of adding a dedicated component in an electronic device, to execute machine learning tasks. In addition, an increased amount of data has led to the need for high-speed processors and faster computing, which is addressed by incorporating artificial intelligence into the set of electronic components. For instance, Apple has implemented a neural engine in its A11 Bionic chip’s GPU to speed-up the third-party applications. With the growing implementation of AI in smartphones and other smart devices, the growth in the market has been boosted.

With the rise in artificial intelligence applications ranging from smartphones to the automobile industry, the adoption of AI-enabled chipsets has been noted considerably. In addition, the adoption of smart homes and smart cities is directly influencing the AI chipset market’s growth by providing numerous opportunities. High demand in high-speed processors due to increased data complexity is one of the major factors driving the growth of the market.

Artificial intelligence chipset is being adopted rapidly in the consumer electronics industry owing to the rising demand for faster processors. New types of hardware/semiconductor accelerators are being introduced with the rapid evolution in artificial intelligence with machine learning and deep learning. AI has been introduced to almost every industry and majorly in consumer electronics, which has come up with numerous opportunities in the semiconductors industry. Growing demand for faster computing processors with reduced operational and maintenance costs has certainly boosted the AI chipset market growth.

Browse Details of Report @
https://www.grandviewresearch.com/industry-analysis/artificial-intelligence-chipset-market

Further key findings from the report suggest:

A considerable surge in smart home and smart city development is anticipated to create a broad potential for manufacturers in the artificial intelligence chip market
The integration of artificial intelligence using machine learning and deep learning with a set of electronic components is estimated to remain a substantial growth opportunity for the market. Prominent companies as IBM Corporation are significantly involved in the integration of new artificial intelligence capabilities such as natural language dialogue and storytelling in their AI chipset tools
Market players are focusing on providing advanced set of electronic components, which provides advanced features, such as visual intelligence for better recognition and differentiation of locations, spaces, and objects
Key market players are considering partnerships and acquisition of startups providing innovative products to expand their outreach in the market
The key competitors in the market are Advanced Micro Devices, Inc.; Google Inc.; Intel Corporation; Baidu, Inc.; Graphcore; Qualcomm Technologies, Inc.; Adapteva, Inc.; Mythic; Huawei Technologies Co., Ltd.; and Xilinx Inc.

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Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

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Thursday, 2 April 2020

Industrial Boilers Market: Current Trends and Future Opportunities

The global Industrial Boilers Market size is expected to reach USD 18.3 billion by 2025, exhibiting a CAGR of 4.5% over the forecast period, according to a new report by Grand View Research, Inc. Rapid industrialization in developing economies is expected to boost the demand for the product over the forecast period. In addition, growing food & beverage industry is expected to positively impact the growth of the market.

Boilers are vessels that produce steam to fulfill industrial heating requirements with the support of numerous energy sources including oil & gas, fossils, non-fossils, and biomass. Industrial boilers are used by numerous industries including food & beverage, power, textiles, FMCG, and thermal power plants. Chemicals & petrochemical is the largest industry that uses industrial boilers.

Growing industrialization including the expansion of existing plants and establishment of new plants is likely to drive the product demand over the forecast period. Growing population and increasing disposable incomes are likely to boost the growth of food & beverage industry. As a result, continuous expansion of manufacturing plants is observed globally, which, in turn, boosts the demand for industrial boilers, especially in developed economies.

Emission of harmful gases in the environment is a key challenge faced by the market. However, strict regulations implemented by numerous regulatory bodies have driven manufacturers to modify their products accordingly. Modified products are not only energy-efficient but also comply with the regulations. These benefits are expected to further boost the adoption rate of these products, thus, increasing the demand for the boilers.

In 2018, Europe was the top market with 34.1% share, in terms of revenue, and dominated the industry due to rapid industrialization. The region was followed by Asia Pacific and North America, respectively. However, Asia Pacific is expected to dominate the market with a share of 34.4%, in terms of revenue, and reach USD 6.3 billion by 2025 owing to the growing petroleum, iron & steel, textile, and food processing industries.

Browse Details of Report @
https://www.grandviewresearch.com/industry-analysis/industrial-boilers-market

Further key findings from the report suggest:

Chemicals & petrochemicals application segment is expected to dominate the global industrial boilers market by 2025 owing to the growing petrochemical industries, especially in emerging economies
Asia Pacific held the second-largest share in 2018 and is anticipated to register a significant growth rate over the forecast period owing to growing industries including food & beverage and petrochemical
Canadian market is anticipated to reach USD 1.1 billion by 2025 owing to increasing disposable income, which contributes to the growth of food processing industry, resulting in growing demand for industrial boilers in the country
The market is highly fragmented owing to the presence of numerous participants; however, it is dominated by giant players including Babcock & Wilcox Enterprises, Inc., Siemens AG, and Bharat Heavy Electricals Ltd.

Passport Reader Market: In Depth Analysis Report

The global Passport Reader Market size is estimated to reach USD 395.97 million by 2025, growing at a CAGR of 11.3% from 2019 to 2025, according to a new report by Grand View Research, Inc. The increasing adoption of e-passports and need for authentication of passports at airport points, border control facilities, and immigration points are expected to drive the growth of the market. The increasing number of air passengers is expected to subsequently trigger the building of new airports, especially in developing economies across the world. The governments of various countries are investing heavily in construction of airports and this is expected to increase the demand for passport readers over the forecast period.

Furthermore, increasing adoption of new technologies such as Optical Character Recognition (OCR) enables saving the time required for airport staff to manually enter the data of passengers in the systems. The use of RFID technology has increased owing to the demand from industries & sectors such as transport, retail, medical, and defense. The continuous advances in biometric technologies are further driving the demand for readers to strengthen security at airports and borders by reducing forgery.

North America dominated the global passport reader market in 2018 and is projected to continue to dominate over the forecast period owing to the rapid and early adoption of advanced technologies such as multi-row OCR reader for machine-readable passports. Asia Pacific is expected to register the highest CAGR owing to the increasing production of readers in countries such as India and China. Countries such as the U.S., Australia, and Germany are estimated to generate considerable revenue over the forecast period.

Browse Details of Report @
https://www.grandviewresearch.com/industry-analysis/passport-reader-market

Further key findings from the report suggest:

Increasing number of airports and the rising number of immigrants is propelling the demand for passport readers at airport check-in points and border security
The airport security segment dominated the market in terms of revenue in 2018 owing to the growing threats of terrorism and other criminal activities
The self-service kiosk segment is expected to register the highest growth rate over the forecast period owing to benefits such as reduced waiting time for passengers
The public sector dominated the market in 2018 owing to the increasing demand for passport readers from airport check-in points, aviation security points, and so on
North America accounted for the largest market share in 2018 owing to the increasing use of e-passports in the region
Asia Pacific region is expected to register the highest CAGR over the forecast period owing to the presence of leading manufacturers such as Shenzhen HCC Technology Co., Ltd.
The prominent players operating in the passport reader market include Beijing Wintone Science & Technology Co. Ltd. (China); Gemalto NV (France); DESKO GmbH (Germany); ARH Inc. (Hungary); and 3M (U.S.), among others.

Wednesday, 1 April 2020

Asset Performance Management Market Report | ABB; ARMS Reliability; Aspen Technology Inc.

The global Asset Performance Management Market size is estimated to reach USD 24,401.62 million by 2025, exhibiting a CAGR of 9.15% from 2019 to 2025, according to the new report by Grand View Research, Inc. The growing adoption of dedicated systems for managing the performance of assets to achieve operational excellence is expected to fuel the market growth. Managing the performance of assets can help companies in optimizing the usage and maintenance of their operational assets, such as plants, equipment, and infrastructure. Some of the assets that are actively monitored by companies using dedicated systems include heavy machinery, heavy equipment, turbine engines, and power transformers.

A system deployed for managing the performance of assets typically includes various solutions, such as asset strategy and risk management, predictive asset management, reliability-centered maintenance, and condition-based maintenance, among others. Incumbents of various end-use industries, including energy & utilities, mining & metal, oil & gas, and manufacturing, utilize these solutions depending on their needs and preferences. The manufacturing segment held a significant market share in 2018 and is expected to account for a sizeable share over the forecast period because there are several small and large manufacturing plants across the globe and all of them are expected to adopt solutions to manage the performance of their assets.

The energy & utilities segment held the largest asset performance management (APM) market share in 2018 owing to a large number of energy & utility companies that are actively investing in systems to manage the performance of their assets. For instance, Tata Power of India is leveraging AVEVA Group plc’s PRiSM Predictive Asset Analytics for avoiding failures of assets and reducing equipment downtime. The system has benefitted Tata Power in the form of higher reliability and enhanced performance of critical assets. Additionally, predictive analysis enabled by the system has also helped the company in controlling maintenance costs.

Companies having a high degree of reliance on the capability of their assets have to often confront unplanned downtimes stemming from failures of assets, ineffective data gathering approaches while monitoring assets, hardships in realizing operational capabilities of assets, inability to determine unforeseeable risks, and ineffective maintenance scheduling, which can potentially impact their profits goals. Managing the performance of assets can help such companies is reducing the instances of unplanned downtimes. Cloud-based systems for managing the performance of assets are particularly allowing companies to manage their assets cost-effectively. The launch of IIoT-compatible systems and the increasing adoption of cloud solutions are expected to be among the crucial factors driving the market growth.

Browse Details of Report @
https://www.grandviewresearch.com/industry-analysis/asset-performance-management-market

Further key findings from the report suggest:

The rapid industrial shift towards digitalization of monitoring and maintenance activities is prompting companies to invest aggressively in digital solutions to manage the performance of assets
Use of advanced processes and tools, such as regression analysis, neural network analysis, and Monte Carlo simulation, in managing the performance of assets is driving the growth of the predictive asset management segment
The on-premises segment is projected to dominate the asset performance management market over the forecast period owing to the growing preference for on-premises customized systems
The hosted segment is expected to register a CAGR of more than 11% from 2019 to 2025. The public cloud segment held a market share of more than 60% in 2018 and is expected to maintain its dominance over the forecast period
The predictive asset management segment is expected to register a CAGR exceeding 11% from 2019 to 2025 as the approach shifts from predictive to preventive.

Big Data as a Service Market: Current Trends and Future Opportunities

The global Big Data As A Service (Bdaas) Market is estimated to reach USD 51.9 billion by 2025, registering a CAGR of 38.7% over the forecast period, according to a new study by Grand View Research, Inc. The combination of big data analytics technologies and cloud computing platforms has led to the development of Big Data as a Service or BDaaS. BDaaS offers analyses of large and complex datasets over the Internet or as cloud-hosted services. The increasing requirement of structured data for analyses, which helps organizations achieve targets, coupled with the growing number of social media platforms and users accessing accessible multimedia content on the Internet, such as videos, audio, and text, are anticipated to drive the market growth over the forecast period.

Data-Driven Decision Making (DDDM) helps in addressing the problem of unstructured data analysis and enables organizations to make more informed decisions with transparency and accountability. It also offers increased capacity to scale changes and flexibility in modeling change scenarios, among others. For instance, Google has created a People Analytics Department that supports the organization in making decisions with fact-based data. In this department, Google has created a group called Information Lab, which includes social scientists who conduct innovative research that has changed the organizational practice within the company.

The growing adoption of social media analytics in BDaaS to monitor consumer preferences and offer personalization insights is anticipated to propel market growth over the forecast period. Moreover, the increasing importance of sentiment analysis has also encouraged enterprises to integrate social media into their business processes. This has resulted in a large amount of data being stored by organizations, which in turn, is expected to propel market growth over the forecast period.

Key market players are focusing on mergers & acquisitions to enhance their regional presence and target new customers across the globe. However, increasing privacy concerns coupled with the rapidly rising purchase costs and costs for installation, deployment, and maintenance may hamper the market over the forecast period.

Browse Detail of Report @
https://www.grandviewresearch.com/industry-analysis/big-data-as-a-service-bdaas-market

Further key findings from the study suggest that:

The global market is anticipated to witness substantial growth owing to the increasing requirement of structured data for analysis and long-term data retention over the forecast period
The hybrid cloud segment is expected to register a CAGR exceeding 40% over the forecast period owing to benefits it provides in terms of cost efficiency, scalability, flexibility, and security
Hadoop-as-a-Service emerged as the dominant segment in 2018 owing to the large number of companies frequently accessing virtual storage and analysis of data on the cloud across the globe
North America captured a significant share in the global BDaaS market owing to the increasing government funding to support big data projects in the U.S. and high penetration of e-commerce in the region
The APAC market is estimated to showcase significant growth over the forecast period owing to the high rate of penetration of smartphones and internet users in Brazil and Mexico
Key market players operating in the Big Data as a Service market, including Amazon Inc., IBM Corporation, and Dell Inc., are focused on expanding their market presence and targeting new customers through mergers and acquisitions.

Brazed Plate Heat Exchangers Market is Anticipated to Register 7.5% CAGR till 2025

The global Brazed Plate Heat Exchangers Market size is anticipated to be valued at USD 1.4 billion by 2025, accelerating at a CAGR of 7.5% over the forecast period, according to a new report by Grand View Research, Inc. Rising urbanization and infrastructure developments have resulted in an increased demand for heat management systems. As a result, the demand for this market is likely to boost over the forecast period.

The small footprint of brazed plate heat exchangers has resulted in their high adoption rate in industries including HVAC, chemical, petrochemical, oil & gas, power generation, and pharmaceuticals. These exchangers offer low maintenance cost and are energy efficient. Increasing demand for energy-saving products is expected to further boost the market growth over the forecast period.

Single circuit segment was valued at USD 298.3 million in 2018 and it is expected to reach USD 470.8 million by 2025. Single circuit brazed plate heat exchangers are used for water heating applications and are highly utilized for the construction of heat pumps. Multi-circuit was the dominant segment in 2018, valued at USD 560.8 million, and it is expected to reach USD 950.0 million over the forecast period. Multi-circuit brazed plate heat exchangers are majorly used in industries with high production levels.

HVAC application segment was valued at USD 209.1 million in 2018 and is expected to be valued at USD 377.1 million over the forecast period. Brazed plate heat exchangers are highly adopted by the HVAC industry owing to their small footprint and energy efficiency. Increasing construction of residential and commercial buildings has resulted in an increased demand for HVAC systems, which, in turn, has triggered the product demand.

The U.S. is expected to be the largest market by 2025 owing to an increase in the construction of residential and commercial buildings and increasing establishment of industries. Germany is expected to be the second-largest market over the forecast period owing to high rate of infrastructural development. Increasing investments in infrastructure development in Asia Pacific region are expected to boost market growth in the region over the forecast period.

Browse Details of Report @
https://www.grandviewresearch.com/industry-analysis/brazed-plate-heat-exchangers-market

Further key findings from the report suggest:

The U.S. market, in terms of revenue, is projected to progress at a rate of 8.5% over the forecast period
German market was valued at USD 113.3 million in 2018 and is expected to reach USD 188.3 million over the forecast period
Industrial application segment was valued at USD 219.5 million in 2018 and it is expected to reach USD 336.8 million by 2025 with the increasing product demand in this segment
As of 2018, India was among the largest markets in Asia Pacific and is expected to reach USD 125.8 million over the forecast period.

Managed Security Services Market: Current Trends and Future Opportunities

The global Managed Security Services Market is expected to reach USD 60.94 billion by 2024, according to a new report by Grand View Research, Inc. The proliferation of advanced threats is expected to increase the adoption of managed security services over the forecast period.

Growing usage of cloud storage systems among organizations is driving the demand for cloud-based security services. Moreover, regulatory compliances in several countries to protect loss of information are enabling enterprises to deploy security services. For instance, in 2014, Russia announced the adoption of new regulations for the collection and storage of information only on the Russian territory effective from September 2016.

Managed security services are expected to grow at a robust pace owing to the fast emerging BYOD trend, increasing cybercrime activities and growing concerns for malicious malware attacks. Owing to the increasing consumer privacy regulations such as Personal Protection Act and Consumer Protection Regulations, various sectors such as BFSI and telecom are increasingly adopting these services.

Browse Details of Report http://www.grandviewresearch.com/industry-analysis/managed-security-services-market

Further key findings from the report suggest:

The managed endpoint threat protection is expected to remain the largest segment owing to the growing BYOD trends among organizations and the need to mitigate the growing malware threats
Cloud-based managed security services are expected to be the fastest growing segment owing to the rising number of remote workforce. Moreover, organizations are shifting from on-premise to cloud-based services to reduce the expenditure in managing these services.
Telecom & IT is expected to grow at a CAGR of over 16.5% owing to the increasing need to protect and maintain customer privacy. Compliance with regulatory and legal requirements is critical for telecom operators to sustain their operations.
The North America managed security services industry is anticipated to remain the largest over the forecast period. The continuous increase in computer hacking is leading to greater adoption of these services in the region.
Asia Pacific is expected to be the fastest-growing region, growing at a CAGR of over 19% from 2016 to 2024. Owing to the rising number of complex cyber threats, companies in the region are outsourcing network infrastructure security.
Key players in the managed security services market include Dell SecureWorks Inc., IBM Corporation, Symantec Corporation and Verizon Communications Inc. Companies are focusing on providing fully integrated security solutions to develop technologies in the security space.