Affective Computing Market Size Worth $192.45 Billion By 2027

 

The global Affective Computing Market size is expected to reach USD 192.45 billion by 2027, registering a CAGR of 33.0% from 2020 to 2027, according to a new report by Grand View Research, Inc. Affective computing is being used across a myriad of end-use industries to gauge the emotional states of customers and analyze how these emotional states can influence the buying and selling decisions. The increasing rate of crime and terrorism has particularly increased the adoption of affective computing for security and surveillance purposes. The growing popularity of smart devices and wearables among individuals also bodes well for the growth of the market.

Affective computing helps in detecting human emotions and analyzing the human decision-making process through various human parameters, such as voice, heart rate, and expressions. Film making companies have already been employing algorithms, such as Factorized Variational Autoencoders (FVAEs) to gauge audience responses to different characters in movies. Video games are being developed to offer gamers an improved gaming experience by understanding the gamers’ emotions while playing games. Such diversified usage of the technology is expected to open new growth opportunities for the market over the forecast period.

The potential to use affective computing to develop emotions for treating autism-based diseases is another factor expected to drive the growth of the market. The growing demand for consumer electronics and IoT-based devices coupled with the evolving needs for convenience and comfort in product usage is also expected to boost the growth of the market. The growing awareness toward proper hygiene in the wake of the COVID 19 pandemic outbreak is equally expected to discourage physical contact and instead encourage the usage of facial recognition, and gesture recognition, among other techniques, thereby driving the market growth.

Related Press Release@ Affective Computing Market Report

Affective Computing Market Report Highlights

• The touchless segment is anticipated to register a CAGR of over 35% over the forecast period as the growing awareness toward proper hygiene in the wake of the outbreak of the COVID-19 pandemic triggers the demand for touchless technology
• The facial recognition segment is anticipated to gain traction over the forecast period in line with the growing adoption of affective computing by government agencies for safety and security purposes
• The cameras segment is anticipated to grow at a faster pace over the forecast period as advanced digital cameras are being developed to provide better video surveillance for improved safety and security
• The automotive segment is expected to witness phenomenal growth from 2020 to 2027 owing to the ongoing development of autonomous and semi-autonomous vehicles
• The Asia Pacific regional market is anticipated to witness significant growth. The smart city projects being pursued aggressively by the emerging economies in the Asia Pacific is expected to drive the demand for affective computing solutions in the region

List of Key Players of Affective Computing Market

• Affectiva
• Elliptic Laboratories A/S
• Cognitec Systems GmbH
• Eyesight Technologies Ltd.
• Intel Corporation
• IBM
• Microsoft Corporation
• Kairos AR, Inc.
• Qualcomm Technologies, Inc.
• Google

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Affective Computing Market Segmentation

Grand View Research has segmented the global affective computing market based on technology, software, hardware, end-use, and region:

Affective Computing Technology Outlook (Revenue, USD Million, 2016 - 2027)

• Touch-based
• Touchless

Affective Computing Software Outlook (Revenue, USD Million, 2016 - 2027)

• Analytics Software
• Enterprise Software
• Facial Recognition
• Gesture Recognition
• Speech Recognition

Affective Computing Hardware Outlook (Revenue, USD Million, 2016 - 2027)

• Cameras
• Sensors
• Storage Devices & Processors
• Others

Affective Computing End-use Outlook (Revenue, USD Million, 2016 - 2027)

• Automotive
• BFSI
• Government
• Healthcare
• IT & Telecom
• Media & Entertainment
• Retail & E-commerce
• Others

Affective Computing Regional Outlook (Revenue, USD Million, 2016 - 2027)

• North America
• The U.S.
• Canada
• Europe
• Germany
• The U.K.
• Asia Pacific
• China
• India
• Japan
• Latin America
• Brazil
• The Middle East & Africa

About Us:
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.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com

Outdoor Power Equipment Market: Industry Demand, Analysis and Future Trends 2030

 

The global Outdoor Power Equipment Market size was valued at USD 46.53 billion in 2021 and is expected to reach USD 76.61 billion by 2030, registering a CAGR of 5.9% during the forecast period, according to a new report by Grand View Research, Inc. The market growth can be credited to the increasing adoption of outdoor power equipment, using lithium-ion batteries and cordless outdoor power equipment.

For instance, in September 2021, DeWalt, one of the brands of Stanley Black & Decker, announced the launch of a 20V MAX lithium-Ion batteries system to support a variety of outdoor power equipment. Furthermore, government and public places need to be maintained and have an aesthetic appeal, additionally stimulating demand for the lawn mowers. Besides, the growing perception that gardening is a leisure activity is a critical factor in the outdoor power equipment demand.

The rising technological advancements in outdoor power equipment are increasing the inclination of people toward gardening, which is expected to impact growth. For instance, in February 2022, Makita Corporation launched two new Lawn Mowers, XML10CT1 (21" Lawn Mower Kit) and XML11CT1 (21" Self-Propelled Lawn Mower Kit). These two product features 36V (18V X2) LXT power batteries, which signify their capabilities in the cordless lawn and garden market. Furthermore, the rise in residential construction and rising demand for lawn and electric cordless lawn & garden tools in commercial spaces, parks, and sports fields are the factors expected to drive market growth.

Vendors' rising adoption of ergonomic designs enables people to perform activities with less labor and makes their tasks more manageable. It allows people to perform their functions with much less time than non-ergonomic tools. For instance, in November 2021, The Toro Company launched five new gas and battery-based Super Recycler models for the lawn care market. These products are designed with an ergonomic grip, which enables gardeners to have greater cutting convenience, and are developed with additional safety features, to pack within a folded handle.

A considerable increase in the demand for do-it-yourself (DIY) equipment and do-it-for-me (DIFM) services in the commercial and residential segment are expected to drive market growth. The outdoor power equipment market is seasonally affected by end-customer buying patterns, and most outdoor power equipment is sold during the summer and spring seasons. As a result of seasonality in the industry and short-term fluctuations in demand caused by weather patterns, growth in the market is hindered.

Related Press Release@ Outdoor Power Equipment Market Report

Outdoor Power Equipment Market Report Highlights

• The battery power source segment is estimated to expand at a CAGR of 6.9% during the forecast period. The battery-powered source segment is expanding owing to its speed, longer running time, technological innovation, and does not emit gas fumes &noise, which is expected to drive the segment growth. For instance, Makita Corporation launched three new lawn mowers, 18V X2 LXT (36V) Brushless Cordless Lawn Mowers (XML06, XML07, XML08), powered by two batteries of 18V, which are expected to revolutionize the work done without emissions and noise. In addition, regulations around the use of Li-ion battery products support the growth of battery-powered and cordless products
• The North American market accounted for 34.91% share of the overall market in 2021. The regional market's growth is attributed to the strong presence of various regional companies, including Makita Corp, the toro company, and more. Furthermore, an increasing preference for outdoor living areas and a vast number of athletic fields is expected to drive the growth of outdoor power equipment in the region. Investment by the government in infrastructure is also expected to drive the region's development
• The chainsaw segment is estimated to grow at a CAGR of 7.2% during the forecast period. The rising demand for technological development and rapid industrialization among various economies is expected to drive the market for the chainsaw segment. Furthermore, the increasing adoption of wood in the application of commercial construction, including wall & roof designing and flooring, is expected to create massive demand for the chainsaw segment
• The market is fragmented and characterized by high competition with companies such as Husqvarna AB, Makita Corp, Honda Motors Co. Ltd, and Techtronic Industries Ltd, among others. These companies focus on capacity expansion, heavy production investments, and product launches. In the coming years, this trend is expected to continue and accelerate the growth of the market for outdoor power equipment. Furthermore, demand for the construction and furniture sectors is driving the growth of outdoor power equipment

Outdoor Power Equipment Market Segmentation

Grand View Research has segmented the global outdoor power equipment market based on the power source, end-use, equipment, and region:

Outdoor Power Equipment Power Source Outlook (Revenue, USD Million, 2018 - 2030)

• Gasoline
• Battery
• Electric Corded

Outdoor Power Equipment End-Use Outlook (Revenue, USD Million, 2018 - 2030)

• Residential
• Commercial/Government

Outdoor Power Equipment Type Outlook (Revenue, USD Million; Volume, Thousand Units, 2018 - 2030)

• Lawn Mower
• Walk-Behind Lawn Mowers
• Ride-on Lawn Mowers
• Robotic Lawn Mowers
• Zero -Turn Mowers
• Chainsaw
• Trimmer & Edger
• Trimmers & Brush Cutter
• Hedge Trimmers
• Walk-Behind Edgers & Trimmers
• Blowers
• Snow
• Leaf
• Tillers & Cultivators
• Snow Throwers
• Others

Outdoor Power Equipment Regional Outlook (Revenue, USD Million; Volume, Thousand Units, 2018 - 2030)

• North America
• U.S.
• Canada
• Europe
• U.K.
• Germany
• France
• Italy
• Netherland
• Denmark
• Finland
• Spain
• Russia
• Rest of Europe
• Asia Pacific
• China
• India
• Japan
• South Korea
• Singapore
• Australia
• Rest of Asia Pacific
• Latin America
• Brazil
• Mexico
• Argentina
• Rest of Latin America
• Middle East & Africa
• UAE
• Saudi Arabia
• South Africa
• Rest of Middle East & Africa

List of Key Players in Outdoor Power Equipment Market

• Husqvarna AB
• Makita Corp
• Honda Motors Co. Ltd
• Briggs & Stratton Corp.
• Andreas Stihl AG & Company KG
• MTD Holdings Inc.
• Stanley Black and Decker Inc.
• Andreas Stihl AG & Company KG
• CHERVON (China) Trading Co., Ltd
• Techtronic Industries Ltd.
• Yamabiko Corporation
• Robert Bosch
• AL-KO Kober Group
• Ariens Company
• The Toro Company
• Deere & Company

 About Us:
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.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com

 

Telecom Cloud Market Size is Predicted to Witness 19.9% CAGR till 2030

The global Telecom Cloud Market size is expected to reach USD 103.6 billion by 2030, according to a new report by Grand View Research, Inc. The market is anticipated to expand at a CAGR of 19.9% from 2022 to 2030. A telecom cloud is a next-generation network architecture that integrates cloud-native technologies, network function virtualization, and software-defined networking into a distributed computing network. Orchestration and automation are essential since the computing and network resources are scattered across clouds and locations.

Telco Cloud refers to shifting communications service providers (CSPs) from vertically integrating proprietary hardware-based infrastructure networks to cloud-based technologies. It is mainly used in the telecom business to refer to multi-cloud computing. The propelling drivers of the telecom industry are increased customer satisfaction, corporate agility, cost savings, and others. Also, the usage of standard computational hardware and automation reduces CapEx and OpEx resulting in increased adoption of telco cloud in the telecommunication industry.

It also delivers innovative bespoke B2B solutions, such as telcos may bring highly customized corporate products to market rapidly and affordably. Telco cloud makes it simple to collaborate with business service partners by providing access to public cloud services from any device, at any time. Additionally, it protects your consumers and profits from competitors; for instance, the telco cloud enables operators to swiftly alter business models to test new goods, services, and pricing schemes.

It also makes setting up new consumer experiences and communication channels easier. Furthermore, the lower CapEX and OPEX needs of telco cloud, better service resilience, and capacity to respond swiftly to faults and demand changes allow operators to maintain service levels and competitive pricing. These advantages result in lower client attrition.

The top trends in the telecom cloud industry are hybrid cloud hosting, Cloud Native Network Functions (CNNF), and telecom cloud collaboration. A hybrid cloud merges private and public clouds where the software and data are interoperable and portable. It allows telcos to optimize the operations with various patterns to manage workload. It improves resource allocation, optimizes infrastructure spending, provides enhanced organizational agility, and offers the ability to scale using the public cloud and controls available in the private cloud deployment.

Also, in the case of CNNF, Software-defined networking is replaced by NFV (Network Functions Virtualization), which provides more independence from proprietary servers and hardware. It provides a cloud-native architecture that combines VNFs and CNFs while adopting 5G features. This will provide maximum market coverage to telecom businesses looking to expand their services. Moreover, telecom cloud collaboration includes partnerships between hyperscalers and telcos which constitute a major cloud computing trend transforming the business.

Cloud service providers and telecom enterprises join forces to expand edge computing collaboration and 5G. Telecom cloud service providers are increasing their connectivity with the help of technology advancement to gain a competitive edge over their peers and capture a significant market share.

Related Press Release@ Telecom Cloud Market Report

Telecom Cloud Market Report Highlights

• Telecom cloud computing is a software-defined structure that allows telecom businesses to process and store data remotely in their data lakes or data processing centers
• In May 2022, Nokia also announced the launch of the cloud-native IMS (IP Multimedia Subsystem) Voice Core product, which will help CSPs (Communication Service Providers) to increase operational agility, simplify their network operations, and decrease the cost of managing their network
• Based on the component, the solution segment accounted for the largest revenue share of over 60.2% in 2021 as it offers unified communication and collaboration, content delivery networks, and other solutions
• The rising internet and mobile device penetration are driving the adoption of solutions. Additionally, exponentially expanding media content and demand for rich video content among increasing internet users and the digitalization trend among enterprises across end-user sectors drive the demand for telecom cloud solutions
• The deployment type segment comprises private, public, and hybrid cloud. The private cloud segment dominated the market in 2021 and is expected to witness a significant CAGR of 56.4% over the forecast period, owing to several benefits offered by this segment such as improved control, better security & data privacy, specialized computational resources such as RAN, VNF, and edge apps and services, along with cost -efficiency
• Based on the service model, the Software as a Service (SaaS) segment accounted for the largest revenue share of over 55.7% in 2021 owing to its potential to cut infrastructure expenses, shifting the cost base from capex to opex
• In terms of applications, the network, data storage & computing segment dominated the overall market, gaining a revenue share of 34.4% in 2021. The dominance of this segment is owing to its ability to perform several functions such as web application development, improved scalability, batch processing, and storage, hosting, and handling of peak workloads among others
• In terms of enterprise size, the large enterprises segment dominated the market in 2021 and is expected to witness a significant CAGR of 61.6% over the forecast period owing to the growing adoption of cloud-based technologies, which help small enterprises streamline their business operations cost-effectively

Telecom Cloud Market Segmentation

Grand View Research has segmented the global telecom cloud market based on component, deployment type, service model, application, enterprise size, and region:

Telecom Cloud Component Outlook (Revenue, USD Billion, 2017 - 2030)

• Solution
• Services
• Professional Services
• Managed Services

Telecom Cloud Deployment Type Outlook (Revenue, USD Billion, 2017 - 2030)

• Private
• Public
• Hybrid

Telecom Cloud Service Model Outlook (Revenue, USD Billion, 2017 - 2030)

• Software as a Service (SaaS)
• Platform as a Service (PaaS)
• Infrastructure as a Service (IaaS)

Telecom Cloud Application Outlook (Revenue, USD Billion, 2017 - 2030)

• Network, Data Storage, and Computing
• Traffic Management
• Cloud Migration
• Others

Telecom Cloud Enterprise Size Outlook (Revenue, USD Billion, 2017 - 2030)

• Large Enterprises
• SMEs

Telecom Cloud Regional Outlook (Revenue, USD Billion, 2017 - 2030)

• North America
• U.S.
• Canada
• Europe
• U.K.
• Germany
• France
• Asia-Pacific
• China
• India
• Japan
• South Korea
• South America
• Brazil
• Mexico
• Middle East & Africa

List of Key Players of Telecom Cloud Market

• Juniper Networks, Inc.
• IBM Corporation
• Mavenir
• Metaswitch Network
• Affirmed Networks
• Fortinet
• Orange
• Huawei Technologies Co., Ltd.
• VMWare
• Cisco
• Nokia
• Ericsson

About Us:
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.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com