Technology Market report

Tuesday, 5 March 2024

Location Of Things Market Size is Predicted to Witness 23.0% CAGR till 2030

The global Location Of Things Market size is expected to reach USD 216.68 billion by 2030, registering a CAGR of 23.0% from 2023 to 2030, according to a new report by Grand View Research, Inc. The increasing penetration of smartphones and enhanced network connectivity coupled with the increasing demand for personalized services are propelling the market growth.

Location of things is an emerging sub-category of the IoT concept that enables connected devices to monitor and communicate their geographic location. Enabled by IoT sensors and location technologies embedded into various connected devices allows organizations and service providers to collect a variety of data over the network. Over the years, a variety of location-based services has been introduced, such as Google Maps, Uber, Waze, and many others, which have been enabled by the ability of a smartphone to locate itself. Location being the most vital dimension of the data collected allows service providers to provide contextual content for each user.

Advancements in connected wearable devices, connected vehicles, connected homes, smart cities, and Industrial IoT (IIoT) are bound to open extensive market avenues for the location of things market in the coming years. However, issues related to privacy and safety along with universally accepted standards are expected to challenge the industry.

List of Key Players in the Location Of Things Market

ESRI
Wireless Logic
HERE
Navizon, Inc.
Bosch.IO GmbH
Pitney Bowes Inc.
TIBCO (Cloud Software Group, Inc.)
Trimble Inc.
Qualcomm Technologies, Inc.

Related Press Release@ Location Of Things Market Report

Location Of Things Market Report Highlights

North America dominated the global market and accounted for the largest revenue share of 30.3% in 2022. Technology proliferation, increased penetration of smartphones, and enhanced network connectivity have led to a faster adoption rate in North America than in other regions.
The mapping and navigation segment accounted for the highest revenue share of around 33.3% in 2022 and is estimated to register the fastest CAGR of 24.2% over the forecast period. The mapping and navigation technology enables users to track and monitor the movement of various physical devices.
The transportation and logistics segment accounted for the largest revenue share of around 24.8% in 2022 and is estimated to register the fastest CAGR of 24.4% over the forecast period, which is followed by the manufacturing and industrial segment. The development of connected car technologies and a variety of logistics solutions have enhanced the operational efficiencies and reduced the time-to-delivery for the transportation sector.
Asia Pacific is expected to register the highest CAGR of 24.7% over the forecast period owing to the increased spending on connected devices, investments in various IoT technologies, and increasing demand for personalized services.

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Location Of Things Market Segmentation

Grand View Research has segmented the global location of things market on the basis of on application, vertical, and region:

Location Of Things Application Outlook (Revenue, USD Million, 2017 - 2030)

Mapping And Navigation
Asset Management
Location Intelligence
Media And Marketing Engagement

Location Of Things Vertical Outlook (Revenue, USD Million, 2017 - 2030)

Government, Defence And Public Utilities
Transportation And Logistics
Retail And Consumer Goods
Manufacturing And Industrial
Healthcare
Others

Location Of Things Regional Outlook (Revenue, USD Million, 2017 - 2030)

North America

U.S.
Canada

Europe

UK
Germany
France

Asia Pacific

China
Japan
India
Australia
South Korea

Latin America

Brazil
Mexico

Middle East And Africa

United Arab Emirates (UAE)
Saudi Arabia
South 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

Friday, 1 March 2024

AI Governance Market by Nike, Inc.; Adidas Group; MIZUNO Corporation; Shock Doctor, Inc.

The global AI Governance Market size is projected to reach USD 1,418.3 million by 2030, according to a study conducted by Grand View Research, Inc., recording a 35.6% CAGR during the forecast period. Owing to the increasing benefits of Al, businesses, and governments across the globe are beginning projects to adopt artificial intelligence (Al) and machine learning (ML) technologies and establish themselves as market leaders. To embrace Al governance solutions, government organizations from many nations are creating councils, new rules and regulations, and frameworks. The main goals of governments using Al governance solutions are to increase public trust in Al technology and to preserve private information and civil rights. Additionally, several businesses have established committees in partnership with suppliers of Al solutions, academic institutions, and research centers to identify risk issues for Al technology.

Cloud providers progressively implement ethical norms and principles to ensure AI workloads, which are developed and utilized responsibly. Cloud providers work with governing bodies, regulatory agencies, and other organizations to create AI governance frameworks. These collaborations pool knowledge from several fields to create comprehensive and efficient AI governance frameworks. For instance, In February 2022, Virtana announced the creation of a platform for managing hybrid cloud installations that use machine learning, artificial intelligence, and data analytics. With this platform's observability, customers can manage app workloads in private, public, multi-cloud, and hybrid environments.

Explainability and transparency are critical components of AI governance in healthcare. Healthcare professionals and patients must comprehend how AI algorithms function to enhance patient care. Healthcare AI governance frameworks strongly emphasize the requirement for concise and open explanations of AI algorithms' operation. All medical technologies are developed by businesses or through public-private partnerships. IoT has several applications in healthcare and can improve physician treatment delivery while keeping patients healthy and safe. As a result, there is an increase in demand for Al governance in healthcare, which is projected to fuel the growth of the segment in the future.

North America is one of the early adopters of AI technologies and is predicted to generate substantial prospects for industry growth. For instance, the U.S. national plan has recommended the creation of an AI research & development and implementation framework to assist organizations in integrating ethical considerations into the R&D while maintaining public engagement and better organization marketing. Additionally, the American government is actively implementing AI governance measures. Following the Department of Defense's AI strategy aims, the government announced adopting AI ethical standards, easing the moral and legal use of AI systems by the U.S. military and related companies.

List of Key Players in Artificial Intelligence (AI) Governance Market

ABB Ltd
DXC Technology Company
IBM Corporation
Infosys Ltd
Microsoft Corporation
NTT Data
Oracle Inc
SAP SE
Siemens SA
Tata Communication Services (TCS) Ltd
TIBCO

Related Press Release@ AI Governance Market Report

AI Governance Market Report Highlights

The global market is forecasted to expand at a CAGR of 35.6% over the forecast period
Based on vertical, the government and defense segment dominated the market for AI governance in 2022
Healthcare facilities across the globe are utilizing AI systems to identify diseases through a patient's voice or a chest x-ray. Several nations have also proposed surveillance systems to track the person-to-person spread of several viruses. From Asia to Europe, several organizations from the public & private sectors have joined forces to track the spread of the various viruses using AI-based technology
The solutions segment is anticipated to expand throughout the projected time frame for several reasons, including increasing user adoption for AI-based systems, growing dependency, among others
Prominent players in the market include ABB, DXC Technology Company, IBM, Infosys, Microsoft, NTT Data, Oracle, SAP SE, Siemens, Tata Communication Services (TCS), TIBCO

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AI Governance Market Segmentation

Grand View Research has segmented the global AI governance market based on component, deployment, organization size, vertical, and region:

Artificial Intelligence (AI) Governance Component Outlook (Revenue, USD Million; 2017 - 2030)

Solution
Services

Artificial Intelligence (AI) Governance Deployment Outlook (Revenue, USD Million; 2017 - 2030)

On-Premises
Cloud

Artificial Intelligence (AI) Governance Organization Size Outlook (Revenue, USD Million; 2017 - 2030)

Large Enterprise
SMEs

Artificial Intelligence (AI) Governance Vertical Outlook (Revenue, USD Million; 2017 - 2030)

BFSI
Government and Defense
Healthcare and life sciences
Media and Entertainment
Retail
IT and Telecommunication
Automotive
Others (Education, Travel and Tourism, Manufacturing and Etc.)

Artificial Intelligence (AI) Governance Regional Outlook (Revenue, USD Million; 2017 - 2030)

North America

U.S.
Canada

Europe

Germany
U.K.
France

Asia Pacific

China
Japan
India
South Korea
Australia

Latin America

Brazil
Mexico

Middle East and Africa

Kingdom of Saudi Arabia (KSA)
UAE
South Africa

Wednesday, 28 February 2024

Customer Data Platform Market Size is Predicted to Witness 27.5% CAGR till 2025

The global Customer Data Platform Market size is expected to reach USD 5.66 billion by 2025, registering a CAGR of 27.5% from 2019 to 2025, according to the new study conducted by Grand View Research, Inc. The growing demand for assimilating and storing unstructured and structured consumer data, automatically obtained from various media touchpoints, is driving the adoption of CDP among B2B and B2C marketers. Furthermore, the need to engage and improve customer lifecycle by comprehending the collected insights is also contributing to the growth of the market.

Currently, brands and marketers accumulate huge volumes of customer data in the form of demographic, behavioral, and transactional segments. The collected data points are either stored as databases by a different organization or by departments of the company. This poses challenges pertaining to data tracking and data redundancy. Furthermore, information gathering based on cross-platform and online activities for customer conversion and engagement also remains a challenge for marketers. These factors are driving the demand for a customer database platform, which can assimilate and store data points in a unified behavior.

Unified customer profiles enable marketers to enhance their marketing strategies and improve customer experience. Retail and consumer goods were the early adopters of customer data platforms and the adoption gradually increased among the financial services, travel, IT and Telecom, and healthcare verticals. The growing importance of first-party customer data and the rise in adoption of omnichannel media among marketers are the other factors contributing to the market growth. The addition of machine learning and AI technologies is expected to enable enterprises to easily select a list of profiles using predictive modeling and other tactical applications, further driving the customer data platform market growth.

The increasing number of CDP vendors, who are raising higher funds, is driving the market growth. In 2018, CDP vendors generated funds worth more than USD 1.5 billion and registered a growth by 48% in funding as compared to the previous year. As per the CDP Institute’s study, the industry witnessed an increase in the number of CDP vendors from 77 vendors in 2018 to 96 vendors in July 2019. These factors are expected to lead to considerable growth of the CDP market over the forecast period.

Related Press Release@ Customer Data Platform Market Report

Customer Data Platform Market Report Highlights

The analytics segment growth can be attributed to the high demand for automating segmentation lists and marketing & analysis of products using predictive modeling & machine learning technology-based models
The retail application segment accounted for more than 28% of the market share 2018 owing to use of CDP to engage customers, improve customer loyalty, and enhance consumer experience
The North American regional market accounted for the largest revenue share in 2018 and is anticipated to continue to dominate the CDP market over the forecast period
The key industry participants include ActionIQ; Adobe; AgileOne; ENSIGHTEN; mParticle, Inc.; NGDATA, Inc.; Salesforce.com, Inc.; Segment.io, Inc.; and Tealium.

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Customer Data Platform Market Segmentation

Grand View Research has segmented the global customer data platform market on the basis of type, application, and region.

Customer Data Platform Type Outlook (Revenue, USD Million, 2015 - 2025)

Analytics
Campaign
Access

Customer Data Platform Application Outlook (Revenue, USD Million, 2015 - 2025)

Retail
Banking, Financial Services, and Insurance (BFSI)
Telecom, Media, and Technology (TMT)
Travel
Healthcare
Discrete Manufacturing
Others

Customer Data Platform Regional Outlook (Revenue, USD Million, 2015 - 2025)

North America

U.S.
Canada

Europe

U.K.
France
Netherlands

Asia Pacific

China
India
Japan
Australia

Latin America

Brazil

Middle East & Africa

Monday, 26 February 2024

Autonomous Ships Market Size is Predicted to Witness 13.5% CAGR till 2025

The global Autonomous Ships Market size is expected to reach USD 13.4 billion by 2025, registering a CAGR of 13.5% over the forecast period, according to a new study conducted by Grand View Research, Inc. Autonomous ships use several systems and components including sensors, propulsion systems, and intelligent navigation systems involving the use to Artificial Intelligence (AI) and Internet of Things (IoT). Use of such systems reduces the operational cost of ships, which is one of the key factors driving the market growth.

Autonomous ships offer several direct and indirect benefits. Direct benefits can be listed at the level of vessel that include more efficient use of crew and their skills, more efficient use of ship space, and increased fuel efficiency. Shipping companies would witness a positive effect in terms of revenue with autonomous applications as a result of reduction in cost of employing sailors along with the increased cargo space on the vessel. Moreover, autonomous shipping permits improved optimization of processes and operations. Real-time data is used for optimizing the operations thereby providing economies of scale at the company’s level. Additionally, service quality and safety during the fleet would be highly improved through the use of autonomous shipping.

Shipping companies are increasingly investing in developing and testing the practical applications of autonomous ships to gain insights on the possible lags in critical applications of these vessels, such as defense. Although huge amount of time would be invested in simulation and testing of unmanned vessels across critical applications, maritime system and service providers are developing advanced and intelligent maritime systems to be deployed in these unmanned ships. The growing acceptance of remotely controlled systems and software coupled with increasing investment in autonomous maritime environment is expected to provide several growth avenues for the autonomous ships market.

Furthermore, advent of autonomous shipping would pave the way for new suppliers, especially the suppliers of hardware and software system and technology suppliers in the maritime industry. Additionally, the unmanned ships require less reaction time in performance of systems as compared to systems used in cars and airplanes. Therefore, marine industry becomes more lucrative for system and software suppliers to enter. However, stringent regulatory environment pertaining to the use of autonomous vessels makes maritime industry a tough business environment to enter.

Related Press Release@ Autonomous Ships Market Report

Further key findings from the study suggest:

· The fully autonomous ships segment is expected to register a CAGR of more than 17% over the forecast period, owing to the reduced manpower in autonomous shipping environment

· The systems and solutions segment held the largest market share in 2018, primarily due to the increased deployment of these systems in multi-purpose vessels

· The commercial segment dominated the autonomous ships market in 2018 and is expected to hold the largest revenue share by 2025, owing to the safety and ease in deployment of autonomous systems in commercial vessels

· Asia Pacific is expected to account for the highest market share, followed by Europe, by 2025 owing to the high investments in R&D of autonomous maritime environment across countries, especially China

· ABB, Rolls-Royce, Wartsila, Kongsberg Gruppen, Rh Marine, L3 ASV, and Siemens are some of the key players operating in the market

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Grand View Research has segmented the global autonomous ships market on the basis of autonomy level, solutions, end use, and region:

Autonomous Ships Autonomy Level Outlook (Revenue, USD Million, 2015 - 2025)

· Semi-autonomous

· Fully Autonomous

Autonomous Ships Solutions Outlook (Revenue, USD Million, 2015 - 2025)

· Systems & Software

· Structure

Autonomous Ships End-use Outlook (Revenue, USD Million, 2015 - 2025)

· Commercial

o Passenger Cruise

o Bulk Carrier & Container Ships

o Tankers

o Others

· Defense

o Submarines

o Aircraft Carriers

o Destroyers

o Frigates

Autonomous Ships Regional Outlook (Revenue, USD Million, 2015 - 2025)

· North America

o U.S.

o Canada

· Europe

o U.K.

o Germany

o France

· Asia Pacific

o China

o India

o Japan

· Latin America

o Brazil

o Mexico

· Middle East & Africa