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Red Hat Opens the Linux Experience to Every Enterprise, Every Cloud and Every Workload with Red Hat Enterprise Linux 8

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Red Hat, Inc. (NYSE: RHT), the world’s leading provider of open source solutions, announced at the RED HAT SUMMIT the general availability of Red Hat Enterprise Linux 8, the operating system designed to span the breadth of deployments across enterprise IT. For any workload running on any environment, Red Hat Enterprise Linux 8 delivers one enterprise Linux experience to meet the unique technology needs of evolving enterprises. From deploying new Linux workloads into production to launching digital transformation strategies, the next-generation enterprise is built on top of the world’s leading enterprise Linux platform.

Red Hat Enterprise Linux 8 is the operating system redesigned for the hybrid cloud era and built to support the workloads and operations that stretch from enterprise datacenters to multiple public clouds. Red Hat understands that the operating system should do more than simply exist as part of a technology stack; it should be the catalyst for innovation. From Linux containers and hybrid cloud to DevOps and artificial intelligence (AI), Red Hat Enterprise Linux 8 is built to not just support enterprise IT in the hybrid cloud, but to help these new technology strategies thrive.

As the importance of hybrid cloud and multicloud deployments grow, the operating system must evolve as well. According to IDC[1], 70 percent of customers already deploy multicloud environments and 64 percent of applications in a typical IT portfolio today are based in a cloud environment, whether public or private. Red Hat views the operating system as the keystone to this IT innovation and more, especially as Red Hat Enterprise Linux is poised to impact more than US$10 trillion in global business revenues in 2019[2], according to a Red Hat-sponsored IDC study.

Red Hat Enterprise Linux 8: Intelligent Linux for the hybrid cloud

For more than 15 years, Red Hat has helped enterprises innovate on Linux, first in their datacenters and now across the hybrid cloud. As datacenters grow in scale and scope and workload complexity builds, the skills required to deploy and maintain Linux-based production systems become increasingly critical. With the announcement of Red Hat Enterprise Linux 8, this intelligence and expertise is now built-in to Red Hat Enterprise Linux subscriptions by default with Red Hat Insights, delivering Red Hat’s Linux expertise as-a-service.

Red Hat Insights helps proactively identify and remediate IT issues, from security vulnerabilities to stability problems. It uses predictive analytics based on Red Hat’s vast knowledge of open technologies to help administrators avoid problems and unplanned downtime in production environments.

Managing systems dispersed across a variety of on-premise and cloud-based infrastructure can present a significant challenge to IT organizations. Red Hat Smart Management, a layered add-on for Red Hat Enterprise Linux, helps IT teams gain the benefits of hybrid cloud computing while minimizing its inherent management complexities. Combining Red Hat Satellite for on-premise systems management and cloud management services for distributed Red Hat Enterprise Linux deployments, Red Hat Smart Management provides rich capabilities to manage, patch, configure and provision Red Hat Enterprise Linux deployments across the hybrid cloud.

Red Hat Enterprise Linux 8: Blazing a faster path to modern applications

To meet evolving business demands, IT organizations are looking to new workloads, from artificial intelligence (AI) to the Internet-of-Things (IoT), to drive competitive advantages in crowded marketplaces. Linux provides the innovative muscle to power these differentiated services, but only Red Hat Enterprise Linux 8 delivers this innovation along with a hardened code base, extensive security updates, award-winning support and a vast ecosystem of tested and validated supporting technologies.

Red Hat Enterprise Linux has always been known as a stable and secure foundation for applications. However, in the past it was hard to get the most up-to-date languages and frameworks that developers wanted without compromising that stability. Red Hat Enterprise Linux 8 introduces Application Streams – fast-moving languages, frameworks and developer tools are updated frequently in this stream without impacting the core resources that have made Red Hat Enterprise Linux an enterprise benchmark. This melds faster developer innovation with production stability in a single, enterprise-class operating system.

Red Hat Enterprise Linux 8: Introducing a world of opportunity for everyone

Linux continues to be the number one operating system for developers building the next generation of enterprise applications. As these applications move into production, stability, enhanced security and testing/certification on existing hardware and environments become paramount needs. This shifts the onus from developers to operations teams and, paired with the trend of Linux being looked to as a primary platform for production applications, makes Linux administration and management skills critical for modern datacenters. Red Hat Enterprise Linux 8 is designed to lower the barrier to entry for Linux, enabling greater accessibility for Windows administrators, Linux beginners and new systems administrators without fear of the command line.

Red Hat Enterprise Linux 8 abstracts away many of the deep complexities of granular sysadmin tasks behind the Red Hat Enterprise Linux web console. The console provides an intuitive, consistent graphical interface for managing and monitoring Red Hat Enterprise Linux system, from the health of virtual machines to overall system performance. To further improve ease of use, Red Hat Enterprise Linux supports in-place upgrades, providing a more streamlined, efficient and timely path for users to convert Red Hat Enterprise Linux 7 instances to Red Hat Enterprise Linux 8 systems.

Red Hat Enterprise Linux 8 also includes Red Hat Enterprise Linux System Roles, which automate many of the more complex tasks around managing and configuring Linux in production. Powered by Red Hat Ansible Automation, System Roles are pre-configured Ansible modules that enable ready-made automated workflows for handling common, complex sysadmin tasks. This automation makes it easier for new systems administrators to adopt Linux protocols and helps to eliminate human error as the cause of common configuration issues.

Red Hat Enterprise Linux: Enabling the world of possibilities without sacrificing security

IT innovation is rooted in open source, with Linux often serving as the catalyst for major advancements in enterprise technology, from Linux containers and Kubernetes to serverless and AI. Backed by a more secure, hardened open source supply chain, Red Hat Enterprise Linux 8 helps pave the way for IT organizations to adopt production-ready innovation by deploying only the necessary packages for specific workloads. This enhances the adoption of emerging technologies while helping to minimize potential risk.

To enhance security, Red Hat Enterprise Linux 8 supports the OpenSSL 1.1.1 and TLS 1.3 cryptographic standards. This provides access to some of the strongest, latest standards in cryptographic protection that can be implemented system-wide via a single command, limiting the need for application-specific policies and tuning.

With cloud-native applications and services frequently driving digital transformation, Red Hat Enterprise Linux 8 delivers full support for the Red Hat container toolkit. Based on open standards, the toolkit provides technologies for creating, running and sharing containerized applications. It helps to streamline container development and eliminates the need for bulky, less secure container daemons.

Every datacenter. Every cloud. Every application.

Red Hat Enterprise Linux 8 drives a thriving partner ecosystem, as is expected of Red Hat Enterprise Linux, encompassing thousands of certified applications, Linux container images, hardware configurations and cloud providers. Building on the deep collaborations forged by Red Hat with other IT leaders and through extensive testing, Red Hat Enterprise Linux 8 drives added value for specific hardware configurations and workloads, including the Arm and POWER architectures as well as real-time applications and SAP solutions.

Red Hat Enterprise Linux 8 forms the foundation for Red Hat’s entire hybrid cloud portfolio, starting with Red Hat OpenShift Container Platform 4 and the upcoming Red Hat OpenStack Platform 15. Also built on Red Hat Enterprise Linux 8 is the forthcoming Red Hat Enterprise Linux CoreOS, a minimal footprint operating system designed to host Red Hat OpenShift Container Platform deployments.

Red Hat Enterprise Linux 8 is also broadly supported as a guest operating system on Red Hat hybrid cloud infrastructure, including Red Hat OpenShift 4, Red Hat OpenStack Platform 15 and Red Hat Virtualization 4.3.

The launch of Red Hat Enterprise Linux 8 also coincides with the general availability of the Red Hat Universal Base Image, a userspace image derived from Red Hat Enterprise Linux for building Red Hat certified Linux containers. The Red Hat Universal Base Image is available to all developers with or without a Red Hat Enterprise Linux subscription, providing a more secure and reliable foundation for building enterprise-ready containerized applications. Applications built with the Universal Base Image can be run anywhere with the benefits of the Red Hat Enterprise Linux life cycle and support from Red Hat when run on Red Hat Enterprise Linux or Red Hat OpenShift Container Platform.

Supporting Quotes

Paul Cormier, president, Products and Technologies, Red Hat
“Over the past two decades, we’ve seen Linux grow from a niche operating system to a default for enterprise datacenters. Red Hat Enterprise Linux has been at the forefront of this evolution, supporting nearly every workload and enterprise IT environment that our partners and customers can conceive. Red Hat Enterprise Linux 8 continues this work, but delivers more than just production-ready Linux; it provides a catalyst for innovation at cloud-scale. ”

Stefanie Chiras, vice president and general manager, Red Hat Enterprise Linux, Red Hat
“Innovation and Linux are inseparable – from building the Internet’s backbone to forming the first neurons of AI, Linux drives IT’s present and future. Red Hat Enterprise Linux 8 embraces the role of Linux as IT’s innovation engine, crystallizing it into an accessible, trusted and more secure platform. Spanning the entirety of the hybrid cloud, the world’s leading enterprise Linux platform provides a catalyst for IT organizations to do more than simply meet today’s challenges; it gives them the foundation and tools to launch their own future, wherever they want it to be.”

Fabio Martinez, senior manager, Architecture & Global Deployment, BBVA
“As we work to digitally transform our company to provide more services faster to our customers, we still need to have a stable, more secure operating system underpinning our IT environment. Red Hat Enterprise Linux 8 emphasizes providing innovation along with hardened code and security updates, key characteristics for us as we build our cloud-native strategy with Red Hat’s hybrid cloud technologies, including Red Hat OpenShift Container Platform.”

Jim Nauer, IT engineer, Case Western Reserve University
“Red Hat Enterprise Linux 8 Application Streams will allow us to provide our researchers an OS platform with not only an enterprise support lifecycle, but also access to up-to-date languages and tools in a way that interoperates easily with third-party source code.”

Tibor Incze, technical lead, Red Hat Enterprise Linux, Datacom Systems Ltd.
“The capacity for Red Hat Enterprise Linux 8 to not only run multiple versions of the same application or database on a specific operating system but to also have a clear and efficient way to manage them is a significant benefit to Datacom and our customers. As we continue to execute on our internal DevOps strategy, we’re also pleased to see improved container capabilities in the operating system and extensive automation, all factors that will help us bring differentiated services to our end users.”

Kevin Ichhpurani, corporate vice president, Partners Ecosystem, Google Cloud
“Google Cloud and Red Hat are deepening our collaboration to enable enterprise-grade solutions for customers with the availability of Red Hat Enterprise Linux 8 on Google Cloud. We’re excited to bring together our innovative technologies and services to help even more businesses gain the benefits of cloud.”

Arvind Krishna, senior vice president, Cloud and Cognitive Software, IBM
“As companies enter the next phase of their cloud journey, they need a hybrid cloud strategy that incorporates their own data centers with multiple private and public clouds in an open and secure way. IBM and Red Hat have been working together for more than 20 years to drive innovation through open source, first with IBM serving as an early supporter of Linux, helping to develop and grow it for the enterprise, and more recently to bring Kubernetes and hybrid cloud solutions to customers.”

Ashish Nadkarni, group vice president, Infrastructure Systems, Platforms and Technologies Group, IDC
“Enterprises need to build and modernize their infrastructure upon a more secure, stable, high-performing platform. Red Hat Enterprise Linux is the foundation for the enterprise hybrid cloud, designed to scale to meet the needs of organizations today and tomorrow with the same user experience regardless of the underlying infrastructure.”

John Gossman, distinguished engineer, Microsoft Azure
“We have seen growth in applications being deployed using Red Hat Enterprise Linux on Azure, including Microsoft SQL Server, for cloud-native, hybrid, and cloud migration scenarios. We’re excited to see what customers will create with Red Hat Enterprise Linux 8 on Azure with continued integrated support from Microsoft and Red Hat, as well as the operating system’s new capabilities to build applications for workloads like AI.”

Arlen Shenkman, executive vice president, Global Business Development and Ecosystems, SAP
“Red Hat Enterprise Linux 8 for SAP Solutions offers high availability capabilities, which are important for SAP workloads, and downtime is unacceptable for business critical applications such as S/4HANA. For more than two decades, we’ve worked with Red Hat on maintaining a stable, open foundation for SAP applications, helping our customers make smarter decisions, faster, across the hybrid cloud.”

Jason Beard, senior Linux administrator, Stream (Stream Energy)
“The energy market is complex and highly competitive, especially when it comes to being able to deliver updated information as quickly as possible to our customers. As an existing Red Hat Enterprise Linux user, the in-place upgrade capabilities of Red Hat Enterprise Linux 8 provide an opportunity for us to continue answering customer demand without taking systems offline to upgrade the operating system. We are also very interested in the container capabilities presented by Red Hat Enterprise Linux 8, especially as our development environment continues to evolve to drive additional business value.”

Additional Resources

Connect with Red Hat

 

SOURCE Red Hat, Inc.

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Wladimir P. is a Content Editor at European Gaming Media and at PICANTE Media and covers a large variety of industries.

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Free Your Hands, QIDI Vida Smart AR Glasses Lead the Way in New Sports Experience.

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April 19, 2024

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NEW YORK, April 19, 2024 /PRNewswire/ — Outdoor smart AR glasses, QIDI Vida, will officially launch on 23rd April on the Kickstarter platform.  QIDI Vida integrates the many functions of smart watches, sports headphones, cycling computers, heart rate monitors, and walkie-talkies using AR+AI technology, allowing users to bid farewell to cumbersome device management and enjoy outdoor sports anytime, anywhere with just one pair of glasses.

 
Function:
QIDI Vida uses high-tech HUD (Head-Up Display) which is similar to the technology used for aircrafts and premium cars and introduces it to the sports industry. Users can activate the HUD function at any time using voice control, enabling them to focus on the route ahead whilst simultaneously having access to information such as navigation, speed, heart rate, power and cadence, among other metrics. Another great function of the QIDI Vida is that users can also enjoy audiovisual entertainment through the optically perceived 100-inch AR  HUD screen, when having some down time. 
As cyclists and hikers often travel in groups, QIDI Vida supports eSIM and team functionality, allowing real-time voice communication without releasing handlebars, and users can monitor their groups’ real-time locations. The glasses also have comprehensive sensing and monitoring capabilities including temperature, humidity, UV, air pressure, geomagnetism and acceleration. In addition to obtaining environmental and health information, it also features health warnings such as altitude sickness symptoms and high heart rate, as well as fall and collision detection functions. And, in the event of danger, it can send distress signals to teammates.
Perks:
QIDI Vida has a global voice recognition and interaction feature that allows you to control all functions within the device by voice. To better provide users with an immersive sports experience, QIDI Vida’s intelligent system will have the capability to instantly gather personalised sports data, enabling it to deliver timely voice alerts and broadcasts, including the duration of exercise, distance, the environment and the weather – all tailored to the user’s preferences.
QIDI Vida enables voice-controlled photos and video recordings, allowing users to capture moments whilst cycling or hiking without the need to stop. QIDI Vida supports connections with common cycling smart hardware such as Garmin, Wahoo, Apple, and Samsung, supports GPX route files, and is compatible with professional sports apps such as Strava, Keep, Zwift, Apple Health, and All Trails.
QIDI Vida stands out for its lightweight and comfortable design with a dual lens for a full-colour data display, unlike competing AR glasses that typically have a single lens and limited colour. This innovation significantly enhances and augments the user’s sports and reality experience.
QIDI Vida will launch on the Kickstarter platform: https://www.kickstarter.com/projects/109560964/qidi-vida-smart-ar-glasses-for-sports
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Risk Analytics Market worth $180.9 billion by 2029 – Exclusive Report by MarketsandMarkets™

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16 hours ago

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April 19, 2024

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CHICAGO, April 19, 2024 /PRNewswire/ — The growing use of real-time monitoring and advanced analytics, integration with cutting-edge technologies like blockchain and IoT, and an emphasis on cybersecurity, cross-industry applications, and regulatory compliance are the key factors that will shape the risk analytics market in the future. The market’s development will also be influenced by collaborative risk management, improved user experience, and an increasing focus on ESG factors and risk culture.

The Risk Analytics Market is estimated to grow from USD 59.7 billion in 2024 to USD 180.9 billion in 2029, at a CAGR of 24.8% during the forecast period, according to a new report by MarketsandMarkets™.  Several trends fuel the global spread of Risk Analytics. Increasingly Increasing Data Complexity, Rising Cybersecurity Threats and Rising Adoption of Cloud-Based Solutions A growing talent pool of data scientists and engineers is building the necessary tools and infrastructure. Governments are recognizing the potential of risk analytics for economic growth and are investing in research and development. These trends make DI more accessible and valuable, leading to its global adoption.
Browse in-depth TOC on “Risk Analytics Market”260 – Tables 60 – Figures350 – Pages
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=210662258
Scope of the Report
Report Metrics
Details
Market size available for years
2019–2023
Base year considered
2023
Forecast period
2024–2029
Forecast units
USD Billion
Segments Covered
Offering,Risk Type, Risk stages, Vertical, and Region.
Geographies covered
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America
Companies covered
IBM (US), SAS Institute (US), Oracle (US), FIS(US), Moody’s Analytics (US), ProcessUnity(US), ServiceNow (US), Marsh (US), Aon (UK), MetricStream (US), Resolver (Canada), SAP (Germany), Milliman(US), LogicManager(US), Provenir(US), SAI360(US), Deloitte(UK), OneTrust(US), Diligent(US), Alteryx(US), CRISIL(India), Archer(US), ZestyAI(US), Fusion Risk Management(US), RiskVille(Ireland), SPIN Analytics(UK), Kyvos Insights(US), Imperva(US), Cirium(UK), Quantexa(UK), ClickUp(US), Sprinto(US), Ventiv(US), Adenza(US), Centrl.AI(Canada), SafetyCulture(Australia), Quantifi(US), CubeLogic(UK), Onspring(US), Riskoptics(US)
 
By offering the services segment to account for higher CAGR during the forecast period
In the Risk Analytics Market, the highest CAGR of services is fueled by Increasing Complexity of Risks, AI and machine learning advancements, big data analytics integration, business process optimization, cloud-based solutions adoption, data-driven culture, and diverse industry adoption. These trends reflect a global shift towards leveraging data for competitive advantage, driving a continuous need for sophisticated risk analytics services across sectors. As businesses prioritize agility, the growth of services in the Risk Analytics Market is driven by the need for effective risk management strategies in an increasingly complex and uncertain business environment.
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By Type, GRC software is expected to hold the largest market size for the year 2024
GRC software typically offers comprehensive solutions that cover a wide range of risk management needs, including compliance management, policy management, audit management, and risk assessment. They also provide organizations with enhanced visibility into their risk landscape. Through features such as risk assessment, risk monitoring, and reporting, organizations can identify and prioritize risks more effectively, enabling proactive risk management strategies.  GRC software streamlines risk management processes through automation, reducing manual effort and increasing efficiency. Tasks such as risk assessments, control testing, and incident management can be automated, freeing up resources to focus on strategic risk mitigation efforts. the combination of comprehensive functionality, regulatory compliance support, efficiency gains, scalability, integration capabilities, and culture enhancement makes GRC software a preferred choice for many organizations seeking to manage risk effectively.
By Vertical, Healthcare & Life Sciences is projected to grow at the highest CAGR during the forecast period
The Healthcare and Lifesciences is experiencing a surge in the adoption of risk analytics due to a confluence of factors. Healthcare providers and life sciences companies wants to ensure the safety and well-being of patients. Risk analytics helps in identifying potential risks to patient safety, such as medication errors, adverse events, and medical device failures. The healthcare and life sciences industries are heavily regulated, with strict guidelines for patient care, data privacy, drug development, and clinical trials. Risk analytics helps organizations ensure compliance with these regulations by identifying and mitigating risks of non-compliance.  Healthcare organizations and life sciences companies also face financial risks associated with fraud, billing errors, revenue cycle management, and reimbursement challenges. Risk analytics helps in detecting anomalies and optimizing financial processes to mitigate these risks.
Asia Pacific is expected to grow at the highest CAGR during the forecast period
The Asia-Pacific (APAC) region is experiencing rapid growth in the Risk Analytics Market, boasting the highest Compound Annual Growth Rate (CAGR). This surge is primarily attributed to rising demand for data-driven decision-making solutions, expanding digital transformation initiatives across industries.. Moreover, the region’s favorable regulatory environment, growing investments in big data analytics, and the integration of advanced technologies like the Internet of Things (IoT) further propel APAC’s dominance in Risk Analytics Market growth.
Top Key Companies in Risk Analytics Market:
The major risk analytics software and service providers include IBM (US), SAS Institute (US), Oracle (US), FIS(US), Moody’s Analytics (US), ProcessUnity(US), ServiceNow (US), Marsh (US), Aon (UK), MetricStream (US), Resolver (Canada), SAP (Germany), Milliman(US), LogicManager(US), Provenir(US), SAI360(US), Deloitte(UK), OneTrust(US), Diligent(US), Alteryx(US), CRISIL(India), Archer(US), ZestyAI(US), Fusion Risk Management(US), RiskVille(Ireland), SPIN Analytics(UK), Kyvos Insights(US), Imperva(US), Cirium(UK), Quantexa(UK), ClickUp(US), Sprinto(US), Ventiv(US), Adenza(US), Centrl.AI(Canada), SafetyCulture(Australia), Quantifi(US), CubeLogic(UK), Onspring(US), Riskoptics(US). These companies have used both organic and inorganic growth strategies such as product launches, acquisitions, and partnerships to strengthen their position in the Risk Analytics Market.
Recent Developments:
In March 2024, Orcale announced Oracle Risk Management Cloud in Release 24B. It offers comprehensive solution designed to help organizations identify, assess, and mitigate risks across their business operations. It offers advanced analytics, automation, and collaboration tools to streamline risk management.In March 2024, FIS Global announces card fraud detection capabilities leveraging artificial intelligence (AI) with aim to bolster FIS’s ability to identify and prevent fraudulent transactions, providing greater security for cardholders and financial institutions alike.In March 2024, Aon acquired an AI-powered platform to assist fleet and mobility clients in making data-driven decisions, enhancing operational efficiency and risk management. The platform utilizes artificial intelligence to analyze data and provide insights, enabling clients to optimize their fleet operations and improve decision-making processes.In March 2024, Crisp joined Resolver, with the aim to enhance Resolver’s risk intelligence capabilities by integrating Crisp’s expertise and technology into its platform, offering clients improved risk assessment and mitigation tools.In February 2024, SAS partnered with Carahsoft to bring analytics, AI, and data management solutions to the public sector. The aim is to leverage SAS’s expertise in advanced analytics and Carahsoft’s extensive government market reach to offer tailored solutions that enable public sector organizations to harness the power of data for informed decision-making and improved outcomes.Inquire Before Buying@ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=210662258
Risk Analytics Market Advantages:
By offering insights into potential risks, opportunities, and trends, risk analytics helps organisations make data-driven decisions that improve strategic planning and resource allocation.In order to improve risk management procedures and lessen exposure to possible threats, risk analytics solutions assist businesses in identifying, evaluating, and mitigating risks across a range of business activities, including finance, operations, and compliance.Through real-time monitoring and anomaly detection made possible by risk analytics, organisations may proactively address shifting market situations, legal requirements, and cybersecurity threats.Risk analytics solutions assist organisations lower operating costs, increase productivity, and streamline compliance activities, which results in cost savings and resource optimisation. They do this by streamlining risk management procedures and automating routine work.Accurate risk assessments, audit trails, and reporting capabilities are just a few of the ways that risk analytics solutions help organisations comply with regulations and stay out of trouble.Organisations can enhance their resilience and competitiveness by anticipating and mitigating potential hazards before they materialise through the use of predictive modelling and advanced analytics approaches in risk analytics.Report Objectives
To define, describe, and predict the Risk Analytics Market by offering, risk type, risk stages, vertical, and regionTo provide detailed information about the major factors (drivers, restraints, opportunities, and challenges) influencing the market growthTo analyze the opportunities in the market and provide details of the competitive landscape for stakeholders and market leadersTo forecast the market size of segments with respect to five main regions: North America, Europe, Asia Pacific, Middle East & Africa, and Latin AmericaTo profile the key players and comprehensively analyze their market rankings and core competenciesTo analyze the competitive developments, such as partnerships, product launches, and mergers & acquisitions, in the Risk Analytics MarketBrowse Adjacent Markets: Analytics Market Research Reports & Consulting
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Procurement Analytics Market- Global Forecast to 2026
About MarketsandMarkets™
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MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
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Robotic Palletizer Market worth $1.9 billion by 2029 – Exclusive Report by MarketsandMarkets™

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16 hours ago

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April 19, 2024

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robotic-palletizer-market-worth-$1.9-billion-by-2029-–-exclusive-report-by-marketsandmarkets™

CHICAGO, April 19, 2024 /PRNewswire/ — The robotic palletizer market is projected to grow from USD 1.4 billion in 2024 and is expected to reach USD 1.9 billion by 2029, growing at a CAGR of 5.9% from 2024 to 2029 according to a new report by MarketsandMarkets™. Rising awareness towards workplace safety and reducing the risk of work-related injuries to drive the market. Robotic palletizers significantly enhance workplace safety and reduce the risk of work-related injuries and associated costs. By automating repetitive tasks like palletizing, businesses can redeploy their human workforce to higher-value activities that require human skills like problem-solving, critical thinking, and customer interaction. This allows them to optimize their workforce and leverage human capabilities more effectively.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=251064253
Browse in-depth TOC on “Robotic Palletizer Market” 100 – Tables60 – Figures200 – Pages
Robotic Palletizer Market Report Scope:
Report Coverage
Details
Market Revenue in 2024
$ 1.4 billion
Estimated Value by 2029
$ 1.9 billion
Growth Rate
Poised to grow at a CAGR of 5.9%
Market Size Available for
2020–2029
Forecast Period
2024–2029
Forecast Units
Value (USD Million/Billion)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
By Component, Robot Type, Application, End-use Industry and Region
Geographies Covered
North America, Europe, Asia Pacific, and Rest of World
Key Market Challenge
High initial investment cost
Key Market Opportunities
Increasing application in small and medium-sized enterprises
Key Market Drivers
Growing labor shortage and need for workforce optimization
 
Collaborative robots in the robot type segment are expected to witness higher growth rate during the forecast period.
Collaborative robots are expected to witness a higher CAGR during the forecast period. Unlike traditional industrial robots that often require physical barriers or cages to protect human workers, cobots are equipped with advanced safety features, such as force and torque sensors, collision detection, and speed monitoring. These features enable cobots to operate safely in proximity to humans without posing significant risks of injury.
The Pharmaceutical segment in the robotic palletizer market is expected to witness highest growth rate during the forecast period.
Pharmaceutical products are subject to strict regulations regarding storage, handling, and quality control. Robotic palletizers play a crucial role in providing greater precision and consistency in palletizing tasks and minimizing the risk of contamination within pharmaceutical manufacturing facilities. It also reduces human intervention in the handling and stacking of products and helps mitigate the potential for cross-contamination and ensures adherence to strict hygiene standards.
End-of-Arm- Tooling (EOAT) component is expected to witness the highest CAGR in the robotic palletizer market during the forecast period.
End-of-arm tooling (EOAT) is a crucial element of a robotic arm system, especially in applications like robotic palletizing, where the robot needs to interact with various objects or products. EOAT essentially acts as the hand of the robotic arm, designed to securely grasp, lift, and place boxes or cases onto pallets. Overall, EOAT plays a vital role in the effectiveness of robotic palletizers as it ensures secure handling of products, efficient palletizing patterns, and smooth operation of the entire system.
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North America is expected to hold the largest share of the robotic palletizer industry during the forecast period.
North America is home to major automobile and retail companies, which has accelerated the demand for robotic palletizers in this region. Additionally, the rise in manufacturing activity, fueled by plans for reshoring and technological improvements, has further driven the need for robotic palletizers. In North America, certain government funds are available to increase workplace safety. In 2023, the Occupational Safety and Health Administration announced a grant of approximately USD 12.7 million to 100 non-profit organizations across the nation to provide education and training for workers and employers about recognizing workplace hazards, injury prevention, and understanding workers’ rights and employers’ responsibilities under federal law. Businesses that use robotic palletizers may be eligible for funding as they lower the risk of worker injuries from manual lifting.
Key Players
Leading players in the robotic palletizer companies include FANUC CORPORATION (Japan), KION GROUP AG (Germany), KUKA AG (Germany), ABB (Switzerland), and Krones AG (Germany). Schneider Packaging Equipment Company, Inc. (US), Honeywell International Inc. (US), Kaufman Engineered Systems (US), Concetti S.p.A. (Italy), Sidel (France), Brenton, LLC. (US), A-B-C Packaging Machine Corporation (US), Antenna Group (Italy), BEUMER GROUP (Germany), Brillopak (UK), BW Integrated Systems (US), Columbia Machine, Inc. (US), Euroimpianti S.p.A. (Italy),  Fuji Yusoki Kogyo Co., Ltd. (Japan), HAVER & BOECKER OHG (Germany), KHS Group (Germany), MMCI  (US), Okura Yusoki Co., Ltd. (Japan), Rothe Packtech Pvt. Ltd. (India),  and S&R Robot Systems, LLC. (US) are few other key companies operating in the robotic palletizer market.
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