Artificial Intelligence
12th annual RBC Top 25 Canadian Immigrant Awards: Chocolatier, Transplant actor and mayor are among this year’s winners
TORONTO, Sept. 15, 2020 (GLOBE NEWSWIRE) — Tareq Hadhad, founder of Peace by Chocolate; Hamza Haq actor on the hit show Transplant and Michael Hurley, Mayor of Burnaby, B.C., have something in common — they have been named among the RBC Top 25 Canadian Immigrant Award winners of 2020, along with other amazing community activists, entrepreneurs and academics from coast to coast. Presented by Canadian Immigrant magazine and sponsored by Royal Bank of Canada, this is the 12th anniversary of the only national awards program that celebrates the inspiring achievements of Canadian immigrants.
The COVID-19 crisis has shown the world that we are all interconnected despite race, culture or country of origin. During these challenging times, these prestigious national awards remain a symbol for diversity, resilience and the importance of coming together as Canadians. With the inclusion of this year’s 25 winners, a total of 300 newcomers have been honoured for their incredible contributions and achievements in Canada.
“What an amazing year for the awards! We’ve had a record number of votes cast totalling more than 72,000 — which is a true testament to the important contributions immigrants make to this great nation of ours, and the need for us all to celebrate positive stories in these challenging times,” says Sanjay Agnihotri, Director, Canadian Immigrant magazine.
The program is proudly supported by title sponsor Royal Bank of Canada. In addition, of the Top 25 winners, two have been selected for special recognition, the Entrepreneur Award and the Youth Award.
Tareq Hadhad, is the fifth annual recipient of the RBC Entrepreneur Award, which recognizes excellence in entrepreneurship. From Antigonish, Nova Scotia, Hadhad is the Founder and CEO of Peace By Chocolate, spreading peace, acceptance, resilience and love through a wide offering of sweets and treats.
Maryam Yaqoob, is the fourth annual RBC Youth Award winner. From Calgary, Alberta, she is currently a Doctor of Medicine student, who mentors refugee youth, co-founded the Calgary STEM Cell Chapter and volunteers to make Canada a better place.
Settlement Agency Award
The Settlement Agency Award was introduced in 2018 to recognize the amazing work immigrant settlement agencies are doing to help newcomers integrate and succeed in Canada. This year, too, we invited nominations from across the country and the nominated agencies were posted for an online voting process. After the votes were tabulated, one agency has been selected as the Settlement Agency Award winner for 2020. The winner is The Neighborhood Organization (TNO). Read more about the winner on the Canadian Immigrant website.
“RBC is proud to celebrate and support newcomers across Canada as they establish themselves and strengthen the fabric of our communities,” says Amit Brahme, Senior Director, Newcomer Segment. “By profiling such a diverse and accomplished group of winners, the RBC Top 25 Canadian Immigrant Awards continues to showcase the talent, passion, and resiliency that newcomers bring to the country and the inspiration we can all draw from their stories.”
Hundreds of nominations were received, from which 75 finalists were shortlisted by a diverse judging panel of past winners. The 25 winners were chosen based on a combination of nationwide online voting and judge’s scores.
This year, in honour of the RBC Top 25 winners, RBC has donated $50,000 to Windmill Microlending, a charity that helps internationally trained newcomers pay for the Canadian credentials they need. The donation will specifically support re-accreditation of 50 internationally trained immigrants in the healthcare profession who are helping on the frontlines in the fight against COVID-19.
The RBC Top 25 Canadian Immigrant Award winners will receive a commemorative plaque and ceremonial gift package. Winners will also be featured online at canadianimmigrant.ca/rbctop25 and in the September print edition of Canadian Immigrant magazine. The awards program is supported by the Toronto Star, Metro, Omni, City TV and Sing Tao.
The RBC Top 25
The RBC Top 25 Canadian Immigrant Award winners of 2020 are listed in alphabetical order below and include current city residence and home country in parentheses. Full biographies are available on the Canadian Immigrant website.
The RBC Top 25 Canadian Immigrant Award winners of 2020:
Ajibola (Jibs) Abitoye (Fort Saskatchewan A.B./Nigeria) is a councillor for the City of Fort Saskatchewan, Alberta. She is also the founder of Divineity Fashion, which helps bring business to women and families in Nigeria. A portion of the funds from her fashion line go to an organization helping survivors of domestic abuse.
Shahab Anari (Toronto/Iran) is the co-founder of North Star Success, a personal branding agency helping coaches and consultants. He also holds regular free seminars and webinars on topics of personal and professional development and is a mentor with Futurpreneur Canada.
Samer Bishay (Markham, ON/Egypt) is the President and CEO of Iristel & Ice Wireless, Canada’s leading provider of wireless and wireline IP services and is an Honorary Colonel of 34 Signal Regiment of the Canadian Armed Forces.
Serena Chan (Toronto/Hong Kong) is a partner in IBM Financial Services sector in IBM Global Business Services. Holding 16 professional certifications, she is a four-time IBM Redbook author and recently was named one of Canada’s Top 50 women in FinTech.
Kanwar Dhanjal (Brampton/India) is CEO of Just Instruments Inc. specialize in instruments calibration, former president of the Indo Canada Chamber of Commerce and current Director of Brampton Board of Trade.
Sharmarke Dubow (Victoria, B.C./Somalia) is a city councillor in Victoria, B.C. He’s passed motions to make public transit free, started a renters advisory committee, fought for the addition of affordable housing in Victoria, and initiated reconciliation dialogues between Indigenous and newcomer community members among many other achievements.
Isaac Garcia-Sitton (Toronto/Spain) is the inaugural Executive Director, International Student Enrolment, Education & Inclusion at Ryerson University and is currently working on his Ph.D. in Education: Language, Culture and Teaching at York University.
Virginia Guiang-Santoro (Winnipeg & Oakville/Philipines), now retired, is the founder of the Filipino Domestic Workers Association of Manitoba (FIDWAM), working to protect the rights of live-in caregivers in Manitoba.
Tareq Hadhad (Antigonish, N.S./Syria) is the founder and CEO of Peace by Chocolate, professional speaker and founder of the Peace on Earth Society charity, funded by a percentage of all chocolate sales, to fund peace-building initiatives across Canada and beyond.
Basavaraj Halli (Ottawa/India) is the co-founder and Chief Technology Officer of GoFor Industries Inc, providing last-minute, last-mile delivery services to the construction industry, having recently expanded into 60 major urban markets in Canada and the U.S.A.
Hamza Haq (Ottawa/Pakistan) is an actor, currently staring as Bashir “Bash” Hamed on the CTV medical drama Transplant. With a bachelor of arts in film studies and a minor in law from Carleton University, his acting credits also include Indian Detective, This Life, Quantico and the Art of More.
Mike Hurley (Burnaby, B.C./Ireland) is the Mayor of Burnaby B.C., former lieutenant of the Burnaby Fire Department and former president of the Professional Fire Fighters’ Burn Fund. He also has received Queen’s Golden Jubilee Medal and the Diamond Jubilee Medal.
Shanthi Johnson, Ph.D. (Edmonton/India) is a professor and dean of the University of Alberta’s School of Public Health and a leader in the fields of health promotion and healthy aging. She has dedicated her research career to falls prevention in seniors, and social isolation especially among immigrant and refugee seniors.
Meryam Joobeur (Montreal/Tunisia) is a graduate of the Mel Hoppenheim School of Cinema and is a writer and director. Her film Brotherhood received 75 prizes at 150 festivals including the Toronto International Film Festival and was nominated for an Oscar in 2020.
Conny Lo (Toronto/Hong Kong) is the Associate Director at SickKids Foundation, charged with leading the fundraising and promoting global child health in the Chinese community. She has raised almost $200,000 in her son’s memory called the Baby Caden Koo Memorial Fund.
Jakub Martinec, Ph.D. (St. John’s, N.L./Czech Republic) is the Director of Choral Activities at Memorial University of Newfoundland, founding Artistic Director of the Atlantic Boychoir and
Artistic Director and conductor of the National Boychoir of Canada having performed all over the world.
Adeola Olubamiji, Ph.D. (Toronto/Nigeria) is a scientist who specializes in metal and plastic additive manufacturing (also known as 3D printing) and founder of STEMHub Foundation, a non-profit organization promoting engagement of minorities and females in science, technology, engineering and mathematics (STEM) careers.
Fariba Pacheleh (Vancouver/Iran) is the Director of Project Management Office for the BC Liquor Distribution Branch and chair of BCIT School of Computing PAC (Program Advisory Committee), providing strategic advice and assistance to BCIT.
Bruce Poon Tip (Toronto/Trinidad) is a bestselling author and founder of G Adventures, an award-winning small group adventure travel company, pioneer of community tourism, and is the world’s largest small group adventure travel company.
Dr. Henry Reis (Vancouver/Brazil) is the CEO and owner of Integra Eyecare Centre an innovation hub. He is also the co-founder and CEO of OSDx, having developed the first artificial intelligence corneal imaging device in the world.
Arlene Ruiz (Saskatoon/Philippines) is the owner of Alexene Immigration & Employment Services Inc., a licensed immigration consultant and recruiter. She contributes to ANCOP (Answering the Cry of the Poor), Make a Wish Foundation and the Children’s Wish Foundation.
Krishana Sankar, Ph.D. (Toronto/Guyana) is most recently the communications lead and operational strategist with COVID-19 Resources Canada, and founder of GradWriteSlack. She is an award-winning and published Doctoral Fellow in the faculty of medicine looking to better understand and improve a treatment for type 1 diabetes.
Harsh Thakkar (Surrey, B.C./India) is the Manager of social enterprise DIVERSEcity Interpretation and Translation Services, leading a team of 300+ interpreters and translators to promote cross-cultural communication in B.C. He is also an advocate for international students and has volunteered with Canadian Cancer Society.
Halia Valladares Montemayor (Vancouver/Mexico) is a faculty member at Thompson Rivers University managing partner at Global Trading & DS, Inc., and most recently she has joined the Simon Fraser University as a professor.
Maryam Yaqoob (Calgary/Iraq) is a Doctor of Medicine student and a clerk at the Cumming School of Medicine. During her undergraduate degree in cellular and molecular biology, she received a total of 15 scholarships as well as being on the Dean’s and President’s Honour Roll. She is the co-founder of the Calgary STEM Cell chapter, a mentor for other refugee youth, and is this year’s RBC Youth Award winner.
About Canadian Immigrant
Attracting more than 400,000 readers each month and over 100,000 visitors a month online, Canadian Immigrant is a national multimedia platform to help immigrants succeed in Canada, with content, resources and events on careers, education and settlement. Canadian Immigrant is the producer of the cross-country Career, Education and Settlement Immigrant Fairs. Canadian Immigrant is a division of Metroland Media Group, a dynamic media company with more than 100 community and daily newspapers in print and online, as well as innovative websites including wheels.ca, goldbook.ca, flyerland.ca and localwork.ca.
About RBC
Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 86,000+ employees who bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada’s biggest bank, and one of the largest in the world based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our 17 million clients in Canada, the U.S. and 34 other countries. Learn more at rbc.com.
We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities. See how at rbc.com/community-social-impact.
For more information, contact:
Canadian Immigrant
Laura Jackman, 647-212-0549, [email protected]
RBC
Arjun Lombardi-Singh, 647-531-4045, [email protected]
Artificial Intelligence
Free Your Hands, QIDI Vida Smart AR Glasses Lead the Way in New Sports Experience.
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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Artificial Intelligence
Risk Analytics Market worth $180.9 billion by 2029 – Exclusive Report by MarketsandMarkets™
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
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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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Artificial Intelligence
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.
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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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Palletizer Market Size, Share, Statistics and Industry Growth Analysis Report by Technology (Conventional, Robotic), Product Type (Bags, Boxes and Cases, Pails and Drums), Industry (Food & Beverages, Chemicals, Pharmaceuticals, Cosmetics & Personal Care, E-commerce and Retail) & Region – Global Growth Driver and Industry Forecast to 2029
Autonomous Mobile Robots Market by Offering (Hardware, Software and Services), Payload Capacity (500 kg), Navigation Technology (Laser/LiDAR, Vision Guidance), Industry (Manufacturing, Retail, E-commerce) – Global Forecast to 2028
Automated Guided Vehicle Market Size, Share, Industry, Statistics & Growth by Type (Tow Vehicles, Unit Load Carriers, Forklift Trucks, Assembly Line Vehicles, Pallet Trucks), Navigation Technology (Laser Guidance, Magnetic Guidance, Vision Guidance), Industry, Region – Global Forecast to 2028
Automated Storage and Retrieval System Market by Function (Storage, Distribution, Assembly), Type (Unit Load, Mini Load, Vertical Lift Module, Carousel, Mid Load), Vertical (Automotive, Food & Beverages, E-Commerce, Retail) – Global Forecast to 2028
Automated Material Handling Equipment Market Size, Share, Statistics and Industry Growth Analysis Report by Product (Robots, ASRS, Conveyors And Sortation Systems, Cranes, WMS, AGV), System Type (Unit Load, Bulk Load), Industry (Automotive, E-Commerce, Food & Beverage) and Region – Global Forecast to 2028
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
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.
Contact: Mr. Aashish MehraMarketsandMarkets™ INC. 630 Dundee RoadSuite 430Northbrook, IL 60062USA: +1-888-600-6441Email: [email protected] Our Web Site: https://www.marketsandmarkets.com/Research Insight: https://www.marketsandmarkets.com/ResearchInsight/robotic-palletizer-companies.aspContent Source: https://www.marketsandmarkets.com/PressReleases/robotic-palletizer.asp
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