Connect with us
European Gaming Congress 2024

Artificial Intelligence

Global Automotive Smart Display Market By Size, By Technology, By Application, By Regional Outlook, Industry Analysis Report and Forecast, 2021 – 2027

Published

on

New York, May 20, 2021 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Automotive Smart Display Market By Size, By Technology, By Application, By Regional Outlook, Industry Analysis Report and Forecast, 2021 – 2027” – https://www.reportlinker.com/p06073591/?utm_source=GNW
It is made to utilize in automobiles for offering distraction-free access to multimedia features, driver security functions, navigation, and real-time diagnostics of the vehicle such as fuel capacity, battery temperature, tire pressure, and engine heat indicators.

High awareness for security features among consumers is boosting the growth of the global automotive smart display market. Moreover, another determinant for the growth of the global automotive smart display market is the growing demand and growth of luxury and premium cars. By integrating automotive smart display, it is possible to decrease the number of accidents while removing the distraction caused by seeing around for details needed.

The adoption of the smart display in the automotive sector is directly proportional to various factors such as the rising demand for advanced functions, including driver assistance, navigation, connected car features, multimedia systems, and enhancing driver-to-vehicle communication. In addition, the growth of the market would be augmented by the increasing need for superior safety, comfort, and convenience in automobiles, particularly in emerging and developed countries. Moreover, the global market would witness lucrative growth opportunities due to a surge in the demand for autonomous and semi-autonomous vehicle technology and the development of the high-end and luxury car segments, particularly in the untapped markets.

Size Outlook

Based on Size, the market is segmented into 5 inches to 10 inches, less than 5 inches and More than 10 inches. In 2020, the 5”-10” display size segment procured the maximum revenue share. 5”-10” smart displays are utilized for applications, like advanced instrument clusters, center stack touchscreen displays, and rear-seat entertainment touchscreen units. These display units incorporate informatics and telecommunication technologies and make them accessible on single-touchscreen displays of 5”-10”.

Technology Outlook

Advertisement

Based on Technology, the market is segmented into TFT-LCD, LCD, OLED and Others. The OLED display segment would witness a promising growth rate over the forecast years. Passenger cars with OLED displays are being presented at several automotive exhibitions. Though, the penetration rate is less in comparison to the LCDs in the consumer models. In addition, OLED automotive smart display systems would witness higher acceptance as compared to the other display technologies during the forecast period. The majority of the upcoming vehicles are integrated with OLED displays.

Application Outlook

Based on Application, the market is segmented into Center Stack, Digital Instrument Cluster, Head-up Display (HUD) and Rear Seat Entertainment. The Head-up Display (HUD) segment would witness a prominent growth rate during the forecast period. HUD refers to a transparent display that offers information in the driver’s line of sight without the requirement to look away from the road. The incorporation of modern solutions, like augmented reality and global positioning systems, with the head-up display systems, would boost the growth of the segment during the forecast period.

Regional Outlook

Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. The European market garnered a major share in 2020. The region is increasingly becoming a manufacturing hub for leading automotive OEMs and premium vehicle makers. Manufacturing activities in the region have been boosted by funding made by OEMs, like Jaguar Land Rover, Daimler, Nissan, Volkswagen, Honda, and BMW. Many of the premium vehicle makers in the region implemented ultra-modern automotive electronics systems in vehicles, which would supplement the growth of the regional market.

Advertisement

The major strategies followed by the market participants are Product Launches and Partnerships. Based on the Analysis presented in the Cardinal matrix; Samsung Electronics Co., Ltd. is the major forerunner in the Automotive Smart Display Market. Companies such as Panasonic Corporation, Continental AG, Denso Corporation, and LG Display Co., Ltd., Hyundai Motor Company are some of the key innovators in the market.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Robert Bosch GmbH, Panasonic Corporation, Continental AG, Samsung Electronics Co., Ltd. (Samsung Group), Denso Corporation, Alps Alpine Co., Ltd., LG Display Co., Ltd. (LG Corporation), Hyundai Motor Company, Visteon Corporation, and Nippon Seiki Co., Ltd.

Recent strategies deployed in Automotive Smart Display Market

Partnerships, Collaborations, and Agreements:

Mar-2021: LG announced its joint venture with the Swiss-based software firm Luxoft. This joint venture Alluto is established in Santa Clara, California, and would offer solutions for digital cockpit, passenger-seat entertainment, in-vehicle infotainment, and ride-hailing systems built on LG’s webOS Auto platform.

Advertisement

Feb-2021: Visteon Corporation collaborated with ECARX and Qualcomm Technologies. In this collaboration, the companies introduced an initiative to create intelligent cockpit solutions across conventional and electric vehicle applications. Visteon and ECARX are utilizing Qualcomm Snapdragon Automotive Cockpit Platforms to work together to create these intelligent technologies and distribute research to market an integrated cockpit project for a wide range of vehicle platforms.

Jan-2021: LG joined hands with Qualcomm Technologies, an American multinational corporation. The collaboration aims to deploy connected, reliable, intelligent, and location-aware next-generation vehicles with partners like Continental AG, LG, and ZTE Corp. Together, the companies focused on the development of 5G automotive platforms, as the South Korean tech giant wants to broaden its presence in the automotive business for future growth.

Oct-2020: Alps Alpine Co. Ltd collaborated with TOKAI RIKA Co. Ltd., an automotive-interior parts manufacturer affiliated with the Toyota Group. The collaboration was focused on product development in the human-machine interface (HMI) domain to improve product competitiveness and broaden development offerings.

May-2020: Continental signed a partnership agreement with Pioneer Corporation, a Japanese multinational corporation. In this partnership, Continental combines Pioneer’s whole infotainment subdomain into its high-performance computer for vehicle cockpits. This partnership aimed to make an integrated infotainment solution for a holistic customer experience especially focused on the Asian market.

May-2020: Alps Alpine signed an agreement with Immersion Corporation, a leading developer and licensor of touch feedback technology. This agreement involves Alps Alpine’s utilization of Immersion’s Active Sensing technology and created on long-standing collaboration to broaden their business in the automotive human-machine interface (HMI) domain.

Advertisement

May-2020: Visteon Corporation teamed up with Volkswagen Group. Under this collaboration, Visteon contributed its technical expertise and manufacturing offerings to deliver the infotainment platform for Volkswagen Group’s (VW) latest Nivus model for the Brazil market. The latest coupe-style SUV with the automaker debuts VW Play, a pioneering infotainment system for improved in-car connectivity, streaming, and many other services, powered by Visteon.

Jan-2020: Denso Corporation joined hands with Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated. This collaboration aims to develop an architecture for systems built on Denso’s Harmony Core integrated cockpit system, which can connect with external cloud services and the latest HMI products. It further allows car connectivity and improves security features like driver & passenger authentication, driver status monitoring, and enhanced display operability.

Jan-2020: Visteon Corporation collaborated with Corning, a company specialized in specialty glass, ceramics, and related materials & technologies. Following the collaboration, the latter company was aimed to start the mass production of its patented ColdForm technology for curved automotive display

Jan-2020: LG came into collaboration with Corning, an American multinational technology company. This collaboration aimed to commercialize Corning ColdForm Technology for curved automotive interior display systems. The companies also bring better economic and high-quality curved display modules to the automotive market.

Sep-2019: Bosch partnered with Access, a company providing a variety of software for connected and mobile devices. Under this partnership, Access Twine for Car (Twine4Car) automotive infotainment service platform is accessible for Bosch’s Android-based in-vehicle infotainment system (IVI). The partnership expanded Access’s main platform with a flexible app solution including an app store, which is a fully OEM brandable HMI.

Advertisement

Jun-2019: Continental teamed up with Leia Inc., a platform offering 3D Lightfield products and software applications. Under this collaboration, Continental is developing an innovative cockpit solution, the Natural 3D Lightfield Instrument Cluster. It will embed 3D into the future automotive vehicles, with extraordinary quality. The Lightfield displays are the next generation of medium enabling not only the easy and simple perception of 3D depth, as well as the offering of highlights, sparkles, and many complex light effects.

Feb-2019: Alpine came into partnership with VNC Automotive, a leader in transport entertainment and connectivity software. This partnership was signed in the provision of the former company’s latest infotainment concept called the ‘Add-On Box’. This Add-On Box feature enables car makers in expanding the functionality of their infotainment systems.

Acquisition and Mergers:

Feb-2019: Continental acquired Kathrein Automotive GmbH, a manufacturer of vehicle antennas. Through this acquisition, Kathrein Automotive enabled Continental to broaden the level of cooperation in its cross-divisional R&D teams. Kathrein Automotive would help in the development of high-performance connectivity solutions for intelligent mobility.

Dec-2017: Denso took over InfiniteKey, along with various key patents and R&D resources. This acquisition offered foundational pieces to make phone-as-a-key technology and raised Denso’s top position in developing & deploying smartphone-based automotive access, as a part of the company’s strategy to make a future with frictionless mobility.

Advertisement

Mar-2017: Samsung acquired Harman International Industries, a global leader in connected car technology. Under this acquisition, Harman’s iconic audio brands and offerings combined with Samsung’s display technologies to provide improved audio and video experiences to users and professional end markets.

Product Launches and Product Expansions:

Jan-2021: Panasonic released its Augmented Reality (AR) HUD. Panasonic uses its new advances in optics, volume optimization & imaging technology, integrated with AI technology from its SPYDR cockpit domain controller to provide near-field and far-field content for vehicle information, object & pedestrian detection, and mapping/route guidance, for an effortless, more involved and informed driver experience.

Jan-2021: Samsung introduced its next-generation Digital Cockpit for connected cars. Digital Cockpit 2021 powered by Harman’s automotive technology comes with various screens inside and outside the car. It also features improved safety, 5G connectivity, and a comfortable customer experience.

Mar-2020: Continental launched its 3D display without special glasses for the Hyundai Genesis GV80. There is an interior camera in the cabin that detects the driver’s line of sight and does some adjustments for 3D views to their accurate position of the head. The company also claimed that the next generation of 3D displays is under development. This 3D display needs no special glasses and displays three-dimensional pointers, scales, and objects.

Advertisement

Mar-2020: Hyundai introduced windshield HUD (Head-up display). It is a 12-inch windshield HUD that is Hyundai’s first HUD product, offers a wide range of data connected to GPS on a screen bigger than the prevailing products that include traffic sign information, driving routes, and driving assistance information.

Jan-2020: Bosch introduced a virtual visor inspired by LCD televisions. This Virtual Visor utilizes algorithms and a camera to evaluate the sight of a driver via its liquid crystal display and darkens the section by which the sunlight reaches the drivers’ eyes.

Jan-2020: Panasonic launched its fully connected e-cockpit concept. This technology platform combines the company’s proprietary SkipGen 3.0 in-vehicle infotainment (IVI) system with Google’s Android Automotive OS running on Android 10. In this concept vehicle, SkipGen 3.0 is coupled with the next-generation cockpit domain controller, SPYDR 3.0. It is an advanced cockpit system that effortlessly operates multimedia streaming or gaming apps for passenger and rear-seat entertainment.

Jan-2020: Visteon Corporation introduced its breakthrough microZone display technology. It provides substantially higher graphics performance than traditional LCDs. The latest patent-pending high-dynamic-range (HDR) display technology provides huge contrast & brightness and broad color gamut, which allows automotive displays to attain parity with consumer mobile gadgets with life-like imaging offerings.

Jan-2020: Visteon Corporation released its newest SmartCore, the first production cockpit domain controller with a third-generation Qualcomm Snapdragon Automotive Cockpit Platform that would be introduced on Chinese automaker Guangzhou Automobile Group’s (GAC) latest pure electric vehicle platform, Aion LX.

Advertisement

Jan-2020: Samsung released Digital Cockpit 2020, it uses 5G to connect features inside and outside the vehicle and offer connected experiences for all drivers and passengers. This solution delivers effortless two-way connections between the office, the home, and other spaces that customers might visit and also offering customized experiences and in-car infotainment.

Dec-2019: Bosch unveiled a new interior monitoring system. This system features cameras and artificial intelligence (AI) that enhanced driver and passenger security & safety.

Aug-2019: Bosch announced it is developing new technology that would add glasses-free 3D imaging to future versions of its in-car digital display technology.

Jun-2019: Continental developed the first ultra-compact, high-performance head-up display (HUD), which is headed by Continental Engineering Services. The head-up display is appropriate for embedding it into cockpits with certain or small installation space like sports cars. Moreover, it also offers visualization of information in the driver’s field of vision.

Geographical Expansions:

Advertisement

Oct-2019: Nippon Seiki established its development center in Tokyo, Japan, for its HUD business as a part of geographical expansion. This new Tokyo R&D center has been responsible for tasks like next-generation HUD development, integrated cockpit development, and product development advancements.

Jul-2019: Bosch opened a new Bosch digital cabin R&D center in Shanghai. The R&D center would develop smart digital cabin products such as driver and passenger monitoring systems, information domain computers, and 5G-V2X (vehicle-to-everything) connectivity control units.

Scope of the Study

Market Segments covered in the Report:

By Size

Advertisement

• 5 inches to 10 inches

• less than 5 inches

• More than 10 inches

By Technology

• TFT-LCD

Advertisement

• LCD

• OLED

• Others

By Application

• Center Stack

Advertisement

• Digital Instrument Cluster

• Head-up Display (HUD)

• Rear Seat Entertainment

By Geography

• North America

Advertisement

o US

o Canada

o Mexico

o Rest of North America

• Europe

Advertisement

o Germany

o UK

o France

o Russia

o Spain

Advertisement

o Italy

o Rest of Europe

• Asia Pacific

o China

o Japan

Advertisement

o India

o South Korea

o Singapore

o Malaysia

o Rest of Asia Pacific

Advertisement

• LAMEA

o Brazil

o Argentina

o UAE

o Saudi Arabia

Advertisement

o South Africa

o Nigeria

o Rest of LAMEA

Companies Profiled

• Robert Bosch GmbH

Advertisement

• Panasonic Corporation

• Continental AG

• Samsung Electronics Co., Ltd. (Samsung Group)

• Denso Corporation

• Alps Alpine Co., Ltd.

Advertisement

• LG Display Co., Ltd. (LG Corporation)

• Hyundai Motor Company

• Visteon Corporation

• Nippon Seiki Co., Ltd.

Unique Offerings

Advertisement

• Exhaustive coverage

• Highest number of market tables and figures

• Subscription based model available

• Guaranteed best price

• Assured post sales research support with 10% customization free
Read the full report: https://www.reportlinker.com/p06073591/?utm_source=GNW

Advertisement

About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need – instantly, in one place.

__________________________


GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Artificial Intelligence

Simplilearn and Degreed Collaborate to Transform Workforce Development with AI-Enhanced Learning

Published

on

simplilearn-and-degreed-collaborate-to-transform-workforce-development-with-ai-enhanced-learning

SAN FRANCISCO, Oct. 2, 2024 /PRNewswire/ — Simplilearn, the world’s leading digital skills training provider, and Degreed, the innovative learning platform, today announced their strategic partnership to offer premier educational content and platform solutions that drive skills-based learning. This collaboration introduces Simplilearn as one of the first to join Degreed’s AI-Ready partner category, integrating Simplilearn’s extensive educational offerings with Degreed’s advanced learning solutions to deliver transformative learning experiences for individuals and enterprises.

Simplilearn has been at the forefront of digital skills training for over a decade, supporting professionals and organizations worldwide with holistic learning experiences that are instructor-led and hands-on. Their comprehensive range of high-quality courses in artificial intelligence, machine learning, cloud computing, data science, and digital marketing is now seamlessly integrated into the Degreed platform. This AI-powered integration equips Learning & Development (L&D) professionals with a more targeted curation experience, simplifying the creation of personalized learning plans and development pathways tailored to the evolving needs of their teams and organizations.
As technology rapidly transforms industries and reshapes job roles, the demand for advanced, practical training is at an all-time high. Degreed’s ‘AI-Ready’ partner category makes it easier for customers to discover, organize, and access relevant learning materials. Through this partnership, a comprehensive suite of courses and resources is more easily discoverable, empowering individuals and organizations to upskill and stay competitive in the fast-evolving tech landscape.
Leveraging AI, the platform will offer personalized course recommendations based on each learner’s background and experience. This intelligent approach ensures that training is relevant and aligned with individual career goals and organizational needs. Additionally, the collaboration offers access to over 700 live classes each month, keeping teams updated with the latest industry trends and technological advancements. Complementing these live sessions are more than 500 courses and role-based learning paths covering essential areas such as AI, cybersecurity, data science, and machine learning.
Mr. Krishna Kumar, Founder and CEO, Simplilearn, said, “Partnering with Degreed represents a pivotal moment in our journey at Simplilearn. This collaboration underscores our commitment to harnessing cutting-edge technology and tailored learning experiences. By integrating Degreed’s advanced AI capabilities with our industry-leading programs, we are poised to redefine how individuals and organizations approach skill development, ensuring a more agile and role-ready workforce.”
Mr. Max Wessel, co-CEO of Degreed, said, “Our partnership with Simplilearn shows our dedication to equipping professionals with the most relevant skills for today’s fast-paced technology landscape. By using AI to power the integration of Simplilearn’s top-tier courses into Degreed, we enhance our ability to offer personalized, precise, and high-impact learning experiences – helping organizations turn the talent they have into the talent they need.”
About Degreed:
Degreed is the enterprise learning company, offering the world’s leading experience platform to drive skill driven development. Degreed enables organizations to collect, understand, and build skills to develop a workforce that’s ready for anything. To learn more about Degreed, visit www.degreed.com.
About Simplilearn:
Founded in 2010 and based in San Francisco, California, and Bangalore, India, Simplilearn, a Blackstone portfolio company, is the world’s leading digital skills provider, enabling learners across the globe. Simplilearn offers access to world-class work-ready training to individuals and businesses worldwide. Simplilearn offers 1,500+ live classes each month across 150+ countries, impacting over 8 million learners globally. The programs are designed and delivered with world-renowned universities, top corporations, and leading industry bodies via live online classes featuring top industry practitioners, sought-after trainers, and global leaders. From college students and early career professionals to managers, executives, small businesses, and big corporations, Simplilearn’s role-based, skill-focused, industry-recognized, and globally relevant training programs are ideal upskilling solutions for diverse career or business goals.
For more information, please visit www.simplilearn.com/
Logo: https://mma.prnewswire.com/media/1100016/4169121/Simplilearn_Logo.jpg
 

View original content:https://www.prnewswire.co.uk/news-releases/simplilearn-and-degreed-collaborate-to-transform-workforce-development-with-ai-enhanced-learning-302265798.html

Continue Reading

Artificial Intelligence

Multinational Auto Manufacturer to Insource Service Operations with 3CLogic’s Integrated AI and Contact Center Solution for ServiceNow CSM and ITSM

Published

on

multinational-auto-manufacturer-to-insource-service-operations-with-3clogic’s-integrated-ai-and-contact-center-solution-for-servicenow-csm-and-itsm

Leading conglomerate selects 3CLogic’s CCaaS offering, purpose-built for ServiceNow CSM and ITSM, as it insources service desk operations to streamline workflows and save millions in operating costs.
ROCKVILLE, Md., Oct. 2, 2024 /PRNewswire/ — 3CLogic, the leading AI and cloud contact center solution for ServiceNow®, today announced the integration of its AI and CCaaS capabilities by a leading auto manufacturer as it seeks to optimize its service desk operations. Leveraging the company’s existing investment in ServiceNow IT Service Management (ITSM) and Customer Service Management (CSM), the collaboration is expected to enhance productivity, improve issue resolution, and significantly reduce operating expenses.  

Manufacturing tens of millions of vehicles and equipment annually, supported by a vast network of over 150,000 associates and affiliates, the organization faced challenges due to the limited insights and services provided by its outsourced contact center. Among the most impactful was the lack of integration to its back-office ServiceNow IT and Customer workflows, where the siloed structure negatively impacted the organization’s visibility into performance, process improvements, and service speed.
“We are delighted to support this strategic initiative,” explains Denis Seynhaeve, CEO at 3CLogic. “This is yet another example of a large enterprise organization eager to reclaim ownership of its internal and external support services to enable better experiences through automation, simplification of its technology stack, and tactical use of AI for better insights.” 
3CLogic’s integrated AI and contact center solution with ServiceNow CSM and ITSM will deliver a number of capabilities, including AI-powered call transcription and sentiment analysis, automated agent performance and coaching, after-hours voicemail transcription, integrated SMS alerts & notifications, and consolidated reporting with ServiceNow’s native performance analytics. The insourcing of services and process efficiencies are expected to generate approximately $2.6 million in ROI within the first three years of deployment. In addition, the organization is exploring the consolidation of its HR service delivery to unify its operations further.  
As the first and only ServiceNow-certified Advanced Platform CCaaS partner, 3CLogic displays a unique approach to streamlined employee and customer workflows for ServiceNow and is expected to discuss its latest AI and contact center capabilities for ServiceNow ITSM, CSM, HRSD, and source-to-pay at the upcoming World Forums in Dallas, TX, on October 8th, 2024, in Munich, Germany, on October 23rd, 2024, and in New York City, NY, on November 7th, 2024.
For more information, please contact [email protected].
About 3CLogic3CLogic transforms customer and employee experiences with its leading Cloud Contact Center and AI solutions purpose-built to enhance today’s leading CRM and Customer Service Management platforms. Globally available and leveraged by the world’s leading brands, its offerings empower enterprise organizations with innovative features such as intelligent self-service, generative and Conversational AI, agent automation & coaching, and AI-powered sentiment analytics – all designed to lower operational costs, maximize ROI, and optimize each interaction across IT Service Desks, Customer Support, Sales or HR Services teams. For more information, please visit www.3clogic.com.  
Logo – https://mma.prnewswire.com/media/2458632/3clogic_logo_400_x_281__1_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/multinational-auto-manufacturer-to-insource-service-operations-with-3clogics-integrated-ai-and-contact-center-solution-for-servicenow-csm-and-itsm-302264354.html

Continue Reading

Artificial Intelligence

Life Science Analytics Market to Hit USD 61.94 Billion by 2029 with 11.7% CAGR | MarketsandMarkets™

Published

on

life-science-analytics-market-to-hit-usd-6194-billion-by-2029-with-11.7%-cagr-|-marketsandmarkets™

DELRAY BEACH, Fla., Oct. 2, 2024 /PRNewswire/ — The global life science analytics market is projected to grow from USD 35.69 billion in 2024 to USD 61.94 billion by 2029, at a robust CAGR of 11.7%. Key drivers include advancements in analytical technologies that streamline data management and enhance insights from diverse sources like clinical trials and electronic health records, alongside rising demands for precision medicine. However, challenges such as data privacy concerns and a shortage of skilled professionals hinder progress. Noteworthy collaborations, like those between TetraScience and Databricks, exemplify the trend towards leveraging AI for improved outcomes in drug development and clinical trials. North America leads the market, fueled by high healthcare expenditure and a focus on innovation, while descriptive analytics currently dominates the market segments. Overall, the life science analytics landscape is evolving rapidly, presenting both opportunities and challenges that stakeholders must navigate to enhance research and operational efficiencies.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=174990653
Browse in-depth TOC on “Life Science Analytics Market”
455 – Tables54 – Figures385 – Pages
Artificial Intelligence (AI) and Machine Learning (ML) are revolutionizing life science analytics by enabling advanced data analysis, pattern recognition, and predictive modeling, which are crucial for enhancing drug discovery, clinical trials, and personalized medicine. Companies are investing in leveraging AI & ML across their product lifecycles. In February 2024, Trinity Life Sciences launched Brand Insights AI, a new tool designed to enhance biopharmaceutical brand research by ingesting data from various sources, accelerating analysis, and revealing hidden patterns. This powerful tool leverages Trinity’s AI expertise to refine insights and optimize the use of existing information, supporting impactful and efficient research across the pharmaceutical commercialization spectrum.
The global life science analytics market is segmented into descriptive, prescriptive, and predictive analytics, by type. The prescriptive analytics segmented is expected to register highest growth during the forecast period. The high growth of this market is. driven by its ability to offer actionable recommendations, optimize decision-making, and streamline complex processes such as clinical trial management and personalized medicine. Its advanced predictive capabilities help stakeholders minimize risks, enhance treatment outcomes, and improve operational efficiency. Additionally, the excrubating demand for precision medicine and real-time data-driven strategies further fuels its adoption.
The life science analytics market is divided into services, and software, by component. In 2023, the largest share of life science analytics market belonged to the services segment. The high adoption of life science analytics services over software is driven by the need for specialized expertise and tailored solutions that go beyond the capabilities of standalone software. Increased security, improved cost effectiveness, better usability & flexibility, and improved integration capabilities of services are a few factors impacting market growth. Moreover, the escalating user base and changing needs of companies looking for all-inclusive solutions and support, coupled with the adoption of life science analytics software, generate demand for a range of services, including modification, implementation, and consulting.
The surging adoption of advanced analytics in commercial operations within the life sciences sector is revolutionizing how companies cultivate market strategies & enhance business performance to optimize product launches by providing insights into market trends, competitive landscapes, and customer preferences. Companies are leveraging various organic & inorganic strategies to expand their offerings in commercial operations. For instance, in April 2024, IQVIA and Salesforce expanded their global strategic partnership to accelerate the development of Salesforce’s Life Sciences Cloud, a next-generation customer engagement platform. This collaboration will combine IQVIA’s Orchestrated Customer Engagement (OCE) platform with Salesforce’s CRM, offering an end-to-end solution for transforming healthcare professional and patient engagement in the life sciences industry.
Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=174990653
The prominent players operating in the Life science analytics market include Oracle (US), Merative (formerly IBM) (US), SAS Institute (US), Accenture (Ireland), IQVIA (US), Cognizant (US), Wipro (India), Veradigm (US), Optum (US), Microsoft (US), MaxisIT (US), ExlService Holdings (US), Inovalon (US), CitiusTech (US), Saama (US), Axtria (US), Clarivate (UK), ThoughtSphere (US), ThoughtSpot (US), Salesforce (US), Google LLC (US), Amazon Web Services, Inc. (US), Veeva Systems (US), Elsevier (Netherlands), and Komodo Health, Inc. (US). These companies adopted strategies such as product launches, product updates, expansions, partnerships, collaborations, mergers and acquisitions to strengthen their market presence in the life science analytics market.
These players not only have a comprehensive and diverse product portfolio but also a strong geographic presence. Owing to the emergence of new application areas for life science analytics, these players can focus on technologies and offerings dedicated towards research & development, commercial operations, safety, etc.
These market players have offered a diverse range of products and services and have operations worldwide. They rely on technological advancements to avail themselves of innovative products and services and increase their global footprint. These players focus on acquisitions, collaborations, agreements, mergers, product launches & updates, partnerships, expansions, and other recent developments to expand their global reach and develop advanced life science analytics solutions.
Oracle (US) is one of the leading life science analytics companies across the globe. The company provides analytics software & services for various applications including research & development, commercialization, among others. The company focuses on continuously updating its products and meeting customer expectations. Oracle also continuously invests in expanding its solutions by partnerships & collaborations to provide tailored solutions to its end users. For instance, in February 2024, Oracle partnered with ObvioHealth, Inc. to integrate diverse data in decentralized clinical trials and analyze health data from several sources for clinical trials anywhere globally. The company holds a broad customer base and a wide geographic presence, making Oracle as a critical player in various IT software, hardware, and service-related markets, including the life science analytics market.
Merative (US) is one of the prominent players operating in the life science analytics market. Merative offers a comprehensive suite of informatics products and services for life science analytics. The company leverages advanced technologies such as artificial intelligence (AI), machine learning (ML), and other technologies to strengthen the accuracy and efficiency of evidence analysis. The company has a strong brand recognition and extensive product portfolio that has contributed to its success. The company serves life science systems, clinical trial sponsors, and medical device manufacturing industries. The company has established offices across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
For more information, Inquire Now!
Related Reports:
Healthcare Analytics Market
Healthcare IT Market
Telehealth Market
Remote Patient Monitoring Market
Clinical Decision Support Systems Market
Get access to the latest updates on Life Science Analytics Companies and Life Science Analytics Market Size
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. Rohan SalgarkarMarketsandMarkets™ INC.1615 South Congress Ave.Suite 103, Delray Beach, FL 33445USA: +1-888-600-6441Email: [email protected] Our Website: https://www.marketsandmarkets.com/
Logo: https://mma.prnewswire.com/media/1951202/4609423/MarketsandMarkets.jpg
 

View original content:https://www.prnewswire.co.uk/news-releases/life-science-analytics-market-to-hit-usd-61-94-billion-by-2029-with-11-7-cagr–marketsandmarkets-302263498.html

Continue Reading
Advertisement
Advertisement

Latest News

Trending