Connect with us
MARE BALTICUM Gaming & TECH Summit 2024

Artificial Intelligence

Global $558.12 Billion Beauty and Personal Care Markets, 2016-2020 & 2021-2026

Published

on

Dublin, June 24, 2021 (GLOBE NEWSWIRE) — The “Global Beauty and Personal Care Market, By Product Type (Personal Care, Beauty Care), By Distribution Channel (Departmental Stores/Grocery Retails, Specialty Store, E-Commerce, Pharmacies & Others) By Region, Competition, Forecast and Opportunities, 2026” report has been added to ResearchAndMarkets.com’s offering.

The Global Beauty and Personal Care Market was valued at USD422.72 billion in 2020 and is expected to reach USD558.12 billion, growing with the CAGR of 4.82% by 2026

The Global Beauty and Personal Care Market is driven by ageing population and increasing per capita expenditure on beauty and personal care. Beauty care market is powerful and dynamic driven by strong consumption growth potential. This potential is supported by the rise of middle- and upper-income classes, as well as by the growing number of senior citizens on the lookout for products that meet their diverse aspirations and their infinite quest for beauty.

The Global Beauty and Personal Care Market is segmented on the basis of product type, distribution channel, company, and region. In terms of product type, personal care is dominating the beauty and personal care market. However, beauty care is witnessing steady growth over time. Beauty care contributes to the consumers’ well-being as well as self-esteem.

Makeup and color cosmetic is dominating the beauty care market with 60% market share due to increasing female working population and growing fashion trends and the popularity of social media channels like youtube, facebook and instagram. Nail care is spotted to be the fastest growing due to rising fashion trends among women, and financial affordability of women.

Asia-Pacific is the leading market followed by North America and Europe due to rising disposable income, foreign direct investments, growing population and increasing internet penetration. China is the second largest market for beauty and personal care after the United States in terms of revenue and consumption. To remain competitive in the market, companies are continuously engaged in mergers & acquisitions and product launches.

For instance, Beiersdorf AG, on August 30th, 2019, successfully completed the acquisition of the iconic sun care brand, Coppertone. Coppertone’s global operations will be transferred from Bayer to Beiersdorf, for a purchase price of USD550 million.

The company has entered the world’s largest sun care market and is strengthening its presence in North America. Coppertone has become the fifth brand in Beiersdorf’s skin care portfolio in North America, beside NIVEA, Eucerin, Aquaphor, and La Prairie as skin care is at the heart of Beiersdorf AG and caring for skin health through sun protection has been an essential pillar of their business for over 60 years.

The major players operating in the Global Beauty and Personal Care Market are L’Oreal S.A., Hindustan Unilever Limited, The Procter and Gamble Corporation, The Estee Lauder Companies Inc., Shiseido Company Limited and Others.

Major brands like L’Oreal are trying to discover, test and develop new beauty brands with rapid use of new powerful technologies such as virtual reality, augmented reality and artificial intelligence, that will totally change in the coming years towards an even greater level of service, customization and personalization.

Years considered for this report:

  • Historical Years: 2016-2020
  • Base Year: 2020
  • Estimated Year: 2021
  • Forecast Period: 2022-2026

Key Target Audience:

  • Beauty and personal care manufacturers, suppliers, distributors and other stakeholders
  • Government bodies such as regulating authorities and policy makers
  • Market research and consulting firms
  • Organizations, forums and alliances related to beauty and personal care

Report Scope:

Global Beauty and Personal Care Market, By Product Type:

  • Personal Care
  • Skin Care
  • Hair Care
  • Beauty Care
  • Makeup and Color Cosmetics
  • Beauty tools and Accessories
  • Nail Care
  • Others (Manicure, Pedicure, etc.)

Global Beauty and Personal Care Market, By Distribution Channel:

  • Departmental Stores / Grocery Retails
  • Pharmacies
  • E-commerce
  • Specialty Stores
  • Others (Institutional Stores, Experts Store, Salon, etc.)

Global Beauty and Personal Care Market, By Company:

  • L’Oreal S.A.
  • Unilever Plc
  • The Estee Lauder Companies Inc.
  • The Procter and Gamble Corporation
  • Shiseido Company Limited
  • Kao Corporation
  • Beiersdorf AG
  • Coty Inc.
  • Avon Products
  • Groupe L’Occitane

Global Beauty and Personal Care Market, By Region:

  • Asia-Pacific
  • China
  • Japan
  • South Korea
  • India
  • Australia
  • North America
  • United States
  • Mexico
  • Canada
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • South America
  • Brazil
  • Colombia
  • Argentina
  • Middle East and Africa
  • UAE
  • Saudi Arabia
  • South Africa
  • Iran

For more information about this report visit https://www.researchandmarkets.com/r/9lik2y


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

VIVOTEK Launches Successful Make Tomorrow Easier, Today! Vision During ISC West 2024

Published

on

vivotek-launches-successful-make-tomorrow-easier,-today!-vision-during-isc-west-2024

TAIPEI, April 18, 2024 /PRNewswire/ — VIVOTEK (3454-TW), the global leading IP security solution provider, announces that last week’s 2024 ISC West trade show in Las Vegas was a tremendous success as it unveiled the 2024 theme Make Tomorrow Easier, Today! to partners, attendees, and the media. Make Analytics Easier, Make Cloud Easier, Make Search Easier, and Make Integration Easier were the core essential components of the 2024 theme, and both the booth staff and visitors were very busy discussing its vision throughout the show. This also demonstrates that VIVOTEK’s AI security solutions and cloud-based service VORTEX attracted interests by many customers for their rich versatility in applications.

From the outset, it was clear that this year’s ISC West was going to surpass previous editions. There were more engagements, and these engagements lasted longer than the past as attendees and the media were hyper-focused on VORTEX, its new camera solutions, AI integration, re-launch of VIVOTEK Premium Partner Program, additional technology solutions, and the roll-out of the 2024 theme.
AI has quickly become a priority in the security industry, and it was a focal point of VIVOTEK’s strategy during the show as well. During its many sales and marketing meetings at ISC West, discussions primarily revolved around how to integrate AI into the product lines and software platforms, much to the gratification of its partners who are seeing a quickly growing need for this technology to satisfy their customers’ needs.
As many of its customers may know by now, VIVOTEK recently entered into an integration partnership with Kisi, a modern cloud-based access control solution based in Brooklyn, New York. This partnership aims to secure physical spaces dedicated to providing a seamless and efficient user experience, making Kisi ideally suited as a VIVOTEK partner. During ISC West, VIVOTEK provided Kisi with a station in the booth to perform demonstrations, which proved to be very popular during the show.
Throughout the event, VORTEX remained a central focal point and rapidly gained popularity among partners since its launch. This was evident throughout the show as the VORTEX station was continuously used for strategic demonstrations. As for the theme, attendees commended on how much they liked this year’s booth layout, how the message of “Making Tomorrow Easier, Today” was delivered in every stations, how accessible the staff was in meeting with them, and how much they enjoyed the partner reception party.
VIVOTEK’s commitment to innovation and customer-centric solutions shone brightly at ISC West, as evident in the overwhelmingly positive feedbacks it received from partners, end users, media, and even other exhibit manufacturers. VIVOTEK extends heartfelt thanks to everyone who contributed to making this year’s ISC West a tremendous success. We look forward to making next year’s ISC West even better!
Photo – https://mma.prnewswire.com/media/2390930/1.jpg

View original content:https://www.prnewswire.co.uk/news-releases/vivotek-launches-successful-make-tomorrow-easier-today-vision-during-isc-west-2024-302121042.html

Continue Reading

Artificial Intelligence

aiOla’s Speech AI Technology Outperforms OpenAI’s Whisper in Recognizing Jargon

Published

on

aiola’s-speech-ai-technology-outperforms-openai’s-whisper-in-recognizing-jargon

aiOla’s model automates the creation of customized processes and workflows for conducting reports and inspections across industries such as manufacturing, supply chain and logistics, pharma, and more
TEL AVIV, Israel, April 18, 2024 /PRNewswire/ — aiOla, an AI-powered technology that automates business workflows by capturing spoken data, has announced a major milestone in speech recognition. aiOla’s solution, powered by a novel keyword spotting model, has advanced to match human proficiency in understanding industry-specific jargon. The patented AdaKWS model achieved 95% accuracy in keyword spotting, surpassing OpenAI’s industry-leading Whisper model which reached 88% accuracy.

Keyword spotting is an essential aspect of speech recognition that tackles the problem of identifying jargon by detecting predefined words and phrases. “Think about a courier delivery where your package arrives damaged. The courier needs to file a report using specific codes and acronyms that describe the situation — those codes and acronyms are keywords. Industry jargon is everywhere and in many fields, it dominates communication, comprising up to half of workers’ speech,” said aiOla’s CEO and co-founder, Amir Haramaty. “The ability to spot keywords enables automation of everyday processes across a wide range of industries, from filing a parcel damage report to completing a safety inspection in a food manufacturing plant, transforming speech into actions.”
aiOla’s process automation applications can accurately understand speech, jargon and acronyms across over 100 languages, regardless of accents and background noises. aiOla achieves this by combining its state-of-the-art keyword spotting model with a speech recognition model. The onboarding process takes mere hours: clients provide examples of their checklists or forms, and aiOla automatically generates custom language models for the use case. Workers are then able to complete their operations verbally using the aiOla app while keeping their eyes and hands on the equipment. aiOla’s exceptional ability to spot rare industry terms with high accuracy allows the platform to easily distinguish between speech related to work processes and everyday conversation.
The app leverages a proprietary model that was developed by aiOla’s team of scientists to recognize a predefined list of keywords within speech. This enables aiOla’s solution to be instantly adapted to the jargon of any industry without needing to retrain its AI model. On a benchmark of keyword and jargon detection that includes 16 languages, Whisper’s largest model yields 88% accuracy compared to aiOla’s model achieving 95% accuracy. Additionally, in a recent benchmark which is composed of hard-to-detect keywords taken from English language audiobooks, the CED model from a team of Apple researchers yields 92.7% whereas aiOla’s AdaKWS reaches 95.1% accuracy.
“Keyword spotting poses significant challenges due to the scarcity of training data, especially across diverse languages and dialects. It typically requires industry-specific fine-tuning to enable models to recognize jargon not commonly found in everyday speech,” said aiOla’s Chief Scientist, Professor Joseph Keshet. “Our model consistently surpassed the OpenAI Whisper baselines by a significant margin, achieving a substantial improvement compared to the top-performing baseline. Furthermore, our model is far more efficient, using 15x fewer parameters.”
To learn more about aiOla’s technology visit: https://aiola.com
Explore aiOla’s keyword spotting research: https://arxiv.org/pdf/2309.08561.pdf
About aiOla:
aiOla’s patented technology comprehends over 100 languages, and discerns jargon, abbreviations and acronyms, demonstrating a low error rate even in noisy environments. aiOla’s technology converts manual processes in critical industries into data-driven, paperless, AI-powered workflows through cutting-edge speech recognition.

View original content:https://www.prnewswire.co.uk/news-releases/aiolas-speech-ai-technology-outperforms-openais-whisper-in-recognizing-jargon-302121082.html

Continue Reading

Artificial Intelligence

AMN utilises SpaceX’s Starlink Constellation to Connect Rural Villages in Nigeria

Published

on

amn-utilises-spacex’s-starlink-constellation-to-connect-rural-villages-in-nigeria

LONDON, April 18, 2024 /PRNewswire/ — AMN is pleased to announce that the first AMN base station is now live using LEO backhaul from SpaceX’s Starlink. In 2023, AMN announced a commercial agreement to use Starlink, SpaceX’s constellation of satellites in low Earth orbit, to connect AMN’s mobile network base stations with high-speed, low-latency broadband services.

By utilising Starlink terminals to provide low-latency satellite backhaul, we are able to deliver the full capability of AMN’s unique multi-carrier radio access node (the ARN) with 3G and 4G as well as 2G, with ever-increasing amounts of bandwidth and data volumes demanded by subscribers whilst remaining economically sustainable. The LEO backhaul also paves the way for AMN to deliver 5G services, targeted before the end of 2024.
AMN began rolling out rural base stations in Nigeria in 2018, and the company now owns and operates 1600 base stations across the country. Yebu was the first rural community to be connected using AMN’s ubiquitous solar powered base station. The village is located approximately 80km from Abuja, but can take four hours to reach due to road conditions. Yebu is predominantly an agricultural community, with a market offering local farmers the opportunity to sell their goods.
Since connecting the community in November 2018, AMN has processed more than 9 million voice minutes in Yebu, with significant growth in 2022 and 2023 following the BTS upgrade to AMN’s own radio node (ARN). AMN became an OEM for RAN equipment in 2020 following the acquisition of Range Networks, and now operates more than 1200 ARN across Africa and Latin America. The impact of this strategic move is clear in Yebu. In 2023, the site processed almost three times the amount of traffic than it did in 2020.
“Yebu community was left behind and blind but the coming of Africa Mobile Networks in 2018 has made us to achieve a lot of things like police division station, 24 hours solar light and steady communication all over the world. Before then there was nothing like those things listed.” – Salihu, on behalf of the Yebu community
AMN believes that all communities of any significant size should have access to telecommunication services to benefit the population educationally, economically and socially. AMN has deployed over 4000 base stations across Africa and Latin America. Installation of new sites continues throughout 2024 in Nigeria, DRC, Cameroon, Madagascar, Ivory Coast, Benin and Rwanda. At AMN, we appreciate that any solution to close the digital divide must be economically sustainable and offer a service of the same quality as in urban areas. From designing and manufacturing our own BTS, uniquely developed for the solar-powered rural site, to offering cutting-edge backhaul solutions, we are committed to bringing high quality connectivity to those living in rural and ultra-rural areas.
CONTACT: Jennifer Darcy, [email protected], +44 1908 394482
 

View original content:https://www.prnewswire.co.uk/news-releases/amn-utilises-spacexs-starlink-constellation-to-connect-rural-villages-in-nigeria-302121059.html

Continue Reading

Trending