Connect with us
Prague Gaming & TECH Summit 2024

Artificial Intelligence

Global Exoskeleton Robots Market to Reach $2.1 Billion by 2026

Published

on

New York, June 25, 2021 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Exoskeleton Robots Industry” – https://www.reportlinker.com/p05798545/?utm_source=GNW
These external skeletons use artificial intelligence and sensors to detect bio-neurotic signals from the brain and trigger the frame to move in line with specific instructions like sitting, standing or lifting an object. Growth in the global market is being driven by increasing applications across diverse industries, rising geriatric population, technological innovations and broader scope in the military and healthcare sectors. These suits are anticipated to find extensive adoption in healthcare applications and benefit from increasing number of rehabilitation centers. Against the backdrop of strict social distancing measures and travel restrictions to curb spread of the coronavirus, the combination of worker shortage and exponential growth of the e-commerce sector has created a strong demand for advanced tools across diverse industries to boost productivity while ensuring worker safety. The requirement has played an important role in driving the adoption of powered, full-body exoskeletons for production units, construction sites and other complex environments.

– Amid the COVID-19 crisis, the global market for Exoskeleton Robots estimated at US$647.1 Million in the year 2020, is projected to reach a revised size of US$2.1 Billion by 2026, growing at a CAGR of 21.2% over the analysis period. Healthcare, one of the segments analyzed in the report, is projected to grow at a 20.8% CAGR to reach US$1.2 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Industrial segment is readjusted to a revised 23.1% CAGR for the next 7-year period. This segment currently accounts for a 30.4% share of the global Exoskeleton Robots market. Healthcare continues to be the primary end-use application segment of the robotic exoskeletons market as a result of increasing adoption of these suits by seniors and people with mobility disorders. Rising acceptance of exoskeletons in rehabilitation centers coupled with increasing incident of spinal cord injuries and associated treatments are bolstering the healthcare segment.

The U.S. Market is Estimated at $319.6 Million in 2021, While China is Forecast to Reach $255.8 Million by 2026

– The Exoskeleton Robots market in the U.S. is estimated at US$319.6 Million in the year 2021. The country currently accounts for a 43.07% share in the global market. China, the world`s second largest economy, is forecast to reach an estimated market size of US$255.8 Million in the year 2026 trailing a CAGR of 25.4% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 16.9% and 19.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 21% CAGR while Rest of European market (as defined in the study) will reach US$305.6 Million by the end of the analysis period. Growth in North America region is being driven by major contribution from the US, rising aging population and high purchasing power of people. The market demand is propelled by increasing cases of spinal cord injury and stroke along with associated disabilities. Increasing awareness about these options and regulatory approval for medical exoskeletons are poised to fuel demand, while increasing number of rehabilitation centers to serve people with spinal cord injuries, stroke, traumatic brain surgeries, cerebral palsy and multiple sclerosis are expected to bolster the market. Improvements in healthcare infrastructure, a massive patient pool and government funding for medical devices are the major factors fueling growth in the Asia-Pacific region.

By End-Use, Industrial Segment to Reach $714 Million by 2026

– The Industrial segment is gaining from increasing cases of workplace injuries and rising awareness regarding various merits of using exoskeletons in industrial applications. The increasing demand for advanced products to empower workers in different sectors like manufacturing, construction and distribution is poised to benefit the industrial segment. In the global Industrial segment, USA, Canada, Japan, China and Europe will drive the 22% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$167.4 Million in the year 2020 will reach a projected size of US$699.6 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$70.2 Million by the year 2026.
Select Competitors (Total 101 Featured)

  • Cyberdyne, Inc.
  • Ekso Bionics
  • Hocoma AG
  • Honda Motor Co., Ltd.
  • Lockheed Martin Corporation
  • Panasonic Corporation
  • Parker Hannifin Corporation
  • Rewalk Robotics Ltd.
  • Rex Bionics Ltd.
  • Toyota Motor Corporation

Read the full report: https://www.reportlinker.com/p05798545/?utm_source=GNW

CONTENTS

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
Impact of COVID-19 and a Looming Global Recession
EXHIBIT 1: COVID-19 Leaves the World in Shambles & Industries
and Markets Upended: World Economic Growth Projections (Real
GDP, Annual % Change) for 2019E to 2022F
COVID-19 Provides Major Springboard to Full-Body, Powered
Exoskeleton Deployment
Pandemic Compels Senior Care Facilities to Use Modern
Technologies for Better Care
Disruptions in Military Training Inflicts Direct Blow on
Exoskeleton Robotics Market
EXHIBIT 2: Infection Spread Disrupts Military Personnel
Training & Troop Deployment: Cumulative Number of COVID-19
Cases Across the Defense Department in the U.S. in May, June,
September & November 2020
Exoskeleton Robots: Wearable Machines to Augment Human Strength
Active & Passive Exoskeletons
Rising Demand Amps Up Global Robotic Exoskeletons Market to
Action-Packed Future
Mobile Exoskeletons Dominate and Buoy the Market
Primary Segments of Robotic Exoskeletons
Prominent Factors with Positive Cascading Effect on Robotic
Exoskeletons Market
High Adoption in Medical & Military Applications
Technological Advances to Drive Growth
Select Innovations & Advancements
Analysis by End-Use: Healthcare Remains Primary Segment
EXHIBIT 3: World Exoskeleton Robots Market by End-Use (2020 &
2027): Percentage Breakdown of Revenues for Healthcare,
Industrial, and Other End-Uses
Regional Analysis: North America Remains the Most Lucrative Market
EXHIBIT 4: World Exoskeleton Robots Market by Region (2020 &
2027): Percentage Breakdown of Revenues for Developed and
Developing Regions
EXHIBIT 5: Global Exoskeleton Robots Market: Geographic Regions
Ranked by CAGR (Value) for 2020-2027: China, Asia-Pacific,
Rest of World, USA, Europe, Canada, and Japan
Competitive Scenario
Budding Market for Robotic Exoskeletons Marked by Fierce
Competition
Recent Market Activity
EXHIBIT 6: Exoskeleton Robots Competitor Market Share Scenario
Worldwide (in %): 2020(E)

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS
Healthcare Sector Steers Momentum in the Exoskeleton Robots Market
Rehabilitation Exoskeleton Robots Set to Make Big Gains
Exoskeleton Robots Helping Paraplegics to Walk Again
Recent Exoskeleton Advancements for Delivering Enhanced
Mobility Therapy
Increasing Incidence of Neurological, Musculoskeletal and
Chronic Medical Conditions to Steer Adoption
EXHIBIT 7: Global Osteoporosis Prevalence: Number of People
with Osteoporosis in Millions by Select Country/Region for
2012 and 2022P
EXHIBIT 8: Percentage (%) of Women Affected by Osteoporosis
Importance of Physical Therapy for Stroke Survivors Bodes Well
Select Arm and Hand Robotic Devices
Select Leg and Foot Robotic Devices
Rising Incidence of Physical Disabilities Steers Importance of
Rehabilitation Robots
EXHIBIT 9: Percentage of Population with Disabilities by Age Group
Growing Geriatric Population & Parallel Increase in Prevalence
of Age-Related Conditions: Strong Business Case for
Rehabilitation Exoskeleton Robots
EXHIBIT 10: Global Aging Population Statistics for the 65+ Age
Group in Million by Geographic Region for the Years 2019,
2025, 2035 and 2050
EXHIBIT 11: Elderly Population (65+ Years) as a % of Total
Population by Developed, Less Developed and Least Developed
Regions: 2019 & 2030
Rising Care Costs & Shortage of Home Care Workers for Disabled
and Elderly Turn Focus onto Rehabilitation Robots
EXHIBIT 12: Annual Cost of Full-Time Home Health Aide (in $) in
the US for 2004-2019
EXHIBIT 13: Long-term Care Workers in the US: Percentage
Breakdown of Workforce by Type for 2020
Resolving Prevailing Issues & Challenges: Critical for Future
Success of Rehabilitation Exoskeleton Robots
Exoskeleton Robots Poised to Transform Industrial Sector
Industrial Exoskeleton Robots Promise Increased Worker
Productivity & Reduced Workplace Injuries
Current Trends in Industrial Automation & Industry 4.0 Favor
Uptake
EXHIBIT 14: Major Industry 4.0 Technologies: Global Market Size
(US$ Billion) for Internet of Things (IoT), Big Data, Smart
Factory, Advanced Analytics, Service Robotics, and Smart
Machines for 2020
As Defense Departments Lean towards Advanced Technologies,
Opportunities Galore for Military Exoskeleton Robots
EXHIBIT 15: Global Defense Budget (In US$ Billion) for the
Years 2019, 2021 and 2023
New Range of Military Exoskeletons Come to the Fore to Address
Stringent Requirements of Infantry Squads
Emphasis on Soldier Protection & Strengthening Infantry
Capabilities Widen the Business Case
EXHIBIT 16: Global Active Ready-to-Fight Military Manpower (In
000s) by Country
Exoskeleton Robots Augment Military Wearable Technology
AI Steps into Reinforce Military Exoskeleton Robots
US Marines to Test Real-Life Exoskeleton Robots
Construction Sector: A Niche Domain for Exoskeleton Robots
Smart Exoskeleton Market Poised to Witness Robust Growth
Smart Textiles to Play an Important Role in the Development of
Smart Exoskeletons
EXHIBIT 17: Global Smart Textile Market (In US$ Billion) for Years
Ongoing Research Efforts to Open New Avenues
Lack of Standards Holding Back Exoskeleton Adoption

4. GLOBAL MARKET PERSPECTIVE
Table 1: World Current & Future Analysis for Exoskeleton Robots
by Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Revenues in US$ Thousand for Years 2020 through 2027
and % CAGR

Table 2: World 7-Year Perspective for Exoskeleton Robots by
Geographic Region – Percentage Breakdown of Value Revenues for
USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World Markets for Years 2020 & 2027

Table 3: World Current & Future Analysis for Healthcare by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Revenues in US$ Thousand for Years 2020 through 2027
and % CAGR

Table 4: World 7-Year Perspective for Healthcare by Geographic
Region – Percentage Breakdown of Value Revenues for USA,
Canada, Japan, China, Europe, Asia-Pacific and Rest of World
for Years 2020 & 2027

Table 5: World Current & Future Analysis for Industrial by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Revenues in US$ Thousand for Years 2020 through 2027
and % CAGR

Table 6: World 7-Year Perspective for Industrial by Geographic
Region – Percentage Breakdown of Value Revenues for USA,
Canada, Japan, China, Europe, Asia-Pacific and Rest of World
for Years 2020 & 2027

Table 7: World Current & Future Analysis for Other End-Uses by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Revenues in US$ Thousand for Years 2020 through 2027
and % CAGR

Table 8: World 7-Year Perspective for Other End-Uses by
Geographic Region – Percentage Breakdown of Value Revenues for
USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World for Years 2020 & 2027

III. MARKET ANALYSIS

UNITED STATES
Aging Demographics and Rise in People with Disabilities to
Drive Adoption of Exoskeleton Robots in Healthcare Setup
EXHIBIT 18: US Population by Age Group (in %) for 2018, 2030 &
2050
Home Healthcare Trends Augurs Well for Market Expansion
Market Analytics
Table 9: USA Current & Future Analysis for Exoskeleton Robots
by End-Use – Healthcare, Industrial and Other End-Uses –
Independent Analysis of Annual Revenues in US$ Thousand for the
Years 2020 through 2027 and % CAGR

Table 10: USA 7-Year Perspective for Exoskeleton Robots by
End-Use – Percentage Breakdown of Value Revenues for
Healthcare, Industrial and Other End-Uses for the Years 2020 &
2027

CANADA
Table 11: Canada Current & Future Analysis for Exoskeleton
Robots by End-Use – Healthcare, Industrial and Other End-Uses –
Independent Analysis of Annual Revenues in US$ Thousand for the
Years 2020 through 2027 and % CAGR

Table 12: Canada 7-Year Perspective for Exoskeleton Robots by
End-Use – Percentage Breakdown of Value Revenues for
Healthcare, Industrial and Other End-Uses for the Years 2020 &
2027

JAPAN
Market Overview
EXHIBIT 19: Aging Population in Japan: 65+ Individuals as % of
Total Population for 2010-2019
Market Analytics
Table 13: Japan Current & Future Analysis for Exoskeleton
Robots by End-Use – Healthcare, Industrial and Other End-Uses –
Independent Analysis of Annual Revenues in US$ Thousand for the
Years 2020 through 2027 and % CAGR

Table 14: Japan 7-Year Perspective for Exoskeleton Robots by
End-Use – Percentage Breakdown of Value Revenues for
Healthcare, Industrial and Other End-Uses for the Years 2020 &
2027

CHINA
Table 15: China Current & Future Analysis for Exoskeleton
Robots by End-Use – Healthcare, Industrial and Other End-Uses –
Independent Analysis of Annual Revenues in US$ Thousand for the
Years 2020 through 2027 and % CAGR

Table 16: China 7-Year Perspective for Exoskeleton Robots by
End-Use – Percentage Breakdown of Value Revenues for
Healthcare, Industrial and Other End-Uses for the Years 2020 &
2027

EUROPE
Market Overview
Aging Population: A Key Driver of Healthcare Exoskeleton
Robotics Market Growth
EXHIBIT 20: Elderly Population in Europe: 65+ People as % of
Total Population in Select European Countries for 2019
Market Analytics
Table 17: Europe Current & Future Analysis for Exoskeleton
Robots by Geographic Region – France, Germany, Italy, UK and
Rest of Europe Markets – Independent Analysis of Annual
Revenues in US$ Thousand for Years 2020 through 2027 and % CAGR

Table 18: Europe 7-Year Perspective for Exoskeleton Robots by
Geographic Region – Percentage Breakdown of Value Revenues for
France, Germany, Italy, UK and Rest of Europe Markets for Years
2020 & 2027

Table 19: Europe Current & Future Analysis for Exoskeleton
Robots by End-Use – Healthcare, Industrial and Other End-Uses –
Independent Analysis of Annual Revenues in US$ Thousand for the
Years 2020 through 2027 and % CAGR

Table 20: Europe 7-Year Perspective for Exoskeleton Robots by
End-Use – Percentage Breakdown of Value Revenues for
Healthcare, Industrial and Other End-Uses for the Years 2020 &
2027

FRANCE
Table 21: France Current & Future Analysis for Exoskeleton
Robots by End-Use – Healthcare, Industrial and Other End-Uses –
Independent Analysis of Annual Revenues in US$ Thousand for the
Years 2020 through 2027 and % CAGR

Table 22: France 7-Year Perspective for Exoskeleton Robots by
End-Use – Percentage Breakdown of Value Revenues for
Healthcare, Industrial and Other End-Uses for the Years 2020 &
2027

GERMANY
Table 23: Germany Current & Future Analysis for Exoskeleton
Robots by End-Use – Healthcare, Industrial and Other End-Uses –
Independent Analysis of Annual Revenues in US$ Thousand for the
Years 2020 through 2027 and % CAGR

Table 24: Germany 7-Year Perspective for Exoskeleton Robots by
End-Use – Percentage Breakdown of Value Revenues for
Healthcare, Industrial and Other End-Uses for the Years 2020 &
2027

ITALY
Table 25: Italy Current & Future Analysis for Exoskeleton
Robots by End-Use – Healthcare, Industrial and Other End-Uses –
Independent Analysis of Annual Revenues in US$ Thousand for the
Years 2020 through 2027 and % CAGR

Table 26: Italy 7-Year Perspective for Exoskeleton Robots by
End-Use – Percentage Breakdown of Value Revenues for
Healthcare, Industrial and Other End-Uses for the Years 2020 &
2027

UNITED KINGDOM
Table 27: UK Current & Future Analysis for Exoskeleton Robots
by End-Use – Healthcare, Industrial and Other End-Uses –
Independent Analysis of Annual Revenues in US$ Thousand for the
Years 2020 through 2027 and % CAGR

Table 28: UK 7-Year Perspective for Exoskeleton Robots by
End-Use – Percentage Breakdown of Value Revenues for
Healthcare, Industrial and Other End-Uses for the Years 2020 &
2027

REST OF EUROPE
Table 29: Rest of Europe Current & Future Analysis for
Exoskeleton Robots by End-Use – Healthcare, Industrial and
Other End-Uses – Independent Analysis of Annual Revenues in US$
Thousand for the Years 2020 through 2027 and % CAGR

Table 30: Rest of Europe 7-Year Perspective for Exoskeleton
Robots by End-Use – Percentage Breakdown of Value Revenues for
Healthcare, Industrial and Other End-Uses for the Years 2020 &
2027

ASIA-PACIFIC
India: Assistive Technologies for Disabled Individuals
Market Analytics
Table 31: Asia-Pacific Current & Future Analysis for
Exoskeleton Robots by End-Use – Healthcare, Industrial and
Other End-Uses – Independent Analysis of Annual Revenues in US$
Thousand for the Years 2020 through 2027 and % CAGR

Table 32: Asia-Pacific 7-Year Perspective for Exoskeleton
Robots by End-Use – Percentage Breakdown of Value Revenues for
Healthcare, Industrial and Other End-Uses for the Years 2020 &
2027

REST OF WORLD
Table 33: Rest of World Current & Future Analysis for
Exoskeleton Robots by End-Use – Healthcare, Industrial and
Other End-Uses – Independent Analysis of Annual Revenues in US$
Thousand for the Years 2020 through 2027 and % CAGR

Table 34: Rest of World 7-Year Perspective for Exoskeleton
Robots by End-Use – Percentage Breakdown of Value Revenues for
Healthcare, Industrial and Other End-Uses for the Years 2020 &
2027

IV. COMPETITION
Total Companies Profiled: 101
Read the full report: https://www.reportlinker.com/p05798545/?utm_source=GNW

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

Tata Elxsi and Telefónica Collaborate to Achieve True Cloud-Native Infrastructure Management, Revolutionising Telecommunications Landscape

Published

on

tata-elxsi-and-telefonica-collaborate-to-achieve-true-cloud-native-infrastructure-management,-revolutionising-telecommunications-landscape

BENGALURU, India and BARCELONA, Spain, Feb. 27, 2024 /PRNewswire/ — Tata Elxsi and Telefónica proudly announce a groundbreaking achievement in the realm of the automation of cloud infrastructure for telecommunications, with the successful implementation of true cloud-native infrastructure management powered by ETSI Open-Source MANO (ETSI OSM). This milestone represents a significant evolution in network management, enabling operators to build intent-driven network systems with unprecedented efficiency and agility.

Through this collaboration, Tata Elxsi and Telefónica have enhanced the capabilities of OSM, introducing innovative features such as infrastructure automation, serverless operations execution environments, and the deployment of multi-cloud Platform-as-a-Service (PaaS) solutions. These advancements mark a new phase in the evolution of Telco Cloud technologies and signify a commitment to driving digital transformation across the telecommunications industry.
The integration of OSM with Tata Elxsi’s award-winning NEURON platform represents a pivotal moment in multi-domain transformation towards autonomous network systems. NEURON’s business intent-driven functionalities, coupled with OSM’s platform, provide operators with unparalleled control and flexibility in managing complex infrastructures.
“In our collaboration with Tata Elxsi, our objective is to advance the boundaries of technology and standardization, propelling operators towards cloud-native agility,” emphasised Francisco-Javier Ramón, Multicloud Tools Manager in gCTIO Unit at Telefónica.
“We are thrilled to partner with Telefónica to revolutionize the orchestration landscape,” commented B. Ramesh Ramanathan, Principal Architect, CTO Office at Tata Elxsi. “This collaboration enhances our presence within the open-source community and propels NEURON towards the realm of 5G and beyond and autonomous networks.”
The strategic collaboration between Tata Elxsi and Telefónica sets the stage for future advancements in Telco Cloud technology, paving the way for cutting-edge solutions that address the evolving needs of the telecommunications industry.  Powered by OSM, NEURON now possesses the capability to seamlessly integrate infrastructure, services, security, networking, and configuration into a unified, intent-driven deployment.
Please visit MWC Hall 2 – 2A53MR to see the joint demonstration by Telefónica and Tata Elxsi.
About Tata Elxsi
Tata Elxsi is a global design and technology services company that blends technology, creativity, and engineering to help customers transform ideas into world-class products and solutions. With expertise in industries such as automotive, broadcast, communications, healthcare, and more, Tata Elxsi is committed to driving innovation and delivering value to its clients worldwide. For more information, visit www.tataelxsi.com.
About Telefónica:
Telefónica is a leading telecommunications company operating in Europe and Latin America. With a presence in over 15 countries and a customer base exceeding 350 million, Telefónica is committed to providing cutting-edge solutions and services that enable individuals, businesses, and communities to connect and thrive in the digital world.
Logo: https://mma.prnewswire.com/media/742257/Tata_Elxsi_Logo.jpg
 

View original content:https://www.prnewswire.co.uk/news-releases/tata-elxsi-and-telefonica-collaborate-to-achieve-true-cloud-native-infrastructure-management-revolutionising-telecommunications-landscape-302072353.html

Continue Reading

Artificial Intelligence

Netcore Unbxd’s Strategic Expansion in Europe Fuels 150% Revenue Growth, Redefining Ecommerce in Europe

Published

on

netcore-unbxd’s-strategic-expansion-in-europe-fuels-150%-revenue-growth,-redefining-ecommerce-in-europe

LONDON, Feb. 27, 2024 /PRNewswire/ — Netcore Unbxd, a leading AI-powered Commerce Search and Product Discovery landscape player, proudly announces exceptional growth in the UK and European markets. This growth which has tripled in the last year, is marked by the successful onboarding of market-leading retailers, including Waitrose, Unilever Europe, Camper Footwear, Dobbies, Alohas, OceansApart, Goodform, and ResMed Europe. What sets this accomplishment apart is its tangible impact on the retailer’s bottom line, as they leverage the advanced capabilities of Netcore Unbxd’s platform, resulting in an impressive 40% surge in revenue and a substantial 25% increase in conversions.

As a wholly owned subsidiary of Netcore Cloud Pvt Ltd, Netcore Unbxd has strategically scaled its teams across key markets in the UK, France, Spain, and Portugal. Unbxd’s data infrastructure spans five regions, including one in the EU. Additionally, the region has established a comprehensive Go-To-Market (GTM) team comprising skilled professionals in customer success, account management, and sales to reinforce its commitment to providing exceptional services and support to its expanding clientele.
Netcore Unbxd’s success lies in the compelling stories of its customers, which include:
Fishpools, a significant player in the UK furniture industry, experienced a 51% increase in Average Order Value (AOV) and a 20% surge in search-related revenue within 12 months of implementing the Unbxd platform.Wex Photo Video, a leading electronics retailer, saw a remarkable 35% reduction in bounce rates within the same period.The company’s recognition as a leader in the Forrester Wave report in the Commerce Search and Product Discovery category in Q3 of 2023 further solidifies its position in the market. This is in addition to Netcore’s previous recognition as a top vendor in Email Marketing Services (Q1 2022) and Cross-Channel Marketing (Q1 2023).
Netcore Unbxd’s advanced AI technology empowers retailers to deliver highly personalised shopping experiences, optimising product discovery and ensuring a seamless shopper journey. The region’s platform has been highly successful, offering enterprise features such as omnichannel search, natural language processing (NLP) models, and multi-language understanding. Recent collaborations with industry leaders such as Unilever and Waitrose highlight the platform’s effectiveness across diverse UK and European sectors.
Nishant Jain, COO of Netcore Unbxd, stated, “Our vision is to revolutionise the ecommerce landscape by leveraging AI technologies like large language models (LLMs) and vector models to enhance product discovery. Netcore Unbxd, a platform designed for enterprise retailers, has observed a significant 150% growth in revenue within the region over the past year.”
Laura Burbedge, Director of Online at Waitrose, said, “We know that our customers are busy and have lots of demands on their time – they need to be able to fill their online shopping trolley quickly and easily with minimal effort. Through working with Unbxd we have already seen a significant improvement in customer satisfaction with our search feature, with more personalised results.”
As AI continues to evolve in ecommerce, Netcore Unbxd remains well-positioned to leverage innovative solutions that empower businesses to stay ahead of the curve.
About Unbxd
Netcore Unbxd is a cutting-edge AI-powered product discovery platform that elevates the ecommerce experience with personalised interactions. By providing a range of solutions, including contextually relevant Search, Personalisation, and Product Recommendations, alongside an intelligent Product Information Management (PIM) platform and an intuitive merchandising console, Unbxd offers brands the tools to optimise their ecommerce objectives. Noteworthy global brands such as Unilever, MattressFirm, Waitrose, Advance Auto Parts, Dillard’s, The Children’s Place, HSN, and Wex have trusted Unbxd. Across the world, Unbxd consistently delivers exceptional shopping journeys to countless online visitors at scale.
Media Contact:Mekhala [email protected] 
Logo: https://mma.prnewswire.com/media/2325576/Netcore_Unbxd_Logo.jpg
 

View original content:https://www.prnewswire.co.uk/news-releases/netcore-unbxds-strategic-expansion-in-europe-fuels-150-revenue-growth-redefining-ecommerce-in-europe-302072111.html

Continue Reading

Artificial Intelligence

ZwickRoell selects IFS Cloud to drive operational efficiency and support growth

Published

on

zwickroell-selects-ifs-cloud-to-drive-operational-efficiency-and-support-growth

IFS Cloud ERP will streamline ZwickRoell’s processes to reduce complexity and improve efficiencies to build business resilience.
LONDON, Feb. 27, 2024 /PRNewswire/ — IFS, the global cloud enterprise software company, today announced that ZwickRoell Gmbh & Co.KG, a leading worldwide manufacturer of materials testing equipment, has selected IFS Cloud in a strategic move to harmonize its business processes and deliver enhanced visibility across its operations.

The move to IFS Cloud was driven by the need to modernize its current Enterprise Resource Planning (ERP) and Customer Relationship Management (CRM) solution, which could no longer meet the business’ requirements needed to support its strategic growth plans.  Amid industry challenges, including global supply chain disruption, meeting sustainability goals and readiness for increased automation, ZwickRoell sought a new solution that would simplify its daily operations and eliminate existing IT operating risks.
IFS Cloud will enable the company to harmonize its disparate systems and simplify processes across its operations, driving continuous improvements and efficiency. With IFS Cloud, ZwickRoell will benefit from a single, composable digital platform that is designed to fit the needs of its complex manufacturing cycle today, from product development through to service and maintenance, and scale in future.
A key advantage of IFS Cloud is its evergreen model, which allows ZwickRoell to seamlessly integrate composable business applications across ERP, Enterprise Asset Management (EAM) and Field Service Management (FSM) as needed, enabling a solid data foundation across organization, and therefore delivering faster time to insight and minimizing costs. IFS Cloud will also enable the company to easily integrate users from MS Dynamics CRM systems, one of ZwickRoell’s key requirements.
Klaus Cierocki, CEO of ZwickRoell, said: “We are excited to begin a new chapter with IFS. Their manufacturing industry expertise and leading enterprise software differentiated them during the competitive selection process and they have given us complete confidence that they will support. IFS Cloud will provide us with the single platform that we knew was necessary to properly support our entire manufacturing and production cycle, ultimately helping us deliver better value to our customers and to build resiliency and agility into our business.”
Frank Beerlage, Managing Director DACH, IFS, said: “ZwickRoell is a strong family-run organization with traditions reaching back 160 years. Its values of honesty and fairness and its commitment to its customers are deeply aligned with IFS’s own mission. Globally, we are seeing manufacturers are increasingly accelerating their adoption of cloud-enabled solutions to enable the agility needed in the face of global challenges. We look forward to partnering with ZwickRoell on their digital transformation journey with IFS Cloud a core part of their strategic growth plans.”
The scale of deployment will include 1,390 users and two sites in Germany and Austria, with an 18-month global rollout to follow.
About ZwickRoell
For more than 160 years ZwickRoell has delivered outstanding technical performance, innovation and quality, in materials and component testing. ZwickRoell testing machines are used in R&D and quality assurance in more than 20 industries with one common goal – reliable test results This is ensured by a team of 1,900 dedicated employees in +50 countries, with competence, openness and passion.
Learn more about how automation and digitalization can make testing processes more efficient, simpler and safer at zwickroell.com  
About IFS
IFS develops and delivers cloud enterprise software for companies around the world who manufacture and distribute goods, build and maintain assets, and manage service-focused operations. Within our single platform, our industry specific products are innately connected to a single data model and use embedded digital innovation so that our customers can be their best when it really matters to their customers-at the Moment of Service™. The industry expertise of our people and of our growing ecosystem, together with a commitment to deliver value at every single step, has made IFS a recognized leader and the most recommended supplier in our sector. Our team of over 6,000 employees every day live our values of agility, trustworthiness, and collaboration in how we support our 6,500+ customers. Learn more about how our enterprise software solutions can help your business today at ifs.com.
IFS Press Contacts:EUROPE / MEA / APJ: Adam GillbeIFS, Director of Corporate & Executive CommunicationsEmail: [email protected]: +44 7775 114 856
NORTH AMERICA / LATAM: Mairi MorganIFS, Director of Corporate & Executive CommunicationsEmail: [email protected]: +44 7018 607 299
The following files are available for download:
https://mb.cision.com/Public/855/3935600/ad3dc38ca4cb4f61.pdf
ZwickRoell PR Final
https://news.cision.com/ifs/i/zwickroell930x423,c3271329
zwickroell930x423
 

View original content:https://www.prnewswire.co.uk/news-releases/zwickroell-selects-ifs-cloud-to-drive-operational-efficiency-and-support-growth-302072341.html

Continue Reading

Trending