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Automation Software Market Value Projected To Reach US$ 46.6 Billion By 2028 Covering Covid-19 Impact: Acumen Research and Consulting

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LOS ANGELES, July 26, 2021 (GLOBE NEWSWIRE) — The Global Automation Software Market is anticipated to grow at a CAGR of around 16.9% during the forecast period 2020 to 2027 and to reach around US$ 46.6Bn by 2027.

Inclination towards automation among various industry verticals and high spending on product development are augmenting the global automation software market growth.

The market in North America is expected to account for major revenue share in the global automation software market due to inclination of players towards automating operations. Government is focused on strengthening the infrastructure in order to support the adoption of advanced devices. In 2021, the government of US said it will spend US$ 10.9 Bn on intelligent process automation (IPA). While, artificial intelligence (AI) and robotic process automation (RPA) services are expected to have lower spending with US$ 4 Bn anf US$ 5.4 respectively. Adoption of intelligent process automation in every industrial vertical approach towards enhancing the operational efficiency and reduction in the cost is increasing. 

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With the advent of sensors and high speed internet, manufactures are focused on enhancing the plant output. Presence of large number of players operating in the country and introduction of innovative solutions is expected to support the growth of target market. Players approach towards strengthening the banking sector and enhancing the customer experience is expected to impact the growth of automation software market. In 2020, Temenos AG, launched its digital banking service software solutions in the U.S. The software will let clients launch digital-only bank accounts for 90 days, thus letting the banks to meets the growing consumer demand and stay competitive in the market. Temenos AG is a banking based technology service provider from Switzerland. This is expected to help the company to enhance the business and increase the revenue share.

The market in Asia Pacific is expected to witness faster growth in the target market due to high government spending on infrastructure. Rapid industrialization in developing countries with the advent of artificial intelligence, machine learning and robotic technology are revolutionizing the economies with automated systems. Government expenditure on development healthcare is increasing; inclination towards deployment of advanced robotics in order to facilitate the service is expected to augment the automation software market growth. 

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Favorable business schemes and policies by the local government and emergence of SME enterprises with innovative solutions and increasing investment for automation in various industry verticals are major factors expected to drive the growth of global automation software market. In addition, increasing merger & acquisition and innovative product launches in order to enhance the business and increase the customer base is expected to boost the automation software market growth.

  • In 2021, UiPath a leading enterprise automation software company launched first automation school in Ireland to educate the next generation of the country’s workforce on automation. This launch is expected to help the company to enhance the business and attract new customers.
  • In 2021, Sopra Banking Software launched a software “Marketplace” to accelerate platformization and modernization of banking systems. This can help BSFI’s to leverage digitalization for banking, customer service, security, documentary management, data management and visualization.
  • In 2020, Automation Anywhere, a leader in RPA, launched its AI-Powered Banking Bot to Expedite SBA Loan Processing from 3 Days to 3 Weeks. This product launch is expected to help the company to enhance the business and strengthen its product offerings in the BFSI sector.

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Factors such as lack of developed infrastructure in developing countries for the adoption of advanced devices and lack of skilled professionals are factors expected to hamper the growth of global automation software market. In addition, high cost associated to integration of advanced solution to present structure is expected to challenge the growth of target market. However, increasing government spending on training new professionals, high investment by major players, and new product launches are factors expected to create new opportunities for players operating in the automation software market over the forecast period. In addition, increasing partnership between regional and international players is expected to support the revenue growth of target market.

The global automation software market is segmented into product types and applications. The product type segment is bifurcated into on-premises and cloud. Among product type, the cloud segment is expected to witness faster growth in the global automation software market. The application segment is divided in to BFSI, IT and telecoms, retail and consumer goods, travel and hospitality, healthcare and life sciences, education, media and entertainment, manufacturing, and others. Players operating in the global automation software market are ClickDimensions, Act-On Software, Oracle, ActiveCampaign, Sendinblue, SAS, Acoustic, Salesforce, GetResponse, and HubSpot.

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Artificial Intelligence

Akuvox S567G Smart Indoor Monitor Has Received Google Mobile Service Certification

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XIAMEN, China, Sept. 13, 2024 /PRNewswire/ — Akuvox has announced its S567G, an indoor monitor powered by Android™, to have received Google GMS certification. This certification ensures full support for Google Services, allowing users to download and update apps directly from the Google Play Store, including smart home control apps. It also enhances system security, protecting against malware and unauthorized access.

GMS certification involves comprehensive testing and approval by Google or a designated 3PL lab, validating security and compatibility to ensure seamless integration within the Android ecosystem. Receiving GMS certification underscores Akuvox’s leadership in the smart intercom industry. Building on its legacy as the pioneer of Android smart intercoms, Akuvox continues to elevate its Android systems with Google’s rigorous certification, offering clients flexible and sophisticated smart intercom solutions. 
The S567G’s GMS certification ensures flawless operation with key Google apps like Chrome, Gmail, YouTube, Maps, and the Play Store. Edward Shi, Product Manager of the S567G, notes, “The positive feedback we’ve received from clients, even during testing, confirms that this device is transforming daily life. It’s more than just an intercom — it’s a versatile tool, even capable of functioning as a small TV. Our team has worked tirelessly to meet the highest standards, and I’m excited to see how it enhances smart living for our users.”
The S567G’s features extend beyond intercom functionality. With four HD speakers and a 1280 x 800 IPS LCD screen, it offers an exceptional audio-visual experience, redefining the concept of an indoor monitor. Whether for entertainment or smart home control, the S567G stands out as a versatile wall-mounted tablet, bringing innovation to every interaction.
About Akuvox
Akuvox is a global leading provider of smart intercom and smart home products and solutions. It is committed to unleashing the power of technology to improve people’s lives with better communication, greater security, and more convenience. Encompassing artificial intelligence, SIP, Android, cloud, security, and other advanced technologies, Akuvox continuously drives breakthrough changes in the industry and creatively delivers an unrivaled portfolio of smart intercom and smart home products and solutions. It has been deployed and used daily in more than 110 countries and regions, meeting customer needs in various vertical markets that range from residential to commercial, from healthcare to public safety.
Photo – https://mma.prnewswire.com/media/2504901/Akuvox_S567G_Indoor_Monitor_Has_Received_GMS_CertificationAkuvox_proudly_announced.jpg 

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SeaBubbles Accelerates Sustainable Maritime Mobility with SmartBubble and Strategic Acquisition

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SAINT JORIOZ, France, Sept. 13, 2024 /PRNewswire/ — SeaBubbles, French pioneer in zero-emission hydrofoils, strengthens its commitment to ecological transition with the launch of SmartBubble, new flying boat model combining cutting-edge technology with iconic design. This innovative vessel, designed to carry up to eight people at a speed of 16 knots (30 km/h), takes its passengers on a silent and environmentally friendly flight, ideal for water taxi services and urban transportation.

SmartBubble: Concentration of Technology and Design
Following the success of its first public line on Lake Annecy, where hundreds of passengers experienced the unique sensation of flying aboard The Bubble (4-seater model), SeaBubbles reaches a new milestone with the homologation of the SmartBubble (8-seater model) and its four patents, including retractable foils.
SmartBubble technology is geared towards energy efficiency. The submerged wings (foils) equipped with automatic flaps allow to fly at low speeds, saving 40% of energy required. This unique boat has just been presented afloat for the first time at the Cannes Yachting Festival.
SeaBubbles Strengthens Flight Control Expertise with Neocean Acquisition
SeaBubbles also announces the acquisition of Neocean technology, to accelerate the development of flight control expertise, specifically on “inverted T” foils. Neocean is renowned for developing the Overboat, foiling catamaran with proven stability and maneuverability.
SeaBubbles is a key player in hydrofoil navigation, technology that improves energy efficiency of boats, particularly electric ones. The flight control system is a central element of the flight experience: it is designed to ensure stable flight by dynamically and autonomously managing the mechanical inclination of the flaps on the trailing edges of the foils.
SeaBubbles: Vision for the Future
SeaBubbles’ ambition is to revolutionize urban and suburban maritime transport with more efficient and environmentally friendly boats. Examples such as the Calanques National Park, Norwegian fjords, alpine lakes or the canals of Amsterdam demonstrate a committed initiative towards the preservation of aquatic ecosystems by gradually banning the circulation of thermal boats.
“Foils significantly reduce the drag of our boats, allowing our hydrofoils to move more easily and with less energy than a conventional boat: a considerable gain in cost and energy,” explains Virginie Seurat, CEO of SeaBubbles. “The acquisition of Neocean marks a decisive turning point and prepares us for our industrialization phase. We are ready to redefine the pleasure of boating and offer boats that comply with increasingly stringent environmental standards, while offering unique sailing comfort – zero noise, zero waves, zero emissions.”
AxiCom for SeaBubbles, [email protected] 
Photo – https://mma.prnewswire.com/media/2505216/SmartBubble_SeaBubbles.jpgLogo – https://mma.prnewswire.com/media/2146226/SeaBubbles_Logo.jpg
 
 
 

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Amagi and BuyDRM Partner to Secure Streaming Video on PlayMedia’s FAST Platform GoPlay

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NEW YORK, Sept. 13, 2024 /PRNewswire/ — Amagi, the global leader in cloud-based SaaS technology for broadcast and connected TV (CTV), today announced a partnership with BuyDRM, a leading content security services and solutions provider offering cloud-based content security for the streaming video platform GoPlay by PlayMedia. This successful collaboration with BuyDRM’s KeyOS Content Security Platform provides robust safeguards for valuable video content while allowing PlayMedia to focus on delivering high-quality video experiences to its audience without compromising security.

This partnership marks a significant step forward in addressing the evolving challenges of content security in today’s digital landscape. By combining BuyDRM’s expertise in DRM solutions with Amagi’s scalable cloud infrastructure, PlayMedia can ensure comprehensive protection for its content library against piracy and unauthorized access.
BuyDRM’s KeyOS Content Security Platform is an award-winning, studio-approved multi-DRM and watermarking content security platform for video. The KeyOS platform protects the assets of copyright holders and distributors with robust security services and solutions for high-value video content and is trusted by many of the most prominent names in media and entertainment across the globe.
Srinivasan KA, Co-Founder and Chief Revenue Officer at Amagi, said, “Our partnership with BuyDRM aligns perfectly with our endeavor to empower content creators and distributors with innovative technology. Integrating BuyDRM’s KeyOS platform into our cloud-based platform offers our customers like PlayMedia the peace of mind they need to focus on delivering exceptional content.”
“The alliance with Amagi made it possible for our mutual customer, PlayMedia, to utilize our content security offering in a cloud-based environment without sacrificing their security standards and the user experience,” said Christopher Levy, BuyDRM CEO and Co-Founder. “Both companies worked hard to empower PlayMedia with the technology needed to thrive in today’s streaming market.”
Amagi provides a complete suite of channel creation, distribution, and monetization solutions. The company’s clients include some of the world’s biggest names, including A+E Networks UK, ABS-CBN, Astro, Cox Media Group, DAZN, Globo, Lionsgate Studio, NBCUniversal, Tastemade, and VIZIO.
Amagi is exhibiting at IBC2024. Attendees can join Amagi and experience its innovative media cloud platform, which addresses unified broadcast and streaming TV workflows. Click here to book a meeting with Amagi executives.
About Amagi
Amagi is a next-generation media technology company that provides cloud broadcast and targeted advertising solutions to broadcast TV and streaming TV platforms. Amagi enables content owners to launch, distribute, and monetize live, linear channels on Free Ad-supported Streaming TV and video services platforms. Amagi also offers 24×7 cloud-managed services, bringing simplicity, advanced automation, and transparency to all broadcast operations. Overall, Amagi supports 800+ content brands, 800+ playout chains, and 5,000+ channel deliveries on its platform in over 150 countries. Amagi has a presence in New York, Los Angeles, Toronto, Mexico City, London, Paris, Sydney, Seoul, and Singapore, broadcast operations in New Delhi, and innovation centers in Bengaluru, Zagreb, and Łódź.
About BuyDRM
BuyDRM™ is a leading global provider of content security services for the entertainment, education, enterprise, and hospitality industries. BuyDRM’s KeyOS content security platform powers many of the largest brands in media and technology. With decades of market-leading experience implementing commercial content security solutions and media technologies, BuyDRM has amassed substantial success stories for many of today’s largest brands such as ABC (Australian Broadcasting Corporation), Daily Rounds, Deluxe Digital, EPIX, FuboTV, POPS Singapore, Rakuten Viki, Redbox, Roku, Samsung TV+, SBS Australia, Showtime, Sinclair Digital, Soundcloud, Sportradar, TubiTV and ViaPlay.
For more information, please visit www.buydrm.com.
Amagi Contact:
Aashish WashikarDirector – Corporate Communications Email: [email protected]
Photo: https://mma.prnewswire.com/media/2505092/Amagi_BuyDRM.jpg
 

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