Artificial Intelligence
Aramis Group – strong revenue growth in 3rd quarter ended 30 June 2021
PRESS RELEASE
Strong revenue growth in 3rd quarter ended 30 June 2021
Triple-digit growth of B2C refurbished used cars sales
- Group revenue1 growth of 68% in 3rd quarter ended 30 June 2021 to €377.5 million on a combined2 basis (+32% over the first nine months of the fiscal year).
- 68% increase in volumes with 23,197 B2C vehicles sold during the quarter, including 14,346 B2C refurbished used cars
- 116% growth in revenues from sales of B2C refurbished used cars in Q3 (and +48% over the first nine months on a combined basis)
- Very strong performance in all countries where the Group operates
- Integration of CarSupermarket in the United Kingdom well on track with already visible achievements
- Successful IPO on Euronext Paris in June providing the Group with significant firepower to fuel its pan European expansion and accelerate its growth
- Confirmation of all 2021 full-year targets
Paris, 29 July 2021 – Aramis Group, a European leader in online sales of used cars operating the Aramisauto, Cardoen, Clicars and CarSupermarket brands, in France, Belgium, Spain and the United Kingdom respectively, published today revenue figures for the third quarter of 20211, which ended on 30 June 2021.
Nicolas Chartier and Guillaume Paoli, co-founders and respectively Chairman and CEO and Deputy CEO of Aramis Group declared:
“The Group’s performance in the third quarter was extremely positive. Our remarkable growth was driven by very strong trends in the B2C segment, and particularly in our refurbished used car activity, which is at the heart of the Group’s profitable growth strategy. All countries in which the Group operates saw very solid double-digit growth and the integration of CarSupermarket in the United Kingdom is proceeding as planned. We are also continuing our efforts to ensure constant improvements in the customer experience, such as the introduction of car delivery in less than 24 hours in France and Spain. Despite continued uncertainty on the sanitary situation, our outlook remains positive and we confirm all our targets for FY2021.”
| Q3 2021 | Q3 2020 Combined |
Growth | 9M 2021 Combined |
9M 2020 Combined |
Growth | |
| Volumes B2C (in units) | 23,197 | 13,806 | +68% | 58,818 | 45,424 | +29% |
| Refurbished | 14,346 | 6,593 | +118% | 35,763 | 24,655 | +45% |
| Pre-registered | 8,851 | 7,213 | +23% | 23,055 | 20,769 | +11% |
| Revenue by segment (in million euros) | ||||||
| B2C | 331.0 | 203.5 | +63% | 840.5 | 649.0 | +30% |
| Refurbished | 196.6 | 91.1 | +116% | 498.0 | 337.2 | +48% |
| Pre-registered | 134.4 | 112.4 | +20% | 342.4 | 311.8 | +10% |
| B2B | 27.2 | 13.5 | +102% | 74.6 | 52.0 | +43% |
| Services | 19.3 | 8.2 | +134% | 51.2 | 32.6 | +57% |
| Revenue by country (in million euros) |
||||||
| France | 194.9 | 147.4 | +32% | 496.9 | 403.8 | +23% |
| United Kingdom | 75.0 | 38.7 | +94% | 199.4 | 181.3 | +10% |
| Belgium | 49.8 | 27.9 | +78% | 133.7 | 111.6 | +20% |
| Spain | 57.8 | 11.2 | +418% | 136.4 | 37.0 | +269% |
| Total revenue2 (in million euros) |
377.5 | 225.2 | +68% | 966.3 | 733.6 | +32% |
Q3 2021 REVENUE
Revenue was €377.5 million2 in the third quarter, representing an increase of 68% relative to the third quarter ended 30 June 2020 on a combined basis. This excellent performance was driven by the strength of B2C sales of refurbished used cars and a solid showing in all the Group’s geographies.
Breakdown of revenue by segment
The Group’s performance was boosted in particular by very strong growth in the segment of refurbished used cars for private buyers (B2C). The Group posted growth of 116% in this segment over the third quarter, relative to the third quarter ended 30 June 2020 on a combined basis, driven by an increase of the Group’s sourcing and refurbishment capacities as well as successful online and offline marketing campaigns in all the group geographies. The pre-registered car segment grew by 20% despite a challenging new car market. The B2B and Services segments saw growth of 102% and 134% respectively across all the Group’s national markets.
Breakdown of revenue by country
The Group saw exceptional growth in all its four geographies.
In France, the Group returned solid growth of 32% over the third quarter, with revenue of €194.9 million. This good performance came in part from the strong market for B2C refurbished cars and productivity improvements in its refurbishment centre. In addition, the Group continued to gain market share in the B2C pre-registered cars segment, despite a challenging new car market.
In Spain, the Group recorded an exceptional performance, with growth of 418% compared to the same period in 2020, taking revenue to €57.8 million in the third quarter. This performance allowed the Group to consolidate its leading position in this market, which is the 5th biggest in Europe. This level of growth has been achieved thanks to high-quality marketing campaigns, diversified supply that is well-adapted to its customers’ demands and the extension of its refurbishment capacity.
In the United Kingdom, the Group generated revenue of €75.0 million, representing growth of 94% relative to the third quarter of 2020. Number 1 European market in size for B2C used car, the UK market remains highly attractive and the integration of CarSupermarket is proceeding as planned with already visible achievements. A new Finance Director has recently joined the team and working methods continue to be harmonised, allowing the Group to improve the productivity of its refurbishing centre. The Group has also increased its refurbishment capacity and launched marketing campaigns to boost CarSupermarket brand and sales.
In Belgium, revenue was €49.8 million in the third quarter, representing an increase of +78% on 2020. This solid growth was driven by the strong refurbished cars sales performance. As in France, the Group also gained market share in the B2C pre-registered cars segment, despite pressure on the market.
KEY STRATEGIC INITIATIVES
Over the quarter, the Group successfully continued to deliver on its profitable growth strategy. It notably implemented several initiatives to increase traffic on its websites (+71% growth compared to Q3 2020) and improve its brands recognition, including strengthened media investments and new TV campaigns in Belgium and Spain.
Aramis Group leveraged its digital know-how to improve its sourcing and refurbishing capacities by strongly accelerating C2B procurement and using artificial intelligence to improve productivity in its industrial sites. The Group has also been extending its refurbishment site in Villaverde, near Madrid, in Spain.
To further increase customer conversion and satisfaction, Aramis group also implemented several initiatives. It notably launched next-day delivery in France and Spain and extended its return-or-money-back guarantee in France from 15 to 30 days.
ALL TARGETS CONFIRMED
Aramis Group is confirming all its targets for the fiscal year ending on 30 September 2021, announced in the context of its initial public offering, provided that the health crisis does not further disrupt current business levels. Aramis Group aims for organic revenue3 to be above €1.25bn and for an EBITDA4 margin of between 2.7% and 2.9%.
The Group also expects B2C sales of 45,000 refurbished used cars in the year to 30 September 2021, representing pro forma organic growth of 35% on 2020.
Aramis Group is also confirming all its mid to long term targets presented at the IPO.
***
Upcoming Financial Information
2021 annual sales: November 9, 2021 (pre market)
2021 annual results: December 9, 2021
About Aramis Group
Aramis Group is a leading European B2C platform to acquire a used car online and brings together four brands: Aramisauto, Cardoen, Clicars and CarSupermarket, in France, Belgium, Spain and the UK respectively. The Group is transforming the used car market and is putting digital technology at the service of customer satisfaction with a fully vertically integrated business model. Including CarSupermarket contribution, in FY2020, Aramis Group had pro forma revenues of c.€1.1 billion, sold 66,000 vehicles B2C, and had 1,400 employees, 60 customer centres and 3 industrial refurbishing sites. The Group’s websites recorded 20M visits in Q3 FY2021. Aramis Group is listed on compartment A of the Euronext Paris stock exchange (Ticker: ARAMI – ISIN: FR0014003U94). For more information, visit www.aramis.group.
Media Contacts
Brunswick
[email protected]
Hugues Boëton +33 (0) 6 79 99 27 15
Tristan Roquet Montegon +33 (0)6 37 00 52 57
Investors Contact
Aramis Group
[email protected]
Disclaimer
Certain information included in this press release are not historical facts but are forward-looking statements. These forward-looking statements are based on current beliefs, expectations and assumptions, including, without limitation, assumptions regarding present and future business strategies and the environment in which Aramis Group operates, and involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements, or industry results or other events, to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include those discussed or identified under Chapter 3 “Facteurs de Risques” in the Registration Document dated 25 May 2021, approved by the AMF under number I. 21-024 and available on the Company’s website (www.aramis.group) and the AMF’s website (www.amf-france.org). These forward-looking information and statements are not guarantees of future performances.
Forward-looking statements speak only as of the date of this press release and Aramis Group expressly disclaims any obligation or undertaking to release any update or revisions to any forward-looking statements included in this press release to reflect any change in expectations or any change in events, conditions or circumstances on which these forward-looking statements are based. Such forward-looking statements are for illustrative purposes only.
This press release includes only summary information and does not purport to be comprehensive. No reliance should be placed on the accuracy or completeness of the information or opinions contained in this press release.
Some of the financial information contained in this press release is not directly extracted from Aramis Group’s accounting systems or records and is not IFRS (International Financial Reporting Standards) accounting measures. It has not been independently reviewed or verified by Aramis Group’s auditors.
This press release does not contain or constitute an offer of securities for sale or an invitation or inducement to invest in securities in France, the United States or any other jurisdiction.
1 Revenues excluding B2B export vehicle purchase and sale activities in Belgium, which the Group does not plan to pursue in the medium term.
2 In this press release:
(i) revenue and sales volumes for the 3rd quarter ended 30 June 2021 include revenue and sales volumes recorded from 1 April 2021 to 30 June 2021 by Aramis Group on its consolidation perimeter, which includes CarSupermarket since 1 March 2021;
(ii) combined revenue and sales volumes for the 3rd quarter ended 30 June 2020 include the combined revenue and sales volumes of Aramis Group and CarSupermarket from 1 April 2020 to 30 June 2020;
(iii) combined revenue and sales volumes for the 9-month period ended 30 June 2021 include revenue and sales volumes for the 3rd quarter ended 30 June 2021, as described in (i) above, and combined revenue and sales volumes of Aramis Group and CarSupermarket from 1 October 2020 to 31 March 2021;
(iv) combined revenue and sales volumes for the 9-month period ended 30 June 2020 include combined revenue and sales volumes of Aramis Group and CarSupermarket from 1 October 2019 to 30 June 2020.
3Based on the pro forma consolidation perimeter of the Group at 30 September 2020 and including change in consolidation perimeter related to the acquisition of CarSupermarket in the United Kingdom.
4Based on the pro forma consolidation perimeter of the Group at 30 September 2020 and including change in consolidation perimeter related to the acquisition of CarSupermarket in the United Kingdom
Attachment
Artificial Intelligence
Behavior Analytics Market worth $13.4 billion by 2029- Exclusive Report by MarketsandMarkets™
DELRAY BEACH, Fla., Sept. 11, 2024 /PRNewswire/ — The Behavior Analytics Market is expected to reach USD 13.4 billion by 2029 from USD 5.5 billion in 2024, at a Compound Annual Growth Rate (CAGR) of 19.5% during the forecast period, according to a new report by MarketsandMarkets™.
Browse in-depth TOC on “Behavior Analytics Market”
250 – Tables 50 – Figures300 – Pages
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Scope of the Report
Report Metrics
Details
Market size available for years
2019–2029
Base year considered
2023
Forecast period
2024–2029
Forecast units
Value (USD) Billion
Segments covered
By Offering (Solutions and Services), Type (Customer Centric, Employee Centric), Application (Customer Engagement, Brand Promotion, Workforce Optimization, Threat Detection & Prevention, and Other Applications), Vertical (BFSI, Retail & eCommerce, Telecom, IT & ITES, Media & Entertainment, Healthcare, Government & Defense, Travel & Hospitality, and Other Verticals)
Region covered
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America
Companies covered
Qualtrics (US), OpenText (Canada), Microsoft (US), Cisco Systems, Inc. (US), IBM (US), Zoho Corporation (India), Oracle (US), Varonis Systems, Inc. (US), Fortinet, Inc. (US), Securonix (US), Teradata (US), Google (US), Adobe (US), SAS Institute (US), Qlik (US), 84.51˚ (US), Contentsquare (France), Exabeam (US), Clevertap (US), Dtex Systems (US), Mouseflow (US), Gurucul (US), Netspring (US), Visier, Inc. (Canada), Teramind (US), SplashBI (US), Amplitude (US), and Prohance (India)
Behavior analytics is a surging functionality that has immense significance in the betterment of cybersecurity and operational efficiency. It empowers organizations to identify the anomaly, insider threat, and probable fraud by harnessing the power of user and entity behavior analytics. Similarly, as business enterprises gradually adopt higher-level technology Al and machine learning behavior analytics solutions also increase in terms of accuracy and adaptability. This allows the maturing of security postures, reduction of operational risks, and the making of data-driven decisions in pacing up to the threats that are rapidly morphing. The market is segmented on the basis of offering, type, application, and vertical. Offering includes solutions like user and entity behavior, A/B testing, Feedback and voice of the customer (VOC), Heatmap among other solutions like session replay, website conversion optimization. This further can be divided into customer-centric and employee-centric. Applications in this segment involve customer engagement, brand promotion, workforce optimization, threat detection, and prevention applications, many more of which get further categorized into applications like personalized recommendations, product development, and compliance management. The verticals segment includes BFSI, Retail & Ecommerce, Telecom, IT & ITES, Media & Entertainment, Healthcare, Government & Defense, Travel & Hospitality, and Other verticals, which include Transportation & Logistics and Energy & Utilities. These together provide a composite, deep view into the evolving landscape of behavioral analytics and its likely business implications.
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Based on application, customer engagement segment to hold the largest market size during the forecast period.
Customer engagement would have the largest market size during the forecast period, owing to the fact that this segment potentially might register high growth by enhancing and personalizing customer interactions. Enterprises are leveraging behavior analytics to develop rich insights into customer preferences, purchasing habits, and interaction patterns. It therefore allows business organizations to come up with highly targeted marketing strategies, to base most of their offerings on the needs of customers, and to improve the quality of service. On the other hand, this better satisfies and creates more loyalty among customers, which again turns into more efficient strategies of customer engagement and retention. Coupled with this, the delivery of customized experiences that would be carried out in a way that would give a differentiating edge over their peers, especially with regard to closer ties with customers, has increased demand for behavior analytics solutions in the customer engagement space.
Based on offering, the service segment is expected to hold a higher growth rate during the forecast period.
The service segment is bound to grow at a higher rate in the forecast period, as more demand arises for support and expertise to deploy and manage behavior analytics solutions. In contrast to product-based offerings, services are comprehensive in nature, where implementation and customization, continuous support would be required to use such behaviour analytics tools to their full functionality by organizations. Consequently, the business starts striving to adopt these solutions in their existing system and optimally tunes them for its needs; therefore, increasing demand for professional consulting, training, and technical support. On the whole, behavior analytics solutions are complex in nature and require special kinds of knowledge and are always in a phase of maintenance in order to fight off threats and problems of businesses.
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Asia Pacific is expected to hold a higher growth rate during the forecast period.
The factors that may drive the market growth rate higher in this region during the forecast period include the rapid digital transformation in Asia-Pacific and increasing adoption of advanced technologies, including cloud computing, Al, and machine learning, which are part and parcel of behavior analytics solutions. As companies in the region look toward improving cybersecurity and gaining better insights into user behavior, demand is high, surging for tools that can provide behavior analytics. This coupled with the rise in cyber threats and data breaches has called for organizations. As such, they tend to incur more expenditures for better analytics solutions while securing their assets. Again, the rising middle-class populations, together with growing technology start-ups and established firms, create the demand for behavior analytics to achieve operational efficiency and consumer engagement. In this regard, the mix of technological growth, heightened security concerns, and growing digital economy acts as the underpinning for the higher growth rate in the Behavior Analytics Market of APAC.
Top Key Companies in Behavior Analytics Market:
The major vendors covered in the Behavior Analytics Market are Qualtrics (US), OpenText (Canada), Microsoft. (US), Cisco Systems, Inc. (US), IBM (US), Zoho Corporation (India), Oracle (US), Varonis Systems, Inc. (US), Fortinet, Inc. (US), Securonix (US), Teradata (US), Google (US), Adobe (US), SAS Institute (US), Qlik (US), 84.51° (US), Contentsquare (France), Exabeam (US), Clevertap (US), Dtex Systems (US), Mouseflow (US), Gurucul (US), Netspring (US), Visier, Inc. (Canada), Teramind (US), SplashBI (US), Amplitude (US), Prohance (India). These players have adopted various growth strategies, such as partnerships, agreements and collaborations, new product launches, enhancements, and acquisitions to expand their footprint in the Behavior Analytics Market.
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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.
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Artificial Intelligence
eQ Technologic Appoints New CEO, Kunal Khaladkar, to Continue to Drive Business Strategy and Innovation
Amid the passing of founder and CEO, Dinesh Khaladkar, eQ remains committed to client service and its corporate vision of accelerating digital transformation
COSTA MESA, Calif., Sept. 11, 2024 /PRNewswire/ — With profound sadness, eQ Technologic, Inc., the developers of the eQube®-DaaS Platform, announce the passing of their founder, president, and CEO, Dinesh Khaladkar. Following his untimely passing last month, the board followed Dinesh’s succession plan, appointing Kunal Khaladkar as the president and CEO, to carry forward Dinesh’s legacy as an entrepreneur and grow eQ to greater heights.
Dinesh founded eQ Technologic on Sept. 11, 2000, exactly 24 years ago, and went on to build one of the most revolutionary and disruptive data integration and analytics platforms, eQube®-DaaS. He spearheaded strategic business and partnership development, ensured a customer-centric focus, and drove the direction of internal product and technology development at eQ. With his pioneering vision and relentless drive, the organization steadily grew to have 900+ employees around the globe, offices in four countries, 550+ customers across eight industries, and 150+ partners in its robust network.
As the company enters its 25th year, Kunal Khaladkar steps into the role of president and CEO of eQ Technologic. Kunal will continue to drive the business strategy and innovation, while ensuring alignment with the corporate vision and mission.
“My father, Dinesh, had a pioneering vision that built eQ Technologic into a global leader in data integration and analytics,” said Kunal Khaladkar, president and CEO. “As we honor his legacy, I am committed to leading eQ forward with the same dedication to innovation and excellence that he instilled in all of us. We are 1eQ, and we continue to simply deliver.”
Since joining the company a decade ago, Kunal has held various positions within the company. Starting as a software engineer working on product development, he has since transitioned to lead several customer implementations as well as business development initiatives. With deep technical expertise coupled with a keen business acumen and a strong pulse on customer needs, he brings together the perfect blend of technology, business, and stakeholder management, to enable value creation, growth, and long-term customer success.
About eQ Technologic
Over the past two decades, eQ has been instrumental in accelerating digital transformation across industries such as Aerospace & Defense, Department of Defense, Automotive, Energy, Heavy-Machinery, Electronics, High-Tech, Electronics, Consumer Packaged Goods (CPG), and more. The Low/No-Code eQube®-DaaS (Data as a Service) Platform establishes a Data Fabric with a connected network of integrated data, applications and devices that puts the power of analytics in the hands of end users, leading to Actionable Insight. eQ’s 100+ OOTB plug and play Connectors connect disparate heterogeneous systems in an instant, empowering organizations to work with any data, any format, any API, any speed, with any system, any application, and any device without writing any code. It enables secure, scalable, and robust information collaboration while honoring security rules. This enables eQ to offer solutions like Digital Thread, CLM (Closed Loop Manufacturing), Multi-PLM Solutions, For-purpose Apps, API Factory with Common Data Model, and many others. Some of eQ’s marquee customers include Lockheed Martin, Northrop Grumman, US Navy, Rolls-Royce, Collins Aerospace, Pratt & Whitney, Adient, ULA, Moog, Micron Technologies, Boeing, General Electric, Siemens Energy, Panasonic, EDF, and General Dynamics, to name a few. For more information, please visit www.1eQ.com and www.linkedin.com/company/eq-technologic/.
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Artificial Intelligence
Smart Glasses Market worth $4,129.3 million by 2030 – Exclusive Report by MarketsandMarkets™
DELRAY BEACH, Fla., Sept. 11, 2024 /PRNewswire/ — The global smart glasses market is projected to reach USD 4,129.3 million by 2030 from USD 878.8 million in 2024; it is expected to grow at a CAGR of 29.4% according to a new report by MarketsandMarkets™. Key factors propelling the market growth include the rapid technological advancements, increased demand for AR smart glasses, and growing adoption in the industrial sector. Moreover, developments in 5G technologies, and consumer market expansion are expected to create significant opportunities for the smart glasses market. Regulatory constraints, safety concerns and continuously changing consumer preferences are expected to be restraining factors for the smart glasses market. Technical limitations such as the need for miniaturized components for smart glasses considering their smaller sizes are expected to create challenges for the smart glasses market. Increasing technological advancements in display technology, sensor technology, and processors are expected to drive market growth. Furthermore, the ability to offer an immersive and more interactive experience is enabling the growth of AR and MR smart glasses adoption. Demand for advanced MR smart glasses in industries such as manufacturing, warehousing, and healthcare for training of employees, and remote assistance is also driving the growth of the smart glasses market.
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Browse in-depth TOC on “Smart Glasses Market”
181 – Tables75 – Figures261 – Pages
Smart Glasses Market Report Scope:
Report Coverage
Details
Market Revenue in 2024
$ 878.8 million
Estimated Value by 2030
$ 4,129.3 million
Growth Rate
Poised to grow at a CAGR of 29.4%
Market Size Available for
2020–2030
Forecast Period
2024–2030
Forecast Units
Value (USD Million/Billion)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
By Type, Feature, Industry, and Region
Geographies Covered
North America, Europe, Asia Pacific, and Rest of World
Key Market Challenge
Technical limitations
Key Market Opportunities
Developments in 5G technology
Key Market Drivers
Growing adoption in industrial sector
Monocular smart glasses segment to grow at a significant CAGR during the forecast period.
Monocular smart glasses are expected to grow at a significant CAGR during the forecast period, driven by enhanced performance and safety features. Monocular smart glasses are generally light and compact, thus enhancing comfort during extended-use conditions. It is used in logistics, maintenance, and field services where hands-free information is needed. These monocular smart glasses increase efficiency and accuracy while reducing the margins of error by overlaying data and instructions directly on the user’s display to make guidelines and handbooks accessible to engineers and field personnel while working on the field.
Basic smart glasses segment to grow at significant CAGR between 2024 and 2030.
Faster adoption in the consumer sector for listening to music and attending phone calls hands-free is set to boost basic smart glasses growth. Basic smart glasses have with built-in audio systems that enable users to listen to music, take phone calls, and receive audio notifications. These features enable users to directly listen to the audio content through the smart glasses and eliminate the use of external earphones. With the use of such smart glasses, users can enjoy their favorite tunes without wires; and they can manage voice calls because hands-free communication is facilitated with integrated microphones. Users get navigation instructions through real-time audio guidance. Using these glasses, users can also listen to audiobooks and podcasts because the facility of immersive listening experiences on the go is offered.
Automotive segment to grow at a significant CAGR during forecast period.
The automotive sector uses smart glasses to speed car maintenance and increase driving safety. With features like hands-free operation, augmented reality navigation, and real-time data presentation, these devices improve driving safety and efficiency. Smart glasses with augmented reality capabilities can assist mechanics with vehicle maintenance. When a mechanic stares at a specific location of an automobile, for instance, the smart glasses can display a digital overlay with torque settings, repair directions, and technical details. This feature significantly reduces the time required for diagnosis and repairs and speeds up the repair process by providing fast access to critical information.
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Europe region is likely to offer significant growth opportunities in the global smart glasses industry during the forecast period.
Technological advancements in AR and VR technologies, growing demand from gaming and entertainment, integration with consumer electronics devices, and demand from industries such as healthcare are expected to be the drivers for the smart glasses market in the European region.
The increasing adoption in the German automotive industry for improving efficiency, quality, and safety across the industry, rising demand from healthcare, education & research in UK, and increasing demand from tourism and presence of some of large smart glasses manufacturers in France are the significant drivers for European smart glasses market.
Some of the key players in the smart glasses companies include Meta (US), EssilorLuxottica (France), Seiko Epson Corporation (Japan), Amazon.com, Inc. (US), TCL Electronics Holdings Limited (China), Vuzix (US), Lenovo (China), LUCYD EYEWEAR (US), Xiaomi (China), and Huawei Investment & Holding Co., Ltd. (China).
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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 Web Site: https://www.marketsandmarkets.com/Research Insight: https://www.marketsandmarkets.com/ResearchInsight/smart-glasses-companies.aspContent Source: https://www.marketsandmarkets.com/PressReleases/smart-glasses.asp
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