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Global Smart Cities Market (2021 to 2026) – by Strategy, Technology, and Outlook for Solutions, Applications and Services

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Dublin, Aug. 13, 2021 (GLOBE NEWSWIRE) — The “Smart Cities Market by Strategy, Technology, and Outlook for Solutions, Applications and Services 2021 – 2026” report has been added to ResearchAndMarkets.com’s offering.

This report evaluates the smart cities market including leading vendors and strategies (such as a single vs. multi-vendor centric approach), infrastructure, solutions, applications, and services. The report analyzes market factors driving solution adoption, technology readiness and fitness for use, and other considerations.

The report assesses the aforementioned factors to derive penetration and revenue to forecast market value for the period of 2021 to 2026. The report also analyses the role of technology accelerating digital transformation including AI, edge processing, 5G deployment and usage, and advanced data analytics.

Select Report Findings:

  • Overall value of global smart cities market to exceed $2.5 trillion by 2026
  • The artificial intelligence market in smart cities to exceed $240 billion by 2026
  • North America is the largest region with a 31.9% of the total smart cities market
  • The infrastructure segment is the largest technology area with 65.6% of the total market
  • 5G narrow-band, mid-band and millimeter wave in smart cities to reach $104.8 billion by 2026

The majority of the world’s population lives in an urban area and this is projected to grow to 71% by 2050. Global metropolitan areas are facing unprecedented challenges as the pace of urbanization is increasing at a pace that is testing the ability of city planners to meet the current and anticipated needs of its citizens. In addition, the enhanced mobility of modern society has created extreme competition between cities to attract skilled residents, corporations, and related jobs.

Smart cities represent a combination of solutions deployed in an urban environment to transform the administration and support of living and working environments to meet these challenges. Accordingly, Information and Communications Technologies (ICT) are transforming at a rapid rate, driven by urbanization, the industrialization of emerging economies, and the specific needs of various smart city initiatives. Smart city development is emerging as a focal point for growth drivers in several key ICT areas including AI, IoT, connected devices, broadband wireless, edge computing, and big data analytics.

Technological innovation is one of the driving factors for the development of cities. These innovations are also an important support for those searching for new ways to manage resources and deliver services. A lot of smart city technologies are being developed to manage specific issues in energy distribution, energy management, transportation management, and public safety. New generations of sensor networks, big data analytics, and IoT applications are being deployed in public and privately managed physical spaces to meet these requirements, though many challenges remain.

An important focus area for smart cities is technology infrastructure to enable smart utilities (smart grids, sanitation, water, and gas), smarter buildings, and workplaces. Systems and resources are intertwined as mobility, communications, energy, water, platforms, monitoring/control, performance management, predictability and forecasting all merge together. We see great synergy coming in public and corporate collaboration, but it will take up to twenty years to fully develop.

Major initiatives are beginning to make a substantial positive impact as critical milestones are achieved. This includes network and system interoperability, security and privacy controls, and technology integration. For the latter, one of the key areas that we see is the combination of AI and IoT forming “thinking” cities that rely upon the Artificial Intelligence of Things (AIoT).

Industry verticals we see as early beneficiaries include utilities, public safety, and transportation. Specific AIoT-enhanced smart city solutions within these verticals are poised to improve the overall efficiency and operational effectiveness of delivery systems as well as human capital management.

Optimizing systems and services for the smart cities market will be an ongoing process. This is because developing a smart city represents an ongoing transformation process in which the correct environment for smart solutions to be efficiently accepted takes shape over a period of decades. Sustainable smart city technology deployments depend upon careful planning and execution as well as monitoring and adjustments as necessary.

For example, feature/functionality must be blended to work efficiently across many different industry verticals as smart city solutions address the needs of disparate market segments with multiple overlapping and sometimes mutually exclusive requirements. This will stimulate the need for both cross-industry coordination as well as orchestration of many different capabilities across several important technologies.

Key Topics Covered:

1.0 Executive Summary

2.0 Smart City Overview

3.0 Smart City Strategy and Planning

4.0 Smart City Market Analysis
4.1 Smart City Market Drivers
4.1.1 High Bandwidth, Low Latency, and Reliable Communications
4.1.2 Reduced Energy Consumption with Smart Energy Solutions
4.1.3 Active Citizen Engagement Leads to Greater Smart City Support
4.1.4 Improving Governance Services and National Security
4.1.5 Accelerating Digital Transformation
4.1.6 Fostering Urban Development
4.2 Smart City Solution Focus Areas
4.2.1 Smart Utilities
4.2.1.1 Smart Electricity Grids
4.2.1.2 Smart Sanitation and Recycling
4.2.1.3 Smart Water Management
4.2.2 Smart Transportation: Roadways, Vehicles, and Parking
4.2.3 Smart Residences, Commercial Buildings, and Workplaces
4.2.3.1 Smart Commercial Buildings
4.2.3.2 Smart Homes
4.2.3.3 Smart Workplaces
4.2.4 Smart Industries
4.2.4.1 Smart Product and Production Industries
4.2.4.1.1 Enterprise and Industrial Automation
4.2.4.1.2 Smart Manufacturing
4.2.4.1.3 Smart Retail
4.2.4.2 Smart Service Industries
4.2.4.2.1 Smart Education
4.2.4.2.2 Smart Food and Beverages
4.2.4.2.3 Smart Government
4.2.4.2.4 Smart Healthcare
4.2.4.2.5 Smart Public Safety
4.2.4.2.5.1 Smart Public Safety for Citizens
4.2.4.2.5.2 Smart Public Safety for Service Providers
4.3 Smart City Infrastructure
4.4 Specific Smart City Solution Areas
4.4.1 Asset Tracking and Control
4.4.2 Field and Home Area Network Solutions
4.4.3 AI and Big Data supported Smart City Hubs
4.4.4 Smart City Applications in Citizen Service
4.4.5 Mobility Solutions, Governance, and Security in Smart Cities

5.0 Smart City Technology Analysis
5.1 Machine to Machine and Internet of Things
5.1.1 Machine to Machine Technologies and Communications
5.1.2 Internet of Things in Smart Cities
5.2 Smart City Data Management Technologies and Solutions
5.3 Artificial Intelligence in Smart Cities
5.3.1 Artificial Intelligence of Things (AIoT) in Smart Cities
5.3.2 Combined AIoT and Data Analytics in Smart Cities
5.4 Metropolitan and Wide Area Communications
5.4.1 WiMAX
5.4.2 LTE
5.4.2.1 LTE Advanced
5.4.2.2 LTE Direct
5.4.2.3 LTE Advanced Pro
5.4.3 5G
5.5 Short Range Communication Technology
5.5.1 WiFi
5.5.2 RFID
5.5.3 Li-Fi
5.6 Next Generation Computing support of Smart Cities
5.6.1 Edge Based Computing: Localized Processing
5.6.2 High Performance and Quantum Computing

6.0 Smart City Development by Region and Country

7.0 Smart City Value Chain and Application Analysis
7.1 Smart City Ecosystem Analysis
7.2 Smart City Product and Service Provider Opportunity Analysis
7.2.1 Smart City Network Service Providers
7.2.2 Smart City Integrators
7.2.3 Smart City Product Vendors
7.2.3.1 Smart City Platform Providers
7.2.3.2 Smart City Embedded Device and Component Manufacturers
7.2.3.3 Smart City Application Developers
7.2.4 Smart City Managed Service Providers
7.2.4.1 Managed Smart City Infrastructure Services
7.2.4.2 Managed Smart City Data Services
7.2.4.3 Industry Specific Smart City Managed Services Solutions
7.3 Equipment vs. Software and Service based Approach

8.0 Smart City Vendor and Service Provider Analysis
8.1 Major Strategic Initiatives by Several Companies
8.2 2020 Imaging
8.3 ABB
8.4 Accela
8.5 Accenture
8.6 Aclara
8.7 Aclima
8.8 Advantech
8.9 Aeris Communications
8.10 AGT International
8.11 Airspan
8.12 Airtel
8.13 Alibaba
8.14 Allegro
8.15 Ally
8.16 Alstom SA
8.17 Altair Semiconductor
8.18 Alvarion
8.19 Amazon
8.20 Ambience Data
8.21 AMCS
8.22 AMD
8.23 America Movil
8.24 Amplia Soluciones SL
8.25 Analog Devices Inc.
8.26 Apple
8.27 Appyparking
8.28 Altran
8.29 Arista Networks Inc.
8.30 ARM Holdings
8.31 Ascom
8.32 Asus
8.33 AT&T
8.34 Atos
8.35 Autogrid
8.36 Ayyeka
8.37 Azavea
8.38 Baidu Inc.
8.39 Banyanwater
8.40 Barbara IoT
8.41 Bentley Systems
8.42 Blackberry Ltd
8.43 Bosch Software Innovations GmbH
8.44 Breezometer
8.45 Bridj
8.46 Broadcom Corporation
8.47 BT Group
8.48 Blyncsy
8.49 Calthorpe Analytics
8.50 Capgemini
8.51 Cavium Inc.
8.52 China Mobile
8.53 China Unicom
8.54 Ciena Corporation
8.55 CIMCON Lighting
8.56 Cisco
8.57 Citrix Systems
8.58 Cityflo
8.59 Citymapper
8.60 Civicsmart
8.61 Clarity Movement Co.
8.62 Cobham Wireless
8.63 Colt
8.64 Compology
8.65 Contus
8.66 Cradlepoint
8.67 Cubic Corporation
8.68 CyanConnode
8.69 Dassault Systems
8.70 Delta Controls
8.71 Dispatchr
8.72 Double Map
8.73 DOVU
8.74 Elichens
8.75 Emagin
8.76 Emerson Electric Co
8.77 Enel
8.78 Energyworx
8.79 Enevo
8.80 ENGIE
8.81 Ericsson
8.82 Evopark
8.83 EZparking
8.84 Fathom
8.85 Filament
8.86 Flamencotech
8.87 Flowlabs
8.88 Fluentgrid
8.89 GE
8.90 Get My Parking
8.91 Google
8.92 Gridcure
8.93 HCL Technologies Ltd
8.94 HFCL
8.95 Hitachi
8.96 Honeywell
8.97 HPE
8.98 Huawei
8.99 IBM
8.100 Infarm
8.101 Inrix
8.102 Inspira
8.103 Intel
8.104 Intelizon Energy
8.105 Inventum Technologies
8.106 Itron
8.107 Johnson Controls
8.108 Kapsch Group
8.109 Koninklijke Philips NV
8.110 KORE Wireless
8.111 LG CNS
8.112 Libelium
8.113 Logic Ladder
8.114 Mapillary
8.115 Maven Systems
8.116 Meter Feeder
8.117 Metrotech
8.118 Microsoft
8.119 Mindteck
8.120 Miovision
8.121 Mobike
8.122 Moovel
8.123 Moovit
8.124 NEC
8.125 Neighborland
8.126 Nokia
8.127 Nordsense
8.128 NTT DATA
8.129 One Concern
8.130 Oorja On Move
8.131 Opendatasoft
8.132 Opusone
8.133 Oracle Corporation
8.134 Panasonic
8.135 Parkwhiz
8.136 Passport
8.137 Phoenix Robotix
8.138 Plume Labs
8.139 Proclivis Technology Solutions
8.140 Purple
8.141 QInfra Solutions
8.142 Qualcomm Incorporated
8.143 Quality Theorem
8.144 Rachio
8.145 Remix
8.146 Ridlr
8.147 Rubicon
8.148 SAP
8.149 Schneider Electric SA
8.150 Sentiance
8.151 Siemens AG
8.152 Sierra Wireless
8.153 Sigfox
8.154 Signify
8.155 Soofa
8.156 Spacetime Insight
8.157 Spatial Labs, Inc.
8.158 Spice Digital
8.159 Spot Hero
8.160 Stae
8.161 Streetlight Data
8.162 Swiftly
8.163 Takadu
8.164 Tantalum
8.165 Telefonica
8.166 Telensa
8.167 Toshiba
8.168 Tractebel
8.169 Trafi
8.170 Transit Labs
8.171 Transit Screen
8.172 Transloc
8.173 Trilliant
8.174 Understory
8.175 UrbanFootprint
8.176 Urbee
8.177 Urbiotica
8.178 Utilidata
8.179 Valor Water Analytics
8.180 Varentec
8.181 Veniam
8.182 Veolia
8.183 Verizon
8.184 Videonetics Technologies
8.185 Vodafone
8.186 Volocopter
8.187 Watersmart
8.188 Where Is My Transport
8.189 Wipro
8.190 Worldsensing SL
8.191 Zagster
8.192 Zenysis
8.193 Zerocycle
8.194 ZiFF Technologies

9.0 Smart Cities Projects
9.1 Smart Traffic Management of Miami-Dade
9.2 Waste Management in Sweden
9.3 Creating a Health Hub
9.4 Smart London Plan
9.5 Recycling Project in Finland
9.6 Danish City Gains Efficiency with Cloud-based Productivity Tools
9.7 City of Seoul Case Study
9.8 Bauru scores big with GE LED signals
9.9 Integrated Smart City Transportation System
9.10 Smart Meter Solutions for Water Utilities

10.0 Smart Cities Market Forecast 2021 – 2026

11.0 Conclusions, and Recommendations

12.0 Appendix: Select Smart City Ecosystem Analysis

For more information about this report visit https://www.researchandmarkets.com/r/34tgk2


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Free Your Hands, QIDI Vida Smart AR Glasses Lead the Way in New Sports Experience.

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NEW YORK, April 19, 2024 /PRNewswire/ — Outdoor smart AR glasses, QIDI Vida, will officially launch on 23rd April on the Kickstarter platform.  QIDI Vida integrates the many functions of smart watches, sports headphones, cycling computers, heart rate monitors, and walkie-talkies using AR+AI technology, allowing users to bid farewell to cumbersome device management and enjoy outdoor sports anytime, anywhere with just one pair of glasses.

 
Function:
QIDI Vida uses high-tech HUD (Head-Up Display) which is similar to the technology used for aircrafts and premium cars and introduces it to the sports industry. Users can activate the HUD function at any time using voice control, enabling them to focus on the route ahead whilst simultaneously having access to information such as navigation, speed, heart rate, power and cadence, among other metrics. Another great function of the QIDI Vida is that users can also enjoy audiovisual entertainment through the optically perceived 100-inch AR  HUD screen, when having some down time. 
As cyclists and hikers often travel in groups, QIDI Vida supports eSIM and team functionality, allowing real-time voice communication without releasing handlebars, and users can monitor their groups’ real-time locations. The glasses also have comprehensive sensing and monitoring capabilities including temperature, humidity, UV, air pressure, geomagnetism and acceleration. In addition to obtaining environmental and health information, it also features health warnings such as altitude sickness symptoms and high heart rate, as well as fall and collision detection functions. And, in the event of danger, it can send distress signals to teammates.
Perks:
QIDI Vida has a global voice recognition and interaction feature that allows you to control all functions within the device by voice. To better provide users with an immersive sports experience, QIDI Vida’s intelligent system will have the capability to instantly gather personalised sports data, enabling it to deliver timely voice alerts and broadcasts, including the duration of exercise, distance, the environment and the weather – all tailored to the user’s preferences.
QIDI Vida enables voice-controlled photos and video recordings, allowing users to capture moments whilst cycling or hiking without the need to stop. QIDI Vida supports connections with common cycling smart hardware such as Garmin, Wahoo, Apple, and Samsung, supports GPX route files, and is compatible with professional sports apps such as Strava, Keep, Zwift, Apple Health, and All Trails.
QIDI Vida stands out for its lightweight and comfortable design with a dual lens for a full-colour data display, unlike competing AR glasses that typically have a single lens and limited colour. This innovation significantly enhances and augments the user’s sports and reality experience.
QIDI Vida will launch on the Kickstarter platform: https://www.kickstarter.com/projects/109560964/qidi-vida-smart-ar-glasses-for-sports
HIGH RES IMAGE: https://we.tl/t-epx2syiuaRWATCH VIDEO: https://www.youtube.com/watch?v=2v_Pli2pAM8&t=164s
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Risk Analytics Market worth $180.9 billion by 2029 – Exclusive Report by MarketsandMarkets™

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CHICAGO, April 19, 2024 /PRNewswire/ — The growing use of real-time monitoring and advanced analytics, integration with cutting-edge technologies like blockchain and IoT, and an emphasis on cybersecurity, cross-industry applications, and regulatory compliance are the key factors that will shape the risk analytics market in the future. The market’s development will also be influenced by collaborative risk management, improved user experience, and an increasing focus on ESG factors and risk culture.

The Risk Analytics Market is estimated to grow from USD 59.7 billion in 2024 to USD 180.9 billion in 2029, at a CAGR of 24.8% during the forecast period, according to a new report by MarketsandMarkets™.  Several trends fuel the global spread of Risk Analytics. Increasingly Increasing Data Complexity, Rising Cybersecurity Threats and Rising Adoption of Cloud-Based Solutions A growing talent pool of data scientists and engineers is building the necessary tools and infrastructure. Governments are recognizing the potential of risk analytics for economic growth and are investing in research and development. These trends make DI more accessible and valuable, leading to its global adoption.
Browse in-depth TOC on “Risk Analytics Market”260 – Tables 60 – Figures350 – Pages
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=210662258
Scope of the Report
Report Metrics
Details
Market size available for years
2019–2023
Base year considered
2023
Forecast period
2024–2029
Forecast units
USD Billion
Segments Covered
Offering,Risk Type, Risk stages, Vertical, and Region.
Geographies covered
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America
Companies covered
IBM (US), SAS Institute (US), Oracle (US), FIS(US), Moody’s Analytics (US), ProcessUnity(US), ServiceNow (US), Marsh (US), Aon (UK), MetricStream (US), Resolver (Canada), SAP (Germany), Milliman(US), LogicManager(US), Provenir(US), SAI360(US), Deloitte(UK), OneTrust(US), Diligent(US), Alteryx(US), CRISIL(India), Archer(US), ZestyAI(US), Fusion Risk Management(US), RiskVille(Ireland), SPIN Analytics(UK), Kyvos Insights(US), Imperva(US), Cirium(UK), Quantexa(UK), ClickUp(US), Sprinto(US), Ventiv(US), Adenza(US), Centrl.AI(Canada), SafetyCulture(Australia), Quantifi(US), CubeLogic(UK), Onspring(US), Riskoptics(US)
 
By offering the services segment to account for higher CAGR during the forecast period
In the Risk Analytics Market, the highest CAGR of services is fueled by Increasing Complexity of Risks, AI and machine learning advancements, big data analytics integration, business process optimization, cloud-based solutions adoption, data-driven culture, and diverse industry adoption. These trends reflect a global shift towards leveraging data for competitive advantage, driving a continuous need for sophisticated risk analytics services across sectors. As businesses prioritize agility, the growth of services in the Risk Analytics Market is driven by the need for effective risk management strategies in an increasingly complex and uncertain business environment.
Request Sample Pages@ https://www.marketsandmarkets.com/requestsampleNew.asp?id=210662258
By Type, GRC software is expected to hold the largest market size for the year 2024
GRC software typically offers comprehensive solutions that cover a wide range of risk management needs, including compliance management, policy management, audit management, and risk assessment. They also provide organizations with enhanced visibility into their risk landscape. Through features such as risk assessment, risk monitoring, and reporting, organizations can identify and prioritize risks more effectively, enabling proactive risk management strategies.  GRC software streamlines risk management processes through automation, reducing manual effort and increasing efficiency. Tasks such as risk assessments, control testing, and incident management can be automated, freeing up resources to focus on strategic risk mitigation efforts. the combination of comprehensive functionality, regulatory compliance support, efficiency gains, scalability, integration capabilities, and culture enhancement makes GRC software a preferred choice for many organizations seeking to manage risk effectively.
By Vertical, Healthcare & Life Sciences is projected to grow at the highest CAGR during the forecast period
The Healthcare and Lifesciences is experiencing a surge in the adoption of risk analytics due to a confluence of factors. Healthcare providers and life sciences companies wants to ensure the safety and well-being of patients. Risk analytics helps in identifying potential risks to patient safety, such as medication errors, adverse events, and medical device failures. The healthcare and life sciences industries are heavily regulated, with strict guidelines for patient care, data privacy, drug development, and clinical trials. Risk analytics helps organizations ensure compliance with these regulations by identifying and mitigating risks of non-compliance.  Healthcare organizations and life sciences companies also face financial risks associated with fraud, billing errors, revenue cycle management, and reimbursement challenges. Risk analytics helps in detecting anomalies and optimizing financial processes to mitigate these risks.
Asia Pacific is expected to grow at the highest CAGR during the forecast period
The Asia-Pacific (APAC) region is experiencing rapid growth in the Risk Analytics Market, boasting the highest Compound Annual Growth Rate (CAGR). This surge is primarily attributed to rising demand for data-driven decision-making solutions, expanding digital transformation initiatives across industries.. Moreover, the region’s favorable regulatory environment, growing investments in big data analytics, and the integration of advanced technologies like the Internet of Things (IoT) further propel APAC’s dominance in Risk Analytics Market growth.
Top Key Companies in Risk Analytics Market:
The major risk analytics software and service providers include IBM (US), SAS Institute (US), Oracle (US), FIS(US), Moody’s Analytics (US), ProcessUnity(US), ServiceNow (US), Marsh (US), Aon (UK), MetricStream (US), Resolver (Canada), SAP (Germany), Milliman(US), LogicManager(US), Provenir(US), SAI360(US), Deloitte(UK), OneTrust(US), Diligent(US), Alteryx(US), CRISIL(India), Archer(US), ZestyAI(US), Fusion Risk Management(US), RiskVille(Ireland), SPIN Analytics(UK), Kyvos Insights(US), Imperva(US), Cirium(UK), Quantexa(UK), ClickUp(US), Sprinto(US), Ventiv(US), Adenza(US), Centrl.AI(Canada), SafetyCulture(Australia), Quantifi(US), CubeLogic(UK), Onspring(US), Riskoptics(US). These companies have used both organic and inorganic growth strategies such as product launches, acquisitions, and partnerships to strengthen their position in the Risk Analytics Market.
Recent Developments:
In March 2024, Orcale announced Oracle Risk Management Cloud in Release 24B. It offers comprehensive solution designed to help organizations identify, assess, and mitigate risks across their business operations. It offers advanced analytics, automation, and collaboration tools to streamline risk management.In March 2024, FIS Global announces card fraud detection capabilities leveraging artificial intelligence (AI) with aim to bolster FIS’s ability to identify and prevent fraudulent transactions, providing greater security for cardholders and financial institutions alike.In March 2024, Aon acquired an AI-powered platform to assist fleet and mobility clients in making data-driven decisions, enhancing operational efficiency and risk management. The platform utilizes artificial intelligence to analyze data and provide insights, enabling clients to optimize their fleet operations and improve decision-making processes.In March 2024, Crisp joined Resolver, with the aim to enhance Resolver’s risk intelligence capabilities by integrating Crisp’s expertise and technology into its platform, offering clients improved risk assessment and mitigation tools.In February 2024, SAS partnered with Carahsoft to bring analytics, AI, and data management solutions to the public sector. The aim is to leverage SAS’s expertise in advanced analytics and Carahsoft’s extensive government market reach to offer tailored solutions that enable public sector organizations to harness the power of data for informed decision-making and improved outcomes.Inquire Before Buying@ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=210662258
Risk Analytics Market Advantages:
By offering insights into potential risks, opportunities, and trends, risk analytics helps organisations make data-driven decisions that improve strategic planning and resource allocation.In order to improve risk management procedures and lessen exposure to possible threats, risk analytics solutions assist businesses in identifying, evaluating, and mitigating risks across a range of business activities, including finance, operations, and compliance.Through real-time monitoring and anomaly detection made possible by risk analytics, organisations may proactively address shifting market situations, legal requirements, and cybersecurity threats.Risk analytics solutions assist organisations lower operating costs, increase productivity, and streamline compliance activities, which results in cost savings and resource optimisation. They do this by streamlining risk management procedures and automating routine work.Accurate risk assessments, audit trails, and reporting capabilities are just a few of the ways that risk analytics solutions help organisations comply with regulations and stay out of trouble.Organisations can enhance their resilience and competitiveness by anticipating and mitigating potential hazards before they materialise through the use of predictive modelling and advanced analytics approaches in risk analytics.Report Objectives
To define, describe, and predict the Risk Analytics Market by offering, risk type, risk stages, vertical, and regionTo provide detailed information about the major factors (drivers, restraints, opportunities, and challenges) influencing the market growthTo analyze the opportunities in the market and provide details of the competitive landscape for stakeholders and market leadersTo forecast the market size of segments with respect to five main regions: North America, Europe, Asia Pacific, Middle East & Africa, and Latin AmericaTo profile the key players and comprehensively analyze their market rankings and core competenciesTo analyze the competitive developments, such as partnerships, product launches, and mergers & acquisitions, in the Risk Analytics MarketBrowse Adjacent Markets: Analytics Market Research Reports & Consulting
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Procurement Analytics Market- Global Forecast to 2026
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. Aashish MehraMarketsandMarkets™ INC.630 Dundee RoadSuite 430Northbrook, IL 60062USA: +1-888-600-6441Email: [email protected] Insight: https://www.marketsandmarkets.com/ResearchInsight/risk-analytics-market.aspVisit Our Website: https://www.marketsandmarkets.com/Content Source: https://www.marketsandmarkets.com/PressReleases/risk-analytics.asp
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Robotic Palletizer Market worth $1.9 billion by 2029 – Exclusive Report by MarketsandMarkets™

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CHICAGO, April 19, 2024 /PRNewswire/ — The robotic palletizer market is projected to grow from USD 1.4 billion in 2024 and is expected to reach USD 1.9 billion by 2029, growing at a CAGR of 5.9% from 2024 to 2029 according to a new report by MarketsandMarkets™. Rising awareness towards workplace safety and reducing the risk of work-related injuries to drive the market. Robotic palletizers significantly enhance workplace safety and reduce the risk of work-related injuries and associated costs. By automating repetitive tasks like palletizing, businesses can redeploy their human workforce to higher-value activities that require human skills like problem-solving, critical thinking, and customer interaction. This allows them to optimize their workforce and leverage human capabilities more effectively.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=251064253
Browse in-depth TOC on “Robotic Palletizer Market” 100 – Tables60 – Figures200 – Pages
Robotic Palletizer Market Report Scope:
Report Coverage
Details
Market Revenue in 2024
$ 1.4 billion
Estimated Value by 2029
$ 1.9 billion
Growth Rate
Poised to grow at a CAGR of 5.9%
Market Size Available for
2020–2029
Forecast Period
2024–2029
Forecast Units
Value (USD Million/Billion)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
By Component, Robot Type, Application, End-use Industry and Region
Geographies Covered
North America, Europe, Asia Pacific, and Rest of World
Key Market Challenge
High initial investment cost
Key Market Opportunities
Increasing application in small and medium-sized enterprises
Key Market Drivers
Growing labor shortage and need for workforce optimization
 
Collaborative robots in the robot type segment are expected to witness higher growth rate during the forecast period.
Collaborative robots are expected to witness a higher CAGR during the forecast period. Unlike traditional industrial robots that often require physical barriers or cages to protect human workers, cobots are equipped with advanced safety features, such as force and torque sensors, collision detection, and speed monitoring. These features enable cobots to operate safely in proximity to humans without posing significant risks of injury.
The Pharmaceutical segment in the robotic palletizer market is expected to witness highest growth rate during the forecast period.
Pharmaceutical products are subject to strict regulations regarding storage, handling, and quality control. Robotic palletizers play a crucial role in providing greater precision and consistency in palletizing tasks and minimizing the risk of contamination within pharmaceutical manufacturing facilities. It also reduces human intervention in the handling and stacking of products and helps mitigate the potential for cross-contamination and ensures adherence to strict hygiene standards.
End-of-Arm- Tooling (EOAT) component is expected to witness the highest CAGR in the robotic palletizer market during the forecast period.
End-of-arm tooling (EOAT) is a crucial element of a robotic arm system, especially in applications like robotic palletizing, where the robot needs to interact with various objects or products. EOAT essentially acts as the hand of the robotic arm, designed to securely grasp, lift, and place boxes or cases onto pallets. Overall, EOAT plays a vital role in the effectiveness of robotic palletizers as it ensures secure handling of products, efficient palletizing patterns, and smooth operation of the entire system.
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North America is expected to hold the largest share of the robotic palletizer industry during the forecast period.
North America is home to major automobile and retail companies, which has accelerated the demand for robotic palletizers in this region. Additionally, the rise in manufacturing activity, fueled by plans for reshoring and technological improvements, has further driven the need for robotic palletizers. In North America, certain government funds are available to increase workplace safety. In 2023, the Occupational Safety and Health Administration announced a grant of approximately USD 12.7 million to 100 non-profit organizations across the nation to provide education and training for workers and employers about recognizing workplace hazards, injury prevention, and understanding workers’ rights and employers’ responsibilities under federal law. Businesses that use robotic palletizers may be eligible for funding as they lower the risk of worker injuries from manual lifting.
Key Players
Leading players in the robotic palletizer companies include FANUC CORPORATION (Japan), KION GROUP AG (Germany), KUKA AG (Germany), ABB (Switzerland), and Krones AG (Germany). Schneider Packaging Equipment Company, Inc. (US), Honeywell International Inc. (US), Kaufman Engineered Systems (US), Concetti S.p.A. (Italy), Sidel (France), Brenton, LLC. (US), A-B-C Packaging Machine Corporation (US), Antenna Group (Italy), BEUMER GROUP (Germany), Brillopak (UK), BW Integrated Systems (US), Columbia Machine, Inc. (US), Euroimpianti S.p.A. (Italy),  Fuji Yusoki Kogyo Co., Ltd. (Japan), HAVER & BOECKER OHG (Germany), KHS Group (Germany), MMCI  (US), Okura Yusoki Co., Ltd. (Japan), Rothe Packtech Pvt. Ltd. (India),  and S&R Robot Systems, LLC. (US) are few other key companies operating in the robotic palletizer market.
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