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Global Magneto Resistive RAM (MRAM) Market to Reach US$5.4 Billion by the Year 2026

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New York, Oct. 22, 2021 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Magneto Resistive RAM (MRAM) Industry” – https://www.reportlinker.com/p05820699/?utm_source=GNW
MRAM involves storage of data bits that are stored using magnetic states instead of electrical charges, which are used in dynamic random access memory (DRAM). MRAM is anticipated to witness increased growth over the coming years driven by a variety of factors. Industries are becoming more and more digital owing to technological advancements of computing technologies. Rapid penetration of IoT, smart robots and smart drones and increasing number of electronic devices like smartphones, smart televisions, smart wearables etc. are creating a strong demand growth scenario for MRAM. MRAM is able to resist high levels of radiation efficiently and also operate in very high and low temperature conditions. The technology is also tamper resistant, which makes it suitable for rugged applications in the military and industrial sectors. Significant growth in penetration of smart consumer electronics, increased IoT penetration and 4G & 5G emergence would drive the need for increased power efficiency and memory capacity, which would in turn result in high demand for MRAM. While the MRAM market is at the development stage, the industry is witnessing increasing focus on research and development initiatives, innovations, and strategic partnerships.

Amid the COVID-19 crisis, the global market for Magneto Resistive RAM (MRAM) estimated at US$989.1 Million in the year 2020, is projected to reach a revised size of US$5.4 Billion by 2026, growing at a CAGR of 32.7% over the analysis period. Enterprise Storage, one of the segments analyzed in the report, is projected to grow at a 36.8% CAGR to reach US$2.5 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 Consumer Electronics segment is readjusted to a revised 32.9% CAGR for the next 7-year period. This segment currently accounts for a 23.7% share of the global Magneto Resistive RAM (MRAM) market. A key driver behind the steady growth in use of MRAM for enterprise storage applications is the increasing number of data centers, where enterprise storage functions as mass storage. Enterprise storage application is also poised to benefit from the use of less power by MRAM compared to flash, resulting in improved operational efficiency, which is critical in enterprise storage applications.

The U.S. Market is Estimated at $451.2 Million in 2021, While China is Forecast to Reach $1.6 Billion by 2026

The Magneto Resistive RAM (MRAM) market in the U.S. is estimated at US$451.2 Million in the year 2021. The country currently accounts for a 36.2% share in the global market. China, the world`s second largest economy, is forecast to reach an estimated market size of US$1.6 Billion in the year 2026 trailing a CAGR of 42.4% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 25.3% and 28% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 32.1% CAGR while Rest of European market (as defined in the study) will reach US$2.2 Billion by the end of the analysis period. North America is expected to continue leading the global market led by increased focus on research and development activities, rising demand from several end-user industries for memory solutions with advanced technologies, and the presence of major players in the region. The segment of medical devices is also witnessing rapid IoT adoption. Strong automotive sales are anticipated in the US over the coming years, providing major growth opportunity for MRAMs which are used in engine control units, in-car data log, multimedia systems and advanced transmission control among others. RFID devices are being integrated with MRAM for withstanding gamma radiation. Asia-Pacific and China are poised to make strong gains in the coming years, driven by the increasing adoption of cloud computing applications, extended Internet penetration, expanding data center infrastructure, and rapid developments in the semiconductor industry, which is resulting in higher demand for advanced memory technology for the semiconductor industry.

Robotics Segment to Reach $625 Million by 2026

In the global Robotics segment, USA, Canada, Japan, China and Europe will drive the 24.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$151.2 Million in the year 2020 will reach a projected size of US$702.6 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$47.2 Million by the year 2026.
Select Competitors (Total 42 Featured)

  • Avalanche Technology, Inc.
  • Crocus Nano Electronics, LLC
  • Everspin Technologies, Inc.
  • Honeywell International, Inc.
  • NVE Corporation
  • Samsung Electronics Co., Ltd.
  • Spin Memory, Inc.
  • Toshiba Corporation

Read the full report: https://www.reportlinker.com/p05820699/?utm_source=GNW

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
Impact of COVID-19 Pandemic and a Looming Global Recession
2020 Marked as a Year of Disruption & Transformation
EXHIBIT 1: World Economic Growth Projections (Real GDP, Annual
% Change) for 2020 through 2022
How the IT Industry Has Been Impacted by the Pandemic & What?s
the New Normal?
EXHIBIT 2: Global Information Technology Market Growth Outlook
(In %) For Years 2019 Through 2025
Semiconductor Industry Experiences Disruptions
An Introduction to Magneto Resistive RAM (MRAM)
Operation of MRAM
Structure and Fabrication of MRAM
Critical Characteristics of MRAM
Types of MRAM
Evolving Capabilities Present MRAM as a Promising Memory
Technology of the Future
Enterprise Storage: The Leading Application Market
Developed Economies Lead, Developing Economies Poised for High
Growth
Competition
Recent Market Activity

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS
Emergence of Next Generation Memory Technologies to Support
Growth of MRAM Market
EXHIBIT 3: Global Non-Volatile Memory Market Size (in US$
Billion) for the Years 2020, 2022, 2024 and 2026
MRAM Set to Emerge as Persistent Memory for Numerous Applications
Low-power Consumption Benefit of MRAM
MRAM Moves into Embedded Space
EXHIBIT 4: Increasing Competitiveness of Embedded MRAM (eMRAM)
with Other Memory Technologies: Price in $/Gb by Memory Type
for the Years 2018, 2022, and 2026
EXHIBIT 5: eMRAM Holds an Edge Over Other Memory Technologies:
Comparing Power, Performance, Area, and Availability of SRAM,
eMRAM, eFLASH, PCM, RRAM, and FeFET
Second Generation STT-MRAM to Grab Growing Share of MRAM Market
STT-MRAM Finally Comes to Market Replacing Embedded NOR Flash
STT-RAM to Emerge as a Potential Leading Memory Type in the
Embedded Emerging NVM Market
EXHIBIT 6: Emerging Non-Volatile Memory (NVM) Market:
Percentage Breakdown of Revenues in Standalone and Embedded
Memory Segments by RRAM, STT-MRAM and PCM
Challenges Confronting Fabrication and Testing of STT-RAM
Potential for MRAM to Replace SRAM and DRAM
Growing Memory Requirements of Data Centers to Propel MRAM Market
Data Centers Continue to Gain Importance: Presenting
Opportunities for MRAM Market
EXHIBIT 7: Global Data centers Market Growth Outlook (In %) For
Years 2019 Through 2025
EXHIBIT 8: Data Center IP Traffic Growth Worldwide: Global Data
Center IP Traffic in Zettabytes for the Years 2016, 2018, 2020
& 2022
EXHIBIT 9: Global Data Center IP Traffic Breakdown (in %) by
Cloud and Traditional Data Centers for the Years 2017, 2019
and 2021
Power, Cost, and Time Saving Advantages of STT-MRAM to Drive
Adoption in Hyperscale Data Centers
EXHIBIT 10: Number of Hyperscale Data Centers Worldwide
(in Units) for the Period 2015-2021
Rising Computing Needs of Consumer Electronic Devices:
Opportunity for MRAM Market
EXHIBIT 11: Global Electrical & Electronics Equipment Market
Growth Outlook (In %) For Years 2019 Through 2025
Embedded MRAM Emerges as a Promising Technology for IoT
Devices, Artificial Intelligence and Machine Learning
EXHIBIT 12: MRAM Opportunity in IoT Space: Global M2M/IoT
Connections (In Billion) for Years 2019, 2021 and 2023
EXHIBIT 13: Rapidly Growing AI/ML Market Presents Growth
Opportunities for MRAM Adoption: Global Deep Learning Chipset
Market Revenues in US$ Billion for the Years 2019, 2022, and
2025
Growing Need for Energy-Efficient Storage Solutions Gives
Impetus to MRAM Market
EXHIBIT 14: Installed Base of Data Storage Capacity
(in Zettabytes) for 2019, 2020, and 2024
MRAM Emerges as a Possible Option for Post-Flash Solid-State
Storage
MRAM Emerges as the Next Stage for Solid State Storage
MRAM Emerges as a Memory Solution for Intelligent and Connected
Automobiles
Toggle MRAM Preps for 5G Revolution
Edge Computing to Drive Demand for MRAM
Quad MTJ with STT-MRAM Technology to Enable Advanced Edge
Devices for Emerging Applications
Rising Use of MRAM in Automotive Industry
Need for Radiation-Hardened ICs Hold Potential for MRAM in
Satellites and Spacecrafts
High Resistance to Radiation Makes STT-MRAM Perfect for Space
Applications
Advancements in MRAM Augurs Well for the Market
Energy Efficient MRAM Developed by a South Korean Research Team
Tohoku University Research Team Develops High Speed SOT Magneto
Resistive RAM
Researchers at NTHU Manipulates MRAM by Working with the
Electron Spin
IBM Developing STT-MRAM Technology
Research Focus on Using Antiferromagnets for MRAM Catches Pace
Select Startups Set to Scale up Computer Memory with Promising
MRAM Solutions
Testing Becomes Important for a Good MRAM Memory
Challenges Confronting Making and Testing of STT-MRAM

4. GLOBAL MARKET PERSPECTIVE
Table 1: World Current & Future Analysis for Magneto Resistive
RAM (MRAM) 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 Magneto Resistive RAM
(MRAM) by Geographic Region – Percentage Breakdown of Value
Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific
and Rest of World Markets for Years 2021 & 2027

Table 3: World Current & Future Analysis for Enterprise Storage
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 Enterprise Storage by
Geographic Region – Percentage Breakdown of Value Revenues for
USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World for Years 2021 & 2027

Table 5: World Current & Future Analysis for Consumer
Electronics 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 Consumer Electronics by
Geographic Region – Percentage Breakdown of Value Revenues for
USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World for Years 2021 & 2027

Table 7: World Current & Future Analysis for Robotics 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 Robotics by Geographic
Region – Percentage Breakdown of Value Revenues for USA,
Canada, Japan, China, Europe, Asia-Pacific and Rest of World
for Years 2021 & 2027

Table 9: World Current & Future Analysis for Automotive 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 10: World 7-Year Perspective for Automotive by Geographic
Region – Percentage Breakdown of Value Revenues for USA,
Canada, Japan, China, Europe, Asia-Pacific and Rest of World
for Years 2021 & 2027

Table 11: World Current & Future Analysis for Aerospace &
Defense 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 12: World 7-Year Perspective for Aerospace & Defense by
Geographic Region – Percentage Breakdown of Value Revenues for
USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World for Years 2021 & 2027

Table 13: World Current & Future Analysis for Other
Applications 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 14: World 7-Year Perspective for Other Applications by
Geographic Region – Percentage Breakdown of Value Revenues for
USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World for Years 2021 & 2027

III. MARKET ANALYSIS

UNITED STATES
Table 15: USA Current & Future Analysis for Magneto Resistive
RAM (MRAM) by Application – Enterprise Storage, Consumer
Electronics, Robotics, Automotive, Aerospace & Defense and
Other Applications – Independent Analysis of Annual Revenues in
US$ Thousand for the Years 2020 through 2027 and % CAGR

Table 16: USA 7-Year Perspective for Magneto Resistive RAM
(MRAM) by Application – Percentage Breakdown of Value Revenues
for Enterprise Storage, Consumer Electronics, Robotics,
Automotive, Aerospace & Defense and Other Applications for the
Years 2021 & 2027

CANADA
Table 17: Canada Current & Future Analysis for Magneto
Resistive RAM (MRAM) by Application – Enterprise Storage,
Consumer Electronics, Robotics, Automotive, Aerospace & Defense
and Other Applications – Independent Analysis of Annual
Revenues in US$ Thousand for the Years 2020 through 2027 and %
CAGR

Table 18: Canada 7-Year Perspective for Magneto Resistive RAM
(MRAM) by Application – Percentage Breakdown of Value Revenues
for Enterprise Storage, Consumer Electronics, Robotics,
Automotive, Aerospace & Defense and Other Applications for the
Years 2021 & 2027

JAPAN
Table 19: Japan Current & Future Analysis for Magneto Resistive
RAM (MRAM) by Application – Enterprise Storage, Consumer
Electronics, Robotics, Automotive, Aerospace & Defense and
Other Applications – Independent Analysis of Annual Revenues in
US$ Thousand for the Years 2020 through 2027 and % CAGR

Table 20: Japan 7-Year Perspective for Magneto Resistive RAM
(MRAM) by Application – Percentage Breakdown of Value Revenues
for Enterprise Storage, Consumer Electronics, Robotics,
Automotive, Aerospace & Defense and Other Applications for the
Years 2021 & 2027

CHINA
Table 21: China Current & Future Analysis for Magneto Resistive
RAM (MRAM) by Application – Enterprise Storage, Consumer
Electronics, Robotics, Automotive, Aerospace & Defense and
Other Applications – Independent Analysis of Annual Revenues in
US$ Thousand for the Years 2020 through 2027 and % CAGR

Table 22: China 7-Year Perspective for Magneto Resistive RAM
(MRAM) by Application – Percentage Breakdown of Value Revenues
for Enterprise Storage, Consumer Electronics, Robotics,
Automotive, Aerospace & Defense and Other Applications for the
Years 2021 & 2027

EUROPE
Table 23: Europe Current & Future Analysis for Magneto
Resistive RAM (MRAM) 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 24: Europe 7-Year Perspective for Magneto Resistive RAM
(MRAM) by Geographic Region – Percentage Breakdown of Value
Revenues for France, Germany, Italy, UK and Rest of Europe
Markets for Years 2021 & 2027

Table 25: Europe Current & Future Analysis for Magneto
Resistive RAM (MRAM) by Application – Enterprise Storage,
Consumer Electronics, Robotics, Automotive, Aerospace & Defense
and Other Applications – Independent Analysis of Annual
Revenues in US$ Thousand for the Years 2020 through 2027 and %
CAGR

Table 26: Europe 7-Year Perspective for Magneto Resistive RAM
(MRAM) by Application – Percentage Breakdown of Value Revenues
for Enterprise Storage, Consumer Electronics, Robotics,
Automotive, Aerospace & Defense and Other Applications for the
Years 2021 & 2027

FRANCE
Table 27: France Current & Future Analysis for Magneto
Resistive RAM (MRAM) by Application – Enterprise Storage,
Consumer Electronics, Robotics, Automotive, Aerospace & Defense
and Other Applications – Independent Analysis of Annual
Revenues in US$ Thousand for the Years 2020 through 2027 and %
CAGR

Table 28: France 7-Year Perspective for Magneto Resistive RAM
(MRAM) by Application – Percentage Breakdown of Value Revenues
for Enterprise Storage, Consumer Electronics, Robotics,
Automotive, Aerospace & Defense and Other Applications for the
Years 2021 & 2027

GERMANY
Table 29: Germany Current & Future Analysis for Magneto
Resistive RAM (MRAM) by Application – Enterprise Storage,
Consumer Electronics, Robotics, Automotive, Aerospace & Defense
and Other Applications – Independent Analysis of Annual
Revenues in US$ Thousand for the Years 2020 through 2027 and %
CAGR

Table 30: Germany 7-Year Perspective for Magneto Resistive RAM
(MRAM) by Application – Percentage Breakdown of Value Revenues
for Enterprise Storage, Consumer Electronics, Robotics,
Automotive, Aerospace & Defense and Other Applications for the
Years 2021 & 2027

ITALY
Table 31: Italy Current & Future Analysis for Magneto Resistive
RAM (MRAM) by Application – Enterprise Storage, Consumer
Electronics, Robotics, Automotive, Aerospace & Defense and
Other Applications – Independent Analysis of Annual Revenues in
US$ Thousand for the Years 2020 through 2027 and % CAGR

Table 32: Italy 7-Year Perspective for Magneto Resistive RAM
(MRAM) by Application – Percentage Breakdown of Value Revenues
for Enterprise Storage, Consumer Electronics, Robotics,
Automotive, Aerospace & Defense and Other Applications for the
Years 2021 & 2027

UNITED KINGDOM
Table 33: UK Current & Future Analysis for Magneto Resistive
RAM (MRAM) by Application – Enterprise Storage, Consumer
Electronics, Robotics, Automotive, Aerospace & Defense and
Other Applications – Independent Analysis of Annual Revenues in
US$ Thousand for the Years 2020 through 2027 and % CAGR

Table 34: UK 7-Year Perspective for Magneto Resistive RAM
(MRAM) by Application – Percentage Breakdown of Value Revenues
for Enterprise Storage, Consumer Electronics, Robotics,
Automotive, Aerospace & Defense and Other Applications for the
Years 2021 & 2027

REST OF EUROPE
Table 35: Rest of Europe Current & Future Analysis for Magneto
Resistive RAM (MRAM) by Application – Enterprise Storage,
Consumer Electronics, Robotics, Automotive, Aerospace & Defense
and Other Applications – Independent Analysis of Annual
Revenues in US$ Thousand for the Years 2020 through 2027 and %
CAGR

Table 36: Rest of Europe 7-Year Perspective for Magneto
Resistive RAM (MRAM) by Application – Percentage Breakdown of
Value Revenues for Enterprise Storage, Consumer Electronics,
Robotics, Automotive, Aerospace & Defense and Other
Applications for the Years 2021 & 2027

ASIA-PACIFIC
Table 37: Asia-Pacific Current & Future Analysis for Magneto
Resistive RAM (MRAM) by Application – Enterprise Storage,
Consumer Electronics, Robotics, Automotive, Aerospace & Defense
and Other Applications – Independent Analysis of Annual
Revenues in US$ Thousand for the Years 2020 through 2027 and %
CAGR

Table 38: Asia-Pacific 7-Year Perspective for Magneto Resistive
RAM (MRAM) by Application – Percentage Breakdown of Value
Revenues for Enterprise Storage, Consumer Electronics,
Robotics, Automotive, Aerospace & Defense and Other
Applications for the Years 2021 & 2027

REST OF WORLD
Table 39: Rest of World Current & Future Analysis for Magneto
Resistive RAM (MRAM) by Application – Enterprise Storage,
Consumer Electronics, Robotics, Automotive, Aerospace & Defense
and Other Applications – Independent Analysis of Annual
Revenues in US$ Thousand for the Years 2020 through 2027 and %
CAGR

Table 40: Rest of World 7-Year Perspective for Magneto
Resistive RAM (MRAM) by Application – Percentage Breakdown of
Value Revenues for Enterprise Storage, Consumer Electronics,
Robotics, Automotive, Aerospace & Defense and Other
Applications for the Years 2021 & 2027

IV. COMPETITION
Total Companies Profiled: 42
Read the full report: https://www.reportlinker.com/p05820699/?utm_source=GNW

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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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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.
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Robotic Palletizer Market worth $1.9 billion by 2029 – Exclusive Report by MarketsandMarkets™

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robotic-palletizer-market-worth-$1.9-billion-by-2029-–-exclusive-report-by-marketsandmarkets™

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.

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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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Browse Adjacent Market: Semiconductor and Electronics Market Research Reports & Consulting
Related Reports: 
Palletizer Market Size, Share, Statistics and Industry Growth Analysis Report by Technology (Conventional, Robotic), Product Type (Bags, Boxes and Cases, Pails and Drums), Industry (Food & Beverages, Chemicals, Pharmaceuticals, Cosmetics & Personal Care, E-commerce and Retail) & Region – Global Growth Driver and Industry Forecast to 2029
Autonomous Mobile Robots Market by Offering (Hardware, Software and Services), Payload Capacity (500 kg), Navigation Technology (Laser/LiDAR, Vision Guidance), Industry (Manufacturing, Retail, E-commerce) – Global Forecast to 2028
Automated Guided Vehicle Market Size, Share, Industry, Statistics & Growth by Type (Tow Vehicles, Unit Load Carriers, Forklift Trucks, Assembly Line Vehicles, Pallet Trucks), Navigation Technology (Laser Guidance, Magnetic Guidance, Vision Guidance), Industry, Region – Global Forecast to 2028
Automated Storage and Retrieval System Market by Function (Storage, Distribution, Assembly), Type (Unit Load, Mini Load, Vertical Lift Module, Carousel, Mid Load), Vertical (Automotive, Food & Beverages, E-Commerce, Retail) – Global Forecast to 2028
Automated Material Handling Equipment Market Size, Share, Statistics and Industry Growth Analysis Report by Product (Robots, ASRS, Conveyors And Sortation Systems, Cranes, WMS, AGV), System Type (Unit Load, Bulk Load), Industry (Automotive, E-Commerce, Food & Beverage) and Region – Global Forecast to 2028
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] Our Web Site: https://www.marketsandmarkets.com/Research Insight: https://www.marketsandmarkets.com/ResearchInsight/robotic-palletizer-companies.aspContent Source: https://www.marketsandmarkets.com/PressReleases/robotic-palletizer.asp
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