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3D Machine Vision Market Worth $3.1 Billion by 2028 — Exclusive Report by Meticulous Research®

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Redding, California, Dec. 15, 2021 (GLOBE NEWSWIRE) — According to a new market research report titled,3D Machine Vision Market by Component (Hardware, Software), Product, Application, End-User (Industrial [Automotive, Electronics & Semiconductor, Food & Beverage], Commercial [Healthcare, ITS], Government), and Geography — Global Forecasts to 2028”, published by Meticulous Research®, the 3D machine vision market is expected to grow at a CAGR of 12.1% from 2021–2028 to reach $3.1 billion by 2028 from $1.4 billion in 2021.

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The 3D machine vision market is driven by the rising demand for automated quality inspection technologies, increasing demand for vision-guided robotic systems, and the advent of Industry 4.0.

However, depth errors caused due to shiny surfaces and complexity in integrating 3D machine vision systems are factors hampering the growth of this market to a certain extent.

Impact of COVID-19 on the 3D Machine Vision Market

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The COVID-19 pandemic severely impacted the manufacturing industry in 2020. The simultaneous disruptions in supply and demand due to business shutdowns led to extremely deep slumps. The effects of this pandemic are expected to create varying levels of crisis among different sub-sectors. Machinery and industrial automation are not expected to be affected equally by the crisis as demand is derived from various sectors.

However, the COVID-19 pandemic is likely to accelerate the development and implementation of automation technologies because of greater incentives to substitute capital for labor. Robots and smart technologies have great potential for disease surveillance and contact tracing, diagnosing COVID-19 without contact, and even disinfecting contaminated areas such as hospitals and public spaces. The machine vision vendors and imaging associations expect optimistic scenarios, and fast recovery is expected by 2021–2022. China has also recovered reasonably post restrictions as there had been an increase in demand for vision technology, specifically in consumer electronics for new applications.

Speak to our Analysts to Understand the Impact of COVID-19 on Your Business: https://www.meticulousresearch.com/speak-to-analyst/cp_id=5138

3D Machine Vision Market Overview

The 3D machine vision market is segmented based on component (hardware [camera, frame grabbers, optics, lighting, others], software), product (PC-based, smart camera), application (quality assurance & inspection, positioning & guidance, measurement, identification, and sorting), end user (industrial [automotive, pharmaceuticals & chemicals, electronics & semiconductor, printing & labeling, food & beverage, glass & metal, others], commercial [healthcare, intelligent transportation system, logistics], government [security & surveillance, military & defense]), and geography.

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Based on component, the hardware segment is estimated to account for the largest share of the overall 3D machine vision market in 2021. Under the hardware segment, the cameras category is expected to contribute to the largest share in 2021. Cameras play an integral role in 3D machine vision systems for capturing 3D images. Therefore, the rising need for high-quality images coupled with quick image processing bolsters its demand. However, the software segment is expected to grow at a faster CAGR during the forecast period. The high growth rate is attributed to the increasing demand for new and upcoming software for varied applications of 3D machine vision systems.

Based on product type, the PC-based segment is projected to account for the largest share of the overall 3D machine vision market in 2021. The large market share of this segment is primarily attributed to its high processing power and capability of handling complex operations at relatively high speed. However, the smart cameras segment is expected to grow at a higher CAGR during the forecast period. The high growth rate of this segment is attributed to its rapidly increasing demand due to features such as compact design, lower cost, ease of installation, and reduced need for peripheral devices.

Based on application, the quality assurance and inspection segment is expected to command the largest share of the overall 3D machine vision market in 2021. Under this application, 3D machine vision systems detect defects, functional flaws, contaminants, and other irregularities in manufactured products. Furthermore, the system is also used for inspecting product completeness in the pharmaceutical, food & beverages, and plastics industries. However, the sorting segment is expected to grow at the highest CAGR during the forecast period. Adoption of vision-guided robotic systems and widespread usage in the food & beverage sector are some of the key factors contributing to the growth of this segment.

Quick Buy – 3D Machine Vision Market Research Report:
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Based on end user, the 3D machine vision market has been segmented into industrial, commercial, and government. In the industrial segment, the food & beverage sector is projected to grow with the fastest CAGR during the forecast period. One of the key factors attributed to the high growth rate of this segment is the rapid adoption of 3D machine vision systems for picking and sorting applications in this sector. However, the automotive segment is poised to be the largest revenue-generating segment in 2021.

Geographically, in 2021, Asia-Pacific region is projected to command the largest share of the global 3D machine vision market, followed by Europe and North America. The large market share of the Asia-Pacific region is mainly attributed to the growth of manufacturing industries and the rapid implementation of robotic processes in Japan and China. Additionally, the region is also expected to grow at a significant CAGR during the forecast period due to the implementation of several Industry 4.0 initiatives. Also, the growth of vision-guided robotics (VGR) is driving the growth of this market.

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The key players operating in the global 3D machine vision market are Cognex Corporation (U.S.), Keyence Corporation (Japan), ISRA Vision AG (Germany), Sick AG (Germany), Basler AG (Germany), Omron Corporation (Japan), National Instruments (U.S.), LMI Technologies (Canada), Sony Corporation (Japan), Stemmer Imaging (Germany), Teledyne Technologies (U.S.), Canon Inc. (Japan), Torvidel AS (Norway), Balluff GmBH (Germany), and Industrial Vision System (UK) among others.

To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/3D-machine-vision-market-5138

Report Scope:

3D Machine Vision Market, by Component

  • Hardware
    • Cameras
    • Frame Grabbers
    • Optics
    • Lighting
    • Others
  • Software

3D Machine Vision Market, by Product

  • PC-based
  • Smart Cameras

3D Machine Vision Market, by Application

  • Quality Assurance & Inspection
  • Positioning & Guidance
  • Measurement
  • Identification
  • Sorting

3D Machine Vision Market, by End User

  • Industrial
    • Automotive
    • Pharmaceuticals & Chemicals
    • Electronics & Semiconductor
    • Printing & Labeling
    • Food & Beverage
    • Glass & Metal
    • Others
  • Commercial
    • Healthcare
    • Intelligent Transportation System
    • Logistics
  • Government
    • Security & Surveillance
    • Military & Defense

3D Machine Vision Market, by Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Rest of Europe
  • Asia-Pacific (APAC)
    • China
    • Japan
    • South Korea
    • India
    • Rest of Asia-Pacific (RoAPAC)
  • Latin America
  • Middle East and Africa

Download Free Sample Report Now @ https://www.meticulousresearch.com/download-sample-report/cp_id=5138

     Amidst this crisis, Meticulous Research® is continuously assessing the impact of the COVID-19 pandemic on various sub-markets and enables global organizations to strategize for the post-COVID-19 world and sustain their growth. Let us know if you would like to assess the impact of COVID-19 on any industry here- https://www.meticulousresearch.com/custom-research
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Contact:
Mr. Khushal Bombe
Meticulous Market Research Inc.
1267 Willis St, Ste 200 Redding, 
California, 96001, U.S.
USA: +1-646-781-8004
Europe : +44-203-868-8738
APAC: +91 744-7780008
Email- [email protected] 
Visit Our Website: https://www.meticulousresearch.com/
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research
Content Source: https://www.meticulousresearch.com/pressrelease/174/3d-machine-vision-market-2028


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Artificial Intelligence

ZTE highlights building solid foundations with full-stack intelligent computing solution at MWC Shanghai 2024

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SHANGHAI, June 26, 2024 /PRNewswire/ — ZTE Corporation (0763.HK / 000063.SZ), a global leading provider of integrated information and communication technology solutions, will present innovative solutions and success cases in connectivity, computing power, industrial digitalization, and terminal devices at MWC Shanghai 2024, committed to building solid foundations with its full-stack and full-scenario intelligent computing solution.

In addition to exhibitions, ZTE will participate in various forums, sharing insights on trending topics, including AI, 5G, digitalization, etc. Meanwhile, the company will be hosting a series of launch events, showcasing its AI-powered eyewear-free 3D products and the Nebula Telecom Large Model.
Adhering to its “connectivity + computing” strategy, ZTE aims to create a dynamic ecosystem with industry partners, emphasizing openness and decoupling. Through continuous innovation, ZTE seeks to unfold an intelligent future.
Computing Power: Full-Stack Intelligent Computing as Efficient Foundation
ZTE provides a full-stack and full-scenario intelligent computing solution involving computing power, networks, capabilities, intelligence, and applications. With a full series of servers, high-performance storage products, lossless networks, and green data centers, ZTE has created a robust engine for diverse intelligent computing centers.
Connectivity: A New Era of 10Gbps Experience
Together with industry partners, ZTE continues to explore innovations in 5G-A technologies across different scenarios and industries, and empowers diversified new B2B and B2C services based on 10Gbps+ experience. Meanwhile, ZTE is also leading in global OTN technologies, and actively driving the evolution of all-optical connectivity, building 10Gbps networks for cities, and empowering smart life based on intelligent computing.
Industry: Phygital Convergence for Innovative Development
ZTE proposes the solution of “intelligent computing infrastructure + Digital Nebula,” facilitating phygital innovation and boost productivity in the intelligent era. ZTE has developed hundreds of exemplary projects in key sectors and ZTE Digital Nebula 3.0 has become the “super brain” of industrial digitalization, enabling customers and industry partners to foster a sustainable and intelligent ecosystem.
ZTE Mobile Devices: AI Full-Scenario Intelligent Ecosystem 3.0
With “AI for All” product strategy, ZTE has launched a full range of AI devices, including smartphones, tablets, laptops, PCs, and mobile internet products, dedicated to building AI Full-Scenario Intelligent Ecosystem 3.0. Emerging as a pioneer in cloud PCs, ZTE possesses a global user base of over 3 million.
For more information about ZTE’s highlights at MWC Shanghai 2024, please visit: https://www.zte.com.cn/global/about/news/zte-highlights-building-solid-foundations-with-full-stack-intelligent-computing-solution-at-mwc-shanghai-2024.html
MEDIA INQUIRIES:
Email: [email protected]

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Comviva named a Visionary in the 2024 Gartner® Magic Quadrant™ for AI in CSP Customer and Business Operations Report

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NEW DELHI, June 26, 2024 /PRNewswire/ — Comviva, the global leader in customer experience and data monetization solutions, today announced that it has been named a Visionary in the 2024 Gartner Magic Quadrant for AI in CSPs Customer and Business Operations report.

Gartner defines the market of AI in communications service provider (CSP) customer and business operations as commercial off-the-shelf (COTS) products. They are either capabilities embedded in CSP-specific operational technology (OT) applications (such as channels, CRM and other business support system [BSS] applications) or industry-agnostic horizontal applications delivering AI/machine learning (ML)-based customer and business operations to CSPs. CSP customer and business operations refer to marketing, sales, customer acquisition, customer journey, billing and revenue management, revenue assurance, and related risk management. The scope of AI products covers data readiness, life cycle management of algorithms and their application to CSP customer and business operations.
Comviva’s vision is to revolutionize the telecommunications industry by harnessing the transformative power of AI and Generative AI. With AI use cases across its MobiLytix™ and BlueMarble solutions, Comviva is enabling businesses to create, manage, and deliver real-time personalization, contextualized customer experiences, and intelligence-driven commerce at scale. Comviva has been noted for its strength in content creation, natural language generation, decision intelligence and machine learning.
“To thrive in today’s digital economy, businesses must accelerate the adoption of AI and related digital technologies. Comviva’s greatest strength has been our intelligent platforms that deliver personalized experiences and engagement across the customer journey,” said Rajesh Chandiramani, CEO at Comviva. “We are excited by this recognition as we believe that this affirms our strategic direction and leadership in revolutionizing telecommunications with AI. Comviva’s strong position in the quadrant validates our commitment and progress toward leveraging next-gen technologies in our solutions to deliver exceptional customer experiences.”
Comviva integrates state-of-the-art AI technologies across its comprehensive product portfolio, driving innovation, enhancing customer experiences, and optimizing business operations for Communications Service Providers (CSPs) around the world.
Source: Gartner Magic Quadrant for AI in CSP Customer and Business Operations, by Pulkit Pandey, Amresh Nandan, Peter Liu, 4 June 2024.
GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally, MAGIC QUADRANT is a registered trademark of Gartner, Inc. and/or its affiliates and are used herein with permission. All rights reserved.
Contact
Sundeep Mehta, +91()9910030732, [email protected] 
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Jacobi releases Model Portfolio Tech to help investment firms capitalise on booming opportunity

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The search for technology to support model portfolio management and portfolio construction services is increasing as companies look to centralise and scale their model portfolio management and compete in a rapidly growing market.
LONDON, June 26, 2024 /PRNewswire/ — The utilisation of model portfolios among financial advisers has emerged as a transformative force, with staggering growth in model portfolios projected to continue over the next decade. And with good reason, they offer an efficient method for diversification, risk management, and portfolio construction, with personalisation features to match the unique financial goals and risk tolerances of clients.

Financial advisers are also increasingly turning to asset managers for assistance in managing the model portfolios they build and maintain for clients. Jacobi’s model management technology enables asset managers to scale the portfolio construction services they offer financial professionals. The technology enables a platform that can centralise performance and risk analytics, integrate investment workflows, and produce professional reports to share with clients.
An early adopter of Jacobi’s model technology, leading asset manager T. Rowe Price has seen improved process efficiencies and enhanced engagement with clients.
Chris Augelli, Head of Advisor Engagement & Portfolio Construction Solutions at T. Rowe Price, says:
“Jacobi’s technology has enabled us to work faster and handle the increasing demand for our portfolio construction services. Having the team on one common platform through Jacobi has facilitated collaboration in real-time, which has supported our effectiveness in meeting clients’ needs.”
Tanya Bartolini, Chief Revenue Officer at Jacobi, says:
“Our technology helps us partner with asset managers such as T.Rowe Price to scale and connect workflows, driving enormous efficiencies – and ultimately increasing their market distribution.”
About Jacobi
Jacobi Inc. is a global investment technology provider that streamlines multi-asset investment processes and enables portfolio design, analysis, and client engagement. Its unique “open architecture” platform allows users to tailor the platform by integrating their own code, models, data, analytics, and applications.
Founded in 2014, Jacobi provides its technology to top-tier investors across the globe, including some of the world’s leading asset and wealth managers, pension funds, asset owners, and investment consultants. 
About T.Rowe Price 
Founded in 1937, T. Rowe Price helps people around the world achieve their long-term investment goals. As a large global asset management company known for investment excellence, retirement leadership, and independent proprietary research, the firm is built on a culture of integrity that puts client interests first. Investors rely on the award-winning firm for its retirement expertise and active management of equity, fixed income, alternatives, and multi-asset investments. T. Rowe Price manages $1.54 trillion in client assets as of May 31, 2024, and it serves millions of clients globally.
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