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Global Product Lifecycle Management (PLM) Market to Reach US$59.7 Billion by the Year 2026

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New York, Jan. 17, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Product Lifecycle Management (PLM) Industry” – https://www.reportlinker.com/p0552792/?utm_source=GNW
PLM helps companies in setting up efficient workflows, data management systems, process configurations and system validation. PLM is slated to be influenced by emerging technologies including big data, IoT, mobility, Industry 4.0 and rising adoption of manufacturing software and automation. These trends and recent developments in the field of PLM are poised to help organizations in innovating and streamlining product-related processes and accelerating time-to-market. Other major factors driving growth in the market include rising product complexity; expanding product portfolios/product line extensions; emergence of smart factories; migration to 3D from 2D CAD systems, demand for low-cost and customized PLM solutions; need for simulation & collaborative tools; shift from traditional to non-conventional end-use industries; focus on reduction in time-to-market; compliance requirements; increased focus on product innovations; and recovery in the manufacturing & industrial sectors worldwide.

Amid the COVID-19 crisis, the global market for Product Lifecycle Management (PLM) estimated at US$40.5 Billion in the year 2020, is projected to reach a revised size of US$59.7 Billion by 2026, growing at a CAGR of 6.8% over the analysis period. Software, one of the segments analyzed in the report, is projected to grow at a 5.8% CAGR to reach US$26.1 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 Services segment is readjusted to a revised 7.5% CAGR for the next 7-year period. This segment currently accounts for a 56.8% share of the global Product Lifecycle Management (PLM) market. Various enterprises are adopting PLM solutions across different application areas, which increases the demand for the services segment. Services are essential for easy installation, integration and for the software to function properly.

The U.S. Market is Estimated at $17.1 Billion in 2021, While China is Forecast to Reach $3.3 Billion by 2026

The Product Lifecycle Management (PLM) market in the U.S. is estimated at US$17.1 Billion in the year 2021. The country currently accounts for a 40.88% share in the global market. China, the world`s second largest economy, is forecast to reach an estimated market size of US$3.3 Billion in the year 2026 trailing a CAGR of 9.7% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.8% and 6.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 6.4% CAGR while Rest of European market (as defined in the study) will reach US$3.2 Billion by the end of the analysis period. Rapidly rising levels of industrialization, economic growth, rising GDP, continued shifting of manufacturing/production bases to low cost Asian countries across industrial sectors bodes well for the growth of PLM in developing countries. The growing trend of outsourcing research and design activities to third party service providers is helping generate robust demand for PLM in the Asia-Pacific region, led by countries such as China and India, which are a growing hub for design outsourcing. Continued developments in the industrial sector are also driving the adoption of PLM solutions in the region.

Select Competitors (Total 136 Featured)

  • Accenture
  • Aras Corporation
  • Arena Solutions, Inc.
  • Autodesk, Inc.
  • Centric Software, Inc.
  • Dassault Systemes SA
  • DXC Technology Co.
  • Gerber Technology
  • Lectra SA
  • Oracle Corporation
  • PTC
  • SAP PLM Alliance
  • Selerant Corporation
  • Siemens PLM Software, Inc.
  • Tata Technologies Ltd.
  • T-Systems International GmbH

Read the full report: https://www.reportlinker.com/p0552792/?utm_source=GNW

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
Impact of COVID-19 Pandemic and Looming Global Recession: 2020
Marked as a Year of Disruption & Transformation
As the Race between the Virus & Vaccines Intensifies, Where is
the World Economy Headed in 2021?
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?
Cloud Services Emerges as the Lone Bright Spot amidst the Crisis
EXHIBIT 2: Impact Score of Trends Driving Public Cloud
Engagement 2019 VS 2020
Digital Engineering Push in the Post COVID-19 Period to Revive
Opportunities for PLM
EXHIBIT 3: COVID-19 Has Created an Environment Where Digital
Transformation Equals Survival: Global Digital Transformation
Spending (In US$ Billion) for Years 2017 Through 2023
An Introduction to Product Lifecycle Management
Evolution of PLM
Product?s Lifecycle and its Corresponding Technologies
Phases of Product Lifecycle
Benefits of PLM
The Future of PLM
Organizations Invest in PLM Software to Expedite Time-to-Market
and Improve ROI
Rising Value and Role of PLM in Shaping Product and Business
Landscape: Global Market Prospects & Outlook
Analysis by Segment
Developed Regions: Prime Revenue Contributors
Developing Countries: Hot Spots for Future Growth
Competitive Scenario
EXHIBIT 4: Product Lifecycle Management (PLM) Software
Competitor Market Share Scenario Worldwide (in %): 2020
Recent Market Activity
Select Global Brands

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS
PLM Market Driven by Sophisticated Software Solutions and
Integration of IIoT, AM, AR & VR with PLM Solutions
Notable PLM Trends Influencing the Market
PLM Facilitates Creation of Digital Thread and Modeling of
Digital Twin for Increased Productivity of Businesses
Digital Twins Present Compelling Use Cases to Support Smart
Manufacturing
PLM Software Adapts to Product Data Analytics and Artificial
Intelligence
Big Data PLM and PDaaS Provide Real-Time Data for Faster
Decision Making
Microservices Architecture Infuses Agility into PLM-based
Operations
Organizations Eye on Blockchain to Manage Product Data for PLM
PLM to Play Instrumental Role in Enabling Digital Factories of
the Future
EXHIBIT 5: Global Industrial Automation Market (in US$ Billion)
for the Years 2019, 2022, 2024 and 2026
Closed Loop PLM Solutions (C-L PLM) to Benefit from the
Emerging Era of Digital Manufacturing, Smart Factories & IIoT
EXHIBIT 6: Explosion of IoT Big Data Catalyzes the Need for Big
Data Analytics for Insight Generation Needed for Informed
Decision-Making & Value Creation: IoT Big Data Generated by
Connected Devices Worldwide (In Zettabytes) for the Years
2020 & 2025
EXHIBIT 7: IoT Endpoints Installed Base Breakdown by Segment
for 2020
Increasing Demand for Integrated PLM Platforms to Augment
Growth of Cloud-Based PLM Market
Product Innovation Platforms Emerge as Efficient Options to
Support Multiple Users and Disciplines through Product
Lifecycle
Focus on Collaborative Product Development to Benefit Adoption
of Integrated PLM Solutions
Escalating Regulatory Compliance Requirements & Ensuing Need to
Reduce Product Risk Throws the Focus on PLM
Open Source PLM Makes its Disruptive Appearance in the Market
Emerging Role of OEMs as Assemblers Amplifies the Need for PLM
Enterprise Mobility Wave Drives Emergence of Mobile PLM
Key Factors Encouraging BYOD Trend among Enterprises Ranked by
Importance Attached by Enterprises
EXHIBIT 8: Global Spending on BYOD (in US$ Billion) for the
Years 2019, 2021, 2023 and 2025
Cloud Extends PLM Access to Startups and Mid-Sized Businesses
Growing Interest in Autonomous Vehicles to Support Growth
Recovery in Automotive Industry Post COVID-19 to Steer Demand
EXHIBIT 9: Global Production Capacity of the Automobile
Industry (In Million Units) by Region for the Years 2017 and
2022
EXHIBIT 10: Global Automotive Market Reset & Trajectory –
Growth Outlook (In %) For Years 2019 Through 2025
Pharma PLM Set to Make Gains
PLM to Witness Improved Adoption in the Aerospace & Defense Sector
EXHIBIT 11: Defense Expenditure Worldwide in US$ Billion for
the Years 2010 through 2020
EXHIBIT 12: COVID-19 Pandemic Dents Airline Revenues:
Commercial Airline Revenue Growth (in %) for 2010-2020
Rise in Demand for PLM in the Consumer Products & Retail Sector
Application of PLM in the Semiconductor Industry

4. GLOBAL MARKET PERSPECTIVE
Table 1: World Current & Future Analysis for Product Lifecycle
Management (PLM) by Geographic Region – USA, Canada, Japan,
China, Europe, Asia-Pacific, Latin America, Middle East and
Africa Markets – Independent Analysis of Annual Revenues in US$
Thousand for Years 2020 through 2027 and % CAGR

Table 2: World Historic Review for Product Lifecycle Management
(PLM) by Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Revenues in US$ Thousand for
Years 2015 through 2019 and % CAGR

Table 3: World 12-Year Perspective for Product Lifecycle
Management (PLM) by Geographic Region – Percentage Breakdown of
Value Revenues for USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets for
Years 2015, 2021 & 2027

Table 4: World Current & Future Analysis for Software by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Revenues in US$ Thousand for
Years 2020 through 2027 and % CAGR

Table 5: World Historic Review for Software by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America, Middle East and Africa Markets – Independent Analysis
of Annual Revenues in US$ Thousand for Years 2015 through 2019
and % CAGR

Table 6: World 12-Year Perspective for Software by Geographic
Region – Percentage Breakdown of Value Revenues for USA,
Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2015, 2021 & 2027

Table 7: World Current & Future Analysis for Services by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Revenues in US$ Thousand for
Years 2020 through 2027 and % CAGR

Table 8: World Historic Review for Services by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America, Middle East and Africa Markets – Independent Analysis
of Annual Revenues in US$ Thousand for Years 2015 through 2019
and % CAGR

Table 9: World 12-Year Perspective for Services by Geographic
Region – Percentage Breakdown of Value Revenues for USA,
Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2015, 2021 & 2027

Table 10: World Current & Future Analysis for On-Premise by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Revenues in US$ Thousand for
Years 2020 through 2027 and % CAGR

Table 11: World Historic Review for On-Premise by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America, Middle East and Africa Markets – Independent Analysis
of Annual Revenues in US$ Thousand for Years 2015 through 2019
and % CAGR

Table 12: World 12-Year Perspective for On-Premise by
Geographic Region – Percentage Breakdown of Value Revenues for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2015, 2021 & 2027

Table 13: World Current & Future Analysis for Cloud by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Revenues in US$ Thousand for
Years 2020 through 2027 and % CAGR

Table 14: World Historic Review for Cloud by Geographic Region –
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America, Middle East and Africa Markets – Independent Analysis
of Annual Revenues in US$ Thousand for Years 2015 through 2019
and % CAGR

Table 15: World 12-Year Perspective for Cloud by Geographic
Region – Percentage Breakdown of Value Revenues for USA,
Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2015, 2021 & 2027

Table 16: World Current & Future Analysis for Aerospace &
Defense by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific, Latin America, Middle East and Africa
Markets – Independent Analysis of Annual Revenues in US$
Thousand for Years 2020 through 2027 and % CAGR

Table 17: World Historic Review for Aerospace & Defense by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Revenues in US$ Thousand for
Years 2015 through 2019 and % CAGR

Table 18: World 12-Year Perspective for Aerospace & Defense by
Geographic Region – Percentage Breakdown of Value Revenues for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2015, 2021 & 2027

Table 19: World Current & Future Analysis for Automotive &
Transportation by Geographic Region – USA, Canada, Japan,
China, Europe, Asia-Pacific, Latin America, Middle East and
Africa Markets – Independent Analysis of Annual Revenues in US$
Thousand for Years 2020 through 2027 and % CAGR

Table 20: World Historic Review for Automotive & Transportation
by Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Revenues in US$ Thousand for
Years 2015 through 2019 and % CAGR

Table 21: World 12-Year Perspective for Automotive &
Transportation by Geographic Region – Percentage Breakdown of
Value Revenues for USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa for Years
2015, 2021 & 2027

Table 22: World Current & Future Analysis for Semiconductor &
Electronics by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific, Latin America, Middle East and Africa
Markets – Independent Analysis of Annual Revenues in US$
Thousand for Years 2020 through 2027 and % CAGR

Table 23: World Historic Review for Semiconductor & Electronics
by Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Revenues in US$ Thousand for
Years 2015 through 2019 and % CAGR

Table 24: World 12-Year Perspective for Semiconductor &
Electronics by Geographic Region – Percentage Breakdown of
Value Revenues for USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa for Years
2015, 2021 & 2027

Table 25: World Current & Future Analysis for Retail & Consumer
Goods by Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Revenues in US$ Thousand for
Years 2020 through 2027 and % CAGR

Table 26: World Historic Review for Retail & Consumer Goods by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Revenues in US$ Thousand for
Years 2015 through 2019 and % CAGR

Table 27: World 12-Year Perspective for Retail & Consumer Goods
by Geographic Region – Percentage Breakdown of Value Revenues
for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America, Middle East and Africa for Years 2015, 2021 & 2027

Table 28: World Current & Future Analysis for Industrial
Equipment & Heavy Machinery by Geographic Region – USA, Canada,
Japan, China, Europe, Asia-Pacific, Latin America, Middle East
and Africa Markets – Independent Analysis of Annual Revenues in
US$ Thousand for Years 2020 through 2027 and % CAGR

Table 29: World Historic Review for Industrial Equipment &
Heavy Machinery by Geographic Region – USA, Canada, Japan,
China, Europe, Asia-Pacific, Latin America, Middle East and
Africa Markets – Independent Analysis of Annual Revenues in US$
Thousand for Years 2015 through 2019 and % CAGR

Table 30: World 12-Year Perspective for Industrial Equipment &
Heavy Machinery by Geographic Region – Percentage Breakdown of
Value Revenues for USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa for Years
2015, 2021 & 2027

Table 31: World Current & Future Analysis for Other Verticals
by Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Revenues in US$ Thousand for
Years 2020 through 2027 and % CAGR

Table 32: World Historic Review for Other Verticals by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Revenues in US$ Thousand for
Years 2015 through 2019 and % CAGR

Table 33: World 12-Year Perspective for Other Verticals by
Geographic Region – Percentage Breakdown of Value Revenues for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2015, 2021 & 2027

III. MARKET ANALYSIS

UNITED STATES
Table 34: USA Current & Future Analysis for Product Lifecycle
Management (PLM) by Component – Software and Services –
Independent Analysis of Annual Revenues in US$ Thousand for the
Years 2020 through 2027 and % CAGR

Table 35: USA Historic Review for Product Lifecycle Management
(PLM) by Component – Software and Services Markets –
Independent Analysis of Annual Revenues in US$ Thousand for
Years 2015 through 2019 and % CAGR

Table 36: USA 12-Year Perspective for Product Lifecycle
Management (PLM) by Component – Percentage Breakdown of Value
Revenues for Software and Services for the Years 2015, 2021 &
2027

Table 37: USA Current & Future Analysis for Product Lifecycle
Management (PLM) by Deployment – On-Premise and Cloud –
Independent Analysis of Annual Revenues in US$ Thousand for the
Years 2020 through 2027 and % CAGR

Table 38: USA Historic Review for Product Lifecycle Management
(PLM) by Deployment – On-Premise and Cloud Markets –
Independent Analysis of Annual Revenues in US$ Thousand for
Years 2015 through 2019 and % CAGR

Table 39: USA 12-Year Perspective for Product Lifecycle
Management (PLM) by Deployment – Percentage Breakdown of Value
Revenues for On-Premise and Cloud for the Years 2015, 2021 &
2027

Table 40: USA Current & Future Analysis for Product Lifecycle
Management (PLM) by Vertical – Aerospace & Defense, Automotive &
Transportation, Semiconductor & Electronics, Retail &
Consumer Goods, Industrial Equipment & Heavy Machinery and
Other Verticals – Independent Analysis of Annual Revenues in
US$ Thousand for the Years 2020 through 2027 and % CAGR

Table 41: USA Historic Review for Product Lifecycle Management
(PLM) by Vertical – Aerospace & Defense, Automotive &
Transportation, Semiconductor & Electronics, Retail & Consumer
Goods, Industrial Equipment & Heavy Machinery and Other
Verticals Markets – Independent Analysis of Annual Revenues in
US$ Thousand for Years 2015 through 2019 and % CAGR

Table 42: USA 12-Year Perspective for Product Lifecycle
Management (PLM) by Vertical – Percentage Breakdown of Value
Revenues for Aerospace & Defense, Automotive & Transportation,
Semiconductor & Electronics, Retail & Consumer Goods,
Industrial Equipment & Heavy Machinery and Other Verticals for
the Years 2015, 2021 & 2027

CANADA
Table 43: Canada Current & Future Analysis for Product
Lifecycle Management (PLM) by Component – Software and Services –
Independent Analysis of Annual Revenues in US$ Thousand for
the Years 2020 through 2027 and % CAGR

Table 44: Canada Historic Review for Product Lifecycle
Management (PLM) by Component – Software and Services Markets –
Independent Analysis of Annual Revenues in US$ Thousand for
Years 2015 through 2019 and % CAGR

Table 45: Canada 12-Year Perspective for Product Lifecycle
Management (PLM) by Component – Percentage Breakdown of Value
Revenues for Software and Services for the Years 2015, 2021 &
2027

Table 46: Canada Current & Future Analysis for Product
Lifecycle Management (PLM) by Deployment – On-Premise and Cloud –
Independent Analysis of Annual Revenues in US$ Thousand for
the Years 2020 through 2027 and % CAGR

Table 47: Canada Historic Review for Product Lifecycle
Management (PLM) by Deployment – On-Premise and Cloud Markets –
Independent Analysis of Annual Revenues in US$ Thousand for
Years 2015 through 2019 and % CAGR

Table 48: Canada 12-Year Perspective for Product Lifecycle
Management (PLM) by Deployment – Percentage Breakdown of Value
Revenues for On-Premise and Cloud for the Years 2015, 2021 &
2027

Table 49: Canada Current & Future Analysis for Product
Lifecycle Management (PLM) by Vertical – Aerospace & Defense,
Automotive & Transportation, Semiconductor & Electronics,
Retail & Consumer Goods, Industrial Equipment & Heavy Machinery
and Other Verticals – Independent Analysis of Annual Revenues
in US$ Thousand for the Years 2020 through 2027 and % CAGR

Table 50: Canada Historic Review for Product Lifecycle
Management (PLM) by Vertical – Aerospace & Defense, Automotive &
Transportation, Semiconductor & Electronics, Retail &
Consumer Goods, Industrial Equipment & Heavy Machinery and
Other Verticals Markets – Independent Analysis of Annual
Revenues in US$ Thousand for Years 2015 through 2019 and % CAGR

Table 51: Canada 12-Year Perspective for Product Lifecycle
Management (PLM) by Vertical – Percentage Breakdown of Value
Revenues for Aerospace & Defense, Automotive & Transportation,
Semiconductor & Electronics, Retail & Consumer Goods,
Industrial Equipment & Heavy Machinery and Other Verticals for
the Years 2015, 2021 & 2027

JAPAN
Table 52: Japan Current & Future Analysis for Product Lifecycle
Management (PLM) by Component – Software and Services –
Independent Analysis of Annual Revenues in US$ Thousand for the
Years 2020 through 2027 and % CAGR

Table 53: Japan Historic Review for Product Lifecycle
Management (PLM) by Component – Software and Services Markets –
Independent Analysis of Annual Revenues in US$ Thousand for
Years 2015 through 2019 and % CAGR

Table 54: Japan 12-Year Perspective for Product Lifecycle
Management (PLM) by Component – Percentage Breakdown of Value
Revenues for Software and Services for the Years 2015, 2021 &
2027

Table 55: Japan Current & Future Analysis for Product Lifecycle
Management (PLM) by Deployment – On-Premise and Cloud –
Independent Analysis of Annual Revenues in US$ Thousand for the
Years 2020 through 2027 and % CAGR

Table 56: Japan Historic Review for Product Lifecycle
Management (PLM) by Deployment – On-Premise and Cloud Markets –
Independent Analysis of Annual Revenues in US$ Thousand for
Years 2015 through 2019 and % CAGR

Table 57: Japan 12-Year Perspective for Product Lifecycle
Management (PLM) by Deployment – Percentage Breakdown of Value
Revenues for On-Premise and Cloud for the Years 2015, 2021 &
2027

Table 58: Japan Current & Future Analysis for Product Lifecycle
Management (PLM) by Vertical – Aerospace & Defense, Automotive &
Transportation, Semiconductor & Electronics, Retail &
Consumer Goods, Industrial Equipment & Heavy Machinery and
Other Verticals – Independent Analysis of Annual Revenues in
US$ Thousand for the Years 2020 through 2027 and % CAGR

Table 59: Japan Historic Review for Product Lifecycle
Management (PLM) by Vertical – Aerospace & Defense, Automotive &
Transportation, Semiconductor & Electronics, Retail &
Consumer Goods, Industrial Equipment & Heavy Machinery and
Other Verticals Markets – Independent Analysis of Annual
Revenues in US$ Thousand for Years 2015 through 2019 and % CAGR

Table 60: Japan 12-Year Perspective for Product Lifecycle
Management (PLM) by Vertical – Percentage Breakdown of Value
Revenues for Aerospace & Defense, Automotive & Transportation,
Semiconductor & Electronics, Retail & Consumer Goods,
Industrial Equipment & Heavy Machinery and Other Verticals for
the Years 2015, 2021 & 2027

CHINA
Table 61: China Current & Future Analysis for Product Lifecycle
Management (PLM) by Component – Software and Services –
Independent Analysis of Annual Revenues in US$ Thousand for the
Years 2020 through 2027 and % CAGR

Table 62: China Historic Review for Product Lifecycle
Management (PLM) by Component – Software and Services Markets –
Independent Analysis of Annual Revenues in US$ Thousand for
Years 2015 through 2019 and % CAGR

Table 63: China 12-Year Perspective for Product Lifecycle
Management (PLM) by Component – Percentage Breakdown of Value
Revenues for Software and Services for the Years 2015, 2021 &
2027

Table 64: China Current & Future Analysis for Product Lifecycle
Management (PLM) by Deployment – On-Premise and Cloud –
Independent Analysis of Annual Revenues in US$ Thousand for the
Years 2020 through 2027 and % CAGR

Table 65: China Historic Review for Product Lifecycle
Management (PLM) by Deployment – On-Premise and Cloud Markets –
Independent Analysis of Annual Revenues in US$ Thousand for
Years 2015 through 2019 and % CAGR

Table 66: China 12-Year Perspective for Product Lifecycle
Management (PLM) by Deployment – Percentage Breakdown of Value
Revenues for On-Premise and Cloud for the Years 2015, 2021 &
2027

Table 67: China Current & Future Analysis for Product Lifecycle
Management (PLM) by Vertical – Aerospace & Defense, Automotive &
Transportation, Semiconductor & Electronics, Retail &
Consumer Goods, Industrial Equipment & Heavy Machinery and
Other Verticals – Independent Analysis of Annual Revenues in
US$ Thousand for the Years 2020 through 2027 and % CAGR

Table 68: China Historic Review for Product Lifecycle
Management (PLM) by Vertical – Aerospace & Defense, Automotive &
Transportation, Semiconductor & Electronics, Retail &
Consumer Goods, Industrial Equipment & Heavy Machinery and
Other Verticals Markets – Independent Analysis of Annual
Revenues in US$ Thousand for Years 2015 through 2019 and % CAGR

Table 69: China 12-Year Perspective for Product Lifecycle
Management (PLM) by Vertical – Percentage Breakdown of Value
Revenues for Aerospace & Defense, Automotive & Transportation,
Semiconductor & Electronics, Retail & Consumer Goods,
Industrial Equipment & Heavy Machinery and Other Verticals for
the Years 2015, 2021 & 2027

EUROPE
Table 70: Europe Current & Future Analysis for Product
Lifecycle Management (PLM) by Geographic Region – France,
Germany, Italy, UK, Spain, Russia and Rest of Europe Markets –
Independent Analysis of Annual Revenues in US$ Thousand for
Years 2020 through 2027 and % CAGR

Table 71: Europe Historic Review for Product Lifecycle
Management (PLM) by Geographic Region – France, Germany, Italy,
UK, Spain, Russia and Rest of Europe Markets – Independent
Analysis of Annual Revenues in US$ Thousand for Years 2015
through 2019 and % CAGR

Table 72: Europe 12-Year Perspective for Product Lifecycle
Management (PLM) by Geographic Region – Percentage Breakdown of
Value Revenues for France, Germany, Italy, UK, Spain, Russia
and Rest of Europe Markets for Years 2015, 2021 & 2027

Table 73: Europe Current & Future Analysis for Product
Lifecycle Management (PLM) by Component – Software and Services –
Independent Analysis of Annual Revenues in US$ Thousand for
the Years 2020 through 2027 and % CAGR

Table 74: Europe Historic Review for Product Lifecycle
Management (PLM) by Component – Software and Services Markets –
Independent Analysis of Annual Revenues in US$ Thousand for
Years 2015 through 2019 and % CAGR

Table 75: Europe 12-Year Perspective for Product Lifecycle
Management (PLM) by Component – Percentage Breakdown of Value
Revenues for Software and Services for the Years 2015, 2021 &
2027

Table 76: Europe Current & Future Analysis for Product
Lifecycle Management (PLM) by Deployment – On-Premise and Cloud –
Independent Analysis of Annual Revenues in US$ Thousand for
the Years 2020 through 2027 and % CAGR

Table 77: Europe Historic Review for Product Lifecycle
Management (PLM) by Deployment – On-Premise and Cloud Markets –
Independent Analysis of Annual Revenues in US$ Thousand for
Years 2015 through 2019 and % CAGR

Table 78: Europe 12-Year Perspective for Product Lifecycle
Management (PLM) by Deployment – Percentage Breakdown of Value
Revenues for On-Premise and Cloud for the Years 2015, 2021 &
2027

Table 79: Europe Current & Future Analysis for Product
Lifecycle Management (PLM) by Vertical – Aerospace & Defense,
Automotive & Transportation, Semiconductor & Electronics,
Retail & Consumer Goods, Industrial Equipment & Heavy Machinery
and Other Verticals – Independent Analysis of Annual Revenues
in US$ Thousand for the Years 2020 through 2027 and % CAGR

Table 80: Europe Historic Review for Product Lifecycle
Management (PLM) by Vertical – Aerospace & Defense, Automotive &
Transportation, Semiconductor & Electronics, Retail &
Consumer Goods, Industrial Equipment & Heavy Machinery and
Other Verticals Markets – Independent Analysis of Annual
Revenues in US$ Thousand for Years 2015 through 2019 and % CAGR

Table 81: Europe 12-Year Perspective for Product Lifecycle
Management (PLM) by Vertical – Percentage Breakdown of Value
Revenues for Aerospace & Defense, Automotive & Transportation,
Semiconductor & Electronics, Retail & Consumer Goods,
Industrial Equipment & Heavy Machinery and Other Verticals for
the Years 2015, 2021 & 2027

FRANCE
Table 82: France Current & Future Analysis for Product
Lifecycle Management (PLM) by Component – Software and Services –
Independent Analysis of Annual Revenues in US$ Thousand for
the Years 2020 through 2027 and % CAGR

Table 83: France Historic Review for Product Lifecycle
Management (PLM) by Component – Software and Services Markets –
Independent Analysis of Annual Revenues in US$ Thousand for
Years 2015 through 2019 and % CAGR

Table 84: France 12-Year Perspective for Product Lifecycle
Management (PLM) by Component – Percentage Breakdown of Value
Revenues for Software and Services for the Years 2015, 2021 &
2027

Table 85: France Current & Future Analysis for Product
Lifecycle Management (PLM) by Deployment – On-Premise and Cloud –
Independent Analysis of Annual Revenues in US$ Thousand for
the Years 2020 through 2027 and % CAGR

Table 86: France Historic Review for Product Lifecycle
Management (PLM) by Deployment – On-Premise and Cloud Markets –
Independent Analysis of Annual Revenues in US$ Thousand for
Years 2015 through 2019 and % CAGR

Table 87: France 12-Year Perspective for Product Lifecycle
Management (PLM) by Deployment – Percentage Breakdown of Value
Revenues for On-Premise and Cloud for the Years 2015, 2021 &
2027

Table 88: France Current & Future Analysis for Product
Lifecycle Management (PLM) by Vertical – Aerospace & Defense,
Automotive & Transportation, Semiconductor & Electronics,
Retail & Consumer Goods, Industrial Equipment & Heavy Machinery
and Other Verticals – Independent Analysis of Annual Revenues
in US$ Thousand for the Years 2020 through 2027 and % CAGR

Table 89: France Historic Review for Product Lifecycle
Management (PLM) by Vertical – Aerospace & Defense, Automotive &
Transportation, Semiconductor & Electronics, Retail &
Consumer Goods, Industrial Equipment & Heavy Machinery and
Other Verticals Markets – Independent Analysis of Annual
Revenues in US$ Thousand for Years 2015 through 2019 and % CAGR

Table 90: France 12-Year Perspective for Product Lifecycle
Management (PLM) by Vertical – Percentage Breakdown of Value

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Artificial Intelligence

Lithium Miners Strategize for Long-Term Gains as Market Recovers

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USA News Group Commentary
Issued on behalf of Lithium South Development Corporation
VANCOUVER, BC, May 3, 2024 /PRNewswire/ — USA News Group – Despite what appears to be a supply glut currently in the global lithium market, already there are signs of a lithium rebound on the horizon. According to Statista, global lithium demand is projected to grow through next year, while Fastmarkets predicts lithium supply will increase 30% in 2024. Fastmarkets also expects that by 2030, US lithium demand alone will grow by nearly 500%. Looking ahead, lithium miners continue to move their chess pieces onto the board with anticipation of long-term rewards, including the work of Lithium South Development Corporation (TSXV:LIS) (OTC:LISMF), Sociedad Química y Minera de Chile S.A. (SQM) (NYSE:SQM), Piedmont Lithium Inc. (NASDAQ:PLL), Lithium Americas Corp. (NYSE:LAC) (TSX:LAC), and Rio Tinto Group (NYSE:RIO).

Lithium South Development Corporation (TSXV:LIS) (OTC:LISMF) recently filed a new Preliminary Economic Assessment (PEA), which provides support for the company to proceed with development plans for a 15,600 tonnes per year lithium carbonate plant. As per the PEA, the project’s financial model shows a Net Present Value (NPV) after tax of US$938 million, and an after-tax Internal Rate of Return (IRR) of 31.6%, with a 2.5-year payback.
“We are very pleased to have achieved this important milestone for the HMN Li Project,” said Adrian F.C. Hobkirk, Founder, President and CEO of Lithium South. “The robust economics and room for expansion indicate a promising future for Lithium South.”
The HMN Li project is planned to use an extraction and recovery process based on conventional solar evaporation of the well brine. Magnesium and other contaminants will be removed using industry standard proven methods including  liming. The concentrated lithium solution will then be processed into lithium carbonate technical grade.
The PEA announcement came just weeks after the company announced the expansion of its ongoing production well drill program. A 400 meter deep pumping well has been completed at the  Alba Sabrina claim block, which at 2,089 hectares is the project’s largest. Recent efforts at the well successfully cleared out sediments, leading to the flow of clear brine with strong artesian characteristics, suggesting potential for enhanced brine extraction rates. To maximize these benefits, Lithium South has contracted a significantly larger 80-kilowatt pump, and is now completing a long term pump test. Based on results, further wells are planned for Alba Sabrina and the southern claim blocks at Viamonte and Norma Edith.
“These developments on the Alba Sabrina claim block could potentially enhance our operational capacity,” said Hobkirk. “The completion of this pumping test, anticipated by the end of May, will provide critical technical insight into the capacity potential of this area of the salar.”
Earlier in the year, Lithium South together with the Korean conglomerate POSCO, entered into a cooperative development agreement on the HMN Li Project, representing a crucial step forward in advancing towards lithium production. Previously, towards the end of 2023, Lithium South also released an updated NI 43-101 technical report for its premier HMN Li asset, which demonstrated a significant 175% boost in its lithium resource, amounting to over 1.58 million tonnes of lithium carbonate equivalent (LCE).
According to Chile’s Sociedad Química y Minera de Chile S.A. (SQM) (NYSE:SQM), there will be steady lithium prices in the coming months, despite the supply glut. In particular, SQM is optimistic for the second half of the year, which the company predicts will entail higher sales volumes.
“As we enter into 2024, we anticipate another robust year of growth in lithium market, with global demand increasing by at least 20%, supported by electric vehicle sales growth globally and increasing demand for battery materials,” said Ricardo Ramos, CEO of SQM. “However, the excess in lithium and battery materials capacity seen during last year is expected to continue during this year, keeping pressure on lithium market prices. We expect our average lithium prices to remain relatively stable throughout the year and our sales volumes to increase slightly during this year, subject to market conditions and any changes in supply-demand balance.”
This optimism was shared by Keith Phillips, CEO of Piedmont Lithium Inc. (NASDAQ:PLL) in an interview with Yahoo! Finance Live.
“[When it comes to mining] low prices are the cure for low prices,” said Phillips, adding that “it’s a matter of time” that prices will rebound. How fast that rebound occurs is still to be determined, however, Piedmont isn’t slowing its march.
Just recently, Piedmont received its state mining permit from the state of North Carolina, where the company owns 3,600 acres, from which it plans to mine spodumene from at least half of the area. Piedmont will then convert the material to lithium hydroxide, which is key to the manufacturing of EV batteries.
“We look forward to continued engagement with the local community and the Gaston County Board of Commissioners,” said Phillips. “We have had extensive and ongoing dialogue with possible funding sources for Carolina Lithium.”
Domestically sourced lithium is projected to become even more desirable, especially with US government incentives underway. Lithium Americas Corp. (NYSE:LAC) (TSX:LAC) recently secured a record $2.26 billion loan from the US Department of Energy to build its Thacker Pass lithium project in Nevada.
Construction began at the site located just south of the Nevada-Oregon border in March 2023, following a lengthy and intricate legal victory over conservationists, ranchers, and Indigenous groups. Lithium Americas anticipates finalizing securing a loan later this year, pending the completion of final environmental assessments. Once the financing is in place, the company aims to commence substantial construction activities, a project slated to last three years. The initial phase of the mine is projected to yield 40,000 metric tons of battery-grade lithium carbonate annually, sufficient to supply up to 800,000 electric vehicles.
“Our team has been focused on refining the development plan and de-risking construction execution of Phase 1 for Thacker Pass,” said Jonathan Evans, President and CEO of Lithium Americas. “We have de-risked execution by advancing detailed engineering and project planning. To date, we have completed all the early-works and infrastructure required for major construction, including excavating the processing plant areas.”
Looking at multiple international lithium projects, mining giant Rio Tinto Group (NYSE:RIO) has already expressed the company remains bullish on lithium despite not currently seeking any big acquisitions. Back in March, Rio Tinto committed to spending $350 million on its Rincon lithium project in Argentina, set to commence production by the end of the year.
This comes just months after the President of Serbia expressed interest to hold further talks with Rio Tinto regarding its Jadar lithium project, after the country revoked licenses on the $2.4 billion asset in 2022. If brought to completion, the project could supply 90% of Europe’s current lithium needs, and make Rio Tinto a leading lithium producer. As well, Rio Tinto held talks with the country of Rwanda back in January for the exploration and mining of lithium in the East African nation.
“[Rio Tinto is] “excited to be partnering with the government of Rwanda, applying our global experience to accelerate the search for primary lithium deposits in Rwanda’s Western Province,” said Lawrence Dechambenoit, global head of external affairs at Rio Tinto. The move could further unlock the potential of another country’s mining sector, if successful.
Source: https://usanewsgroup.com/2023/10/18/the-lithium-race-to-power/ 
CONTACT:USA NEWS [email protected] (604) 265-2873
Mr. William Feyerabend, a Consulting Geologist and Qualified Person under National Instrument 43-101 participated in the production of this advertisement, and approves of the technical and scientific disclosure contained herein pertaining to Lithium South.
DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. Equity Insider is a wholly-owned subsidiary of Market IQ Media Group, Inc. (“MIQ”). MIQ has been paid a fee for Lithium South Development Corporation advertising and digital media from the company directly. There may be 3rd parties who may have shares of Lithium South Development Corporation, and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ own shares of Lithium South Development Corporation which were purchased as a part of a private placement. MIQ reserves the right to buy and sell, and will buy and sell shares of Lithium South Development Corporation at any time thereafter without any further notice. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material disseminated by MIQ has been approved by the above mentioned company; this is a paid advertisement, and we own shares of the mentioned company that we will sell, and we also reserve the right to buy shares of the company in the open market, or through further private placements and/or investment vehicles. The contents of this advertisement were reviewed by Mr. William Feyerabend, a Consulting Geologist and Qualified Person as defined under National Instrument 43-101. Mr. Feyerabend approves of the scientific and technical disclosure pertaining to Lithium South contained within this advertisement. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.
 
 

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ROLLER and Amusement Connect Announce Integration to Streamline Cashless Card Operations

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New partnership enhances guest experiences and operational efficiency across attraction venues
AUSTIN, Texas, May 3, 2024 /PRNewswire/ — In an effort to improve the guest experience and streamline operations for attractions venues, ROLLER, a global leader in leisure and attractions technology, has joined forces with Amusement Connect, a recognized leader in cashless card operations. This strategic partnership delivers an integration that aims to streamline the arcade experience for operators and guests alike, providing a more efficient way for entertainment venues to operate.

Through this integration, ROLLER and Amusement Connect enable the sale, top-up, and balance checks of cashless cards directly from ROLLER’s point-of-sale devices, simplifying the management of pay-to-play attractions. This move is expected to enhance operational efficiency and improve guest satisfaction by making sales smoother and more convenient. The integration also simplifies reporting by automatically recording every purchase of a cashless card, saving venue operators time and ensuring accurate tracking of purchases. 
Both companies leverage cloud-based technology to ensure that venues can operate without the need for expensive servers, with the promise of continuous updates to keep the systems equipped with the latest features and improvements. This integration also introduces the option for guests to purchase game cards online through ROLLER’s online checkout, a feature designed to make the check-in process more efficient and increase average transaction values.
“Amusement Connect and ROLLER have a shared commitment to helping attractions businesses deliver exceptional guest experiences. So, we’re thrilled to partner with Amusement Connect on this integration – a trailblazing company known for great customer support and providing innovative tech. This isn’t just about upgrading our technology—it’s delivering on our promise to make every guest experience smoother and every operator’s day a bit easier,” explained Luke Finn, CEO and Founder of ROLLER.
“As we continue to innovate and collaborate with industry leaders like ROLLER, we’re thrilled to see the tangible benefits our integration brings to our customers. Together, we’re not just transforming transactions; we’re elevating experiences and driving profitability with every interaction,” commented Frank Licausi, Co-Owner of Amusement Connect.
This partnership between ROLLER and Amusement Connect represents a significant step towards more streamlined operations in the amusement industry. It offers a blend of efficiency and convenience aimed at improving the way entertainment venues operate and enhancing the overall guest experience. For more information on this integration and how it can benefit your venue, contact ROLLER or Amusement Connect directly.
About ROLLER
ROLLER is the cloud-based venue management platform for the modern attraction, purpose-built to remove friction from the guest experience at every touchpoint. Their all-in-one platform simplifies its customers’ business processes, improving efficiency and maximizing revenue. ROLLER’s comprehensive solution includes: Online Checkout & Ticketing, Point-of-Sale, Integrated Payments, Memberships, Gift Cards, Waivers, Self-Serve Kiosks, Cashless Wallets, the Guest Experience Score®, and more. To learn more, visit roller.software.
About Amusement Connect
Founded by Frank Licausi and John Tarpley in 2017, our comprehensive game card system, accompanied by a variety of products, provides a complete overview on games and attractions in settings like bars, arcades, FEC’s, and multi-location entertainment centers. As operators and industry experts, we bring innovation, value, and the best possible experiences to entertainment venues with our award-winning game card system. Bringing you more at amusementconnect.com.

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Computer Vision in Healthcare Market Worth $11.5 billion | MarketsandMarkets™

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CHICAGO, May 3, 2024 /PRNewswire/ — Computer Vision in Healthcare Market in terms of revenue was estimated to be worth $3.9 billion in 2024 and is poised to reach $11.5 billion by 2029, growing at a CAGR of 24.0% from 2024 to 2029 according to a new report by MarketsandMarkets™.

The market’s expansion is fueled by the exponential growth of medical imaging data which necessitates efficient analysis methods, where computer vision techniques excel in automating and enhancing diagnostic processes. Further, the demand for improved patient care and outcomes fuels the adoption of AI-driven solutions, empowering healthcare providers with precise tools for diagnosis, treatment planning, and monitoring. Nevertheless, ensuring the accuracy and reliability of computer vision algorithms remains a significant challenge, especially in complex medical imaging tasks where errors can have critical consequences. Additionally, the regulatory landscape surrounding AI-based medical devices is evolving, requiring stringent validation and approval processes, which can impede the timely deployment of innovative solutions. Thus, restraining the market.
Download an Illustrative overview: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=231790940
Browse in-depth TOC on “Computer Vision in Healthcare Market”
505 – Tables55 – Figures379 – Pages
Computer Vision in Healthcare Market Scope:
Report Coverage
Details
Market Revenue in 2024
$3.9 billion
Estimated Value by 2029
$11.5 billion
Growth Rate
Poised to grow at a CAGR of 24.0%
Market Size Available for
2022–2029
Forecast Period
2024–2029
Forecast Units
Value (USD Billion)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
Product & Service, Type, Applications, End User
Geographies Covered
North America, Europe, Asia Pacific, Latin America and Middle East and Africa
Report Highlights
Updated financial information / product portfolio of players
Key Market Opportunities
Computer vision solutions for healthcare that are hosted in the cloud
Key Market Drivers
The healthcare sector is experiencing a growing need for computer vision systems
“The largest share in the computer vision in healthcare market, based on type, was attributed to the PC-based computer vision systems segment in 2023.”
The PC-based computer vision systems segment holds the largest market share in the computer vision in healthcare market in 2023. The growth of this segment is propelled by factors such as PCs offering robust computational power, enabling real-time processing of complex algorithms required for tasks like medical image analysis. Also, PCs provide flexibility and scalability, allowing users to customize hardware configurations and software solutions according to specific requirements. This versatility makes them adaptable to various healthcare settings, from small clinics to large hospitals.
“In 2023, the patient activity monitoring/fall prevention segment demonstrated the most significant growth in the computer vision in healthcare market based on hospital management by type.”
The patient activity monitoring/fall prevention segment is expected to experience the highest growth in the computer vision in healthcare market. The key drivers for this growth include the aging population worldwide that has led to an increased focus on elderly care and fall prevention initiatives. Computer vision systems offer non-intrusive and continuous monitoring of patients’ movements, enabling early detection of potential fall risks and timely intervention to prevent accidents. Also, the growing adoption of wearable devices and smart sensors integrated with computer vision technology allows for seamless monitoring of patients’ activities both inside healthcare facilities and at home. This remote monitoring capability enhances patient safety and independence while reducing the burden on caregivers and healthcare resources.
“North America accounted for the largest share of the healthcare simulation market in 2023.”
In 2023, North America held the largest share in the computer vision in healthcare market, with Europe and Asia Pacific following. The significant presence of North America in the global market can be attributed to factors such as region’s strong focus on improving patient outcomes and reducing healthcare costs which incentivizes the integration of computer vision solutions to streamline processes, enhance diagnostics, and optimize treatment pathways.
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Computer Vision in Healthcare Market Dynamics:
Drivers:
The healthcare sector is experiencing a growing need for computer vision systemsRestraints:
The resistance of medical practitioners towards adopting AI-based technologiesOpportunities:
Computer vision solutions for healthcare that are hosted in the cloudChallenge:
Lack of curated dataKey Market Players of Computer Vision in Healthcare Industry:
The key players functioning in the computer vision in healthcare market include NVIDIA Corporation (US), Intel Corporation (US), Microsoft Corporation (US), Advanced Micro Devices, Inc. (US), Google, Inc. (US), Basler AG (Germany), AiCure (US), iCAD, Inc. (US), Thermo Fisher Scientific Inc. (US), SenseTime (China),  KEYENCE CORPORATION (Japan), Assert AI (India), Artisight (US), LookDeep Inc. (US), care.ai (US), CareView Communications (US), VirtuSense (US), Teton (Denmark), viso.ai (Switzerland), NANO-X IMAGING LTD. (Israel), Comofi Medtech Pvt. Ltd. (India), Avidtechvision (India), Roboflow, Inc. (US), Optotune (US) and CureMetrix, Inc. (US).
The break-down of primary participants is as mentioned below:
By Company Type – Tier 1: 45%, Tier 2: 30%, and Tier 3: 25%By Designation – C-level: 42%, Director-level: 31%, and Others: 27%By Region – North America: 32%, Europe: 32%, Asia Pacific: 26%, Middle East & Africa: 5%, Latin America: 5%Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=231790940
Recent Developments of Computer Vision in Healthcare Industry:
In April 2024, iCAD partnered with RAD-AID to enhance breast cancer detection utilizing the AI technology in underserved regions and low- and middle-income countries (LMICs).In March 2024, Microsoft and NVIDIA have broadened their longstanding collaboration with robust new integrations that harness cutting-edge NVIDIA generative AI and Omniverse technologies across Microsoft Azure, Azure AI services, Microsoft Fabric, and Microsoft 365.In February 2022, Advanced Micro Devices acquired Xilinx. This acquisition established the forefront leader in high-performance and adaptive computing, with a significantly expanded scale and the most formidable portfolio of leadership computing, graphics, and adaptive SoC products in the industry.Computer Vision in Healthcare Market – Key Benefits of Buying the Report:
This report will enrich established firms and new entrants/smaller firms to gauge the market’s pulse, which, in turn, would help them garner a greater share of the market. Firms purchasing the report could use one or a combination of the below-mentioned strategies to strengthen their positions in the market.
This report provides insights on:
Analysis of key drivers: (Increasing demand for computer vision systems in the healthcare industry, government initiatives to increase the adoption of AI-based technologies), restraints (Reluctance of medical practitioners to adopt AI-based technologies), opportunities (Cloud-based healthcare computer vision solutions), and challenges (Rising security concerns related to cloud-based image processing and analytics) influencing the growth of the computer vision in healthcare market.Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the computer vision in healthcare market.Market Development: Comprehensive information on the lucrative emerging markets, products & services, applications, end-users, and regions.Market Diversification: Exhaustive information about the product portfolios, growing geographies, recent developments, and investments in the computer vision in healthcare market.Competitive Assessment: In-depth assessment of market shares, growth strategies, product offerings, and capabilities of the leading players in the computer vision in healthcare market like NVIDIA Corporation (US), Intel Corporation (US), Microsoft Corporation (US), Advanced Micro Devices, Inc. (US), Google, Inc. (US).Related Reports:
Medical Robots Market – Global Forecasts to 2029
Minimally Invasive Surgery Market – Global Forecasts to 2029
Spinal Implants Market – Global Forecasts to 2028
Medical Waste Management Market – Global Forecasts to 2028
Operating Room Integration Market – Global Forecasts to 2028
Get access to the latest updates on Computer Vision in Healthcare Companies and Computer Vision in Healthcare Market Size
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 Website: https://www.marketsandmarkets.com/
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