Artificial Intelligence

Global Smart Buildings Market to Reach US$111.5 Billion by the Year 2026

Published

2 years ago

January 19, 2022

New York, Jan. 19, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Smart Buildings Industry” – https://www.reportlinker.com/p06219542/?utm_source=GNW
Smart buildings are emerging into the spotlight for their ability to achieving net zero carbon reduction targets, increase energy efficiency, and save energy. By using technologies like AI, IoT, big data, blockchain to connect buildings, transport and infrastructure, smart buildings can create a new ecosystem that can utilize more renewable energy, minimize energy waste, and slash carbon emissions. The need to switch over to smart buildings has arisen owing to the numerous benefits and ability to overcome challenges faced by the world. They help improve occupant productiveness with lighting, air quality, thermal comfort, physical security and sanitation among others and above all minimize overheads and environmental impact when compared to non-connected buildings. They are expected to play big role in addressing climate change targets. Smart hospitals, healthcare facilities, office buildings, educational institutions, gyms and stadiums are all examples of smart buildings whose numbers are increasing across the world. Smart buildings use their intelligence for collecting data that is actionable from on-premise sensors, user devices, services and systems. The application of that data through machine learning and artificial intelligence (ML/AI) makes such buildings programmable and duly responsive to their users` needs as also that of their managers. The network intelligence also helps in securing the network.

Amid the COVID-19 crisis, the global market for Smart Buildings estimated at US$63 Billion in the year 2020, is projected to reach a revised size of US$111.5 Billion by 2026, growing at a CAGR of 10.2% over the analysis period. Solutions, one of the segments analyzed in the report, is projected to grow at a 9.4% CAGR to reach US$69.7 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 11.4% CAGR for the next 7-year period. This segment currently accounts for a 40.8% share of the global Smart Buildings market. The idea of smart buildings is garnering considerable attention in the wake on COVID-19 pandemic that has redirected the focus and accelerated endeavors towards energy efficiency, health & wellbeing, connectivity and sustainability. The scenario is witnessing increasing requirement for preventative maintenance, remote monitoring and highly usable spaces.

The U.S. Market is Estimated at $20.5 Billion in 2021, While China is Forecast to Reach $17 Billion by 2026

The Smart Buildings market in the U.S. is estimated at US$20.5 Billion in the year 2021. The country currently accounts for a 30.33% share in the global market. China, the world`s second largest economy, is forecast to reach an estimated market size of US$17 Billion in the year 2026 trailing a CAGR of 12.4% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8% and 9.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 9.6% CAGR while Rest of European market (as defined in the study) will reach US$8.6 Billion by the end of the analysis period.

Select Competitors (Total 201 Featured)

ABB Group
BuildingIQ, Inc.
Cisco Systems, Inc.
Delta Controls Inc.
Ecova, Inc.
GridPoint, Inc.
Honeywell International, Inc.
IBM Corporation
Johnson Controls International PLC
Legrand North America LLC
Schneider Electric SA
Siemens AG
United Technologies Corporation (UTC)
Verdigris Technologies, Inc.

Read the full report: https://www.reportlinker.com/p06219542/?utm_source=GNW

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
Sustainability Remains at the Core of the Emergence & Evolution
of Smart Buildings
The World Reaches Tipping Points in the Climate System
EXHIBIT 1: As Time Runs Out, the March Towards Sustainability
Must Get Firmer, Faster & Stronger: Global CO2 Emissions in
Billion Metric Tons of CO2 Per Year
Here?s How Buildings Contribute Towards Climate Change
EXHIBIT 2: Carbon Footprint Forecasts for Buildings (In Billion
Metric Tons) for Years 2020, 2025, 2030, 2035, 2040, 2045 &
2050
Sustainability Becomes More Important than Ever. Here?s Why
EXHIBIT 3: As Global Temperatures Rise to Worrisome Levels
Sustainable Investments Will Emerge Into an Unstoppable Force
in the Coming Decade: Global Investments in Sustainability:
(In US$ Billion) for Years 2015, 2018, 2020 and 2022
The Never-Ending ?Race? Between the Virus & Vaccines Continues.
Amidst this Chaotic Battle, Where is the World Economy Heading
Now & Beyond?
Omicron Variant Brings Back Memories & Fears of the Worst Part
of the 2020 Pandemic
EXHIBIT 4: Time is of Essence! What We Know So Far – ?Vaccine
Efficiency Against New Strains is Decreasing?
With New Strains Emerging at an Alarming Rate, Focus Shifts to
Booster Doses & Vaccine Tweaking. But How Practical Is It to
Implement Them?
EXHIBIT 5: With Vaccinated Population Showing Signs of
Declining Clinical Protection, Booster Doses Are Emerging Into
a Necessity to Restore Vaccine Effectiveness, but this
Strategy is Not Within Reach for Most Countries: Number of
Booster Doses Administered Per 100 People by Country as of
December 2021
At the Dawn of 2022, We Leave Behind Millions of Deaths Due to
New Strains & Once Again Stare at an Impending Catastrophe
EXHIBIT 6: How & When Will the World Be Vaccinated? Global
Number of Annual COVID-19 Vaccine Doses (In Million) for Years
2020 through 2025 by Geographic Region/Country
Split Scenarios Unfold: The Great Vaccine Divide Emerges
EXHIBIT 7: Vaccine Imbalances to Stretch the Pandemic Further
into 2022: Global Percentage (%) of Population Administered
With Vaccines by Region as of November 2021
Amid this Prolonged Pandemic, Why Should Businesses Care About
Progress on Vaccinations?
With IMF Making an Upward Revision of Global GDP for 2021,
Companies Are Bullish About an Economic Comeback Despite a
Continuing Pandemic
EXHIBIT 8: A Strong Yet Exceedingly Patchy & Uncertain Recovery
Shaped by New Variants Comes Into Play: World Economic Growth
Projections (Real GDP, Annual % Change) for 2020 through 2022
EXHIBIT 9: Easing Unemployment Levels in 2021 & 2022 Although
Moderate Will Infuse Hope for Industries Reliant on Consumer
Discretionary Incomes: Global Number of Unemployed People (In
Million) for Years 2019, 2020, 2021, and 2022
Smart Buildings: Overview & Benefits
Recent Market Activity
Innovations

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS
Focus on Net Zero Energy Buildings (NZEB) Awakens Interest in
Smart Building Technologies
EXHIBIT 10: Rising Popularity of Net Zero Buildings Brings Into
the Spotlight the Concept of Smart Buildings & Enabling
Technologies: Global Opportunity for Net-Zero Energy
Buildings (NZEBs) (In US$ Million) for Years 2021, 2023,
2025 and 2027
BiPV Rises in Prominence Amid the Growing Clamor for Smart
Buildings
Roofing: The Focus Area for BIPV
Building Energy Management System (BeMS) Emerges to be Crucial
to the Net Zero Energy Goal in Smart Buildings
The Pandemic?s Push to Renovate & Build Smarter Buildings Bodes
Well for Market Growth
With Connectivity Being the Most Critical Element of Smart
Buildings, In-Building Wireless (IBW) Emerges Into the
Spotlight
A Review of the Growing Role of PoE in Smart Buildings
Special Focus on PoE Lighting
AI to Revolutionize Smart Buildings in Ways Hitherto Unimagined
Smart Building Analytics Rises in Prominence
5G to Accelerate Smart Building Adoption
EXHIBIT 11: The Future of 5G is Unquestioned: 5G Contribution
to GDP in Select Countries by 2030 (In US$ Billion)
IoT-powered Building Management System, A Gamechanger for Smart
Buildings
Predictive Maintenance Crucial to Curtailing Smart Building
Maintenance Costs
Sharp Increase in Cyberattacks Brings to Fore the Importance of
Adopting Cybersecurity Measures to Secure Smart Buildings

4. GLOBAL MARKET PERSPECTIVE
Table 1: World Current & Future Analysis for Smart Buildings by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Revenues in US$ Million for Years 2020 through 2027
and % CAGR

Table 2: World 7-Year Perspective for Smart Buildings 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 Solutions by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Revenues in US$ Million for Years 2020 through 2027
and % CAGR

Table 4: World 7-Year Perspective for Solutions 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 Services by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Revenues in US$ Million for Years 2020 through 2027
and % CAGR

Table 6: World 7-Year Perspective for Services 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 Commercial by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Revenues in US$ Million for Years 2020 through 2027
and % CAGR

Table 8: World 7-Year Perspective for Commercial 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 Industrial by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Revenues in US$ Million for Years 2020 through 2027
and % CAGR

Table 10: World 7-Year Perspective for Industrial 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 Residential by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Revenues in US$ Million for Years 2020 through 2027
and % CAGR

Table 12: World 7-Year Perspective for Residential 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 13: USA Current & Future Analysis for Smart Buildings by
Component – Solutions and Services – Independent Analysis of
Annual Revenues in US$ Million for the Years 2020 through 2027
and % CAGR

Table 14: USA 7-Year Perspective for Smart Buildings by
Component – Percentage Breakdown of Value Revenues for
Solutions and Services for the Years 2021 & 2027

Table 15: USA Current & Future Analysis for Smart Buildings by
Building Type – Commercial, Industrial and Residential –
Independent Analysis of Annual Revenues in US$ Million for the
Years 2020 through 2027 and % CAGR

Table 16: USA 7-Year Perspective for Smart Buildings by
Building Type – Percentage Breakdown of Value Revenues for
Commercial, Industrial and Residential for the Years 2021 &
2027

CANADA
Table 17: Canada Current & Future Analysis for Smart Buildings
by Component – Solutions and Services – Independent Analysis of
Annual Revenues in US$ Million for the Years 2020 through 2027
and % CAGR

Table 18: Canada 7-Year Perspective for Smart Buildings by
Component – Percentage Breakdown of Value Revenues for
Solutions and Services for the Years 2021 & 2027

Table 19: Canada Current & Future Analysis for Smart Buildings
by Building Type – Commercial, Industrial and Residential –
Independent Analysis of Annual Revenues in US$ Million for the
Years 2020 through 2027 and % CAGR

Table 20: Canada 7-Year Perspective for Smart Buildings by
Building Type – Percentage Breakdown of Value Revenues for
Commercial, Industrial and Residential for the Years 2021 &
2027

JAPAN
Table 21: Japan Current & Future Analysis for Smart Buildings
by Component – Solutions and Services – Independent Analysis of
Annual Revenues in US$ Million for the Years 2020 through 2027
and % CAGR

Table 22: Japan 7-Year Perspective for Smart Buildings by
Component – Percentage Breakdown of Value Revenues for
Solutions and Services for the Years 2021 & 2027

Table 23: Japan Current & Future Analysis for Smart Buildings
by Building Type – Commercial, Industrial and Residential –
Independent Analysis of Annual Revenues in US$ Million for the
Years 2020 through 2027 and % CAGR

Table 24: Japan 7-Year Perspective for Smart Buildings by
Building Type – Percentage Breakdown of Value Revenues for
Commercial, Industrial and Residential for the Years 2021 &
2027

CHINA
Table 25: China Current & Future Analysis for Smart Buildings
by Component – Solutions and Services – Independent Analysis of
Annual Revenues in US$ Million for the Years 2020 through 2027
and % CAGR

Table 26: China 7-Year Perspective for Smart Buildings by
Component – Percentage Breakdown of Value Revenues for
Solutions and Services for the Years 2021 & 2027

Table 27: China Current & Future Analysis for Smart Buildings
by Building Type – Commercial, Industrial and Residential –
Independent Analysis of Annual Revenues in US$ Million for the
Years 2020 through 2027 and % CAGR

Table 28: China 7-Year Perspective for Smart Buildings by
Building Type – Percentage Breakdown of Value Revenues for
Commercial, Industrial and Residential for the Years 2021 &
2027

EUROPE
Table 29: Europe Current & Future Analysis for Smart Buildings
by Geographic Region – France, Germany, Italy, UK and Rest of
Europe Markets – Independent Analysis of Annual Revenues in US$
Million for Years 2020 through 2027 and % CAGR

Table 30: Europe 7-Year Perspective for Smart Buildings by
Geographic Region – Percentage Breakdown of Value Revenues for
France, Germany, Italy, UK and Rest of Europe Markets for Years
2021 & 2027

Table 31: Europe Current & Future Analysis for Smart Buildings
by Component – Solutions and Services – Independent Analysis of
Annual Revenues in US$ Million for the Years 2020 through 2027
and % CAGR

Table 32: Europe 7-Year Perspective for Smart Buildings by
Component – Percentage Breakdown of Value Revenues for
Solutions and Services for the Years 2021 & 2027

Table 33: Europe Current & Future Analysis for Smart Buildings
by Building Type – Commercial, Industrial and Residential –
Independent Analysis of Annual Revenues in US$ Million for the
Years 2020 through 2027 and % CAGR

Table 34: Europe 7-Year Perspective for Smart Buildings by
Building Type – Percentage Breakdown of Value Revenues for
Commercial, Industrial and Residential for the Years 2021 &
2027

FRANCE
Table 35: France Current & Future Analysis for Smart Buildings
by Component – Solutions and Services – Independent Analysis of
Annual Revenues in US$ Million for the Years 2020 through 2027
and % CAGR

Table 36: France 7-Year Perspective for Smart Buildings by
Component – Percentage Breakdown of Value Revenues for
Solutions and Services for the Years 2021 & 2027

Table 37: France Current & Future Analysis for Smart Buildings
by Building Type – Commercial, Industrial and Residential –
Independent Analysis of Annual Revenues in US$ Million for the
Years 2020 through 2027 and % CAGR

Table 38: France 7-Year Perspective for Smart Buildings by
Building Type – Percentage Breakdown of Value Revenues for
Commercial, Industrial and Residential for the Years 2021 &
2027

GERMANY
Table 39: Germany Current & Future Analysis for Smart Buildings
by Component – Solutions and Services – Independent Analysis of
Annual Revenues in US$ Million for the Years 2020 through 2027
and % CAGR

Table 40: Germany 7-Year Perspective for Smart Buildings by
Component – Percentage Breakdown of Value Revenues for
Solutions and Services for the Years 2021 & 2027

Table 41: Germany Current & Future Analysis for Smart Buildings
by Building Type – Commercial, Industrial and Residential –
Independent Analysis of Annual Revenues in US$ Million for the
Years 2020 through 2027 and % CAGR

Table 42: Germany 7-Year Perspective for Smart Buildings by
Building Type – Percentage Breakdown of Value Revenues for
Commercial, Industrial and Residential for the Years 2021 &
2027

ITALY
Table 43: Italy Current & Future Analysis for Smart Buildings
by Component – Solutions and Services – Independent Analysis of
Annual Revenues in US$ Million for the Years 2020 through 2027
and % CAGR

Table 44: Italy 7-Year Perspective for Smart Buildings by
Component – Percentage Breakdown of Value Revenues for
Solutions and Services for the Years 2021 & 2027

Table 45: Italy Current & Future Analysis for Smart Buildings
by Building Type – Commercial, Industrial and Residential –
Independent Analysis of Annual Revenues in US$ Million for the
Years 2020 through 2027 and % CAGR

Table 46: Italy 7-Year Perspective for Smart Buildings by
Building Type – Percentage Breakdown of Value Revenues for
Commercial, Industrial and Residential for the Years 2021 &
2027

UNITED KINGDOM
Table 47: UK Current & Future Analysis for Smart Buildings by
Component – Solutions and Services – Independent Analysis of
Annual Revenues in US$ Million for the Years 2020 through 2027
and % CAGR

Table 48: UK 7-Year Perspective for Smart Buildings by
Component – Percentage Breakdown of Value Revenues for
Solutions and Services for the Years 2021 & 2027

Table 49: UK Current & Future Analysis for Smart Buildings by
Building Type – Commercial, Industrial and Residential –
Independent Analysis of Annual Revenues in US$ Million for the
Years 2020 through 2027 and % CAGR

Table 50: UK 7-Year Perspective for Smart Buildings by Building
Type – Percentage Breakdown of Value Revenues for Commercial,
Industrial and Residential for the Years 2021 & 2027

REST OF EUROPE
Table 51: Rest of Europe Current & Future Analysis for Smart
Buildings by Component – Solutions and Services – Independent
Analysis of Annual Revenues in US$ Million for the Years 2020
through 2027 and % CAGR

Table 52: Rest of Europe 7-Year Perspective for Smart Buildings
by Component – Percentage Breakdown of Value Revenues for
Solutions and Services for the Years 2021 & 2027

Table 53: Rest of Europe Current & Future Analysis for Smart
Buildings by Building Type – Commercial, Industrial and
Residential – Independent Analysis of Annual Revenues in US$
Million for the Years 2020 through 2027 and % CAGR

Table 54: Rest of Europe 7-Year Perspective for Smart Buildings
by Building Type – Percentage Breakdown of Value Revenues for
Commercial, Industrial and Residential for the Years 2021 &
2027

ASIA-PACIFIC
Table 55: Asia-Pacific Current & Future Analysis for Smart
Buildings by Component – Solutions and Services – Independent
Analysis of Annual Revenues in US$ Million for the Years 2020
through 2027 and % CAGR

Table 56: Asia-Pacific 7-Year Perspective for Smart Buildings
by Component – Percentage Breakdown of Value Revenues for
Solutions and Services for the Years 2021 & 2027

Table 57: Asia-Pacific Current & Future Analysis for Smart
Buildings by Building Type – Commercial, Industrial and
Residential – Independent Analysis of Annual Revenues in US$
Million for the Years 2020 through 2027 and % CAGR

Table 58: Asia-Pacific 7-Year Perspective for Smart Buildings
by Building Type – Percentage Breakdown of Value Revenues for
Commercial, Industrial and Residential for the Years 2021 &
2027

REST OF WORLD
Table 59: Rest of World Current & Future Analysis for Smart
Buildings by Component – Solutions and Services – Independent
Analysis of Annual Revenues in US$ Million for the Years 2020
through 2027 and % CAGR

Table 60: Rest of World 7-Year Perspective for Smart Buildings
by Component – Percentage Breakdown of Value Revenues for
Solutions and Services for the Years 2021 & 2027

Table 61: Rest of World Current & Future Analysis for Smart
Buildings by Building Type – Commercial, Industrial and
Residential – Independent Analysis of Annual Revenues in US$
Million for the Years 2020 through 2027 and % CAGR

Table 62: Rest of World 7-Year Perspective for Smart Buildings
by Building Type – Percentage Breakdown of Value Revenues for
Commercial, Industrial and Residential for the Years 2021 &
2027

IV. COMPETITION
Total Companies Profiled: 201
Read the full report: https://www.reportlinker.com/p06219542/?utm_source=GNW

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Artificial Intelligence

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

Published

3 hours ago

April 19, 2024

CISION (PR Newswire)

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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Artificial Intelligence

Risk Analytics Market worth $180.9 billion by 2029 – Exclusive Report by MarketsandMarkets™

Published

3 hours ago

April 19, 2024

CISION (PR Newswire)

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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Artificial Intelligence

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

Published

3 hours ago

April 19, 2024

CISION (PR Newswire)

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
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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
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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
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About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact: Mr. 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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Artificial Intelligence7 days ago

In-Depth Analysis of Germany and France Data Center Markets: Germany Poised to Contribute Over $12.24 Billion Opportunities in the Next 6 Years – Arizton