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United States Vertical Farming Markets, 2022-2026 by Value, Technology, Application, and Crop Type

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Dublin, Jan. 28, 2022 (GLOBE NEWSWIRE) — The “The US Vertical Farming Market: Size, Trends & Forecast with Impact Analysis of COVID-19 (2022-2026)” report has been added to ResearchAndMarkets.com’s offering.

The report provides an in depth analysis of the US vertical farming market by value, by technology, by application, by crop type, etc. The report also provides a detailed analysis of the COVID-19 impact on the US vertical farming market.

Vertical farming is a type of energy-intensive agricultural production system that uses big data analytics, robotics, the internet of things, artificial intelligence, and other technologies to allow crops to grow more efficiently.

The US vertical farming market can be divided into three segments: by technology (hydroponics, aeroponics, and aquaponics), by application (indoor vertical farming and outdoor vertical farming), and by crop type (tomato, lettuce, bell and chill peppers, herbs, leafy greens, strawberry, cucumber and other crops).

The US vertical farming market is projected to rise considerably in the next four years i.e. 2022-2026. The US vertical farming market is expected to rise due to increasing population, arable land loss, environmental sustainability, lower labor costs, higher year round yield, and efficient crop monitoring and harvesting. The market also faces some challenges like lack of technically skilled labor, and high start up costs.

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The report also assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry. Growth of the US vertical farming market has also been forecasted for the period 2022-2026, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.

The US vertical farming market is fragmented with the presence of many major players. The key players of the market: AeroFarns, Bowery Farming, Plenty, and Gotham Greens are also profiled with their respective business strategies.

Key Topics Covered:

1. Executive Summary

2. Introduction
2.1 Agriculture: An Overview
2.1.1 Types of Farming
2.2 Vertical Farming: An Overview
2.2.1 Benefits of Vertical Farming
2.2.2 Types of Vertical Farming
2.2.3 Processes Under Vertical Farming
2.2.4 Difference Between Traditional, Greenhouse and Vertical Farming
2.3 Vertical Farming Segmentation: An Overview
2.3.1 Vertical Farming Segmentation
2.3.1 Vertical Farming Segmentation by Crop Type

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3. The US Market Analysis
3.1 The US vertical farming Market: An Analysis
3.1.1 The US Vertical Farming Market by Value
3.1.2 The US Vertical Farming Market by Technology (Hydroponics, Aeroponics and Aquaponics)
3.1.3 The US Vertical Farming Market by Application (Indoor and Outdoor)
3.1.4 The US Vertical Farming Market by Crop Type (Tomato, Lettuce, Bell and Chill Peppers, Herbs, Leafy Greens (Excluding Lettuce), Strawberry, Cucumber and Other Crops)
3.2 The US Vertical Farming Market: Technology Analysis
3.2.1 The US Hydroponics Vertical Farming Market by Value
3.2.2 The US Aeroponics Vertical Farming Market by Value
3.2.3 The US Aquaponics Vertical Farming Market by Value
3.3 The US Vertical Farming Market: Application Analysis
3.3.1 The US Indoor Vertical Farming Market by Value
3.3.2 The US Outdoor Vertical Farming Market by Value
3.4 The US Vertical Farming Market: Crop Type Analysis
3.4.1 The US Tomato Vertical Farming Market by Value
3.4.2 The US Lettuce Vertical Farming Market by Value
3.4.3 The US Bell and Chill Peppers Vertical Farming Market by Value
3.4.4 The US Herbs Vertical Farming Market by Value
3.4.5 The US Leafy Greens (Excluding Lettuce) Vertical Farming Market by Value
3.4.6 The US Strawberry Vertical Farming Market by Value
3.4.7 The US Cucumber Vertical Farming Market by Value
3.4.8 The US Other Crops Vertical Farming Market by Value

4. Impact of COVID-19
4.1 Impact of COVID-19
4.1.1 Impact of COVID-19 on the US Vertical Farming Market

5. Market Dynamics
5.1 Growth Drivers
5.1.1 Increasing Population
5.1.2 Arable Land Loss
5.1.3 Environmental Sustainability
5.1.4 Lower Labor Costs
5.1.5 Higher Year Round Yield
5.1.6 Efficient Crop Monitoring and Harvesting
5.2 Challenges
5.2.1 Lack of Technically Skilled Labor
5.2.2 High Start Up Costs
5.3 Market Trends
5.3.1 LED (Lightning The Enabling) Technology
5.3.2 Use Of Artificial Intelligence and Machine Learning in Agriculture
5.3.3 Rising Demand for Organic Food
5.3.4 Hybrid Farms and Other New Technologies

6. Competitive Landscape
6.1 The US Vertical Farming Market Players: Production Landscape
6.2 The US Vertical Farming Market Players: Product Offerings

7. Company Profiles
7.1 Business Overview
7.2 Business Strategy

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  • AeroFarms
  • Bowery Farming, Inc.
  • Plenty
  • Gotham Greens

For more information about this report visit https://www.researchandmarkets.com/r/ew9zh4


GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Artificial Intelligence

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

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

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

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Artificial Intelligence

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

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

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

Jacobi releases Model Portfolio Tech to help investment firms capitalise on booming opportunity

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

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