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Global In-Flight Catering Services Market to Reach $21.5 Billion by 2024

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New York, April 26, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global In-Flight Catering Services Industry” – https://www.reportlinker.com/p04838522/?utm_source=GNW
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Global In-Flight Catering Services Market to Reach $21.5 Billion by 2024

In-flight catering service relates to the provision of meals and other food to passengers that are present on the flight. The catering service is contracted by a catering group run by the airline or any other catering contractor or by a hotel`s catering group. In-flight catering service is considered to be a critical service provided by airline companies to passengers, for enhancing their overall travel experience, and thereby gain greater share of the market. While a majority of airline carriers typically offer bread roll; vegetable or salad; fish, chicken, or beef; and a dessert, others provide more specific meals, including religious diets, medical diets, meals for babies and infants, and various types of cultural diets. Amid the COVID-19 crisis, the global market for In-Flight Catering Services is projected to reach a revised size of US$21.5 Billion by 2024, registering a compounded annual growth rate (CAGR) of 4.6% over the analysis period. Europe represents the largest regional market for In-Flight Catering Services, accounting for an estimated 27.1% share of the global total. The market is projected to reach US$5.7 Billion by the close of the analysis period. China is expected to spearhead growth and emerge as the fastest growing regional market with a CAGR of 6.6% over the analysis period.

The global market for in-flight catering services is driven by booming air travel and the corresponding increase in passenger traffic, and enhanced focus on choice, quality and consistency supported by innovation in bringing about the best quality meals on-board. The market is mainly being driven by the robust increase in the number of people travelling by air globally for tourism and business, increase in non-stop and long-haul flights, and improving global economy. While traditionally the aviation industry benefited from business travels, rise in number of air travelers on leisure/pleasure trips, international tourism, growth in student travel under student exchange programs, global sports meets and growing popularity of medical tourism are also contributing to the significant increase in air traffic and hence fueling demand for airline catering. Fast paced urbanization and resultant increase in migrant population is also driving increased passenger traffic between major business centers and towns, representing a major growth driver for the inflight catering services market. Asia-Pacific and China represent key markets, led by rising number of high net worth individuals (HNWIs) as well as expanding middle class income group with increased discretionary spending; rapid urbanization; increasing international travel and tourism, and rising standard of living to complement aspirational travelling are factors poised to drive growth in the region. North America is another key in-flight catering service market, supported by the increase in the number of flyers travelling for tourism and business. Given the higher disposable incomes of people, air travelers in the region spend significantly on on-board catering.
Select Competitors (Total 73 Featured) –

  • AAS Catering Co., Ltd.
  • Abby`s Catering
  • ANA Catering Service Co., Ltd.
  • Brahim`s SATS Food Services Sdn Bhd
  • Cathay Pacific Catering Services (H.K.) Ltd.
  • dnata
  • Emirates Flight Catering Co., LLC
  • Gate Gourmet
  • KLM Catering Services Schiphol BV
  • LSG Lufthansa Service Holding AG
  • LSG Sky Chefs
  • Newrest Group International S.A.S
  • Royal In-Flight Catering Co., Ltd.
  • SATS Limited
  • Saudi Airlines Catering Company

Read the full report: https://www.reportlinker.com/p04838522/?utm_source=GNW

I. METHODOLOGY

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II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
Influencer Market Insights
World Market Trajectories
Impact of Covid-19 and a Looming Global Recession
In-Flight Catering Services: A Prelude
Historical Background
Key Stakeholders
Architecture of In-Flight Catering System
In-Flight Catering Services: Providing Quality, Fresh and
Delicious Food to Air Passengers
Low Cost Carriers to Gain Greater Market Share
Economy Class Drives Market Growth
Air Passengers Exhibit Preference for Meals
In-Flight Catering: One of the Most Dynamic Segments in the
Catering Industry
Inflight Catering: Major Trends Summarized
Airline Catering: From Simple Fare Comprising Biscuits to
Elaborate Multiple Meal Option Menus
Quieter Airplanes Make it Easy to Savor In-Flight Meals
Food Services for Premium Cabins Similar to Top Restaurants on
the Ground
Advent of Cultural and Religious Diets
Complimentary and Paid Multiple-Course Meals
Popular Food, Beverage and Culinary Trends in Airline Catering
Locally Procured Food: The New Flavor of the Season
Vegetables Take Center Stage
Adding Spice to Food
Hawaiian Food Going Places
Healthier Breakfast Options
Branded Farm Produce
New Meat Cuts
Stuffed Items Gain Popularity
Signature & High Class Cocktails
Seafood
Fast Food
Packaged Popcorn
Best Coffee Onboard
Craft Beer
Seasonal Food Items for Holiday Travelers
Spices and Herbs Replace Artificial Additives and Salt
Foods from Home/Destination Country
Nutritious Food Onboard: A Major Attraction for Health
Conscious Customers
Few Other Airline Food & Catering Trends in a Nutshell
All Things Significant about Food Served in Flights across the
World
Major Aspects of Aircraft Food
Emerging Economies to Propel Future Growth in In-Flight
Catering Services Market
Economic and Demographic Fundamentals Support Market Growth
Global Economic Outlook: Real GDP Growth Rates in % by Country/
Region for the Years 2018 through 2020
Fastest Growing Economies Worldwide over the Period 2016-2050:
Annual Average Real GDP Growth (%) for Select Developing
Economies
Major Market Challenges Summarized
In-Flight Catering Services – Global Key Competitors Percentage
Market Share in 2022 (E)
In-Flight Catering Services: An Intensely Competitive Marketplace
In-Flight Catering Services Competitor Market Share Scenario
Worldwide (in %): 2019
gategroup and LSG Sky Chefs: Two Global Leading In-Flight Caterers
Leading Airlines for In-Flight Meals
British Airways: Managing Growing Competition through Novel
Offerings
Emirates Group: Transforming from a Regional Leader to a
Globally Recognized Brand
Cathay Pacific’s New Catering Model for Business Class
Passengers Speeds up Service
Airport Catering Services Market Continues to Witness M&A Activity
gategroup’s Acquisition of LSG’s European Operations: A Major
Development in Airline Catering Market
Major Mergers and Acquisitions in In-Flight Catering Market:
(2010-2019)
Partnerships between In-Flight Catering Companies and Airlines
on the Rise
Strategies Adopted by Leading Airlines/Catering Service Providers
In-Flight Meal Experience Plays Major Role in Airline Branding
Matching Consumer Expectations: Difficult but Essential
Airlines Strike Balance between Catering Costs and Brand Image
Airlines Extend Premium-Quality Foods to Non-First Class
Passengers
Large Airlines Focus on Lean Operations, Shed Catering Units
Novel Concepts in Production, Material & Process Management
Regulatory Forces Keep Close Watch
Catering & Logistics: The Most Essential Combination for Caterers
Competitive Market Presence – Strong/Active/Niche/Trivial for
Players Worldwide in 2022 (E)

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS
Surge in Air Travel and the Corresponding Increase in Passenger
Traffic Drive Healthy Growth in Demand for In-Flight Catering
Services
Annual Air Passenger Traffic (in Millions) Worldwide by
Country: 2010-2018
Global Passenger Air Traffic Revenues (in US$ Billion): 2010-2019
Global Annual Air Traffic in Trillion RPK (Revenue Passenger
Kilometer) for the Period 1975 to 2038
Projected Growth in Global Airline Traffic (RPK) by Geographic
Region: 2018-2038
Stable Commercial Aviation Outlook Signals Growth Opportunities
for Airline Catering
Global Commercial Aircraft Fleet Projections: Breakdown of
Fleet (in Units) by Region for 2018 and 2038
Ground Handling Services: The Backbone of In-Flight Catering
Growing International Tourism and Consequent Rise in Air Travel
to Benefit In-Flight Catering Market
Europe Captures Largest Share of International Tourist
Arrivals: Breakdown of International Tourist Arrivals (in %)
by Region for 2018
Air Travel Dominates International Tourism Industry: Breakdown
of Tourism Market (in %) by Mode of Transportation for 2000
and 2018
Booming Outbound Travels of Chinese Millennial Population to
Benefit Growth Prospects for In-Flight Catering
Top Spenders Worldwide on Outbound Travel: Breakdown of Travel
Expenditure (US$ Billion) by Country for 2018
Increasing Pressure to Reduce Costs Favor In-flight Catering
Outsourcing
Shift from Complimentary Meals to ?Buy on Board’ Transforms In-
Flight Catering from Free Service Offering to a Revenue Model
Low-Cost Carriers Boost the ?Buy on Board? Segment of Travel
Retail
Local Touch to Buy-On-Board Catering
Culturally Diverse Food Preferences Spur Growth in Demand for
Special Meals
Mobile-Based Ordering and Pre-Ordering Takes Off
Pre-ordered Meals at Airport Restaurants
Pre-Ordered Meals before Flights
Paid Pre-order Meals Still Not Flying
Dietary Restrictions and Food Allergies: The Main
Considerations for Airlines When Deciding Menus
Demand Surges for Healthy and High Quality Food
Mini Meals: The Latest Fad for the Health Conscious Airline
Traveler
Rising Airline-Hotel Collaborations Benefit Market Prospects
Enduring Trend of Environmental Sustainability Augurs Well for
Long Term Growth of In-Flight Catering
Air Travel Plastic Waste Increasing Steadily: A Major Concern
Use of Plastic in In-Flight Catering Raises Carbon Emission
Concerns
Major Airlines Undertake Sustainability Initiatives to Address
Climate Change
Focus on Environmental Conservation and Cabin Waste Reduction
Influence Packaging of Inflight Meals
Innovative Airline Amenity Ideas from PriestmanGoode
Edible Cups of Air New Zealand
SAS Unveils New, Sustainable Packaging of New Nordic Food Concept
SunExpress Germany Offers Meals in Recyclable, Bio-packaging
SIA Embarking on New Onboard Sustainability Initiatives
The Bring-your-Own-Cup Trend Catching Up in the Air Travel
Industry
Airlines Caterers Prepare to Meet Challenges Posed by
Increasing Numbers of Aging Air Travelers
Breakdown of Number of People Aged 65+ Years in Million by
Geographic Region for the Years 2019 and 2030
Emerging Middle Class & Rapid Urbanization: Megatrends Driving
Air Travel & Airline Catering
Global Middle Class Population (In Million) by Region for the
Years 2020, 2025 and 2030
Global Middle Class Spending (US$ Trillion) by Region for the
Years 2020, 2025, 2030
Middle Class Households as a Percentage (%) of Total Households
for Select Countries: 2008, 2018, 2024, 2030, 2036
World Urban Population in Thousands: 1950-2050P
Degree of Urbanization Worldwide: Urban Population as a % of
Total Population by Geographic Region for the Years 1950,
1970, 1990, 2018, 2030 and 2050
Innovations, Advancements and Service Enhancements
The Vertical Farm of Emirates
Lufthansa’s Astronauts’ Meals
Airborne Cooking Robot
Data Science and Artificial Intelligence by Airlines for
Improved Food Supply and Sales
Sous-Vide Cooking Process from Cuisine Solutions
On-Demand Food Service for Enhanced Travel Experience
Meal Ordering Devices (MODs) for Taking Orders
Automated In-Flight Catering Management Solutions
Hybrid Model: The Next Big Thing in Airline Catering
Food Trucks
Onboard Picnic Services
Deep Frozen Meals
Key Challenges Facing In-Flight Catering Market

4. GLOBAL MARKET PERSPECTIVE
Table 1: World Recent Past, Current & Future Analysis for
In-Flight Catering Services by Geographic Region – USA, Canada,
Japan, China, Europe, Asia-Pacific, Latin America, Middle East
and Africa Markets – Independent Analysis of Annual Sales in
US$ Million for Years 2020 through 2027 and % CAGR

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Table 2: World Historic Review for In-Flight Catering Services
by Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2012 through 2019 and % CAGR

Table 3: World 15-Year Perspective for In-Flight Catering
Services by Geographic Region – Percentage Breakdown of Value
Sales for USA, Canada, Japan, China, Europe, Asia-Pacific,
Latin America, Middle East and Africa Markets for Years 2012,
2021 & 2027

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

Table 5: World Historic Review for Economy Class by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America, Middle East and Africa Markets – Independent Analysis
of Annual Sales in US$ Million for Years 2012 through 2019 and
% CAGR

Table 6: World 15-Year Perspective for Economy Class by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2012, 2021 & 2027

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

Table 8: World Historic Review for Business Class by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America, Middle East and Africa Markets – Independent Analysis
of Annual Sales in US$ Million for Years 2012 through 2019 and
% CAGR

Table 9: World 15-Year Perspective for Business Class by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2012, 2021 & 2027

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

Table 11: World Historic Review for First Class by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America, Middle East and Africa Markets – Independent Analysis
of Annual Sales in US$ Million for Years 2012 through 2019 and
% CAGR

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Table 12: World 15-Year Perspective for First Class by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2012, 2021 & 2027

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

Table 14: World Historic Review for Full Service by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America, Middle East and Africa Markets – Independent Analysis
of Annual Sales in US$ Million for Years 2012 through 2019 and
% CAGR

Table 15: World 15-Year Perspective for Full Service by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2012, 2021 & 2027

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

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Table 17: World Historic Review for Low Cost by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America, Middle East and Africa Markets – Independent Analysis
of Annual Sales in US$ Million for Years 2012 through 2019 and
% CAGR

Table 18: World 15-Year Perspective for Low Cost by Geographic
Region – Percentage Breakdown of Value Sales for USA, Canada,
Japan, China, Europe, Asia-Pacific, Latin America, Middle East
and Africa for Years 2012, 2021 & 2027

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

Table 20: World Historic Review for Meals by Geographic Region –
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America, Middle East and Africa Markets – Independent Analysis
of Annual Sales in US$ Million for Years 2012 through 2019 and
% CAGR

Table 21: World 15-Year Perspective for Meals by Geographic
Region – Percentage Breakdown of Value Sales for USA, Canada,
Japan, China, Europe, Asia-Pacific, Latin America, Middle East
and Africa for Years 2012, 2021 & 2027

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

Table 23: World Historic Review for Bakery & Confectionery by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2012 through 2019 and % CAGR

Table 24: World 15-Year Perspective for Bakery & Confectionery
by Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2012, 2021 & 2027

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

Table 26: World Historic Review for Beverages by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America, Middle East and Africa Markets – Independent Analysis
of Annual Sales in US$ Million for Years 2012 through 2019 and
% CAGR

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Table 27: World 15-Year Perspective for Beverages by Geographic
Region – Percentage Breakdown of Value Sales for USA, Canada,
Japan, China, Europe, Asia-Pacific, Latin America, Middle East
and Africa for Years 2012, 2021 & 2027

Table 28: World Recent Past, Current & Future Analysis for
Other Food Types by Geographic Region – USA, Canada, Japan,
China, Europe, Asia-Pacific, Latin America, Middle East and
Africa Markets – Independent Analysis of Annual Sales in US$
Million for Years 2020 through 2027 and % CAGR

Table 29: World Historic Review for Other Food Types by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2012 through 2019 and % CAGR

Table 30: World 15-Year Perspective for Other Food Types by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2012, 2021 & 2027

III. MARKET ANALYSIS

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UNITED STATES
In-Flight Catering Services Market Presence – Strong/Active/
Niche/Trivial – Key Competitors in the United States for 2022
(E)
In-flight Catering Services Market in the US: Poised for Stable
Growth
Improving Commercial Aviation Sector to Benefit Demand Prospects
Annual Air Passenger Traffic (Millions) in the US: 2010-2018
Increasingly Choosy Food Habits of Air Travelers Drive Growth
in the Matured US Market
In-Flight Food Takes the Healthy Route
Willingness of Consumers to Pay Extra for On-Board Meals Bodes
Well for the Market
North American Airlines Adopt New Approach towards In-Flight Food
Lean Manufacturing Leads the Way
In-Fight Catering: Localization and Personalization Assumes
Importance
DIY Catering Comes to Rescue in Remote Locations
Lack of Adequate Safety Precautions in Airline: A Major Cause
of Concern
Table 31: USA Recent Past, Current & Future Analysis for
In-Flight Catering Services by Aircraft Class – Economy Class,
Business Class and First Class – Independent Analysis of Annual
Sales in US$ Million for the Years 2020 through 2027 and % CAGR

Table 32: USA Historic Review for In-Flight Catering Services
by Aircraft Class – Economy Class, Business Class and First
Class Markets – Independent Analysis of Annual Sales in US$
Million for Years 2012 through 2019 and % CAGR

Table 33: USA 15-Year Perspective for In-Flight Catering
Services by Aircraft Class – Percentage Breakdown of Value
Sales for Economy Class, Business Class and First Class for the
Years 2012, 2021 & 2027

Table 34: USA Recent Past, Current & Future Analysis for
In-Flight Catering Services by Flight Type – Full Service and
Low Cost – Independent Analysis of Annual Sales in US$ Million
for the Years 2020 through 2027 and % CAGR

Table 35: USA Historic Review for In-Flight Catering Services
by Flight Type – Full Service and Low Cost Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2012 through 2019 and % CAGR

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Table 36: USA 15-Year Perspective for In-Flight Catering
Services by Flight Type – Percentage Breakdown of Value Sales
for Full Service and Low Cost for the Years 2012, 2021 & 2027

Table 37: USA Recent Past, Current & Future Analysis for
In-Flight Catering Services by Food Type – Meals, Bakery &
Confectionery, Beverages and Other Food Types – Independent
Analysis of Annual Sales in US$ Million for the Years 2020
through 2027 and % CAGR

Table 38: USA Historic Review for In-Flight Catering Services
by Food Type – Meals, Bakery & Confectionery, Beverages and
Other Food Types Markets – Independent Analysis of Annual Sales
in US$ Million for Years 2012 through 2019 and % CAGR

Table 39: USA 15-Year Perspective for In-Flight Catering
Services by Food Type – Percentage Breakdown of Value Sales for
Meals, Bakery & Confectionery, Beverages and Other Food Types
for the Years 2012, 2021 & 2027

CANADA
Healthy Rise in Air Passenger Traffic Fuels Market Growth
Annual Air Passenger Traffic (Millions) in Canada: 2010-2018
Table 40: Canada Recent Past, Current & Future Analysis for
In-Flight Catering Services by Aircraft Class – Economy Class,
Business Class and First Class – Independent Analysis of Annual
Sales in US$ Million for the Years 2020 through 2027 and % CAGR

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Table 41: Canada Historic Review for In-Flight Catering
Services by Aircraft Class – Economy Class, Business Class and
First Class Markets – Independent Analysis of Annual Sales in
US$ Million for Years 2012 through 2019 and % CAGR

Table 42: Canada 15-Year Perspective for In-Flight Catering
Services by Aircraft Class – Percentage Breakdown of Value
Sales for Economy Class, Business Class and First Class for the
Years 2012, 2021 & 2027

Table 43: Canada Recent Past, Current & Future Analysis for
In-Flight Catering Services by Flight Type – Full Service and
Low Cost – Independent Analysis of Annual Sales in US$ Million
for the Years 2020 through 2027 and % CAGR

Table 44: Canada Historic Review for In-Flight Catering
Services by Flight Type – Full Service and Low Cost Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2012 through 2019 and % CAGR

Table 45: Canada 15-Year Perspective for In-Flight Catering
Services by Flight Type – Percentage Breakdown of Value Sales
for Full Service and Low Cost for the Years 2012, 2021 & 2027

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Table 46: Canada Recent Past, Current & Future Analysis for
In-Flight Catering Services by Food Type – Meals, Bakery &
Confectionery, Beverages and Other Food Types – Independent
Analysis of Annual Sales in US$ Million for the Years 2020
through 2027 and % CAGR

Table 47: Canada Historic Review for In-Flight Catering
Services by Food Type – Meals, Bakery & Confectionery,
Beverages and Other Food Types Markets – Independent Analysis
of Annual Sales in US$ Million for Years 2012 through 2019 and
% CAGR

Table 48: Canada 15-Year Perspective for In-Flight Catering
Services by Food Type – Percentage Breakdown of Value Sales for
Meals, Bakery & Confectionery, Beverages and Other Food Types
for the Years 2012, 2021 & 2027

JAPAN
In-Flight Catering Services Market Presence – Strong/Active/
Niche/Trivial – Key Competitors in Japan for 2022 (E)
Growing Preference for Culture-Specific Meals Sustain Market
Growth
Annual Air Passenger Traffic (Millions) in Japan: 2010-2018
Table 49: Japan Recent Past, Current & Future Analysis for
In-Flight Catering Services by Aircraft Class – Economy Class,
Business Class and First Class – Independent Analysis of Annual
Sales in US$ Million for the Years 2020 through 2027 and % CAGR

Table 50: Japan Historic Review for In-Flight Catering Services
by Aircraft Class – Economy Class, Business Class and First
Class Markets – Independent Analysis of Annual Sales in US$
Million for Years 2012 through 2019 and % CAGR

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Table 51: Japan 15-Year Perspective for In-Flight Catering
Services by Aircraft Class – Percentage Breakdown of Value
Sales for Economy Class, Business Class and First Class for the
Years 2012, 2021 & 2027

Table 52: Japan Recent Past, Current & Future Analysis for
In-Flight Catering Services by Flight Type – Full Service and
Low Cost – Independent Analysis of Annual Sales in US$ Million
for the Years 2020 through 2027 and % CAGR

Table 53: Japan Historic Review for In-Flight Catering Services
by Flight Type – Full Service and Low Cost Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2012 through 2019 and % CAGR

Table 54: Japan 15-Year Perspective for In-Flight Catering
Services by Flight Type – Percentage Breakdown of Value Sales
for Full Service and Low Cost for the Years 2012, 2021 & 2027

Table 55: Japan Recent Past, Current & Future Analysis for
In-Flight Catering Services by Food Type – Meals, Bakery &
Confectionery, Beverages and Other Food Types – Independent
Analysis of Annual Sales in US$ Million for the Years 2020
through 2027 and % CAGR

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Table 56: Japan Historic Review for In-Flight Catering Services
by Food Type – Meals, Bakery & Confectionery, Beverages and
Other Food Types Markets – Independent Analysis of Annual Sales
in US$ Million for Years 2012 through 2019 and % CAGR

Table 57: Japan 15-Year Perspective for In-Flight Catering
Services by Food Type – Percentage Breakdown of Value Sales for
Meals, Bakery & Confectionery, Beverages and Other Food Types
for the Years 2012, 2021 & 2027

CHINA
In-Flight Catering Services Market Presence – Strong/Active/
Niche/Trivial – Key Competitors in China for 2022 (E)
Surging Demand for Air Travel Spurs Growth in Chinese In-Flight
Catering Services
Annual Air Passenger Traffic (Millions) in China: 2010-2018
Rapid Market Development Results in Fierce Competition
Strategies to Drive Growth in China’s In-Flight Catering Market
Reducing Cost of Catering Operations
Local Characteristics, Chinese-Style Catering
Creating Healthy and Safety Atmosphere for Aviation Compound Food
Developing People-Oriented Service with Focus on Tourists
Table 58: China Recent Past, Current & Future Analysis for
In-Flight Catering Services by Aircraft Class – Economy Class,
Business Class and First Class – Independent Analysis of Annual
Sales in US$ Million for the Years 2020 through 2027 and % CAGR

Table 59: China Historic Review for In-Flight Catering Services
by Aircraft Class – Economy Class, Business Class and First
Class Markets – Independent Analysis of Annual Sales in US$
Million for Years 2012 through 2019 and % CAGR

Table 60: China 15-Year Perspective for In-Flight Catering
Services by Aircraft Class – Percentage Breakdown of Value
Sales for Economy Class, Business Class and First Class for the
Years 2012, 2021 & 2027

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Table 61: China Recent Past, Current & Future Analysis for
In-Flight Catering Services by Flight Type – Full Service and
Low Cost – Independent Analysis of Annual Sales in US$ Million
for the Years 2020 through 2027 and % CAGR

Table 62: China Historic Review for In-Flight Catering Services
by Flight Type – Full Service and Low Cost Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2012 through 2019 and % CAGR

Table 63: China 15-Year Perspective for In-Flight Catering
Services by Flight Type – Percentage Breakdown of Value Sales
for Full Service and Low Cost for the Years 2012, 2021 & 2027

Table 64: China Recent Past, Current & Future Analysis for
In-Flight Catering Services by Food Type – Meals, Bakery &
Confectionery, Beverages and Other Food Types – Independent
Analysis of Annual Sales in US$ Million for the Years 2020
through 2027 and % CAGR

Table 65: China Historic Review for In-Flight Catering Services
by Food Type – Meals, Bakery & Confectionery, Beverages and
Other Food Types Markets – Independent Analysis of Annual Sales
in US$ Million for Years 2012 through 2019 and % CAGR

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Table 66: China 15-Year Perspective for In-Flight Catering
Services by Food Type – Percentage Breakdown of Value Sales for
Meals, Bakery & Confectionery, Beverages and Other Food Types
for the Years 2012, 2021 & 2027

EUROPE
In-Flight Catering Services Market Presence – Strong/Active/
Niche/Trivial – Key Competitors in Europe for 2022 (E)
Growing Demand for New Airplanes to Benefit Market Growth
Annual Air Passenger Traffic (Millions) in Select European
Countries: 2010-2018
Commercial Aircraft Projections in Europe: Breakdown of Fleet
(Units) by Type for 2018 and 2038
European Airlines Offer Buy-On-Board Services
Impact of Reorganized EU VAT System on In-Flight Catering
Services in Europe
Table 67: Europe Recent Past, Current & Future Analysis for
In-Flight Catering Services by Geographic Region – France,
Germany, Italy, UK, Spain, Russia and Rest of Europe Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2020 through 2027 and % CAGR

Table 68: Europe Historic Review for In-Flight Catering
Services by Geographic Region – France, Germany, Italy, UK,
Spain, Russia and Rest of Europe Markets – Independent Analysis
of Annual Sales in US$ Million for Years 2012 through 2019 and
% CAGR

Table 69: Europe 15-Year Perspective for In-Flight Catering
Services by Geographic Region – Percentage Breakdown of Value
Sales for France, Germany, Italy, UK, Spain, Russia and Rest of
Europe Markets for Years 2012, 2021 & 2027

Table 70: Europe Recent Past, Current & Future Analysis for
In-Flight Catering Services by Aircraft Class – Economy Class,
Business Class and First Class – Independent Analysis of Annual
Sales in US$ Million for the Years 2020 through 2027 and % CAGR

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Table 71: Europe Historic Review for In-Flight Catering
Services by Aircraft Class – Economy Class, Business Class and
First Class Markets – Independent Analysis of Annual Sales in
US$ Million for Years 2012 through 2019 and % CAGR

Table 72: Europe 15-Year Perspective for In-Flight Catering
Services by Aircraft Class – Percentage Breakdown of Value
Sales for Economy Class, Business Class and First Class for the
Years 2012, 2021 & 2027

Table 73: Europe Recent Past, Current & Future Analysis for
In-Flight Catering Services by Flight Type – Full Service and
Low Cost – Independent Analysis of Annual Sales in US$ Million
for the Years 2020 through 2027 and % CAGR

Table 74: Europe Historic Review for In-Flight Catering
Services by Flight Type – Full Service and Low Cost Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2012 through 2019 and % CAGR

Table 75: Europe 15-Year Perspective for In-Flight Catering
Services by Flight Type – Percentage Breakdown of Value Sales
for Full Service and Low Cost for the Years 2012, 2021 & 2027

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Table 76: Europe Recent Past, Current & Future Analysis for
In-Flight Catering Services by Food Type – Meals, Bakery &
Confectionery, Beverages and Other Food Types – Independent
Analysis of Annual Sales in US$ Million for the Years 2020
through 2027 and % CAGR

Table 77: Europe Historic Review for In-Flight Catering
Services by Food Type – Meals, Bakery & Confectionery,
Beverages and Other Food Types Markets – Independent Analysis
of Annual Sales in US$ Million for Years 2012 through 2019 and
% CAGR

Table 78: Europe 15-Year Perspective for In-Flight Catering
Services by Food Type – Percentage Breakdown of Value Sales for
Meals, Bakery & Confectionery, Beverages and Other Food Types
for the Years 2012, 2021 & 2027

FRANCE
In-Flight Catering Services Market Presence – Strong/Active/
Niche/Trivial – Key Competitors in France for 2022 (E)
Table 79: France Recent Past, Current & Future Analysis for
In-Flight Catering Services by Aircraft Class – Economy Class,
Business Class and First Class – Independent Analysis of Annual
Sales in US$ Million for the Years 2020 through 2027 and % CAGR

Table 80: France Historic Review for In-Flight Catering
Services by Aircraft Class – Economy Class, Business Class and
First Class Markets – Independent Analysis of Annual Sales in
US$ Million for Years 2012 through 2019 and % CAGR

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Table 81: France 15-Year Perspective for In-Flight Catering
Services by Aircraft Class – Percentage Breakdown of Value
Sales for Economy Class, Business Class and First Class for the
Years 2012, 2021 & 2027

Table 82: France Recent Past, Current & Future Analysis for
In-Flight Catering Services by Flight Type – Full Service and
Low Cost – Independent Analysis of Annual Sales in US$ Million
for the Years 2020 through 2027 and % CAGR

Table 83: France Historic Review for In-Flight Catering
Services by Flight Type – Full Service and Low Cost Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2012 through 2019 and % CAGR

Table 84: France 15-Year Perspective for In-Flight Catering
Services by Flight Type – Percentage Breakdown of Value Sales
for Full Service and Low Cost for the Years 2012, 2021 & 2027

Table 85: France Recent Past, Current & Future Analysis for
In-Flight Catering Services by Food Type – Meals, Bakery &
Confectionery, Beverages and Other Food Types – Independent
Analysis of Annual Sales in US$ Million for the Years 2020
through 2027 and % CAGR

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Table 86: France Historic Review for In-Flight Catering
Services by Food Type – Meals, Bakery & Confectionery,
Beverages and Other Food Types Markets – Independent Analysis
of Annual Sales in US$ Million for Years 2012 through 2019 and
% CAGR

Table 87: France 15-Year Perspective for In-Flight Catering
Services by Food Type – Percentage Breakdown of Value Sales for
Meals, Bakery & Confectionery, Beverages and Other Food Types
for the Years 2012, 2021 & 2027

GERMANY
In-Flight Catering Services Market Presence – Strong/Active/
Niche/Trivial – Key Competitors in Germany for 2022 (E)
Table 88: Germany Recent Past, Current & Future Analysis for
In-Flight Catering Services by Aircraft Class – Economy Class,
Business Class and First Class – Independent Analysis of Annual
Sales in US$ Million for the Years 2020 through 2027 and % CAGR

Table 89: Germany Historic Review for In-Flight Catering
Services by Aircraft Class – Economy Class, Business Class and

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Artificial Intelligence

Puyi Fund, Managed by Highest Performances Holdings Inc., Surpasses RMB 24.0 Billion in Assets under Advice, Showing Promising Start to Strategic Transformation

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GUANGZHOU, China, June 25, 2024 /PRNewswire/ — Highest Performances Holdings Inc. (“HPH” or the Group, NASDAQ: HPH), announces that its Puyi Fund’s assets under advice for its asset allocation services reached RMB 24.7 billion as of June 21, 2024, reflecting a remarkable year-on-year growth of 188%. This substantial increase in scale showcases significant growth for the fund.

This accomplishment is primarily attributed to the Puyi Fund’s service philosophy, “long-term commitment to clients and clients’ long-term benefits,” introduced in 2023, as well as the ongoing efforts of the Company in adjusting its product strategy and embracing digital transformation. On one hand, the Company implemented a comprehensive family wealth management account system, redirecting its flagship products towards fixed-income funds and fund portfolios to enhance clients’ perception of wealth acquisition. On the other hand, the Company has elevated its overall service standard through digital transformation, greatly improving the client’s investment experience.
Transforming Product Strategy to Maximize Client Returns
In relation to product strategy transformation, Puyi Fund offers investors a comprehensive solution for managing their family wealth through a scientific approach. This solution guides investors in allocating their investment assets across three types of accounts: Flexible Withdrawal Accounts, Stable Appreciation Accounts, and High-Yield Pursuit Accounts. By considering various market conditions and cycles, investors can make informed decisions on how to distribute their funds among these accounts through a scientific approach for achieving risk mitigation, consistent asset growth, and long-term sustainable investment returns.
Taking into account the prevailing market conditions in China, Puyi Fund advises investors to allocate 25% to 90% of their funds to Stable Appreciation Accounts, depending on their risk tolerance. These accounts primarily involve investing in fixed-income funds, providing investors with consistent and reliable expected returns. By employing the stable appreciation strategy, Puyi Fund aims to restore investors’ confidence in the market, leading to increased trust and recognition. Consequently, Puyi Fund has experienced a period of rapid growth and positive development.
An analysis of data from the Chinese mutual fund market highlights the alignment of Puyi Fund’s client-centric product strategy transformation with market demands. According to Wind data, the market value of the Chinese mutual fund market stood at RMB 25.45 trillion at the end of 2021. By the end of May 2024, this amount grew to RMB 29.09 trillion, representing an increase of RMB 3.64 trillion or 14.30%. The value of equity and hybrid funds, however, experienced a decline from RMB 8.54 trillion to RMB 6.34 trillion, marking a decrease of RMB 2.21 trillion. In contrast, bond funds and money market funds collectively witnessed a significant increase of RMB 5.69 trillion. These market trends suggest that Chinese fund investors are shifting their risk preferences towards lower-risk and higher-certainty assets. Puyi Fund’s strategic transformation is well-positioned to take advantage of this evolving trend.
Enhancing Digital Service Innovation with a Focus on Client Service
In its digital transformation efforts, Puyi Fund places a strong emphasis on “client-centricity” and “service excellence”. By harnessing the power of big data, algorithm mining, and the Sensor Intelligent System, Puyi Fund establishes personalized service scenarios tailored to the unique needs of thousands of individuals. Through meticulous operations that cover the full client lifecycle, Puyi Fund offers full-scope online transactions for both public and private fund clients, establishing a distinctive digital competitive advantage. As of June 2024, the year-to-date client retention rate for fund advisory services stands at 75%, significantly enhancing the likelihood of investment profitability and returns for clients. This success enables clients to truly appreciate the value of advisory services and the time invested in their investments.
Furthermore, Puyi Fund has made continuous advancements in its intelligent client service system, leveraging digital platforms to offer investors comprehensive and efficient services. As of June 2024, the intelligent client service has catered to the needs of approximately 250,000 investors, providing 7*24 services, with a problem resolution rate surpassing 90%. Moreover, Puyi Fund complements intelligent client service with human support, resulting in a client satisfaction rate of 99%. This approach guarantees that investors receive timely and effective assistance whenever required.
Optimizing Trust-Based Communication Channels with Clients
Puyi Fund’s capability to swiftly establish client trust is attributable to its distinctive offline service channels. Unlike other third-party fund sales institutions that heavily rely on online platforms, Puyi Fund provides face-to-face, one-on-one services through offline channels. This approach is especially valuable in navigating complex investment environments, effectively calming investor emotions, enabling them to stay composed and gain a proper understanding of products, ultimately making well-informed investment decisions. Since 2024, Puyi Fund’s research and advisory team has released 28 specialized research reports and organized 19 online client exchanges, along with 35 offline client events, in response to market dynamics and client needs. These initiatives have effectively addressed investors’ concerns and enhanced their confidence.
It is worth mentioning that Puyi Fund’s institutional business has experienced remarkable growth this year, particularly in attracting clients from prominent financial institutions including banks, wealth management subsidiaries, and insurance companies. To cater specifically to institutional investors, Puyi Fund has developed an intelligent over-the-counter fund trading system called “Web-based Institution Master system”. This system provides institutional investors with a wide range of product portfolios, a comprehensive investment research system, and personalized trading experiences. As a result, it comprehensively improves the service quality and efficiency for institutional clients.
As of June 21, Puyi Fund established partnerships with 117 mutual fund companies, including the top 20 fund managers in terms of size, providing access to nearly 11,000 public funds and implementing over 20 customized advisory strategies. In the private fund sector, Puyi Fund has selected over 30 fund managers from the entire market. Of these, 38% manage assets over RMB 10 billion, while 29% manage assets between RMB 5 billion and RMB 10 billion. This selection covers a wide range of mainstream strategy products in the market, catering to the allocation needs of various types of investors.
It is reported that Puyi Fund, an independent third-party fund sales institution holding a fund sales business license issued by the China Securities Regulatory Commission, operates as a subsidiary of Highest Performances Holdings Inc. (NASDAQ: HPH). Embracing the concept of buyer advisor, Puyi Fund is dedicated to delivering comprehensive family financial asset allocation services to individual investors and diversified financial services to institutional investors through its financial technology service platform. With exceptional resource integration capabilities, professional research expertise, and high-quality client service, Puyi Fund strives to cultivate long-term partnerships with clients, catering to their personalized asset allocation needs in various scenarios while assisting a broader range of investors in achieving sustainable long-term returns. As of December 31, 2023, the accumulated assets under Puyi Fund’s allocation advisory services surpassed RMB 75.1 billion, exhibiting a compound annual growth rate of 128.8% from 2015 to 2023.
About Highest Performances Holdings Inc. (NASDAQ: HPH)
HPH was founded in 2010 with the aim of becoming a top provider of smart home and enterprise services. Its mission is to improve the quality of life for families worldwide, focusing on two main driving forces: “technological intelligence” and “capital investments.”HPH has a global strategic perspective and identifies high-quality enterprises with global potential for investment and operations. Its areas of focus include asset allocation, education and study tours, cultural tours, sports events, healthcare and elderly care and family governance.
HPH currently holds controlling interests in two leading financial service providers in China, namely Fanhua Inc., a technology-driven platform, and Fanhua Puyi Fund Distribution Co., Ltd., an independent wealth management service provider.
Highest Performances Holdings Inc., formerly known as Puyi Inc., was renamed on March 13, 2024 to reflect its strategic transformation.

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ID Verify Now Available for Yardi Breeze Premier Clients

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Leading software provider introduces biometric technology as the first step in the resident screening process
SANTA BARBARA, Calif.  , June 25, 2024 /PRNewswire/ — In response to the increase in fraudulent applications in multifamily rentals, Yardi® has launched ID Verify for Yardi Breeze® Premier clients in the United States and Canada. The use of biometrics is emerging as a standard screening practice in North America, as it allows property managers to confirm applicant identities before scheduling a tour.

Employing ID Verify as the initial step in the resident screening process provides Breeze Premier clients with a higher level of fraud prevention. Prospective renters simply upload a selfie and a photo of a government-issued identification document to the cloud. Then ID Verify detects fake IDs and validates real identities, ensuring a secure and reliable screening process. The new technology can also manage resident, visitor and vendor access, enhancing community security.
When paired with ScreeningWorks® Pro in the United States or Yardi® Resident Screening in Canada, property managers centralize resident screening data with their property data. This single source of truth provides multifamily businesses with a deeper understanding of who they’re renting to, ensuring greater confidence and quality in resident selection.
“Rising fraud increases the risks of bad debt,” said Peter Altobelli, vice president and general manager of Yardi Canada Ltd.” However, we’re optimistic that ID Verify will safeguard the future of the multifamily market when implemented as the first step in the resident screening process.”
Book a demo to learn more about ID Verify and how it will benefit your property management business.
About Yardi
Celebrating its 40-year anniversary in 2024, Yardi® develops industry-leading software for all types and sizes of real estate companies across the world. With over 9,000 employees, Yardi is working with our clients to drive significant innovation in the real estate industry. For more information on how Yardi is Energized for Tomorrow, visit yardi.com.
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AI Revolution Accelerates: North American Tech Companies Lead Amid Regulatory Changes

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USA News Group CommentaryIssued on behalf of Scope AI Corp.
VANCOUVER, BC, June 25, 2024 /PRNewswire/ — USA News Group – Tech companies are advancing the artificial intelligence (AI) revolution at breakneck speed. However, new regulations are potentially in the works, as Reuters is already reporting that the USA is moving closer to curbing investments in China’s AI and tech sectors. A draft has already been published, governing investments into China’s emerging tech sector amidst political tensions. While the future of any kind of potential global alliance in AI development doesn’t look likely at this time, several developers in North America are making significant developments in AI that could move the needle in the economy of the West, including from Scope AI Corp. (CSE: SCPE) (OTCQB: SCPCF), Symbotic Inc. (NASDAQ: SYM), Evolv Technologies Holdings, Inc. (NASDAQ: EVLV), MicroStrategy Incorporated (NASDAQ: MSTR), and UiPath Inc. (NYSE: PATH).

As deep machine learning continues to evolve, Scope AI Corp. (CSE: SCPE) (OTCQB: SCPCF) has rebranded and redirected its market focus towards sectors like advertising, gaming, and neural networks, leveraging its advanced GEM (General Enterprise Machine Learning) technology.
Scope AI continues to advance its GEM platform to help businesses develop custom object detection and visual information systems, leveraging the full potential of neural networks. These strategic initiatives have the potential to transform advertising personalization, gaming enhancements, and various neural network applications.
Recently, Scope AI introduced major updates to GEM, aimed at better serving advertising agencies and the gaming sector. These improvements focus on optimizing advertising content and enhancing gameplay experiences with advanced neural network capabilities. By the end of May, Scope AI had partnered with several leading ad agencies and ad networks to understand the primary challenges in analyzing ad creative effectiveness, page layouts, and the associated testing costs and difficulties.
“Our approach is to start with the pain points of our potential users and build solutions based on those insights,” said James Young, CEO of Scope AI Corp. “We believe in understanding the real-world challenges faced by our partners, rather than falling into the common software trap of ‘build it and they will come.’ This collaboration ensures that GEM is not just another tool, but a solution that addresses the specific needs of the advertising community.”
Scope AI’s timing in assisting the advertising industry is impeccable, as global advertising executives grapple with the influx of AI technology. The concern is that widespread use of AI-generated images may result in a lack of distinctiveness. This is where Scope AI’s GEM technology shines, aiding ad executives in distinguishing and delivering their campaigns more effectively.
GEM’s advanced object visual recognition capabilities aim to provide businesses with deeper insights and more precise solutions. As a result, advertisers could potentially analyze consumer behavior more effectively and refine their campaigns, while game developers might create more engaging and immersive user experiences.
“We’re very pleased at how seamless we were able to streamline, enhance, and strengthen our platform with the latest performance and security upgrades made to our infrastructure,” said Sean Prescott, Founder and Non-Executive Chairman of Scope AI. “The next generation of our platform will set us apart in what kind of data and its sensitivity we can process and store. It’s a potential game-changer for the industry.”
Primarily focused on automating warehouses, Symbotic Inc. (NASDAQ: SYM) is rapidly advancing its technology for use in other industries. Potential applications include automated building and road construction. Symbotic is doing this by enhancing AI, computer vision, and IoT functionality through autonomous robots working collaboratively. This technology is expected to naturally progress into virtual or mixed reality, allowing users to control the system and individual robots as if they were the brain.
“This past quarter we executed well for our customers, made significant progress on our innovation roadmap and delivered solid financial results,” said Rick Cohen, Chairman and CEO of Symbotic in its FY 2024 results. “We made significant advances in both software and hardware this quarter that will benefit customers, accelerate deployment times and increase our deployment capacity.”
Symbotic operates in two segments: products and deployment, and services. In Q2, Symbotic achieved several key developments that improved deployment times, including a software upgrade for better throughput and capacity, an upgrade to enhance modularization, and a new AI chip for increased power.
“These advancements helped us to accelerate deployment progress during the quarter,” said Symbotic CFO Carol Hibbard. “We started three system deployments and completed three operational systems, while achieving faster revenue growth, higher margins and stronger cash generation than planned for the quarter.”
Evolv AI, a leader in digital experience optimization, and a wholly-owned subsidiary of Evolv Technologies Holdings, Inc. (NASDAQ: EVLV), recently announced a new free-of-charge AI-led UX site assessment feature to boost online conversions in eCommerce. Delivered as an emailed report that gives insight into where site owners’ digital experiences are underperforming, the new feature provides prioritized, contextual UX recommendations to help businesses advance.
“Our free UX site assessment feature is a game-changer for businesses looking to optimize their digital experiences but have limited resources for UX experimentation,” said Tyler Foster, President and CTO at Evolv AI. “Our recommendation engine distills generalized learnings from millions of experiments and extensive UX research to deliver custom, contextual recommendations to our end users. Our AI also predicts which UX improvements will yield the highest returns, so you can focus resources strategically.”
Back in March, MicroStrategy Incorporated (NASDAQ: MSTR) unveiled a new customizable AI bot called Auto that lets business users interact with MicroStrategy’s data analytics offerings through natural language. The new Auto software was based upon the MicroStrategy AI product suite that was launched last year, using generative AI technology to lower the technical skills required by users to consume data using MicroStrategy data analytics.
“Our modern cloud architecture, proven semantic graph, and robust APIs gave us the agility to lead the market with a solution that combines the latest generative AI with trusted BI,” said Saurabh Abhyankar, Chief Product Officer at MicroStrategy. “And now, with Auto added to MicroStrategy AI, we’re enabling customers to build and deploy custom AI bots in minutes. But this is just the beginning. We have dozens of new features underway for MicroStrategy AI that will help every organization capitalize on our vision for Intelligence Everywhere.”
MicroStrategy would follow up the launch of Auto, by unveiling enhancements to the platform at the end of April.
Working to further help enterprises interpret and utilize their data, leading enterprise automation and AI software company UiPath Inc. (NYSE: PATH) was recently recognized as a Leader in the Everest Group Process Mining Products PEAK Matrix Assessment 2024, marking the fifth consecutive year of UiPath receiving the honor.
“[UiPath’s] strong year-over-year growth in its process mining business, enhanced interoperability with its automation suite, and investments in product innovation and generative AI capabilities such as Autopilot have helped UiPath strengthen its position as a Leader and emerge as a Star Performer on Everest Group’s Process Mining Products PEAK Matrix® 2024,” said Amardeep Modi, Vice President at Everest Group. “Its product vision and roadmap, product’s ease of use, ability to visualize process maps and detect bottlenecks, and customer support are some of the key strengths highlighted by its clients.”
Serving to further enhance its portfolio, UiPath has also been linked to a $35.2 million investment in Paris-based AI startup Holistic, with plans to develop a “commercial relationship” with the company, according to a document filed at the start of May with the US Securities and Exchange Commission (SEC). The investment was part of a $200 million funding round for Holistic AI, as reported by Reuters.
Article Source: https://usanewsgroup.com/2024/04/26/the-currency-of-tomorrow-why-investing-in-cutting-edge-ai-recognition-tech-could-mean-big-money/ 
CONTACT:USA NEWS [email protected](604) 265-2873
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