Artificial Intelligence
Global Service Robotics Market to Reach $110.4 Billion by 2026
New York, May 23, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Service Robotics Industry” – https://www.reportlinker.com/p0305182/?utm_source=GNW
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Global Service Robotics Market to Reach $110.4 Billion by 2026
Robots have become the mainstream technology in the manufacturing industry owing to their immense advantages in terms of cost, productivity, defective products and efficiency. Ongoing progress in robotics technology is expected to pave way for huge adoption of robots in the service industry. Driven by the advancements, service robotics market has transformed significantly and is now able to perform varied tasks ranging from highly complex surgeries to unmanning defense vehicles. While advanced technology is enabling robots to perform diverse tasks, latest concepts like biometric recognition, 5G and artificial intelligence are facilitating virtualization of service robots. Professional service robots are increasingly being commercialized, owing to their usefulness in specific purposes and clearly defined business objectives that can be realized with modest R&D efforts. Domestic or personal use robots are likely to be mass-produced, given their valuable ability to relive time stressed home owners/makers from everyday household chores like home vacuuming and floor cleaning.
Amid the COVID-19 crisis, the global market for Service Robotics estimated at US$34.4 Billion in the year 2020, is projected to reach a revised size of US$110.4 Billion by 2026, growing at a CAGR of 21.2% over the analysis period. Hardware, one of the segments analyzed in the report, is projected to record 20.7% CAGR and reach US$95.2 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 SOFTWARE segment is readjusted to a revised 22.8% CAGR for the next 7-year period.
The U.S. Market is Estimated at $13.6 Billion in 2021, While China is Forecast to Reach $9.5 Billion by 2026
The Service Robotics market in the U.S. is estimated at US$13.6 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$9.5 Billion by the year 2026 trailing a CAGR of 27.4% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 18.1% and 19.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 20.1% CAGR. In the US, rapid increase in capabilities and fast-paced adoption of automation in various industries is fueling demand for service robots in the defense and healthcare sectors. The presence of several leading vendors of service robots is enabling large-scale production of service robots in the region. In Asia-Pacific region, growth is being supported by rising demand for service robots in household, defense, security and rescue, and medical applications. The region also represents a strong market for domestic and entertainment robots.
Select Competitors (Total 122 Featured) –
- Aethon, Inc.
- Gecko International Corporation
- Hanool Robotics Corp.
- Honda Motors Co., Ltd.
- Husqvarna AB
- Iberobotics S.L.
- Intuitive Surgical, Inc.
- iRobot Corporation
- KUKA Aktiengesellschaft
- LG Electronics, Inc.
- RedZone Robotics
- RoboBuilder Co., Ltd.
- ROBOSOFT
- SeaRobotics Corporation
- Samsung Electronics Co., Ltd.
- Toyota Motor Corporation
- Yujin Robot Co., Ltd.
- WowWee Group Limited
- Zucchetti Group
Read the full report: https://www.reportlinker.com/p0305182/?utm_source=GNW
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Influencer Market Insights
World Market Trajectories
Impact of Covid-19 and a Looming Global Recession
World Economic Growth Projections (Real GDP, Annual % Change)
for 2019, 2020 & 2021
Service Robots Garner Attention as Critical Resource to Combat
COVID-19 Pandemic
Emphasis on Social Distancing and Cleanliness Throws Attention
on Service Robots
Reported Use of Service Robots for COVID-19
Significance of Robots in Combating the Pandemic Attracts
Government Investments
Hotels Embrace Service Robots to Cope Up with Socially-
Distanced Approach to Life
Service Robots to Aid Revival of Hospitality Industry: YoY %
Change in Hotel RevPAR in Europe amid COVID-19: March 2020 to
May 2020
Service Robotics – Global Key Competitors Percentage Market
Share in 2022 (E)
Competitive Market Presence – Strong/Active/Niche/Trivial for
Players Worldwide in 2022 (E)
Robots: The Marvels of Modern Engineering
Service Robotics: The New Emerging Frontier
Types of Service Robots
Personal Robots
Global Personal Service Robotics Market Share Breakdown of
Volume Sales by Application Segment: 2019
Professional Service Robot
Global Professional Service Robotics Market Share Breakdown of
Volume Sales by Application Segment: 2019
Market Outlook
Developing Countries to Spur Future Market Growth
Compelling Benefits & Technological Advances Set Perfect
Background for Expansion of Global Professional Service Robots
Market
Challenges Confronting Service Robotics Market
Competitive Landscape
Service Robotics Manufacturing Landscape (2019): Percentage
Breakdown of Number of Service Robotic Manufacturers by
Geographic Region
Funding in Robotics Companies Continues to Grow
Number of Startups by Region: 2019
Select Startups in Service Robotics
Robotics Investments in June 2020
Recent Industry Activity
World Brands
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Artificial Intelligence Brings in a Transformation in Service
Robotics
Collaborative Robots to Drive Growth in the Non-Industrial
Robots Market
Robotics-As-A-Service (RaaS) Garners Attention
Innovative RaaS Platforms
Manufacturers Focus on Service Robots with Impressive Computing
Power
Approaches to Overcome Technological Challenges
Medical Applications: An Expanding Market for Professional
Service Robotics
Professional Service Robots in Medical Applications (2019):
Percentage Breakdown of Unit Sales by Application
Usage Benefits of Service Robots in Surgical Procedures:
A Comparative Study of Mean Blood Loss (ml) and Period of
Hospital Stay in Robotic Vs Traditional Procedures by Surgery
Type – Hysterectomy and Prostatectomy
Service Robots in Surgeries
Service Robots Aid in Patient Rehabilitation
Defense Applications: A Key Market for Professional Service Robots
Exoskeleton Robots Set to Register Strong Growth
Government Spending on Military & Defense: A Determinant of
Growth in Defense Robots Market
Impact COVID-19 on Defense Spending
Global Defense, Health & Energy R&D as a % of GDP
Global Defense Spending (In US$ Billion) for Years 2016, 2017,
2018, 2019, 2020 & 2023
Field Applications Drive Growth in Professional Service
Robotics Market
Global Field Robots Market (2019): Percentage Breakdown of Unit
Sales for Milking Robots and Others
Milking Systems with Advanced Features to Improve Adoption Rate
Positive Outlook for Dairy Industry Augurs Well for Robotic
Milking Systems
Global Dairy Products Market in US$ Billion: 2019 & 2025
Developments in AI, Machine Vision & Machine Learning Remain
Critical to Commercialization & Growth
Rising Penetration of Robotics in Agricultural Sector Bodes Well
Worsening Labor Shortages & Rising Labor Costs Drives Interest
in Autonomous/Robotic Tractors
Contracting Agricultural Labor Drives Demand for Robots and
Autonomous Farm Equipment: Agricultural Employment as % of
Total Employment for the Period 2000-2020
Automated & Robotic Equipment to Foray into Food Service Sector
Robot Chefs – Revolutionizing Restaurant Operations
Contact-less Machines and Robots Address the Shifting Consumer
Mindset
Logistics Application Segment to Catalyze Growth of
Professional Service Robots Market
Package Delivery Gains Significance amid Rise in e-commerce
Global e-Commerce Sales as Percentage of Total Retail Sales:
(2015-2021E)
Humanoid Robots for Personalized & Interactive Experience in Banks
Robotics in Hospitality Industry: Promising Future Ahead
Personal Robots Garner Momentum
Expanding Application Possibilities Broadens the Market
Advanced Service Robots for Homeowners
Aging Population Lends Traction to Eldercare-Assistive Robots
Table 22: Aging Population to Fuel Need for Care Robots –
Population of 60+ Individuals in ?000s for 2019, 2030, 2050, &
2100
Home-Help Robots for Retirees: The Next Frontier of Robotic
Advancements
Handicap Assistance Robots: A Key Opportunity
Sales of Mobile Robots on the Rise
Robotic Vacuum Cleaners Market for Home Use: Promising Growth
Opportunities
Global Vacuum Cleaners Market (2012 & 2022): Percentage
Breakdown of Value sales for Robotic Vacuum Cleaners and
Traditional Vacuum Cleaners
Telepresence to Revolutionize Service Robots Industry
Customizable & Networked Robots: Emerging Revenue Spinners
4. GLOBAL MARKET PERSPECTIVE
Table 1: World Recent Past, Current & Future Analysis for
Service Robotics by Geographic Region – USA, Canada, Japan,
China, Europe, Asia-Pacific, Latin America and Rest of World
Markets – Independent Analysis of Annual Revenues in US$
Million for Years 2020 through 2027 and % CAGR
Table 2: World Historic Review for Service Robotics by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America and Rest of World Markets –
Independent Analysis of Annual Revenues in US$ Million for
Years 2012 through 2019 and % CAGR
Table 3: World 15-Year Perspective for Service Robotics by
Geographic Region – Percentage Breakdown of Value Revenues for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America
and Rest of World Markets for Years 2012, 2021 & 2027
Table 4: World Recent Past, Current & Future Analysis for
Hardware by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific, Latin America and Rest of World Markets –
Independent Analysis of Annual Revenues in US$ Million for
Years 2020 through 2027 and % CAGR
Table 5: World Historic Review for Hardware by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America and Rest of World Markets – Independent Analysis of
Annual Revenues in US$ Million for Years 2012 through 2019 and
% CAGR
Table 6: World 15-Year Perspective for Hardware by Geographic
Region – Percentage Breakdown of Value Revenues for USA,
Canada, Japan, China, Europe, Asia-Pacific, Latin America and
Rest of World for Years 2012, 2021 & 2027
Table 7: World Recent Past, Current & Future Analysis for
Software by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific, Latin America and Rest of World Markets –
Independent Analysis of Annual Revenues in US$ Million for
Years 2020 through 2027 and % CAGR
Table 8: World Historic Review for Software by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America and Rest of World Markets – Independent Analysis of
Annual Revenues in US$ Million for Years 2012 through 2019 and
% CAGR
Table 9: World 15-Year Perspective for Software by Geographic
Region – Percentage Breakdown of Value Revenues for USA,
Canada, Japan, China, Europe, Asia-Pacific, Latin America and
Rest of World for Years 2012, 2021 & 2027
Table 10: World Recent Past, Current & Future Analysis for
Professional by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific, Latin America and Rest of World Markets –
Independent Analysis of Annual Revenues in US$ Million for
Years 2020 through 2027 and % CAGR
Table 11: World Historic Review for Professional by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America and Rest of World Markets – Independent Analysis of
Annual Revenues in US$ Million for Years 2012 through 2019 and
% CAGR
Table 12: World 15-Year Perspective for Professional by
Geographic Region – Percentage Breakdown of Value Revenues for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America
and Rest of World for Years 2012, 2021 & 2027
Table 13: World Recent Past, Current & Future Analysis for
Personal by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific, Latin America and Rest of World Markets –
Independent Analysis of Annual Revenues in US$ Million for
Years 2020 through 2027 and % CAGR
Table 14: World Historic Review for Personal by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America and Rest of World Markets – Independent Analysis of
Annual Revenues in US$ Million for Years 2012 through 2019 and
% CAGR
Table 15: World 15-Year Perspective for Personal by Geographic
Region – Percentage Breakdown of Value Revenues for USA,
Canada, Japan, China, Europe, Asia-Pacific, Latin America and
Rest of World for Years 2012, 2021 & 2027
III. MARKET ANALYSIS
UNITED STATES
Service Robotics Market Presence – Strong/Active/Niche/Trivial –
Key Competitors in the United States for 2022 (E)
Market Overview
Table 16: USA Recent Past, Current & Future Analysis for
Service Robotics by Component – Hardware and Software –
Independent Analysis of Annual Revenues in US$ Million for the
Years 2020 through 2027 and % CAGR
Table 17: USA Historic Review for Service Robotics by Component –
Hardware and Software Markets – Independent Analysis of
Annual Revenues in US$ Million for Years 2012 through 2019 and
% CAGR
Table 18: USA 15-Year Perspective for Service Robotics by
Component – Percentage Breakdown of Value Revenues for Hardware
and Software for the Years 2012, 2021 & 2027
Table 19: USA Recent Past, Current & Future Analysis for
Service Robotics by Category – Professional and Personal –
Independent Analysis of Annual Revenues in US$ Million for the
Years 2020 through 2027 and % CAGR
Table 20: USA Historic Review for Service Robotics by Category –
Professional and Personal Markets – Independent Analysis of
Annual Revenues in US$ Million for Years 2012 through 2019 and
% CAGR
Table 21: USA 15-Year Perspective for Service Robotics by
Category – Percentage Breakdown of Value Revenues for
Professional and Personal for the Years 2012, 2021 & 2027
CANADA
Table 22: Canada Recent Past, Current & Future Analysis for
Service Robotics by Component – Hardware and Software –
Independent Analysis of Annual Revenues in US$ Million for the
Years 2020 through 2027 and % CAGR
Table 23: Canada Historic Review for Service Robotics by
Component – Hardware and Software Markets – Independent
Analysis of Annual Revenues in US$ Million for Years 2012
through 2019 and % CAGR
Table 24: Canada 15-Year Perspective for Service Robotics by
Component – Percentage Breakdown of Value Revenues for Hardware
and Software for the Years 2012, 2021 & 2027
Table 25: Canada Recent Past, Current & Future Analysis for
Service Robotics by Category – Professional and Personal –
Independent Analysis of Annual Revenues in US$ Million for the
Years 2020 through 2027 and % CAGR
Table 26: Canada Historic Review for Service Robotics by
Category – Professional and Personal Markets – Independent
Analysis of Annual Revenues in US$ Million for Years 2012
through 2019 and % CAGR
Table 27: Canada 15-Year Perspective for Service Robotics by
Category – Percentage Breakdown of Value Revenues for
Professional and Personal for the Years 2012, 2021 & 2027
JAPAN
Service Robotics Market Presence – Strong/Active/Niche/Trivial –
Key Competitors in Japan for 2022 (E)
Market Overview
Table 28: Japan Recent Past, Current & Future Analysis for
Service Robotics by Component – Hardware and Software –
Independent Analysis of Annual Revenues in US$ Million for the
Years 2020 through 2027 and % CAGR
Table 29: Japan Historic Review for Service Robotics by
Component – Hardware and Software Markets – Independent
Analysis of Annual Revenues in US$ Million for Years 2012
through 2019 and % CAGR
Table 30: Japan 15-Year Perspective for Service Robotics by
Component – Percentage Breakdown of Value Revenues for Hardware
and Software for the Years 2012, 2021 & 2027
Table 31: Japan Recent Past, Current & Future Analysis for
Service Robotics by Category – Professional and Personal –
Independent Analysis of Annual Revenues in US$ Million for the
Years 2020 through 2027 and % CAGR
Table 32: Japan Historic Review for Service Robotics by
Category – Professional and Personal Markets – Independent
Analysis of Annual Revenues in US$ Million for Years 2012
through 2019 and % CAGR
Table 33: Japan 15-Year Perspective for Service Robotics by
Category – Percentage Breakdown of Value Revenues for
Professional and Personal for the Years 2012, 2021 & 2027
CHINA
Service Robotics Market Presence – Strong/Active/Niche/Trivial –
Key Competitors in China for 2022 (E)
Market Overview
Food Service Robots Continue to Gain Popularity
Robots for Learning & Cleaning Gain Interest
Household Cleaning Robots Find Favor among Chinese Consumers
Medical Robotics Sector: A Promising Market
Table 34: China Recent Past, Current & Future Analysis for
Service Robotics by Component – Hardware and Software –
Independent Analysis of Annual Revenues in US$ Million for the
Years 2020 through 2027 and % CAGR
Table 35: China Historic Review for Service Robotics by
Component – Hardware and Software Markets – Independent
Analysis of Annual Revenues in US$ Million for Years 2012
through 2019 and % CAGR
Table 36: China 15-Year Perspective for Service Robotics by
Component – Percentage Breakdown of Value Revenues for Hardware
and Software for the Years 2012, 2021 & 2027
Table 37: China Recent Past, Current & Future Analysis for
Service Robotics by Category – Professional and Personal –
Independent Analysis of Annual Revenues in US$ Million for the
Years 2020 through 2027 and % CAGR
Table 38: China Historic Review for Service Robotics by
Category – Professional and Personal Markets – Independent
Analysis of Annual Revenues in US$ Million for Years 2012
through 2019 and % CAGR
Table 39: China 15-Year Perspective for Service Robotics by
Category – Percentage Breakdown of Value Revenues for
Professional and Personal for the Years 2012, 2021 & 2027
EUROPE
Service Robotics Market Presence – Strong/Active/Niche/Trivial –
Key Competitors in Europe for 2022 (E)
Market Overview
Table 40: Europe Recent Past, Current & Future Analysis for
Service Robotics by Geographic Region – France, Germany, Italy,
UK, Spain, Russia and Rest of Europe Markets – Independent
Analysis of Annual Revenues in US$ Million for Years 2020
through 2027 and % CAGR
Table 41: Europe Historic Review for Service Robotics by
Geographic Region – France, Germany, Italy, UK, Spain, Russia
and Rest of Europe Markets – Independent Analysis of Annual
Revenues in US$ Million for Years 2012 through 2019 and % CAGR
Table 42: Europe 15-Year Perspective for Service Robotics by
Geographic Region – Percentage Breakdown of Value Revenues for
France, Germany, Italy, UK, Spain, Russia and Rest of Europe
Markets for Years 2012, 2021 & 2027
Table 43: Europe Recent Past, Current & Future Analysis for
Service Robotics by Component – Hardware and Software –
Independent Analysis of Annual Revenues in US$ Million for the
Years 2020 through 2027 and % CAGR
Table 44: Europe Historic Review for Service Robotics by
Component – Hardware and Software Markets – Independent
Analysis of Annual Revenues in US$ Million for Years 2012
through 2019 and % CAGR
Table 45: Europe 15-Year Perspective for Service Robotics by
Component – Percentage Breakdown of Value Revenues for Hardware
and Software for the Years 2012, 2021 & 2027
Table 46: Europe Recent Past, Current & Future Analysis for
Service Robotics by Category – Professional and Personal –
Independent Analysis of Annual Revenues in US$ Million for the
Years 2020 through 2027 and % CAGR
Table 47: Europe Historic Review for Service Robotics by
Category – Professional and Personal Markets – Independent
Analysis of Annual Revenues in US$ Million for Years 2012
through 2019 and % CAGR
Table 48: Europe 15-Year Perspective for Service Robotics by
Category – Percentage Breakdown of Value Revenues for
Professional and Personal for the Years 2012, 2021 & 2027
FRANCE
Service Robotics Market Presence – Strong/Active/Niche/Trivial –
Key Competitors in France for 2022 (E)
Table 49: France Recent Past, Current & Future Analysis for
Service Robotics by Component – Hardware and Software –
Independent Analysis of Annual Revenues in US$ Million for the
Years 2020 through 2027 and % CAGR
Table 50: France Historic Review for Service Robotics by
Component – Hardware and Software Markets – Independent
Analysis of Annual Revenues in US$ Million for Years 2012
through 2019 and % CAGR
Table 51: France 15-Year Perspective for Service Robotics by
Component – Percentage Breakdown of Value Revenues for Hardware
and Software for the Years 2012, 2021 & 2027
Table 52: France Recent Past, Current & Future Analysis for
Service Robotics by Category – Professional and Personal –
Independent Analysis of Annual Revenues in US$ Million for the
Years 2020 through 2027 and % CAGR
Table 53: France Historic Review for Service Robotics by
Category – Professional and Personal Markets – Independent
Analysis of Annual Revenues in US$ Million for Years 2012
through 2019 and % CAGR
Table 54: France 15-Year Perspective for Service Robotics by
Category – Percentage Breakdown of Value Revenues for
Professional and Personal for the Years 2012, 2021 & 2027
GERMANY
Service Robotics Market Presence – Strong/Active/Niche/Trivial –
Key Competitors in Germany for 2022 (E)
Table 55: Germany Recent Past, Current & Future Analysis for
Service Robotics by Component – Hardware and Software –
Independent Analysis of Annual Revenues in US$ Million for the
Years 2020 through 2027 and % CAGR
Table 56: Germany Historic Review for Service Robotics by
Component – Hardware and Software Markets – Independent
Analysis of Annual Revenues in US$ Million for Years 2012
through 2019 and % CAGR
Table 57: Germany 15-Year Perspective for Service Robotics by
Component – Percentage Breakdown of Value Revenues for Hardware
and Software for the Years 2012, 2021 & 2027
Table 58: Germany Recent Past, Current & Future Analysis for
Service Robotics by Category – Professional and Personal –
Independent Analysis of Annual Revenues in US$ Million for the
Years 2020 through 2027 and % CAGR
Table 59: Germany Historic Review for Service Robotics by
Category – Professional and Personal Markets – Independent
Analysis of Annual Revenues in US$ Million for Years 2012
through 2019 and % CAGR
Table 60: Germany 15-Year Perspective for Service Robotics by
Category – Percentage Breakdown of Value Revenues for
Professional and Personal for the Years 2012, 2021 & 2027
ITALY
Table 61: Italy Recent Past, Current & Future Analysis for
Service Robotics by Component – Hardware and Software –
Independent Analysis of Annual Revenues in US$ Million for the
Years 2020 through 2027 and % CAGR
Table 62: Italy Historic Review for Service Robotics by
Component – Hardware and Software Markets – Independent
Analysis of Annual Revenues in US$ Million for Years 2012
through 2019 and % CAGR
Table 63: Italy 15-Year Perspective for Service Robotics by
Component – Percentage Breakdown of Value Revenues for Hardware
and Software for the Years 2012, 2021 & 2027
Table 64: Italy Recent Past, Current & Future Analysis for
Service Robotics by Category – Professional and Personal –
Independent Analysis of Annual Revenues in US$ Million for the
Years 2020 through 2027 and % CAGR
Table 65: Italy Historic Review for Service Robotics by
Category – Professional and Personal Markets – Independent
Analysis of Annual Revenues in US$ Million for Years 2012
through 2019 and % CAGR
Table 66: Italy 15-Year Perspective for Service Robotics by
Category – Percentage Breakdown of Value Revenues for
Professional and Personal for the Years 2012, 2021 & 2027
UNITED KINGDOM
Service Robotics Market Presence – Strong/Active/Niche/Trivial –
Key Competitors in the United Kingdom for 2022 (E)
Table 67: UK Recent Past, Current & Future Analysis for Service
Robotics by Component – Hardware and Software – Independent
Analysis of Annual Revenues in US$ Million for the Years 2020
through 2027 and % CAGR
Table 68: UK Historic Review for Service Robotics by Component –
Hardware and Software Markets – Independent Analysis of
Annual Revenues in US$ Million for Years 2012 through 2019 and
% CAGR
Table 69: UK 15-Year Perspective for Service Robotics by
Component – Percentage Breakdown of Value Revenues for Hardware
and Software for the Years 2012, 2021 & 2027
Table 70: UK Recent Past, Current & Future Analysis for Service
Robotics by Category – Professional and Personal – Independent
Analysis of Annual Revenues in US$ Million for the Years 2020
through 2027 and % CAGR
Table 71: UK Historic Review for Service Robotics by Category –
Professional and Personal Markets – Independent Analysis of
Annual Revenues in US$ Million for Years 2012 through 2019 and
% CAGR
Table 72: UK 15-Year Perspective for Service Robotics by
Category – Percentage Breakdown of Value Revenues for
Professional and Personal for the Years 2012, 2021 & 2027
SPAIN
Table 73: Spain Recent Past, Current & Future Analysis for
Service Robotics by Component – Hardware and Software –
Independent Analysis of Annual Revenues in US$ Million for the
Years 2020 through 2027 and % CAGR
Table 74: Spain Historic Review for Service Robotics by
Component – Hardware and Software Markets – Independent
Analysis of Annual Revenues in US$ Million for Years 2012
through 2019 and % CAGR
Table 75: Spain 15-Year Perspective for Service Robotics by
Component – Percentage Breakdown of Value Revenues for Hardware
and Software for the Years 2012, 2021 & 2027
Table 76: Spain Recent Past, Current & Future Analysis for
Service Robotics by Category – Professional and Personal –
Independent Analysis of Annual Revenues in US$ Million for the
Years 2020 through 2027 and % CAGR
Table 77: Spain Historic Review for Service Robotics by
Category – Professional and Personal Markets – Independent
Analysis of Annual Revenues in US$ Million for Years 2012
through 2019 and % CAGR
Table 78: Spain 15-Year Perspective for Service Robotics by
Category – Percentage Breakdown of Value Revenues for
Professional and Personal for the Years 2012, 2021 & 2027
RUSSIA
Table 79: Russia Recent Past, Current & Future Analysis for
Service Robotics by Component – Hardware and Software –
Independent Analysis of Annual Revenues in US$ Million for the
Years 2020 through 2027 and % CAGR
Table 80: Russia Historic Review for Service Robotics by
Component – Hardware and Software Markets – Independent
Analysis of Annual Revenues in US$ Million for Years 2012
through 2019 and % CAGR
Table 81: Russia 15-Year Perspective for Service Robotics by
Component – Percentage Breakdown of Value Revenues for Hardware
and Software for the Years 2012, 2021 & 2027
Table 82: Russia Recent Past, Current & Future Analysis for
Service Robotics by Category – Professional and Personal –
Independent Analysis of Annual Revenues in US$ Million for the
Years 2020 through 2027 and % CAGR
Table 83: Russia Historic Review for Service Robotics by
Category – Professional and Personal Markets – Independent
Analysis of Annual Revenues in US$ Million for Years 2012
through 2019 and % CAGR
Table 84: Russia 15-Year Perspective for Service Robotics by
Category – Percentage Breakdown of Value Revenues for
Professional and Personal for the Years 2012, 2021 & 2027
REST OF EUROPE
Table 85: Rest of Europe Recent Past, Current & Future Analysis
for Service Robotics by Component – Hardware and Software –
Independent Analysis of Annual Revenues in US$ Million for the
Years 2020 through 2027 and % CAGR
Table 86: Rest of Europe Historic Review for Service Robotics
by Component – Hardware and Software Markets – Independent
Analysis of Annual Revenues in US$ Million for Years 2012
through 2019 and % CAGR
Table 87: Rest of Europe 15-Year Perspective for Service
Robotics by Component – Percentage Breakdown of Value Revenues
for Hardware and Software for the Years 2012, 2021 & 2027
Table 88: Rest of Europe Recent Past, Current & Future Analysis
for Service Robotics by Category – Professional and Personal –
Independent Analysis of Annual Revenues in US$ Million for the
Years 2020 through 2027 and % CAGR
Table 89: Rest of Europe Historic Review for Service Robotics
by Category – Professional and Personal Markets – Independent
Analysis of Annual Revenues in US$ Million for Years 2012
through 2019 and % CAGR
Table 90: Rest of Europe 15-Year Perspective for Service
Robotics by Category – Percentage Breakdown of Value Revenues
for Professional and Personal for the Years 2012, 2021 & 2027
ASIA-PACIFIC
Service Robotics Market Presence – Strong/Active/Niche/Trivial –
Key Competitors in Asia-Pacific for 2022 (E)
Table 91: Asia-Pacific Recent Past, Current & Future Analysis
for Service Robotics by Geographic Region – South Korea and
Rest of Asia-Pacific Markets – Independent Analysis of Annual
Revenues in US$ Million for Years 2020 through 2027 and % CAGR
Table 92: Asia-Pacific Historic Review for Service Robotics by
Geographic Region – South Korea and Rest of Asia-Pacific
Markets – Independent Analysis of Annual Revenues in US$
Million for Years 2012 through 2019 and % CAGR
Table 93: Asia-Pacific 15-Year Perspective for Service Robotics
by Geographic Region – Percentage Breakdown of Value Revenues
for South Korea and Rest of Asia-Pacific Markets for Years
2012, 2021 & 2027
Table 94: Asia-Pacific Recent Past, Current & Future Analysis
for Service Robotics by Component – Hardware and Software –
Independent Analysis of Annual Revenues in US$ Million for the
Years 2020 through 2027 and % CAGR
Table 95: Asia-Pacific Historic Review for Service Robotics by
Component – Hardware and Software Markets – Independent
Analysis of Annual Revenues in US$ Million for Years 2012
through 2019 and % CAGR
Table 96: Asia-Pacific 15-Year Perspective for Service Robotics
by Component – Percentage Breakdown of Value Revenues for
Hardware and Software for the Years 2012, 2021 & 2027
Table 97: Asia-Pacific Recent Past, Current & Future Analysis
for Service Robotics by Category – Professional and Personal –
Independent Analysis of Annual Revenues in US$ Million for the
Years 2020 through 2027 and % CAGR
Table 98: Asia-Pacific Historic Review for Service Robotics by
Category – Professional and Personal Markets – Independent
Analysis of Annual Revenues in US$ Million for Years 2012
through 2019 and % CAGR
Table 99: Asia-Pacific 15-Year Perspective for Service Robotics
by Category – Percentage Breakdown of Value Revenues for
Professional and Personal for the Years 2012, 2021 & 2027
SOUTH KOREA
Market Overview
Table 100: South Korea Recent Past, Current & Future Analysis
for Service Robotics by Component – Hardware and Software –
Independent Analysis of Annual Revenues in US$ Million for the
Years 2020 through 2027 and % CAGR
Table 101: South Korea Historic Review for Service Robotics by
Component – Hardware and Software Markets – Independent
Analysis of Annual Revenues in US$ Million for Years 2012
through 2019 and % CAGR
Table 102: South Korea 15-Year Perspective for Service Robotics
by Component – Percentage Breakdown of Value Revenues for
Hardware and Software for the Years 2012, 2021 & 2027
Table 103: South Korea Recent Past, Current & Future Analysis
for Service Robotics by Category – Professional and Personal –
Independent Analysis of Annual Revenues in US$ Million for the
Years 2020 through 2027 and % CAGR
Table 104: South Korea Historic Review for Service Robotics by
Category – Professional and Personal Markets – Independent
Analysis of Annual Revenues in US$ Million for Years 2012
through 2019 and % CAGR
Table 105: South Korea 15-Year Perspective for Service Robotics
by Category – Percentage Breakdown of Value Revenues for
Professional and Personal for the Years 2012, 2021 & 2027
REST OF ASIA-PACIFIC
India
Table 106: Rest of Asia-Pacific Recent Past, Current & Future
Analysis for Service Robotics by Component – Hardware and
Software – Independent Analysis of Annual Revenues in US$
Million for the Years 2020 through 2027 and % CAGR
Table 107: Rest of Asia-Pacific Historic Review for Service
Robotics by Component – Hardware and Software Markets –
Independent Analysis of Annual Revenues in US$ Million for
Years 2012 through 2019 and % CAGR
Table 108: Rest of Asia-Pacific 15-Year Perspective for Service
Robotics by Component – Percentage Breakdown of Value Revenues
for Hardware and Software for the Years 2012, 2021 & 2027
Table 109: Rest of Asia-Pacific Recent Past, Current & Future
Analysis for Service Robotics by Category – Professional and
Personal – Independent Analysis of Annual Revenues in US$
Million for the Years 2020 through 2027 and % CAGR
Table 110: Rest of Asia-Pacific Historic Review for Service
Robotics by Category – Professional and Personal Markets –
Independent Analysis of Annual Revenues in US$ Million for
Years 2012 through 2019 and % CAGR
Table 111: Rest of Asia-Pacific 15-Year Perspective for Service
Robotics by Category – Percentage Breakdown of Value Revenues
for Professional and Personal for the Years 2012, 2021 & 2027
LATIN AMERICA
Service Robotics Market Presence – Strong/Active/Niche/Trivial –
Key Competitors in Latin America for 2022 (E)
Table 112: Latin America Recent Past, Current & Future Analysis
for Service Robotics by Component – Hardware and Software –
Independent Analysis of Annual Revenues in US$ Million for the
Years 2020 through 2027 and % CAGR
Table 113: Latin America Historic Review for Service Robotics
by Component – Hardware and Software Markets – Independent
Analysis of Annual Revenues in US$ Million for Years 2012
through 2019 and % CAGR
Table 114: Latin America 15-Year Perspective for Service
Robotics by Component – Percentage Breakdown of Value Revenues
for Hardware and Software for the Years 2012, 2021 & 2027
Table 115: Latin America Recent Past, Current & Future Analysis
for Service Robotics by Category – Professional and Personal –
Independent Analysis of Annual Revenues in US$ Million for the
Years 2020 through 2027 and % CAGR
Table 116: Latin America Historic Review for Service Robotics
by Category – Professional and Personal Markets – Independent
Analysis of Annual Revenues in US$ Million for Years 2012
through 2019 and % CAGR
Table 117: Latin America 15-Year Perspective for Service
Robotics by Category – Percentage Breakdown of Value Revenues
for Professional and Personal for the Years 2012, 2021 & 2027
REST OF WORLD
Table 118: Rest of World Recent Past, Current & Future Analysis
for Service Robotics by Component – Hardware and Software –
Independent Analysis of Annual Revenues in US$ Million for the
Years 2020 through 2027 and % CAGR
Table 119: Rest of World Historic Review for Service Robotics
by Component – Hardware and Software Markets – Independent
Analysis of Annual Revenues in US$ Million for Years 2012
through 2019 and % CAGR
Table 120: Rest of World 15-Year Perspective for Service
Robotics by Component – Percentage Breakdown of Value Revenues
for Hardware and Software for the Years 2012, 2021 & 2027
Table 121: Rest of World Recent Past, Current & Future Analysis
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Artificial Intelligence
Asia Mobiliti Applauded by Frost & Sullivan for Powering Intelligent Urban Mobility and Offering Customer Value with Its MaaS Solutions
Asia Mobiliti’s efficient, sustainable, and interconnected mobility solutions improve user experience, reduce congestion and environmental impact, and reshape urban spaces.
SAN ANTONIO, June 26, 2024 /PRNewswire/ — Frost & Sullivan recently researched the mobility-as-a-service (MaaS) industry and, based on its analysis, recognizes Asia Mobiliti with the 2024 Asia-Pacific (APAC) Customer Value Leadership Award. As a pioneering start-up, the company has dedicated itself to reshaping urban mobility by actively developing innovative data products. It specializes in designing, engineering, and operating a cutting-edge data platform aimed at powering intelligent urban mobility. The platform seamlessly connects fleet operators, transport providers, transit authorities, and end users through a data-driven approach. The company’s comprehensive suite of products and services include:
Internet of Things (IoT) and Machine Learning powered digital city solutionsMaaS technologiesDemand-Responsive Transit systemsMobility data servicesAsia Mobiliti’s unique mobility platform integrates IoT and telematics with journey planning, enabling it to lead transport digitalization. The company catalyzes innovative data-driven and artificial intelligence solutions for the transit and mobility ecosystem, facilitating the widespread adoption of MaaS across emerging markets. Asia Mobiliti is at the forefront of revolutionizing intelligent urban mobility, offering diverse products and services. The company’s connected vehicle systems provide real-time tracking and monitoring capabilities for vehicles and fleets. These systems have analytics tools that optimize routes, enhance fuel efficiency, and improve fleet performance. Asia Mobiliti places a significant emphasis on mobility data services, utilizing the power of data to offer valuable insights for informed decision-making processes. Over the long term, it envisions reducing congestion, reducing environmental impact, and reshaping urban spaces while replacing spaces traditionally reserved for parking and traffic with more sustainable, natural living spaces.
Ming Lih Chan, industry principal for Frost & Sullivan’s mobility practice, observed, “Asia Mobiliti disrupts the traditional transportation system model and promotes the development of public travel needs. Its MaaS integrates multiple transportation modes and combines private and public modes of transport with demand-responsive services, which sustainably meets the different needs of the public.”
Asia Mobiliti’s Trek Rides and Trek App solutions represent a paradigm shift in urban mobility. Trek Rides, an on-demand transit service, efficiently fills the first-mile/last-mile gaps by merging the convenience of ride-hailing with the dedicated supply of public transport. This reduces traffic congestion, lowers travel costs, and facilitates the shift towards net-zero emission goals. Trek’s MaaS engine employs advanced algorithms for comprehensive multimodal journey planning, ensuring the seamless integration of various transportation modes. Additionally, Trek API facilitates integration with 3rd-party systems and super apps. Asia Mobiliti’s unique selling proposition lies in its compelling price/performance value within the highly competitive mobility services landscape, granting it a distinctive competitive edge in effectively addressing a broad spectrum of client needs.
“Asia Mobiliti underlines its supremacy in the MaaS sector through its strategic commitment to collaboration and customization. The company is a pivotal partner for governments, transit authorities, and large clients, offering a user-friendly platform backed by cutting-edge technology. Asia Mobiliti earns recognition as the best-in-class provider in the dynamic MaaS landscape for its operational efficiency, consistent revenue growth, and forward-looking expansion strategy,” added Norazah Bachok, best practices research analyst at Frost & Sullivan. As a cost-effective and innovative market player, the company solidifies its position by delivering exceptional client value.
Each year, Frost & Sullivan presents this award to the company that has demonstrated excellence in implementing strategies that proactively create value for customers with a focus on improving the return on the investment that customers make in its services or products. The award recognizes the company’s unique focus on augmenting the value that its customers receive, beyond simply good customer service, leading to improved customer retention and customer base expansion.
Frost & Sullivan Best Practices awards recognize companies in various regional and global markets for demonstrating outstanding achievement and superior performance in leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analyses, and extensive secondary research to identify best practices in the industry.
About Frost & Sullivan
For six decades, Frost & Sullivan has been world-renowned for its role in helping investors, corporate leaders, and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion. Contact us: Start the discussion.
Contact:
Tarini SinghP: +91 9953764546E: [email protected]
About Asia MobilitiFounded in 2018 and based in Kuala Lumpur, Malaysia, Asia Mobiliti is an award-winning, Malaysia Digital status company providing a Mobility-as-a-Service (MaaS) platform and digital city solutions designed and engineered for the developing world. We adopt a technology platform approach with a core software-defined engine that is capable of spawning innovative mobility solutions that encompass Internet of Things (IoT)-enabled advanced telematics, machine learning-based mobility-as-a-service technology, as well as a wide variety of transit technologies, such as demand-responsive transit, transport service analytics, condition monitoring for rail and road and account-based ticketing and payments.
For more information, visit asiamobiliti.com or email [email protected]
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View original content:https://www.prnewswire.co.uk/news-releases/asia-mobiliti-applauded-by-frost–sullivan-for-powering-intelligent-urban-mobility-and-offering-customer-value-with-its-maas-solutions-302182092.html
Region sees 108% increase in voice scams as fraudsters continue shift to mobile
MELBOURNE, Australia and MUMBAI, India, June 25, 2024 /PRNewswire/ — A new financial crime report out today details how criminal organizations in the APAC region now outsource the laundering of money stolen via scams to international syndicates specializing in this cleaning. BioCatch identified and helped APAC banks shut down more than 150,000 money mule accounts in 2023 and estimates exponentially more such accounts in use across the region.
“Where there are scams, there are mules,” BioCatch Director of Global Fraud Intelligence Tom Peacock said. “Criminal organizations use these mule accounts as intermediate stops between the victim’s bank account and the final account from which they plan to withdraw their stolen money. The mules we’ve identified almost certainly represent a tiny fraction of those actively laundering money in the region, with more cropping up every day. Financial institutions in APAC and around the world must do more to identify these mules, hamper their ability to open new accounts, and identify those legitimate accounts money launderers succeed in turning from good to bad.”
In this latest edition of its Digital Banking Fraud Trends in APAC report, BioCatch – which identifies and prevents fraud and financial crime in real time by analyzing as many as 3,000 different physical behavior patterns (mouse movements and typing speed, for example) and cognitive signals (hesitation, segmented typing, etc.) in search of anomalies – points to mobile malware as the greatest threat to banks in Southeast Asia in 2024.
“Whether through SMS-mining or illegal loan apps, we’ve seen an explosion in Android-based malware in the region,” Peacock said. “Malware developers continue to innovate, circumventing bank and Google Play Store defenses to harvest what they need from mobile devices to access digital banking accounts and then transfer away the victim’s funds to a money mule.”
There is reason for hope in fighting fraud in APAC, however. In Australia, the number of reported scam cases grew by 13% in 2023, but scam losses declined by $90 million.
“Nine out of the 10 largest Australian banks employ BioCatch solutions to protect their customers from fraud and financial crime by analyzing the behavior of the user behind every online banking session,” BioCatch APAC Vice President Richard Booth said. “Already in 2024, we see massive progress: Money lost to fraud in the country declined by 48% in the first quarter of this year compared to Q1 of 2023. It’s difficult to reach any conclusion other than that BioCatch has left Australian digital-banking customers far safer from fraud than they were before.”
Other key findings:
No desktop or laptop needed: BioCatch found as much as 70% of all reported frauds in APAC originated from mobile apps in 2023, an increase of 17% from the year before.Scams are everywhere: Across the region, the number of reported voice scams increased by 108% in 2023.Australia bucking all trends: In addition to seeing fraud losses actually decline, the nation also saw fewer fraud cases involving malware or Remote Administration Tools (RATs) in 2023 than it did in 2022.Click here to access BioCatch’s complete 2024 Digital Banking Fraud Trends in APAC report.
About BioCatch:BioCatch stands at the forefront of digital fraud detection, pioneering behavioral biometric intelligence grounded in advanced cognitive science and machine learning. BioCatch analyzes thousands of user interactions to support a digital banking environment where identity, trust, and ease coexist. Today, more than 30 of the world’s largest 100 banks and 196 total financial institutions rely on BioCatch Connect™ to combat fraud, facilitate digital transformation, and grow customer relationships. BioCatch’s Client Innovation Board – an industry-led initiative featuring American Express, Barclays, Citi Ventures, HSBC, and National Australia Bank – collaborates to pioneer creative and innovative ways to leverage customer relationships for fraud prevention. With more than a decade of data analysis, 92 registered patents, and unmatched expertise, BioCatch continues to lead innovation to address future challenges. For more information, please visit www.biocatch.com.
Media contact:Jay [email protected]
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View original content:https://www.prnewswire.co.uk/news-releases/more-than-150-000-money-laundering-accounts-detected-in-apac-302181474.html
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
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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