Connect with us
European Gaming Congress 2024

Artificial Intelligence

Extensive R&D Activities for Discovering New Materials to Drive Materials Informatics Market Size to USD 497.2 Million by 2028, At CAGR of 25% – Exclusive Report By Acumen Research & Consulting

Published

on

LOS ANGELES, July 05, 2022 (GLOBE NEWSWIRE) — A recent report published by Acumen Research And Consulting says that the global material informatics market size is anticipated to be worth USD 497.2 Million by 2028, escalating at a CAGR of 25% from 2021 to 2028.

Materials Informatics is a combination of materials science and informatics that aims to improve the selection, use, development, and discovery of materials. In simple words, “materials informatics” is an innovative data-driven technology that predicts upcoming materials by combining fundamental and experimental data from materials by the assistance of advanced statistical models. The significant urge to develop new materials is the primary factor boosting the global material informatics market revenue.

According to our current materials informatics industry analysis, the growing adoption of futuristic technologies such as artificial intelligence (AI) and machine learning (ML) in MI is expected to boost the market. Materials informatics is the use of algorithms to analyze large amounts of material data in order to provide novel insights and address key material challenges. Informatics is rapidly growing in popularity and interest, and it is gaining wide acceptance and visibility. Government, private, and nonprofit efforts are adopting innovative ways to perform analysis of the data, method development, and swift data collection, as materials informatics, is expected to shorten the period for material development from discovery to implementation. This is currently a 10- to 20-year process, and there is a substantial public interest in shortening this time frame.

The increasing research & development activities in the material field will automatically support the market size of the material informatic industry. There is currently a push to create materials databases based on highly structured processing as these will empower materials informatics techniques and could aid in materials discovery, innovation, and deployment. The Ministry of Trade, Industry, and Energy announced the “plan of reinforcing digital material advancement by accumulating and using data” in March 2021. It plans to develop new, better materials faster than traditional material leading companies such as the United States and Japan.

Request for a free sample report @

Advertisement

https://www.acumenresearchandconsulting.com/request-sample/2788

Materials Informatics Market Report Coverage:

Market Global Materials Informatics Market
Market Size 2021 USD 101.4 Million
Market Forecast 2028 USD 497.2 Million
CAGR During 2021 to 2028 Over 25%
Analysis Period 2021 – 2028
Base Year 2020
Forecast Data 2022 – 2028
Segments Covered By Material, By Technique, By Application and By Region
Regional Scope North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Key Companies Profiled AI Materia, Alpine Electronics, Inc., Citrine Informatics, BASF, Kebotix, Nutonian Inc., Phaseshift Technologies, Materials Zone Ltd., and Schrodinger
Report Coverage Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis
Customization Scope 10 hrs of free customization and expert consultation

In addition to US efforts, there are other global projects, such as the European Union’s NoMaD repository and the European Commission Joint Research Centre’s MatDB that have been developed to address infrastructure requirements. Similarly, the Japanese National Institute of Materials Science is also investigating ways to expand its current databases to address this issue. In Korea, for example, the Ministry of Trade, Industry, and Energy announced plans to invest KRW 180 billion or more in developing the foundation for digital transformation in the machine robot and material parts fields, as well as to launch the “digital industrial innovation big data platform.” As a result, the material informatics industry is not only driven by increasing R&D activities but by the increasing levels of investments.

To date, material informatics has not received as much attention in industry as physics-based supercomputing materials methods, but it is gaining traction, with companies such as IBM announcing plans to use materials informatics to aid in materials discovery. Materials informatics has traditionally concentrated on fundamental materials design and discovery at the laboratory scale, but there is the potential for significant practical impact further downstream in the materials life span. It is becoming clear that there must be a connection between material development, manufacturing, and the life cycle. Materials informatics can benefit areas such as research and development (R&D), product design, and manufacturing with informatics addressing discovery, selection, and optimization for use, as well as certification and manufacturing.

Check the detailed table of contents of the report @

Advertisement

https://www.acumenresearchandconsulting.com/table-of-content/materials-informatics-market

Global Materials Informatics Market Segmentation

The material informatics market is divided into four categories: material, technique, application, and geography.

Materials Informatics Market by Material

  • Inorganic Materials
  • Organic Materials
  • Hybrid Materials

According to our material informatics market forecast, the hybrid material is expected to grow at the fastest rate (CAGR) over the forecasted timeframe.

Materials Informatics Market by Technique

Advertisement
  • Deep Tensor
  • Digital Annealer
  • Statistical Analysis
  • Genetic Algorithm

According to our analysis, the digital annealer market occupied a significant market share in 2021 and is expected to continue this trend in the coming years.

Material Informatics Market by Application

  • Chemical Industries
  • Electronics
  • Dyes
  • Material Science
  • Paper & Pulp
  • Food Science
  • Research and Development Agencies

According to our research, research and development agencies captured an outstanding share of the application segment because material informatics is still in growth and without new R&D activities, market growth will slow gradually.

Material Informatics Market Regional Outlook

The material informatics market is divided into five regions: North America, Asia-Pacific, Latin America, Europe, the Middle East, and Africa. North America held the largest market share in 2020 and is expected to continue to do so in the coming years. This could be attributed to their government’s increasing number of large-scale nationwide projects to initiate material development. The Asia-Pacific region, on the other hand, is expected to experience significant market growth from 2021 to 2028. The Asia-Pacific material informatics market would benefit from a high level of interest in this sector in countries such as Japan and China. Japan, for example, has formed a consortium with 18 companies, including Idemitsu, Konica Minolta, Ube Industries, Toray, and Showa Denki. This collaboration which is led by the Ministry of Economy, Trade, and Industry is called as Advanced Materials High-Speed Development Technology Research Association (ADMAT) is developing functional materials using numerous kinds of material data in collaboration with the National Institute of Advanced Industrial Science and Technology (AIST) and ten universities.

Buy this premium research report – https://www.acumenresearchandconsulting.com/buy-now/0/2788

Material Informatics Market Players

Advertisement

The leading material informatics companies presented in the report include AI Materia, Alpine Electronics, Inc., Citrine Informatics, BASF, Kebotix, Nutonian Inc., Phaseshift Technologies, Materials Zone Ltd., and Schrodinger.

Few Related Reports

The global healthcare informatics market size was valued at USD 34,774 Million in 2021 and is estimated to reach the market size of USD 98,679 Million by 2030, growing at CAGR of 12.4% from 2022 to 2030.

The global laboratory informatics market size is projected to grow at a CAGR of 4.2% from 2020 to 2027, and reach the market size of around USD 4.0 Billion by 2027.

The global core materials market size is expected to reach the market value of around USD 3 Billion by 2027 and is projected to grow at a CAGR of 14% during the forecast period from 2020 to 2027.

Advertisement

The global aerospace materials market size is projected to reach the market value of around USD 7 Billion by 2027 and is anticipated to grow at a CAGR of around 6.7% in terms of revenue during the forecast period 2020 to 2027.

About Acumen Research And Consulting:

Acumen Research and Consulting is a global provider of market intelligence and consulting services to information technology, investment, telecommunication, manufacturing, and consumer technology markets. ARC helps investment communities, IT professionals, and business executives to make fact-based decisions on technology purchases and develop firm growth strategies to sustain market competition. With the team size of 100+ Analysts and collective industry experience of more than 200 years, Acumen Research and Consulting assures to deliver a combination of industry knowledge along with global and country level expertise.

For Latest Update Follow Us:

https://twitter.com/AcumenRC

Advertisement

https://www.facebook.com/acumenresearchandconsulting

https://www.linkedin.com/company/acumen-research-and-consulting

Contact Us:

Mr. Richard Johnson

Acumen Research and Consulting

Advertisement

USA: +1 347 474 3864

India: +91 8983225533

E-mail: [email protected]

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

Artificial Intelligence

18 of the Top 20 Medtech Companies Partner with Veeva MedTech to Get Devices and Diagnostics to Patients Faster

Published

on

18-of-the-top-20-medtech-companies-partner-with-veeva-medtech-to-get-devices-and-diagnostics-to-patients-faster

More than 125 medtech customers use Veeva applications for seamless execution across product development
BARCELONA, Spain, Oct. 2, 2024 /PRNewswire/ — Veeva Systems (NYSE: VEEV) today announced that 18 of the top 20 medtech companies leverage Veeva Development Cloud and Veeva Commercial Cloud applications to streamline processes across the total medtech product lifecycle. Veeva MedTech enables more than 125 customers with deep industry expertise and technology from ideation to commercialization. With an increasing need to keep up with industry changes for faster time to market, medtech companies are moving to connected applications on a single cloud platform to execute key processes more efficiently.

“With dozens of studies across hundreds of global sites, simplifying clinical operations with unified document management and streamlined workflows is a top priority,” said Matt Christensen, senior vice president at Smith+Nephew. “Using Veeva MedTech’s unified clinical solution drives transparency, ensures integrity of study files, and speeds trial timelines.”
Veeva MedTech enables end-to-end product lifecycle management with Veeva Vault Clinical, Veeva Vault RIM, Veeva Vault Quality, and Veeva Vault Commercial. Using advanced applications built with medtech industry best practices, customers can access real-time insights to make data-driven decisions, automate processes, and maintain inspection readiness. This reduces manual work and improves cross-team collaboration while driving growth, cost efficiency, and compliance.
“This momentum shows that the global medtech industry has made great strides in modernizing systems, establishing a foundation across the product lifecycle to leverage into the future,” said Seth Goldenberg, vice president, Veeva MedTech. “With the top medtech leaders standardizing on Veeva applications, we will continue to learn and advance the industry toward more streamlined processes to deliver innovative new devices and diagnostics to patients in need.”
More than 200 industry professionals will network, share best practices, and hear valuable insights from medtech leaders, including Bio-Rad Laboratories, Philips, and ZEISS Medical Technology, at Veeva MedTech EU Summit. Medtech industry professionals can register for the Nov. 5 – 7 event in Amsterdam.
About Veeva SystemsVeeva is the global leader in cloud software for the life sciences industry. Committed to innovation, product excellence, and customer success, Veeva serves more than 1,000 customers, ranging from the world’s largest biopharmaceutical companies to emerging biotechs. As a Public Benefit Corporation, Veeva is committed to balancing the interests of all stakeholders, including customers, employees, shareholders, and the industries it serves. For more information, visit veeva.com/eu.
Veeva Forward-looking StatementsThis release contains forward-looking statements regarding Veeva’s products and services and the expected results or benefits from use of our products and services. These statements are based on our current expectations. Actual results could differ materially from those provided in this release and we have no obligation to update such statements. There are numerous risks that have the potential to negatively impact our results, including the risks and uncertainties disclosed in our filing on Form 10-Q for the period ended July 31, 2024, which you can find here (a summary of risks which may impact our business can be found on pages 36 and 37), and in our subsequent SEC filings, which you can access at sec.gov.
Contact:
Jeremy WhittakerVeeva [email protected]
Logo – https://mma.prnewswire.com/media/1488285/Veeva_Systems_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/18-of-the-top-20-medtech-companies-partner-with-veeva-medtech-to-get-devices-and-diagnostics-to-patients-faster-302265339.html

Continue Reading

Artificial Intelligence

Cybersecurity is fastest growing IT occupation in the UK, reveals Socura report

Published

on

cybersecurity-is-fastest-growing-it-occupation-in-the-uk,-reveals-socura-report

But skills gap persists with just one security professional for every 86 companies
CARDIFF, Wales, Oct. 2, 2024 /PRNewswire/ — Socura, a UK-based cybersecurity services business that protects many of the nation’s biggest NHS trusts, councils, and private companies, has released its UK cybersecurity careers 2024 report, ‘Their next job was in cyber’. 

The report is released four years after the UK government’s infamous ‘Fatima’ ballet ad promoting cyber as a career option. Based on Office of National Statistics data, it reveals that cybersecurity is now the fastest growing tech occupation in the UK, with the number of people in cyber roles more than doubling (128%) between 2021 and 2024. Despite this growth rate, there are not yet enough cybersecurity professionals to tackle the growing threat to UK businesses, with only one security pro for every 86 companies. 
Other key findings of Socura’s report include: 
There are 4,600 more women in cybersecurity roles in 2024 compared to 2021. However, the percentage of women in cybersecurity roles has decreased and now stands at 17%, down from 24%. London is less of a hub for cybersecurity professionals than it is for other IT professionals. 25% of all IT workers are based in London, compared to 17% of cyber workers.Northern Ireland and Wales are the countries in the UK with the fewest cybersecurity professionals. “Cybersecurity may be the fastest growing IT occupation in the UK but the skills shortage in the industry remains a concern,” said Andy Kays, CEO at Socura. “Many businesses simply do not have the specialists they need to defend against cyber attacks.  
“To fix this problem at a national level, we need more initiatives like the NCSC-backed Academic Centres of Excellence and ways to reach even younger people so that they can discover technology in schools. For organisations struggling to recruit cybersecurity experts, finding a trusted managed services partner to bolster capabilities and ease the load remains vital to bridging the gap.” 
“Attracting more workers, particularly women, into cyber remains a key challenge for the industry,” said Dr Kathryn Jones, Head of School, Computer Science and Informatics at Cardiff University. ”However, gender imbalance and the low representation of women is a wider issue in the tech sector, not only cybersecurity. The number of women enrolled on computer science and software engineering courses, for example, is typically also low.  
“Cybersecurity is an exciting and varied career choice but more initiatives like the NCSC’s Cyber First Girls competition are needed to raise awareness.” 
Resources 
Read summary blogDownload full report Methodology Socura’s analysis is based on UK ONS annual population survey data, which tracks occupation figures based on 15 IT-related Standard Occupational Classification (SOC2020) codes such as 2135 cybersecurity professionals. The ONS annual population is a continuous survey that consists of 12 months of survey data, which is broken down and released on a quarterly basis. 
About Socura Socura reduces cyber risk by proactively detecting and responding to threats, 24/7. Our Managed Detection and Response (MDR) service operates as an extension of an organisation’s security team – supplying highly skilled SOC experts and the additional capabilities needed to scale security operations and accelerate response to attacks. 
Image – https://mma.prnewswire.com/media/2521615/Their_Next_Job_was_in_Cyber.jpgLogo – https://mma.prnewswire.com/media/2449813/Socura_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/cybersecurity-is-fastest-growing-it-occupation-in-the-uk-reveals-socura-report-302265485.html

Continue Reading

Artificial Intelligence

Euromonitor International launches Passport AI – a gamechanger for the data analysis industry

Published

on

euromonitor-international-launches-passport-ai-–-a-gamechanger-for-the-data-analysis-industry

Passport AI will leverage the power of generative AI to transform the way our clients’ access and use market intelligencePassport AI’s impressive features, combining cutting-edge artificial intelligence with human intelligence, will ensure fast and easy access to the Passport platform Paradigm shift solution utilises a powerful combination of technologies and approachesLONDON, Oct. 2, 2024 /PRNewswire/ — Euromonitor International has today launched Passport AI – a game changer for the data analysis industry.

Passport AI is specially designed to supercharge the power of data analytics firm Euromonitor International’s market intelligence expertise. The platform will leverage the power of generative AI to transform the way clients are able to access and use Euromonitor’s market intelligence.
Euromonitor’s Passport AI utilises a powerful combination of technologies and approaches: 
Large Language Models (LLMs): These powerful AI models are trained on massive amounts of text data. Passport AI leverages LLMs to understand your natural language questions and identify relevant information within our extensive content library.Retrieval Augmented Generation (RAG): This approach ensures Passport AI stays grounded in fact-based information. Instead of creating entirely new responses, RAG retrieves and summarises relevant content from trusted Euromonitor publications. This allows clients to verify the source of the information and feel confident in its reliability. Multi-Agent System (MAS): This innovative system acts behind the scenes, working like a team of virtual researchers. MAS helps Passport AI refine your question and identify the most relevant information across our content, even with terminology specific to Passport or newly introduced natural language search. Combining cutting-edge artificial intelligence with human intelligence
Lamine Lahouasnia, Director of Generative AI at Euromonitor International, said: “We are already the first destination for organisations seeking growth and Passport AI’s impressive features, combining cutting-edge artificial intelligence with human intelligence, will ensure fast and easy access to our Passport product and our data analytics.
“Unlike other generative AI tools, the information provided by Passport AI is 100% sourced from Euromonitor’s trusted content. This transparency allows users to interrogate the underlying sources and have complete confidence in the credibility of the answers they receive.”
Tim Kitchin, CEO of Euromonitor International, said: “This significant investment in Passport AI underscores our dedication to client empowerment and demonstrates our commitment to continuous product improvement. We believe Passport AI will help clients derive even more value from the intelligence they already have access to within Passport, make the most of opportunities our insights uncover and achieve greater success.”
For more information about Passport AI book a demo.

View original content:https://www.prnewswire.co.uk/news-releases/euromonitor-international-launches-passport-ai–a-gamechanger-for-the-data-analysis-industry-302265417.html

Continue Reading
Advertisement
Advertisement

Latest News

Trending