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With 39.2% CAGR, Global Virtual Reality in Manufacturing Industry Size Worth USD 14.8 Billion in 2026

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Pune, India, Aug. 25, 2022 (GLOBE NEWSWIRE) — A recently published report by Fortune Business Insights titled, “Virtual Reality in Manufacturing Industry Share, Trends & Industry Analysis, By Component, By Application and Regional Forecast, 2022-2026,” states that the market value was USD 924.7 million in 2018 and is expected to rise at a CAGR of 39.2% to reach USD 14,887.0 million by the end of 2026. The global virtual reality in manufacturing industry size is projected to witness substantial growth owing to the increasing trend of digitalization accepted across almost all commercial sectors worldwide. There is a rise in demand for advanced solutions in the manufacturing sector for optimizing any chances of uncertainty or error and this propelled the installation of virtual reality solutions in most of the production companies worldwide.

Industry Developments:

  • November 2016 – Autodesk and HTC entered into a joint venture to form a cloud-based design engine for combining the HTC vive and Forge platforms to provide VR experience to their customers. The main aim is to revolutionize the method with which designers create, form models, and collaborate for an immersive VR experience.
  • May 2015 – The release of EON World Builder (TM) beta was announced by EON Reality Inc. This builder allows the users to create, upload, build, and share any design of their choice. This application is present in the EON Experience VR Library and is accessible on android or IOS phones.

Request Sample Copy of the Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/virtual-reality-vr-in-manufacturing-industry-101714

Report Scope:

Report Coverage Details
Forecast Period 2022 to 2026
Forecast Period 2022 to 2026 CAGR 39.2 %
2026 Value Projection USD 14887.0 Million
Base Year 2018
Market Size in 2018 USD 924.7 Million
Historical Data for 2015 to 2017
No. of Pages 120
Segments covered By Component, Application and Region
Growth Drivers Growing Demand for Minimizing Operational Cost, Increase Automation, and Quality Control is Expected to Drive the Market Growth
Emergence of Advanced Technologies is likely to boost the demand for VR in Manufacturing
VR Hardware Segment is Projected to Propel the Market Growth

Drivers & Restraints-

Rising Demand for Minimizing Operational Cost Will Aid in Expansion of Market

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Some of the driving factors for the Virtual Reality in Manufacturing Industry are growing demand from manufacturers for minimizing operational cost, increase automation, predictive maintenance, and quality control and emergence of advanced technologies such as Industry 4.0, digital twin, artificial intelligence and IoT.

Manufacturers across all sectors are increasingly demanding quality control, increasing automation, minimized operational cost, and predictive maintenance. This propels the demand for Visual Reality applications in production companies. To cite an instance, VR skylight platform and VR smart glasses are used by Boeing for guiding technicians with their viewfinder, thus helping the company to lessen their wiring construction time by 25%. Such innovative technologies applied to ease manufacturing processes are likely to positively contribute to the virtual reality in manufacturing industry growth in the forthcoming years.

Additionally, massive investments in advanced solutions for virtual reality technology by economically established companies will also add impetus to the market.

Regional Analysis-

Presence of Established IT Infrastructure May Help North America to Continue Dominance

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Regionally, North America earned the highest virtual reality in manufacturing industry share in 2018 with a revenue of 359.5 million and is likely to continue dominating the market in the years to follow. This is owing to the presence of well-established IT infrastructure, further attributed to the early adoption of advanced technologies in the region. On the other side, Asia Pacific is likely to rise robustly as manufacturing is one of the prominent businesses in nations such as India, Japan, and China that demand advanced manufacturing solutions. This will further propel the demand for virtual reality applications across all manufacturing companies across the region.

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Segment-

Product Design and Development Segment to Witness Significant Growth Owing to Problem Recognition and Solving Abilities in Initial Stages of Production

In terms of application, the product design and development segment earned a 28.8% share on account of its seamless ability to replicate product design or prototype in its primary stage. Engineers can easily save the overall production cost and time by identifying and fixing any issue in its initial stage. Thus, this segment will witness significant growth in the coming years.

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An Overview of the Impact of COVID-19 on this Market:

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

Competitive Landscape-

Collaborative Efforts and Innovative Product Launches will Intensify Competition

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Companies functioning in this market are engaging in collaborative efforts and new product launches to expand their portfolio during the forecast period.

In the virtual reality in manufacturing industry, some of the key players are Facebook, Google, Microsoft, HTC. These players are focusing on acquisition and partnership with domestic players to provide virtual reality applications in manufacturing.

Have Any Query? Speak to Analyst: https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/virtual-reality-vr-in-manufacturing-industry-101714

This Report Answers the Questions Below:

  • Which strategies are applied by significant players to intensify market competition?
  • How will the market witness growth in the coming years with changing consumer preferences for industrial robots?
  • Which region is likely to dominate the market in terms of revenue?
  • What is the competitive landscape of the market?

Fortune Business Insights™ lists the names of significant players in Virtual Reality in Manufacturing Industry. These include:

  • Groove Jones LLC
  • NVIDIA Corporation
  • WorldViz
  • EON Reality Inc
  • Samsung
  • Sony
  • Microsoft
  • Virtuix
  • NextVR Inc.
  • Magic Leap Inc.
  • Facebook Technologies, LLC
  • HTC Corporation
  • Google
  • Unity Technologies

Quick Buy – Virtual Reality in Manufacturing Industry Research Report:

https://www.fortunebusinessinsights.com/checkout-page/101714

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Major Points in TOC:

  • Introduction
    • Definition, By Segment
    • Research Approach
    • Sources
  • Executive Summary
  • Market Dynamics
    • Drivers, Restraints and Opportunities
    • Emerging Trends
  • Key Insights
    • Macro and Micro Economic Indicators
    • Consolidated SWOT Analysis of Key Players
  • Global Virtual Reality in Manufacturing Industry Analysis, Insights and Forecast, 2015-2026
    • Key Findings / Summary
    • Market Size Estimates and Forecasts
      • By Component (Value)
        • Hardware
        • Software
        • Content
      • By Application (Value)
        • Product Design and Development
        • Safety and Training
        • Maintenance and Repair
        • Communication and Collaboration
      • By Geography (Value)
        • North America
        • Europe
        • Asia Pacific
        • Middle East and Africa
        • Latin America
  • North America Virtual Reality in Manufacturing Industry Analysis, Insights and Forecast, 2015-2026
    • Key Findings / Summary
    • Market Size Estimates and Forecasts
      • By Component (Value)
        • Hardware
        • Software
        • Content
      • By Application (Value)
        • Product Design and Development
        • Safety and Training
        • Maintenance and Repair
        • Communication and Collaboration
      • By Country (Value)
        • United States
        • Canada
  • Europe Virtual Reality in Manufacturing Industry Analysis, Insights and Forecast, 2015-2026
    • Key Findings / Summary
    • Market Size Estimates and Forecasts
      • By Component (Value)
        • Hardware
        • Software
        • Content
      • By Application (Value)
        • Product Design and Development
        • Safety and Training
        • Maintenance and Repair
        • Communication and Collaboration
      • By Country (Value)
        • UK
        • Germany
        • France
        • Italy
        • Sweden
        • Rest of Europe
  • Asia Pacific Virtual Reality in Manufacturing Industry Analysis, Insights and Forecast, 2015-2026

TOC Continued…!

FAQs:

  1. At what compound annual growth rate (CAGR) will the global Virtual Reality in Manufacturing Industry grow?

The market will grow at a rate of 39.2% CAGR. Manufacturers are more inclined towards leveraging benefits of advanced technologies in automation processes.

  1. How big is the Virtual Reality in Manufacturing Industry?

North America is projected to hold the largest market share in the Virtual Reality in Manufacturing Industry. The rapid adoption of advanced technologies and substantial investments of organizations in R&D would expand the market size across the region

About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

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Artificial Intelligence

AMI Partners with Samsung to Bring Firmware Security to PCs

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ATLANTA, Oct. 8, 2024 /PRNewswire/ — AMI®, the global leader in Dynamic Firmware for worldwide computing, has partnered with Samsung Electronics, the global leader in consumer technology, to create an enhanced joint security solution available in Samsung’s Galaxy Book PCs. Alongside Samsung’s multi-layer security platform Samsung Knox, AMI’s Tektagon™ – the industry-leading Platform Root of Trust firmware security solution – is now integrated into Samsung PCs including the Galaxy Book5 Pro 360, Galaxy Book4 Pro, Galaxy Book4 Pro 360, and Galaxy Book4 Ultra. 

Through this collaborative partnership, AMI’s Tektagon seamlessly integrates with Samsung Knox to ensure that confidential and sensitive data stays safe at every layer of the device through real-time threat detection and collaborative protection, while providing the highest level of security against firmware-injected malware to help prevent ransomware and denial of service attacks.
“As a leading supplier of endpoint technology to global government and commercial industries, Samsung is committed to securing its platforms at all levels,” said Dr. Hark-Sang Kim, EVP & Head of New Computing R&D Team, Mobile eXperience Business at Samsung Electronics. “Integrating AMI’s Tektagon solution into our latest Galaxy Books provides powerful and comprehensive protection at the platform’s foundation.”
The Samsung Knox platform leverages the motherboard’s existing embedded processor to provide a hardware-backed secure platform, which includes AMI’s Tektagon security technology. Thanks to AMI’s leading capabilities as a firmware provider, the need for additional components is reduced while hardware-rooted security is still seamlessly delivered.
“AMI is extremely proud of our work integrating our Tektagon Platform Root of Trust solution into Samsung Galaxy Book series notebooks,” said Stefano Righi, Senior Vice President of the AMI Global Software and Security Group. “Together Samsung and AMI are helping to reduce the cyber threat landscape, securing business endpoints around the world from malicious attacks.”
The Samsung Galaxy Book5 Pro 360, Galaxy Book4 Pro, Galaxy Book4 Pro 360 and Galaxy Book4 Ultra with AMI Tektagon Platform Root of Trust are available today and can be ordered directly from Samsung.
Follow AMI on LinkedIn and Twitter/X to receive the latest news and announcements.
AMI® and Tektagon™ are registered trademarks/trademarks of AMI in the US and/or elsewhere. Galaxy Book and Knox are trademarks of Samsung Electronics Co. Ltd. in the United States and other countries. All other trademarks and registered trademarks are the property of their respective owners.
About AMI
AMI is Firmware Reimagined for modern computing. As a global leader in Dynamic Firmware for security, orchestration, and manageability solutions, AMI enables the world’s compute platforms from on-premises to the cloud to the edge. AMI’s industry-leading foundational technology and unwavering customer support have generated lasting partnerships and spurred innovation for some of the most prominent brands in the high-tech industry.
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Artificial Intelligence

Globally Renowned MarTech Platform, Netcore Cloud Announces Strategic Partnership with Tall Bob Collaboration to enhance Customer Engagement capabilities for customers in Australia and New Zealand

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SYDNEY, Oct. 8, 2024 /PRNewswire/ — Netcore Cloud, a leading customer experience and engagement platform, is pleased to announce a strategic partnership with Tall Bob, a premier SMS service provider headquartered in Australia with direct connections to the Mobile Network Operators. This collaboration introduces a newly developed SMS plugin specifically designed to empower Australian businesses with advanced SMS marketing capabilities integrated seamlessly into Netcore Cloud’s omnichannel marketing platform.

The partnership with Tall Bob aligns with Netcore Cloud’s strategy to strengthen its presence in the Australian and New Zealand MarTech ecosystem. By integrating local SMS services through Tall Bob, Netcore Cloud enhances its commitment to providing region-specific solutions that enable personalized, real-time communication. This partnership reflects Netcore’s dedication to driving customer engagement by offering tailored marketing solutions that meet the unique needs of Australian and New Zealand businesses.
The newly developed SMS plugin simplifies SMS integration into customer engagement strategies, enabling businesses to connect with their customers through personalized, scalable SMS campaigns. Key features of the plugin include:
Easy integration: A user-friendly setup process allows businesses to quickly incorporate SMS into their existing marketing strategies.Real-time analytics: The plugin provides robust tracking and analytics to measure the performance of SMS campaigns in real time, helping businesses optimize their marketing efforts.Compliance with local regulations: Ensuring adherence to Australian SMS marketing regulations, the plugin provides businesses a secure and compliant solution.Scalability: Designed to support campaigns of all sizes, from small businesses to large enterprises, enabling broad market reach.Accessibility: Tall Bob’s service layer provides customers with a deep understanding of best practice marketing campaigns, automation, segmentations and message design, resulting in better customer experiences and revenue growth for Netcore and Tall Bob’s clients.Ari Berman – Co-Founder and Commercial Director, Tall Bob said, “This partnership brings together Tall Bob’s local SMS expertise and Netcore Cloud’s global MarTech innovations, providing Australian businesses with a powerful, integrated solution to boost customer engagement and improve marketing performance. I am excited to witness how our collaboration not only simplifies SMS integration but also opens the door to a more holistic approach to communication, enabling brands in Australia and New Zealand to build stronger relationships with their customers.” 
Adding to this, Abithab Bhaskar, CEO – International Business, Netcore Cloud said, “Our shared vision is to enable Australian businesses to harness the full potential of real-time, personalized communication, elevating their marketing strategies to new heights. By combining forces, Netcore Cloud and Tall Bob are positioned to lead the way in delivering innovative, data-driven marketing solutions that empower businesses to connect with their customers like never before.”
About Netcore Cloud
Netcore Cloud, a global leader in marketing technology, empowers marketers with its comprehensive Customer Engagement and Experience Suite to create personalized, omnichannel experiences. Leveraging AI to integrate customer data, Netcore enables targeted segments and meaningful digital interactions. Trusted by over 6,500 brands across sectors like Ecommerce, Retail, Banking and Financial Services, Media and Entertainment, and Travel, its marquee clients include Walmart, Unilever, Tommy Hilfiger, Domino’s, McDonald’s, Pizza Hut, and Crocs.
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Artificial Intelligence

Dark Fiber Market Size to Grow USD 7594 Million by 2030 at a CAGR of 9.09% | Valuates Reports

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BANGALORE, India, Oct. 7, 2024 /PRNewswire/ — Dark Fiber Market is Segmented by Type (Single-Mode, Multi-Mode), by Application (Telecom, Oil & Gas, BFSI, Military & Defense, Medical, Railway, Others): Global Opportunity Analysis and Industry Forecast, 2024-2030.

The Global Dark Fiber Market was valued at USD 4475 million in 2023 and is anticipated to reach USD 7594 million by 2030, witnessing a CAGR of 9.09% during the forecast period 2024-2030.
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Major Factors Driving the Growth of Insect Dark Fiber Market:
The dark fiber market is experiencing robust growth due to the increasing demand for high-speed internet, data transfer, and secure communication infrastructure across various industries. Dark fiber refers to unused fiber-optic cables that are available for lease or purchase, allowing enterprises and service providers to establish private networks with dedicated bandwidth. The surge in data consumption, driven by cloud computing, 5G deployment, data centers, and IoT, has intensified the need for scalable and high-capacity networks, which dark fiber can provide. Additionally, sectors like telecom, IT, and healthcare are adopting dark fiber solutions to ensure better connectivity, network control, and security.
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TRENDS INFLUENCING THE GROWTH OF THE DARK FIBER MARKET
Single-mode fiber plays a crucial role in driving the growth of the dark fiber market due to its ability to support long-distance communication with minimal signal degradation. This fiber type offers high bandwidth and superior performance, making it ideal for telecommunication companies and data centers that require efficient transmission over extensive networks. The rapid increase in data consumption, driven by emerging technologies like 5G, cloud computing, and IoT, has intensified the demand for single-mode fiber. Its cost-effectiveness for long-haul applications further enhances its adoption, as it allows for higher transmission speeds and capacities over longer distances, making it a preferred choice for large-scale network expansion projects.
Multi-mode fiber is a key driver in the dark fiber market due to its efficiency in short-distance data transmission. Multi-mode fibers are particularly effective for data centers and intra-building communication networks where the focus is on high-speed connections over shorter distances. The demand for electric dark fiber, especially in urban infrastructure and renewable energy projects, has surged as these sectors require reliable, high-capacity data transfer solutions. Multi-mode fiber’s cost-effective installation and maintenance, along with its ability to handle high bandwidth over shorter distances, contribute significantly to the market’s growth, providing a reliable infrastructure for electric utilities and smart grid projects.
Telecom is one of the most significant sectors driving the growth of the dark fiber market due to the increasing demand for high-speed internet, large-scale network deployments, and seamless communication infrastructure. The rapid expansion of 5G networks, the need for backhaul connections, and the proliferation of data-intensive applications have all contributed to the growing adoption of dark fiber in the telecom industry. Telecom providers are leveraging dark fiber to reduce latency, enhance scalability, and increase network efficiency, which are critical for delivering enhanced customer experiences and supporting emerging digital services. As telecom networks continue to expand globally, the demand for dark fiber infrastructure is expected to rise.
One of the primary factors driving the growth of the dark fiber market is the exponential surge in global data consumption. With the widespread use of smartphones, connected devices, and the internet, data traffic has increased significantly. Streaming services, online gaming, video conferencing, and cloud computing are all fueling this growth. Dark fiber infrastructure is essential to accommodate this massive data flow, offering the bandwidth and capacity required to support such intensive usage. As businesses and consumers continue to generate more data, service providers rely on dark fiber networks to ensure faster, more reliable connections and to meet the growing demands for data transmission.
The growing adoption of cloud services by enterprises is another critical factor contributing to the growth of the dark fiber market. As businesses migrate their operations and data storage to the cloud, there is an increased need for high-speed, low-latency networks that can handle large volumes of data transmission. Dark fiber provides the necessary infrastructure for private, scalable, and secure network connectivity to the cloud. Enterprises across various industries, including healthcare, finance, and retail, are leveraging dark fiber to ensure seamless access to cloud applications, thus driving market growth. The continued shift toward cloud computing will likely increase demand for dark fiber solutions.
The rapid expansion of data centers worldwide is significantly boosting the dark fiber market. Data centers serve as critical hubs for storing and managing vast amounts of information. To ensure smooth operation, data centers require high-capacity, reliable, and secure fiber-optic networks. Dark fiber networks provide data centers with dedicated, high-performance connectivity, allowing them to scale their operations efficiently. The growth of edge computing and the need for real-time data processing have further intensified the demand for dark fiber connections in data centers. As the number of data centers grows, particularly in emerging markets, the need for dark fiber infrastructure will continue to rise.
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DARK FIBER MARKET SHARE ANALYSISThe dark fiber market shows varying growth trends across different regions, driven by factors like technological advancements and infrastructure investments. North America leads the market due to the rapid expansion of 5G networks, cloud computing adoption, and increasing data center construction. Europe follows closely, with countries investing in high-speed connectivity for smart cities and telecommunications. The Asia-Pacific region is witnessing significant growth, particularly in China, Japan, and India, driven by increased demand for internet services, telecom expansion, and government initiatives supporting digital infrastructure. Meanwhile, Latin America and the Middle East are also emerging as potential markets, propelled by growing data consumption and the need for improved connectivity in underdeveloped areas.
Key Players:
GTT CommunicationsUFINETVikram GroupDEPLUnite Private NetworksSterlite PowerColt Technology ServicesConsolidated CommunicationsCrown CastleNexGen NetworksSorrento NetworksFirstLightMicroscanWindstream Intellectual Property ServicesPurchase Chapters: https://reports.valuates.com/market-reports/QYRE-Auto-8O16959/global-dark-fiber/1
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