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Sensors (Ultra-Thin Glass) Market to Worth $22,309.1 Million by 2030 | Astute Analytica

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New Delhi, Nov. 02, 2022 (GLOBE NEWSWIRE) — There is a growing demand for the sensors (ultra-thin glass) market, as it enables a variety of cutting-edge displays and sensors. For example, ultralow-temperature glass can be used in liquid-crystal displays (LCDs), which provide brighter images with decreased power consumption. Additionally, ultra-thin film transistors (UTFTs) made from ultralow-temperature glass are becoming popular because they offer improved performance and reliability over conventional silicon transistor technology. As the demand for ultrathin glass increases, so does the competition to produce this special material.

Several global sensors (ultra-thin glass) companies are dedicated to producing ultra-thin glass, and they are constantly developing new techniques to make the glass even thinner. Some manufacturers have announced plans to produce glasses that are just 2 nanometers thick. This increased demand has led to significant price hikes for ultralow-temperature glass. For example, a square inch of thick borosilicate glass now costs around $2.5 per square inch, which is more than double the cost three years ago. However, there are also indications that the prices will eventually decline as the industry expands and better techniques are developed.

Traditionally, ultra-thin glass has been difficult to produce across the global sensors (ultra-thin glass) market due to the complexities involved in manufacturing it without compromising its structural integrity. However, new methods have been developed that allow for production of ultra-thin glass without sacrificing its performance and durability.

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The main producers of ultra-thin glass are China and Japan. China is considered the primary supplier because it has a larger production capacity. The Japanese government has funded research into creating thinner and stronger glasses, which has helped drive the demand for this type of glass.

Top 7 Players Generate Around 25% Revenue of Global sensors (ultra-thin glass) Market

Asahi Glass has been a leading producer of ultra-thin glass for over two decades. With an existing supply chain and a strong technical foundation, Asahi is well-positioned to capitalize on the growing demand for ultra-thin glass from the semiconductor and display industries.

Ultra-thin glass is a key component for high-performance displays, LEDs, and solar cells across the sensors (ultra-thin glass) market. Asahi’s technology capabilities enable it to produce ultra-thin sheets with controlled thicknesses and smooth surfaces. Ultra-thin sheets have numerous advantages, including increased light transmission, longer device durability, and reduced power consumption.

The company has an extensive R&D program that focuses on developing new manufacturing technologies and products. Asahi’s research team also conducts studies on how various social issues, such as environmental impact and wastefulness, affect product design.

Samsung Electronics is one of the world’s leading electronics companies, with a portfolio that spans smartphones, televisions, home appliances, and more. The company in the sensors (ultra-thin glass) market manufactures some of the most popular sensors (ultra-thin glass) products available on the global market due to its robust R&D capabilities and significant investment in research & development programs over the years.

Samsung generated millions of dollars from sensor (ultra-thin glass) products in 2021, making it another player that generates a significant amount of revenue from this niche segment of the industry. Additionally, Samsung has announced plans to establish a new campus for innovation focused on flexible displays and artificial intelligence at its Suwon factory in South Korea by 2020 to augment its current sensor.

Strong Demand for Ultra-Thin Glass is Coming from Solar Cells

Ultra-thin glass has long been seen as a material of choice for solar cells due to its ability to convert light into electrical energy. However, the cost of producing the glass has limited its widespread adoption. Astute Analytica’s analysis finds that the price of ultra-thin glass is set to decrease significantly over the next three years, which will result in an increase in its use in solar cells.

This decrease in price is thanks to two factors: first, there is increasing demand for solar cells from businesses and governments; and second, manufacturers are working on new methods of creating ultra-thin glass that are more affordable. By 2030, Astute Analytica estimates that the global sensors (ultra-thin glass) market will be worth $22.3 billion. This increase in demand will lead to an increase in production, which in turn should help drive down prices further.

We forecast that the demand for sensors (ultra-thin glass) market will grow by 25% over the next five years. The primary drivers of this growth rate are the increased efficiency of solar cells and the increased development of new applications. In particular, ultra-thin glass is being used more commonly to create hybrid solar cells that combine conventional silicon cells with thin film cells made from cadmium telluride or copper indium gallium selenide. This allows solar developers to make thinner panels with less material, which results in greater efficiency.

Despite these benefits, there are still some challenges in the sensors (ultra-thin glass) market that need to be addressed before ultra-thin glass solar panels become widespread. For example, it’s difficult to manufacture them in large enough quantities and they tend to be very expensive. However, with continued innovation and increased competition from other renewable energy sources such as wind and solar power, it’s likely that these challenges will eventually be overcome.

Browse summary of the report and Complete Table of Contents (ToC): https://www.astuteanalytica.com/industry-report/sensors-ultra-thin-glass-market

Emerging Trend of Foldable Phones to Give Impetus to Global Sensors (Ultra-Thin Glass) Market

The increasing demand for foldable phones is set to give a boost to the ultra-thin glass industry, with our analysts predicting that sales of these devices will surge by 50% at the end of 2022. Samsung has recently introduced its flagship smartphones fold and flip. They are witnessing popularity among consumers.  The popularity of foldable phones, which can be easily carried around and used in a variety of ways, has led to increased interest in the production of this type of glass. Consumers are increasingly looking for products that are lightweight and provide a sense of durability, which is why the market for foldable phones is such an important one.

In terms of revenue, the global sensors (ultra-thin glass) market products is estimated to reach $22.3 billion by 2030. This figure is projected to grow significantly over the next few years as more companies adopt this innovative technology in their product lineups. The main drivers behind this growth are the increase in demand for folding devices and the increasing popularity of VR glasses. In addition, technological advances such as 3D printing are also contributing to this trend by making it easier for companies to produce thin sheets of glass.

Astute Analytica believes that there is potential for even further growth in the sensors (ultra-thin glass) market if more manufacturers embrace innovation and develop new products that combine traditional features with innovative technologies. By doing this, they believe that they will be able to tap into growing demand from consumers who want versatile and quality products from brands they trust.

Major Players in Global Sensors (Ultra-Thin Glass) Market

  • AIR-CRAFTGLASS
  • Asahi Glass
  • Aviationglass & Technology
  • Changzhou Almaden Co.
  • China National Building Materials (CNBM)
  • Corning
  • CSG Holding Co
  • Fuyao Glass Industry Group
  • Huihua Glass
  • Japan Display Inc.
  • Kyocera Co.
  • Nippon Electric Glass Co.
  • Novalglass
  • Runtai Industry
  • SCHOTT AG
  • TAIWAN GLASS Group
  • Vitro Glass
  • Xinyi Glass Holdings Limited
  • Other Prominent Players

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About Astute Analytica 

Astute Analytica is a global analytics and advisory company which has built a solid reputation in a short period, thanks to the tangible outcomes we have delivered to our clients. We pride ourselves in generating unparalleled, in depth and uncannily accurate estimates and projections for our very demanding clients spread across different verticals. We have a long list of satisfied and repeat clients from a wide spectrum including technology, healthcare, chemicals, semiconductors, FMCG, and many more. These happy customers come to us from all across the Globe. They are able to make well calibrated decisions and leverage highly lucrative opportunities while surmounting the fierce challenges all because we analyze for them the complex business environment, segment wise existing and emerging possibilities, technology formations, growth estimates, and even the strategic choices available. In short, a complete package. All this is possible because we have a highly qualified, competent, and experienced team of professionals comprising of business analysts, economists, consultants, and technology experts. In our list of priorities, you-our patron-come at the top. You can be sure of best cost-effective, value-added package from us, should you decide to engage with us.

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Artificial Intelligence

Aurionpro Solutions acquires Arya.ai, to power next generation Enterprise AI platforms for Financial Institutions

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SINGAPORE, April 20, 2024 /PRNewswire/ — Aurionpro Solutions Limited (BSE: 532668) (NSE: AURIONPRO) announces the acquisition of Banking and Insurance focused PaaS startup, Arya.ai. With Arya.ai, Aurionpro will enhance its portfolio of enterprise fintech offerings to expedite adoption of AI that is responsible, accurate, and auditable.

 
 
Aurionpro Solutions Ltd. will acquire a majority stake (67%) in Arya.ai. This acquisition will bring products and expertise in Artificial Intelligence, Deep Learning, Intelligent Automation, PaaS, Autonomous AI Platforms, and more, to complement and strengthen Aurionpro’s industry leading portfolio.
The transaction comprises acquisition of shares held by the existing shareholders and subscription of new equity capital in the company. This will be an all-cash deal. The aggregate investment including  secondary acquisition and fund infusion is approximately 16.5 MN USD.
By integrating Arya.ai’s cutting-edge AI cloud platform, with Aurionpro’s comprehensive suite of offerings, the company will create an industry leading Enterprise AI platform focused on creating value for financial institutions globally. 
Commenting on the acquisition, Ashish Rai, CEO of Aurionpro Solutions, stated, “The acquisition of Arya.ai marries Aurionpro’s portfolio of industry leading enterprise software with one of the most mature Enterprise AI platforms focused on Banks and Insurers. We are incredibly excited about working with Arya.ai and our wider ecosystem partners to build out the leading Enterprise AI platform, for the financial industry worldwide.”
“Our decade long experience in building tools/platform for deep learning helped us to build a truly verticalized AI Operating System for Banking and Insurance.” Says Vinay Kumar CEO/Founder of Arya.ai. “Together with Aurionpro, we are going to build a new generation of Enterprise AI software for Banks and Insurers that truly embeds AI, augmenting a task or Autonomous Agents that can take over entire transactions”. 
Founded in 2013 by Vinay Kumar and Deekshith Marla, Arya.ai has been one of the first ‘AI’ startups to use Deep Learning and deploy in enterprises. Arya.ai’s BFSI PaaS offerings include Arya API with 80+ ML models, Libra for fine-tuning SOTA ML models, and AryaXAI for AI governance.
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Free Your Hands, QIDI Vida Smart AR Glasses Lead the Way in New Sports Experience.

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NEW YORK, April 19, 2024 /PRNewswire/ — Outdoor smart AR glasses, QIDI Vida, will officially launch on 23rd April on the Kickstarter platform.  QIDI Vida integrates the many functions of smart watches, sports headphones, cycling computers, heart rate monitors, and walkie-talkies using AR+AI technology, allowing users to bid farewell to cumbersome device management and enjoy outdoor sports anytime, anywhere with just one pair of glasses.

 
Function:
QIDI Vida uses high-tech HUD (Head-Up Display) which is similar to the technology used for aircrafts and premium cars and introduces it to the sports industry. Users can activate the HUD function at any time using voice control, enabling them to focus on the route ahead whilst simultaneously having access to information such as navigation, speed, heart rate, power and cadence, among other metrics. Another great function of the QIDI Vida is that users can also enjoy audiovisual entertainment through the optically perceived 100-inch AR  HUD screen, when having some down time. 
As cyclists and hikers often travel in groups, QIDI Vida supports eSIM and team functionality, allowing real-time voice communication without releasing handlebars, and users can monitor their groups’ real-time locations. The glasses also have comprehensive sensing and monitoring capabilities including temperature, humidity, UV, air pressure, geomagnetism and acceleration. In addition to obtaining environmental and health information, it also features health warnings such as altitude sickness symptoms and high heart rate, as well as fall and collision detection functions. And, in the event of danger, it can send distress signals to teammates.
Perks:
QIDI Vida has a global voice recognition and interaction feature that allows you to control all functions within the device by voice. To better provide users with an immersive sports experience, QIDI Vida’s intelligent system will have the capability to instantly gather personalised sports data, enabling it to deliver timely voice alerts and broadcasts, including the duration of exercise, distance, the environment and the weather – all tailored to the user’s preferences.
QIDI Vida enables voice-controlled photos and video recordings, allowing users to capture moments whilst cycling or hiking without the need to stop. QIDI Vida supports connections with common cycling smart hardware such as Garmin, Wahoo, Apple, and Samsung, supports GPX route files, and is compatible with professional sports apps such as Strava, Keep, Zwift, Apple Health, and All Trails.
QIDI Vida stands out for its lightweight and comfortable design with a dual lens for a full-colour data display, unlike competing AR glasses that typically have a single lens and limited colour. This innovation significantly enhances and augments the user’s sports and reality experience.
QIDI Vida will launch on the Kickstarter platform: https://www.kickstarter.com/projects/109560964/qidi-vida-smart-ar-glasses-for-sports
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Risk Analytics Market worth $180.9 billion by 2029 – Exclusive Report by MarketsandMarkets™

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CHICAGO, April 19, 2024 /PRNewswire/ — The growing use of real-time monitoring and advanced analytics, integration with cutting-edge technologies like blockchain and IoT, and an emphasis on cybersecurity, cross-industry applications, and regulatory compliance are the key factors that will shape the risk analytics market in the future. The market’s development will also be influenced by collaborative risk management, improved user experience, and an increasing focus on ESG factors and risk culture.

The Risk Analytics Market is estimated to grow from USD 59.7 billion in 2024 to USD 180.9 billion in 2029, at a CAGR of 24.8% during the forecast period, according to a new report by MarketsandMarkets™.  Several trends fuel the global spread of Risk Analytics. Increasingly Increasing Data Complexity, Rising Cybersecurity Threats and Rising Adoption of Cloud-Based Solutions A growing talent pool of data scientists and engineers is building the necessary tools and infrastructure. Governments are recognizing the potential of risk analytics for economic growth and are investing in research and development. These trends make DI more accessible and valuable, leading to its global adoption.
Browse in-depth TOC on “Risk Analytics Market”260 – Tables 60 – Figures350 – Pages
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Scope of the Report
Report Metrics
Details
Market size available for years
2019–2023
Base year considered
2023
Forecast period
2024–2029
Forecast units
USD Billion
Segments Covered
Offering,Risk Type, Risk stages, Vertical, and Region.
Geographies covered
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America
Companies covered
IBM (US), SAS Institute (US), Oracle (US), FIS(US), Moody’s Analytics (US), ProcessUnity(US), ServiceNow (US), Marsh (US), Aon (UK), MetricStream (US), Resolver (Canada), SAP (Germany), Milliman(US), LogicManager(US), Provenir(US), SAI360(US), Deloitte(UK), OneTrust(US), Diligent(US), Alteryx(US), CRISIL(India), Archer(US), ZestyAI(US), Fusion Risk Management(US), RiskVille(Ireland), SPIN Analytics(UK), Kyvos Insights(US), Imperva(US), Cirium(UK), Quantexa(UK), ClickUp(US), Sprinto(US), Ventiv(US), Adenza(US), Centrl.AI(Canada), SafetyCulture(Australia), Quantifi(US), CubeLogic(UK), Onspring(US), Riskoptics(US)
 
By offering the services segment to account for higher CAGR during the forecast period
In the Risk Analytics Market, the highest CAGR of services is fueled by Increasing Complexity of Risks, AI and machine learning advancements, big data analytics integration, business process optimization, cloud-based solutions adoption, data-driven culture, and diverse industry adoption. These trends reflect a global shift towards leveraging data for competitive advantage, driving a continuous need for sophisticated risk analytics services across sectors. As businesses prioritize agility, the growth of services in the Risk Analytics Market is driven by the need for effective risk management strategies in an increasingly complex and uncertain business environment.
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By Type, GRC software is expected to hold the largest market size for the year 2024
GRC software typically offers comprehensive solutions that cover a wide range of risk management needs, including compliance management, policy management, audit management, and risk assessment. They also provide organizations with enhanced visibility into their risk landscape. Through features such as risk assessment, risk monitoring, and reporting, organizations can identify and prioritize risks more effectively, enabling proactive risk management strategies.  GRC software streamlines risk management processes through automation, reducing manual effort and increasing efficiency. Tasks such as risk assessments, control testing, and incident management can be automated, freeing up resources to focus on strategic risk mitigation efforts. the combination of comprehensive functionality, regulatory compliance support, efficiency gains, scalability, integration capabilities, and culture enhancement makes GRC software a preferred choice for many organizations seeking to manage risk effectively.
By Vertical, Healthcare & Life Sciences is projected to grow at the highest CAGR during the forecast period
The Healthcare and Lifesciences is experiencing a surge in the adoption of risk analytics due to a confluence of factors. Healthcare providers and life sciences companies wants to ensure the safety and well-being of patients. Risk analytics helps in identifying potential risks to patient safety, such as medication errors, adverse events, and medical device failures. The healthcare and life sciences industries are heavily regulated, with strict guidelines for patient care, data privacy, drug development, and clinical trials. Risk analytics helps organizations ensure compliance with these regulations by identifying and mitigating risks of non-compliance.  Healthcare organizations and life sciences companies also face financial risks associated with fraud, billing errors, revenue cycle management, and reimbursement challenges. Risk analytics helps in detecting anomalies and optimizing financial processes to mitigate these risks.
Asia Pacific is expected to grow at the highest CAGR during the forecast period
The Asia-Pacific (APAC) region is experiencing rapid growth in the Risk Analytics Market, boasting the highest Compound Annual Growth Rate (CAGR). This surge is primarily attributed to rising demand for data-driven decision-making solutions, expanding digital transformation initiatives across industries.. Moreover, the region’s favorable regulatory environment, growing investments in big data analytics, and the integration of advanced technologies like the Internet of Things (IoT) further propel APAC’s dominance in Risk Analytics Market growth.
Top Key Companies in Risk Analytics Market:
The major risk analytics software and service providers include IBM (US), SAS Institute (US), Oracle (US), FIS(US), Moody’s Analytics (US), ProcessUnity(US), ServiceNow (US), Marsh (US), Aon (UK), MetricStream (US), Resolver (Canada), SAP (Germany), Milliman(US), LogicManager(US), Provenir(US), SAI360(US), Deloitte(UK), OneTrust(US), Diligent(US), Alteryx(US), CRISIL(India), Archer(US), ZestyAI(US), Fusion Risk Management(US), RiskVille(Ireland), SPIN Analytics(UK), Kyvos Insights(US), Imperva(US), Cirium(UK), Quantexa(UK), ClickUp(US), Sprinto(US), Ventiv(US), Adenza(US), Centrl.AI(Canada), SafetyCulture(Australia), Quantifi(US), CubeLogic(UK), Onspring(US), Riskoptics(US). These companies have used both organic and inorganic growth strategies such as product launches, acquisitions, and partnerships to strengthen their position in the Risk Analytics Market.
Recent Developments:
In March 2024, Orcale announced Oracle Risk Management Cloud in Release 24B. It offers comprehensive solution designed to help organizations identify, assess, and mitigate risks across their business operations. It offers advanced analytics, automation, and collaboration tools to streamline risk management.In March 2024, FIS Global announces card fraud detection capabilities leveraging artificial intelligence (AI) with aim to bolster FIS’s ability to identify and prevent fraudulent transactions, providing greater security for cardholders and financial institutions alike.In March 2024, Aon acquired an AI-powered platform to assist fleet and mobility clients in making data-driven decisions, enhancing operational efficiency and risk management. The platform utilizes artificial intelligence to analyze data and provide insights, enabling clients to optimize their fleet operations and improve decision-making processes.In March 2024, Crisp joined Resolver, with the aim to enhance Resolver’s risk intelligence capabilities by integrating Crisp’s expertise and technology into its platform, offering clients improved risk assessment and mitigation tools.In February 2024, SAS partnered with Carahsoft to bring analytics, AI, and data management solutions to the public sector. The aim is to leverage SAS’s expertise in advanced analytics and Carahsoft’s extensive government market reach to offer tailored solutions that enable public sector organizations to harness the power of data for informed decision-making and improved outcomes.Inquire Before Buying@ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=210662258
Risk Analytics Market Advantages:
By offering insights into potential risks, opportunities, and trends, risk analytics helps organisations make data-driven decisions that improve strategic planning and resource allocation.In order to improve risk management procedures and lessen exposure to possible threats, risk analytics solutions assist businesses in identifying, evaluating, and mitigating risks across a range of business activities, including finance, operations, and compliance.Through real-time monitoring and anomaly detection made possible by risk analytics, organisations may proactively address shifting market situations, legal requirements, and cybersecurity threats.Risk analytics solutions assist organisations lower operating costs, increase productivity, and streamline compliance activities, which results in cost savings and resource optimisation. They do this by streamlining risk management procedures and automating routine work.Accurate risk assessments, audit trails, and reporting capabilities are just a few of the ways that risk analytics solutions help organisations comply with regulations and stay out of trouble.Organisations can enhance their resilience and competitiveness by anticipating and mitigating potential hazards before they materialise through the use of predictive modelling and advanced analytics approaches in risk analytics.Report Objectives
To define, describe, and predict the Risk Analytics Market by offering, risk type, risk stages, vertical, and regionTo provide detailed information about the major factors (drivers, restraints, opportunities, and challenges) influencing the market growthTo analyze the opportunities in the market and provide details of the competitive landscape for stakeholders and market leadersTo forecast the market size of segments with respect to five main regions: North America, Europe, Asia Pacific, Middle East & Africa, and Latin AmericaTo profile the key players and comprehensively analyze their market rankings and core competenciesTo analyze the competitive developments, such as partnerships, product launches, and mergers & acquisitions, in the Risk Analytics MarketBrowse Adjacent Markets: Analytics Market Research Reports & Consulting
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