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Artificial Intelligence

Increasing Adoption of Wearables and Smart Technologies to Drive Sales Growth of Wearable AI Devices: Fact.MR Report

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Rockville, Feb. 27, 2023 (GLOBE NEWSWIRE) — The global Wearable AI market research study from Fact.MR offers a complete analysis of the leading market segments in terms of solution, module, enterprise size, application, and region. It also provides comprehensive information on significant players and the main tactics employed to gain a competitive edge.

Fact.MR – A Market Research and Competitive Intelligence Provider: The global wearable AI market is anticipated to garner US$ 230 billion by 2033, rising at an impressive 27.6% CAGR from 2023 to 2033.

AI in wearable devices helps to improve the system’s functionality and performance by delivering real-time data and statistics, enhancing the decision-making process, monitoring, and communicating with users. The internet of things (IoT) enables machine-to-machine communication and cloud platform connectivity, allowing the usage of artificial intelligence in wearable devices.

Wearable AI includes intelligent devices such as smartwatches, smart earphones, smart eyeglasses, and others. Leading players such as Samsung, Apple, Sony, and others are using various techniques to develop and improve technology, increasing the demand for wearable AI.

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The global wearable AI market is growing at a rapid pace due to the increasing proliferation of advanced technologies such as AI and 5G smartphone penetration. Smartphones are widely utilized for data collection and processing from wearable devices. The rapid rise of the smartphone market has accelerated the development of Android and IoT-enabled and user-friendly wearable device applications.

Additional factors driving market expansion include rapid urbanization and rising disposable income in emerging nations, which will shape the future of wearable technology. Moreover, increasing concerns about various chronic diseases are pushing the use of wearable gadgets such as fitness trackers, body monitors, smartwatches, and others, which provides real-time information on overall health problems as well as multimodal sentiment analysis.

North America is dominating the global wearable AI market due to the increasing adoption of novel technology and the existence of key smartwatch manufacturing businesses in the region. Furthermore, rising demand for smartwatches in developed countries like the United States is driving market expansion.

Why Does the US Market Contribute Much to the North American Market?

In 2022, North America accounted for 39% of the worldwide wearable AI market, with the United States as the market leader. This significant market share is mostly attributable to the technology’s early adoption, the expanding appeal of wearable technology, the rising demand for cutting-edge consumer electronics, and increased investment in AI technology. Because to the growing use of smartwatches there, the United States is a big contributor to the regional market.

Around one in five U.S. adults regularly wear a wearable fitness tracker or wristwatch to improve their health, according to a Pew Research Center survey conducted in June 2021.

Key Takeaways from Market Study

  • The global wearable AI market amounted to US$ 20 billion in 2023.
  • Worldwide demand for wearable AI devices is estimated to expand at a CAGR of 27.6% during the forecast period.
  • The global market is forecasted to touch US$ 230 billion by 2033.
  • North America captured 39% share of the global market in 2022.
  • Smartwatches held 29% share of the worldwide market in 2022.

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Competitive Landscape

Key players in the wearable AI market are focusing on partnerships, investments, acquisitions, and new developments to widen and maintain their overseas footprint. Moreover, several start-ups are working on offering innovative products to obtain market share.

  • Silvertree, an Indian-based start-up, is working on creating attractive wearables for the elderly and vulnerable people, equipped with GPS monitoring, “fall detection” that notifies a safety team, and a month-long battery.
  • Apple released the Apple Smart Watch Series 8 in September 2022. The Apple Watch Series 8 has temperature sensing for insights into women’s health, vehicle collision detection, and sleep stages to understand sleep habits better.
  • Google and Samsung Electronics joined forces in May 2022 to create a single Wear OS platform that links Android devices smoothly. The platform involves Google Play, which allows users access to some of Google’s most popular apps and services, including Google Pay, Google Maps, and YouTube Music. This allows Galaxy Watch4 users to download Google Assistant2 on their devices, giving them access to faster, more natural voice interactions, rapid responses to questions, and on-the-go assistance.

Prominent Players of the Wearable AI Industry

  • Amazon
  • Biobeats
  • Apple
  • Atlas
  • Fitbit
  • Bragi
  • Focusmotion
  • Garmin
  • Huawei
  • Google

Winning Strategy

Key market players are focusing on collaborations to introduce new products and expand their market presence.

  • Fitbit Health Solutions and Google released the Device Connect for Fitbit solution in September 2022, with the goal of providing healthcare organizations with a more comprehensive view of patients outside of clinical settings by utilizing data from wearable devices.
  • Fitbit and LifeScan, a global pioneer in blood glucose monitoring, collaborated in August 2021 to provide people with diabetes with a comprehensive picture by offering insights into daily nutrition, activity, and sleep. The OneTouch Reveal app from LifeScan employs a cloud-based digital ecosystem to give a powerful combination of technology, data, and insights for enhanced diabetes management, as well as the capacity to connect patients to healthcare providers. People will receive a Fitbit Premium and Fitbit Inspire 2, which includes hundreds of workouts, guided programs, a wellness report, mindfulness material, and more tailored insights in the Fitbit health metrics dashboard as a result of this collaboration.

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Key Segments of Wearable AI Industry Research

  • By Product :
    • Smartwatches
    • Ear Wear
    • Eye Wear
    • Others
  • By Operation :
    • On-device AI
    • Cloud-based AI
  • By Component :
    • Processors
    • Connectivity ICs
    • Sensors
  • By Application :
    • Consumer Electronics
    • Healthcare
    • Automotive
    • Military & Defense
    • Media & Entertainment
    • Others
  • By Region :
    • North America
    • Latin America
    • Europe
    • Asia Pacific & China
    • Middle East & Africa

More Valuable Insights on Offer

Fact.MR, in its new offering, presents an unbiased analysis of the global wearable AI market, presenting historical demand data (2018 to 2022) and forecast statistics for the period of 2023 to 2033.

The study divulges essential insights on the market based on product (smartwatches, ear wear, eye wear, others), operation (on-device AI, cloud-based AI), component (processors, connectivity ICs, sensors), and application (consumer electronics, healthcare, automotive, military & defense, media & entertainment, others), across five major regions of the world (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa).

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Artificial Intelligence

XtalPi Unveils XtalGazer: A Comprehensive AI-Driven Polymorph Selection Platform

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CAMBRIDGE, Mass., March 28, 2024 /PRNewswire/ — XtalPi Inc., a leading global technology company in integrating artificial intelligence (AI) and robotics to advance the discovery of groundbreaking medicine and innovative materials, announced today the launch of its proprietary comprehensive solid form discovery and selection platform, XtalGazer. This advanced platform aims to significantly improve the polymorph selection process for the pharmaceutical industry by integrating AI- and automation-powered experimental and computational approaches.

XtalGazer provides a total solution for delivering high-quality polymorph screening and selection methods to expedite drug development and mitigate risks. It represents a paradigm shift in solid-state research, moving from the traditional trial-and-error approach to a data-driven, design-led methodology. The platform provides an expansive suite of foundational tools to accelerate polymorph discovery, characterization, and selection process, empowering pharmaceutical companies to conduct thorough research with less active pharmaceutical ingredient (API) in shorter development cycles.
A key component of XtalGazer is XtalCSP, a crystal structure prediction platform to perform global searches of crystal structures for target molecules and the other optional components in the corresponding searching space, offering a deep insight into possible stable forms. Furthermore, crystallization strategy recommendations will provide AI-backed experimental design to help avoid human bias. XtalGazer also utilizes MicroED to rapidly elucidate crystal structures from powder samples, reducing the need for growing single crystals.
XtalPi’s launch of XtalGazer marks another significant step in the company’s ongoing exploration of solid-state research. From crystal structure prediction platforms being one of the first products to launch at XtalPi, to today’s comprehensive polymorph selection platform, XtalPi will keep fulfilling its promise to solving challenging problems in this space. XtalPi will continue to deliver faster, more accurate, and more comprehensive approaches to building an ecosystem for the R&D process in solid-state, pre-formulation and crystallization.
For more information about XtalPi, please visit www.xtalpi.com.
About XtalPi:
XtalPi is an innovative technology company powered by artificial intelligence (AI) and robotics. Founded in 2015 on the MIT campus, XtalPi is dedicated to driving intelligent and digital transformation in the life science and new materials industries. With tightly interwoven quantum physics, AI, cloud computing, and large-scale clusters of robotic workstations, XtalPi offers a range of technology solutions, services, and products to accelerate and empower innovation for biopharmaceutical and new materials companies worldwide.
Media Contact: Vivienne [email protected]
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Artificial Intelligence

ICIS and Base Oil News Announce Partnership to Enhance Market Insights

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LONDON, March 28, 2024 /PRNewswire/ — ICIS, a global source of commodity intelligence, is pleased to announce a strategic partnership with Base Oil News, a premier news outlet founded by industry expert Iain Pocock that provides in-depth coverage of the base oils and lubricants market. This collaboration marks a significant milestone in the dissemination and exchange of critical market data and insights.

With more than two decades of journalism experience at Bloomberg, Reuters, and Argus Media, Iain Pocock brings unparalleled expertise to this partnership. His deep understanding of illiquid energy markets makes him a credible and influential figure in the industry. Since November 2023, Iain has been working closely with ICIS to share and exchange valuable data and insights, enhancing the services both platforms offer to the base oils and lubricants market.
Through the collaboration, Iain integrates ICIS’ extensive content and data resources in Base Oil News market coverage. In return, he contributes market insights to ICIS News, including expert and exclusive analysis of supply and demand dynamics, price margins, and other critical market drivers. This exchange ensures that subscribers of both ICIS and Base Oil News have access to the most comprehensive, timely, and accurate market information, empowering them to make informed decisions.
“It’s a very exciting partnership – where we leverage each other’s strengths and provide actionable insights to our customers,” said Iain Pocock, Founder of Base Oil News. “The market is the winner.”
“As ICIS is already the world’s most trusted pricing benchmark for base oils, this collaboration with Iain Pocock and Base Oil News provides an even stronger and deeper service to our customers,” said Stephen Burns, Editorial Director at ICIS. “Iain’s expertise and extensive industry connections are invaluable, and we have established a fruitful partnership that benefits the market at large.”
For the latest insights from Iain Pocock on ICIS News, visit ICIS News.  
About ICIS
ICIS – Independent Commodity Intelligence Services – helps businesses through seamlessly delivering data and analytics, across the chemical, fertilizer and energy markets. A trusted source and benchmark for price information and insight across key commodities markets worldwide. Our independent, transparent market intelligence informs thousands of quality decisions every day, taking the pressure out of negotiations and giving customers space for more innovative thinking, through published datasets including price assessments, price forecasts, supply and demand fundamentals and more.
Over 150 years of shaping the world by connecting markets to optimise the world’s valuable resources. With a global team of more than 600 experts, ICIS has employees based in London, New York, Houston, Karlsruhe, Milan, Mumbai, Singapore, Guangzhou, Beijing, Shanghai, Dubai, Sao Paulo, Seoul, Tokyo and Perth.
ICIS is part of RELX, a FTSE15 company with a market cap of £64bn and an employee base of over 30,000 experts across 40 countries.
About RELX
RELX is a global provider of information and analytics for professional and business customers across industries. The Group serves customers in more than 180 countries and has offices in about 40 countries. It employs approximately 30,000 people of whom almost half are in North America. RELX PLC is a London listed holding company which owns 52.9% of RELX Group. RELX NV is an Amsterdam listed holding company which owns 47.1% of RELX Group. The shares are traded on the London, Amsterdam and New York Stock Exchanges using the following ticker symbols: London: REL; Amsterdam: REN; New York: RELX and RENX. Total market capitalisation is approximately £64bn | €75bn | $81bn.
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Artificial Intelligence

Trianz Welcomes Israel Abraham as Vice President of Services for Extrica.ai – The Data to AI Platform

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SANTA CLARA, Calif., March 28, 2024 /PRNewswire/ — Digital transformation technology & services company Trianz is pleased to announce the appointment of Israel Abraham as Vice President of Extrica Platform Services.

Trianz has embarked on a transformative journey, redefining its value proposition with an ‘IP Led’ model, with a commitment to deliver the fastest time to value, lowest human dependence, and highest ROI. Central to this approach are our hyper-automated platforms, Concierto.Cloud, Extrica.AI, and Pulse, driving industry-leading transformations in cloud, data and analytics, AI, and the digital workplace.
Israel Abraham is a very well-known pioneer and industry leader in AI, data management, and analytics systems, with over three decades of experience. He joins as the services leader for Extrica- the Trianz Data to AI platform, which productizes data, provides data a face and purpose, and accelerates time to insights and AI by 50% or more. In the role of Extrica Services leader, Israel will lead the shaping, visioning, and delivery of Extrica.ai based enterprise wide datamesh, BI, and AI solutions for customers worldwide.
“We are thrilled to welcome Israel Abraham to the Trianz family,” said Sri Manchala, CEO of Trianz and author of Crossing the Digital Faultline. “He is a leader in modernization as well as conceptualization of data platforms anew. Israel’s prior background in the industry with financial services and insurance giants underscores our commitment to securing top-tier talent that brings real-world experiences and needs to our technology platforms. As we continue to broaden our footprint in the digital transformation space, Israel’s visionary leadership and practical experience will serve as the cornerstone in accelerating insights and AI to deliver transformative value to our clients.”
Having played pivotal roles in highly reputed and large organizations such as Liberty Mutual Insurance, MassMutual, Safeco, and CNA Insurance, Israel has garnered recognition as a seasoned leader in big data and AI cloud implementations. His accolades include the prestigious 2014 Ventana Research IT Innovation Award, the 2009 Informatica MDM Innovation Award, and three filed Data Engineering patents in the last four years.
“Trianz has been at the forefront of digital innovation, and Extrica.ai is a paradigm shifting data to AI platform that completely changes how analytics and AI are delivered- much faster, taking business ahead of change. I am excited to scale the adoption of the Extrica platform, which has attracted attention from giants across the industry and hyperscalers,” said Israel Abraham. “I look forward to engaging with customers, bringing my own experiences, and collaborating with the talented team at Trianz to further enhance the capabilities of the Extrica Platform Services to transform data & AI strategies, execution, and outcomes for customers.”
About Trianz
Trianz is a leading-edge technology platforms and services company that accelerates digital transformations at Fortune 100 and emerging companies worldwide in data & analytics, digital experiences, cloud infrastructure, and security. Our ‘IP Led Transformations’ approach, informed by insights from a recent global study spanning 20+ industries and 5000+ companies, addresses challenges posed by the rapid pace of AI-driven transformation, digital talent scarcity, and economic uncertainty. Our IP and platforms, including Concierto, Extrica, and Pulse, revolutionize cloud adoption, data analytics, and AI insights, empowering organizations to navigate the complexities of digital transformation seamlessly.
Founded in California and with an organization of over 2,000 associates across the United States and India, Trianz is a Premier Partner of AWS, consistently rated #1 by clients for value delivery over the past five years. Trianz has been ranked as one of the best Consulting Firms by Forbes and has been certified as a Great Place to Work for three years in a row. To learn more about Trianz, email [email protected] or visit www.trianz.com.
Watch Trianz CEO Sri Manchala’s insightful interview with Bloomberg on Partner | Crossing The Digital Faultline & Leading Towards Transformative Success – YouTube and delve deeper into his book Crossing the Digital Faultline at Crossing the Digital Faultline | Trianz.
Trianz Media [email protected] +1-408-387-5800
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