Artificial Intelligence
[Latest] Global Smart Mirror Market Size/Share Worth USD 7300 Million by 2028 at a 11% CAGR: Zion Market Research (Industrial Trends, Report, Analysis, Players, Outlook, Forecast, Growth, Value, Segmentation)
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NEW YORK, United States, April 20, 2023 (GLOBE NEWSWIRE) — Zion Market Research has published a new research report titled “Global Smart Mirror Market By Component (Services, Software, And Hardware), By Type (Interior Mirror And Exterior Mirror), By Technology (Embedded Technology And Smart Material), By Augmented Reality Feature (AR-Smart Mirror And Non-AR-Smart Mirror), By End-User (Automotive, Healthcare, Consumers, And Others) And By Region – Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2022 – 2028” in its research database.
“According to the latest research study, the demand of global Smart Mirror Market size & share in terms of revenue was valued at USD 3441 million in 2021 and it is expected to surpass around USD 7300 million mark by 2028, growing at a compound annual growth rate (CAGR) of approximately 11% during the forecast period 2022 to 2028.”
What is Smart Mirror? How big is the Smart Mirror Industry?
Smart Mirror Market Overview:
A smart mirror is essentially a component used in a variety of sensors, cameras, and technical tools. This component is used by numerous industries, including retail, technology, and mostly the automobile sector. According to reports, smart mirrors are a popular household item that may be used to recognize customers, learn about their buying preferences, and identify their patterns.
These mirrors are typically found in cars as side-view or rear-view mirrors that show the flow of traffic in particular directions. They are widely used in the fashion and retail sectors to present people wearing their preferred attire.
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Global Smart Mirror Market: Growth Dynamics
- Rise of many companies with multiple smart mirror utilities globally to drive market growth
Because of their plethora of benefits in all recently growing businesses and industries, smart mirrors have a bright future in the worldwide market. The mirror’s ability to recognize and record identifying information for every item is built into its design and manufacturing. They are designed with a foundational framework that can identify patterns and present outcomes depending on those patterns. The security foundation in the smart mirrors is also very carefully built to preserve the data of various objects. The mirror is a useful component for a variety of businesses and company domains that are emerging in the present generation thanks to all these qualifications. The global market value of smart mirrors is increased by the expanding uses of artificial intelligence and augmented reality in numerous digital industries.
Companies are now putting a lot of effort into creating cutting-edge smart mirror systems to meet the expanding consumer demand for smart homes. For instance, at CES Innovation 2020 in January 2020, Kohler Co., a world leader in the development of a cutting-edge kitchen and bath products, unveiled a wide range of innovative bathroom products, including the Moxie showerhead, smart grooming mirror, new touchless toilet technology system, smart speaker, and shower mode system.
- High price for the device implementation and reduction of confidentiality in retail may hamper market growth
However, it is projected that the smart mirror’s greater price will reduce demand from the population’s low-income segment. Additionally, it is anticipated that the widespread availability of other goods that may fulfill the same function, such as projection screens, blackboards, etc., will reduce demand for smart mirrors among educational institutions and corporate offices.
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Report Scope
| Report Attribute | Details |
| Market Size in 2022 | USD 3441 Million |
| Projected Market Size in 2028 | USD 7300 Million |
| CAGR Growth Rate | 11% CAGR |
| Base Year | 2022 |
| Forecast Years | 2022-2028 |
| Key Market Players | Archello, Gentex Corporation, Magna International Inc., Pro Display, Evervue, Séura, Alke, ad notam AG, Tech2o, Samsung Electronics Co., Ltd. |
| Key Segment | By Component, Technology, Augmented Reality Feature, End-use and Region |
| Major Regions Covered | North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
| Purchase Options | Request customized purchase options to meet your research needs. Explore purchase options |
Smart Mirror Market: Segmentation Analysis
The global Smart Mirrors market is segmented based on product, distribution channel, and region.
The global smart mirror market is divided into touch screen products and non-touch screen products based on the kind of product. Due to its increased usability and higher pricing of smart touch-screen based mirrors, the touch screen sector is anticipated to hold a sizeable portion of the market, generating larger revenues. Additionally, segmental growth is being fueled by the increasing usage of smart electronic gadgets among the world’s population.
The global smart mirror market is divided into offline and online segments based on the distribution channel. Since customers can select a smart mirror in-person from a selection of other highly functional mirrors at such locations, the offline segment is anticipated to account for a sizable portion of the market. Customers also choose to purchase these gadgets from physical stores in large part because the salespeople there can provide them with essential product knowledge.
The global smart mirror market is segmented as follows:
By Component
- Services
- Software
- Hardware
By Technology
- Embedded technology
- Smart material
By Augmented reality feature
- AR-Smart Mirror
- Non-AR-smart Mirror
By End-use
- Automotive
- Healthcare
- Consumers
- Others
Browse the full “Smart Mirror Market By Component (Services, Software, And Hardware), By Type (Interior Mirror And Exterior Mirror), By Technology (Embedded Technology And Smart Material), By Augmented Reality Feature (AR-Smart Mirror And Non-AR-Smart Mirror), By End-User (Automotive, Healthcare, Consumers, And Others) And By Region – Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2022 – 2028.”- Report at https://www.zionmarketresearch.com/report/smart-mirror-market
Competitive Landscape
Some of the main competitors dominating the global smart mirror market include –
- Archello
- Gentex Corporation.
- Magna International Inc.
- Pro Display.
- Evervue.
- Séura.
- Alke.
- ad notam AG.
- Tech2o.
- Samsung Electronics Co., Ltd.
- Others
Key Insights from Primary Research:
- According to the analysis shared by our research forecaster, the smart mirror market is likely to expand at a CAGR of around 11% during the forecast period (2022-2028).
- In terms of revenue, the smart mirror market size was valued at around US$ 3441 million in 2022 and is projected to reach US$ 7300 million by 2028.
- The global market of smart mirrors has a prospective high growth because of its barrage of utilities in all newly emerging companies and business fields.
- Based on type of product, the touch screen sector is anticipated to hold a sizeable portion of the market.
- Based on distribution channel segmentation, the offline segment is anticipated to account for a sizable portion of the market.
- On the basis of region, the “Europe” region is predicted to be leading revenue generator during the forecast period.
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Key questions answered in this report:
- What is the market size and growth rate forecast for Smart Mirror industry?
- What are the main driving factors propelling the Smart Mirror Market forward?
- What are the leading companies in the Smart Mirror Industry?
- What segments does the Smart Mirror Market cover?
- How can I receive a free copy of the Smart Mirror Market sample report and company profiles?
Key Offerings:
- Market Size & Forecast by Revenue | 2022−2028
- Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities
- Market Segmentation – A detailed analysis by Component, Technology, Augmented Reality Feature, End-use and Region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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Regional Analysis:
The global smart mirror market is predicted to be led by Europe during the forecast period. The greatest portion of the European region is ascribed to the presence of the population’s higher income group, which leads to the region’s high consumption of such smart devices. Further encouraging market expansion in the region is the increased use of smart mirror systems by retail establishments for the provision of an effective user interface to store visitors in nations like the U.K. and Italy.
For instance, a U.S.-based financial services company called Mastercard Incorporated introduced a smart mirror system for retail businesses in the U.K. in June 2018 to make it easier for customers to identify products and make payments at the stores.
By Region
- North America
- U.S.
- Canada
- Rest of North America
- Europe
- France
- UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia Pacific
- The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
Recent Developments
- On June 2020, in order to offer members of the household on-demand fitness training sessions based on wall mounted mirror technology, Lululemon Athletica, a Canadian apparel brand, bought the in-home fitness startup MIRROR.
To know an additional revised 2023 list of market players, request a brochure of the report: https://www.zionmarketresearch.com/requestbrochure/smart-mirror-market
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Artificial Intelligence
JupiterOne and watchTowr announce partnership to protect business critical assets with broad exposure management capabilities
SINGAPORE, May 2, 2024 /PRNewswire/ — watchTowr, a leader in external attack surface management (EASM) technology and fuelled by watchTowr Labs, a renowned vulnerability R&D capability, has formed a strategic partnership with JupiterOne. JupiterOne is a leader in cyber asset attack surface management (CAASM) technology. This collaboration enables customers to rapidly prioritize emerging threats within their constantly changing environments, focusing on fixing the most critical risks impacting their business, which enables an end-to-end continuous threat exposure management process (CTEM).
Over 28,000 CVE records were published in 2023; a figure that is expected to increase as attackers shorten the time from known vulnerability to exploit, reducing it from weeks to days. JupiterOne and watchTowr’s integrated solution empowers enterprises to discover their most critical and exploitable vulnerabilities, prioritize them with asset context based on business impact and receive an actionable remediation plan to improve security posture.
This partnership enables a complete continuous threat exposure management program, addressing the full spectrum of cyber risk management. The fully integrated solution provides continuous monitoring and assessment of both internal and external digital assets, allowing for prioritization and effective threat mitigation for a business’s most critical assets. “Our partnership with watchTowr is a game-changer” said Forte. “Combining our data aggregation with real-time asset discovery and automated security testing allows us to offer a unique, all-encompassing approach to exposure management.”
Benjamin Harris, CEO, watchTowr, said, “While the number of reported vulnerabilities continues to rise, the vulnerabilities that matter – in mission-critical, key systems – have exploded at an alarming rate. This reality, combined with the significant shift in speed by attackers to weaponize vulnerabilities – the ability to validate exploitability and prioritise actions based on real business risk has never been more vital. We’re excited to join forces with JupiterOne to give security teams around the globe this much-needed end-to-end capability.”
About JupiterOne:
JupiterOne is a cybersecurity startup delivering powerful software solutions to companies across all industries, providing deep insights to cyber assets and the relationships between, empowering security professionals to have true knowledge and ownership of their attack surfaces.
About watchTowr:
watchTowr is a global cybersecurity technology company, built by former adversaries.
watchTowr’s world-class External Attack Surface Management and Continuous Automated Red Teaming technology is informed by years of experience compromising some of the world’s most targeted organisations and utilised by Fortune 500, financial services and critical infrastructure providers every day.
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LONDON, May 1, 2024 /PRNewswire/ — Clarivate Plc (NYSE: CLVT; CLVT PR A) (“Clarivate”), a leading global provider of transformative intelligence, today announced that its board of directors declared a quarterly dividend of $1.3125 per share on its 5.25% Series A Mandatory Convertible Preferred Shares (the “Preferred Shares”), payable in cash on June 3, 2024 to shareholders of record at the close of business on May 15, 2024.
On the mandatory conversion date, which is scheduled to occur on June 3, 2024, each Preferred Share will automatically and mandatorily convert into a number of ordinary shares of Clarivate (and cash in lieu of any fractional ordinary shares) based on the average volume weighted average price (“VWAP”) of Clarivate’s ordinary shares over a 30-trading day period that begins on, and includes, April 18, 2024 and is scheduled to end on, and include, May 30, 2024 (the “valuation period”). If such VWAP is (i) greater than $31.20, then the mandatory conversion rate will be 3.2052 ordinary shares of Clarivate per Preferred Share, (ii) less than or equal to $31.20 but equal to or greater than $26.00, then the mandatory conversion rate will be a number of ordinary shares of Clarivate per Preferred Share equal to $100.00 divided by such VWAP and (iii) less than $26.00, then the mandatory conversion rate will be 3.8462 ordinary shares of Clarivate per Preferred Share. The mandatory conversion rate will be announced following the end of the valuation period. The above description of the terms of the Preferred Shares is not complete and is subject to, and qualified in its entirety by reference to, the “Statement of Rights” for the Preferred Shares, which is filed as Exhibit 3.2 to Clarivate’s annual report on Form 10-K for the fiscal year ended December 31, 2023.
Cautionary Note Regarding Forward-Looking Statements
This communication contains “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. These statements, which express management’s current views concerning future business, events, trends, contingencies, financial performance, or financial condition, appear at various places in this communication and may use words like “aim,” “anticipate,” “assume,” “believe,” “continue,” “could,” “estimate,” “expect,” “forecast,” “future,” “goal,” “intend,” “likely,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “see,” “seek,” “should,” “strategy,” “strive,” “target,” “will,” and “would” and similar expressions, and variations or negatives of these words. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on management’s current beliefs, expectations, and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy, and other future conditions. These forward-looking statements involve a number of risks and uncertainties (some of which are beyond our control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include those factors discussed under the caption “Risk Factors” in our annual report on Form 10-K, along with our other filings with the U.S. Securities and Exchange Commission (“SEC”). However, those factors should not be considered to be a complete statement of all potential risks and uncertainties. Additional risks and uncertainties not known to us or that we currently deem immaterial may also adversely affect our business operations. Forward-looking statements are based only on information currently available to our management and speak only as of the date of this communication. We do not assume any obligation to publicly provide revisions or updates to any forward-looking statements, whether as a result of new information, future developments or otherwise, except as otherwise required by securities and other applicable laws. Please consult our public filings with the SEC or on our website at www.clarivate.com.
About Clarivate
Clarivate™ is a leading global provider of transformative intelligence. We offer enriched data, insights & analytics, workflow solutions and expert services in the areas of Academia & Government, Intellectual Property and Life Sciences & Healthcare. For more information, please visit www.clarivate.com.
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BEIJING, May 1, 2024 /PRNewswire/ — Focusing on the development of AI, the third CMG Forum was held on Monday in Beijing.
Li Shulei, a member of the Political Bureau of the Communist Party of China (CPC) Central Committee and the head of the Publicity Department of the CPC Central Committee, attended the opening of the event and delivered a speech.
Guests at the forum stressed the role of media in promoting the innovative application of AI as well as its governance.
Efforts should also be made to boost the development of AI in creating positive, healthy, diverse and high-quality content, so that AI can become a force for good and benefit mankind, they agreed.
They also called on media to accelerate intelligent transformation and help bridge international exchanges and cooperation on the governance of AI to facilitate its healthy, orderly and safe development.
Hosted by China Media Group (CMG), the forum attracted more than 200 participants from international organizations, media, think tanks and multinational companies.
“Innovation and breakthroughs in science and technology not only guide the development and progress of human civilization, but also bring uncertainty to the changing world,” said Shen Haixiong, vice minister of the Publicity Department of the CPC Central Committee and president of CMG. He called for efforts to jointly create valuable and responsible artificial intelligence.
AI technology is affecting every aspect of our lives. Thomas Bach, president of the International Olympic Committee (IOC), stated in a video speech that CMG has always been a partner of the IOC, bringing the charm of the Olympic Games to hundreds of millions of Chinese viewers. He said the IOC invites CMG to work together for the creation of a future with the application of AI in Olympic sports.
“From ancient inventions such as silk, printing and the compass to modern technological advances such as robotics, telecommunications and green technology, China has always been committed to innovation and creation,” said Daren Tang, director general of the World Intellectual Property Organization (WIPO). He said WIPO pays close attention to ensuring a balance between the opportunities and risks of artificial intelligence and is committed to strengthening cooperation to ensure that artificial intelligence is properly used.
https://news.cgtn.com/news/2024-04-30/3rd-CMG-Forum-in-Beijing-discusses-AI-development-1tdDcXvCexG/p.html
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