Connect with us
MARE BALTICUM Gaming & TECH Summit 2024

Artificial Intelligence

[Latest] Global Private 5G Network Market Size/Share Worth USD 41.80 Billion by 2030 at a 49.7% CAGR: Custom Market Insights (Analysis, Outlook, Leaders, Report, Trends, Forecast, Segmentation, Growth, Growth Rate, Value)

Published

on

<!– Name:DistributionId Value:8828166 –> <!– Name:EnableQuoteCarouselOnPnr Value:False –> <!– Name:IcbCode Value:2791 –> <!– Name:CustomerId Value:1262785 –> <!– Name:HasMediaSnippet Value:false –> <!– Name:AnalyticsTrackingId Value:91f99808-e914-4307-976b-42b2dd2e7121 –>

Austin, TX, USA, April 28, 2023 (GLOBE NEWSWIRE) — Custom Market Insights has published a new research report titled “Private 5G Network Market Size, Trends and Insights By Component (Hardware, Software, Services), By Frequency (Sub-6 GHz, mmWave), By Spectrum (Licensed, Unlicensed/Shared), By Industry Vertical (Manufacturing , Energy & Utilities, Transportation & Logistics, Defense, Enterprises & Campus, Mining, Healthcare/Hospitals, Oil & Gas, Retail, Agriculture, Smart Cities, Others), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2030” in its research database.

“According to the latest research study, the demand for global Private 5G Network Market size & share was valued at approximately USD 1.80 Billion in 2022 and is expected to reach USD 6.8 Billion in 2023 and is expected to reach a value of around USD 41.80 Billion by 2030, at a compound annual growth rate (CAGR) of about 49.7% during the forecast period 2023 to 2030.”

A private 5G network is similar to a public 5G network; however, it allows an owner to offer preferential licensing and access to its wireless spectrum. It is a wireless local area network that uses 5G-enabled technologies to create a network with dedicated infrastructure and bandwidth to meet the specific connectivity needs of an enterprise. For building a private 5G network, enterprises or other end, users need to purchase spectrum from mobile network operators (MNOs), the government, or third-party spectrum providers. 

Click Here to Access a Free Sample Report of the Global Private 5G Network Market @ https://www.custommarketinsights.com/request-for-free-sample/?reportid=21021

The adoption of private 5G networks is attaining traction globally as regulators allocate more spectrum for enterprises to build private 5G networks. Consequently, the secret 5G network market will reach $ 41.80 Bn by 2030. 

It is anticipated that vendors in the private 5G network software market will have growth opportunities during the forecast period as enterprises in the manufacturing sector are rapidly implementing 5G capabilities to support transformative applications associated with digital transformation, intelligent factories, and the Internet of Things (IoT). In addition, many countries are rolling out private 5G networks to augment present capabilities and introduce new possibilities for leading industrial players. 

For instance, in 2021, Germany issued 5G personal licenses to about 33 companies, including BASF, BMW, Bosch, Siemens, Volkswagen, and Lufthansa, among others, to run exclusive networks. Also, countries such as France, the U.S., the U.K., and Australia are actively introducing policies to roll out private 5G networks.

(A free sample of the Private 5G Network report is available upon request; please contact us for more information.)

Our Free Sample Report Consists of the following:

  • Introduction, Overview, and in-depth industry analysis are all included in the 2023 updated report.
  • The COVID-19 Pandemic Outbreak Impact Analysis is included in the package
  • About 220+ Pages Research Report (Including Recent Research)
  • Provide detailed chapter-by-chapter guidance on the Request
  • Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2023
  • Includes Tables and figures have been updated
  • The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis 
  • Custom Market Insights (CMI) research methodology

(Please note that the sample of the Private 5G Network report has been modified to include the COVID-19 impact study prior to delivery.)

Request a Customized Copy of the Private 5G Network Market Report @ https://www.custommarketinsights.com/request-for-customization/?reportid=21021


Market Dynamics.

 Drivers.

5G technology has become a significant breakthrough in the global telecom sector and is projected to transform almost all other sectors. Hence, the countries are introducing infrastructure development plans that fuel the growth of the private 5G network market. For instance, in June 2022, democratic nations in the Group of Seven (G7) Summit, including Canada, France, Japan, Germany, Italy, the United Kingdom, and the United States, introduced a Partnership for Global Infrastructure and Investment to support the development of quality and sustainable infrastructure in middle-income and developing countries. 

Through this partnership, G7 nations are aimed at mobilizing about $600 billion in private and public funding for infrastructure by 2027 to make healthcare, energy, and telecommunications more accessible. On the other hand, as a part of the 14th Five-Year Plan of China 5G network deployment, development has achieved remarkable progress in the past few years. 

Thus, infrastructure development plans are boosting the private 5G network market growth. 

Furthermore, Industry 4.0 has increased demand for specialized local area networks (LAN) among corporate and industrial sectors. Leading industrial players, including Siemens AG, Mercedes Benz AG, and ABB Ltd., are adopting industrial robotics and sensor-based technologies that help increase production and functional effectiveness. Such technologies rely on the private 5G network for a seamless, secure internet connection. 

Request a Customized Copy of the Private 5G Network Market Report @ https://www.custommarketinsights.com/report/private-5g-network-market/

In addition, 5G-enabled technologies are helping to support the development of intelligent manufacturing and smart factories by offering compelling advantages to manufacturers. This has boosted use cases of self-driving machines, automated guided vehicle systems (AGVs), collaborative mobile robots, AR/VR headsets, predictive maintenance, and augmented reality (A.R.) in industrial applications. 

Therefore, regulators actively allocate more spectrum to industrial enterprises to establish their own private 5G networks. For instance, in March 2019, the German regulator, Bundesnetzagentur (The Federal Network Agency), announced an assignment of local 5G licenses to meet the need of SMB-sized businesses and industrial applications. 

According to this regulator, 5G could significantly support agriculture, industrial automation, and forestry industries. This has mainly driven the growth of the global private 5G network market.

Key questions answered in this report:

  • What is the size of the Private 5G Network market and what is its expected growth rate?
  • What are the primary driving factors that push the Private 5G Network market forward?
  • What are the Private 5G Network Industry’s top companies?
  • What are the different categories that the Private 5G Network Market caters to?
  • What will be the fastest-growing segment or region?
  • In the value chain, what role do essential players play?
  • What is the procedure for getting a free copy of the Private 5G Network market sample report and company profiles?

Key Offerings:

  • Market Share, Size & Forecast by Revenue | 2023−2030
  • Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
  • Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by Regions
  • Competitive Landscape – Top Key Vendors and Other Prominent Vendors

Directly Purchase a copy of the report [220+ Pages] @ https://www.custommarketinsights.com/report/private-5g-network-market/

Restraints.

 The 5G standard demands a much higher data rate, high reliability, ultra-low latency, and security. However, fourth generation (4G) wireless communication technology LTE and LTE advanced has been deployed all over the globe. Hence, there is a need for a new standard to support low latency and ultra-fast services to customers. For instance, according to a recent survey by NTT, integration of 5G technology with legacy networks and systems is the most significant deployment barrier for private 5G networks. This factor is projected to hamper the market’s growth during the forecast period. 

 Opportunities

Organizations willing to deploy private 5G networks heavily invest in new infrastructure to ensure their existing devices are 5G-ready. This creates lucrative growth opportunities for the market. Also, the leading telecom operators around the globe are expanding their private 5G network offerings. For instance, in March 2022, Nokia signed an agreement with Etisalat UAE to deploy 5G private wireless networks. This agreement aims to support enterprises across Abu Dhabi in various industries by digitally transforming operations and implementing Industry 4.0 through 5G use cases. 

 Challenges

 Deployment of a private 5G network is overgrowing globally; however, enterprises still need to work on the technology’s costs, competition from well-known alternatives such as Wi-Fi 6, and device limitations. In addition, factors including spectrum availability issues and regulatory requirements may pose significant challenges to the market’s growth during the forecasted period. 

Request a Customized Copy of the Private 5G Network Market Report @ https://www.custommarketinsights.com/report/private-5g-network-market/

(We customized your report to meet your specific research requirements. Inquire with our sales team about customizing your report.)

Still, Looking for More Information? Do OR Want Data for Inclusion in magazines, case studies, research papers, or Media? 

Email Directly Here with Detail Information: [email protected]

Browse the full “Private 5G Network Market Size, Trends and Insights By Component (Hardware, Software, Services), By Frequency (Sub-6 GHz, mmWave), By Spectrum (Licensed, Unlicensed/Shared), By Industry Vertical (Manufacturing , Energy & Utilities, Transportation & Logistics, Defense, Enterprises & Campus, Mining, Healthcare/Hospitals, Oil & Gas, Retail, Agriculture, Smart Cities, Others), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022–2030” Report at https://www.custommarketinsights.com/report/private-5g-network-market/

Report Highlights.

Based on the component, the hardware segment is expected to hold the most significant CAGR and is projected to dominate. With the proliferation of enterprise private 5G networks, hardware vendors are starting to miniaturize components associated with private 5G networks. This creates lucrative growth opportunities for the personal 5G network market. For instance, in February 2022, HPE launched a 5G-in-a-box system. According to HPE, use cases for this system include shipping, oil & gas, and military applications.

Based on industry verticals, the manufacturing industry is the leading segment and is expected to make the most significant contribution to the private 5G network market. Over the forecast period, market growth in this segment is expected to be mainly fueled by the emergence of Industry 4.0. Manufacturers are investing in 5G and IoT to enhance their competitiveness and achieve much-needed gains in profitability and efficiency. The 5G network has helped manufacturers to build smart factories with the incorporation of technologies such as automation, augmented reality, artificial intelligence, and the Internet of Things (IoT). Thus, many manufacturers are moving towards private 5G networks to generate new revenue streams.

 Regional Analysis

North America held a dominant position and is predicted to dominate during the forecast period in the private 5G network market due to increased spending on developing private 5G network infrastructure by significant service providers such as Verizon Communications and AT&T Inc. 

Click Here to Access a Free Sample Report of the Global Private 5G Network Market @ https://www.custommarketinsights.com/report/private-5g-network-market/

However, the Asia-Pacific region is expected to witness the highest growth rate during the forecast period due to growing investment in the development of automated factories and the acquisition of a 5G spectrum among countries such as China, South Korea, Japan, and Australia.

Report Scope

Feature of the Report Details
Market Size in 2021 USD 1.45 Billion
Projected Market Size in 2030 USD 41.80 Billion
Market Size in 2022 USD 1.80 Billion
CAGR Growth Rate 49.7% CAGR
Base Year 2022
Forecast Period 2022-2030
Prominent Players Telefonaktiebolaget LM Ericsson, Nokia Corp., Samsung, ZTE Corp., Deutsche Telekom, Juniper Networks, AT&T Inc., Verizon Communications, Altiostar, Huawei Technologies Co. Ltd., Mavenir, BT Group, and Others
Key Segment By Component, Frequency, Spectrum, Industry Vertical, and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors, and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfill your requirements for research.

Click Here to Get a Free Sample Report of the Global Private 5G Network Market @ https://www.custommarketinsights.com/report/private-5g-network-market/

Key Players: 

  • Telefonaktiebolaget LM Ericsson
  • Nokia Corp.
  • Samsung
  • ZTE Corp.
  • Deutsche Telekom
  • Juniper Networks
  • AT&T Inc.
  • Verizon Communications
  • Altiostar
  • Huawei Technologies Co. Ltd.
  • Mavenir
  • BT Group
  • Others

Click Here to Access a Free Sample Report of the Global Private 5G Network Market @ https://www.custommarketinsights.com/report/private-5g-network-market/

Spectacular Deals

  • Comprehensive coverage
  • Maximum number of market tables and figures
  • Subscription-based option offered
  • Best price guarantee
  • Free 35% or 60 hours of customization.
  • Free post-sale service assistance.
  • 25% discount on your next purchase.
  • Service guarantees are available.
  • Personalized market brief by author.

Browse More Related Reports: 

5G Fixed Wireless Access Market: 5G Fixed Wireless Access Market Size, Trends and Insights By Offering (Hardware, Services), By Operating Frequency (SUB-6 GHZ, 24 GHZ-39 GHZ, Above 39 GHZ), By Demography (Urban, Semi-Urban, Rural), By Application (Residential, Commercial, Industrial, Government), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022–2030

Multi-Access Edge Computing Market: Multi-Access Edge Computing Market Size, Trends and Insights By Component (Hardware, Software, Services), By End Use (IT & Telecom, Smart Cities, Smart Homes, & Smart Buildings, Datacenters, Energy & Utilities, Automotive, Others), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022–2030

IoT Telecom Services Market: IoT Telecom Services Market Size, Trends and Insights By Connectivity (Cellular Technologies, LPWAN, NB-IoT, Radio Frequency-Based), By Network Management Solution (Network Performance Monitoring and Optimization, Network Traffic Management, Network Security Management), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022–2030

Infrastructure as a Service Market: Infrastructure as a Service Market Size, Trends and Insights By Component (Storage, Network, Compute, Others), By Deployment (Private, Public, Hybrid), By Industry (BFSI, Government & Education, Healthcare, Telecom & IT, Retail, Manufacturing, Media & Entertainment, Others), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022–2030

Metaverse Market: Metaverse Market Size, Trends and Insights By Components (Software,  Hardware, Services), By Platform (Mobile, Desktop), By Offerings (Avatars, Virtual Platforms, Asset Marketplace, Financial Services), By Technology (Virtual Reality (VR) and Augmented Reality (AR), Mixed Reality, Blockchain, Others), By Application (Gaming, Online Shopping, Content Creation and Social Media, Events and Conference, Digital Marketing, Testing and Inspection, Others), By Industrial Vertical (BFSI, Retail, Media and Entertainment, Education, Aerospace and Defense, Automotive, Others), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032

Automation Testing Market: Automation Testing Market Size, Trends and Insights By Testing Type (Functional testing, Non-Functional testing), By Endpoint Interface (Online, Desktop, Mobile, Embedded Software), By Organization Size (Large Enterprises, SMEs), By Service (Advisory & Consulting, Implementation, Support & Maintenance, Others), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022–2030

Online Poker Market: Online Poker Market Size, Trends and Insights By End-User (Gambling Enthusiasts, Dabblers, Social Exuberant, Teenagers and Adults), By Type (Texas Hold’em Poker, Omaha, 7-Card Stud, 5-Card Draw, Follow The Queen), By Application (Gambling, Entertainment) By Platform (PC, Tablet, Smartphone, Gaming Console, Arcade Games) By Payment Mode (Credit Cards, Debit Cards, Net Banking) and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2030

IT Asset Disposition Market: IT Asset Disposition Market Size, Share, Growth Analysis Report By Service (De-Manufacturing & Recycling, Remarketing & Value Recovery, Data Destruction/Data Sanitation, Logistics Management & Reverse Logistics, Other Services (On-site Audit solutions and Clients’ Online Portals)), By Asset Type (Computers/Laptops, Servers, Mobile Devices, Storage Devices, Peripherals), By Organization Size (Small & Medium-Sized Enterprises, Large Enterprises), By End-User (Banking, Financial Services & Insurance (BFSI), IT & Telecom, Education, Healthcare, Aerospace & Defense, Public Sector & Government Offices, Manufacturing, Media & Entertainment, Others (Energy & Utility, Construction & Real Estate, Logistics & Transportation)), and By Region – Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2030

Recent Developments.

In May 2022, BT Group plc, a British multinational telecommunications holding company announced a multi-million-pound partnership with Ericsson to provide commercial 5G private networks for the UK market.  

Segments covered in the report:

By Component

  • Hardware
  • Software
  • Services

By Frequency

  • Sub-6 GHz
  • mmWave

By Spectrum

  • Licensed
  • Unlicensed/Shared

By Industry Vertical

  • Manufacturing
  • Energy & Utilities
  • Transportation & Logistics
  • Defense
  • Enterprises & Campus
  • Mining
  • Healthcare/Hospitals
  • Oil & Gas
  • Retail
  • Agriculture
  • Smart Cities
  • Others

Click Here to Access a Free Sample Report of the Global Private 5G Network Market @ https://www.custommarketinsights.com/report/private-5g-network-market/

On the basis of Geography

North America

  • The U.S.
  • Canada
  • Mexico

Europe

  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Request a Customized Copy of the Private 5G Network Market Report @ https://www.custommarketinsights.com/report/private-5g-network-market/

This Private 5G Network Market Research/Analysis Report Contains Answers to the following Questions.

  • What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
  • Who Are the Global Key Players in This Private 5G Network Market? What are Their Company Profile, Product Information, and Contact Information?
  • What Was the Global Market Status of the Private 5G Network Market? What Was the Capacity, Production Value, Cost and PROFIT of the Private 5G Network Market?
  • What Is the Current Market Status of the Private 5G Network Industry? What’s Market Competition in This Industry, Both Company and Country Wise? What’s Market Analysis of Private 5G Network Market by Considering Applications and Types?
  • What Are Projections of the Global Private 5G Network Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
  • What Is Private 5G Network Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
  • What Is the Economic Impact On Private 5G Network Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
  • What Are Market Dynamics of Private 5G Network Market? What Are Challenges and Opportunities?
  • What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Private 5G Network Industry?

Reasons to Purchase Private 5G Network Market Report

  • Private 5G Network Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
  • Private 5G Network Market report outlines market value (USD) data for each segment and sub-segment.
  • This report indicates the region and segment expected to witness the fastest growth and dominate the market.
  • Private 5G Network Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
  • The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
  • Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
  • The Industry’s current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
  • Private 5G Network Market Includes in-depth market analysis from various perspectives through Porter’s five forces analysis and provides insight into the market through Value Chain.

Click Here to Access a Free Sample Report of the Global Private 5G Network Market @ https://www.custommarketinsights.com/report/private-5g-network-market/

Reasons for the Research Report

  • The study provides a thorough overview of the global Private 5G Network market. Compare your performance to that of the market as a whole.
  • Aim to maintain competitiveness while innovations from established key players fuel market growth.

What does the report include?

  • Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Private 5G Network market analysis.
  • The competitive environment of current and potential participants in the Private 5G Network market is covered in the report, as well as those companies’ strategic product development ambitions.
  • According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.
  • For each segment mentioned above, actual market sizes and forecasts have been given.

Request a Customized Copy of the Private 5G Network Market Report @ https://www.custommarketinsights.com/report/private-5g-network-market/

Who should buy this report?

  •  Participants and stakeholders worldwide Private 5G Network market should find this report useful. The research will be useful to all market participants in the Private 5G Network industry.
  •  Managers in the Private 5G Network sector are interested in publishing up-to-date and projected data about the worldwide Private 5G Network market.
  •  Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Private 5G Network products’ market trends.
  •  Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans. 

Directly Purchase a copy of the report [220+ Pages] @ https://www.custommarketinsights.com/report/private-5g-network-market/

About Custom Market Insights:

Custom Market Insights is a market research and advisory company delivering business insights and market research reports to large, small, and medium-scale enterprises. We assist clients with strategies and business policies and regularly work towards achieving sustainable growth in their respective domains.

CMI provides a one-stop solution for data collection to investment advice. The expert analysis of our company digs out essential factors that help to understand the significance and impact of market dynamics. The professional experts apply clients inside on the aspects such as strategies for future estimation fall, forecasting or opportunity to grow, and consumer survey.

Follow Us on LinkedInhttps://www.linkedin.com/company/custom-market-insights/

 Follow Us on Twitterhttps://twitter.com/custommarketins

 Follow Us on Facebookhttps://www.facebook.com/cmarketinsights

Subscribe to us on YouTubehttps://www.youtube.com/@custommarketinsights

Contact Us:

Joel John

CMI Consulting LLC

1333, 701 Tillery Street Unit 12, 

Austin, TX, Travis, US, 78702

USA: +1 801-639-9061

India: +91 20 46022736

Email: [email protected]

Web: https://www.custommarketinsights.com/

Blog: https://www.techyounme.com/

Blog: https://atozresearch.com/

Blog: https://www.technowalla.com/

Blog: https://marketresearchtrade.com/

Directly Purchase a copy of the report [220+ Pages] @ https://www.custommarketinsights.com/report/private-5g-network-market/

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

Free Your Hands, QIDI Vida Smart AR Glasses Lead the Way in New Sports Experience.

Published

on

free-your-hands,-qidi-vida-smart-ar-glasses-lead-the-way-in-new-sports-experience.

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
HIGH RES IMAGE: https://we.tl/t-epx2syiuaRWATCH VIDEO: https://www.youtube.com/watch?v=2v_Pli2pAM8&t=164s
Photo – https://mma.prnewswire.com/media/2392090/2.jpgPhoto – https://mma.prnewswire.com/media/2392092/3.jpgPhoto – https://mma.prnewswire.com/media/2392093/4.jpgPhoto – https://mma.prnewswire.com/media/2392089/1_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/free-your-hands-qidi-vida-smart-ar-glasses-lead-the-way-in-new-sports-experience-302122189.html

Continue Reading

Artificial Intelligence

Risk Analytics Market worth $180.9 billion by 2029 – Exclusive Report by MarketsandMarkets™

Published

on

risk-analytics-market-worth-$180.9-billion-by-2029-–-exclusive-report-by-marketsandmarkets™

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
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=210662258
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.
Request Sample Pages@ https://www.marketsandmarkets.com/requestsampleNew.asp?id=210662258
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
Related Reports:
Customer Data Platform Market – Global Forecast to 2028
Speech Analytics Market- Global Forecast to 2029
Text to Video AI Market – Global Forecast to 2027
Contact Center Analytics Market- Global Forecast to 2027
Procurement Analytics Market- Global Forecast to 2026
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact:Mr. Aashish MehraMarketsandMarkets™ INC.630 Dundee RoadSuite 430Northbrook, IL 60062USA: +1-888-600-6441Email: [email protected] Insight: https://www.marketsandmarkets.com/ResearchInsight/risk-analytics-market.aspVisit Our Website: https://www.marketsandmarkets.com/Content Source: https://www.marketsandmarkets.com/PressReleases/risk-analytics.asp
Logo: https://mma.prnewswire.com/media/1951202/4609423/MarketsandMarkets.jpg
 

View original content:https://www.prnewswire.co.uk/news-releases/risk-analytics-market-worth-180-9-billion-by-2029—exclusive-report-by-marketsandmarkets-302121085.html

Continue Reading

Artificial Intelligence

Robotic Palletizer Market worth $1.9 billion by 2029 – Exclusive Report by MarketsandMarkets™

Published

on

robotic-palletizer-market-worth-$1.9-billion-by-2029-–-exclusive-report-by-marketsandmarkets™

CHICAGO, April 19, 2024 /PRNewswire/ — The robotic palletizer market is projected to grow from USD 1.4 billion in 2024 and is expected to reach USD 1.9 billion by 2029, growing at a CAGR of 5.9% from 2024 to 2029 according to a new report by MarketsandMarkets™. Rising awareness towards workplace safety and reducing the risk of work-related injuries to drive the market. Robotic palletizers significantly enhance workplace safety and reduce the risk of work-related injuries and associated costs. By automating repetitive tasks like palletizing, businesses can redeploy their human workforce to higher-value activities that require human skills like problem-solving, critical thinking, and customer interaction. This allows them to optimize their workforce and leverage human capabilities more effectively.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=251064253
Browse in-depth TOC on “Robotic Palletizer Market” 100 – Tables60 – Figures200 – Pages
Robotic Palletizer Market Report Scope:
Report Coverage
Details
Market Revenue in 2024
$ 1.4 billion
Estimated Value by 2029
$ 1.9 billion
Growth Rate
Poised to grow at a CAGR of 5.9%
Market Size Available for
2020–2029
Forecast Period
2024–2029
Forecast Units
Value (USD Million/Billion)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
By Component, Robot Type, Application, End-use Industry and Region
Geographies Covered
North America, Europe, Asia Pacific, and Rest of World
Key Market Challenge
High initial investment cost
Key Market Opportunities
Increasing application in small and medium-sized enterprises
Key Market Drivers
Growing labor shortage and need for workforce optimization
 
Collaborative robots in the robot type segment are expected to witness higher growth rate during the forecast period.
Collaborative robots are expected to witness a higher CAGR during the forecast period. Unlike traditional industrial robots that often require physical barriers or cages to protect human workers, cobots are equipped with advanced safety features, such as force and torque sensors, collision detection, and speed monitoring. These features enable cobots to operate safely in proximity to humans without posing significant risks of injury.
The Pharmaceutical segment in the robotic palletizer market is expected to witness highest growth rate during the forecast period.
Pharmaceutical products are subject to strict regulations regarding storage, handling, and quality control. Robotic palletizers play a crucial role in providing greater precision and consistency in palletizing tasks and minimizing the risk of contamination within pharmaceutical manufacturing facilities. It also reduces human intervention in the handling and stacking of products and helps mitigate the potential for cross-contamination and ensures adherence to strict hygiene standards.
End-of-Arm- Tooling (EOAT) component is expected to witness the highest CAGR in the robotic palletizer market during the forecast period.
End-of-arm tooling (EOAT) is a crucial element of a robotic arm system, especially in applications like robotic palletizing, where the robot needs to interact with various objects or products. EOAT essentially acts as the hand of the robotic arm, designed to securely grasp, lift, and place boxes or cases onto pallets. Overall, EOAT plays a vital role in the effectiveness of robotic palletizers as it ensures secure handling of products, efficient palletizing patterns, and smooth operation of the entire system.
Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=251064253
North America is expected to hold the largest share of the robotic palletizer industry during the forecast period.
North America is home to major automobile and retail companies, which has accelerated the demand for robotic palletizers in this region. Additionally, the rise in manufacturing activity, fueled by plans for reshoring and technological improvements, has further driven the need for robotic palletizers. In North America, certain government funds are available to increase workplace safety. In 2023, the Occupational Safety and Health Administration announced a grant of approximately USD 12.7 million to 100 non-profit organizations across the nation to provide education and training for workers and employers about recognizing workplace hazards, injury prevention, and understanding workers’ rights and employers’ responsibilities under federal law. Businesses that use robotic palletizers may be eligible for funding as they lower the risk of worker injuries from manual lifting.
Key Players
Leading players in the robotic palletizer companies include FANUC CORPORATION (Japan), KION GROUP AG (Germany), KUKA AG (Germany), ABB (Switzerland), and Krones AG (Germany). Schneider Packaging Equipment Company, Inc. (US), Honeywell International Inc. (US), Kaufman Engineered Systems (US), Concetti S.p.A. (Italy), Sidel (France), Brenton, LLC. (US), A-B-C Packaging Machine Corporation (US), Antenna Group (Italy), BEUMER GROUP (Germany), Brillopak (UK), BW Integrated Systems (US), Columbia Machine, Inc. (US), Euroimpianti S.p.A. (Italy),  Fuji Yusoki Kogyo Co., Ltd. (Japan), HAVER & BOECKER OHG (Germany), KHS Group (Germany), MMCI  (US), Okura Yusoki Co., Ltd. (Japan), Rothe Packtech Pvt. Ltd. (India),  and S&R Robot Systems, LLC. (US) are few other key companies operating in the robotic palletizer market.
Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=251064253
Browse Adjacent Market: Semiconductor and Electronics Market Research Reports & Consulting
Related Reports: 
Palletizer Market Size, Share, Statistics and Industry Growth Analysis Report by Technology (Conventional, Robotic), Product Type (Bags, Boxes and Cases, Pails and Drums), Industry (Food & Beverages, Chemicals, Pharmaceuticals, Cosmetics & Personal Care, E-commerce and Retail) & Region – Global Growth Driver and Industry Forecast to 2029
Autonomous Mobile Robots Market by Offering (Hardware, Software and Services), Payload Capacity (500 kg), Navigation Technology (Laser/LiDAR, Vision Guidance), Industry (Manufacturing, Retail, E-commerce) – Global Forecast to 2028
Automated Guided Vehicle Market Size, Share, Industry, Statistics & Growth by Type (Tow Vehicles, Unit Load Carriers, Forklift Trucks, Assembly Line Vehicles, Pallet Trucks), Navigation Technology (Laser Guidance, Magnetic Guidance, Vision Guidance), Industry, Region – Global Forecast to 2028
Automated Storage and Retrieval System Market by Function (Storage, Distribution, Assembly), Type (Unit Load, Mini Load, Vertical Lift Module, Carousel, Mid Load), Vertical (Automotive, Food & Beverages, E-Commerce, Retail) – Global Forecast to 2028
Automated Material Handling Equipment Market Size, Share, Statistics and Industry Growth Analysis Report by Product (Robots, ASRS, Conveyors And Sortation Systems, Cranes, WMS, AGV), System Type (Unit Load, Bulk Load), Industry (Automotive, E-Commerce, Food & Beverage) and Region – Global Forecast to 2028
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact: Mr. Aashish MehraMarketsandMarkets™ INC. 630 Dundee RoadSuite 430Northbrook, IL 60062USA: +1-888-600-6441Email: [email protected] Our Web Site: https://www.marketsandmarkets.com/Research Insight: https://www.marketsandmarkets.com/ResearchInsight/robotic-palletizer-companies.aspContent Source: https://www.marketsandmarkets.com/PressReleases/robotic-palletizer.asp
Logo: https://mma.prnewswire.com/media/2297424/MarketsandMarkets_Logo.jpg
 

View original content:https://www.prnewswire.co.uk/news-releases/robotic-palletizer-market-worth-1-9-billion-by-2029—exclusive-report-by-marketsandmarkets-302120878.html

Continue Reading

Trending