Artificial Intelligence
Autonomous Mobile Robots Market to Record a CAGR of 18.1%, Lithium-Ion Battery to be Largest Revenue-generating Battery Type – Market.us
<!– Name:DistributionId Value:8835181 –> <!– Name:EnableQuoteCarouselOnPnr Value:False –> <!– Name:IcbCode Value:2790 –> <!– Name:CustomerId Value:1269133 –> <!– Name:HasMediaSnippet Value:false –> <!– Name:AnalyticsTrackingId Value:f5c0265b-57ef-40cb-9d26-d43c08cf2b11 –>
New York , May 09, 2023 (GLOBE NEWSWIRE) — The Global Autonomous Mobile Robots Market was worth USD 3.6 billion in 2022. It is projected to surpass around USD 18.2 billion by 2032, and it is poised to reach a CAGR of 18.1% from 2023 to 2032.
Autonomous mobile robots are the type of robots that are mainly used in various industries for different uses like sorting, transporting, and picking products. These autonomous mobile robots are integrated with different sensors, cameras, manufacturing facility maps, and different software for seamless operations within the manufacturing facility. The benefits of autonomous mobile robots over manual labor, like low cost of labor, product damage prevention, automated process, and enhanced productivity, act as a growth factor for the autonomous mobile robots market.
To get additional highlights on major revenue-generating segments, Request an Autonomous Mobile Robots Market sample report at https://market.us/report/autonomous-mobile-robots-market/request-sample/
Key Takeaway:
- By Component, hardware held a dominating revenue share of 63.4% in 2022
- By Type, the goods-to-person picking robots leads the segment with a major account share.
- By Battery Type, lead battery covers a major revenue share of 48.6% in the market.
- By End-Use Industry, the automotive industry mostly uses autonomous mobile robots in its operations.
- Europe held a major revenue share of 29.4% in 2022.
- Asia Pacific market is anticipated to grow significantly over the forecast period.
Some industries using autonomous mobile robots are chemical, automotive, aerospace, electronics, pharmaceuticals, defense, FMCG, and many others. All these industries use autonomous mobile robots in their industrial operations to enhance productivity and prevent product damage.
Factors Affecting the Growth of the Autonomous Mobile Robots Market
Several factors can affect the growth of the autonomous mobile robots market. Some of these factors include:
- Increasing Automation Across Industries: Industries are adopting advanced solutions in their facilities to increase efficiency and productivity within the industry. Many companies are switching to automated technologies for their benefits over manual labor work. Therefore, the autonomous mobile robots market has been experiencing growth in the last few years.
- High Productivity and Efficiency: Autonomous mobile robots complete the given task in the given time more efficiently and with less energy consumption. This is attracting more companies to adopt autonomous mobile robots in their companies.
To understand how our report can bring a difference to your business strategy, Inquire about a brochure at https://market.us/report/autonomous-mobile-robots-market/#inquiry
Top Trends in Global Autonomous Mobile Robots Market
The trend of integrating advanced technologies in robots for more productive and efficient functioning is boosting the growth of the autonomous mobile robots market. The emergence of smart logistical services and automated warehouses has helped industries to synchronize all the resources and optimize them efficiently. These upgrading technologies it has created many opportunities in the market for companies to introduce advanced autonomous robots with extra features to meet the evolving distribution centers and warehouses.
Market Growth
The high efficiency of autonomous mobile robots is attracting more companies to adopt them. Industries are adopting advanced solutions in their facilities to increase efficiency and productivity within the industry. Many companies are switching to automated technologies for their benefits over manual labor work. Therefore, the autonomous mobile robots market has been experiencing growth in the last few years. Also, with the high penetration of the Internet across the world, e-commerce activities have risen significantly in the last few years. This has increased the demand for autonomous mobile robots in the e-commerce distribution channels for lifting and sorting of the high payload goods.
Regional Analysis
The global autonomous mobile robots market is dominated by the Europe region, accounting for a major revenue share of 29.4%. This exponential growth of the Europe region is attributed to the increasing demand for advanced material-handling tools within the manufacturing and transportation facilities of the industries. Many companies in the Europe region are adopting automation facilities in their industries to increase productivity and efficiency in the industry. These key factors are driving the growth of the Europe region in the global autonomous mobile robots market. Also, the Asia Pacific region is anticipated to grow significantly over the forecast period. Major countries like China, Japan, South Korea, and India in the Asia Pacific region are focusing on the adoption of advanced technologies like artificial intelligence-based services and 5G networks.
Competitive Landscape
The competitive landscape of the market has also been examined in this report. The autonomous mobile robots market is fragmented into many companies offering robots. The major companies in the market are adopting the strategies like mergers, acquisitions, collaboration, and partnership to expand their market share across different regions and strengthen their position in the market. Some of the major players include IAM Robotics, Clearpath Robotics Inc., GreyOrange, Boston Dynamics, Harvest Automation, Stanley Robotics, inVia Robotics Inc., KUKA AG, Teradyne Inc., ABB Ltd, and other key players.
Have Queries? Speak to an expert or Click Here To Download/Request a Sample
Scope of the Report
| Report Attribute | Details |
| Market Value (2022) | US$ 3.6 Billion |
| Market Size (2032) | US$ 18.2 Billion |
| CAGR (from 2023 to 2032) | 18.1% from 2023 to 2032 |
| Europe Revenue Share | 29.4% |
| Historic Period | 2016 to 2022 |
| Base Year | 2022 |
| Forecast Year | 2023 to 2032 |
Market Drivers
The increased adoption of autonomous mobile robots by the e-commerce industry in distribution centers and warehouses is driving the growth of the autonomous mobile robots market. The major companies in the e-commerce industry are using various types of autonomous mobile robots for their application in sorting, packaging, lifting, and many such functions. This has optimized the e-commerce industry’s workload and helped them perform seamless operations. These key factors are driving the growth of the autonomous mobile robots market.
Market Restraints
Autonomous mobile robots cost less than the increasing manual labor cost. But the high initial investment and high maintenance restrict small and medium enterprises from adopting autonomous mobile robots. In addition, the cost to establish the proper autonomous mobile robots for distribution, sorting, and packaging for better productivity and high efficiency is very high than manual labor. Therefore, small and medium enterprises opt for manual labor over autonomous mobile robots. This is restricting the growth of the autonomous mobile robots market.
Market Opportunities
The major companies in the market are heavily investing in the research and development of autonomous mobile robots. The companies are aiming to upgrade the available robots with more precise and advanced technology. This move from the companies is expected to create many lucrative opportunities in the market over the forecast period. Also, the governments of many countries are also supporting the growth of the autonomous mobile robots market by introducing new subsidies and schemes for industries to adopt autonomous mobile robots.
Grow your profit margin with Market.us – Purchase This Premium Report at https://market.us/purchase-report/?report_id=22894
Report Segmentation of the Autonomous Mobile Robots Market
Component Insight
The hardware leads the component segment with a major market revenue share in the account. This massive growth of the hardware segment is due to the high market demand for the spare parts used in autonomous mobile robots. The hardware of AMRs includes brakes, motors, sensors, batteries, and many other gears. Therefore, the high use of these gears in autonomous mobile robots is driving the growth of the hardware in the components segment of the autonomous mobile robots market. After hardware, the software segment is expected to grow at the fastest CAGR during the forecast period. Software is an important part of autonomous mobile robots. The AMRs require various types of software to perform various functions.
Type Insight
The ability of the goods-to-person picking robots to navigate the flexible routes and carry the carts to transport the goods between the stations and workers is driving the growth of the robots in the type segment of the autonomous mobile robots market. The goods-to-person picking robots provide high efficiency in warehousing and manufacturing operations within the industries. This is attracting more industries to adopt the goods-to-person picking robots. Also, the self-driving forklifts are expected to grow during the forecast period. The growth of self-driving forklifts is due to the ability of these robots in the repetitive load-handling operations.
Battery Type Insight
The lead battery covers a major share of the battery type segment. This massive growth of lead batteries is owing to the advantages of lead batteries over the others in the competition. The lead battery costs much less than the other batteries in the competition and provides a stable voltage to the robot. Therefore, the lead battery is mostly preferred over the other batteries in the competition. However, lithium-ion batteries are expected to grow at considerable growth during the forecast period. The high energy density and long-life cycle are anticipated to switch the preferences of industries to lithium-ion batteries.
End-Use Industry Insight
The automotive industry leads the end-use industry segment by covering the significant revenue share in the segment. The growth of the automotive industry is due to the use of autonomous mobile robots in the automotive industry for various functions like painting, lifting, sealing, coating, transporting, and many such functions. This wide use of autonomous mobile robots in the automotive industry is boosting the growth of the automotive industry in the end-use industry segment of the autonomous mobile robots market.
For more insights on the historical and Forecast market data from 2016 to 2032 – download a sample report at https://market.us/report/autonomous-mobile-robots-market/request-sample/
Market Segmentation
Based on Components
- Software
- Hardware
- Services
Based on Type
- Autonomous Inventory Robots
- Self-driving Forklifts
- Goods-to-person picking robots
- Unmanned Aerial Vehicles
Based on the Battery Type
- Lithium-Ion Battery
- Lead Battery
- Nickel-Based Battery
- Other Battery Types
Based on End-Use Industry
- Automotive
- Chemical
- Electronics
- Aerospace
- Pharmaceuticals
- Defense
- FMCG
- Other End-Use Industries
Based on Geography
- North America
- The US
- Canada
- Mexico
- Western Europe
- Germany
- France
- The UK
- Spain
- Italy
- Portugal
- Ireland
- Austria
- Switzerland
- Benelux
- Nordic
- Rest of Western Europe
- Eastern Europe
- Russia
- Poland
- The Czech Republic
- Greece
- Rest of Eastern Europe
- APAC
- China
- Japan
- South Korea
- India
- Australia & New Zealand
- Indonesia
- Malaysia
- Philippines
- Singapore
- Thailand
- Vietnam
- Rest of APAC
- Latin America
- Brazil
- Colombia
- Chile
- Argentina
- Costa Rica
- Rest of Latin America
- Middle East & Africa
- Algeria
- Egypt
- Israel
- Kuwait
- Nigeria
- Saudi Arabia
- South Africa
- Turkey
- United Arab Emirates
- Rest of MEA
Market Key Players:
- GreyOrange
- Harvest Automation
- Stanley Robotics
- inVia Robotics Inc.
- IAM Robotics
- Boston Dynamics
- Clearpath Robotics Inc.
- KUKA AG
- Teradyne Inc.
- ABB Ltd
- Other Key Players
Recent Development of the Autonomous Mobile Robots Market
- In July 2021, ABB acquired ASTI Mobile Robotics Group. The aim of this acquisition between ABB and ASTI Mobile Robotics Group is to expand the robots and automation offering of ABB across the world.
- In March 2022, Locus Robotics launched two new robots in the market, namely “Locus Vector” and “Locus Max.” These autonomous mobile robots have the capacity to lift the heavyweight payload.
Browse More Related Reports
- Delta Robots Market is expected to grow at a CAGR of roughly 8.9% over the next ten years and will reach USD 369.9 million in 2028, from USD 203.7 million in 2021.
- Hospital Logistics Robots Market is projected to be USD 1.06 Bn in 2021 to reach USD 5.17 Bn by 2032 at a CAGR of 15.5%.
- Collaborative Robots Market size is expected to be worth around USD 224.19 billion by 2032 from USD 4.03 billion in 2021, growing at a CAGR of 44.1% during the forecast period 2022 to 2032.
- Warehouse Robotics Market was valued at USD 5.5 billion and expected to grow around USD 19.2 billion by 2032, and this market is estimated to register at a CAGR of 13.3%.
About Us:
Market.US (Powered by Prudour Pvt Ltd) specializes in in-depth market research and analysis and has been proving its mettle as a consulting and customized market research company, apart from being a much sought-after syndicated market research report-providing firm. Market.US provides customization to suit any specific or unique requirement and tailor-makes reports as per request. We go beyond boundaries to take analytics, analysis, study, and outlook to newer heights and broader horizons.
Follow Us On LinkedIn Facebook Twitter
Our Blog:
Artificial Intelligence
UK Data Center Market to Reach Investment of $10.13 Billion by 2029, Get Insights on 200 Existing Data Centers and 40 Upcoming Facilities across the UK – Arizton
CHICAGO, April 16, 2024 /PRNewswire/ — According to Arizton’s latest research report, the UK data center market is growing at a CAGR of 2.37% during 2023-2029.
To Know More, Download the Free Sample Report: https://www.arizton.com/market-reports/uk-data-center-market-investment-analysis
The UK Data Center Market Report Scope
Report Scope
Details
Market Size (Investment)
USD 10.13 Billion (2029)
Market Size (Area)
955 Thousand Sq. Feet (2029)
Market Size (Power Capacity)
183 MW (2029)
CAGR: Investment (2023-2029)
2.37 %
Colocation Market Size (Revenue)
USD 5 Billion (2029)
Historic Year
2020-2022
Base Year
2023
Forecast Year
2024-2029
The UK data center market is poised for substantial growth, largely propelled by the expanding presence of Artificial Intelligence (AI) technologies across industries. Projections suggest that by 2040, an estimated one million businesses throughout the UK will have integrated AI-driven solutions into their operations. According to the Global Innovation Index 2023, the UK was ranked fourth out of 211 countries.
Key Insights
The growth of the UK data center market is fueled by investments from colocation data center operators including key players such as Equinix, VIRTUS Data Centres, Digital Realty, and Ark Data CentresMajor cloud service providers, such as AWS, Microsoft, and Google, are actively expanding their data center infrastructure in the UK. Investments and expansion initiatives by these providers align with the growing demand for cloud services.Countries including Manchester, Berkshire, and West Sussex are witnessing investments in data center facilities. Sustainability efforts such as the use of hydrotreated vegetable oil (HVO) by Datum Datacentres are prevalent across counties.The UK government has launched initiatives such as the Wireless Infrastructure Strategy, which is aiming to increase wireless network connectivity by 2030. The Digital Strategy, launched by the UK government, outlines a holistic approach to digital policy across critical domains, emphasizing the country’s commitment to digital technology.Investment Opportunities
Within the Western European region, the UK represents approximately 20% of the total data center investments. This can be attributed to the growing internet penetration and the extensive adoption of cloud-based services across various sectors within the country.The significance of the UK in submarine cable connectivity is underscored by its 56 submarine cables, linking the country to key regions such as the US, Europe, Africa, the Middle East, and Asia. The notable submarine cables include Apollo, BT-MT-1, Circe South, ESAT-1, Europe India Gateway, and NO-UK. The upcoming submarine cables, namely 2Africa, Amitie, and BT North Sea, are poised to strengthen the UK’s global connectivity further.The strategic rollout of 5G network connectivity is a key focus in the UK, spearheaded by major telecom operators, including EE, Vodafone, Ericsson, Three UK, and O2. Complementing these efforts, the UK government has initiated projects such as 5G Logistics, 5G Ports, Smart Junctions 5G, AMC2, 5G CAL, 5G Factory of The Future, and 5GEM-UK.In May 2023, Kao Data unveiled its plans to construct a 40 MW data center in Manchester’s Kenwood Point for a projected investment of $440 million; the facility is set to go live in late 2025. The strategic move into Manchester aligns with Kao Data’s commitment to advancing the region’s computing capabilities and supporting the aspirations of the UK government.In April 2023, Equinix planned to develop a 30 MW data center facility in Slough Trading Estate in Berkshire, outside London. It is a five-story building with two data halls on each floor.In April 2023, Vantage Data Centers announced the development of a second data center campus, LHR2, in West London, with an investment of around $310 million. The LHR1 data center campus, with a total area of 40,000 square feet and two 24 MW multi-story data centers, is expected to be online by 2024.To Know More, Click: https://www.arizton.com/market-reports/uk-data-center-market-investment-analysis
Existing VS Upcoming Data Centers
Existing Facilities in the Region (Area and Power Capacity)
Greater LondonBerkshireGreater ManchesterOther CountiesList of Upcoming Facilities in the Region (Area and Power Capacity)
Why Should You Buy this Research?
Market size is available in the investment, area, power capacity, and UK colocation market revenue.An assessment of the data center investment in the UK by colocation and enterprise operators.Investments in the area (square feet) and power capacity (MW) across locations in the country.A detailed study of the existing UK data center market landscape, an in-depth market analysis, and insightful predictions about market size during the forecast period.Snapshot of existing and upcoming third-party data center facilities in the UKFacilities Covered (Existing): 200Facilities Identified (Upcoming): 40Coverage: 30+ LocationsExisting vs. Upcoming (Area)Existing vs. Upcoming (IT Load Capacity)Data Center Colocation Market in the UKMarket Revenue & Forecast (2023-2029)Retail & Wholesale Colocation PricingThe UK data center market investments are classified into IT, power, cooling, and general construction services with sizing and forecast.A comprehensive analysis of the latest trends, growth rate, potential opportunities, growth restraints, and prospects for the industry.Business overview and product offerings of prominent IT infrastructure providers, construction contractors, support infrastructure providers, and investors operating in the industry.A transparent research methodology and the analysis of the demand and supply aspects of the industry.The Report Includes the Investment in the Following Areas:
IT InfrastructureServersStorage SystemsNetwork InfrastructureElectrical InfrastructureUPS SystemsGeneratorsTransfer Switches & SwitchgearsPDUsOther Electrical InfrastructureMechanical InfrastructureCooling SystemsRacksOther Mechanical InfrastructureCooling SystemsCRAC & CRAH UnitsChiller UnitsCooling Towers, Condensers & Dry CoolersEconomizers & Evaporative CoolersOther Cooling UnitsGeneral ConstructionCore & Shell DevelopmentInstallation & Commissioning ServicesEngineering & Building DesignFire Detection & Suppression SystemsPhysical SecurityData Center Infrastructure Management (DCIM)Tier StandardTier I & Tier IITier IIITier IVGeographyGreater LondonOther CountiesVendor Landscape
IT Infrastructure Providers
Arista NetworksAtosBroadcomCisco SystemsDell TechnologiesFujitsuHewlett Packard EnterpriseHuawei TechnologiesIBMJuniper NetworksLenovoNetAppData Center Construction Contractors & Sub-Contractors
2bmAECOMArupARC:MCAtkinsBladeRoom Data CentresBouygues ConstructionDeernsFuture-techHDR ArchitectureINFINITIISGJCA EngineeringKirby Engineering GroupKMG PartnershipMaceMercury EngineeringMiCiMstudioNWAOakmont ConstructionSweet ProjectsREDSPIE UKSkanskaSTO Building GroupSudlowsTTSPWaldeckSupport Infrastructure Providers
ABBAiredale International Air ConditioningCaterpillarCumminsDelta ElectronicsEatonKohler SDMOLegrandMitsubishi ElectricPiller Power SystemsRolls RoyceRiello Elettronica (Riello UPS)RittalSchneider ElectricSocomecSiemensSTULZVertivData Center Investors
Amazon Web Services (AWS)Ark Data CentresChina Mobile International (CMI)Colt Data Centre ServicesCustodian Data CentresCyrusOneCyxtera TechnologiesCorscale Data CentersDigital RealtyData DatacentresEquinixEchelon Data CentresGlobal SwitchIron MountainIonosInfinity SDCKeppel Data CentresKao DataNTT Global Data CentersLumen TechnologiesMicrosoftProximity Data CentresServerfarmSungard Availability ServicesTelehouseVantage Data CentersVirtus Data Centres (ST Telemedia Global Data Centres)YondrNew Entrants
CloudHQDigital ReefEdgeCore Digital InfrastructureGoogleGlobal Technical RealtyStratus DC ManagementKey Questions Answered in the Report
What is the growth rate of the UK data center market?
What are the driving factors for the UK data center market?
How much is the UK data center market investment expected to grow?
Who are the new entrants in the UK data center market?
How many data centers have been identified in the UK?
Get the Detailed TOC @ https://www.arizton.com/market-reports/uk-data-center-market-investment-analysis
Check Out Some of the Top Selling Reports:
Belgium Data Center Market – Investment Analysis & Growth Opportunities 2023-2028
Italy Data Center Market – Investment Analysis & Growth Opportunities 2023-2028
Greece Data Center Market – Investment Analysis & Growth Opportunities 2024-2029
France Data Center Market – Investment Analysis & Growth Opportunities 2023-2028
Why Arizton?
100% Customer Satisfaction
24×7 availability – we are always there when you need us
200+ Fortune 500 Companies trust Arizton’s report
80% of our reports are exclusive and first in the industry
100% more data and analysis
1500+ reports published till date
About Us:
Arizton Advisory and Intelligence is an innovative and quality-driven firm that offers cutting-edge research solutions to clients worldwide. We excel in providing comprehensive market intelligence reports and advisory and consulting services.
We offer comprehensive market research reports on consumer goods & retail technology, automotive and mobility, smart tech, healthcare, life sciences, industrial machinery, chemicals, materials, I.T. and media, logistics, and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.
Arizton comprises a team of exuberant and well-experienced analysts who have mastered generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.
Contact UsCall: +1-312-235-2040 +1 302 469 0707 Mail: [email protected] Contact Us: https://www.arizton.com/contact-us Blog: https://www.arizton.com/blog Website: https://www.arizton.com/
Logo: https://mma.prnewswire.com/media/818553/Arizton_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/uk-data-center-market-to-reach-investment-of-10-13-billion-by-2029–get-insights-on-200-existing-data-centers-and-40-upcoming-facilities-across-the-uk—arizton-302118393.html
Artificial Intelligence
GEP NAMED ‘LEADER’ IN MULTIPLE GLOBAL PROCUREMENT SERVICES REPORTS BY TOP ANALYST FOR FOURTH YEAR IN A ROW
ISG cites GEP CONSULTING and GEP SERVICES for their ability to address complex categories in sourcing and spend management, and continued success in global engagementsCements GEP as the ideal global partner for transforming procurement, supply chain and business operationsCLARK, N.J., April 16, 2024 /PRNewswire/ — GEP®, a leading provider of AI-powered procurement and supply chain software, strategy, and managed services to Fortune 500 and Global 2000 enterprises worldwide, announced today that it has been named a Leader in the ISG Provider Lens™ – Procurement Services 2024 – Global, for the fourth year in a row. GEP is named a leader in all three categories:
Procurement Operations Modernization ServicesStrategic Sourcing and Category Management ServicesDirect Procurement Enablement and Modernization ServicesDownload a complimentary copy of each of these reports, which evaluates providers of transformation services, and the software platforms and tools enterprises use to transform procurement here.
GEP’s chief marketing officer Al Girardi, explained “At a time when business is transforming procurement to mitigate inflation and global uncertainty, GEP’s ability to integrate consulting, managed services and software makes us the ideal strategic partner for companies in driving competitive advantage, resilience, cost savings and shareholder value. GEP is the only firm globally that provides end-to-end procurement and supply chain strategy, managed services and technology solutions under one umbrella, providing a one-handshake solution for clients.”
Direct Procurement Enablement and Modernization Services
According to the ISG Provider Lens lead analyst Bruce Guptill, “GEP’s leadership builds on its ability to address complex and varying client needs and modernize direct procurement operations integrated with finance, supply chain and other associated disciplines.”
ISG Provider Lens™ cites GEP strengths in Procurement Operations Modernization Services as:Full modernization and optimization portfolio.Extensive partner network to enable, deliver and support procurement and supply chain improvement beyond the abilities of many other providers.AI-powered GEP QUANTUM low-code, cloud-native development platform for efficient integration and data exchange across procurement- and supply chain-related applications. ISG Provider Lens™ cites GEP strengths in Strategic Sourcing and Category Management Services as:Strategic sourcing and category management offerings.Robust software foundation. Deep pool of software and service partners. ISG Provider Lens™ cites GEP strengths in Direct Procurement and Modernization as:Substantial expertise and experience in direct sourcing.Software platforms including the AI-powered GEP SMART™ platform (S2P), GEP NEXXE for supply chain management, GEP GREEN™ for ESG tracking and reporting, and QUANTUM platform for AI-driven automation, analytics and low-code development.Nontraditional partnerships for direct sourcing presence.About ISG Provider Lens™ Research The ISG Provider Lens™ Quadrant research series is the only service provider evaluation of its kind to combine empirical, data-driven research and market analysis with the real-world experience and observations of ISG’s global advisory team. The research currently covers providers offering their services globally, across Europe and Latin America, as well as in the U.S., Germany, Switzerland, the U.K., France, the Nordics, Brazil and Australia/New Zealand, with additional markets to be added in the future. For more information about ISG Provider Lens™ research, please visit this webpage. ISG (Information Services Group) (Nasdaq: III) is a leading global technology research and advisory firm with more than 700 clients, including more than 75 of the world’s top 100 enterprises. For more information, visit www.isg-one.com.
About GEPGEP® delivers AI-powered procurement and supply chain solutions that help global enterprises become more agile and resilient, operate more efficiently and effectively, gain competitive advantage, boost profitability and increase shareholder value. Fresh thinking, innovative products, unrivaled domain expertise, smart, passionate people — this is how GEP SOFTWARE™, GEP STRATEGY™ and GEP MANAGED SERVICES™ together deliver procurement and supply chain solutions of unprecedented scale, power and effectiveness. Our customers are the world’s best companies, including more than 550 Fortune 500 and Global 2000 industry leaders who rely on GEP to meet ambitious strategic, financial and operational goals. A leader in multiple Gartner Magic Quadrants, GEP’s cloud-native software and digital business platforms consistently win awards and recognition from industry analysts, research firms and media outlets, including Gartner, Forrester, IDC, ISG, and Spend Matters. GEP is also regularly ranked a top procurement and supply chain consulting and strategy firm, and a leading managed services provider by ALM, Everest Group, NelsonHall, IDC, ISG and HFS, among others. Headquartered in Clark, New Jersey, GEP has offices and operations centers across Europe, Asia, Africa and the Americas. To learn more, visit http://www.gep.com/.
GEP Media Contact Derek CreeveyPhone: +1 732-382-6565Email: [email protected]
Photo – https://mma.prnewswire.com/media/2388862/GEP_Global_Supply_Chain_Volatility_Index.jpg
Logo – https://mma.prnewswire.com/media/518346/GEP_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/gep-named-leader-in-multiple-global-procurement-services-reports-by-top-analyst-for-fourth-year-in-a-row-302118563.html
Equity Insider Commentary
VANCOUVER, BC, April 16, 2024 /PRNewswire/ — EQUITY INSIDER – Data centers are at the core of what’s powering the ongoing artificial intelligence (AI) boom. With almost every major industry shifting towards AI, massive amounts of new infrastructure will still be needed, in particular data centers. The Data Center Equipment Market is exploding, with analysts at Straits Research projecting it to surpass $164 billion by 2031, growing at a whopping 13.2% CAGR along the way. According to Technavio, 38% of growth in the Data Center Rack PDU Market growth will originate from North America, while surging data center demand is pushing the limits of available workers. Among the innovators helping to bring the AI revolution to life are a mix of innovators, including Avant Technologies Inc. (OTC:AVAI), NVIDIA Corporation (NASDAQ:NVDA) (NEO:NVDA), Intel Corporation (NASDAQ:INTC), Advanced Micro Devices, Inc. (NASDAQ:AMD) (NEO:AMD), and Amazon.com, Inc. (NASDAQ:AMZN) (NEO:AMZN).
AI tech developer, Avant Technologies Inc. (OTC: AVAI) specializes in the development of advanced AI and data center infrastructure solutions. Recently, the company announced that development on its next-generation, AI-driven resource allocation system is now fully underway. This news follows Avant’s February 2024 announcement of its decision to begin enhancing its sophisticated machine and deep learning AI system, Avant AI™, with automated data center resource management for its new high-density compute data center infrastructure. The company’s management team has expressed great satisfaction with the rapid progress made since the announcement.
This new Avant AI™ innovative initiative seeks to harness the power of AI to improve resource use, boost performance, and give businesses unmatched flexibility in their data center operations.
“We are excited about the quick development being made on our groundbreaking AI for intelligent data center management,” said Timothy Lantz, CEO of Avant. “These latest innovations will help our customers unlock new levels of performance and efficiency in their data center operations and achieve success in today’s digital era. We anticipate that Avant’s AI infrastructure solutions will directly boost our clients’ bottom lines and provide a significant competitive advantage in the marketplace.”
Avant AI™ analyzes data in real-time to foresee future resource requirements, automatically assigns resources, and adjusts to fluctuating workloads. Its multi-layered architecture maintains data quality and reliability as it converts AI suggestions into practical actions. Avant AI™ helps businesses by reducing resource waste, lessening performance delays, speeding up resource expansion, and automating resource distribution, which altogether enhances operational efficiency.
“The demands placed on data centers are constantly evolving,” said Danny Rittman, Chief Information Officer of Avant. “Traditional static provisioning and manual configuration methods struggle to keep pace with dynamic workloads and ever-increasing resource needs. Our AI-driven resource allocation system represents a paradigm shift, promising to revolutionize data center management.”
It’s easy to witness the growth of data centers by looking at leading chipmaker NVIDIA Corporation (NASDAQ: NVDA) (NEO: NVDA), which has seen its Data Center business explode by more than 400% since last year to $18.4 billion in Q4 2024, as reported in its Q4 and FY 2024 results. Key to the growth has been the surging demand for NVIDIA’s H100 graphics cards that are widely used to power generative AI apps such as OpenAI’s ChatGPT.
“Accelerated computing and generative AI have hit the tipping point. Demand is surging worldwide across companies, industries and nations,” said Jensen Huang, founder and CEO of NVIDIA. “Our Data Center platform is powered by increasingly diverse drivers — demand for data processing, training and inference from large cloud-service providers and GPU-specialized ones, as well as from enterprise software and consumer internet companies. Vertical industries — led by auto, financial services and healthcare — are now at a multibillion-dollar level.”
Back in mid-December 2023, NVIDIA’s competitor Intel Corporation (NASDAQ:INTC) unveiled its own new data center chip with a focus on AI growth. The company would go on to follow this up by announcing Gaudi 3 availability to original equipment manufacturers (OEMs), including with Dell Technologies, HPE, Lenovo, and Supermicro, serving to broaden Intel’s AI data center market offerings for enterprises.
“Innovation is advancing at an unprecedented pace, all enabled by silicon – and every company is quickly becoming an AI company,” said Pat Gelsinger CEO of Intel. “Intel is bringing AI everywhere across the enterprise, from the PC to the data center to the edge. Our latest Gaudi, Xeon and Core Ultra platforms are delivering a cohesive set of flexible solutions tailored to meet the changing needs of our customers and partners and capitalize on the immense opportunities ahead.”
Companies are aiming to expand their GenAI projects from initial trials to full-scale production. To achieve this, they require accessible solutions based on powerful, cost-effective, and energy-efficient processors, such as the Intel Gaudi 3 AI accelerator. These solutions must also tackle challenges like complexity, fragmentation, data security, and compliance needs.
Not to be left out, Advanced Micro Devices, Inc. (NASDAQ: AMD) (NEO: AMD) also made adjustments back in December 2023, by introducing new AI and Data Center products, including its Instinct MI300X Series accelerator to deliver robust performance for HPC and AI workloads. The MI300X launch was seen as a move that could help the chipmaker to better compete with Nvidia amid the AI boom. Then by early April 2024, AMD announced the expansion of its AMD VersalTM adaptive system on chip (SoC) portfolio, with its newer Versal AI Edge Series Gen 2 and Versal Prime Series Gen 2 adaptive SoCs, which bring preprocessing, AI interference, and postprocessing together in a single device for end-to-end acceleration of AI-driven embedded systems.
“The demand for AI-enabled embedded applications is exploding and driving the need for single-chip solutions for the most efficient end-to-end acceleration within the power and area constraints of embedded systems,” said Salil Raje, senior vice president and general manager, Adaptive and Embedded Computing Group, AMD. “Backed by over 40 years of adaptive computing leadership, these latest generation Versal devices bring together multiple compute engines on a single architecture offering high compute efficiency and performance with scalability from the low-end to high-end.”
As of late March 2024, online giant Amazon.com, Inc. (NASDAQ: AMZN) (NEO: AMZN) appears to be going all in on AI-driven data centers, with a $150 billion investment to retain its cloud computing edge over competitors like Microsoft and Google. The biggest headline grabbing element of the giant investment is that one of the largest nuclear power plants in the USA will directly power new Amazon Web Services (AWS) data center. As of the announcement, Amazon’s cloud computing subsidiary was being used by upwards of 1.45 million businesses, according to an internal report.
“We’re expanding capacity quite significantly,” said Kevin Miller, a vice president at AWS. “I think that just gives us the ability to get closer to customers.”
The announcement came within a couple weeks of an announcement by Amazon it would be extending its collaboration between AWS and NVIDIA to advance Generative AI innovation. Included in the extension, the duo plan to integrate Elastic Fabric Adapter (EFA) for petabit-scale networking and Amazon Elastic Compute Cloud (Amazon EC2) UltraCluster for hyper-scale clustering.
“The deep collaboration between our two organizations goes back more than 13 years, when together we launched the world’s first GPU cloud instance on AWS, and today we offer the widest range of NVIDIA GPU solutions for customers,” said Adam Selipsky, CEO at AWS. “Together, we continue to innovate to make AWS the best place to run NVIDIA GPUs in the cloud.”
Source: https://equity-insider.com/unlocking-the-trillion-dollar-ai-market-what-investors-need-to-know/
DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. Equity Insider is a wholly-owned subsidiary of Market IQ Media Group, Inc. (“MIQ”). MIQ has been paid a fee for Avant Technologies Inc. advertising and digital media from the company directly. There may be 3rd parties who may have shares Avant Technologies Inc., and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ own shares of Avant Technologies Inc. which were purchased as a part of a private placement. MIQ reserves the right to buy and sell, and will buy and sell shares of Avant Technologies Inc. at any time thereafter without any further notice. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material disseminated by MIQ has been approved by the above mentioned company; this is a paid advertisement, and we own shares of the mentioned company that we will sell, and we also reserve the right to buy shares of the company in the open market, or through further private placements and/or investment vehicles. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.
[email protected]
View original content:https://www.prnewswire.co.uk/news-releases/the-silent-revolution-in-data-centers-driven-by-artificial-intelligence-302118484.html
-
Artificial Intelligence7 days agoAutomation Anywhere Brings Gemini Model-Powered Process Automation to Hundreds of Enterprises on Google Cloud to Support Business Transformation
-
Uncategorized5 days agoArm CEO Rene Haas will be delivering a Partner’s Event Speech at COMPUTEX 2024
-
Artificial Intelligence4 days agoIn-Depth Analysis of Germany and France Data Center Markets: Germany Poised to Contribute Over $12.24 Billion Opportunities in the Next 6 Years – Arizton
-
Uncategorized5 days ago
BJEI: A New Record of High Performance in 2023 and a New Pattern of Diversified and Coordinated Development
-
Uncategorized5 days ago
Dimethyl Carbonate Market worth $1.9 billion by 2028 – Exclusive Report by MarketsandMarkets™
-
Uncategorized4 days ago
Integrity Food Marketing Joins Forces with CA Ferolie to Expand East Coast Reach from Maine to Florida
-
Artificial Intelligence4 days agoaelf Leads the Fusion of AI and Blockchain to Shape the Future of Technology
-
Artificial Intelligence4 days ago
CogX Festival Set to Debut in Los Angeles at Century Plaza on May 7th, 2024
