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The global data center construction market is expected to grow at a CAGR of 6.50% from 2022 to 2028.

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New York, May 25, 2023 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Worldwide Data Center Construction Market – Investment Prospects in 9 Regions and 51 Countries” – https://www.reportlinker.com/p06458943/?utm_source=GNW

• Hyperscalers, such as Meta (Facebook), Microsoft, Amazon Web Services (AWS), and Google, also aid the market with investments. These companies expand their global presence, focusing on emerging locations across Europe and APAC.
• Aside from AWS, Google, and Microsoft, cloud operators include Alibaba Cloud, Tencent Cloud, Oracle, IBM Cloud, and OVHcloud. They are involved in the development of several cloud regions globally, which will increase data center investments.
• In 2022, the data center construction market witnessed supply chain-related challenges to support infrastructure providers. This recovered to an extent in the latter half of 2022. However, prices of raw materials have since risen, leading to higher costs for data center investors.

MARKET TRENDS & DRIVERS

• The adoption of advanced UPS batteries, such as lithium-ion, nickel-zinc, and Prussian blue sodium-ion batteries; software-defined data centers (SDDC); and artificial intelligence (AI) in power monitoring and microgrid adoption in data centers are some innovations.
• Operators assign certain liquid-cooled racks/spaces in data centers for HPC, while other spaces are cooled using traditional air-cooling methods. The liquid-cooling method enables operators to minimize their operating expenditure (OPEX) even though it may take a higher CAPEX to set up.
• Several countries are working toward the increased adoption of Big data and IoT. For instance, digital infrastructure and Big data are major pillars of Oman’s digital future under the Oman 2040 Vision. The finance & banking, oil & gas, and transportation sectors use Big data and digitalization infrastructure to support Oman’s government vision.
• Some recent innovations include adopting eco diesel, and natural gas generators, using hydrogen-based fuel cells, replacing diesel fuel with hydrotreated vegetable oil (HVO), and others.

SEGMENTATION ANALYSIS

The report includes the investment in the following areas:

Segmentation by Facility Type
• Hyperscale Data Centers
• Colocation Data Centers
• Enterprise Data Centers

Segmentation by Infrastructure
• Electrical Infrastructure
• Mechanical Infrastructure
• General Construction

Segmentation by Electrical Infrastructure
• UPS Systems
• Generators
• Transfer Switches & Switchgears
• PDUs
• Other Electrical Infrastructure

Segmentation by Mechanical Infrastructure
• Cooling Systems
• Racks
• Other Mechanical Infrastructure

Segmentation by Cooling Systems
• CRAC & CRAH Units
• Chiller Units
• Cooling Towers, Condensers, & Dry Coolers
• Economizers & Evaporative Coolers
• Other Cooling Units

Segmentation by Cooling Technique
• Air-based Cooling
• Liquid-based Cooling

Segmentation by General Construction
• Core & Shell Development
• Installation & Commissioning Services
• Building & Engineering Design
• Fire Detection & Suppression
• Physical Security
• DCIM

Segmentation by Tier Standards
• Tier I & Tier II
• Tier III
• Tier IV

VENDOR ANALYSIS
Support Infrastructure Vendors

1. ABB
2. Caterpillar
3. Cummins
4. Delta Electronics
5. Eaton
6. Legrand
7. Rolls-Royce
8. Schneider Electric
9. STULZ
10. Vertiv
11. 3M
12. Airedale
13. Alfa Laval
14. Asetek
15. Assa Abloy
16. Bloom Energy
17. Carrier
18. Condair
19. Cormant
20. Cyber Power Systems
21. Daikin Applied
22. Data Aire
23. Enlogic
24. FNT Software
25. Generac Power Systems
26. Green Revolution Cooling (GRC)
27. HITEC Power Protection
28. Honeywell
29. Johnson Controls
30. KOHLER
31. KyotoCooling
32. Mitsubishi Electric
33. Munters
34. Natron Energy
35. NetZoom
36. Nlyte Software
37. Panduit
38. Piller Power Systems
39. Rittal
40. Siemens
41. Trane
42. Tripp Lite
43. Yanmar (HIMOINSA)
44. ZincFive

Data Center Contractors

1. AECOM
2. Arup
3. Corgan
4. DPR Construction
5. Fortis Construction
6. Holder Construction
7. Jacobs
8. Mercury
9. Red Engineering
10. Rogers-O’Brien Construction
11. Syska Hennessy Group
12. Turner Construction
13. Turner & Townsend
14. AlfaTech
15. Atkins
16. Aurecon
17. Basler & Hofmann
18. BlueScope Construction
19. Brasfield & Gorrie
20. CallisonRTKL
21. Cap Ingelec
22. Clark Construction Group
23. Climatec
24. Clune Construction
25. COWI
26. DC PRO Engineering
27. Dornan
28. Edarat Group
29. EMCOR Group
30. EYP MCF
31. Gensler
32. Fluor Corporation
33. Gilbane Building Company
34. HDR
35. HITT Contracting
36. Hoffman Construction
37. ISG
38. JE Dunn Construction
39. Kirby Group Engineering
40. kW Engineering
41. kW Mission Critical Engineering
42. Laing O’Rourke
43. Linesight
44. M+W Group (Exyte)
45. McLaren Construction Group
46. Morrison Hershfield
47. Mortenson
48. PM Group
49. Quark
50. Rosendin
51. Royal HaskoningDHV
52. Salute Mission Critical
53. Sheehan Nagle Hartray Architects
54. Skanska
55. Southland Industries
56. Sturgeon Electric Company
57. Structure Tone
58. Sweco
59. The Mulhern Group
60. The Walsh Group
61. The Weitz Company
62. TRINITY Group Construction

Data Center Operators

1. 21Vianet Group (VNET)
2. Amazon Web Services (AWS)
3. Apple
4. China Telecom
5. Colt Data Centre Services (Colt DCS)
6. Compass Datacenters
7. CyrusOne
8. Digital Realty
9. EdgeConneX (EQT Infrastructure)
10. Equinix
11. GDS Services
12. Global Switch
13. Google
14. Iron Mountain
15. Meta (Facebook)
16. Microsoft
17. NTT Global Data Centers
18. QTS Realty Trust
19. STACK Infrastructure
20. ST Telemedia Global Data Centres
21. Vantage Data Centers
22. 3data
23. Africa Data Centres
24. AirTrunk
25. Aligned
26. American Tower
27. AQ Compute
28. Aruba
29. AtlasEdge
30. atNorth
31. AT TOKYO
32. BDx (Big Data Exchange)
33. Bulk Infrastructure
34. Bridge Data Centres
35. CDC Data Centres
36. Chayora
37. China Mobile
38. Chindata
39. CloudHQ
40. Cologix
41. COPT Data Center Solutions
42. CtrlS Datacenters
43. Cyxtera Technologies
44. Data4
45. DataBank
46. DC BLOX
47. Element Critical
48. ePLDT
49. eStruxture Data Centers
50. fifteenfortyseven Critical Systems Realty (1547
51. Flexential
52. Green Mountain
53. H5 Data Centers
54. HostDime
55. KDDI (Telehouse)
56. Keppel Data Centres
57. LG Uplus
58. maincubes one
59. MainOne (Equinix)
60. Milicom (Tigo)
61. NEXTDC
62. ODATA
63. Orange Business Services
64. Prime Data Centers
65. Princeton Digital Group (PDG)
66. Proximity Data Centres
67. Raxio Group
68. Rostelecom Data Centers
69. Sabey Data Centers
70. Scala Data Centers
71. Sify Technologies
72. Skybox Datacenters
73. Stream Data Centers
74. SUNeVision (iAdvantage)
75. Switch
76. T5 Data Centers
77. Tenglong Holdings Group
78. Teraco (Digital Realty)
79. TierPoint
80. Turkcell
81. Urbacon Data Centre Solutions
82. Wingu
83. Yondr
84. Yotta Infrastructure (Hiranandani Group)

New Entrants

1. AdaniConneX
2. AUBix
3. Cloudoon
4. ClusterPower
5. Corscale Data Centers
6. Damac Data Centres (EDGNEX)
7. Data Center First
8. DHAmericas
9. Edge Centres
10. Evolution Data Centres
11. Global Technical Realty
12. Hickory
13. iMCritical
14. Infinity
15. Kasi Cloud
16. MettaDC
17. Open Access Data Centres (OADC)
18. PowerHouse Data Centers
19. Pure Data Centres Group
20. Quantum Loophole
21. Quantum Switch Tamasuk (QST)
22. Stratus DC Management
23. YCO Cloud
24. YTL Data Center
25. ZeroPoint DC

GEOGRAPHICAL ANALYSIS
Americas Region

• The data center construction market in the Americas is developed, with an increasing presence of local and global data center operators, especially in the US, Canada, Brazil, Mexico, Chile, and Colombia. In 2022, Argentina and Peru were some other emerging markets.

Latin America

• Brazil is the leading data center industry in Latin America, with more than 45% of investments in the region due to the growth in internet penetration and adoption of cloud-based services by businesses in the country.

European Region

• Europe’s data center construction market is one of the major and has several global and local data center operators. The Global Data Protection Regulation (GDPR), which came into effect in May 2018, positively impacted the data center industry in Europe, driving customers to shift data to cloud-based services for data localization.

Middle East & Africa (MEA) Region

• The growth in internet penetration, social media usage, and smart city initiatives drive the Middle East & Africa data center market. Telecommunication providers, enterprises, governments, cloud, and colocation service providers are major investors in developing facilities.

APAC Region

• APAC is one of the most dynamic global data center markets, with increased investments from colocation providers and hyperscale operators. The growth in the number of internet users, increased use of social media, elevated smartphone penetration, increased adoption of cloud services, and the need for enterprises to migrate from server room environments to data centers are the major drivers of the data center market APAC.

Segmentation by Geography

• North America
o The U.S.
o Canada
• Latin America
o Brazil
o Mexico
o Chile
o Colombia
o Rest of Latin America
• Western Europe
o The U.K.
o Germany
o France
o Netherlands
o Ireland
o Italy
o Spain
o Switzerland
o Belgium
o Portugal
o Other Western European Countries
• Nordics
o Denmark
o Sweden
o Norway
o Finland & Iceland
• Central & Eastern Europe
o Russia
o Poland
o Austria
o Czech Republic
o Other CEE Countries
• Middle East
o UAE
o Saudi Arabia
o Israel
o Oman
o Kuwait
o Qatar
o Bahrain
o Jordan
o Other Middle East Countries
• Africa
o South Africa
o Kenya
o Nigeria
o Egypt
o Ethiopia
o Other African Countries
• APAC
o China
o Hong Kong
o Australia
o New Zealand
o India
o Japan
o South Korea
o Taiwan
o Rest of APAC
• Southeast Asia
o Singapore
o Indonesia
o Malaysia
o Thailand
o Philippines
o Vietnam
o Other Southeast Asia Countries

KEY QUESTIONS ANSWERED:

1. How big is the data center construction market?
2. What is the growth rate of the data center construction market?
3. What is the estimated market size in terms of area in the global data center construction market by 2028?
4. What are the key trends in the data center construction industry?
5. How many MW of power capacity is expected to reach the global data center construction market by 2028?
Read the full report: https://www.reportlinker.com/p06458943/?utm_source=GNW

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

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

 
Function:
QIDI Vida uses high-tech HUD (Head-Up Display) which is similar to the technology used for aircrafts and premium cars and introduces it to the sports industry. Users can activate the HUD function at any time using voice control, enabling them to focus on the route ahead whilst simultaneously having access to information such as navigation, speed, heart rate, power and cadence, among other metrics. Another great function of the QIDI Vida is that users can also enjoy audiovisual entertainment through the optically perceived 100-inch AR  HUD screen, when having some down time. 
As cyclists and hikers often travel in groups, QIDI Vida supports eSIM and team functionality, allowing real-time voice communication without releasing handlebars, and users can monitor their groups’ real-time locations. The glasses also have comprehensive sensing and monitoring capabilities including temperature, humidity, UV, air pressure, geomagnetism and acceleration. In addition to obtaining environmental and health information, it also features health warnings such as altitude sickness symptoms and high heart rate, as well as fall and collision detection functions. And, in the event of danger, it can send distress signals to teammates.
Perks:
QIDI Vida has a global voice recognition and interaction feature that allows you to control all functions within the device by voice. To better provide users with an immersive sports experience, QIDI Vida’s intelligent system will have the capability to instantly gather personalised sports data, enabling it to deliver timely voice alerts and broadcasts, including the duration of exercise, distance, the environment and the weather – all tailored to the user’s preferences.
QIDI Vida enables voice-controlled photos and video recordings, allowing users to capture moments whilst cycling or hiking without the need to stop. QIDI Vida supports connections with common cycling smart hardware such as Garmin, Wahoo, Apple, and Samsung, supports GPX route files, and is compatible with professional sports apps such as Strava, Keep, Zwift, Apple Health, and All Trails.
QIDI Vida stands out for its lightweight and comfortable design with a dual lens for a full-colour data display, unlike competing AR glasses that typically have a single lens and limited colour. This innovation significantly enhances and augments the user’s sports and reality experience.
QIDI Vida will launch on the Kickstarter platform: https://www.kickstarter.com/projects/109560964/qidi-vida-smart-ar-glasses-for-sports
HIGH RES IMAGE: https://we.tl/t-epx2syiuaRWATCH VIDEO: https://www.youtube.com/watch?v=2v_Pli2pAM8&t=164s
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Risk Analytics Market worth $180.9 billion by 2029 – Exclusive Report by MarketsandMarkets™

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

The Risk Analytics Market is estimated to grow from USD 59.7 billion in 2024 to USD 180.9 billion in 2029, at a CAGR of 24.8% during the forecast period, according to a new report by MarketsandMarkets™.  Several trends fuel the global spread of Risk Analytics. Increasingly Increasing Data Complexity, Rising Cybersecurity Threats and Rising Adoption of Cloud-Based Solutions A growing talent pool of data scientists and engineers is building the necessary tools and infrastructure. Governments are recognizing the potential of risk analytics for economic growth and are investing in research and development. These trends make DI more accessible and valuable, leading to its global adoption.
Browse in-depth TOC on “Risk Analytics Market”260 – Tables 60 – Figures350 – Pages
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.
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By Type, GRC software is expected to hold the largest market size for the year 2024
GRC software typically offers comprehensive solutions that cover a wide range of risk management needs, including compliance management, policy management, audit management, and risk assessment. They also provide organizations with enhanced visibility into their risk landscape. Through features such as risk assessment, risk monitoring, and reporting, organizations can identify and prioritize risks more effectively, enabling proactive risk management strategies.  GRC software streamlines risk management processes through automation, reducing manual effort and increasing efficiency. Tasks such as risk assessments, control testing, and incident management can be automated, freeing up resources to focus on strategic risk mitigation efforts. the combination of comprehensive functionality, regulatory compliance support, efficiency gains, scalability, integration capabilities, and culture enhancement makes GRC software a preferred choice for many organizations seeking to manage risk effectively.
By Vertical, Healthcare & Life Sciences is projected to grow at the highest CAGR during the forecast period
The Healthcare and Lifesciences is experiencing a surge in the adoption of risk analytics due to a confluence of factors. Healthcare providers and life sciences companies wants to ensure the safety and well-being of patients. Risk analytics helps in identifying potential risks to patient safety, such as medication errors, adverse events, and medical device failures. The healthcare and life sciences industries are heavily regulated, with strict guidelines for patient care, data privacy, drug development, and clinical trials. Risk analytics helps organizations ensure compliance with these regulations by identifying and mitigating risks of non-compliance.  Healthcare organizations and life sciences companies also face financial risks associated with fraud, billing errors, revenue cycle management, and reimbursement challenges. Risk analytics helps in detecting anomalies and optimizing financial processes to mitigate these risks.
Asia Pacific is expected to grow at the highest CAGR during the forecast period
The Asia-Pacific (APAC) region is experiencing rapid growth in the Risk Analytics Market, boasting the highest Compound Annual Growth Rate (CAGR). This surge is primarily attributed to rising demand for data-driven decision-making solutions, expanding digital transformation initiatives across industries.. Moreover, the region’s favorable regulatory environment, growing investments in big data analytics, and the integration of advanced technologies like the Internet of Things (IoT) further propel APAC’s dominance in Risk Analytics Market growth.
Top Key Companies in Risk Analytics Market:
The major risk analytics software and service providers include IBM (US), SAS Institute (US), Oracle (US), FIS(US), Moody’s Analytics (US), ProcessUnity(US), ServiceNow (US), Marsh (US), Aon (UK), MetricStream (US), Resolver (Canada), SAP (Germany), Milliman(US), LogicManager(US), Provenir(US), SAI360(US), Deloitte(UK), OneTrust(US), Diligent(US), Alteryx(US), CRISIL(India), Archer(US), ZestyAI(US), Fusion Risk Management(US), RiskVille(Ireland), SPIN Analytics(UK), Kyvos Insights(US), Imperva(US), Cirium(UK), Quantexa(UK), ClickUp(US), Sprinto(US), Ventiv(US), Adenza(US), Centrl.AI(Canada), SafetyCulture(Australia), Quantifi(US), CubeLogic(UK), Onspring(US), Riskoptics(US). These companies have used both organic and inorganic growth strategies such as product launches, acquisitions, and partnerships to strengthen their position in the Risk Analytics Market.
Recent Developments:
In March 2024, Orcale announced Oracle Risk Management Cloud in Release 24B. It offers comprehensive solution designed to help organizations identify, assess, and mitigate risks across their business operations. It offers advanced analytics, automation, and collaboration tools to streamline risk management.In March 2024, FIS Global announces card fraud detection capabilities leveraging artificial intelligence (AI) with aim to bolster FIS’s ability to identify and prevent fraudulent transactions, providing greater security for cardholders and financial institutions alike.In March 2024, Aon acquired an AI-powered platform to assist fleet and mobility clients in making data-driven decisions, enhancing operational efficiency and risk management. The platform utilizes artificial intelligence to analyze data and provide insights, enabling clients to optimize their fleet operations and improve decision-making processes.In March 2024, Crisp joined Resolver, with the aim to enhance Resolver’s risk intelligence capabilities by integrating Crisp’s expertise and technology into its platform, offering clients improved risk assessment and mitigation tools.In February 2024, SAS partnered with Carahsoft to bring analytics, AI, and data management solutions to the public sector. The aim is to leverage SAS’s expertise in advanced analytics and Carahsoft’s extensive government market reach to offer tailored solutions that enable public sector organizations to harness the power of data for informed decision-making and improved outcomes.Inquire Before Buying@ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=210662258
Risk Analytics Market Advantages:
By offering insights into potential risks, opportunities, and trends, risk analytics helps organisations make data-driven decisions that improve strategic planning and resource allocation.In order to improve risk management procedures and lessen exposure to possible threats, risk analytics solutions assist businesses in identifying, evaluating, and mitigating risks across a range of business activities, including finance, operations, and compliance.Through real-time monitoring and anomaly detection made possible by risk analytics, organisations may proactively address shifting market situations, legal requirements, and cybersecurity threats.Risk analytics solutions assist organisations lower operating costs, increase productivity, and streamline compliance activities, which results in cost savings and resource optimisation. They do this by streamlining risk management procedures and automating routine work.Accurate risk assessments, audit trails, and reporting capabilities are just a few of the ways that risk analytics solutions help organisations comply with regulations and stay out of trouble.Organisations can enhance their resilience and competitiveness by anticipating and mitigating potential hazards before they materialise through the use of predictive modelling and advanced analytics approaches in risk analytics.Report Objectives
To define, describe, and predict the Risk Analytics Market by offering, risk type, risk stages, vertical, and regionTo provide detailed information about the major factors (drivers, restraints, opportunities, and challenges) influencing the market growthTo analyze the opportunities in the market and provide details of the competitive landscape for stakeholders and market leadersTo forecast the market size of segments with respect to five main regions: North America, Europe, Asia Pacific, Middle East & Africa, and Latin AmericaTo profile the key players and comprehensively analyze their market rankings and core competenciesTo analyze the competitive developments, such as partnerships, product launches, and mergers & acquisitions, in the Risk Analytics MarketBrowse Adjacent Markets: Analytics Market Research Reports & Consulting
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Procurement Analytics Market- Global Forecast to 2026
About MarketsandMarkets™
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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.
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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.
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Robotic Palletizer Market worth $1.9 billion by 2029 – Exclusive Report by MarketsandMarkets™

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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.
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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.
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