Connect with us
MARE BALTICUM Gaming & TECH Summit 2024

Artificial Intelligence

[New Report] Spatial Computing Market is estimated to be US$ 516.2 billion by 2032; Growing adoption of Digital Technologies to Fuel Market Growth – By PMI

Published

on

Covina, June 14, 2023 (GLOBE NEWSWIRE) — “According to the latest research study, the demand of Spatial Computing Market accounted for US$ 87.5 billion in 2022 and is estimated to be US$ 516.2 billion by 2032 and is anticipated to register a CAGR of 18.3%

What is Overview of Spatial Computing Market?

Spatial technology includes, hardware and software which optimize and interacts with real world environment. Spatial computing includes component such as digital twins, augmented reality, IoT (internet of things), virtual reality, ambient computing, physical controls and AI (artificial intelligence).

Wide variety of applications in various end-use industries such as, Healthcare, Public & Government Sector, Manufacturing, IT & Telecom and Education sector has given positive impact on target market growth. Growing implementation of spatial computing solutions in universities and companies has further, provided lucrative opportunities in Spatial Computing market growth.

What are Recent News in the Spatial Computing Market?

Advertisement
Stake.com
  • In October 2020, Sony Electronics Inc., launched new SR (Spatial Reality) Display a groundbreaking product which helps in enabling creators across various industries from industrial design to automotive to Visual Effects (VFX) and Computer Graphics designers and creators to bring life in 3D displays.

Report Scope:

Attribute Details
Base year for estimation 2022
Forecast period 2022 – 2032
Accounted in 2022 US$ 87.5 Billion
Estimated to be in 2032 US$ 516.2 Billion
CAGR         18.3%
Market representation Revenue in USD Billion & CAGR from 2022 to 2032
Market Segmentation By Component – Spatial Computing Devices, Services and Computing Software Solutions
By Technology – Virtual Reality, Augmented Reality and Mixed Reality
By Application – Meetings and interactions, Entertainment, Design and manufacturing, Logistics and others
By End-Use Industry – Healthcare, Public & Government Sector, Manufacturing, IT & Telecom and Education, and others
Regional scope North America – U.S., Canada
Europe – UK, Germany, Spain, France, Italy, Russia, Rest of Europe
Asia Pacific – Japan, India, China, South Korea, Australia, Rest of Asia-Pacific
Latin America – Brazil, Mexico, Argentina, Rest of Latin America
Middle East & Africa – South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa
Report coverage Revenue forecast, company share, competitive landscape, growth factors, and trends

Click Here to Get Free Sample Copy of this Report@

https://www.prophecymarketinsights.com/market_insight/Insight/request-sample/5114

What is Prophecy’s Analyst View on Spatial Computing Market?

Presence of major players and growing strategic partnerships and acquisitions by companies has fruitful the demand for Spatial Computing market growth. Technological development and involvement of huge population in gaming is further expected to fuel the demand for Spatial Computing market growth over the forecast period.

What are the key technologies driving the spatial computing market?

Advertisement
Stake.com

The spatial computing market is driven by a variety of key technologies that enable immersive and interactive experiences. Some of the prominent technologies shaping the spatial computing industry include:

  • Augmented Reality (AR): Overlays digital information onto the real world, enhancing user perception and interaction.
  • Virtual Reality (VR): Creates fully immersive digital environments, replacing the real world.
  • Mixed Reality (MR): Combines real-world and virtual elements, allowing users to interact with both.
  • 3D Depth Sensing: Enables accurate depth perception and object recognition, crucial for spatial mapping and interaction.
  • Simultaneous Localization and Mapping (SLAM): Technology that allows devices to map their surroundings in real time and track their own position within that environment.
  • Wearable Devices: Including headsets, smart glasses, and other wearables that provide visual and audio feedback, enabling hands-free spatial computing experiences.
  • Haptic Feedback: Technology that provides tactile sensations and feedback, allowing users to touch and feel virtual objects.
  • Gesture Recognition: Allows users to interact with spatial computing interfaces using hand movements, gestures, or body tracking.
  • 5G Connectivity: High-speed and low-latency networks that enable seamless streaming of spatial computing content.
  • Artificial Intelligence (AI): Powers intelligent spatial computing applications, such as object recognition, scene understanding, and natural language processing.

What are the emerging trends and innovations in spatial computing?

Emerging trends in spatial computing include advancements in spatial mapping, spatial collaboration, spatial audio, AI integration, wearable innovations, edge computing, spatial analytics, industry-specific applications, 5G connectivity, and ethical considerations. These trends drive the development of more accurate mapping, remote collaboration, immersive audio experiences, intelligent interactions, improved wearable devices, faster processing, data analysis, industry-specific solutions, enhanced connectivity, and ethical considerations related to privacy and social impact.

Which companies are the major players in the spatial computing market?

  • Apple
  • Apple
  • Sony
  • Google
  • Microsoft
  • CitrusBits
  • InfiVR
  • 4Experience
  • Magic Leap
  • Holo-Light
  • Vuzix

Download PDF Brochure:

https://www.prophecymarketinsights.com/market_insight/Insight/request-pdf/5114

What are the opportunities and challenges of Spatial Computing Market?

Advertisement
Stake.com

Opportunities and challenges exist in the spatial computing market, shaping its growth and development. Here’s an overview of the key opportunities and challenges:

Opportunities:

  • Enhanced user experiences
  • Industry-specific applications
  • Collaboration and communication
  • Data visualization and analytics
  • Market growth

Challenges:

  • Hardware limitations
  • Privacy and security concerns
  • Ethical considerations
  • Standardization and interoperability
  • Skill gap and education
  • Cost and return on investment

Conclusion:

In conclusion, the spatial computing market presents a range of opportunities and challenges. The opportunities lie in enhanced user experiences, industry-specific applications, collaboration, data visualization, and market growth. However, challenges include hardware limitations, privacy and security concerns, ethical considerations, standardization, skill gap, and cost considerations. Overcoming these challenges and capitalizing on the opportunities will be crucial for the continued growth and success of the spatial computing market.

Unlock Your Potential: Requesting Customization:
https://www.prophecymarketinsights.com/market_insight/Insight/request-customization/5114

Please Find Below Some Related Reports:

Advertisement
Stake.com

Fog Computing Market – By Component (Hardware (Servers, Switches, Routers, Gateways, and Controller) and Software (Customized Application Software and Fog Computing Platform)), By Application (Smart Energy, Building and Home Automation, Smart Manufacturing, Connected Health, Transportation and Logistics, and Security and Emergency System), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) – Trends, Analysis and Forecast till 2032

Quantum Computing Market – By Component (Hardware, Software, and Services), By Application (Simulation, Optimizing, and Sampling), By End-Use Industry (Defense Healthcare and Pharmaceuticals, Chemicals, Banking & Finance, and Energy & Power), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) – Trends, Analysis and Forecast till 2032

Edge Computing Market – By Component (Hardware, Services, Platform, and Solutions), By Application (Location Services, Analytics, Data Caching, Smart Cities, Environmental Monitoring, Optimized Local Content, Augmented Reality, Optimized Local Content, and Others), By End-User (Telecommunication & IT, Healthcare, Government & Public, Retail, Media & Entertainment, Transportation, Energy & Utilities, and Manufacturing), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Trends, Analysis, and Forecast till 2032

Blog: www.prophecyjournals.com

Follow us on:

Advertisement
Stake.com

LinkedIn | Twitter | Facebook |YouTube


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

Darwinbox named as a Customers’ Choice in the 2024 Gartner® Peer Insights™ Voice of the Customer for Cloud HCM Suites Report for Enterprises with 1,000+ Employees

Published

on

darwinbox-named-as-a-customers’-choice-in-the-2024-gartner-peer-insights™-voice-of-the-customer-for-cloud-hcm-suites-report-for-enterprises-with-1,000+-employees

DUBAI, UAE, June 17, 2024 /PRNewswire/ — Darwinbox, a global leader in cloud-based HCM solutions, today announced that it has been distinguished as a Customers’ Choice in the 2024 Gartner® Peer Insights™ Voice of the Customer for Cloud HCM Suites for 1,000+ Employee Enterprises.

The Gartner® Peer Insights™ Customers’ Choice distinction is based on feedback and ratings from end-user professionals with experience using the product or service. As of 31 January 2024, Darwinbox received an overall rating of 4.8 out of 5 stars across 141 reviews.
“We believe this distinction, for the third consecutive year, reflects our unwavering commitment to our customers and their success, as well as our dedication to excellence and innovation in the HCM space,” says Jayant Paleti, co-founder, Darwinbox.
Darwinbox has been named a Customers’ Choice for both Large Enterprise (1B – 10B USD) and Midsize Enterprise (50M – 1B USD) segments, showcasing its robust capabilities in handling large-scale operations and its widespread appeal across various business sizes. This recognition underscores the platform’s popularity, driven by its powerful configurability, intuitive design, and agility. An impressive 98% of customers rated Darwinbox 4-stars or higher, highlighting the overwhelming satisfaction with the product.
Furthermore, Darwinbox is recognized as the most customer-friendly enterprise-grade HCM solution globally. The platform distinguishes itself through its ease of implementation and integration, prompt vendor responses, and exceptional technical support, demonstrating Darwinbox’s dedication to quick service and client satisfaction. Notably, 94% of its customers have expressed their willingness to recommend Darwinbox, demonstrating its significant impact and reliability in the enterprise tech landscape.
“What I love is when we need support, the customer service is top-notch – always responsive, solution makers, and always helpful,” HR Business Partner, Media Industry
“Darwinbox has been able to cater to our needs given our diverse business structures and differences in processes,” HR Lead, Manufacturing Sector
Read more reviews
About Darwinbox:
Darwinbox is a leading SaaS-based HR technology platform, empowering organisations to automate HR processes and elevate the employee experience. Rated the highest globally among HCM players on Gartner’s customer review platform, Peer Insights, Darwinbox is trusted by 900+ global enterprises with more than 2.5 million employees spread across 116+ countries.
Photo: https://mma.prnewswire.com/media/2438686/Darwinbox_Voice_of_the_Customer.jpg

View original content:https://www.prnewswire.co.uk/news-releases/darwinbox-named-as-a-customers-choice-in-the-2024-gartner-peer-insights-voice-of-the-customer-for-cloud-hcm-suites-report-for-enterprises-with-1-000-employees-302173015.html

Continue Reading

Artificial Intelligence

Find Your Perfect Domain with GoDaddy’s Innovative AI Technology

Published

on

find-your-perfect-domain-with-godaddy’s-innovative-ai-technology

Leverage Artificial Intelligence (AI) to easily find the perfect domain name for your business
ISLAMABAD, June 17, 2024 /PRNewswire/ — As you embark on your online journey, choosing the right domain name plays a vital role in establishing your web presence. It is often one of the earliest decisions you will make as an entrepreneur or small business owner.

GoDaddy is harnessing the power of AI to help entrepreneurs and small business owners find the right domain name for their business, themselves, or their organization. GoDaddy AI Domain Search tool is designed to deliver personalized domain suggestions tailored to each user’s unique needs. Having a catchy and memorable domain name for your business helps to enhance branding and provides increased visibility for a business on the internet.
By simply entering a business description or keywords, users receive creative and unique domain name choices that can align with their brand identity and vision. GoDaddy uses generative AI to provide users with personalized and brandable domain name suggestions based on their business description, idea, product, or service.
GoDaddy AI Domain Search can simplify the process of finding the perfect domain name for a business. When a user enters information describing their business, project, or idea, including such details as business name if already chosen, location or industry, within seconds the AI tool makes suggestions by creating a list of available domain names with different variations and domain name extensions tailored to your needs.
Finding a domain name for a business idea is important as the name chosen will be reflective of your brand for many years to come. Here are some tips for finding available domain names:
Use specific keywords that describe your business, your products and services, your location, and your industry.Use keywords that people would enter when searching for your products or services.Try using variations of a word you want in your domain name to get more options.Mix up keyword combinations that can describe your business.Your aim is to create a name that is memorable, easy to pronounce, and stands out in your industry.In a world driven by AI, GoDaddy AI Domain Search tool simplifies the process of finding the perfect domain name, enabling you to effortlessly brainstorm and explore creative ideas that align with your vision. Within seconds, you can receive a selection of available domains, empowering you to bring your idea to life.
To experience the power of GoDaddy AI Domain Search visit: www.godaddy.com/en-ph/domains/domain-name-generator
About GoDaddy
GoDaddy helps millions of entrepreneurs around the world start, grow and expand their businesses. People turn to GoDaddy to name their idea, create a professional Web site, attract customers, sell their products and services, and accept online payments. GoDaddy’s easy-to-use tools help micro-entrepreneurs manage everything in one place, and its experts are available to provide 24/7 assistance. For more information about the company, visit www.GoDaddy.com.
Logo – https://mma.prnewswire.com/media/2363619/4596420/GoDaddy_Logo.jpg 

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/find-your-perfect-domain-with-godaddys-innovative-ai-technology-302173253.html

Continue Reading

Artificial Intelligence

Metz, in Partnership with AI TECH, Introduces Advanced Interactive Flat Panel to Middle East Market

Published

on

metz,-in-partnership-with-ai-tech,-introduces-advanced-interactive-flat-panel-to-middle-east-market

SHENZHEN, China, June 17, 2024 /PRNewswire/ — METZ Display, a sub-brand of SKYWORTH and a provider of innovative interactive displays for education and business. The announcement of Artificial Intelligence Technologies LLC Dubai as the authorized exclusive distributor for the UAE market as well as the Oman, Qatar, and Bahrain markets marks a significant expansion for METZ Display. By partnering with a trusted distributor like Artificial Intelligence Technologies, METZ is strategically positioning itself to deliver its full range of smart education and smart conference room applications across these regions. This move not only strengthens METZ’s presence in the Middle East but also underscores its commitment to providing innovative interactive displays tailored for both educational and business environments.

Based on the 16 years of R&D and business experience in the IFPD market from SKYWORTH, METZ Display fully inherited its technology and has introduced several interactive displays in the education and business sectors that provide a highly immersive environment and user-friendly experience since 2022, such as the all-in-one LCD.
Mr. Summer Deng METZ  Sales & Marketing Head of MEA, said: ” The IFPD market in MEA is expected to see rapid growth over the next couple of years. The partnership with Artificial Intelligence Technologies LLC, a business entity to promote AI & AV Products, Tools, and services in the United Arab Emirates & Middle East Region will take METZ Display to another new level. We are confident to further develop our quality products and service!”
METZ Display is expanding its reach into the UAE market through Artificial Intelligence Technologies LLC Dubai as its authorized distributor.
The introduction of the METZ K Pro Series, particularly the EDLA Certified collaborative display, in the MEA Region highlights their commitment to providing innovative interactive display solutions for both education and business sectors. This move could potentially enhance learning and collaboration experiences in the region.
Mr. Harold Fernandes, the Managing Director of Artificial Intelligence Technologies, seems quite enthusiastic about the partnership with METZ Display. His emphasis on the versatility of METZ’s portfolio, applicable across various sectors such as education and business, reflects a keen understanding of the market’s needs. By highlighting the engaging experiences offered by METZ Display products, he’s underlining the potential benefits for resellers and end-users alike. This partnership seems poised to bring innovative solutions to the UAE market.
About METZ Display
With Skyworth, one of the world’s largest TV companies, and Metz, one of the oldest German manufacturers, METZ Display creates high-quality educational and business applications that make state-of-the-art screen technology available to everyone by combining their strengths and 80 years of experience.
About Artificial Intelligence Technologies LLC
Artificial Intelligence Technologies LLC, Is established as a business entity to promote AI & AV Products, and complete AV Solution, Tools & Services in the United Arab Emirates & Middle East Region. Visit the website at https://ai-tech.ai/ 
Phone: +971 4299 0544Email: [email protected]: www.ai-tech.ai
Photo – https://mma.prnewswire.com/media/2439536/Skyworth_Optoelectronics_Technology.jpg

View original content:https://www.prnewswire.co.uk/news-releases/metz-in-partnership-with-ai-tech-introduces-advanced-interactive-flat-panel-to-middle-east-market-302173734.html

Continue Reading

Trending