Artificial Intelligence
PC Industry Size & Share Analysis – Growth Trends & Forecasts (2023 – 2028)
New York, Aug. 09, 2023 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “PC Industry Size & Share Analysis – Growth Trends & Forecasts (2023 – 2028)” – https://www.reportlinker.com/p06484531/?utm_source=GNW
The PC Market size is expected to grow from USD 187.05 billion in 2023 to USD 289.11 billion by 2028, at a CAGR of 9.10% during the forecast period (2023-2028).
In the forecast period, robust internet penetration and the reopening of schools, colleges, and offices are expected to pull up demand for personal computers across the world.
Key Highlights
Last year was a turning point in the history of the personal computer industry, firmly cementing the PC’s position at the core of work, education, and pleasure. Given the persistent cloud of supply restrictions, the market’s outstanding double-digit growth over 2020 says a lot about how robust PC demand has been over the last 12 months. From a long-term perspective, the biggest changes in the last year were the significant growth in PC consumption rates and penetration.
With overall shipments of approximately 21.7 million PCs, Lenovo dominated the PC market in Q4 last year. It was also the largest shipper for the entire past year, reaching a record 82.1 million units, an increase of 13.1% over 2020. With Q4 shipments of 18.7 million units, HP positioned itself second, an increase of 9.5% over 2020. With 17.2 million units sold and an 8.9% phenomenal growth rate in Q4, Dell, which came in third, saw its market share rise by more than 1%.
However, consumers are primarily concerned about worsening inflation, and spending on PCs and other equipment needs to catch up with more fundamental needs due to price rises across various goods and services. Although businesses are also concerned about the risks of inflation and rising interest rates, investing in PCs and IT in general is still essential for digital transformation as part of the post-Covid recovery.
Laptops are useful, lightweight, and convenient to transport. Many individuals only buy laptops due to their smaller size, which allows them to use them for work either on a desk or anywhere else in their houses. The global demand for laptops is expected to hold much of the share in the global market.
The world’s need for tablets, laptops, and PCs rose during the COVID-19 pandemic. Social isolation and international laws governing remote employment have increased the need for networking equipment. Although the demand for personal computers has decreased as restrictions are gradually lifted and workplaces and institutions reopen, several organizations are shifting to permanent work-from-home, or hybrid, models post-COVID, thereby increasing the need for PCs across markets.
PC Market Trends
Laptop Demand Boosting the Market
Rapid digitalization encourages people to use portable devices more often, such as laptops, to enhance work and educational processes. Due to their excellent qualities, such as their slim appearance and low weight, laptops are becoming increasingly popular globally. Also, the market mainly expands on the back of business sector expansion.
The pandemic has increased demand for global online gaming platforms.Consumers are coming up with demands for high-technology, fast gaming laptops that can be easily carried anywhere. At present, laptops with high-resolution and wide displays are very popular among gamers. Gaming laptop manufacturers such as Razer, Asus, Lenovo, and others are constantly developing new models to meet changing customer demands.The increasing trend of gamers’ spending is expected to impact the market in the near future positively.
The most widely used laptop brands are Lenovo, Dell, and HP; together, they ship approximately 60% of all laptops sold globally. Since 2018, Lenovo has had the largest market share of any other company. HP is Lenovo’s strongest rival in the global laptop market. Apple’s shipments of desktop computers and laptops increased by 28% in the last year.
The North American and European regions heavily influence the global laptop market. Also, Asia-Pacific’s laptop market is expected to grow significantly during the projection period. Notably, growing government initiatives like “Make in India,””Made in China 2025,”and “Digital India”would boost laptop sales in the area.
Globally, the digital revolution is having a big influence on education. A significant change is taking place in the delivery of education and training. Students must find digital classrooms appealing. Artificial intelligence (AI), customized learning, and bring-your-own-device (BYOD) are emerging ideas that have changed how people teach, learn, and give assessments. In today’s rapidly changing educational environment, portable IT devices such as laptops are in high demand for immersive learning opportunities.
Over the past decade, laptop computing has advanced significantly, with improved power, battery life, mobility, and display quality, all contributing to a portable computer’s appeal over a desktop computer. This is reflected in the United Kingdom’s rising laptop penetration rate, which rose from 47% in 2009 to 76% last year.
North America is a Major Contributor
In the United States alone, over 80 million PCs were sold in the past year, with over 20 million machines arriving in the last quarter. The variety of PCs sold in the United States ranges from desktops and workstation stationery items to tablets, laptops, netbooks, and other portable devices. Also, the United States has shipped approximately 19.5 million desktop, laptop, and workstation devices in the first quarter of the current year.
As workers consistently returned to their workplaces, desktop shipping growth in the United States increased by 33%. Dell and HP Inc. are the market leaders in the United States PC industry, holding a combined market share of more than 50%, followed by Lenovo and Apple. There are also differences in the hardware options and the operating systems installed on the devices. Microsoft Windows, which accounts for more than half of the market share in the United States, and Apple’s macOS, which accounts for about 25%, are the two most popular computer operating systems.
As China battles with production hiccups brought on by COVID lockdowns, the worldwide PC supply chain has once again been constrained. While short-term supply may be limited, it had a less significant impact in this region than in others because the US market remains a priority for many providers.
North America is one of the global leaders in high-speed internet infrastructure. with the strong resource of a network that enables internet access, management, commercial operations, and communication. by enabling users to complete several jobs quickly and simultaneously. Improved internet infrastructure contributes to the expansion of the PC industry in this region.
With nearly 55% of the market in September this year, Apple was the most popular tablet brand in the United States. With a stake of around 20% of the American tablet market, Samsung came in second among other vendors, while other brands took third place with a share of 13.8%.
PC Industry Overview
The PC market is moderately fragmented, with four to five major players and many smaller ones present in the market. Several key market players are constantly working to bring advancements.A few prominent companies are entering into collaborations and expanding their global footprints in developing regions to consolidate their positions in the market. The major players in this market include Dell Inc., Lenovo Group Limited, Apple Inc., Asus, and Acer.
In October 2022, Lenovo recently introduced smarter technology innovations to redefine the future of the digital world. Innovations from Lenovo were introduced, including the first public display of rollable proofs of concept for smartphones and laptop computers. Rollable displays with computing built-in offer productivity, entertainment, and connection on a dynamic, changeable, and bigger screen, yet on a smaller device, solving consumer pain points and enhancing productivity in hybrid working.
In October 2022, Acer, one of the market’s leading PC manufacturers, unveiled the launch of Swift Edge, the world’s lightest 16-inch OLED laptop. The AMD-powered 16-inch OLED laptop weighs 1.17 kg. The latest model from Acer features several connectivity options and supports Microsoft Pluto.
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Artificial Intelligence
Yidu Tech’s FY2024 results: existing business achieves first full-year profit on adjusted EBITDA
HONG KONG, July 1, 2024 /PRNewswire/ — On June 27, 2024, Yidu Tech Inc. (the ”Company” or ”Yidu Tech”) (2158.HK), a leader in China’s AI medical industry, announced its results for the 2024 fiscal year. During the reporting period, the Company recorded revenue of RMB 807.1 million. Gross profit margin in FY2024 increased to 42.1% from 34.1% in FY2023, representing an increase of 8 percentage points, hitting a record high. Adjusted net loss narrowed from RMB 448.7 million in FY2023 to RMB158.1 million, down 64.8% year-on-year. The management of Yidu Tech said at the annual results conference the next day that excluding strategic investments in proprietary large language model, non-cash items, and non-operating items, the adjusted EBITDA for our current business has achieved profit, moving from a RMB 327 million loss to a profit of RMB 31.1 million for the first time this fiscal year.
Management added that as of market close on June 27, the Company’s P/B ratio has decreased to 1.06. Not including the valuation of its domestic and international businesses, its market value is still lower than its fund reserves on hand. As such, management believes that the Company’s share price is still severely undervalued. Notably, renowned sovereign fund BIA has continually increased its shareholding of Yidu Tech by 21.50% over the past two months. The management is confident in the Company’s long-term growth potential and hopes to continually create innovative technologies and increase returns to its shareholders.
In FY2024, Yidu Tech focused on its core business, improving internal operating efficiency and earning quality. Among its earnings, revenue from its big data platform and solutions segment reached RMB 313.6 million, an increase of 41.4% year-on-year. Revenue from its life science solutions segment reached RMB 324.0 million, up 28.1% year-on-year and the gross margin increased by 14.6 percentage points to a historical high of 32.1%. Revenue from its health management platform and solutions segment reached RMB 169.5 million, and the gross profit margin of this segment was 58.1%, representing a year-on-year increase of 17.4 percentage points.
During the reporting period, the Company has continued the development and training of large language model in the medical vertical field based on 500 billion fine-trained Tokens, with model training for 6B, 13B, and 70B parameters completed.
View original content:https://www.prnewswire.co.uk/news-releases/yidu-techs-fy2024-results-existing-business-achieves-first-full-year-profit-on-adjusted-ebitda-302185986.html
Artificial Intelligence
Lucinity’s AI Innovation Recognized at Microsoft’s Prestigious Global Partner Awards 2024
REYKJAVIK, Iceland, June 28, 2024 /PRNewswire/ — Lucinity has been recognized as a finalist in the AI Innovation category at the prestigious Microsoft Global Partner Awards 2024, recognizing its breakthrough AI solution and contribution to financial security through its collaboration with Microsoft.
Lucinity beat more than 4,700 companies to be named a finalist at the annual Microsoft Global Partner Awards, which highlights Lucinity’s achievements as a Microsoft partner in optimizing business processes, improving customer experiences, and opening new pathways for digital transformation.
This achievement comes in addition to winning two prestigious awards at Microsoft Partner Awards 2024 last month, including Partner of the Year – Iceland, and the Sustainability and Social Impact award.
The accolade recognizes Lucinity’s significant advancements in AI for financial crime operations, particularly through their AI-powered copilot, Luci. This innovative solution utilizes Microsoft Azure OpenAI technology to integrate advanced generative AI into financial crime investigations and regulatory compliance, optimizing processes and saving significant time and resources for financial institutions.
The Lucinity platform streamlines compliance, provides instant insights, and reduces typical investigation times from three hours to just 30 minutes. The technology can also save financial institutions an estimated $100 million in productivity savings, as well as savings in training and recruitment.
Microsoft comments on Lucinity’s award recognition, saying “Financial crime profoundly impacts our global community, with far-reaching economic, security, and social implications. It can harm a country’s reputation and increase exposure to criminal activities, emphasizing the critical need for robust anti-money laundering initiatives and persistent vigilance. Lucinity, with their innovative AI solutions, has really tried to combat this huge global challenge. They use ‘Human AI’ to enhance financial crime prevention, combining AI with human expertise for efficient, user-friendly solutions. Additionally, Lucinity has developed a tool called Luci, an AI-powered copilot that helps transform financial crime prevention from a process that took hours to one that takes minutes.”
“Being recognized as a finalist at the Microsoft Global Partner Awards is validation of our impactful collaboration with Microsoft in financial crime operations. Our partnership has been pivotal for our innovations, enabling us to use Azure OpenAI to bring tools like Luci to life and deliver impactful results for our clients,” says Guðmundur Kristjánsson, Founder & CEO of Lucinity.
Contact:Name: Celina PabloEmail: [email protected]: +354 792 4321
Logo: https://mma.prnewswire.com/media/2208676/4669079/Lucinity_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/lucinitys-ai-innovation-recognized-at-microsofts-prestigious-global-partner-awards-2024-302186091.html
Artificial Intelligence
Asia Pacific View: Foreigners Looking for the Most Practical Smart Technology at the 2024 World Intelligence Expo
BEIJING, June 28, 2024 /PRNewswire/ — Bionic robots that speak both Chinese and English can have the same skin and nails as humans? A flying car powered solely by wind can have a maximum payload of 160 kg? A smart wheelchair can control its operation with just the “mind”? Kevin and Daria, two foreign bloggers, have experienced during the World Intelligence Expo held in Tianjin how the artificial intelligence can empower people’s future lives in industries such as technology, trade, logistics and cultural tourism.
With the theme of “Intelligent Travel Empowering Future”, the Expo integrates exhibitions, experiences and events, attracting more than 550 exhibitors and institutions from all over the world, including more than 70 well-known enterprises such as Huawei, Alibaba, Baidu and Danfoss, and 57 universities and research institutions such as Peking University, Tsinghua University, Nankai University and Tianjin University. The Expo set up 10 major themes such as artificial intelligence, intelligent networked vehicles, intelligent manufacturing and robots, covering the frontier hot spots of the intelligent industry. A number of cutting-edge new technologies, new products, and new experiences from all over the world were showcased centrally, reminding people that technology will completely change the lifestyles in the future.
At the exhibition site, various intelligent robot products such as humanoid robots, bionic robots, and intelligent robot dogs interact with the audience on the spot. They are no longer fantasies in science fiction or movies, but play an important role in monitoring, rescue, cultural tourism and other fields. In the low-altitude economic exhibition area, a number of drones, flying vehicles, and aerospace technology companies collectively display advanced technology products. A low-altitude aircraft shaped like a helicopter brought by the German company Tensor can independently complete cargo transportation, takeoff and landing according to pre-set routes according to the instructions. Robotic arms incorporating technologies such as 5G, IoT, edge computing, rocker robotics, and artificial intelligence can shoot high-frame-rate video and support autofocus, achieving effects that cannot be achieved in traditional shooting modes. Viewers can also have more novel experiences with the help of smart technology.
The Expo also hosted three major events such as the Asia-Pacific Robotics World Cup Tianjin International Invitational, the World Intelligent Driving Challenge, and the International Intelligent Sports Conference. A number of technological achievements and innovative applications were demonstrated in the competitions. For exhibiting companies, this Expo is also an opportunity to further promote the transformation of enterprises to information technology and digitalization, and will also bring huge business opportunities.
Contact: Guo RanPhone: 008610-68332663Email: [email protected]
Video: https://www.youtube.com/watch?v=VjjzurfN_r0 Logo: https://mma.prnewswire.com/media/2451195/logo_Asia_Pacific_View_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/asia-pacific-view-foreigners-looking-for-the-most-practical-smart-technology-at-the-2024-world-intelligence-expo-302186046.html
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