Artificial Intelligence
Calibration Services Market worth $8.1 billion by 2030 – Exclusive Report by MarketsandMarkets™
CHICAGO, Aug. 11, 2023 /PRNewswire/ — The calibration services market is projected to grow from USD 5.7 billion in 2023 to USD 8.1 billion by 2030, registering a CAGR of 5.3% during the forecast period according to a new report by MarketsandMarkets™. Various factors, including the increasing emphasis across industries on precision, accuracy, and compliance with regulatory standards drive the growth of the calibration services market.
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Browse in-depth TOC on “Calibration Services Market”
120 – Tables60 – Figures250 – Pages
Calibration Services Market Report Scope:
Report Coverage
Details
Market Revenue in 2023
$5.7 billion
Estimated Value by 2030
$8.1 billion
Growth Rate
Poised to grow at a CAGR of 5.3%
Market Size Available for
2019–2030
Forecast Period
2023–2030
Forecast Units
Value (USD Million/Billion)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
By Proofreading, Application and Region
Geographies Covered
North America, Europe, Asia Pacific, and Rest of World
Key Market Challenge
Built-in self-calibration feature of electrical & electronic instrument
Key Market Opportunities
Advent of 5G technology and deployment of LTE and LTE-Advanced (4G) networks
Key Market Drivers
Growing demand for quality and inspection equipment in precision manufacturing
As technologies advance and instruments become more intricate, the need for maintaining precise measurements and reliable equipment grows. Calibration services address this demand by ensuring that tools and instruments operate within specified tolerances, contributing to enhanced product quality, regulatory compliance, and overall operational efficiency.
By service type, the electrical service type to hold the largest market share during the forecast period.
Due to several key factors, electrical calibration services are likely to hold the largest market share in the overall calibration service factors. Firstly, the widespread use of electrical equipment across various industries, including power generation, electronics, telecommunications, and automation, has created a substantial demand for calibration services related to electrical instruments. Secondly, as technology continues to advance, electrical equipment becomes more complex and sophisticated, necessitating precise calibration to maintain accuracy and functionality. Thirdly, stringent quality and safety standards in industries like healthcare, aerospace, and automotive drive the need for accurate electrical measurements, further boosting the demand for calibration services. Additionally, the increasing adoption of renewable energy sources and smart grid technologies requires reliable calibration to ensure these systems’ efficient integration and operation. As a result, electrical calibration services have become indispensable for industries aiming to ensure compliance, safety, and optimal performance of their electrical equipment, leading to their dominant market share.
The industrial & automation segment is likely to account for the largest market share between 2023 and 2030.
The industrial & automation segment has improved in terms of affordability, usability, applicability, and quality over the years with regular advancements in automation. The industrial & automation sector uses calibration services for different parts in the assembly line, such as electrical calibration to ensure proper electric supply to (computer numerical control) CNC machines; mechanical calibration to ensure standard vector attributes such as pressure, torque, and flow of machinery; dimensional calibration for physical attributes such as length, level, angle, and so on, of the machinery; and thermodynamic calibration services to read and calibrate temperature and humidity-sensing devices in the operating environment, even in hazardous areas. Thus, calibration services have a wide application in the industrial & automotive industry. The industrial & automation application in the calibration services market refers to the use of calibration services for instruments and equipment utilized in various industrial sectors, particularly in automated systems and processes. This includes manufacturing, automotive, aerospace, pharmaceuticals, and other industries where precise measurements and accurate performance are crucial for optimizing production processes, ensuring product quality, and maintaining compliance with industry standards. The increasing adoption of automation in these sectors drives the demand for calibration services to guarantee the accuracy and reliability of instruments and sensors used in automated machinery and control systems, ultimately enhancing operational efficiency and productivity.
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North America is likely to account second-largest market share in the global calibration services market during the forecast period.
During the forecast period, North America is expected to hold the second-largest market share in the calibration services industry. This prominence is attributed to the region’s robust industrial landscape, stringent regulatory requirements, and emphasis on quality control across diverse sectors. The continent’s advanced technological infrastructure and widespread adoption of precision manufacturing practices further contribute to its significant role in driving the calibration services market.
North America is a growing region with the presence of countries such as the US, Canada, and Mexico. The calibration services market in North America is experiencing steady growth and holds significant importance across various industries in the region. One of the primary drivers of this market is the region’s technological advancements and innovation. North America is known for its cutting-edge technologies and sophisticated measuring instruments, necessitating precise calibration to maintain accuracy and reliability. Industries such as aerospace, automotive, electronics, and healthcare heavily rely on calibration services to ensure compliance with stringent quality standards and regulations. Moreover, North America’s industrial landscape strongly emphasizes precision and accuracy, making calibration an essential aspect of operations. The region’s businesses recognize calibration’s critical role in maintaining product quality and safety. As a result, there is a growing awareness of calibration’s importance, leading to an increased adoption of calibration services.
Key Players
Keysight Technologies (US), Hexagon AB (Sweden), Rohde & Schwarz (Germany), Tektronix, Inc. (US), VIAVI Solutions Inc. (US), Omega Engineering, Inc. (US), Advantest Corporation (Japan), National Instruments Corporation (US), Anritsu (Japan), Trescal, Inc. (France), Pratt and Whitney Measurement Systems, Inc. (US), Kolb & Baumann GmbH & Co KG. (Germany), Renishaw plc. (UK), Feinmess Suhl GmbH (Germany), Octagon Precision India Pvt. Ltd. (India), TESA Brown & Sharpe (Part of Hexagon AB) (Switzerland), Mitutoyo (Japan), MSI Viking (US), Master Gage & Tool Co. (US), Tanson Instrument (India), and Micro Precision Calibration (US) are the dominant companies in the calibration services companies.
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CUJO AI is the first device intelligence and cybersecurity service provider to reach an unprecedented scale within carrier production networks.
LOS ANGELES, May 22, 2024 /PRNewswire/ — CUJO AI, the global leader in AI-driven cybersecurity and device intelligence, has reached an unprecedented scale, with over 3 billion devices identified and protected by its solutions worldwide. This significant milestone coincides with the confirmation of its collaboration with EE, one of the United Kingdom’s leading telecommunications providers.
With billions of devices connecting to the internet, the role of CUJO AI in shaping the future of digital security through device intelligence has never been more critical. By leveraging advanced AI and machine learning algorithms, CUJO AI offers network operators and service providers unparalleled insights into device behaviour, security needs, and operational health. These capabilities enable network service providers to optimize network management, enhance user experiences, and provide robust security measures that proactively protect against emerging threats.
“Crossing the 3 billion device threshold is not just a testament to our technological prowess, but also to the trust we have built with leading telecom giants around the world, including our latest engagement with EE,” said Remko Vos, CEO of CUJO AI. “This relationship reflects our shared vision to provide a secure and superior digital experience by leveraging our AI-driven solutions to protect users worldwide.”
CUJO AI has been working with EE to provide integrated cybersecurity solutions for its latest range of home routers launched last year, including support for the newly launched Smart Hub Plus.
Trusted by global telecommunications giants like Comcast, Charter Communications, TELUS, Sky Italia, Sky UK, Rogers, Cox, Shaw, and Videotron, EE CUJO AI provides actionable, real-time data insights. This translates into superior network management, heightened security, and unmatched customer satisfaction.
About CUJO AI
CUJO AI enhances the ability to understand, serve, and protect their customers with advanced cybersecurity, along with granular network and device intelligence for network service providers. Covering 3 billion connected devices, CUJO AI’s advanced AI algorithms assist clients in uncovering previously unavailable insights, thereby elevating customer experience and retention through new value propositions and superior operational services. Fully compliant with all privacy regulations, CUJO AI’s services are trusted by the largest broadband operators worldwide, including Comcast, Charter Communications, BT (EE), TELUS, Sky Italia, Sky UK, Rogers, Cox, Shaw, and Videotron. More information is available at https://cujo.com.
CONTACT: Viktorija Vilke, [email protected]
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Artificial Intelligence
EDGNEX Data Centres by DAMAC Announces a 15 MW Data Center Investment in Indonesia
JAKARTA, Indonesia, May 22, 2024 /PRNewswire/ — EDGNEX Data Centres by DAMAC, a global digital infrastructure provider and part of the DAMAC Group, has announced its investment into the Indonesian market with a state-of-the-art data center to be built in Jakarta. This announcement was made at the Indonesia Cloud & Datacenter Convention 2024 on May 16, 2024. The first phase of the construction is scheduled to be completed in the fourth quarter of 2025, marking a significant step in the company’s strategic efforts to support the dynamic digital economy and startup ecosystem in Southeast Asia’s fastest-growing country.[1]
Indonesia, as the largest economy in Southeast Asia, experienced a growth rate of 5% year-on-year from January to March 2023. Currently, Jakarta is preparing to increase its data center capacity to 1GW. To support this growth, more colocation data centers adhering to sustainable Tier III standards and offering high uptime and reliability are needed to meet the rising demand for internet usage in the region.[2]
In response to these needs, EDGNEX is providing a foundation for innovation and disrupting the data center market by delivering advanced technology to meet the increasing demand from Cloud Service Providers (CSP) and AI deployments.[3]
Hussain Sajwani, Founder and Chairman of the DAMAC Group, commented, “EDGNEX identifies and invests in present and next-generation digital hubs. The government’s robust digitalisation efforts, high internet penetration and a tech-savvy, youthful demographic, necessitate advanced infrastructure to support the burgeoning digital economy. With this announcement we are pleased to support the government’s efforts and to bring our expertise in setting new standards for data centres in Southeast Asia, catalysing further technological innovation and growth across the region.”
The new data center is strategically located in MT Haryono, Jakarta, just 3 kilometers from one of the most interconnected data center clusters – the most important internet exchange point in central Jakarta. This facility will have dual road access and excellent fiber optic connectivity, ensuring enhanced service reliability and superior performance to meet the evolving demands of customers.
Danish Nayar, SVP of Investments and Acquisitions, DAMAC Capital, added: “We are excited by the growth opportunities in Jakarta. Our new facility in downtown Jakarta will address the growing demand for Cloud Service Providers, Edge Nodes, and potential Artificial Intelligence deployments. We are also investing in a similar format across SEA and globally.”
[1]Data Center Trends Report Equinix 2023[2] Data Center Trends Report Equinix 2023 [3] Equinix: Southeast Asian Markets are Emerging as a Powerhouse for Digital Growth
About EDGNEX
EDGNEX is a global digital infrastructure company headquartered in Dubai, United Arab Emirates. It is a wholly owned subsidiary of the DAMAC Group. EDGNEX is providing a foundation for local innovation across the globe and disrupting the data centre market with new speed and agility. It proactively builds, buys, or partners to serve the next wave of demand for data centre services.
Where We Go, Others Follow. www.edgnex.com
For media inquiries, please contact:Image DynamicsNajla [email protected]+62813-2090-9717Angelina [email protected]+62812-9942-7117
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Artificial Intelligence
VisionFlow Launches Talkit: Revolutionizing language learning with a westworld-like immersive 3D world
PARIS, May 22, 2024 /PRNewswire/ — VisionFlow, an innovative AI-native startup, announces the launch of Talkit in France, a 3D world app powered by generative AI that revolutionizes spoken English learning with a personalized, engaging, and immersive experience.
From May 22 to 25, VisionFlow will showcase Talkit at VivaTechnology, demonstrating its capabilities on both smartphones and the Apple Vision Pro headset for an enhanced immersive experience. Following its initial launch, Talkit will also be available on Google Play and Apple Vision Pro in June.
Talkit differentiates itself from traditional teaching methods by offering an exceptionally adaptive approach to language learning. Users are immersed in a virtual world where they can improve their spoken English skills through real-time, tailored scenarios. With customizable avatars, users can choose from various learning themes, such as preparing for travel, practicing for interviews, and even simulating medical emergencies, all accessible from their smartphones anytime, anywhere.
VisionFlow leverages generative AI technologies to power the engaging learning experience in Talkit. It is a scenario creation loop that personalizes content, difficulty levels, and interactive experiences. This dynamic, seamless, and exclusive generation process adjusts learning points to each user’s language proficiency.
By analyzing users’ input and progress, Talkit breaks down learning goals and needs into multiple personalized scenarios and exercises, helping them truly improve their language expression and communication skills.
As users continue to interact with avatars, their conversations are continuously memorized, enabling Talkit to better understand each user over time, thereby fostering a strong sense of connection with the virtual characters.
About VisionFlow
Founded by Leo Liu in 2023, VisionFlow aims to create a 3D world for 2 billion language learners worldwide, delivering a personalized and immersive language learning experience. Leo Liu is a renowned AI educational technology entrepreneur, founder of the unicorn Knowbox, and the driving force behind the Homework Box AI learning app, which is used by over 100,000 schools and 100 million students to improve their grades. VisionFlow’s core team consists of experts from leading internet giants and top online education companies, bringing extensive expertise in AI products and technology, global growth strategies, and data-driven operations.
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