Artificial Intelligence
Tourism Industry Big Data Analytics Reshape the Future of Travel with an Estimated Market Revenue of US$ 486.6 Billion by 2033 | Future Market Insights, Inc.
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The tourism industry is undergoing a revolution driven by big data analytics. Smart tourism is rising as businesses use data to create personalized travel experiences. This trend is expected to continue in the coming years, with the global tourism industry big data analytics market projected to grow at a CAGR of 8% from 2023 to 2033
NEWARK, Del., Oct. 24, 2023 /PRNewswire/ — According to Future Market Insight, the global tourism industry’s big data analytics market is likely to reach US$ 486.6 billion by 2033, registering a CAGR of 8%. This is a substantial upsurge from its projected worth of US$ 225.4 billion in 2023.
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The market has experienced significant growth and relevance. This development can be attributed to the tourist industry’s growing use of big data analytics. In the fiercely competitive tourism landscape, companies that can harness the power of big data have an advantage. They can identify trends, predict customer needs, and stay ahead of the competition. Big data analytics confers a competitive advantage by enabling businesses to make informed decisions promptly.
The rising demand for personalized and enhanced customer experiences is a key factor driving market growth. Travelers are becoming more discerning and seeking tailored services. Tourism businesses leverage big data analytics to understand customer preferences, behaviors, and expectations. By analyzing large volumes of customer data, businesses can customize their offerings. They can also provide personalized recommendations and deliver exceptional experiences. The demand for personalized services has fueled the adoption of big data analytics solutions in the tourism industry.
Big data analytics plays a pivotal role in destination management. It empowers authorities to make data-driven decisions. These decisions are regarding infrastructure development, crowd management, and tourism planning. Data on visitor flows, preferences, and behavioral patterns are utilized. They are used to design sustainable tourism strategies. Additionally, data helps allocate resources effectively. It also aids in mitigating negative impacts on local communities and the environment.
The tourism industry faces dynamic market conditions, changing trends, evolving customer preferences, and fluctuating demand patterns. Big data analytics enables businesses to analyze vast amounts of data. The data come from various sources like social media, online reviews, booking platforms, and customer feedback. The analysis helps identify emerging trends and make data-driven decisions. Analyzing real-time data and gaining insights into market trends and customer demands has become crucial. It is essential for staying competitive in the tourism industry.
Big data analytics lets tourism companies gain insights into customer behavior and preferences. These insights help them target marketing and advertising efforts more effectively. Companies can identify relevant channels, messages, and offers by analyzing customer data. They can do this for different customer segments. This analysis improves the return on marketing investments. It also helps drive customer acquisition.
Integrating artificial intelligence and machine learning technologies with big data analytics has propelled market growth. AI and ML algorithms automate the analysis of large datasets. They also uncover hidden patterns and correlations. These technologies enhance the accuracy and efficiency of decision-making processes. The tourism industry recognizes these technologies’ value and potential to drive growth. Consequently, there has been an increased adoption of big data analytics solutions.
Data storage, processing capabilities, and cloud computing infrastructure advancements support the tourism industry’s big data analytics market. Advancements in data storage and processing capabilities have made it easier for tourism businesses to handle large volumes of data. Cloud computing plays a crucial role in the accessibility of big data analytics. It allows businesses to access powerful analytical tools and platforms. As a result, big data analytics has become more accessible to a wider range of companies in the tourism industry.
As the market continues to grow, numerous companies specializing in the tourism industry big data analytics have emerged. These companies offer a range of solutions, including data management, data integration, predictive analytics, and visualization tools tailored to the specific needs of the tourism industry. They aim to assist businesses in extracting actionable insights from their data. They also help optimize operations and improve overall performance.
Key Takeaways from the Tourism Industry Big Data Analytics Market
The tourism industry big data analytics industry in the United Kingdom is anticipated to rise sizably, exhibiting a CAGR of 4.7% through 2033.The United States held a 4% share of the global tourism big data analytics industry in 2022.With a CAGR of 5.1% over the forecast period, India is predicted to develop rapidly in the tourism industry big data analytics industry.In 2022, Japan had a 4.8% share of the tourism industry big data analytics industry globally.The tourism industry big data analytics industry in China is expected to flourish speedily, registering a CAGR of 6% over the forecast period.Germany accounted for 5% of the global tourism industry big data analytics industry in 2022.”Big data analytics in the tourism industry is shaping the future of travel,” says Sneha Varghese (Senior Consultant, Consumer Products & Goods). “By harnessing vast data sets, this technology drives personalization, decision-making, and marketing strategies, revolutionizing the way travelers explore and experience the world.”
Tourism Industry Big Data Analytics Market Overview 2023 – 2033
Attribute
Details
Historical Value (2022)
US$ 220 billion
Current Year Value (2023)
US$ 225.4 billion
Expected Forecast Value (2033)
US$ 486.6 billion
Historical CAGR (2018 to 2022)
6.50 %
Projected CAGR (2023 to 2033)
8 %
Competitive Landscape in the Tourism Industry Big Data Analytics Market
Key players extensively utilize big data analytics to extract actionable insights from the massive volume of industry-generated data. These players employ advanced analytics tools and technologies to understand customer behavior, enhance marketing strategies, optimize operations, and improve overall customer experiences. By leveraging the power of data analytics, they aim to make data-driven decisions, identify trends and patterns, and drive innovation in the tourism sector.
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Recent Developments by Key Players
In September 2022, Zartico secured $20 million in Series A funding. The funding aims to bring data analytics and Version 3.0 to the tourism industry. Zartico uses data intelligence, analytics, and visualizations. They help destination tourism organizations make data-driven decisions. Arthur Ventures led the funding round.
In December 2020, Google launched the ‘Travel Insights’ tool. Its purpose is to assist individuals in the travel and tourism sector. The tool helps them understand travel demand and make informed decisions. Google utilizes big data to determine the top sources of demand for travel destinations worldwide.
Comprehensive Research Methodology of Tourism Industry Big Data Analytics Market Available here!
About the Author:
Sneha Varghese (Senior Consultant, Consumer Products & Goods) has 6+ years of experience in the market research and consulting industry. She has worked on 200+ research assignments pertaining to Consumer Retail Goods.
Her work is primarily focused on facilitating strategic decisions, planning and managing cross-functional business operations, technology projects, and driving successful implementations. She has helped create insightful, relevant analysis of Food & Beverage market reports and studies that include consumer market, retail, and manufacturer research perspective. She has also been involved in several bulletins in food magazines and journals.
Explore FMI’s Extensive Coverage in the Travel and Tourism Domain:
The cruise tourism industry was valued at US$5.3 billion in 2022, and it is expected to reach a market value of US$17.8 billion by 2033, with a projected growth rate of 12.1% from 2023 to 2033.Tourism Market: It is one of the world’s largest and fastest-growing industries, rapidly digitizing to meet the needs of millennial tourists. To stay afloat, stakeholders must adapt to the changing market dynamics by gauging customer behavior and preferences.The outbound tourism landscape in Japan is poised to grow at a remarkable CAGR of 27.1% during the projected period. The ecosystem value is expected to surge from US$5,271.0 million in 2023 to US$57,856.2 million by 2033.The global music tourism market is projected to reach US$14 billion by 2033, marking significant growth from its value of US$5.91 billion in 2023. This industry is expected to progress at a CAGR of 9% from 2023 to 2033.The India faith-based tourism market is estimated to be valued at US$1,025.57 million in 2023, with a projected CAGR of 16.2% from 2023 to 2033. The Indian faith-based tourism market holds a market share of approximately 6%-11% within its parent market.About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai and has delivery centers in the United Kingdom, the United States, and India. FMI’s latest market research reports and industry analysis helps businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition.
Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
Contact UsNandini Singh SawlaniFuture Market Insights Inc.Christiana Corporate, 200 Continental Drive,Suite 401, Newark, Delaware – 19713, USAT: +1-845-579-5705For Sales Enquiries: [email protected]: https://www.futuremarketinsights.comLinkedIn| Twitter| Blogs | YouTube
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Artificial Intelligence
HONOR Redefines Mobile AI Solutions with PC powered by Snapdragon, on-device AI Agent and AI Deepfake Detection at IFA 2024
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HONOR, Qualcomm, and Microsoft Redefine Innovations in Mobile AI
BERLIN, Sept. 7, 2024 /PRNewswire/ — Today at IFA 2024, HONOR unveiled three groundbreaking mobile AI Solutions: AI PC powered by Snapdragon® X Elite platforms, AI Agent and AI Deepfake Detection. The launch was accompanied by a thought-provoking panel discussion featuring HONOR CEO George Zhao; Alex Katouzian, Group GM of MCX at Qualcomm Technologies, Inc.; and Mark Linton, VP of Device Partner Sales at Microsoft. Together, they explored the convergence of AI and Snapdragon technology, discussing how these innovations are shaping the future of mobile AI.
“When it comes to mobile computing, AI is not just a buzzword, it’s a revolution,” commented George Zhao, CEO of HONOR Device Co., Ltd. “At HONOR, we’re committed to working with our partners to deliver powerful AI capabilities and seamless connectivity, while protecting our users’ privacy. Through open collaboration with industry leaders, we’re creating devices that empower individuals and redefine what’s possible.”
“At Qualcomm Technologies, we believe the NPU is the key to unlocking the true potential of AI in PCs,” added Alex Katouzian, Group GM of MCX, Qualcomm Technologies, Inc. “The Snapdragon X Elite with its industry-leading NPU performance empowers AI PCs like the HONOR MagicBook Art 14 to deliver next-generation AI experiences. Not only will users see a significant boost in capabilities, but the NPU’s efficiency also translates to longer battery life, allowing users to stay productive for extended periods.”
HONOR MagicBook Art 14 Snapdragon: Redefining PC in the Mobile AI EraThe PC landscape is undergoing a radical transformation, driven by advancements in AI and the rise of Snapdragon platforms. Fueled by HONOR’s platform-level AI capabilities and developed in collaboration with top industry leaders, HONOR MagicBook Art 14 Snapdragon heralds a new era of computing.
Featuring a sleek and compact design, the HONOR MagicBook Art 14 Snapdragon is a marvel of lightweight engineering. It incorporates cutting-edge platform-level AI features alongside robust hardware and software solutions, ensuring unmatched productivity and user experience. It translates the lightweight and slim characteristics of smartphones to laptops, delivering the lightest and slimmest AI PC on the market, weighing approximately 1kg with a slimness of 1cm. Delivering an immersive visual journey, the HONOR MagicBook Art 14 Snapdragon features a captivating 14.6-inch HONOR FullView Touch Display boasting a crystal-clear 3.1K resolution. It also includes an outstanding 97% screen-to-body ratio, the largest among 14-inch laptops. The HONOR MagicBook Art 14 Snapdragon is powered by the Qualcomm Snapdragon X Elite, elevating the computing experience to new heights in terms of power, efficiency, and security.
The HONOR MagicBook Art 14 Snapdragon also enables a smooth transition of Windows applications on X86 to the Windows on Snapdragon architecture. Based on years of research on the ecosystem, HONOR created a Hotspot Library that uses platform-level AI to identify frequently used scenarios and trigger translation optimization efficiently. HONOR has improved 16% of the average boot-up time1 with translation optimization across a diverse array of Windows applications. Currently, HONOR has optimized a total of the Top 14 applications across six major categories, including browsers, online meetings, media, office, social software and tools.
The HONOR MagicBook Art 14 Snapdragon will be soon available in German, France and Italy. For preorder, please visit HONOR online store now at www.honor.com.
Seamless AI Experiences Elevated by the Power of MagicRingIn the mobile AI era, seamless cross-OS connectivity will truly empower users to unlock AI everywhere. Unlike the manual point-to-point connections in traditional solutions, the HONOR MagicRing allows multiple devices of the same account to automatically connect with low power consumption.
The MagicRing not only connects devices but also connects services across the devices. The solution also enables users to use the same set of keyboard and mouse for multiple devices, receive calls and notifications on a device other than their smartphones, and control the smartphone’s camera on the PC. With the secure and smooth flow of services and information across devices, MagicRing makes multi-device AI experience easier. For example, as one of the typical scenarios of Windows on Snapdragon experience, Cocreator allows users to produce fantastic artwork with simple draws. Powered by MagicRing, users can seamlessly access Cocreator on their HONOR MagicPad 2, drawing AI masterpieces with their Magic-Pencil. In the Meanwhile, they can also use AI Eraser from HONOR Magic V3 on the HONOR MagicBook Art 14 Snapdragon to experience unparalleled levels of convenient mobile AI.
HONOR AI Agent: The First On-device AI Agent for the Open Ecosystem The HONOR AI Agent is a revolutionary always-on personal assistant designed to enhance and simplify users’ daily lives. By intuitively understanding users’ requests and intentions through language analysis and UI awareness technology, the AI Agent that learns from their habits and device environment can intelligently make decisions across various apps and services. This capability allows it to automate complex tasks. HONOR demonstrated how to find and cancel unwanted app subscriptions across different apps with just a few simple voice commands on their smartphones.
As we look to the future, the HONOR AI Agent is poised to become the cornerstone of mobile AI, and it is anticipated to arrive with the HONOR Magic7 Series later this year in China. This innovation not only signifies a leap in technology but also heralds a new era where AI seamlessly integrates into our daily routines, enhancing everyday productivity and efficiency.
The World’s First On-device AI Deepfake Detection TechnologyAs the technology behind deepfakes becomes more sophisticated, the potential for misuse, including identity theft and the spread of disinformation, grows significantly. HONOR’s on-device AI Deepfake Detection represents a groundbreaking solution designed to protect users from the increasingly prevalent threat of deepfakes. This innovative detection system employs advanced algorithms to meticulously analyze various elements, including pixel-level synthetic imperfections, border compositing artifacts, inter-frame continuity, consistency in face-to-ear hairstyle, and the positioning of synthetic traces. By examining these characteristics, the technology can accurately identify manipulated content, distinguishing between genuine media and deceptive alterations.
About HONOR HONOR is a leading global provider of smart devices. It is dedicated to becoming a global iconic technology brand and creating a new intelligent world for everyone through its powerful products and services. With an unwavering focus on R&D, it is committed to developing technology that empowers people around the globe to go beyond, giving them the freedom to achieve and do more. Offering a range of high-quality smartphones, tablets, laptops and wearables to suit every budget, HONOR’s portfolio of innovative, premium and reliable products enable people to become a better version of themselves.
For more information, please visit HONOR online at www.honor.com or email [email protected]
https://community.honor.com/ https://www.facebook.com/honorglobal/ https://twitter.com/Honorglobal https://www.instagram.com/honorglobal/ https://www.youtube.com/c/HonorOfficial
1Data comes from HONOR labs.
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Artificial Intelligence
TECNO Pocket Go Wins Global Product Technology Innovation Award 2024 at IFA 2024
![tecno-pocket-go-wins-global-product-technology-innovation-award-2024-at-ifa-2024](https://roboticulized.com/wp-content/uploads/2024/09/153023-tecno-pocket-go-wins-global-product-technology-innovation-award-2024-at-ifa-2024.jpg)
BERLIN, Sept. 7, 2024 /PRNewswire/ — One of the largest consumer electronics exhibitions in the world, the 2024 IFA Berlin International Consumer Electronics Show, officially kicks off today in Berlin. During the event, the highly anticipated Global Product Technical Innovation Award 2024 was announced, with TECNO Pocket Go winning the prestigious AR Immersive PC Gaming Experience Innovation Gold Award. This recognition highlights the brilliance of Chinese brand on the global stage.
TECNO is dedicated to innovation from the user’s perspective, continuously developing products and applications that enhance user experience. Since 2019, TECNO has expanded its AIoT ecosystem, leveraging its mobile technology to introduce innovative smart wearables, business laptops, and other groundbreaking products, all aimed at providing users with a more intelligent TECNO ecosystem experience.
As a global innovative technology brand with operations in over 70 markets, TECNO has been committed to revolutionizing the digital experience in global emerging markets, relentlessly pushing for the perfect integration of contemporary, aesthetic design with the latest technologies. TECNO offers a wide range of AIoT products covering smart wearables, laptops, tablets and smart home products.
Guided by its brand essence of “Stop At Nothing”, TECNO is committed to unlocking the best and newest technologies for forward-looking individuals, inspiring them to never stop pursuing their best selves and their best futures.
The “Global Product Technology Innovation Award” is a grand international selection of global consumer electronics brands. Launched globally every year, it is also one of the most professional and authoritative international exchange, display and cooperation platforms in IFA in the same year to conduct comprehensive review and evaluation of the global consumer electronics industry for the whole year.
TECNO Pocket Go, redefines gaming on the go
TECNO Pocket Go creates a “new gaming paradise” in handheld PC form in AR industry. By seamlessly integrating with the Windows gaming ecosystem and utilizing advanced head tracking technology, it brings an unparalleled 6D immersive experience to users. Featuring a top-tier AMD® Ryzen™ 7 8840HS gaming processor and a laptop level cooling system by rebuilt the structure to compact size with 50% smaller size and 30% lighter weight. Just easy to carry as a smartphone.
Smaller in your palm, Master in your vision
The AR Pocket Vision features a 0.71-inch Micro-OLED screen that delivers the equivalent of a 215-inch TV experience from 6 meters away, surpassing industry standards. Gamers will enjoy a cinematic-level viewing experience, with customizable adjustments for up to 600° diopters to ensure eye comfort. It also safeguards your privacy, enabling you to play anywhere.
Dominant Flagship Gaming CPU, lead Performance Ahead
Powered by the AMD® Ryzen™ 7 8840HS gaming processor, the Pocket Go handheld offers exceptional speed and seamless multitasking with 8 cores, 16 threads, and turbo speeds up to 5.1 GHz. Its PC-level cooling system, featuring a large fan and three copper pipes, ensures optimal performance at 35W. Combined with a 50Wh replaceable battery, it guarantees long-lasting gaming sessions without interruptions.
“VisionTrack” experiences, games come alive
The Pocket Go combo delivers an immersive experience for your eyes and hands. The AR Pocket Vision features a six-axis gyroscope and AI algorithms for precise head tracking, enhancing real-time data collection during gameplay. With N’BASS® acoustic materials and a proprietary vibration algorithm, it translates in-game sounds into nuanced vibrations via handheld while the Hall Effect Joysticks and Triggers provide precise control, elevating your gaming experience with rich visual and tactile sensations.
With TECNO Pocket Go, users can enjoy a futuristic gaming experience, and seamlessly connecting to TECNO’s products in a new forms of AR experiences.
View original content:https://www.prnewswire.co.uk/news-releases/tecno-pocket-go-wins-global-product-technology-innovation-award-2024-at-ifa-2024-302241146.html
Artificial Intelligence
Experience the Future of Smart Living with Hisense at IFA 2024
![experience-the-future-of-smart-living-with-hisense-at-ifa-2024](https://roboticulized.com/wp-content/uploads/2024/09/153019-experience-the-future-of-smart-living-with-hisense-at-ifa-2024.jpg)
QINGDAO, China, Sept. 7, 2024 /PRNewswire/ — Hisense, a global leader in home appliances and consumer electronics, unveiled its innovative smart home solutions at IFA 2024. Based on the theme “The Scenario-driven Future of Tech,” Hisense showcased its latest smart home appliances and the ConnectLife app, designed to seamlessly connect appliances and real-life scenarios to redefine how users interact with their homes.
Focused on enhancing the user experience, Hisense’s booth at IFA 2024 brings to life three smart scenarios and products that aim to make the future of smart living more intuitive and accessible: Smart Laundry, Smart Kitchen and Smart Air Care.
Each experience is developed through Hisense’s scenario-driven research and development approach that prioritizes real user needs:
Smart Laundry simplifies garment care with automated adjusting and remote monitoring.Smart Kitchen streamlines cooking with connected appliances that personalize meal prep.Smart Air Care ensures a healthier living environment by intelligently adjusting air quality.To bring the smart living scenarios to life, Hisense has introduced a range of innovative products that integrate seamlessly with the ConnectLife app.
The Hisense Refrigerator PureFlat Smart Series exemplifies the premium smart kitchen experience enabled by ConnectLife. Equipped with a 21-inch TFT touchscreen, this refrigerator offers a wealth of features. The AI Recipe feature leverages food inventory tracking to suggest personalized recipes based on available ingredients and their expiration dates. Serving as a home appliance control center, the ConnectLife Hub refrigerator allows you to adjust temperature settings remotely through the ConnectLife app. Additionally, its AI Eco feature enables you to activate energy-saving mode on your device with a simple touch. With dual-tech cooling system, a My Fresh Choice compartment, and an on-door ice and water dispenser, this refrigerator delivers efficient temperature control, flexible storage options, and convenient access to cold beverages.
The Hisense Series 7i washing machines offer a superior laundry experience with a suite of smart features. The iPlay™ Intelligent Display provides a user-friendly interface, while the iJet™ three-channel spray system ensures a thorough wash. The compact iFit™ feature allows for easy integration into cabinets, optimizing space. AI-powered capabilities enhance performance with AI Super Wash, which intelligently adjusts washing parameters based on load weight, material type, water level, hardness, and turbidity. The AI Super Dry program in the Series 7i tumble dryer delivers precise drying with 3D Humidity Sensor for accurate moisture detection.
The Hisense’s Hi8 Series Oven offers a range of cooking functions, including air-frying, fast preheating, and pizza mode. Its large capacity and cool-touch doors make it easy to cook with and also clean. The VisonPlus Screen provides a user-friendly interface for exploring cooking programs and settings. Cleaning is made simple with features including Steam Clean Pro, Pyrolytic Self Clean, and Removable Door&Glass. The Hisense Hi 9 Series Oven is a premium model that offers advanced features such as AI-powered InCamera Technology for intelligent baking, Auto Door Opening & Auto Lock. Its larger TFT screen provides a user-friendly interface for exploring over 140 pre-programmed recipes and cooking settings. With ConnectLife integration, the Hi 9 delivers a convenient and efficient cooking experience.
Hisense Energy Pro X air conditioners offer efficient cooling and heating with advanced, energy-saving features. The AI Smart Airflow adjusts airflow direction based on your position and needs, ensuring optimal comfort. HI-NANO technology enhances air quality by releasing high-concentration ions to eliminate 92.6% of H1N1, 88.54% of E. coli, and 60.07% of PM2.5 in two hours. The TMS Control System intelligently adjusts temperature and humidity by analyzing various indoor conditions, providing a tailored and comfortable environment.
Beyond residential air conditioning, Hisense Hi-Therma ATW heat pump is another popular option for room heating, especially in Europe. Renowned for their outstanding performance and eco-friendly features, Hisense Hi-Therma II R290 ATW boasts an A+++ energy efficiency rating, stable operation at temperatures as low as -25°C, and maximum water outlet temperature of 65°C, with the flexibility to control up to 7 independent rooms. Moreover, the first-generation Hi-Therma Split (R32) finished the rigorous winter test conducted by Germany’s VDE and obtained the No. 001 certification in the extremely cold city of Mohe, China.
About Hisense
Hisense is a leading global home appliance and consumer electronics brand and official partner of the UEFA EURO 2024™. According to Omdia, Hisense ranked No. 2 globally for TV shipments and No. 1 in 100″ TVs in both 2023 and Q1 2024. The company has expanded quickly to operate in more than 160 countries and specializes in multi-media goods, home appliances, and intelligent IT information.
View original content:https://www.prnewswire.co.uk/news-releases/experience-the-future-of-smart-living-with-hisense-at-ifa-2024-302241143.html
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