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AnalytixInsight’s MarketWall Launches GEMINA, a Trading Platform for Banks and Brokers

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TORONTO, Feb. 26, 2021 (GLOBE NEWSWIRE) — Artificial Intelligence company, AnalytixInsight Inc. (“AnalytixInsight”, or the “Company”) (TSX-V: ALY; OTCQB: ATIXF), announces that its FinTech affiliate, MarketWall, has launched its next-generation trading platform, GEMINA, which is now available as a white label B2B product offering. MarketWall will offer GEMINA to banks and brokers and will demonstrate its proven speed-to-market and cost-saving advantages in the digital transformation of their traditional trading platforms into the era of digital, mobile-enabled, online trading.

MarketWall has proven ability in implementing GEMINA in bank-scale applications and has already successfully deployed GEMINA-based solutions for two leading European banks. GEMINA also powers MarketWall’s online financial portal, InvestoPro, which is expected to become a European online financial broker following regulatory approvals.

GEMINA is a multi-device (PC, smartphone, tablet, smart TV) trading platform that provides financial quotes, stock charts, data, research tools, and more. It is available as a white label B2B trading platform for banks and brokers to interface with their existing systems via FIX protocol. GEMINA is offered as a cloud-based service (Microsoft Azure), or as an on-premises service.

GEMINA offers an open user experience with the ability for users to customize their own unique dashboard using dynamic widgets that can be customized for position and size. Available as a native or progressive web app, GEMINA enables many features such as virtual trading, trading contests, learning academy, and more.

GEMINA allows banks and brokers to quickly advance their digital transformation to online trading for the next generation users and enables the tools desired by them. The learning academy is an educational center for investors offering on-demand courses, webinars, virtual trading tools, investor glossary, and more, to help investors increase their knowledge of stocks and bonds. The virtual trading engine allows individual traders to practice their stock market trades live on a risk-free basis. On-demand courses are enabled along with trading idea editorial content covering market trends and themes.

GEMINA offers a PSD2 module allowing the aggregation of multiple accounts in a single screen to provide the user with an aggregate view of their financial position. An open API allows connection to back-office modules to obtain customer portfolios and other related information from external HOSTs.

For more information on MarketWall visit Fintech.MarketWall.com.

CONTACT INFORMATION:
Scott Urquhart
VP Corporate Development
AnalytixInsight
Scott.Urquhart@AnalytixInsight.com

Marco Roscio Ricon
CEO
MarketWall
Marco.Roscio@MarketWall.com

ABOUT MARKETWALL S.R.L.

MarketWall is a FinTech company focused on the design and development of software solutions as part of a fully integrated ecosystem of Smart Devices – Web, Mobile, Wearables, and Smart TV. Our aim is to innovate methods to access financial markets by combining technology, data, and user experience. We work to empower market data experience and investment knowledge by developing B2B and B2B2C multidevice platforms for major players in the Financial and Technology industries. Our platforms cover 50,000 stocks and provide news, real-time quotes for EU and US markets, and other financial content.

MarketWall is 49% owned by AnalytixInsight Inc., and 33% owned by Intesa Sanpaolo.

ABOUT ANALYTIXINSIGHT INC.

AnalytixInsight Inc. is an Artificial Intelligence, machine-learning company. AnalytixInsight’s financial analytics platform CapitalCube.com algorithmically analyzes market price data and regulatory filings to create insightful actionable narratives and research on approximately 50,000 global companies and ETFs, providing high-quality financial research and content for investors, information providers, finance portals and media. AnalytixInsight also designs and implements Workforce Optimization solutions for large global enterprises. AnalytixInsight holds a 49% interest in MarketWall, a developer of FinTech solutions for financial institutions. AnalytixInsight.com

Regulatory Statements

This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, statements regarding the growth of the Company’s business operations; the impact of GEMINA on MarketWall’s business, the features and capabilities of GEMINA, the ability for MarketWall or InvestoPro to obtain regulatory approvals to become an online broker; and the Company’s future performance. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of AnalytixInsight Inc., as the case may be, to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; the Company’s technology and revenue generation; risks associated with operation in the technology sector; ability to successfully integrate new technology and employees; foreign operations risks; and other risks inherent in the technology industry. Although AnalytixInsight has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. AnalytixInsight does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE

Qutoutiao Inc. to Report Fourth Quarter 2020 Results on Thursday, March 4, 2021

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SHANGHAI, China, Feb. 26, 2021 (GLOBE NEWSWIRE) — Qutoutiao Inc. (“Qutoutiao” or the “Company”) (NASDAQ: QTT), a leading operator of mobile content platforms in China, today announced that it will report its unaudited financial results for the fourth quarter ended December 31, 2020 before US markets open on Thursday, March 4, 2021.

Qutoutiao’s management will host an earnings conference call at 7:00 AM U.S. Eastern Time on Thursday, March 4, 2021 (8:00 PM Beijing/Hong Kong time on March 4, 2021).

Please register in advance of the conference call using the link provided below. Upon registering, you will be provided with participant dial-in numbers, Direct Event passcode and unique registrant ID by email.

Preregistration Information

Participants can register for the conference call by navigating to http://apac.directeventreg.com/registration/event/5221359 at least 15 minutes prior to the scheduled call start time.

Please dial-in at least 10 minutes before the scheduled start time of the earnings call and enter the Direct Event Passcode and Registrant ID as instructed to connect to the call.

Additionally, a live and archived webcast of the conference call will be available on the Company’s investor relations website at https://ir.qutoutiao.net.

A replay of the conference call will be accessible approximately two hours after the conclusion of the call until 7:59 A.M. U.S Eastern Time on March 11, 2021, by dialing the following telephone numbers:

United States: +1-646-254-3697
International: +61-2-8199-0299
Hong Kong, China: +852-3051-2780
Mainland China: 400-632-2162
Replay Access Code: 5221359

About Qutoutiao Inc.

Qutoutiao Inc. operates innovative and fast-growing mobile content platforms in China with a mission to bring fun and value to its users. The eponymous flagship mobile application, Qutoutiao, meaning “fun headlines” in Chinese, applies artificial intelligence-based algorithms to deliver customized feeds of articles and short videos to users based on their unique profiles, interests and behaviors. Qutoutiao has attracted a large group of loyal users, many of whom are from lower-tier cities in China. They enjoy Qutoutiao’s fun and entertainment-oriented content as well as its social-based user loyalty program. Midu, first launched in May 2018 as Midu Novels and with an alternative version Midu Lite launched one year later, pioneered provision of free online literature supported by advertising. It has grown tremendously and has led the free online literature industry since inception. The Company will continue to bring more exciting products to users through innovation, and strive towards creating a leading global online content ecosystem.

For more information, please visit: https://ir.qutoutiao.net.

For investor and media inquiries, please contact:

Qutoutiao Inc.
Investor Relations
Tel: +86-21-6858-3790
E-mail: ir@qutoutiao.net 

The artificial intelligence in life sciences market was valued at USD 1,255.3 million in 2020, and it is estimated to be worth USD 3943.96 million by 2025, registering a CAGR of 21.1% during the forecast period (2021 – 2026)

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New York, Feb. 26, 2021 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Artificial Intelligence In Life Sciences Market – Growth, Trends, COVID-19 Impact, and Forecasts (2021 – 2026)” – https://www.reportlinker.com/p06028481/?utm_source=GNW

– An emerging area of artificial intelligence (AI), specifically the analysis of small systems-of-interest specific datasets, can be utilized to improve drug development and personalized medicine. According to a study published in Science Translational Medicine, Quadratic Phenotypic Optimization Platform (QPOP), an AI platform is capable of substantially improving combination therapy in bortezomib-resistant multiple myeloma, which is used to identify the best drug combinations for individual multiple myeloma patients.
– Furthermore, complex diseases, such as cancer, often require effective drug combinations to make any significant therapeutic impact. As the drugs in these combination therapies become increasingly specific to molecular targets, designing effective drug combinations, as well as choosing the right drug combination for the right patient, becomes more difficult. With the high average development costs (around USD 2 billion for a new approved treatment), low clinical trial drug success rate (below 12%), low return-on-investment (ROI) due to reduced healthcare expenditure, and focus on rare diseases, drug discovery is becoming more inefficient.
– Clinical trial research is an extensive progress, which can be reduced with the help of AI in numerous ways. One is by using advanced predictive analytics on a broad range of data to identify candidates for clinical trials for target populations more quickly. Additionally, machine learning applications can make clinical trials more efficient by facilitating tasks, such as calculating ideal sample sizes, facilitating patient recruitment, and using medical records to minimize data errors.
– Artificial Intelligence (AI) presents one of the most promising and potentially transformative opportunities for the life sciences industry. AI will be a key investment target in the coming years, with myriad organizations hoping to capitalize on its potential. The number of applications is expected to continue to increase and the investors are expected to enter the AI industry early.
– The COVID-19 outbreak would have profound and lasting impacts on the health and life sciences industry. The outbreak has caused life sciences organizations to adjust to supply chain and clinical development disruptions and financial challenges that would have previously been unthinkable. In the near term, healthcare organizations would accelerate innovation to respond to the crisis. These investments would enable healthcare organizations post-COVID-19 to rethink care delivery and financing.

Key Market Trends
Clinical Trials is Expected to Hold a Significant Market Share

– Clinical trials are one of the most data-intensive tasks in the life sciences industry. They generate vast sets of data everyday monitoring, several variables of a patient under observation. Subjecting these data sets to intelligent AI algorithms can help the researchers to screen meaningful correlation even between loosely coupled data.
– This is encouraging many pharmaceutical companies and clinical research organizations to invest in technologies, like artificial intelligence. In the current market scenario, the rapid adoption of AI is widely seen in the pharmaceutical sector, who are responsible for almost 50% of the clinical trials conducted globally every year.
– Furthermore, the increasing number of clinical trials all over the world is producing colossal amounts of data that is available in the public domain. Over the forecast period, these numbers are expected to increase by at least 11%, creating new opportunities for AI in clinical trial applications, especially in Europe and North America.
– Such rapid growth in clinical trials and public availability of data is helping and encouraging many research institutes to prefer AI over traditional software solutions so that they can obtain specific results from data available in the public domain without having the entire trial procedure. Additionally, many countries, like China, the United States, and several European countries, are making clinical trial data available in the public domain supporting the growth of AI solutions, globally.

The United States is Expected to Hold a Major Share in the Market

– The United States is the largest market for AI solutions in the life sciences market, owing to the high demand for AI solutions from almost all the life sciences applications in the United States. In addition, the significant presence of pharmaceutical companies and the global demand for US pharmaceutical exports are increasingly motivating companies to invest in R&D activities.
– According to the Pharmaceutical Research and Manufacturers of America (PhRMA), the Pharmaceutical Manufacturers Association, the pharmaceutical companies in the United States spent approximately USD 80 billion worldwide on R&D in 2018, and expenditure in the companies’ domestic market of the United States contributed an overwhelming share.
– PhRMA also revealed that, on average, most pharmaceutical companies in the country spent over 19% of their total revenues in R&D activities. Moreover, PhRMA members spent around 19.5% of their combined global revenues on R&D in 2018. This share increased to approximately 22% when only considering the sales and R&D expenditure from the domestic market of the United States.
– Many pharmaceuticals companies, such as Pfizer and Johnson & Johnson, and several clinical research organizations in the country, are increasingly spending on AI solutions, and according to ClinicalTrials.gov, it is projected that by 2024 Johnson & Johnson will have the largest research and development spending among pharmaceutical companies. Also, companies, like Pfizer, despite collaborating with several AI vendors, are investing in updating their in-house AI operations to support their ongoing several drug discovery and patient monitoring processes.

Competitive Landscape
Artificial intelligence in the life sciences market is highly competitive and consists of several major players. The market appears to be moderately concentrated. The major players with prominent shares in the market are focusing on expanding their customer base across foreign countries. These companies are leveraging strategic collaborative initiatives to increase their market share and increase their profitability. The companies operating in the market are also acquiring start-ups working on artificial intelligence in life sciences technologies to strengthen their product capabilities.

– Jun 2020 – The University of Kentucky announced a research collaboration with Atomwise, an industry leader in using artificial intelligence (AI) for small molecule discovery, to explore potential COVID-19 therapies.
– Mar 2020 – IBM Watson Health and EBSCO Information Services (EBSCO) announced a strategic collaboration aimed toward enhancing clinical decision support (CDS) and operations for healthcare providers and health systems. The companies are combining their respective solution suites DynaMed and IBM Micromedex with Watson into a single, global solution called “DynaMed and Micromedex with Watson.” The combined solution suite will be designed to bring together drug and disease content, into a single source for evidence-based insights to help inform clinical decisions.

Reasons to Purchase this report:
– The market estimate (ME) sheet in Excel format
– 3 months of analyst support
Read the full report: https://www.reportlinker.com/p06028481/?utm_source=GNW

About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need – instantly, in one place.

__________________________

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Intl: +1 339-368-6001

Worldwide Data Center Accelerator Industry to 2026 – Increasing Deployment of AI in HPC Data Centers is Driving Growth

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Dublin, Feb. 26, 2021 (GLOBE NEWSWIRE) — The “Data Center Accelerator Market – Growth, Trends, COVID-19 Impact, and Forecasts (2021 – 2026)” report has been added to ResearchAndMarkets.com’s offering.

The Global Data Center Accelerator Market was valued at USD 6.59 billion in 2020, and it is expected to reach a value of USD 14.75 billion by 2026, registering a CAGR of 14.98% over the forecast period 2021-2026.

The COVID-19 pandemic has posed additional stress on the overall economy across sectors. It has also shifted focus towards a digital economy. Alibaba Cloud, China’s top cloud computing provider, is investing billions in building next-generation data centers to support digital transformation needs in a “post-pandemic world. In April 2020, Alibaba Cloud announced that over the next three years, it would invest RMB 200 billion in core technologies and future-oriented data centers.

From scientific discoveries to artificial intelligence (AI), modern data centers are crucial to solving some of the world’s most critical challenges. These advanced data centers are transforming to increase networking bandwidth and optimize workloads like artificial intelligence. Datacenter administrators also expect the lower total cost of ownership, lower power, and new services.

Accelerators enable customers to meet these demands. They are designed to solve customer problems, high-performance, and hardware-based acceleration with excellent cost and power efficiency. For instance, the NVIDIA Volta recently accelerated its computing platform, giving these modern data centers the power to accelerate machine learning, deep learning, and high-performance computing workloads.

As businesses are increasingly applying artificial intelligence (AI) technologies to differentiate and advance their processes and offerings, enterprises are implementing machine learning applications, such as image and voice recognition, CPUs, and GPUs. They are being relied on more for faster training real-time inference. This is because these advanced processors can work for the increased network bandwidths created by the AI and ML workloads.

From machine learning inference, video transcoding, and data analytics to computational storage, electronic trading, and financial risk modeling, enterprises are actively looking for programmability, flexibility, and high throughput and low latency performance advantages to any server deployment.

The ever-increasing demands on the data center are pushing existing infrastructure to its limit, driving the need for adaptable solutions that can optimize performance across a broad range of workloads and extend the lifecycle of existing infrastructure, ultimately reducing TCO. To capture this demand and gain market recognition, players have been actively focusing on expanding their product portfolio.

The growing need for data centers and cloud resources from both the consumer service and business perspective has led to the development of large-scale public cloud data centers called hyperscale data centers. According to Cisco, hyperscale data centers are expected to increase by more than 60% by 2021, compared to 2016.

Key Market Trends

FPGA to Drive the Market Growth

  • FPGAs (Field programmable gate arrays) are pre-fabricated silicon devices that can be programmed electrically (post-manufacturing) to become almost any kind of digital system. They are an array of configurable logic blocks (CLBs) connected with programmable interconnects and can be reprogrammed to the desired application requirements after manufacturing.
  • The adoption of FPGA chips across all industries is driven by the fact that they combine the best parts of processor-based systems and application-specific integrated circuits (ASICs). In addition to this, for low-to-medium volume productions, FPGAs provide cheaper solutions and faster time to market than ASIC, which normally requires a lot of resources, in terms of time and capital, to obtain the first device.
  • FPGA in accelerators increase real-time inference throughput versus high-end CPUs, and reduce latency versus GPUs, providing significant merit when running real-time inference applications. Owing to this, FPGA is anticipated to become a significant area of investment by several players.
  • In March 2020, Xilinx, Inc. launched the SmartNIC platform delivering true convergence of network, storage and compute acceleration functions on a single device. The Alveo U25 SmartNIC is designed to bring the greater efficiency and lower TCO benefits of SmartNICs to cloud service providers, telcos, and private cloud data center operators struggling with increasing networking demands and rising costs. The U25 combines a highly optimized SmartNIC platform with a powerful and flexible FPGA-based engine that supports full programmability and turnkey accelerated applications.

North America to Hold Maximum Market Share

  • The United States currently has the highest number of data centers globally and is witnessing robust growth in terms of volume of big data and traffic due to the increase in the number of hyperscale data centers. According to Cisco Systems, the volume of big data in data center storage worldwide is expected to reach 403 exabytes by 2021, of which a considerable share will be accounted for by the US.
  • The overall GDP of the United States is over USD 18 trillion, in which the digital economy contributes over 7.1% to it. By the end of 2018, this digital economy included over 345.66 million internet users in the country. Also, the data center industry in the country is significantly growing due to the rapidly increasing IT and Telecommunication industry. According to the Cloudscene, the country consists of more than 2,400 data centers, as of September 2019.
  • In the United States, the US Army Engineering and Support Center, Huntsville Information Technology Services High-Performance Computing (HPC) program supports the HPC Modernization Program (HPCMP) of the US Department of Defense (DOD) through procurement of various HPC systems (supercomputers), with over 5 PetaFLOPS of computing capability and over 50 PetaBytes of mass storage archives.
  • The HPCMP program accelerates the development and transition of advanced defense technologies into superior war-fighting capabilities, by exploiting and strengthening the United States leadership in supercomputing, communications, and computational modeling.
  • Besides, the region also accounts for the majority of the world’s hyperscale data centers, mainly owing to the propelling HPC industry in the United States. Due to this, the majority of the supplies from Cisco, IBM, NVIDIA, Intel cater to the US demand.
  • Moreover, Canada is continuously growing and providing more data center infrastructure solutions. This is due to an increase in the demand for efficient data centers, initiatives for ecological data center solutions, and substantial growth of power density across the region.

Competitive Landscape

The data center accelerator market is fragmented, due to the presence of several global market players across the globe. Players adopt various strategies such as new product launches, expansions, acquisitions to increase their market share. Moreover, the companies operating in this market invest huge amounts in research and development, which is helping them bring about more innovations in the products offered.

  • October 2020 – Intel Corporation introduced Intel Xeon Scalable Platform to help secure sensitive workloads. It comes along with new features that include Intel Total Memory Encryption (Intel TME), Intel Platform Firmware Resilience (Intel PFR), and new cryptographic accelerators to strengthen the platform and improve the overall confidentiality and integrity of data.

Reasons to Purchase this report:

  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support

Key Topics Covered:

1 INTRODUCTION
1.1 Study Assumptions & Market Definition
1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Value Chain Analysis
4.3 Industry Attractiveness – Porter’s Five Force Analysis
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Threat of New Entrants
4.3.4 Intensity of Competitive Rivalry
4.3.5 Threat of Substitute Products
4.4 Assessment of Impact of COVID-19 on the Market

5 MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Increasing Deployment of AI in HPC Data Centers
5.1.2 Increasing Deployment of Data Center Facilities and Cloud-Based Services
5.2 Market Restraints
5.2.1 Limited AI Hardware Experts Coupled with Infrastructural Concerns

6 TECHNOLOGY SNAPSHOT
6.1 Impact of deep learning, public cloud interface, and enterprise interface on the data center accelerators

7 MARKET SEGMENTATION
7.1 By Processor Type
7.1.1 CPU (Central Processing Unit)
7.1.2 GPU (Graphics Processing Unit)
7.1.3 FPGA (Field-Programmable Gate Array)
7.1.4 ASIC (Application-specific Integrated Circuit)
7.2 By Accelerator Type**
7.2.1 High-performance Computing
7.2.2 Artificial Intelligence
7.2.3 Other Applications
7.3 Geography
7.3.1 North America
7.3.2 Europe
7.3.3 Asia Pacific
7.3.4 Latin America
7.3.5 Middle East & Africa

8 COMPETITIVE LANDSCAPE
8.1 Company Profiles
8.1.1 Intel Corporation
8.1.2 NVIDIA Corporation
8.1.3 Advanced Micro Devices Inc.
8.1.4 Achronix Semiconductor Corporation
8.1.5 Xilinx Inc.
8.1.6 NEC Corporation
8.1.7 Dell Technologies Inc.
8.1.8 IBM Corporation
8.1.9 Cisco Systems Inc.
8.1.10 Qualcomm Technologies, Inc.

9 INVESTMENT ANALYSIS

10 FUTURE OF THE MARKET

For more information about this report visit https://www.researchandmarkets.com/r/hexxis

CONTACT: ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
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Field Service Management (FSM) Market – Growth, Trends, COVID-19 Impact, and Forecasts (2021 – 2026)

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New York, Feb. 26, 2021 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Field Service Management (FSM) Market – Growth, Trends, COVID-19 Impact, and Forecasts (2021 – 2026)” – https://www.reportlinker.com/p06028486/?utm_source=GNW
4%, during the period, 2021-2026.

Field service management firms are experiencing immense pressure to effectively lead teams and ensure safety compliance with the outbreak of COVID-19, where the risks are running high. There is no space for miscommunication or distrust. According to Harvard Business Review, before the pandemic, the U.S. average for organizational trust was only 70%. Seeing as stressful situations exacerbate fear and distrust, it is even more critical at this point of time to focus on developing confidence within the organization.

In the wake of COVID-19, the previously estimated growth of FSM across end-user segments are expected to rise as the pandemic restricts the industry professionals and stakeholders to manage their fieldwork remotely. The COVID-19 pandemic has resulted in limited workers at the floor to have social distancing measures, which will further boost the adoption.

– Also, the field service management industry has been witnessing rapid growth over the last few years, buoyed by the increasing demand for time and cost-effective solutions. Several studies have revealed that there would be a shortage of field service workforce in mature markets such as the U.S. and Europe, due to the prevalent demographic conditions, which has, in turn, led to organizations placing a higher emphasis on back-end automation and use of advanced technologies to enable remote monitoring.
– Various pricing strategies are being implemented by the vendors to survive in the competitive market environment. The software vendors are adopting customer-centric pricing strategies enabled by technological advancements. Several vendors in the FSM industry are focusing on providing value-based pricing models depending on the needs of the customers and value perception. The software solution pricing is based on the differentiating characteristics of the solution and the value-added features given to the customers.
– The preference for software-as-a-service (SaaS) over the traditional on-premise software is set to increase considerably during the forecast period, aided by the growing demanding for better and faster service. With the growth of cloud computing in the field service management market, many enterprises are switching to cloud-based FSM solutions. These solutions ease the burden on the I.T. department and allow the external service providers to offer support and maintenance to their users.
– The original equipment manufacturers are adopting the industrial Internet of things (IIoT) for new services, which require a modern FSM system to manage the field service delivery leading to an increased demand for FSM solutions. Additionally, machine learning provides new sources of competitive advantage. The successful execution of this requires modern FSM solutions. There has been an increasing adoption of field service management solutions, as it improves workforce productivity and streamlines the business process without increasing the size of the field-based workforce.

Key Market Trends
Inventory Management to Hold Significant Market Share

– Inventory management is one of the most mismanaged components of the field services segment. Several factors, such as returns, component failure, and warranty issues, make it one of the most complex tasks in the field services industry. Hence, deploying inventory management solutions help the service providers to provide the right parts to customers accordingly, in a cost-effective manner.
– Since most technicians carry and manage spare parts, the policies, like BYOD, allow the technicians to monitor and update their inventory from a mobile device to simplify management. For example, General Electric’s (GE) ServiceMax FSM software even allows the technicians to track and search spare parts in their fleet to facilitate exchanges between technicians if necessary. Such practices are witnessed in the consumer electronics service industries and several B2B operations.
– In November 2019, Comarch Improved the Hospital Inventory Management by Cloud-based FSM Software for MedicAir in Italy. The company’s cloud-based Field Service Management (FSM) will ensure hospital inventory management in all the warehouses where the medical gases are stored. The staff from the hospital will be able to order equipment, which will be delivered from the warehouse to the specific unit. Additionally, the team will be able to monitor the cylinder’s location, gas level and use, and the expiry date for gas and cylinder.
– Further, the increasing development of AI has led to AI Field Management, which is a cloud-based solution that helps both small and large enterprises to manage and collaborate with field employees. It also includes a customer website portal, inventory management, time tracking, payroll reports, and job management. The increasing availability of SaaS solutions and value-added features, such as system alerts and analytics services, provided by the inventory management solutions, is expected to increase the affordability and efficiency of the inventory management solutions. This factor is increasing the adoption among large and small organizations alike.

Asia Pacific to Witness Significant Growth Rate

– Asia-Pacific is expected to dominate the regional field service management market, and it’ s rapid rate of growth is attributed as the region is being home to a large number of SMEs, which are highly involved in the development and adoption of field services and their management solutions. China is one of the largest E-Commerce markets in the world. The expansion in the sector is a significant driver for the adoption of FMS solutions. And as more and more new retail is shifting from a novel concept to the mass market sector, the need for the management of filed service will also grow.
– The field service management market has a vast scope in India, mainly due to large-scale industrialization. The country is expected to exhibit steady growth in the field service management market with enhanced geographic zones and a high client base. The growth in the number of technology users in the country further propels the growth of the field service management market. In December 2019, Field Service Management Summit was held in India which covered the topics such as technology, skills and change management strategies required to meet the increasing complexity of the field service touchpoint, future of IoT for field services management, addressing the challenges in third-party workforce management & third billing, increasing first-time fix rates to achieve higher customer satisfaction and profits, etc.
– Japanese service companies have laid a roadmap to commence specific changes with the business transformation years behind the United States. In January 2020, Accenture in Japan plans to achieve digital transformation by following the example of a parts-maker in Europe that has so far been very effective in integrating cloud applications, SaaS platforms, connected devices, and artificial intelligence (AI). By pursuing digital transformation, the parts-maker was able to connect every aspect of its field services management, such as central operations, dispatch, repair, predictive maintenance, and other activities.
– Field service management for manufacturing organizations is increasing in the region where Manufacturers in South East Asia are no exception, and also happen to be significant growth drivers for the region. It’s an exceptionally substantial sector right now for the region with China’s rising wages, tighter regulations, and trade wars leading some companies to consider moving their manufacturing to South East Asia. The companies are utilizing service management (FSM) solution that uses the predictive maintenance or IoT triggers to generate work activities and, in real-time, find the best-suited field technician to be on-site to perform the work activity.

Competitive Landscape
The market landscape of the Field Service Management (FSM) market remains quite fragmented. Various vendors of pre-packaged FSM software solutions exist, but no single FSM vendor has ever dominated the global market or any regional markets. There are several mergers, partnerships, and collaborations happening in the market among the players.

– May 2020 – FieldAware and Localz, a provider of real-time customer communications and service tracking solutions, announced a partnership to bring day-of-service connections to field service organizations. FieldAware has partnered with Localz to expand its cloud-based field service management hub offerings to build better service experiences. Localz On My Way complements and extends the functionality of the FieldAware offering to include automated customer communications, real-time service tracking, and feedback capabilities to existing workflows.

Reasons to Purchase this report:
– The market estimate (ME) sheet in Excel format
– 3 months of analyst support
Read the full report: https://www.reportlinker.com/p06028486/?utm_source=GNW

About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need – instantly, in one place.

__________________________

Clare: clare@reportlinker.com
US: (339)-368-6001
Intl: +1 339-368-6001

Synthetic Rubber Market to Reach USD 36,761.9 Million by 2027; High Demand from Automotive Industry to Propel Growth, says Fortune Business Insights™

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Pune, India, Feb. 26, 2021 (GLOBE NEWSWIRE) — The global synthetic rubber market size is expected to gain momentum from the rising inclination of people from natural rubber to artificial rubber. This information is given by Fortune Business Insights™ in an upcoming report, titled, “Synthetic Rubber Market, 2020-2027.” The report further states that the global market size was USD 30,396.8 million in 2019. It is projected to reach USD 36,761.9 million by 2027, exhibiting a CAGR of 3.2% during the forecast period. Nowadays, several companies are striving persistently to introduce innovative synthetic rubbers to cater to the high demand. In March 2019, for instance, Trinseo unveiled SPRINTANTM 918S, a new grade of Solution Styrene Butadiene Rubber (S-SBR) at the Tire Technology Expo, Germany.

COVID-19 Pandemic to Affect Growth Fueled by Closure of Assembly Plants in U.S.

As the automotive industry is the largest user of this type of rubber, it is experiencing a declining demand because of the COVID-19 pandemic. It is occurring as a result of the disruptions in supply chain networks and the temporary closure of assembly plants, especially in the U.S. We are offering authentic research reports to help you choose the best strategy for overcoming the current situation.

List of the Leading Companies Profiled in the Global Market are:

  • LANXESS (Germany)
  • Sinopec (China)
  • Goodyear Tire and Rubber Company (U.S.)
  • Indian Synthetic Rubber Private Limited (India)
  • Reliance Industries Limited. (India)
  • Trinseo (U.S.)
  • Kumho Petrochemical (South Korea)
  • TSRC Corporation (Taiwan)
  • Nizhnekamskneftekhim (Russia)
  • Apcotex Industries Limited (India)
  • JSR Corporation (Japan)
  • Other Key Players

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Report Coverage-

The report aims to analyze the market by considering contributions, prospects, and growth trends. It presents detailed profiles of every key player operating in the market to analyze their core competencies in each segment. At the same time, it ensures to aid our clients better understand the competitive developments, namely, joint ventures, acquisitions, new product developments, agreements, and expansion of production facilities.

Key Drivers & Restraints-

High Abrasion & Temperature Resistant Properties to Bolster Growth

Synthetic rubber is experiencing high demand from the automotive industry worldwide. It has excellent temperature resistance and abrasion properties that make it the best suited for numerous vehicle manufacturers. The Malaysian Rubber Council (MRC), for instance, declared that the usage of this rubber surged to 15,792 million tons in 2020 from 15,280 million tons in 2019. However, the manufacturing process of this type of rubber can be harmful for the environment. This factor may hinder the synthetic rubber market growth in the upcoming years.

Major Segments-

Industrial Rubber Goods Segment Generated a Share of 6.2% in 2019

Our analysts have divided the report into type, application, and geography. By type, it is segmented into butyl rubber, polybutadiene rubber, nitrile rubber, styrene-butadiene rubber, and others. Based on application, it is fragmented into footwear, industrial rubber goods, tire, non-tire automotive, and others. Amongst these, the industrial rubber goods segment earned 6.2% in terms of the synthetic rubber market share in 2019. This growth is attributable to the increasing demand for synthetic rubber for the manufacturing of wires & cables, gloves, industrial mats, and conveyor belts.

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Top Regional Insights-

Asia Pacific to Remain at the Forefront Stoked by Rapid Infrastructure Development

By geography, Asia Pacific procured USD 15,711.2 million in terms of revenue in 2019. The rising development of infrastructures and constant product advancements would propel growth in this region. In Europe, the expansion of the automotive industry will accelerate the demand for synthetic rubber, thereby making it the second-largest in terms of revenue. North America is anticipated to show rapid growth fueled by the flourishing electrical & electronic industry.

Competitive Landscape-

Key Players Focus on Collaboration & Product Development Strategies to Intensify Competition

The market for synthetic rubbers contains a large number of reputed manufacturers. Most of them are focusing on launching unique products for gaining high consumer bases. A few others are participating in the collaboration strategy to co-develop eco-friendly solutions.

Below is one of the latest industry developments:

October 2020: Trinseo joined hands with Tyre Recycling Solutions, a provider of recycling technology, to conduct research & development activities. Both companies will use each other’s technology expertise to aid tire manufacturers globally for developing sustainable tire formulations. They aim to reduce environmental footprint.

Browse Detailed Summary of Research Report with TOC:

https://www.fortunebusinessinsights.com/synthetic-rubber-market-102144

Detailed Table of Content:

  • Introduction
    • Research Scope
    • Market Segmentation
    • Research Methodology
    • Definitions and Assumptions
  • Executive Summary
  • Market Dynamics
    • Market Drivers
    • Market Restraints
    • Market Opportunities
  • Key Insights
    • Key Emerging Trends – For Major Countries
    • Key Developments: Capacity Expansions, Acquisitions, Partnerships, etc.
    • Latest Technological Advancement
    • Insights on Regulatory Scenario
    • Porters Five Forces Analysis
  • Qualitative Insights on Impact of COVID-19 on Global Synthetic Rubber Market
    • Supply Chain Analysis & Challenges due to Covid-19
    • Steps taken by Government / Companies to Overcome this Impact
    • Potential Challenges and Opportunities due to COVID-19 Outbreak
  • Global Synthetic Rubber Market Analysis, Insights and Forecast, 2016-2027
    • Key Findings / Summary
    • Market Size Estimates and Forecast
      • By Type (Value and Volume)
        • Styrene Butadiene Rubber
        • Nitrile Rubber
        • Polybutadiene Rubber
        • Butyl Rubber
        • Others
      • By Application (Value and Volume)
        • Tire
        • Non-tire Automotive
        • Industrial Rubber Goods
        • Footwear
        • Others
      • By Region (Value and Volume)
        • North America
        • Europe
        • Asia Pacific
        • Latin America
        • Middle East & Africa

TOC Continued…!

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Have a Look at Related Research Insights:

Styrene-Butadiene Rubber Based Adhesive market size, share & industry analysis, By Product Type (Solution Types, Emulsion Types), By Application (Tapes, Flooring Adhesives, Others), By End-Use (Industrial, Commercial) and regional forecast 2021-2028

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L market in the region is estimated to be more than USD 435 billion in 2019 and is expected to grow at a CAGR of more than 10%

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New York, Feb. 26, 2021 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Third-party Logistics (3PL) Market – Growth, Trends, COVID-19 Impact, and Forecasts (2020 – 2025)” – https://www.reportlinker.com/p06028496/?utm_source=GNW

Shippers are continuing to leverage what 3PLs offer, allowing them to optimize the supply chain, minimize costs and create value, and align expectations as a key to achieving success for both parties. The high-end technology integration by 3PLs, industry expertise and cost reduction are some of the reasons, owing to which, the outsourcing of services is increasing. This outsourcing of services clearly indicates that the demand for 3PLs is on a rise and is driving the market.

Mobile technology is revolutionizing 3PL. Many 3PL companies have already begun to use mobile devices and apps to improve agility. Devices fitted with radio frequency identification (RFID) chips are not only capable of transmitting their location, but they also have the potential to hold data about themselves, so that they can be instantly tracked and identified. Using mobile apps installed on their mobile phone, customers will be able to order, process, and track freight shipments at any time.

Key Market Trends
E-Commerce Driving the Growth of the Market

The rapid growth of e-commerce is driving the demand for 3pl services across the globe. The unrelenting growth of e-commerce is fundamentally changing the third-party logistics (3PL) landscape. With the increasing consumer expectations for on-time and accurate deliveries and in order to stay competitive, more e-commerce retailers are outsourcing mission-critical components of their distribution and fulfillment operations to 3PL partners.

Many of the e-commerce retailers are small in size and cannot afford to have in-house logistic services. Therefore, services such as supply chain management, warehousing, consolidation service, and order fulfillment are outsourced to 3PL companies. However, the major e-commerce retailers such as Amazon and Alibaba are developing their own logistics infrastructure.

Meanwhile, the growth of e-commerce and change of consumer expectation is also presenting challenges to the 3PL companies in terms of reducing the parcel delivery times, increasing efficiency, adoption of latest and advanced technologies, etc. A huge transformation is taking place in the last-mile delivery, with companies looking at alternatives, such as delivery lockers, pickup points, crowdsourced deliveries, drone deliveries, and autonomous vehicles. The evolution of technology is reshaping the entire supply chain and reinventing the parcel industry. Technology is becoming a crucial enabler in increasing efficiency and reaching consumer expectations.

Asia Pacific Leads the Global 3PL Market

Asia Pacific region is the largest 3PL market in the world and is also the fastest-growing region. The 3PL market in the region is estimated to be more than USD 435 billion in 2019 and is expected to grow at a CAGR of more than 10% during the forecast period. China leads the 3PL market in the region with more than 60% market share. Southeast Asia region is the emerging hotspot in the Asia Pacific with fast-growing economies and increasing e-commerce penetration. India is also one of the key markets which is expected to grow strongly over the forecast period.

Competitive Landscape
The market is highly competitive and fragmented with several large companies strategically forming alliances with mid-sized or small-sized companies to leverage their regional capabilities in logistics. Major regional players have been observed to venture into new regions, allowing the companies to improve their geographic reach. New competitors are entering the 3PL market with customized and industry-specific services.

Some of the major players include Agility, CEVA Logistics, DB Schenker, and DHL, among others. The 3PL players have been showing the willingness to partner with other players to reduce cost and leverage on mutual competitive advantage. Hence, the market observes a high volume of partnerships, mergers, and acquisitions. The Asia-Pacific region has a high concentration of new and emerging players. Major regional players have been observed to venture into new regions, allowing the companies to improve their geographic reach.

The global 3PL market players are also observing a shift in technology with the development of artificial intelligence, Internet of Things (IoT), and Blockchain, among others. The introduction and implementation of these new technologies have further intensified the market competition. Additionally, the technology adoption also helped reduce operational costs and improved efficiency.

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Smart Hospital Market Revenue USD 77,299.6 Million at a 21.5% CAGR by 2025 | North America Region Expected to Register a 21.1% CAGR in Global Smart Hospital Industry

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Pune, India, Feb. 26, 2021 (GLOBE NEWSWIRE) — Market Analysis
Market Research Future (MRFR) predicts the global smart hospital market to achieve USD 77,299.6 million at a 21.5% CAGR from 2018-2025 (forecast period).

The smart hospital is a hospital where technology and design are combined to improve patient care. In the healthcare sector, the smart hospital is a technological advancement aimed at delivering a wide range of services in order to achieve higher quality health care services and operational efficiency. The technologies used in smart hospitals are AI, active RFID (Radio Frequency Identification), sensors, Wi-Fi, integration platforms, mobile apps, wearables, and many more. Smart hospitals are also designed to minimize pollution and reduce their environmental impact by using eco-friendly flooring, paints, furniture, and furnishings.

The rising need for IoT is likely to fuel market growth. The Internet of Things allows the healthcare industry to incorporate monitoring and management, position tracking, laser scanning, intelligent recognition GPS, and other information sensing equipment to enhance treatment management and facilities.

Additional factors that add to smart hospital market demand include the need for affordable medical services, increased emphasis on developing healthcare solutions, government initiatives to introduce healthcare IT solutions, growing government spending on healthcare systems, increasing number of trained IT experts, and increasing awareness of the benefits of smart hospitals, such as improved disease management, reduced errors, enhanced patient experience, enhanced outcomes of treatment, and reduced cost of treatment, rising prevalence of chronic diseases, growing need for better patient care & accurate and efficient solutions. In addition, the rising need for smart hospitals, the increasing need for affordable solutions in hospitals, the increasing penetration of instruments and connected devices in hospitals, government measures to develop healthcare infrastructure, the adoption of connected appliances, increasing investment in the healthcare sector, and the need for efficient medical services are contributing to the smart hospital market size over the forecast period. However, the high cost of connected devices and systems can act as a market challenge over the forecast period. 

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COVID-19 Impact on the Global Smart Hospital Market
The rising prevalence of coronavirus cases has led to an increasing need for continuous patient monitoring using the internet of things and sensors devices for tracking patients, movements, temperatures, and items to cope with the outbreak and to provide treatment for patients that are COVID positive. Organizations are focused on the launch of new applications to develop smart hospitals with artificial intelligence that are expected to fuel smart hospitals’ market growth over the forecast period.

Smart hospitals are better at managing the pandemic compared to non-smart hospitals. Due to the use of technology, they are able to maintain better social distancing. Physicians can collect real-time data without visiting patients at their beds. These hospitals can also tell the total number of available beds compared to hospitals that do not use technology. Social distancing criteria, along with other constraints attributable to the spread of COVID-19, provide additional opportunities to smart hospitals for remote consultations, symptom tracking, and follow-ups.

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Market Segmentation
The global smart hospital market has been bifurcated based on application & type.

Based on type, the global smart hospital market has been bifurcated into general services, specialty, super-specialty

Based on application, the global smart hospital market has been bifurcated into remote medicine management, outpatient vigilance, medical assistance, medical connected imaging, and electronic health record and clinic workflow. 

Regional Analysis
By region, the global smart hospital market covers the opportunities and recent trends across Europe, North America, the Asia Pacific (APAC), Latin America, and the Middle East and Africa (MEA).

North America to lead the global market
North America will be the market leader in the forecast period. The rapid adoption of the latest technology, the introduction of advanced technologies in the healthcare sector, availability of funds, increased spending on healthcare, accessibility of advanced healthcare facilities, growing need for healthcare services such as critical care, intensive care, acute and long-term care, and the accessibility of highly developed hospitals such as multi-specialty and super-specialty hospitals are adding to the global smart hospital market share over the forecast period. In addition, the need for medical equipment such as hospital beds, medical equipment, and other types of support products, supporting government policies to deploy digital health, accessibility of infrastructure with high digital literacy, the involvement of key market players, increased knowledge of connected health care, increased penetration of smartphones and the internet, and the use of health-related apps are also accelerating market growth.

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Competitive Landscape
The smart hospital market is moderately fragmented due to the involvement of key players. These main players have implemented a range of strategies to maintain intense competition and meet increasing consumer needs, such as alliances, acquisitions, high expenditure on research and development activities, mergers, and product launches.

Prominent players profiled in the global smart hospital industry report include:

  • Allengers Groups
  • Qualcomm Life
  • Siemens Healthineers
  • Mckesson Corporation
  • Cerner Corporation
  • Adhere Tech
  • Medtronic PLC.
  • Koninklijke Philips N.V.
  • GE Healthcare
  • Honeywell Life Care Solutions

Industry News
December 2020-Fakeeh University Hospital based in Dubai Silicon Oasis is all set to welcome patients. This smart hospital has over 350 beds. The project is approximately 1 million square feet long. Each patient’s room contains tablets that allow patients to interact with their surroundings as well as with medical staff. The patient can check his/her credential with the aid of a hospital app that operates with a technology-based joint control center that provides 24/7 patient follow-up.

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Data Center Accelerator Market – Growth, Trends, COVID-19 Impact, and Forecasts (2021 – 2026)

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New York, Feb. 26, 2021 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Data Center Accelerator Market – Growth, Trends, COVID-19 Impact, and Forecasts (2021 – 2026)” – https://www.reportlinker.com/p06028499/?utm_source=GNW

The COVID-19 pandemic has posed additional stress on the overall economy across sectors. It has also shifted focus towards a digital economy. Alibaba Cloud, China’s top cloud computing provider, is investing billions in building next-generation data centers to support digital transformation needs in a “post-pandemic world. In April 2020, Alibaba Cloud announced that over the next three years, it would invest RMB 200 billion in core technologies and future-oriented data centers.

– From scientific discoveries to artificial intelligence (AI), modern data centers are crucial to solving some of the world’s most critical challenges. These advanced data centers are transforming to increase networking bandwidth and optimize workloads like artificial intelligence. Datacenter administrators also expect the lower total cost of ownership, lower power, and new services.
– Accelerators enable customers to meet these demands. They are designed to solve customer problems, high-performance, and hardware-based acceleration with excellent cost and power efficiency. For instance, the NVIDIA Volta recently accelerated its computing platform, giving these modern data centers the power to accelerate machine learning, deep learning, and high-performance computing workloads.
– As businesses are increasingly applying artificial intelligence (AI) technologies to differentiate and advance their processes and offerings, enterprises are implementing machine learning applications, such as image and voice recognition, CPUs, and GPUs. They are being relied on more for faster training real-time inference. This is because these advanced processors can work for the increased network bandwidths created by the AI and ML workloads.
– From machine learning inference, video transcoding, and data analytics to computational storage, electronic trading, and financial risk modeling, enterprises are actively looking for programmability, flexibility, and high throughput and low latency performance advantages to any server deployment.
– The ever-increasing demands on the data center are pushing existing infrastructure to its limit, driving the need for adaptable solutions that can optimize performance across a broad range of workloads and extend the lifecycle of existing infrastructure, ultimately reducing TCO. To capture this demand and gain market recognition, players have been actively focusing on expanding their product portfolio.
– The growing need for data centers and cloud resources from both the consumer service and business perspective has led to the development of large-scale public cloud data centers called hyperscale data centers. According to Cisco, hyperscale data centers are expected to increase by more than 60% by 2021, compared to 2016.

Key Market Trends
FPGA to Drive the Market Growth

– FPGAs (Field programmable gate arrays) are pre-fabricated silicon devices that can be programmed electrically (post-manufacturing) to become almost any kind of digital system. They are an array of configurable logic blocks (CLBs) connected with programmable interconnects and can be reprogrammed to the desired application requirements after manufacturing.
– The adoption of FPGA chips across all industries is driven by the fact that they combine the best parts of processor-based systems and application-specific integrated circuits (ASICs). In addition to this, for low-to-medium volume productions, FPGAs provide cheaper solutions and faster time to market than ASIC, which normally requires a lot of resources, in terms of time and capital, to obtain the first device.
– FPGA in accelerators increase real-time inference throughput versus high-end CPUs, and reduce latency versus GPUs, providing significant merit when running real-time inference applications. Owing to this, FPGA is anticipated to become a significant area of investment by several players.
– In March 2020, Xilinx, Inc. launched the SmartNIC platform delivering true convergence of network, storage and compute acceleration functions on a single device. The Alveo U25 SmartNIC is designed to bring the greater efficiency and lower TCO benefits of SmartNICs to cloud service providers, telcos, and private cloud data center operators struggling with increasing networking demands and rising costs. The U25 combines a highly optimized SmartNIC platform with a powerful and flexible FPGA-based engine that supports full programmability and turnkey accelerated applications.

North America to Hold Maximum Market Share

– The United States currently has the highest number of data centers globally and is witnessing robust growth in terms of volume of big data and traffic due to the increase in the number of hyperscale data centers. According to Cisco Systems, the volume of big data in data center storage worldwide is expected to reach 403 exabytes by 2021, of which a considerable share will be accounted for by the US.
– The overall GDP of the United States is over USD 18 trillion, in which the digital economy contributes over 7.1% to it. By the end of 2018, this digital economy included over 345.66 million internet users in the country. Also, the data center industry in the country is significantly growing due to the rapidly increasing IT and Telecommunication industry. According to the Cloudscene, the country consists of more than 2,400 data centers, as of September 2019.
– In the United States, the US Army Engineering and Support Center, Huntsville Information Technology Services High-Performance Computing (HPC) program supports the HPC Modernization Program (HPCMP) of the US Department of Defense (DOD) through procurement of various HPC systems (supercomputers), with over 5 PetaFLOPS of computing capability and over 50 PetaBytes of mass storage archives.
– The HPCMP program accelerates the development and transition of advanced defense technologies into superior war-fighting capabilities, by exploiting and strengthening the United States leadership in supercomputing, communications, and computational modeling.
– Besides, the region also accounts for the majority of the world’s hyperscale data centers, mainly owing to the propelling HPC industry in the United States. Due to this, the majority of the supplies from Cisco, IBM, NVIDIA, Intel cater to the US demand.
– Moreover, Canada is continuously growing and providing more data center infrastructure solutions. This is due to an increase in the demand for efficient data centers, initiatives for ecological data center solutions, and substantial growth of power density across the region.

Competitive Landscape
The data center accelerator market is fragmented, due to the presence of several global market players across the globe. Players adopt various strategies such as new product launches, expansions, acquisitions to increase their market share. Moreover, the companies operating in this market invest huge amounts in research and development, which is helping them bring about more innovations in the products offered.

– October 2020 – Intel Corporation introduced Intel Xeon Scalable Platform to help secure sensitive workloads. It comes along with new features that include Intel Total Memory Encryption (Intel TME), Intel Platform Firmware Resilience (Intel PFR), and new cryptographic accelerators to strengthen the platform and improve the overall confidentiality and integrity of data.

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The hyperscale data center market is expected to grow at a CAGR of 3.38% over the forecast period (2021 – 2026)

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New York, Feb. 26, 2021 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Hyperscale Datacenter Market – Growth, Trends, COVID-19 Impact, and Forecasts (2021 – 2026)” – https://www.reportlinker.com/p06028501/?utm_source=GNW

– Data in the recent past was considered as the foundation of an emerging economy. Almost all enterprises are using more data than what they did before and will probably consume even more data in the future. This rapidly increasing generation of data has to be stored and accessed from somewhere.
– This reality has driven the rise of hyperscale data centers, which are a super-sized version of the mission-critical facilities that consist of the servers powering the Internet. Increasing cloud workloads have influenced companies like Amazon Web Services, Google, Microsoft, Facebook, and Apple to invest huge sums, around USD 1 billion to USD 3 billion, in a single campus to bring out the utmost efficiency.
– The upsurge of hyperscale computing is all about businesses and their association with their data and IT operations. Companies/enterprises do not want to spend millions of dollars to build and operate a data center.
– Some of the key drivers that are directly influencing the hyperscale data center growth are cloud computing, software platforms, social media, and content delivery. Social media has evolved to be a powerful tool, with over 2.28 billion users worldwide, generating volumes of data in the form of blogs, tweets, updates, images, and videos.
– According to Cisco Systems, the global IP data traffic increased from 96,054 petabytes per month in 2016 to 150,910 petabytes per month in 2018 and is anticipated to reach 278,108 petabytes per month by 2021.
– Further, the growing volume of Big Data across the business eco-system is gaining maturity. A recent study by Accenture in May 2018 stated that 79% of enterprise executives agreed that companies that do not embrace Big Data would lose their competitive position and are expected to face extinction. Currently, 83% of enterprises pursue Big Data projects to seize a competitive edge.
– The emergence of Data-as-a-Service (DaaS) is also an indication of the increasing penetration of data across end users, an area still in the early stages of formalization, according to Oracle. Also, the number of data providers, particularly in web-sourced data, is constantly increasing, adding to the growth of the market.

Key Market Trends
Enterprises to Hold Major Share

– In recent times, workloads in large enterprises are being consolidated into larger and more efficient facilities, and it has become commonplace for hyperscale companies like Amazon Web Services, Google, Facebook, Microsoft, and Apple to invest USD 1 billion to USD 3 billion in a single campus.
– This trend is part of the larger densification of America’s IT infrastructure, which will include data centers in many new and unexpected places.
– The upsurge of hyperscale computing is all about businesses and their association with their data and IT operations. Enterprises do not want to spend millions of dollars to build and operate a data center.
– Further, the growing volume of Big Data across the business eco-system is gaining maturity. A recent study by Accenture in May 2018 stated that 79% of enterprise executives agreed that companies that do not embrace Big Data would lose their competitive position and are expected to face extinction. Currently, 83% of enterprises pursue Big Data projects to seize a competitive edge. This has increased the demand for hyperscale data centers among the enterprises.

United States to Dominate the Market

– The United States has continued its growth in data center infrastructure solutions. Modular data center investments in tier-2 cities is expected to drive the installation of center facilities, especially for local users, which is driving the growth of the data center cooling market.
– In the United States, the rate of adoption of cloud-based computing is rapidly increasing, owing to which, data centers are increasing in the country. According to Credit Suisse, the United States accounts for the highest number of hyperscale data centers worldwide, by holding about 40% in the country.
– Several efforts have been made by the United States to modernize its infrastructure. In a plan to achieve this, the US Army is planning to spend up to USD 249 million to deploy private cloud computing services and data centers. General Dynamics HP and Northrop Grumman are among the service providers selected for the Army Private Cloud contract, which will provide cloud computing services to consolidate data centers using a secure private cloud.
– Businesses in the United States stand to benefit from the data centers because fir purposes of the US Federal Communications Commission compliance certification, the data center is considered one unit (rather than several discrete systems). This will result in cost benefits and convenience, thereby lessening the burden on users.
– The United States is home to many tech giants, such as Apple, Amazon, Microsoft, and Facebook, offering hyperscale data centers. Also, the volume of Big Data is tremendously increasing; moreover, companies are adopting new strategies to ascend several data centers.
– The companies in the country are extensively investing in AI infrastructure, which demands the need for immediate processing of vast amounts of data being acquired on a real-time basis. Also, the governments in the region are taking initiatives to adopt upcoming technologies. In February 2019, the US government announced the Artificial Intelligence Initiative to prioritize AI investments in research and development, increase access to federal data and models for that research, and prepare workers to adapt to the era of AI.

Competitive Landscape
The market for hyperscale datacenters is highly consolidated because of the dominance by a few key companies in the market. Also, the barrier for new entrants is high due to the requirement of the high initial cost to enter into the market. These are companies that are continuously investing in making strategic partnership and acquisition to gain more market share. Some of the recent developments by the companies are listed below.

– January 2020- Microsoft Corporation announced a partnership with AT&T for enabling next-generation solutions on the edge. The partnership is aimed at enabling new 5G, cloud, and edge computing solutions to drive enterprise capabilities for companies around the world.
– September 2019 – EdgeConneX, a data center solution provider, declared a partnership with Lume to leverage its Cloud Anyware services. The partnership enables the company to accomplish goals like bringing its cloud solutions to the Edge, local and highly proximate to its enterprise customers.

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