Multi-factor Authentication Market Size Worth $17.76 Billion By 2025

The global multi-factor authentication (MFA) market size is expected to reach USD 17.76 billion by 2025, according to a new study by Grand View Research, Inc., experiencing a CAGR of 15.07% during the forecast period. Increasing implementation of BYOD and cloud-based services across enterprises, along with the growing security regulations and mandates, is benefiting market growth.

Multi-factor authentication is an emerging category of the identity access management that involves use of multiple methods of authentication to verify a user’s identity. Authentication of user identity ensures secure online transactions, log on to online services, and access to corporate resources. Compromised credentials are the main cause of data breaches. Multi-factor authentication is used by organizations to implement an additional layer of security that requires users to authenticate via knowledge, possession, and inherence factors to gain access to corporate and social networks. 

Advancements in biometric technologies, hardware and software applications, and cloud-based authentication services are projected to provide extensive growth opportunities to the market. However, issues related to cost and complexity involved in implementing MFA solutions and the ever-changing security regulations and compliances are expected to restrain market growth.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/multi-factor-authentication-market

Further key findings from the report suggest:

  • North America and Europe were the key revenue contributors in 2017. The key factors contributing to the growth of the regions are advanced infrastructure and accelerated adoption of smart devices
  • The two factor authentication model will continue to dominate the market until 2025, representing more than 75.0% of the overall revenue.
  • The three factor authentication model is anticipated to exhibit the highest CAGR of close to 17.0% over the forecast period
  • The BFSI sector will be the most prominent application segment during the forecast period, followed by retail and e-commerce.
  • The Asia Pacific market is estimated to post a CAGR of about 19.0% over the forecast period
  • Increasing investments in cloud technologies, BYOD, and mobility solutions are poised to provide a fillip to the multi-factor authentication market
  • The key market players include RSA Security, Symantec Corporation, CA Technologies, Gemalto, Safran, and Vasco Data Security International.

MPLS IP VPN Services Market Is Expected To Reach USD 46.26 Billion by 2020

The Global MPLS IP VPN Services Market is expected to reach USD 46.26 billion by 2020, according to a new study by Grand View Research, Inc. Despite considerably maturing over the last five years, the market is poised for high growth on account of appreciable growth potential exhibited by managed MPLS IP VPN services. Enterprises have increasingly started incorporating MPLS IP VPN services for leveraging benefits such as cost minimization and performance maximization. The market is expected to stay buoyant as a direct consequence of declining ATM/frame relay implementation.

Convergence of video, voice, and data on a single platform from different sources and the ability to provide scalable bandwidth is expected to encourage MPLS IP VPN services adoption. As MPLS supports multipoint full-mesh connectivity, organizations adopting cloud computing to address growing concerns pertaining to network security and IT costs can easily manage multiple locations in their network.

Stringent regulations pertaining to the use of VPN for personal applications, especially in the Middle East countries and China are expected to pose a challenge to the MPLS IP VPN services market growth over the forecast period.

Click the link below:
http://www.grandviewresearch.com/industry-analysis/multi-protocol-labelled-switching-internet-protocol-virtual-private-network-market

 Further key findings from the study suggest:

  • IT departments of institutions such as banks and government offices wishing to maintain control over their networking and routing related decision in order to address security issues have started preferring layer 2 VPN (L2VPN) services. IT departments of enterprises which opt for outsourcing their networking and routing decisions usually prefer layer 3 VPNs (L3VPNs). Multi-branch organizations have increasingly adopted hybrid L2VPN L3VPN services based on specific requirements at individual locations.
  • As MPLS offers a high Quality of Service (QoS) which is the primary requirement for VoIP, video conferencing is expected to emerge as a key application area over the forecast period. Substantial bandwidth offered by MPLS IP VPN services between the user’s equipment and the service provider’s network helps suffice VoIP’s requirements. Audio conferencing is projected to be a fast growing and profitable application sector.
  • North America and Asia Pacific constituted key regional MPLS IP VPN services markets in 2013 on account of the presence of prominent market players satiating the needs of an increasing consumer base. Influx of international carriers in the North American market to serve their existing MNC clients has favorably impacted the regional MPLS IP VPN services market growth.
  • Competitive solutions particularly tailored for MNCs having relatively smaller international presence are offered by prominent international MPLS IP VPN services operators such as AT&T, BT Global Services, Verizon, and Orange Business Services. After penetrating major regional markets, service providers focus on investing funds towards building backbone networks for supporting MPLS. The success of emerging MPLS IP VPN services market players hinges on establishing technical support partnerships and Network-To-Network Interface (NNI) relationships with an emphasis on customer service and flexible service offerings.

Mobile VoIP Market Size To Reach $145.76 Billion By 2024

The global mobile VoIP market is expected to reach USD 145.76 billion by 2024, according to a new report by Grand View Research, Inc. The transition to packet-switched networks from circuit switch networks is propelling the growth of the mobile VoIP market. 

The deployment of 4G/LTE is one of the key drivers boosting industry growth. The increase in the capability of wireless bandwidth services and growing investment by telecom operators in the deployment of a high-speed network is expected to enhance the usage of these services over the forecast period. Moreover, mobile VoIP service eliminates the need for voice plans, text add-ons, and achieves flexibility in making unlimited, inexpensive, or free calls. 

The competition in the mobile VoIP market is intense as several new service providers are focusing on increasing their market presence by offering low-cost services enabling the use of internet-based communication. Mobile VoIP is highly dependent on the reliable high-speed network. However, limited network speed results in interrupted and disruptive communication, which is expected to challenge industry growth over the forecast period.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/mobile-voip-market

Further key findings from the study suggest:

  • The video conferencing segment is estimated to grow at a CAGR of over 20% from 2016 to 2024. The need for scalable communication methods and growing globalization is driving the demand for video conferencing market. The increasing trend of Bring your Own Device (BYOD) is also contributing to the demand for video conferencing in the corporate sector.
  • The Android OS is estimated to be the dominating segment and is expected to account for over USD 90 billion by 2024. The free availability of this OS is attracting creators for developing low-cost smartphones. Moreover, Android is an open platform, which is enabling application developers to modify the OS as per their needs thereby, boosting the demand for Android-based devices.
  • The European mobile VoIP industry is anticipated to remain the largest over the forecast period. The region is expected to witness significant growth owing to the increasing smartphone users using instant messaging services such as Facebook and WhatsApp. The number of monthly active Facebook users in the region increased from 233 million in September 2015 to 240 million in December 2015.
  • Asia Pacific is expected to be the fastest-growing region, rising at a CAGR of over 23% from 2016 to 2024. Increase in business activity, small and medium enterprises, and rise in start-ups are driving the growth in Asia Pacific market.
  • Key players in the mobile VoIP market include Microsoft Corporation, Facebook Inc., and Vonage Holdings Corporation. The competition in providing VoIP offerings is intense, which is enabling the service providers to offer differentiated products and services.

Material Handling Equipment Market Size Worth $41.18 Billion By 2025

The global material handling equipment market size is expected to reach USD 41.18 billion by 2025, at a CAGR of 6.8% over the forecast period according to a study conducted by Grand View Research, Inc. Rising growth of e-commerce industry, rapid industrialization, and automation in manufacturing sector are some of the factors expected to positively impact the growth.

Rising penetration of advanced technologies such as Artificial Intelligence (AI), Radio Frequency Identification (RFID), and Internet of Things (IoT), among others is also anticipated to power the market growth. For instance, in April 2016, Hyster-Yale Materials Handling, Inc., announced the launch of Yale A-WARE. Yale A-WARE is a location-based truck performance control solution that uses RFID tags to control speed and monitor lifts and acceleration restrictions. These RFID tags are deployed in warehouse storage aisles, which are read by a RFID sensor mounted on the truck. The sensor reads the tag and triggers the pre-defined lift and speed settings at which the truck can operate.

Materials handling equipment are extensively used in several manufacturing industries, such as automotive, food and beverage, and pharmaceutical. For instance, chemical industries usually face inefficient or disorganized storage. This issue can be resolved with storage and handling systems that are highly specific or customized toward the load. Furthermore, the growing disposable income coupled with rising penetration of internet has made online shopping convenient. This has urged the need to set up more warehouses, which would indirectly spur the material handling equipment sales across the e-commerce industry.

Furthermore, these equipment are also used in warehouses for managing the storage and transportation of good and products. It improves productivity by enhancing logistics at warehouses and manufacturing plants. These products offer cost-effective, process efficient, and an accurate method for the swift transition of goods across the manufacturing plants and warehouses, thereby driving the market growth. However, high initial costs and real-time technical challenges coupled with lack of awareness are some of the challenges affecting the growth.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/materials-handling-equipment-market

Further key findings from the study suggest:

  • The industrial trucks segment accounted for a significant market share in 2018. However, automated storage and retrieval systems are anticipated to witness the highest growth over the forecast period. This is accredited to the varied uses of automated solutions across several applications such as conveyor systems, robotic delivery systems, and automated guided vehicles to speed up the task to be carried out
  • Additionally, benefits such as enhanced work efficiency and reduced human efforts are some of the major factors expected to augment the sales of automated storage and retrieval systems over the forecast period
  • Europe held a market share of over 30.0% in terms of revenue in 2018. However, Asia Pacific is anticipated to witness significant growth over the forecast period, attributed to the rising industrial and infrastructural activities in developing countries such as India and Japan. Additionally, growing e-commerce industry is also expected to spur product sales
  • The material handling equipment market is highly consolidated and characterized by high competition with the presence of major global players such as BEUMER Group; Intelligrated Systems Inc.; Kion Group AG; Toyota Industries Corporation; and Murata Machinery Ltd.; among others. These players engaged in mergers and acquisitions and collaborations or partnerships to enhance their market presence and to expand their product portfolio

Image-Guided & Robot-Assisted Surgical Procedures Market Worth $5.6 Billion by 2025

The global image-guided and robot-assisted surgical procedures market size is expected to reach USD 5.6 billion by 2025, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 14.6% over the forecast period. An increasing number of complex surgeries, trauma cases, and rapid technological advancements in image-guided robots are expected to propel revenue growth in this market.

Surgical procedures have witnessed a transformation due to technological advancements such as microscopic cameras, three-dimensional (3D) imaging, motion sensors, and remote navigation and robotic catheter control systems in image-guided robots. This, in turn, has enhanced surgical outcomes. The introduction of surgical robots is another factor influencing overall positive health outcomes owing to reduced surgical time and errors. Da Vinci Surgical robot is the most widely used system for complex surgeries. It is accompanied by a computer-enhanced system and enhances its capability of performing laparoscopic surgeries.

Urology surgery was the dominant procedure segment of the global image-guided and robot-assisted surgical procedures market with a share of 38% in 2016. Some of the urological surgeries performed by medical robots include prostatectomy, partial nephrectomy, cystectomy, and pyeloplasty. Da Vinci system is also used to perform complex gynecological procedures such as hysterectomy and sacrocolpopexy. Adoption in surgical procedures helps reduce blood loss and recovery period. An increasing number of surgical procedures using Da Vinci system is expected to drive overall market growth in the near future.

North America accounted for the largest share in the global image-guided and robot-assisted surgical procedures market followed by Europe in 2016. The U.S. accounted for 58.8% of the total global market share in 2016 mainly due to higher penetration of robotics and increasing awareness about minimally-invasive surgeries. Developing economies such as Latin America and Middle East & Africa have witnessed lower adoption owing to the existence of price-sensitive end users. Asia Pacific is projected to expand at a CAGR of 16.4% over the forecast period owing to factors such as improving healthcare infrastructure and increasing penetration of image-guided robots. These factors are expected to contribute to regional demand in the near future.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/image-guided-and-robot-assisted-surgery-market

Further key findings from the report suggest:

  • North America held the largest market share in 2016 due to high investment, increasing demand for robot-assisted surgeries, and adoption of robotics
  • The U.S. was the largest market with 58.8% of the global market share in terms of revenue in 2016
  • Asia Pacific is anticipated to be the fastest-growing market at a CAGR of 16.4% between 2017 and 2025 owing to rising demand and technological advancements
  • Some of the key players in the image-guided and robot-assisted surgical procedures market are Crouse Hospital, St. Vincent, St. Clair Hospital, Northwest Hospital & Medical Center, Atlantic Health System, The Princess Grace Hospital, Apollo Hospitals Enterprise Ltd., Medanta The Medicity, and George Washington University Hospital.

Portable Medical Devices Market Size Worth $85.3 Billion By 2025

The global portable medical devices market size is expected to reach USD 85.3 billion by 2025. It is anticipated to expand at a CAGR 8.7% over the forecast period, according to a new report by Grand View Research, Inc. The market is majorly driven by the increasing adoption of portable therapeutics, diagnostics, and monitoring devices in healthcare facilities. Growing usage of small, lightweight, and handheld devices such as spirometers that help in diagnosing the respiratory diseases is anticipated to provide significant traction to the global market in the forthcoming years.

Furthermore, the upward trend of preventive healthcare and subsequently rising adoption of smart wearables are among other factors boosting the growth of the market for portable medical devices. Fitness trackers and smartwatches exhibit features that offer healthcare benefits. Wearables compute data from day to day activities of users. This data can be used by the physicians to decide a treatment plan.

The rising geriatric population coupled with high prevalence of chronic diseases is also projected to boost the market. Rising adoption of portable devices such as cardiac monitoring, respiratory monitoring, and image-guided therapy systems for the management of chronic conditions such as diabetes, cardiovascular diseases, and respiratory diseases is anticipated to bode well for market growth in the near future. According to the American Cancer Society (ACS) estimates from 2012, the global incidence of cancer is expected to reach nearly 21.7 million by 2030. This is anticipated to drive demand for advanced imaging and therapeutic technologies, which, in turn, is expected to drive the portable medical devices market.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/portable-medical-devices-market

Further key findings from the report suggest: 

  • In 2017, monitoring devices held the largest market share in terms of revenue owing to increasing adoption of monitoring systems by hospitals, clinics, and other healthcare facilities for better disease management
  • Smart wearable devices segment is expected to expand at the fastest CAGR 19.0%over the forecast period owing to a rising focus on preventive healthcare
  • Other applications held the largest market share in 2017. Gynecology segment is anticipated to expand at the fastest CAGR over the forecast period
  • North America accounted for the largest revenue share of 41.7% in 2017 owing to the high adoption of technologically advanced devices and high treatment rates. However, Asia Pacific is expected to register the fastest CAGR over the forecast period
  • Key players in the portable medical devices market include General Electric Company, OMNOR Corporation, VYAIRE, SAMSUNG, Koninklijke Philips N.V., Medtronic, F.Hoffmann-La Roche Ltd, and Nox Medical

Monoclonal Antibodies Market Size Worth $138.6 Billion By 2024

The global monoclonal antibodies (mAbs) market was valued at USD 85.4 billion in 2015 and is expected to reach a value of USD 138.6 billion by 2024. Increasing R&D pertaining to the development of therapeutic mAbs coupled with supportive government initiatives is expected to drive the monoclonal antibodies market growth over the forecast period.

Increasing demand for personalized medicine is a vital factor responsible for the increasing development of therapeutic antibodies to provide targeted therapies as every individual responds in a different manner to a particular treatment. Moreover, related benefits of using mAbs for therapeutic purposes, including fewer adverse effects, homogeneity, specificity, and large-scale production, are contributing to significant market growth.

In addition, the government initiatives to enable the cost-effective production of mAbs are anticipated to propel the emergence of this sector over the forecast period. For instance, the biomanufacturing initiative by the National Institute of Standards and Technology in the U.S. provides scientifically sound regulatory guidelines to ensure effective and safe manufacturing of protein therapeutics and to support biopharmaceutical manufacturers in offering low-cost and high-quality protein drugs across the globe.

Click the link below:
http://www.grandviewresearch.com/industry-analysis/monoclonal-antibodies-market

Further Key Findings From the Study Suggest:

  • The human-based mAbs segment is predicted to grow at a lucrative CAGR in the coming years due to their associated benefits and numerous R&D activities conducted for further development of human mAbs. A large number of mAbs of human origin are in phase III clinical trial for cancer treatment
  • In vitro production of mAbs is anticipated to show the fastest growth owing to its wide-scale adoption by biologics manufacturers due to its greater efficiency in cost and time
  • The research institute segment is anticipated to exhibit profitable growth due to increasing R&D efforts in the biotech industry as monoclonal antibodies have emerged as a major class of therapeutics for several human diseases, particularly immunological infectious diseases and cancer
  • The Asia Pacific region has significant growth potential due to rising government initiatives in this region supporting the use of mAbs for research and treatment purposes coupled with the surge in sponsored R&D projects for the development of cost-effective therapeutic mAbs.
  • For instance, government-led fund providers, such as the National Natural Science Foundation and the National Basic Research Program of China, offer financial support to enterprises and universities to conduct mAb research and development.
  • The key players serving the monoclonal antibodies market are Pfizer, Inc., GlaxoSmithKline plc, Novartis AG, Merck & Co., Inc, Amgen, Inc., Abbott Laboratories, AstraZeneca, Eli Lilly and Company, Mylan N.V., Daiichi Sankyo Company, Ltd., Bayer AG, Bristol Myers Squibb Co., Johnson & Johnson Services, Inc., Biogen Inc., Thermo Fisher Scientific, Inc., Sanofi Genzyme, F. Hoffmann-La Roche Ltd., and Novo Nordisk A/S.
  • The introduction of advanced methods for mAb production further encourages pharmaceutical companies to build their own product pipeline. According to a study published by NCBI at the end of 2013, approximately 816 companies were involved in therapeutic protein research.

Cardiovascular Information System Market Worth $1.2 Billion By 2024

The global cardiovascular information system market is expected to reach USD 1.2 billion by 2024, according to a new report by Grand View Research Inc. The global cardiovascular devices industry is growing swiftly owing to the increasing prevalence of heart diseases and other cardiovascular problems. 

In accordance with the growing patient population there is an exponential surge in the patient history documents and patient data records. The resultant, rising burden of patient data is pushing forward the demand for effective management tools; thus, offering increased accessibility of patient information to surgeons and the healthcare staff and hence enhancing the operational efficiency of the practices. In addition, factors, such as technological advancements and the gradually growing awareness regarding the availability of these improved systems are expected to fuel the growth of the cardiovascular devices market. 

However, factors, such as high system costs and the lack of skilled operators are impeding the overall growth. In addition, the presence of alternative data management tools is challenging the adoption of the information systems specific to cardiovascular data management. Some of the key players in the market are implementing strategies to expand market share. For instance, companies, such as Philips Healthcare and GE Healthcare offer CVIS systems along with their cardiac imaging products.  

Click the link below:
http://www.grandviewresearch.com/industry-analysis/cardiovascular-information-system-market

Further key findings from the study suggest:

  • The CVIS segment captured the largest market share of the global market in 2015. Integration of these systems with imaging devices is responsible for the highest adoption rate of this segment.
  • Owing to the high cost of these systems, the CVIS segment is expected to maintain its dominance during the forecast period
  • The cloud-based segment is anticipated to exhibit the fastest growth rate during the forecast period. The associated advantages, such as the affordable cost, remote accessibility of data, and the user friendly interface, are expected to fuel the adoption of the cloud-based mode of operation.
  • North America captured the largest market share of around 36% in 2015. The dominance of the segment is expected to continue with a CAGR of 5.8% from 2016 to 2024.
  • The factors contributing to the growth of the North America market include the increasing prevalence of heart diseases and the technological advancements in the region. Moreover, factors, such as the availability of highly advanced healthcare facilities and the higher adoption rate of the data management tools are augmenting the market growth in North America.
  • Asia Pacific is anticipated to grow at the fastest rate during the forecast period. Countries, such as India and China are expected to be the fastest growing markets in the region owing to the large pool of cardiovascular patients and the rising healthcare expenditure.
  • The booming medical tourism in Asia Pacific due to the availability of advanced healthcare facilities and services at a lower cost in comparison to the other developed countries serves as the pivotal factor in attracting cardiac patients worldwide to this region.
  • Some major players in this market include Philips Healthcare, GE Healthcare, McKesson Corporation, Siemens Healthcare GmbH, Merge Healthcare, Inc., Agfa Healthcare N.V., Cerner Corporation, Fujifilm Medical Systems, Inc., Lumedx Corporation, and Digisonics, Inc.

Field Service Management Market Size Worth $4.1 Billion By 2025

The global field service management market size is expected to reach USD 4.16 billion by 2025, according to a new report conducted by Grand View Research, Inc. Various other factors such as improper management of inventory, increased inventory cycle time, increased holding cost, increased ordering cost and incorrect information about the stock further increase the cost of business operations. FSM software helps to fortify the functionality of the service industry while improving overall profitability.

The main forces which are driving the market include the increase in number of field operations across manufacturing, oil & gas and construction sector., increase in the use of smartphone devices, and rising demand for better organizational efficiency and reduced cost of operations. The advancement of cloud services, supports the integration of cloud to the FSM software. This is expected to surge the FSM market growth over the next nine years. Over the forecast period, most of the end use industries are expected to deploy the FSM software on the cloud rather than on the premise.

The global field service management market is anticipated to witness a high growth over the forecast period. The high presence of smartphones and tablets are playing an important role in the overall growth of the FSM industry globally. FSM solutions are also compatible with next generation smartphone operating systems, further boosting their importance across the competitive landscape.

Click the link below:
http://www.grandviewresearch.com/industry-analysis/field-service-management-market

Further key findings from the report suggest:

  • The mobile field execution solution provided by the FSM software is the most preferred solution by the end use industries which helps in execution and maintenance of field work by technicians, reporting status, receiving alerts, gain visibility to individual performance.
  • Most of the end use industries such as utilities, healthcare, IT among others are moving from on-premise deployment to cloud deployment of the FSM software as it enables faster deployment speeds and reduces upfront costs.
  • As compared to the small and medium enterprises, the large enterprises are increasingly adopting the FSM software for the management of large on field technicians and employees who work on field.
  • The FSM software is being increasingly adopted across the construction industry due to the rapid industrialization and increasing population particularly in developing countries such as China and India.
  • The FSM market is in the developing stage in the regions of Asia-Pacific, Middle East & Africa, and Latin America due to their increase in investment in IT sector and increased focus on digital workplace transformation initiatives.
  • The key purveyors in this industry comprise Accenture, Cisco Systems, Astea International, Inc., Comarch, ClickSoftware Technologies, Klugo, Infor, SAP, ServiceMax, Trimble Navigation Limited, among others.

Software Defined Storage Market Worth $17,461.9 Million By 2024

The software defined storage (SDS) market size is expected to reach USD 17,461.9 million by 2024, according to a new study conducted by Grand View Research, Inc.

The emergence of the Big Data technology is anticipated to impel growth in the global software defined storage market. Technological propagation, coupled with benefits such as high flexibility and cloud storage, is instrumental in keeping the industry prospects upbeat. The technology facilitates the efficient management and control of complex networks through proficient resource data traffic management.

The advancements in the cloud technology, its availability, and wider access to cloud-based platforms are favorably impacting the industry. Various enterprises across the globe are experiencing the need for minimizing infrastructure development and data storage center costs which are significantly contributing toward theexpansion of the industry.

Enterprises across diverse verticals are generating excessive data, creating the need for effective data storage management solutions. SDS solutions offer high agility and robustness to businesses along with cost and time efficiency.

The industry is projected witness significant growth in the developing markets of South America and the Asia Pacific regions, owing to thestrong growth of the small-scale industries. The need for improving the efficiency and business processesin data centers is driving the demand for SDS solutions in small and medium-sized enterprises.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/software-defined-storage-sds-market

Further key findings from the report suggest:

  • The BFSI segment dominated the global software defined storage industry, accounting for over 17% of the market share in 2015. The large-scale data generation in the banking and financial institutions and the need for incessant data availability are leading to the large-scale adoption of SDS solutions in the BFSI sector.
  • The North American regional market accounted for over 40% of the global revenue share in 2015. The strong presence of software defined storage solution vendors in the region is expected to contribute to the industry growth in the region. Asia Pacific is expected to emerge as the fastest-growing regional market. The rise of small-scale industries in the developing markets of India and China is driving the regional growth.
  • Small and medium-sized enterprises accounted for over 30% of the global revenue share in 2015. The growth of Small and Medium-Sized Business (SMB) units across the globe, owing to the favorable government initiatives, is substantially driving the demand for SDS solutions among the small and medium-sized enterprises.
  • The major vendors include Brain Corporation (U.S.), Hewlett-Packard (U.S.), HRL Laboratories, LLC (U.S.), Intel Corporation (U.S.), Numenta, Inc. (U.S.), and Vicarious FPC, Inc. (U.S.). Industry vendors are emphasizing on new product developments and forming technology alliances to gain a competitive edge in the industry.