Tag: Artificial Intelligence

Version Control System Market Size Worth $2.04 Billion By 2026

The global version control system market size is expected to reach USD 2.04 billion by 2026, registering a Compound Annual Growth Rate (CAGR) of 12.6% from 2020 to 2026, according to a new report by Grand View Research, Inc. The growing need for reducing complexities in software development processes is expected to drive market growth. Additionally, enterprises are widely focused on minimizing human errors while developing software and efficiently tracking modifications in the software. This is also expected to contribute to market growth.

Version control systems enable software providers to keep track of the changes in documents, website content, mobile applications, and software. Enterprises across the globe are transforming their organization structure from traditional business processes to automated applications in an attempt to increase their operational efficiency. This often leads to challenges in managing software and their different versions. The growing need among enterprises to overcome these challenges is expected to, in turn, drive the demand for version control systems.

Furthermore, key players are focused on adopting marketing strategies such as free trials, limited free versions, and discounts on licenses for certain products to attract more customers. For instance, Atlassian offers free trials, affordable starter licenses, or limited free versions for certain products to promote its brand and product awareness and to increase its product adoption.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/version-control-system-market

Further key findings from the report suggest:

  • The Distributed Version Control Systems (DVCS) segment is expected to witness remarkable growth over the forecast period, as it provides flexible workflows that are tailored based on the user’s project and to meet the needs of the developer team
  • The cloud deployment segment is expected to expand at the highest CAGR of 13.0% over the forecast period as it minimizes the total ownership cost and increases data storage capabilities for enterprises
  • The small and medium enterprises segment is expected to contribute significantly to the rising demand for cost-effective solutions & services for optimizing their development process
  • The retail and CPG sector is rapidly adopting version control systems owing to changing consumer needs and growing demand for continuously updating their website content and mobile applications
  • The Asia Pacific market is expected to register the highest CAGR over the forecast period. This can be attributed to the emergence of advanced cloud-based solutions, improved infrastructures, and digitization in the region

Data Monetization Market Worth $7.34 Billion By 2027

The global data monetization market size is expected to reach USD 7.34 billion by 2027, registering a CAGR of 24.1% from 2020 to 2027, according to a study conducted by Grand View Research, Inc. Data monetization is a strategy used by several organizations to increase their revenue. It is the process of utilizing data to obtain quantifiable economic benefits. There are two types of data monetization techniques, direct data monetization, and indirect data monetization.

There are several types of data monetization methods wherein organizations use data to discover new customers and business opportunities. These data monetization methods are data as a service, insight as a service, analytics-enabled platform as service, and embedded analytics. The analytics-enabled platform as a service method is anticipated to witness significant growth as it provides real-time access to data on the cloud along with consistent triggers/alerts.

Data monetization is expected to be a catalyst for several brands as it enables them towards becoming a pioneer in data-driven principles. It creates new revenue streams for organizations. Additionally, it also promotes companies to reduce operating costs and overall general expenses and enables them to take adequate actions in improving their sales. Several end-use industries have leveraged the benefits of data monetization, and many more are moving towards data monetization.

For instance, data monetization offers geofencing and geotargeting in the retail and tourism industries. For the healthcare sector, government, and advertisement agencies, it ensures density planning and traffic flow. Similarly, it provides fraud detection for credit card companies and financial institutes. It offers smart targeting, Internet of Things (IoT), click-stream insights for digital and brand advertisers, and several other companies. Such factors are anticipated to power market growth over the forecast period.

However, factors such as data security and privacy, rising complexities in data structures, and varying regulatory policies are anticipated to hinder the market growth over the forecast period. Nevertheless, data monetization is capable of identifying and mitigating risk, improving compliance, streamlining planning and decision making, and creating a competitive advantage in the market. It has significantly shadowed market hindering factors and has enabled organizations to take adequate measures.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/data-monetization-market

Further key findings from the study suggest:

  • SMEs are anticipated to expand at a CAGR of over 30% from 2020 to 2027. Rising demand for BI has significantly impacted the adoption of data monetization amongst SMEs
  • The insight as a service segment is anticipated to expand at a CAGR of over 20% from 2020 to 2027. This is attributable to the ability of the method to combine external and internal data sources and use analytics to provide insights to customers
  • The manufacturing segment was valued at over USD 200.0 million in 2019 and is expected to exceed USD 1,300.0 million by 2027, expanding at a CAGR of over 24% from 2020 to 2027. This is attributed to the rising usage of data monetization in the automotive industry
  • For instance, in the automotive industry, data monetization ensures several benefits, such as tracking in case of real-time diagnostics and predictive maintenance. Technological advancements and increased digitalization resulted in easy tracking of vehicle performance. The implementation of IoT, telematics, and automation is also expected to increase the market demand in the industry

AI In Asset Management Market Size Worth $13.43 Billion By 2027

The global AI in asset management market size is expected to reach USD 13.43 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 37.1% from 2020 to 2027. Artificial intelligence in asset management refers to the automation of IT assets lifecycles with intuitive workflows and making informed decisions about asset vendors and capacity. Asset and wealth management firms are exploring potential artificial intelligence-based solutions to improve their investment decisions and extract insights out of their historical data. The current landscape of artificial intelligence (AI) applications in asset and investment management includes the management of digital assets and physical assets and investment advisory consumer applications. For instance, The Vanguard Group, Inc., a U.S.-based investment firm, offers the PAS (Personal Advisor Services), which runs on automated algorithms and can potentially prompt customers with investments-related advisories with insights from human advisors.

The COVID-19 outbreak has created significant uncertainties and challenges for the WAM industry. However, this crisis may accelerate certain activities related to the speed of digital transformation and automation as some markets have shown high acceptance towards digital or virtual approaches related to client interaction and distribution. Moreover, key players are leveraging AI and machine learning technologies to improve resilience and enhance productivity. For instance, in April 2020, Exabel, a Norway-based FinTech company that provides an AI platform for active asset managers, announced its partnership with 1010data, Inc., a U.S.-based data provider to the consumer goods, retail, and BFSI industries. Under the agreement, both the companies are working on building COVID-19 impact dashboards, which will derive the information from multiple sets of live debit and credit transaction data. This information is anticipated to provide investors real-time insights into how this pandemic impact consumer spending in grocery and general merchandise, retail, and travel industries across U.S. Furthermore, omnichannel and ecosystem strategies are expected to become embedded within the capital markets sector to maintain restricted social distancing and travel in place.

The global artificial intelligence in the asset and wealth management industry has been steadily expanding and witnessing substantial transformations due to the fundamental shift in global finance and technology. The noticeable rapid progress in technology in the last two decades has significantly improved the way industry professionals store and process data. The cost of collection and processing of stock market data across verticals has consequently reduced, which has brought new possibilities for improvement in decision-making mechanisms across industries. Analytics is revolutionizing the problem-solving paradigms of the asset management industry by reforming the functioning of some of the dimensions, including client profiling, product recommendations, customer churn, sentiment analysis, and marketing and strategy.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/artificial-intelligence-asset-management-market

Further key findings from the study suggest:

  • Asset management organizations are using natural language processing (NLP) and other AI techniques to recommend optimal actions for specific processes by analyzing voice and text communications
  • NLP associated with machine learning technology helps in incorporating a wide range of sources into press releases, financial reports, retrieving filings, investment models, and social media activity
  • Portfolio construction and optimization is an effective application of AI in asset management as it provides predictive forecasting of long-term price movements
  • In asset management, social media analytics is an emerging trend, which is primarily used for research analyst opinion, market sentiment, influencer, and demography analyses.

Fire Protection System Market Worth $155.03 Billion By 2027

The global fire protection systems market size is expected to reach USD 155.03 billion by 2027, expanding at a CAGR of 7.5% over the forecast period, according to a study conducted by Grand View Research, Inc. Increasing adoption of wireless technology, growing human and property loss owing to fire breakouts, and stringent fire safety regulations are projected to fuel the market growth.

Increasing implementation of building safety codes and renovation projects is also anticipated to be a major factor positively influencing the market growth. The application and usage of the fire protection systems are anticipated to increase continuously with the developments of commercial entities and corporations. Furthermore, technology enhancements such as extinguishing technology based on mist and products such as laser optical/infrared smoke detectors, alarms with embedded voice evacuation announcements, hypoxic air fire suppression systems, and wireless fire alarm systems are expected to gain traction in the market globally. Moreover, in 2020, the market will be hampered due to the COVID-19 outbreak, which has interrupted production, impacted demand, and caused supply chain disruption.

The growing trend of integrating fire alarm and detection systems with building automation systems offers vast growth opportunities to market growth. Connectivity with building automation systems is increasingly becoming a major feature of fire protection systems in commercial, industrial, and residential applications. This can be attributed to the fact that such integration allows for the development of systems that are capable of sharing and gathering data, which can help in alerting individuals about fire safety issues in the premises. A notable rise in investments in smart building automation technologies across several regions is expected to lead to new opportunities for building automation systems in the industrial and commercial sectors.

Consumers in developed regions such as Europe and North America have seen a steady rise in demand over the past few years, and the growth trend is also projected to continue over the next few years. However, a lack of stringent regulations and high cost of advanced fire protection systems has kept the markets in emerging countries largely untapped. Nevertheless, improving economic conditions in countries, including Brazil, and India, are anticipated to boost the demand.

Infrastructural development activities across the Asia Pacific region owing to the rising demand for new transport and utility infrastructure will drive demand. The high rate of urbanization is placing increased pressure on under-invested, weak city infrastructure. The consecutive rise in focus on new residential and infrastructural development projects is expected to propel the demand across this region; thus, such factors fueling market growth.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/fire-protection-systems-market

Further key findings from the report suggest:

  • Fire detection is expected to dominate the product segment and the trend is expected to continue over the forecast period and is expected to reach USD 71.21 billion by 2027
  • The maintenance services market is anticipated to witness the fastest growth over the forecast period. The demand for these services is often driven by new building construction activities, modernization activities, and demand for system upgrades
  • The commercial application segment is expected to dominate over the forecast period. Increasing investment of companies for reducing the loss of property and life, and safeguarding the infrastructure across several applications is also estimated to further propel the demand. The segment is expected to reach USD 71.31 billion by 2027
  • North America is projected to account for the majority market share over the forecast period. The increasing demand for smart buildings and intelligent houses which deliver optimum safety and security is expected to drive the growth. The region is anticipated to reach USD 46.64 billion by 2027

Education Technology Market Size Worth $285.2 Billion By 2027

The global education technology market size is anticipated to reach USD 285.2 billion by 2027, growing at a CAGR of 18.1% from 2020 to 2027, according to a new report by Grand View Research, Inc. Technology has revolutionized the process of learning. From Massive Open Online Courses (MOOCs) to virtual classrooms, the education technology (EdTech) sector has emerged rapidly, leading to an influx of massive investments worldwide. Countries across the globe are realizing the potential of integrating technology to enhance student learning, enabling education leaders to undertake range of initiatives in integrating EdTech into their education systems, schools, and classrooms.

Developed economies, including U.S., U.K., and Germany, are at the forefront of developing and introducing innovative education technology offerings, supporting education administration, student and community engagement, and reducing teacher workload. On the other hand, emerging economies, such as India, are focusing on utilizing such technologies to provide access to educate their population. As a result, EdTech is anticipated to foresee substantial growth in such economies to educate the rapidly growing population rather than building a well-developed institute.

Technological advancements, such as artificial intelligence (AI), robotics, and augmented reality (AR)/virtual reality (VR), and their integration into learning are anticipated to transform the conventional techniques of teaching. These cross-curricular learning opportunities in the EdTech sector are expected to enable institutes and teachers to streamline resource commitments as well as develop students’ knowledge through practical and cross-curricular applications.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/education-technology-market

Further key findings from the report suggest:

  • Some of the major higher institutes and educational organizations across North America are increasingly shifting their focus from legacy EdTech education system towards online-based EdTech solutions
  • Integration of AI in schools and universities to automate activities, such as grading subjects and providing feedback, is anticipated to propel the demand for EdTech offerings
  • Cloud computing technology is used to store vital resources, such as audio/video lessons, written lessons, and assignments, on a school’s cloud terminal. These resources can be accessed by students as per their convenience
  • Widespread use of mobile devices and tablets is leading to the use of gamification and immersive learning in educational institutions for an interactive and enhanced learning experience.

Gardening Equipment Market Size Worth $102.3 Billion By 2025

The global gardening equipment market size is expected to reach USD 102.3 billion by 2025, according to a new report by Grand View Research, Inc. Mounting investments in the novel gardening tools to replace the old equipment is expected to be a major factor spurring market growth. The rising housing activity capacity to meet the ever-growing population’s demand is estimated to act as a key driver augmenting growth. Never the less, the seasonal variation witnessed by the manufacturers is estimated to challenge the industry over the near future.

The global gardening equipment market is anticipated to witness high growth over the forecast period. This may be accredited to the advent of technologically advanced products such as battery-powered hand tools and robotic lawnmowers. Further, remote-controlled and GPS-equipped lawnmowers are expected to gain traction in the near future, thereby spurring equipment sales. The rising espousal of gardening as a hobby is expected to further catapult equipment market growth over the next nine years.

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

Further key findings from the study suggest:

  • The lawnmowers segment captured over 30% of the total revenue in 2015 and is projected to exhibit a significant growth at a CAGR of over 4.0% from 2016 to 2025, which is attributed to their extensive usage in the commercial complexes such as shopping centers, hospitals, churches, and public parks.
  • On account of the wide scope of purposes gardening equipment serve in trimming, cutting, and shaping the plants & shrubs at the residential complexes, the residential segment is expected to gain prominence over the forecast period with an estimated CAGR exceeding2.0%.
  • Asia Pacific emerged as the fastest-growing market and is expected to grow at a healthy compound annual growth rate of over 3.0%, which is primarily due to the improved social lifestyle of the escalating base of wealthy middle-class population in the region.
  • The key purveyors in this industry comprise Deere & Company, Toro, Bosch Power Tools, MTD Products, Honda and Husqvarna Group, as the international players hold a strong foothold in the market making it difficult for the local suppliers to compete.

Silicon Photonics Market Size Worth $918.3 Million By 2025

The global silicon photonics market size is expected to reach USD 918.3 million by 2025, according to a new report conducted by Grand View Research, Inc. The rapid emergence of commercial and consumer electronics applications is anticipated to revolutionize the market by 2025.

The IT and telecommunication application segment would dominate the sector in terms of market size over the forecast period. Silicon photonics devices find commercial applications in high-performance computers and data center applications. The silicon photonics technology offers a cost-effective and reliable solution to commercial applications.

The key value chain components for the silicon photonics system include raw material suppliers, component manufacturers (chip and optical interconnect fabrication firms), Original Equipment Manufacturers (OEMs), server system distributors, and end-use segments. Silicon photonics has been a significant research arena since the last decade on account of potential benefits of the optoelectronics integration.

The market can be categorized based on application types into consumer electronics, IT & telecommunication, commercial, defense & security, and healthcare & life science verticals. Silicon photonics devices find commercial applications in high-performance computers and data center applications.

Small size and cost-effectiveness are the ideal features desired from silicon photonics, which is largely driving the growth of the silicon photonics market. Vendors provide solutions across a wide range of industries, such as mobile broadband Internet access, high-performance computing, data center and enterprise networking, and metro and long haul data communications, among many others.

Click the link below:
http://www.grandviewresearch.com/industry-analysis/silicon-photonics-market

Further key findings from the report suggest:

  • The industry is predicted to grow as the products would rapidly gain traction. This is attributed to the ability of products to be incorporated in different application areas, such as IT and telecommunication, consumer electronics, and commercial.
  • The increasing demand for active optical cables, optical multiplexers, and optical attenuators provides numerous growth opportunities as they offer considerable options to attain low-cost economies
  • The North American region dominated the marketplace, accounting for the largest global silicon photonics market share (in terms of revenue) in 2015
  • The key industry participants include Cisco Systems Inc., Finisar Corporation, Intel Corporation, Mellanox Technologies, and Molex Incorporated

Gesture Recognition Market Worth $30.6 Billion By 2025

The global gesture recognition market size is likely to reach USD 30.6 billion by 2025. It is poised to post a CAGR of 22.2% from 2018 to 2025, according to a new report by Grand View Research, Inc. Increasing digitization across various industries is benefiting the growth of the market. Ease of adoption due to low technical complexity for end users is escalating its implementation across the consumer electronics industry. Several other industries have also started using this technology. Similarly, the touchless gesture recognition market is primarily driven by factors such as rising hygiene consciousness, government measures for water conservation, low maintenance cost, and booming hospitality and tourism industry.

Surging use of consumer electronics and Internet of Things, along with increasing need for comfort and convenience in product usage, is boosting the growth of the gesture recognition market. Technological advancements and ease of use are helping the market gain momentum over the coming years. Increasing awareness regarding regulations and driver safety are bolstering the demand for gesture recognition systems in the automobile industry. Similarly, spiraling customer demand for application-based technologies is stimulating market growth.

Gestures are visible body actions through which human express information to others without saying it. In our daily lives, we see several hand gestures that are frequently used for communication purposes. Hand gesture recognition is one of the advanced research fields, which provides a way for human-machine interaction. Hand gesture recognition provides an intelligent method for human-computer interaction (HCI).

The market is volatile and is experiencing a fierce competition, therefore, witnessing high number of mergers and acquisitions. For instance, Intel Corp. acquired Omek Interactive Ltd. Some of the key players in the market are Apple, Intel, Microsoft, and Google. Along with global giants, local and regional players are also showing tremendous growth and attracting big investors. This scenario has taken the competition to a whole different level.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/gesture-recognition-market

Further key findings from the report suggest:

  • Increasing digitization across various industries and ease of adoption due to low technical complexity for end users are poised to propel the market
  • The healthcare segment is projected to experience substantial CAGR of 27.0% over the forecast period
  • Asia Pacific was the highest revenue contributor in 2017. It is expected to witness significant growth over the forecast period
  • The key players of the market include Apple Inc.; eyeSight Technologies Ltd; and Infineon Technologies AG.

Video Analytics Market Size Worth $9.4 Billion By 2025

The global video analytics market size is expected to reach USD 9.4 billion by 2025, according to a new study by Grand View Research, Inc., registering a 22.8% CAGR over the forecast period. Increasing demand for intelligent security surveillance systems, which can be used for estimating key trends and deriving patterns, is the key factor driving the market growth. In addition, increasing concerns over public safety and the use of video analytics in criminal investigations are positively impacting demand for video analytics solutions.

Apart from surveillance, video analytics solutions have also found increasing applications in the retail sector for estimating average footfall, gender bifurcation, display effectiveness, and attractiveness of shelf space. Furthermore, superstores and mega marts have started implementing these systems to gain insight into consumer behavior.

The use of advanced algorithm technology in video analytics enables the examination of captured videos frame by frame, irrespective of light exposure, thereby making video analytics a reliable and efficient choice for ensuring security. Furthermore, industries such as transportation, retail, and healthcare are witnessing a significant increase in the adoption of video analytics, owing to rising application of intrusion detection, license plate recognition, crowd management, and congestion detection in these industries.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/video-analytics-market

Further key findings from the study suggest:

  • Facial recognition is expected to emerge as the fastest-growing application segment with a CAGR of 25.9% from 2017 to 2025. This can be attributed to the widening scope of facial recognition solutions for surveillance purposes at malls, events, airports, and public transport, among others
  • By type, the services segment is projected to register the highest CAGR of 24.0% for the next eight years. This can be attributed to increasing demand for and installation of video analytics solutions, which are, in turn, propelling demand for related managed and professional services
  • The cloud segment is anticipated to emerge as the most preferred deployment option for video analytics solutions as it offers flexibility and convenience, allows remote access, and provides easy maintenance
  • North America accounted for the largest share in 2016 and is driven by the presence of prominent market players who consistently work on developing new and innovative technologies in video analytics
  • The retail end-use segment is anticipated to register the highest CAGR of 25.6% over the forecast period.  This may be attributed to the use of video analytics in applications such as people counting, display and promotion effectiveness, product placement and store layout, and customer preference pattern analysis
  • Asia Pacific is expected to experience the highest growth from 2017 to 2025, driven by emerging economies such as India and China. These nations are expected to augment their expenditure on intelligent and security surveillance systems
  • Key industry participants include Cisco Systems, Inc.; Axis Communications AB; Bosch Security Systems GmbH; Agent Video Intelligence Ltd.; Honeywell International Inc.; IBM Corporation; AllGoVision Technologies Pvt. Ltd.; Genetec Inc.; Aventura Inc.; and i2v System Pvt. Ltd.

Web Hosting Services Market Size Worth $171.4 Billion By 2027

The global web hosting services market size is expected to reach USD 171.4 billion by 2027, registering a compound annual growth rate (CAGR) of 15.5% over the forecast period, according to a new study by Grand View Research, Inc. The rapidly growing adoption of smartphones, coupled with the increasing internet penetration rate is anticipated to boost the market growth. The growing number of websites has also contributed to the growth of the market.

The rising number of small and medium enterprises is one of the significant growth contributors. These enterprises use web hosting services to increase their presence over the internet. The shift in the customer buying behavior from brick and mortar stores to online channels has made organizations develop and expand their online presence. Companies all over the globe are massively investing in increasing their business presence over the online channels. Additionally, the growth in internet users, coupled with growing inclination toward online purchasing, has also resulted in increased traffic on big business websites and mobile applications, especially those engaged in e-commerce activities. Therefore, these large-scale enterprises opt for private servers to host their website. Private servers enable these companies to effectively manage their heavy traffic on websites with improved security accesses.

Moreover, individuals also host their content over the internet to make it available for everyone who wants to access it. This content can be in the form of a personal website, blogs, and vlogs, among others. People access these websites or blogs to gain information or insights related to a wide variety of topics, including science, technology, medicine, environment, among several others. Although individuals are observed to be contributing less than 10% in the overall market, web hosting service providers tend to offer various plans to increase their customer base.

The market is expected to witness significant growth as a result of COVID-19 outbreak. The pandemic has resulted in increased use of websites for placing orders and hence made most of the companies to change the way business is conducted. Most of the companies have switched to doing their business online. Therefore, in the coming years, companies will focus on developing their online presence to cater to such unprecedented times. This increasing focus on conducting online business activities is expected to positively influence the market growth over the forecast period.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/web-hosting-services-market

Further key findings from the study suggest:

  • The shared hosting segment dominated the market with a share of 37.64% in 2019, attributed to the high adoption and lower cost of shared hosting plans offered by the companies
  • The public website segment held the largest share in the market owing to the growing number of small and medium businesses, especially in the e-commerce sector
  • The hybrid segment is anticipated to register a CAGR of more than 15% in 2019 owing to its benefits of an affordable cost and enhanced security
  • In 2019, small and medium enterprises accounted for the largest share in the market due to the presence large number of SMEs across the globe
  • The U.S. market is anticipated to account for the highest market share from 2020 to 2027, owing to the presence of large number of service providers in the country