Cleaning Robot Market expected to reach 4.34 Billion USD by 2023

 

According to the new research report "Cleaning Robot Market by Type, Product (Floor-cleaning robot, Lawn-cleaning robot, Pool-cleaning robot, Window-cleaning robot), Application (Residential, Commercial, Industrial, Healthcare), and Geography - Global Forecast to 2023", the cleaning robot market is expected to grow from USD 2.09 Billion in 2018 to USD 4.34 Billion by 2023, at a CAGR of 16.21% between 2018 and 2023. The growth of this market is mainly driven by factors such as penetration of automation in household appliances, rise in labor cost, and increasing safety concern.

• Informational PDF Brochure :-                                     
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=88373349

The key players in the market include iRobot (US), Neato Robotics (US), LG Electronics (South Korea), Samsung Electronics (South Korea), Ecovacs Robotics (China), Dyson (UK), Intellibot Robotics (US), Alfred Kärcher (Germany), ILIFE (China), bObsweep (Canada), Bissell Homecare (US), Miele (Germany), Cyberdyne (Japan), Vorwerk (Germany), and Monoprice (US). The key players in this market are increasingly undertaking the strategies of partnerships and collaborations, and product developments and launches to develop and introduce new technologies and products to the market.

Browse 110 market data Tables and 44 Figures spread through 129 Pages and in-depth TOC on "Cleaning Robot Market - Global Forecast to 2023"

Floor-cleaning robot expected to hold the largest share of the cleaning robot market by 2023

Floor-cleaning robot is expected to hold the largest share, on the basis of product, of the cleaning robot market by 2023; the growth of the market for this technology attributed the popularity of floor-cleaning robots in the residential sector, which has helped the floor-cleaning robot market to grow at a rapid pace. These robots are equipped with functions such as navigation control systems and sensors (distance counter, gyro, ultrasonic, laser, and bumper switches), which are specifically used to detect obstacles and prevent collisions.

Cleaning robot market for residential application expected to grow at the highest CAGR between 2018 and 2023

The cleaning robot market for the residential application is expected to grow at the highest CAGR between 2018 and 2023. Cleaning robots in the residential application are utilized to perform tasks such as mopping and cleaning. In certain countries, employing domestic workers becomes too expensive; in such cases, cleaning robots can easily undertake the task of cleaning.

APAC expected to dominate the cleaning robot market during the forecast period

The cleaning robot market in APAC is expected to grow at the highest CAGR during the forecast period. Rise in disposable income among consumers in APAC has led to the adoption of cleaning robots. The increasing adoption of cleaning robots and the influx of global players, along with the emergence of native players, are helping the market to grow. As a result, APAC holds a significant share of the overall cleaning robot market.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441

Tips for Selecting the Best Recruiting Software

 

Recruiting software is the technological platform that enables recruiters in optimizing their recruitment process. The software is used by recruitment teams in organizations for finding candidates, screening their resumes, conducting virtual interviews, and sending offer letters. Usually companies require more than a month for hiring the right candidates and sending offer letters. This process is very tedious and time consuming as it starts with the short-listing of candidates from numerous applications which are then followed by a series of interviews before finalizing candidates. Recruiting software enables ease in managing these tasks and makes it possible to hire candidates within short periods. The software increases the organizational efficiency of hiring and enhances the candidate hiring quality?.

• Know More : https://www.360quadrants.com/software/recruiting-software?&page=1

Various vendors in the market are offering recruiting software with competitive features and services. Therefore, selecting the right recruiting software can be a challenging task. The first thing you need to consider before choosing the software is that you should ensure that the software aligns well with the organization’s goals. To ease this process, let us first see the common challenges organizations face, after which we will go ahead with a few tips that will be helpful for selecting the best recruiting software. 

Common recruiting challenges faced by organizations

Organizations usually face a few major challenges in recruiting processes. To tackle these challenges, they require the recruiting software. 

Excess time for backend recruitment work: Many companies face the challenge that recruitment teams spend a high amount of time in arranging backend work. Recruiting software offers features such as candidate information database, candidate screening, arranging interview kits and their scorecards, merging duplicate profiles, searching candidates with specific keywords, and various such features. 

Lack of skilled candidate applications: To get applications from skilled candidates, recruiting software offers some special features such as creating appealing career sites which are customizable by organization, job board integration, social media recruitment, employee referral programs, extension sourcing, and various others. 

Lower interaction with candidates through emails: To overcome this challenge, recruiting software is loaded with features such as email templates, list segmentation, tracking candidate actions, reminders, and notifications. 

Hiring analytics: Organizations want to know how their teams are performing. With recruiting software, organizations can check the analytical reports showing their team productivity, hiring productivity, career site analytics, and engagement analytics. 

Tips for selecting the best Recruiting Software 

Here is a checklist that will guide you in selecting the correct software for your organization: 

Finalizing the type of recruiting software most suitable for your organization 

There are four types of recruiting software available in market that help organizations in the different stages of recruitment. They are, namely, sourcing tools, recruitment marketing platform, candidate relationship management software, and applicant tracking system. All these types have their own features. Therefore, you have to decide whether you want software that is helpful in a particular stage, or prefer software that offers all the above features in one single unit. 

Size and type of business 

This is one of the important points required to be thought about. Before selecting the software, you need to make sure that the software is compatible with the size and type of your business as large enterprises need more advanced features while small ones need a lower number of features. Similarly, enterprises, SMBs, and agencies need different features in this software. 

Flexibility and user-friendliness 

Before selecting the software, ensure that the software provides you the required features with just a few clicks. Otherwise, acquiring software with high-tech features which is complex to use will be not at all be helpful. You also need to check if the software is flexible enough to grow along with business growth so that repeated investments are not required. 

Technical assistance 

This is one of the key criteria for any software. Before going ahead with the investment, make sure that the vendor is offering complete 24x7 technical assistance and is offering periodical upgrades for your software. Check the reviews of other clients for the vendor that you intend to select. This will be very helpful. 

Integration 

In organizations, there are various other existing software. Therefore, it is important to check if the selected software is offering integration features with other software such as job boards, HRIS, etc. It is wise to select a software with open API. 

Budget 

Finalize the budget of your organization and based on that, select the vendors offering the features that are required for your organization. Many vendors offer discounts and free trials.

Heat Interface Unit Market expected to reach 591.3 Million USD by 2023

According to the new market research report on the "Heat Interface Unit Market by Component (Heat Exchangers, Controllers, Pumps, Sensors, and Valves), Product (Indirect and Direct), Application (Residential, Commercial, and Industrial), and Geography - Global Forecast to 2023", this market is expected to grow from USD 374.7 Million in 2017 to USD 591.3 Million by 2023, at a CAGR of 7.9%   between 2017 and 2023. The major factors driving the growth of the heat interface unit market include the increasing supportive regulatory and legislative framework, growing use of district heating (DH) solutions, and increased adoption of smart homes in developing nations.

• Information PDF Brochure :-
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=36022569

The report also profiles the most promising players in this market. The competitive landscape of the market presents an interesting picture where a large number of players have become a force to reckon with. The key players in this market are Armstrong Fluid Technology (Canada), Bosch (UK), Dutypoint  (UK), Honeywell (Switzerland), Kingspan (Ireland), GIACOMINI  (Italy), Docherty  (UK), Caleffi  (Italy), ALFA LAVAL (Sweden), Danfoss (Denmark), Reliance Worldwide Corporation (UK) , and Intatec  (UK).

Browse 62 market data Tables and 37 Figures spread through 131 Pages and in-depth TOC on "Heat Interface Unit Market - Global Forecast to 2023"

Heat exchangers are expected to hold the largest market size by 2023

Heat exchangers are likely to propel the heat interface unit market growth. In Indirect HIU type, two-plate heat exchangers are used. These heat exchangers keep secondary heating circuits separate from the primary heating circuits. As a result, this type of heat exchangers provide pressure break and better efficiency; hence, the growth of this market can be attributed to the growing demand for indirect HIUs from the residential, commercial, and industrial applications.

The market for the commercial application to grow at the highest CAGR during 2017–2023

The heat interface unit market for the commercial application is likely to grow at the highest CAGR during the forecast period. This growth is attributed to the need for better energy efficiency by commercial buildings, institutes, and offices.

Indirect HIUs to hold a larger share of the heat interface unit market by 2023

Indirect HIUs are expected to contribute significantly to the heat interface unit market. Owing to the better operational efficiency, the market size of indirect HIUs is larger than that of direct HIUs.  Advantages of using indirect HIUs include the clarity of primary and secondary circuits; primary and secondary circuits can be independently isolated for maintenance; and primary and secondary circuit water can be cleaned and inhibited separately. As a result, there are very few chances of pipe burst and water damage. Hence, indirect HIUs are widely used in all applications such as commercial, residential, and industrial.

The heat interface unit market in the Americas to grow at the highest CAGR during 2017–2023

The market in the Americas is expected to grow at the highest CAGR during the forecast period. The high growth can be attributed to the increasing use of energy-efficient products and government initiatives. For instance, the U.S. Green Building Council has initiated to develop an energy-efficient neighborhood by engaging district heating strategies, which will help to reduce energy use and adverse energy-related environmental effects. Through this initiation, the government is planning to incorporate a district heating system for space heating and/or water heating of new buildings (at least two buildings). As a result, at least for 80% of the construction projects, district heating solutions will be provided. These government initiatives are driving the heat interface unit market in the US.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441

European Smart Home Market worth $39.6 billion by 2025

According to the new research report, the "European Smart Home Market with COVID-19 Impact Analysis by Product (Lighting Control, Security & Access Control, HVAC Control, Home Healthcare), Software & Services (Proactive, Behavioural), and Region - Global Forecast to 2025", size is expected to grow from USD 23.2  billion in 2020 to USD 39.6  billion by 2025, at a CAGR of 11.3%. The growth of the market is driven by many factors, such as an increasing number of internet users, increasing disposable income of people in developing economies, the rising importance of home monitoring in remote locations, and the growing need for energy-saving & low carbon emission-oriented solutions. Moreover, the rapid proliferation of smartphones & smart gadgets, expansion of smart home product portfolio by a large number of players, growing concern about safety, security, and convenience among the general population will fuel the demand for smart home solutions.

• Informational PDF Brochure :-
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1290

Browse 150 market data Tables and 57 Figures spread through 245 Pages and in-depth TOC on "European Smart Home Market with COVID-19 Impact Analysis - Global Forecast to 2025"

The smart speakers market is likely to grow at a high rate during the forecast period.”

The growth of the smart speaker market is driven primarily by the increasing adoption of smart homes, high disposable income, the popular trend of personalization, and the rapid proliferation of multifunctional devices. Factors such as increasing focus of companies on enhancing customer experience and consumer preference for technologically advanced products over traditional products are expected to provide opportunities to smart speaker providers.  Further, recent developments in artificial intelligence (AI) and natural language processing (NLP) to enhance voice recognition capabilities have increased the overall demand for smart speakers in smart homes.

“The proactive type software and services segment to grow at a higher rate during the forecast period.”

Proactive type software and services facilitate the transmission of data, along with the best possible solutions, to end-users for actions to be taken after receiving the information. The proactive type enables the transfer of a larger volume of data than the behavioral type; it can provide inputs to end-users regarding effective energy usage and required actions on the physical parameters to reduce energy consumption.

Proactive solutions are more beneficial than the behavioral type as they can also send recommendation signals to end-users to take necessary actions to reduce energy consumption. Moreover, based on the user’s actions, measures to control electronic devices can be implemented. Due to these advantages, the market for proactive type software and services is expected to grow at a higher rate during the forecast period.

“The European smart home market is expected to grow at a significant rate during the forecast period.”

The drive for “green city” projects brings more energy efficiency in most EU countries. This has created a market opportunity for the manufacturers of energy-efficient smart lighting solutions. Europe would probably be the leading adopter of LED solutions. An increase in construction activities, followed by a growth in new installations of lighting fixtures and dimmers, drives the smart lighting market in this region. Moreover, some consumers and professional lighting companies are switching to LEDs. All these factors have substantially contributed to boosting the demand for smart homes in Europe.

The smart home market is currently dominated by Johnson Controls International (Ireland), United Technologies Corporation (US), Schneider Electric (France), Honeywell International, Inc. (US), and Siemens AG (Germany).

Other players operating in the smart home market are Amazon, Inc. (US), Apple Inc. (US), Google (US), ADT (US), Robert Bosch Gmbh (Germany), ASSA ABLOY (Sweden), ABB Ltd. (Switzerland), Ingersoll-Rand PLC (Ireland), ABB (Switzerland), Legrand S.A. (France), GE (US), Comcast Corp. (US), Hubbell Inc. (US), Samsung Electronics Co., Ltd. (South Korea), LG Electronics (South Korea), Sony (Japan), Control4 Corp. (US), Lutron Electronics Co. Inc. (US), Vivint (US), and Axis Communication AB (Sweden), among others. Almost all companies, including key players, have adopted a few major strategies such as product developments and launches, mergers and acquisitions, and partnerships and collaborations to grow in the smart home market.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441

Types of Recruiting Software: Enterprise, SMB, and Agency

 

Recruiting Software is a subset of human resource management that helps companies manage their recruitment processes completely. The software easily manages candidate search and recruitment until their onboarding. The software posts jobs, shortlists resumes, and goes ahead with the interview process. With this high level of automation, there is no need for any paperwork. The major benefits of using the recruiting software are that it saves the time needed for performing recurring tasks, enhances recruiting productivity, and comes with AI-based recruiting software that performs a precise evaluation of candidates. 

• Know More : https://www.360quadrants.com/software/recruiting-software

Recruiting Software is available in the market with varied features and types. However, there are different types of buyers and businesses that need this software for managing their recruitment process. There are three main types of buyers: Enterprise, SMB, and Agency. The requirements and expectations from software of all these buyers are different. Let us see how to get the desired software based on the type of buyer you are. 

The software comes with multiple features, out of which, cloud-based software is found to be more configurable as per the requirements of clients. The basic features of recruiting software are common for all types of buyers, but few features differ when the search is narrowed down to a specific buyer. 

Recruiting Software for Enterprise 

Enterprises usually have their own HRM system. They need huge amounts of collaboration when selecting any candidate for a vacancy that they may have. Therefore, the recruiting software for enterprises must be able to integrate with the existing systems of enterprises and offer features like candidate information sharing and feedback. The software widely used by enterprises provides integration with the company website so that job openings can be posted on the career page and employee referral programs and internal selection of candidates is also made possible. Few vendors offering recruiting software for enterprise are Workday HCM, SmartRecruiters, Zoho Recruit, CATS, and Ceipal TalentHire. 

Recruiting Software for SMB 

Small and medium businesses are not well-established and need a solution that can automate the recruitment process at an affordable cost. Such companies require a solution that can be easily integrated with existing data in order to boost efficiency. SMBs also look for software vendors that offer a free version with a limited number of features. However, companies upgrade the free version as they grow. Few vendors offering recruiting software for SMBs are Workable, PCRecruiter, iSmartRecruit, Oorwin, and Vincere. 

Recruiting Software for Agency 

Recruiting Software used by agencies have similar features to enterprise recruiting software. Since agencies work with various other enterprises as well as individuals, they need features like email integration, data management, drag & drop, advanced filters, and timesheets. Software with CRM integration is preferred among agencies. Few vendors offering recruiting software for agencies are Bullhorn, Jobsoid, Recruiterflow, LinkedIn, and Recooty. 

List of Recruiting Software based on type of buyer 

For making the best out of the software, it is important to select a software based on the type of buyer you are. The above list features a few top vendors categorized by buyer type. You can also go through the 360Quadrants website to get a list of other top vendors offering Recruiting Software. 

Suggested Read: Recruiting Software and lockdown tips for recruiters 

ABOUT 360QUADRANTS  

360Quadrants is the largest marketplace looking to disrupt USD 3.7 trillion of technology spends and is the only rating platform for vendors in the technology space. The platform provides users access to unbiased information that helps them make qualified business decisions. It facilitates deeper insight using direct engagement with 650+ industry experts and analysts and allows buyers to discuss their requirements with 7500 vendors. Companies get to win ideal new customers, customize their quadrants, decide key parameters, and position themselves strategically in a niche space, to be consumed by giants and startups alike. Experts get to grow their brand and increase their thought leadership. The platform targets the building of a social network that links industry experts with companies worldwide. The platform has around 400 total buyers across various markets.  

360Quadrants will also be launching quadrants in fields like Onboarding Software, Human Resource Software, and Employee Scheduling Software. 

Contact:  
Mr. Agney Sugla  
agney@marketsandmarkets.com  
630 Dundee Road, Suite 430  
Northbrook, IL 60062  
USA: +1-888-600-6441

Swarm Intelligence Market worth 447.2 Million USD by 2030

 

According to the new market research report on the "Swarm Intelligence Market by Model, Capability (Clustering, Routing, Scheduling, and Optimization), Application (Robotics, Drones, and Human Swarming), and Geography - Global Forecast to 2030" , themarket is expected to be valued at USD 447.2 Million by 2030, growing at a CAGR of 40.47% from 2020 to 2030, considering the technology will get commercialized by 2020. The major factors driving the growth of the swarm intelligence market are increase in the usage of swarm intelligence for solving big data problems, the rising adoption of swarm-based drones in the military, and need for swarm intelligence in the transportation business.

• Informational PDF Brochure :-
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=149256760

The report profiles the most promising players in this market. The key players in this market are DoBots (Netherlands), Hydromea (Switzerland), Sentien Robotics (US), Unanimous A.I. (US), AxonAI (US), Swarm Technology (US), SSI Schäfer - Fritz Schäfer (Germany), Valutico (Austria), Enswarm (UK), and Power-Blox (Switzerland).

Browse 41 Market Data Tables and 18 Figures spread through 82 Pages and in-depth TOC on "Swarm Intelligence Market - Global Forecast to 2030"

Particle Swarm Optimization (PSO) model would lead swarm intelligence market during forecast period

Particle Swarm Optimization is inspired by the social foraging behavior of some animals, such as the flocking behavior of birds and the schooling behavior of fish. The goal of the algorithm is to have all the particles locate the optima in a multidimensional space, initially assigned with random position and random velocity, gradually advancing toward the local optima through the exploration and exploitation of good, known positions in space. Particle Swarm Optimization has been widely used in various areas as it is easy to implement, and is based on a simple concept and fewer parameters.

Swarm intelligence market for drones to grow at highest CAGR during forecast period

The swarm intelligence market for drones is expected to grow at a CAGR of 69.80% from 2020 to 2030. Drone swarms dozens of fixed-wing drones flying in coordinated formation could be the future of unmanned combat. Drones can be controlled from a control center; however, there may be a number of situations where drones may need to behave autonomously, requiring a level of AI that a single drone is unlikely to have the computing capacity for. Groups of drones can cover large geographic locations and carry out various, specialized tasks concurrently. Owing to these factors, their adoption would increase in the coming years.

Optimization expected to hold largest share of swarm intelligence market by 2020

Optimization is a way to solve the problem with the best combination of solutions under given constraints. These types of problems are hard to solve because of the availability of a large number of possible solutions. Swarm intelligence algorithms such as Particle Swarm Optimization and Ant Colony Optimization, and proprietary algorithms are used to find the best optimal solution among different solutions. For instance, nondeterministic polynomial time-hard (NP-hard) problems are those problems that are at least as hard as the hardest problems in NP.

Swarm intelligence market in RoW likely to grow at highest CAGR during forecast period

The growth of the swarm intelligence market in this region is mainly attributed to increasing investments in the field of UAVs and the growing procurement of UAVs by the defense sector in Latin America. Further, the governments of countries such as Brazil and Argentina would be using swarm UAVs for surveillance, law enforcement, environmental monitoring, natural disaster management, and forest fire monitoring.

Key Market Players

Major players in the market for augmented reality in healthcare and virtual reality in healthcare are Google (US), Microsoft (US), DAQRI (US), Psious (Spain), Mindmaze (Switzerland), Firsthand Technology (US), Medical Realities (UK), Atheer (US), Augmedix (US), and Oculus VR (US).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Ashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441

Augmented and Virtual Reality in Healthcare Market worth $6.5 billion by 2025

 The report "Augmented and Virtual Reality in Healthcare Market by Offering (Hardware and Software), Device Type, End User, Application (Patient Care Management, Medical Training & Education, Pharmacy Management, Surgery), and Geography – Global Forecast to 2025", is expected grow from USD 0.8 billion in 2017 to USD 6.5 billion by 2025, at a CAGR of 30.7% between 2017 and 2025. The increasing penetration of connected devices in the healthcare sector, increased investment in the AR and VR healthcare, and the growing need to reduce the healthcare cost are the major drivers for the augmented reality in healthcare and virtual reality in healthcare market.

• Informational PDF Brochure :-
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=220832469

Browse 60 market data Tables and 38 Figures spread through 144 Pages and in-depth TOC on "Augmented and Virtual Reality in Healthcare Market – Global Forecast to 2025"

Hardware to witness higher growth during the forecast period

AR and VR require several hardware components such as sensors, semiconductor components, displays & projectors, position trackers, and cameras. Sensors used in handheld display devices such as smartphones and tablets play an important role in the AR market. Global positioning system (GPS) and compass are used in mobile phones for route navigation. Camera has been an integral part of the AR market and is expected to provide optimum benefit to smartphone users in the near future. These components will drive the growth of hardware of AR and VR in healthcare during the forecast period.

Head-up displays to grow at higher CAGR during the forecast period

HMDs with respect to out-of-hospital-care and emergency medical services can be used to help casualties in mass accidents and disaster medicine. HMDs are expected to grow at a high rate in virtual reality in healthcare market owing to its widespread adoption in the healthcare industry. Major use cases of AR and VR head-mounted displays in healthcare include pre-hospital medical care, nursing care in clinical environments, and medical treatment in hospitals. Also, the use of AR smart glasses is expected to grow at a high rate to boost the augmented reality in healthcare market. The European scientists are in process of developing AR HMDs to improve the efficiency of surgical processes. The Video Optical See-Through Augmented Reality Surgical System (VOSTARS), a medical visor, is an HMD that would ease the superimposing of patient’s X-ray images in 3D unison with their anatomy.

Surgery application to witness high growth during the forecast period

Medical practitioners and patients are aware of the importance of precision in surgical procedures. Augmented reality surgery—a surgical training tool—uses technology that superimposes a computer-generated image on a surgeon’s view of the operative field. It provides a composite view of the patient’s internal organs with a computer-generated overlay that enhances the operative experience of the surgeon. Training surgeons on specific surgical procedures is hard and expensive. The high growth of the surgery application is due to the advantages of the AR and VR technologies used during the operational procedures. The use of AR and VR can help surgeons to perform surgeries more efficiently.

AR and VR market for healthcare in APAC is expected to grow at the fastest rate during the forecast period

Being an emerging economy, APAC is witnessing major changes pertaining to the adoption of new technologies and advancements. The region also witnesses an increasing adoption of the latest technologies due to the presence of most of the electronics and display panel manufacturers in the region. Fitness management, patient care management, and pharmacy management are expected to contribute substantially to the growth of the AR and VR in healthcare market in APAC. These applications offer a huge potential for the AR and VR in healthcare market players to grow due to the increasing awareness among healthcare providers and the rising adoption of new technologies in various industries— especially in countries such as Japan, China, India, and South Korea. The increasing number of players in the region would boost the growth of the AR and VR in healthcare market.

Key Market Players

Major players in the market for augmented reality in healthcare and virtual reality in healthcare are Google (US), Microsoft (US), DAQRI (US), Psious (Spain), Mindmaze (Switzerland), Firsthand Technology (US), Medical Realities (UK), Atheer (US), Augmedix (US), and Oculus VR (US).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Ashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441