Convergence of big data and artificial intelligence to revolutionize medicine industry

Artificial intelligence (AI) is an important solution that can help analyze unstructured data and produce meaningful outcomes. AI platforms can analyze unstructured data and allow physicians to scrutinize large volumes of data sets generated from electronic medical records, public databases, journal articles, provider notes, prescriptions, diagnostic images, and other sources, in a fraction and derive an optimal course of action.  “The market for artificial intelligence (AI) in medicine was valued at USD 667.1 million in 2016 and is expected to reach USD 7,988.8 million by 2022, at a CAGR of 52.68% between 2017 and 2022”, says Sachin Garg who tracks global market for Artificial Intelligence at research firm MarketsandMarkets.

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Rise of Deep learning in medicine

Image recognition, signal recognition, data mining are the major processes under deep learning. Deep learning uses artificial neural networks to learn multiple levels of data, such as text, images, and sound.  Algorithms help identify patterns from a set of unstructured data. Imaging and diagnostics, and drug discovery are some of the applications that use deep learning. There is need for advanced technology to read and interpret images (X-rays, MRIs, and CT scans) and blood and tissue reports and provide accurate and quick diagnosis for critical ailments (tumor and cancer). It will also accelerate life-saving drug discovery and precision medicines. This will drive the market for deep learning in AI in the medicine market.

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Artificial intelligence to play a major role in drug discovery

Artificial Intelligence and machine learning, in particular, makes the drug discovery process more efficient and substantially improves success at the early stages of drug development. Artificial intelligence algorithms ingest and analyze a vast amount of information and can identify potential drug candidates in lesser time. The deep learning systems can also be used for generating molecules with properties that are likely to be effective against specific diseases and without adverse side effects. Such advantages have encouraged the adoption of AI for drug discovery by various pharmaceutical and biotechnology companies.

Patient data and risk analysis expected to be the largest application in AI in medicine market

Prediction modeling based on artificial intelligence techniques creates a prediction profile or algorithm which is trained by using patient information. The model then can be deployed for the risk analysis of different patients. Predictive analytics, especially in genomics, allows physicians to identify at-risk patients and with that knowledge can advise them to take the necessary preventive measures to avoid risks.

Medical imaging & diagnostics to be the fastest growing application in AI in medicine market

Artificial intelligence systems have the ability to understand and interpret large volumes of structures and unstructured imaging data and make an informed decision based on relevant and current information. Medical imaging is one of the most common applications of artificial intelligence. A large number of AI startups raising venture capital post-January 2015 have been working in the field of imaging and diagnostics.

About MarketsandMarkets

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. 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.
M&M’s flagship competitive intelligence and market research platform, “RT” 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. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

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Industrial PC Market worth 4.73 Billion USD by 2022

According to the new market research "Industrial PC Market by Hardware (Panel Industrial PC, Rack Mount IPC, Box IPC, Embedded Box IPC, Embedded Panel IPC and DIN Rail PC), Data Storage Media, Touchscreen Technology, Sales Channel, End-User Vertical, and Geography - Global Forecast to 2022", the industrial PC market is expected to be valued at USD 4.73 Billion by 2022, growing at a CAGR of 6.2% between 2016 and 2022.

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The growth in this market can be attributed to the increasing penetration of IoT across manufacturing industries, high R&D investments by the manufacturing companies to promote the adoption of industrial PCs, rising demand for energy-efficient manufacturing operations, and growing emphasis on regulatory compliances.

“Industrial PC market for solid state data storage medium to grow at a high rate between 2016 and 2022”

Solid-state is robust data storage medium for handling shocks and vibrations in manufacturing plants. It provides high-speed data access. Apart from providing consistent and faster input/output times, solid-state data storage medium offers similar levels of endurance and data integrity as other electronic devices; hence, require lesser cooling and power than its electromechanical equivalents.

“Market for capacitive touchscreen technology-based IPCs likely to grow at a high rate in the coming years”

The market for capacitive touchscreen technology-based IPCs is likely to grow at a high rate between 2016 and 2022. This market growth can be attributed to the advantages of capacitive touchscreen technology-based IPCs over resistive touchscreen technology-based IPCs such as faster response time, higher accuracy, and no requirement for periodic calibrations, among others.

“Direct sales considered as the most preferred sales channel and likely to continue its dominance during the forecast period”

The direct sales channels offer various advantages to the industrial PC manufacturers; they cater to the customization requirements of the end-user industries and eliminate resellers’ markup and the costs and risks associated with carrying large finished goods inventories. Due to these factors, the market for direct sales channels is expected to grow at a high rate during the forecast period.

“Oil and gas industry to hold the largest share of the industrial PC market between 2016 and 2022”

The growing demand for downtime, both logistically and commercially; increasing environmental concerns such as reduction of CO2 emissions; curtailment of fossil fuels usage; and fluctuating oil prices are reshaping the production landscape of the oil and gas industry. The oil and gas companies are focusing on incorporating new technologies in their production processes to reduce costs, while maintaining ecological balance. Due to the aforementioned factors, the industrial PC market for the oil and gas is likely to grow at a significant rate during the forecast period.

“North America to dominate the industrial PC market between 2016 and 2022”

The industrial manufacturers in North America focus on adopting advanced technologies to enhance their production processes and optimize output. The growing demand for improved process flexibility and enhanced efficiency, comprehensive integration of quality and regulatory requirements, harmonized production processes for optimum supply-chain management, and constant pressure of reducing maintenance and operation costs in the discrete industries are boosting the adoption of industrial PCs in this region. Moreover, several major players are increasingly investing in the industrial PC market in North America, thereby propelling the growth of the market in this region.

The major players operating in the industrial PC market include Advantech Co., Ltd. (Taiwan), Beckhoff Automation GmbH & Co., KG (Germany), General Electric Co. (U.S.). Kontron AG (Germany), Mitsubishi Electric Corporation (Japan), OMRON Corporation(Japan), Panasonic Corporation (Japan), Rockwell Automation, Inc. (U.S.), Schneider Electric (France), and Siemens AG (Germany).

About MarketsandMarkets

MarketsandMarkets is the largest market research firm worldwide in terms of annually published
premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. 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.

M&M’s flagship competitive intelligence and market research platform, "RT" 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. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

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Human Machine Interface Market (HMI) worth 5.86 Billion USD by 2022

According to the new market research report "Human Machine Interface Market (HMI) by Offering (Hardware (Basic HMI, Advanced PC-Based HMI, Advanced Panel-Based HMI) and Software (On-Premise HMI and Cloud-Based HMI)), Configuration Type (Stand-Alone HMI and Embedded HMI) - Global Forecast to 2022", the HMI market is expected to be valued at USD 5.86 Billion by 2022, growing at a CAGR of 9.0% between 2016 and 2022. Factors such as growing adoption of industrial automation equipment in the manufacturing sector, evolution of industrial internet of things (IIoT) and growing demand for smart automation solution, and growing need of efficiency and monitoring in the manufacturing plant are the factors driving the HMI market.

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“Embedded HMI segment expected to grow at a higher rate during the forecast period”

The market for embedded HMI solution is expected to grow at a higher CAGR during the forecast period. Growing technological developments, increasing need of integrated systems, and ease in machine-to-machine (M2M) communication are some of the prominent factors expected to encourage the adoption of embedded HMI solutions during the forecast period.

“Market for cloud-based HMI to grow at the highest rate between 2016 and 2022”

The cloud-based HMIs are gaining popularity owing to the growing IIoT market and increasing demand for new technology by end-user industries. Furthermore, the cloud-based HMIs are being increasingly adopted as it provides better visibility and competitive edge over others. In cloud-based HMI solutions, service and infrastructure are provided off-site through a third-party service provider or a vendor who runs the software and manages data over internet. It is very important to deal with complex HMI systems as major end-user industries are using intelligent machines, new connected devices, and latest technology monitoring systems. Cloud-based software is creating value for adopters because of the features such as ability to connect the experts to the data from remote locations, cost-effectiveness, and high storage capability. However, the safety and security concern is still a major challenge for the adoption of cloud-based HMI solution.

“North America expected to dominate the HMI market between 2016 and 2022”

The HMI market in North America is primarily driven by the presence of a significant number of HMI solution providers and the growing high-end manufacturing activities in the region. In addition, the rising demand for embedded HMI solutions is expected to encourage the HMI market in North America. The R&D activities in the application areas of HMI are increasing owing to the encouraged adoption of IIoT and machine-to-machine communication (M2M) in various industries in this region.

The major players involved in the HMI market include ABB Ltd. (Switzerland), Advantech Co., Ltd. (Taiwan), Emersion Electric Co. (U.S.), General Electric Co. (U.S.), Honeywell International, Inc. (U.S.), Kontron AG (Germany), Mitsubishi Electric Corporation (Japan), Rockwell Automation, Inc. (U.S.), Schneider Electric SE (France), Siemens AG (Germany), and Yokogawa Electric Corporation (Japan).

About MarketsandMarkets

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. 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.

M&M’s flagship competitive intelligence and market research platform, "RT" 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. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

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Structured Cabling Market worth $13.13 Billion by 2020

According to a new market research report "Structured Cabling Market by Solution Type (Products, Services and Software), Vertical (IT & Telecommunication, Residential & Commercial, Government & Education, Transportation, Industrial and Others) and geography - Global forecast to 2020", the global structured cabling market was valued at $7.72 Billion in 2014 and is expected to reach up to $13.13 Billion by 2020, at a CAGR of 9.0% between 2015 and 2020.

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Structured cabling system can be defined as a set of cables & connectivity products that are used for the integration of various management systems to enable the transmission of voice, data, and video signals. The structured cabling market has faced its highs and lows, however has managed to register a healthy growth rate. This market is expected to witness moderate growth during the forecast period. The demand for high-speed connectivity devices & systems, trend of data center convergence, and expansion of the communication infrastructure are some of the primary factors that are contributing to the growth of this market. The extensive growth of LED lighting systems market, transition from analog to IP-based video surveillance systems, and increasing usage of FTTH/FTTP are expected to drive the market in the future.

This report provides a detailed analysis of the overall structured cabling market and segments the same based on component, application, vertical, and geography.

The objective of the research study was to analyze the market trends for each of the industries, the growth rates of the various solution types, and the demand comparison for all industry verticals. The structured cabling market has been segmented based on solution type into products, services, and software which are the crucial components of a structured cabling system which is formed by the integration of various management systems to combine the voice, data, and video signals.

Apart from the market segmentation, the report also covers the Porter’s Five Forces analysis, the market’s value chain with a detailed process flow diagram, and the market dynamics such as the drivers, restraints, and opportunities in the overall structured cabling market.

The major players in the structured cabling market have also been profiled in this report. The company profile section covers the profiles of the top 10 players in this market. It provides information about their business overview along with products & services offered, key strategies and recent developments, and the MnM view for the profiled companies.

This report profiles all the major companies involved in the structured cabling market such as CommScope, Inc. (U.S.), Nexans S.A. (France), Panduit Corp. (U.S.), Legrand (France), Corning, Inc. (U.S.), Belden, Inc. (U.S.), ABB Ltd. (Switzerland), Schneider Electric SE (France), Panduit Corp. (U.S.), and Siemon (U.S.).

About MarketsandMarkets

MarketsandMarkets is world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. 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.

M&M’s flagship competitive intelligence and market research platform, "RT" 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. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

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System in Package (SiP) Market worth $18.10 Billion by 2020

According to a new market research report "System in Package (SIP) Market by Technology (2D, 2.5D & 3D), by Type (BGA, SMT, QFP, SOP), Interconnection Technology (Flip-Chip & Wire-bond), Applications (Communications, Consumer, Automotive, Medical) and Geography (N. America, Europe, APAC & ROW) Global Trends & Forecasts to - 2014 - 2020" the total System in Package (SiP) market is expected to reach $18.10 billion by 2020, growing at a CAGR of 9.57% from 2013 to 2020.

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The advance packaging has given a rise to innovative safety systems in automotive and transportation sector which will drive the System in Package (SiP) market; for example, Local Interconnect Network (LIN) solutions within the vehicle for operating the devices was introduced by Atmel Corporation (U.S.). In the overall System in Package (SiP) market, the consumer electronics sector will be the highest revenue generator and lead the market from the demand side. Semiconductor industry has a trend of outsourcing advance packaging and testing services, in which, most of the players are from the Asia-Pacific region.

The concept of System in Package (SiP) came into major attention when increasing demands for miniaturization and higher functionality at lower cost process was introduced by advance semiconductor packaging industries. As the ICs and the major electrical component were packaged into a single module, this had increased the overall performance, reliability, and efficiency of the module.

The report’s detailed segmentations by technology, packaging type, interconnection technology, applications, and geography cover all the existing and emerging technologies in the System in Package (SiP) market. The major packaging technologies that have been extensively covered in the report are 2D, 2.5D, and 3D IC packaging; the packaging types covered are Ball Grid Array (BGA), Surface Mount Technology (SMT), Quad Flat Package (QFP), and Small Outline Package (SOP); and the interconnection technologies for packaging are flip chip and wire bond technologies.

The application segmentation of the market covers all the major applications like consumer electronics, communication, medical, industrial, automobile and transportation, and military, defense, and aerospace in detail.

One of the objectives of the research study was to analyze the market trends for each of the System in Package (SiP) technologies; and the growth rates of the various packaging type and interconnection technologies.

Apart from market segmentation, the report also includes in depth analysis like the Porter’s five force analysis, value chain with detailed process flow diagram, and market dynamics such as drivers, restraints, and opportunities for the overall System in Package (SiP) market.

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MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. M&M covers thirteen industry verticals, including advanced materials, automotives and transportation, banking and financial services, biotechnology, chemicals, consumer goods, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, and telecommunications and IT.

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Supercapacitor Market worth 2.18 Billion USD by 2022

Supercapacitor Market worth 2.18 Billion USD by 2022

According to the new report “Supercapacitor Market by Type (Double Layer, Pseudocapacitor, and Hybrid), Application (Laptop, Camera, Power Backup, Memory, UPS, Aircraft, Solid-State Disc Drives) Vertical, and Geography — Global Forecast to 2022”, the supercapacitor market is estimated to be valued at USD 568.2 million in 2015 and is expected to reach USD 2,181.2 Million by 2022 at a CAGR of 20.7 % between 2016 and 2022. Factors such as high storage capabilities, need of power conservation, high performance supercapacitors for consumer and automotive applications, and additional capabilities such as moisture resistant, light weight and low equivalent series resistance are the key drivers for supercapacitor market.

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Double layer capacitor held the largest market share in 2015 and is expected to exhibit high growth during the forecast period

Double layer capacitor is the major contributor of this market. The market for double layer capacitors is increasing rapidly. Its applications vary from portable electronics and medical devices to hefty hybrid and other transportation uses. Moreover, supercapacitor can also be used in other application such as memory, power backup, led signs, and renewable energy.

Automotive vertical expected to grow at the highest rate during the forecast period

Supercapacitors have extensive range of uses in automotive. The significance of supercapacitor is increasing owing to the growing implementation of automobiles that uses electrical systems to become more energy efficient. Battery uses more energy by losing kinetic energy while accelerating and decelerating the vehicle Thus, supercapacitors helps reduce energy usage for power break application in automotive industry use of traditional batteries in the automotive sector. The supercapacitors are used widely in the automotive for headlights, the climate control, and audio system.

APAC held the largest share of the supercapacitor market

The major tech companies such as Panasonic Corporation (Japan), Murata Manufacturing Co., Ltd. (Japan), and Nesscap Co., Ltd. (China), among others have been responsible for the dynamic growth of the supercapacitor market in APAC. China held the largest market share in APAC, in 2015. Additionally, its application in the consumer electronics and automotive vertical has fueled the market growth.

The market in APAC is expected to grow at the highest rate during the forecast period. The increasing number of businesses in APAC has increased the demand for supercapacitor.

Major players operating in the supercapacitor market include Cap-XX Limited (Australia), Panasonic Corporation (Japan), Nesscap Energy Inc. (Canada), Murata Manufacturing Co., Ltd. (Japan), Maxwell Technologies, Inc. (U.S.), Axion Power International, Inc. (U.S.), AVX Corporation (U.S.), Graphene Laboratories, Inc. (U.S.), Nippon Chemi-Con Corporation (Japan), Mouser Electronics, Inc. (U.S.), and Evans Capacitor Company (U.S.).

Pico Projector Market worth 3.44 Billion USD by 2022

According to the new market research report “Pico Projector Market by Type (Embedded, Non-embedded), Technology (DLP, LCoS, LBS), Specification (Brightness, Resolution, Power Source), Application (Consumer Electronics, Business & Education), Components, and Geography — Global Forecast to 2022”, the pico projector market was valued at USD 1.28 Billion in 2015 and is expected to reach USD 3.44 Billion by 2022, at a CAGR of 14.52% between 2016 and 2022. The factors that are driving the growth of the pico projector market include the integration of projection technologies with portable electronic devices and the development of pico projectors with superior specifications.

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“Non-embedded (standalone) pico projectors to hold the largest share of the pico projector market“

Non-embedded (standalone) pico projectors would lead the global pico projector market between 2016 and 2022. The growth of the pico projector market is driven by factors, such as ease of connectivity, high resolution output, greater display size, and improved brightness level. Moreover, some other factors such as the small-form and convenience makes the non-embedded (standalone) pico projector popular among end users.

“DLP technology market for pico projector is expected to hold the largest share, whereas LBS technology is expected to grow at the highest rate between 2016 and 2022”

Digital light processing (DLP) is a renowned projection technology pioneered by Texas Instruments, Inc. (U.S.). DLP is one of the best technologies in the field of projection engineering and is also widely adopted in pico projectors. DLP technology is being used in cinema and conventional projector, hence this technology also offers excellent results in the pico projector. Laser beam steering (LBS) is an emerging technology in the field of projection and is patented by MicroVision, Inc. (U.S.). LBS provides focus-free operation, and vivid and clear picture as compared to other technologies at equivalent brightness level.

“Asia-Pacific (APAC) is expected to lead the growth in the pico projector market between 2016 and 2022”

The growth of the pico projector market in APAC is expected owing to the huge demand of pico projectors from consumer electronics, and business and education segment. Moreover, per capita disposable income and economic activities are increasing in APAC. Many emerging companies in APAC are engaging in the development of pico projectors. Furthermore, strategies like new product launches are also driving the growth of the pico projectors in APAC.

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The major players involved in the pico projector market, include Aaxa Technologies, Inc. (U.S.), LG Electronics, Inc. (South Korea), Koninklijke Philips N.V. (Netherlands), Sony Corporation (Japan), Lenovo Group Ltd. (China), along with other emerging companies, such as RIF6, LLC (U.S.), Cremotech Co., Ltd. (Taiwan), and Celluon, Inc. (South Korea). Texas Instruments, Inc. (U.S.) and MicroVision, Inc. (U.S.) are considered as the key suppliers of the projection technology in the pico projector market.