Latest Report on Top 10 Mobility Technologies by MarketsandMarkets

 

According to the new market research report "Top 10 Mobility Technologies Market by Technology (Bluetooth, Wearable Technology, Mobile Augmented Reality, Wireless Gigabit, Cellular IoT, Mobile Biometric, Automotive V2X, Wireless Charging For Consumer Electronics) & Geography - Global Forecast to 2022", the market is expected to grow at a significant rate between 2016 and 2022.  This report covers the major mobility technologies such as cellular IoT, wireless gigabit, mobile augmented reality, wireless charging for consumer electronics, Bluetooth, automotive vehicle-to-everything, mobile biometric, land mobile radio, automated guided vehicle, and wearable technology, along with their market trends between 2016 and 2022.

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Browse 66 market data tables and 76 figures spread through 257 pages and in-depth TOC on “Top 10 Mobility Technologies Market - Global Forecast to 2022"

The key manufacturers of Top 10 mobility technologies market include Qualcomm Inc. (U.S.), Sierra Wireless (Canada), Apple Inc. (U.S.), Samsung Electronics Corporation Ltd. (South Korea), Nuance Communication, Inc.(U.S.), Intel Corporation (U.S.), Texas Instruments (U.S.), Atmel Corporation (U.S.),, STMicroelectronics N.V. (Switzerland), Autotalks Limited (Israel), Harris Corporation (U.S.), Motorola Solutions, Inc. (U.S.), Daifuku Co., Ltd. (Japan) and Dematic GmbH & Co. KG. (Germany).

The decreasing prices of hardware components and growing interest of large-tech companies in augmented reality are driving the growth of the mobile augmented reality market. The launch of new spectrums (frequency bands) and increasing penetration of wireless connectivity in the emerging economies are fueling the growth of the market for wireless gigabit. The rising demand for real-time traffic and incident alerts for increasing public safety contributes to the growth of the automotive V2X market.

Land mobile radio expected to hold a significant share of the mobility technologies market during the forecast period

Land mobile radio systems are gaining traction with the increasing population in urban areas and the expansion of the size and scope of public safety missions and requirements, resulting in a greater demand for the public safety spectrum to meet communication needs. Today, trunked LMR systems are common in the public safety arena because of their efficiency, as well as other advantages, including fast system access, enhanced feature sets, channel efficiency, security, and flexibility. The growth in this market is propelled by factors such as the increasing demand for inexpensive and reliable land mobile radios, growing significance of efficient critical communication operations, application of LMRs in diverse industries, and transition of communication devices from analog to digital.

Mobile biometrics largely contributes to the growth of the Top 10 mobility technologies market

The rising instances of security breaches and terrorist activities, rising crime rates, and increasing threats to public and private property as well as educational institutions have intensified the awareness about security. These days, biometric technology is used in smartphones, tablets, and other electronic devices on a large scale. This large-scale adoption of mobile biometrics has also opened up new growth avenues for the mobile commerce industry; companies are increasingly adopting this technology to secure their operations. In addition, the use of biometrics in e-passports is further driving the growth of the biometrics market for the travel and immigration segment. Fingerprint recognition is the most widely used authentication method across all the industries because of its uniqueness and consistency.

Market for mobile augmented reality likely to grow at the highest rate between 2016 and 2022

The use of mobile augmented reality (MAR) in the e-commerce and retail, gaming, and entertainment sectors is increasing. In addition, the interest of large tech companies in this technology is also rising. These factors are expected to drive the growth of the mobile augmented reality market in the coming years. The growing demand for smartphones and tablets incorporated with augmented reality apps is contributing to the growth of the market. The increasing adoption of 3D cameras to detect motion and gestures offers a major opportunity for the MAR market. However, the lack of awareness regarding AR features is a major challenge for the market. Currently, the MAR technology is used in the aerospace and defense, medical, commercial, consumer, and industrial sectors. The emergence of smartphones and its tremendous growth have made the mobile augmented reality technology accessible to every consumer. The on-going research and development is expected to create several new application areas for this technology in the future

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Best project management software insights - List released by 360Quadrants

 

Project Management Software Solutions in the Automotive Industry help in effective association across departments and better decision making processes. The software offers easy, cross-location teamwork and interaction amongst project members and investors in a central web-based project management system. It allows automobile professionals to check on the project progress at any time and from any location. Project Managers can input their tasks centrally in one system. The central system also shows responsibilities, status, and priority as well as company-specific information which can also be accessed by the teams.

They also offer agile boards that allow automobile businesses to control and track workflows in the best way. They can also execute processes and permit easier and intuitive track. The software also provides Agile teams who usually have small development cycles. They repeat quickly to build, measure, and study with each version. With fast user response, they save time and focus on building the right things. Quality Assurance plays a huge role in the automobile industry. Project managing tools get in dedicated Quality assurance teams that work on instant issue tracking and clear communication within the team and across various divisions.

Taking ground-breaking automotive products from initiation through to design, into conception and onto the roads is most often a multifaceted set of rules, actions, calculations, and a horde of projects. A progressive and well-defined project management solution makes this process faster, easier, and more efficient, allowing teams to be more fruitful in their efforts. With project management taken care of, automobile businesses can focus on improving revenue by bringing better products, challenging expectations, and taking control of the market.

In the Construction Industry

Project Management Software in the construction industry manages the preparation, organization, and implementation of a construction project, be it agricultural, housing, commercial, official, engineering, and heavy civil, or environmental. Construction Project Management Solutions generally helps in managing complex tasks that need strong skills in communication, deep awareness of the building process, and the ability to troubleshoot.

Construction project management is a complex field, and it demands experience in several areas like finance, mediation, law, business, and more. There are numerous web, cloud, and mobile apps to reorganize communication, streamline document management, and improve efficiency in construction mgmt. Project Management solutions help the construction industry by providing work managing tools with advanced collaboration tools, by providing tools created specifically for builders and remodelers. It also offers tools designed precisely for housing construction firms and offers project management, preparation, service mgmt, document storage, accounting, and customer managing abilities. Businesses can handle all the communication for their team and subcontractors, easily sharing emails, site photos, project agendas, budgets, and timesheets.

In Chemical Industry

Project Management Tools can help the chemical and petrochemical industry, by maintaining a balance between project lead and project execution teams which otherwise can be disconnected from each other by a long distance. The software also supports the project timeline and help in managing costs by offering local project management expertise.

Project Management Software can help chemical businesses with:

1. Instrumentation and all associated services
2. Ensure steadiness and avoid uncertainties
3. Offers enhanced timeline precision
4. Enhanced processes, methodologies and tools to support competence and repeatability for risk lessening
5. Standardization offers restriction of alterations and decreases the difficulty of execution and reduces MRO costs

In the IT Industry

Project Management Software helps businesses in the IT industry in planning, organizing, and defining responsibility for the conclusion of a company’s specific information technology (IT) goals. The project management systems supervise IT projects for software development, hardware systems, network updates, cloud computing, and virtualization rollouts, business analytics and data management, and other IT services.

Also, with the help of project management tools, personnel working in the information technology industry can monitor their progress, their timeline, fix their tasks better, and record their work more efficiently. These kinds of software are also helpful in resource and budget allocation. It also helps employees, managers, and teams in the IT industry with team managing goals and long-term projects, as well as organizing discrete tasks. The project management system achieves this through a variety of tools to manage workloads, monitor productivity, and allocate resources.

For Large Enterprises

1. Project Planning – This helps in mapping project tasks, allows the senior manager to decide which project to spend on, the type of additional resources to hire, and also to plan other investments to meet the project demands.
2. Documentation – Documentation helps in proper tracking of a project. It enables project managers to store the knowledge acquired throughout the entire tracking process.
3. Shared Team Calendar – A shared team calendar helps teams in organizing and scheduling meetings. A correctly harmonized calendar helps all team members by delivering timely alerts.
4. Multi-User Logins – Usually, in large organizations, project management solutions have no restriction on the number of users that it can cater to. Many users are granted different access privileges.
5. Dashboards – Precise dashboards altogether enhance project reporting. They also help users instantly recognizing the company’s KPI.
6. Project Budget Dashboard – It helps in creating a financial reporting dashboard and adding several KPIs that help project managers reflect on the project’s progress. It also helps in adding charts and graphs to the dashboard and receive real-time project updates.
7. Resource Mgmt – In any given project, it is not only important to manage a team’s time but also to manage other resources. These may include the material used in the process and meeting rooms. Resource mgmt offers a great platform in avoiding any conflicts arising due to resource shortage and enables efficient planning of resources.
8. Automatic Email Notification – This ensures that the team members email notifications of all the project related updates.
9. Gantt Charts – These charts are intuitive and they enable users to visualize in which phase of the project they are in.
10. Project Ownership – It keeps a track of the creator of the project and also of those assigned to the project.
11. Project Categorization – It allows managers to categorize projects by industry names and also by the status of the project like complete, on hold, or in progress.
12. File Sharing – This allows the team member to add information to the system which can be instantly accessed by other team members.
13. Project KPI Dashboard – This offers the quickest way to track the progress of a project. Users can also update the information found in the KPI dashboard in real-time.

Project Plans - Project management tools can have several project planning choices, such as prototypes and standards for determining who is doing what and how often. A framework for a project management plan is a reasonable entry point for every project since project leaders do not start preparing from scratch. Project guidelines may be used to identify resource allocation processes, task dependencies, and project deadlines. Planning for the worst-case situation is still superior to supposing that everything would go according to plan.

Project Schedules – Project schedules involve deadlines and targets which decide when the completion of each task of the project is anticipated. Deadlines can often be allocated to tasks and activities, based on the scope of the project. Depending on the interconnections between activities, project management systems should include features for defining milestones.

360Quadrants releases the list of theBest Medical Alert System Vendors

 
The global medical alert system market is predicted to grow from USD 5.9 billion in 2019 to USD 9.5 billion in 2025, growing at a CAGR of 7.9% during the forecast period 2020–2025. The personal emergency response systems (PERS) is majorly used by the elderly individuals who are prone to various chronic diseases, such as Alzheimer’s, dementia, diabetes, weakening of reflexes, heart diseases, and other health issues. The old aged people are more susceptible to falls, which is a major reason for severe injuries among the elderly. If not treated on time, it could lead to a disability or death. The medical alert system market is praised by hospitals, doctors, and healthcare organizations such as the American Heart Association (US) and the American Association of Retired Person (US).

• Know More :
https://www.360quadrants.com/semiconductor-and-electronics/medical-alert-system-personal-emergency-response-system

Medical alert system or PERS ensures that people are getting assistance during any emergency quickly. This system provides help for 24x7 with a press of button for many devices or through calls. These systems are usually user-friendly and are trending in the market. With help of these systems people feel safe and live freely. With this system it is also possible to add levels of safety so that based on it the quick emergency service is delivered by the vendor. There are various medical alert systems available in the market that are affordable for implementation. The system is mainly used by senior or old age people and the people who are living alone or people with disabilities in their home. The medical alert system can be chosen from the variety of options available based on the requirement. There are various trends in medical alert system like mobile-based medical alert, gps integrated system, and many more.

The best medical alert systems are used by the geriatric population or people who need special care such as to send an emergency signal to contact emergency services or caregivers. The personal emergency response systems (PERS) consists of a hardware device, monitoring platform, response center, and a caregiver. The system’s hardware consists of a console along with a transmitter for communication between the user and the monitoring response center. The response centers are majorly responsible for dispatching the emergency team soon after an emergency signal is received from the user’s end. The ecosystems comprise are givers, which can be family, friends, or any other person assigned by the user.

The Standard system consists of two different base units, a landline and a cellular line, with corresponding help buttons that are also different. The AutoAlert Philips Lifeline HomeSafe medical alert system provides automatic fall detection. It uses the same base units as the Standard system but consists of one fall detection pendant for both. 

The landline base unit is a white, wedge-shaped device with remarkably positioned buttons. On the top right side, there is a big grey reset button, while the smaller red help button is located on the lower right side of the device.  

b) Feature Design 

On the top left, there is a speaker; the microphone is placed on the bottom, and it also has power, reset, and help LED indicators. Additionally, there is a volume controller on the left side of the device. On the back, there is a prominent antenna, power & phone jacks, and a power switch. 

Overall, the base unit looks quite dated compared to the ultra-modern-looking cellular base unit, which looks similar to devices such as the Apple HomePod. Both systems offer a 32-hour backup battery and a 500-foot range.  

Philips Lifeline Fall Detection & Accessories 

a) Fall Detection 

In addition to the AutoAlert feature present in Philips Lifeline’s automatic fall detection technology, users need to pay an extra charge of USD 15 per month as an add-on. This costs 50% of the basic landline subscription. 

Though it is more expensive than most in-home systems, Philips Lifeline fall detection technology is the most reliable in the market. But it should be noted that no system is 100% accurate. 

b) Monitoring and Lockboxes 

Philips Lifeline provides affordable multiperson monitoring options. Though there is no charge for an additional Lifeline pendant, the monitoring charge is USD 10/month for the landline option and USD 12/month for the cellular option.  

Its lockbox is cost-effective and just requires a one-time payment of around USD 30. Additionally, it offers voice extension at an additional cost of USD 10/month and acts as a secondary communicator. 

c) GPS and Security 

Philips Lifeline does not offer fire and smoke monitoring and does not have a check-in service either. It does not provide wall-mounted buttons but encourages customers to wear their water-resistant help buttons at all times, including in the shower.  

To avail of GPS technology, users must opt for either the Philips Lifeline GoSafe, which is a blend of in-home and mobile systems, or the GoSafe 2, which is a standalone mobile system. These add-ons are on the more expensive side.  

Monitoring Services 

a) Response Center 

Lifeline’s emergency response center is the most skilled in the medical alert space. Its agents offer 24*7*365 support in 200 languages, which is quite impressive.  

b) Response Times 

Response times are very quick, averaging around 35 seconds. The system provides excellent audio quality, and communication by support personnel is smooth and professional. 

Philips Lifeline Cost & Contracts 

a) Fees 

The fee for the landline option is around USD 30/month, which is an average price for an in-home system. The AT&T cellular option is nearly USD 42 per month. It does not charge any device fees, and no long-term contracts are required; however, there is also no option to choose a more extended payment plan with a more affordable monthly fee. 

Installation process through a Philips technician costs around USD 100. There is also a one-time activation fee of around USD 50.  

b) Cancellation and Returns 

It offers returns within 30 days of purchase only if the device has not been activated and used. The equipment must be returned in an unused, ‘like new’ condition, with the manual and all the original packaging and accessories. Else, a cancellation fee of up to USD 50 may be charged. 

c) Setup and Installation 

Philips Lifeline comes with a user manual that explains the simple setup process. Users can also refer to the voice-guided instructions from the base unit that will explain what needs to be done as soon as the power is plugged in and the phone line is turned on.  

Overall Summary 

Lifeline is one of the best medical alert systems segment in the US. Being a super-reliable service provider, its products & services are on the more expensive side—the monthly subscription for this popular brand’s setup is steeper than that of its competitors. 

For instance, opting for automatic fall detection increases the monthly costs by up to 50%. Also, there are activation and cancellation fees that other companies generally do not charge. However, as projected, its premium equipment and professional services performed great during our tests for the Philips Lifeline HomeSafe review. 

MobileHelp 

Design & Major Features 

a) Design 

MobileHelp Classic base unit has a very distinctive look. The white device provides huge buttons that glow all the time. This makes it unmissable and easy to find, even in the dark. However, they cannot be turned off or dimmed. 

The MobileHelp Classic device has three buttons, of which the largest is the red emergency button placed on the left, while on the right, it has a smaller blue reset button. It also has a small test button in the middle, which enables users to test the equipment without calling the response center. All the buttons are surrounded by an LCD panel that displays the time and date, room temperature, cellular signal, and battery levels.  

b) Feature Design 

It has a choice of a help buttons in a white neck pendant or a black or white wristband. All of them are water-resistant and suitable for use in the shower. It has a discreet grey help button and an LED indicator.  

MobileHelp Classic has a high ring distance of 1400 feet, which is pretty good. The cellular base unit can be moved in and around the house to get a longer range. 

MobileHelp Fall Detection & Accessories 

a) Fall Detection and Tracking 

The addition of the MobileHelp fall button enables automatic fall detection and costs around USD 10/month. This also enables user activity tracking.  

Moreover, regular help and wall-mounted buttons are just USD 2/month. Therefore, multiperson monitoring is also cost-effective. 

Monitoring Services 

a) Response Times 

MobileHelp has a satisfactory response time. Generally, the live agents take up to 40 seconds to pick up—response times averaged at around 35 seconds.  

Communication with the help agents is very professional and they are pleasant to talk to, even after numerous test calls. 

MobileHelp Cost & Contracts 

a) Fees 

MobileHelp does not charge a device fee for the Classic; however, there is an activation fee of about USD 50. The monitoring service costs around USD 20/month. By selecting the quarterly, semi-annual, or annual payment plans, a user can save USD 33, USD 30, or USD 60, respectively. All these plans offer free medication reminders and free ground shipping, while the annual plan also offers a free 13th month of service. 

c) Setup and Installation 

As it is a cellular system, only the base unit needs to be plugged into a power outlet, and it will be ready to go! After running a test call, MobileHelp Connect can be set up—this is a set of online tools designed to help users and authorized caregivers, who can actively participate in the health and well-being of a user.  

Overall Summary 

Based on numerous MobileHelp reviews, it is found to offer a great medical alert system. MobileHelp Classic has the cellular option by default, permitting users to carry the system anywhere they go. The base unit has big, illuminated buttons and two-way communication with the 24*7 excellent response center. 

The major advantages of MobileHelp Classic, such as inexpensive add-ons such as multiperson monitoring and a GPS system, overshadow the cons. After a thorough examination of each feature, MobileHelp Classic is recommended for users looking for an affordable alert system.

Augmented Reality Market expected to reach $72.7 billion by 2024

 

The report "Augmented Reality Market by Offering (Hardware (Sensor, Displays & Projectors, Cameras), Software), Device Type (Head-mounted, Head-up), Application (Enterprise, Consumer, Commercial, Healthcare, Automotive), and Region - Global Forecast to 2024", is estimated to grow from USD 10.7 billion in 2019 and projected to reach USD 72.7 billion by 2024; it is expected to grow at a CAGR of 46.6% from 2019 to 2024. The healthcare sector has witnessed rapid technological advancements over the years, and various kinds of advanced imaging equipment have been introduced in the healthcare sector. The healthcare sector has one of the most important and practical applications of AR in the current market scenario.

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Major players in the augmented reality market are Google, Inc. (US), PTC, Inc. (US), Microsoft Corporation (US), Seiko Epson (Japan), Lenovo (China), Wikitude GmbH (Austria), Vuzix (US), Daqri Llc (US), Magic Leap, Inc. (US), Zugara, Inc. (US), Blippar (UK), Upskill (US), and Maxst (South Korea). Other players operating in the augmented reality market include Atheer, Inc. (US), Pristine, Inc. (US), Marxent Labs, Llc. (US), Inglobe Technologies (Italy), Meta Company (US), Augment (France), Niantic (US), Sixense Entertainment (US), Intel Corporation (US), Apple Inc. (US), Infinity Augmented Reality, Inc. (Israel), Facebook Corporation (US), Samsung Electronics Co. Ltd. (South Korea), Realwear (US), Dynabook Americas, Inc. (US), and Optinvent (France).

Browse 102 market data Tables and 46 Figures spread through 191 Pages and in-depth TOC on "Augmented Reality Market - Global Forecast to 2024"

“AR HUDs is the most attractive segment that is gaining attention in augmented reality market”

The use of AR HUDs in automobiles ensures comfort and safe driving. AR-based HUDs allow drivers to see the virtual information projected on the display. The rising demand for AR HUDs and projectors is driving the AR market. AR-based HUD technology also enables advanced driver assistance systems (ADAS) with visual warning features. The optical system of AR-based HUDs shows a realistic view of the surroundings, provides lane departure warning, assists in lane guidance control, displays information on fuel level and distance between vehicles, and indication for parking space availability in real time to the driver.

“Augmented reality market in APAC expected to grow at highest CAGR during forecast period“

The augmented reality market in Asia Pacific is expected to grow at the highest rate in sectors such as healthcare, commercial, and consumer. The increasing number of AR players in the region would boost the growth of the AR market. The high growth in commercial and consumer markets is driving the growth of the AR market in APAC. The region is an attractive market for cell phones, tablets, laptops, and television manufacturers. Companies such as Samsung and LG are based in South Korea, while Sony, Sharp, and Panasonic are based in Japan. APAC registers the highest demand for consumer electronics such as smartphones, tablets, laptops, and TVs owing to the high growth witnessed by emerging economies such as China and India, and positive growth by other APAC countries such as Taiwan, Indonesia, Singapore, and Malaysia.

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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.

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Industrial Services Market worth 35.41 Billion USD by 2023

 

According to the new market research report "Industrial Services Market by Type (Engineering and Consulting, Installation and Commissioning and Operational Improvement and Maintenance), Application (PLC, SCADA, HMI, DCS, MES, Electric Motors & Drives, Valves & Actuators, and Safety Systems), Industry, and Region - Global Forecast to 2023", the industrial services market is expected to be valued at USD 35.41 Billion by 2023, growing at a CAGR of 5.4% between 2017 and 2023. The factors that are driving the growth of this market are the growing need for operational excellence, increasing demand for maintenance as a service, and increasing equipment complexity.

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The major players operating in the industrial services market are Omron Corporation (Japan), Mitsubishi Electric (Japan), Fuji Electric (Japan), Yaskawa (Japan) Schneider Electric (France), Wood Group Mustang (US), SKF AB (Sweden), ATS Automation (Canada), INTECH Process Automation (US), and Dynamysk Automation Ltd (Canada).

Browse 66 Market Data Tables and 57 Figures spread through 161 Pages and in-depth TOC on "Industrial Services Market - Global Forecast to 2023"

“Industrial services market for operational improvement and maintenance services expected to grow at the highest CAGR during the forecast period”

The industrial services market for operational improvement and maintenance services is expected to grow at the highest CAGR between 2017 and 2023. The operational improvement and maintenance services help the end users to improve the lifecycle of the asset and reduce the downtime. Growing equipment complexity would help the market for scheduled maintenance to grow in the coming years.

“The industrial services market for the automotive industry to grow at a highest CAGR between 2017 and 2023”

Among various industries, the automotive industry accounted for the highest CAGR of the overall industrial services market between 2017 and 2023. In the automotive industry, there are processes such as welding, cleaning, and assembly, which are time-consuming and hence need to be automated. The use of micro PLC helps in monitoring the production processes, thereby reducing the time required for production and resulting in increased efficiency. The growing demand for micro and nano PLCs in the automotive industry is driving the industrial services market.

“Asia Pacific expected to lead the industrial services market between 2017 and 2023”

Asia Pacific is expected to hold the largest size of the industrial services market during the forecast period. This growth is mainly attributed to the expansion of industrial automation and related services in China, Japan, and India. With the growing trend of cloud connectivity in the APAC, industries would adopt Industrial Internet of Things (IIoT)-based remote monitoring and predictive maintenance services in this region.

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 5000 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.

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Conveyor Monitoring Market worth $254 million by 2024

 

According to the new market research report "Conveyor Monitoring Market by (Technology, Offering, Deployment Type), Conveyor Belt Monitoring, Industry (Mining, Power Generation), and Geography (North America, Europe, APAC, RoW) - Global Forecast to 2024"The conveyor monitoring market is likely to reach USD 254 million by 2024 from USD 215 million in 2019; it is estimated to record a CAGR of 3.5%. The growth of this market can be attributed to the increasing focus of companies on reducing revenue loss due to faults in conveyor belts and motors, and the rising adoption of predictive maintenance tools and techniques .

• Informational PDF Brochure :-
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Beltscan Systems Pty Ltd. (Australia), Yellowtec (Australia), Honeywell International Inc. (US), ContiTech Conveyor Belt Group (Germany),  Fenner Dunlop (Australia), PHOENIX CBS GMBH (Germany), Emerson Electric Co. (US), Bruel & Kjaer (Denmark), SKF (Sweden), and Parker Hannifin Corporation (US) are a few major players operating in the conveyor monitoring market.

Browse 32 market data Tables and 29 Figures spread through 100 Pages and in-depth TOC on "Conveyor Monitoring Market - Global Forecast to 2024"

“Conveyor belt monitoring to account for larger market share than conveyor motor monitoring”

Conventional methods of detecting failures in conveyors are unreliable, time-consuming, and labor-intensive. Conveyor belts carry tonnes of raw materials, minerals, and processed and unprocessed goods from a great distance. Conveyor belts are subject to many problems, including longitudinal cracks, damages to belt edges, belt wear and tear, belt overlapping on pulleys, cord misalignment, and insufficient belt cleaning. The productivity of companies carrying out mining activities or generating power is directly proportional to the continuous availability of conveyor belts. Monitoring the conveyor belt helps  avoid costly shutdowns by timely inspecting defects and raising the precautionary alarm in such cases.

 “Mining industries to lead conveyor monitoring market from 2019 to 2024”

Conveyor monitoring becomes crucial for processes involved in mining.  Mining sites are usually remotely located with the possibilities of having hazardous or inaccessible locations. Conveyors are commonly used in carrying raw materials or minerals for processing. The productivity of mining sites depends on the continuity of the mining process, which, in turn, directly depends on the availability of continuously working conveyors. To ensure the continuous work of conveyors, it is essential to monitor the health of the conveyor belts and conveyor motors. Conveyor monitoring equipment not only monitor the health of conveyors but also predict any potential damages or downtime so that actions can be taken beforehand. Also, conveyor monitoring ensures the safety of miners as transporting minerals from hazardous locations may prove injurious or fatal.

“APAC to be largest market for conveyor monitoring during forecast period”

APAC is anticipated to be the fastest-growing region for the conveyor monitoring market due to the technological innovation and adoption of automation technologies in various industries. The APAC region is witnessing a surge in the deployment of conveyor monitoring solutions. China and Australia, being the top mining countries, have been adopting real-time conveyor monitoring systems to increase the operational efficiency and production in the country. Conveyor monitoring solutions help miners to optimize their operating costs by predicting failure of conveyors to achieve high efficiency in production. Australia has the highest number of mining sites and activities. Mining sites in Australia have focused on mining automation that includes the use of conveyor monitoring solutions in those mining sites. Major Australian players such as Fenner Dunlop and Beltscan offer a wide range of products in conveyor monitoring. With Australia being the forerunner in the mining industry, the APAC region holds the largest market share of the conveyor monitoring market.

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Artificial Intelligence in Cybersecurity Market worth $38.2 billion by 2026

 

The report "Artificial Intelligence in Cybersecurity Market by Offering (Hardware, Software, and Service), Deployment Type, Security Type, Technology (ML, NLP, and Context-Aware), Application (IAM, DLP, and UTM), End User, and Geography- Global Forecast to 2026", is projected to reach USD 38.2 billion by 2026 from USD 8.8 billion in 2019, at the highest CAGR of 23.3%. Major drivers for the market’s growth are growing adoption of IoT and increasing number of connected devices, rising instances of cyber threat, growing concerns of data protection, and increasing vulnerability of Wi-Fi networks to security threats. Furthermore, underlying opportunities for the AI in cybersecurity market include growing need for cloud-based security solutions among SMEs, and increased use of social media for business functions. Major restraints for the market are inability of AI to stop zero-day and advanced threats, and rise in insider cyber threats. Limited number of cybersecurity and AI professionals, and lack of interoperability with existing information systems pose major challenges to the AI in cybersecurity market.

• Informational PDF Brochure :-
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=220634996

NVIDIA Corporation (US), Intel Corporation (US), Xilinx Inc. (US), Samsung Electronics Co., Ltd (South Korea), Micron Technology, Inc. (US), IBM Corporation (US), Amazon Web Services, Inc. (US), Darktrace (UK),  Cylance Inc. (US), Vectra AI, Inc. (US), ThreatMetrix Inc. (US), Securonix Inc. (US), Sift Science (US), Acalvio Technologies (US), SparkCognition Inc. (US), Palo Alto Networks Inc. (US), and Symantec Corporation (US) are a few major players in the AI in cybersecurity market

Browse 68 market data Tables and 46 Figures spread through 229 Pages and in-depth TOC on "Artificial Intelligence in Cybersecurity Market - Global Forecast to 2026"

Cloud-based deployment type for AI in cybersecurity to grow at higher CAGR during forecast period

Cloud deployment type is expected to grow at a higher rate during the forecast period. Several businesses have already moved a part of their operations to the cloud, which has led security vendors to develop cloud-based solutions as the data to be protected is on the cloud. Migrating to the cloud has benefits such as enhanced flexibility, control, and scalability. Cloud deployment significantly reduces the capital investment that is required to implement cybersecurity solutions; this is among the major reasons for the increased demand for cloud-based cybersecurity from most enterprises.

Automotive and transportation to hold largest size of AI in cybersecurity market during forecast period

Of all the types of end users, automotive and transportation to hold the largest market size of the AI in cybersecurity market during the forecast period. In the automotive industry, Big Data poses a significant problem with connected car becoming more of a gadget than a purely physical product, constantly synced and updated. It now produces huge amounts of data. Combining machine learning with Big Data analytics presents an opportunity to make sense of the huge volumes of valuable data collected from vehicles, servers, and smart mobility services. Using machine learning, patterns of “normal” behavior can serve as baselines to identify anomalies from cyber threats and policy violations to vehicle and driver irregular behaviors.

North America is major contributor for AI in cybersecurity and is expected to hold largest market size in next 5 years

North America is among the major contributors to the AI in cybersecurity market, and the US accounted for the largest share of the market in North America in 2018. The global AI in cybersecurity market is dominated by North America as the region is an early adopter of AI. North America is an early adopter of innovative technologies as banks, government agencies, and financial institutes in this region face ever-increasing challenges related to cyber threats. Therefore, advanced technologies are implemented to manage the cyber security landscape. Moreover, several cybersecurity vendors are based in this region, thereby contributing to the growth of the AI in cybersecurity market in North America.

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.

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Mr. Shelly Singh
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