The Smart Home Market is Booming: Here's What You Need to Know, worth $138.9 billion by 2026

 

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The most significant factors driving the growth of the smart home market is the increasing importance of home monitoring in remote locations and growing concern in regard to safety, security and convenience among general population, the increasing number of internet users and growing adoption of smart devices along with growing need for energy-saving and low carbon emission-oriented solutions has been crucial for increased demand of smart home systems.

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Key Findings of the Global Smart Home Market:

1. Johnson Controls, the global leader for smart and sustainable buildings, launched a new flexible service suite for its customers in Asia Pacific. The new service suite leverages Johnson Controls OpenBlue1 digital technology to power remote and contactless services, in combination with its 130-years of expertise in green building services, with more than 20 unique, customizable options to cater to rising demands for adaptable, healthier, and safer buildings.

2. Apple collaborated with Gallaudet University to foster innovation in education. By virtue of this collaboration, every student and faculty member was equipped with a new iPad Pro, Apple Pencil, and Smart Keyboard Folio. Moreover, Apple gives students opportunities in technology after they graduate from Gallaudet.

3. Siemens Smart Infrastructure (SI) launched its new RDG200 thermostat range for a healthy and productive indoor climate. Room automation is key for protecting and enhancing the occupants' health as well as increasing productivity for a safe return to work.

What are the Driving Factors of Evolution of technologies and consolidation of Smart Home Market?

The global smart home market is projected to grow from USD 84.5 billion in 2021 to USD 138.9 billion by 2026; it is expected to grow at a CAGR of 10.4% from 2021 to 2026.

 

The smart furniture to register the highest CAGR during the forecast period market growth.

The market for smart furniture is expected to grow at the highest CAGR during the forecast period. The shifting trend of the adoption of furniture that can be connected to IoT, coupled with increasing disposable income and changing lifestyle, is expected to contribute to the growth of the market.

Smart Home Market by Top Companies Profiles:
Indirect sales channel to hold the largest share of smart home market during forecast period.

Indirect sales channels or third-party service providers hold a major share of the smart home market. Most players in the market have strong sales channels and distribution networks to provide services to end users. Indirect sales channels involve the sale of smart devices and products through both online and offline modes. Offline sales channel comprises third-party cellular network carriers, wholesalers, retailers, and value-added resellers.

Major players in the smart home market are Honeywell (US), Siemens (Germany), Johnson Controls (Ireland), Schneider Electric (France), ASSA ABLOY (Sweden), Amazon (US), Apple (US), ADT (US), ABB (Switzerland), Robert Bosch (Germany), Sony (Japan), Samsung Electronics (South Korea), Crestron Electronics (US), LG Electronics (South Korea), and Legrand (France). Apart from these, ,Ooma (US), Delta Controls (Canada), Control4 (US), Axis Communications (Sweden), Comcast (US), Smarthome (US), SimpliSafe (US), Armorax (US), Canary (US), and Lutron (US). The top players have adopted merger & acquisition, partnership, collaboration, and product launch strategies to grow in the global precision farming market.

Regional Insight by Marketsandmarkets^TM Research:
Asia Pacific to register higher CAGR during the forecast period

The market in APAC is expected to grow at the highest CAGR during the forecast period. The growing inclination toward smart building infrastructure in developing economies of the region, such as Japan, South Korea, and China, a huge customer base, and rapid technological advancements in smart home products are driving the development of the market in APAC. Moreover, in developed countries, including Japan and South Korea, government initiatives such as net-zero homes are driving the smart home market.

Regions & Countries Covered:

North America - (U.S., Canada, Mexico)

Europe - (U.K., France, Germany, Italy, Spain, Rest of Europe)

Asia Pacific - (China, Japan, India, South Korea, South East Asia, Rest Of Asia Pacific)

Latin America - (Brazil, Argentina, Rest Of Latin America)

The Middle East & Africa - (GCC Countries, South Africa, Rest Of the Middle East & Africa)

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

 

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

 

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com
or follow us on Twitter, LinkedIn and Facebook.

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

Digital Signage Market growth development worth $27.8 Billion USD, at a (CAGR) of 11.2% by 2026

 

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The key drivers fuelling the growth of this market include the growing adoption of digital signage in commercial applications, increasing infrastructure developments in emerging countries, surging demand for 4K & 8K resolution displays, and ongoing technological advancements in displays.

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Key Findings of the Global Digital Signage Market:

1. Sharp launched the new massive 8K Ultra-HD professional LCD. The new display packs in 33 million pixels and employs a wide color gamut color filter and optimized LED backlight phosphors. This helps the display to deliver brilliant clarity and reproduce improved gradations of red, blue, and green in the pixels.

2. Panasonic commercially launched its new transparent OLED display module, which boasts of high image visibility. The 55-inch display module uses a self-illuminating transparent OLED display panel that does not require a backlight.

3. BrightSign announced its partnership with NEC Display Solutions to deliver integrated digital signage solutions for large-format displays. This includes the full range of NEC MultiSync V Series large-format displays integrated with BrightSign OPS digital signage media player.

What are the Driving Factors of Evolution of technologies and consolidation of Digital Signage Market?

The global Digital Signage Market size is expected to grow from USD 16.3 billion in 2021 to USD 27.8 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 11.2% from 2021 to 2026.

The indoor installation segment to hold the largest market share in 2026

Indoor signage has witnessed significant demand in healthcare, education, corporate and broadcast, and retail applications. The demand for indoor signage in these applications mainly stems from the ongoing adoption of immersive and highly interactive display technologies.

Additionally, the rapid adoption of self-service kiosks, which allow customers in retail applications to browse digital products and make purchases, is further driving the growth of the market for indoor digital signage. Indoor digital signage products, such as interactive digital screens, influence customers’ purchase decisions.

Digital Signage Marketby Top Companies Profiles:
The software segment to register higher CAGR during the forecast period market growth

The higher frequency of purchases and subscriptions associated with digital signage software due to various useful benefits offered by it complemented with the low purchasing frequency of hardware devices due to their long operational life is another major factor contributing to the growth of the software segment. Software licenses need to be purchased and upgraded at regular intervals, which is further expected to accelerate the market growth of software in coming years.

Major players in the digital signage market are Samsung Electronics (South Korea), LG Electronics (South Korea), Sharp Corporation (Japan), Leyard Optoelectronic (US), Sony Corporation (Japan), Barco (Belgium), Panasonic Corporation (Japan), Shanghai Goodview Electronics (China), AU Optronics (Taiwan), and BrightSign (US). The top players have adopted merger & acquisition, partnership, collaboration, and product launch strategies to grow in the global precision farming market.

Regional Insight by Marketsandmarkets^TM Research:
APAC to register higher CAGR during the forecast period

APAC is projected to lead the digital signage market from 2021 to 2026. Increasing adoption of the Internet of Things (IoT) and technologies that enable digital transformation across various sectors such as commercial, institutional, infrastructure, and industrial has fueled the demand for digital signage in APAC. In addition, strong economic growth, rise in consumerism, growth in the standards of living, increase in disposable income, high technological advancements, growth of retail space, and changes in lifestyles have accelerated the adoption of strong and reliable advertising media in the countries of the region.

Regions & Countries Covered:

North America - (U.S., Canada, Mexico)

Europe - (U.K., France, Germany, Italy, Spain, Rest of Europe)

Asia Pacific - (China, Japan, India, South Korea, South East Asia, Rest Of Asia Pacific)

Latin America - (Brazil, Argentina, Rest Of Latin America)

The Middle East & Africa - (GCC Countries, South Africa, Rest Of the Middle East & Africa)

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

 

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

 

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com
or follow us on Twitter, LinkedIn and Facebook.

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

 

Structured Cabling Market Opportunity - Forecast Analysis worth $15.0 billion

 

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The growth of the structured cabling market can also be attributed to the spurring communication infrastructure and rising emergency of smart cities. Also, The surging adoption of IoT, and spurring communication infrastructure are the key factors driving market growth.

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Key Findings of the Global Structured Cabling Market:

1. Panduit Corp. launched RapidID Network Mapping System, an offering designed to reduce the time and cost of patch cord documentation by up to 50%. It is a software-enabled network mapping system for smart, scalable, and efficient connectivity solutions.

2. Nexans unveiled its MobiwayUn’Reel solution, which makes cable installation simpler, smarter, more cost-effective, and secure across a range of different low and medium-voltage cables.

What are the Driving Factors of Evolution of technologies and consolidation of Structured Cabling Market?

The global Structured cabling market size is estimated to be USD 11.7 billion in 2022 and is projected to reach 15.0 billion by 2025, at a CAGR of 5.1% during the forecast period.

The software segment is projected to grow at the highest CAGR during the forecast period market growth

The software segment is expected to exhibit the highest growth due to advancements in technologies. Additionally, the growth is due to the increasing complexity of the network infrastructures. Thus, companies prefer software solutions to design a virtual network infrastructure and check for proper voice and data flow in that network connection.

Structured Cabling Market by Top Companies Profiles:
Category 6A cable type expected to hold largest share of structured cabling market in 2022

In 2022, the Category 6 cable type is expected to hold the largest share in the structured cabling market. This cable is defined in TIA/EIA-568-B and provides significant improvements in performance over category 5 and category 5e. Category 6 cables can support speeds of up to 10 Gbps, provide bandwidth up to 250 MHz but can only do so for up to 55 meters, which makes them relatively long Ethernet cables.

CommScope Holding Company, Inc. (US), Corning Incorporated (US), Legrand (France), Nexans (France), Panduit Corp. (US), Belden Inc. (US), R&M (Switzerland), Furukawa Electric Co., Ltd. (Japan), Schneider Electric (France), The Siemon Company (US) are some of the key players in the structured cabling market.

Regional Insight by Marketsandmarkets^TM Research:
Asia Pacific to register higher CAGR during the forecast period

APAC is expected to register the highest growth in the structured cabling market during the forecast period. China, South Korea, Japan, and the Rest of APAC are covered under the structured cabling market analysis of APAC. The increasing number of new data centers and the growing investments in telecommunication network infrastructure have been contributing to the growth of the structured cabling market in this region.

Regions & Countries Covered:

North America - (U.S., Canada, Mexico)

Europe - (U.K., France, Germany, Italy, Spain, Rest of Europe)

Asia Pacific - (China, Japan, India, South Korea, South East Asia, Rest Of Asia Pacific)

Latin America - (Brazil, Argentina, Rest Of Latin America)

The Middle East & Africa - (GCC Countries, South Africa, Rest Of the Middle East & Africa)

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

 

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

 

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com
or follow us on Twitter, LinkedIn and Facebook.

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

 

Augmented Reality and Virtual Reality Market opportunities worth $114.5 billion over technologies and growing digitization

 

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The key factors fuelling the growth of this market include increasing application of AR devices in healthcare, increasing demand of AR in retail and e-commerce post pandemic, rising investments in AR and VR market, partnerships between telecom players and AR manufacturers to reduce latency to imperceptible levels, rise in demand for AR in architecture, increasing demand for VR in training and education, high growth of AR and VR in travel, tourism and enterprise applications.

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Key Findings of the Global Augmented Reality and Virtual Reality Market:

1. HTC Vive announced Viveverse, a cross-platform metaverse, which is an open source VR metaverse composed of various interactive worlds, apps, games. It enables the users to travel between various platforms like Vive Sync and Engage.

2. Sony enhanced its already existing product – VR headset – PSVR headset. Sony claimed to develop a PSVR headset for better experience of virtual reality in PlayStation as the PSVR headset will connect directly into PlayStation 5 console.

What are the Driving Factors of Evolution of technologies and consolidation of Augmented Reality and Virtual Reality Market?

The Augmented Reality and Virtual Reality Market is projected to grow from USD 37.0 billion in 2022 to USD 114.5 billion by 2027; it is expected to grow at a CAGR of 25.3%

Head-mounted displays contribute for maximum market share for AR and gesture tracking devices comprise a maximum market share

For device type segment of AR and VR market, The AR market for head-mounted displays is anticipated to be contributing to maximum market share at a faster growth rate during the forecast period. The use of HUDs in the automotive sector is expected to boost the growth of the AR market for HUDs.

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Augmented Reality and Virtual Reality Market by Top Companies Profiles:
Hardware market for AR and VR is expected to grow more than the software market in the forecast period.

For the offering type segmentation of AR and VR market, the market offers software as well as hardware in both AR and VR market. The market for hardware devices is currently limited. However, it is expected to witness a higher growth rate than the software market owing to the increasing adoption of AR and VR hardware devices. Increasing penetration of AR software solutions and their compatibility with existing hardware devices are expected to drive the growth of the AR and VR market for software during the forecast period.

Major players in the augmented reality and virtual reality market are Google (US), Microsoft (US), Sony Corporation (Japan), Samsung Electronics (South Korea), HTC (Taiwan), Apple Inc., (US), PTC Inc., (US), Seiko Epson (Japan), Oculus VR (by Facebook (US)), Lenovo (China) are the key players in the global AR and VR market. These players are increasingly undertaking strategies such as product launches and development, expansions, partnerships, contracts, and acquisitions to increase their market share.

Regional Insight by Marketsandmarkets^TM Research:
Asia Pacific to register higher CAGR during the forecast period

The maximum market share of the AR market is contributed by North America, with a maximum market share during the forecast period. Even though the AR market are developed in North America, the expected growth rate is lesser than the other regions such as Asia Pacific, which has the highest growth rate during the forecast period, the reason being that the market is already developed in this region, hence, stagnating growth up to a certain extent. For VR market, Asia Pacific region has the largest share in the market in 2021 as well as it is also the fastest-growing region for VR market during the forecast period with the highest growth rate. Several start-ups in the US, Germany, Canada, France, the UK, and India have focused on the upcoming trends in AR and VR services and trends such as virtual training, virtual try-ons for clothing, jewelry, make-up, virtual furniture shopping, Heads-up display in automobile industry; which led to growth in the AR devices and apps in the industry as a whole, which in turn, leads to growth in the AR and VR market.

Regions & Countries Covered:

North America - (U.S., Canada, Mexico)

Europe - (U.K., France, Germany, Italy, Spain, Rest of Europe)

Asia Pacific - (China, Japan, India, South Korea, South East Asia, Rest Of Asia Pacific)

Latin America - (Brazil, Argentina, Rest Of Latin America)

The Middle East & Africa - (GCC Countries, South Africa, Rest Of the Middle East & Africa)

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

 

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

 

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com
or follow us on Twitter, LinkedIn and Facebook.

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

Robotic Process Automation Market to witness the highest growth In North America Regionworth $2,467.0 million by 2022

 

Attractive Opportunity: Supercharge your Visualizations

Robotic process automation is the application of technology to configure computer software or a robot to capture and interpret existing applications for rule-based processing of transactions, manipulate data, trigger responses, and communicate with other digital systems. Robotic process automation deals with the application of smart software to carry out high-volume and repetitive tasks that usually take a lot of time for humans to accomplish, and which are typically monotonous to perform of robotic process automation market

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What are the Driving Factors of Evolution of technologies and consolidation of Robotic Process Automation Market?

The Robotic Process Automation Market is estimated to reach USD 2,467.0 million by 2022, at a CAGR of 30.14% between 2017 and 2022.

Robotic process automation market for healthcare and pharmaceuticals will likely to grow at the highest CAGR during forecast period

The robotic process automation market for the healthcare and pharmaceuticals industry is expected to grow at the highest CAGR during forecast period. The healthcare and pharmaceuticals industry is highly information-dependent, as it involves medical records of patients, credentials of patients, information on claims processing, revenue cycle management, etc. In this regard, robotic process automation not only helps reduce operational costs but also ensures greater accuracy. The interactive solutions offered by robotic process automationhelp efficiently manage data, reduce medical transportation costs, lower appointment scheduling errors, and so on.

Robotic Process Automation Marketby Top Companies Profiles:
Hardware market for AR and VR is expected to grow more than the software market in the forecast period.

The robotic process automation market for North America held the largest market size in 2018 and is expected to dominate the market during forecasted period. In the US, BFSI has been leveraging robotics process automation to improve business processes since 2010. Due to the high degree of flexibility and scalability of the solution, as well as greater data processing and workflow management capabilities, there is widespread deployment of robotic process automation in the BFSI space.

Major players in the robotic process automation marketare Nice Systems Ltd. (Israel), Automation Anywhere (US), Blue Prism Group Plc (UK), Celaton Ltd. (UK), IPSoft, Inc. (US), Pegasystems Inc. (US), Redwood Software (US), UiPath SRL (UK), Verint Systems Inc. (US), and Xerox Corporation (US) are few dominant players in the robotic process automation market.

Robotic Process Automation MarketRegional Insight by Marketsandmarkets^TM Research:
North America is expected to dominate the robotic process automation market during forecast year

The growth of robotic process automation in Canada is driven by the ramp-up of the banking and financial industry. Human resource outsourcing, business process outsourcing, and contact center outsourcing have seen tremendous growth in Canada in recent times. The growth of the RPA market in Mexico is driven by the booming manufacturing industry. New factories and manufacturing units are being built in Mexico, requiring proper supply chain management to be implemented to reduce costs. Inventory management, purchase order, stocking goods, and economic order quantity management require automated processes—backed by software bots.

Regions & Countries Covered:

North America - (U.S., Canada, Mexico)

Europe - (U.K., France, Germany, Italy, Spain, Rest of Europe)

Asia Pacific - (China, Japan, India, South Korea, South East Asia, Rest Of Asia Pacific)

Latin America - (Brazil, Argentina, Rest Of Latin America)

The Middle East & Africa - (GCC Countries, South Africa, Rest Of the Middle East & Africa)

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

 

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

 

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com
or follow us on Twitter, LinkedIn and Facebook.

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

Edge AI Hardware Market worth $2,716 Million Units by 2027, at a CAGR of 20.8%

 

Attractive Opportunity: Supercharge your Visualization

Key opportunities for the edge AI hardware market include the growing demand for IoT-based edge computing solutions and the rising adoption of 5G networks to bring IT and telecom together and dedicated AI processors for on-device image analytics.

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Industry Trends of the Global Edge AI hardware market:

1. Qualcomm Technologies has announced the launch of the Qualcomm AI Stack portfolio, accelerating the company’s leadership position in artificial intelligence (AI) and Connected Intelligent Edge technologies. Qualcomm AI Stack is a comprehensive AI solution and will offer OEMs and developers various intelligent devices with broad AI software access and compatibility.

2. Intel’s Habana Labs has launched second-generation AI processors for training and inferencing. In March 2022, Amphenol Corporation has expanded its SURLOK Plus Series to include 8 mm and 10.3 mm right-angle connectors, with a voltage range of 1500 VDC to meet energy storage and high-power connection and transfer requirements.

What are the Driving Factors of Evolution of technologies and consolidation of Edge AI hardware market?

The Edge AI hardware market is projected to grow from 1,056 Million Units to reach 2,716 million units by 2027; it is expected to grow at a CAGR of 20.8% during the forecast period.

Wearables in devices is expected to have highest CAGR during the forecast period

The increasing use of wearables among consumers is becoming more common as people are shifting from conventional wearables to smart and sophisticated ones. This has opened a huge opportunity for the edge AI hardware market players. Smart wearables and health trackers could further accelerate the growth of the edge AI hardware market for wearables.

Edge AI hardware market : Top Leading Companies Profiles Key Benefits For Stakeholders:
GPU is expected to have highest CAGR during the forecast period

The market for GPU is expected to grow with the highest CAGR during the forecast period. Constant research and development from companies such as NVIDIA and Intel to improve graphics quality, make it more user-friendly, and deploy computer vision algorithms is driving the market for GPU. For instance, NVIDIA introduced a new gaming GPU with Ampere architecture and 2nd generation of NVIDIA RTX™.

Major players in edge AI hardware market and analyzes their market shares. Players profiled in this report are  Apple (US), MediaTek (Taiwan), Qualcomm Technologies (US), Huawei Technologies (China), and Samsung Electronics (South Korea), Intel (US), NVIDIA (US), IBM(US), Google (US), Microsift (US), AMD (US), Micron Technology (US),  Imagination Technologies (UK), Cambricon Technologies (China), Tenstorrent (Canada), Blaize (US), General Vision (US), Mythic (US), Zero ASIC (US), Applied Brain Research (Canada), Horizon Robotics (China), CEVA (US),  Graph core (UK), SambaNova (US), Hailo (Israel), Veridify Security (US).

Edge AI hardware market - Geographical Regional Vision by Marketsandmarkets^TM
China to grow with the highest CAGR  in Asia Pacific region during the forecast period

China is the largest market for edge AI hardware in Asia Pacific. Devices such as smartphones, industrial robots, and automobiles hold a huge growth potential for the edge AI hardware market in Asia Pacific. The region is becoming a center of attraction for major investments as it holds significant business expansion opportunities. Various AI processor start-ups in China are raising funds to grow in the edge AI hardware market. For example, ThinkForce (China) raised around USD 68 million, and DeePhi (China) raised around USD 40 million.

Edge AI hardware market Report is also available for Specific Regions & Countries:

North America (US, Canada, Mexico)

Europe (Germany, France, UK, Italy, Spain, Sweden, Netherland, Turkey, Switzerland, Belgium, Rest of Europe)

Asia-Pacific (South Korea, Japan, China, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest Of APAC)

Latin America (Mexico, Colombia, Brazil, Argentina, Peru, Rest of Latin America)

Middle East and Africa (Saudi Arabia, UAE, Egypt, South Africa, Rest Of MEA)

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines.  The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

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

 

 

Interactive Display Market Detailed Analysis Announces to grow $13.2 billion by 2025,at CAGR of 8.1%

 

The report "Interactive Display Market with COVID-19 Impact Analysis, by Product (Interactive Kiosk, Whiteboard, Table, Video Wall, Monitor), Technology (LCD, LED, OLED), Panel Size, Panel Type, Vertical, and Geography - Global Forecast to 2025" The global interactive display market is expected to reach USD 13.2 billion by 2025 from USD 9.0 billion in 2020, growing at a CAGR of 8.1% from 2020 to 2025. Growing demand for interactive display panels in gamification and digital classrooms, assured return on investment (ROI) for businesses from interactive display products, decreasing prices and increasing panel size leading to high adoption of interactive display products, growing adoption of interactive displays in retail sector, and dynamic nature of interactive displays leading to an improved customer experience are the major factors driving the market growth for interactive displays.

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Browse 141 market data Tables and 68 Figures spread through 202 Pages and in-depth TOC on "Interactive Display Market with COVID-19 Impact Analysis, by Product, Technology (LCD, LED, OLED), Panel Size, Panel Type, Vertical, and Geography - Global Forecast to 2025"
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32—65” panel size segment to account for the largest share of the interactive display market during forecast period

32—65” panel size segment is expected to account for the largest share of the interactive display market during the forecast period. The market for 32—65” interactive displays is mainly driven by the demand from educational institutes, government, and corporate sector. These displays are extensively used for official presentations and trade shows. They facilitate organizations to identify target audience and make appropriate business decisions.  

Education vertical to dominate the interactive display market from 2020 to 2025

Interactive displays are extensively used in the education sector. In recent times, students desire and expect active communication that rapidly absorbs and instantaneously responds to their requirements. Education can be imparted to students with the help of interactive display products placed in public places such as reception, canteens, staff rooms, libraries, and hostels. Interactive display products in educational institutions can also act as emergency broadcast systems, that quickly alert students and staff in emergencies. Some of the products that have applications in the education sector are interactive whiteboards, touchscreen monitors, and interactive kiosks.

Europe to account for a significant share of the global interactive display market

Europe is a major market for interactive displays. The presence of many active industries and companies in the region is a major factor driving the market growth. Moreover, the growing trend of conventional broadcasters entering the interactive display market to explore growth opportunities for advertising, and the constantly growing hospitality sector in the region are the other factors that are significantly contributing to the growth of the interactive display market in Europe. The market growth in the UK and Germany can be attributed to the growing demand for interactive displays in healthcare, hospitality, transportation, and banking and financial service verticals. Moreover, the transportation, and retail & hospitality industries are expected to provide growth opportunities for market players in France.  

The report profiles key players such as Samsung Electronics (South Korea), LG Display (South Korea), NEC Corporation (Japan), Panasonic Corporation (Japan), Leyard Optoelectronic (Planar) (China), Sharp (Foxconn) (Japan), Elo Touch Solutions (US), Crystal Display systems (UK), ViewSonic (US), and Horizon Display (US).

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