Bank Kiosk Market by Distribution (Rural, Semi-Urban, Urban, & Metropolitan), & Geographic Analysis - Forecast to 2022

The bank kiosk market is expected to reach USD 826.7 Million by 2022, at a CAGR of 24.58% between 2016 and 2022. It registered a shipment of 11,336 units in 2015 and is expected to reach 60,071 units by 2022, at a CAGR of 26.12% during the forecast period. The base year considered for the study is 2015 and the forecast for the market size is provided for the period between 2016 and 2022. The market for hardware is expected to hold the largest share of the market during the forecast period. Among all regions, the APAC market is expected to grow at the highest rate during the forecast period.

The bank kiosk market, on the basis of offering, has been segmented into hardware, software, and services.  The market for software component is expected to grow at the highest CAGR during the forecast period, owing to the rising need for independent software purchases to make the interactive kiosk market more technologically advanced. The increasing complexity of self-service banking channels has given rise to new opportunities for setting up separate sophisticated software in the kiosk. Thus, the market for the software component is expected to grow at a higher rate than that for hardware and service.

The bank kiosk market, on the basis of type, has been segmented into single-function, multi-function, and video teller machine (VTM). Combining different functionalities in one kiosk has helped various organizations to reduce their capital expenditure on purchasing separate machines. Less capital expenditure in application development, equipment purchases, installation, and maintenance largely drives banks to adopt multi-function kiosks over single-function kiosks. Hence the market for the multi-function is expected to grow at a higher rate, followed by VTM.

On the basis of geography, the market has been segmented into Americas, Europe, APAC, and Rest of the World. The market in APAC is expected to grow at the highest CAGR during the forecast period. The market growth can be attributed to the several initiatives taken up by the governments in APAC region and many major players in the bank kiosk ecosystem, which help to increase the adoption of bank kiosk market

However, the Increasing use of mobile devices reduces the use of self service banking kiosk and high initial cost of installation are some of the major restraints for the players in the bank kiosk market.

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Key players in this market focus on strategic partnerships, acquisitions, agreements, and new product launches to increase their revenue. In September 2016, NCR Corporation launched its cloud-based developer portal, enabling financial institutions to build their own innovative digital banking applications to help meet the unique financial management needs of their customers.

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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.

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Articulated Robot Market worth 23.51 Billion USD by 2023

According to the new market research report "Articulated Robot Market by Payload (Up to 16.00 kg, 16.01–60.00 kg), Function (Handling, Welding, Dispensing, Assembly), Industry (Automotive, Electrical & Electronics, Metal & Machinery, Food & Beverages), and Geography - Global Forecast to 2023", on the articulated robot market, the market is expected to grow from USD 10.92 Billion in 2018 to USD 23.51 Billion by 2023, at a CAGR of 16.58% during the forecast period. The growth of the articulated robot market is driven by factors such as increasing growing investments for automation in various industries and growing demand from SMEs in developing countries.

Robots with payload carrying capacity of up to 16.00 kg to capture largest share of articulated robot market in 2018

Robots with payload carrying capacity of up to 16.00 kg are expected to hold the largest share of the articulated robot market in 2018 owing to increased payload capacity, work envelope, reliability, and speed, articulated robots are used in several applications, including welding, painting, assembly, packaging, palletizing, depalletizing, machine tending, sealing, gluing, cutting, cleaning, deburring, die casting, grinding, polishing, material handling, case packing, pick and place, pre-machining, and press brake tending.

Articulated robot market for metal and machinery industry to grow at high rate during forecast period

The metals and machinery industry has been among the versatile industries for automation solutions. It performs several functions ranging from small details to higher performance in complex tasks. With growing demand for machines in industries, such as agriculture, packaging, and manufacturing, for various applications, the articulated robot market for the metals and machinery industry is expected to grow at a high rate during the forecast period.

APAC to hold largest share of articulated robot market during forecast period

Among the 4 regions considered (North America, Europe, APAC, and RoW) in the report, APAC is expected to hold the largest share of the articulated robot market during the forecast period (2018–2023). Adoption of articulated robots by countries such as China, India, Japan, and South Korea for a myriad of industrial applications contribute to the growth of the articulated robot market in APAC. Also, the low cost of production enables various manufacturers to set up their manufacturing units in APAC.

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The articulated robot market is currently dominated by players such as FANUC (Japan), ABB (Switzerland), Yaskawa (Japan), KUKA (Germany), and Mitsubishi (Japan). CMA Robotics S.p.A. (Italy), Anhui Efort Intelligent Equipment (China), Precise Automation, Inc. (US), and F&P Robotics AG (Switzerland) are some of the emerging players in the articulated robot market.

About MarketsandMarkets™

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

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.

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UV Curing System Market worth $6.7 billion by 2025

The report "UV Curing System Market by Technology (Mercury Lamp, and UV LED), Type (Spot Cure, Flodd Cure & Focused Beam, and Conveyor), Pressure Type (High, Medium, and Low), Application, End-Use Vertical, and Region - Global Forecast to 2025", is projected to reach USD 6.7 billion by 2025 from USD 3.3 billion in 2020; it is expected to grow at a CAGR of 15.0% during the forecast period. Major drivers for the growth of the market are growing inclination toward eco-friendly products, greater benefits of UV curing systems than traditional curing systems; rising demand for UV LEDs due to COVID-19; and increasing adoption of UV disinfection due to COVID-19. Moreover, high-growth prospects of UV curing technology in new applications and preference for UV technologies for print label and packaging due to COVID-19 act as growth opportunities for developers of UV curing system.

The UV LED technology segment of the UV curing system market projected to grow at a high CAGR during the forecast period.

A UV LED is a technology capable of converting electrical energy into UV light. UV LED has wavelengths of less than 400 nm and features such as compactness, superior performance, and low cost. UV light-emitting diodes (LEDs) are used in a variety of applications. Earlier, UV LED had limited applications, such as curing, counterfeit, and forensic; however, due to the developments and advancements in technology, it has more applications, such as disinfection, purification, sterilization, and medical phototherapy. Recently, UV LED curing lamps have started replacing mercury lamps in a wide range of UV curing applications.

Among application, the bonding &  assembling segment projected to hold the largest share of the UV curing system market during the forecast period.

UV curing is used for the bonding and assembling application in the manufacture of LCD and touch screens. The process uses ultraviolet glue to bond the elements together. UV curing for the bonding application is highly effective on glass because of its high transparency and exceptional stability, even in harsh environmental conditions. In addition, UV curing is used for bonding materials, such as metal, glass, and plastic, as well as the assembling of printed circuit boards (PCBs). In a UV curing system, the bonding process uses UV-sensitive adhesives that cure upon exposure to energy from UV curing lamps. Bonding is a fast, flexible, long-lasting, and eco-friendly UV curing process compared with other applications. A few examples of UV curing in the bonding application, include display case construction, automotive headlamp assembly, novelty bonding, sign assembly, adhering light fixtures, and plastic package assembly.

The UV curing system market in North America projected to hold the largest share in 2019.

The North American region is the largest market for UV curing systems with the largest share of ~36% in 2019 and is expected to lead the market for a few years. North America is home to various large—scale manufacturing industries in different sectors such as automotive, medical, and electronics, and semiconductors. These sectors are witnessing significant adoption of UV curing technology to meet the increasing demand of the market and are estimated to rise in the near future. The manufacturing facilities in the region are highly automated with high precision manufacturing with minimal time required for production. The UV curing system market in North America has been further segmented into the US, Canada, and Mexico.

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Baldwin Technology (US), Dymax (US), Nordson (US), Excelitas (US), Heraeus (Germany), Phoseon (US), Honle (Germany), Ist Metz (Germany), American Ultraviolet (US), and Hanovia (UK) are a few major players in the UV curing system market.

About MarketsandMarkets™

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

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

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

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Asset Integrity Management Market worth $31.7 billion by 2023 with a growing CAGR of 8.7%

According to the new market research report "Asset Integrity Management Market by Service (RBI, RAM Study, Corrosion Management, Pipeline Integrity Management, Hazid Study, Structural Integrity Management, NDT), Industry, and Geography - Global Forecast to 2023", the asset integrity management market is expected to be valued at USD 31.7 billion by 2023, at a CAGR of 8.7% between 2017 and 2023. Factors that are driving the growth of the market include the necessity of asset integrity management in new offshore fields in deep waters; declining efficiencies of aging assets and the need for operational safety; stringent government safety regulations and quality control requirements; climatic changes affecting the operations of various industries; and declining oil and gas prices increase the demand for maintaining the asset and plant.

Corrosion management to exhibit highest growth in asset integrity management market during forecast period

The corrosion management is a step-wise process that starts with risk assessment. Risk assessment helps identify the potential damage mechanism and focus on particular assets for inspection, thus monitoring them. The risk assessment study helps make the necessary changes in the existing corrosion policy and strategy. This is followed by the inspection planning that is established on the basis of results of the risk assessment study. Inspection planning helps to plan the inspection process for the assets at frequent intervals throughout the asset life. Once prepared, the plan is implemented to measure the critical parameters and ensure corrosion control. The implemented plan also undergoes audit on frequent intervals for making improvements, if needed, in the corrosion management strategy.

Power industry to grow at highest rate for asset integrity management market during forecast period

The asset integrity management services in the power industry are used for ensuring the efficient and optimal working of power plants. Since a number of complex equipment and components are involved in the industry, the chances of their failure and unplanned shutdown also increase. An unplanned shutdown of a power plant can have disastrous effects for end-user industries and organizations. Any process industry may undergo heavy losses if the process is stalled due to disrupted power supply; similarly, a power cut for any hospital may lead to fatal events for patients. The data centers storing huge amounts of valuable data and servers need a continuous power supply for functioning and ventilation of the storage disks and processor chips. Thus, the implementation of asset integrity management services is must to keep the power plants running.

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Asset integrity management market in North America to have highest market size in 2023

In North America, oil and gas industry is one of the prominent industry owing to the existing exploration plants and refineries which have number of pipelines as well as complicated and critical equipment. In the oil and gas, pipelines carry important liquids, ranging from water to crude oil, worldwide. These pipes are prone to be affected by the internal and external environmental factors such as corrosion, cracking, and manufacturing flaws. The consequences can be disastrous in the case of leakages in the pipelines carrying fuels or any harmful gas or a chemical. Thus, various safety measures stated by the authorities are also followed at the time of manufacturing of a pipeline such as inspection through methods such as corrosion management and pipeline integrity to evaluate the welds and ensure their quality.

The major players in the asset integrity management market are SGS SA (Switzerland), Bureau Veritas SA (France), Intertek Group plc (UK), Fluor Corporation (US), Aker Solutions ASA (Norway), Applus+ Servicios Technológicos, S.L. (Spain), DNV GL AS (Norway), John Wood Group PLC (UK), Oceaneering International Inc. (US), ROSEN Swiss AG (Switzerland), and TechnipFMC plc (UK).

About MarketsandMarkets™

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

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

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

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Automated 3D printing Market worth $1,793 million by 2023

According to the new research report "Automated 3D Printing Market by Offering (Hardware, Software, and Services), Process (Material Handling, Automated Production, Part Handling, Post-Processing, and Multiprocessing), End User (Aerospace & Defense, Healthcare), and Geography - Global Forecast to 2023", The automated 3D printing market is projected to reach USD 1,793 million by 2023 from USD 196 million by 2018, at a CAGR of 55.65%. Major drivers for the market growth are the increased focus on efficiency and cost of production, growth in adoption of robotics for industrial automation, and growing need to automate post-processing. The major restraint for the market is the high cost of installation of automation equipment.

Hardware to hold largest size of automated 3D printing market during forecast period

Hardware is expected to hold the largest share for automated 3D printing market based on offering. Among the types of hardware, the adoption of robots is proving to be beneficial for the companies to achieve complete automation. The end users are introducing robots in their 3D printing processes for significant transformation in terms of increased productivity and efficiency, leading to higher levels of output, product quality, and flexibility. The robots are used to automate the 3D printing processes, and their adoption is increasing in automated 3D printing as they are easily programmable and can perform the tasks at an accelerated pace. Major companies such as Voodoo Manufacturing and Universal Robot are investing heavily on the robots.

Automated 3D printing market for multiprocessing to grow at highest CAGR during forecast period

Of all the processes, the market for multiprocessing is expected to grow at the highest CAGR during 2018–2023. The multiprocessing 3D printing leads to an increase in component functionality. It is an additive manufacturing process enhanced with the complementary processes, such as machining, cutting, dispensing, and robotic placement. This increases the adoption of automation in the 3D printing for multiprocessing.

North America to hold largest size of automated 3D printing market during forecast period

North America is expected to dominate the automated 3D printing market, with the largest share, during 2018–2023. North America has been receptive to the 3D printing procedures since its early days. The presence of the well-established 3D printing solutions providers supports the increasing the automation of 3D printing system to improve efficiency and speed. The university grants provided by the federal government to develop 3D printing labs and technologies also drive the growth of the automated 3D printing market in this region.

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Key players in the automated 3D printing market include Stratasys (Israel), ExOne(US), 3D Systems (US), Materialise (Belgium), Universal Robot (Denmark), Formlabs (US), EOS GmbH (Germany), SLM Solutions (Germany), Concept Laser (Germany), Coobx (Liechtenstein), Authentise (US), Renishaw (UK), NVBOTS (US), PostProcess Technologies (US), and DWS System (Italy).

About MarketsandMarkets™

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

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

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

Contact:

Mr. Aashish Mehra

MarketsandMarkets™ INC.

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USA: 1-888-600-6441

Cold Chain Monitoring Market with COVID-19 Impact Analysis - Global Forecast to 2025

The cold chain monitoring market size is expected to grow from USD 4.6 billion in 2020 to USD 8.2 billion by 2025 at a CAGR of 12.5% from 2020 to 2025. Increasing demand for temperature-sensitive drugs, rising demand for better food quality, intensifying need to reduce food wastage, surging demand for generic drugs owing to higher accessibility, and surging government focus on increasing the supply chain efficiency of the fast-growing pharmaceuticals sector in Europe and North America are some of the major factors driving the growth of the cold chain monitoring market.

“Cold chain monitoring market for software to grow at a higher CAGR during forecast period”

The market for software is expected to grow at a higher CAGR during the forecast period. Recently, the demand for cold chain monitoring software solutions, such as reporting, data analytics, and tracking software, has increased considerably. Software provide the ability to uninterruptedly monitor the performance of cold chains in real time and ensure adherence to guidelines set by regulatory agencies, such as the Food & Drug Administration (FDA) and the World Health Organization (WHO).    

“Cold chain monitoring market for food & beverages applications is expected to grow at highest CAGR during forecast period”

The market for food & beverages applications is expected to capture the highest CAGR during the forecast period. This growth is driven mainly by the growing demand for high-quality food products on a global scale. Additionally, with rapid urbanization in many parts of the world, there has been an increase in the number of fast-food chains, where food quality and the timely delivery of resources are of paramount importance. Furthermore, rising awareness regarding the importance of food quality, safety, and the nutritional value of food is driving the growth of the cold chain monitoring market for the food & beverages application.

“APAC to be fastest-growing cold chain monitoring market during forecast period”

APAC is expected to be the fastest-growing market for cold chain monitoring solutions. The growth of the market in APAC is driven by rising demand for high-quality food products and growing initiatives of the governments in emerging economies to bring maximum people under the modern healthcare umbrella. Additionally, increasing government funding towards logistics infrastructure development, and penetration of warehouses management systems are other major factors, which will favor the growth of the market during the forecast period. However, decline in trade and industrial activities across APAC due to the COVID-19 pandemic is likely to affect the cold chain monitoring market. This is due to the shutdown of manufacturing activities in China, South Korea, and India.

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Sensitech Inc. (US), ORBCOMM (US), Berlinger & Co. AG (Switzerland), Monnit Corporation (US), ELPRO-BUCHS AG (Switzerland), Controlant (Iceland), SecureRF Corporation (US), Savi Technology (US), Zest Labs, Inc. (US), and Infratab, Inc. (US)  are among a few major players operating in the cold chain monitoring market.

About MarketsandMarkets™

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

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

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

Contact:

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China IoT Market by Hardware & Application - Global Forecast 2022 | MarketsandMarkets

The China IoT market is expected to have a high growth potential till 2022. The total market is expected to reach USD 121.45 Billion by 2022 from USD 11.00 Billion in 2015, at a CAGR of 41.1% between 2016 and 2022. The major driving factors for the growth of the market are the growing demand for smartphones and other connecting devices, increasing internet penetration, rising trends of industrial automation, and mainstream adoption of cloud computing.

This report covers the China IoT market on the basis of hardware, software, platform, service, and application. The automotive & transportation application holds the largest share of the market on the basis of application. IoT assist states, cities, and towns across the China to meet the increasing demand for the surface transportation system. This application assists in enhanced speed monitoring, traffic counting, presence detection, headway measurement, navigation, and vehicle classification. Professional services hold the largest market size in terms of application.

The market for managed services is expected to grow at the highest CAGR during the forecast period. These services are crucial as they are directly related to customer experience and help the companies sustain their positions in the market. Managed services offer technical skills that are required to maintain and update software in the IoT ecosystem.

In the software segment, data management is the largest for IoT in China. It plays a vital role in the overall China IoT market as IoT devices produce enormous amounts of data that pose a challenge for the providers to deal with efficiently. To generate insights from the huge amount of data, organizations require data management solutions to manage structured as well as unstructured data.

In terms of hardware, the market for memory devices is expected to grow at the highest CAGR during the forecast period. As the data in IoT devices need to be constantly updated, the endurance of memory devices is an important parameter. Memory devices are increasingly being adopted in the Chino IoT with the introduction of low-power-consuming and high-performance chips. In the platform segment, the device management platform is estimated to hold the largest market size and to grow at the highest CAGR during the forecast period. The device management platform assists organizations in managing, tracking, securing, and sustaining the abundant devices that are used in the organizations.

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The China IoT includes companies for major hardware providers such as Xiaomi Inc. (China), Qualcomm Incorporated (U.S.), MediaTek Inc. (Taiwan), and Huawei Investment & Holding Co., Ltd. (China); network providers such as China Mobile Limited (Hong Kong), China Unicom (Hong Kong) Ltd. (Hong Kong), and China Telecom Corporation Limited (Beijing); and software providers such as International Business Machines (IBM) Corporation (U.S.), Microsoft Corporation (U.S.), and Alibaba Group Holding Ltd. (China). These players adopted various strategies such as new product developments, partnerships, collaborations, and business expansions to cater to the needs of this market.

About MarketsandMarkets™

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

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

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

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Autonomous Underwater Vehicle (AUV) Market by Type, Application, Technology | COVID-19 Impact Analysis

[188 Pages Report] According to MarketsandMarkets, the autonomous underwater vehicle (AUV) market (without payload) is projected to grow from USD 638 million in 2020 to USD 1,638 million by 2025; it is expected to grow at a CAGR of 20.8% from 2020 to 2025. AUVs are widely used in the oil & gas industry for oil & gas reserve exploration and pipeline monitoring applications. Increase in the capital expenditure in the offshore industry is a key driver fueling the growth of the AUV market.  

The large AUVs segment is expected to grow at the highest CAGR from 2020 to 2025.

The large AUVs segment of the AUV market is projected to grow at the highest CAGR during the forecast period. Increasing demand for large AUVs for use in military & defense and oil & gas exploration applications is fueling the growth of this segment of the market. For instance, in March 2020, MSUBS (UK) received a contract from the British Royal Navy to develop the world’s largest extra-large unmanned underwater vehicle (XLUUV), which is expected to be 100-feet in length with the capability to carry weapons. The capability of large AUVs to operate at great depths (more than 1,000 m) also make them suitable for oceanography, habitat research, and search & salvage operations.

The imaging technology segment of the AUV market is projected to grow at the highest CAGR during the forecast period.

The imaging segment of the AUV market is projected to grow at the highest CAGR during the forecast period. The growth of this segment can be attributed to the increased use of AUVs in military & defense and offshore industries. Imaging systems used in AUVs are capable of capturing pictures of the seabed and surrounding areas. The use of imaging systems in AUVs makes them suitable for habitat research, fishery study, oceanography, and archeology & exploration applications. The sub-bottom profilers used with AUVs penetrate sediments on the seafloor, allowing the detection of layers within sediments. This type of imaging is extensively used in the oil & gas industry for the exploration of oil & gas reserves.

The military & defense segment to hold the largest share of the AUV market from 2020 to 2025.

In 2020, the military and defense segment is expected to hold the largest share of the payload-mounted AUV market. Countries such as the US, Canada, France, and China are increasingly adopting AUVs for military & defense applications; this is driving the growth of the AUV market. For instance, Cellula Robotics (Canada) received a contract from the Canadian Defense Science and Technology Organization for the development of the Solus-LR long-range unmanned underwater vehicle (UUV). The design phase of this vehicle started in early 2019 that was followed by its development and factory testing. The archeology & exploration segment of the market is projected to grow at the highest CAGR during the forecast period. AUVs can be used as an important tool for underwater exploration activities to extract minerals such as cobalt, zinc, and magnesium; these minerals are used in the fabrication of smartphones, laptops, and hybrid cars, among others.

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The AUV market in APAC expected to grow at the highest CAGR during the forecast period.

The increasing adoption of advanced underwater systems in emerging economies in APAC, including China and India, is resulting in significant growth opportunities for the manufacturers of AUVs in this region. For instance, in February 2020, Kongsberg Maritime (Norway) received a contract for providing a Hugin AUV system to the Indian National Institute of Ocean Technology (NIOT). The Hugin AUV system ordered by NIOT can be operated at depths of up to 6,000 meters and is expected to be equipped with a KONGSBERG HISAS 1032 synthetic aperture sonar and EM2040 multibeam echo sounder, designed for hydrographic and seabed classification applications. India has adopted Adamya AUV with a depth rating of 1,500 m. It can be launched from submarine torpedo tubes and surface ships. Adamya AUV can be used for hydrographic surveys, underwater mine detection and countermeasure operations, and intelligence, surveillance, and reconnaissance missions.

About MarketsandMarkets™

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

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

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

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Artificial Intelligence in Supply Chain Market worth 10,110.2 million USD by 2025

According to the new research report "Artificial Intelligence in Supply Chain Market by Offering, Technology, Application (Fleet Management, Supply Chain Planning, Warehouse Management, Virtual Assistant, Freight Brokerage), End-User Industry, and Geography - Global Forecast to 2025", The artificial intelligence in supply chain market is expected to grow from USD 730.6 million in 2018 to USD 10,110.2 million by 2025, at a CAGR of 45.55% between 2018 and 2025. Major drivers for the market are the growth of big data, demand for greater visibility and transparency into supply chain data and processes, and adoption of AI for improving consumer services and their satisfaction. The major restraint for the market is the limited number of the artificial intelligent technology experts.

Software market for artificial intelligence in supply chain expected to grow at the highest CAGR during forecast period

The software market is expected to grow at the highest CAGR for artificial intelligence in supply chain by 2025. The adoption of AI-based software solutions is increasing as it has beginning to apply machine learning capabilities that can automatically detect errors and make course corrections while processing real-time data streams.

Retail end-user industry is expected to hold the largest market during the forecast period

Of all the end-use industries, the retail industry expected to hold the largest market share in the AI in supply chain, as retail enterprises are focusing on the Omni Channel retail operation to compete successfully in today’s retail environment driven by consumer behaviors such as search anywhere, shop anywhere, and deliver anywhere.

North America expected to hold the largest market share; APAC to witness the highest growth rate

North America is expected to hold the largest share and dominate the artificial intelligence in supply chain market between 2018 and 2025. North America, being technologically advanced, is a leader in the market. North America is the early adopter of the latest technology; moreover, awareness on the benefits of artificial intelligence is high in the region.  In addition, the presence of prominent AI technology providers, such as IBM (US), Google (US), Microsoft (US), NVIDIA (US), Intel (US), MetaMind (US), Tute Genomics (US), and Amazon (US), is complementing the growth of the market in this region.

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The artificial intelligence in supply chain market in Asia Pacific (APAC) is expected to grow at the highest CAGR during the forecast period. The increasing adoption of deep learning and NLP technologies for various major applications is driving the market in APAC.

About MarketsandMarkets™

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

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

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

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MarketsandMarkets™ INC.

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USA: 1-888-600-6441

Sports Technology Market worth $31.1 billion by 2024

According to the new market research report "Sports Technology Market by Technology (Device, Smart Stadium, Esports, Sports Analytics), Sports (Soccer, Baseball, Basketball, Ice Hockey, American Football/ Rugby, Tennis, Cricket, Golf, Esports), and Geography - Global Forecast to 2024", The sports technology market was valued at USD 8.9 billion in 2018 and is projected to reach USD 31.1 billion by 2024; it is expected to grow at a CAGR of 20.63% during the forecast period. The market growth can be attributed significant improvement in audience engagement, growing demand for data-driven decisions and operations, and increasing sports events, online and offline.

Wearables is the largest and the fastest growing segment in sports device market

The growth in the wearables market can be attributed to rising demand coupled with the proliferation and suitability of enhanced communications protocol and miniaturization of sensor technology. Sensors and wearable devices can be integrated into various accessories such as garments, wrist wear, shoes, and eyeglasses because of their compact size and advanced integration technologies. Wearable electronic devices find many applications in fitness and sports for monitoring parameters such as sleep, calorie consumption, heart rate, and blood pressure.

In Esports market, sponsorships and advertisements was the largest segment in 2018

Sponsorships and advertisements added millions to the esports market in 2018, and the segment is expected to add more by 2024. Sponsorship and advertisement offer a significant long-term engaging opportunity for esports organizers with their fans. The growth in the revenue addition through sponsorship and advertisement can be attributed to the increasing awareness about esports across the globe. Further, the increasing number of high prize pool events is also boosting the number of viewers and attracting top-level players, especially for offline esports tournaments. The increasing number of offline esports tournaments are creating opportunities for sponsors and advertisers to build brand awareness and customer loyalty.

APAC is expected to grow at highest CAGR during forecast period

APAC is a high potential market for sports technology, with vast opportunities for the development and implementation of new technologies. China, Japan, India, Australia, and Singapore are constructing new stadiums and redeveloping the existing ones. The emergence of new sports leagues in the region is driving the demand for smart stadium infrastructure to help maintain a competitive edge over international leagues and create new revenue streams. Sports organizations, such as Melbourne Cricket Association, Sahara Force India, Indian Premier League (IPL), New Zealand Cricket, and the Board of Control for Cricket in India (BCCI), use smart technologies for hosting major international and domestic tournaments. APAC countries are the emerging players in professional sports, with the popularity of professional leagues and tournaments in the region growing rapidly.

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Leading players in the sports technology market includes IBM (US), Ericsson (Sweden), Cisco (US),  Fujitsu (Japan), SAP (Germany), Oracle (US), NEC (Japan), LG (South Korea), Sharp (Japan), Samsung (South Korea), Fitbit (US), Apple (US), Garmin (US), Sony (Japan), Panasonic (Japan), Modern Times Group (Sweden), Activision Blizzard (US), Tencent (China), and CJ Corporation (South Korea).

About MarketsandMarkets™

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

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

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

Contact:

Mr. Aashish Mehra

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: 1-888-600-6441