Commercial Drone Market Will Reach $2.07 Billion By 2022: Grand View Research, Inc.

 

The global commercial drone market size is expected to reach USD 2.07 billion by 2022, according to a new report by Grand View Research, Inc. Increased utility in law enforcement and agricultural applications is expected to play a pivotal role in market growth over the forecast period. Having made their presence felt in the military sector, these Unmanned Aerial Vehicles (UAVs) have gradually gained prominence in the commercial sector and are foreseen to surpass the growth observed in the former.

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U.S. commercial drone market, by application, 2012 – 2022 (USD Million)

Prominent retailers and e-commerce players have experimented the use of drones to deliver packages to consumers in a much shorter duration as compared to the traditional delivery media. The use of drones for retail is pending government approval, particularly in the U.S. Once regulatory clearance is obtained, drones are expected to revolutionize the retail sector.

Browse full research report on Commercial Drone Market: www.grandviewresearch.com/industry-analysis/global-commercial-drones-market                      

Further key findings from the study suggest:

  • Government applications which include law enforcement, infrastructure, and research & development contributed to over 40% of the market revenue in 2014. Commercial drones have garnered importance in search and rescue missions, scientific research, and mapping. Agriculture is expected to emerge as a lucrative application sector over the forecast period. These UAVs aid farmers by taking snapshots of a vast array of fields and providing crucial data pertaining to soil and crops, thereby assisting in crop management. Use of UAVs in retail is expected to transform the industry dynamics and is foreseen to positively shape market growth.
  • Rotary blade drone accounted for over 75% of the market share in 2014. Its popularity can be attributed to the fact that it is capable of flying in every direction as well as hovering in a fixed position, which its fixed wing counterparts cannot achieve. Fixed wing drone is more suited for aerial mapping, undertaking topographic surveys, and terrain modeling of larger areas which include stockpiles & mine sites.
  • North America contributed to over 55% of the global revenue in 2014, which can be attributed to high production and increased use in law enforcement and agricultural activities. The regulatory scenario is Europe is more conducive to market growth as opposed to the U.S., which is expected to play a pivotal role in high penetration of commercial drones in Europe. Asia Pacific stands to witness high proliferation of commercial UAVs over the forecast period. Countries such as Japan and Australia have emphasized on the use of UAVs in agriculture.
  • Key market participants include Parrot SA, The Boeing Company, Textron Inc., Northrop Grumman, Lockheed Martin Corporation, Israel Aerospace Industries, General Atomics, Elbit Systems Ltd., DJI, BAE Systems PLC, and AeroVironment Inc. Strategic alliances with government agencies and collaborations with prominent technology providers are some of the strategic steps taken by market players to gain a foothold in the industry.

Browse more reports of this category by Grand View Research: www.grandviewresearch.com/industry/emerging-and-next-generation-technologies                                                                                                                                                             

Grand View Research has segmented the global commercial drone market on the basis of product, application, and region:

Commercial Drone Product Outlook (Revenue, USD Million, 2012 – 2022)

  • Fixed wing
  • Rotary blade
  • Nano
  • Hybrid

Commercial Drone Application Outlook (Revenue, USD Million, 2012 – 2022)

  • Agriculture
  • Energy
  • Government
  • Media & Entertainment
  • Others

Commercial Drone Regional Outlook (Revenue, USD Million 2012 – 2022)

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • MEA

Access Press Release By Grand View Research: www.grandviewresearch.com/press-release/commercial-drone-market                                                                                                                            

About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: www.grandviewresearch.com

 

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Improving User Experience (Ux) In Retail & E-Commerce Shopping Is Driving Mixed Reality Market

 

The global mixed reality market is expected to reach USD 6.86 billion by 2024, according to a new report conducted by Grand View Research, Inc. The surging acceptance in entertainment and automobile & aerospace designing arenas is expected to boost the market growth. The increasing acceptance in the entertainment industry, specifically in gaming and film-making, is further anticipated to bolster the market growth.

The market can be categorized on the basis of application types into automotive & aerospace, medical, entertainment, e-commerce & retail, and others. The e-commerce & retail application segment is expected to grow at a remarkable pace owing to the surging incorporation by e-tailers for goods’ promotion and advertising; for instance, in fashion houses for providing virtual product experiencing, thus delivering an enhanced appeal factor.

mixed-reality-market
North America mixed reality market revenue by application, 2015 – 2024 (USD Million)

The MR technology offers many advantages to the automotive industry, particularly in safety. For instance, Mercedes-Benz vans deploy MR to realize advanced manufacturing facilities in their van technology center through:

  • The overlay of digital crash simulation data on physical crash vehicles
    • The visualization of out-of-position and validation of flexible parts
    • Digital assembly and disassembly simulations with collision testing

Browse full research report on Mixed Reality Market: www.grandviewresearch.com/industry-analysis/mixed-reality-market                 

Further key findings from the report suggest:

  • The global mixed reality market is estimated to grow significantly over the forecast period due to the advanced technology adoption in numerous industries, leading to reduced costs of production and increased efficiency. The technological superiority of mixed reality in dynamic application arenas of large magnitude is estimated to trigger the demand by 2024.
  • The MR technology would become an essential part of the retail industry, which is expected to drive the industry growth over the forecast period. Most of the retailers would use this technology to provide their customers with an interactive experience, which gives their shopping a whole new edge. Retailers can use mixed reality in many ways, such as by including it in interactive promotions; providing accuracy in a buying process; and localizing businesses, deals, and offers.
  • North America is anticipated to mature as one of the prominent regional markets, owing to the high adoption in the automotive and aerospace designing industry coupled with the rising R&D spending. Asia Pacific is expected to witness a substantial growth over the forecast period. The surge in the demand across various application arenas is expected to spur the market demand.
  • The key industry participants include Magic Leap, META COMPANY, Alphabet Inc., HTC Corporation, Inc., and Microsoft Corporation. Magic Leap, an augmented reality company, offers a technology that projects an image on the retina of the user and allows interaction between the fictional characters and the real world.

Browse more reports of this category by Grand View Research:www.grandviewresearch.com/industry/emerging-and-next-generation-technologies                                                                                                        

Grand View Research has segmented the global mixed reality market on the basis of component type, application type, and region:

Mixed Reality Component Type Outlook (Revenue, USD Million, 2015 – 2024)

  • Hardware
  • Software

Mixed Reality Application Type Outlook (Revenue, USD Million, 2015 – 2024)

  • Automotive & Aerospace
  • Medical
  • Entertainment
  • E-commerce & Retail
  • Others

Mixed Reality Regional Outlook (Revenue, USD Million, 2015 – 2024)

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
  • Asia Pacific
    • China
    • Japan
  • South America
    • Brazil
  • Middle East & Africa

Access Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-mixed-reality-market                                                                                                                      

About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: www.grandviewresearch.com

 

Precision Farming Market Hits $10.23 Billion By 2025: Grand View Research, Inc.

 

The global precision farming market is anticipated to reach USD 10.23 billion by 2025, according to a new report by Grand View Research, Inc. Precision farming, also known as site-specific crop management or satellite farming, is a concept of farm management that uses information technology to ensure optimum health and productivity of the crops. The precision farming technique largely depends on specialized equipment, IT, and software services. Furthermore, this farming technique involves a broad range of technologies including bio-engineering, robotics & automation, imagery & sensors, and big data, as well as digitization. The adoption of site-specific crop management would reduce the cost of nitrogen fertilizers, improve crop yields, reduce the usage of pesticides, provide better farm records that are essential for sale, and provide better information for management decisions.

The growing application of telematics in agriculture is anticipated to drive the demand for precision farming over the projected period. Telematics services include tracking devices using Global Navigation Satellite System (GNSS) to show the position of the equipment for management purposes. It also offers a real-time view of the position, coolant temperature, ground speed, and the duration before which maintenance is required. Major agriculture equipment manufacturers are adopting telematics services for their equipment in order to improve farm efficiency.

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Improving the efficiency of agricultural machinery reduces the cost of agricultural operations and maximizes profitability. Additionally, good management might reduce the environmental impact. Farmers are increasingly using telematics technology to collect and manage information from their field equipment.

Telematics technology is used to capture and transfer data from the farm equipment through sensors installed on tractors and other field monitoring equipment. The increasing adoption of telematics systems by agricultural equipment companies is expected to drive the demand in the precision farming market.

Trimble Ag Software’s Connected Farm uses cellular and wireless technology to transfer data. Furthermore, the company uses Farm Works software to manage data transferred from the farm equipment. Raven Industries, Inc. provides a telematics service called Slingshot. It uses cell phone networks to offer data transfer, real-time kinematic GPS correction signals, and real-time technical support in the fields. Additionally, Slingshot allows users to track the vehicle’s location.

However, the lack of technology adoption among farmers is likely to restrain the market growth over the forecast period. The lack of standards and limitations on the exchange of data between the systems limits the adoption of modern agricultural machinery of different brands and companies. Furthermore, farmers lack independent consulting and advisory services owing to the lack of validated agronomic models for Variable Rate Technology (VRT) to make a decision on investments. Additionally, independent services are not linked to co-operatives, government bodies, and farmer’s associations where farmers can get additional information to take decisions.

Browse full research report on Precision Farming Market: www.grandviewresearch.com/industry-analysis/precision-farming-market             

Further key findings from the study suggest:

  • The increasing government support for adopting modern agricultural techniques and the growing need for monitoring crop health for yield production are expected to drive the market demand.
  • The services segment is expected to portray a significant growth rate over the projected period, growing at a CAGR of 16.0%.
  • The cloud-based software model is anticipated to gain market share over the projected period as it reduces energy consumption and large data storage, and facilitates cost saving.
  • Innovations in GPS mapping and related applications concerning farms are helping farmers to operate more efficiently and increase their profit margins.
  • Drones are expected to witness enormous growth in the agriculture field as they are increasingly used in monitoring irrigation systems.
  • Soil monitoring is a major application of the yield monitoring segment as it is used to detect soil properties to increase the yield.
  • Digital revolution in the agricultural sector along with government financial incentives to farms is likely to drive the demand in the European precision farming market in the coming years.
  • The key players of the precision farming market include Agribotix LLC (U.S.), Deere & Company (U.S.), SST Development Group, Inc. (U.S.), Farmers Edge, Inc. (Canada), and Granular, Inc. (U.S.), among others

Browse more reports of this category by Grand View Research: www.grandviewresearch.com/industry/emerging-and-next-generation-technologies                                                                                                                                                  

Grand View Research has segmented the precision farming market based on offering, application, and region:

Precision Farming/Agriculture Offering Outlook (Revenue, USD Million, 2014 – 2025)

  • Hardware
    • Automation & control systems
      • Drones
      • Application control devices
      • Guidance systems
        • GPS
        • GIS
      • Remote sensing
        • Handheld
        • Satellite sensing
      • Driverless tractors
      • Mobile devices
      • VRT
        • Map-based
        • Sensor-based
      • Wireless modules
        • Bluetooth technology
        • Wi-Fi technology
        • Zigbee technology
        • RF technology
    • Sensing devices
      • Soil sensor
        • Nutrient sensor
        • Moisture sensor
        • Temperature sensor
      • Water sensors
      • Climate sensors
      • Others
    • Antennas/access points
  • Software
    • Web-based
    • Cloud-based
  • Services
    • System integration & consulting
    • Maintenance & support
    • Managed services
      • Data services
      • Analytic services
      • Farm operation services
    • Assisted professional services
      • Supply chain management services
      • Climate information services

Precision Farming/Agriculture Application Outlook (Revenue, USD Million, 2014 – 2025)

  • Yield monitoring
    • On-farm
    • Off-farm
  • Field mapping
  • Crop scouting
  • Weather tracking & forecasting
  • Irrigation management
  • Inventory management
  • Farm labor management

Precision Farming/Agriculture Regional Outlook (Revenue, USD Million, 2014 – 2025)

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Russia
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
  • South America
    • Brazil
  • Middle East and Africa (MEA)

Access Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-precision-farming-market                                                                                                                  

About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: www.grandviewresearch.com

 

Consumer Drone Market Will Be Worth $4.19 Billion By 2024: Grand View Research, Inc.

 

The global consumer drone market size is expected to reach USD 4.19 billion by 2024, according to a new report by Grand View Research, Inc. The substantial growth prospects of the market can be attributed to surging eminence of drone flying as hobby initiatives such as UAV photography and racing. Administrative support through permitting drone flying for non-commercial purposes in select geographies is stimulating the growth of global consumer drone market.

Consumer UAVs have gained prominence owing to their ability of high-resolution image and video capturing, dynamic novel design concept, as well as adequate operational intervals. Upcoming favorable initiatives by regulatory bodies, such as Federal Aviation Authority (FAA) and European Aviation Safety Agency (EASA), and increasing governmental spending on such advanced UAVs are anticipated to drive the industry growth over the forecast period.

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North America consumer drone market by technology, 2012 – 2022 (USD Million)

An emerging trend in the industry is the development of drones with hydrogen fuel cells that in the back end conserve energy and supply power to UAVs, thereby enabling longer flight hours. Furthermore, dynamic concept design and enhanced flight capability of UAVs have revolutionized the gaming, electronics, and associated hobby markets.

Aerial photography enthusiasts are profoundly accepting drones in complimenting their hobby of exploring and capturing dynamic images and videos. The introduction of high-resolution HD 4K cameras and advanced Gimbal systems by manufacturers are presumed to boost the adoption of UAVs in photography and nature exploration.

However, smaller flight time due to shorter battery life of drones, as well as registration obligations, to regulate the issuance of official drone registration certificate in select geographies are anticipated to challenge the industry growth over the forecast period.

Browse full research report on Consumer Drone Market: www.grandviewresearch.com/industry-analysis/consumer-drone-market        

Further Key findings from the study suggest:

  • Multi-rotor drones dominated the overall market, both in terms of revenue and volume. They accounted for over 85% of the overall volume share in 2015 and are poised to witness significant growth over the next eight years. Multi-rotor drones are increasingly used in racing and photography applications. The ability to perform under extreme conditions and development of various innovative applications are the primary factors driving the increased adoption of multi-rotor drones.
  • Nano drones are anticipated to witness significant growth over the forecast period, growing at a CAGR of over 30% from 2016 to 2024. The growth in demand for nano drones can be attributed to their portability and efficient application in photography and security applications. These small-sized drones incorporate a low cost of maintenance, operation, and production. Manufacturers are increasingly integrating nano drones with gimbaled sensors to provide effective controlling and extend its application base.
  • Projected to grow at an estimated CAGR of close to 30%, from 2016 to 2024, prosumer application segment dominated the overall market share, both in terms of volume and revenue in 2015. Rapid increase in aerial photography can be attributed to the growth of photography as a hobby and aligned technologies. Moreover, FPV racing is being increasingly promoted as a recreational hobby in some regions owing to rising adoption of UAVs in the gaming segment.
  • Drones’ demand in toy/hobbyist application was estimated to be over 270 thousand units in 2015 and is presumed to witness substantial growth in the near future. It is envisioned to surpass prosumer application segment in terms of volume by 2018. The growth in this segment can be attributed to increasing adoption of drone flying as a hobby initiative and customized UAV fabrication.
  • Asia Pacific is anticipated to witness considerable growth over the next eight years, growing at a CAGR of close to 35% from 2016 to 2024. The region incorporates substantial growth potential owing to the increasing development of innovative technology solutions for drones and aiming to manufacture them at a lower cost. Increasing investments by Japan and China for the development of multifunctional drones for various applications is expected to drive the regional industry growth in the recent future.

Browse more reports of this category by Grand View Research: www.grandviewresearch.com/industry/emerging-and-next-generation-technologies

Grand View Research has segmented the global consumer drone market on the basis of product, application, and region.

Consumer Drone Product Outlook (Volume, Thousand Units; Revenue, USD Billion 2013 – 2024)

  • Multi-rotor
  • Nano
  • Others (Fixed-wing, hybrid)

Consumer Drone Application Outlook (Volume, Thousand Units; Revenue, USD Billion 2013 – 2024)

  • Prosumer
  • Toy/Hobbyist
  • Photogrammetry

Consumer Drone Regional Outlook (Volume, Thousand Units; Revenue, USD Billion 2013 – 2024)

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
  • Asia Pacific
    • China
    • Japan
  • Latin America
  • MEA

Access Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-consumer-drone-market                                                                                                              

About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: www.grandviewresearch.com

 

Bare Metal Cloud Market Is Getting Traction Due To Growing Need For Streamlined & Automated Data Center Operations..!!

The global bare metal cloud market is anticipated to reach USD 26.21 billion by 2025, according to a new report by Grand View Research, Inc. Factors such as increased demand for secure storage facility and rapid developments in the cloud industry have encouraged enterprises to switch to bare metal cloud from conventional cloud services.

Bare metal cloud solutions are gaining momentum and witnessing a high demand from enterprises across different industry verticals. These solutions offer manifold benefits such as efficient data storage, streamlined data center operations, and faster service delivery through various solutions such as bare metal compute and storage network. Presently, the rapid uptake of internet and networking has increased the demand for more storage space, advanced networking solutions, and high computing power in cloud services.

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The hardware segment dominated the market in 2016. The increased use of compute, network, and storage facilities to virtualize data centers is driving the hardware market. Moreover, the accelerated use of internet-based technologies and electronic devices is expected to further propel the market growth.

The maintenance service segment is anticipated to witness substantial growth owing to the need for regular maintenance post installation. The demand for these services is expected to increase over the forecast period. The increasing advancements in cloud services are encouraging providers to introduce new updates in minimal time with better quality. This is further creating an opportunity for market growth.

Browse full research report on Bare Metal Cloud Market: www.grandviewresearch.com/industry-analysis/bare-metal-cloud-market     

Further Key findings from the study suggest:

  • The demand for bare metal cloud has increased over the years, owing to the increasing significance of data security and rising adoption of advanced cloud services along with advanced authentication support.
  • The U.S. government is investing considerable amount of monetary and non-monetary resources to encourage the adoption of cloud services across various sectors and carry out initiatives such as smart cities.
  • The increasing use of cloud and internet-based technology in Canada has triggered the adoption of bare metal cloud services in businesses of all sizes.
  • Factors such as high demand for cloud-based services and automated storage adoption by small- and mid-sized companies are expected to be the key trends influencing the market growth.
  • Key players in the market include IBM Corporation, Oracle Corporation, and Rackspace Inc., among others.

Browse more reports of this category by Grand View Research: www.grandviewresearch.com/industry/emerging-and-next-generation-technologies                                                                                                                                             

Grand View Research has segmented the bare metal cloud market based on type, deployment, enterprise, end use, and region:

Type Outlook (Revenue, USD Million; 2014 – 2025)

  • Hardware
    • Bare Metal Compute
    • Bare Metal Network
    • Bare Metal Storage
  • Service
    • Integration & Migration
    • Consulting & Assessment
    • Maintenance Services

Deployment Outlook (Revenue, USD Million; 2014 – 2025)

  • Hosted
  • On-Premise

Enterprise Outlook (Revenue, USD Million; 2014 – 2025)

  • Large Enterprise
  • Small & Medium Enterprise

End-use Outlook (Revenue, USD Million; 2014 – 2025)

  • Advertising
  • BFSI
  • Government
  • Healthcare
  • Manufacturing
  • Telecom & IT
  • Others

Regional Outlook (Revenue, USD Million; 2014 – 2025)

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
  • Asia Pacific
    • Australia
    • Japan
    • India
  • South America
    • Brazil
  • Middle East & Africa

Access Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-bare-metal-cloud-market                                                                                                         

About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: www.grandviewresearch.com

 

Cognitive Computing Market Driven By Rising utilization of AI in cognitive computing Till 2025

 

The global cognitive computing market size is expected to reach USD 49.36 billion by 2025, according to a new study conducted by Grand View Research, Inc. The surge in demand for the cognitive computing technology across North America and Europe is anticipated to drive the industry growth over the next nine years. It enables business organizations to incorporate advanced data analytics technology in their business processes to measure the risk associated with the strategic initiatives.

Industry players are progressively investing a significant amount to adopt the modern cognitive solution by profound research and development. Since 2010, several mergers and acquisitions have taken place by large enterprises to utilize this inherent technological platform into the organization.

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U.S. cognitive computing market, by application, 2014 – 2025 (USD Billion)

The incorporation of features, such as Artificial Intelligence and Internet of Things that enables automated integration between software, hardware platform, and the consumer, is energizing the industry growth prospects. These features subsequently influence the market dynamics and accelerate the growth momentum to rise to its optimal level.

The increasing consumer preference toward profound data analysis is a favorable trend observed in the market. The continuous development of cloud computing platform and on-premises hardware equipment for the safe and secure data storage is instrumental to the widespread adoption of cognitive solution across diverse industrial verticals.

The cognitive computing solution has the potential to perform analysis and support business decision making against a huge amount of data generated daily across various industries. It also has the potential to identify anomalous behavior in the data by inspecting usage patterns to block the cyber-attacks.

Browse full research report on Cognitive Computing Market: www.grandviewresearch.com/industry-analysis/cognitive-computing-market                                                                                                                                               

Further Key findings from the study suggest:

  • The natural language processing technology segment dominated the industry, accounting for over 40% of the overall volume due to the surging demand for pattern recognition
  • Cloud systems are expected to gain momentum as they facilitate secure and integrated data storage solution according to the business requirements
  • The Asia Pacific region is predicted to emerge as the fastest growing market owing to the rise in small and medium enterprises in emerging countries, such as India and China
  • Prominent vendors operating in the market include Google, IBM, Microsoft Corporation, Oracle Corporation, SAP, Statistical Analysis System (SAS), and Saffron Technology
  • Increased focus on research and development activities and adoption of artificial intelligence are being observed in the industry

Browse more reports of this category by Grand View Research: www.grandviewresearch.com/industry/emerging-and-next-generation-technologies                                                                                                                                      

Grand View Research has segmented the global cognitive computing market on the basis of technology, deployment, application, and region:

Technology Outlook (Revenue, USD Million; 2014 – 2025)

  • Natural Language Processing
  • Machine Learning
  • Automated Reasoning
  • Information Retrieval

Deployment Outlook (Revenue, USD Million; 2014 – 2025)

  • On-premises
  • Cloud

Application Outlook (Revenue, USD Million; 2014 – 2025)

  • Healthcare
  • Retail
  • BFSI
  • Security
  • IT & Telecom
  • Aerospace & Defense
  • Others

Cognitive Computing Regional Outlook (Revenue, USD Million; 2014 – 2025)

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa

Access Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-cognitive-computing-market                                                                                                 

About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: www.grandviewresearch.com

 

Next Generation Memory Market Is To Be $3.43 Billion By 2020: Grand View Research, Inc.

 

The Global Next Generation Memory Market is expected to reach USD 3.43 billion by 2020, according to a new study by Grand View Research, Inc. Increasing need for fast and economical storage solutions across diverse applications is estimated to drive market growth over the forecast period. Next generation memory is used for various applications such as enterprise, industrial and automotive to store and manage information, which is expected to augment market growth over the next six years.

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Global next generation memory market by application, 2013 – 2020

Increasing use of next generation memory in mobile phones to enhance customer experience is expected to fuel market growth. Increasing demand for wearable electronics and replacement of flash memory storage may provide new growth avenues to the next generation memory market. Low environment stability and high design cost may act as a restraint to market growth over the forecast period.

Browse full research report on Next Generation Memory Market: www.grandviewresearch.com/industry-analysis/next-generation-memory-market

Further Key findings from the study suggest:

  • Non-volatile memory storage is expected to remain the key product segment over the forecast period; it accounted for over 90% of the market in 2013. This technology is used for economical storage and fast processing of data and sustains the stored information even when the power is turned off. Volatile memory storage is estimated to witness considerable growth over the forecast period. In this technology, information fades when the power supply is turned off unless the storage device is periodically refreshed.
  • Mobile phones were a major application segment in 2013 and accounted over 55% of the overall market in the same year. All common computing platforms from handheld devices to supercomputers use storage systems to store data permanently or temporarily. Smart cards store a few bytes of data and are expected to grow at a significant rate over the forecast period.
  • North America was estimated to be the key regional market in 2013. The Asia Pacific market is expected to grow at a considerable rate owing to increasing demand for smartphones and tablets. Additionally, presence of key market players in countries such as China, India, Japan and South Korea is also expected to positively impact the regional market over the forecast period.
  • Key industry participants include Samsung Electronics Co. Ltd., IBM Corp, Adesto Technologies, Crossbar Inc, Fujitsu Ltd, Toshiba Corporation, Intel Corporation etc. Toshiba along with SK Hynix are working on production of next generation memory chips, which is expected to decrease power consumption and increase data transfer speed. Economical and efficient solution development is expected to be a critical success factor for market players.

Browse more reports of this category by Grand View Research: www.grandviewresearch.com/industry/emerging-and-next-generation-technologies                                                                                                                                        

Grand View Research has segmented the global next generation memory market on the basis of product, application and region:

Next Generation Memory Product Outlook (Revenue, USD Million, 2012 – 2020)

  • Volatile
  • Non-Volatile

Next Generation Memory Application Outlook (Revenue, USD Million, 2012 – 2020)

  • Mass Storage
  • Mobile Phones
  • Industrial & Automotive
  • Embedded MCU & Smart Cards
  • Cache Memory & Enterprise Storage

Next Generation Memory Regional Outlook (Revenue, USD Million, 2012 – 2020)

  • North America
  • Europe
  • Asia Pacific
  • RoW

Access Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-next-generation-memory-market                                                                                                   

About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: www.grandviewresearch.com