NAS Market to grow at 20% CAGR from 2018 to 2024

Network attached storage market has emerged to be one of the most viable investment avenues over the recent years with the massively proliferating cloud technology adoption. Big data and advanced analytics have brought a dramatic turnaround of sorts for network operators with regard to managing the large data volume. In a bid to analyze and manage these huge & disparate data sets instantaneously, enterprises are increasingly adopting NAS solutions. Testament of the aforesaid is the worldwide NAS industry share from cloud deployment mode which is slated to register a commendable y-o-y growth of 24% over 2018-2024.

On virtue of its far-flung benefits like scalability and ease of access, numerous tech giants in recent years have been on the go to come up with a plethora of innovative solutions that can be conveniently deployed across telecom & IT, retail, media & entertainment, healthcare, and consumer sectors. A recent instance depicting the widening product portfolio pertaining to NAS solutions is Synology’s latest release, dubbed as DS1618+.

Request for a sample of this research report @ https://www.fractovia.org/request-sample/912

Elaborating further, storage solution giant Synology has recently upgraded its 6 Bay NAS device. An enhanced version of its predecessor, DS3018xs in particular, DS1618+ though exhibits a similar design as that of a 6 Bay layout, is claimed to feature a better Intel quad-core processor. For the record, Synology’s flagship DS3018xs, which was launched in 2017, incorporates Pentium D1208 dual-core 2.2 GHz processor. Not just that, it is also inbuilt with PCle slots for installing an optional dual M.2 SATA SSD adapter that can shift processing into solid state drives in a bid to maintain efficiency and speed. Synology’s latest 6 Bay NAS tower, DS1618+ is touted to be an exceptional one as it amalgamates all these features with an enhanced processor and is touted as a disruption of sorts in the product landscape of NAS industry.

Concurrently, the company has also launched four other DS+ and DS models last year that are claimed to replace the existing NAS enclosures. This incidence particularly validates how 1 Bay to 8 Bay NAS towers are gaining a mass popularity in network attached storage market, primarily aided by the increased adoption of these systems for consumer applications. In fact, estimates claim, the 1 Bay to 8 Bay NAS market to witness the fastest growth at 25% y-o-y 2018-2024.

Speaking of the design landscape, it is prudent to mention that in 2017, 12-bay to 20-bay also emerged as one of the top-notch solutions having procured almost 40% of the overall NAS industry share. The major customers were reported to be SMEs and the SOHO sector. One of the popular trends this segment has been undergoing is the development of highly enhanced performance-oriented storage systems that ensure reliability as well as security. The sector has indeed been an acclaimed venturing hub for the industry players considering its rich end-use base.

Brows More @ https://dzone.com/articles/network-attached-storage-market-to-grow-at-20-cagr

In a recent turn of events witnessed across 12-bay to 20-bay NAS market, QNAP® Systems, few months back made its way to the front page with the launch of its 16-bay TS-1677X Ryzen™ NAS. Allegedly, this new enterprise class encompass twelve 3.5-inch drive bays and four 2.5-inch drive bays. Boasting of a portfolio that include AMD Ryzen 8-core processor, SSD caching, and optimized storage capacity, this highly upgraded model is claimed to boost the visualization performance impressively. Though QNAP’s profound stance in the competitive network attached storage industry space is not unheard of, the introduction of TS-1677X is certain to strengthen its business position further considering the product’s exceptional design package.

Whether NAS solutions could drive the future of advanced analytics is a debatable subject as of now, however the tech realm over the past few years suggests a substantial commercialization scope for network attached storage industry. Add to it, with digital distribution of media, the business space is observing a slew of new opportunities worldwide. As far as the profitability potential is considered, the global NAS market size is forecast to exceed USD 20 billion by 2024.

Report Content

Chapter 1. Methodology & Scope

1.1. Methodology

1.1.1. Initial data exploration

1.1.2. Statistical model and forecast

1.1.3. Industry insights and validation

1.1.4. Scope, definition and research parameters

1.2. Data Sources

1.2.1. Primary

1.2.2. Secondary

Chapter 2. Executive Summary

2.1. NAS industry 360º synopsis, 2013 – 2024

2.1.1. Region trends

2.1.2. Architecture trends

2.1.3. Design trends

2.1.4. Deployment model trends

2.1.5. Application trends

Chapter 3. NAS Industry Insights

3.1. Introduction

3.2. Evolution of NAS

3.3. SAN vs NAS storage

3.4. Scale-up vs Scale-out NAS

3.5. NAS architecture analysis

3.6. Industry segmentation

3.7. NAS industry landscape, 2013 – 2024

3.8. NAS industry ecosystem analysis

3.9. Regulatory landscape

3.10. Technology & innovation landscape

3.10.1. Multi-protocol or unified storage

3.11. NAS industry impact forces

3.11.1. Growth drivers

3.11.1.1. Increase in Big Data analytics and data mining applications

3.11.1.2. Growing popularity of NAS for home/consumer applications

3.11.1.3. Rising adoption of Cloud NAS file storage as a service

3.11.2. Industry pitfalls & challenges

3.11.2.1. Concerns regarding data security

3.11.2.2. Concerns regarding bandwidth performance for remotely hosted NAS

3.12. Porter’s analysis

3.13. PESTEL analysis

Browse key industry insights spread across 250 pages with 300 market data tables & 25 figures & charts from this report Network Attached Storage (NAS) Market” in detail along with the table of contents at:

https://www.fractovia.org/news/industry-research-report/network-attached-storage-nas-market

About Fractovia.org

Fractovia.org is one of India’s leading in-house and free news portal. It is fully automated, and operates on a constant premise, interfacing with news sites and offering redesigned breaking features to readers across the globe. Our mission is to offer individuals opportunities for connections with news writers and distributors which they can pursue. We operate by mapping articles pertaining to breaking news, constantly and progressively, against a pre-determined word-based theme, offering important connections to readers and clients, as well as distributers.

Contact Us:

Arun Hegde

Corporate Sales, USA

Fractovia.org

Phone: 1-302-846-7766

Toll Free: 1-888-689-0688

Email: sales@fractovia.org

Website: https://www.fractovia.org

Advertisements

Artificial Intelligence in Retail Market to grow at 40% CAGR from 2018-2024

​According to the new research report Artificial Intelligence (AI) in Retail Market”, by Global Market Insights, Inc. says Artificial Intelligence (AI) in Retail Market to exceed USD 8 billion by 2024, driven by advent of new business models and advancement in data science.

In an era dominated by tech advancements, artificial intelligence (AI) in retail market is expected to emerge as a viable investment ground, given the pace at which AI is being incorporated in industry verticals. Amidst this backdrop, traditional retail chains have been modifying their approach, especially after 2017 witnessed the application for bankruptcy by 21 retail chains inclusive of biggies such as Toys R’ Us, Aerosoles and RadioShack. Many others like Sears and Macy’s had decided to close down hundreds of stores in the U.S., creating waves of panic in the global retail sector and igniting the spark of technology adoption – shocking moves that have triggered a change in artificial intelligence (AI) in retail industry trends.

The proliferation of the smart era has made retail giants realize that the competitive scenario has been majorly transformed by e-commerce behemoths like Alibaba and Amazon, that had successfully created a paradigm shift in the retail industry with their efficient leveraging of big data and AI. The success that these behemoths have attained in the retail sector with the use of artificial intelligence can be largely credited to their organized efforts and technologies in tracking customer behavior.

Request for a sample of this research report @ https://www.fractovia.org/request-sample/905

Understanding the customer’s path to purchase and ability to observe their buying behavior has long since been considered a key factor to generate profits. E-commerce magnates have been using AI to maximize online selling and bombard customers with substantial options to make them browse longer than they intend. The strategy is to ultimately enable the customer to make a purchase that they might not have made in a physical retail environment. Retail chains in their struggle to match up to the competition are now using sensors and cameras to understand how customers are interacting with their store – a move that has majorly stimulated artificial intelligence (AI) in retail market share. Given that AI is being used to track how many times an item was picked up from the shelf, kept back on the shelf or purchased, a better understanding of the shopper’s mentality is being discerned, further augmenting artificial intelligence (AI) in retail industry outlook.

It is essential to mention in this context, that the aforesaid instance has been put to use in an impressive fashion by Amazon, the e-commerce giant, in its Amazon Go grocery store. The store that opened in Seattle in 2018 is based on futuristic design where customers use an Amazon Go app connected to their Amazon account to make payments. There are no physical cashiers or even self-checkout counters, instead, cameras and sensors keep track of all the items picked off shelves, put into shopping carts or are put back on shelves. The items are charged to the Amazon account of the customers automatically when they leave. The retail behemoth has thus successfully leveraged AI in its operations, justifying why it is one of the top-notch contenders in artificial intelligence (AI) in retail market.

Amazon has used its advantage of owning the world’s largest cloud computing platform and applied it in building a store that not only delivers quality customer experience but also uses AI in figuring out what products customers buy the most and which hours are meant for peak customer purchases. It also keeps track of inventory about when to reorder and restock, how to present merchandise to make the most sales and how to optimize traffic flow around the store. That apart, it is virtually impossible to shoplift from the Amazon Go store. With others set to follow the example set by Amazon, artificial intelligence (AI) in retail market is bound to pick up a commendable pace very soon.

Similar to how Amazon has taken shopping to a cutting-edge level with its store where checking out is a thing of the past, Japan’s SoftBank and Aldebaran robot manufacturers of France developed Pepper, the humanoid robot, in 2010. The bot has now become one of the most remarkable additions to artificial intelligence (AI) in retail industry, as it perceives human emotions and has already been employed in 140 SoftBank mobile stores in Japan as customer service greeter.

Brows More @ https://dzone.com/articles/artificial-intelligence-ai-in-bfsi-market-to-grow

Softbank Robotics America has also deployed Pepper in stores in California and has yielded a 70% rise in foot traffic. Following this instance, Pepper spent time in a fashionable apparel store, the Ave, and the retailer experienced a 98% increase in customer interaction, as customers were less intimidated about asking questions to an AI creation, subject to the lack of fear of being judged as silly. There was also a remarkable 300% increase in revenue, apparently. In 2016, Nestle also expressed plans to acquire Pepper robots to use them in Nescafe in Japan.

Though there is a popular fear that the widespread use of AI technology can cost humans their jobs, a fact which can somewhat hinder artificial intelligence (AI) in retail market growth, experts are of the opinion that AI can actually increase opportunities and even create a novel job market. For instance, though the Amazon Go store did not have a cashier there were plenty of people around the store who were needed to help customers. Therefore, AI is essentially evolving the type of jobs humans are needed to perform and increasing the scope of service on offer in the retail space.

The efficiency that AI can add to the workplace is anticipated to be blessing to the retail industry workers. Combined with the human connection presented by the average retail employee and the targeted marketing of AI, the retail industry is aiming to make a big difference in the shopping scenario in future. As per estimates, artificial intelligence (AI) in retail market size will be pegged at a remarkable $8 billion by 2024 – a substantially appreciable development from its initial valuation of $650 million in 2017.

Report Content

Chapter 1. Methodology & Scope

1.1. Methodology

1.1.1. Initial data exploration

1.1.2. Statistical model and forecast

1.1.3. Industry insights and validation

1.1.4. Scope,

1.1.5. Definition

1.1.6. Methodology and research parameters

1.2. Data Sources

1.2.1. Primary

1.2.2. Secondary

Chapter 2. Executive Summary

2.1. AI in Retail industry 360º synopsis, 2013 – 2024

2.1.1. Business trends

2.1.2. Regional trends

2.1.3. Component trends

2.1.4. Solution trends

2.1.5. Service trends

2.1.6. Technology trends

2.1.7. Application trends

Chapter 3. AI in Retail Industry Insights

3.1. Introduction

3.2. Industry segmentation

3.3. Industry landscape, 2013-2024

3.4. Industry ecosystem analysis

3.5. Industry evolution

3.6. Market news

3.7. Technology & innovation landscape

3.7.1. Gesture recognition

3.7.2. Virtual mirrors

3.7.3. Chatbots

3.7.4. Video analytics

3.7.5. Robots

3.8. Regulatory landscape

3.8.1. Health Insurance Portability and Accountability Act (HIPAA)

3.8.2. Payment Card Industry Data Security Standard (PCI DSS)

3.8.3. North American Electric Reliability Corp. (NERC) Standards

3.8.4. Federal Information Security Management Act (FISMA)

3.8.5. The Gramma-Leach-Bliley Act (GLB) Act of 1999

3.8.6. Sarbanes-Oxley Act of 2002

3.8.7. General Data Protection Regulation (GDPR)

3.9. Use cases

3.9.1. Sales & CRM application

3.9.2. Customer recommendations

3.9.3. Logistics & delivery

3.9.4. Payment service

3.10. Industry impact forces

3.10.1. Growth drivers

3.10.1.1. Growing investment in AI

3.10.1.2. Increasingly empowered consumer

3.10.1.3. Disruptive technologies

3.10.1.4. Advent of new business models

3.10.1.5. Advancement in data science

3.10.2. Industry pitfalls & challenges

3.10.2.1. Limited public-private partnership to address social implications directly

3.10.2.2. Privacy issues associated with the use of AI Growth potential analysis

3.11. Growth potential analysis

3.12. Porter’s analysis

3.13. PESTEL analysis

Browse key industry insights spread across 300 pages with 170 market data tables & 23 figures & charts from this report Artificial Intelligence (AI) in Retail Market” in detail along with the table of contents at:

https://www.fractovia.org/news/industry-research-report/ai-retail-market

About Fractovia.org

Fractovia.org is one of India’s leading in-house and free news portal. It is fully automated, and operates on a constant premise, interfacing with news sites and offering redesigned breaking features to readers across the globe. Our mission is to offer individuals opportunities for connections with news writers and distributors which they can pursue. We operate by mapping articles pertaining to breaking news, constantly and progressively, against a pre-determined word-based theme, offering important connections to readers and clients, as well as distributers.

Contact Us:

Arun Hegde

Corporate Sales, USA

Fractovia.org

Phone: 1-302-846-7766

Toll Free: 1-888-689-0688

Email: sales@fractovia.org

Website: https://www.fractovia.org

Smart Transportation Market to cross $130bn by 2024

​According to the new technology research report Smart Transportation Market”, by Global Market Insights, Inc. says Smart Transportation Market to exceed USD 130 billion by 2024, driven by adoption of connected vehicles for enhancing public safety and security.

Subject to the extensive and swift adoption of intelligent mobility solutions across major cities around the globe, smart transportation market has been treading along a lucrative growth path in the recent years. In addition to the advent of these smart technologies, a remarkable increase in governmental patronage and financial support toward revamping transportation industry can be accredited to the rapid progression of this business space. Indeed, it is being projected that smart transportation industry, which surpassed a total remuneration portfolio of about USD 41 billion in 2017, would establish itself as one of most profitable business verticals in the times to come.

Elaborating further, the robust penetration of smart technologies in the transit space coupled with the efforts being deployed by the overall automotive industry to manufacture innovative vehicles has consequentially propelled the market share. Moreover, it would be prudent to mention that numerous governments, particularly across the emerging economies, appear keen to invest massive amount of resources in developing smart cities.

Request for a sample of this research report @  https://www.fractovia.org/request-sample/902

How Smart Cities initiative will favorably impact smart transportation market trends in India

In a recent turn of events, Government of India has declared to construct 599 highway projects across the country under the ambitious Smart Cities program. With a total budgetary outlay of INR 108,000 crore, which would be spent over the period of 5 years, the project has already received INR 50,802 crore and an additional sum of INR 48,000 crore would be utilized for developing first 20 Smart cities. One of the foremost goals of the scheme is to provide efficient urban mobility and public transport system – a factor that would significantly bolster the growth prospects of industry in the nation.

Concurrently, the Indian Government has framed a National Electric Mobility Mission Plan 2020 which proposes to incentivize adoption of green vehicles and ramp up domestic manufacturing capability of automotive sector. This would warrant rapid adoption of intelligent traffic management and integrated multimodal transport solutions which would eventually have an optimistic influence on the market share expansion.

Dubai: Leading the proliferation of smart transportation industry across MEA region

Building on the legacy of innovative initiatives, Dubai has recently announced to have joined hands with the US based transportation solutions provider, Hyperloop One Inc. Reportedly, the objective of this alliance is to harness the prowess of groundbreaking transport technologies, transform the conventional idea of mobility, and assist Dubai in reinforcing its reputation as the chief hub of global trade and tourism.

For the record, Hyperloop is a proposed mode of freight and passenger transportation that would apparently propel a pod-like vehicle through a reduced pressure tube with a speed more than that of an airliner. With the emergence of such progressive technologies, the smart transportation market is on the cusp of witnessing a paradigm shift of sorts in the times to come.

In yet another instance, the Roads and Transport Authority (RTA) of Dubai has recently declared a new smart transport strategy 2017-2021, which intends to transform 25 percent of the city’s road trips into autonomous by the year 2030. The initiative further aims to execute 34 projects ranging from self-driving buses, autonomous drones, and taxis as well as other tasks such as expansion of information kiosks and pedestrian crossings. With the unveiling of such pathbreaking projects, the industry share is bound to advance at an exceptional pace over the ensuing years.

Brows More @ http://www.itsinternational.com/sections/transmart/news/smart-transportation-market-to-reach-130bn-by-2024/

China: A pivotal contributor toward global smart transportation industry share augmentation

Touted as the largest automobile market across the globe, China has made swift headways in enhancing the overall growth potential of industry in the recent years. For instance, the Intelligent Transport System Association of China has recently announced to invest about USD 30 billion in the intelligent transport solutions sector by 2020 that would aid in encouraging green transport system and help construct electronic charging systems across the country.

Speaking on the similar lines, the Chinese Government aims to have 10 percent of all cars to be self-driving by 2030. Subsequently, the market players consider this opportunity as significant and intend to release unique solutions that would assist in delivering better traffic updates, on-the-go recharging of electric-vehicle batteries, more accurate mapping, etc. One of the most interesting instances of this is the trial of ‘intelligent highway’ that could revolutionize the global smart transportation market outlook. Apparently, the highway would be embedded underneath with advanced technologies and solar panels that would generate enough electricity to power approximately 800 homes and highway lights.

Apart from such proactive schemes, China has established a national motor vehicle and driver information management system and further plans to set up a platform for national electronic charging systems. There are also various efforts in pipeline to promote information-sharing activities between civil aviation, rails, buses which would achieve seamless integration of data, in turn opening plethora of opportunities for industry stakeholders.

Owing to the development of autonomous vehicles and high-penetration of ride-hailing services, smart transportation market is set to undergo a massive transformation in the forthcoming years. As per a research report compiled by Global Market Insights, Inc., the overall smart transportation industry is forecast to clock in a y-o-y growth rate of an impressive 20% over 2018-2024. The enormous numbers also underline the fundamental altercation that the automotive & transportation space would witness in its entirety in the ensuing years.

Report Content

Chapter 1. Methodology & Scope

1.1. Methodology

1.1.1. Initial data exploration

1.1.2. Statistical model and forecast

1.1.3. Industry insights and validation

1.1.4. Scope

1.1.5. Definition and forecast parameters

1.2. Data Sources

1.2.1. Primary

1.2.2. Secondary

Chapter 2. Executive Summary

2.1. Smart transportation industry 360º synopsis, 2013 – 2024

2.1.1. Regional trends

2.1.2. Mode of transportation trends

2.1.3. Component trends

2.1.4. Software trends

2.1.5. Service trends

2.1.6. Deployment model trends

Chapter 3. Smart Transportation Market Industry Insights

3.1. Introduction

3.2. Industry segmentation

3.3. Smart transportation industry landscape, 2013 – 2024

3.4. Smart transportation industry ecosystem analysis

3.5. Smart transportation evolution

3.6. Market news

3.7. Smart transportation regulations

3.7.1. Safer Journeys Action Plan (New Zealand)

3.7.2. Bharat Stage Emission Standards (India)

3.7.3. Goods Vehicles Licensing of Operators Act (Northern Ireland)

3.7.4. The Transport Act, 2000

3.8. Technology & innovation landscape

3.8.1. Mobile internet services integrated with intelligent transport

3.8.2. Increasing popularity of AI integrated with Smart transportation

3.8.3. Enhanced user experience and improved lifestyle

3.9. Industry impact forces

3.9.1. Growth drivers

3.9.1.1. Rapid urbanizations and government investment in smart transportation

3.9.1.2. Adoption of connected vehicles for enhancing public safety and security

3.9.1.3. Reduction in collision

3.9.1.4. Improved life with smart parking and smart ticketing

3.9.1.5. Environment protection

3.9.1.6. Advanced infrastructure

3.9.2. Industry pitfalls & challenges

3.9.2.1. Huge capital requirement

3.9.2.2. Big data increases complexity

3.9.2.3. Long downtime for replacing the existing system

3.9.2.4. Immature market conditions

3.10. Growth potential analysis

3.11. Porter’s analysis

3.12. PESTEL analysis

Browse key industry insights spread across 370 pages with 214 market data tables & 24 figures & charts from this report Smart Transportation Market in detail along with the table of contents at:

https://www.fractovia.org/news/industry-research-report/smart-transportation-market

About Fractovia.org

Fractovia.org is one of India’s leading in-house and free news portal. It is fully automated, and operates on a constant premise, interfacing with news sites and offering redesigned breaking features to readers across the globe. Our mission is to offer individuals opportunities for connections with news writers and distributors which they can pursue. We operate by mapping articles pertaining to breaking news, constantly and progressively, against a pre-determined word-based theme, offering important connections to readers and clients, as well as distributers.

Contact Us:

Arun Hegde

Corporate Sales, USA

Fractovia.org

Phone: 1-302-846-7766

Toll Free: 1-888-689-0688

Email: sales@fractovia.org

Website: https://www.fractovia.org

China Stationary Battery Storage Market to grow at 24% CAGR from 2018-2030

​The technology research report “Stationary Battery Storage Market Size By Battery (Lithium-ion, Sodium Sulphur (NAS), Lead acid, Flow Battery, Others), By Application (Communication Base Stations [Lithium ion, Lead acid {Flooded, VRLA}, Flow battery] Emergency Power, Local Energy Storage, Remote Relay Stations, Uninterruptible Power Supplies (UPS)), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, France, Italy, UK, Spain, Russia, Ukraine, Azerbaijan, Kazakhstan, Belarus, China, Japan, South Korea, India, Australia, Saudi Arabia, UAE, South Africa, Argentina, Brazil, Mexico), Growth Potential, Competitive Market Share & Forecast, 2018 – 2030” by Global Market Insights, Inc. says Stationary Battery Storage Market to exceed USD 35 billion by 2030; driven by growth in the renewable energy sector.

Increasing investments toward integration of sustainable energy technologies coupled with growing deployment of enhanced storage units with high power output will foster the stationary battery storage market. Favorable regulatory framework toward the expansion of grid infrastructure will further propel the industry growth. International Finance Corporation in 2017, declared an investment of USD 1.2 billion for the development of renewable energy technologies in India.

Expansion of communication network on account of progression in the wireless technologies will augment the stationary battery storage market. Recurrent power failures and outages along with lack of efficient monitoring systems across the developing nations will complement the business outlook. Rapid technological advancements toward the development of distributed generation technologies will encourage the product adoption.

Request for a sample of this research report @   https://www.gminsights.com/request-sample/detail/1892

Japan stationary battery storage market is set to exceed USD 2 billion by 2030. Ongoing investments toward expansion of microgrid network coupled with rising electricity consumption on account of growing commercial and industrial sector will positively influence the industry growth. In addition, the rising concerns pertaining to security of supply will stimulate the product penetration.

Flow battery in 2017, accounted for over 3.5% of the stationary battery storage market. Rapid technological advancement toward the development of efficient and cost-effective storage solutions along with growing investments toward integration of renewable grid network will foster the business growth. Longer shelf life and higher product efficiency are some of the key features which will makes it adoption preferable when compared with available alternatives.

Increasing R&D spending toward the development of efficient system along with improved shelf life will positively drive the stationary battery storage market. High discharge rate, reduced weight, comparative efficiency, longer life cycle, reducing cost and high voltage output and some of the key imperative parameters which will boost the product demand. In 2017, MDPI denoted the energy density for lithium-ion battery between 110 to 160 Wh/Kg when compared with NiMH, NiCd and lead acid batteries.

Make an inquiry for purchasing this report @   https://www.gminsights.com/inquiry-before-buying/1892

Investments toward refurbishment of ageing electrical infrastructure along with ongoing adoption of advanced grid support systems will foster the North America stationary battery storage market. Rising concerns toward security of supply with increasing spending toward sustainable electric network will stimulate the industry growth. Exponential increase in the power consumption along with growing demand for continuous and reliable electricity will further complement the business growth. In 2017, China proposed an investment of around USD 800 billion across the U.S. energy infrastructure sector.

Notable players across stationary battery storage market includes Samsung SDI, Exide Technologies, A123 systems, Johnson Controls, Durapower, Toshiba, GS Yuasa, Tesla, BYD co, Hitachi Chemical, Duracell, Hitachi Chemical, Valence Technology, Uniper, LG Chem, ACDelco, Hitachi Maxell, Panasonic and Roofer Technology.

Stationary battery storage market research report includes in-depth coverage of the industry with estimates & forecast in terms USD from 2013 to 2030, for the following segments:

By Battery

  • Lithium-ion
  • Sodium Sulphur
  • Lead Acid
  • Flow Battery
  • Others

By Application

  • Emergency Power
  • Communication Base Station
    • Lithium ion
    • Lead acid
      • Flooded
      • VRLA
    • Flow battery
    • Others
  • Local Energy Storage
  • Remote Relay Station
  • Uninterruptible Power Supplies (UPS)

The above information is provided on a country basis for the following:

  • North America
    • US
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Italy
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Australia
  • CIS & EURASIA
    • Russia
    • Ukraine
    • Azerbaijan
    • Kazakhstan
    • Belarus
  • Middle East and Africa
    • UAE
    • South Africa
    • Saudi Arabia
  • Latin America
    • Mexico
    • Brazil
    • Argentina

Browse key industry insights spread across 330 pages with 364 market data tables & 13 figures & charts from the report, Stationary Battery Storage Market in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/stationary-battery-storage-market

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free:1-888-689-0688
Email:sales@gminsights.com
Web:https://www.gminsights.com
Blog:https://www.gminsights.com/blogs
Connect with us:Facebook|Google+|LinkedIn|Twitter

Chatbot Market to reach $1.34bn by 2024

​The technology research report “Chatbot Market Size By Type (Rule-Based, AI-Based), By Interface (Standalone, Web-Based, Third-Party), By Application (Customer Service, Social Media, Payment/Order Processing, Marketing), By Deployment Model (On-Premise, Cloud), By End-Use (BFSI, Media and Entertainment, Healthcare, E-Commerce, Retail, Travel and Tourism), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Spain, China, India, Singapore, Japan, Australia & New Zealand (ANZ), South Korea, Brazil, Mexico, Argentina, GCC, South Africa), Growth Potential, Competitive Market Share & Forecast, 2018 – 2024” by Global Market Insights, Inc. says Chatbot Market to exceed USD 1.34 billion by 2024; driven by advancements in AI, NLP and cloud computing technologies.

The chatbot market growth is attributed to the evolving usage of chatbots for content marketing activities such as digital marketing and advertising. The technological capabilities, individuality, and customization are the main features accelerating market growth. Chatbots assist the businesses to interact and engage with customers. They offer personalized marketing capabilities, such as sending individualized messages, to meet the rising consumer requirements. For instance, in 2016, Sephora launched a chatbot on the messaging application Kik, which asks the users on the platform to take a quiz while giving the chatbot insights regarding the ways to precisely style their look, enhancing the customer experience.

The chatbot market is benefiting from the investments made by the leading investors, who back several chatbot startup firms. These funds are used by the startups for developing NLP technology and chatbot platforms. For instance, in 2017, Pypestream raised USD 15 million in funding to bring about developments in its chatbot platform. These investments enhance marketing and promotions through the chatbot platform, increasing customer service, transactions, and purchases. However, the lack of awareness about the benefits of chatbots amongst businesses and security issues concerned with chatbots may hinder its market growth.

Request for a sample of this research report @https://www.gminsights.com/request-sample/detail/2643

Customer service application accounts for the largest market share of 43% in 2017 in the chatbot market followed by social media, order processing, and marketing applications. Customer service is the major criteria for businesses to survive in the competitive market. The advent of chatbots allows businesses to offer enhanced customer service by offering 24/7 customer support, real-time query handing, and educating the customers about new products and services. For instance, in April 2018, TIM, an Italian ICT group partnered with Microsoft to develop AI-based chatbots, which will benefit both the company and its customers in the long term by optimizing customer service inquiries handling and technical assistance, thereby resulting in an improved customer experience.

The standalone interface segment dominates the market due to the benefits they offer such as ease-of-usage and installation at reduced costs. The web-based chatbot is growing at a fast pace at a CAGR of 36.9% during the forecast period and is mainly beneficial for the companies selling products directly through their websites. The chatbots make an effective point-of-contact tool delivering better customer experience and improved business margins.

The e-commerce segment is expected to benefit the most from the chatbot market. Due to the rapid development and growth of AI, chatbots are anticipated to get more sophisticated with time. This has increased the acceptance of chatbots in the e-commerce sector. The usage of chatbots in the BFSI sector is growing rapidly due to the factors such as automated fraud prevention, assistance to customers in making improved financial decisions, and improved customer experience. For instance, in 2016, Bank of America launched a chatbot named Erica available for the customers in the bank’s mobile application. This chatbot enabled customers to perform various tasks such as making transactions and checking balances to improve customer satisfaction.

The AI-based chatbot market is growing at a CAGR of 53% as they provide highly conversational experiences through text and voice, which can be customized for use on various web browsers, mobile devices, and varied chat platforms. Furthermore, increasing collaboration in the AI-based companies also drives the market growth. For instance, in March 2018, Haptik, a leading AI-based chatbot platform partnered with Amazon Web Services to deliver solutions for Indian customers. This will enable the company to expand its AI-based market in India.

In 2017, the on-premise deployment model holds approximately 83% in the chatbot market, offering users enhanced data security solutions and protecting customers’ personal and confidential business information, increasing its market demand.

Make an inquiry for purchasing this report @https://www.gminsights.com/inquiry-before-buying/2643

North America held the majority of the share in the chatbot market as various tech companies in this country, such as IBM, Google, and CX Company, are investing huge funds in R&D to implement new technologies and provide an improved user experience. These players are engaged in strategic partnerships and acquisitions to retain a huge market share and expand their presence worldwide.

Asia Pacific is anticipated to show the highest growth rate of 36% over the forecast timeline. As chatbots have turned into a necessity for mainstream industries, their usage has increased rapidly. Furthermore, there is an increase in the usage of mobile applications for travel, shopping, social networking, and education.

The global chatbot market is highly competitive as both startups and multinational firms are continuously involved in R&D activities to develop advanced technologies, driving the market growth. Some of the major vendors operating in the industry include Baidu, Babylon Health, Google, Inc., Microsoft Corporation, Kik, Poncho, ReplyYes, LivePerson, Slack Technologies, Inc., and WeChat.

The chatbot market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2013 to 2024, for the following segments:

By Application

  • Customer service
  • Social media
  • Payment/Order processing
  • Marketing

By Interface

  • Standalone
  • Web-based
  • Third-party

By End-Use

  • BFSI
  • Media and entertainment
  • Healthcare
  • E-commerce
  • Retail
  • Travel and tourism

By Type

  • Rule-based
  • AI-based

By Deployment Model

  • On-premise
  • Cloud

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
  • APAC
    • China
    • Japan
    • ANZ
    • South Korea
    • India
    • Singapore
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • MEA
    • GCC
    • South Africa

Browse key industry insights spread across 350 pages with 262 market data tables & 43 figures & charts from the report, Chatbot Market in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/chatbot-market

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free:1-888-689-0688
Email:sales@gminsights.com
Web:https://www.gminsights.com
Blog:https://www.gminsights.com/blogs
Connect with us:Facebook|Google+|LinkedIn|Twitter

AI in Education Market in the domain model to grow at 50% CAGR from 2018 – 2024

​The technology research report “Artificial Intelligence (AI) in Education Market Size By Model (Learner, Pedagogical, Domain), By Deployment (On-Premise, Cloud), By Technology (Machine Learning, Deep Learning, Natural Language Processing (NLP)), By Application (Learning Platform & Virtual Facilitators, Intelligent Tutoring System (ITS), Smart Content, Fraud & Risk Management), By End-Use (Higher Education, K-12 Education, Corporate Learning), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Spain, Australia, China, India, Japan, South Korea, Brazil, Mexico, GCC, South Africa), Growth Potential, Competitive Market Share & Forecast, 2018 – 2024” by Global Market Insights, Inc. says Artificial Intelligence (AI) in Education Market to surpass USD 6 billion by 2024; driven by increasing venture capital investment in AI and EdTech.

AI in education market is driven by the integration of the Intelligent Tutoring System (ITS) in the learning process. ITS is one of the advanced applications of AI aimed at providing immediate and personalized feedback and instructions to learners without the intervention of a human tutor. The numerous benefits offered by the system is major factor augmenting its demand. It assists students in improving their learning styles, offering personalized tutoring and high-quality education by gauging their pre-existing knowledge and learning. The platform collects data points and employs machine learning and predictive models to determine individual knowledge and skill levels and analyze the performance. It also provides students immediate feedback for improvement.

However, the high cost of deployment and lack of skilled workforce are the factors hindering the AI in education market growth. These systems are expensive to develop and implement and the timeframe required for the development of these systems is large limiting their implementation in the real world. Moreover, the risk of data leakage and security also restrain the market growth.

Request for a sample of this research report @https://www.gminsights.com/request-sample/detail/2639

AI assists in improving the quality of education by addressing the learning challenges faced in the past including planning, reasoning, language processing, and cognitive modeling. Various benefits offered by the acceptance of AI in education sector include tutoring grading, immediate feedback on course quality, personalization in education, and instant feedback to students. The aim of AI is to be a virtual facilitator for the learning domain and to create virtual human-like qualities, who can think, react, act, and interact in a natural way using verbal and non-verbal communication.

The domain model in AI in education market is estimated to grow at a substantial rate with over 50% CAGR during the forecast period. The domain model represents the knowledge of the subject, expertise, and the relationship between different parts of the subject matter. It assists in improving the domain-specific knowledge, especially in areas of science, technology, math, and engineering. The AI in education systems usually gathers a huge amount of student data, which is computed to enhance the domain model. This helps in offering more personalized and efficient support while refining and testing their understanding of the process of learning and teaching.

The deep learning model for AI in education market is anticipated to grow at a CAGR of 52% during the forecast timespan. The technology helps in protecting the teaching profession with tasks such as developing soft skills amongst students, cultivating pupils, and assisting them to train students and motivate them for better education. They offer collaborative learning methodology between teachers, students, and a wider environment with strong social and team-related skills. The advent of technology has hindered deep learning in schools.

Make an inquiry for purchasing this report @https://www.gminsights.com/inquiry-before-buying/2639

Asia Pacific is estimated to be the most lucrative region for AI in education market. The market is estimated to grow at a CAGR of over 51%. The digitalization and supportive government initiatives in the region have a noteworthy impact on the growth of the market. For instance, in 2015, the Japanese government launched Japan Revitalization Strategy, which focuses on the development of advanced robots equipped with AI and machine learning technology. Similarly, the Indian government is also promoting the use of technology education in schools and universities, shaping students into foremost innovators of the AI revolution. The finance ministry of India invested USD 474 million in their Digital India initiative to improve the digital literacy rate in various technologies, such as AI, and providing the internet to rural India.

The key players in the AI in education market are IBM, AWS, Microsoft, Google, Nuance, Century Tech, Blackboard, Pearson, Cognii, Volley.com, Blippar, Knewton, Jenzabar, Content Technologies, PLEIQ, Luilishuo, Pixatel System, and Quantum Adaptive Learning.

AI in education market research report includes an in-depth coverage of the industry with estimates & forecast revenue in USD from 2013 to 2024, for the following segments:

AI in Education Market, By Model

  • Leaner Model
  • Pedagogical Model
  • Domain Model

AI in Education Market, By Deployment

  • On-premise
  • Cloud

AI in Education Market, By Technology

  • Machine Learning
  • Deep Learning
  • Natural Language Processing

AI in Education Market, By Application

  • Learning Platform & Virtual Facilitators
  • Intelligent Tutoring System (ITS)
  • Smart Content
  • Fraud & Risk Management

AI in Education Market, By End-Use

  • Higher Education
  • K-12 Education
  • Corporate Training

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Italy
  • Asia Pacific
    • Australia
    • China
    • India
    • Japan
    • South Korea
  • Latin America
    • Brazil
    • Mexico
  • MEA
    • GCC
    • South Africa

Browse key industry insights spread across 270 pages with 258 market data tables & 44 figures & charts from the report, Artificial Intelligence (AI) in Education Market in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/artificial-intelligence-ai-in-education-market

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free:1-888-689-0688
Email:sales@gminsights.com
Web:https://www.gminsights.com
Blog:https://www.gminsights.com/blogs
Connect with us:Facebook|Google+|LinkedIn|Twitter

Video Streaming Industry analysis research and trends report for 2018-2024

​According to new Global Market Insights, Inc, technology research report Video Streaming Market size is slated to grow substantially in the forecast timeframe propelled by growing demand for on-demand entertainment services, rapid adoption of cloud-based video streaming solutions, and network bandwidth optimization. These drivers have accelerated the adoption of streaming media services in enterprises by providing high-availability web-content, endless data storage, and reduced lag time in content delivery. With the tremendous growth in a number of internet users, the video streaming market is expected to grow faster during the forecast timeline.

Video streaming technology facilitates real-time presentation and distribution of audio, video, and multimedia content over IP network managed by the service providers. It allows a user to view the content in real-time without waiting for the entire file to be downloaded, which saves time and provide the media owners with built-in copy protection. The technology is increasingly being adopted due to the rising data consumption and smartphone penetration, availability of high-speed internet access, and increasing number of digital media players such as Netflix, YouTube, Amazon, iTunes, and Facebook. The emerging trend of enterprise mobility and evolving payment mechanisms, such as third-party wallets and net banking, is expected to drive the on-demand video streaming market. Furthermore, the use of Artificial Intelligence and video analytics to understand the customer behavior is likely to provide new opportunities for the market.

Request for an in-depth table of contents for this report @ https://www.gminsights.com/request-toc/upcoming/2609

Major factors such as connectivity issues, technological issues, a surge in internet traffic, and data loss due to buffering raise concerns for the video streaming market. In addition to this, the disparity among software systems, high content cost, and easy availability of pirated data restrain the market growth.

The online delivery of content can be done using two types, on-demand and programmed-time streaming. On-demand video streaming helps users to play a video at any point of time while programmed-time streaming establishes a channel on a scheduled basis. The video streaming market has penetrated into different user segments including BFSI, education, healthcare, government, travel, and entertainment. The business organizations and educational institutions are witnessing a notable growth of video streaming market for delivering presentations, seminars, and promoting e-learning initiatives. Healthcare sector is also flourishing due to the usage of streaming solutions to improve care coordination and patient engagement; increased collaboration among care teams and to minimize the cost of healthcare facilities.

North America is likely to account for the largest share of the global video streaming market due to the high adoption of digital technology, large-scale investments in streaming solutions, and institutional partnerships. Consumers in this region are spending a huge amount on subscription-video services like Netflix, Hulu, and Amazon, which is likely to boost the market.

The APAC region offers potential growth opportunities led by a boom in video streaming apps, the introduction of high-speed data plans, rising awareness of business productivity among players, and increasing usage of digital media among organizations as traditional broadcasters are shifting their services online. The entry of major and established players in this region is likely to open new avenues for the video streaming market. For instance, Amazon Prime Video has invested in digital entertainment services in India.

Make an inquiry for buying this report @ https://www.gminsights.com/inquiry-before-buying/2609

Some of the key vendors in the video streaming market include Adobe, Microsoft, RealNetworks, Google, Netflix, Amazon, Pandora Media, IBM, Cisco, Apple, Haivision, Brightcove, Hulu, Ooyala, Polycom, Wowza Media Systems, and Vbrick. Companies are adopting various growth strategies, such as acquisition and new product development to expand their presence in the global video streaming market. For instance, in January 2018, Cisco introduced Infinite Video platform, a virtual cloud stack to deliver highly secured video experiences. Similarly, in September 2017, Vimeo acquired the live video streaming platform, Livestream to launch its product Vimeo Live. This integration will provide creators with live streaming capabilities. Such strategic initiatives will help companies to gain the market share and get an edge over competitors.

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde

Corporate Sales, USA

Global Market Insights, Inc.

Phone: 1-302-846-7766

Toll Free: 1-888-689-0688

Email:sales@gminsights.com

Web:https://www.gminsights.com

Blog:https://www.gminsights.com/blogs

Music Production Software Market 2024: Opportunity and Demand Analysis, 2018-2024

​According to new Global Market Insights, Inc, research report Music Production Software Market to grow at a significant rate during the forecast period owing to growing adoption of digital music software and the ease with which the software can be downloaded. The availability of several online tutorial sites and reference articles will help professional musicians as well as music enthusiasts to learn music in a hassle-free manner. Social media platforms, such as Twitter and Facebook, allow artists to gather data regarding their audience so that they can engage with them at a personal level. In addition to this, the availability of music production software that is compatible with devices such as smartphones, laptops, and tablets are expected to drive the music production software market growth during the forecast period.

The music production software can be categorized based on editing, mixing, and recording type. The editing software will account for a high market share due to the software’s ability to change the tuning and pitch of the recorded music. The increasing usage of online cloud-based editing software due to its cost-effectiveness will also contribute to the rapid growth of the music production market growth over the forecast timeline.

Request for an in-depth table of contents for this report @ https://www.gminsights.com/request-toc/upcoming/2607

The music production software market is gaining popularity due to technical advances in web usage that offer advanced teaching methodologies and software with user-friendly interfaces. The low cost and easily deployable software allow users to use it for a variety of purposes such as recording tracks and sound mixing. Moreover, Artificial Intelligence (AI), big data, and music streaming trend continue to provide new opportunities for the music production software market growth. These technologies are continuously employed by the music industry to improve the overall user experience. AI combined with other machine learning algorithms help music providers to understand the users’ listening habits and social media behaviour.

The key challenges for the global music production software market growth include a dearth of trained and skilled professionals, prevalent internet legislation, and availability of pirated content. The industry should tackle these challenges by tracing the sources of illegal distribution and eliminating accidental piracy of the content.

The end-users of music production software include professional and casual users. Professional users will account for the major market share during the forecast period due to the availability of the software at various affordable price ranges. Casual users use this software for learning, analyzing, editing, and broadcasting music.

North America holds a significant share of global music production software market due to the increasing popularity of paid streaming services and various government initiatives to aid the music industry. For instance, CIMA (Canadian Independent Music Association) advocates policies and initiatives, such as Canada Stand, Canada House, and CIMA Music Mission, to promote Canadian music in international markets to ensure the long-term development of the sector.

Make an inquiry for buying this report @ https://www.gminsights.com/inquiry-before-buying/2607

Asia Pacific music production market growth is fueled by the emergence of the digital landscape and the constantly-improving internet connectivity. The increasing usage of Big Data by music streaming service providers leads to more informed and effective advertising messages. Moreover, the growing number of regional players, such as KKBox, JOOX, and Yonder, continue to fetch a large market share of the online music industry. In contrast, low average subscription revenue and prevalence of low-end smartphones among mass-market consumers will hamper the market growth in a few countries.

Some of the prominent vendors in the global music production software market include Ableton, Cakewalk, Steinberg Media, PreSonus Audio, Apple, FL Studio, Cockos, Avid Technology, MOTU, and Propellerhead Software. To attain a competitive advantage over the other players, these players are focusing on new product development strategy. For instance, in March 2018, Tracktion launched a new recording software Waveform 9, with improved Digital Audio Workstation (DAW) to inspire the artist’s creativity. It also offers multi-sampler tools to dissect the beats and 24 track drum loop construction kits for workflow enhancements. Similarly, in March 2017, KORG, Inc. launched new music production software gadgets, Lisbon, Vancouver, and DOTEC-AUDIO DeeMax for Mac. These gadgets allow more detailed editing, provide a high degree of platform interoperability, and simplify the music production process. Such consistent product development and commercializing initiatives are expected to accelerate the market growth during the forecast timeline.

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde

Corporate Sales, USA

Global Market Insights, Inc.

Phone: 1-302-846-7766

Toll Free: 1-888-689-0688

Email:sales@gminsights.com

Web:https://www.gminsights.com

Blog:https://www.gminsights.com/blogs

Software Defined Networking Market Trends Growth Forecast Research 2017-2024

​The technology research report Software Defined Networking (SDN) Market Size By Component (Solutions [Physical Network Infrastructure, SDN Controller, SDN Applications], Services [Professional Services, Managed Services]), By End-Use (Enterprises, Cloud Service Provider, Telecom Service Provider), By Application (BFSI, Consumer Goods & Retail, Government & Defense, Healthcare, Manufacturing, IT Enabled Services), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Spain, Netherlands, Australia, China, India, Japan, South Korea, Brazil, Mexico, GCC, North Africa), Growth Potential, Competitive Market Share & Forecast, 2017 – 2024”, by Global Market Insights, Inc. says Software Defined Networking (SDN) Market set to exceed USD 88 billion by 2024, driven by growing adoption of cloud services and IT convergence.

With most of the companies leveraging SDN technologies for accelerating work-flow automation, software defined networking (SDN) market has been observing robust expansion lately. SDN facilities offer several benefits to leading organizations, some of them being, a rise in resource flexibility, low infrastructure cost, better data center visualization, and growing resource utilization. Pertaining to the same, in addition to considering the growing popularity of open source software, most of the giants in SDN industry have been signing on partnerships with competitors to bring forth innovative SDN facilities. Say for instance, Orange Business Services has recently teamed up with one of the leading behemoths in the SDN industry – Cisco, to develop intent based networking with the help of artificial intelligence. Through this partnership, the firm is also looking forward to encouraging customers to incline toward digitalization and cloud with the adoption of new age software facilities. Numerous other companies are apparently implementing visualization technologies like SDN to speed up their digital transformation with reliability, agility, and cost effectiveness, fueling the commercialization graph of SDN market. Driven by the growing adoption rate of virtualized solution across several sectors including retail, government, banking, healthcare, IT services, and consumer goods, SDN market size has been forecast to grow tremendously over the years ahead.

Request for a sample of this research report @ https://www.fractovia.org/request-sample/808

In recent times, many IT service companies have willingly changed their perspective toward the adoption evolving software-based solutions to resolve several business challenges. Tech giants in SDN market have worked to introduce several scalabilities and performance improvements in SDN components, which has encouraged service companies to deploy SDN facilities across their organizations. Programmable SDN indeed boasts of several benefits, on the grounds of which service companies have lately been demanding these networking services on a large scale, thereby driving SDN market dynamics. Two of the most prominent advantages of SDN that contribute toward fueling SDN industry outlook are mentioned below:

  • Simplicity: SDN helps minimize the load on the network administration and help customers to manage and create their own network for application management. With the help of programmable network components, organizations can access security control and enable innovations via network applications very easily.
  • Agility: The speed of operations in an SDN facility enables easy access to data center networks without any interaction with the network administrator. In fact, by using SDN facilities, companies are now able to build customized automation platform using APIs – an ongoing trend that has majorly stimulated SDN market share.

Pertaining to the abovementioned benefits, a substantial number of IT service companies have implemented SDN in their enterprise. For instance, a few years before, Intel IT adopted a software-defined networking platform to enable networking services. In addition to IT service companies, since the last decade, firms operating in other businesses have also been adopting SDNs and related technologies. The banking sector in particular, has witnessed a significant transformation due to technology innovations and improved methodologies. From the technical point of view, currently, for gaining more profit, banks have been implementing complex computing architectures, data center sets, and vendor relationships. For instance, recently, online tabloids were ablaze with the news of Malaysian banks wanting to implement digitalization, owing to which they have been planning to invest in the latest technologies over the coming three years. More than 50% of Malaysia based banks apparently, are looking forward to inking agreement deals with leading players in SDN industry. The initiatives taken by banks to enhance their technological and digital capabilities for efficient and accurate financial offerings are likely to have a remarkable impact on APAC SDN market share.

Brows More @ https://www.cso.com.au/mediareleases/31707/sdn-market-to-witness-a-staggering-growth-of-54/

Speaking on similar lines, merely a year before, the internet behemoth Google, penetrated Asia SDN market with the intent of transforming the telecom sector with SDN based platforms. In this regard, the firm had already collaborated with Indian telecom operator, Bharti Airtel and the South Korea based SK Telecom. According to the tech magnate, the deployment of SDN based platforms will help telecom networks in the region to adopt new services and traffic patterns very effectively. In addition, the Indian government is also contributing toward the improvement of telecommunication facilities across the country. Recently, under the Smart City Program, the Pune Municipal Corporation collaborated with Google, IBM, RailTel, and L&T to provide Google Station WiFi facility in the city. In essence, the shifting trends toward data revolution are certain to boost India SDN industry size over the years ahead.

Considering the rapid progression of the IT sector, most of the tech companies are constantly focusing on enhancing traditional IT solutions. For instance, the world’s leading mobile provider, China Mobile, has recently deployed Huawei’s cloud computing technology to modernize its data center. In addition, several biggies in SDN industry have been making extensive investments to enhance their existing network protocols and improve their capabilities with the development of new tools. The adoption of tried-and-tested growth tactics such as joint ventures and R&D activities on SDN technologies are also observed to be rampant across this business space. Aided by the rapidly developing technology space, SDN market is expected to amass major gains over the years ahead.

Report Content

Chapter 1. Methodology & Scope

1.1. Methodology

1.1.1. Initial data exploration

1.1.2. Statistical model and forecast

1.1.3. Industry insights and validation

1.1.4. Scope, definition and research parameters

1.2. Data Sources

1.2.1. Primary

1.2.2. Secondary

Chapter 2. Executive Summary

2.1. SDN industry 360º synopsis, 2013 – 2024

2.1.1. Business trends

2.1.2. Regional trends

2.1.3. Component trends

2.1.4. Deployment model trends

2.1.5. Application trends

Chapter 3. Industry Insights

3.1. Introduction

3.2. Industry segmentation

3.3. Industry landscape, 2013 – 2024

3.4. Industry ecosystem analysis

3.5. SDN architecture

3.6. SDN evolution

3.7. SDN Standards

3.8. Technology & innovation landscape

3.9. Industry impact forces

3.9.1. Growth drivers

3.9.1.1. Growing adoption of cloud services and IT convergence

3.9.1.2. Aggressive carrier efforts

3.9.1.3. Increasing investment

3.9.1.4. Benefits offered by SDN

3.9.2. Industry pitfalls & challenges

3.9.2.1. Complexity of SDN architecture

3.9.2.2. Lack of skilled professionals

3.10. Growth potential analysis

3.11. Porter’s analysis

3.12. PESTEL analysis

Browse key industry insights spread across 270 pages with 156 market data tables & 34 figures & charts from this report Software Defined Networking (SDN) Market in detail along with the table of contents at:

https://www.fractovia.org/news/industry-research-report/software-defined-networking-sdn-market

About Fractovia.org

Fractovia.org is one of India’s leading in-house and free news portal. It is fully automated, and operates on a constant premise, interfacing with news sites and offering redesigned breaking features to readers across the globe. Our mission is to offer individuals opportunities for connections with news writers and distributors which they can pursue. We operate by mapping articles pertaining to breaking news, constantly and progressively, against a pre-determined word-based theme, offering important connections to readers and clients, as well as distributers.

Contact Us:

Arun Hegde

Corporate Sales, USA

Fractovia.org

Phone: 1-302-846-7766

Toll Free: 1-888-689-0688

Email: sales@fractovia.org

Website: https://www.fractovia.org

Artificial Intelligence in BFSI Market to reach $25 bn by 2024

​The technology research report “Artificial Intelligence (AI) in BFSI Market Size By Component (Solution [Chatbot, Customer Behavior Analytics, Customer Relationship Management (CRM), Data Analytics & Visualization, Fraud Detection], Service [Professional Service, Managed Service]), By Technology (Machine Learning, Natural Language Processing (NLP), Computer Vision), By Application (Back Office/Operation, Customer Service, Financial Advisory, Risk Management, Compliance & Security), By End-Use (Bank, Insurance, Wealth Management), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Spain, Sweden, Switzerland, Australia, China, India, Japan, South Korea, Singapore, Brazil, Mexico, UAE, Israel, South Africa), Growth Potential, Competitive Market Share & Forecast, 2018 – 2024” by Global Market Insights, Inc. says Artificial Intelligence (AI) BFSI Market set to exceed USD 25 billion by 2024; driven by increasing partnership between financial institutes and fintech companies.

The need to provide an enhanced customer experience is the primary factor augmenting the growth of the AI in BFSI market. As the competition among the market players is mounting day-by-day, companies have started to focus on providing a better experience to the customers to gain the customer loyalty. This encourages financial institutes to integrate advanced analytics tools and solutions to analyze customer data to fulfill their requirement, understand the customer experience, and to make smarter predictions about their behavior and requirements. Furthermore, companies are also looking forward to connecting with the customers on their choice of channels to provide a more seamless experience.

Furthermore, as digitalization is spreading across the globe, customers are becoming more empowered. They have access to a wide array of products offered by the traditional as well as dynamic new entrants. As the choices increase, the customer loyalty becomes more friable and the customer becomes more empowered. The organizations have no option but to remain agile and continuously innovate their business by adopting modern technologies to cater to the high expectations and standards for customers.

Request for a sample of this research report @https://www.gminsights.com/request-sample/detail/2605

The customer behavior analytics solution market is estimated to grow at a CAGR of over 35% during the forecast timespan. The growing demand to analyze the structured and unstructured customer data among the financial institutes to provide a personalized experience to the customers is a major factor affecting the growth of the market. This solution can mine a vast volume of data to extract actionable insights and recommend appealing & personalized offers to the individual customers. Furthermore, the ability of the solution to transform the marketing activities and enhance the customer engagement also drives the demand.

The risk management, compliance, and security applications of the AI in BFSI market are anticipated to grow noticeably at a CAGR of about 40%. The market is driven by the improved demand for advanced machine learning algorithms in Anti-Money Laundering (AML) and fraud detection applications. Unlike the traditional security systems, the AI-powered system can actively learn and calibrate as per the new potential security threats. This solution can detect unique security issues & vulnerabilities and flag the security teams.

The insurance market is estimated to grow at a CAGR of over 38% during 2018-2024. The growth of the market is credited with the adoption of advanced data models and analytics solution among the insurance companies to identify and quantify risks in a better manner. Furthermore, increasing collaboration & partnership activities between the insurers and fintech companies are also the major factors propelling the AI in BFSI market growth.

Europe held more than 20% share in AI in BFSI market. The investments by the tech giants in the region support the market growth. For instance, Amazon Web Services (AWS) invested approximately USD 2.3 million in Max Planck Institute for Intelligent Systems, a Germany-based AI research center for the development of AI and robotics technology. Similarly, in 2016, Google announced the establishment of a new research and development facility in Zurich, Germany.

Make an inquiry for purchasing this report @https://www.gminsights.com/inquiry-before-buying/2605

Asia Pacific AI in BFSI market is estimated to grow at a CAGR of over 40%. The growth is owing to the rising venture capital investments in AI and fintech. China is leading the investment landscape in Asia Pacific with more than USD 8.0 investment in the fintech sector in 2016. Furthermore, the country also accounts for more than 11% share in the global AI investments in 2016. Similarly, India also accounts for significant investments in the AI and fintech sectors.

AI in BFSI market is highly competitive due to the presence of both multinational companies and start-ups. The players are constantly innovating and developing advanced products to cater to the growing customer demand. The prominent vendors of the AI solution in BFSI sector are Microsoft, Google, Intel, IBM, AWS, Salesforce, Oracle, SAP, Palantir, IPsoft, Inbenta, Lexalytics, Interaction, and Next IT. The multinational companies, such as AWS, Google, and Microsoft, account for the majority of the share in the market. However, some start-ups, such as Inbenta, Lexalytics, and Interactions, also play a vital role in the overall market.

The global AI in BFSI market research report includes in-depth coverage of the industry with estimates & forecast revenue in USD from 2013 to 2024, for the following segments:

AI in BFSI Market, By Component

  • Solution
    • Chatbot
    • Customer Behavior Analytics
    • Customer Relationship Management
    • Data Analytics & Visualization
    • Fraud Detection
    • Others
  • Service
    • Professional Service
    • Managed Service

AI in BFSI Market, By Technology

  • Machine Learning & Deep Learning
  • Natural Language Processing
  • Computer Vision
  • Others

AI in BFSI Market, By Application

  • Back Office/Operation
  • Customer Service
  • Financial Advisory
  • Risk Management, Compliance & Security
  • Others

AI in BFSI Market, By End-Use

  • Bank
  • Insurance
  • Wealth Management

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Sweden
    • Switzerland
  • Asia Pacific
    • Australia
    • China
    • India
    • Japan
    • South Korea
    • Singapore
  • Latin America
    • Brazil
    • Mexico
  • MEA
    • UAE
    • Israel
    • South Africa

Browse key industry insights spread across 320 pages with 200 market data tables & 25 figures & charts from the report, Artificial Intelligence (AI) in BFSI Market in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/artificial-intelligence-ai-in-bfsi-market

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free:1-888-689-0688
Email:sales@gminsights.com
Web:https://www.gminsights.com
Blog:https://www.gminsights.com/blogs
Connect with us:Facebook|Google+|LinkedIn|Twitter