Tag: marketsandmarkets

Cloudy Robots creating a storm

Posted on February 28, 2018 by - News

lightning-cloudNew research from MarketsandMarkets claims that robots using cloud technologies will see market growth at a CAGR of 28.1 per cent from 2017 to 2022.

According to the report, Cloud Robotics Market by Component (Software and Services), Service Model (IaaS, PaaS, and SaaS), Application, Deployment Model (Public, Private, and Hybrid Cloud), End-User (Verticals and Third-Party Users), and Region – Global Forecast to 2022, the market will grow from $2.2 billion  (£1.6 billion ) in 2017 to $7.5 billion  (£5.4 billion ) in 2022.

MarketsandMarkets says the spread of cloud technology, combined with broad spectrum use of wireless technologies, the growth of the Internet of Things, artificial intelligence (AI) development and machine learning offerings will be the biggest drivers for the cloud robotics space.

Platform as a Service (PaaS) will be the fastest growing segment “because it enables enterprises to develop, run and manage software and tools without the hassle of maintaining and updating the hardware and software infrastructure”.

“…enterprises of all sizes are globally adopting the PaaS segment because of its simplicity, scalability and reliability. In addition to this, PaaS applications have a high adaptability rate, due to their latest features, such as easy upgradation,” MarketsandMarkets said.

Manufacturing will be the largest vertical in 2017. It pointed to the industry using robotic technology to drive operational efficiencies and cut costs.

The report added: “Manufacturers are benefiting from robot simulations, which are increasing the efficiency of production processes, quality control, predictive maintenance and product innovation. It helps companies in reducing the production time, as well as the costs associated with it.”

In addition to IBM, Microsoft, Google and Amazon Robotics, MarketsandMarkets also names U.S. firms CloudMinds, Hit Robot Group and Tend, Canada’s C2RO, UK’s Ortelio, Japan’s Rapyuta Robotics and Singapore’s V3 Smart Technologies as key players to watch.

 

 

Internet of Fings ain’t going to be what they used to be

Posted on June 12, 2017 by - News

fings-ain-t-wot-they-used-t-be-all-star-studio-cast-recordingMarketsandMarkets analysts think that the IoT Node and Gateway Market will grow like topsy.

In its latest market research report with the punchy title “IoT Node and Gateway Market by Hardware (Processor, Connectivity IC, Sensor, Memory Device, Logic Device), by End-Use (Wearable Devices, Healthcare, Consumer Electronics, Building Automation, Industrial, Retail), and Geography – Global Forecast to 2023” MarketsandMarkets said the market will register a shipment of 17.18 Billion units by 2023.

This means that it will grow 30.9 percent between 2017 and 2023.

The market has an enormous potential of growth in various end-use applications such as retail, BFSI, and aerospace and defence, the report said.

The major factor driving the growth of the IoT node and gateway market are improved internet connectivity in technologically advanced countries and increased IP address space and better security provided by IPv6.

Emerging economies such as India, China, and Brazil, the improving IT infrastructure, along with business-friendly initiatives by government organisations is driving the growth of the IoT node and gateway market.

The IoT node and gateway market for connectivity IC, by hardware, held the largest share in 2016. The increasing demand for better edge devices connectivity and significant developments in low-power connectivity technologies such as Wi-Fi, Bluetooth, and Bluetooth low energy (BLE) are the key contributing factors leading to the largest market share of connectivity ICs in 2016.

BFSI end-use application is expected to grow at the highest rate during the forecast period.

The mass adoption of online banking, contactless payment, and mobile banking apps has increased significantly. Banks are trying to create intelligent and personalized customer cross-selling opportunities. The shipment of the BFSI end-use application in the IoT node and gateway market would largely be driven by the increasing adoption of mPOS, the report said.

In 2016, North America held the largest share of the IoT node and gateway market, in terms of volume. North America is one of the fastest-growing markets in terms of technological advancement, manufacturing operations, and infrastructure.

The wide-scale adoption of IoT technologies in several industries such as retail, automotive and transportation, and healthcare is the key factor supporting the growth of the IoT node and gateway market in this region.

IT security market worth $170 billion by 2020

Posted on March 10, 2016 by - News

BouncerFoxFeatureThe IT security market will be worth $170 billion by 2020, which means growing by $100 billion from now.

India-based firm MarketsandMarkets says the 2020 total includes security technologies like data leak prevention, denial of service attack mitigation, and compliance, along with security services.

“MarketsandMarkets expects the global cyber security market to grow from US$106.32 billion in 2015 to US$170.21 billion by 2020, at a compound annual growth rate of 9.8 percent,” MarketsandMarkets said.

Gartner  said something similar its latest November figures predicted security spend pegged at $75 billion are reckoned be worth $91 billion by the end of the year. Big G said the security industry will be worth some $116 billion by 2019 with security services including consulting, hardware support, and outsourcing adding a further $73 billion by 2019.

Most of the cash appears to be being spend in North America  while significant revenue growth is expected from Latin America and Asia-Pacific regions. The most popular is expected to be managed security services.