Press release
Smart Machines Market Estimated to Rise at 18.8% CAGR by 2024
Smart machines are deployed to setup distributed intelligence in various manufacturing industries and improve networked resources. Assimilation of such smart devices is resulting in the formation of enhanced networking paths. In addition, smart machines can be easily connected to larger networks of connected devices, allowing users to share data to various devices. Thus, ensuring users to access or connect their devices at anytime from anywhere. This, in turn, is anticipated to drive the growth of the global market for smart machines. Demand for smart machines, especially in Australia is expected to grow at a substantial rate over the next few years attribute to the rapid adoption of smart machines in various industries in the country.
Autonomous robots are likely to find higher applications in commercial and agriculture sector in order to tackle impediments such as labor shortage in the country. Companies based in Australia are increasing investing in advanced technological solutions such as IoT.
Browse Complete Report @ http://www.persistencemarketresearch.com/market-research/smart-machines-market.asp
Smart machines are designed to assist in decision making in an efficient manner.
These machines run of artificial intelligence enabling them to learn from their operational interactions and increase their precision with passing time. Thereby, advancement in artificial intelligence is encouraging companies to switch to systems that are more efficient and smarter. For instance, Narrative Science Inc., a leading company is providing analytical solutions, uses a technology known as “virtual assistant quill” based on natural language processing for providing smart analytical solutions.
Based on components, the global market for smart machines has been segmented into service hardware and software. Demand for smart machines software and hardware is growing due to increasing requirement for processing and analyzing of big unstructured data amongst various sectors such as healthcare manufacturing, defense, and aerospace. By machine type, the global market for smart machines has been segmented into drones autonomous cars, robots, wearable electronics and others.
A sample of this report is available upon request @ http://www.persistencemarketresearch.com/samples/8872
Based on technology, the global market for smart machines has been segmented into robotics, cloud computing, internet of everything (IoE), big data, effective technology, and cognitive technology. The effective technology segment is anticipated to expand at a healthy CAGR during the forecast period. Due to increasing technological discrepancies in cognitive computing faced by enterprises, demand for affective computing is expected to rise. Through the implementation of cognitive computing technology, robots and smarts machines are enabled with emotion linking that can assist the robot while performing complex tasks and on decision making, which is mostly rational.
On the basis of region, the global market for smart machines is segmented into Asia Pacific, North America, Europe, and the Middle East and Africa (MEA). North America, Asia Pacific, and Europe are foreseen to witness strong growth rates through 2024. MEA is comparatively a smaller but important market as demand for smart machines is growing in the region owing to higher government investments in this several public sectors in order to digitize government services. In terms of revenue, the market in Europe in anticipated to gain healthy market shares over the forecast period. This is mainly due to the growing demand for smart machines from the manufacturing and automobile industries in countries such as France and Germany. In 2015, The APAC region accounted for the largest market share and is anticipated to gain 232 BPS by 2024.
Request to view table of content @ http://www.persistencemarketresearch.com/market-research/smart-machines-market/toc
Vendor News
Key participant operating the global market for smart machines include Microsoft Corporation, Creative Virtual Ltd., IBM Corporation, Rethink Robotics, Rockwell Automation, Inc., Apple Inc., Google Inc., BAE Systems, General Electric Co. Digital Reasoning Systems, Inc., Narrative Science Inc., and ABB Limited.
Summary: Effective technology will continue to be the most dominating segment of the global market for smart machines during the forecast period.
About Us
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.
To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
Contact Us
Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
Web: http://www.persistencemarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Smart Machines Market Estimated to Rise at 18.8% CAGR by 2024 here
News-ID: 659123 • Views: …
More Releases from Persistence Market Research Pvt.Ltd
Global Food Fiber Market is forecast to expand at a CAGR of 5.7% from 2017 to 20 …
Some of the prominent players operating in the global food fiber market are J. RETTENMAIER & SÖHNE GmbH, Co KG, Kerry Group, Grain Processing Corporation, Nexira, SunOpta, Inc., Ingredion Roquette Frères S.A., Archer-Daniels-Midland Company, Tate & Lyle plc, and Cargill, Inc., notes Persistence Market Research (PMR). Several of these players are investing on advanced fiber fortification technologies for developing innovative formulations that have a variety of functional health benefits, in…
In Vitro Protein Expression Market Accounting for US$ 250 Mn in 2025
Persistence Market Research has come up with an analytical research publication titled “In Vitro Protein Expression Market: Global Industry Analysis (2012-2016) and Forecast (2017-2025).” The comprehensive in vitro protein expression market research report focuses on various trends, developments, opportunities, restraints, drivers and challenges impacting the growth of the global in vitro protein expression market. These factors vary in magnitude in different regions for which a detailed analysis is covered in…
Tert-Amyl Methyl Ether Market Estimated to Experience a Hike in Growth by 2025
Introduction
Ether compounds such as MTBE, ETBE, TAEE and TAME are used in fuel especially in gasoline in order to improve the combustion properties of fuels. Among these compounds, Tert-Amyl Methyl Ether used as oxygenated additive for the gasoline. Tert-Amyl Methyl Ether, formula (CH3)3 CH2COCH3, is an organic compound, used in fuel to improve its octane number. TAME is generally produced through the catalytic reaction between methanol (MeOH) and the 2-methyl-2-butene…
Radar Simulator Market Significant Profits Estimated to be Generated by 2025
Radar simulator market is on upward scale, owing to increase in adaptation of modern technologies for the training purpose in commercial and military aircrafts & ships. Radar simulator is either software solution or combination of both software and hardware. Radar simulators emulate various radars and initiate their working to provide users with an artificial and apt environment for radar training and functional/system testing. The software solutions can be installed in…
More Releases for CAGR
[CAGR of 6.7%] Nanocoatings Market Size, Industry Share, CAGR, Regional Forecast …
The global Nanocoatings Market generated $10.7 billion in 2020, and is projected to reach $20.1 billion by 2030, growing at a CAGR of 6.7% from 2021 to 2030. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.
Download sample PDF @ https://www.alliedmarketresearch.com/request-sample/2064
According to the report published by Allied Market Research,…
[CAGR of 5.3%] Pigments Market Size, Industry Share, CAGR, Regional Forecast, 20 …
A recent report by Allied Market Research provides a detailed analysis of the pigments market, highlighting its robust growth. The industry was valued at $27.2 billion in 2022 and is projected to surge to $45.4 billion by 2032, exhibiting an impressive CAGR of 5.3% from 2023 to 2032.
This research report identifies the growth drivers behind the market's expansion and delves into the market dynamics using advanced analytical frameworks…
[CAGR of 5.5%] Silica Flour Market Size, CAGR, Competitive Analysis and Forecast …
The global silica flour industry generated $520.0 million in 2021, and is estimated to reach $876.3 million by 2031, witnessing a CAGR of 5.5% from 2022 to 2031.
Allied Market Research published a report, titled, "Silica Flour Market by Type (Quartz, Cristobalite), by Application (Fiberglass, Glass and Clay, Oil Well Cement, Ceramic and Refractory, Foundry, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031." The report offers a detailed analysis…
Enzymes Market Expansion CAGR of 4.9% CAGR Anticipated 2025-2034
The Enzymes Market report is an in-depth examination of the global Enzymes Market's general consumption structure, development trends, sales techniques, and top nations' sales. The research looks at well-known providers in the global Enzymes Market industry, as well as market segmentation, competition, and the macroeconomic climate. A complete Enzymes Market analysis takes into account a number of aspects, including a country's population and business cycles, as well as market-specific microeconomic…
Electric Bed Market CAGR, Size, Share Grow USD 2,063 Million by 2030 CAGR 13.70%
Global electric bed market size is expected to be worth roughly USD 2,063 million by 2030, growing at a CAGR of more than 13.7% during the projected timeframe of 2022-2030, according to Ameco Research
A significant portion of the population over the age of 60, who often have reduced immunity levels and are more susceptible to neurological disorders, cardiac issues, tumors, and spinal cord compression, is anticipated to have a substantial…
Call Center AI Market Latest, CAGR, Volume and Value 2022-2030 | (CAGR) of 25%
New York , United States- Report Ocean published the latest research report on the Call Center AI market. In order to comprehend a market holistically, a variety of factors must be evaluated, including demographics, business cycles, and microeconomic requirements that pertain precisely to the market under study. In addition, the Call Center AI market study demonstrates a detailed examination of the business state, which represents creative ways for company growth,…
