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Swarm Computing Market - Positive long-term growth outlook 2017 - 2027

12-14-2017 01:30 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Future Market Insights

/ PR Agency: Future Market Insights
Swarm Computing Market - Positive long-term growth outlook 2017

Swarm computing being in the development stage has gained attention of many researchers in North America and Europe, majorly. Swarm computing focuses on forecasting problems and amplifying human intelligence by assembling groups to take collective decisions for providing the necessary information. Swarm computing, working on artificial intelligence, therefore, assists a user in better decision making.In addition to this, the advancements in research of both, IoT and swarm computing, complement each other, which henceforth, results into combining the features of both for delivering enhanced performance.

Swarm Computing, as a market is starting to gain power in recent times due to its increasing applications in various sectors.For instance, swarm computing can be used in nanobots to kill the cancer tumour within the human body, supplying its applications in the field of healthcare.

Swarm Computing Market: Drivers and Restraints

Automation provided due to features of swarm computing, such as artificial intelligence & limiting time delays, expedites the growth of swarm computing market. Swarm computing follows a specific algorithm, henceforth, enables improved decision making capabilities and gives enhanced results. This leads to an increased adoption of product in domains such as robotics, where artificial intelligence plays the primary role. This is a major driver for swarm computing market

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Swarm computing is still in its development stage because of lack of knowledge and resources, which hampers its growth and adoption. This acts as the primary restraint for swarm computing market.

Global Swarm Computing Market Trends

The primary application of swarm computing lies in robotics where major players are trying to leverage swarm computing to achieve better performance via artificial intelligence in their bots.

Global Swarm Computing Market Technology Regional Overview

North America and Europe dominates the global swarm computing market due to the innovative technological advancements in the field of artificial intelligence in the respective regions. APAC follows North America & Europe and expects growth in the forecast period, in global swarm computing market.

Global Swarm Computing Key Players

Some of the major swarm computing global players include Swarm Technology, Valutico, Sentien Robotics, LLC. , and AxonAI, Inc.

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Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.

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