AI Market 2024: Global Trends, Type, Size, Application, Drivers And Trends By Forecast 2030

AI Market Share 2030 Research Report Analysis and Outlook Insights | Latest Updated Report | is segmented into Offering (Hardware, Software), Technology (ML (Deep Learning (LLM, Transformers (GPT 1, 2, 3, 4)), NLP, Computer Vision), Business Function, Vertical, and Region. The report presents the research and analysis provided within the Artificial Intelligence (AI) Market Research is meant to benefit stakeholders, vendors, current trends, opportunities and other participants in the industry. It includes his CAGR status of the market and provides important information on how the market has progressed over time. The Artificial Intelligence (AI) Market report is an invaluable tool for businesses as it provides a comprehensive overview of market dynamics, SWOT analysis, and future strategies that will help your business succeed in the future.

Who is the largest Manufacturer of Artificial Intelligence (AI) Market worldwide?

Google (US), Microsoft (US), IBM (US), Oracle (US), AWS (US), Intel (US), Salesforce (US), SAP (Germany), Cisco (US), Meta (US), HPE (US), Siemens (Germany), Huawei (China), NVIDIA (US), Baidu (China), SAS Institute (US), OpenAI (US), H2O.ai (US), iFLYTEK (China), Alibaba Cloud (China), General Vision (US), Darktrace (UK), Blackberry Limited (Canada), DiDi Global (China), Face++ (China), Inbenta (US), Anju Software (US), Butterfly Network (US), Atomwise (US), AIBrain (US), SK Hynix (South Korea), Progress (US), PrecisionHawk (US), AgEagle Aerial System (US), Neurala (US), Twitter (US), Aurea Software (US), Persado (US), 8x8 (US), Appier (Taiwan), GumGum (US), IPRO (US), Graphcore (UK), Preferred Networks (Japan), Applied Brain Research (Canada), Pilot AI (US), Iris Automation (US), Gamaya (Switzerland), ec2ce (Spain), Descartes Labs (US), Mythic (US), Ada (Canada), Mostly AI (Austria), Sentient.io (Singapore), Lumen5 (Canada), AI Superior (Germany), Fosfor (India), Intrinsic (US), Jasper (US), Soundful (US), Writesonic (US), One AI (Israel).

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The global AI Market Size is expected to grow at a Compound Annual Growth Rate (CAGR) of 36.8% during the forecast period, to reach USD 1,345.2 billion by 2030 from USD  150.2 billion in 2023. The adoption of artificial intelligence (AI) Market growth has been remarkable since its introduction, leading to significant growth in the global market. This growth attributed to the increasing demand for artificial intelligence technologies across diverse industry verticals..

Artificial Intelligence (AI) Market Segmentation:

This Market is divided By Component, By Service, By Organization Size, By Deployment Mode, By Industry and By Region.

Future Market Analytics Focus Points:

• SWOT Analysis
• Key Market Trends
• Key Data -Points Affecting Market Growth
• Revenue and Forecast Analysis
• Growth Opportunities for New Entrants and Emerging Players
• Key Player and Artificial Intelligence (AI) Market Growth Matrix

What are the factors driving the growth of the Digital Transformation Consulting Market?

The report focuses on the Artificial Intelligence (AI) Market size, segment size (mainly covering product type, application, and geography), competitor landscape, recent status, and development trends. Furthermore, the report provides detailed cost analysis, supply chain.

Technological innovation and advancement will further optimize the performance of the product, making it more widely used in downstream applications. Moreover, Consumer behaviour analysis and market dynamics (drivers, restraints, opportunities) provides crucial information for knowing the Artificial Intelligence (AI) Market.

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Five Forces and Pestle analysis:

To better understand the market situation, a five-force analysis is conducted, including buyer bargaining power, supplier bargaining power, threat of new entrants, threat of substitutes, and threat of competition.

• Politics(political policy and stability, trade, finance, tax system)
• Economics(interest rates, employment or unemployment rates, commodity costs, exchange rates)
• Social(family demographics, education level, changing cultural trends, changing attitudes, changing lifestyle)
• technology(digital or mobile technology changes, automation, research and development)
• Law(labour law, consumer law, health and safety, international and trade regulations and restrictions)
• Environmental(climate, recycling processes, carbon footprint, waste management, sustainability)

Which regions are leading the Artificial Intelligence (AI) Market?

• North America (United States, Canada and Mexico)
• Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
• Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
• South America (Brazil, Argentina, Columbia etc.)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Artificial Intelligence (AI) Market: Drivers and Restraints:

The report provides valuable information on the production costs, supply chain dynamics, and raw materials that are essential to the Artificial Intelligence (AI) Market. It also analyses the impact of COVID-19 on the industry and provides recommendations on how businesses can adapt to the changing market conditions. The report identifies key market restraints, such as economic constraints in emerging countries and business market obstacles. By understanding these risks and challenges, businesses can develop strategies to mitigate them and achieve long-term success in this exciting and dynamic industry.

Artificial Intelligence (AI) Market Report Highlights:

• A comprehensive look at the Artificial Intelligence (AI) Industry
• Changing Artificial Intelligence (AI) Market trends in the global industry
• Historical and forecast size of the Artificial Intelligence (AI) Market in terms of Revenue (USD Million)
• Detailed market segmentation analysis at a various level such as type, application, end-user, and regions
• Current Artificial Intelligence (AI) industry growth and market trends
• Key player analysis and Competitive Landscape analysis for the Artificial Intelligence (AI) Market
• Key Product presents by Major Players and business strategies used
• Key challenges encountered by operating players in the market space
• Analysis of major opportunities and risk factors linked with the market operations

Some of the Key Questions Answered in this Report:

• What trends, challenges and barriers will influence the development and sizing of the global market?
• SWOT Analysis of each defined key player along with its profile and Porter’s five forces analysis to complement the same.
• What is the Artificial Intelligence (AI) Market growth momentum or market carriers during the forecast period?
• What are the global trends in the Artificial Intelligence (AI) market? Would the market witness an increase or decline in the demand in the coming years?
• What is the estimated demand for different types of products in Artificial Intelligence (AI)? What are the upcoming industry applications and trends for Artificial Intelligence (AI) market?
• What Are Projections of Global Artificial Intelligence (AI) Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about Import and Export?
• Where will the strategic developments take the industry in the mid to long-term?
• What are the factors contributing to the final price of Artificial Intelligence (AI)? What are the raw materials used for Artificial Intelligence (AI)?
• How big is the opportunity for the Artificial Intelligence (AI) market? How will the increasing adoption of Artificial Intelligence (AI) for mining impact the growth rate of the overall market?
• Which region may tap the highest market share in the coming era?
• Which application/end-user category or Product Type may seek incremental growth prospects?
• What focused approach and constraints are holding the Artificial Intelligence (AI) market demand?

The report specifically highlights company profiles with regional outlook, product portfolio, sales data, distribution chain, manufacturing, new market entrants as well as existing market players, advertising, brand value, popular products, demand and supply, and other important factors to help the new entrants understand the market scenario better.

Important factors like strategic developments, government regulations, end-users, target audience, distribution network, branding, product portfolio, market share, threats and barriers, growth drivers and latest trends in the industry are mentioned.

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About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
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MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

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USA: +1-888-600-6441

Email: sales@marketsandmarkets.com

Managed Detection and Response Market Outlook, Recent Trends And Growth Forecast 2024-2028

The global Managed Detection and Response Market size is projected to grow from USD 3.3 billion in 2023 to USD 9.5 billion by 2028, at a Compound Annual Growth Rate (CAGR) of 23.3% during the forecast period, according to a new report by MarketsandMarkets™. The growth of the MDR market is driven by factors such as increasing cyber threats like business email compromise, ransomware, and crypto-jacking, the shortage of cybersecurity skills and overwhelming alert volumes, government regulations and compliance requirements, and the proliferation of IoT devices which fuel the demand for MDR to address the associated security risks.

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Managed Detection and Response Market Dynamics:

Drivers:

1. Growing incidents of business email compromise, ransomware, and crypto-jacking threats.
2. Addressing gap in cybersecurity skills and overwhelming alert volumes
3. Government regulations and need for compliance to drive adoption of MDR services
4. Technological proliferation and increasing penetration of IoT

Restraints:

1. Lack of trust in third-party applications.
2. Cost of MDR services to be inhibitor for organizations
3. False positives to hinder effectiveness of MDR services

Opportunities:

1. Introduction of ML/AI-powered MDR services.
2. Increasing adoption of MDR across SMEs
3. The benefits of scalability for MDR services

List of Key Players in Managed Detection and Response Market:

• CrowdStrike (US)
• Rapid7 (US)
• Red Canary (US)
• Arctic Wolf (US)
• Kudelski Security (Switzerland)
• SentinelOne (US)
• Proficio (US)
• Expel (US)
• Secureworks (US)
• Alert Logic (US)
• Trustwave (US)
• Mandiant (US)
• Binary Defense (US)

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Managed Detection and Response is an approach used by enterprises to predict future failure points as well as monitor the condition of an asset in real-time. Besides passive monitoring, the Managed Detection and Response technique leverages ML algorithms that take critical historical data, such as temperature, pressure, and vibration, as an input, thus providing prediction related to the condition of an asset in real-time. This, in turn, enables enterprises to significantly reduce unplanned machine downtime and decide whether any particular asset needs maintenance. Managed Detection and Response ensures the machine is taken for maintenance before it fails, due to which there are minimal losses in production. Traditional maintenance software currently cannot manage these expectations, as these maintenance solutions are reactive and periodic, which might affect the productivity of an enterprise due to unexpected downtime of the asset. Managed Detection and Response solutions leverage technologies, such as Artificial Intelligence (AI), Internet of Things (IoT), and big data, to gather meaningful insights from all the data received from the machines, thus helping in taking necessary actions before the breakdown of the asset.

Public Cloud segment to account for a larger market size during the forecast period

Public cloud deployment mode in the Managed Detection and Response market offers a cloud-based environment and is available to the general public over the internet. It requires minimal investment, no hardware setup, and no infrastructure management. It is a type of virtual network environment wherein various service providers provide cloud-based analytical solutions. Organizations are moving their complex core applications to public cloud due to its compatibility, security, and performance.

Government and Defense vertical to have the largest market size during the forecast period

Government and public institutions are shifting toward a digital mode of operations, with the developed IT infrastructure in place, to improve reliability and efficiency. Government and public authorities are taking various initiatives, such as smart cities and traffic management, to enhance the lifestyle of its citizens and administer the cities. Public sector organizations all over the world have the responsibility of employing high-value assets and operations associated with utilities, public venues, roads, bridges, transit and mobility systems, airports, ports, and public health systems.

APAC to hold higher CAGR during the forecast period

The Managed Detection and Response market has been segmented into five major regions: North America, Europe, APAC, Latin America, and MEA. APAC is expected to grow at a good pace during the forecast period. The region will be booming, as it is experiencing a lot of new entrepreneur setups, which would be looking forward to acquiring new customers and gaining customer trust by involving new paradigms of maintenance technologies to have a competitive advantage over the established players. Managed Detection and Response vendors in this region focus on innovations related to their product line. China, Japan, India, and Bangladesh have displayed ample growth opportunities in the Managed Detection and Response market.

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About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: +1-888-600-6441

Email: sales@marketsandmarkets.com

Digital Badges Market Size, | Industry Growth, Upcoming Trends And Forecast Upto 2030

The Digital badges market is estimated at USD 0.2 billion in 2023 and is projected to reach USD 0.5 billion by 2028, at a CAGR of 16.5% from 2023 to 2028. The digital badge system helps in promoting the professional development and recognizing the employee skills in a transparent manner. It is designed to motivate employees to participate in the professional development program and acknowledge their completion of learning programs.

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Leading Companies in Digital Badges Market:

• Digital badges Pearson (UK)
• Instructure (US)
• SkillSoft Corporation (US)
• PeopleCert (UK)
• Accredible (US)
• Parchment (US)
• EbizON (India)
• Accreditrust Technologies (US)
• Badgecraft (Lithuania)
• Badge List (US)
• Bestr (Italy)
• Basno (US)
• Saarni Learning Oy (Finland)

By end user, academic segment is estimated to account for the largest market share in 2023.

Digital badges have gained popularity in academic settings due to their numerous advantages for educational institutions and learners. These badges serve as digital representations of specific achievements or skills earned by students. They offer micro-credentialing, recognizing granular accomplishments beyond traditional grades or degrees. Digital badges serve as motivators, encouraging student engagement and progress. They support personalized learning by aligning with individual pathways and interests. Portability and shareability make it easy for students to showcase their badges on various platforms, enhancing their digital presence. Moreover, digital badges provide evidence of skills and competencies, boosting students' employability. They promote lifelong learning, provide feedback and assessment, and foster collaboration and recognition within academic communities. By incorporating digital badges, academic institutions can enhance motivation, personalize learning experiences, and provide valuable credentials to students.

By type, certification badge is expected to register the largest market size during the forecast period.

Certification digital badges are digital credentials that verify an individual's successful completion of a specific training program, course, or certification. These badges serve as a visual representation of the individual's mastery of knowledge and skills in a particular area. They are typically issued by educational institutions, professional organizations, or industry bodies. Certification badges serve as a valuable tool for career advancement. They demonstrate a commitment to continuous learning and professional development, which is highly valued in many industries. These badges can open new job opportunities, promotions, or higher salaries, as they validate the individual's specialized knowledge and skills. certification badges contribute to building professional networks and communities Furthermore, certification digital badges provide a convenient and easily shareable form of credential. They can be displayed on professional websites, social media profiles, or online portfolios, making it easier for individuals to showcase their qualifications to a wider audience. Certification badges also benefit employers and clients by providing a reliable means of evaluating a candidate's qualifications. These badges offer a quick and visual way to assess an individual's expertise, streamlining the hiring or selection process.

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Market Players

The major vendors covered in the Digital badges Pearson (UK), Instructure (US), SkillSoft Corporation (US),  PeopleCert (UK), Accredible (US), Parchment (US), EbizON (India), Accreditrust Technologies (US), Badgecraft (Lithuania), Badge List (US), Bestr (Italy), Basno (US), Saarni Learning Oy (Finland), ForAllSystems (US), LearningTimes (US), Nocti Business Solutions (US), Knowledge Catalyst, Learning Vault, Hyperstack (US), TruScholar (India), CredSure.io (Germany), CertifyMe (US), Convergence.Tech (Canada), Open Badge Factory (Finland), Sertifier (US), Certopus (India), and Virtualbadge.io (Germany).

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: +1-888-600-6441

Email: sales@marketsandmarkets.com

 

Video Management System Market Size 2023: Is Evolving Rapidly With Economic Growth, Demand, And Forthcoming Opportunities

The global Video Management System Market size is expected to grow from USD 10.9 billion in 2022 to USD 31.0 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 23.1%  during the forecast period, according to report published by MarketsandMarkets. The market’s growth can be attributed to the increasing awareness and rising investments in big data security solutions across global organizations operating across verticals.

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Leading Companies in Video Management System Market:

• Bosch (Germany)
• Hanwha Techwin Co (South Korea)
• Honeywell International (US)
• Schneider Electric (France)
• Axis Communications (Sweden)
• Johnson Controls International (Ireland)
• Hikvision Digital (China)
• Netapp (US)
• Dahua Technology (China)
• Kedacom (China)

Intelligent Streaming segment to grow at the highest market share during the forecast period

With advancements in technologies and cloud computing, the video monitoring system has become more important in the VMS system. End users are looking for more flexible and intelligent video solutions which help them use video data for more advanced analysis effectively. The intelligent streaming solutions, based on the combination of the streaming video and VMS platform, offer an integration scheme for capturing video data, such as video content, video retrieval, and video playback. Basically, intelligent streaming is the process of detecting video network conditions and automatically adjusting the properties of a video to improve the quality of the VMS system. In video streaming, end users do not have to download the video; instead, they can view it online on the web browser or mobile app. The companies are offering various features in the intelligent streaming solutions: video recording, web board, layout screen, video wall, auto discovery, failover and redundancy, multi-streaming, live and recorded video viewing, real-time viewing, and fast access to live and recorded videos. Its advanced features include zoom functionality in a live and recorded video, an object navigator, and a graphical timeline.

Retail segment is expected to grow at a highest market share during the forecast period

In the retail industry, a video surveillance system has proved to be extremely useful. The retail verticals mission is to increase client retention by providing high-quality services. The retail vertical includes shopping malls, small retail stores, and shopping complexes that operate in high-traffic areas. Customers are always present in shopping centers. As a result, an attacker can easily spread the infection. Physical acid surveillance, on the other hand, is crucial for them. As a result, video surveillance is a critical component in the retail industry, where the risk of theft and scams is extremely high. Employee and customer theft, missing goods, and shoplifting are the most common types of scams. The video surveillance software not only provides a secure environment for customers and employees but also assists stakeholders in integrating their POS and ATM systems with the VMS platform to achieve higher levels of quality in the business process. To manage stores that are geographically distributed, retail stakeholders can now adopt cloud-based VMS solutions.

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Market Players

Key and innovative vendors in the video management system market are Bosch (Germany), Hanwha Techwin Co (South Korea), Honeywell International (US), Schneider Electric (France), Axis Communications (Sweden), Johnson Controls International (Ireland), Hikvision Digital (China), Netapp (US), Dahua Technology (China), Kedacom (China), Verint Systems (US), Mindtree (India), Axxonsoft (US), eInfochips (US), Avigilon Corporation (Canada), Panasonic i-PRO Sensing Solutions (US), Panopto (US), Backstreet Surveillance (US), Eagle Eye (US), Arcules (US), Rhombus (US), ButterflyMX (US), Qumulex (US), Hakimo (US), Sighthound (UK), Camcloud (Canada), Pelco (US), Genetec (Canada), Verkada (US), Milestone Systems (Denmark), identiv (US), March Networks (Canada), IndigoVision (US), Qognify (US), Senstar (Canada), Exacq technologies (US), and American Dynamics (US).

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are moulded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit MarketsandMarkets™  or follow us on Twitter, LinkedIn and Facebook.

Contact: 
Mr. Aashish Mehra 
MarketsandMarkets™ INC 
630 Dundee Road
Suite 430 
Northbrook, IL 60062 
USA: +1-888-600-6441 
Email: sales@marketsandmarkets.com 

 

Smart Buildings Market Size 2024: Global Trends, Type, Application, Drivers And Trends By Forecast 2026

Smart Buildings Market size is expected to grow from USD 72.6 billion in 2021 to USD 121.6 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 10.9% during the forecast period. The major drivers for the Smart building include the rising adoption of IoT-enabled building management system, rising awareness of space utilization, increased industry standards and regulations, and increase demand for energy-efficient system.

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Leading Companies in Smart Buildings Market:

• 75F (US)
• ABB (Switzerland)
• Aquicore (US)
• Bosch (US)
• BuildingIQ (US)
• Cisco (US)
• CopperTree Analytics (Canada)
• ENTOUCH (US)
• Hitachi (Japan)
• Honeywell (US)
• Huawei (China)
• IBM (US)
• Igor (US)
• Intel (US)
• Johnson Controls (Ireland)

The safety and security management solution in the solution type segment is expected to lead the Smart buildings market in 2021.

Security is an integral part of smart buildings. Smart buildings enable occupant safety and security with the help of security solutions integrated with the smart building system. These buildings help in emergency preparedness and management, wherein benefits from new technologies and their integration via advanced wireless networks supporting deployed sensors and IoT are easily achieved. Access control and video surveillance system help track every activity across a facility. This helps to detect intruders and keep the environment safe. The rising deployment of advanced access control systems, video surveillance systems, and fire and life safety systems to safeguard the occupant and assets is contributing to the high market share if this segment.

Industrial building segment is expected to grow with the fastest growth rate during the forecast period.

Industrial buildings are often large and have many moving parts. Smart industrial building solutions automate building temperature control, security, and maintenance for more efficient property management through various mobile computing devices, such as mobile devices and computers. The segment is expected to adopt smart building solutions to achieve energy and cost savings, higher productivity, enhanced identity and access management, and optimized surveillance. Manufacturing and industrial buildings have their own set of requirements for different manufacturing processes and storage purposes.

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North America to lead the Smart buildings market during the forecast period.

The growth of the market in North America can be attributed to the region has witnessed the emergence of latest smart building solutions that leverage new technologies, such as IoT, big data, cloud computing, data analytics, deep learning, and artificial intelligence, for saving energy, reducing operational expenditures, increasing occupancy comfort, and meeting increasingly stringent global regulations and sustainability standards. Moreover, North America is a technologically advanced region in the world due to the rapid adoption of emerging technologies by the organizations in the region. Furthermore, the US and Canada are prominent countries contributing to technological development in this region; for instance, US organizations are heavily investing into smart building measures, such as building controls and building systems integration, to leverage energy efficiency and energy storage and deliver smarter, safer, and more sustainable buildings while the Canadian government is taking initiatives to support Canadas commitment to protecting the environment and its resources by making federal buildings more energy-efficient and reducing greenhouse gas emissions, driving the growth of smart buildings.

Market Players

The major vendors covered in the Smart buildings market include 75F (US), ABB (Switzerland), Aquicore (US), Bosch (US), BuildingIQ (US), Cisco (US), CopperTree Analytics (Canada), ENTOUCH (US), Hitachi (Japan), Honeywell (US), Huawei (China), IBM (US), Igor (US), Intel (US), Johnson Controls (Ireland), KMC Controls (US), Legrand (France), Mode:Green (US), PTC (US), Schneider Electric (Germany), Siemens (Germany), Softdel (US), Spaceti (Czechia), Telit (UK), and Verdigris Technologies (US), Spacewell (Belgium), Gaia (India), eFacility (India).

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: +1-888-600-6441

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3D Mapping and Modeling Market Size: 2023 Global Industry Trends, Growth, Share To 2028

The global 3D Modeling Market size is projected to grow from USD 5.4 billion in 2023 to USD 11.8 billion by 2028, at a compound annual growth rate (CAGR) of 17.2% during the forecast period, according to a new report by MarketsandMarkets™. The 3D mapping and modeling market is expected to grow significantly during the forecast period, owing to various business drivers like the rising adoption of big data and other related technologies to leverage real-time data processing and the growing demand for cloud-based analytics solutions for better accessibility and cost-effectiveness.

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3D Modeling Market Dynamics:

Drivers:

1. Growing demand for 3D animation in mobile applications, gaming, and videography.
2. Technological advancements in 3D scanners, sensors, and other acquisition devices
3. Widespread availability of 3D content
4. Advent of 3D-enabled display devices

Restraints:

1. Increase in corruption and piracy concerns.
2. High technological and installation costs

Opportunities:

1. Emergence of AI and ML technologies.
2. Rising popularity of AR and VR technologies across key industries
3. Integration of 3D mapping and modeling solutions with sensors and IoT devices to collect real-time data

List of Key Players in 3D Modeling Market:

• Google (US)
• Autodesk (US)
• Trimble (US)
• Bentley Systems (US)
• Dassault Systemes (France)
• Adobe (US)
• Hexagon (Sweden)
• Esri (US)
• Golden Software (US)
• Maxon (Germany)
• Topcon (Japan)
• CyberCity 3D (US)
• Pix4D (Switzerland)
• Apple (US)
• Onionlab (Spain)

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By services, managed services to register for the highest CAGR during the forecast period

The services segment of the 3D mapping and modeling market is growing rapidly. The managed services are vital in properly functioning 3D mapping and modeling solutions. 3D mapping and modeling vendors require technical support and consulting services to deploy their solutions quickly and smoothly in the market. Managed services play a crucial role in the 3D mapping and modeling market as they offer specialized services and support to organizations requiring 3D mapping and modeling solutions. Their role encompasses various aspects that help businesses leverage the full potential of these technologies effectively.

By technology, LiDAR to register for the highest market size during the forecast period

LiDAR technology's remarkable capabilities in 3D mapping and modeling have transformed various industries, propelling the market's rapid growth. The combination of improved resolution, reduced costs, and integration with AI has driven widespread adoption, expanding applications in areas such as urban planning, environmental management, and autonomous technologies.

By region, Asia Pacific accounted for highest growth rate during forecast period

Asia Pacific is witnessing significant technological innovation in 3D mapping and modeling. Several Asian countries, such as Japan, China, and India, are leveraging information-intensive technologies, and 3D mapping and modeling is one of the leading technology trends. With new growth opportunities declining in conventional, strong markets such as North America and Europe, several vendors are interested in Asia Pacific. China, Japan, and India are technology-driven countries and present major opportunities in terms of investments and revenues.

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About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: +1-888-600-6441

Email: sales@marketsandmarkets.com

Next Generation Emergency Response System Market Size 2023: Is Evolving Rapidly With Economic Growth, Demand

The global Next Generation Emergency Response System Market size is projected to grow from USD 2.4 billion in 2023 to USD 3.3 billion by 2028, at a CAGR of 7.0% during the forecast period, according to a new report by MarketsandMarkets™. The global population is aging, and older adults are more likely to experience medical emergencies. This is driving the demand for emergency response systems that are specifically designed for the needs of the elderly, such as personal emergency response systems and remote patient monitoring systems.

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Next Generation Emergency Response System Market Dynamics:

Top Companies in Next Generation Emergency Response System Market:

• Motorola Solutions (US)
• AT&T (US)
• Intrado (US)
• Hexagon (Sweden)
• Esri (US)
• Sinch (Sweden)
• Atos (France)
• Comtech (US)
• Zetron (US)
• Everbridge (US)

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Based on software, the  call management software holds the largest market size during the forecast period

In the next generation of emergency response systems, call management software is pivotal in optimizing the entire response process. By automating initial call handling stages, this software swiftly collects crucial information such as caller location and the nature of the emergency, minimizing response time and mitigating potential human errors. Its integration with location services enables precise identification of the caller's whereabouts, ensuring prompt dispatch of emergency services. The software's capability to analyze and prioritize incoming calls based on severity aids in efficient resource allocation. Multi-channel communication support allows the public to convey information through diverse mediums, facilitating comprehensive data exchange. Real-time collaboration features enable seamless communication among response teams, promoting effective coordination. Integration with other systems, such as GIS and surveillance cameras, enhances situational awareness.

Based on software, the multimedia support software is expected to grow with the highest CAGR during the forecast period

In the evolving landscape of emergency response systems, the integration of multimedia support software stands as a pivotal advancement. This advanced technology plays a vital role in enhancing the agility and efficacy of emergency responses. Real-time video and audio streaming, coupled with surveillance integration, empower responders with critical insights into the unfolding emergency. Geospatial information and mapping tools, facilitated by multimedia support, allow for comprehensive visualization of the emergency's scope, aiding in resource optimization and evacuation planning. Multichannel communication, including text, voice, and video, ensures seamless coordination among responders and affected communities. The ability to monitor social media platforms for crowdsourced information enriches the understanding of dynamic situations. Multimedia tools further enable training through virtual reality simulations and augmented reality guidance, enhancing the preparedness of emergency responders.

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North America to hold the largest market size during the forecast period

The next generation emergency response system market in North America has been experiencing significant growth and development. The burgeoning North American market for next-generation emergency response systems (NGERS) is fueled by technological advancements, rising demands for faster response times, and an aging population. Advancements in AI, big data, and connected devices are enabling sophisticated, integrated systems for real-time data analysis and improved situational awareness. Governments and private entities are investing in NG911, mass notification, public safety software, PERS, and connected sensors to enhance emergency preparedness, response, and citizen safety. The incorporation of drones for aerial reconnaissance, cybersecurity measures, and community alerting systems further contribute to the evolution of a robust and efficient next generation emergency response system landscape in North America. Major next generation emergency response system vendors, such as Motorola Solutions, AT&T, Everbridge, Intrado, and Hexagon have a strong presence in this region. These players innovate their offerings in this market.

Market Players

The next generation emergency response system market comprises major providers, such as Motorola Solutions (US), AT&T (US), Intrado (US), Hexagon (Sweden), Esri (US), Sinch (Sweden), Atos (France), Comtech (US), Zetron (US), Everbridge (US), Avaya (US), Cisco (US), RapidSOS (US), NGA (India), Convey 911 (US), Boost Pro Systems (UK), Simoco Wireless Solutions (UK), SEON Group (Germany), Carbyne (US), RapidDeploy (US). To increase their market share in the next generation emergency response system industry, these competitors have used various growth methods, including partnerships, agreements, collaborations, new product releases & enhancements, and acquisitions.

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: +1-888-600-6441

Email: sales@marketsandmarkets.com