Global Artificial Intelligence Market in Media and Advertising Size, Share, Development, Growth and Demand Forecast to 2023

Over the last few years, artificial intelligence (AI) has shifted from being a branch of computer science to an everyday technology that majority of consumers carry in their pocket daily, such as an Apple smartphone with voice input Siri. The artificial intelligence technologies has been gaining significant interest in the media and advertising industry in the recent years. Although the applications for artificial intelligence in the media and advertising business are still in infancy stage, there is huge potential for the technology to shape the next generation media and advertising sector. Machine learning already has a significant impact on the advertising ecosystem. The best example for this is real time bidding (RTB), which is buying or selling advertising space online in real time. Through artificial intelligence, self-learning algorithms are used for running online campaigns that enable advertisers to critically identify the most potential shoppers. This further helps in deploying personalized advertisements to each shopper and in taking the desired action.

The demand for artificial intelligence in media and advertising industry has been increasing due to greater demand for rich digital customer experience, worldwide. Media and advertising companies are focusing on optimization of email and website communications by continuous learning from user behaviour and actions. In addition, programmatic advertising is also fueling the growth of the global artificial intelligence market in this industry. Automated process of buying and selling advertisement inventory through artificial intelligence is effectively connecting advertisers to publishers.

The trend toward effective voice based search technologies has also added value to the market growth. Businesses are trying to bring next generation input method in their product and services through artificial intelligence. The widespread adoption of smartphones has let media companies to include artificial intelligence technologies as a crucial part of their product development lifecycle. Artificial intelligence provides a new competitive edge to the media companies through contextual relevancy for connecting right people to the right content at the right time and in the right way. Therefore, the global artificial intelligence market in media and advertising has a huge scope for rapid growth. Through advanced algorithms and detailed reporting, artificial intelligence can give advertisers a more precise picture of campaign performance by establishing both, viewing ability and interaction metrics.

Globally, North America and Europe witness greater demand for artificial intelligence solutions in the media and advertising sector, due to robust technology and information technology (IT) infrastructure. The market in Asia-Pacific is expected to witness the fastest growth rate during the forecast period, owing to huge growth opportunities in media industry and emergence and rapid adoption of predictive technologies by major media and advertising companies in the regional market.

A major challenge faced by the media and advertising companies in the adoption of artificial intelligence at a vast scale is identification of decision making patterns due to lack of technical expertise. Though, artificial intelligence allows big media and advertising agencies to serve cognitive ads and integrate voice based assistance in their campaigns, there is still scope for small and medium agencies to fully adopt artificial intelligence as their prime functional and operational business element.

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Artificial Intelligence Market in Agriculture Size, Share, Development, Growth and Demand Forecast to 2023

According to a report by the United Nations (UN), the global population is expected to reach nearly nine billion people by 2050. This indicates a significant increase in agricultural production to meet the growing demand for food, globally. Also, it has led to development of new technologies, such as artificial intelligence, in agriculture. Agriculture industry demands new and innovative technologies to face and overcome the growing challenge of meet the increasing demand for food. Artificial intelligence is one of the promising technologies of recent times, which is capable of catering to the ongoing food demand from the agriculture sector through increased production.

Through the adoption of artificial intelligence in agriculture, the new digital technologies are capable of enhancing food production, while adding significant value to the entire farm to consumer supply chain. The combination of internet of things and advanced analytics through artificial intelligence further allow farmers to analyze real time data of weather conditions, temperature, moisture and crop prices in the market. Remote sensors, satellites, and unmanned aerial vehicles (UAVs) can gather information 24 hours a day over an entire field. The amount of data collected through these sensors can generate significant insights, providing useful information on how to reduce cost and optimize production.

The most significant factor driving the demand for artificial intelligence in agriculture sector is the continuous surge in demand for agriculture robots, globally. This growth in demand is attributed to relative reduction in the average available agricultural workforce. Agriculture robots are expected to replace human labor and help overcome the scarcity of physical labor in near future. The trend toward digital agriculture and new farming technologies has opened up new growth opportunities.

The growing demand for remote sensors which enables algorithms to interpret a field’s environment as statistical data to be understood and used by farmers for decision-making is driving the artificial intelligence market in agriculture. The hardware in artificial intelligence include sensors and agriculture drones that collect data from farmlands, or fields or while transportation. The data collected further enables the farmers and other agriculture stakeholders with information regarding soil health, seeds, crops, livestock, farm equipment or the use of water and fertilizer.  Artificial intelligence expert system for livestock is another factor driving the global artificial intelligence market in agriculture. The system providing information about dairy cattle improvement, medications, health and welfare of livestock has gained interest of cattle owners in the recent past.

Automated irrigation system is another factor driving the market growth. Automated irrigation mechanism through artificial intelligence enables farmers to reduce the production cost, thereby making the agriculture industry more competitive and sustainable. Crop health monitoring creates huge growth opportunity for artificial intelligence market in agriculture. Remote sensing techniques can play a vital role in surveying the quality and crop producing ability of an agricultural land. Since conventional methods are often time consuming, artificial intelligence technologies, trained use of hyperspectral imaging, 3D mapping, and spectroscopy would allow for a substantial increase in the number of field observation than conventional methods.

Advancement in computer hardware and software over the past few years, and the number of providers offering data-driven solutions has increased. This has resulted in the relative success of artificial intelligence-based technology in fields such as healthcare, finance and manufacturing and has also grabbed the attention of agriculture industry.

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Bolus Injectors Contribute Largest Revenue to Global Wearable Injectors Market

Wearable Injectors Market

The global wearable injectors market is projected to reach $13,015.9 million by 2024, growing at a CAGR of 23.0% during 2016 – 2024.

Global wearable injectors market worth $2,162.1 million in 2015

As per the research, the global wearable injectors market is likely to grow from $2,162.1 million in 2015 to $13.0 billion by 2024. With the explosive growth of bolus injectors and increasing interest of pharmaceutical companies in collaborating with device manufacturers for drug device combination, the market for wearable injectors is expected to show dramatic rise. The launch of bolus injector expands the usage of wearable injectors from diabetes to other disease segments, as the wearable injectors currently available in market are majorly insulin pumps. The growing need for continuous and subcutaneous drug delivery has developed the demand for wearable injectors among the patients.

Insights on market segments

As per the findings of the research, cancer is expected to be the largest application area of wearable injectors. According to the analyst, cancer and autoimmune disease are expected to be the major application areas for wearable injectors in the near future. The other key applications of wearable injectors include infectious disease, cardiovascular disease and blood disorders. Also, homecare is expected to be the largest end user of wearable injectors.

North America emerges as largest wearable injectors market

Geographically, North America has been the largest market for wearable injectors, where the U.S. has been the largest contributor to the regional market during 2013 – 2015. The North American wearable injectors market is growing significantly due to increasing demand for self-injection system and rising prevalence of chronic and lifestyle-associated diseases. According to the CDC, approximately 117 million people in the U.S., i.e. about half of its adult population, experienced one or more chronic health conditions in 2012. Japan has been the major market in Asia-Pacific; whereas in Europe, Germany has been the highest revenue generator in 2015.

Top three players constitute the major market share

The research states that the global wearable injectors market had a consolidated structure in 2015, where the top three competitors accounted for the major share in the global wearable injectors market. Some of the key players operating in the global market are Becton, Dickinson and Company, Medtronic plc, Johnson & Johnson, F. Hoffmann-La Roche Ltd., Insulet Corporation, Unilife Corporation, CeQur SA, Enable Injections, ScPharmaceuticals, Inc., SteadyMed Ltd., Ypsomed Group, West Pharmaceutical Services, Inc. and Canè S.p.A.

Different companies are collaborating to provide new solutions in the global wearable injectors market. For instance, Ypsomed collaborated with Novo Nordisk in June 2016, where the two companies were expected to provide new solutions in insulin pump therapy. The company’s YpsoPump was compatible with NovoRapid PumpCart by Novo Nordisk. NovoRapid is a prefilled pump cartridge with an insulin analogue that has been especially designed for insulin pumps. The collaboration aimed to simplify the use of insulin for the diabetes patients.

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Global IoT Sensor Market Size, Share, Development, Growth and Demand Forecast to 2023

Internet of Things (IoT) is internetworking of physical and virtual objects, which enables physical and virtual devices to relate to each other through cloud technology, to exchange data and information. Internet of Things devices are furnished with sensors that identify and acknowledge several types of input, including sound, pressure, position and motion, temperature and light from the physical environment. Miniaturization of devices and development of smarter and low-priced sensors are the major factors propelling the growth of the global IoT sensor market. Moreover, the escalating market for wearable devices and personalized technology are the major factors backing the growth of the IoT sensor market around the globe.

North America contributed the largest revenue to the global IoT sensor market in 2015; however, Asia-Pacific is expected to register the highest growth in the global IoT sensor market, during the forecast period. Some of the factors such as accelerated research and development in the field of IoT sensors, in terms of advanced and better technologies, and raising interest for upgraded lifestyle in the region are spurring the growth of the regional IoT sensor market. Moreover, Asia-Pacific forms largest market for various sectors, including automotive, consumer electronics and healthcare.

Technological innovation in the automotive sector has been helping Asia-Pacific to grow at the fastest rate. China was the largest contributor to the Asia-Pacific IoT sensor market through electric motors used in automotive applications in terms of unit shipment and revenue. India is expeditiously evolving as a global sourcing pivot for automakers across the globe. The development of China as an international manufacturing pivot, and companionship of major consumer electronics companies in the region is also propelling the demand for IoT sensors in Asia-Pacific.

The integration of IoT technologies in healthcare industry has significantly influenced healthcare solutions and has even enhanced readiness of operations in the region. It also helps healthcare industry to fight with several contagious diseases in the region. These factors are acting as drivers for the growth of the Asia-Pacific IoT sensor market. The integration of IT in healthcare is also expected to offer an opportunity to Asia-Pacific market for advanced healthcare in terms of decentralization, democratization and digitization of data and low-priced technologies through inventive attainment models.

Escalation in need for consumer electronics and flourishing demand for smart devices is adding to the growth of the global IoT sensor market. Smart devices account for an appreciable fraction of consumer electronics. Thus, increase in comprehensive sales of consumer electronics is spurring the growth of the IoT sensor market. Although some products such as smartphones are already being used extensively, smart home appliances, smart gas and electricity meters are expected to register increasing demand in near future.

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In-Building Wireless Market Size, Share, Development, Growth and Demand Forecast to 2020

Wireless technology allows the users to access network resources from any location, inside their networking environment. The electromagnetic waves within wireless technology convey information in the form of signal, through a communication network. The users that are connected to a wireless system can maintain constant connection with their desired network. The in-building wireless technology is a combination of services, networks, and products that are installed for unified and consistent indoor coverage. The in-building wireless communication technology permits the distribution of cellular, long-term-evolution (LTE) and other radio frequencies in an infrastructure.

The global in-building wireless market can be segmented on the basis of system components, business model, end-users, building type, and building size. On the basis of system components, the market can be categorized into antennas, distributed antenna systems (DAS), cabling, repeaters, and small cells. On the basis of business models, the in-building wireless market can be divided into carrier, host, and enterprise. On the basis of end users, the market can be segmented into government, hospitals, hospitality, commercial, industrial, institutions, and retail. The building type segment within the in-building wireless market includes existing and new buildings; whereas, the in-building wireless market by building size includes large, medium, and small sized buildings.

Cellular phones, home-entertainment control systems, GPS (global positioning system), cordless telephone sets, satellite television, two-way radios, and remote garage-door openers are several products, which deploy wireless technology. The in-building wireless solutions ensure effective operability of communication systems. These solutions enable continuous availability of voice and data communication services. Moreover, the desire for continuous connectivity, and increase in data traffic are the other drivers of the global in-building wireless market.

With more organizations focusing on efficient and effective information and communication, and adopting a project-oriented culture; an increasing uptake of in-building wireless solutions across the globe is expected.

The in-building solutions allow organizations to focus on their basic business functions, by providing influential communication infrastructure to customers. The owners of small, medium, and large-sized buildings are strategically evaluating the in-building wireless functionalities for their new, as well as existing buildings to ensure proper network coverage for users and create an effective facility to provide improved customer satisfaction. With increasing global population, the mobile phones are becoming preferred means of communication. The high demand for connected environments and nonstop coverage has been observed as the dependency of the user on mobile communication services upsurge. Mobile devices are becoming the preferred means of communication, while an increased reliance on mobile data to supply the need of connectivity is emerging continuously.

However, an increase in demand for skilled labors due to difficulty in installation and design, network interference due to building size and materials, and data privacy and security concerns are the major restraints, which obstruct the growth of the global in-building wireless market.

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Image Recognition Market Size, Share, Development, Growth and Demand Forecast to 2020

The image recognition market is growing by a significant rate due to increased use of smartphones, technology being embraced by various verticals, and increased demand for augmented reality (AR) and virtual reality (VR). Increasing demand for data analytics, increasing use of image recognition in media, branding and entertainment, and increasing mergers and acquisitions are providing ample opportunities to the image recognition market to grow in the coming years.

North America leads the image recognition market followed by Europe owing to the highest implementation of image recognition solutions in the region. The U.S. holds the largest market for image recognition under North America region. The Asia-Pacific image recognition market is expected to grow with an exponential rate in the coming years due to high threats from terrorist attack with the increasing trend towards e-governance in the region. Major users of image recognition technology in the region are Japan and China.

In the previous years, card based recognition was an essential system for identifying individuals, but image recognition technology has emerged as the most significant technology to identify and verify the individuals. Services provided by image recognition technology, such as m-commerce, enable the consumers to shop online across a high quality visual environment and to pay from their mobile phones. To enhance in-store customer service, the retailers are expected to adopt image recognition technology in the coming years, which will enable the customers to scan an item through a mobile application. The adoption of such method by the retailers will cut down the operational and customer support cost in retail industry.

On the basis of types, the image recognition market can be categorized as object recognition, optical character recognition, barcode recognition, pattern and gradient matching, and facial recognition. The facial recognition market is growing at the highest rate among types of image recognition market due to advancement in the accuracy of the technology and the increasing use of face recognition technology in personal computers, tablets and smartphones. Additionally, rising government budget in the developing countries such as Russia, China and India regarding homeland defense and security is supporting the growth of the facial recognition market. Facial recognition market is also expected to grow with the highest rate among types of image recognition market in the coming years due to rising use of the technology over card based technology in the residential and industrial sector.

On the basis of components, the image recognition market can be categorized as hardware, software, and services. The image recognition market can also be categorized on the basis of deployment type as on-demand and on-premises deployment. On the basis of end users, the image recognition market can be categorized as healthcare and life sciences, government and defense, consumer goods and retail, transportation and logistics, manufacturing industry, banking, financial services and insurance, and IT and telecommunication sector.

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Home Automation Market Size, Share, Development, Growth and Demand Forecast to 2020

The home automation market is growing at a significant rate, due to increasing demand for energy efficient and green product solutions; introduction of managed home automation services; price competitiveness because of large number of players; and innovation in communication, sensor, analytic, and touch screen technologies. The strong initiatives from government to promote green building and green cities are driving the growth of the home automation market. Power-line communication technology is creating its importance in power systems and home automation, which is providing ample growth opportunities for the home automation market at a considerable rate in the coming years.

With the help of home automation, the various electrical and electronic systems can be structured through the support of automation and computerized controls. Desktop PC is used as a server in the home automation control.  Bluetooth or wireless fidelity (Wi-Fi) enabled devices, such as mobile phones and laptops are used to control the application based systems in the home automation system. The home automation systems are convenient to install and use and they also meet the interoperability requirements for various applications. However, challenges such as lack of skilled labor and unethical technological breaches are restraining the growth of the home automation market.

Some of the standards and protocols followed in the home automation market are digital addressable lighting interface, building automation and control network, digital multiplexer (DMX), power line communication (PLC), Ethernet, National Electrical Manufacturers Association, Blackbox, Modbus, KNX Association, and LonWorks. Some of the wireless communication technologies used in the home automation market are Bluetooth, wireless fidelity (Wi-Fi), ZigBee, Enocean, and Z-Wave. Network technologies used in the market are code division multiple access (CDMA) networks, global system for mobile/high speed packet access (GSM/HSPA) networks, and long term evolution (LTE) networks.

On the basis of type, the home automation market can be categorized as mainstream home automation systems, managed home automation services, luxury home automation systems, and do–it-yourself (DIY) home automation systems. The home automation market can also be categorized on the basis of networking technology as computing network home automation systems, wired home automation systems, wireless home automation systems, and power-line home automation systems.

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Hadoop Market Size, Share, Development, Growth and Demand Forecast to 2020

The sudden rise in demand for big data analytics is a major factor driving the growth of the global hadoop market. In the recent years, industries have experienced a huge explosion of raw, structured and unstructured data, which has compelled the application of big data analytics. The market trend for the need of cost-friendly, agile processing of business data has established “big data” as the preferred platform for data analytics over traditional data analysis platforms like data warehouses or relational database management systems.

Hadoop is a Java-based free programming structure that supports the handling of large data sets in a diverse computing environment. Hadoop is part of the Apache project sponsored by the Apache Software Foundation. It is a data storage processing system that assists file sharing, data analytics, and data storage. With the increasing spread of internet communication and social media, hadoop is being widely used by a variety of companies ranging from Facebook to Yahoo.

The global hadoop market can be segmented on the basis of software types, hardware equipments, and services. The market by software types is segmented as hadoop application software, hadoop management software, hadoop packaged software, and hadoop performance monitoring software. Based on hardware equipments, the global hadoop market can be widely classified into storage, servers and network equipments. On the basis of services, the global hadoop market can be segmented into consulting, training and outsourcing, integration and deployment, and middleware & support. Based on the end-users, the global hadoop market can be categorized into telecommunication, banking & finance, healthcare, government and public utilities, healthcare, web, retail, manufacturing, gaming, IT & security, oil & gas, bioinformatics, transportation, media and entertainment, and education. Among end-users, the government sector dominates the hadoop market followed by banking financial security and insurance (BFSI), healthcare, and retail.

The recent years have experienced a massive outburst of structured, unstructured and raw data, which has been propelling the big data analytics industry. The need for cost-friendly, agile handling of business data has acknowledged “big data” as the elected platform for data analytics over traditional data analysis platforms which involve data warehouses and relational database management systems.

Hadoop as a solution is increasingly offering data security and data retrieval features. These features are improving with time. Hadoop software is the highest growing market in the hardware and services industry. Geographically, North America is expected to lead the revenues share in the global hadoop market in near future, owing to the higher rate of technology acceptance in the region.

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Gaming Market Size, Share, Development, Growth and Demand Forecast to 2020

The global gaming market has been persuaded by the evolving number of users, who choose gaming for entertainment. Now-a-days, users not only consume entertainment, but also actively participate in it. The global gaming market presents a more extensive and diverse mix of opportunities and challenges than ever before, which varies from competitive gaming to cosplay, and modding to streaming. Users look for the exciting world of interactive entertainment, at an easy access. The growing interest of consumers in gaming is responsible for the increase in gaming utility. The consumers of the gaming market fall within the age group of 5 years to 45 years.

The global gaming market can be divided into software market, hardware market, and the online gaming market. The hardware market comprises of the physical gadgets, such as consoles, PCs, laptops, gaming hardware tools, mobile, tablets and others, while the software market includes the new gaming software advancements. The software market accounts for the largest share in revenue generation, which is followed by the returns generated by the online gaming market. Owing to the increasing usage and supportability on mobiles, laptops, and tablets, the gaming market has experienced a major boost. There are millions of games, which are either available for free on the internet, or at a very minimum price.

Social integration and game studios, working as mobile publishers are the major drivers of the global gaming market. Some popular gaming studios are expanding beyond creating their own games, to serving as a mobile producer, for different kinds of smaller game companies. As mobile grows globally, more producers with an exclusive understanding of marketers, are helping developers by encouraging projects, to blow into existing audience, and localize their games. More studios are integrating social media into their actual gameplay, which has increased online game connectivity, thereby driving the global gaming market to a far extent. Some of the other drivers in the global gaming market are increased mobile gaming, firm growth of the bigger games and rising preference for freemium games. Mobile games are big business these days, and are expected to drive the market in the forecast period. In 2014, clash of clans was the highest earning gaming mobile application on iOS. The increasing numbers of free games, which offer new offerings every week, are anticipated to drive the global games market up to a huge extent.

A major opportunity in the gaming market lies in the advent of Apple watch, the mobile game developers are focused on working with Apple to create gaming apps for Apple watch. Letterpad is the first gaming specimen of the device. Additionally, the cloud gaming segment is anticipated to be growing massively. The growth of cloud gaming is expected to gain a double digit growth in the forecast period, as the number of smartphone connections is increasing worldwide. Smartphones have elevated mobile gaming to unprecedented heights, improved digital distribution infrastructure, and broadband speeds have driven forward the online gaming segment. .

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North America Emerges as Largest Nerve Repair and Regeneration Market

Nerve Repair and Regeneration Market

The global nerve repair and regeneration market is expected to grow at a CAGR of 11.9% during 2017 – 2023.

Increasing geriatric population drives the global market

According to the study, the global nerve repair and regeneration market is likely to grow significantly during the forecast period, due to increasing geriatric population, rising prevalence of chronic pain and increasing incidence of neurological disorders. In addition, the awareness about mental diseases and their treatment and technological advancement in nerve repair and regeneration products is also increasing globally, which contributes to the growth of the market. Lack of skilled professionals, high cost and side effects associated with the usage of neurostimulation and neuromodulation devices are the key factors restraining the global market growth.

Insights on market segments

As per the findings of the research, the market for neurostimulation and neuromodulation devices was larger than the market for biomaterials. Internal devices form the larger part of the global neurostimulation and neuromodulation devices market. Within internal neurostimulation and neuromodulation devices, spinal cord stimulation devices generate the largest revenue in the global market. Based on application, neurostimulation and neuromodulation surgeries has been the largest application area of the global nerve repair and regeneration market, followed by direct nerve repair/neurorrhaphy, nerve grafting and stem cell therapy.

North America stands as the largest nerve repair and regeneration market

Geographically, North America has been the largest market for nerve repair and regeneration, with the U.S. being the largest contributor to the regional market. Increasing incidence of peripheral nerve injuries and presence of technological advanced products has been driving the growth of the North American market. In Europe, Germany has been the largest contributor to the nerve repair and regeneration market, followed by the U.K. and France. The market is expected to witness highest growth in Asia-Pacific, during 2017 – 2023, owing to increasing cases of neurological disorders and increasing geriatric population.

Key players in the nerve repair and regeneration market

Some of the key players in the global nerve repair and regeneration market include Boston Scientific Corporation, Axogen, Inc., Cyberonics, Inc., Medtronic, PLC, Baxter International Inc., St. Jude Medical, Inc., Integra Lifesciences Holdings Corporation, Inc., Stryker Corporation, Orthomed S.A.S. and Polyganics B.V.

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