Category: Business Technology
The deployment model, such as private, public, and hybrid cloud, is boosting the big data in power management market. Additionally, the rising demand from SMEs and governments, economic growth, and scalable resources are the prime factors driving the growth of the big data in power management market.
Emergence of smart cities, demand for green buildings, government initiatives, awareness about energy efficiency, demand for IoT based solutions will ensure a high growth trajectory for the smart commercial lighting market during the forecast period.
"IIoT, Industry 4.0 concept, advanced cloud computing, integration of big data analytics into EMI, need for operational cost reduction and better decision making, adoption of sensor technologies, dynamic operation model, new revenue models are few factors which will continue to shape the Europe EMI market."
Reduction of operational and maintenance costs, need for increased agility in enterprise, reduction of time to market are factors driving the Global Business Rules Management Market
Increasing usage of connected devices and the extensive impact of cyber-attacks are expected to shape the Asia Pacific IoT Security market by 2023
Smart Ticketing market will grow at a CAGR of 19.7% during the forecast period 2017-2023 to aggregate $14.19 billion by 2023. Increasing demand for RFID, NFC, open payment system, QR code, and barcode technology is expected to drive the smart ticketing market.
The increase in demand for camera-installed rear-view mirrors in automobiles and the use of customized mirrors in the washroom will change the outlook of traditional mirrors. The smart mirror industry is expected to grow at a CAGR of 14.4%, with a high investment from TV manufacturers along with other conventional business lines.
Rising demand for data-driven solutions, increasing digital banking trends, fast-changing regulatory & compliance laws, fraud detection, and enhancing customer experience are expected to drive the market growth. The AI technologies such as Machine Learning, Deep Learning, Natural Language Processing, Image and video processing are expected to boost the AI implementation in the BFSI industry.
Everest Group, a consulting and research firm, analyzed leading IT service providers and positioned GAVS Technologies as a Major Contender
Individuals focusing on their fitness and the launch of new innovative technological clothing by designers will transform the way the textile and fabric industry works. The smart clothing industry is expected to grow at a CAGR of 116.8% and reach $2,717.6 million by 2022.
Increasing demand for videos, biometric sensors, artificial intelligence (AI), and mobile & web applications is expected to drive the emotion analytics market. AI is the leading technology which is expected to grow at a CAGR of 83.9% during the forecast period and will drive the worldwide emotions analytics market to reach $1,711 million by 2022.