Wednesday, 1 July 2020

Photovoltaic Materials Market Opportunity, Demand, Recent trends, Major Driving Factors and Business Growth Strategies 2026


the worldwide Photovoltaic Materials Market was valued at USD 16,102 million in 2017 is anticipated to reach around USD 44,073 million by 2026. to grow at a CAGR of 12% during the forecast period. According to a new report published by Polaris Market Research In 2017, the Polycrystalline Silicon segment dominated the global market, in terms of revenue. In 2017, Asia-Pacific accounted for the majority share in the global Photovoltaic Materials market.
The well-known companies profiled in the report include DuPont, Targray Technology International, Inc, Shin-Etsu Chemicals Co., Ltd., Mitsubishi Material Corporation, Hemlock Semiconductor Corporation LLC, Atecom Technology Co., Ltd., American Elements, Ferrotec Corporation, Topray Solar, Hangzhou First Applied Material Co. Ltd., 1366 Technologies Inc., NovoPolymers NV among others. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.
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The increase in the adoption of renewable energy sources drives the growth of this market. Growing concerns regarding environmental pollution caused by fossil fuels and their limited availability support the market growth. There has been an increasing demand of solar technology owing to low operating costs and less maintenance. Governments are increasingly investing in the development of solar technology to accelerate the adoption of renewable sources, thereby supporting market growth. However, high installation costs of solar systems limit the growth of the market. New emerging markets, and declining costs of photovoltaic materials would provide growth opportunities in the coming years.
Asia-pacific dominated the global Photovoltaic Materials Market during the forecast period. A significant rise in the initiatives taken by governments of China, India, and Japan to promote the use of solar technology to reduce carbon footprint supports the growth of the market in the region. Incentives provided by the governments to the commercial sector industries using solar technology has resulted in high demand of photovoltaic materials in the region. China leads the Asia-Pacific Photovoltaic Materials market during the forecast period. Regions such as North America and Europe export solar cells from Asia-Pacific, thereby supporting market growth in the region. Increasing awareness regarding use of renewable sources and green technologies augments the market growth in the region. Leading global players are expanding their presence in developing nations of India, Indonesia, and Malaysia to tap the growth opportunities offered by these countries.
The various types of photovoltaic materials include Monocrystalline Silicon, Polycrystalline Silicon, Cadmium Telluride, and Copper Indium Gallium Selenide among. The Polycrystalline Silicon segment is expected to lead the market during the forecast period owing to affordable manufacturing process and use in varied applications. The Copper Indium Gallium Selenide segment is expected to grow at the highest CAGR during the forecast period.
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Segment Analysis:
·         Photovoltaic Materials Market Size and Forecast, 2017-2026 by Material Type
o    Monocrystalline Silicon
o    Polycrystalline Silicon
o    Cadmium Telluride
o    Copper Indium Gallium Selenide
o    Others
·         Photovoltaic Materials Market Size and Forecast, 2017-2026 by Product
o    Back Sheets
o    Encapsulants
o    Front Sheets
o    Others
·         Photovoltaic Materials Market Size and Forecast, 2017-2026 by End-User
o    Commercial
o    Residential
o    Utility
o    Others
·         Photovoltaic Materials Market Size and Forecast, 2017-2026 by Region
o    North America
§  U.S.
§  Canada
§  Mexico
o    Europe
§  Germany
§  UK
§  France
§  Italy
§  Rest of Europe
o    Asia-Pacific
§  China
§  India
§  Japan
§  Rest of Asia-Pacific
o    Latin America
§  Brazil
o    Middle East & Africa
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Quality Management Software Market Trends, Drivers, Strategies, Segmentation Application With Top Key Players

The new report The Global Quality Management Software Market was estimated at USD 6.86 billion in 2017 and To Exceed $15.48 Billion By 2026; according to a new market research report by Polaris market research. “Quality Management Software (QMS) Market [By Solution Type (Complaint Handling, Audit Management, Change Management, Non-conformance/corrective & preventive, Document Control, Others); By Deployment Type (On premise, Cloud); By Company Size (Small and Medium Enterprises, Large Enterprises) By Application Type (IT & Telecom, Healthcare, Transportation & Logistics, Consumer goods & Retail, Defense & Aerospace, Manufacturing) By Region] Market size & Forecast, 2017 – 2026”
Key players for QMS in the market are Aras Corporation, Dassault Systems SE, Hewlett-Packard Enterprise Co., MasterControl, Inc., Microsoft Corporation, Oracle Corporation, Parasoft Corporation, PSC Biotech Corp., SAP SE, Siemens AG, and Sparta Systems.
QMS is used to replace the paper based systems with automated quality management systems that follows stringent regulations and quality standards. This improves the product quality, increase the efficiency and satisfy the customer demands. QMS is anticipated to witness a remarkable growth owing to the standards and regulations compliance. The key factor that boosts QMS market is the solutions and systems used to ensure the high quality products and processes.
QMS reduces the risk of quality process failures and lower costs for large number of clients across a range of industries. QMS offers various features such as track deviations, improves non-conformances, improves safety and other features. Adoption of QMS can help the organization to improve their performance and overall competitiveness.
Owing to the strict regulations, embedded business models and complex procedures, in the manufacturing, transportation & logistics sector, the implementation of QMS has increased. These regulatory implications are another major driving factor for the market. The demand for QMS is driven by the consumer goods & retail segment which facilitates the user by delivering high quality products at a cheap price which meets the customer satisfaction.
QMS offers different solutions which include complaint handling, audit management, change management, as well as document control. The factor that trigger the growth of QMS is document control which ensures secure documents and offers a repository for all documentation that makes search and retrieval a very easy task. Another rising factor that boosts the market growth of QMS is cloud-based deployment which offers flexibility, scalability, and optimized processes. Due to the recent advancements in the technology most of the companies are switching to cloud based services.
Key Findings from the study suggest that North America is the major region for the quality management software in 2017. The quality management software is dominated by the segments such as non-conformance/ corrective & preventive solutions. The complaint handing market is expected to emerge as the key segment over the forecast period. Developing economies of Asia Pacific drive the demand of QMS with application in industries such as manufacturing, transportation & logistics. Change management is also one of the key reasons that gain traction in Asia-Pacific market. Another rising factor that boosts the market growth of QMS is cloud-based deployment which offers flexibility, scalability, and optimized processes. Due to the recent advancements in the technology most of the companies are switching to cloud based services.
Key Segments:
Quality Management Software Market Size and Forecast by Solution Type
  • Key findings
  • Complaint Handling
  • Audit Management
  • Change Management
  • Non-conformance/corrective & preventive Solution
  • Document Control Solution
  • Others
Quality Management Software Market Size and Forecast by Deployment Type
  • Key Findings
  • On-Premise
  • Cloud Based
Quality Management Software Market Size and Forecast by Company Size
  • Key Findings
  • Small and Medium Enterprises
  • Large Enterprises
Quality Management Software Market Size and Forecast by Application Type
  • Key findings
  • IT & Telecom
  • Healthcare
  • Transportation & Logistics
  • Consumer goods & Retails
  • Defense & Aerospace
  • Manufacturing
  • Others
Quality Management Software Market Size and Forecast by Regions
  • North America [U.S., Canada]
  • Europe [Germany, UK, France, Italy, Spain, Belgium, Netherlands, Rest of Europe]
  • Asia-Pacific [China, India, Japan, South Korea, Singapore, Malaysia, Rest of Asia-Pacific]
  • Latin America [ Brazil, Mexico, Argentina, Rest of Latin America]
  • Middle East and Africa [Israel, South Africa, Saudi Arabia, UAE, Rest of MEA]
For Further Insights and Segment-Specific Information, Contact a Market Analyst at @ https://www.polarismarketresearch.com/industry-analysis/quality-management-software-market/speak-to-analyst
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Gold Nanoparticles Market Trends, Drivers, Strategies, Segmentation Application With Top Key Players

 The global gold nanoparticles market is anticipated to reach USD 1.52 billion by 2026 and is anticipated to grow at a CAGR of 10.2 % from 2018 to 2026. Gold nanoparticles market is anticipated to witness significant growth over the forecast period. Growing demand for nano technological medical products, inherent advantages of gold nanoparticles, as well as growing application portfolio in medical field are expected to boost market growth. The global growth in the electronics industry are also expected to contribute to the overall market growth.

Inefficient tumor therapy, less developed drug targeting methods, drug resistant tumors, are a major cause for rising number of deaths due to cancer ailments. Gold nanoparticle enables efficient drug delivery, enhanced bio-imaging as well as aid in the selectivity of a wide range of drugs. The growing number of cancer ailments combined with the effect of gold nanoparticles is expected to benefit the market demand.


Gold nanoparticles exhibit several advantages over their other conventional counterparts. Such advantages include high surface area, unique physical, chemical as well as optical properties, high surface area, biocompatibility, as well as conjugation with other molecules enable their widespread applicability. Such trends are expected to propel market growth.

Gold nanoparticles are used as conductors in electronic applications such as electronic chips to conductors. The optimization and miniaturization are the major factors driving the electronics industry. Gold nanoparticles aid in these efforts of the electronics industry. The growth of the electronics industry in regions such as Asia Pacific are expected to aid the global market demand growth.

The food & beverage industry utilize the colorimetric sensors manufactured by utilizing these metal nanoparticles. These sensors aid to qualify whether the food is fit for consumption or not. Rising awareness regarding the quality of food, concerns over food quality scams, and prevalent rules and regulations have forced food manufactures to manufacture high quality food. Such trends are expected to drive the gold nanoparticles market demand.

Toxicity of gold nanoparticles is expected to restrain market growth. Prescribed regulations aimed at containing this toxicity have to be abided by manufacturers. Industry participants have developed novel manufacturing methods which eliminate the usage of such toxic substances in their manufacturing processes.

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Gold nanoparticles are used in memory devices. These products are also used to manufacture insulators which display excellent stability and also contribute to the prevention of charge accumulation. Due to their excellent catalytic as well as conductive properties, electronics industry is widely utilizing this material.

Research and Development activities are influencing the market growth. Researchers have developed products which can attract and destroy the viruses in the body. These products mimic the human body cells. These products can also be used to cure antimicrobial diseases. Different materials have also been developed to be used to treat ageing skin diseases. The growing medical industry is benefitting the market demand.

The prevalent medical industry in North America, as well as strong presence of industry participants is contributing to the regional demand. Strong demand from countries such as China, India and Japan is propelling the Asia Pacific market growth. Companies are focusing on developing regions to gain market share.

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Plastic Packaging Market Future Technological Trends and Business Opportunities By 2026

The Plastic Packaging market size is anticipated to reach USD 416.2 billion by 2026. In 2017, the bottles segment dominated the global market, in terms of revenue. Asia-Pacific is expected to be the leading contributor to the global market revenue during the forecast period. A significant increase in disposable income, changing lifestyles, and improving living standards have increased the demand for food products, consumer electronics, and retail products among others, which supports the market growth.

Initiatives by market players to offer innovative products in the market, communicate brand values, and create brand differentiation also drive the market growth. Other driving factors include growing middle class population, and increasing penetration of e-commerce platforms. The significant growth in e-commerce and rising consumer demand for consumer goods has resulted in growth in packaging segments such as protective packaging, flexible pouches and innovative bottles. Increasing demand from developing nations, and technological advancements are factors expected to provide numerous growth opportunities to the market players during the forecast period.


Large brands are focusing on personalized and customized plastic packaging to create an impact on consumers and enhance brand awareness. Packaging enables companies to differentiate brands and offer personalization. Packaging can provide links to information about the product, both enhancing the product and providing details about its provenance. Plastic packaging enables enhancing of brand power for global brands and offers an effective method to compete with private label and emerging local players. Growth in digitalization offers consumers access to vast and detailed information. Communicating brand values effectively and enabling product differentiation is a major factor driving the growth of the plastic packaging industry.
  
Asia-Pacific generated the highest revenue in the plastic packaging market in 2018, and is expected to lead the global market throughout the forecast period. The increasing population in the region coupled with growing disposable income has increased the sale of food and beverages, apparel, and consumer goods, driving the market growth. Consumers in the region are increasingly opting for packaging that is easy to use and convenient to transport. Smaller, lighter and easily disposable packaging is being used to make consumption-on-the-go easier. The growing healthcare, retail, and pharmaceutical industries in countries such as China, Japan, and India support the market growth.

The well-known companies profiled in the report include Mondi Group, Berry Plastics Corporation, Sonoco Products Company, Amcor Limited, DS Smith plc, Bemis Company, Inc., NatureWorks LLC, Consolidated Container Company, Reynolds Group Holdings Limited, and Alpla Werke Alwin Lehner GmbH & Co. KG. These companies launch new products and collaborate with other players in the global plastic packaging industry to innovate and launch new products to meet the increasing needs and requirements of consumers.

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Polaris Market Research has segmented the global plastic packaging market on the basis of type, product, end user and region:
Plastic Packaging Type Outlook (Revenue, USD Billion, 2015 – 2026)
  • Rigid Plastic Packaging
  • Flexible Plastic Packaging
Plastic Packaging Product Outlook (Revenue, USD Billion, 2015 – 2026)
  • Bags
  • Cans
  • Bottles
  • Pouches
  • Others
Plastic Packaging End User Outlook (Revenue, USD Billion, 2015 – 2026)
  • Food and Beverage
  • Healthcare
  • Pharmaceutical
  • Retail
  • Personal and Home Care
  • Others
Plastic Packaging Regional Outlook (Revenue, USD Billion, 2015 – 2026)
  • North America (U.S., Canada)
  • Europe (Germany, UK, France, Italy, Spain, Belgium, Russia, Netherlands)
  • Asia Pacific (China, India, Japan, Korea, Singapore, Malaysia, Indonesia, Thailand, Philippines)
  • Latin America (Brazil, Mexico, Argentina)
  • Middle East & Africa (UAE, Saudi Arabia, South Africa)

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Tuesday, 30 June 2020

Car T Cell Therapy Market Trends, Drivers, Strategies, Segmentation Application with Top Key Players

The report “CAR-T Cell Therapy Market Share, Size, Trends, Industry Analysis Report By Target Antigen (CD19/CD22, BCMA, Others); By Indication (Diffuse Large B-Cell Lymphoma (DLBCL), Acute Lymphoblastic Leukemia (ALL), Chronic Lymphocytic Leukemia (CLL), Multiple Myeloma (MM), Follicular Lymphoma (FL), Others); By Regions: Segment Forecast, 2020 – 2026” provides deep dive insights on the current market dynamics and gives a detailed analysis on future growth trends of this market. The global CAR-T Cell Therapy market size is expected to reach USD 8.92 billion by 2026 growing at a CAGR of 34.5% from 2020 to 2026 according to a new study published by Polaris Market Research

This market report focuses on CAR-T which is one of the most innovative therapy available in the market which uses the patients’ immune cells to fight cancer. The WBCs (white blood cells) are extracted – reengineered – injected again into the patient body to fight the malignant cells. This novel therapy has joined the bandwagon of the cancer cure treatments and it is expected to be one the sought-after therapies in the market. Majority of the companies have already started investing in them to gain a better market share in this industry.   


Some major key players in global CAR-T Cell Therapy Market includes Bluebird Bio (US), Celgene Corporation (US), Gilead Sciences, Inc. (US), Cellectis (France), Servier Laboratories (France), Pfizer Inc. (US), Mereck KGaA (Germany), Amgen Inc. (US), Intellia Therapeutics (US), Novartis International AG (Swiss), Caribou Biosciences, Inc. (US), Celyad (Belgium), Bellicum Pharmaceuticals, Inc. (US), Noile-Immune Biotech (Japan), Nanjing Legend Biotechnology Co., Ltd. (China), Johnson & Johnson (US), Sangamo Therapeutics, Inc. (US) among others.

According to the analysis by Polaris Market Research, the potential of the market is ~ $9 billion by 2026, with major focus on Diffuse Large B-Cell Lymphoma (DLBCL) indication in 2020-21. However, it is expected that the market would also start focusing on Multiple Myeloma (MM) indication and the market for the same is expected to grow at a compounded annual growth rate of more than 80% from 2020 to 2026.

It is estimated that U.S. is one of the major markets for CAR-T Cell Therapy due to continuous R&D happening in this region also backed by ongoing regulatory approvals of the new therapies. Along with the new therapy developments, companies are also focusing on establishing centers for cancer awareness and how this novel therapy would help in cancer treatment. This would help the market to grow in this region. The European region is also expected to closely follow by U.S. wherein European Medicine Agencies (EMA) have approved Kymriah and Yescarta which is expected to push the market for further growth in this region. However, the market for Asia Pacific is at its early stages wherein Ministry of Health, Labor and Welfare (MHLW) of Japan is the first regulatory authority to approve Kymriah in APAC.

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It can be seen that the business scenario of the market is dynamic and major companies are competing with each other to increase their market share in the major geographies of U.S. and Europe. For example, Novartis and Gilead came-up with 33 and 28 authorized centers respectively in U.S. Some of the major companies in this space such as Celgene are expected to file for FDA approvals for two more CAR-Ts lisocabtagene maraleucel in lymphoma and bb2121 (idecabtagene vicleucel) in myeloma.

Along with opening new centers and acquiring necessary government approvals, the companies are also focusing on partnerships, acquisitions and mergers. For instance, Celgene acquired Juno Therapeutics in November 2018 for approximately $9 billion in 2018 and further Bristol-Myers Squibb completed its acquisition of Celgene in November 2019.

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Textile Chemicals Market Global Industry Analysis, Size, Share, Growth, Trends And Forecast 2026

The global textile chemicals market is anticipated to reach USD 25.73 billion by 2026 according to a new study published by Polaris Market Research

Textile chemicals are one of the major segments of the global chemical manufacturing industry. The growth of the textile manufacturing industry has been the major factor driving demand for these products. Relatively low capital intensity, use of low skilled labor and lower investment cost characteristics depicts the industry’s relatively footloose nature and hence can adjust to the changing conditions of the market. Several trade policy regulatory norms and their nature of volatility in different geographies have played a significant role as this segment of the chemicals are bound to satisfy even the textile manufacturing legislations.


Demand of these chemicals across different geographies is influenced by the rising emphasis of product quality all throughout the world-wide textile industry and also the increasing demand for durable and comfortable apparels. Moreover, increasing production of technical/industrial and automobile textiles is expected to further add to the demand of these products. Natural fibers of cheap are among the leading segments generating higher consumption figures for these products. However, cheaper fibers with manmade better performance alternatives use in several industrial might be a restraint for direct and vat dyes, reactive as well as preparation and sizing chemicals that are generally used in the processing of these natural fibers.
  
The nonetheless naturally derived fibers are projected to constitute a larger share of the application segment. This will provide higher market penetration opportunities mainly for the high value non-chlorine bleaching agents including hydrogen peroxide and also for other product segments like finishing chemicals. As natural fibers are expected to be the largest market for these textile chemical components, strong demand for products designed for offering improved performance and comfort of cellulosic and synthetic manufactured fibers.


Asia Pacific region is expected to emerge as the largest market worldwide. Along with increasing penetration of these products, consumption of these products is increasing, owing to the increasing textile manufacturing base especially in China and India. The primary export markets of the region include Brazil, Western & Eastern Europe and the Middle East. The Asia Pacific market is also projected to grow at a faster rate compared to other regions.

Some of the leading industry participants actively operating in the present industry scenario include Archroma, The DyStar Group, The Lubrizol Corporation, Lonsen Inc., The Dow Chemical Company, Kiri Industries Limited, Solvay SA, OMNOVA Solutions Inc., Covestro AG and Pulcra Chemicals GmbH.

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Hearing Aids Market Global Industry Analysis, Size, Share, Growth, Trends And Forecast 2026

According to a new report published by Polaris Market Research, the global hearing aids market is anticipated to reach USD 6,992.1 million by 2025. In 2017, by technology, digital technology segment dominated the market in terms of revenue and hold major share in the market. Regionally, Europe accounted for the major share in the hearing aid market.

The hearing aid market is primarily driven by increasing incidences of hearing loss due caused due to increased noise pollution, rising geriatric population, and need for continuous technological advancement of the devices. Moreover, deafness due to ear infections, and birth complications also influence the growth of hearing aids market during the forecast period.

The leading companies operating in this industry include Sonova, Gn Store Nord, William Demant Holding A/S, Widex A/S, Sivantos, Starkey, Zounds Hearing, Sebotek Hearing Systems, Benson Hearing, Microteck Systems, Medtronics, and Microscan.



Behind the ear (BTE) hearing aid constitutes a major market share owning to its benefits like high efficiency, easy use, and better connectivity. However, canal hearing aids are estimated to grow at a higher rate due to the increased preference for invisible aids with better functions and connectivity.

Based on the patient type the hearing aids market is segment as adult patients and pediatric patients. Adult patient hearing aid market anticipated higher growth during the forecast period. This growth is majorly attribute by increasing number of geriatric population worldwide and increasing incidences of hearing loss.

Technologically, hearing aids market is segmented into digital hearing aids and analog hearing aids. Digital hearing aids holds major market share in hearing aids market and is estimated to grow at a faster rate in the forecast period.  The growth of digital hearing aids is primarily driven by continuous technology advancements & innovations that provide wireless connectivity to all types of smartphones with improved listening experience in noisy environments.



Europe holds a dominating position in the global hearing aids market which is followed by North America and Asia Pacific. The growth in the European hearing aids market is majorly driven by the increasing number of geriatric population, increased prevalence of hearing loss, and availability of technological advanced hearing aids. However, high cost of the devices can impede the growth of hearing aid market in Europe.


Key Findings from the study suggest products available in the market are continuously concentrating on the technological advancements. Companies while developing new technology considers the factors such as increasing disposable income and increasing number of geriatric population globally. Europe is presumed to dominate the global hearing aid market over the forecast years and Asia Pacific region shows signs of high growth owing to the booming economies of India, and China.


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Endoscopy Devices Market Size, Regional Insights, Trends, Revenue & Forecast To 2026

According to a new research published by Polaris Market Research, the endoscopy devices market is anticipated to reach over USD 69,578.8 million by 2026. In terms of revenue, the visualization systems segment dominated the global market. Geographically, North America is expected to be the leading contributor to the global market revenue in 2017 owing to increased demand for minimally invasive surgical process in this region.

The rising prevalence of gastrointestinal disorders, cancer, and other chronic illness due to the rapidly increasing ageing population, diabetes, obesity and major lifestyle changes is the major factor driving the market growth. In addition, minimal invasiveness, lesser post-surgical complications, reduced hospital stay, faster recovery time and minimal scarring, which in turn lowers treatment costs, makes it one of the most sought-after procedures. Also, the increasing awareness about endoscopy techniques and its benefits among patients and medical personnel, various technological advancements in endoscopy and diverse applications in the diagnosis and treatment of various diseases and the availability of reimbursement for procedures done using endoscopy devices further give an impetus to the market growth. Emerging market in developing countries and technological advancements provide several opportunities for market growth in the near future.


North America generated the highest revenue in the market in 2017, and is expected to lead the global market throughout the forecast period. The increasing patient pool and favorable reimbursement policies drive the market growth in the region. The growing awareness among patients and medical professions coupled with the availability of the latest technological advancements further support market growth in the region. Asia-Pacific is expected to grow at the highest CAGR during the forecast period owing to increasing expenditure of GDP on healthcare, improving medical facilities and rapidly increasing patient pool in emerging countries such as China, Japan, and India.

The applications of endoscopy devices include arthroscopy, bronchoscopy, cardio-pulmonary endoscopy, laparoscopy, ENT endoscopy, gastro-intestinal endoscopy, urology endoscopy, gynecology endoscopy, neurology endoscopy and others. In 2017, the gastrointestinal endoscopy segment accounted for the highest market share owing to increasing prevalence of gastrointestinal disorder across all age groups. The improving medical facilitates and reimbursement policies and increasing demand due to rising number of patients, especially in developing countries, supports the market growth in this sector.

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The well-known companies profiled in the report include Olympus Corporation, Boston Scientific Corporation, Conmed Corporation, Cook Medical Incorporated, Covidien PLC, Fujifilm Holding Corporation, Ethicon (Johnson & Johnson), Karl Storz GmbH, Stryker Corporation, Hoya Corporation (Pentax Medical System) and Smith and Nephew, Incorporated among others. These companies have adopted collaboration and joint venture with other market leaders, and new product launches to meet the increasing needs and requirements of consumers.

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Artificial Intelligence Market Global Industry Analysis, Size, Share, Growth, Trends And Forecast 2026

According to a new study published by Polaris Market Research the global artificial intelligence market is anticipated to reach USD 54 billion by 2026. The advancements of robots and the rise in their deployment rate particularly, in the developing economies globally have had a positive impact on the global artificial intelligence market. Augmented customer experience, expanded application areas, enhanced productivity, and big data integration has highly propelled artificial intelligence market worldwide. Although, absence of adequate skilled workforce as well as threat to human dignity are some of the factors that could affect the growth of the market. However, these factors are expected to have minimal impact on the market attributed to the introduction of advanced technologies.

An extraordinary increase in productivity has been achieved with machine-learning. For instance, Google, with the help of its experimental driverless technology has transformed cars including, Toyota Prius. Integration of various tools by artificial intelligence has helped in the transformation of business management. These tools include brand purchase advertising, workflow management tools, trend predictions among others. For example, the Google’s voice accuracy technology has 98% of accuracy rate. Furthermore, Facebook’s DeepFace technology has a success rate of approximately 97% in recognizing faces. Such accuracy in technologies is further anticipated to bolster the market growth during the forecast period.


Currently, North America dominates the global artificial intelligence market attributed to the high government funding availability, existence of prominent artificial intelligence providers in the region, and robust technical adoption base. Also, the region is expected to continue its dominance during the forecast period. Moreover, the adoption of cloud-based services in key economies, such as the US and Canada, is considerably adding to the market growth in the North American region. The markets in Asia Pacific, MEA and South America region are expected to notice a high growth during the coming years. The growth in Asia Pacific region is attributed to the increasing demand for artificial technologies by the developing economies. Thus, the region is anticipated to grow at the highest CAGR during the forecast period.

Major companies profiled in the report include Google Inc., Intel Corporation, Nvidia Corporation, Microsoft Corporation, IBM Corporation, General Vision, Inc., Qlik Technologies Inc., MicroStrategy, Inc., Brighterion, Inc., and Baidu, Inc. among others.


Key Findings from the study suggest North America is expected to command the market over the forecast years. APAC is presumed to be the fastest growing market, developing at a CAGR of more than 65% over the forecast period. The artificial intelligence market is presumed to develop at a CAGR of over 55.9% from 2018 to 2026. The high implementation of artificial intelligence in several end-user verticals including, retail, automotive and healthcare is projected to boost the growth of the market over the forecast period. Several companies are making considerable investments to integrate artificial intelligence competences into their portfolio of products. For instance, in 2016, SK Telecom and Intel Corporation signed an agreement for the development of the artificial intelligence based vehicle-to-everything (V2X) technology as well as video recognition.

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