Search results for: 'processing'

Increased adoption of multicloud by enterprises has given them the required business agility to easily scale their IT infrastructure, but has also led to complexity of IT management. In order to optimally utilize the cloud resources from different providers, enterprises need management solutions powered by artificial intelligence (AI) that can easi...

24 Aug 2021  |  Global  |  Market Research

Global Machine Vision Growth Opportunities

High Automation Demand and Post-COVID-19 Changes in End-user Habits Drive the Market

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The global machine vision market revenue in 2020 is $10.28 billion and is forecast to record a 6.4% CAGR between 2020 and 2025. The market took a major hit in 2020 due to the COVID-19 pandemic, with sales declining 4.6% from 2019. However, Frost & Sullivan expects that market to register 3.8% growth in 2021. Positive trends in pharmaceuticals, food...

The need for adapting Microelectromechanical Systems (MEMS) technologies is rooted in the requirement to enable high and faster on-chip data processing needs across all industries. MEMS technology has drastically evolved over the years with a high need for miniature smart sensors with high efficiency. The key factors that are driving the MEMS tech...

Frost & Sullivan defines embedded payments as the seamless integration of payment processing capabilities into non-financial service platforms. The embedded payments industry comprises applications and software that enable businesses to offer payment acceptance in their digital stores. There has been a noticeable increase in the number of business...

31 Oct 2022  |  Global  |  Market Research

Strategic Insights on Future Smart Parking Systems

Global Market to Reach $18 Billion By 2030 With IoT, Blockchain, and RFID Reshaping Business Models and Enhancing Management Solutions

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This study offers strategic insights into the technologies and trends affecting the smart parking market. Digital technologies, such as IoT, 5G, and blockchain, have helped consumers locate parking lots through cell phones and vehicle infotainment systems. Image processing, RFID, and ground sensors have simplified the parking monitoring process wit...

Sensors are vital enablers of the Internet of Things (IoT), allowing a plethora of automated, connected devices that provide continuous feedback about their and can be remotely controlled. Sensors that are able to perform some processing and analysis on a wealth of data to provide the most important information with respect to their surroundings or...

28 May 2021  |  Global  |  Megatrends

Transformative Mega Trends Enabling Lights Out Manufacturing

Post-pandemic Manufacturing Shifts will Usher Future Growth Potential of ‘Lights Out’ Environment

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Key Issues Addressed

The COVID-19 pandemic has not only hindered global manufacturing output but has also hastened the shift toward Industry 5.0. Digitalization and automation are rapidly shaping business strategy, with nearly 90% of companies embracing digital transformation in the short term. In an effort to become more resilient and shock-proof, manufacturers, espec...

20 Sep 2023  |  Global  |  Technology Research

Edge AI Accelerators—Emerging Opportunity Analysis

Expanding IoT Applications Drive Growth

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Specialized edge AI hardware that enables quick deep learning on-device has become essential due to the rising need for real-time deep learning workloads. Additionally, a cloud-based AI method cannot ensure data privacy, low latency, or offer high bandwidth. As a result, many AI workloads are shifting to the edge, increasing the demand for speciali...

The rapid evolution of fintech demands innovative solutions that integrate advanced technologies to enhance efficiency, security, and scalability. This edition of IT, Computing and Communications (ITCC) Technology Opportunity Engine (TOE) captures developments related to Artificial Intelligence, Machine Learning, SaaS, Fintech, IoT Platform, Edge C...