The United States Artificial Intelligence Market Is Expected To Grow At CAGR Of ~26% By 2028: Ken Research

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What is the Size of US Artificial intelligence industry?

US Artificial Intelligence market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD Bn by 2028. The US Artificial Intelligence Market has been developing for the last few years now & is widely applied across various fields including healthcare, finance, manufacturing, retail etc. which has been influencing its growth across these industries. In the United States, the most prominent examples of AI applications include natural language, processing, machine learning, computer vision, robotics and autonomous systems. Several key factors have ensured that the Artificial Intelligence Market has grown multi-fold within the country. First, increasing investment by both public & private sector have ensured that the AI industry is thriving.

Second, the continuous progress made by the country in finding hardware, AI algorithms & computing power which makes sure that the US Artificial Intelligence market continues to thrive & contribute to the country’s economic growth.  Third, many companies are adopting the artificial intelligence mechanisms in order to improve efficiency, enhance decision making & develop innovative products & services. For instance, Microsoft focuses on using AI for web search & image generation.  Lastly, there is immense support by the government of United States. With schemes like National Initiative & American AI Initiative make sure that artificial intelligence is used for economic development & national security.

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Us artificial intelligence market by Type

The US Artificial Intelligence market is segmented by Components into Software & Hardware. Amongst the two components, software is becoming the dominant segment in the market in 2022, as its demands are constantly increasing.

Software & services includes various types of AI platforms, frameworks & applications that enable businesses to build & deploy AI solutions. AI software includes natural language processing (NLP), computer vision, machine learning & deep learning tools. These services cater to businesses seeking to integrate AI into their systems. Hardware consists of specialized processors & chips designed to accelerate AI computations, Graphic Processor Units (GPUs) and Tensor Processing Units (TPUs) are prime examples of AI-specific hardware which is used to run & train AI models.

Us Artificial Intelligence Market By Industry

The US Artificial Intelligence market is segmented by Industry into Healthcare, Finance, Retail & E-commerce, Manufacturing & Automotive industry. Undoubtedly, manufacturing industry is leading the way when it comes to using artificial intelligence in 2022. Predictive mechanisms are used to monitor equipment & machinery in real time.  In certain manufacturing sectors like automotives & aerospace, AI powered autonomous vehicles & drones were employed for material handling & inventory management, enhancing the efficiency & safety of these operations.

Us Artificial Intelligence Market by geography

The US Artificial Intelligence market is segmented by Geography: North, East, South & West regions. North region of the US artificial intelligence market includes Silicon Valley & Seattle. Silicon Valley is dominant mode in the market in 2022. It is a house to many tech giants, start-ups & research institutions working on developing cutting-edge technologies. South region includes places like Texas, Florida & Georgia, which have seen an increase in AI related activities, driven by growth of AI companies & research centers. This region is also seeing the application which includes agriculture, energy & finance. AI Development is not limited to specific regions, as there are pockets of AI research & start-ups across the country.

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Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report:

• • Government agencies
  • Tech companies
  • Investors & Venture Capital Firms
  • Academic & Research Institutions
  • Businesses across Industries
  • Consulting Firms
  • Educational Institutions
  • Non-profit organizations

Time Period Captured in the Report:

• • Historical Period: 2017-2022
  • Base Year: 2022
  • Forecast Period: 2023-2028

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US artificial intelligence market

UAE's Entertainment and Leisure Sector Soars with Strategic Makeover: Ken Research

 The UAE and KSA are anticipated to lead extraordinary growth, surpassing the global Entertainment and Cinema Market. In response to increasing demands, Entertainment Avenue operators must creatively leverage advanced technologies like data analytics and predictive algorithms.

STORY OUTLINE

UAE's Entertainment Industry Transformation: Innovative concepts and technology integration captivate audiences, driving impressive market growth of ~10% CAGR from 2022-2027.

DCT Abu Dhabi's Investment Blitz: A $6 billion injection into media, movies, gaming, and music sectors to create new job opportunities.

Collaboration and Expansion: Traditional entertainment and tech companies join forces to deliver personalized, interactive experiences to customers.

META Forum and Dubai's Creative Economy Strategy: Initiatives boosting cinema facilities and aiming to double creative industries' contribution to Dubai's GDP by 2025.

The UAE's Entertainment Industry is witnessing a remarkable transformation driven by innovative and creative concepts that are captivating audiences like never before. This surge in demand has spurred the rising integration of technology across various verticals within the industry. From virtual reality and augmented reality experiences to personalized digital platforms, technology is becoming an essential component in delivering captivating entertainment to a diverse audience. As the market continues to expand at an impressive CAGR of around ~10% during 2022-2027, industry players are actively exploring new ways to blend imagination with cutting-edge technology to offer unforgettable entertainment experiences.

1. The Media Revolution: Abu Dhabi's $6 Billion Investment Blitz!

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The wealthy capital of the United Arab Emirates has merged its culture and creative industries, encompassing museums and media industry infrastructure, under a unified entity named DCT Abu Dhabi.

DCT Abu Dhabi, the newly formed unit consolidating the capital's culture and creative industries, is set to inject a staggering USD ~6 billion into sectors such as media, movies, gaming, and music over the next five years. This bold investment is expected to generate a surge of new job opportunities in these thriving sectors.

2. Expansion and Collaboration Set to Redefine Industries

The entertainment and leisure industry are witnessing collaborations between traditional entertainment providers and technology companies. By leveraging data analytics, artificial intelligence, and virtual reality, businesses are delivering personalized and interactive entertainment experiences to customers.

Cinépolis Cinemas is set for robust expansion, partnering with Al Tayer Group in a joint venture to establish cinemas across the GCC. Additionally, the company has signed an agreement with Ithra Dubai to manage a brand-new 10-screen multiplex in Deira. Notably, Cinépolis has also made its mark in Abu Dhabi, with the opening of Cinemacity at Al Qana.

3. META Forum's Creative Economy Strategy Takes Center Stage

Explore three key segments within the creative sector

META Cinema Forum played a crucial role in meeting the rising demand for cinema facilities and bolstering Dubai's Creative Economy Strategy. This strategic initiative aims to double the contribution of creative industries to Dubai's GDP to approximately 5% by the year 2025, while also targeting an increase in the number of Dubai creative companies to 15,000 by the same year.

In 2021, the Minister of Culture and Youth in the UAE introduced a new National Strategy for the Cultural and Creative Industries (CCI), encompassing 40 initiatives tailored to enhance and promote three key segments within the creative sector.

In Conclusion, the UAE's Entertainment Industry is undergoing a dynamic and captivating transformation, fueled by innovative concepts and cutting-edge technology. With a remarkable ~10% CAGR projected until 2027, the market's expansion is driving industry players to explore imaginative ways of integrating technology to deliver unforgettable entertainment experiences. Strategic investments, expansions, and collaborations are reshaping the landscape, creating a promising future for the UAE's vibrant and thriving entertainment sector.

From Accidents to Solutions: Navigating KSA's Thriving Aftersales Service Market: Ken Research

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KSA's automotive repair industry, encompassing crash repair, mechanical repair, auto care, quick lube, spare parts, motor insurance, and rental & leasing, is projected to reach SAR ~2.5billion valuation by 2025, offering inter-related opportunities for growth and understanding.

STORY OUTLINE

• Growing Industry Valuation: KSA's automotive repair industry, including crash repair, mechanical repair, auto care, quick lube, spare parts, motor insurance, and rental & leasing, projected to reach SAR ~2.5 billion by 2025.
• Diverse Product Sections: Over 100 exhibitors from 12 countries showcased aftercare products and solutions across six distinct sections, reflecting industry breadth.
• Importance of Crash Repair: Vital for vehicle safety and functionality, driven by accident rates, vehicle ownership, and insurance coverage. 2019 saw around 1,897 fatal road accidents in KSA.
• Technological Advancements: Investments in advanced tools and technologies like computerized diagnostics and automated repair processes are reshaping KSA's aftersales market, while aluminium repair expertise becomes crucial.
• Insurance Penetration and Growth: With approximately 35% insurance penetration and 5 million motor insurance policyholders, significant growth in revenue from insurance claims for crash repair is anticipated.

In the year 2020, more than 100 exhibitors hailing from 12 different countries gathered to present cutting-edge automotive aftercare products and solutions across six distinct product sections. 7 Verticals Shaking up KSA's Automotive Aftersales Service Industry: Crash Repair Industry, Automotive Mechanical Repair Industry, Auto Care Industry, Quick Lube Industry, Spare Part Market, Motor Insurance Industry, Vehicle Rental & Leasing Industry.

1. The Vast Landscape of Aftersales Services and Crash Repairs in KSA

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The crash repair market in KSA plays a crucial role in maintaining the safety and functionality of vehicles and is driven by factors such as the number of accidents, vehicle ownership, insurance coverage, and regulations pertaining to road safety. Road accidents are a significant contributor to the demand for crash repair services. In 2019, there were approximately 1,500+ fatal road accidents reported in Saudi Arabia, resulting in 2,106 fatalities.

On an average, 65-70% of the crash repair charges are for spare parts, 5-10% for consumables and 15-20% for labour charges.

2. Revolutionizing KSA's Aftersales Service Market with Technological Upgrades

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Investments are directed towards adopting advanced technologies and tools that improve the repair process and enhance the quality of repairs. This includes computerized diagnostics, precision measuring systems, advanced paint booths, and automated repair processes. The automotive industry is increasingly incorporating aluminium in vehicle panels to achieve lightweight designs. In 2017, The Saudi National Automobile Manufacturing Co. (SNAM) and the Saudi Arabian Mining Co. (Maaden) entered into a cooperation agreement to enhance the aluminium content in new vehicles.

As a result, body shops need to develop capabilities for aluminium repair, which differs from steel panel repair in several aspects. For instance, traditional hammering techniques are ineffective for removing dents from aluminium panels, requiring the use of heat-based methods instead.

3.Ensuring Your Ride: Exploring Insurance Penetration in the KSA Automotive Market

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Insurance coverage plays a vital role in the crash repair market. As of 2020, the insurance penetration rate for vehicles in Saudi Arabia was around ~35%. This means that a significant portion of vehicles on the roads is covered by insurance, which contributes to the demand for crash repair services.

In 2020, the number of motor insurance policyholders in KSA reached approximately 5 million. Looking ahead, the revenue generated through insurance claims for crash repair is projected to exhibit rapid growth over the next five years. It is compulsory for all fleet companies to insure their vehicles and for vehicles older than 3-4 years majority prefer to repair the vehicle at non-agency in case of accident.

In conclusion, KSA's aftersales service market, including crash repairs, technological advancements, and insurance penetration, is a critical component of the automotive industry. With the growing importance of safety, advanced repair technologies are revolutionizing the sector. Additionally, insurance coverage plays a vital role in driving the demand for crash repair services. As the market continues to evolve, stakeholders must adapt to meet the diverse needs of vehicle owners and ensure a safe and efficient aftersales service landscape in KSA.

Future Outlook of US Metaverse Market: Ken Research

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What Is The Market Size Of Us Metaverse Industry?

US Metaverse market is growing at a double digit CAGR in 2017-2022 and is expected to reach USD ~ Bn by 2028. The US Metaverse Market is largely driven by One of the significant growth drivers of the metaverse market is the increasing demand for immersive and interactive virtual experiences across various industries, including gaming, entertainment, education, and commerce. US Metaverse Market is at a growing stage. It is a fragmented market with the presence of many metaverse companies. The market has seen emergence of abundant players in the past 5 years and the industry will further boost owing to the needs and wants of consumers for a more customized virtual reality platform.

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Few major US Metaverse players are Lilith Games, Roblox Corporation., Tencent Holdings, Byte Dance., Nvidia Corporation. Europe continues to dominate the US Metaverse market. Depending on technology, the virtual reality and augmented reality segment dominated the metaverse market share in 2020, and is expected to continue this trend during the forecast period, owing to growing demand for virtual reality (VR) / augmented reality (AR) based services. An increase in awareness and lifestyle changes is the fundamental driver of metaverse market growth. Customers are more likely to remain loyal when their needs are customized.

Us Metaverse Market Segmentation By Component

The US Metaverse market is segmented by Component into Software, Hardware and Professional Services. Software was the dominant form.

Us Metaverse Market Segmentation by Vertical

The US Metaverse market is segmented by vertical into Consumer, Commercial, Industrial Manufacturing, Healthcare and Others. Consumer was the most dominant in 2022.

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Us Metaverse Market Segmentation by Region

The US Metaverse market is segmented by region into North, South, East and West of America. North America is the most dominant market.

Competition Scenario in Us Metaverse Market

The US metaverse market is fragmented. The report covers the major players operating in the United States virtual reality market. Some of the prominent players in the industry are Lilith Games, Roblox Corporation., Tencent Holdings, Byte Dance., Nvidia Corporation. Competition in the metaverse is intensifying as more companies enter the market, offering a variety of virtual reality, augmented reality, and extended reality experiences. Established tech giants, startups, and gaming companies are vying to capture a significant share of the growing metaverse industry, leading to innovative developments and unique offerings to attract users.

What Is The Expected Future Outlook for The Overall Us Metaverse Market?

The US Metaverse market was valued at USD ~ billion in 2022 and is anticipated to exceed USD ~ billion 2028, witnessing a robust CAGR during the forecast period 2022-2028. The realistic growth scenario represents the most likely scenario as per current market conditions. This scenario assumes that there will be no overall impact on the market due to any potential COVID-19 waves in the future. The US Metaverse market is driven by demand for rising disposable income in developing economies. The continuous advancements in virtual reality (VR), augmented reality (AR), and extended reality (XR) technologies are fueling the development and adoption of metaverse platforms, creating new opportunities for businesses and users alike.

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The government has set forth ambitious strategies to leverage digital technologies extensively in enhancing its services, processes, and decision-making capabilities. Rise in Demand in the media and entertainment, gaming and adjacent markets like virtual reality (VR), augmented reality (AR), mixed reality (MR), and digitalization in the fashion, retail, and art industries are the main factors for the metaverse industry growth. The concept of sustainable packaging is proving to be a highly beneficial investment and a responsible choice for the environment when it comes to reality platforms. With the rising awareness regarding the environmental impact of virtual assets and digital content within the metaverse, there is a growing push for new policies and measures that hold businesses accountable for sustainable practices and responsible management of virtual resources.

AI and cognitive learning technologies have started to play a decisive role and are poised to be game-changers in several avenues. During the forecast period of 2022-2028, it is anticipated that the US Metaverse market will grow at a massive CAGR by 2028. Growing concerns about virtual avatar health and excessive virtual consumption habits are prompting various governments to adopt plain packaging strategies for metaverse products. By implementing plain packaging regulations, authorities aim to raise awareness about digital well-being and encourage responsible virtual choices among users within the metaverse.

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US Metaverse Market Outlook to 2028

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UK Metaverse Market Outlook to 2028

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How do UAE Car Rental, Leasing, And Limousine market dynamics impact its Automotive & Transportation sector? : Ken Research

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This whitepaper dives into the vibrant landscape of the UAE's car rental, leasing, and limousine market, presenting a comprehensive analysis of its outlook. With the UAE's status as a global hub for tourism, business, and luxury, the transportation sector plays a pivotal role in facilitating seamless mobility.
Explore the market's dynamics, encompassing government rules, regulations, and initiatives that shape the industry's growth trajectory. This paper aims to analyze the industry's positioning, market overview, and ecosystem, providing insights into the factors influencing growth and the challenges faced. Additionally, it highlights emerging trends, allowing top industry executives to anticipate and navigate future opportunities in this dynamic marketplace.

1. The UAE Car Rental and Leasing Industry is highly unorganized with the small fleet operators dominating the landscape

 

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1.1 The Rental industry is currently at a late growth stage, where there is a need for better connectivity, customer centric approach & tech advancements

1.2 While the Leasing industry shows some promise as customers trust the companies, they seek to expand their service portfolio with more value added services

1.2.1 As far as leasing is concerned, the cost and flexibility of duration played a key role in end-user’s preferences

1.3 In contrast, the Limousine Industry is in its growing phase and can be expected to expand further due to development of more corporate offices & international tourists

2. However, seasonal demand of rental services and a weak auto sector, prove to be important challenges for a strong growth in the renting & leasing industry

3. But, government initiatives such as Ghadan 21, Energy strategy 2050 are steps in the right direction to spearhead growth in rental, leasing and Limo industries

4. With the industry now tapping into the power of ML, IoT and other sustainable alternatives, UAE’s automotive & transport sector’s future looks bright

Some of the Intelligence Curated by Ken Research in Car Rental, Leasing and Limousine Market Space:

• UAE Car Rental, Leasing and Limousine Market Outlook to 2024-Driven By Growing Corporate Ecosystem and Growth in Tourism Backed Up Government Initiatives and Annual Events
• UK Lubricant Market Outlook to 2027 Driven by rising focus on sustainability, inclination towards synthetic lubricants and rising construction activity in the region
• Global Electric Motor Market Outlook to 2027 Segmented by Motor Type (AC and DC), By Voltage Type ( Less Than 1 kV , Between 1 kV – 6 kV , Higher Than 6 kV), by Application( Commercial and Residential), By Geography ( Europe, Asia –Pacific, Latin America, Middle East and Africa
• Netherlands EV Charging Equipment Market Outlook to 2027 Driven by Rising Demand for Eco-friendly Transport and Strong Government Policies and Incentives
• UK EV Charging Equipment Market Outlook to 2027 Driven by Rising Demand for Eco-friendly Transport and Strong Government Policies and Incentives
• KSA Automotive Market Outlook to 2027 Driven by rising influx of women drivers and domestic manufacturing in the KSA

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UAE Car Rental Market

Shell's Prelude FLNG Facility's Safety Breach Raises Fire and Explosion Risks: Ken Research

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Australia's offshore regulator, Nopsema, stated that the operator is probable to once more breach occupational health and safety laws.

STORY OUTLINE

• Worker Safety Priority: Offshore oil and gas worker safety crucial for accident prevention and environmental protection.
• Prelude FLNG Breach: Shell's facility exposes workers to fire and explosion risks, prompting concern over safety compliance.
• Stringent Protocols Essential: Robust safety protocols vital in intricate offshore settings to prevent accidents and protect lives.
• Recurring Breach Concerns: Nopsema warns of potential law violations by Prelude FLNG operator, raising doubts about commitment to safety.
• Immediate Action Required: Rapid regulatory intervention needed to rectify breaches, ensuring worker safety through training, maintenance, and audits.

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The safety of workers on offshore oil and gas facilities is paramount to prevent accidents, protect lives, and safeguard the environment. In a recent development, workers on Shell's Prelude Floating Liquefied Natural Gas (FLNG) facility in Australia have been potentially exposed to fire or explosion risks due to a reported safety breach. The incident has raised concerns about the adherence to occupational health and safety laws and underscores the critical need for stringent safety protocols in the oil and gas industry.

1. The Prelude FLNG Facility and Safety Breach

Shell's Prelude FLNG facility is a massive offshore installation situated off the coast of Western Australia. As one of the largest FLNG facilities globally, it plays a vital role in extracting, liquefying, and storing natural gas from deep-sea wells. However, recent news has shed light on safety concerns that have arisen due to a breach in safety protocols on the facility.

The reported safety breach has put workers at risk of potential fire or explosion hazards. Australia's offshore regulator, the National Offshore Petroleum Safety and Environmental Management Authority (Nopsema), has raised an alarm about the operator's potential violation of occupational health and safety laws. This unsettling revelation is a reminder of the importance of adhering to strict safety guidelines in such complex and hazardous environments.

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2. Recurring Safety Violations

What makes this situation even more alarming is that Nopsema has indicated that the operator of the Prelude FLNG facility is likely to contravene occupational health and safety laws again. This raises serious concerns about the company's commitment to ensuring the safety and well-being of its workers.

Occupational health and safety laws exist to protect workers from harm, and any violation of these laws jeopardizes the lives of those working in potentially dangerous conditions. Safety breaches can have devastating consequences not only for the workers involved but also for the surrounding environment.

3. Implications and Urgent Action

The potential exposure to fire or explosion risks on Shell's Prelude FLNG facility serves as a stark reminder that safety cannot be compromised in the pursuit of energy production. Offshore facilities pose unique challenges due to their remote locations and complex operations. As such, strict adherence to safety protocols is not just a legal requirement but a moral obligation.

The regulatory authorities must take immediate action to investigate the safety breach and ensure that corrective measures are implemented promptly. Companies operating in the oil and gas sector must prioritize the safety of their workforce and invest in comprehensive training, equipment maintenance, and regular safety audits.

In Conclusion, the news of potential fire and explosion risks faced by workers on Shell's Prelude FLNG facility is a sobering wake-up call for the oil and gas industry. It emphasizes the importance of continuous vigilance, adherence to safety protocols, and the unwavering commitment to protecting human lives and the environment. The incident serves as a stark reminder that the pursuit of energy resources should never come at the cost of worker safety. It is imperative that regulators, operators, and the entire industry work collectively to prevent such incidents and ensure the well-being of all those involved in offshore operations.

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Major Players Mentioned in the Report:

Automotive Lubricant Players

• Castrol
• Shell (Viva Energy)
• Exxon Mobil
• Chevron
• Total Energies
• Penrite

Industrial Lubricant Player

• Shell
• Castrol
• Chevron (Caltex)
• Fuchs

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Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report:

• Infrastructure and Real Estate Companies
• Mining Companies
• Government Entities
• Construction Companies
• Oil and Gas Companies
• Automotive lubricants manufacturers and other stakeholders
• Automotive OEMs
• Potential Market Entrants
• Industry Associations
• Consulting Agencies
• Government Bodies & Regulating Authorities

Time Period Captured in the Report:

• Historical Period: 2017-2022
• Base Year: 2022
• Forecast Period: 2022-2027

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Australia Lubricant Market

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Italy Lubricant Market Outlook to 2027

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UK Lubricant Market Outlook to 2027

How Google and IBM Watson Started AI Revolution in US? : Ken Research

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Google has invested $30 billion towards developing its search engine & Google Assistant. Moreover, companies like Google & IBM are playing a key role in facilitating AI related start-ups make it big in AI market.

Google & IBM are two leading players in the United States Artificial Intelligence market. Both these companies have massively invested in the market, not only for themselves, but also to ensure other AI-related start-ups & companies are thriving. Thereby, increasing their own customer base as well.

Story Outline

• IBM Watson’s Natural language processing services have enabled significant cost savings & data security for companies processing large volumes of documents with advanced features like content mining & keypoint analysis
• Google’s massive investment in AI, amounting to 7 million dollars have fuelled innovation in various domains including search, mobile apps & healthcare. They have also invested in start-ups to expand their customer base.
• Both Google & IBM offer AI powered solutions for cybersecurity & customer experience. IBM provides AI based cybersecurity solutions while Google offers Cloud Security Workbench & other AI models to tackle security threats.
• According to Ken Research, the US artificial intelligence market is expected to reach more than 100 billion towards 2028, owing to digitalization & a significant reliance on AI-integrated systems for analyzing large amount of data & improving operational efficiency.

1. IBM Watson & Google Transforming Industries with Advanced NLP

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Natural language is a smooth interface where humans & machines can understand each other’s language, which involves speech recognition & voice generation. One of the companies which used Natural Language Processing (NLP) by IBM Watson, was able to 600,000 documents & could save $10 USD million dollars of time, while also keeping the data safe.

IBM NLP’s service includes Content mining, smart document understanding, keypoint analysis, to name a few things. These services can be used individually too & can be integrated easily into the daily workflow.

For Google’s Natural Language Processing, their research focuses on extracting algorithms which can be applied at scale across languages & domains to change user’s experience in search, mobile apps, ads, translations etc. across Google.

Some of the key features in Google’s NLP include: AutoML for high quality machine learning models; Natural Language API for understanding with the help of sentiment analysis, entity sentiment analysis, content classification & syntax analysis; Healthcare Natural Language API to take out machine learning insights from medical documents.

2. Google & IBM’s Massive AI Investments to Fuel Innovation

Google is one of the biggest players in AI markets, not just in the US, but across the world. In 2022, they have invested about $30.7 billion in AI for improving its search engine & other products like Google Assistant. The company has been investing in various start-ups. In February 2023, Google had invested $300 million Anthropic, with its money & computing power towards the booming generation of AI companies. They’ve initiated these investments in such companies, to increase their customer base.On the other hand, IBM had invested $200 million in 2021 to develop it’s AI assistant Watson & deliver insights from billions of sensors in cars, drones, machines, ball bearing, equipment etc. In 2023, a $102 million AI investment supported by IBM was developed. This investment reportedly stood in tough competition to OpenAI’s ChatGPT.

According to Ken Research, the US Artificial Intelligence Market , is expected to reach more than 100 billion towards 2028 because of digitalization & a significant reliance on AI-integrated systems for analyzing large amount of data & improving operational efficiency.

3. AI Powered Solutions by Google & IBM lead the way to Cybersecurity

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As artificial intelligence is getting more traction across the United States, one needs to make sure that their data is safe from data breaches & cyber-attacks. IBM provides cybersecurity through AI-based solutions like IBM Security Q-Radar SOAR, IBM Security Q-Radar SIEM etc. which provide effective insights & right actions to counter cyber threat.

In 2023, Google announced Cloud Security Workbench, a cybersecurity suite powered by specialized AI model called Sec-PaLM, which was made to resolve security cases, along with Mandiant Threat Intelligence AI, a Google property which will find, summaries & act on security threats.

VirusTotal, another Google property helps in analysing & explaining behavior of malicious scripts. Tackling security-related threats will allow the AI market to grow.

4. AI Powered Solutions by Google & IBM for Best Customer Experience

IBM Assistant Chatbot chart showing customer experience

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Google has launched Cloud Center AI to leverage personalized customer management for any organization, extending the ability to offer services through a human agent, virtual agent or both. This helps in resolving data fragmentation & providing personalized, flexible support.

For customer experience, IBM has Watson Speech to Text, which uses AI technology to understand the customer’s voice & turn it into usable, searchable text in real time. The benefits of this AI tool include call transcription, seamless conversation & speedy live agent call resolution.

Tools like these are helping businesses to deliver to their customer’s expectations & offer quality services.

Conclusion

The revolutionary advancements by Google & IBM Watson have reshaped industries, enabling efficient data analysis, cost savings & enhanced customer experience. Both companies have made massive AI investments to drive innovation & expand their reach, leading the way in cybersecurity solutions to protect against data breaches & security threats. With these tools by Google & IBM, businesses can easily provide personalized, high quality, driving growth & meeting expectations.

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Artificial Intelligence USA Market

Italy's Lubricant Market Accelerates with Growth Factors: Ken Research

The lubricants market in Italy is a significant part of the country's industrial landscape. The lubricants market in Italy is a significant part of the country's industrial landscape.

STORY OUTLINE

• Diverse Range of Lubricants: Italy's lubricants market covers a wide spectrum of products, from automotive and industrial lubricants to specialized solutions.
• Automotive Industry Catalyst: Italy's thriving automotive sector, focused on luxury and sports cars, is a major driver of lubricant demand.
• Industrial Resurgence: The growth of manufacturing, construction, and mining sectors directly influences lubricant consumption.
• Environmental Focus Sparks Innovation: Environmental concerns have prompted innovations like bio-based lubricants, eco-friendly formulations, and energy-efficient solutions.

The lubricants market in Italy is a significant part of the country's industrial landscape. It encompasses a wide range of lubricant products, including engine oils, industrial lubricants, automotive lubricants, and specialty lubricants for various applications. Italy is home to several lubricant manufacturers, both domestic and multinational, contributing to the market's competitive nature.

1. Italy's Auto Sector Drives Lubricants Market

Explore Analysis Automotive Lubricants Sector

Italy has a strong automotive industry with a focus on luxury and sports cars. This sector's growth drives the demand for automotive lubricants, including engine oils and transmission fluids.

The automotive industry is a major consumer of lubricants, accounting for a significant portion of the market's demand. Engine oils, transmission fluids, and other automotive lubricants are essential for maintaining vehicle performance and longevity.

Italy's automotive manufacturing sector faced challenges, but the country still produces a substantial number of vehicles. For example, in 2020, Italy produced over 400,000 passenger cars and almost 15,000 commercial vehicles.

2. Industrial Revitalization Fuels Surge in Italy's Lubricant Market

The industrial sector's growth, including manufacturing and construction, has a direct impact on lubricant demand. Machinery and equipment require proper lubrication to ensure smooth operations and longevity.

The mining industry relies on heavy machinery that operates under harsh conditions. Proper lubrication is essential to mitigate the effects of dust, dirt, and extreme temperatures, promoting equipment durability and uptime.

Italy's varied manufacturing sectors, spanning heavy machinery to electronics, depend on lubrication for smooth operation and extended equipment life. Diverse industries, including automotive, textiles, machinery, and electronics, contributed about ~20% to Italy's GDP in 2020.

3. Italy's Lubricants Market Surges with Environmental Boost

Explore Insights Industrial Lubricants Market

Environmental consciousness has driven research into bio-based lubricants sourced from renewable materials, such as plant oils. These alternatives offer reduced carbon footprints and improved biodegradability compared to traditional petroleum-based lubricants.

Environmental concerns have spurred advancements in lubricant technology, resulting in formulations that perform well under eco-friendly parameters. These advancements enhance product efficacy while minimizing environmental harm.

lubricant companies have invested in formulating products with reduced toxicity and minimal impact on aquatic life. Biodegradable lubricants break down naturally, lessening their environmental footprint and supporting sustainability efforts.

In conclusion, Italy's lubricants market thrives at the intersection of automotive excellence, industrial vitality, and environmental consciousness. The automotive and industrial sectors drive demand, while innovation addresses environmental concerns. This dynamic landscape underscores Italy's commitment to performance, longevity, and sustainability in lubrication practices. 

EUROBIKE 2023: YADEA Impresses with Sustainability, USPs, and Trendsetting: Ken Research

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Yadea, a global leader in electric two-wheel mobility, leaves a strong mark at Eurobike 2023, the influential cycling industry event. Their presence showcases dedication to innovation in electric mobility.

Storyline

• Yadea, a leading e-mobility brand, shines at Eurobike 2023.
• Growing global demand for e-bikes drives Yadea's success.
• Innovative e-bike models impress at Eurobike, consolidating Yadea's position.
• As per Ken Research, Yadea to continue working on technological excellence, quality, and international expansion.

1. What’s it all about?

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Yadea, the prominent global brand in electric two-wheel mobility, continued to make a significant impact at Eurobike 2023. This renowned event, recognized as a trendsetter in the cycling industry, draws participants from various sectors such as buyers, manufacturers, retailers, and cycling enthusiasts worldwide. Eurobike serves as a platform for exploring global cycling trends, fostering interaction, and stimulating the advancement of the global cycling industry. Yadea's active involvement in this event signifies its commitment to driving innovation and growth in the electric mobility sector.

2. What more?

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Yadea has emerged as the global leader in electric two-wheelers, capitalizing on the surging demand in the green commuter market. The European e-bike market witnessed remarkable growth, surpassing 5.5 Mn units sold in 2022, representing an impressive year-on-year increase of approximately 20%. With its unwavering commitment to innovation, quality, and sustainability, Yadea has solidified its position as the top-selling brand in the electric two-wheeler industry.

3. & What’s the deal about Eurobike?

At this year's Eurobike, Yadea showcased the Yadea Trooper 01, Yadea Innovator and Yadea Camper e-bikes, all well received by dealers and the media, with especially positive reactions from the global e-mobility, technology, and new consumer sectors. With engaging interaction and fruitful discussions, Yadea further consolidated its position as the industry front runner.

The e-bikes on display were user-centric and covered multiple scenarios of daily commuting with their functional features. For riders who are curious about "4+2" (4-wheeler + 2-wheeler) travel mode, Yadea also provides an ideal solution. The Yadea Innovator Foldable Electric Bike adopts a single-arm front and rear design and has a folded volume of only 0.27 cubic meters.

4. What does the future hold?

As it propels forward in the realm of internationalization, Yadea envisions a future where cutting-edge electric two-wheelers redefine travel and entertainment. With a relentless pursuit of excellence, Yadea pioneers sustainable commuting solutions that transcend boundaries, shaping a futuristic world of immersive and eco-conscious mobility. “Together, we embark on a journey towards a vibrant, interconnected tomorrow, elevating lifestyles and embracing the limitless possibilities of tomorrow's travel.” As per our opinion at Ken Research, Yadea’s vision for a sustainable green travel in the future will grow up to become a reality but it has to be fuelled by continuous efforts & collaborations.”

What drives the promising outlook of Germany’s Hyperscale Data Center Market? : Ken Research

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Germany's hyper-scale data center (HSDC) market is experiencing a remarkable boom, driven by various factors that have created an urgent need for expanded data storage and processing capabilities.
This whitepaper, backed by intense primary and secondary research, examines the key drivers behind the German HSDC industry's growth, the challenges it faces, government initiatives impacting the industry’s ecosystem, and the current trends shaping its trajectory. The exponential growth of data, fueled by the rise of IoT, cloud computing, and big data analytics, has necessitated the establishment of hyper-scale data centers. Government initiatives promoting digital transformation, coupled with Germany's robust infrastructure and strategic geographical location, have further accelerated market expansion.
Exploring these dynamics and analyzing the evolving trends will provide valuable insights for investors into the future potential of Germany's hyper-scale data center industry.

1. The pandemic created a need for a technological disruption within the data center industry and the Hyper Scale Data Center (HSDC) market started to grow over 20% CAGR between 2017 and 2022.

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2. In this age of information, the HSDC industry is experiencing robust growth, with primary demand driven by Cloud-based services, followed by Telecom network solutions, and Artificial Intelligence (AI)

3. The industry is ready to grow further as there is a need to manage higher volume of bulk data, minimize costs for companies providing integrated IT solutions, and maintain energy efficiency

4. With rising cost of energy and the huge amount of electricity required to power vast hyper-scale networks, the cost of operating is posing a challenge, along with…

4.1 Rising land prices, high taxes, grid fees & complicated regulations

5.  Continuous efforts have been put in by the German government to improve the digital economy of the country, and it has supported Companies to undertake more technological advancements

5.1 But, the stringent government regulations specific to energy efficiency, renewable energy, and disclosure requirements are affecting the HSDC Industry in Germany 

6. On the bright side, new business models are likely to emerge including pay-per-use utility model, built to suit, etc. which makes Tier-1 German cities prospective for investments

Some of the Intelligence Curated by Ken Research in Data Cente Market Space:

• US Data Center Market Outlook to 2027 by service (System integration, monitoring services, professional services), by solution (power, server, management software, networking technology, cooling), by type(enterprise data centre ,managed services data centre, colocation data centres, cloud data centres) & by end user (healthcare, BFSI, IT, Telecom)
  Africa Data Center & Cloud Services Market Outlook to 2027 By service (System integration, monitoring services, professional services), by solution (power, server, management software, networking technology, cooling), by type(enterprise data centre ,managed services data centre, colocation data centres, cloud data centres) & by end user (healthcare, BFSI, IT, Telecom)
  Global Data Center and Cloud Services Market segmented by type of Data center (Co-Location, Hyperscale, Others), by type of cloud service (SaaS, IaaS, PaaS) and by Region
  Global WMS Market Outlook to 2028 Driven by the rising trend of e-commerce, expansion of warehouses coupled with technological advancements and favorable government policies
  Thailand Data Center and Cloud Services Market Outlook to 2027 Driven by rapid adoption to Digitalization, Strong Governments Initiatives and Huge Investments in the region

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Germany Hyperscale Data Center Market