Market Forecast News

Tuesday, 1 August 2017

Artificial Intelligence Market: Opening Airways and Opportunities

The global artificial intelligence market is expected to reach USD 35,870.0 million by 2025 from its direct revenue sources, growing at a CAGR of 57.2% from 2017 to 2025, whereas it is expected to garner around USD 58,975.4 million by 2025 from its enabled revenue arenas, according to a new report by Grand View Research, Inc.

Artificial Intelligence (AI) is considered to be the next stupendous technological development, alike past developments such as the revolution of industries, the computer era, and the emergence of smartphone technology. The North American region is expected to dominate the industry due to the availability of high government funding, the presence of leading players, and strong technical base. Advances in image and voice recognition are driving the growth of the artificial intelligence market as improved image recognition technology is critical to offer enhanced drones, self-driving cars, and robotics. The AI market can be categorized based on solutions, technologies, end use, and geography.

The two major factors enabling market growth are emerging AI technologies and growth in big data espousal. The growing prominence of artificial intelligence is enabling new players to venture into the market by offering niche application-specific solutions. Furthermore, companies are also engaging in industry consolidations in a bid to gain competitive advantages. For instance, in January 2017, Microsoft Corporation acquired Maluuba for advancing in the deep learning and Artificial Intelligence (AI) landscape. Existing solution providers are innovating their product portfolio to include both hardware and software solutions.

The Asia Pacific regional market is expected to be the fastest-growing market, owing to the rapid improvements in information storage capacity, high computing power, and parallel processing, which have contributed to the swift uptake of artificial intelligence technology in end-use industries such as automotive and healthcare.

AI has the potential to reduce the burden on clinicians and provide an efficient tool to workforces for accomplishing their tasks in a better way. For instance, AI voice-enabled symptom checkers can better access a situation and assist patients to the emergency department when immediate treatment is required. AI is expected to resolve around 20% of unmet healthcare demands.

To request a sample copy or view summary of this report:
http://www.grandviewresearch.com/industry-analysis/artificial-intelligence-ai-market

Further key findings from the report suggest:

Growth in the volume of data being generated from different end-use industries is expected to provide traction to the technology adoption
The increasing adoption of image and pattern recognition in the Asia-Pacific region is expected to provide new growth opportunities over the forecast period.
The North America region is one of the early adopters of advanced technologies and renders organizations to adopt artificial intelligence capabilities at a faster pace.
The increasing amount of digital data (in the form of speech, videos, and images, from different social media sources such as IoT and consumer analytics) is driving the need for data mining and analytics. AI is extensively used by several media and online services such as Google Assistant, dialogue and voice recognition of Siri, Microsoft Cortana, image classification in Facebook & Google Photo, and Amazon’s Alexa.
The key industry participants include Atomwise, Inc., Lifegraph, Sense.ly, Inc., Zebra Medical Vision, Inc., Baidu, Inc., H2O ai, IBM Watson Health, NVIDIA, Enlitic, Inc., Google, Inc., Intel Corporation, and Microsoft Corporation.

Access press release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-artificial-intelligence-ai-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Rising Prevalence of Infectious Diseases to Drive Vaccine Delivery Devices Market Growth

The global vaccine delivery devices market is expected to reach USD 6.21 billion by 2025, according to a new report by Grand View Research, Inc. The market is primarily driven by growing immunization programs, financial support from government & nongovernment organizations, increasing vaccination initiatives & campaigns, and rising prevalence of infectious diseases globally. Growing research in the field of vaccines and development of new products is also contributing to the growth of the market.

Adoption of needle-free approach for administering these products is gaining momentum due to growing awareness and demand to avoid pain & injuries associated with the use of a needle stick. Data by the Centers for Disease Control and Prevention states that an estimated 385,000 sharp injuries including needle stick injuries occur every year in hospitals in the U.S. Advancing technologies in administering vaccines and their increasing adoption is propelling market growth. Rising interest of various key players, national institutions, and organizations in novel delivery technologies is expected to further contribute to market growth.

Various governments and international organizations are increasingly investing in the development of vaccination programs. For instance, the UK government also announced funding up to £1 million from its Global Challenges Research Fund through Medical Research Council to investigate the Zika virus and its transmission. Organizations such as GAVI Alliance, Bill & Melinda Gates Foundation, Path, and WHO are actively involved in the field of vaccines. Many governments are also undertaking several immunization programs on priority.

To request a sample copy or view summary of this report:
http://www.grandviewresearch.com/industry-analysis/vaccine-delivery-devices-market

Further key findings from the report suggest:

The syringes segment held majority of the revenue share in 2016 due to increasing vaccination programs, spreading immunization coverage, and technological advancements
Jet injectors is expected to register highest growth during the forecast period owing to rising concerns regarding needle stick injuries and growing preference for needle-free technologies
Intramuscular vaccination dominated the route of administration segment in 2016 as majority of vaccines are given through this route owing to its advantages
North America dominated the global market owing to increasing awareness levels, high adoption of technology, and rising prevalence of infectious diseases
Some of the key players include Becton Dickinson & Company, Bioject Medical Technologies, Inc. (Inovio Pharmaceutical Inc.); Gerresheimer AG; PharmaJet; Corium International, Inc.; and SCHOTT AG

Access press release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-vaccine-delivery-devices-market

About Grand View Research

For More Information: www.grandviewresearch.com

Biopharmaceutical CMO & CRO Market Increasing Due To Their High Demand in Biotechnology Industry

The global biopharmaceutical CMO & CRO (contract manufacturing & research) market is expected to reach USD 37.8 billion by 2025, according to a new report by Grand View Research, Inc. Healthy outlook of biopharmaceuticals and consequent growth in biopharmaceutical pipelines has resulted into lack of adequate capacity and budget constraints. These factors have convinced many traditional drug developers to take advantage of cost-saving benefits associated with contract services. Traditional biopharmaceutical players are observed to choose outsourcing biopharmaceutical manufacturing rather than making an investment of expensive capital in production equipment and hiring skilled labor.

Significant improvement in the services offered by this CMOs/CROs in context to maturity of complex technology is spurring the adoption of these services. In addition, wide acceptance of single-use technology within CMOs/CROs has significantly transformed the CMOs/CROs landscape by enhancing their capabilities and enabling them to develop products at low operating costs.

Outsourcing services are observed to play critical role in overcoming trade barriers for firms. It enables them to make footprints in foreign market where government regulates to secure local employment through domestic production. Furthermore, as a result of growing demand for these services, smaller companies have also begun to expand their non-GMP facilities.

To request a sample copy or view summary of this report:
http://www.grandviewresearch.com/industry-analysis/biopharmaceutical-cmo-cro-market

Further key findings from the report suggest:

Mammalian cell line-based bioproduction system dominated the share in 2016 in terms of revenue generation
This can be attributed to the presence of substantial number of mammalian-based manufacturing platforms offered by market leaders such as Lonza, Samsung BioLogics, WuXi Biologics
CMOs are providing wide range of services for entire chain of biopharmaceutical manufacturing process, consequently held the largest share
Growing R&D investment in bioproduction is the high impact rendering factor for the growth of CROs
Robust biologics pipeline and high production cost of biologics have contributed to the largest share of biologics outsourcing
Monoclonal antibodies accounted for significant share in 2016 owing to the huge success rate of MAbs for disease treatment
North America is home to large number of biopharmaceutical manufacturing entities, which in turn, have resulted into large share of this region
Being a lower wage country, China and India are expected to be fastest growing regional market
Several global companies are translocating their business to Asia Pacific owing to low manufacturing costs in Asian countries
Boehringer Ingelheim GmbH, Lonza, Samsung BioLogics, Patheon, FUJIFILM Diosynth Biotechnologies U.S.A., Inc. are some of the major companies operating in this space

Access press release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-biopharmaceutical-cmo-cro-market

About Grand View Research

For More Information: www.grandviewresearch.com

Fertilizer Additives Market are Good Investment for Business in Upcoming Years

The global fertilizer additives market is projected to reach USD 3.94 billion by 2024, according to a new report by Grand View Research, Inc. Growing fertilizer industry and shrinking arable land are projected to drive the market over the forecast period.

Additives are added to fertilizers in order to inhibit the loss of key nutrients such as nitrogen phosphorus, potassium, and sulfur, among others. The additives, which are available in both, solid and liquid forms, are used during storage and transportation of fertilizers.

Anti-caking was the most popular function of additives in 2015. Caking of fertilizers is one of the major problems faced by farmers, retailers and manufacturers, particularly during rains. Change in storage temperatures also results in caking. Additives are used to overcome these challenges.

To request a sample copy or view summary of this report:
http://www.grandviewresearch.com/industry-analysis/fertilizer-additives-market

Further key findings from the report suggest:

Urea dominated the end product segment in 2015 with a share of 55.6%. it is widely used globally, since it contains the highest amount of nitrogen among all fertilizers. Factors such as shrinking arable land have increased the importance of products such as urea and ammonium nitrate, which help in cultivation in a short span of time, in limited available land.
Anti-caking dominated the function segment in 2015. This segment is projected to grow at the highest CAGR of 3.7 over the forecast period. Additives are used to avoid the formation of lumps in fertilizers, enabling safe storage and transportation.
Asia Pacific led the global market with a share of 58.8% in 2015. This region is home to some of the emerging countries such as China and India. The market in India, where, agriculture is the primary occupation, is projected to drive the market from 2016 to 2024.
The weather in this part of the world gets hot and humid during summer, which can lead to caking and loss of essential nutrients in fertilizers. Thus, additives are expected to play an important role in maintaining the quality of fertilizers in this region.
Clariant, KAO Corporation, Novochem Group, and ChemSol, LLC are some of the key manufacturers of additives. Other players include Filtra Catalysts & Chemicals Ltd., Solvay, Arrmaz, Chemipol, Forbon Technology, Michelman, Tolsa Group, and Amit Trading Ltd.
The companies adopted various development strategies such as new product developments, expansions, mergers & acquisitions, and agreements, partnerships, & joint ventures to establish themselves as market leaders and expand their global reach.

Access press release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-fertilizer-additives-market

About Grand View Research

For more Information: www.grandviewresearch.com

The global Fatty Acid Ester Market is expected to reach USD 2.44 billion by 2022, according to a new report by Grand View Research, Inc. Growing consumer awareness and regulatory policies regarding bio-based polymers and products are vital factors for industry development over the forecast period.

Global industry is expected to be driven by increasing fatty acid esters demand in personal care, cosmetics and food processing applications. Medium chain trigylcerides (MCT) have found headways in food applications where they are used in several weight loss programs owing to low calorific content and fat-burning properties.

Other FAEs such as emollient and polyols esters are gaining prominence in personal care applications that could impact product growth in cosmetics where natural, bio-based ingredients are substituting synthetic & toxic chemicals.

To request a sample copy or view summary of this report:
http://www.grandviewresearch.com/industry-analysis/fatty-acid-esters-market

Further key findings from the report suggest:

Global Fatty Acid Ester Market size was 1,141.5 kilo tons in 2014 and is expected to reach 1,563.4 kilo tons by 2022, growing at a CAGR of 4.6% from 2015 to 2022.
Glycerol monostearate (GMS) was the largest product segment and accounted for 39.3% of total market volume in 2014. High demand for GMS as an emulsifying agent, protective coating agent and food additive in diverse processing and industrial applications has been a major factor for its growth.
Medium chain triglycerides (MCT) were the fastest growing product with high demand arising from expanding end-use industries in emerging economies such as China & India. The segment is likely to grow at an estimated CAGR of 5.3% in terms of demand.
Personal care & cosmetics was the leading application segment and accounted for 34.5% of total market volume in 2014. Rising consumer disposable income and growing consumer demand for natural ingredients are expected to remain key factors driving this segment over the forecast period.
North America was the leading regional market with demand share exceeding 35% in 2014. High consumer disposable income and increasing adoption of MCT in weight loss programs particularly in the U.S. has impacted the regional market.
Key companies operating in the global Fatty Acid Ester Market include Cargill, DuPont, Estelle Chemicals, P&G Chemicals, Stéarinerie Dubois, The Seydel Companies Inc., Evonik Industries and others such as Faci Asia Pacific Pte. Ltd., Fine Organics and KLK Oleo.

Access press release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-fatty-acid-ester-market

About Grand View Research

For More Information: www.grandviewresearch.com