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Research report on Smart Machines Market 2016-2024

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The smart machines market in Asia-Pacific held the largest market share in 2015. Revenue contribution of APEJ smart machines market in global smart machines market is expected to increase at a CAGR of 19.7% from 2016 to 2024.
Global Market Study on Smart Machines: Owing
to increasing Need for Improved Data Accessibility
by Manufacturing Industries to Drive Market
growth by 2024
R e s e a r c h
About Us
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a
unique collaboration of data analytics and market research methodology to help businesses
achieve optimal performance.
To support companies in overcoming complex business challenges, we follow a multi-disciplinary
approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying
real-time data collection, big data, and customer experience analytics, we deliver business
intelligence for organizations of all sizes.
M a r k e t
Our offerings include pre-built reports that address every major sale, customized solutions to
cater to client-specific needs, and consulting services to offer more value addition. Our nextgeneration research approach for exploring emerging technologies has allowed us to solve the
most complex problems of clients. We do not follow a reactive approach, but a pro-active one.
Expert analysts at PMR keep a tab on next-generation technologies in their R&D phase and
provide the latest insights into these technologies when they are being commercialized. Our
ground-breaking approach allows us to deliver market solutions before the technologies reach
the market.
Our client success stories feature a range of clients from Fortune 500 companies to fast-growing
P e r s i s t e n c e
startups. PMR’s collaborative environment is committed to building industry-specific solutions by
transforming data from multiple streams into a strategic asset.
Infectious Diseases Diagnostics Market 2016-2024
R e s e a r c h
Report Media Releases
Global Smart Machines Market Value to Increase from US$
55.3 Bn in 2015 to US$ 258.5 Bn by 2024, Asia Pacific to
Remain the Largest Market with Nearly 40% Revenue
Share
Persistence Market Research (PMR) delivers key insights on the global smart machines
market in its upcoming report titled, “Smart Machines Market: Global Industry Analysis and
Forecast, 2016-2024”. In terms of value, the global smart machines market is projected to
register a healthy CAGR of 18.8% during the forecast period. This is attributed to various factors,
P e r s i s t e n c e
M a r k e t
regarding which PMR offers vital insights in detail.
On the basis of a component, the global smart machines market has been segmented into
hardware, software, and service. Demand for smart machines is enhanced by increasing need to
process and analyze big unstructured data among different sectors such as manufacturing,
healthcare, aerospace, and defense. On the basis of machine type, the global smart machines
market has been segmented into robots, autonomous cars, drones, wearable electronics and
others.
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http://www.persistencemarketresearch.com/samples/8872
On the basis of technology, the global smart machines market has been segmented into cloud
computing, big data, internet of everything (IoE), robotics, cognitive technology and effective
technology. Affective technology segment is expected to expand with a substantial CAGR over
the forecast period. Various enterprises working on cognitive computing are facing glitches and
errors in technology. This, in turn, is encouraging adoption of affective computing. Cognitive
computing technology enables emotions linking to a robot, assisting the robot in making rational
decisions and performing more complex tasks.
Smart machines are deployed to enhance networked resources and implement distributed
intelligence in manufacturing industries. Integration of devices provides more accessibility. Smart
machines can be easily connected to a broader network of connected devices, enabling users to
share data on numerous devices. This ensures users to connect/access their devices from
anywhere and anytime. This is expected to fuel demand for smart machines in various
industries. The market in Australia is expected to witness substantial growth in adoption rates of
Infectious Diseases Diagnostics Market 2016-2024
R e s e a r c h
smart machines over the next five years. Autonomous robots are expected to find applications in
agriculture and commercial sectors to overcome the lack of labor in the country. Australia-based
companies have also been investing significantly in advanced technologies such as IoT.
Smart machines are programmed to make intelligent decisions in a time efficient manner. They
are built to learn from their interactions and their precision increases over time. Hence, new
developments in operational intelligence are encouraging companies to adopt systems that are
smarter and efficient. Narrative Science Inc., a company that offers analytical solutions uses its
virtual assistant Quill, which is programed using natural language processing to provide relevant
solutions.
M a r k e t
This report covers trends driving each segment and offers analysis and insights of the potential
of the smart machines market in specific regions. The markets in Europe, North America, and
Asia Pacific are expected to register high growth rates between 2016 and 2024. MEA is a small
but significant market for smart machines as governments in the Middle East countries are
investing in this sector to digitize government services. The market in Europe is expected to gain
substantial market share in terms of revenue. This is attributed to increasing demand for smart
machines from the automobile and manufacturing industries in countries such as Germany and
France. The APAC accounted for the highest market share in 2015 and is expected to gain 232
BPS by an end of 2024.
Key players in the global smart machines market include Apple Inc., Google Inc., Microsoft
P e r s i s t e n c e
Corporation, BAE Systems, Creative Virtual Ltd., Digital Reasoning Systems, Inc., IBM
Corporation, Narrative Science Inc., Rethink Robotics, ABB Limited, Rockwell Automation, Inc.,
and General Electric Co. others.
For more detailed information (desk of content material), Figures and Tables of the report
@ http://www.persistencemarketresearch.com/market-research/smart-machines-market/toc
Infectious Diseases Diagnostics Market 2016-2024
R e s e a r c h
About Us:
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a
unique collaboration of data analytics and market research methodology to help businesses
achieve optimal performance.
To support companies in overcoming complex business challenges, we follow a multi-disciplinary
approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying
real-time data collection, big data, and customer experience analytics, we deliver business
intelligence for organizations of all sizes.
Our offerings include pre-built reports that address every major sale, customized solutions to
M a r k e t
cater to client-specific needs, and consulting services to offer more value addition. Our nextgeneration research approach for exploring emerging technologies has allowed us to solve the
most complex problems of clients. We do not follow a reactive approach, but a pro-active one.
Expert analysts at PMR keep a tab on next-generation technologies in their R&D phase and
provide the latest insights into these technologies when they are being commercialized. Our
ground-breaking approach allows us to deliver market solutions before the technologies reach
the market.
Our client success stories feature a range of clients from Fortune 500 companies to fast-growing
startups. PMR’s collaborative environment is committed to building industry-specific solutions by
P e r s i s t e n c e
transforming data from multiple streams into a strategic asset.
For information regarding permissions, contact:
Persistence Market Research
90 Sate Street, Suite 700 Albany, NY 12207
Tel: +1-518-618-1030
Email: [email protected]
Website: http://www.persistencemarketresearch.com/
[email protected]
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