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Business Upturn
20-05-2025
- Business
- Business Upturn
INROADS Names Ron Houston as New President and CEO to Drive the Organization's Next Chapter of Growth and Impact
ATLANTA, GA, May 20, 2025 (GLOBE NEWSWIRE) — INROADS, the nation's leading nonprofit organization dedicated to developing the leadership of talented youth through career readiness training, mentorship, and real-world learning experiences, is pleased to announce the appointment of Ron Houston as its new president and chief executive officer. Houston succeeds Forest T. Harper, Jr., who recently announced his retirement after more than 14 years of leading INROADS. Houston's distinguished 30-year career spans the corporate, nonprofit, and public sectors. He launched his career at IBM Corporation in Los Angeles, CA, where he served in roles including Worldwide Client Executive for Open Platforms and Global Services Division Client Executive. From there, he transitioned to consulting with expertise in banking, finance, and strategic planning. His extensive client portfolio included Fortune 500 firms such as Wells Fargo, Boeing, and Southern California Edison. His passion for the educational sector was ignited after serving as the client executive for various school districts across the state of Texas. In his most recent role as president and CEO of HRG Consulting, LLC, Houston has advised nonprofit and for-profit organizations on business strategy, fundraising, and operational effectiveness. His nonprofit leadership experience is robust, including roles as executive director of Metroplex Economic Development Corporation (MEDC), the nonprofit organization of the Potter's House of Dallas and serving as a trusted advisor to numerous organizations focused on community advancement, education, and workforce development. A proven champion for expanding access to educational and economic opportunity, Houston serves as a governor-appointed trustee for the Alabama Community College System (ACCS) and the Alabama Workforce Board (AWB) where he has played a key role in shaping state-level education policy and workforce development. 'Ron brings to this role a powerful combination of professional excellence and personal connection to the INROADS mission,' said Reba T. Simmons, chair of the INROADS National Board of Directors. 'His commitment to expanding educational and economic opportunity, his proven ability to align corporate engagement with mission-driven outcomes, and his track record of innovation and community impact, make him the ideal leader to guide INROADS into its next era of growth and impact.' An active community member, Houston previously served as chair of the Alabama Possible Board, a nonprofit dedicated to education and FAFSA engagement. In addition, he serves on the University of Alabama Birmingham Arts Alliance Advisory Board, the TechBirmingham Board of Directors, and is an ordained deacon of Higher Ground Always Abounding Assemblies, Inc. Houston is an active member of Kappa Alpha Psi Fraternity, Inc. and 100 Black Men of Greater Birmingham. Houston holds a Bachelor of Science in Business Management from Pepperdine University, an MBA from The University of Kansas, and multiple certifications including Project Management (Villanova University) and International Business Development (Harvard University). He is currently completing his Doctorate in Educational Leadership, Policy, and Law at Alabama State University. 'I am truly honored and humbled to step into this role at INROADS,' said Houston. 'As we look to the future, I am committed to listening, learning, and leading in partnership with our staff, students, alumni, corporate partners, and supporters. Together, we will build on the rich history of INROADS and continue forging new pathways of opportunity for generations to come.' ### About INROADS Since its founding in 1970, INROADS has been at the forefront of building pathways to career opportunities for high-potential students, preparing them to advance and thrive in their careers. As one of the nation's leading nonprofits dedicated to leadership development, INROADS equips high school and college students with the skills, tools, and network needed for long-term success through robust career readiness programs, real-world learning experiences, and a life-long support system. INROADS has prepared more than 174,000 leaders with pre-employment skills and graduated more than 40,000 alumni into full-time professional positions with more than 1,000 corporate partners. Learn more at and connect with us on LinkedIn, Instagram, Facebook, X and YouTube: @INROADSInc. Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same.
Yahoo
15-05-2025
- Business
- Yahoo
Business Software and Services Market to Reach USD 1343.11 Billion by 2032 Driven by Accelerated Digital Transformation Globally
The rapid adoption of automation, cloud-based platforms, and AI-driven business optimization tools is driving market expansion. Pune, May 15, 2025 (GLOBE NEWSWIRE) -- Business Software and Services Market Size Analysis: 'According to the SNS Insider report, the Business Software and Services Market size was valued at USD 529.39 billion in 2023 and is estimated to reach USD 1343.11 billion by 2032, growing at a compound annual growth rate of 11.02% during the forecast period from 2024 to 2032.'Get a Sample Report of Business Software and Services Market@ Major Players Analysis Listed in this Report are: IBM Corporation – (IBM Cloud Pak, IBM Watson Analytics) Infor – (Infor CloudSuite, Infor M3) SAP SE – (SAP S/4HANA, SAP Business One) Microsoft – (Microsoft Dynamics 365, Microsoft Power BI) NetSuite Inc. – (NetSuite ERP, NetSuite CRM+) Epicor Software Corporation – (Epicor Kinetic, Epicor Prophet 21) Unit4 – (Unit4 ERP, Unit4 Financial Planning & Analysis) MicroStrategy Incorporated – (MicroStrategy HyperIntelligence, MicroStrategy Analytics) SYSPRO – (SYSPRO ERP, SYSPRO CRM) Deltek, Inc. – (Deltek Costpoint, Deltek Vantagepoint) Acumatica, Inc. – (Acumatica Cloud ERP, Acumatica Financial Management) Oracle – (Oracle Fusion Cloud ERP, Oracle NetSuite SuiteCommerce) Business Software and Services Market Report Scope: Report Attributes Details Market Size in 2023 US$ 529.39 Billion Market Size by 2032 US$ 1343.11 Billion CAGR CAGR of 11.02% From 2024 to 2032 Base Year 2023 Forecast Period 2024-2032 Historical Data 2020-2022 Key Regional Coverage North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe [Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]). Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) Key Growth Drivers Increasing Adoption of Cloud-Based and AI-Powered Solutions Enhances Business Software and Services Market Growth Do you have any specific queries or need any customization research on Business Software and Services Market, Make an Enquiry Now@ The U.S. business software and services market was valued at USD 106.32 billion in 2023 and is projected to reach USD 246.14 billion by 2032. Growth is driven by widespread cloud adoption, automation, and digital integration across industries. The market is expected to grow at a CAGR of 9.90% from 2024 to 2032. By Software: Finance Dominates, Sales & Marketing Sees Fastest Growth The finance segment dominated the market and accounted for 24.58% of revenue share in 2023, owing to its importance in budgeting, accounting, risk management, and compliance for the market. Financial software is critical for organizations that depend on it to simplify processes, meet compliance requirements, and allow for an available and real-time analysis of their finances. The sales & marketing segment is expected to register the fastest CAGR from 2024–2032. Growth is driven by the emergence of data-driven marketing, customer relationship management, and AI-enabled campaign analytics. Companies have access to intelligent sales platforms with features such as personalization, lead scoring, and omnichannel to drive revenue and customer loyalty. By Services: Support & Maintenance Leads, Managed Services Expand Rapidly The support & maintenance services segment dominated the market in 2023 and accounted for 41.59% of revenue share, as continuous monitoring, updates, troubleshooting, and system optimization are essential to maintain the software reliability and compliance for business. As it relates to mission-critical operational environments, support services have become an essential service to industries as software upgrades, bug fixes, and cybersecurity threats increase. The managed services segment is expected to record the fastest CAGR during the forecast period. As IT operations are moving towards outsourcing, enterprises are opting for managed service providers to take care of their resourceful deployments, managing of infrastructure, security, and cloud operations. It lowers expenses associated with organic approaches and helps internal teams double down on things they do best. By Deployment: Cloud Leads, On-Premise Grows Fastest In 2023, the cloud segment dominated the market and accounted for 57.89% of revenue share, driven by the scalability, flexibility, and cost efficiency of cloud-based software. For the last several years, enterprises have moved away from the traditional model in favor of SaaS and platform-as-a-service solutions, paving the path for synchronous operations, remote collaboration, and integrations across ecosystems. The on-premise segment is estimated to expand at the fastest CAGR during the period 2024–2032. While the cloud has taken off like a rocket ship, given data sovereignty, compliance and security requirements in government, defense and regulated industries, there is no choice but to choose on premise software. Growing hybrid deployment models are further aiding on-premise adoption as well. By Enterprise Size: Large Enterprises Dominate, SMEs See Rapid Growth The large enterprises segment dominated the market and accounted for 60.59% of revenue share, owing to their huge IT budgets, their global footprint, and the need for an integrated enterprise resource planning, customer management, and analytics platform. They rely on integrated software and services to remain competitive and to support complex workflows. Small and Medium Enterprises are also expected to register the fastest CAGR during the forecast period. Cloud-based software is becoming more affordable, enterprises are offering Software as a Service subscription, and government support towards digitalization programs enables SMEs to obtain sophisticated solutions to streamline operations, enhance customer service, and scale up their business. By End Use: IT & Telecom Dominates, Healthcare Expands Rapidly In 2023, the IT & Telecom segment led the market with high software dependencies, fast-changing technology, and demand for automation and agile development tools. Telecom companies widespread use software for an array of purposes — network management, billing, customer engagement — which makes them a highly significant segment of market growth. From 2024 to 2032, the healthcare segment is anticipated to achieve the fastest CAGR, owing to digital health initiatives, expansion of telemedical services, and rising adoption of electronic health records. As the data volumes are on the rise, the call for secure, compliant and interoperable healthcare software are upto the roof of hospitals, clinics and diagnostic labs. Business Software and Services Market Segmentation: By Software Finance Sales & Marketing Human Resource Supply Chain Others By Services Consulting Managed Services Support & Maintenance By Deployment Cloud On-premise By Enterprise Size Large Enterprises Small & Medium Enterprises By End Use Aerospace & Defense BFSI Government Healthcare IT & Telecom Manufacturing Retail Transportation Others Regional Insights: North America Leads, Asia-Pacific Grows Fastest In 2023, North America dominated the market and held the largest market share, as it is home to key software vendors and has advanced IT infrastructure with significant early adoption of emerging technologies. Software innovation still remains heavily invested in U.S.-based companies there is a clear sense of AI, cloud, and cybersecurity integration. Asia-Pacific is expected to register the fastest CAGR over the study period from 2024 to 2032. The software adoption is driven by various factors such as rapid digitalization across the country, the increase in internet penetration, and the initiatives taken by the government, such as "Digital India" in countries like India, China, Japan, and other Southeast Asian countries. Also, the ongoing number of startups and SMEs within the area is boosting the an Enterprise-User PDF of Business Software and Services Market Analysis & Outlook 2024-2032@ Table of Contents – Major Key Points 1. Introduction 2. Executive Summary 3. Research Methodology 4. Market Dynamics Impact Analysis 5. Statistical Insights and Trends Reporting 6. Competitive Landscape 7. Business Software and Services Market Segmentation, By Software 8. Business Software and Services Market Segmentation, By Services 9. Business Software and Services Market Segmentation, By Deployment 10. Business Software and Services Market Segmentation, By End Use 11. Business Software and Services Market Segmentation, By Enterprise Size 12. Regional Analysis 13. Company Profiles 14. Use Cases and Best Practices 15. Conclusion About Us: SNS Insider is one of the leading market research and consulting agencies that dominates the market research industry globally. Our company's aim is to give clients the knowledge they require in order to function in changing circumstances. In order to give you current, accurate market data, consumer insights, and opinions so that you can make decisions with confidence, we employ a variety of techniques, including surveys, video talks, and focus groups around the world. Related Reports: Customer Experience Business Process Outsourcing Market Business Management Consulting Service Market Business Rules Management System Market Self-Service Business Intelligence Tools Market CONTACT: Contact Us: Jagney Dave - Vice President of Client Engagement Phone: +1-315 636 4242 (US) | +44- 20 3290 5010 (UK)Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
11-04-2025
- Business
- Yahoo
The Rise of Graph Database Market: A $2,143.0 million Industry Dominated by IBM Corporation (US), Oracle (US), Graphwise (Australia)
Delray Beach, FL, April 11, 2025 (GLOBE NEWSWIRE) -- The Graph Database Market is estimated to grow USD 2,143.0 million by 2030 from USD 507.6 million in 2024, at a Compound Annual Growth Rate (CAGR) of 27.1 % during the forecast period , according to a new report by MarketsandMarkets™. Graph databases ensure enterprise knowledge management by rebuilding complex data with interconnected nodes and relationships and providing a more straightforward way to navigate and retrieve information. It helps businesses build a comprehensive knowledge graph uniting disparate data sources and enables complex semantic search, context-aware recommendations, and data discovery. Graph databases support better decision-making, foster innovation, and improve team cooperation by mapping relationships between organizational knowledge. They are handy for large organizations, which depend on accessing and utilizing vast amounts of structured and unstructured data to be productive and competitive. Browse in-depth TOC on "Graph Database Market" 386 - Tables 54 - Figures 368 - Pages Download Report Brochure @ Graph Database Market Dynamics: DRIVERS Rising demand for AI/generative AI solutions Rapid growth in data volume and complexity Growing demand for semantic search RESTRAINTS Data quality and integration challenges Navigation of saturated data management tool landscape Scalability issues OPPORTUNITIES Leveraging LLMs to reduce knowledge graph construction costs Data unification and rapid proliferation of knowledge graphs Increasing adoption in healthcare and life sciences to revolutionize data management and enhance patient outcomes List of Key Companies in Graph Database Market: IBM Corporation (US) Oracle (US) Neo4j (US) DataStax (US) Graphwise (Australia) AWS (US) RelationalAI (US) Progress Software (US) TigerGraph (US) … and more Request Sample Pages@ Based on model type, the property graph segment to hold the largest market size during the forecast period. A property graph model is a structure of a graph database that represents data as nodes, edges, and properties. Nodes represent entities, edges represent relationships between entities, and properties are key-value pairs that provide additional metadata for both nodes and edges. This model allows for a very flexible and detailed representation of data that can be used for complex queries and analytics. Property Graphs allow for traversal and pattern-matching operations, typically using a query language specific to that model, like Cypher. It is used extensively in applications where detailed insights into relationships are needed, such as fraud detection, recommendation engines, and social network analysis, because it can efficiently manage connected and dynamic datasets. The services segment will have the highest growth during the forecast period. Graph database services are divided into managed services and professional services, targeting different stages of implementation and operation. Managed services include end-to-end management of graph database solutions, including hosting, monitoring, performance optimization, and scalability on cloud platforms. Professional services include consulting services, which help organizations design a tailored graph database strategy; deployment and integration services, which implement the database within existing systems to ensure seamless compatibility; and support and maintenance services, which provide ongoing assistance, updates, and troubleshooting to ensure optimal performance. These services help businesses to effectively utilize graph databases, thereby reducing complexity and accelerating adoptions. Inquire Before Buying@ Asia Pacific is expected to hold the highest market growth rate during the forecast period. The graph database market of the Asia-Pacific region is rapidly evolving amidst digital transformation and higher demand for sophisticated data management solutions. In China businesses are embracing graph database technology to drive innovation and operational efficiency in various industries such as in e-commerce, telecommunications, and energy to handle complex, interconnected datasets. In Australia, Australian National Graph is working with Neo4j's technology to construct a national-scale graph database, aiming to improve research collaboration and sustainability initiatives through collaborations between agencies and universities. The continuous expansion of cloud platforms in the region also enables enterprises across sectors to deploy graph databases with ease to support scalability and real-time data analytics. Market Players The major vendors covered in the Graph Database market are IBM Corporation (US), Oracle (US), Microsoft Corporation (US), AWS (US), Neo4j (US), RelationalAI (US), Progress Software (US), TigerGraph (US), Stardog (US), Datastax (US), Franz Inc (US), Openlink Software (US), Dgraph Labs (US), Graphwise (US), Altair (US), Bitnine (South Korea) ArangoDB (US), Fluree (US), Blazegraph (US), Memgraph UK), Objectivity (US), GraphBase (Australia), Graph Story (US), Oxford Semantic Technologies (UK), and FalkorDB (Israel). These players have adopted various growth strategies, such as partnerships, agreements and collaborations, new product launches, enhancements, and acquisitions to expand their footprint in the Graph Database market. Get access to the latest updates on Graph Database Companies and Graph Database Industry CONTACT: About MarketsandMarkets™ MarketsandMarkets™ has been recognized as one of America's Best Management Consulting Firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe. Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem. The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore™, which integrates research and provides ecosystem-wide visibility into revenue shifts. In addition, MarketsandMarkets SalesIQ enables sales teams to identify high-priority accounts and uncover hidden opportunities, helping them build more pipeline and win more deals with precision. To find out more, visit or follow us on Twitter, LinkedIn and Facebook. Contact: Mr. Rohan Salgarkar MarketsandMarkets™ INC. 1615 South Congress Ave. Suite 103, Delray Beach, FL 33445, USA: +1-888-600-6441 Email: sales@ Visit Our Website:
Yahoo
04-03-2025
- Business
- Yahoo
Cognitive Enhancement Wearable Technology Patent Landscape Report, 2017-2023 & 2024-2032 with Patent Profiles of Abbott Laboratories, IBM, Nestec, University of California, and Koninkl Philips Electronics
Cognitive Enhancement Wearable Technology Patent Landscape Market Dublin, March 04, 2025 (GLOBE NEWSWIRE) -- The "Cognitive Enhancement Wearable Technology Patent Landscape Report" report has been added to cognitive enhancement wearable technology market was valued at USD 332.6 billion in 2023. It is expected to grow at a CAGR of 15.2% during the forecast period of 2024-2032 and attain a market value of USD 1.18 trillion by 2032. The growth is fueled by a dynamic patent landscape, marked by continuous innovations in EEG and neurostimulation technologies, advanced miniaturisation, and seamless digital integration, driving extensive patent filings and technological advancements in the field. Breakthroughs in EEG and neurostimulation technologies are driving a surge in patent filings. Innovations in brainwave detection and stimulation precision, spearheaded by companies like Abbott Lab, underscore the relentless pursuit of cognitive enhancement excellence. Industry leaders such as Abbott Lab, IBM Corporation, and Nestec SA dominate the patent landscape. With extensive portfolios, these companies are continually pushing the envelope, filing patents for advanced miniaturization, wearable comfort, and seamless digital integration. The United States leads with over 600 patents, bolstered by robust R&D and stringent patent laws. Europe, with 500 patents, focuses on user-centric designs and comfort, while Asia-Pacific rapidly advances with 450 patents, driven by burgeoning healthcare domain and significant tech investments. Cognitive Enhancement Wearable Technology: IntroductionCognitive enhancement wearable technology encompasses devices designed to improve cognitive functions such as memory, attention, and problem-solving. These wearables include EEG headsets, tDCS devices, and smart headbands, which are used in various applications from personal cognitive training to clinical treatments for neurological conditions. The integration of advanced sensors and stimulation techniques enables these devices to provide real-time cognitive feedback and enhancement, making them pivotal in both consumer and medical domain. Patents focus on innovative EEG and neurostimulation technologies, enhancing the accuracy and effectiveness of cognitive monitoring and stimulation. Devices incorporating these advancements, such as those by Abbott Lab, emphasize improved brainwave detection and stimulation precision, with over 300 patents filed for these technologies. Recent patents emphasize the miniaturisation of components to improve the wearability and user comfort of cognitive enhancement devices. Innovations in this area include lightweight and compact designs, exemplified by headbands and caps from companies like IBM Corporation, with more than 200 patents focused on enhancing portability and user experience. Patents for the seamless integration of wearable devices with digital platforms are crucial for real-time data analysis and personalised cognitive enhancement programs. Technologies enabling this integration, such as those developed by Nestec SA, highlight over 250 patents aimed at improving the connectivity and functionality of wearable cognitive enhancement devices. These drivers foster a dynamic patent landscape, spurring innovations in EEG and neurostimulation technologies, miniaturisation, and digital platform integration, enhancing the effectiveness and accessibility of cognitive enhancement by Technology The segmentation in the cognitive enhancement wearable technology industry by technology include EEG, tDCS, and others. EEG technology leads this segment, with over 400 patents filed historically and 150 currently active. Its ability to monitor and enhance brain activity with high precision drives this dominance. Future projections estimate over 200 additional patents, focusing on further advancements in EEG by Device Type The segmentation by device type in the cognitive enhancement wearable technology industry include audio headsets, headbands, headcaps, and others. Headbands lead this segment with over 300 patents filed historically and 120 currently active. Their convenience and widespread adoption in both consumer and clinical settings drive this focus. Future expectations suggest over 180 additional patents, reflecting continuous innovations in headband Enhancement Wearable Technology Patent Jurisdiction AnalysisThe global patent landscape for cognitive enhancement wearable technology is evolving, with notable activity in the US, Europe, and United States leads with over 600 patents filed historically and 250 currently in progress, driven by robust R&D infrastructure and strong patent protection laws, particularly in EEG and neurostimulation technologies. Europe holds a significant position with approximately 500 patents filed in the past and 180 active filings, focusing on miniaturization and wearable comfort. Asia-Pacific is rapidly advancing with 450 historical patents and 200 ongoing patents, fueled by expanding healthcare fieldand increasing investments in innovative cognitive enhancement Profile of Key CompaniesThe patent landscape for cognitive enhancement wearable technology is shaped by several key companies driving innovation and securing intellectual property. Here is an overview of their patent Lab leads the cognitive enhancement wearable technology patent landscape with over 300 patents filed historically and 120 currently in progress. Their focus on advanced EEG and neurostimulation technologies drives their patent activity. Future projections suggest over 150 additional patents, reflecting continuous advancements in cognitive enhancement CorporationIBM Corporation is a key player with 250 patents historically filed and 100 patents currently being pursued. Their commitment to developing miniaturized and user-friendly cognitive enhancement devices has propelled their growth. An estimated 130 more patents are expected, showcasing their ongoing innovations and domain SANestec SA holds a prominent position with 200 patents historically filed and 90 patents currently active. Their focus on integrating wearable cognitive enhancement devices with digital platforms has driven significant innovation. Future projections indicate over 120 additional patents, reflecting their continuous advancements in this key players in the landscape include the University of California and Koninkl Philips Electronics Questions Answered in the Global Cognitive Enhancement Wearable Technology Patent Landscape Report What are the latest technological innovations in cognitive enhancement wearable technology? Which companies are leading patent filings for cognitive enhancement wearables? How many patents have Abbott Lab, IBM Corporation, and Nestec SA filed historically and currently? What are the major trends in patent filings by technology, specifically for EEG and tDCS? How do patent activities differ across device types such as headbands and headcaps? What is the patent landscape for different jurisdictions like the US, Europe, and Asia-Pacific? Why does the United States lead in patent filings for cognitive enhancement wearable technology? What are Europe's contributions to the patent landscape for cognitive enhancement wearables? How is the Asia-Pacific region advancing in patent filings for these devices? What are the emerging opportunities from the patent portfolios of key companies? How do patent strategies impact competitive advantage? What are the implications of patent filings in cognitive enhancement wearable technology? What are the challenges and opportunities in the cognitive enhancement wearable technology patent landscape? What are the regulatory and legal considerations? Key Attributes: Report Attribute Details No. of Pages 200 Forecast Period 2024 - 2032 Estimated Market Value (USD) in 2024 $383.1 Billion Forecasted Market Value (USD) by 2032 $1188.3 Billion Compound Annual Growth Rate 15.2% Regions Covered Global Key Topics Covered: 1 Introduction2 Executive Summary3 Global Cognitive Enhancement Wearable Technology Market Overview3.1 Global Cognitive Enhancement Wearable Technology Market Historical Value (2017-2023)3.2 Global Cognitive Enhancement Wearable Technology Market Forecast Value (2024-2032)4 Global Cognitive Enhancement Wearable Technology Market Segmentation4.1 Global Cognitive Enhancement Wearable Technology Market (2017-2032) By Technology4.1.1 Market Overview4.1.2 Electroencephalogram (EEG)4.1.3 Transcranial Direct Current Stimulation (tDCS)4.1.4 Others4.2 Global Cognitive Enhancement Wearable Technology Market (2017-2032) by Device Type4.2.1 Market Overview4.2.2 Audio Headset4.2.3 Head bands4.2.4 Head Cap4.2.5 Others5 Global Market Dynamics5.1 Market Drivers and Constraints5.2 Porter's Five Forces Analysis5.3 PESTEL Analysis5.4 Industry Events, Initiatives, and Trends5.5 Value Chain Analysis6 Global Cognitive Enhancement Wearable Technology Patent Landscape Analysis6.1 Patent Distribution by Publication Year6.2 Patent Distribution by Application Year6.3 Patent Distribution by Priority Year6.4 Analysis by Type of Patent6.5 Analysis by Legal Status6.6 Analysis by Patent Jurisdiction6.7 Analysis by Patent Age6.8 Analysis by Cooperative Patent Classification (CPC) Codes6.9 Average Time to Publish a Patent6.10 Analysis by Type of Entity (Academic and Non-Academic)6.11 Analysis by Top Applicants6.12 Analysis by Top Inventors7 Global Cognitive Enhancement Wearable Technology Patent Analysis by Technology7.1 Total Patents by Top Technologies7.2 Time Evolution of Patents by Technology7.3 Emerging Technologies7.4 Patent Segmentation, By Technology7.5 Patent Segmentation, By Device Type8 Patent Valuation Analysis8.1 Assessment Methodology8.2 High Value Patents8.3 Medium Value Patents8.4 Low Value Patents9 Global Cognitive Enhancement Wearable Technology - Top 10 Players Patent Analysis9.1 Top 10 Entities by Number of Patents9.2 Analysis by Publication Year9.3 Analysis by Application Year9.4 Analysis by Priority Year9.5 Analysis by Type of Patent9.6 Analysis by Jurisdiction9.7 Analysis by Cooperative Patent Classification (CPC) Codes9.8 Analysis by Source of Innovation9.9 Analysis by Forward and Backward Citations9.10 Analysis by Legal Status9.11 Analysis by Patent Age9.12 Analysis by Key Inventors9.13 Entity Dynamics10 Patent Profile of Key Players10.1 Abbott Laboratories10.1.1 Product Portfolio10.1.2 Patent Portfolio by Patent Families10.1.3 Time Evolution of Patents10.1.4 Geographical Patent Coverage10.1.5 Patent Analysis by Technology10.1.6 Patent News and Developments10.1.7 Financial Analysis10.1.8 SWOT Analysis10.2 IBM Corporation10.3 Nestec SA10.4 University of California10.5 Koninkl Philips Electronics NV11 Future Trends12 Global Cognitive Enhancement Wearable Technology Landscape (Additional Insight)12.1 Global Cognitive Enhancement Wearable Technology: Developers Landscape12.1.1 Analysis by Year of Establishment12.1.2 Analysis by Company Size12.1.3 Analysis by Region12.2 Global Cognitive Enhancement Wearable Technology: Product Landscape12.2.1 Analysis by Technology12.2.2 Analysis by Device TypeFor more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Cognitive Enhancement Wearable Technology Patent Landscape Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Sign in to access your portfolio
Globe and Mail
18-02-2025
- Business
- Globe and Mail
AI in Supply Chain Market to Hit $85.3 Billion By 2032, Revolutionizing Supply Chains with AI
"AI in the supply chain drives efficiency, reduces costs, and enhances decision-making—transforming logistics with smart automation and real-time insights." The AI in Supply Chain Market enhances efficiency with automation, predictive analytics, and real-time decision-making for optimized logistics. According to a new report published by Market Research Future (MRFR), AI in supply chain market is projected to grow from USD 51.35 Billion in 2024 to USD 85.3 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 7.80% during the forecast period 2024 - 2032. The AI in supply chain market is witnessing significant growth as businesses increasingly adopt artificial intelligence to enhance efficiency, reduce costs, and improve decision-making processes. AI-driven supply chains integrate machine learning, predictive analytics, and automation to optimize logistics, inventory management, demand forecasting, and supplier collaboration. The increasing complexity of global supply networks, coupled with the need for real-time data analytics, has propelled the demand for AI-powered solutions. Companies are leveraging AI to mitigate risks, streamline operations, and enhance customer satisfaction by predicting potential disruptions and optimizing supply chain processes. The growth of e-commerce and the rising adoption of cloud-based AI solutions are also contributing to market expansion. As industries strive to remain competitive in an ever-evolving marketplace, the integration of AI into supply chain management is becoming a strategic necessity rather than a luxury. Get An Exclusive Sample of the Research Report at - Market Key Players: Several key players are driving innovation and expansion in the AI in supply chain market. Industry giants such as IBM Corporation, Microsoft Corporation, Google LLC, and Amazon Web Services (AWS) are at the forefront, providing AI-powered tools and platforms for supply chain optimization. Other notable players include SAP SE, Oracle Corporation, NVIDIA Corporation, Blue Yonder Group, and Zebra Technologies, which specialize in AI-driven logistics and supply chain analytics. Startups and emerging tech firms are also making their mark by offering specialized AI solutions tailored to specific supply chain challenges. These companies focus on automation, real-time tracking, and advanced data analytics to enhance supply chain visibility and efficiency. Strategic partnerships, acquisitions, and continuous R&D investments are key strategies being adopted by market players to strengthen their foothold in the AI in supply chain industry. Market Segmentation: The AI in supply chain market can be segmented based on component, technology, application, industry vertical, and region. In terms of components, the market is divided into hardware, software, and services. AI technologies such as machine learning, natural language processing (NLP), robotic process automation (RPA), and computer vision play a crucial role in transforming supply chain operations. The application segment covers demand forecasting, warehouse automation, fleet management, risk management, and supplier relationship management. Industry verticals leveraging AI in supply chain include retail, manufacturing, healthcare, transportation & logistics, and consumer goods. Geographically, the market is categorized into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa, each experiencing varying levels of AI adoption in supply chain management. Market Drivers: Several factors are fueling the growth of AI in the supply chain market. The rising demand for real-time analytics and predictive insights is a primary driver, enabling businesses to make data-driven decisions and respond swiftly to supply chain disruptions. The increasing complexity of global supply chains, combined with unpredictable demand patterns, has necessitated the adoption of AI-driven solutions. The expansion of e-commerce and omnichannel retailing has further emphasized the need for AI in inventory optimization and last-mile delivery. Moreover, advancements in AI and IoT technologies have facilitated seamless integration with existing supply chain management systems. Governments and enterprises are also investing in AI to enhance supply chain resilience, particularly in the wake of disruptions caused by global crises such as the COVID-19 pandemic. The growing emphasis on sustainability and reducing carbon footprints has encouraged companies to leverage AI for optimizing logistics and minimizing waste. Market Opportunities: The AI in supply chain market presents numerous growth opportunities for businesses and technology providers. The increasing adoption of AI-powered robotics and automation in warehouses and distribution centers is creating significant opportunities for market expansion. AI-driven chatbots and virtual assistants are being employed to enhance supplier communication and customer engagement. Additionally, the integration of blockchain with AI in supply chain management is emerging as a game-changer, ensuring transparency, security, and traceability. The adoption of AI in cold chain logistics, particularly for pharmaceutical and food industries, is another lucrative opportunity. Emerging economies in Asia-Pacific and Latin America are witnessing a surge in AI adoption in supply chain processes, offering immense potential for market players. Furthermore, the growing demand for AI-driven risk management solutions to mitigate supply chain vulnerabilities presents a promising avenue for innovation and investment. Buy this Premium Research Report at - Restraints and Challenges: Despite its rapid growth, the AI in supply chain market faces several challenges and constraints. One of the primary hurdles is the high implementation cost associated with AI-driven supply chain solutions. Small and medium-sized enterprises (SMEs) often struggle with the financial burden of integrating AI into their supply chain operations. Data privacy and security concerns also pose significant challenges, as AI systems rely on large volumes of sensitive information. The lack of skilled professionals capable of managing AI-powered supply chain solutions is another restraint hindering market growth. Additionally, the integration of AI with legacy systems can be complex and time-consuming, requiring substantial IT infrastructure upgrades. Resistance to change and reluctance to adopt new technologies within traditional supply chain models further impede the widespread adoption of AI in supply chain management. Regional Analysis: The adoption of AI in supply chain management varies across different regions. North America leads the market, driven by the presence of major technology companies and early adopters of AI-based solutions. The region's strong infrastructure, significant investments in AI research, and a highly developed logistics network contribute to its dominance. Europe is also witnessing substantial growth, with industries such as automotive, retail, and manufacturing heavily investing in AI to enhance supply chain efficiency. The Asia-Pacific region is experiencing rapid adoption, fueled by the increasing digitalization of supply chains in countries like China, Japan, and India. The rise of e-commerce giants, technological advancements, and government initiatives supporting AI adoption are driving market expansion in this region. Latin America and the Middle East & Africa are gradually embracing AI in supply chain management, with businesses recognizing its potential to improve logistics and operational efficiency. Recent Development: The AI in supply chain market has witnessed significant developments in recent years. Companies are increasingly launching AI-powered tools and platforms to enhance supply chain efficiency. For instance, major players like IBM and Microsoft have introduced AI-driven supply chain management solutions that offer real-time visibility, predictive analytics, and automated workflows. The adoption of AI in warehouse automation is gaining traction, with companies deploying autonomous robots and AI-powered inventory management systems. Strategic collaborations between AI providers and logistics companies are also shaping the market landscape. Additionally, advancements in edge computing and AI-driven IoT solutions are revolutionizing supply chain operations by enabling real-time monitoring and predictive maintenance. The increasing focus on AI ethics and responsible AI deployment in supply chains is another notable development, as businesses strive to ensure transparency and accountability in AI-driven decision-making processes. AI in supply chain market is poised for significant growth, driven by technological advancements, increasing demand for efficiency, and the expanding e-commerce sector. While challenges such as high implementation costs and data security concerns exist, the potential benefits of AI-powered supply chains far outweigh the obstacles. As businesses continue to embrace AI for supply chain optimization, the market is expected to witness further innovation and expansion, reshaping the future of supply chain management globally. Top Trending Reports: Online Food Delivery Market - Intelligent Transportation System Market - About Market Research Future: At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. 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