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Cognitive Systems Spending Market Size, Growth Analysis Report, Forecast to 2026

The global cognitive systems spending market is experiencing numerous technological advancements permitted with exceptional features for several industries, especially in the banking sector. Cognitive systems with high-definition technology can help in determining the world’s most composite data analysis difficulties by entering into the complexity of exploiting the power of big data, machine learning, natural language processing, and automated reasoning technology.

Some advances in technology would further benefit the diffusion of big data, thereby booming the growth of the global cognitive systems spending market in the forecast period. Another factor that is driving the growth of the global cognitive systems spending market is the challenge that most banks and financial institutions are facing in the present scenario.

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Key Takeaways of Cognitive Systems Spending Market Study

Among the verticals segment, banking segment expected to expand at a higher CAGR over the forecast period, owing to recognition and widespread acceptance of consumer-based intelligent assistant applications.

East Asia is expected to create lucrative growth opportunities for players in the cognitive systems spending market, owing to the increasing challenge that most banks and financial institutions in the countries of this region.

Increasing Adoption of Cognitive Systems Spending Market amid the COVID-19 Pandemic outbreak

Cognitive collaboration harnesses the benefits of machine learning and artificial intelligence to increase distributed and in-person collaboration experiences. A team of computer science research at Carnegie Mellon University has developed a tool using Artificial Intelligence (AI) that determines whether an individual is infected with coronavirus by analyzing the sound of their cough, the way they speak or even breathe.

The voice production mechanism is so complex and dependent on cognitive abilities, such factors drives the cognitive systems spending market.

More Valuable Insights on Cognitive Systems Spending Market

FMI’s report on the cognitive systems spending market is segmented into three major sections such as component (GPS & radar systems, multi-function navigation, fish finders/SONAR modules, thermal & visible cameras, marine VHF communication devices, audio/video equipment, marine autopilots, autonomous identification systems, analogue & digital communication display, satellite TV), and software), applications (merchant marine, fishing vessel, yachts/recreation, military naval autonomous shipping, smart boat, underwater drones), and region to help readers understand and lucrative evaluate opportunities in the Cognitive Systems Spending market.

Cognitive Systems Spending Market: Segmentation

Product Type:

Hardware

Software

Services

Deployment Type:

Public

On-Premise

Technology Type:

Natural Language Processing

Machine Learning

Automated Reasoning

By Verticals:

Banking

Education

Government

Healthcare

Insurance

Manufacturing

By Region:

North America

Latin America

Europe

East Asia

South Asia & Pacific

MEA

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Tablet Market Trends | Segmentation, Outlook, Industry Report to 2026

Increasing developments in the production of tablet devices, coupled with the steadfast penetration of hand-held electronics have been driving the growth of the global tablets market in the recent past. An exclusive forecast study by Future Market Insights reveals that the global demand for tablets will surge extensively in the upcoming years.

In this report that assesses the forecast on the global tablets market for the period 2016 to 2026, the sales of tablets across the globe are estimated to rake in over US$ 600 Billion by the end of 2026. The study projects that during this period, the global tablets market will expand vigorously at a CAGR of 9.1%.

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Key Trends in Global Tablets Market

Factors influencing the global tablets market expansion for the forecast period, have been analyzed in the report. From growth drivers, manufacturing restraints to industry trends and untapped opportunities, a range of causative factors have been studied in this report. Some of the key trends influencing the global tablets market’s growth include:

Increasing use of water-resistance technology in production of electronics

Rising technological compatibility to 4G LTE networks

Manufacturers focus on delivery highly-functional tablets

Consumers demanding human-centric functions and gesture recognition

Multi-core processing uptake with longer battery lives to influence manufacturing of tablets

Improvements in acoustic performance of table devices

Regional Insights: China to Remain in Spotlight

According to the regional analysis provided in the report, the global market for tablets will witness a concentered expansion in the Asia-Pacific region. APAC countries such as China and India will be observed as the manufacturing hubs for tablets in the global market.

China, in particular is expected to account for the largest share in the APAC tablets market. In 2016, it has been estimated that over one-fourth share of global tablets market value has been procured from the APAC region alone.

While the demand for tablets will be relatively high in US and other parts of North America, the APAC region is most likely to be at the forefront of global tablets market expansion. The demand for tablets in Europe is also anticipated to witness steady growth through 2026.

Vendor Prospects and Analysis

The report has segmented the global tablets market on the basis of type of product, operating system, end-use and screen size. In terms of product-type, the demand for slate tablets will witness a decline, while sales of detachable tablets will register a volume CAGR of 10.8%. While Android will be the predominant operating system used in production of tablets, rising sales of Apple gadgets will propel the revenue share of iOS as well.

The report also reveals that over 227 million units of tablets with less than 8-inch screen size were sold across the globe in 2016. Consumer end-use of tablets will remain relatively high as commercial applications will struggle to gain traction due to technological limitations.

Some of the leading players in the global tablets market have been profiled in the report. Apple Inc., Samsung Electronics Co. Ltd., Lenovo Group Limited, Huawei Technologies Co. Ltd., Acer Inc., Micromax, Xiaomi, and Asustek are globally recognized as leaders in tablets manufacturing.

Their presence in the global expansion of the tablets market is expected to remain consistently active. Several manufacturers of tablet devices are expected to invest in R&D on developing tablets with new and improved functions.

Key Segment

By Product Type

Detachable Tablet

Slate Tablet

By End-Use

 Consumer

Commercial

By Operating System

Android

iOS

Windows

By Region

North America

Latin America

Western Europe

 Eastern Europe

Asia Pacific Excl. Japan (APEJ)

Japan

Middle East and Africa (MEA)

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Event Management Software Market 2022 | Present Scenario and Growth Prospects 2032

As per the report published by FMI, the global event management software market is projected to have a rapid-paced CAGR of 14.1% during the forecast period. The current valuation of the market is US$ 7.75 billion in 2022. The market value of the cream cheese market is anticipated to reach a high of US$ 28.98 billion by the year 2032.

The event management software market is gaining rapid traction due to the growing need for event management solutions over the past few years due to the substantial increase in the number of gaming, entertainment, and sports events. Streamlining management is the key focus of the firms in this market.

According to the findings published by Billboard in June 2018, around 800 music fests are hosted in the U.S. alone, and these events attract over 32 million attendees. The need for efficient management of all such events has been driving the adoption of event management software across the region.

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FMI has analyzed that the majority of organizations are using events as a key strategy for launching new products or celebrating various events related to internal achievements and annual award ceremonies to name a few. Furthermore, corporate events are also a preferred mode for promoting a company or brand, or a product or service.

Organizations generally spend one-third of the company’s budget on events as these events could lead to an increase in sales and produce leads for future revenue generation or business. Hence, the event management software market is gaining traction during the forecast period.

Key Takeaways from Personal Fitness Trainer Market

The United States holds the highest share of the event management software market. In 2022, North America is anticipated to capture 45.0% of the global event management software market.

The Asia Pacific is likely to increase rapidly over the forecast period. Rising urbanization and the presence of established players boost regional demand for event management software.

From 2022 to 2032, the on-premise deployment category is expected to dominate the event management software market.

The Entertainment and Corporate Event Planner Segment recorded a high of 34.0% in the base year and is likely to account for the highest shares during the forecast period.

Small and Medium Sized Enterprises are expected to dominate the market based on organization size.

“Enterprises are having an increase in the budget for organization of elaborate events, which is producing more leads for revenue generation and creating lucrative opportunities for manufacturers in the event management software market.” – FMI Analyst

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Competition Landscape in the Event Management Software Market 

Leading industry companies are expected to concentrate on expanding their operations in Germany due to the increased adoption of event management software in this region.  Significant market players are anticipated to invest in R&D initiatives for improvising the software and providing cost-effective solutions to end-users and maintaining their competitiveness during the forecast period.

Cvent Inc., InEvent, Inc. Ungerboeck, Eventzilla are some key players in the combat boot market.

Recent Developments in the Event Management Software Market:

In February 2020, Certain, Inc., a provider of event automation software, partnered with EventOPS, a provider of strategic meeting management software.

In November 2020, Eventbrite announced the acquisition of ToneDen, a self-service social marketing platform. The acquisition was aimed at enabling creators to attract more audiences.

Key Segments in the Event Management Software Market

By Deployment:

Cloud

On-premise

By Enterprise Size:

Small & Medium Enterprises (SMEs)

Large Enterprises

By End User:

Event Management Companies

Travel & Hospitality Companies

Corporates

Government

Academic Institution

Others