Europe’s General Data Protection Regulation (GDPR), California’s similar law, Facebook’s ongoing costs and stock price plunge in the aftermath of the Cambridge Analytica scandal — all point to a new, stricter attitude about keeping online data private.
Health IT needs require a sweeping and complex solution that may only be found in blockchain. Healthcare CTO Roger Smith offers his take on the promise of blockchain.
If the Trump administration’s second round of 25 percent tariffs on Chinese imports takes effect, buyers may take a hit in the wallet if they want to keep taking hits on their Juuls. Neither side is showing any signs of yielding in the larger trade war.
So the study predicts that the impact of smart farming on the agricultural economy is destined to become increasingly strong, going quickly even to small businesses, not only in the most advanced economies but also in emerging markets.
The use of blockchain in healthcare is set to accelerate as providers seek to deliver efficient healthcare services, turning towards technological advances, harnessing data analytics and advanced IT solutions in the process.
The next round of duties proposed by US President Donald Trump -- 25% on $16 billion worth of Chinese imports that could go into effect in a month -- includes vaping devices. Most e-cigarettes are made in China.
While Eviation intends to market the remote-piloted Orca, it is also using the drone as a one-third-scale demonstrator for the Alice—the nine-passenger crewed electric commuter airplane the Tel Aviv-based firm says will fly next year
Much like the first quarter of the year, Q2 2018 posed some challenges in the blockchain and cryptocurrency spaces. That being said, the growth the overarching industry has seen is second-to-none and is indicative that it is here to stay for the long run.
If predictions from recent analyst reports are correct, CubeSat builders are about to enter a five-year period of intense growth as the commercial space industry transitions to small-satellite-centric business models in order to meet demand for new applications and increased access to space.
Job postings for the robotics sector in India grew by 191 per cent between May 2015 and May 2018 while the number job seekers in the segment went up by 186 per cent during the same period, says a study by job site Indeed on Thursday. he rising interest among job seekers for jobs in robotics as seen in the past year by far outstrips the growth witnessed by the sector in the previous years, the study said.
Machine learning and analytics provider Cloudera is teaming up with health care analytics company MetiStream to launch a new health-focused, machine learning-powered medical records solution for hospital systems and outpatient clinics.
Defence missions, faster travel, runway-less platforms and rising demand for UAVs in the agricultural sector are seen as some of the biggest drivers for the fixed-wing VTOL market.
On Wednesday (June 27), the company announced it has released a blockchain technology fused with its EHR platform in order to safely store patient medical records history as well as provide patients with complete control over who has access to their data.
The global fixed-wing VTOL is bracing for a boom that will see its market value grow six-fold over the next ten years, according to a new industry report. The global fixed-wing VTOL manned aircraft market is estimated to grow at a compound annual growth rate of 19.5% during the forecast period 2018-2028.
With the use of health wearables, a biometric scanner and radio frequency identification (RFID) technology, health information will be able to be seamlessly shared with medical professionals, providing up-to-date, accurate information, particularly for those with long-term health conditions or those who take more than one prescription.
Despite the lingering concerns about privacy and consequent judicial scrutiny over the almost daily breach of Aadhaar data, biometric authentication technology will soon replace the ancient password-based security system.
The global surgical robotics market is expected to reach $12.6 billion by 2025, according to a BIS Research report. Here are seven companies to consider when looking to invest in robotics…
Demand for copper is expected to grow with demand for electric vehicles. The metal is a highly ranked conductor of electricity, used in energy generators, motors, renewable energy systems as well as in Lithium-Ion batteries that are used in EVs.
While surgeons are still present, robotic surgical procedures help the surgeon to control small instruments attached to a robot and guide minimally invasive surgeries. Robotics can also make smaller incisions than the surgeons and offer videos and lights for on-screen help.
At the Big Data Toronto conference, held at the Metro Toronto Convention Center from June 12 to 13, even panel discussions about blockchain were present, further exemplifying the impact this new technology is having in the industry itself and in others, like health care.
The European Commission last month outlined a plan to help European Union countries catch up to the US and Asia when it comes to artificial intelligence innovation and investment.
The EV idea was sowed in 2015 with the launch Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles (FAME) under the National Electric Mobility Mission (NEMM). If India switches to an entirely electric fleet, it can help reduce 1 gigatonne of carbon dioxide emissions by 2030, and save India $330 billion by cutting oil imports.
Unmanned aerial vehicles can provide services in numerous civil applications, such as agriculture, weather monitoring, crime prevention among others. However, there is a dark side to them. Sans accountability, drones can be used to spy on targeted individuals, transport banned substances and pose a threat to life and property.
The European Union is set to invest $24bn into artificial intelligence (AI) by 2020, seeking to catch up with Asia and the United States, which each currently invest more than three times that of Europe.
UNIVERSAL Robots (UR), a collaborative robotics company, is strengthening its partner network in Malaysia. The four new partners, industrial technology integrators, will provide SMEs and enterprises with robot automation solutions.
Intermountain Precision Genomics Core Laboratory announced today it is expanding RxMatch. The pharmacogenomics service – the study of how genes affect a patient’s response to medication – will be made available to all Intermountain Healthcare providers.
Clover Health has launched an in-home primary care program using YouScript's drug-gene testing to reduce the adverse effects of medications among its Medicare Advantage members.
There are several living examples of hospitals that are already running a blockchain-based healthcare system and reaping a wide range of benefits. The EHR systems face problems in the interoperability, security, and accessibility areas. To providers’ relief, this ground-breaking technology provides a reasonable solution.
The use of the technology itself, however, is being explored across a wide range of global supply chains — including the healthcare industry. Blockchain is defined as a digital ledger in which transactions made are recorded chronologically and publicly.
The government announced customs duty on electric vehicles import will be decreased to 25 percent from the existing 50 percent in addition to exemption from regulatory duty of 15 percent. Withdrawal of 16 percent customs duty on charging stations for electric vehicles was also announced by finance minister.
Japan's Fanuc and Yaskawa Electric, two of the world's largest robot manufacturers, didn't see the shift coming. Now they are trying to catch up. "We didn't expect large manufacturers would want to use such robots, because those robots can lift only a light weight and have limited capabilities," Kazuo Hariki, an executive director at Fanuc, told AFP.
Blockchain technology is being touted as the panacea for all of healthcare's information system interoperability and security-related challenges. Blockchain can play a critical role in overcoming the shortcomings and challenges associated with legal systems.
Blockchain technology will have a major impact on the global economy, the big tech market researchers agree on. Many investors are rightly interested in the topic. But developing a profitable strategy around Blockchain stocks is not easy.
A two-armed robot in a Japanese factory carefully stacks rice balls in a box, which a worker carries off for shipment to convenience stores. At another food-packaging plant, a robot shakes pepper and powdered cheese over pasta that a person has just arranged in a container.
A lot has been written about how blockchain’s distributed ledger could change financial transactions and digital advertising. But the technology could also make a significant impact in the healthcare industry.
Current artificial intelligence, and, by extension, how robots interact with humans, is based on unsuitable algorithms, claim some researchers. Collaborating with humans puts robots in dynamic and unknown situations that they not programmed for.
Companies like Fitbit, Apple, and AliveCor have become leaders in the wearable space, creating products that can do everything from count steps and monitor heart rates to perform electrocardiograms.
Whatever the figure, there’s no doubt that the NGS market is expanding, driven by advancements in platform technology, increasing applications of sequencing, growth in partnerships and collaborations, increasing adoption of NGS among research laboratories and academic institutes, and the decline in the cost of sequencing.
In India, the automobile industry is one of the key sectors driving economic growth. More than 25 Mn vehicles including passenger vehicles, commercial vehicles, three wheelers and two-wheelers were produced in FY17, reporting a jump of 5.41% from the previous fiscal.
With the advent of automation, there’s been a boom of new jobs across various industries creating a paradigm shift in the standard of living of inhabitants and the society, in general. Today, the modern product design and manufacturing processes increasingly depend on robots in the workforce.
Precision medicine is becoming one of the most modernized trends in the healthcare industry showing an incredible growth in the recent years. The market growth is gaining speed as large number of government initiatives and research & development programs have been launched in the recent years.
Aerial drones, holographic lenses, robots and devices that dramatically alter the view of the universe are no longer the tools of tomorrow. They are in use today, and their applications are rapidly emerging across a wide array of industry operations. Tech-savvy businesses and digital flexibility are no longer limited to Silicon Valley.
The idea of BIS Research came as an opportunity to develop a pattern, proxy, and a scientific methodology to evaluate the technologies that are being worked upon in the lab or are in the early phase of commercialisation, and have great potential to disrupt the emerging technological space.
A few years ago, it seemed as if new flavors, from fruity to dessert to tropical, were being introduced every week. Nowadays, the preferred vaping product is the more diminutive pod mod.
India is one of the fastest-growing markets for unmanned aerial vehicles (UAVs), and one of the top UAV importers for military purposes worldwide, says a report. According to global market intelligence and advisory firm BIS Research, by 2021, the Indian UAV market will reach USD 885.7 million, while the global market size will touch USD 21.47 billion.
"For India, we project consistent growth in both military and commercial applications, great market potential, and growing adoption. The market for commercial end-users in India will supersede the military market in the country by 2021, and the cumulative market in India will hit USD 885.7 million by 2021," said Rahul Papney, Lead Analyst, BIS Research.
Wright Medical Group N.V. (WMGI) recently highlighted its latest innovations at the American College of Foot and Ankle Surgeons (ACFAS) 2018 Scientific Conference in Nashville, Tennessee. The featured products include the INVISION Total Ankle Revision System and ORTHOLOC 3Di Ankle Fracture Low Profile System.
Last week, the Food and Drug Administration announced it will push ahead with a plan to reduce nicotine in cigarettes. This week, the FDA said it also wants to take a closer look at menthol and other flavors that entice young people to try smoking.
The value of the drone camera market has been predicted to see a four-fold increase as a result of increasing industry demand, a new industry report has claimed. According to a new market intelligence report by BIS Research, the global drone camera market was $5.45 (£3.85) billion in 2016 and is expected to reach $19.25 (£13.6) billion by 2021.
The demand for electric cars is increasing rapidly, with global stock numbers reaching two million in 2016. The expected growth in the market for EV batteries is attributed to the increasing collaborations between the key component manufacturers and rising number of OEMs.
Irrigation projects are central to the Narendra Modi government’s avowed objective to double farmers’ income by 2022. Around 55% of the cultivable farm land in the country are still not irrigated. Drip irrigation started in India during 1970s. Studies have shown that drip irrigation cuts down the overall water use by 40-70% and raises crop yield by up to 200% for many crops.
The City of Atlanta and Mobility Insight ("Mobi") have announced Atlanta as the first US city to implement Mobi 's machine learning cloud analytics system and its IoT sensor network for mobility management. Mobi is providing the city of Atlanta with real time traffic analytics, network performance indexes, and event scorecards as part of its Intelligent Mobility Management System.
The UTM system is a technology used to operate and manage drones flying below 500 feet. To date, the market is still in its early stages, with majority of the trends being in the development and testing stages of the technology. BIS Research forecasts a working architecture for UTM systems to be ready by 2019-2020. However, full adoption is likely to be witnessed before 2025.
" At some point in every person's life, you will need an assisted medical device … as you age and you have a hip replacement or a knee replacement or a pacemaker." In the current context, nothing appears to be more apt than this remark made by Aimee Mullins (an American athlete).
“At some point in every person's life, you will need an assisted medical device … as you age and you have a hip replacement or a knee replacement or a pacemaker.” In the current context, nothing appears to be more apt than this remark made by Aimee Mullins (an American athlete). Considering the growing prominence of the orthopedics industry, it seems that the ''prosthetic generation is indeed all around us!''
Fasal, an Artificial Intelligence (AI) powered IoT platform, removes the guesswork and manual methods of most farmers today who are working in isolation to make critical crop related decisions by providing them with data and analytics to grow better.
The rising interest in Blockchain technology by various participants within the insurance industry is mainly being driven by the increasing need to recognise the inefficiencies in the current technology and processes together with the increasing mistrust of policyholders.
Rapid advancement and innovation of new healthcare technologies such as next generation sequencing, High Throughput Screening (HTS), and Digital Polymerase Chain Reaction (PCR) are developing a strong base for the growth of Pharmacogenomics (PGx) market. The completion of first human genome project in 1990s has created a platform for the development of further enhanced Pharmacogenomics solutions.
The future of engineering lies in our youth. If we want that future to be a successful one, these engineers of tomorrow need to learn how to navigate new technology fields. One such tech wave is the evolution of robotics. As the labor force continues to give the manufacturing industry headaches, robots will become the number one automated labor source.
The company is the global leader in cobots with a global market share of 58 percent (BIS Research) and has sold more cobots than all its competitors combined. The company has been widening its distribution channels in multiple markets; currently it has over 400 distributors in more than 55 countries worldwide. Globally, UR generated USD170 million in revenue in 2017, a 72 per cent increase from 2016.
Just when you thought it was safe to breathe, a market report by BIS Research, titled "Global E-cigarette and T-vapor Market - Analysis and Forecast, 2017-2025", indicates that the e-cigarette and t-vapor market was estimated at $11.43 billion in 2016 and is expected to grow over $86.43 billion by 2025, growing at a CAGR of 23.25% from 2017 to 2025.
The ubiquitous robots have come to the operation theatre too. They have become important in making surgeries minimally invasive, keeping hospitalisation of the patient at the minimum and making post-operative care much easier. Many doctors opine that surgical robots are inevitable for better medical care in certain cases and lowering the risks associated with many types of surgery.
Even as governments push to replace polluting internal combustion engines with cleaner EVs, the major impediment to their adoption is ‘range anxiety’—the fear that an electric vehicle will run out of power before it reaches its destination or a charging point.
Switching to an entirely electric fleet can help reduce 1 gigatonne of carbon dioxide emissions by 2030, and save India $330 billion by cutting oil imports.
The rate of medication errors and the harms they cause, both in terms of increasing healthcare costs and preventable fatalities, are expected to drive this growth. The adoption of CDSS systems is, for the 2018-2025 period, projected to be limited to Tier I cities, and hospitals like AIIMS, Apollo Hospitals, and Max Health.
According to a report by BIS Research, titled Global Anti-Money Laundering Software Market - Analysis and Forecast, 2017-2023, the global Anti-Money Laundering (AML) software market was estimated to be $690.1 million in 2016 and is expected to grow over $1.42 billion by 2023. The growth in the AML software market is driven primarily by the strong advocacy and adoption of digital payments and account management.
The National Health and Family Planning Commission said 2016's rule change, meant to arrest China's dwindling birth rate, has freed up 90 million more women to have a second child. Of these, more than half are over the age of 40.
The global surgical robotics market is anticipated to grow at a CAGR of 12 % during the forecast period 2017-2025, and expected to grow over $12.60 billion by 2025. As per the volume data, the surgical system is anticipated to grow at a CAGR of 10% during the forecast period, 2017-2025.
The demand for UAVs is swiftly increasing among different end-users across the globe, driven by such factors as a rise in demand across both commercial and noncommercial end-users, consumer-centric technological developments, and a decline in prices.
According to international studies, the use of artificial intelligence in medicine can increase the gross profit of companies in the healthcare industry. In 2016, the share of the European AI market was estimated at $ 270 million with an expected annual growth of more than 35%.
With automation swiftly picking up as a trend across sectors, India’s surgical robotics market is estimated to expand at a compound annual growth rate (CAGR) of 20 per cent between 2017 and 2025 to hit the size of $350 million, compared with $64.9 million in 2016.
For the Middle East, video surveillance is one of the largest areas of growth within both the homeland and commercial security markets. Khwaja Saifuddin, senior sales director, Western Digital India, Middle East and Africa, said the new evolving security and surveillance trends will see a rise in smart storage solutions in the region.
With the advent of technologically advanced surgical robotic systems, the global market is expected to grow substantially to help healthcare professionals confront the surgeries of people with gynaecological, urological, orthopaedics, neurological, and orthopaedic disorders.
With a rise in chronic diseases amid an ever-increasing elderly population, the market for surgical robotics in India is anticipated to grow at a Compound Annual Growth Rate (CAGR) of 20 per cent, a report by global market intelligence firm BIS Research said on Tuesday.
With a rise in chronic diseases amid an ever-increasing elderly population, the market for surgical robotics in India is anticipated to grow at a Compound Annual Growth Rate (CAGR) of 20 per cent, a report by global market intelligence firm BIS Research said on Tuesday.
For the Middle East region specifically, video surveillance is one of the largest areas of growth within both the homeland and commercial security markets. New evolving security and surveillance trends will see a rise in smart storage solutions.
Headlines frequently herald how blockchain technology will revolutionize financial services markets, but blockchain will also have a transformative impact on everything from the food industry to healthcare. While some companies are looking at blockchain’s future impact, the technology is changing our world right now.
In 2017, collaborative robots (cobots) began to overtake the robotic market. According to BIS Research, by 2021, the collaborative-robot market is expected to grow to approximately $2 billion and 150,000 units. Several industries are looking towards cobots as a way of introducing the new automation future.
It estimates that this number will hit 1,046,283 in FY 2018, adding greater emphasis for the need to enhance compliance with established anti-money laundering norms in the country. According to the study, the global anti-money laundering software market is expected to reach a size off $1.4 billion by 2023.
While 2017 was without a doubt a big year for the blockchain industry, last year was only just the beginning for the sector. With more than 60 percent of banks already backing blockchain, moving into 2018 it’s expected that more industries will make the shift towards using blockchain technologies, with the healthcare industry at the top of that list.
There is rarely a quiet moment in the unceasing world of cybersecurity. And that is putting it remarkably mildly. Take, for example Saudi Arabia. At the very end of October, King Salman issued a decree to set up the National Cyber Security Authority in a bid to enhance the kingdom’s existing cybersecurity efforts and protects its “vital interest, national security and sensitive infrastructure”.
Dubbed the Internet 2.0, blockchain has become much more than the technology behind cryptocurrencies. Putting it simply, 2017 undoubtedly was the year that set the wheels in motion for blockchain transforming not just the technology sector but its impact and use in other industries moving moving forward.
Anika Therapeutics Inc . ANIK recently obtained 510(k) approval from the U.S. Food and Drug Administration (FDA) for its latest hyaluronic acid (HA) technology-based Bone Repair treatment. This marks the commercial debut of the company's regenerative portfolio in the United States and is an important milestone for Anika.
Global market intelligence, research, and advisory company BIS Research announced that it has roped in Manoj Madhusudanan on as its Innovation and Growth Advisor, to work on key strategic elements to help the firm reach the next orbit of growth - both in terms of capabilities and market reputation.
A pilot, project involving an internet of things (IoT) solution that uses sensors on the trees to monitor and analyse their well-being, is being run by Bengaluru-based Institute of Wood Science and Technology (IWST), which falls under the central government’s ministry of environment, forest and climate change in association with Hitachi India Pvt. Ltd.
Some companies like Apple and Google, however, drove themselves to the pinnacle of the technology sector and created some of the most valuable brands in the world. Either this was done through strategic product development (the iPod and iPhone) or acquisition (Google’s acquisition of Android and Motorola).. Essentially, the difference between riding the wave of tech disruption and getting washed out by it is making the right strategic decisions about new technologies at the right time.
The growing adoption of data analytics by global organisations is a telling indicator of how important information is to the success of business in the future. Technology-focused market intelligence is key for businesses to identify the data and trends relevant to them.
Miniature satellite maker Clyde Space is being bought by a Swedish space tech company in a deal worth £26m. Clyde Space's customers have included Nasa, Spire, UK Space Agency and US Air Force.
Fintech has been on fire in 2017. On the cryptocurrency side, Bitcoin, Ethereum, Litecoin and many more have skyrocketed in price. Gains have been so impressive that even gold mining companies have been switching over to blockchain, in an effort to hop aboard the money-train.
The demand for electric vehicles (EVs) is increasing rapidly, with the global stock numbers crossing the 1 million mark in 2015 and then 2 million in 2016. A new market research report by BIS Research shows that the global market for EVs is estimated to grow in volume at a compound annual growth rate of 28.3% from 2017 to 2026.
Conservative estimates put vaporizer sales as a $2.5 billion market, and Namaste expects its revenue to hit C$25 million by Aug 2018 and those revenues to increase 35 per cent each year through 2020.
Zynga recently spent $100.0 million to acquire the mobile card game business of Turkey-based digital games publisher Peak Games. It remains to be seen how this investment would impact Zynga’s mobile business going forward, as the mobile games market is extremely competitive.
The need to simultaneously reduce healthcare costs and deliver optimal care are driving the expansion of population health management initiatives among hospitals today. What can hospitals do now to prepare for the future of population health management?
Pollution has also had a role to play in Chinese men’s plunging sperm counts, which have fallen continuously since the 1970s. According to the report The Effect of Urbanisation on China’s Fertility, published by the Population Research and Policy Review in 2012, urbanisation was responsible for around 22 percent of the decrease in China’s total fertility between 1982 and 2008, and was especially instrumental from 2001 onwards.
Philip Morris International, Altria Group, and British American Tobacco face an increasing threat from e-cigarettes and vaporizer brands. These devices and e-liquid makers are escalating in popularity at a far greater rate than conventional tobacco products in youth markets. As popularity spreads and education about smokeless tobacco products continues, these products will increasingly eat into big tobacco’s smokeables market share.
The cobotic vision, a contraction of the words "robot" and "collaborative", seeks to reintegrate human intervention into a production process, a guarantee of quality for the consumer. Cumbersome, easy to program, versatile and economical, cobots are becoming more and more popular with companies.
Of special interest to Micro C are the opportunities to bring X-ray capabilities, for the first time, to developing countries and rural locations served by medical professionals who are expanding national public health programs and increasing international medical mission work.
Dem-Con’s carton-sorting robot is the second installation of the AMP Cortex. The first, at Alpine Waste & Recycling in Denver, was launched earlier this year. Through AI, the robots learn as they go and become better over time at identifying and sorting cartons. Everything the robots learn can then be shared with future systems.
Industrial robots have been the dominant technology for decades, and companies may choose to maintain their legacy equipment rather than upgrading to a cobot. Veo Robotics looks to help ease the decision-making struggle by working on machine-vision technology that will turn any robot into a cobot.
The artificial intelligence market in the space will grow at a CAGR of 45.1 percent, driven not only by assistant-level applications, but also by the insatiable thirst for data from the trend to evidence-based medicine, and the need to keep costs down by applying best practices derived from information analysis.
The demand for sustainable materials is on a continuous rise and is expected to grow in the next 10 years as the sustainable materials are successfully replacing the conventional materials and are being preferred in today's construction industry.
Numerous companies have invested in the application of artificial intelligence in healthcare. IBM’s Watson is being used for oncology and cancer treatment in the hospitals. IBM is also working with CVS Health for chronic disease treatment using the artificial intelligence.
The next logical step for cobots is to start tackling the tasks handled by industrial robots. This involves heavy assembly and more delicate tasks like welding. Welding is especially in demand at the moment, as many skilled workers are retiring and not being replaced.
The number of small satellite launches has culminated in a peak in 2017. These increases have put additional pressure on the production capacity of the component manufacturers, which are already seeing a marked increase in demand from the automotive and defence sectors.
E-cigarettes that use e-juice have become more common in recent years as consumers view the electronic devices as a healthier alternative to traditional smoking, despite warnings from the U.S. surgeon general that e-cigarettes pose health risks, especially for young people.
Imagine flocks of small satellites (smallsats), hundreds in number, orbiting around Earth right now… satellites that are the size of a youngster’s play action figures.
Zimmer Biomet, an orthopedic company which designs, manufactures, and markets implants is considered a cheap stock facing supply and manufacturing issues. The orthopedic industry is doing relatively well, thus Zimmer's issues are company-specific.
The mobile gaming market presents a massive revenue opportunity for video game developers such as Zynga, Electronic Arts (EA), Take-Two Interactive (TTWO), Activision Blizzard (ATVI), and Glu Mobile (GLUU).
Most notable are the achievements of exoskeleton technology in the medical field. As reported by Robotics Trends, Ekso Bionics’ GT exoskeleton is the first exoskeleton to be cleared by the Food and Drug Administration for clinical trials.
Blockchain technology will reduce transaction costs and infrastructure by at least 50% for financial companies. This could mean over 40 billion a year less in infrastructure, IT , operations, and staff costs.
BIS Research estimates the automotive LiDAR market was worth $65 million last year. It will show double-digit compound annual growth over the next decade, according to the firm.
The global LED emergency lighting market is expected to grow at a significant rate during the forecast period. The constant changes in the industry has led to the analysts at BIS Research to add a detailed chapter on the market dynamics.
According to a new market intelligence report by BIS Research, titled ‘Blockchain Technology in Financial Services Market – Analysis and Forecast: 2017 to 2026?, cost savings of $30 to $40 billion per year will be achieved in trade finance.
The global IoT in Oil and Gas market is expected to hit $30.57bn in 2026, growing at a CAGR of 24.65%, according to BIS Research
The global market for the Internet of Things (IoT) in oil and gas is expected to reach to US$30.57 billion by 2026, growing at a compound annual growth rate (CAGR) of 24.65 per cent during the forecast period from 2017 to 2026, according to a new market intelligence report by BIS Research.
Recently, BIS research came up with a study which outlines the immense cost savings that blockchain could bring to financial services businesses. Per year costs savings are estimated to be around $6-8 billion in KYC/AML, $30-40 billion in trade finance, and $50-60 billion in capital markets.
“The sudden price surge in Bitcoin coincided with the confirmation of BIP 91’ adoption, as the currency rose to new highs above the $3000 mark within days, surpassing previous levels of resistance,” says Shazlie Khan, research analyst at BIS Research.
According to a market research report by BIS Research, in 2016, the orthopedic segment dominated the conventional implant market, accounting for $34.74 billion. The global conventional medical implants market will likely reach $106.9 billion by 2023.
A significant drop in sperm count is noted from 100 million in the early 1970’s to 20 million in 2012 as per a senior fellow Global Health at the Council on foreign relations. So the only viable option is to go for assisted reproductive techniques. As per BIS research, China’s IVF market alone is expected to reach $1.5 billion in 2022 from $670 million in 2016.
China's market for IVF alone was worth US$670 million last year and is expected to surge to US$1.5 billion in 2022, said BIS Research. Average sperm count (number of sperm per millilitre) dropped from 100 million in the early 1970s to as low as 20 million in 2012 in China, said Mr Huang Yanzhong, senior fellow for global health at the Council on Foreign Relations.
BIS Research has analyzed the global small launch vehicle market and is reporting this market segment generated $166.3 million during 2016 in terms of revenue, which is anticipated to reach $11.37 billion by 2026, growing at a CAGR of 52.57 percent, in their new Global Small Launch Vehicle Market - Analysis and Forecast (2017-2026).
A recent market intelligence report done by BIS Research, called “Blockchain Technology in Financial Services Market: Analysis and Forecast: 2017 to 2026” released in July 2017 showcases just how far blockchain technology has come–but more specifically where it’s heading–namely in the financial services industry.
Blockchain technology entered into mainstream financial services in June, with IBM building blockchain for seven of Europe’s biggest banks in the area of trade finance, notes the BIS Research statement.
A new market intelligence report by BIS Research, titled ‘Blockchain Technology in Financial Services Market – Analysis and Forecast: 2017 to 2026’, has reached the conclusion that the application of blockchain could lead to a per-year cost savings of $6-8 billion in KYC/AML, $30-40 billion in trade finance, and $50-60 billion in capital markets.
The blockchain technology could save the financial institutions over $40 billion per year in infrastructure, IT, operational, third party fee, and administrative personnel costs”, Shazlie Khan, an Analyst at BIS Research, said.
Blockchain, the distributed database technology that help make digital currencies like Bitcoin possible, is more than an enabler of futuristic payment options. Over the next several years, it will help financial services firms slash costs by billions of dollars, according to a new report from BIS Research.
A paradox has emerged in China: As the country finally relaxes its one-child policy, factors like lower sperm counts, later pregnancies and other health barriers are making it harder for many to get pregnant. As a result, businesses from China to Australia, and even California are lining up to help -- and profit from -- the growing market of hopeful prospective parents.
A BIS Research report forecasts the global 3D printing plastic and photopolymer material market is estimated to reach $1.86 billion (A$2.37 billion) by 2023 at a CAGR of 21.5 per cent from 2017 to 2023.
Earlier this month, BIS Research predicted the global mobile gaming market will generate $58.71 billion in revenue by 2023, growing at a compound annual growth rate of 9.4 per cent.
In a candid interaction with CXO Today, Kiran Nayak, Co-founder, PiOctave Solutions, talks about the potentials in the smart and interactive surveillance space and how the market is evolving in India.
BIS Research predicted the global mobile gaming market will generate $58.71 billion in revenue by 2023, growing at a compound annual growth rate (CAGR) of 9.4 per cent from 2017 to 2023.
The latest vape market report illustrates that while the e-cigarette market was predicted to be worth $8 billion by 2015, it is expected to continue expanding at an annual growth rate of 19.34% for the forecast period.
Shops patronized by pot smokers have a long tradition of labeling their pipes and vaporizers “for tobacco use only.” But startups developing smoking and vaping gear are basically asking customers to put their weed in it.
There is a buzz growing around the potential market response to reduced-risk products (RRPs).
A patent filed by Apple was recently made public, but it's not what you'd expect. The patent is for a complex vaporizer device, although they don't specify the substances meant to be vaporized.
With e-cigarettes having gained much traction in South Africa and across the globe, entrepreneurs have also begun to invest in a market expected to grow exponentially in the next decade.
For manufacturers that have yet to bring a robot into their production areas, the prospect of doing so can be daunting. To make it less intimidating, robot manufacturers are taking a step back from their large, industrial robot focus and catering to a need for smaller, self-contained robots that can work side-by-side with people. They’re called collaborative robots, or cobots, and manufacturers are likely to see an influx of them from robot manufacturers in the coming years.
As collaborative robots get more and more attention, various governments have started defining long-term strategies. For example, Germany introduced its “High-Tech Strategy 2020” for Industry 4.0 back in 2006, but some Mediterranean countries haven’t even started planning.
IdeaKon is a speaker series cum networking event aimed at promoting the spirit of entrepreneurship among the youth and motivating them to take the road less travelled.
The global tobacco giant is betting that products like its new iQOS electronic cigarette will be what fuel the next phase of expansion.
The Augmented and Virtual Reality markets have long been specialized industries, but that is expected to change by 2022.
EmergE, the flagship entrepreneurship summit of the Indian Institute of Management (IIM) – Shillong, is one of the most premier annual events in the northeast.
The estimated $10 billion global market for wireless audio devices is as popular as it's ever been — a fact an upstart audio company discovered after it set out to raise $50,000 for two new products but got more than five times the amount.
E-cigarettes, like the tobacco products that preceded them, have their share of critics. But no one can deny the packaging opportunity currently bubbling up in the e-cig market.
With the technology becoming ever more sophisticated, video surveillance systems are on the verge of becoming an indispensible component of security systems worldwide. In the coming years, the growth of the North American market is expected to reflect that reality.
12 Jun 2018
According to the latest market intelligence report..
07 Jun 2018
According to the latest market intelligence report..
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