ICT News World

The soaring demand for artificial intelligence (AI)-based customer support services is bolstering the popularity of conversational AI solutions across the world. As AI-based solutions have the ability to resolve customer queries without requiring any human intervention, they are increasingly being integrated in various customer services applications. Moreover, these solutions make the management of huge volumes of data in a highly structured manner possible, which, in turn, allows organizations to provide effective customer care services. Get the Sample Copy of this Report @  https://www.psmarketresearch.com/market-analysis/conversational-ai-market/report-sample According to the forecast of P&S Intelligence, a market research company based in India, the value of the conversational AI market will grow from $3.2 billion in 2018 to more than $15.0 billion by 2024. Furthermore, the market is predicted to advance at a CAGR of 30.2% from 2019 to 2024. Platforms and services are the ...

The expansion of the automotive industry is one of the major factors responsible for the growing demand for emotion analytics solutions across the world. Many automobile manufacturing companies around the world are rapidly adopting various artificial intelligence (AI)-driven technologies in their vehicles. Moreover, they are focusing on extensive research and development (R&D) activities that can enable the integration of emotion recognition features in vehicles, wherein the installed software responds intelligently to the various emotions of the driver. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/emotion-analytics-market/report-sample These solutions help brands and retailers understand the experience and thought-process of shoppers while purchasing or just window-shopping, which, in turn, allows the store owners to manage their inventory according to the preferences of the customers. This subsequently leads to higher product sales and a b...

The rising prevalence of cybercrimes is one of the biggest factors responsible for the growing demand for artificial intelligence (AI)-integrated cyber security solutions across the world. Cyber frauds such as payment card and identity thefts, are responsible for more than 55% of all cybercrimes occurring around the world. Moreover, these cybercrimes cause huge losses to many organizations. AI-based solutions prevent the occurrence of cyber frauds by identifying and detecting potential threats. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/artificial-intelligence-in-cyber-security-market/report-sample As this policy allows organizations to improve their productivity and enhance the satisfaction level of their employees, it is increasingly being adopted by various organizations around the world. However, the adoption of BYOD makes corporate data highly vulnerable to cybercrimes and frauds. This is because the devices used by employees have various...

According to reports, the total number of internet users increased by nearly 1.3 billion from December 2014 to March 2019. Moreover, this number grew to 4.4 billion by March 2019. As per the Global Internet Phenomena Report published by Sandvine, nearly 58% of the total downstream internet traffic across the world is consumed by people streaming video content. Across the globe, the highest share of downstream traffic volume is currently held by Netflix Inc. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/video-streaming-market/report-sample The ballooning popularity of video streaming services such as Netflix Inc. is also positively impacting the popularity of video streaming throughout the world. This is, in turn, driving the advancement of the global video streaming industry . According to the estimates of P&S Intelligence, a market research company based in India, the valuation of the market will grow from $245.3 billion in 2018 to $688.7 bi...

A major reason the uptake of this technology is rising in contact centers. By talking to customers, for instance via chat platforms, NLP creates trends that users can study to increase revenue, improve customer service, and reduce cost in multiple business areas. NLP is being made adept in ascertaining whether consumers are stressed, angry, or happy, by interacting with them and analyzing their speech. Other benefits this technology offers customer support teams is the automation of speech-to-text transcription, compliance with industry policies, reduction in the requirement for human agents, and decrease in hardware cost. The industry segment of the natural language processing market is categorized into including banking, financial services, and insurance (BFSI), healthcare, automotive, IT & telecommunication, public utilities, retail, electronics, and media & entertainment. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/natural-language-...

According to the estimates of P&S Intelligence, a market research company based in India, the value of the market will rise from $5.3 billion in 2019 to $53.1 billion by 2030. Furthermore, the edge data center market is predicted to advance at a CAGR of 25.4% between 2020 and 2030. Between edge data center solutions and services, the demand for the former is predicted to surge in the coming years. Out of cooling, IT racks and enclosure, power and uninterruptible power supply (UPS), networking equipment, data center infrastructure management (DCIM), and storage, the demand for cooling solutions is predicted to soar in the future years. This will be because of the increasing adoption of various cooling technologies by edge data centers for maintaining the optimal temperature in the data center facilities. Both large enterprises and small and medium enterprises (SMEs) are major end users of edge data centers. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/marke...

The mushrooming adoption of marketing automation software by small and medium enterprises (SMEs) is also fueling the demand for the software across the globe. Currently, small and medium enterprises account for a large number of enterprises around the world. For example, there were nearly six million small and medium enterprises in the U.K. in 2018. These SMEs accounted for more than 98% of all organizations in the country. Between these, the solutions category is predicted to register the highest growth in the marketing automation software market in the future years. This is attributed to the growing adoption of marketing automation software solutions in various industries such as banking, financial services, and insurance (BFSI), media and entertainment, retail and e-commerce, and IT and telecom. Across the globe, the demand for this software will surge in the Asia-Pacific region in the coming years. Get the Sample Copy of this Report @  https://www.psmarketresearch.com/market-a...

The demand for DWaaS solutions is growing rapidly across the globe. This is, in turn, driving the expansion of the global data warehouse as a service (DWaaS) market. As a result, the valuation of the market is predicted to grow from $1.4 billion in 2019 to $23.8 billion by 2030. Furthermore, the market is predicted to advance at a CAGR of 29.2% between 2020 and 2030. Depending on type, the market is divided into operational data store (ODS) and enterprise data warehouse (EDW) categories. Between these, the ODS category is predicted to exhibit faster growth in the DWaaS market in the forthcoming years. This will be because these solutions enable the integration of data from various sources on a single platform, which, in turn, makes operational reporting easier and hassle-free. Furthermore, ODS utilizes BI tools for deriving useful inferences from the generated data. Across the globe, the DWaaS market will demonstrate the fastest growth in the Asia-Pacific (APAC) region in the upcoming...

In the coming years, the information technology (IT) and telecom sector will be the largest user of data center colocation solutions due to the increasing penetration of improved technologies like IoT, AI, and cloud computing. Their adoption results in the generation of a large volume of data, which requires efficient storage. To securely store and manage this voluminous data, IT and telecom companies are rapidly taking data center space on rent. Apart from their low operational and capital costs, data colocation centers also enable high-speed data transmission. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/data-center-colocation-market/report-sample Since such new IT technologies are generally adopted in North America first, according to P&S Intelligence, it will continue to be the most-lucrative region for firms offering data center colocation solutions. This will additionally be due to the existence of a vast number of data centers and col...

The industry segment of the quantum computing market is classified into banking, financial services, and insurance (BFSI), healthcare, information (IT) and telecom, manufacturing, aerospace and defense, energy and utilities, and others. Among these, the BFSI category accounted for the largest market share in 2019. This is attributed to the considerable growth in the BFSI sector across the world and the extensive focus of large banks on investing in this futuristic technology.  This technology enables banks and financial organizations to streamline their business processes and strengthen their security manifold. Geographically, North America held the largest share in the quantum computing market in 2019. This is primarily due to the hefty investments by private firms and governments for the development of this technology. For instance, the U.S. Congress passed the National Quantum Initiative, in January 2019, to authorize around $1.2 billion investment in quantum technology over th...

The growing popularity of remote working is fueling the demand for web conferencing solutions across the world. Currently, businesses are formulating new strategies and methods for improving their productivity and reducing the operational expenditure. As remote working massively reduces the operational expenditure by cutting down on various office expenses, organizations are increasingly adopting this policy. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/web-conferencing-market-report/report-sample    As per various studies, remotely working employees have the ability to work an additional 1.4 days per month than the in-office employees. This adds up to around 17 additional workdays in a year, which leads to a huge increment in business productivity. Moreover, web conferencing solutions provide the advantages of both live video and phone conversations and allow organizations to easily conduct team meetings anytime and anywhere, thereby e...

The increasing requirement for higher return on assets (ROA) is pushing up the demand for enterprise asset management (EAM) solutions among businesses. The demand for enterprise asset management (EAM) solutions is growing rapidly across the world. The valuation of the enterprise asset management market is predicted to rise from $5.5 billion in 2019 to $25.9 billion by 2030. Furthermore, the market is predicted to demonstrate a CAGR of 17.0% between 2020 and 2030. Depending on offering, the market is divided into service and solution categories. Between these, the solution category recorded higher growth in the market in the past. This was primarily because of the huge demand for the effective management of various enterprise assets and resources, the comprehensive visibility of enterprise assets, and the expansion of various industries such as telecommunications, healthcare, retail, and manufacturing.   Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-a...

Natural language processing (NLP) allows machines to decode manual inputs and analyze unstructured data, to offer filtered information to improve human–machine interaction. The results obtained by NLP are more appropriate and specific. Technological solutions such as Alexa, Cortana, and Siri are some examples where NLP is used to enhance the semantic search experience. The increasing adoption of such technological solutions will fuel the natural language processing industry growth at a high CAGR of 19.7% during 2019–2024. The market stood at $8.3 billion in 2018, and it is expected to reach $22.9 billion by 2024. Additionally, the rising penetration of virtual assistants among businesses will boost the deployment of NLP-based chatbots in the coming years. Developers across the world are introducing chatbots that leverage NLP to bridge the gap between enterprises and customers, thereby enhancing customer service. NLP-supported chatbots can work in multiple languages and aid organizati...