Blockchain Press Releases
Artificial Intelligence (AI) Sensor Market to Hit $41.17 Billion by 2030: Grand View Research, Inc.
SAN FRANCISCO, June 29, 2023 /PRNewswire/ — The global AI sensor market size is expected to reach USD 41.17 billion by 2030, according to a new report by Grand View Research, Inc. The market is anticipated to expand at a CAGR of 43.6% from 2023 to 2030. The artificial intelligence (AI) sensor market has been experiencing significant expansion and is projected to grow robustly. Factors such as the increasing adoption of AI technologies, advancements in sensor capabilities, rising demand for internet of things (IoT) and connected devices, and the need for enhanced human-machine interactions are driving the market growth.
Key Industry Insights & Findings from the report:
- Integrating AI sensors with edge computing allows for real-time data processing, reduced latency, and improved efficiency. This combination enables faster decision-making, better response times, and enhanced privacy by processing data locally.
- The machine learning technology segment dominated the market with a revenue share of 31.5% in 2022. The factor attributed to the growth is the rising use of machine learning and NLP algorithms to make chatbots and virtual assistants that can understand customer intent and provide relevant responses.
- Continuous advancements in AI algorithms, machine learning, and sensor technologies fuel the growth of the AI sensor industry. These advancements enable sensors to capture and process data more accurately and efficiently, leading to improved AI capabilities and applications.
- North America dominated the market with a revenue share of 40.3% in 2022. The region has a strong technological ecosystem, with significant investments in AI research and development.
Read full market research report for latest industry insights, “Artificial Intelligence (AI) Sensor Market Size, Share & Trends Analysis Report By Technology (NLP, Machine Learning, Computer Vision, Context-aware Computing), By Sensor Type, By Application, By Region, And Segment Forecasts, 2023 – 2030“, published by Grand View Research.
AI Sensor Market Growth & Trends
AI-based sensors have observed the strongest innovations, particularly in the human-machine interface. The human-machine interface (HMI) refers to the interaction between humans and machines, and it plays a crucial role in enabling seamless communication and control. AI-powered sensors like gestures, voice, and facial recognition have revolutionized HMIs by enhancing their capabilities and making them more intuitive, efficient, and user-friendly. The market is experiencing rapid growth, driven by the increasing demand for intelligent, intuitive, and personalized human-machine interactions.
The COVID-19 pandemic has acted as a catalyst for adopting artificial intelligence sensors in several sectors. The unique capabilities of AI sensors and the urgent need for advanced technologies to combat the pandemic have led to their increased deployment in various applications. For instance, AI sensors, including computer vision and LiDAR technology, have been employed to monitor crowd density and ensure compliance with social distancing guidelines. These sensors can provide real-time data and alerts to help manage and control the spread of the virus.
Many businesses use AI technology to offer a superior customer experience. With the advancement of natural language processing through artificial intelligence (AI), chatbots are becoming a priority for businesses as the need to develop more prominent communication platforms grows. Customers with more fundamental questions can use chatbots to respond immediately and accurately. Chatbots can use previous questions and historical data to deliver personalized results, freeing time for customer service agents to work on more complex requests requiring more human nuance. For instance, H&M, a Sweden-based fashion company, uses a chatbot to assist mobile customers in their search for outfit options. Dominos, a U.S.-based restaurant chain, created a Facebook chatbot to expedite orders.
The Asia Pacific region has emerged as a key player in the market for artificial intelligence sensors. Countries like China, Japan, South Korea, and Singapore are at the forefront of AI sensor adoption. The region strongly focuses on smart manufacturing, robotics, healthcare, and consumer electronics. China, in particular, has made significant investments in AI sensor technology and is driving innovation in areas such as facial recognition, voice recognition, and autonomous systems.
Artificial Intelligence (AI) Sensor Market Report Scope
Report Attribute |
Details |
Market size value in 2023 |
USD 3.26 billion |
Revenue forecast in 2030 |
USD 41.17 billion |
Growth rate |
CAGR of 43.6% from 2023 to 2030 |
Base year for estimation |
2022 |
Historical data |
2017 – 2021 |
Forecast period |
2023 – 2030 |
AI Sensor Market Segmentation
Grand View Research has segmented the global AI sensor market based on technology, sensor type, application, and region
AI Sensor Market – Technology Outlook (Revenue, USD Million, 2017 – 2030)
- NLP
- Machine Learning
- Computer Vision
- Context-aware Computing
AI Sensor Market – Type Outlook (Revenue, USD Million, 2017 – 2030)
- Pressure
- Temperature
- Optical
- Position
- Ultrasonic
- Motion
- Navigation
- Others
AI Sensor Market – Application Outlook (Revenue, USD Million, 2017 – 2030)
- Automotive
- Consumer Electronic
- Manufacturing
- Aerospace & Defense
- Robotics
- Smart Home Automation
- Healthcare
- Others
AI Sensor Market – Regional Outlook (Revenue, USD Million, 2017 – 2030)
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Latin America
- Brazil
- Mexico
- Middle East and Africa
- Kingdom of Saudi Arabia (KSA)
- UAE
- South Africa
List of Key Players in Artificial Intelligence (AI) Sensor Market
- ACI Worldwide
- Baidu, Inc.
- BAE Systems
- LexisNexis Risk Solutions
- Oracle Corporation
- Robert Bosch GmbH
- Sensata Technologies, Inc.
- Sensirion AG
- Silicon Sensing Systems Limited
- Sony Corporation
- SAS Institute
- Teledyne Technologies Incorporated
Check out more related studies published by Grand View Research:
- AI Chipset Market – The global artificial intelligence chipset market size is expected to reach USD 59.2 billion by 2025, according to a new report by Grand View Research, Inc. The artificial intelligence (AI) chipset market is anticipated to expand at a CAGR of 33.6% from 2019 to 2025. An artificial intelligence chipset is built on the concept of adding a dedicated component in an electronic device, to execute machine learning tasks. In addition, an increased amount of data has led to the need for high-speed processors and faster computing, which is addressed by incorporating artificial intelligence into the set of electronic components. For instance, Apple has implemented a neural engine in its A11 Bionic chip’s GPU to speed-up the third-party applications. With the growing implementation of AI in smartphones and other smart devices, the growth in the market has been boosted.
- AI in Construction Market – The global artificial intelligence (AI) in construction market size is expected to reach USD 3.3 billion by 2025, according to a new report by Grand View Research, Inc. The market is anticipated to witness a CAGR of 34.0% from 2019 to 2025. Artificial intelligence in building solutions is being adopted rapidly due to the increasing need for risk management and deployment of more safety measures at the job site. Specialized artificial intelligence solutions are trained on architecture images, which helps in predictive maintenance. These artificial intelligence solutions can review thousands of images and identify risk factors to provide insights into risk indicators at a scale that cannot be achieved by humans. Furthermore, artificial intelligence has become more predictive and can observe the activities taking place at job sites, based on which it can predict the results of these activities.
- Edge Artificial Intelligence Chips Market – The global edge artificial intelligence chips market size is expected to reach USD 9.5 billion by 2027, according to a new report by Grand View Research, Inc. The market is anticipated to register a CAGR of 21.3% from 2020 to 2027. Semiconductor companies are experiencing high demand for their existing chips with hardware serving as a differentiator in AI. Also, these companies are developing workload-specific (training and inference) AI accelerators. For instance, Apple has implemented a neural engine in its A11 Bionic chip’s processor to speed-up the third-party applications. The market is growing rapidly with the rising implementations of edge-based AI in smartphones and autonomous vehicles.
Browse through Grand View Research’s Next Generation Technologies Industry Research Reports.
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: [email protected]
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Blockchain Press Releases
Vantage Markets Named Leading Broker in Investing.com’s Latest Rankings for 2024 during the US Election Period
SYDNEY, Nov. 14, 2024 /PRNewswire/ — Vantage Markets (or “Vantage”), an award-winning multi-asset broker, has once again solidified its reputation for excellence, outperforming competitors across multiple key categories in Investing.com’s latest brokerage test.
Investing.com, one of the world’s leading financial publishers, provides real-time financial news, analysis, and data, serving over 60 million monthly users across global markets. Its brokerage tests are highly regarded in the industry, offering comprehensive insights into broker performance based on rigorous evaluation criteria.
In this latest assessment, the test evaluated multiple key metrics, including leverage, spread value, spread stability, no-slippage rate, market depth, large order cost, and swap competitiveness, conducted during one of the most volatile periods – the U.S. elections—with test data focused on the product movement of Gold (XAUUSD).
Leverage
Vantage excelled in providing flexible, highly competitive leverage of up to 1:2000 (in selected regions), granting traders access to powerful financial instruments with a range of options tailored to their trading needs. This balance of flexibility and control is essential to Vantage’s philosophy of empowering traders with tools that support intelligent risk management.
Spread Value and Spread Stability
Based on ECN account data, the test highlighted Vantage’s exceptionally low spread values at 9.1 as compared to other brokers, offering traders cost-effective access to the markets. Furthermore, spread stability consistently held within a range of 8-9 points, a critical factor during market turbulence. This stability reflects Vantage’s robust infrastructure and dedication to providing reliable trading conditions regardless of market fluctuations.
No-Slippage Rate
Vantage demonstrated an unmatched 79% no-slippage execution rate on STP accounts, showcasing its ability to minimise the disparity between requested and executed prices. By reducing unexpected deviations, Vantage ensures that traders’ strategies remain intact without unexpected deviations, enhancing trust and transparency in trade execution.
Market Depth
In a rigorous test of order placements during high-volatility news events, Vantage exhibited unparalleled market depth, handling large lot sizes with minimal slippage. This level of market depth and stability reflects the strength of Vantage’s liquidity network, providing traders with a seamless experience even during peak market activity.
Large Order Cost
During the high-volatility US Election period, Vantage excelled with a larger order cost of -26.6, offering competitive pricing and minimising trading expenses for large transactions. This is at the back of Vantage’s commitment to ensure that traders enjoy cost-efficiency even in dynamic and fast-moving markets.
Swap Competitiveness
Vantage continues to deliver value with industry-leading swap rates, offering -30.8 for long positions and 22 for short positions. Known for offering some of the industry’s best swap rates, Vantage ranks highly with advantageous rates on both sides of the market, providing traders added value, especially for long-term positions.
The recognition by Investing.com is a true testament to Vantage’s drive for excellence and reinforces its position as a leader in the global trading landscape. For traders across the world, these results are not only a reflection of Vantage’s superior trading conditions but also a promise of its unwavering commitment to fostering a high-performance trading environment.
Jack Kelly, Head of Sales, Vantage Australia said, “Here at Vantage Australia, we’re thrilled to see our dedication to delivering a high-quality trading experience recognised in Investing.com’s latest rankings. This achievement highlights the passion and precision we bring to our work every day. As we look ahead, we remain focused on refining our offerings and ensuring our traders have the best tools and support to navigate the markets with confidence.”
For more information, visit Investing.com.
About Vantage
Vantage Markets (or Vantage) is a multi-asset broker offering clients access to a nimble and powerful service for trading Forex and Contracts for Difference (CFDs) products on, Commodities, Indices, Shares, ETFs, and Bonds.
With over 15 years of market experience, Vantage transcends the role of broker, providing a trusted trading ecosystem, an award-winning mobile trading app, and a user-friendly trading platform that empowers clients to seize trading opportunities. Download the Vantage App on App Store or Google Play.
trade smarter @vantage
Vantage Global Prime Pty Ltd (ACN 157 768 566) (“Vantage”), located at 12/15 Castlereagh Street, Sydney, NSW, Australia, 2000, and is authorised and regulated by the Australian Securities & Investments Commission (ASIC) AFSL no. 428901.
Trading derivatives carries significant risks. It is not suitable for all investors and if you are a professional client, you could lose substantially more than your initial investment. When acquiring our derivative products, you have no entitlement, right or obligation to the underlying financial assets. Past performance is no indication of future performance and tax laws are subject to change. The information on this website is general in nature and doesn’t take into account your personal objectives, financial circumstances, or needs. Accordingly, before acting on the advice, you should consider whether the advice is suitable for you having regard to your objectives, financial situation and needs. We encourage you to seek independent advice if necessary.
You should consider whether you’re part of our target market by reviewing our Target Market Determination (TMD), reading our Product Disclosure Statement (PDS), and other legal documents to ensure you fully understand the risks before you make any trading decisions. We encourage you to seek independent advice if necessary. |
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Blockchain Press Releases
Bybit WSOT 2024 Shatters Records with $100 Billion in Trading Volume, Redefining Crypto Trading Competition
DUBAI, UAE, Nov. 13, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, proudly announces the successful conclusion of its World Series of Trading (WSOT) 2024, a landmark event that not only shattered previous records but also redefined industry standards. Attracting more than 77,000 traders from over 160 countries, WSOT 2024 generated a remarkable $100 billion in trading volume and awarded participants with total profits exceeding $137 million. This year’s event set new heights in inclusivity, innovation, and achievement, making it a pivotal moment in the evolution of global cryptocurrency trading.
Pioneering a New Era of Trading
This year’s WSOT was a celebration of innovation and community engagement. Bybit’s commitment to fostering a vibrant trading ecosystem was furthered through initiatives like the WSOT DEX Wave, where traders explored Web3 projects, supported emerging talents, and competed for a million MNT prize pool. With UTA account integration, traders gained a strategic edge, able to enter the competition with one primary account and up to four subaccounts.
Additionally, Bybit’s dedication to giving back was reflected in charitable donations totaling 75 ETH, aligning the competition with causes that resonate with the global trading community.
Key Achievements and Milestones
- Unmatched Global Participation: WSOT 2024 attracted over 77,000 traders from 160+ countries, highlighting the universal appeal of the competition.
- Record-Breaking Trading Volume: Participants generated a record-setting $100 billion in trading volume.
- Massive Profits for Traders: The total trader profit exceeded $137 million.
- Pioneering DEX Integration: Bybit introduced decentralized exchange (DEX) trading within WSOT, bridging the gap between traditional finance (TradFi) and decentralized finance (DeFi) and providing participants access to over 100 Web3 projects.
- Enhanced Fairness: With the implementation of a tiered weighting system and ROI reset features, WSOT 2024 ensured a level playing field for all traders, fostering a more inclusive and accessible competition.
Celebrating Individual and Team Accolades
WSOT 2024 celebrated extraordinary achievements, with standout performances that set new standards in the global trading community:
- Largest Squad: Arena Tradingu formed the largest squad with 3,310 members.
- Top Individual Trader: The top individual trader secured a whopping $16.5 million in profits.
- Most Active Squad: Arena Tradingu executed a mind-blowing 13.8 million trades.
- Highest Trading Volume: Squad 852hoodoo achieved the highest trading volume of $6.9 billion.
- Longest Trading Streak: Kennel Capital established the longest trading streak of 22 consecutive days.
Setting a New Benchmark for Crypto Trading Competitions
Bybit’s WSOT 2024 has raised the bar for trading competitions, setting a new benchmark in terms of scale, accessibility, and community involvement. By bridging TradFi and DeFi, embracing decentralized trading, and supporting charitable causes, WSOT 2024 exemplifies Bybit’s mission to empower and inspire traders from all walks of life, marking a new era for cryptocurrency trading on a global scale.
#Bybit / #TheCryptoArk /
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.
For more details about Bybit, please visit Bybit Press
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Blockchain Press Releases
Notabene Raises $14.5M in Series B Funding Led by DRW VC to Drive the Future of Stablecoins and Payments
The rapid adoption of Notabene’s crypto payment authorization network, which has seen transaction volumes surge 10X in the past year, reflects the growing demand for compliant crypto payment solutions. This Series B round will help Notabene bring secure, transparent, and compliant crypto payments to more financial institutions, paving the way for stablecoins to revolutionize global finance.
NEW YORK, Nov. 12, 2024 /PRNewswire/ — Notabene, a leading provider of cryptocurrency compliance solutions, today announced it has raised $14.5 million in a Series B funding round led by DRW VC, with participation from funds managed by Apollo, NextBlock, ParaFi Capital, and Wintermute, along with existing investors CMT Digital, F-Prime, Green Visor Capital, Illuminate Financial, Jump Capital, Signature Ventures, and Y Combinator. The funding will accelerate Notabene’s mission to make crypto payments a part of the everyday global economy by fostering open, secure, and compliant transactions.
Regulators now require crypto companies such as exchanges, wallet providers, and payment processors to securely exchange information about sender and receiver, just like they already do in traditional payments. This so-called Travel Rule is now a requirement in most global financial centers.
Having already helped process half a trillion dollars worth of transactions, Notabene is the leading global platform and network for compliant crypto payments. By automating the secure transfer of sensitive data between institutions, Notabene simplifies this complex process that is virtually impossible for companies to implement independently.
Kimberly Trautmann, Partner and Head of DRW VC, the round’s lead investor, emphasized the significance of Notabene’s work in this emerging financial ecosystem:
“Notabene offers a comprehensive and efficient way to track and disclose who an asset is being sent to, which is critical for those who facilitate the exchange, transfer, safekeeping, and administration of virtual assets (Virtual Asset Service Partners or VASPs) and need to be compliant with the Travel Rule. We believe Notabene is positioned to be the provider-of-choice, as it allows users to achieve real-time compliance, is protocol agnostic and does not require exposing sensitive information to other market participants.”
Notabene is expanding its focus to support the growing number of traditional financial institutions moving into digital payments. With over $20T in stablecoin transactions processed last year, global adoption is on the rise and poised to be crypto’s long-awaited killer use case. The key to unlocking stablecoins’ potential as fast, low-cost, borderless payments is a secure and transparent system – one that’s open and not controlled by any single entity. Notabene offers the essential infrastructure for compliance, reconciliation, and safety, enabling open, interoperable payment networks that will drive the next wave of adoption.
Notabene’s CEO, Pelle Brændgaard, underscores the company’s vision for the future of payments:
“We’ve already established ourselves as a pioneer in Travel Rule compliance, and now, as regulatory clarity grows and adoption scales, we are positioned to do the same for payments. By enabling secure, compliant, and open digital asset transactions, we’re helping shape the next generation of global financial infrastructure. Our philosophy of building open networks to maximize reachability between transacting counterparties will be a key driver of adoption with both crypto-native organizations, as well as incumbent players in traditional finance that are showing an increased interest in digital assets and blockchain payment solutions.”
Notabene’s platform has seen a rapid 10x increase in transaction volumes over the past year, totaling nearly $500 billion in transaction volume—solidifying the company’s role as a trusted provider in the compliance space. With over 165 companies using the platform, including some of the largest virtual asset service providers (VASPs) globally such as Copper, Crypto.com, OKX, and Ramp, as well as working relationships with regulatory bodies across hundreds of global jurisdictions, Notabene has built the largest network of transacting counterparties in the market today.
Alexander Ross, General Partner, Head of NYC for investor Illuminate Financial, added:
“As the existing market leader for Travel Rule compliance, we believe Notabene has the potential to become the “SWIFT network for blockchain transactions.” There is a desperate need for a secure network to share all transaction metadata. This will enable compliance with global regulations and is a key pillar to unlocking mass adoption of stablecoins for payments. We have been working with the founders since 2021 and believe they are the best positioned to execute this vision.”
With this raise, Notabene is set to continue its mission to bring crypto and stablecoins into everyday global payments. It will help grow the industry’s only open compliant payments network to support more use cases and new market entrants.
“With $20 trillion in stablecoin transactions processed last year, stablecoins are emerging as the preferred method for fast, low-cost global payments,” said Pelle Brændgaard, Notabene CEO. “As regulatory clarity expands, traditional financial institutions are beginning to recognize stablecoins’ potential. Notabene’s role as a trusted compliance provider is critical to unlocking this potential and establishing stablecoins as a legitimate payment medium worldwide.”
About Notabene
Notabene is the leading crypto payment authorization network, enabling secure, transparent, and compliant transactions for financial institutions around the world. With a platform that facilitates transactions in over 80 jurisdictions, supports over 165 companies, and has processed half a trillion dollars in transaction volume, Notabene is setting the standard for compliant transactions in the digital asset space.
For more information, please visit Notabene.id.
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