Blockchain Press Releases
Warehouse Robotics Market worth $10.5 billion by 2028 – Exclusive Report by MarketsandMarkets™
CHICAGO, July 18, 2023 /PRNewswire/ — The warehouse robotics market is expected to reach USD 10.5 billion by 2028 from USD 6.1 billion in 2023, at a CAGR of 11.4% during the 2023–2028 period according to a new report by MarketsandMarkets™. The major factor driving the market growth of the warehouse robotics is growing adoption of warehouse robotics by small- and medium-sized enterprises (SMEs) and rapid developments in robotics and artificial intelligence.
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Browse in-depth TOC on “Warehouse Robotics Market”
120 – Tables
60 – Figures
200 – Pages
Warehouse Robotics Market Report Scope:
|
Report Coverage |
Details |
|
Market Revenue in 2023 |
$6.1 billion |
|
Estimated Value by 2028 |
$10.5 billion |
|
Growth Rate |
Poised to grow at a CAGR of 11.4% |
|
Market Size Available for |
2019–2028 |
|
Forecast Period |
2023–2028 |
|
Forecast Units |
Value (USD Million/Billion) |
|
Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
|
Segments Covered |
By Type, Payload Kg, Function, Industry and Region |
|
Geographies Covered |
North America, Europe, Asia Pacific, and Rest of World |
|
Key Market Challenge |
Concerns regarding cybersecurity of Connected Robotics in the Industry 4.0 |
|
Key Market Opportunities |
Transformation of warehouses through the integration of industry 4.0 and warehouse robotics |
|
Key Market Drivers |
Rise in funding from venture capitalists in warehouse robotics |
AMRs by type to witness the highest CAGR of the warehouse robotics market during the forecast period.
Equipped with advanced sensors and software, AMRs can safely and efficiently transport goods, fulfill orders, and manage inventory. Their flexibility and scalability make them an appealing choice for warehouses seeking to optimize operational efficiency and adapt to evolving market demands. Autonomous mobile robots make processes and workflows more efficient and productive. AMRs do not require route planning as they will move efficiently and safely through a given space on their own. Mobile Robots use a complex array of sensors, artificial intelligence, machine learning, and computing for path planning to interpret and move around their environment without colliding with obstacles and selecting the most efficient route.
Transportation by function is anticipated to capture the largest market share in the warehouse robotics market.
By automating transportation tasks, these robots streamline operations, enhance productivity, and minimize human intervention, leading to improved efficiency in warehouse management. Manufacturing companies, third-party logistics providers, and independent warehouse operators are increasingly relying on efficient inbound and outbound transportation to remain competitive in the market. In a demanding warehouse and distribution environment, the internal transportation of goods and products needs to be done efficiently and cost-effectively.
20-100kg segment by payload capacity to dominated warehouse robotics industry during forecast period.
Robots with payload capacity ranging from 20 kg to 100 kg are used in warehouse operations because of their compact size and high utility. Articulated, cartesian, collaborative, SCARA, and mobile robots are examples of some of the robots that fall into this category. Advancements in navigation systems and collaborative features have further driven their adoption by enhancing safety and facilitating seamless human-robot interaction in warehouse environments.
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Asia Pacific is expected to register the highest CAGR during the forecast period in the warehouse robotics market.
The economic growth of Asia Pacific has increased the use of warehouse robotics in the manufacturing and retail industries. The increase in the number of production facilities and rising domestic demand for products are the major factors driving the growth of the warehouse robotics market in the region and have boosted market growth.
The report profiles key players in warehouse robotics companies such as Daifuku Co., Ltd. (Japan), KION GROUP AG (Germany), KUKA AG (Germany), ABB (Switzerland), FANUC CORPORATION (Japan), Geekplus Technology Co., Ltd. (China), GreyOrange (US), TOYOTA INDUSTRIES CORPORATION (Japan), Omron Corporation (Japan), JBT (US) and Honeywell International Inc. (US).
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About MarketsandMarkets™
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. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. 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 work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
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Blockchain Press Releases
Binance Labs Backs Movement Labs’ Mission to Bring ‘Move Everywhere’ with Investment
- Undisclosed Investment From Binance Labs Follows Movement’s $38M Series A Funding Round
SAN FRANCISCO, May 1, 2024 /PRNewswire/ — Movement Labs, a San Francisco-based blockchain development team, today announced an investment from Binance Labs. These investments closely follow Movement Labs’ successful $38m Series A funding round as the company continues to gain momentum in its mission to bring ‘Move Everywhere.’
Founded in 2022, Movement is building an ecosystem of Modular Move-based blockchains, starting with M2, the first Move Virtual Machine L2 for Ethereum. Movement will use the funds to expand its suite of open-source tooling, frameworks, and protocols to facilitate the adoption of the Move programming language across broader blockchain ecosystems. With Movement, developers can launch secure, performant, and high-throughput Move VM rollups as easily as they do smart contracts.
As part of its global expansion strategy, Movement Labs is placing a strong emphasis on the Asia-Pacific (APAC) region, recognizing the immense potential and talent within the Move development community. The company is committed to championing and supporting Asian Move developers, providing them with the resources, education, and opportunities needed to showcase their exceptional work and contribute to the growth of the Move ecosystem.
“We are thrilled to welcome Binance Labs as an investor,” said Rushi Manche, Co-Founder of Movement Labs. “Their support and expertise will be invaluable as we continue to execute our ‘Move Everywhere’ strategy, starting with a focus on the vibrant and innovative APAC market. By empowering and collaborating with the talented Move developers in the region, we aim to accelerate the adoption of Move and unlock new possibilities for the entire ecosystem.”
For more information about Movement Labs and a guide to participate in its devnet, please visit: movementlabs.xyz and follow on X @movementlabsxyz and on Discord. Connect with us at movementlabs.xyz to discuss global business opportunities.
About Movement Labs:
Co-founders, Rushi Manche and Cooper Scanlon, early builders in the Move ecosystem, founded Movement Labs in 2022 as the first integrated blockchain network, powering the fastest and most secure Layer 2 on Ethereum. Designed to pair smart contract security and parallelization with EVM liquidity and user bases, Movement is bringing the MoveVM to Ethereum through its flagship L2 and connected rollups with the Move Stack.
About Binance Labs
As the venture capital arm and accelerator of Binance, Binance Labs has now grown to be worth over $10 billion. Its portfolio covers 250 projects from over 25 countries across six continents and has a return on investment rate of over 14X. Fifty of Binance Labs’ portfolio companies are projects that have gone through our incubation programs. For more information, follow Binance Labs on X.
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Blockchain Press Releases
Discover Move Move Coin: Is This the Next Sports Blockchain for Your Workout?
SINGAPORE, May 1, 2024 /PRNewswire/ — MMC Foundation Singapore is excited to announce the launch of Move Move Coin (MMC), the first-of-its-kind blockchain sports project designed to transform how we think about fitness and technology. This pioneering initiative is set to merge health with high-tech, promoting nationwide fitness through the innovative use of Web3 technology.
Transforming National Fitness with Blockchain
By integrating physical activity with blockchain, MMC creates a unique ecosystem where exercise translates directly into MMC computing power. Participants can engage in the MMC exercise plan, turning their workouts into tangible incentives for every physical activity.
Move Foundation’s mission is to ignite a passion for sports across the nation by offering a cutting-edge, enjoyable sports ecosystem. With the introduction of MMC, the vision is to position it as the leading global initiative for national sports programs powered by Web3 technology, setting a precedent for future sports blockchain projects.
Why You Should Move With MMC Foundation
MMC lies in a dynamic system that transforms physical activity into tangible rewards. Participants can enhance their fitness routines while simultaneously generating MMC computing power, a novel approach that earns them MMC encrypted assets. This unique feature leverages the dual benefits of health and technology, offering an incentive that goes beyond traditional fitness rewards.
The integration of NFT technology with sports equipment not only personalizes the user experience but also amplifies the benefits received from workouts. By purchasing NFTs that represent various pieces of sports gear, users can increase their MMC accumulation, thus adding a layer of customization and value to their exercise regimen.
To safeguard the integrity and longevity of NFT assets, MMC Foundation employs the IPFS network for storage, ensuring decentralized, reliable access worldwide. Looking ahead, MMC Foundation is set on expanding MMC’s footprint globally, collaborating with other blockchain ecosystems for seamless asset circulation and exchange, and positioning itself as a leader in the sports blockchain market.
The Global Vision for MMC Foundation
The future of the MMC project is marked by an ambitious global expansion strategy. This involves not only widespread promotion across various markets but also strategic partnerships with other blockchain ecosystems. These collaborations are essential for facilitating the cross-chain circulation and exchange of assets, enhancing the interoperability and reach of the MMC ecosystem.
MMC Foundation is also committed to a robust global marketing drive aimed at establishing the project as a top-tier brand within the sports blockchain industry. By actively promoting and aligning with international sports and fitness communities, MMC Foundation aims to create a widely recognized presence worldwide.
About Move Move Coin
Move Move Coin (MMC) is a solution initiated by the MMC Foundation in Singapore that utilizes Web3 technology to encourage and motivate nationwide physical fitness activities. MMC operates as a token rewards and blockchain-driven system, allowing participation in token mining through devices like smartphones and smartwatches for activity monitoring.
For more information, please visit:
- Official Website: movemovecoin.com
- Blockchain Explorer: mmcscan.com
- Whitepaper: https://doc.movemovecoin.com/zh-cn
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MicroStrategy has increased its Bitcoin holdings to 214,400 BTC with a recent purchase of $7.8 million worth of the cryptocurrency. This move further solidifies MicroStrategy’s position as a major institutional holder of Bitcoin and demonstrates its continued bullish outlook on the digital asset.
MicroStrategy, a publicly traded business intelligence firm, has been actively accumulating Bitcoin as part of its treasury strategy, viewing the cryptocurrency as a long-term store of value and hedge against inflation. The recent purchase of $7.8 million worth of Bitcoin adds to the company’s already substantial holdings, reaffirming its confidence in the future potential of the digital currency.
MicroStrategy’s ongoing accumulation of Bitcoin reflects a broader trend of institutional adoption and investment in the cryptocurrency space. As more companies recognize the value proposition of Bitcoin as a hedge against economic uncertainty and fiat currency devaluation, they are increasingly allocating funds to acquire and hold the digital asset.
Overall, MicroStrategy’s decision to boost its Bitcoin holdings with a $7.8 million purchase underscores the company’s conviction in the long-term viability and potential of Bitcoin as a strategic asset. This move is likely to further encourage other institutions to explore Bitcoin as a component of their investment portfolios, driving continued growth and adoption in the cryptocurrency market.
Source: crypto.news
The post MicroStrategy boosts Bitcoin holdings to 214,400 BTC with $7.8m purchase appeared first on HIPTHER Alerts.
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