Blockchain Press Releases
Mobile Artificial Intelligence Market to Hit $84.97 Billion by 2030: Grand View Research, Inc.
SAN FRANCISCO, July 26, 2023 /PRNewswire/ — The global mobile artificial intelligence market is anticipated to reach USD 84.97 billion by 2030, registering a CAGR of 26.9% from 2023 to 2030, according to a new report by Grand View Research, Inc. The market growth has been significant in recent years due to several factors. One of the major drivers augmenting the market is the increasing processing power of mobile devices. Modern smartphones and tablets have powerful processors and graphics processing units (GPUs) that can efficiently run AI algorithms and models.
Key Industry Insights & Findings from the report:
- The 10 nm technology node segment led the market in 2022, accounting for over 44.73% share of the global revenue. The growth is attributed to the prominent growth of smartphones and digitalization in the market
- The emergence of edge computing with increasing processing power of mobile devices, AI models can now be deployed on the device itself, rather than in the cloud. This is known as edge computing and allows for faster and more efficient processing of data
- The prominent growth of Augmented reality (AR) and the overlay of digital information on the real world is fueling the market growth. Mobile AI is being used to develop AR applications that can recognize objects and provide information about them in real-time
- North America had the largest revenue share of over 30.77% in 2022. Due to major investment in mobile AI in the region
Read full market research report with latest industry insights, “Mobile Artificial Intelligence Market Size, Share & Trends Report By Technology Node (7 nm, 10 nm, 20-28 nm And Others), By Application (Smartphones, Cameras, Drones), By Region, And Segment Forecast, 2023 – 2030“, published by Grand View Research.
Mobile Artificial Intelligence (AI) Market Growth & Trends
Another factor fueling the market growth of mobile artificial intelligence (AI) is the prominent availability of AI tools and frameworks. Many popular AI frameworks, such as TensorFlow, PyTorch, and Keras, have mobile versions that allow developers to build and deploy AI models on mobile devices. Mobile AI applications are used in healthcare, finance, education, and entertainment to improve efficiency, accuracy, and user experience. For instance, mobile AI analyzes medical images, detects fraud in financial transactions, and provides personalized learning experiences. Moreover, emerging data collection is also a significant factor in market growth. Mobile devices generate vast amounts of data, such as images, videos, and text, which can be used to train AI models. The growth of the Internet of Things (IoT) contributes to data availability by generating data from various sources, such as sensors and connected devices.
Overall, the growth of mobile AI is expected to continue as AI technology becomes more advanced and accessible and as mobile devices become more powerful and ubiquitous. It has the potential to transform various industries and improve the lives of people around the world, as its applications can be used in various domains. Some examples of mobile AI applications include speech recognition, image and video recognition, natural language processing, and predictive analytics.
Investments in various AI-based technologies have increased recently. This element is driving the global market for mobile AI. The rise in demand for processors with AI capabilities on a worldwide scale is another factor driving the market. Several nations’ governments are implementing various advantageous policies to support the start-up culture. This reason is increasing the need for mobile AI in the international market. Smartphones, Cameras, drones, AR/VR, automobiles, and robots are a few of the significant industries in which items from the market is used. Limited AI Experts and Expensive AI Processors are the two factors limiting industry expansion. In contrast, the potential includes prominent demand for Edge Computing in IoT and Low-Cost vision applications in mobile devices and AI chips for cameras.
Mobile Artificial Intelligence (AI) Market Report Scope
|
Report Attribute |
Details |
|
Market size value in 2023 |
USD 16.03 billion |
|
Revenue forecast in 2030 |
USD 84.97 billion |
|
Growth Rate |
CAGR of 26.9% from 2023 to 2030 |
|
Base year for estimation |
2022 |
|
Historical data |
2017 – 2021 |
|
Forecast period |
2023 – 2030 |
Mobile Artificial Intelligence Market Segmentation
Grand View Research has segmented the global mobile artificial intelligence market based on technology node, application, and region:
Mobile Artificial Intelligence (AI) Market – Technology Node Outlook (Revenue, USD Million, 2017 – 2028)
- 7 nm
- 10 nm
- 20-28 nm
- Others (12 nm and 14 nm)
Mobile Artificial Intelligence (AI) Market – Application Outlook (Revenue, USD Million, 2017 – 2028)
- Smartphones
- cameras
- Drones
- Automobile
- Robotics
- AR/VR
- Others (smart boards, Laptops, PCs)
Mobile Artificial Intelligence (AI) Market – Regional Outlook (Revenue, USD Million, 2017 – 2028)
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- U.K.
- Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- Kingdom of Saudi Arabiua
- UAE
- South Africa
List of Key Players of Mobile Artificial Intelligence (AI) Market
- Qualcomm
- Nvidia
- Intel
- IBM
- Microsoft
- Apple
- Huawei (Hisilicon)
- Alphabet (Google)
- Mediatek
- Samsung
- Cerebras Systems
- Graphcore
- Cambricon Technology
- Shanghai Thinkforce Electronic Technology Co., Ltd (Thinkforce)
- Deephi Tech
- Sambanova Systems
- Rockchip (Fuzhou Rockchip Electronics Co., Ltd.)
- Thinci
- Kneron
Check out more market research studies published by Grand View Research:
- Mobile Identity Management Market – The global mobile identity management market size is expected to reach USD 16.97 billion by 2030 and grow at a CAGR of 26.6% from 2023 to 2030, according to a recent report from Grand View Research, Inc. Mobile Identity Management (MIM) solutions are becoming increasingly important as more employees use mobile devices to access company data and applications. With the advent of mobile workforces and Bring Your Own Device (BYOD) regulations, MIM solutions provide organizations with a secure and practical approach to managing user identities and accessing company resources on mobile devices. The increased adoption of mobile devices and the necessity for safe access to corporate resources from these devices are projected to drive demand for MIM solutions. Furthermore, as more organizations migrate to cloud-based services, MIM solutions will safeguard access to such services.
- Mobile Content Management Market – The global mobile content management market size is expected to reach USD 12.29 billion by 2030 and expand at a CAGR of 22.2% from 2023 to 2030, according to a new study conducted by Grand View Research, Inc. The market is expected to grow with the rise of mobile devices in the workplace, businesses are coping to manage and secure these devices while also enabling workers to work quickly and collaboratively. BYOD policies, which allow employees to use personal devices for work purposes, are growing in popularity but pose security threats. To serve the expanding number of mobile internet users, organizations aim to produce, manage, and offer content that is optimized for mobile devices.
- Mobile Satellite Services Market – The global mobile satellite services market size is expected to reach USD 9.65 billion by 2030, expanding at a CAGR of 6.8% from 2023 to 2030, according to a new report by Grand View Research, Inc. Mobile Satellite Services (MSS) offer data and voice communication services by using satellites. Mobile satellite services are experiencing significant growth, driven by the increasing demand for reliable and secure connectivity in remote and hard-to-reach areas where terrestrial networks are limited.
Browse through Grand View Research’s Next Generation Technologies 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]
Web: https://www.grandviewresearch.com
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ABU DHABI, UAE, May 10, 2024 /PRNewswire/ — Venom, an innovative layer-0 and layer-1 blockchain network capable of hosting projects at massive scale, has continued to expand its offerings, this time forming a strategic partnership with KuCoin Ventures, the investment arm of KuCoin, a leading global crypto exchange.
The partnership follows on the heels of Venom’s launch into mainnet and the listing of the VENOM token on KuCoin.
One of the most anticipated new blockchain projects, the Venom network, has continued to make inroads across the blockchain industry following its launch into mainnet earlier this year. Venom has drawn attention due to its unique capabilities as both a layer-0 and layer-1 blockchain. The network is powered by Mesh technology, which allows it to communicate seamlessly and at great speed with other, independent networks.
Built to be capable of hosting massive platforms and projects, specifically global payment systems and CBDCs, Venom has emerged as one of the most promising new networks, with capabilities that could revolutionize what is possible in global commerce.
Now, the network has put itself in a prime position to further expand and integrate with other blockchain projects by reaching an agreement with KuCoin, one of the industry’s largest exchanges. KuCoin is one of the top-ten cryptocurrency exchanges with a daily trading volume of well over $500 million.
The new partnership would involve Venom receiving investment support for its VENOM token, while also providing enhanced visibility for projects integrated with the Venom blockchain on KuCoin. KuCoin Ventures will also provide support and resources during and after Venom projects on-boarding process.
Reached for comment on the new partnership, Venom Foundation CEO Christopher Louis Tsu had this to say: “This new partnership with KuCoin Ventures, the investment arm of KuCoin exchange, which is one of the industry’s largest and most important exchanges, marks a new chapter for the Venom network. This will open a lot of new doors for Venom and set the stage for collaborative work that will redefine this industry and allow Venom to reach its full potential. We are all very eager to see this come to fruition and what lies ahead for both us and KuCoin Ventures.”
About Venom:
Venom is a cutting-edge layer-0 and layer-1 network, seamlessly communicating and integrating with other independent networks through its innovative Mesh technology. The Venom ecosystem is anchored by a masterchain, which manages the overall network state and consensus, while workchains — an unlimited number of autonomous chains — host user accounts, smart contracts, and decentralized applications. Mesh technology revolutionizes inter-chain communication, optimizing interactions without compromising speed or unparalleled scalability. With a robust technology stack that ensures rapid finality, comprehensive security, stability, and user-friendly interfaces, Venom is the ideal network for hosting CBDCs and other large-scale platforms. Learn more at https://venom.foundation/
About KuCoin:
Launched in September 2017, KuCoin is a leading global cryptocurrency exchange with its operational headquarters in Seychelles. As a user-oriented platform with a focus on inclusiveness and community action reach, it offers over 800 digital assets and currently provides Spot trading, Margin trading, P2P Fiat trading, Futures trading, and Staking to its 30 million users in more than 200 countries and regions. In 2023, KuCoin was named one of the Best Crypto Exchanges by Forbes and recognized as a highly commended global exchange in Finder’s 2023 Global Cryptocurrency Trading Platform Awards.
Learn more at https://www.kucoin.com.
Contact for Venom foundation:
Email: [email protected]
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A new bill introduced in the U.S. House of Representatives, known as the Blockchain Integrity Act, seeks to address concerns surrounding the use of cryptocurrency mixers and tumblers. The proposed legislation aims to regulate these privacy-enhancing tools, which are often used to obscure the origins of cryptocurrency transactions.
The bill, if passed into law, would impose strict regulations on the operation of cryptocurrency mixers and tumblers within the United States. These tools, which allow users to mix their funds with those of other users to obfuscate the transaction trail, have raised concerns among law enforcement agencies and regulators due to their potential use in money laundering, terrorist financing, and other illicit activities.
Under the Blockchain Integrity Act, operators of cryptocurrency mixers and tumblers would be required to register with the Financial Crimes Enforcement Network (FinCEN) and comply with anti-money laundering (AML) and know-your-customer (KYC) regulations. Failure to register or comply with these requirements could result in significant penalties, including fines and imprisonment.
The proposed legislation also seeks to empower law enforcement agencies to investigate and prosecute individuals and entities that operate unregistered cryptocurrency mixers and tumblers. By enhancing regulatory oversight and enforcement capabilities, the bill aims to safeguard the integrity of the blockchain ecosystem and prevent the illicit use of cryptocurrencies.
However, critics argue that the Blockchain Integrity Act could stifle innovation in the cryptocurrency space and infringe on individuals’ privacy rights. They contend that while cryptocurrency mixers and tumblers can be used for illicit purposes, they also serve legitimate privacy-enhancing functions, such as protecting users’ financial privacy and security.
The introduction of the Blockchain Integrity Act reflects growing concerns among policymakers about the potential risks associated with cryptocurrencies and their use in illicit activities. As lawmakers continue to grapple with these issues, it remains to be seen how the regulatory landscape for cryptocurrencies will evolve in the United States and around the world.
Source: cointelegraph.com
The post Proposed US Blockchain Integrity Act would ban crypto mixers for 2 years appeared first on HIPTHER Alerts.
The government-owned KfW Bank, based in Germany, is delving further into its plans to issue digital bonds leveraging blockchain technology. This move underscores the institution’s commitment to exploring innovative financial solutions in the digital age.
The proposed digital bond issuance is poised to mark a significant milestone for KfW, as it seeks to embrace the transformative potential of blockchain technology. By tokenizing bonds on a blockchain platform, KfW aims to streamline the issuance process, enhance transparency, and optimize operational efficiency.
One of the key advantages of digital bonds lies in their potential to reduce the reliance on intermediaries and streamline the entire bond lifecycle. Through blockchain-based tokenization, KfW aims to automate various aspects of bond management, including interest payments and maturity settlements, thereby reducing the need for manual intervention and minimizing operational costs.
Moreover, digital bonds have the potential to enhance liquidity in the secondary market, allowing investors to trade bonds seamlessly on digital asset exchanges. This increased liquidity could attract a broader range of investors, thereby diversifying KfW’s investor base and potentially lowering borrowing costs.
In addition to the issuance of digital bonds, KfW is also exploring the integration of blockchain technology into other areas of its operations. By leveraging blockchain for various use cases, such as trade finance and supply chain management, KfW aims to unlock new efficiencies and drive greater transparency across its ecosystem.
Overall, KfW’s foray into blockchain-based digital bonds underscores its commitment to innovation and its recognition of the transformative potential of blockchain technology. As the institution continues to explore and implement blockchain solutions, it is poised to stay at the forefront of digital innovation in the financial sector.
Source: ledgerinsights.com
The post Government-owned KfW elaborates on blockchain digital bond plans appeared first on HIPTHER Alerts.
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