Artificial Intelligence Market will be US$ 284.40 Billion by 2026

Today, artificial intelligence platform has become a way for computer systems to perform tasks like human intelligence including decision-making and speech recognition. Globally, problem-solving, social intelligence and general intelligence is being achieved with the help of the artificial intelligence platform. Moreover, rising high-level computer languages is helping various industries to work efficiently on the artificial intelligence platform. According to the Renub Research, Global Artificial Intelligence Market will be US$ 284.40 Billion by 2026.

Artificial Intelligence Market, By Solution, Companies, Forecast

By Solution

Artificial Intelligence Market revolves around hardware, software and services. In recent years, artificial intelligence services are at the forefront of all innovations and will continue to remain so during the forecast years. Artificial intelligence services cover installation, integration, maintenance & support projects. With the escalating abundance of enterprises and competition, companies have rigorously integrated artificial intelligence (AI) technology into their services. For instance, the BFSI industry has increasingly adopted artificial intelligence services to enhance operational efficiency and enable a rich consumer experience.

Besides, software solutions promise advancements in information storage capacity, high computing power, and parallel processing capabilities to achieve high-end artificial intelligence software in dynamic end-use verticals. Notwithstanding, artificial intelligence software solutions include libraries for designing and deploying artificial intelligence applications, such as linear algebra, primitives, inference, video analytics, sparse matrices, and multiple hardware communication capabilities. As per our analysis, Global Artificial Intelligence Industry is anticipated to expand at a tremendous CAGR of 29.44% during the forecast period 2020-2026.

By Chip Type

Artificial intelligence includes chipsets such as Graphics Processing Unit (GPU), Application-Specific Integrated Circuit (ASIC), Field-Programmable Gate Array (FPGA) and Central Processing Unit (CPU). An application-specific integrated circuit (ASIC) dominates the artificial intelligence chip segment, specially built for a specific application or purpose. It is specifically designed for a particular application compared to a logic device or a standard logic integrated circuit. It has also been made smaller, and it uses less electricity.

The artificial intelligence market inculcates machine learning, natural language processing, image processing, and speech recognition by technology. Machine learning covers notable investments in artificial intelligence. It covers both artificial intelligence platforms and cognitive applications, including tagging, clustering, categorization, hypothesis generation, alerting, filtering, navigation, visualization, facilitating advisory, intelligent, and cognitively equipped solutions. As per our estimation, Worldwide Artificial Intelligence Market Size was US$ 60.46 Billion in 2020.

Geographic Analysis of Artificial Intelligence Trends

The worldwide artificial intelligence market is segmented into North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa. North America is a significant contributor owing to rising government initiatives and investments in the market. Further, in the Asia Pacific, China demonstrates increasing investments in artificial intelligence technology to provide robust results. Likewise, India can gain traction due to the government’s pilot project to implement artificial intelligence in the agriculture and healthcare industries. The rest of Asia Pacific countries like Bangladesh, Vietnam, and Indonesia are also expected to grow at a good pace.

Company Analysis

Globally, artificial intelligence vendors have implemented various types of organic and inorganic growth strategies, such as new product launches, product upgrades, alliances and affiliations, mergers and acquisitions to strengthen their offerings in the market. The major companies in the global Artificial Intelligence market include Google Inc., IBM Corp., Microsoft Corporation, Baidu Inc., Xilinx, Inc., Cisco Systems, Inc., Nvidia Corporation and Intel Corporation.

COVID-19 Analysis

Although the novel coronavirus outbreak pandemic has caused a massive impact on businesses and humankind. Still, the pandemic has emerged as an opportunity for Artificial Intelligence Market to fight against the epidemic. Numerous tech giants and start-ups are operating on barring mitigating and containing the virus. Furthermore, the COVID-19 outbreak is foreseen to spur the market germination of next-generation tech domains, including artificial intelligence, owing to the mandated work-from-home (WFH) policy due to this pandemic.

Also, tech companies are extending their product offerings and assistance to broaden availability across the globe. For instance, in April 2020, Google LLC launched an AI-enabled chatbot called Rapid Response Virtual Agent concerning call centres. This chatbot is created to respond to concerns customers might be experiencing due to the COVID-19 outbreak over voice, chat, and other social channels.

Renub Research latest report “Artificial Intelligence Market, Global Forecast By Solution (Hardware, Software and Services), Technology (Machine Learning, Image Processing, Natural Language Processing and Speech Recognition), Chip Type (Graphics Processing Unit (GPU), Application Specific Integrated Circuit (ASIC), Field-Programmable Gate Array (FPGA), Central Processing Unit (CPU), Others), Region (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa), Companies (Google Inc., IBM Corp., Microsoft Corporation, Baidu Inc., Xilinx, Inc., Cisco Systems, Inc., Nvidia Corporation and Intel Corporation)” provides a detailed analysis of Global Artificial Intelligence Industry.

Request a Free Sample Copy of the Report:https://www.renub.com/request-sample-page.php?gturl=artificial-intelligence-market-p.php

Solution – Global Artificial Intelligence Market has been covered from 3 viewpoints:

  1. Hardware
  2. Software
  3. Services

Technology – Global Artificial Intelligence Market has been covered from 4 viewpoints:

  1. Machine Learning
  2. Natural Language Processing
  3. Image Processing
  4. Speech Recognition

Chip Type – Global Artificial Intelligence Market has been covered from 5 viewpoints:

  1. Graphics Processing Unit (GPU)
  2. Application-Specific Integrated Circuit (ASIC)
  3. Field-Programmable Gate Array (FPGA)
  4. Central Processing Unit (CPU)
  5. Others

Region – Global Artificial Intelligence Market has been covered from 5 viewpoints:

  1. North America
  2. Europe
  3. Asia-Pacific
  4. Latin America
  5. Middle East and Africa

Company Insights:

• Overview
• Recent Development & Strategies
• Financial Insight

Company Analysis

  1. Google Inc.
  2. IBM Corp.
  3. Microsoft Corporation
  4. Baidu Inc.
  5. Xilinx, Inc.
  6. Cisco Systems, Inc.
  7. Nvidia Corporation
  8. Intel Corporation

About the Company:

Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food & Beverages, Power & Energy, Information Technology, Telecom & Internet, Chemical, Logistics & Automotive, Consumer Goods & Retail, Building and Construction, & Agriculture. Our clients rely on our market analysis and data to make informed knowledgeable decisions. We are regarded as one of the best providers of knowledge. Our pertinent analysis helps consultants, bankers and executives to make informed and correct decisions.

Our core team is comprised of experienced people holding graduate, postgraduate and PhD degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science and many more. Our research helps to make business decisions: on strategy, organization, operations, technology, mergers & acquisitions etc. We support many blue chip companies by providing them with findings and perspectives across a wide range of markets. Our research reports offer a blend of information insight, analysis and forecasting that is essential in today’s ultra-competitive markets.

Contact Us:
Renub Research
Phone No: +1 678–302–0700 (USA) | +91–120–421–9822 (IND)
Email: info@renub.com
Web: https://www.renub.com
Follow on Linkedin: https://www.linkedin.com/company/renub-research

Point of Sale Terminal Market will reach US$ 109.27 Billion by 2027

Worldwide, the rapid growth of digital technology in the past few years has expanded the point of sale terminal from just a sales portal into comprehensive payment processing systems that became an integrated part of the entire business operations. A POS terminal is computer software and hardware that manages the transaction by selling a product or a service. It helps to capture, share, store and report data related to the selling transaction. It eases the shopping experience and serves to expedite the checkout process, resulting in customer satisfaction.

Point of Sale Terminal Market, By Application, Companies, Forecast

Moreover, the rising financial frauds worldwide have demanded POS terminals. The government’s adoption has supported the vision of bringing a cashless economy worldwide, owing to the hassle-free payment option, online payment without cash and reduced waiting time in queue. With the changing technologies in credit debit cards, contactless payment became famous for making a quick purchase without entering a PIN; POS has witnessed increased adoption rates. According to Renub Research, Point of Sale Terminal Market will reach US$ 109.27 Billion by 2027.

Based on Applications

POS terminal segmented into fixed and mobile. Fixed systems hold the largest market share; large-scale vendors prefer it mainly due to high procurement and installation costs. With the rising mobility trends across the world, mobile Point of Sale Terminal systems is gaining traction. These terminals allow ease of payments during avoiding loss of sales due to delays, busy hours and helps in improving customer satisfaction. As per this report, the Point of Sale Terminal Industry will grow with a CAGR of 10.15% from 2020 to 2027.

Further, Point of Sale Terminal systems facilitates transactions from businesses’ central component to manage the inventories and payments in large end-user industries. Such as restaurants, healthcare, retail, hospitality, warehouse, distribution, and entertainment. POS systems are ubiquitous in the retail business world for their considerable benefits. A Point of Sale Terminal system in-store is essential as contactless payments have become popular among consumers who favour touch-free card payments. The Healthcare sector is owing to the growing need for managing patient information, smooth payment process, and tracking employee statistics.

Regional Analysis of POS Industry

North America has witnessed notable growth in the Point of Sale Terminal industry. With cloud-based apps on the rise and to replace machine resident programs with proven hybrid multifunction configurable POS systems, like POS-n-go, has met the business needs in U.S. retail brand outlets, such as Wal-Mart, Costco Wholesale Corporation etc. Besides, a surge in digital payment technologies in the Asia Pacific has created a pool of opportunities for POS in countries such as China, Japan, and India. As per this report, Point of Sale Terminal Market Size was US$ 55.53 Billion in 2020.

COVID-19 Impact on the point of Sale Terminal Industry

The novel coronavirus outbreak has adversely impacted global manufacturing, demand, supply chain activities. This pandemic has completely disrupted the Industries like Hospitality, Tourism, Restaurants, and Entertainment POS market. Whereas Healthcare, Retail, Warehouse segment POS market has shown growth. However, overall, 2020 was not a very pleasing year for POS Industry. But the future seems to be very promising, with double-digit CAGR growth from 2020 to 2027.

POS Companies Performance

The POS terminals market is highly fragmented with a high number of players such as NCR Corporation, Ingenico Group (acquired by Worldline), Fujian Newland Payment Technology Co. Ltd., Diebold Nixdorf, Inc., and PAX Technology, Inc. For Instance – In 2020, Ingenico combined Apple Pay Support for loyalty programs to encourage consumer engagement with merchants.

Renub Research latest report “Point of Sale Terminal Market By Application (Fixed and Mobile), Component (Hardware, Services, Software), End-User (Restaurants, Healthcare, Retail, Hospitality, Warehouse and Distribution and Entertainment and Others), Region ( North America, Asia Pacific, Europe, Latin America, Middle East & Africa), Company (NCR Corporation, Ingenico Group (acquired by Worldline), Fujian Newland Payment Technology Co. Ltd., Diebold Nixdorf, Inc., and PAX Technology, Inc.)” provides a detailed analysis of Point of Sale Terminal Industry

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Application – Point of Sale Terminal Market has been covered from 2 viewpoints:

  1. Fixed
  2. Mobile

Component – Point of Sale Terminal Market has been covered from 3 viewpoints:

  1. Hardware
  2. Services
  3. Software

End-User – Point of Sale Terminal Market has been covered from 7 viewpoints:

  1. Restaurants
  2. Hospitality
  3. Healthcare
  4. Retail
  5. Warehouse/Distribution
  6. Entertainment
  7. Others

Region – Point of Sale Terminal Market has been covered from 5 viewpoints:

  1. North America
  2. Europe
  3. Asia Pacific
  4. Latin America
  5. Middle East & Africa

Company Insights:

• Overview
• Company Initiatives
• Sales Analysis

Companies Covered:

  1. NCR Corporation
  2. Ingenico Group (acquired by Worldline)
  3. Fujian Newland Payment Technology Co. Ltd.
  4. Diebold Nixdorf, Inc.
  5. PAX Technology, Inc.

About the Company:

Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food & Beverages, Power & Energy, Information Technology, Telecom & Internet, Chemical, Logistics & Automotive, Consumer Goods & Retail, Building and Construction, & Agriculture. Our clients rely on our market analysis and data to make informed knowledgeable decisions. We are regarded as one of the best providers of knowledge. Our pertinent analysis helps consultants, bankers and executives to make informed and correct decisions.

Our core team is comprised of experienced people holding graduate, postgraduate and PhD degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science and many more. Our research helps to make business decisions: on strategy, organization, operations, technology, mergers & acquisitions etc. We support many blue chip companies by providing them with findings and perspectives across a wide range of markets. Our research reports offer a blend of information insight, analysis and forecasting that is essential in today’s ultra-competitive markets.

Contact Us:
Renub Research
Phone No: +1 678–302–0700 (USA) | +91–120–421–9822 (IND)
Email: info@renub.com
Web: https://www.renub.com
Follow on Linkedin: https://www.linkedin.com/company/renub-research

Video Surveillance Market will be US$ 112.23 Billion by 2027

Over a decade, video surveillance systems have been a thriving part of security industry. In the last few years, the Internet of Things (IoT) devices have further expanded the video surveillance industry’s popularity. Video surveillance systems such as Analog, IP, and Hybrid support security personnel in monitoring and tracking activities. It incorporates one or more video cameras on a network that sends the captured video or audio information to a particular place. The captured images are live controlled or transmitted to a central location for recording and storage. The Global Video Surveillance Market is expected to reach US$ 112.23 Billion by 2027.

video surveillance market 2020 – 2027

The video surveillance systems are found everywhere; they are used in smart cities for many urban services, including hospitals, transportation and traffic, water supply, power plants, waste management, and law enforcement. Overall the smart infrastructure demands video surveillance systems. According to Statista, the revenue from smart city infrastructure will grow to US$ 100 Billion in 2025. As a result, the rise in the number of smart city infrastructure is anticipated to propel the growth of the video surveillance industry.

Based on components, the video surveillance market is segmented into Services, Hardware and Software. The hardware category holds the largest market share; it includes recorders, cameras, and storage devices. Despite the high cost, there is a thriving demand for advanced hardware with embedded video analytics solutions and deep-learning applications. As per our research findings, the Global Video Surveillance Industry will grow with a CAGR of 12.92% by 2020-2027.

Globally, there is a massive demand for video surveillance in end-user verticals such as Commercial, Military & Defense, Residential, Industrial, Public facilities and others. In the public sector, analogue security cameras are installed at several places, such as healthcare buildings, educational buildings, government buildings, religious buildings, and transportation infrastructure (roads and traffic junctions). The use of analogue security cameras for video surveillance systems improves situational awareness, prevents untoward incidents, and simplifies response to emergencies.

Moreover, the government sector has increased the adoption of advanced surveillance, and manufacturers have realized the need for optimum IP surveillance systems. New high definition (HD) and megapixel IP cameras are used in small businesses. It captures images in great detail, enabling the small business owner to protect people and assets effectively.

Worldwide, North America is the largest regional video surveillance market due to several industry participants. In the United States, after the 9/11 terror attacks, there has been a significant rise in the demand for adequate security and surveillance system. The Asia Pacific is anticipated to gain market share over the forecast period, mainly due to the growing installation of surveillance devices in China and India and increased infrastructure spending in the region. The Worldwide Video Surveillance Market Size was US$ 47.93 Billion in 2020.

COVID-19 pandemic has subsequently affected the financial conditions of the companies operating in the video surveillance industry. As there was lockdown in many countries and even after opening there was the frequent closer of the economy. In the year 2020, most of the month’s economy has operated in a partial manner. All these factors have affected the video surveillance industry. However, we believe the worst is over, and in the coming future, the video surveillance market will grow with a double-digit CAGR.

Key market players include Honeywell, Bosch’s, Schneider Electric, FLIR Systems, and Dahua Technology. Bosch released the new Essential Video Analytics enabled FLEXIDOME IP 3000i Series in 2021.

Renub Research latest report “Video Surveillance Market, Global Forecast by Component (Hardware, Software and Services), System Type (Analog, IP, and Hybrid), Enterprise Size (Small, Medium, large), End-Use Verticals (Public facilities, Commercial, Military & Defense, Residential, Industrial and others), Region (North America, South America, Europe, Asia Pacific, Middle East & Africa), Company (Honeywell, Bosch’s, Schneider Electric, FLIR Systems, and Dahua Technology)” Provides a detailed analysis of Global Video Surveillance Market.

Request a Free Sample Copy of the https://www.renub.com/request-sample-page.php?gturl=video-surveillance-market-p.php

Component – Market has been covered from 3 viewpoints:

  1. Hardware
  2. Software
  3. Services

System Type – Market has been covered from 3 viewpoints:

  1. Analog
  2. IP -Surveillance
  3. Hybrid

Enterprise Size – Market has been covered from 3 viewpoints:

  1. Small
  2. Medium
  3. Large

End-Use Verticals – Market has been covered from 6 viewpoints:

  1. Public Facility
  2. Commercial
  3. Military & Defense
  4. Residential
  5. Industrial
  6. Others

global video surveillance market

Region – Market has been covered from 5 viewpoints:

  1. North America
  2. South America
  3. Europe
  4. Asia Pacific
  5. Middle East & Africa

Company Insights:

• Overview
• Company Initiatives
• Sales Analysis

Companies Covered:

  1. Honeywell
  2. Bosch’s
  3. Schneider Electric
  4. FLIR Systems
  5. Dahua Technology

About the Company:

Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food & Beverages, Power & Energy, Information Technology, Telecom & Internet, Chemical, Logistics & Automotive, Consumer Goods & Retail, Building and Construction, & Agriculture. Our clients rely on our market analysis and data to make informed knowledgeable decisions. We are regarded as one of the best providers of knowledge. Our pertinent analysis helps consultants, bankers and executives to make informed and correct decisions.

Our core team is comprised of experienced people holding graduate, postgraduate and PhD degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science and many more. Our research helps to make business decisions: on strategy, organization, operations, technology, mergers & acquisitions etc. We support many blue chip companies by providing them with findings and perspectives across a wide range of markets. Our research reports offer a blend of information insight, analysis and forecasting that is essential in today’s ultra-competitive markets.

Contact Us:
Renub Research
Phone No: +1 678–302–0700 (USA) | +91–120–421–9822 (IND)
Email: info@renub.com
Web: https://www.renub.com
Follow on Linkedin: https://www.linkedin.com/company/renub-research

Workforce Management Software Market will reach US$ 10.64 Billion by 2027

In the modern era, with the advancement in technology and the growing popularity of workforce management solutions becomes an increasingly more important tool for business processes to centralize resource usage data and better plan future utilization. Workforce Management (WFM) software offers a set of integrated approaches that enable organizations to optimize their employees’ productivity. By effectively forecasting labor requirements and creating & managing staff schedules to accomplish a specific task on a day-to-day and hour-to-hour basis. Further, the increasing popularity of cloud-based solutions and the Growing Trend of AI and Machine Learning are major driving factors for the expanding penetration of smart and connected devices and the growing focus on workforce optimization, thus driving WFM software market growth. According to Renub Research, The Workforce Management Software Market will reach US$ 10.64 Billion by 2027.

Based on Deployment Type

The Workforce Management software market includes On-Premise, Cloud and Hybrid. Cloud holds the largest market share. Cloud-based solutions are automated and can provide self-service, which reduces the load of labor-intensive tasks. In addition, the on-premise software market remains important as medium-sized and large enterprises maintain workforce management and existing back-office software until contracts run out and they have an entire digital transformation strategy.

Besides, rapid adoption of workforce management in the Education, Healthcare, Retail, IT & Telecom, BFSI, Manufacturing and Government industries to reduce process times, increase customer satisfaction, and offer a high return on investment are factors supporting high growth. Key vendors also focus on strengthening their channel partner ecosystems to improve indirect sales for enhanced business growth. As per this report, Workforce Management Software Industry will grow with a CAGR of 7.82% during 2020 – 2027.

Regional Analysis Workforce Management Software Industry

North America is the leading region in adopting workforce management solutions and services by enabling effective work schedules, business processes, labor costs, and talent management. In the US, Workforce Management software is becoming increasingly important for organizations to keep their workforce motivated and organized to ensure optimal productivity, which is vital while keeping abreast of changing times. ADP INC, Huntington Business Systems, Kronos Incorporated, Nice Systems Ltd, and Oracle.

Moreover, Europe is witnessing significant investment in the deployment of workforce scheduling software, especially in the healthcare, Manufacturing, Travel & Transport, and Retail sector. The increasing deployment of cloud solutions primarily drives workforce management adoption in Germany. Increasing automation across Germany’s manufacturing sector is significantly demanding for workforce management solutions. The Workforce Management Software Market Size was US$ 6.28 Billion in 2020.

Impact of COVID-19 on Workforce Management Software Industry

COVID 19 pandemic has positively impacted the WFM software market, fostering digitization and automation across the manufacturing sectors globally. The lockdown and physical distancing mandates required to control the COVID 19 spread forced many organizations to let their employees work from home. WFH or remote work location mandates show how important it is to have an online system to manage employees in real-time and accurate information.

workforce management software industry

Key Players of WFM Software Market

Market players such as ADP INC, Huntington Business Systems, Kronos Incorporated, Nice Systems Ltd, and Oracle collaborate with key players, product innovation, acquisitions partnerships, and strengthening regional and global distribution networks. In 2021, NICE Introduces NTR-X, Next Generation Cloud-Based Compliance Solution for Omnichannel Trade Recording Management.

Renub Research latest report “Workforce Management Software Market, Global Forecast by Organization Size (Large, Small & Medium) by Application (Education, Healthcare, Retail & Ecommerce, IT & telecom, BFSI, Manufacturing and Government) by Deployment Type (On-Premise, Cloud and Hybrid) by Component (Software, service) by Region ( North America, Europe, Asia pacific, MEA, Latin America) by Companies (ADP INC, Huntington Business Systems, Kronos Incorporated, Nice Systems Ltd, and Oracle)” Provides a detailed analysis of Workforce Management Software Market.

Request a Free Sample Copy of the https://www.renub.com/request-sample-page.php?gturl=workforce-management-software-market-p.php

Organization Size–Workforce Management Software Market

  1. Large
  2. Small & Medium

Application – Workforce Management Software Market Security Services

  1. BFSI
  2. Manufacturing
  3. Healthcare
  4. Government
  5. Retail & Ecommerce
  6. IT & Telecom
  7. Education
  8. Others

Deployment Type – Workforce Management Software Market

  1. On-Premise
  2. Cloud
  3. Hybrid

Component- Workforce Management Software Market

  1. Software
  2. Services

workforce management software market size

Region – Workforce Management Software Market

  1. North America
  2. Europe
  3. Asia Pacific (APAC)
  4. Middle East & Africa (MEA)
  5. Latin America

Company Insights:

• Overview
• Company Initiatives
• Sales Analysis

Companies Covered:

  1. ADP INC
  2. Huntington Business Systems
  3. Kronos Incorporated
  4. Nice Systems Ltd
  5. Oracle

About the Company:

Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food & Beverages, Power & Energy, Information Technology, Telecom & Internet, Chemical, Logistics & Automotive, Consumer Goods & Retail, Building and Construction, & Agriculture. Our clients rely on our market analysis and data to make informed knowledgeable decisions. We are regarded as one of the best providers of knowledge. Our pertinent analysis helps consultants, bankers and executives to make informed and correct decisions.

Our core team is comprised of experienced people holding graduate, postgraduate and PhD degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science and many more. Our research helps to make business decisions: on strategy, organization, operations, technology, mergers & acquisitions etc. We support many blue chip companies by providing them with findings and perspectives across a wide range of markets. Our research reports offer a blend of information insight, analysis and forecasting that is essential in today’s ultra-competitive markets.

Contact Us:
Renub Research
Phone No: +1 678–302–0700 (USA) | +91–120–421–9822 (IND)
Email: info@renub.com
Web: https://www.renub.com
Follow on Linkedin: https://www.linkedin.com/company/renub-research

China Online Gaming Market will reach to US$ 86 Billion by 2027

The fading boundary between the online game and real life is changing the online gaming industry in China. Video and online games are quickly changing culture and are creating a synthetic world. There has been a unique culture that evolved around the Chinese online gaming world. In China, online gaming, internet users are considered equivalent to the TV shows for American baby boomers. Chinese companies designed online game is getting more popular among users worldwide. According to Renub Research, China Online Gaming Market will reach to US$ 86 Billion by 2027.

Due to the surging popularity of online games in China, companies worldwide are entering the market by acquiring Chinese companies’ share or taking sponsorships of professional players. The popularity of eSports is one of the main reasons for the growth of the gaming industry in China as many players participate in gaming competition that is also broadcasted online. As per this research study, China Online Gaming Industry will grow with a CAGR of 5.79% during 2020-2027.

China is one of the most gainful markets for the gaming industry globally. The online gaming market has appeared as the most influential and transforming segment in China. It has been witnessing a series of developments driven by increasing Internet and broadband infiltration, double-digit growth in online gaming users, rapid product development and commercialization. The rise of Chinese online gamers’ per capita income has reinforced the china online gaming market significantly. As per our research findings, the Online Games Market in China was valued US$ 58 Billion in 2020.

Furthermore, 5G technologies have also given rise to the mobile-based VR gaming market in the Chinese region. In May 2020, Archiact had a partnership with Migu, a telecom provider China Mobile subsidiary, for Archiact’s games that would be the first VR games to be playable via Migu’s 5G cloud gaming platform, named as Migu Quick Gaming.

Mobile Online Games dominates the Online Games Market in China and is expected to witness significant demand during the forecast period. Besides due to the outbreak of the COVID-19 pandemic, the market has seen relatively higher growth. With a large consumer base in the mobile online game market, specifically between the age range of 13–20 years with good internet connectivity, the adoption of numerous new games are expected to increase, thereby turning the mobile-based device into a powerful gaming platform. We have covered companies like Tencent, NetEase, Kingsoft, Changyou, Shanda Online Games are the top key players in the China Online Gaming market.

Renub Research report titled “China Online Gaming Market, Number of Users, Category (Mobile, PC Online Client Games, Web), Age Group (below 19, 19-25, (26+37) Years, Segments (Large Client Games, Platform Games, Social Games, Other Games), Company Analysis (Tencent, NetEase, Kingsoft, Changyou, Shanda)” provides a comprehensive analysis of the online gaming market in China.

Request a Free Sample Copy of the Report: https://www.renub.com/request-sample-page.php?gturl=china-online-gaming-market-p.php

Category – Market breakup from 3 viewpoints

  1. Mobile Online Games Market
  2. PC Online / Client Games Market
  3. Web Games Market

Age Group –Market breakup from 3 viewpoints

  1. Age Bracket (Below 19 Years)
  2. Age Bracket (19 – 25 Years)
  3. Age Bracket (26+37)

Segments –Market breakup from 4 viewpoints

  1. Large Client Games
  2. Platform Games
  3. Social Games
  4. Other Games

Users – Numbers breakup from 3 viewpoints

  1. Online Gaming Users
  2. Mobile Online Games Users
  3. PC Online Client’s Games Users

Companies have been covered from 3 viewpoints

  1. Overviews
  2. Recent Developments
  3. Revenues

Company Analysis

  1. Tencent
  2. NetEase
  3. Kingsoft
  4. Changyou
  5. Shanda

About the Company:

Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food & Beverages, Power & Energy, Information Technology, Telecom & Internet, Chemical, Logistics & Automotive, Consumer Goods & Retail, Building and Construction, & Agriculture. Our clients rely on our market analysis and data to make informed knowledgeable decisions. We are regarded as one of the best providers of knowledge. Our pertinent analysis helps consultants, bankers and executives to make informed and correct decisions.

Our core team is comprised of experienced people holding graduate, postgraduate and PhD degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science and many more. Our research helps to make business decisions: on strategy, organization, operations, technology, mergers & acquisitions etc. We support many blue chip companies by providing them with findings and perspectives across a wide range of markets. Our research reports offer a blend of information insight, analysis and forecasting that is essential in today’s ultra-competitive markets.

Contact Us:
Renub Research
Phone No: +1 678–302–0700 (USA) | +91–120–421–9822 (IND)
Email: info@renub.com
Web: https://www.renub.com
Follow on Linkedin: https://www.linkedin.com/company/renub-research

United States Video Game Market will be US$ 40.6 Billion by 2026

According to the latest report by Renub Research, titled “United States Video Game Market by Category (Mobile, Download, Online, Gaming Networks, Consoles, PC), Users, Age Group, Gender, Income, Company Analysis & Forecast” Video games were first set-in motion in 1972 as “T.V. games.” Coin-operated versions which supplemented the more traditional pinball machines were set in motion the following year. Then in the early 2000s gaming industry of United States boomed. It became one of the leading forms of entertainment. But now it’s no longer an entertainment medium. The gaming industry has transformed into a lifestyle, due to which video game developers are under pressure to make the content according to gamers demand. According to Renub Research analysis, the United States Video Game Market will be US$ 40.6 Billion by the year 2026.

In the United States gamers can be categorised as

Hardcore Gamers – The typical hardcore gamer is approx 28 or 29 years old and male. They will spend steadily on gaming resources during the first year, including both the software and the hardware.
Casual Gamers – These gamers play games very often, but not on a professional level. Although there are tendencies for casual gamers to transform to hardcore gamers, this is not possible quite often due to time scarcity.
Mass Market Gamers – These gamers do not contribute a lot of time or money to special gaming equipment. They instead actively look forward to free of cost games or Free2Play offers.

Video gaming is now no longer a hobby which is whole and sole only enjoyed by the fledgling age groups. Not only young college-going students, but even the middle-aged also take joy in playing these games on an everyday basis. A survey conducted in 2020 portrayed, 38 percent of video game players are coming up from the 18 to 34 age-group, and six percent are 65 years and older, Statistica did the study.

The income majorly doesn’t make a vast difference in video games purchases. The rate-per cent of consumers going for video game purchases by income group is relatively consistent across the United States. The people who are earning and making up more than US$ 90,000 are less likely to make gaming purchases than their lower-earning equivalent.

Henceforth it can be concluded, whether it is playing video games at home, on a PC or console or the mobile device, individuals of numerous age groups and classes establish compelling content in the video games that have delighted them. Video games are more than just a blooming entertainment business; they are also reshaping the way we inter-relate with the world.

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Market Summary

Market & User: This report covers the market and user of all the six categories Mobile Games, Online Games, Download Games, Consoles, Gaming Network and PC Games.

Age Group: Report provides market breakup from the following age groups: 18-24, 25-34, 35-44, 45-54 and 55-64

Gender: Market of both the genders male and Female covered in the report

Income: In this report, we have categorised the market into – Low, Medium and High-income groups

Companies: We have covered five company recent initiatives and revenue in the report. Sony, Microsoft, Nintendo, Activision Blizzard and Electronic Arts

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