TechnoMark News

 Allied Market Research, titled,  “ Conversational AI Market  By Component, Deployment, Type, Technology, and End User: Global Opportunity Analysis and Industry Forecast, 2021–2030”, The conversational AI market size was valued at $5.78 billion in 2020, and is projected to reach at $32.62 billion by 2030, growing at a CAGR of 20.0% from 2021 to 2030. Conversational AI is a combination of natural language processing with machine learning solutions, such as virtual agents or conversational bots, which are specifically designed to interact with the user through talking. Further, conversational AI technology is designed to use machine learning, a large volume of data, and natural language processing to help virtual agents to imitate human interactions, text inputs, and human interaction to interpret their meanings in numerous languages. Furthermore, conversational artificial intelligence has components designed to allow Gartner chatbot or virtual agents to understand, pro...

Allied Market Research, titled ,“ Beacon Market , by type, technology, application: Global Opportunity Analysis and Industry Forecast, 2024-2032"  The beacon market was valued at $9.59 billion in 2023, and is estimated to reach $395.9 billion by 2032, growing at a CAGR of 53% from 2024 to 2032. Beacons are small Bluetooth transmitters that broadcast a signal to nearby smartphones and tablets. Beacons can be used to deliver targeted messages or promotions to customers who have opted-in to receive such notifications. They can also be used for location-based services, such as finding the nearest store or providing directions. The importance of beacons lies in their ability to provide a more personalized user experience while also helping businesses track customer behavior and preferences.  The growing utilization of beacons in logistics, warehousing, and retail sectors serves as a significant driving factor for the beacon industry. In logistics, beacons enable real-time track...

 Battey charging ICs are devices that regulate current and voltage within a battery. They are commonly used in portable devices such as cell phones, tablets, and laptops. Among various types of batteries, Li-ion battery charger ICs have emerged as the promising ones because of their unique characteristics. These batteries have greater energy densities, offering higher voltage per cell and tolerating higher currents. 𝐒𝐨𝐟𝐭 𝐬𝐰𝐢𝐭𝐜𝐡𝐢𝐧𝐠 𝐚𝐧𝐝 𝐚𝐝𝐯𝐚𝐧𝐜𝐞𝐝 𝐬𝐞𝐦𝐢𝐜𝐨𝐧𝐝𝐮𝐜𝐭𝐨𝐫𝐬 𝐫𝐞𝐯𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐢𝐳𝐢𝐧𝐠 𝐛𝐚𝐭𝐭𝐞𝐫𝐲 𝐜𝐡𝐚𝐫𝐠𝐢𝐧𝐠 𝐈𝐂𝐬 In the past few years, battery charging IC technology has undergone a huge transformation, offering new applications across diverse industries. Continuous advancements in this field focus on enhancing the efficiency, flexibility, and thermal management of batteries. Soft switching has evolved as a new technique in the domain that offers greater efficiency and enables lower heat generation. By minimizing energy l...

Allied Market Research, titled, “ Battery Energy Storage System Market By Battery Type, Connection Type, Application: Global Opportunity Analysis And Industry Forecast, 2022-2031," was valued at $8.4 billion in 2021, and is estimated to reach $51.7 billion by 2031, growing at a CAGR of 20.1% from 2022 to 2031. A battery energy storage system is a technology developed for storing electric charge by using specially developed batteries. The main purpose of the system is to store energy can be utilized at a later time. Battery energy storage system has the advantage over other energy storage technologies as it has small footprint and no restrictions on geographical locations that it could be located in. Other storage technologies including pumped hydro storage (PHS) and compressed air energy storage (CAES) are only suitable for limited number of locations, considering water and other restrictions and transmission constraints. The growth of the battery energy storage system market...

Allied Market Research, titled, “ Digital Twin Market ," The digital twin market was valued at $6.5 billion in 2021, and is estimated to reach $125.7 billion by 2030, growing at a CAGR of 39.48% from 2021 to 2030. A virtual machine that offers a real-time online version of a physical object or process is called a "digital twin." The performance of industrial assets is profiled, predicted, and optimised using simulation models, data, and intelligence. Because it enables automatic vehicle control and monitoring of industrial assets and processes like product development, design & manufacturing planning, investment performance management, business & operation optimization, and more, the digital twin is a crucial part of the Industrial Internet of Things.   The automotive and transportation industries' increasing demand for digital twin technology is anticipated to fuel market expansion over the forecast period. The digital twin, which facilitates continuous ...

Allied Market Research, titled, “ Wire and Cable Market ," The wire and cable market size was valued at $213.6 billion in 2022, and is estimated to reach $323.8 billion by 2032, growing at a CAGR of 4.6% from 2023 to 2032. Factors that contribute toward the growth of the wires and cables market include a rise in the trend of renewable energy generation. Encouraging policies and initiatives of various governments and incentives have led to a considerable increase in the share of renewables as well as alternative sources of energy. In addition, an increase in the deployment of new power grid infrastructure boosts the growth of the wire and cable industry. The growth of infrastructure projects, such as buildings, power plants, transportation systems, and telecommunications networks, drives the wire and cable market demand. As new structures are constructed or existing ones are upgraded, there is a need for wiring systems to enable the distribution of electricity, communication signal...