The global predictive analytics market will expand at a 17.80 percent CAGR over the forecast period to 2019. The market is estimated to reach $6.54 billion by 2019. In terms of applications, the segment of finance and risk management is expected to generate high demand in the global predictive analytics market.
Non-industrial robots represented 70% of the $39.3 billion robotics market globally. Most of this growth is being driven by new and expanding use cases in segments like agriculture, autonomous vehicles, consumer drones, warehousing, logistics, military and personal assistant robots.
IDC robotics analysts worldwide worked collaboratively on the identification of the top 10 robotics predictions, bringing together the collective knowledge of their regions, industry verticals, and data points of how technology is being deployed across all industries as well as consumers.
With retailers gearing up for Black Friday and Cyber Monday, IBM’s 2018 Holiday Retail Forecast (NYSE: IBM) indicates this shopping season could be a win in many segments, with a 4.83 percent year-over-year growth seen across the industry this year.
via IBM News Room
Ambient commerce will drive expenditure on IoT connected devices and on IoT software and services in the retail sector. By 2020, the retail sector will spend $5.3 billion on IoT software and services — that’s up from $2.7 billion in 2018.
According to the latest market study by Juniper Research, revenues generated by the Internet of Things (IoT) and retail platforms will exceed $4.3 billion by 2023 — that’s up from an estimated $890 million in 2018.
While it might be tempting to look at online and offline shopping trends individually, doing so limits the ability to see the synergies. For example, click-and-collect retail shopping has increased 30 percent in the past two years — it represented 18% of online grocery sales in 2016 and now represents nearly half (48%).