London, 13 October 2014 – TechNavio, a global tech-focused research firm has announced the publication of its market research report on the Global Smart Machines Market 2014-2018.
A smart machine is embedded with cognitive computing ability in order to problem solve accurately and precisely, thereby provide the desired output. The need to provide quality products and services has led to the adoption of smart machines across sectors.
The Global Smart Machines Market is expected to grow at a CAGR of 19.78 percent during the forecast period.
About the Report
The latest report by TechNavio focuses on the increased automation of production processes across industries, as it enhances production efficiency, reduces human effort and error and increases the quality of the end products. The report also emphasizes the development of smart machines that can be accessed through the cloud.
“Cloud-enabled smart machines are more affordable thanks to the ‘pay-per-use’ concept. Companies like Oracle are tapping into this model, and offering services such as the Oracle RightNow Virtual Assistant Cloud Service, which has features like proactive engagement, live chat escalation, mobile support and customer portal widgets. This trend towards cloud-based smart machines is expected to help sustain strong market growth in this segment over the next few years,” says Faisal Ghaus, Vice President of TechNavio.
Key Information Covered in the Report:
Market segmentation, size and forecast through 2018
Market Growth Drivers:
- Increased Automation across Industries
- For a full detailed list, view our report.
Market Challenges:
- High Initial Investment
- For a full detailed list, view our report.
Market Trends:
- Development of Cloud-enabled Smart Machines
- For a full detailed list, view our report.
Key Vendors:
- BAE Systems Inc.
- Creative Virtual Ltd.
- Exsys Inc.
Other Prominent Vendors:
- BAE Systems
- Creative Virtual
- Exsys
https://www.technavio.com/%3Cp%3E%3Ca%20href%3D%22http%3A//www.technavio….
