Sen. Bob Casey concedes Pennsylvania Senate race to Republican Dave McCormickUN Resolution 1701 is at the heart of the Israel-Hezbollah ceasefire deal. What is it?
Taylor Swift's Eras Tour Book Is Now Available to Shop Online — and Selling FastUN Resolution 1701 is at the heart of the Israel-Hezbollah ceasefire. What is it?
APC begins fence mending efforts in Adamawa
GDIN CEO Jongkap Kim: "By matching technology needs with local markets, we create long-lasting joint ventures with multiple exit opportunities." SEOUL, South Korea , Dec. 23, 2024 /PRNewswire/ -- Global Digital Innovation Network (GDIN), led by CEO Jongkap Kim, proudly announced the major achievements of its 2024 Joint Venture Program. This program, which supports the establishment of joint ventures between South Korean companies and international partners, is designed to lower market entry barriers and create sustainable growth opportunities through local collaborations. Javascript is required for you to be able to read premium content. Please enable it in your browser settings.BOULDER, Colo. (AP) — Nyla Harris had 14 points and Jayda Curry scored 10 of her 14 points in the fourth quarter to help No. 24 Louisville get past Colorado 79-71 on Saturday. The Cardinals led 56-55 after three quarters before pulling away in the fourth by scoring 16 unanswered points, capped by a fast-break layup by Curry, before Colorado made its first field goal of the frame with 2:48 left. Colorado scored the next six points to get within single digits at 72-63, but freshman Tajianna Roberts banked in a jumper in the lane at the other end. Izela Arenas sealed it on two free throws with 24.9 seconds left for a nine-point lead. Roberts finished with 13 and Arenas had 11 for Louisville (5-2). Frida Formann scored 25 points for Colorado (6-2). Jade Masogayo added 12 points, Nyamer Diew scored 10 and Kindyll Wetta matched her career-high with 10 assists. Formann went on a personal 8-0 run to give Colorado a 43-37 lead with 7:38 left in the third. She reached 20 points during the run, while no other player had scored in double figures. Louisville plays No. 8 Oklahoma on Wednesday in the SEC/ACC Challenge. Colorado continues a five-game homestand against Tennesse Tech on Tuesday. ___ Get poll alerts and updates on the AP Top 25 throughout the season. Sign up here . AP women’s college basketball: https://apnews.com/hub/ap-top-25-womens-college-basketball-poll and https://apnews.com/hub/womens-college-basketball‘A vision’ cry fans as former RTE star Grainne Gallanagh shows off jaw-dropping figure in plunging festive dressWhat does the Israel-Hezbollah ceasefire include?
RAPTORS MAILBAG: Who is out if Cooper Flagg or other top prospect lands in Toronto
Arizona firefighter indicted for distributing explicit videos of minorApplus+ in Australia partners with Abyss Solutions to revolutionize Non-Destructive Testing with Artificial IntelligenceNEW YORK , Dec. 4, 2024 /PRNewswire/ -- Report with market evolution powered by AI - The global generative artificial intelligence (AI) market size is estimated to grow by USD 97.75 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 50.22% during the forecast period. Increasing demand for AI-generated content is driving market growth, with a trend towards acceleration in deployment of large language models (LLM). However, lack of quality data poses a challenge. Key market players include Accenture Plc, Adobe Inc., Alphabet Inc., Altair Engineering Inc., Amazon.com Inc., Autodesk Inc., DataRobot Inc., De Identification Ltd., Diabatix NV, Genie AI Ltd., Hexagon AB, International Business Machines Corp., LeewayHertz, Microsoft Corp., MOSTLY AI Solutions MP GmbH, nTopology Inc., NVIDIA Corp., OpenAI L.L.C., Rephrase Technologies Pvt. Ltd., and Synthesia Ltd.. AI-Powered Market Evolution Insights. Our comprehensive market report ready with the latest trends, growth opportunities, and strategic analysis- View Free Sample Report PDF Key Market Trends Fueling Growth The Generative Artificial Intelligence (AI) market is experiencing significant growth as businesses adopt AI technologies to drive solutions in various industries. Natural Language Processing (NLP) and Computer Vision are leading trends, with Generative AI gaining popularity through advancements like Generative Adversarial Networks (GANs), Transformer models, and Multimodal data processing. AI is revolutionizing Entertainment with text and image generation, summarization, and personalized content. In Healthcare, AI is transforming document generation, model architectures, and unsupervised learning techniques for text and image analysis. Entertainment, Finance, and Education industries are leveraging AI-driven solutions for content creation and customer support through conversational interfaces, intelligent virtual assistants, and conversational chatbots. Advanced algorithms like deep learning, probabilistic modeling, and iterative training techniques are powering AI applications in Robotics and Automation, Augmented Reality, and Virtual Reality. However, challenges such as model drift, inaccurate content, biased content, and inappropriate content require continuous monitoring and mitigation strategies. Data security concerns, particularly with unstructured data and personally identifiable information, necessitate tagging, encryption, and access control measures. AI ethics, machine learning techniques, and computer resources are essential considerations for businesses adopting AI. AI tools and conversational interfaces are enabling IT professionals to create virtual worlds, simulations, and game environments for various applications. In conclusion, the Generative AI market offers immense potential for businesses to innovate and create value across industries. However, it's crucial to address challenges and ethical considerations to ensure the responsible and effective implementation of AI technologies. The generative AI market has experienced notable growth with the implementation of Language Model Machines (LLMs). These models employ deep learning methods to generate text that resembles human speech. Businesses can utilize these models to automate and enhance tasks such as customer service, content creation, and data analysis. For instance, Open AI's GPT-3 language model has gained widespread recognition. It produces human-like text, making it an effective tool for companies to automate content generation, including product descriptions, news articles, and social media posts. Insights on how AI is driving innovation, efficiency, and market growth- Request Sample! Market Challenges The Generative Artificial Intelligence (AI) market is experiencing significant growth as businesses seek to leverage AI technologies for various applications. Natural Language Processing (NLP) and Computer Vision are two key areas where Generative AI, including Generative Adversarial Networks (GANs), Transformer models, and Variational Autoencoders, are making a mark. These AI-driven solutions offer text generation capabilities, summarization, personalized content, document generation, and model architectures for text, images, video, audio, and more. Entertainment and healthcare industries are major adopters, with Generative AI used for content creation, media and entertainment, and AI-driven simulations. Advanced algorithms like deep learning, neural networks, and probabilistic modeling are at the core of these applications. However, challenges persist, including model drift, inaccurate or biased content, and inappropriate content. Synthetic data management and AI ethics are crucial to address these issues. AI accelerators, computing vouchers, and IT professionals are essential to overcome the computational demands of Generative AI. Data security concerns, especially with unstructured data and personally identifiable information, require tagging and encryption methods. The future of Generative AI lies in its ability to create human-like text, power intelligent infrastructure, and provide personalized support through conversational AI and chatbots. Generative artificial intelligence (AI) can produce data for various applications, such as news articles or product descriptions. However, the quality of the generated data can be inconsistent and may not meet expectations. Inaccurate or incomplete information can be disseminated to the public through AI-generated news articles, potentially misleading readers and damaging the credibility of the news outlet. Similarly, poor-quality data used to generate product descriptions on e-commerce websites could deter potential customers from making a purchase due to misleading or confusing information. It is essential to ensure the data used to train generative AI models is of high quality to produce accurate and reliable results. Insights into how AI is reshaping industries and driving growth- Download a Sample Report Segment Overview This generative artificial intelligence (ai) market report extensively covers market segmentation by 1.1 Software 1.2 Services 2.1 Transformers 2.2 Generative adversarial networks (GANs) 2.3 Variational autoencoder (VAE) 2.4 Diffusion networks 3.1 North America 3.2 APAC 3.3 Europe 3.4 South America 3.5 Middle East and Africa 1.1 Software- The generative artificial intelligence (AI) market is experiencing significant growth due to the increasing demand for software that can analyze data and produce unique outputs. One notable example is GPT-4, a deep learning-based text generator capable of creating text indistinguishable from human-written content. Businesses are utilizing this technology for content creation and customer service automation. Another application is StyleGAN, a machine learning software generating realistic human faces, benefiting the fashion and beauty industry. Several startups, like Runway, develop generative AI platforms for designers and artists. These advancements are expected to boost the market's expansion during the forecast period. Download complimentary Sample Report to gain insights into AI's impact on market dynamics, emerging trends, and future opportunities- including forecast (2024-2028) and historic data (2017 - 2021) Research Analysis The Generative Artificial Intelligence (AI) market is experiencing exponential growth due to the increasing adoption of AI technologies in various industries. Natural Language Processing (NLP) and Computer Vision are two major areas of AI that are revolutionizing how we interact with text and images. Generative AI, a subset of advanced algorithms, is leading the charge with its ability to create new content, from text to art and even music. Generative Adversarial Networks (GANs) are a popular generative AI technique that uses two neural networks to generate realistic data. Digitization and AI-driven solutions are transforming industries such as Entertainment and Healthcare, with generative AI powering personalized content and predictive analytics. Standard AI systems use machine learning, simulations, and videos to learn patterns and make decisions. Neural networks, deep learning, probabilistic modeling, and iterative training techniques are essential components of these systems. Recurrent neural networks and convolutional neural networks are advanced algorithms that enable AI to understand context and recognize patterns in data. GPT series and other generative models are creating new possibilities in text generation, while AI applications in virtual worlds and the metaverse are pushing the boundaries of creativity and innovation. IT professionals are in high demand as businesses seek to leverage these advanced technologies to gain a competitive edge. Market Research Overview The Generative Artificial Intelligence (AI) market is experiencing exponential growth, driven by advancements in AI technologies such as Natural Language Processing (NLP), Computer Vision, and Generative Adversarial Networks (GANs). These technologies enable AI-driven solutions to create and process multimodal data, including text, images, video, audio, and more. Generative AI is revolutionizing industries like Entertainment, Healthcare, and Robotics and Automation, with applications ranging from text generation and summarization to personalized content and document generation. Model architectures like Transformer models, Neuro-symbolic approaches, and Unsupervised learning techniques are pushing the boundaries of what AI can do. However, challenges such as model drift, inaccurate content, biased content, and inappropriate content require ongoing attention. AI accelerators, large language models, and training data preparation are essential components of the generative AI ecosystem. The market also includes various AI applications, standard and advanced algorithms, machine learning techniques, and neural networks like Recurrent Neural Networks (RNNs) and Convolutional Neural Networks (CNNs). The Entertainment industry, Finance industry, Education industry, and others are leveraging generative AI for content creation, simulations, and conversational interfaces. Virtual Reality (VR) and Augmented Reality (AR) are also significant areas of application, with potential use cases in VR games, VR training simulations, and game environments. AI ethics and data security concerns are critical considerations as the market continues to evolve. Table of Contents: 1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation Component Software Services Technology Transformers Generative Adversarial Networks (GANs) Variational Autoencoder (VAE) Diffusion Networks Geography North America APAC Europe South America Middle East And Africa 7 Customer Landscape 8 Geographic Landscape 9 Drivers, Challenges, and Trends 10 Company Landscape 11 Company Analysis 12 Appendix About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com/ SOURCE Technavio
Kosovo arrested several suspects on Saturday after an explosion at a key canal feeding two of its main power plants, while neighbouring Serbia rejected accusations of staging the blast. The explosion on Friday near the town of Zubin Potok, which sits in an ethnic Serb-dominated area in Kosovo's troubled north, damaged a canal that supplies water to hundreds of thousands of people and cooling systems at two coal-fired power plants that generate most of Kosovo's electricity. As security forces swarmed the area around the canal, whose concrete walls were left with a gaping hole gushing water, Prime Minister Albin Kurti visited the site and announced that authorities had arrested several people. Law enforcement "carried out searches" and "collected testimony and evidence, and the criminals and terrorists will have to face justice and the law", he said. Calling it "the most serious attack on critical infrastructure in Kosovo since the end of the war", Interior Minister Xhelal Svecla told the press that police had detained eight suspects. Police chief Gazmend Hoxha said that his office had seized "200 military uniforms, six grenade launchers, two rifles, a pistol, masks, knives" in the operation. "This is not a trivial attack, it was an act prepared by professional terrorist organisations," Svecla added. The arrests follow a security meeting late on Friday, when Kurti pointed the finger at Serbia. "The attack was carried out by professionals. We believe it comes from gangs directed by Serbia," he told a press conference, without providing evidence. Serbian President Aleksandar Vucic hit back on Saturday, denying the "irresponsible" and "baseless accusations". "Such unfounded claims are aimed to tarnish Serbia's reputation, as well as to undermine efforts to promote peace and stability in the region," he said in a statement to AFP. Serbian Foreign Minister Marko Djuric had earlier suggested on X that the Kosovar "regime" could itself be behind the blast, calling for an international investigation. The main political party representing Serbs in Kosovo, Serb List, also condemned the attack "in the strongest possible terms". AFP journalists at the scene saw water leaking heavily from one side of the reinforced canal, which runs from the Serb-majority north of Kosovo to the capital, Pristina. However, electricity supplies to consumers were running smoothly on Saturday morning, with authorities having found an alternative method to cool the plants, said Kosovo's Economy Minister Artane Rizvanolli. Repair work was ongoing, authorities said, while Kurti confirmed workers had managed to restore water flows to 25 percent capacity. The European Union denounced the explosion as a "terrorist attack". "It is a despicable act of sabotage on Kosovo's critical civilian infrastructure, which provides drinking water for (a) considerable part of Kosovo's population and is a vital component of Kosovo's energy system," the bloc's top diplomat, Josep Borrell, said in a statement. The United States, France and Turkey joined the international condemnation of the attack. "We call on all parties to exercise restraint to avoid escalation in the region," Turkey's foreign ministry said. The NATO-led KFOR peacekeeping mission for Kosovo likewise called for restraint. "It is important that facts are established and that those responsible are held accountable and brought to justice," it said in a statement. The force is providing security in the surrounding area and has offered logistical, explosives removal and engineering support to the Kosovo authorities, it added. Animosity between ethnic Albanian-majority Kosovo and Serbia has persisted since the end of the war between Serbian forces and ethnic Albanian insurgents in the late 1990s. Kosovo declared independence in 2008, a move that Serbia has refused to acknowledge. Kurti's government has for months sought to dismantle a parallel system of social services and political offices backed by Belgrade to serve Kosovo's Serbs. Albanian Prime Minister Edi Rama on Saturday denounced "the act of sabotage on the critical water supply infrastructure in the Iber-Lepenc Canal" in comments on X, calling it "a serious crime that endangers the lives of Kosovo's citizens and undermines the process of normalising relations in our region". Friday's attack came after a series of violent incidents in northern Kosovo, including the hurling of hand grenades at a municipal building and a police station earlier this week. Kosovo is due to hold parliamentary elections on February 9.Asia-Pacific markets set to open higher after Wall Street gains on tech strength
Texas, Arizona State to meet in CFP clash of old vs. new Big 12 champsOn a September morning in 2024, two Jonathan Cohens — one from the Rockaways in Queens, the other from London — stood in an empty 15,000-square-foot parking garage near Hudson Yards in New York City. As they walked over chipped yellow lines, they explained how the space would help Joco, their shared e-bike startup for delivery workers, continue to scale. “We’re removing all the cars, and it’s gonna be fully dedicated to electric two-wheelers, three-wheelers, four-wheelers, and charging light electric vehicles,” Cohen (NY), Joco’s chief growth officer, told TechCrunch, beaming. The two paced the cavernous lot, interrupting each other like a married couple telling a story to friends as they set the scene of a place that would be as much about utility as community: A mechanic workshop towards the back, several rooms with charging cabinets so riders could swap out e-bike batteries, docking stations, two bathrooms. Cohen (London), Joco’s CEO, pointed towards an area not far from the front that would be designated for a Joco concierge service, where delivery riders could check in, pick up supplies, and take a breather from the chaos of the city. “Think about it like a gas station [for delivery riders],” Cohen (NY) added. “They’ll use it as a place to just relax and take a break.” The concept of providing gig workers with a pit stop — a place to use the bathroom, charge their phones, and even pray — isn’t new to Joco, which already offers this service in partnership with Grubhub at two locations in Alphabet City and Midtown West. And after the business almost died several times in its first year, such duties of care to the customer are a big reason why Joco is still alive today. Joco — named after its two co-founders, who met at Columbia Business School in 2017 — launched in 2021 in NYC with a mission to compete against Lyft-owned Citi Bike with shared, docked e-bikes. The Cohens thought that placing Joco’s docking stations on private property would allow them to avoid both Citi Bike’s territory and the city’s regulatory eye. They were wrong. The NYC Department of Transportation promptly sued Joco for operating a bikeshare without prior authorization from the agency, forcing the startup to pivot away from offering consumer rides towards last-mile delivery. Now, Joco serves both gig workers who rent e-bikes at daily or weekly rates and enterprise customers that order dedicated fleets from the startup. Joco counts about 18 enterprise customers — including Grubhub, Reef, Fresh Direct, and other large logistics companies — across New York, Chicago, and Miami. As part of its B2B package, Joco also provides fleet management technology, servicing and maintenance, docking stations, and, increasingly, battery charging cabinets. Those cabinets, which Joco says are FDNY-approved, are a growing vertical for the startup, particularly in NYC where battery fires have run rampant due to unsafe charging practices, leading many buildings to ban e-bikes and e-scooters. Joco has sold roughly 100 battery cabinets to residential buildings, like those owned by Related Companies, and last-mile logistics companies, like Travis Kalanick’s Cloud Kitchens, across the country with plans for international expansion. From cease and desist to cash flow expansion The Cohens say the DOT’s pushback was a “blessing in disguise” that helped them become profitable – not EBITDA profitable, “net, net, net profitable” with “real salaries” — despite having raised only $7.5 million in VC money. Other similar hardware-as-a-service startups have raised many millions — even billions — more in venture capital, and just as many have gone under due to the high capex, low margin nature of the business. “It forced us to focus,” Cohen (London) told TechCrunch. “That’s one lesson that we got to faster than we should have, inadvertently. The other lesson we learned is to really pay attention to the customer. Because we go crazy for our customers. Just this Sunday, we had a guy whose bike broke down in Queens, and I rented a car, I went there, I picked up his bike, and I brought him back to another station in Manhattan.” “When our customers see that, they freak out, and they tell everyone else,” he continued. “We do unusual things for the customer, stuff they wouldn’t expect.” Cohen (London) noted that on its face, some of those decisions don’t necessarily make “financial sense” but have created customer loyalty. The concierge service — which involves having several staffers onsite to help address delivery riders needs — is an example. Joco also hands out free bike helmets, visibility vests, hand warmers, and through the partnership with Grubhub, free temperature-controlled backpacks. There are other startups that offer couriers e-bike rentals. Whizz and Zoomo come to mind, but those offer longer-term rentals where the delivery worker has to store the bike, lock it up, and charge the battery. With Joco, gig workers can access high quality e-bikes at a reasonable cost and they never have to worry about locking them up or carrying them up stairs – Riders can lock and unlock the bikes with an app — a small, but effective convenience when making deliveries all day. “We make a lot more money per bike than another company where you rent the bike and take it home for a month because we have multiple people using the same vehicle, and they’re delivering around the clock,” Cohen (London) said, noting that the life cycle of the new Segway bikes is three to five years. There also appears to be a quiet community among Joco riders. Workers picking up bikes from the Alphabet City concierge can be seen chatting and fist bumping, and when they catch another Joco rider in the streets, they often wave and say hello to each other. Joco’s customer obsession is clearly manifesting in growth. That empty parking garage? Flash forward two months later, and it is now almost open for business, with 1,000 new Segway e-bikes lined up and another 1,000 on the way. That location is one of almost 50 docking stations, large and small, accessible to couriers across the city. And the Cohens say that’s still not enough to meet the demand for their service. “Every one of our vehicles is getting used every single day,” Cohen (NY) said, noting that Joco has “spent $0 on marketing” since launching. He says the team has managed to grow the company’s gig worker vertical double digits every month mainly through word of mouth. That’s one of the Cohens’ tips for early-stage founders: Don’t blow your money on marketing too early in an attempt to garner attention and raise capital. Just put your head down and focus on execution. That’s how the two said they got to where they are today, where cash flow is funding their expansion, rather than venture money. To them, “founder mode” is essential, because it means always being available to roll up your sleeves, even on Thanksgiving and Christmas or at 3 in the morning. “Like when we switched from the old Acton bikes to these Segway bikes, it was a full all-nighter,” Cohen (NY) said. Joco still runs a lean ship, with about seven people on the corporate team. In total, they have about 50 employees across maintenance, call center, operations, warehouse management, software, and supply chain. And many of those teams are outsourced to employees outside of the U.S., which the co-founders say saves them money as they work to grow the business. They also hire fractional employees, like their CFO, a good strategy for early-stage startups that want to bring on a seasoned C-suite executive on a part-time basis. That financial prudence is what will help Joco to scale in 2025. The founders said their plans for near-term growth comes from cash on hand and potentially some debt, but that they don’t intend to raise more equity. Their goal for the next year is to grow Joco’s gig worker fleet from 3,000 today to 10,000 by the end of 2025 and build out new docking stations in Brooklyn and Queens. Joco also wants to get 1,000 battery charging cabinets in buildings and double its B2B footprint in the next 13 months, in part by bringing more four-wheeler cargo bikes to its lineup. And Joco has some tailwinds at its back, especially in NYC where a congestion pricing plan is set to go into effect in January. “There will be more opportunities for us to get garage space at better prices,” Cohen (NY) said. “You don’t need a two-ton vehicle for short delivery commutes. And so the more we can do to build infrastructure and the tech, the more convenient it will be for the riders.”
CASA GRANDE, Ariz. — An Arizona firefighter is facing criminal charges after investigators allegedly discovered explicit materials depicting children on his electronic devices. Agustin Julian Sauceda, 38, of Casa Grande was recently indicted on 15 counts of producing, possessing and distributing pornographic materials depicting a juvenile. Sauceda worked for the Eloy Fire District at the time of the offenses, officials say. Sauceda was reportedly promoted to battalion chief a couple of years ago. The federal indictment accuses Sauceda of producing pieces of pornography depicting a juvenile between 2022 and 2024. The defendant then allegedly distributed the materials on a BitTorrent file sharing network. Homeland Security agents searched Sauceda's home in Pinal County last month and seized 22 electronic items. The defendant could be facing a lengthy prison sentence if convicted on the charges. RELATED: A Chandler man was arrested for allegedly killing, dismembering 18-year-old. He's now charged with scamming millions out of investors. Watch 12News for free You can now watch 12News content anytime, anywhere thanks to the 12+ app! The free 12+ app from 12News lets users stream live events — including daily newscasts like "Today in AZ" and "12 News" and our daily lifestyle program, "Arizona Midday"—on Roku, Apple TV and Amazon Fire TV . 12+ showcases live video throughout the day for breaking news, local news, weather and even an occasional moment of Zen showcasing breathtaking sights from across Arizona. Users can also watch on-demand videos of top stories, local politics, I-Team investigations, Arizona-specific features and vintage videos from the 12News archives. Roku : Add the channel from the Roku store or by searching for "12 News KPNX." Amazon Fire TV : Search for "12 News KPNX" to find the free 12+ app to add to your account , or have the 12+ app delivered directly to your Amazon Fire TV through Amazon.com or the Amazon app.NEW YORK , Dec. 4, 2024 /PRNewswire/ -- Report on how AI is driving market transformation - The global smart buildings market size is estimated to grow by USD 64.84 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 10.61% during the forecast period. Growing need for building automation to enhance business outcomes is driving market growth, with a trend towards increasing integration of iot with building automation software. However, challenges in integrating building automation software coupled with interoperability issues poses a challenge. Key market players include ABB Ltd., Advantech Co. Ltd., BuildingLogiX, Cisco Systems Inc., Delta Electronics Inc., Emerson Electric Co., Honeywell International Inc., International Business Machines Corp., Johnson Controls, L and T Technology Services Ltd., Legrand SA, Panasonic Holdings Corp., Robert Bosch GmbH, RTX Corp., Schneider Electric SE, Siemens AG, Smarteh d.o.o., Snap One LLC, Softdel System Pte. Ltd., Switch Automation, and Verdigris Technologies Inc.. AI-Powered Market Evolution Insights. Our comprehensive market report ready with the latest trends, growth opportunities, and strategic analysis- View Free Sample Report PDF Key Market Trends Fueling Growth The Smart Buildings Market is experiencing significant growth due to the integration of advanced technologies such as 5G, IoT, AI, and VR. These technologies enable resource management, energy efficiency, and improved environmental effects in both residential and commercial buildings. In urban areas, smart buildings are becoming essential components of smart cities, offering automated technologies like sensors, actuators, and microchips for space utilization and network management. Commercial segment buildings, including offices and industrial structures, are adopting AI-enabled innovations like intelligent glass, smart thermostats, and energy-efficient structures. Homeowners are also embracing smart home solutions, including smart lighting systems and home automation. Moreover, the integration of cloud computing, data analytics, and waste management solutions is crucial for effective resource management and reducing greenhouse gas emissions. Building owners prioritize security concerns, with smart security systems like access controls, video surveillance, and intrusion detection, ensuring a secure environment. Energy management, waste management, and workforce management are other significant areas of focus for smart buildings. Blockchain technology is also gaining traction for information security. The market for smart buildings is vast and includes various applications, from energy conservation in residential buildings to fire safety in industrial buildings. Non-smart buildings rely on manual control, leading to lengthy lead times and increased operational costs. Traditional building automation faces limitations due to complex wired or slow wireless connectivity between devices. The integration of IoT into building automation enhances connectivity significantly, enabling end-users to monitor multiple systems via a central hub. This innovation creates demand for advanced building automation software, driven by the expanding IoT adoption and rising Internet penetration among specific user groups. The global smart buildings market experiences growth opportunities as a result. Insights on how AI is driving innovation, efficiency, and market growth- Request Sample! Market Challenges The Smart Buildings Market is experiencing significant growth due to the integration of advanced technologies like 5G, IoT-enabled devices, AI, VR, and cloud computing. Commercial and residential building owners seek energy efficiency, resource management, and automated technologies to reduce greenhouse gas emissions and improve space utilization. Challenges include security concerns, environmental effects, and network management. 5G technology and IP enable seamless connectivity, while AI innovations optimize energy management, home automation, and waste management solutions. Smart lighting systems, intelligent security systems, fire safety, and access controls enhance the security of building premises. Energy-efficient structures, smart thermostats, intelligent glass, and smart elevators are essential components of smart buildings. Urban environments and industrial areas benefit from smart cities, smart homes, and smart lighting systems for energy conservation. Blockchain ensures information security, and smart waste management systems minimize waste. Working from home necessitates advanced network systems, heating, ventilation, and air conditioning. Sensors, actuators, microchips, and automated technologies are crucial for effective resource management and space utilization. Smart buildings cater to the commercial and residential segments, addressing the needs of urban areas and providing a secure environment for workforce management. Energy management, waste management, and network management are key areas of focus. Smart solutions for heating, ventilation, air conditioning, and lighting systems contribute to a comfortable and productive work environment. Building automation systems in smart buildings involve intricate software integration to manage multiple subsystems effectively. The complexity increases with larger structures, necessitating technical expertise. Compatibility between various hardware devices is crucial for efficient operation. Integrating legacy systems with new software can pose challenges, potentially leading to faulty installations and security vulnerabilities. Professionally managing these complexities is essential for optimizing energy usage, enhancing occupant comfort, and ensuring safety in smart buildings. Insights into how AI is reshaping industries and driving growth- Download a Sample Report Segment Overview This smart buildings market report extensively covers market segmentation by 1.1 BMS 1.2 HVAC 1.3 Lighting control 1.4 Security and access control 1.5 Others 2.1 Software 2.2 Hardware 2.3 Services 3.1 North America 3.2 Europe 3.3 APAC 3.4 South America 3.5 Middle East and Africa 1.1 BMS- The Building Management Systems (BMS) segment, also known as Building Automation Systems, is the largest and leading segment in the global smart buildings market. BMS integrate various standalone control and monitoring systems, including HVAC, lighting, and emergency control systems, at a single point for efficient building management. The BMS market consists of software, servers, sensors, and major components. The cost of implementing BMS ranges from USD2.50 to USD7.0 per square foot, making ROI a significant challenge. Europe and APAC are major contributors to the BMS market's growth due to increasing industrial development, commercialization, and energy efficiency awareness. In the forecast period, the BMS segment will witness high adoption in the commercial sector, high-end residential buildings, and the services sector. Rapid technological innovations, such as IoT, analytics, and cloud computing, will further fuel the adoption of BMS for effective monitoring, controlling, and operating building facilities. Download complimentary Sample Report to gain insights into AI's impact on market dynamics, emerging trends, and future opportunities- including forecast (2024-2028) and historic data (2018 - 2022) Research Analysis The Smart Buildings Market is experiencing significant growth due to the integration of advanced technologies such as 5G, IoT enabled devices, AI, and VR. These technologies enable energy efficiency, reduced greenhouse gas emissions, and improved occupant comfort in both commercial and residential buildings. Cloud computing and data analytics facilitate remote monitoring and management of smart homes and offices, enabling working from home and waste management solutions. Energy-efficient structures, intelligent glass, smart thermostats, and smart elevators are some of the innovations that contribute to energy conservation. Smart cities are also integrating smart lighting systems, fire safety, and security systems, including intelligent access controls, video surveillance, and intrusion detection, to enhance safety and productivity. Overall, the Smart Buildings Market offers numerous benefits, from automating mundane tasks to improving energy efficiency and enhancing safety and security. Market Research Overview The Smart Buildings Market is experiencing significant growth due to the integration of advanced technologies such as 5G technology, IoT enabled devices, AI, and VR. These technologies are transforming commercial and residential buildings into energy-efficient structures with improved resource management and space utilization. In urban areas, smart buildings are contributing to reducing greenhouse gas emissions by optimizing energy consumption and waste management. Cloud computing and data analytics enable real-time monitoring and automation of home automation and working from home systems. Intelligent glass, smart thermostats, and smart elevators are becoming standard features in modern buildings. AI-driven innovations are revolutionizing network management, energy management, and workforce management. Smart cities are integrating smart buildings into their infrastructure for secure environment and efficient resource management. Building owners are investing in automated technologies such as sensors, actuators, microchips, and blockchain for information security. Smart lighting systems, energy conservation, and intelligent security systems are essential components of smart buildings. Fire safety, video surveillance, access controls, theft detection, and intrusion detection are critical aspects of intelligent security systems. HVAC systems, including heating, ventilation, and air conditioning, are being optimized for energy efficiency and occupant comfort. The residential and commercial segments are driving the growth of the smart buildings market, with industrial buildings following closely. The environmental effects and security concerns of smart buildings are being addressed through advanced technologies and regulations. Table of Contents: 1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation Product BMS HVAC Lighting Control Security And Access Control Others Component Software Hardware Services Geography North America Europe APAC South America Middle East And Africa 7 Customer Landscape 8 Geographic Landscape 9 Drivers, Challenges, and Trends 10 Company Landscape 11 Company Analysis 12 Appendix About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com/ SOURCE Technavio