Machines

• [New] Artificial intelligence, machine learning, 5G and Internet of Things would be the most important technologies in 2021.
• NLP the second most prominent technology in healthcare is machine learning which is expected to reach $223.7 million by 2022, growing at a CAGR of 61.9%.
• By 2023, organizations utilizing active metadata, machine learning and data fabrics to dynamically connect and automate data management processes will reduce their time to data delivery, and impact on value by 30%.
• While machine learning and AI will increasingly power and shape the human decision-making going forward, AI-driven digital businesses will spur new security systems representing a new trend in 2020.
• Forrester predicts cognitive technologies - such as robots, A.I., machine learning, and automation-will create 9% of new U.S. jobs by 2025.
• 30% of all AI cyberattacks by 2022 are expected to leverage training-data poisoning, model theft, or adversarial samples to attack machine learning-powered systems.
• Over the next five years the Rubber Injection Machines market will register a 2.7%% CAGR in terms of revenue, the global market size will reach $642.8 million by 2025, from $577 million in 2019.
• Over the next five years, tens of millions of jobs will be replaced by machines and automation - while millions of new jobs will emerge, necessitating new skills.
• Rise in adoption of Internet of Things, edge computing, 5G, use of real-time analytics enabled by Artificial Intelligence and Machine Learning is expected to boost the utility of this computing technology among organizations.
• By the year 2040, the world will lose the capability to power all the machines in the world.
• The Machine Learning technology segment is estimated to account for the largest share of the overall artificial intelligence in cybersecurity market in 2020, as well as projected to grow with the fastest CAGR during the forecast period.
• Robots, AI, machine learning and automation will create 9% of new jobs by 2025.
• AI market led by Machine Learning is expected to grow from US$ 18.8 billion in 2019 to US$ 80.3 billion at a CAGR of 33.6% in 2023.
• Just as electricity drove rapid growth in the early 20th century, AI and machine learning will be key to rebuilding the Australian and global economy in the next decade.
• Artificial intelligence, machine learning and virtual assistants, chatbots: Gartner analysts forecast an increase from 25% to 37% (2020).
• the proliferation of machine-to-machine (M2M) devices will decrease during 2020: Frost & Sullivan expects growth to rebound by 2021, with revenue ultimately expanding at a compound annual growth rate of 5.1% to reach $3.25 billion by 2025, up from $2.40 billion in 2019.
• Personalized learning will boom in 2020, thanks to the ability of artificial intelligence (AI) and machine learning to assess a learner's needs and offer customized learning content..
• Expect to see lower demand for automotive and gaming chips but increased demand for Nvidia's expensive graphics processors used in data centers for handling video and powering machine learning algorithms.
• Increasing adoption of IoT, AI, big data, machine learning, among others in the healthcare industry is further expected to foster the market growth over next few years.
• An increasing number of devices are instrumented and connected to generate data and organizations this year will face pressure to utilize machine learning with IoT data to enable operational intelligence.
• Technology such as data analytics, artificial intelligence, machine learning, blockchain and robotic process automation will be playing a greater role in the accounting profession in 2020.
• Technavio has been monitoring the ophthalmic lens and precision optics manufacturing machines market in APAC and it is poised to grow by USD 95.64 million during 2020-2024, progressing at a CAGR of almost 4% during the forecast period.
• In China, weakness in manufacturing-related steel demand, particularly for exports, is expected to be offset by growth in the construction and machinery sectors for the rest of the year.

Last updated: 29 November 2020