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The swarm intelligence market is expected to be valued at USD 447.2 million by 2030, growing at a CAGR of 40.47% from 2020 to 2030NEW YORK, Nov. 27, 2017 /PRNewswire/ --Swarm intelligence market expected to grow at significant rate between 2020 and 2030 The swarm intelligence market is expected to be valued at USD 447.2 million by 2030, growing at a CAGR of 40.47% from 2020 to 2030, considering the technology will get commercialized by 2020. The key factors driving the growth of the swarm intelligence market are the increasing usage of swarm intelligence for solving big data problems, the rising adoption of swarm-based drones in the military, and need for swarm intelligence in the transportation business. However, the major factor restraining the growth of this market is the reluctance to accept new technology APAC expected to account for largest share of swarm intelligence market by 2020 The breakup of the profiles of primary participants for the report has been given below: • By Company Type: Tier 1 – 20%, Tier 2 – 55%, and Tier 3 – 25% • By Designation: C-Level Executives – 50%, Directors – 25%, and Others– 25% • By Region: North America – 40%, Europe – 30%, APAC – 20%, and RoW - 10% The key players operating in the swarm intelligence market are DoBots (Netherlands), Hydromea (Switzerland), Sentien Robotics (US), Unanimous A.I. (US), AxonAI (US), Swarm Technology (US), SSI Schäfer - Fritz Schäfer (Germany), Valutico (Austria), Enswarm (UK), and Power-Blox (Switzerland). Research Coverage: The research report on the swarm intelligence market covers the market segmented on the basis of the following segments: model, capability, application, and geography. The market has been segmented on the basis of model into Ant Colony Optimization, Particle Swarm Optimization, and others. On the basis of application, the swarm intelligence market has been classified into robotics, drones, and human swarming. The market has been segmented on the basis of capability into clustering, optimization, scheduling, and routing. The report covers the market based on 4 major regions—North America, Europe, APAC, and RoW. Key Benefits of Buying the Report: Illustrative segmentation, analysis, and forecast for the market based on model, capability, application, and geography have been conducted to provide an overall view of the swarm intelligence market. The major drivers, restraints, opportunities, and challenges for the swarm intelligence market have been detailed in this report. A detailed competitive landscape of key players in the swarm intelligence market has been included in the report. Read the full report: https://www.reportlinker.com/p05220268 View original content:http://www.prnewswire.com/news-releases/the-swarm-intelligence-market-is-expected-to-be-valued-at-usd-4472-million-by-2030-growing-at-a-cagr-of-4047-from-2020-to-2030-300562270.html SOURCE Reportlinker |