Swarm Intelligence is a novel branch of AI that models the collective behavior of social swarms in nature, such as honey bees, bird flocks, and ant colonies. Image and data processing, structure optimization, discovering ideal paths, and function optimization are all applications of swarm intelligence. Swarm intelligence's computational modeling is used in a variety of technologies, including bioinformatics, medical informatics, and machine learning. One of the primary drivers of the global swarm intelligence market is the growing demand for big data analytics.
Big data analytics is in high demand because of the growing demand for insights from structured and unstructured data on market trends, customer expectations, and product descriptions. Total digital data is expected to reach over 180 zettabytes by 2025, Multi-objective optimization, handling dynamical data, dealing with high-dimensional data, and handling massive amounts of data are the four components of big data analytics. Effective solutions that may be used to solve large data analytics difficulties can be devised with the help of the Swarm Intelligence Market.
In 2017, the robots segment dominated the swarm intelligence market, and this trend is expected to continue during the forecast period. The growing use of swarm robots for a variety of applications, including disaster relief, surveillance and environmental monitoring, and military, has increased the robotics segment's growth in the swarm intelligence market.
In 2017, North America is expected to dominate the swarm intelligence market.
The global swarm intelligence market is divided into five regions: North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. In 2017, Asia Pacific was anticipated to hold the market's dominating position, which it is expected to maintain during the forecast period. India, China, and Japan are some of the major economies in this area that are propelling the swarm intelligence market forward.
One of the primary factors driving the growth of the swarm intelligence market is the increasing adoption of robotics in the Asia Pacific region. According to the International Federation of Robotics, yearly exports of multipurpose industrial robots reached 190,542 units in 2016 and are expected to reach 354,400 units by 2020, with a CAGR of 15% from 2018 to 2020.
Global Swarm Intelligence Market Key Players
Axonal, Brainalyzed, Dobots, Enswarm, Hydromea SA, Mobileye, Netbeez, Power-Blox, Queen B Robotics, Resson Aerospace, Sentient Robotics, Swarm Systems, Swarm Technology, and Unanimous A.I. are some of the major competitors in the worldwide swarm intelligence industry.
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