Artificial Intelligence – Page 255

VIAVI Updates Observer Platform for Peak IT Network Scalability and Performance

May 11, 2021 Published by Roboticulized.com

VIAVI Solutions Inc. (VIAVI) (NASDAQ: VIAV) today unveiled significant updates to the Observer Platform, further enhancing the comprehensive network performance monitoring and diagnostics (NPMD) solution. Observer 18.3 helps network operations (NetOps) teams maintain peak performance of all IT services, despite the growing work from anywhere (WFX) trend.

As IT teams struggle to handle the explosion in remote work, they are confronting critical challenges that extend beyond network visibility and remote troubleshooting. Difficulty in capacity planning and demand management can lead to increased performance issues due to lack of available resources as well as network constraints caused by unplanned traffic. Proactive capacity planning doesn’t just depend on how much network data is available, but how that data is represented. Too much raw data that is not properly visualized, such as a month-long trending view of WAN utilization, ends up hiding critical information about when and where traffic spikes occur.

Two solutions within the Observer Platform have been enhanced to address these challenges and more. Observer GigaFlow now delivers new intuitive, color-coded capacity planning reports that present usage and utilization insights in a format that is easy to interpret, simplifying proactive assessments for strategic WAN spending decisions, while enabling reactive resolution of capacity-related issues. Plus, NetOps can quickly gain insight into which applications are causing peak capacity usage to discern between critical work-related traffic and non-business apps, such as Facebook.

Also included is a new Observer Apex Enterprise appliance with higher scale capacity and software optimizations for faster user interface render time at larger ingest rates. Apex Enterprise builds on the popular Apex performance management solution that leverages End-User Experience Scoring and advanced threat intelligence to deliver unified, comprehensive visibility into IT resource health and status.

Key Enhancements

GigaFlow Workflows and Reports
- Device and site-based workflows with improved capacity reporting for WAN links, and alarms based on traffic volume.
Apex Enterprise Appliance
- Larger hardware appliance and software optimizations enable increased scalability, reducing end-user performance issues and trouble tickets.
Server 2016 Support
- Support for Windows 2016 deployments for Apex, GigaFlow, GigaStor and Observer Management Server.

“Most IT teams are caught in a never-ending cycle of firefighting, reacting to performance issues and fighting to secure the necessary resources. Proactive capacity planning and demand management can resolve many of these headaches,” said Charles Thompson, Vice President and General Manager, Enterprise and Cloud, VIAVI. “The enhanced Observer Platform takes on network capacity challenges to simplify the strategic allocation of WAN bandwidth, and eases the burden of managing performance issues, no matter where and when remote workers are accessing the network.”

To learn more, visit: www.viavisolutions.com/en-us/ptv/products/observer-platform.

China sets eyes on advanced chip production

May 11, 2021 Published by Roboticulized.com

A news report by China.org.cn on China sets eyes on advanced chip production.

China’s semiconductor industry is speeding up its development of advanced chips as the homegrown 28 nanometer (nm) process is set to enter mass production this year, while the 14 nm process aims to follow suit next year, according to multiple sources.

In the industry, 28 nm is the dividing line between low-to-mid range and mid-to-high end integrated circuit (IC) manufacturing.

Besides chips for central processing units, graphics processing units and artificial intelligence, other mainstream industrial products such as televisions, air conditioners, automobiles, high-speed trains, satellites, industrial robots, elevators and drones are the most common applications for the 28 nm technology process.

“China urgently needs to move toward mid-to-high end chip production, and being able to produce 28 nm chips means that it can meet most of the demand for chips without relying on other countries,” said Teng Ran, head of the Integrated Circuit Industry Research Center of CCID Consulting, a firm affiliated with a think tank under the Ministry of Industry and Information Technology (MIIT).

According to Teng, as the 14 nm chipmaking process matures next year, Semiconductor Manufacturing International Corporation (SMIC) will join the ranks of Intel, TSMC and Samsung as the first Chinese company to acquire the 14 nm technology and put it into mass production.

Teng said that SMIC’s 14 nm process will be applied in the areas of 5G technology and high-performance computing, and can largely meet the demand.

China’s breakthrough in advanced chipmaking comes at a time when SMIC and other Chinese tech companies are facing major trade restrictions enforced by the United States.

Last year, progress in Chinese chip manufacturing technologies exceeded expectations domestically with breakthroughs in millimeter waves for 5G and the successful tape-out of SMIC’s FinFET N+1 process chip.

China’s IC industry is transforming from high-speed development to high-quality development, Teng said.

According to estimates from the Chinese semiconductor industry, China’s IC sales reached 884.8 billion yuan in 2020, representing an average annual growth rate of 20%, and three times the growth rate of the global IC industry during the same period, said Tian Yulong, chief engineer and spokesperson of the MIIT, at a press conference on March 1.

The IC industry in China achieved impressive and consistent growth during the 13th Five-Year Plan period (2016-2020), with significant improvements to manufacturing techniques, packaging technologies and key equipment materials, said Tian.

“Companies also grew steadily, a number of which emerged as global leaders in design, manufacturing, packaging and testing, and other links on the industrial chain,” Tian added.

While having made progress on multiple fronts, Teng admitted that China is still playing catch-up when it comes to more advanced chip development. He called for more international collaboration as the IC industry is truly a global industry and no country should be isolated from the industry chain.

Bathroom Accessories Market Size Worth $37.08 Billion By 2028: Grand View Research, Inc.

May 10, 2021 Published by Roboticulized.com

The global bathroom accessories market size is expected to reach USD 37.08 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 10.2% from 2021 to 2028. The rising instances of home remodeling projects across countries are revamping the growth of the overall market. With the rising home prices, consumers are increasingly investing in home improvement or home remodeling projects rather than buying new homes. The U.S. economy steadily expanded with rising home prices and low unemployment from mid-2009 to 2019, thereby putting more equity in the pockets of homeowners and downward pressure on the number of homes in negative equity.

Key suggestions from the report:

Asia Pacific is expected to register the fastest CAGR from 2021 to 2028. The regional construction industry, which was valued at nearly USD 5 trillion in 2019, is expected to grow at an average annual rate of 8% (2019-2025), with spending and investments pledged by regional governments to provide affordable housing to the poor
By product, paper holders are expected to expand at the CAGR of 10.1% from 2021 to 2028. The segment is driven by the hospitality sector, which includes hotels, hospitals, and guest houses
The towel rack/ring product segment held the largest share of 41.4% in 2020 owing to its higher penetration across households as well as commercial sectors

Read 80 page research report with ToC on “Bathroom Accessories Market Size, Share & Trends Analysis Report By Product (Towel Rack/Ring, Hook, Paper Holder, Grab Bars), By Region (North America, Europe, APAC, Central & South America, MEA), And Segment Forecasts, 2021 – 2028″ at: https://www.grandviewresearch.com/industry-analysis/bathroom-accessories-market

According to a report published by Houzz, Inc., the average expenditure on bathroom interior renovations in the U.K. was 4,000 Euros in 2018. In the U.S., the average expenditure on guest/other bathrooms was USD 3,500 and for the master bedroom, it was USD 8,000 in the same year. The report also showed that 51% of consumers hired plumbers for various tasks and with consumers looking to add professional touches to their bathrooms, this trend is estimated to rise over the forecast period. This is likely to boost the sales of bathroom accessories.

According to the Home Improvement Research Institute (HIRI), home improvement spending by Americans was estimated to reach USD 439.9 billion in 2020, registering a rise of 8.7%. Moreover, homeowners have been investing in lifestyle-enhancing projects against merely necessary maintenance activities.

In addition, the rising commercial sector, along with the expansion projects in the hospitality industry, is helping paint a positive scenario for the market. According to Hospitalitynet.org, in 2019, with 435 new hotels with 58,202 rooms opened throughout Europe, the region is expected to contribute majorly to the growth of the European market for bathroom accessories. According to TOPHOTELNEWS, Europe leads on a region-by-region basis with 185 hotels and 31,814 rooms, followed by North America with 136 new properties and 23,742 keys in January 2021.

The towel rack/ring product segment held the largest share of 41.4% in 2020. The growing popularity of heated towels in various colors and forms is expected to keep the market growth high over the coming years. Innovation by manufacturers in terms of product design aimed at widening product portfolio to gain competitive advantage is expected to be a key market trend. For instance, Vogue UK introduced ‘Towel Warmers’ that dry wet napkins and towels. The warmer or heated rails keep the towel fabric soft during the drying process.

Grand View Research has segmented the global bathroom accessories market on the basis of product and region:

Bathroom Accessories Product Outlook (Revenue, USD Million, 2016 – 2028)
- Towel Rack/Ring
- Hook
- Paper Holder
- Grab Bars
- Others
Bathroom Accessories Regional Outlook (Revenue, USD Million, 2016 – 2028)
- North America
  - U.S.
- Europe
  - U.K.
- Asia Pacific
  - China
  - India
- Central & South America
- Middle East & Africa
  - UAE

List of Key Players of Bathroom Accessories Market

LIXIL Group Corporation
TOTO Ltd.
Kohler Co.
Roca Sanitario, S.A.
Moen Incorporated
Hansgrohe Group
Gerber Plumbing Fixtures LLC
Monarch Bath Pvt. Ltd.
Bolina Holding Co., Ltd.
ASI American Specialties, Inc.

Find more research reports on Homecare & Decor Industry, by Grand View Research:

Treehouse Glamping Market – Global treehouse glamping market size was valued at USD 186.3 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 8.7% from 2021 to 2028.
Cookware Market – Global cookware market size was valued at USD 11.84 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 6.9% from 2021 to 2028.
Fiberglass Sunscreen Market – Global fiberglass sunscreen market size was valued at USD 1.91 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 5.3% from 2021 to 2028.

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Altair One Cloud Platform Delivers Most Advanced Environment for Collaborative, Data-driven Design and Development

May 10, 2021 Published by Roboticulized.com

Altair (Nasdaq: ALTR), a global technology company providing solutions in simulation, high-performance computing (HPC), and artificial intelligence (AI) announced general availability for a host of new features and functionality in Altair One, a fully integrated platform that brings together the company’s entire product suite and HPC capabilities to facilitate seamless collaboration and faster time-to-market. Eliminating the boundaries between computer-aided engineering (CAE) and data analytics, Altair One delivers access to a unified development environment and offers multi-disciplinary teams the on-demand HPC critical to complete complex projects quickly and efficiently.

“Altair One provides a modern, single pane of glass approach to leverage HPC and cloud resources for running computational science applications anywhere and everywhere at scale, which is key to optimizing outcomes and achieving faster time-to-value,” said James R. Scapa, founder and chief executive officer, Altair. “With the launch of Altair One, we are empowering our customers with all the software and tools to seamlessly manage hybrid on-premises and cloud HPC resources to process workloads in the most cost-efficient and fastest way possible.”

The instant availability of Altair’s HPC resources means that designers, engineers, and data scientists can run their complex projects without any need for the support of in-house HPC infrastructures. Altair One offers the ability to provision turnkey, scalable appliance clusters across all major cloud providers including Amazon AWS, Microsoft Azure, Oracle Cloud Infrastructure, and Google Cloud Platform in just a few mouse clicks.

The launch of Altair One establishes a robust roadmap of progressive development in features and functionality. By providing organizations the flexibility to seamlessly migrate workloads between cloud providers and on-premises environments, Altair One empowers teams to pivot quickly and embrace new technology while avoiding vendor lock-in.

Anytime, anywhere access to world-class tools and HPC

Altair One is a single portal for Altair’s products, accessible anywhere via standard workstations, PCs, laptops, and mobile devices. Users also have access to exclusive Altair One tools including:

Altair DesignAI – Combines physics-based simulation-driven design and machine learning-based AI-driven design to create high-potential designs earlier in development cycles
Altair Material Data Center – A multi-domain material properties repository to help create sustainable, efficient, minimum-weight designs

“Altair is a leader in simulation, HPC solutions and workload management. Altair One is a key differentiator because of its ability to provide seamless access to the cloud and delivers unmatched value for Altair’s customers,” said Nidhi Chappell, GM Workload Optimized Compute, Microsoft.

“The integration of Altair One with Oracle’s next-generation cloud infrastructure provides customers the ability to leverage fast and scalable computing in a highly secure environment – including bare-metal HPC servers and GPUs – for complex simulations,” said Clay Magouyrk, executive vice president, Oracle Cloud Infrastructure. “Together, Oracle Cloud Infrastructure and Altair One put the power of HPC at the fingertips of customers everywhere – without having to purchase expensive hardware, leading to improved productivity and optimized resource utilization.”

Data-driven development with AI- and ML-enabled analytics

Altair One facilitates a truly data-driven approach to product development. Designers, IT specialists, and the C-suite can build deeper insight and reach better decisions faster with Altair’s AI and machine learning (ML) enabled data analytics and data management tools. Diverse teams can work on the same models, with ubiquitous access ensuring effortless knowledge sharing and data transfer. The full value of both current and historic simulation and analysis is therefore realized.

Flexible, scalable HPC support

Altair One provides simple HPC access portals for end-users and intuitive management portals for IT administrators. Powered by Altair PBS Works, Altair One leverages the same workload management technology used by many of the world’s Top 500 HPC systems and foremost supercomputing centers. Altair One does not require additional capital expenditures on complex IT and can scale immediately in response to peaks in workload.

Flexibility is further enhanced by Altair Units, Altair’s patented, subscription-based licensing model that allows organizations to pay only for what their employees need, when they need it.

Additional notable features in Altair One include the ability to:

Launch applications in the cloud instantly with zero download
Run complex HPC solver jobs in the cloud within a simple, intuitive user experience
Provision turnkey, scalable appliance clusters in just a few mouse clicks
Securely upload, access, store, and manage data using the Altair One drive

HEAL Software Inc. Introduces Industry’s First Preventive Healing AIOps Software for IT Operations

May 10, 2021 Published by Roboticulized.com

HEAL Software Inc., one of the leading Artificial Intelligence for IT operations (AIOps) solution providers, launched the world’s first preventive healing software technology for IT operations. The flagship product named HEAL leverages Artificial Intelligence and Machine Learning to identify and prevent future issues from occurring while detecting and solving existing problems. The innovative solution aims to help enterprises reduce their downtime to near zero.

The category-first software has taken the role of AIOps to the next level for enterprises looking to efficiently manage IT operations and reduce downtime drastically. With its R&D centre in Bengaluru, the software was conceptualized and developed in India, exemplifying the spirit of Atmanirbhar Bharat.

According to George Thangadurai, Chief Executive Officer, HEAL Software Inc., “COVID-19 has accelerated digitalization of the enterprises and compelled organizations to move beyond traditional Application Performance Management tools and embrace AIOps. This has increased relevance for a solution like HEAL significantly as enterprises reprioritize their investment and focus on ensuring business resilience and continuity. HEAL is sector agnostic and has strong relevance for transaction heavy sectors such as BFSI, e-commerce, telecom, travel & hospitality, healthcare, etc.”

Talking further about the software he adds, “It is an innovative healing solution that replaces the traditional “break and fix” model with “predict and prevent” thereby revolutionizing the experience of enterprises dealing with heavy workload. HEAL is the first product rolled out under our Preventive Healing Enterprise product portfolio for cloud, edge, and on-premise deployments. We expect to roll out more innovative products in the coming future to address the dynamic needs of the Indian enterprises.”

Enterprises spend an enormous number of hours going through the process of problem detection and resolution. In fact, service outages cost an average of $72K per minute and data center outages can cost up to $740K. The damage to a company’s name or brand reputation is very significant and takes a long time to recover in today’s public and social media. IT departments are plagued with tens of thousands of alerts a week, causing alarm fatigue and making it hard for them to prioritize which problems need immediate attention.

Most of the time, problems are discovered after the damage is done, and the technical failures have been flagged by customers. With HEAL’s unique preventive healing approach, issues are detected and resolved before an incident occurs. HEAL’s AI engine studies the business’ systems to learn the normal operating routine, continuously monitors systems, and identifies unusual behavioral patterns. Thus, HEAL can find the root causes of anomalies and takes corrective actions autonomously or via AI-augmented human effort before any damage is done. All of this can be done without the need for human intervention – saving substantial time and money usually spent on identifying and resolving problems related to software and infrastructure.

High-frequency Trading Server Market Size Worth $501.0 Million By 2028: Grand View Research, Inc.

May 8, 2021 Published by Roboticulized.com

The global high-frequency trading server market size is expected to reach USD 501.0 million by 2028, registering a CAGR of 3.5% from 2020 to 2028, according to a study conducted by Grand View Research, Inc. In the trading industry, servers play a pivotal role in reducing tick-to-trade delays; this is driving the product demand. Furthermore, with improvements in server technology over the years, high-frequency trading (HFT) servers, in particular, have witnessed several advancements in terms of processor technology, which is creating opportunities for industry growth. These advancements are fueled by the need to track stock markets where every nanosecond counts and are expected to become an indispensable element of the finance sector over the coming years.

Key suggestions from the report:

The x-86 based processor segment accounted for the highest revenue share in 2020 and is estimated to retain the dominant position throughout the forecast period registering a steady CAGR from 2021 to 2028
The large-scale adoption of operating systems based on x86-based architecture for high computing applications is expected to drive the segment growth over the forecast period
4U form factor is anticipated to register a CAGR exceeding 3% over the forecast period due to rising usage on account of its capability to handle high-performance computing application
The foreign exchange segment accounted for over 29% of the overall global revenue share in 2020
Early adoption of automating currency management solutions in the currency derivatives market by hedge fund firms is anticipated to favor segment growth over the forecast period
Europe is anticipated to register the second-highest CAGR over the forecast period due to the early adoption of HFT technology and favorable MIFID II regulations for traders and investors in the region

Read 101 page research report with ToC on “High-frequency Trading Server Market Size, Share & Trends Analysis Report By Processor (X-86-based, ARM-based), By Form Factor (2U, 4U), By Application (Equity Trading, Forex Markets), And Segment Forecasts, 2021 – 2028” at: https://www.grandviewresearch.com/industry-analysis/high-frequency-trading-servers-market

Increased adoption of algorithmic trading in global financial markets has encouraged companies in the financial sector to opt for high-speed transactions. Technological advancements, such as integrating AI and social media feeds with electronic trading, are expected to drive the demand for high-speed trading transactions. Thus, the demand for low-latency trading servers has increased tremendously among the derivatives, quantitative, and proprietary trading firms. Asia Pacific has become one of the new revenue pockets for market growth.

Favorable government regulations for the implementation of automated trading and new investment law in China have emerged as potential revenue streams for the vendors. Furthermore, the surge in adoption of Artificial Intelligence (AI) and machine learning technology by small-sized hedge fund firms, is anticipated to drive the overall product demand over the forecast period. A competitive edge is now determined by nanoseconds and microseconds. Speed is important to market participants, such as large investment banks, hedge funds, and other financial companies, because it impacts profitability, and hence the deployment of HFT servers is of paramount importance.

Grand View Research has segmented the global high-frequency trading server market on the basis of processor, form factor, application, and region:

HFT Servers Processor Outlook (Volume, Units; Revenue, USD Million, 2017 – 2028)
- X-86-based
- ARM-based
- Non-x86-based (MIPS, Imagination)
HFT Servers Form Factor Outlook (Volume, Units; Revenue, USD Million, 2017 – 2028)
- 1U
- 2U
- 4U
- Others (3U, 5U, 6U, 7U)
HFT Servers Application Outlook (Volume, Units; Revenue, USD Million, 2017 – 2028)
- Equity Trading
- Forex Markets
- Commodity Markets
- Others (Bonds and Other Derivatives)
HFT Servers Regional Outlook (Volume, Units; Revenue, USD Million, 2017 – 2028)
- North America
  - U.S.
  - Canada
- Europe
  - U.K.
  - Germany
  - France
  - The Netherlands
  - Rest of Europe
- Asia Pacific
  - China
  - India
  - Japan
  - Australia
  - Rest of Asia Pacific
- Latin America
  - Brazil
  - Mexico
  - Rest of Latin America
- Middle East & Africa

List of Key Players of High-frequency Trading (HFT) Server Market

ASA Computers, Inc.
Blackcore Technologies
Business Systems International Ltd.
CIARA
Dell
HP Enterprise Development LP
Hypershark Technologies
Lenovo
Penguin Computing
Super Micro
Tyrone Systems
XENON Systems Pty Ltd.

Find more research reports on Next Generation Technologies Industry, by Grand View Research:

Fraud Detection And Prevention Market – The global fraud detection and prevention market size was valued at USD 20.98 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 15.4% from 2021 to 2028.
Europe Data Center Colocation Market – The Europe data center colocation market size was valued at USD 12.81 billion in 2020. It is expected to expand at a compound annual growth rate (CAGR) of 13.1% from 2021 to 2028.
Digital Twin Market – The global digital twin market size was valued at USD 5.04 billion in 2020. It is expected to expand at a compound annual growth rate (CAGR) of 42.7% from 2021 to 2028.

Beeline Acquires JoinedUp To Meet High-Volume, Shift-Based Workforce Demand

May 8, 2021 Published by Roboticulized.com

Beeline, the pioneer of the world’s first extended workforce platform, today announced the acquisition of JoinedUp, a high-volume workforce solution catering to the challenges and complexities experienced in the field with shift-based temporary labor. The acquisition further affirms Beeline’s market leadership position as the only global platform with end-to-end capabilities and functionality for clients to source and manage the full spectrum of the extended workforce.

While vendor management systems (VMS) have traditionally serviced some high-volume staffing, they have not been widely adopted due to the complexities in managing this labor category at the operational site level. The market has long sought a global solution focused on the workflow and nuances associated with shift work. JoinedUp’s workforce management solution caters to shift-based work with its innovative approach to order fulfillment, scheduling, availability, time entry, and invoicing. This integration uniquely equips Beeline to better serve all contingent workforce needs for its existing clients while also allowing the company to serve new markets and customers where shift-based work is the dominant source of an organization’s non-employee labor.

Doug Leeby, Beeline CEO, said, “High-volume, shift-based work is about one thing- fulfilling open shifts. JoinedUp allows us to offer an elegant and efficient solution that benefits both the client’s site personnel as well as the staffing firms responsible for servicing this highly dynamic environment. We now provide the head office with compliance and visibility and field operations with scheduling, time & attendance, and complex rate calculations. JoinedUp has built an incredible team and a proven product. We look forward to introducing these integrated solutions to our clients.”

“Managing high-volume, shift-based assignments is massively inefficient today, creating one of the biggest pain points for companies and workers alike,” said Adam Thompson, JoinedUp co-founder and owner. “Organizations need to fill openings quickly; workers need an easy way to find shifts. When we take JoinedUp’s capabilities and pair them with Beeline’s extensive client base all over the world, we will have a huge impact on these pain points and enable better productivity for enterprises, staffing firms, and workers alike.”

Shoosmiths LLP served as legal counsel to Beeline. JoinedUp leveraged financial advisement from ICON Corporate Finance Ltd, legal counsel from Osborne Clarke LLP, and tax advisement from RSM UK Group LLP.

Business Reporter: Why the customer journey is more circuitous than you might think

May 8, 2021 Published by Roboticulized.com

In a video published on Business Reporter, Raj De Datta, CEO at digital experience platform provider Bloomreach, explains that mapping the customer journey may not be the best way of understanding how to deliver customer satisfaction.

While many have been taught to think about the customer journey as a linear process, most customers simply don’t behave in this fashion, De Datta noted. The customer journey, and customers themselves, are far more complex.

Responding to this more complex customer journey requires data that can provide a deep understanding of customers. Effective technology platforms help businesses to act on this data in real time, enabling them to communicate with customers through channels including the e-commerce site, social media, and emails.

One important technology that powers this is artificial intelligence (AI). Using machine learning to drive constant improvement, AI enables the most engaging messages for the most desired products to be placed in front of target consumers at the best time.

E-commerce is at an inflexion point. It’s no longer sufficient to provide an online retail service. Today, it’s essential to stand out by acknowledging the complexities of your customer’s journey and delivering a personalized experience that meets their needs.

Polystyrene Foam Market worth $32.2 billion by 2026 – Exclusive Report by MarketsandMarkets™

May 7, 2021 Published by Roboticulized.com

According to the new market research report “Polystyrene Foam Market by Resin Type (EPS AND XPS), End-use Industry (Construction and Industrial Insulation, Packaging, Building and Construction), Region(APAC, Europe, North America, South America, and Middle East & Africa) – Global Forecast to 2026″, published by MarketsandMarkets, the global Polystyrene Foam Market size will grow to USD 32.2 billion by 2026 from USD 26.4 billion in 2021, at a CAGR of 4.1% during the 2021-2026 period.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=231315126

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154 – Tables
63 – Figures
206 – Pages

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EPS is projected to be the largest resin type of the Polystyrene Foam market.

EPS is the largest type in Polystyrene foam market in terms of volume. EPS is a lightweight thermoplastic material with special properties because of its structure that helps protect the product from getting damaged. The growing building & construction and packaging industries in developing countries are driving the EPS market. EPS is an excellent material for applications in these industries, as it is lightweight yet rigid foam with good thermal insulation and high impact resistance. However, volatility in crude oil prices and the availability of high-performance substitutes are restraining the market growth. The easy recyclability of polystyrene products is expected to offer opportunities for the growth of the EPS market during the forecast period.

Building and Construction is the fastest-growing pigment type of the Polystyrene Foam market.

Building and Construction is the fastest growing end-use industry in Polystyrene Foam market, in terms of value and volume both. Polymer foams are used in the building & construction industry for forging, pipe-in-pipe, doors, roof board, and slabs. PU is the dominant foam used in the building & construction industry for insulation. It has low heat conduction coefficient, low density, low water absorption, and relatively good mechanical strength and insulating properties, which are helpful in the building & construction sector.

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APAC is the largest Polystyrene Foam market globally.

APAC is projected to lead the Polystyrene foam market and this dominance is expected to continue till 2026. China is the key market in the region, consuming close to half of the demand for Polystyrene foam market. The region is seen as a lucrative market for the growth of Polystyrene foam market. Increasing foreign investments increases the overall demand for Polystyrene foam market. Apart from major countries such as China, India, and South Korea, countries like Indonesia and Thailand are gathering attention and are growing at a brisk pace.

The key players profiled in the Polystyrene Foam Market report are Loyal Group (China), Wuxi Xingda New Foam Plastics Materials Co., Ltd. (China), BASF SE (Germany), Synthos (Poland), Jiangsu Leasty Chemicals (China), Sunpor Kunststoff GmbH (Austria), Versalis S.p.A (Italy), BEWiSynbra Group (Sweden), and Ravago (Luxembourg).

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Browse Adjacent Markets: Chemical Market Research Reports &Consulting

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Expanded Polystyrene (EPS) Market by Product Type (White, Grey, Black), End-use Industry (Building & Construction, Packaging, Others), and Region (Asia Pacific, Europe, North America, Middle East & Africa, South America) – Global Forecast to 2023

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Youibot received RMB 100mn in a new funding round

May 7, 2021 Published by Roboticulized.com

On May 7, Youibot, a mobile robot and solution provider, announced it received financing of RMB 100 million led by SoftBank Ventures Asia.

The Youibot which won SoftBank Ventures Asia’s investment this time is a leading enterprise in China’s industrial mobile robotics sector. Compared to the more concerns the research, development and production of the mobile robot itself, Youibot focuses on scenario empowerment and software service and supporting capacity from the perspective of customer’s actual needs and top-level design of automation upgrading.

“It’s just the first step of factory upgrading and transformation to realize unmanned operation via mobile robot, while what’s more important is to deeply integrate mobile robot into business management via industrial service software, assisting in resource optimization and decision-making.” The model of mobile robot + industrial service software has more value and service space and can better adapt to customer needs. This is the optimal form of development of mobile robot in future, said Youibot CEO Cody Zhang.

Youibot is among the mobile robot businesses which started earliest to lay out in software systems. Take YOUI TMS Smart Logistics System for manufacturing industry as an example. It can upgrade the physical flow of mobile robots between processes to data connection, has the ability to perform overall logistics independent scheduling according to enterprise information systems such as ERP, WMS, MES, and complete the full coverage of logistics data from the material preparation warehouse to the production line and then to the finished product warehouse.

Basing on the “bottom” to “end” scenario full cycle closed-loop solution, Youibot is rooted in the vertical segmentation of the precision manufacturing and energy industries, and has built deep business barriers with its technological advantages. “Only going deep into scenarios can bring outburst of innovation and sustained vitality,” as always noted by Cody Zhang, in the three major fields of intelligent manufacturing, intelligent inspection, operation and maintenance and power, Youibot has always focused on the actual scenarios of customers, listened to and solved their real needs, and helped them achieve the goals of cost reduction, efficiency, flexible production and digital management.

Currently, Youibot has served big name brands including CRRC Zhuzhou, Huawei, Michelin, FASTRE, ASM, Huaneng Group, put into practice the solutions of smart upgrade in over 20 fields, and is maintaining a competitive advantage in the fragmented markets of the robotics such as power plant, semiconductor. In addition, Youibot has established a deep channel sales network with more than 60 countries such as Japan, South Korea, Singapore, Spain and Germany.

Youibot’s rapid development has won recognition and support from SoftBank Ventures Asia. According to SoftBank Ventures Asia’s partner Ding Haipeng, Youibot’s complete closed-loop solution from hardware products to service software, its deep focus on the scenario and strong technical support, give it the ability to quickly occupy the market, seize every market opportunity and lead innovation and change in the increasingly fierce competition of mobile robotics.

Founded in 2000, SoftBank Ventures Asia is the global early-stage venture arm of SoftBank Group. The firm prefers to invest in TMT, including the Internet, artificial intelligence, semiconductor, software and consumer brands. As a bridge between enterprises and SoftBank Group, SoftBank Ventures Asia invests in start-ups with a strong potential on a global scale, helping them to closely integrate with the SoftBank ecosystem and achieve coordinated development. SoftBank Ventures Asia has invested in more than 250 companies in 10 countries and regions, with offices in Seoul, San Francisco, Tel Aviv, Beijing, Singapore, and others.

In this funding round, Youibot obtained continuous investment from SIG and BlueRun. As pointed out by BlueRun’s managing director Cao Wei, “Under the wave of new infrastructure, the transformation and upgrading of traditional industries are accelerating, and the application of pan-industrial automation is facing unprecedented market opportunities. As the leader of mobile robots, Youibot has gone deep into vertical scenarios to create a closed-loop service for customers. Its solutions have been put into practice in many fields such as manufacturing and energy. We look forward to witnessing the process of reform and development of the mobile robot enabling industry together with Youibot.”

SIG partner Guo Lu said, “As a foundation for opening up future industry and automation of maintenance scenarios, mobile robots will have greater value and growth space in the business management process empowerment in the future. As a leader in the industry with rich experience in team management and solid business capabilities, Youibot has continuously deepened its application in various fields, and has entered a stage of rapid development. We have confidence in the development of Youibot and look forward to creating value for more customers.”

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