Immersive Technology, AI, and Robotics report Findings released by Mind Commerce

The future of Consumer, Enterprise, and Industrial products and services will be Virtual, Artificial, and Automated

In its latest research, Mind Commerce reveals market opportunities and industry challenges associated with Virtual Reality, Artificial Intelligence, and Robotics in consumer, enterprise, and industrial markets. These three technology areas are anticipated to enable solutions that will impact everything from the design, production, distribution, and management of goods and services to the way fundamental manner in which humans work, play, and generally interact with the world.

This study sees teleoperation and cloud technologies as key facilitators of mass consumerization of robotics. In particular the robotics sub-segment known as Cloud Robotics will facilitate a major shift of manufacturing into cloud infrastructure, creating opportunities for Robotics as a Service, which will emerge as a major robotics market segment by 2022 for enterprise and industrial companies.

Mind Commerce sees fully immersive VR systems gaining substantial market momentum in consumer markets by 2021. These VR systems will provide an unprecedented digital experience for humans, often including multiple senses as well as interaction with virtual objects and/or interaction between the real and virtual worlds. In enterprise markets, Mind Commerce sees more than 50% of new VR investment will be for apps to solve industry-specific problems.

The research findings also indicate that the combination of AI and Cognitive Computing will act as a major stimulus for market growth in certain industry verticals. Data Mining will be a leading global segment for AI, reaching $8.5B in revenue by 2022. This study indicates that AI enabled chatbots are moving aggressively beyond CRM in leading industry verticals. Many of these industries are leveraging AI to reduce labor costs and streamline operations. On the negative side, lost jobs due to Chatbots and other AI represent lost wages of $262.7B annually by 2021.

Virtual Reality, Artificial Intelligence, and Robotics 2017 – 2022 provides an in-depth assessment of the VR market including analysis of VR ecosystem and role of value chain partners, assessment of key VR companies and solutions, and analysis of emerging business models and evolution of VR monetization. It also evaluates the VR component (devices, software, hardware, and platforms) market as well as analysis of key VR growth drivers, market challenges, and emerging opportunities.

The AI report component of this research assesses the AI ecosystem, technologies, solutions and market outlook. Key industry verticals covered include use of AI in Internet related services and products, Financial Services, Medical and Bio-informatics, Manufacturing, and Telecommunications. Some of the key application areas covered include Marketing and Business Decision Making, Workplace Automation, Predictive Analysis and Forecast, Fraud Detection and Classification. It also also evaluates various AI technologies and their use relative to analytics solutions within the rapidly growing enterprise data arena. It also assesses emerging business models, leading companies, and solutions. The research also analyzes how human-oriented and machine generated data will drive substantial opportunities for AI support of unstructured data analytics solutions. It also provides forecasting for unit growth and revenue from 2017 – 2022 associated with AI supported predictive analytics solutions.

The Robotics report component of this research assesses the global and regional robotics marketplace including the technologies, companies, and solutions for robots in the Industrial, Enterprise, Military, and Consumer segments. The report includes detailed forecasts for robotics by robot type, components, capabilities, solutions, and connectivity for 2017 to 2022. This research evaluates the ecosystem, players, technologies and solutions for Cloud Robotics. It also evaluates the current state of technologies and assesses the future outlook of integrated teleoperation, robotics, cloud systems and solutions.