Cyber-physical Systems Market size and Key Trends in terms of volume and value 2

Posted by shreyas patankar on August 23rd, 2017

Cyber-physical Systems Market: Introduction

A cyber-physical system is a technology, which is being monitored or controlled by computer-based algorithms and integrated with the internet and its subscribers. In CPS (cyber-physical systems), software and hardware component are strongly integrated to analyze the local environment and exhibit proper solutions. In CPS both hardware and software are operating on different spatial and temporal scales, to display different and unique behavior to build interaction with every level of interface.

Each layer interacts with each other to build a strong integrated channel and can generate the output based on input received by sensors, software, etc.

Distributed Robot Garden in Massachusetts Institute of Technology; a private research university in Cambridge is the real application of cyber-physical systems. In this distributed garden, robots plant tomatoes and can sense the requirement of the individual plant. Further, as per need identified by sensors, the robot delivers the required solution to the individual plant. This type of distributed garden can resolve many issues such as sensing exact water requirement, which may reduce water wastage.

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Cyber-physical Systems Market: Drivers and Restraints

Humans are the crucial resource of an organization, in some places such as military grounds, chemical factories, human life is at risk. Owing which the demand for the artificial intelligence to replace human from dangerous places are the key driver fuelling the growth of the cyber-physical systems market. Further, advancement in embedded intelligence, cognitive computing, and artificial intelligence are attributing to open new growth opportunities for the cyber-physical systems market over the forecast period.

Integration of various technology under one platform increases the complexity of the system, which is expected to be the major challenge for cyber-physical systems market to grow in the forthcoming years.

Global Cyber-physical Systems Market: Market Segmentation

Global Cyber-physical Systems Market may be divided into two segments, on the based Application, and Region.

Segmentation on the basis of the application for Cyber-physical Systems Market may be:-

The major segments of Cyber-physical Systems Market on the basis of the application may include:

  • Communication
  • Consumer
  • Energy
  • Infrastructure
  • Healthcare
  • Manufacturing
  • Military
  • Robotics
  • Transportation

Segmentation on the basis of Region for Cyber-physical Systems Market may be:-

The major segments of Cyber-physical Systems Market on the basis of Region may include:

  • Asia-Pacific excluding Japan
  • The Middle East and Africa
  • Western Europe
  • North America
  • Eastern Europe
  • Latin America
  • Japan

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Global Cyber-physical Systems Market: Regional Trend

Europe and North America are expected to be the two major regional markets for cyber-physical systems. The technology may be useful in those areas, where the presence of humans are risky, owing to which Europe and North America are finding new ways of deploying this technology for the industrial application, successful implementation of CPS may reduce the workplace risk and can safeguard human life by nurturing the artificial environment.

Further North America and Europe are considered to be the technologically advanced region, due to this, the demand for Cyber-physical systems are projected to spur in the respective regions. Another driver for the CPS in the North America and Europe are huge dependence on automated systems is catering new avenues for an investor to invest in the particular market.

Global Cyber-physical Systems Market: Competitive Landscape

Since Cyber-physical system market is under ongoing research process, very few players are currently, investigating the need for such technology in various industrial verticals. Owing to which, the major players of different business are uniting their strengths to search more about the Cyber-physical systems technology. The key development associated with the market is mentioned below:-

  • The European IMC-AESOP project is undertaking by major companies such as SAP, Microsoft, Schneider Electric, and Honeywell International Inc. The objective of the project is to search and explore the applicability of cloud-based (CPS) Cyber-Physical Systems and (SOA) Service Oriented Architectures in industrial systems.

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shreyas patankar

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shreyas patankar
Joined: July 25th, 2017
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