Artificial Intelligence in Energy Market: Incremental Growth is Expected to be Worth $ 6.79 Billion …
Artificial intelligence in energy market is expected to grow by USD 6.79 billion during 2021-2025, according to Technavio.
Enterprises will go through the Response, Recovery, and Renew phases.
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Key Considerations for Market Forecast:
- Impact of supply chain disruptions, demand destruction, and change in customer behavior
- Optimistic, probable, and pessimistic scenarios for all markets
- Quarterly impact analysis and updates on market estimates
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Related Report on Information Technology Industries:
Applicant Tracking Systems Market by Deployment and Geography – Forecast and Analysis 2021-2025
Major Three Artificial Intelligence In Energy Market Participants:
ABB Ltd.
ABB Ltd. operates its business under segments- Electrification, Industrial Automation, Motion, Robotics & Discrete Automation, and Corporate and Other. The company offers ABB Ability Electrical Distribution Control System (EDCS) with AI-powered applications such as energy forecasting and intelligent alerts for efficient energy management.
Alphabet Inc.
Alphabet Inc. operates its business under segments- Google and Other Bets. The company offers a line of solutions such as project Sunroof and an end-to-end demo system, a machine learning model built on Google Cloud Platform using TensorFlow to monitor home appliances power behavior individually.
Flex Ltd.
Flex Ltd. operates its business under segments – High Reliability Solutions, Industrial and Emerging Industries, Communications & Enterprise Compute, and Consumer Technologies Group. The company offers a line of advanced solar trackers and software systems such as TrueCapture and NX Navigator to improve power monitoring and control capabilities through its subsidiary Nextracker.
Artificial Intelligence In Energy Market 2021-2025: Segmentation
Artificial intelligence in energy market is segmented as below:
- Geography
- North America
- Europe
- APAC
- MEA
- South America
- Solution
- Software
- Hardware
- Services
Artificial intelligence in energy market is driven by the increasing adoption of cloud-based solutions. In addition, growing demand for data integration and visual analytics is also expected to trigger the artificial intelligence in energy market toward witnessing a decelerating CAGR of over 34% during the forecast period.
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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SOURCE Technavio
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Published at Mon, 21 Jun 2021 22:18:45 +0000
Intel asks Cellwize to CHIME in to boost 5G vRAN
Intel teamed with automation and orchestration company Cellwize Wireless Technologies to boost 5G vRAN deployments, adding support for the latter’s CHIME network optimization platform on its Xeon Scalable processors and FlexRAN reference software.
Born out of a collaboration with Verizon in July 2020, Cellwize’s CHIME platform uses artificial intelligence and machine learning to automate RAN optimization, weighing a variety of factors to enable more efficient design and operation of cell sites.
Cristina Rodriguez, VP and GM of the Wireless Access Network Division at Intel, told Fierce that integrating CHIME with its FlexRAN platform will open the door to “new innovations that are going to make the RAN smarter, that are going to provide an intelligent RAN that can make decisions so operators don’t have to overprovision their network and they can be very efficient and they can have the best total cost of ownership. That’s the idea.”
Cellwize CEO Ofir Zemer added in a statement the move will enable operators to deploy vRAN faster and reduce “operating expenses to configure and activate cell sites.”
RELATED: Qualcomm Ventures invests in four tech startups to build 5G ecosystem
Mobile Experts principal analyst Joe Madden told Fierce he doesn’t necessarily think “merchant AI tools will have much impact on the pace of vRAN deployment right now, but they will have an impact on the performance of vRAN farther down the line.” He added such “AI-based optimization will come into play in order to extract higher performance from the hybrid network.”
In late 2020, Intel’s investment arm Intel Capital joined a handful of other big-name telecom players in backing Cellwize financially, leading a $32 million Series B funding round alongside Qualcomm Ventures. Verizon and Samsung’s investment divisions also participated.
RELATED: Intel busts out networking gear, software pre-MWC
Intel has staked out a key position in the vRAN market, with Rodriguez highlighting “tremendous momentum” behind the technology and noting its FlexRAN software now has more than 100 licensees. She pointed to Intel’s work on vRAN with Verizon and Dish Network in the U.S., Rakuten in Japan and Deutsche Telekom in Europe as examples of its pole position.
In a blog posted on Monday, Dan Rodriguez, GM of Intel’s network platforms group, claimed “nearly all commercial vRAN deployments are running on Intel technology” today. In the coming years, the company expects vRAN base station deployments to ramp from hundreds to hundreds of thousands and eventually millions, he added.
RELATED: It’s now or never for vRAN — Industry Voices: Madden
Madden also predicted “strong growth” in vRAN deployments over the next two years. “Essentially the market is changing from a few greenfield networks to some major operator networks during 2021 so we will see a major shift in the scale of deployment this year,” he said.
Published at Mon, 21 Jun 2021 21:33:45 +0000
