Press release
Cyber-physical Systems Market Size to Grow at a Steady Rate During Forecast Period ( 2017-2027)
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
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.
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