Fremont, California, December 18, 2019: According to a new market intelligence report by BIS Research – Global Roboticare Market: Analysis and Forecast, 2019-2029 – the global roboticare market was valued at $408.6 million in 2018 and is estimated to reach $2,574 million by 2029 at a CAGR of 18.27% from 2019 to 2029. The future growth of the global roboticare market is expected to be driven by factors such as growing aging population and rising incidences of physical disabilities. However, the market’s growth is subject to several challenges including ethical concerns, for instance the fear of emotionally intelligent robots replacing human beings for companionship for those using such robots. Globally, the roboticare products are aimed at assisting the patients and healthcare professionals for care in form of emotional and rehabilitation support. The demand for robots has been on a rise worldwide since the evolution of the concept of robots, and their usage has also increased in multiple sectors including healthcare. The rapid pace of innovations in artificial intelligence, increasing demand for assistance in rehabilitation, and a global dearth of nurses for personal care are factors that have also led to an increased demand of the roboticare products. According to Abdul Wahid Khan at BIS Research, “In 2018, North America held the largest market share and constituted over 38.1% of the global revenue, owing to the increasing geriatric population and awareness regarding specialized treatment centers for rehabilitation.” Research Highlights:
The report also profiles leading players such as Sony Corporation, Soft Bank Group, and Samsung Electronics. Katalyst Technologies has worked extensively in robotics and worked with enterprises to implement emerging technologies for their digital transformation, which can help them get a competitive edge and disrupt the dynamics of the market. We have worked with technologies like 3D Printing for manufacturing and automotive industry, AI in healthcare, and our tech experts have consulted enterprises for integrating high-growth applications for strategic business growth. What distinguishes Katalyst Technologies is our 360-degree offerings for not just integrations and implementations, but also our professional strategic consulting and actionable inputs for the success of our clients. Contact our experts for a free business growth strategy discussion today!
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Los Altos, California, December 11, 2019: Didja (http://www.didjatv.com/) today announced the expansion of its live broadcast TV streaming app, “LocalBTV” to the Philadelphia DMA. Philadelphia is the first of several TV markets Didja will add to their LocalBTV trial in the coming months. “PhillyBTV” is available starting today to viewers in the Philadelphia DMA. Didja expects to launch its local broadcast streaming service in New York City and San Diego soon. “LocalBTV” is already available in the Los Angeles, San Francisco and Phoenix TV markets. With the addition of these markets, “LocalBTV” will serve 17% of all US households. The “LocalBTV” trial available in these four markets provides as many as 42 channels of local broadcast TV to viewers on smartphones, PCs and connected TVs at no cost to consumers or to broadcasters. Didja is testing expanded lineups of 100 or more channels in select markets and will gradually add more channels to the public lineup as appropriate. With Didja’s “LocalBTV”, antenna-TV homes will have more viewing options and viewers without access to an antenna can also easily enjoy local broadcast news and entertainment programming on mobile devices and connected TVs anywhere in the broadcast market. In addition, local television stations and independent channels not available through cable providers or streaming services can now be enjoyed by a wider audience. “This announcement is important for two reasons,” said Jim Long, CEO of Didja. “First, we’re excited to bring our local TV streaming service to viewers in the great city of Philadelphia. Second, we’re testing a new, even lower-cost national system architecture and our newest feature, targeted dynamic ad insertion. I’m very proud of our amazing small team and financial backers for this achievement.” Danny Wong, GM of Nielsen rated Sky Link TV 4.2 (KRON-2) in San Francisco, said, “Our variety show, ‘Sing High’, attracts a younger audience and we air it before it goes on YouTube. We know our viewers love and watch this show in real time on the LocalBTV apps.” According to Didja, around 25 million US homes watch TV via an antenna and approximately another 15 million homes have no convenient way to watch local broadcast TV. As Didja expands to new platforms and markets, “LocalBTV” will enable more non-cable-bundle homes to watch quality over-the-air TV, thereby strengthening the reach and impact of local media. The “LocalBTV” app is available in the iTunes and Google Play stores, and in the Roku, Amazon Fire-TV, Apple TV and Android-TV app stores as well. Digital and ecommerce products and services are now working as technology partners for the entertainment industry as well and providing solutions to augment broadcast TV experience in delightful ways. Katalyst Technologies has helped retail, healthcare and pharma, hospitality and travel and tourism to customize their consumer-facing apps that help their users stay engaged. Our expertise in building apps and partnering to host them on hybrid cloud platforms helps businesses expand their revenues while delighting customers by enabling a more direct consumer relationship. Connect for a free consultation with our experts today to understand how your businesses can incorporate customized web and mobile apps to expand your growth.
Salt Lake City, December 3, 2019: Tower Arch Capital is pleased to announce its new partnership with OSM Worldwide, a leading global parcel management and logistics services company. The investment completes a recapitalization with the company’s founding management team, including CEO Gaston Curk and President Jim Kelley.
Founded in 2003, OSM Worldwide is a tech-enabled global logistics management services company serving the e-commerce, publication, and fulfillment industries. The company’s primary services include domestic and international parcel management for the operational delivery of packages ranging from bulk pick-up to last-mile delivery utilizing OSM’s Premium Network® and proprietary tracking software system, OSMART®. CEO Gaston Curk said, “On behalf of the OSM Worldwide team, we are very pleased to partner with Tower Arch Capital to support our continued growth and expansion. The Tower Arch team brings strategic support, capital, and a demonstrated commitment to delivering exceptional service to our customers. We look forward to expanding our business and our footprint through both organic investments and acquisition initiatives.” President Jim Kelley added, “I want to thank all of our employees at OSM for building a culture of excellence and for their commitment to the highest standards in the industry. We are proud of our team and their dedication to delivering high-quality service for our customers every day. Going forward, we anticipate building on that heritage to serve our existing customers, as well as many new customers, for their recurring and daily parcel management and logistics needs.” David Topham, a Partner at Tower Arch Capital, remarked, “Our partnership with OSM Worldwide brings another exceptional service-based company into our portfolio of founder and family-owned businesses. We are thrilled to partner with Jim Kelley, Gaston Curk, and the rest of the management team to fuel the next stage of OSM’s growth. The company’s innovative technology suite, world-class culture, and robust last-mile partner relationships are key differentiators in delivering exceptional value, reliability, and speed. We are committed to the team’s vision of expanding their capabilities to new customers and geographies.” Financing for the transaction was provided by SunTrust Bank, BNP Paribas, and Ally Bank. Advisors for Tower Arch Capital included Kirkland & Ellis LLP and BDO USA LLP. Advisors for OSM Worldwide included Triton Capital Partners LTD, Thompson Coburn LLP, and RSM US LLP. Headquartered just outside of Chicago, Illinois, OSM Worldwide is a tech-enabled global logistics management services company. The company provides parcel delivery services for both domestic and international shipping. The exclusive OSM Premium Network® allows shippers to experience reliable, rapid and economical delivery of parcel packages worldwide. OSM utilizes a proprietary software system that was designed to provide detailed shipment tracking and give shippers the ability to holistically manage their logistics 24/7. Like OSM Worldwide’s proprietary logistics management software, Chicago-based Katalyst Technologies too has its own supply chain management software iCaliper to track productivity issues and monitor supply chain for large enterprises. Katalyst Technologies also offers consultation for IT implementation and operations and has tools customized specifically for retail and ecommerce. Connect for a free chat with our technology experts today! |
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