Connect with us

Technology

AI in Gaming Market to Grow by USD 4.5 Billion (2024-2028), Rising Adoption of AR and VR Games Driving Revenue Growth – Technavio

Published

on

NEW YORK, Dec. 17, 2024 /PRNewswire/ — Report with the AI impact on market trends – The global AI in games market  size is estimated to grow by USD 4.5 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  24.65%  during the forecast period.  Growing adoption of ar and vr games is driving market growth, with a trend towards increasing emergence of cloud gaming. However, network latency in between games  poses a challenge. Key market players include Alphabet Inc., Capcom Co. Ltd., Charisma Entertainment Ltd., COGNOSPHERE PTE. LTD., Electronic Arts Inc., Konami Group Corp., Latitude, Microsoft Corp., NetEase Inc., Nintendo Co. Ltd., NVIDIA Corp., PrometheanAI Inc., Side Effects Software Inc., Sony Group Corp., Take Two Interactive Software Inc., Tencent Holdings Ltd., Theai Inc., Ubisoft Entertainment SA, Unity Software Inc., and Vivendi SE.

AI-Powered Market Evolution Insights. Our comprehensive market report ready with the latest trends, growth opportunities, and strategic analysis- View Free Sample Report PDF

Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Type (AI enabled platforms and AI enabled games), Technology (Machine learning, Natural language processing, Computer vision, and Robotics), and Geography (North America, APAC, Europe, South America, and Middle East and Africa)

Region Covered

North America, APAC, Europe, South America, and Middle East and Africa

Key companies profiled

Alphabet Inc., Capcom Co. Ltd., Charisma Entertainment Ltd., COGNOSPHERE PTE. LTD., Electronic Arts Inc., Konami Group Corp., Latitude, Microsoft Corp., NetEase Inc., Nintendo Co. Ltd., NVIDIA Corp., PrometheanAI Inc., Side Effects Software Inc., Sony Group Corp., Take Two Interactive Software Inc., Tencent Holdings Ltd., Theai Inc., Ubisoft Entertainment SA, Unity Software Inc., and Vivendi SE

Key Market Trends Fueling Growth

Cloud gaming’s adoption is growing due to its accessibility and cost-effective structure. Grid computing enables streaming of high-quality games to devices via wired or wireless connections. Cloud gaming eliminates the need for expensive hardware and offers click-to-play simplicity. AI plays a crucial role in optimizing cloud costs and enhancing gaming experiences. The global AI in games market will benefit from this trend, with AI-driven techniques like auto-scaling and cost visualization helping businesses control expenses. 

The AI market in the games industry is experiencing significant growth. With the integration of Virtual Reality (VR) and Augmented Reality (AR), games have become more interactive and engaging. Real-time analytics and machine learning technologies are used to enhance the player experience. Two prominent AI applications are NPCs (Non-Player Characters) and predictive analytics. NPCs provide realistic and dynamic gameplay, while predictive analytics help players improve their performance. Companies are investing in AI to create more and personalized gaming experiences. The use of cloud computing and GPUs (Graphics Processing Units) enables the processing of large amounts of data in real-time. The future of AI in games is bright, with advancements in natural language processing and computer vision set to revolutionize the industry. 

Insights on how AI is driving innovation, efficiency, and market growth- Request Sample!

Market Challenges

The AI in Games market experiences a major hurdle in the form of network latency. This delay between a player’s action and the game server’s response can negatively impact gameplay, particularly in multiplayer scenarios. Factors contributing to latency include internet connection quality, geographical distance, network infrastructure, player numbers, and server load. Despite its impact on market growth during the forecast period, efforts are ongoing to mitigate latency and enhance user experience.In the rapidly growing AI in games market, developers face several challenges. They need to ensure that AI-powered gameforms are engaging and realistic, requiring complex programming and large datasets. Data collection and management is a significant challenge, as is ensuring that AI systems can adapt and learn in real-time. Additionally, integrating AI into existing game engines and ensuring compatibility with various platforms can be difficult. Furthermore, privacy concerns and ethical considerations must be addressed when implementing AI in games. Overall, the integration of AI in games presents numerous opportunities, but also requires careful planning and execution to overcome these challenges.

Insights into how AI is reshaping industries and driving growth- Download a Sample Report

Segment Overview 

This ai in games market report extensively covers market segmentation by

Type 1.1 AI enabled platforms1.2 AI enabled gamesTechnology 2.1 Machine learning2.2 Natural language processing2.3 Computer vision2.4 RoboticsGeography 3.1 North America3.2 APAC3.3 Europe3.4 South America3.5 Middle East and Africa

1.1 AI enabled platforms-  AI platforms in the gaming industry facilitate the development, deployment, and maintenance of deep learning and machine learning models. These tools enable faster and more accurate data analysis, prediction, and action-taking, enhancing game production. Companies like Microsoft and Alphabet AI lead this change, offering advanced graphics, real-time interactions, and player behavior insights. AI’s impact on game immersion and realism, through ray tracing and AI-powered virtual characters, is driving market growth during the forecast period.

Download complimentary Sample Report to gain insights into AI’s impact on market dynamics, emerging trends, and future opportunities- including forecast (2024-2028) and historic data (2018 – 2022) 

Research Analysis

The AI in Games market is experiencing significant growth, with advancements in AI algorithms, machine learning, and deep learning driving innovation. Virtual and augmented reality technologies, such as Microsoft HoloLens 2, are integrating AI to provide experiences. AI-generated content, including 3D representations and image upscaling, is enhancing the gaming experience. Euphoria, a middleware system, is utilizing AI to create realistic character behaviors. Games like Cyberpunk 2077, Battlefield V, Red Dead Redemption 2, and others are leveraging AI technologies, including neural networks and ray tracing, to deliver more engaging and predictive gameplay. Network latency is being addressed through AI-enabled platforms, while GPUs and CPUs continue to play crucial roles in powering 3D games. Data analysis and prediction are key applications of AI in gaming, providing personalized experiences for players.

Market Research Overview

The AI in Games market refers to the integration of artificial intelligence technology in the development and creation of video games. This includes the use of machine learning algorithms for character behavior, non-player character interactions, and game design. AI in games can enhance the player experience by creating more realistic and dynamic game environments. It can also be used for game development tools, such as procedural content generation and game balancing. The use of AI in games is becoming increasingly popular, with many developers exploring its potential to create more and engaging gaming experiences. The applications of AI in games span across various genres, from strategy and role-playing games to first-person shooters and sports simulations. The future of AI in games holds great promise, with advancements in technology expected to lead to even more sophisticated and interactive gaming experiences.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TypeAI Enabled PlatformsAI Enabled GamesTechnologyMachine LearningNatural Language ProcessingComputer VisionRoboticsGeographyNorth AmericaAPACEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/ai-in-gaming-market-to-grow-by-usd-4-5-billion-2024-2028-rising-adoption-of-ar-and-vr-games-driving-revenue-growth—technavio-302332593.html

SOURCE Technavio

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

EngineAI Debuts at CES 2025 with Revolutionary Robotics Lineup

Published

on

By

LAS VEGAS, Jan. 10, 2025 /PRNewswire/ — On Jan 7-10, Shenzhen EngineAI Robotics, an innovator in humanoid robots, debuted at the prestigious CES 2025, showcasing its humanoid robots: the SE01, SA01, and PM01. These robots offer a versatile foundation for developers to enhance their interaction with the physical environment. The SA01 and PM01, in particular, serve as open-source platforms for further development, providing a basis for advancements in embodied intelligence.

Zhao Tongyang, the founder and CEO of EngineAI, highlighted the company’s vision to develop world-leading general-purpose humanoid robots while continuously accelerating innovation in the embodied intelligence revolution. He emphasized that EngineAI is committed to launching scalable products at competitive prices, aiming to achieve the production and sales of over a thousand units by 2025.

Zhao is a seasoned entrepreneur in the robotics industry, with a track record of pioneering advancements. His extensive experience has equipped him with substantial expertise and resources. In 2016, he founded Dogotix, pioneering humanoid robot research in China. By 2020, he launched a quadruped robot that quickly dominated the global market. After co-founding XPENG Robotics, Zhao formed a new team in early 2023 and created the humanoid robot PX5, which later gained significant attention at NVIDIA’s GTC 2024. Following the success of PX5, Zhao left XPENG Robotics to establish EngineAI, soon securing nearly 100 million yuan (approx. USD 13.64 million) in angel funding and unveiling the next-gen humanoid robot SE01 on October 24, 2024.

The SE01 has garnered significant attention at CES 2025. As EngineAI’s first full-size general-purpose humanoid robot, it marks EngineAI’s commitment to the embodied intelligence sector. Designed for industrial labor scenarios, SE01 features high load capacity and can handle tasks such as heavy lifting and precision assembly in complex factory environments. It incorporates advanced harmonic force control joint modules, deep reinforcement learning, and imitation learning algorithms, along with an end-to-end neural network model. This robot has overcome the challenge of natural gait, eliminated the awkward movements of previous robots, and significantly enhanced work efficiency and precision. Standing at 170cm and weighing 55kg, SE01 can perform human-like actions such as squatting, push-ups, and running, with athletic performance comparable to international athletes.

Another highlight is the SA01, a pioneering robot designed for research and educational settings. It features an open-source platform, offering a highly customizable bipedal robot for research institutions and educational organizations. Weighing approximately 40kg, SA01 can perform actions such as running and jumping. It utilizes a reinforcement learning algorithm architecture and an efficient power module solution, with a walking power consumption of less than 200W. Constructed with high-quality, high-strength aluminum alloy, the SA01 boasts strong system rigidity and impact resistance, making it a durable choice for the research market. Priced at USD 5,400, it offers exceptional value, with orders quickly surpassing expectations. Now EngineAI has established a stable production capacity to meet the increasing market demand.

The PM01, EngineAI’s latest release, is a lightweight, high-dynamic, fully open embodied intelligent robot. Standing at 138cm and weighing around 40kg, it offers both mechanical and humanoid natural gait walking modes. PM01 is the most flexible robot in EngineAI’s lineup so far, with human-like movement and performance rivaling the flagship SE01. It features an interactive core screen for seamless interaction and enhanced dynamic performance with additional degrees of freedom in the neck and waist. The PM01 supports extensive hardware and software capabilities, enabling cross-platform algorithm deployment and validation, making it ideal for diverse research applications. The PM01 is now available in both commercial and educational editions. From now until March 31, 2025, both editions are offered at a price of USD 13,700. During this specific period, customers who purchase the commercial edition will automatically receive an upgrade to the educational edition.

With its debut at CES, EngineAI is poised to continue its innovation-driven approach, refining its product lineup while focusing on embodied intelligence development. The company aims to advance artificial intelligence solutions, linking and building ecosystems to serve and train professional models, ultimately contributing to the emergence of the AGI era.

About EngineAI

Founded in October 2023 and in Shenzhen Bay, EngineAI specializes in general-purpose intelligent robots and industry-specific solutions, including the development and production of humanoid robots and other related products. The team comprises pioneers from China’s first cohort of legged robot research and industrialization, as well as experts from top universities and firms.

EngineAI is committed to full-stack independent development, from core components to embodied intelligence and operational algorithms. EngineAI’s products cater to various scenarios, including scientific research and education, industrial manufacturing, commercial services, and home use. The company is dedicated to advancing the commercialization of humanoid robot technology globally.

For more information, please connect with EngineAI at:
YouTube: https://www.youtube.com/@Engineairobot
LinkedIn: https://www.linkedin.com/company/engineai-robot
Instagram: https://www.instagram.com/engineairobot/
Facebook: https://www.facebook.com/profile.php?id=61562251514664
X: https://x.com/engineairobot
WhatsAPP: 18025463787
Email: support@engineai.com.cn

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/engineai-debuts-at-ces-2025-with-revolutionary-robotics-lineup-302347746.html

SOURCE ENGINEAI ROBOTICS TECHNOLOGY

Continue Reading

Technology

Crisil unveils a new brand identity

Published

on

By

New logo reflects ability to power mission-critical decisions with confidence

MUMBAI, India, Jan. 10, 2025 /PRNewswire/ — Crisil Limited, a provider of ratings, data, research, analytics and solutions, today unveils its new brand logo.

The new brand identity, ‘Crisil’ (earlier written as CRISIL), reinforces the company’s position as a global, insights-driven analytics firm, building on a distinguished legacy of close to four decades.

Large and highly respected firms partner with us for the most reliable opinions on risk in India, and for uncovering powerful insights and turning risks into opportunities globally. We are integral to multiplying their opportunities and success.

Says Amish Mehta, Managing Director & CEO, Crisil, “Our reimagined brand expresses a more progressive vision of our future. It celebrates a pioneering and illustrious past and showcases our commitment to deliver actionable insights to clients. Our people’s analytical rigour and domain expertise will continue to set standards and empower clients to make mission-critical decisions with confidence. The new brand identity guides us in shaping how we present ourselves to the world, influencing every interaction internally and externally to help us deliver exceptional client value.”

The strategic brand transformation positions Crisil’s businesses — Crisil Ratings, Crisil Intelligence (formerly MI&A), Crisil Coalition Greenwich, and Crisil Integral IQ (formerly GR&RS) — under a cohesive identity that offers a consistent and more connected experience for clients around the world.

Crisil Ratings: Offers independent credit ratings in India that empower informed decisions and objective benchmarking by lenders, investors and issuers.

Crisil Intelligence: Offers insights, consulting, technology-driven risk solutions and advanced data analytics, serving clients across government, private and public enterprises, empowering them to make informed decisions.

Crisil Coalition Greenwich: Offers strategic benchmarking, analytics and insights to the financial services industry and specialises in providing unique, high-value and actionable information to help clients measure and drive their business performance.

Crisil Integral IQ: Offers solutions and actionable intelligence to financial institutions around the globe to deliver strategic transformation, optimise risk and drive operational excellence.

The main logo in bold black is simple yet strong, symbolising excellence and the certainty that we deliver. Complementing this, our business logos now feature a distinct teal colour that conveys the confidence and trust rooted in rigour and domain expertise.

About Crisil Limited

Crisil is a global, insights-driven analytics company. Our extraordinary domain expertise and analytical rigour help clients make mission-critical decisions with confidence.

Large and highly respected firms partner with us for the most reliable opinions on risk in India, and for uncovering powerful insights and turning risks into opportunities globally. We are integral to multiplying their opportunities and success.

Headquartered in India, Crisil is majority owned by S&P Global.

Founded in 1987 as India’s first credit rating agency, our expertise today extends across businesses: Crisil Ratings, Crisil Intelligence, Crisil Coalition Greenwich and Crisil Integral IQ.

Our globally diverse workforce operates in the Americas, Asia-Pacific, Europe, Australia and the Middle East, setting the standards by which industries are measured.

For more information, visit www.Crisil.com

Connect with us: LINKEDIN | TWITTER | YOUTUBE | FACEBOOK

Crisil Privacy

Disclaimer

This press release is transmitted to you for the sole purpose of dissemination through your newspaper/ magazine/ agency. The press release may be used by you in full or in part without changing the meaning or context thereof but with due credit to Crisil. However, Crisil alone has the sole right of distribution of its press releases for consideration or otherwise through any media including websites, portals, etc.

Crisil has taken due care and caution in preparing this press release. Information has been obtained by Crisil from sources which it considers reliable. However, Crisil does not guarantee the accuracy, adequacy or completeness of information on which this press release is based and is not responsible for any errors or omissions or for the results obtained from the use of this press release. Crisil especially states that it has no financial liability whatsoever to the subscribers/ users/ transmitters/ distributors of this press release.

Logo: https://mma.prnewswire.com/media/2594759/Crisil_Limited_New_Logo.jpg
Photo 1: https://mma.prnewswire.com/media/2594763/Crisil_Ratings_Logo.jpg
Photo 2: https://mma.prnewswire.com/media/2594762/Crisil_Intelligence_Logo.jpg
Photo 3: https://mma.prnewswire.com/media/2594760/Crisil_Coalition_Greenwich_Logo.jpg
Photo 4:  https://mma.prnewswire.com/media/2594761/Crisil_Integral_IQ_Logo.jpg

 

 

 

 

 

View original content:https://www.prnewswire.com/in/news-releases/crisil-unveils-a-new-brand-identity-302347109.html

Continue Reading

Technology

Jointly Charging the Road Ahead | Huawei Releases Top 10 Trends of Charging Network Industry 2025

Published

on

By

SHENZHEN, China, Jan. 10, 2025 /PRNewswire/ — Huawei released the Top 10 Trends of Charging Network Industry 2025 with the theme of “Jointly Charging the Road Ahead.” Wang Zhiwu, President of Huawei Smart Charging Network Domain, comprehensively interprets the top 10 trends of the charging network industry for 2025 from the perspectives of industry development directions and technology development path.

He states that electric vehicles (EVs) have developed better than expectations again. It is estimated that the number of global EVs will reach 480 million within 10 years globally. We are already in the era of comprehensive electrification. In the future, Huawei will work with partners and customers to accelerate ultra-fast charging coverage in all scenarios. In the tide of vehicle electrification, we are dedicated to achieving the vision of jointly charging the road ahead.

Trend 1: High-Quality Development

High-quality development of charging networks has become an industry trend. The entire industry will undergo profound changes centering on high-quality development. Technologies will be iterated rapidly, and core charger enterprises will encounter a sharp decrease.

Trend 2: Comprehensive Ultra-fast Charging

“Ultra-fast charging” is a buzzword of 2024 for the industry. Multiple cities in China have started to deploy ultra-fast charging facilities, boosting the explosive growth of the number of EV models that support ultra-fast charging. It is estimated that all typical EV models will support ultra-fast charging in all scenarios by 2028.

Trend 3: Optimal Experience

Mature technologies of intelligent head units, intelligent driving, and intelligent chargers promote the charging experience to be digital, intelligent, and automatic, driving the advent of the era of digitalized charging experience.

Trend 4: Electrified Logistics

To achieve the goal of replacing oil with electricity for heavy goods vehicles, charging is the core obstacle. Ultra-fast charging technologies will completely overcome industry hurdles. Ultra-fast charging has advantages such as low construction capital expenditure (CAPEX), high charging compatibility, easy device maintenance, and small station footprint, promoting to achieve electrified logistics for the industry.

Trend 5: Grid Friendliness

In the future, power grid interaction will transit from passive to active response, and from one-way to multiple-way interaction to ensure power grid safety.

Trend 6: Multi-level Power Pooling

With increasing compatible EV models and wider power ranges, commercial EVs will even support megawatt-level charging. Facing ever-changing requirements, the power pooling technology will evolve from split-type charger application to multi-level power pooling, and extend to power grids and EVs. This evolution reduces electricity dependency on power grids, supports evolution with EV models, and meets EV requirements to the maximum extent.

Trend 7: Fully Liquid-Cooled Charging

Charging scenarios are increasingly diverse, especially including more extreme environments. Therefore, the industry is accelerating the deployment of high-power liquid-cooled charging equipment. Liquid-cooled power unit + liquid-cooled charging dispenser will become the best combination.

Trend 8: PV+ESS+Charger Integration

The traditional solution of “stacking PV, ESS, and charging cabinets” will gradually evolve to the solution of “intelligent integration” that will improve the benefits throughout the lifecycle, be friendly to power grids, and ensure safety of the charging station.

Trend 9: Low-Power DC Charging

Campus will be the core scenario for future V2G development. As low-power DC charging is becoming popular, it has more digital functions such as bonus point calculation, centralized deployment, easy management and control, and V2G evolution.

Trend 10: Electrical Safety

As charging scenarios are expanding to densely populated environments, electrical safety requirements will shift from single-point control to unified control for people, EVs, chargers, and ESSs. 

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/jointly-charging-the-road-ahead–huawei-releases-top-10-trends-of-charging-network-industry-2025-302347753.html

SOURCE Huawei Digital Power

Continue Reading

Trending