DARQ Technology Market - Forecast(2024 - 2030)

Report Code: ITR 0238 Report Format: PDF + Excel

Overview

DARQ technology market has generated a revenue of $640 million in 2019 and expected to rise at a CAGR 16.5% during 2020-2025. Artificial intelligence, a part of DARQ technology has the highest market growth due to its wider applications adoption. AI Technology is associated with human intelligence with similar characteristics such as language comprehension, reasoning, learning, problem solving, and so on. Moreover, technological advancements leads to wider application of DARQ thereby boosting the market growth.

Key Takeaways

AI Software, one of DARQ's software, held the highest market share due to increasing data, increasing the growth of cloud-based applications and services, demand for virtual technical assistants in 2019. 
Healthcare segment is anticipated to deploy the DARQ Technology in treatment innovations, drug discovery, DNA data and others consequently impelling the market growth during the forecast period. 
North America region dominated the AI Technology market that was valued at US $269 billion in 2019 and is projected to reach US $x billion by 2025. Technological advancements, rapid pace of digitalization and increasing adoption of advanced services that are more reliable, secure and safe is propelling the growth of DARQ Technology Market.

Technology Type- segment analysis

AI Technology accounts for highest market share during the forecast period 2020-2025 owing to the benefits such as reasoning, problem-solving, planning, optimal decision making, sensory perceptions and others. These capabilities of artificial intelligence technologies outstrip human actions in terms of knowledge discovery has acquired the attention of business all over the world. AI comprises of different fields such as machine learning, robotic vision, natural language processing, autonomous vehicles and others having wider application in healthcare, banking and finance, education, agriculture, automotive and others which are consequently boosting the market growth.

Application Type-segment analysis

Healthcare has highest market share in DARQ technology market in 2019 at 16%. Distributed ledger technology, such as block -chain, will be an important part of healthcare payments and identity management. By using Distributed Ledger Technology to build a reliable set of data, healthcare companies can reduce waste, save costs and increase quality of care. This will make it easier for people to act on the details, rather than return to the source of truth to check its authenticity. AI technology has greatest number of emerging uses in healthcare including payment operations, medical chart updates in contact centers and assisting patients indulge in self-service events. Healthcare organizations are deploying the full collection of AI technologies to enhance patient and doctor interaction as AI technology helps to diagnose by detecting facial disorders, retina scans, X-Rays thereby increasing the market for these DARQ technologies.

Geography Type-segment analysis

North America dominated the market for DARQ Technology. As of 2019, the region accounted for a leading market share in the DARQ Technology market of around 48%. In october2018 to address the social and economic problems google raised a fund of $25million for artificial intelligence research, which in turn will create more opportunities for DARQ technology market during the forecast period 2020-2025. Key factors DARQ Technology market growth in this region are rising technological advancements in the field of natural language processing, machine learning, and analytical tools. Moreover, growing penetration rate of advanced technologies in several industries including media and entertainment, real estate, retail and e-commerce, transportation, information technology and communication and others propel the growth of DARQ Technology market.

Drivers

Abundant data 

The significant penetration of digital systems in various industries results in the large databases. Both offline and online activities are recorded and shared in data form, forming huge datasets which include structured and unstructured data from disparate sources. In addition, the availability of cloud infrastructure has made data access easy, with governments, educational institutes, and companies now storing massive cloud datasets and easily accessing them to extract insights using AI, ML, or DL technology. We also use these datasets to train new AI models, which will lead to the development of next-generation AI solutions and enhance the market growth.

Advances in Deep Learning
Deep learning is analyzed to drive the market owing to its superiority when equipped with huge amounts of data in terms of precision. Deep learning (DL) is deployed in many fields, such as speech recognition, image recognition and natural language processing (NLP) and many others, which are majorly deployed in robot navigation systems, self-driving cars and others.  In addition, deep learning is majorly deployed  in the fraud detection as the algorithms used in this are capable of detecting the fraud in all the transaction processes occurring on the digital platform. Collectively these all benefits are boosting its market growth.

Challenges

Lack of training among personnel

DARQ technology is highly advanced and is not comprehensible by non-technical employees. Many data scientists aren't very interested in how others will use the models they create in real life. Moreover, limited number of AI experts are present who know how to apply the software to a given business issue.

Market Landscape 

Partnerships and acquisitions along with product launches are the key strategies of the players in the DARQ Technology Market. As of 2019, the market for AI Technology is consolidated with the top 10 players accounting for approximately x% of the market share. The 10 major players in the DARQ Technology Market include IBM Corporation, Accenture PLC, Chain Inc., Apple Inc., Baidu, Qualcomm Technologies Inc., Northern Digital Inc., D-Wave Systems Inc., Google Inc., and Cambridge Quantum Computing Limited among others.

Acquisitions/Technology/Launches

  • In December 2019, to build and deploy artificial intelligence solutions across the full range of its upstream workflows within the DELFI cognitive E&P framework Schlumberger and Dataiku made technological collaboration. Petrochemical domain experts are majorly benefited through this collaboration owing to the AI applications in this sector.
  • As part of a global partnership between Atos and Google Cloud to provide consumers and companies with access to the latest analytics innovations, Atos, a global leader in digital transformation, unveiled its Artificial Intelligence (AI) Lab at its North American headquarters in Irving, Texas, October 4, 2019.
  • Bright Apps and ID Qu-antique (IDQ) signed an agreement in February 2020 to bring Quantum innovations in the US market. The collaboration with Bright Apps IDQ will provide consumers with easier access to IDQ's new and critical quantum technologies thereby boosting the ongoing R&D activity at NIWC, Navy Warfare Centre.

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1. DARQ Technology Market - Overview
    1.1 Definitions and Scope
2. DARQ Technology Market - Executive summary
    2.1 Market Revenue, Market Size and Key Trends by Company
    2.2 Key Trends by type of Application
    2.3 Key Trends segmented by Geography
3. DARQ Technology Market
    3.1 Comparative analysis
        3.1.1 Product Benchmarking - Top 5 companies
        3.1.2 Top 5 Financials Analysis
        3.1.3 Market Value split by Top 5 companies
        3.1.4 Patent Analysis - Top 5 companies
        3.1.5 Pricing Analysis
4. DARQ Technology Market - Startup companies Scenario Premium 
    4.1 Top 5 startup company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Market Shares
        4.1.4 Market Size and Application Analysis
        4.1.5 Venture Capital and Funding Scenario
5. DARQ Technology Market - Industry Market Entry Scenario Premium 
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case studies of successful ventures
    5.4 Customer Analysis - Top 5 companies
6. DARQ Technology Market Forces
    6.1 Drivers
    6.2 Constraints
    6.3 Challenges
    6.4 Porters five force model
        6.4.1 Bargaining power of suppliers
        6.4.2 Bargaining powers of customers
        6.4.3 Threat of new entrants
        6.4.4 Rivalry among existing players
        6.4.5 Threat of substitutes
7. DARQ Technology Market -Strategic analysis
    7.1 Value chain analysis
    7.2 Opportunities analysis
    7.3 Product life cycle
    7.4 Suppliers and distributors Market Share
8. DARQ Technology Market - By Technology Type (Market Size -$Million / $Billion)
    8.1 Distributed Ledger
    8.2 Artificial Intelligence
    8.3 Extended Reality
    8.4 Quantum Computing
9. DARQ Technology Market - By Enterprise Type (Market Size -$Million / $Billion)
    9.1 Small Enterprise 
    9.2 Medium Enterprise
    9.3. Large Enterprise
10. DARQ Technology - By End-User Type (Market Size -$Million / $Billion)
    10.1 Healthcare
    10.2 Retail and e-commerce
    10.3 Education
    10.4 Banking
    10.5 Industrial and Manufacturing
    10.6 Media and Entertainment
    10.7 Agriculture
    10.8 Security
    10.9 Automotive
    10.10 Others
11. DARQ Technology –By Deployment Type
    11.1 On Premise
    11.2 Cloud
12. DARQ Technology- By Geography (Market Size -$Million / $Billion)
    12.1 DARQ Technology Market - North America Segment Research
    12.2 North America Market Research (Million / $Billion)
        12.2.1 Segment type Size and Market Size Analysis
        12.2.2 Revenue and Trends
        12.2.3 Application Revenue and Trends by type of Application
        12.2.4 Company Revenue and Product Analysis
        12.2.5 North America Product type and Application Market Size
            12.2.5.1 U.S
            12.2.5.2 Canada
            12.2.5.3 Mexico
    12.3 DARQ Technology- South America Segment Research
    12.4 South America Market Research (Market Size -$Million / $Billion)
        12.4.1 Segment type Size and Market Size Analysis
        12.4.2 Revenue and Trends
        12.4.3 Application Revenue and Trends by type of Application
        12.4.4 Company Revenue and Product Analysis
        12.4.5 South America Product type and Application Market Size
            12.4.5.1 Brazil
            12.4.5.2 Argentina
            12.4.5.3 Rest of South America
    12.5 DARQ Technology- Europe Segment Research
    12.6 Europe Market Research (Market Size -$Million / $Billion)
        12.6.1 Segment type Size and Market Size Analysis
        12.6.2 Revenue and Trends
        12.6.3 Application Revenue and Trends by type of Application
        12.6.4 Company Revenue and Product Analysis
        12.6.5 Europe Segment Product type and Application Market Size
            12.6.5.1 U.K
            12.6.5.2 Germany
            12.6.5.3 Italy
            12.6.5.4 France
            12.6.5.5 Netherlands
            12.6.5.6 Belgium
            12.6.5.7 Rest of Europe
    12.7 DARQ Technology - APAC Segment Research
    12.8 APAC Market Research (Market Size -$Million / $Billion)
        12.8.1 Segment type Size and Market Size Analysis
        12.8.2 Revenue and Trends
        12.8.3 Application Revenue and Trends by type of Application
        12.8.4 Company Revenue and Product Analysis
        12.8.5 APAC Segment - Product type and Application Market Size
            12.8.5.1 China
            12.8.5.2 Australia
            12.8.5.3 Japan
            12.8.5.4 South Korea
            12.8.5.5 India
            12.8.5.6 Taiwan
            12.8.5.7 Malaysia
            12.8.5.8 Rest of APAC
    12.9 DARQ Technology - Middle East Segment and Africa Segment Research
    12.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
        12.10.1 Segment type Size and Market Size Analysis
        12.10.2 Revenue and Trend Analysis
        12.10.3 Application Revenue and Trends by type of Application
        12.10.4 Company Revenue and Product Analysis
        12.10.5 Middle East Segment Product type and Application Market Size
            12.10.5.1 Saudi Arabia
            12.10.5.2 UAE
            12.10.5.3 Rest of Middle-East
        12.10.6 Africa Segment Analysis
            12.10.6.1 South Africa
            12.10.6.2 Rest of Africa
13. DARQ Technology Market - Entropy
    13.1 New product launches
    13.2 M&A s, collaborations, JVs and partnerships
14. DARQ Technology Market - Industry / Segment Competition landscape Premium
    14.1 Market Share Analysis
        14.1.1 Market Share by Country- Top companies
        14.1.2 Market Share by Region- Top 5 companies
        14.1.3 Market Share by type of Application - Top 5 companies
        14.1.4 Market Share at global level - Top 5 companies
        14.1.5 Best Practices for companies
15. DARQ Technology Market - Key Company List by Country Premium
16. DARQ Technology Market Company Analysis
    16.1 TRADEIX
    16.2 SAP
    16.3 Oracle
    16.4 Hewlett Packered
    16.5 Blockchain Intelligence Group
    16.6 Apple Inc.
    16.7 Amazon
    16.8 APPIER
    16.9 Intel Corporation
    16.10 Baidu
    16.11 Qualcomm Incorporated
    16.12 HP Reveal
    16.13 Gofind Inc
    16.14 Accenture
    16.15 Dassault Systemes SolidWorks Corporation
    16.16 Microsoft Quantum Computing
    16.17 IBM Quantum Computing
    16.18 Google Research
    16.19 Nokia Bell Labs
    16.20 NTT Laboratories
    16.21 Company 21 and more
*Financials would be provided on a best efforts basis for private companies
17. DARQ Technology Market - Appendix
    17.1 Abbreviations
    17.2 Sources
18. DARQ Technology Market - Methodology
    18.1 Research Methodology
        18.1.1 Company Expert Interviews
        18.1.2 Industry Databases
        18.1.3 Associations
        18.1.4 Company News
        18.1.5 Company Annual Reports
        18.1.6 Application Trends
        18.1.7 New Products and Product database
        18.1.8 Company Transcripts
        18.1.9 R&D Trends
        18.1.10 Key Opinion Leaders Interviews
        18.1.11 Supply and Demand Trends