Robot Renaissance Triggers a Surge in Automaton Workforce

The world is experiencing a skilled labor shortage, and robots are stepping in to fill the void. Last year, some 500,000 industrial robots were added to the global workforce, bringing the total figure to about 3.5 million, according to a new report by the International Federation of Robotics trade group, which says the number of robots added in 2021 exceeds by 22 percent a record set in 2018. The pattern indicates the industrial robotics market will grow from $15.7 billion in 2022 to $30.8 billion by 2027, a CAGR of 14.3 percent, according to the report. Continue reading Robot Renaissance Triggers a Surge in Automaton Workforce

Phablets Poised to Become Multibillion Dollar Market by 2018

Phablets — smartphones with screens larger than 5.5 inches — could grow to become a multibillion dollar market in the coming years. Initially ridiculed by some analysts, the ‘phone-tablets’ are experiencing unexpected success with consumers in global regions such as East Asia. Juniper Research forecasts phablet shipments will increase by 100 million units over the next four years (20 million shipped last year). By 2018, Juniper expects manufacturers to ship 120 million units per year. Continue reading Phablets Poised to Become Multibillion Dollar Market by 2018