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Artificial Intelligence (AI) Market Projected to Reach US$ 202.57 Bn by 2026; Increasing Adoption of Cloud-based Applications and Services to Boost Growth, says Fortune Business Insights




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Key companies covered in the Artificial Intelligence (AI) Market Research report include NVIDIA, Baidu, Alphabet (Google Inc.), Verint Systems Inc. (Next IT Corp), Apple Inc., MicroStrategy, Inc., IBM Corporation, Qlik Technologies Inc., Microsoft Corporation, IPsoft, and other prominent players.

Pune, Aug. 12, 2019 (GLOBE NEWSWIRE) — The Artificial Intelligence (AI) Market in North America was valued at US$ 9.72 Bn in 2018. The growth witnessed in this region is attributed to the ongoing technological advancements in the field of natural language processing, machine learning, and analytical tools. According to a published report by Fortune Business Insights, titled, Artificial Intelligence (AI) Market Size, Share and Global Trend by Component (Hardware, Software, Services), by Technology (Computer Vision, Machine Learning, Natural Language Processing, Others), by Industry Vertical (BFSI, Healthcare, Manufacturing, Retail, IT & Telecom, Government, Others) and Geography Forecast till 2026,” the global market is projected to reach US$ 202.57 Bn by 2026, exhibiting a CAGR of 33.1% during the forecast period from 2019 – 2026. The global market was valued at US$ 20.67 Bn in 2018.

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Increasing Adoption of Cloud-based Applications and Services to Propel the Market

The report suggests that a rise in the demand for intelligent virtual assistants is likely to boost the global artificial intelligence (AI) market growth. Additionally, expansion of connected device market, increasing investments in 5G technology, and rising adoption of cloud-based services and applications will contribute to the growth. However, at present, the number of experts working in the field of AI technology is very limited. This is why, Artificial Intelligence (AI) Market is facing numerous challenges in the recent years. Unreliability of AI algorithms and data privacy are two of the most concerning factors affecting the AI market. There is a huge potential of improvements in customer service in the retail sector. Combined with this, improvements in efficiency in the manufacturing industry will also occur. There is also a rise in the number of personalized and high-quality AI-enhanced products in the market which will also contribute to the overall global market growth.

The Natural Language Processing Segment to Witness Growth Driven by Extensive Usage of AI

The report classifies the global artificial intelligence (AI) market on the bases of component, technology, industry vertical, and geography. In terms of technology, the market is divided into machine learning, computer vision, natural language processing, and others. Out of these, the natural language processing segment is expected to gain the highest share of global artificial intelligence (AI) market during the forecast period. This will occur because of the application of AI techniques in analyzing natural language in spoken as well as written forms.

Google, Amazon and Other Prominent Market Players to Gain Competitive Edge Through Innovative Product Launches and Strategic Partnerships

In January 2017, Google launched its Cloud AutoML. It uses Google’s Cloud Vision application programming interface and Cloud Machine Learning Engine service. AutoML is used by several prominent companies, such as Urban Outfitters and Disney. It is making search and shopping on their particular websites more relevant. It also supports image recognition that allows consumers to drag the images and train their systems to recognize those on Google cloud. In October 2018, Amazon started providing AI-as-a-service under its AWS banner with ‘Amazon AI’. The company will begin expanding the global AI market through this strategy. The system will allow developers to build applications with various tools. AstraZeneca plc, a multinational pharmaceutical and biopharmaceutical company, based in the U.K., announced that it has partnered with Ali Health, a subsidiary of Alibaba, earlier in 2018. The aim of the collaboration was to develop an AI-enhanced diagnostics and screenings applications in China.

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Fortune Business Insights has profiled few of the most prominent market players operating in the global artificial intelligence (AI) market. They are NVIDIA, Baidu, Alphabet (Google Inc.), Verint Systems Inc. (Next IT Corp), Apple Inc., MicroStrategy, Inc., IBM Corporation, Qlik Technologies Inc., Microsoft Corporation, IPsoft, and other prominent players.

Some of The Key Companies Profiled in The Report

  • Alphabet (Google Inc.)
  • Apple Inc.
  • Baidu
  • IBM Corporation
  • IPsoft
  • Microsoft Corporation
  • MicroStrategy, Inc
  • Qlik Technologies Inc.
  • Verint Systems Inc. (Next IT Corp)

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Table of Content:

  • Market Dynamics
    • Drivers, Restraints and Opportunities
    • Emerging Trends
  • Key Insights
    • Macro and Micro Economic Indicators
    • Consolidated SWOT Analysis of Key Players
    • Porter’s Five Forces Analysis
  • Global Artificial Intelligence (AI) Market Analysis, Insights and Forecast, 2015-2026
    • Key Findings / Summary
    • Market Size Estimates and Forecasts
      • By Offering (Value)
        • Hardware
        • Software
        • Services
      • By Technology (Value)
        • Computer Vision
        • Machine Learning
        • Natural Language Processing
        • Others
      • By End Use Industry (Value)
        • Healthcare
        • Retail
        • Advertising & Media
        • BFSI
        • Automotive & Transportation
        • Government
        • Manufacturing
        • Others
      • By Geography (Value)
        • North America
        • Europe
        • Asia Pacific
        • Middle East and Africa
        • Latin America
  • Competitive Analysis
  • Strategic Recommendations

Request for Customization:

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About us:

Fortune Business Insights offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in. 

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data. 

At Fortune Business Insights we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

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Long Blockchain Corp. Enters into Definitive Agreement for Sale of its Beverage Subsidiary Long Island Brand Beverages




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Farmingdale, NY, Sept. 20, 2019 (GLOBE NEWSWIRE) — Long Blockchain Corp. (OTCPink: LBCC) (“Long Blockchain” or the “Company”) announced today that it has entered into a definitive agreement for the sale of its wholly-owned beverage subsidiary, Long Island Brand Beverages LLC (“LIBB”), to ECC Ventures 2 Corp. (“ECC2”) (TSXV: ETWO.P). LIBB operates in the non-alcohol ready-to-drink segment of the beverage industry under its flagship brand ‘The Original Long Island Brand Iced Tea®’. ECC2 is a capital pool company listed on the TSX Venture Exchange.

“This transaction is a significant milestone for the Company, and following its close later this year, it will allow us to concentrate our efforts on our underlying loyalty operating business,” stated Andy Shape, CEO of Long Blockchain. “Our loyalty platform has experienced strong growth over the past year with new and existing customers, and we look forward to building on that progress through our partnership with Stran Promotional Solutions.”

Under the terms of the agreement, ECC2 will acquire 100% of LIBB. The transaction consideration payable to LBCC will consist of CAD$500,000 in cash and 3,666,667 newly-issued shares of ECC2, with the share consideration subject to a working capital adjustment.

ECC2 has engaged Canaccord Genuity Corp. to complete a brokered private placement of subscription receipts for minimum gross proceeds of CAD$2,000,000 through the issuance of subscription receipts at a price no less than CAD$0.50 per subscription receipt. The proceeds of the private placement will be held in escrow, pending the receipt of all applicable regulatory approvals and completing all matters and conditions relating to the LIBB sale transaction. Closing of the LIBB sale transaction is subject to a number of conditions, including completion of the private placement or another brokered financing with gross proceeds of $2,000,000, consent by the TSX Venture Exchange to the transaction and delivery of audited financials for LIBB. The Company presently anticipates that the closing of the transaction will occur at the beginning of the fourth quarter of 2019.

The LIBB sale transaction will be more fully described in a Current Report on Form 8-K to be filed by the Company with the Securities and Exchange Commission.

Forward Looking Statements:

This press release includes statements of the Company’s expectations, intentions, plans and beliefs that constitute “forward looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and are intended to come within the safe harbor protection provided by those sections. These statements, which involve risks and uncertainties, relate to the discussion of the Company’s business strategies and its expectations concerning future operations, margins, sales, new products and brands, potential joint ventures, potential acquisitions, expenses, profitability, liquidity and capital resources and to analyses and other information that are based on forecasts of future results and estimates of amounts not yet determinable. These also include statements relating to the anticipated consummation of the LIBB sale transaction and the benefits of the transaction to the Company.  These statements include any statement that does not directly relate to a historical or current fact. You can also identify these and other forward-looking statements by the use of such words as “may,” “will,” “should,” “expects,” “intends,” “plans,” “anticipates,” “believes,” “thinks,” “estimates,” “seeks,” “predicts,” “could,” “projects,” “potential” and other similar terms and phrases, including references to assumptions. These forward looking statements are made based on expectations and beliefs concerning future events affecting the Company and are subject to uncertainties, risks and factors relating to its operations and business environments, all of which are difficult to predict and many of which are beyond its control, that could cause its actual results to differ materially from those matters expressed or implied by these forward looking statements. These risks include the risk that the conditions to the LIBB sale transaction will not be satisfied or waived, the Company’s ability to develop and commercialize new technologies, the Company’s history of losses and expectation of further losses, its ability to expand its operations into blockchain technologies, its ability to develop or acquire new brands, the success of its marketing activities, the effect of competition in its industry and economic and political conditions generally, including the current economic environment and markets. More information about these and other factors are described in the reports the Company files with the Securities and Exchange Commission, including but not limited to the discussions contained under the caption “Risk Factors.” When considering these forward looking statements, you should keep in mind the cautionary statements in this press release and the reports the Company files with the Securities and Exchange Commission. New risks and uncertainties arise from time to time, and the Company cannot predict those events or how they may affect it. The Company assumes no obligation to update any forward looking statements after the date of this press release as a result of new information, future events or developments, except as required by the federal securities laws.

For further information:

Andy Shape                                                    
Long Blockchain Corp.                                                           

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Pharmagest Interactive: H1 2019 Results




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Villers-lès-Nancy, 20 September 2019 – 6:00 p.m. (CET)

H1 2019 Results

  • Continuing growth: +6.55%.
  • Gains in net profit from continuing operations: +8.50%.
  • Strong growth in adjusted EPS: +19.55%, boosted by an exceptional event in May 2019 (the sale of INTECUM shares to PHARMATHEK).
  • Commercial launch of the healthcare platform with the Marseille Public University Hospital (AP-HM).
  • Outlook for growth and profitability confirmed for H2 2019.


€m H1 2019 H1 2018 Change
Revenue 76.88 72.15 +6.55%
Operating Profit 18.65 17.37 +7.40%
Net Profit 14.59 12.15 +20.05%
Net profit attributable to equity holders of the Parent 13.70 11.41 +20.06%
Basic Earnings per Share (in €) 0.91 0.76 +19.55%

The financial statements for the six-month period ended 30 June 2019 were reviewed and adopted by PHARMAGEST INTERACTIVE’s Board of Directors, chaired by Thierry CHAPUSOT, on 20 September 2019. These interim consolidated financial statements were subject to a limited review by the Statutory Auditors.

  • Earnings growth at 30 June 2019

First-half revenue grew 6.55% to €76.88m from H1 2018. Like-for-like (excluding the Macrosoft Group acquisition in Italy), consolidated revenue amounted to €74.68m, up 3.50% from the 2018 first half.

The Group’s Operating Profit rose 7.40% to €18.65m at 30 June 2019.

  • Operating Profit for the Pharmacy – Europe Solutions Division amounted to €12.93m (+6.1%). The Pharmacy Italy Business Unit was recognised for six months compared to three months in H1 2018, following Macrosoft Group’s consolidation on 01.04.2018.
  • Operating Profit for the Health and Social Care Facilities Solutions Division was €3.45m, contracting marginally 2.8%. This decline reflected the adverse impact on AXIGATE of long administrative decision-making processes by hospitals, slowing the development of business.
  • For the e-Health Solutions and Fintech Division, Operating Profit rose to €2.27m, up 40.1%, despite Fintech’s poor performance in terms of operating profit.

Net Profit on that basis amounted to €14.59m (+20.05%) and Net Profit Attributable to Equity Holders of the Parent to €13.70m (+20.06%). At 30 June 2019, Basic Earnings per Share amounted to €0.91, up from €0.76 one year earlier (+19.55%).

       Net profit and earnings per share were boosted by the sale of 100% of the shares of the subsidiary INTECUM to PHARMATHEK. Excluding this exceptional event, Net Profit from Continuing Operations rose 8.50%.

·Consolidated balance sheet highlights 

      At 30 June 2019, Pharmagest Group’s gross cash position increased to €104.86m, compared to €95.78m at 30 June 2018.
      Equity attributable to the equity holders of the Parent at 30 June 2019 amounted to €115m.

·H1 2019 operating highlights

      ·In January 2019, Pharmagest Group acquired an equity stake in Embleema, a Franco-American start-up specialised in the secure sharing of personal health records through blockchain technology. This transaction exemplifies the Group’s strategic focus on developing innovative patient-centred solutions. Embleema’s latest partnerships with the Europe’s premier cancer centre, the Gustave Roussy Institute of Oncology, and the Servier and Pierre Fabre laboratories illustrate this strategy of placing the patients at the heart of the health system as active stakeholders in their own care.
      ·Pharmagest Group closed its acquisition of the equity stake in the Italian company, PHARMATHEK. As the Italian leader in pharmacy automation solutions, PHARMATHEK develops, manufactures and installs automated warehouses for all pharmacies. PHARMATHEK has operations in Italy, France, Germany, Spain and Switzerland and selected South American countries. This transaction strengthens Pharmagest Group’s portfolio of pharmacy automation solutions and businesses, consolidates its position in Europe, and accelerates its development in Italy.

·H2 2019 outlook

After several years of development, the commercialisation of Pharmagest Group’s platform will be launched in early October in Marseille. Based on their respective expertise as independent software vendors, AXIGATE, PHARMAGEST, MALTA, DICSIT and CEGEDIM were thus selected Marseille Public University Hospital (AP-HM) with a single objective: ensuring the coordination of the patient care pathway between the non-hospital and hospital sectors.

The technical completion of this gateway sets the stage for its deployment with hospital centres in France but also other healthcare professionals (such as nurses, physical therapist, etc.). This major services innovation reflects policies for improving quality across the entire patient care pathway from their home to residential health and social care facilities, a common priority of interest to all European countries.

Finally, the Group will continue to extend the reach of its business line expertise to new fields. Pharmagest Group has already identified new opportunities for growth in the automation of business lines, health centres and nursing homes. 

Based on these different developments, Pharmagest Group confirms its guidance for growth and profitability for the 2019 full year.

Financial calendar:

  • Participation in the MidCap Event in Paris on Monday 14 October 2019.
  • Publication of Q3 2019 sales: 15 November 2019 (after the close of trading).
  • Publication of FY 2019 annual sales: 15 February 2020 (after the close of trading).


Pharmagest Group is the French pharmacy information technology leader, with a market share of more than 44% and nearly 1,000 employees. The Group’s strategy is based on a core business of improving healthcare through information technology innovation and developing two priority areas: 1/ Services and technologies for healthcare professionals, with a focus on assisting pharmacies in patient medication compliance; and 2/ technologies for improving the efficacy of healthcare systems.

This strategy is executed through specialised business lines developed by Pharmagest Group: pharmacy IT solutions, e-Health solutions, solutions for healthcare professionals, hospital solutions, solutions for pharmaceutical laboratories, connected health devices and apps, and a sales financing marketplace…

These businesses are grouped within four Divisions: Pharmacy – Europe Solutions; Health and Social Care Facilities Solutions; e-Health Solutions and Fintech.

Listed on Euronext Paris™ – Compartment B
Indices: CAC® SMALL and CAC® All-Tradable par inclusion
Eligible for the Long-Only Deferred Settlement Service (SRD)
ISIN: FR 0012882389 – Reuters: PHA.PA  – Bloomberg: – PMGI FP

For all the latest news go to

Follow Pharmagest on Twitter: @Pharmagest, Linkedin and Facebook


Analyst and Investor Relations:
Chief Administrative and Financial Officer: Jean-Yves Samson
Tel. +33 (0)3 83 15 90 67 –

Media Relations:

Tel. +33 (0)1 39 97 61 22 –


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Global Connected Living Outlook Report, 2019 – Identifies Key Technologies Enabling & Driving Adoption and Examines Growth Opportunities




Reading Time: 3 minutes

Dublin, Sept. 20, 2019 (GLOBE NEWSWIRE) — The “Connected Living Outlook: Value Beyond Connectivity” report has been added to’s offering.

Connected products are developing at a rapid pace across a number of geographic regions and countries, greatly impacting new applications and services for consumers. This research helps companies understand new market opportunities and provides a greater understanding of the changing dynamics in the consumer market verticals, as well as highlighting innovative and notable players.

This report provides an assessment of key connected living innovations and trends developing globally. The report identifies key technologies enabling and driving adoption of connected products and examines growth opportunities in service categories, including broadband and 5G, digital media, residential security, connected health and wellness, as well as connected consumer product categories, including home networks, smart home devices, and connected consumer electronics. It also identifies key companies to watch in each product category and includes five-year forecasts for select product categories.

Coverage areas include:

  • Connected CE & Platforms
  • Digital Entertainment Services
  • Residential Security Services
  • Smart Home Devices & Services
  • Smart Home Energy Management
  • Connected Health

Companies Mentioned

  • Alectra Utilities
  • Amazon
  • American Two Way
  • Android
  • Apple
  • Arcadia Power
  • Arlo
  • ARToolKit
  • AT&T
  • Axius
  • Best Buy
  • Bitseed
  • Blockpass
  • Bose
  • Brinc
  • Buoy Labs
  • Canary
  • CBS All Access
  • Chamberlain
  • Cheddar
  • Cisco
  • Clayton
  • Cognitive Systems
  • Comcast
  • Control4
  • CRTC
  • Currant
  • D.R. Horton
  • Deep Sentinel
  • DeepAR
  • Disney
  • Domotz
  • ecobee
  • eDevice
  • Energy Web Foundation
  • ESPN+
  • Ethereum
  • Everstore
  • FCC
  • Filament
  • Fitbit
  • Flare
  • FlexiDAO
  • Flywheel
  • Garmin
  • Google
  • Hisense
  • Hive Smart Home
  • and many more…

Key Topics Covered

1. Report Summary
1.1 Purpose of Report
1.2 Research Approach/Sources

2. Connected Living
2.1 Value-Added Services: Driving Incremental Revenues
2.2 Expanding the Customer Base
2.3 Converging Markets and Expanding Channels

3. Enabling the Connected Lifestyle
3.1 Mobile and Broadband Trends
3.1.1 Universal Broadband Access
3.1.2 Greater Gigabit Speed Service Availability
3.1.3 The Rise of 5G Networks
3.2 AI, Personal Assistants, and UI Innovation
3.2.1 Natural Language Processing and Voice Assistants
3.2.2 AI and the Connected Home
3.3 Data Privacy & Security
3.3.1 Growth in Data Security Services
3.3.2 Data Security: Broadband Providers, Residential Gateways, and Mesh Networking
3.3.3 Blockchain as a Data Security Solution
3.4 Technical Support
3.4.1 Smart Home Setup and Installation Services
3.4.2 Smart Home Consultation Services
3.4.3 Home Network Monitoring Companies
3.5 Cloud vs. Edge Computing
3.5.1 Key Drivers of Edge Computing in the Connected Home
3.5.2 Global Issues and Edge Computing

4. Connected CE & Platforms
4.1 Trends and Market Developments
4.1.1 Evolution of the Smartphone Market
4.1.2 Smart Speakers Entering the Mainstream
4.1.3 Convergence of CE and Smart Home with Voice
4.2 Innovations
4.2.1 Augmented Reality and the Evolution of the Smartphone
4.2.2 Evolution of Subscription Service Business Model
4.2.3 Integration of Smart Assistants and Headphones
4.3 Companies to Watch
4.3.1 HMD Global
4.3.2 Microsoft
4.3.3 Samsung
4.4 Global Trends
4.5 Market Forecast

5. Entertainment Services
5.1 Trends and Market Developments
5.1.1 Rise of the OTT Middle Class
5.1.2 Live Online Video in the Mainstream
5.1.3 Growth of Ad-Based Services
5.2 Innovations
5.2.1 Moving Beyond Traditional Delivery for Media
5.2.2 Evolution of Authentication
5.3 Companies to Watch
5.3.1 Apple
5.3.2 Disney
5.3.3 WarnerMedia
5.4 Global Trends
5.5 Market Forecast

6. Residential Security Services
6.1 Trends and Market Developments
6.1.1 Growth in DIY
6.1.2 Competition and Pricing Pressures
6.1.3 Changing Business Models and Innovation
6.2 Innovations
6.2.1 Video Analytics and AI in Security Cameras
6.2.2 Sensor Innovation
6.2.3 Voice and Biometrics
6.3 Companies to Watch
6.3.1 ADT
6.3.2 Deep Sentinel
6.3.3 Resideo
6.4 Global Trends
6.5 Market Forecast

7. Smart Home Devices & Services
7.1 Trends and Market Developments
7.1.1 Home Builder Channel Expansion
7.1.2 Large Tech Companies Investing in Smart Hardware
7.1.3 Prioritizing Energy Efficiency Use Cases
7.2 Innovations
7.2.1 Evolution of Voice-Enabled AI Solutions
7.2.2 Improving Vision Intelligence Capabilities
7.2.3 Expanding Smart Home Control Methods
7.3 Companies to Watch
7.3.1 Intellivision
7.3.2 Roost
7.3.3 Tado
7.4 Global Trends
7.5 Market Forecast

8. Smart Home Energy Management
8.1 Trends and Market Developments
8.1.1 Smart Energy Devices in the Top Five Smart Devices Owned
8.1.2 Electric Vehicles Gaining Popularity
8.1.3 Opportunities Exist for Consumer Engagement
8.2 Innovations
8.2.1 Blockchain and Demand Response Programs
8.2.2 Development of Community Renewables
8.2.3 Residential Batteries Gaining Momentum
8.3 Companies to Watch
8.3.1 Leviton
8.3.2 Lutron
8.3.3 Sense with Landis+Gyr
8.4 Global Trends
8.5 Market Forecast

9. Connected Health
9.1 Trends and Market Developments
9.1.1 Connected Health Devices and Fitness Equipment
9.1.2 Telehealth and On-Demand Virtual Care Services
9.1.3 Independent Living Solutions
9.2 Innovations
9.2.1 Evolution of Connected Medical Devices
9.2.2 Blockchain and the Health Sector
9.3 Companies to Watch
9.3.2 Apple
9.3.3 Best Buy
9.4 Global Trends

10. Implications & Recommendations

List of Figures

  • Average Number of Connected Devices Per US Broadband Household
  • US Broadband Service Adoption & Service ARPU (2010-2018)
  • Connected Home Channels & Ecosystems Fitbit & Garmin Wearables
  • The Smart Home Ecosystem
  • Global Broadband Household Share by Region
  • Smart Speaker with Voice Assistant Adoption (2016-2019)
  • Smart Displays from Lenovo, Amazon, and Google
  • Smart Home Devices: Purchase Inhibitors Adoption of Data Security Services
  • Key Characteristics of Blockchain
  • Edge Computing Process
  • Adoption of Consumer Electronics Products
  • Consumer Familiarity with AR US Forecast – Smart Speakers with Personal Assistants
  • Amazon’s The Marvelous Mrs. Maisel
  • Global Forecast – Total OTT Revenue and Subscriptions
  • Installation Method for Recently Acquired Pro-Monitored Security Systems
  • Forecast of US Broadband Households with Security
  • Smart Home Device Ownership
  • Smart Controller Forecast – US Broadband Households
  • Number of Smart Energy Devices Owned
  • Smart Thermostat Ownership by Country (2018)
  • States with Community Solar Policies
  • US Forecast – Smart Thermostats (2018-2024)
  • Adoption of Specified Health Devices Caregivers’ Willingness to Pay for Independent Living Features
  • Important Aspects of Retirement Life

For more information about this report visit

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

         Laura Wood, Senior Press Manager
         For E.S.T Office Hours Call 1-917-300-0470
         For U.S./CAN Toll Free Call 1-800-526-8630
         For GMT Office Hours Call +353-1-416-8900
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