SWARM INTELLIGENCE MARKET ANALYSIS

Market Challenges And Opportunities

Increasing demand for big data analytics is one of the major driver for the growth of swarm intelligence market worldwide. Increasing demand for insights from structured and unstructured data related to market trend, customer expectation, and product description have propelled demand for big data analytics. According to Coherent Market Insights, total digital data is projected to reach around 180 zettabytes by 2025, worldwide. The big data analytics is classified into four components: multi-objective optimization, handling dynamical data, handling high dimensional data, and handling large amount of data. With the help of swarm intelligence effective methods can be designed, which can be utilized to solve big data analytics problems.

The Unmanned Aerial Vehicle (UAV) is projected to witness highest CAGR over the forecast period. The swarm intelligence have a realistic and practical method for completing the required mission of finding and attacking a target. According to Coherent Market Insights, in 2017, around 174.1 thousand units of commercial drones were sold worldwide. Moreover, increasing adoption of drones by military for surveillance and reconnaissance have accelerated the growth of swarm intelligence market.   

Furthermore, the robotics segment held the dominant position in the swarm intelligence market in 2017 and is projected to retain its dominance throughout the forecast period. Increasing adoption of swarm robots for various application such as disaster rescue missions, surveillance and environment monitoring, and military have boosted the growth of robotics segment in swarm intelligence market.