Global Swarm Intelligence Market Analysis and Forecast, 2018-2028
Porter’s Five Forces analysis has been undertaken to determine the competitive intensity and attractiveness of the global swarm intelligence market. Each of the five forces is analyzed against some of the key criteria influencing the impact of that force. The overall impact of all the five forces is medium to high due to large number of players existing in the global swarm intelligence market. Each of the criteria is assigned a risk rating depending upon its impact on the force (high, medium and low). The swarm intelligence technology is gaining popularity among the software developers, service providers, and commercial sectors due to their ability to provide intelligent, self-organized, collective, and global behavior. In the Porter’s Five Forces model, swarm intelligence solution providers are considered as suppliers, whereas, end-users from industries such as drones and robotics are considered as buyers. The bargaining power of suppliers & buyers, threat of substitutes, threat of new entrants, and intensity of rivalry within the industry shape its competitive structure. The detailed analysis of each of the market forces is given in the following sections.
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The cumulative impact of the threat of new entrants in the global swarm intelligence market has been identified to be medium.
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Research and Development: This phase is a major step in the overall design of the product which includes prototype designing, product development and engineering, and obtaining regulatory approvals. In this phase, ground work is done to generate value across the rest of the phases by giving a concrete shape to the overall product. Almost all the major swarm intelligence solution providers invest in research and development to stay ahead of their competitors.
Component Sourcing: This is the phase where various technologies are embedded such as sensors, sensor system. These components are sourced from the system and component manufacturers to develop the final product.
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