Tag: Artificial Intelligence

class-leading-eam-specialist,-peacock-engineering,-launches-new-data-management-solution

Class-leading EAM specialist, Peacock Engineering, launches new data management solution

February 9, 2023 Published by

 

Class-leading Enterprise Asset Management specialist, Peacock Engineering Ltd, has launched a new data management solution, MX+ Data Studio, in a move to help clients streamline their data management strategies, helping to save time, reduce costs and improve data reporting accuracy and compliance.

Digital transformation remains one of the largest investment areas for British businesses, with research estimating that organisations and enterprises, across all industries and sectors, will invest close to $150B by 2030. The continued funding of digital technologies comes as a further report, from a global technology intelligence firm, which evaluated organisations working in the ‘FMCG manufacturing, pharmaceuticals, steel production, chemicals, and the mining, oil and gas sectors’, also highlighted that ‘digital technologies, such as automation and data analytics, are key to helping organisations overcome significant pressures.’

Poor quality data, as a consequence of human error, duplication and inaccurate inputting, is thought to cost UK businesses an estimated 10% – 30% of revenue. For organisations and businesses operating complex assets and facilities, the impact of poor data can lead to an increase in maintenance costs including wasted field trips, poor workflow management and maintenance scheduling. Other negative outcomes can also include higher first-time fix failures, poor asset performance and availability, a reduction of an asset’s lifespan and, potentially, failing to meet regulatory compliance.

Liam Knapp, Chief Commercial Officer at Peacock Engineering said: “There is monumental pressure on UK businesses across all industries at this current time. Digital transformation will continue to be a shrewd investment, helping organisations to streamline processes, improve efficiencies, better plan expenditure and procurement, and capitalise on new business opportunities. Through conversations with our customers, we have recognised the need for better data management solutions and technologies that will enable our customers to benefit from better data driven decisions in their asset management strategies.”

He added: “The inability to assess and improve data can hinder an organisation’s ability to change to modern maintenance strategies, such as condition-based maintenance. Our clients spend significant time and effort on data quality. On a relatively small site with a moderate level of change to static data, our clients can now redeploy a full-time employee by replacing manual, labour intensive changes which carry a significant risk of error, with process controlled, validated changes though the MX+ Data Studio interface.”

Peacock Engineering provide digital asset management solutions to some of the UK’s largest energy and utility, pharmaceutical, transport and logistics, and manufacturing organisations. Its new data management solution, MX+ Data Studio, works exclusively with IBM Maximo Application Suite (MAS) and IBM Maximo, and is designed to make data management more straight forward and cost effective, transforming client’s abilities to drive value through their EAM solution.

MX+ Data Studio, a role-based, scalable data management solution, will enable organisations to benefit from enhanced, secure data capture capabilities, that promote a reduction in costly human error and duplication. The application’s enhanced data analysis technology highlights errors and restricts data upload until irregularities are corrected and ensures a smoother, faster upload to EAM systems, ensuring the quality of data is maintained throughout. Through improved data capture and faster, more accurate data uploads, the application will help deliver purer EAM strategies, that give organisations a clearer, richer view of their asset bases, helping to improve workload and maintenance scheduling, increase first-time fix rates, better meet regulatory compliance and improve data validation standards.

Alan Cambridge, CEO and Co-founder of Peacock Engineering, said: “Cleaner, clearer data helps organisations make better informed decisions. These decisions can be felt across all operational processes, from asset management and first-time fix rates, supply chain management, procurement of new machinery, the purchasing of spare parts and ultimately improving the management of projects, teams and time.

“Our investment in our new Mx+ Data Studio application will give organisations the platform to secure their data management strategies, improve overall data quality, reduce enterprise risk, and help optimise spending and streamline business processes.”

iqax-listed-in-top-10-shipping-digital-pioneers

IQAX listed in Top 10 Shipping Digital Pioneers

February 9, 2023 Published by

 

Highlighting its innovative capabilities and the transformative nature of its digital solutions for shipping and logistics, IQAX Limited was listed in the Top 10 Shipping Digital Pioneers as part of the 2022 Annual 100 in the Port and Shipping Industry list by China Shipping Gazette.

The Top 10 Shipping Digital Pioneers list honors best-in-class innovative companies that develop digital solutions, software, and technology for the shipping industry. IQAX solutions leverage multiple advanced and forward-looking technologies such as the Internet of Things (IoT), artificial intelligence (AI) and machine learning into a complete suite of products that can significantly strengthen shipping and logistics operations.

“The trend towards greater digitization is reshaping the global shipping industry and the value it generates became evident during the past few years. Innovative solutions like ours, that tap into the most advanced technologies, make the shipping industry and global trade more efficient and resilient,” said IQAX CEO Romney Wong. “The powerful solutions IQAX develops will continue to help the logistics industry take large strides towards a more efficient digitized future.”

“It is an honour to be counted as one of the Top 10 Shipping Digital Pioneers and will continue to create new and innovative technology solutions for this very important industry,” Wong added.

IQAX is committed to developing intelligent solutions to drive the digitization of shipping and logistics, aiming to create a harmonious global trade environment. With this vision in mind, IQAX has developed cutting-edge technology solutions to improve visibility and operational efficiency across the industry.

Digitization is driving the shipping industry, noted China Shipping Gazette in announcing this year’s list. As the world returns to normal, the industry is deriving significant benefits from this trend that took a big leap forward over the past few years defined by serious challenges and market difficulties. IQAX’s innovative solutions like IQAX Focus, IQAX TrackIt and IQAX eBL contributed significantly to digitization in shipping.

Based on the IoT, AI, and machine learning, IQAX Focus enables users to significantly improve the efficiency of logistics management. It provides end-to-end visibility and real time monitoring of both dry and reefer cargo through a single platform. The use of AI reduces false alarms, facilitates smart alerts, and accelerates compliance processes. This plug-and-play solution can be deployed quickly and relies on rechargeable and reusable devices.

IQAX TrackIt is a real-time ocean shipment visibility platform for shippers and non-vessel operating common carriers (NVOCCs) that uses a digital twin and AI to visualize and gain insights about shipments in transit. IQAX TrackIt empowers shippers to proactively identify potential delays that may require attention, view predictive departure and arrival times for better planning, provides map and calendar views, and allows shippers to stay one step ahead of their shipments.

IQAX eBL facilitates the use of electronic bills of lading (B/Ls) based on blockchain technology. IQAX eBL allows the industry to move away from traditional paper-based B/Ls. B/Ls are crucial to global trade through their role confirming ownership of goods. Electronic B/Ls have myriad of advantages over cumbersome paper-based ones in terms of information accuracy, data security, efficiency, energy savings and low carbon emissions.

China Shipping Gazette’s Annual 100 in the Port and Shipping Industry list is China’s most authoritative list of the most influential stakeholders in the industry.

spotos-aims-to-reinvent-logistics-by-creating-the-new-spot-freight-market

Spotos Aims To Reinvent Logistics By Creating The New Spot Freight Market

February 8, 2023 Published by

 

Spotos, a logistics startup that digitised and reimagined freight forwarding principles, announced the start of operations. Spotos has developed a digital spot freight market for shippers and carriers in Europe.

The company was established to address daily struggles and inefficiencies in finding spots, carriers and moving freight. Founded by entrepreneur Šarūnas Stanislovėnas, Spotos is a solution to simplify logistics for shippers and carriers, connect a fragmented industry and digitise inefficient business processes.

“I felt something is missing within the logistics industry, something vital and fundamental, which has fragmented and disconnected the industry. Logistics has always defaulted to analogue, inefficient, and time-consuming processes. I noticed that a lack of automation has negatively impacted all players in transportation, so I wanted to showcase how simple freight forwarding, with the help of digitisation, could truly be. This is how the spark for Spotos was born.” said Šarūnas Stanislovėnas, Founder & CEO.

Spotos’ ambition is to improve every aspect of freight forwarding by providing price transparency, radical automation, and market accessibility. The company declares that everyone deserves a chance to participate in the complex but fair process that is freight forwarding. Following this philosophy, Spotos has implemented various features that are changing industry habits.

Spotos makes room for small and medium businesses, allowing them to ship goods efficiently – no more time-consuming tasks, inefficient processes, unpredictable prices, fake freights, or late payments.

south-africa-hyperscale-data-centre-market-is-expected-to-generate-usd-~1.6bn-by-2027-owning-to-integration-of-global-cloud-service-providers,-increasing-awareness-on-environmental-impacts-and-adoption-of-advanced-it-infrastructure:-ken-research

South Africa Hyperscale Data Centre Market is expected to generate USD ~1.6Bn by 2027 owning to integration of Global Cloud Service Providers, Increasing awareness on environmental impacts and Adoption of advanced IT Infrastructure: Ken Research

February 8, 2023 Published by

 

South Africa Hyperscale Data Center Market is in the growing stage, being driven by rising to integration of Global Cloud Service Providers, Increasing awareness on environmental impacts and Adoption of advanced IT Infrastructure. There are several players in the South Africa Hyperscale Data Center market some of which are Toyota Teraco, Dimension Data, Amazon Web Service, Vantage Data Centers etc.

Increasing Government Support:  One of the major determinants for the surging growth in coming years is attributed to the favourable government rules & regulations such as Draft National Data & Cloud Policy formulated to support domestic and foreign investments in data and cloud infrastructure. Coupled with that, the National Broadband Policy launched by the government, aiming to improve broadband connectivity among users, schools and public organizations by 2030 will serve as a major demand driver for the growth of HSDC market in South Africa.

Increasing Awareness: Increased awareness on environmental impacts and government’s aim to limit carbon footprints by 2030 will result in businesses adapting to a strategy to utilize least amount of energy. The drive to lessen energy consumption will act as a catalyst for the increased demand of energy efficient hyperscale data centers in coming years.

Increasing Internet Penetration: There were 41.4 million internet users in South Africa in January 2022. South Africa’s internet penetration rate stood at 79.7% of the total population at the start of 2022. Internet users in South Africa increased by 494 thousand between 2021 and 2022. As of 2022, the share of the total population of South Africa using the internet was nearly 68%. This share is estimated to grow up to 90% by 2027. This would be an increase of 28% compared to 2018 when the share of the population accessing the internet in the country was 62%.

Rise in Digitization:  Educational institutions leveraging on technologies such as e-learning and digital collaboration coupled with corporate organizations shifting to a hybrid working environment will further contribute in boosting the demand for large scale hyperscale data center in South Africa.

Tough Competition: The competitive rivalry is high among the competitors. Apart from the companies building hyperscale data centers, there are various giants who are planning to set up hyperscale data centers in SA. Teraco, Africa Data Centers and Dimension Data dominated the Hyperscale Data Center Market in South Africa. Increasing cloud workloads have influenced companies like Amazon Web Services, Google, Microsoft, Facebook, and Apple to invest huge sums, in a single campus to bring out the utmost efficiency.

Analysts at Ken Research in their latest publication “South Africa Hyperscale Data Centers Market Outlook to 2027 – Driven by the growing adoption of remote work and surging demand of cloud computing solutions” by Ken Research observed that Hyperscale Data Centers market is an emergent market in South Africa at a growing stage even during the pandemic as well. The rising of digitization and quality telecommunication services, along with the reducing Setup Cost, is expected to contribute to the market growth over the forecast period. The South Africa Hyperscale Data Centers Market is expected to see high growth rate over the forecasted period 2022-2027F.

Key Segments Covered:-

South Africa Hyperscale Data Center Market

By Data Center Size (by Revenue), 2022 & 2027

  • Large Sized
  • Small & Medium Sized

By Industry Users (by Revenue), 2022 & 2027

  • IT
  • Telecom
  • Government
  • Others

By Solutions Provided (by Revenue), 2022 & 2027

  • Network
  • Storage
  • Servers
  • Others

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By End Users (by Revenue), 2022 & 2027

  • Cloud Providers
  • Enterprises
  • Others

Key Target Audience

  • Data Centers Service Providers
  • Telecom Companies
  • Governments
  • Cloud Providers
  • Information Technology Companies
  • Telecommunication Service Providers
  • Enterprises

Time Period Captured in the Report:-

  • Historical Period: 2017-2022
  • Base Year: 2022
  • Forecast Period: 2023– 2027F

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Companies Covered:-

  • Teraco
  • Africa Data Centers
  • Dimension Data
  • Vantage Data Centers
  • Amazon Web Services

Key Topics Covered in the Report:-

  • South Africa Hyperscale Data Centers Overview
  • Internet Penetration in South Africa
  • Cross Comparison of Data Center Market in South Africa with Other Countries
  • Ecosystem of Hyperscale Data Center Industry in South Africa
  • Business Cycle of Hyperscale Data Center Market in South Africa
  • Construction of Hyperscale Data Centre
  • Features of Hyperscale Data Center Facilities
  • Data Center Trends Driving Digital Transformation
  • Market Segmentation of Hyperscale Data Center Industry in South Africa
  • Porter Five Forces Analysis: South Africa Hyperscale Data Center Market
  • Growth Drivers of South Africa Hyperscale Data Center Market
  • Mergers, Acquisitions and Key Investments in South Africa Hyperscale Data Center Market
  • Issues and Challenges in South Africa Hyperscale Data Center Market
  • Demand Analysis
  • Competitive Landscape
  • Future Market Size of Hyperscale Data Center Industry in South Africa
  • Future Market Segmentation by Companies of Data Centers
  • Future Market Segmentation by Data Center Size
  • Future Market Segmentation by Industry Users
  • Future Market Segmentation by Solutions Provided
  • Future Market Segmentation by End Users
  • Analyst Recommendations

For more insights on the market intelligence, refer to below link:-

South Africa Hyperscale Data Center Market

Related Reports By Ken Research:-

KSA Data Center and Cloud Services Market Outlook to 2026F – Driven by rising investments in data centers from private sector and government support towards technology and Cloud first policy

The high upfront costs, higher power tariffs, maintenance-related issues, security and high real estate costs are increasingly tipping the scale in favor of third-party Data Centre operators. Increasing preference of companies to reduce complexity of enterprise ICT environment, coupled with increasing demand for computing, storage capacity in KSA. Saudi’s Cloud Services market has seen a tremendous growth due to surge in online activities majorly in all workplace systems along with investments and new market entrants. The Cloud Services Market in KSA is moderately concentrated comprising various global and local cloud services operators with Oracle and STC being the most popular cloud services provider. KSA Cloud Services Market is set to grow at a CAGR of 21.8% in terms of revenue generation, over the period 2021-2026F. The Cloud service market is driven by multiple upcoming projects by Google, Oracle and Alibaba and proliferation of IoT and digitization.

USA Hyperscale Data Center Market Outlook to 2027F- Driven by the growing adoption of remote work and surging demand of cloud computing solutions

According to Ken Research estimates, Hyperscale data center market in USA generated a revenue of USD ~ Billion in 2022, expanding at a CAGR of ~14% in between 2017 and 2022. The surging growth is attributed to the increasing usage of internet, popularity of smart homes, wearables, trend of automation across industries, etc. The growth of Big Data; data coming from a number of sources that needs to be stored, processed and analysed to make informed business decisions in each and every industry. The drive to lessen energy consumption will act as a catalyst for the increased demand of energy efficient hyper-scale data centers in coming years.

Germany Hyperscale Data Center Market Outlook to 2027- Driven by the growing adoption of remote work and surging demand of cloud computing solutions

According to Ken Research estimates, the Germany hyperscale data center market – which grew at a CAGR of 21.7% in the period of 2017-2022P – is expected to grow at a CAGR of 8.9% in the forecasted period of 2022P-2027F, owing to Growing Volume of Big Data and Low costs to Enterprises. The 5G and 6G technology will push the adoption of IoT-enabled products in the Germany market. The market for big data and IoT is still in the nascent stage of growth. However, it has huge potential to be the strongest driver for Cloud Services Data Centre investments in the German market. New business models are likely to emerge including a pay-per-use utility model, built to suit, etc. Location and design, easy scalability, security, infrastructure, sustainable practices and reliable partner are the key determinants for Cloud Services and Hyperscale Data Centre demand.

animeta,-an-ai-powered-creator-tech-company-launched-to-reshape-the-future-of-the-burgeoning-asian-creator-economy

Animeta, AN AI-POWERED CREATOR TECH COMPANY LAUNCHED TO RESHAPE THE FUTURE OF THE BURGEONING ASIAN CREATOR ECONOMY

February 8, 2023 Published by

 

Anish Mehta, the former CEO of leading Asian animation studio Cosmos-Maya, today announced the launch of his new venture, Animeta, an AI-based self-service creator tech platform aimed at creating and nurturing the untapped potential of the Asian digital-creator economy, through financial and analytical support.

Animeta is a Singapore-based Creator Tech company focused on creating & nurturing digital creators by helping them grow their communities & maximize their earnings across multiple social media platforms & customized brand solutions through the proprietary Animeta AI-based Self-Service Creator Tech platform. The company offers Financial Investment, Data Analytics & Business Intelligence, Content Strategy & Creative Supervision, Brand, PR & Social Media Expertise in addition to data driven, result oriented & authentic brand campaigns to content creators.

Anish is well-known in the Indian media business for changing the pivot of the Indian animation business during his previous stint as the CEO of Cosmos-Maya. From championing the cause of building original Indian IPs at scale to building a YouTube network with over 90 million cumulative subscribers across 35 channels, the studio created many industry-firsts under Anish’s leadership & also drew in coveted global investors like KKR’s Emerald Media & TPG backed NewQuest Capital Partners. He is now passionate about building the Creator Economy with Animeta by giving individual creators the much-needed push and scale to succeed financially.

“India alone has around 755 million social media users and about 80 million content creators, of which less than 0.2% are able to monetize their content. Animeta aims to bridge this gap through its creator tech platform & be the enabler who empowers a vast majority of creators by increasing their monetization potential in order to bring about a meaningful change in their lives,” said Anish Mehta, Founder of Animeta.

Animeta’s founding investors include Rajesh Kamat, the Managing Director of KKR’s Asian Media & Entertainment Platform, Emerald Media, and Sameer Manchanda, a serial Media Entrepreneur.

“In the last few years, we’ve seen a shift that has put the spotlight on smart, commercially savvy content creators who’ve emerged as businesses to reckon with by themselves. Today, the global creator economy is worth more than a 100 billion USD on the back of social media users who’ve grown to an approximate of 5 billion in 2023 alone. While the user base continues to increase rapidly, the revenues are estimated to increase at a staggering CAGR of 35% through 2024. I am excited to back Anish & his team on this journey,” said Rajesh Kamat.

“I am a true believer of content playing a very important role in today’s digital world. I am confident that Animeta will be a game changer for content creators and bring about the scalable transformation which is essential for the Indian creator economy,” added Sameer Manchanda.

carbon-fiber-prepreg-market-worth-$18.9-billion-by-2027-–-exclusive-report-by-marketsandmarkets

Carbon Fiber Prepreg Market worth $18.9 billion by 2027 – Exclusive Report by MarketsandMarkets™

February 8, 2023 Published by

 

The report “Carbon Fiber Prepreg Market by Resin Type (Epoxy, Phenolic, Thermoplastic, BMI, Polyimide), Manufacturing Process (Hot Melt, Solvent Dip), End-use Industry (Aerospace & Defense, Automotive, Sports & Recreation, Wind Energy) – Global Forecast to 2027″, The global carbon fiber prepreg market size is expected to grow from USD 9.7 billion in 2022 to USD 18.9 billion by 2027, at a CAGR of 14.2% during the forecast period.

Carbon fiber prepreg is used in aerospace & defense, wind energy, sports & recreation, automotive, and other end-use industries. Some of the major drivers identified in the market are the increasing use of carbon fiber prepreg in electric cars. Another major driver is the growing demand for carbon fiber prepreg due to increased commercial aircraft production.

Browse in-depth TOC on “Carbon Fiber Prepreg Market“.

286 – Tables
50 – Figures
284 – Pages

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=25864916

Hot melt manufacturing process comprises a major share of the carbon fiber prepreg market in terms of value.

Carbon fiber prepregs are developed and manufactured through two manufacturing processes, namely, hot melt and solvent dip. The hot melt process dominated the overall carbon fiber prepreg market. The machinery required to perform the hot melt process is less complex than the machinery used in the solvent dip process. Furthermore, this process is less hazardous, and no organic solvents are consumed or emitted during operations.

Epoxy resin product type accounts for the largest market share in the global carbon fiber prepreg market during the forecasted period in terms of value.

The market for carbon fiber prepreg is segmented on resin as epoxy, phenolic, BMI, thermoplastic, polyimide, and others. Epoxy resin dominates the overall carbon fiber prepreg market as it is widely applicable in aerospace & defense, automotive, sports & leisure, wind energy, and other industries. Due to their unique molecular structure, epoxy-based carbon fiber prepregs are lightweight and strong and, therefore, can be used in aircraft tails and fuselage.

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Aerospace & defense segment accounted for the largest market share in the global carbon fiber prepreg market based on the end-use industry in terms of value.

The aerospace & defense industry accounted for 68.9%, in terms of value, of the overall carbon fiber prepreg market in 2021. The market size in this segment is projected to reach USD 13,062.0 million by 2027 at a CAGR of 14.2%. This growth is expected to be driven by the increase in the delivery of Boeing-787 and Airbus-350 aircraft during the forecast period. According to Boeing Market Outlook, 2019-2038, the Asia Pacific region plans to acquire 17,390 new airplanes; Europe – 10,270; North America – 9,130; Latin America – 2,960; and the Middle East & Africa – 3,130. This is expected to result in a significant consumption of carbon fiber prepreg for the manufacturing of composite components.

Europe is expected to account for the largest market share in the carbon fiber prepreg market during the forecast period.

Europe is the largest carbon fiber prepreg market across the world. The aerospace & defense, wind energy, and automotive industries have huge demand for carbon fiber prepregs for various structural applications. In Europe, there is presence of distinguished automotive players such as BMW, Rolls-Royce, Mercedes-Benz, and Jaguar. These companies are expanding their R&D efforts in collaboration with carbon fiber prepreg manufacturers to decrease the weight of cars by using high-performance carbon fiber prepregs for structural applications.

Browse Adjacent Market: Fibers and Composites Market Research Reports & Consulting.

Market Players

The key players in the carbon fiber prepreg market include Mitsubishi Chemical Carbon Fiber and Composites, Inc. (Japan), Solvay (Belgium), Teijin Limited (Japan), Toray Industries Inc. (Japan), Hexcel Corporation (US), Gurit Holding AG (Switzerland), SGL Carbon (Germany), Park Aerospace Corp. (US), and Axiom Materials, Inc. (US), and others. These players are adopting the strategies of new product launches, expansions, and agreements to maintain their competitive position in the carbon fiber prepreg market.

Related Reports:

Carbon Fiber Market – Global Forecast to 2032

Composites Market – Global Forecast 2026

data-loss-prevention-market-to-reach-$56.28-billion-by-2030:-cognitive-market-research

Data Loss Prevention Market to Reach $56.28 Billion by 2030: Cognitive Market Research

February 8, 2023 Published by

 

The Global Data Loss Prevention Market size is projected to be USD 56.28 Billion by 2030 growing at a CAGR of 21.54% from 2023 to 2030, as per a recent report by Cognitive Market Research. Acronis has launched a new advanced data loss prevention solution that protects Managed Service Providers (MSPs) and businesses of all sizes from data breaches, which is expected to increase the demand for the data loss prevention industry.

Read the Full Report Edition on https://www.cognitivemarketresearch.com/data-loss-prevention-market-report

Major findings during Data Loss Prevention Industry Analysis:

  • Increasing demand for cloud computing and switching data storage from on-premise to public and the private platform is anticipated to drive the growth of the global data loss prevention market.
  • The developing commercialization is expected to increase the demand for data loss prevention technology. Rising cloud-based businesses and persistent cyber-attacks are projected to drive the market over the forecasted period.
  • Growing internet penetration rate, increasing dependency on the communication sector, and the necessity to secure data from data hackers are expected to drive the market for data loss prevention technology.
  • Government regulations like Sarbanes Oxley Act and Health Insurance Portability & Accountability Act has boosted the demand for data loss prevention technology in small & medium businesses.
  • Rising incidents of data breaches across various industries, such as retail, financial services, insurance, and others, are expected to increase the demand for data loss prevention technologies.
  • North America is expected to be the largest market in terms of revenue because of its large adoption of big data and cloud technologies and Asia-Pacific is estimated to be the fastest growing region during the forecast period. Growing economies like China and India are anticipated to drive the data protection market as they are the leading service-providing countries. The enterprises in the Asia Pacific are expected to start investing in data protection projects due to continuous cyber-attack challenges.
  • Based on type, the data center DLP segment is expected to dominate the global market, owing to increasing spending on data center DLP from enterprises to improve their uptime and thaw off cyber-attacks.
  • Based on organization size, the small and medium-sized enterprises segment is expected to register the highest CAGR in the global market. This growth is mainly due to the need to improve operational productivity, maximize profits and to compete with large organizations
  • Based on the end-use industry, the BFSI segment is expected to dominate in terms of revenue contribution to the global market. This growth is attributed to keeping data safe, preventing it from leaks, loss, and theft, and reaching compliance with different data privacy laws.
  • Based on the type of application, the cloud storage segment is estimated to dominate the global market as it keeps an organization’s severe or sensitive information safe from cyber-attacks, insider threats, and accidental exposure.
  • Based on deployment type, the cloud data loss protection segment is expected to dominate in the global market due to perceived benefits such as scalability and growing penetration of smart mobile devices.
  • Based on services, the managed security services segment is expected to grow at a higher CAGR over the projected period.

Read full market analysis Data Loss Prevention Market Report 2023 Edition, Market Segmented (by Type Data Center DLP, Endpoint DLP, Network DLP) (By Services: Managed Security Services, Training and Education, Consulting, System Integration and Installation, Threat and Risk Assessment) (By Deployment Type: On-premises, Cloud Data Loss Protection) (By Application: Cloud Storage, Encryption, Policy Standards and Procedures, Web and Email Protection, Others) (By  End Use Industry: Healthcare, Retail and Logistics, Defense and Intelligence, Public Utilities and Government Bodies, BFSI, IT and Telecom, Others)

Data Loss Prevention Market Growth and Trends

The increasing adoption of cloud computing by organizations has collectively raised the need for data loss prevention, which is a major factor driving the growth of the global data loss prevention market. Rising awareness among businesses regarding data integrity and technological advancements in data loss prevention are the major factors expected to drive the growth of the market over the forecast period. As the business grows globally, new threats such as zero-day malware, Trojan horses, and advanced persistent threats put critical data at risk. This trend encourages organizations to deploy data loss prevention solutions to protect data on endpoints and networks from potential attacks.

The BYOD trend is gaining popularity among organizations, increasing the influx of disparate laptops, desktops, and smartphones, leaving other endpoints vulnerable. Security measures alone are not enough to stop these threats. Substantial growth in the adoption of mobile devices across the globe is expected to create significant opportunities during the forecast period.

Many companies strongly influence the market in terms of R&D and integration activities. As a growth strategy, companies indulge in product launches as a profitable way to maximize their market share. For instance, in April 2022 – McAfee Corp. launched Personal Data Scrubbing in the United States, the latest privacy features the company has added to its flagship product, McAfee Total Protection. Personal Data Scrubbing provides consumers with visibility, guidance, and ongoing monitoring to protect themselves, and identify spammers by removing their data from some of the riskiest data broker sites on the web. Similarly, in April 2022, Broadcom Inc. announced “day one” support for IBM’s new z16, expanding opportunities for organizations to derive more value from the company’s advanced AI and hybrid cloud solutions. Broadcom’s leading technology solutions, services, and innovative “beyond the code” software give customers the competitive edge they need to succeed in an increasingly challenging business environment.

The COVID-19 pandemic has positively impacted the revenue of data loss prevention companies due to enforced lockdowns and facility closures. As offices switch offline to online modes during the pandemic, threats to sensitive data have increased, leading to data piracy and theft. However, these companies are developing new product launches, partnerships, and collaborations as key strategies to expand their presence in the global data center security market. Moreover, many market players have invested in strategies such as agreements, joint ventures, and acquisitions to strengthen their solution portfolios and expand their geographic footprints.

Read the Full Report with the Table of Contents: https://www.cognitivemarketresearch.com/data-loss-prevention-market-report#table_of_contents

Data Loss Prevention Market Report Scope

Data Loss Prevention Market – Type Outlook (Revenue, USD Billion, 2018–2030)

  • Data Center DLP
  • Endpoint DLP
  • Network DLP

Data Loss Prevention Market – Services Outlook (Revenue, USD Billion, 2018–2030)

  • Managed Security Services
  • Training and Education
  • Consulting
  • System Integration and Installation
  • Threat and Risk Assessment

Data Loss Prevention Market – Organization Size Outlook (Revenue, USD Billion, 2018–2030)

  • Large Enterprises
  • Small and Medium-sized Enterprises

Data Loss Prevention Market – Deployment Type Outlook (Revenue, USD Billion, 2018–2030)

  • On-premises
  • Cloud Data Loss Protection

Data Loss Prevention Market – Application Outlook (Revenue, USD Billion, 2018–2030)

  • Cloud Storage
  • Encryption
  • Policy Standards and Procedures
  • Web and Email Protection
  • Others

Data Loss Prevention Market – End Use Industry Outlook (Revenue, USD Billion, 2018–2030)

  • Healthcare
  • Retail and Logistics
  • Defense and Intelligence
  • Public Utilities and Government Bodies
  • BFSI
  • IT and Telecom
  • Others

By Regions:

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, France, UK, Italy, Spain, Russia, Rest of Europe)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Southeast Asia, Rest of APAC)
  • Latin America (Brazil, Argentina, Columbia, Rest of Latin America)
  • Middle East & Africa (GCC, Saudi Arabia, Turkey, Egypt, Rest of MEA)

List Of Companies Profiled:

  • Absolute Software Corporation
  • Broadcom Inc.
  • Cisco Systems Inc.
  • Digital Guardian
  • Forcepoint
  • Gtb Technologies Inc.
  • McAfee Corp.
  • Proofpoint Inc.
  • Thales Group
  • Trend Micro Inc.
  • Trustwave Holdings
  • Zecurio

Related Reports to Data Loss Prevention Market:

The global Cloud DLP market is expected to reach USD 1,323.9 billion by 2030 growing at a CAGR of 23.4%. The growing workforce mobility has dramatically driven the cloud DLP market and the BYOD trend. Moreover, growing concern over confidential information leakage is driving adoption of cloud DLP solutions by expansive organizations, thereby expanding the cloud DLP market.

The global virtual data optimizer market is projected to reach USD 24.61 billion by 2030, growing at a CAGR of 18.23%. The global virtual data optimizer market is expanding rapidly, mainly due to the increasing demand of businesses for cost-effective data storage systems to handle large volumes of data. In terms of solution implementation, Virtual Data Optimizer allows compression companies to save space and reduce costs. This will reduce the cost of cloud-based external block storage, per processing instance, and long-term data image maintenance. Moreover, deduplication software solutions are required to remove redundant copies of processed data blocks, increasing the demand for virtual data optimizers globally.

Other Related Reports:

Explore Cognitive Market Research’s Other Service & Software Industry Report

infosys-collaborates-with-ge-digital-to-deliver-energy-transition-solutions

Infosys Collaborates with GE Digital to Deliver Energy Transition Solutions

February 7, 2023 Published by

 

Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY), a global leader in next-generation digital services and consulting, today announced a strategic collaboration with GE Digital, GE’s software division, to accelerate grid transformation for the utilities sector. Together, GE Digital and Infosys will follow a joint go-to-market approach to deliver value added solutions for grid related products and services, for their new and existing clients.

Infosys and GE Digital will jointly bring these solutions for the utilities industry to help grid operators realize a more reliable, resilient, and sustainable grid. This will be driven by an industry-leading grid orchestration software platform and a suite of intelligent applications that bring together energy data, network modeling, and artificial intelligence (AI). This collaboration combines GE’s deep expertise and experience with utilities in the energy sector, and long years of investment in grid equipment and platforms, and Infosys’ breadth of business transformation, system integration, and advanced technology capabilities that will enable efficient electric grid orchestration.

This engagement builds on Infosys’ eighteen-year relationship with GE, that includes collaboration on innovative technology crucial for energy transition.

Infosys will build a GE Digital Center of Excellence (CoE) to expand the talent pool for the GE GridOS® portfolio and bring in best practices in service delivery. Infosys will also invest in accelerators to integrate the GE platform and application suite into enterprise ecosystems and address client specific requirements. In addition, Infosys will bring in digital capabilities in areas like AI, Cloud, Cybersecurity and Industrial IoT to support utility transformation. This 360-degree collaboration will enable Infosys to work with GE to deliver the benefits of Information Technology and Operational Technology (IT-OT) convergence to utilities.

“With energy transition driving increasing complexity on the grid, alignment between IT and OT is becoming very important,” said, Mahesh Sudhakaran, General Manager, GE Digital Grid Software. “Our collaboration with Infosys will help accelerate adoption of grid software that bridges these disciplines, equipping the next generation of grid operators with the tools they need to keep the grid stable, resilient, and sustainable. The utility’s ability to not just manage but orchestrate the clean energy grid relies on a unique combination of software and partnership for strategy building, as well as execution of solutions. Infosys’ clear understanding of GE solutions and strong commitment to leadership will enable significant productivity and service level improvements, along with critical cost efficiencies.”

Ashiss Dash, EVP & Global Head – Services, Utilities, Resources and Energy, Infosys, said, “We are delighted to collaborate with GE Digital to drive the digital transformation of the electric grid which is very crucial for energy transition. Through our GE Digital Center of Excellence, we plan to bring product depth, scale, and service delivery best practices to this rapidly growing market. With a comprehensive understanding of utility business requirements and challenges, we look forward to leveraging our technological prowess and domain expertise to enable this transformation as part of this 360-degree collaboration.”

guidehouse-insights-estimates-global-distribution-automation-and-substation-automation-markets-will-grow-to-nearly-$19-billion-by-2031

Guidehouse Insights Estimates Global Distribution Automation and Substation Automation Markets Will Grow to Nearly $19 Billion by 2031

February 7, 2023 Published by

 

A new report from Guidehouse Insights explores the development of the distribution automation (DA) and substation automation (SA) markets by region, from 2022 through 2031.

Globally, distribution-level feeders and substations have varying degrees of automation as currently constructed. Many legacy feeders and substations have little to no remote monitoring or control capabilities, while more advanced modern systems contain high levels of visibility, digital communication, SCADA, and controllable protection. According to a new report from Guidehouse Insights, the global DA and SA markets are expected to grow significantly over the next decade, at a compound annual growth rate (CAGR) of 10.4% increasing from $7.6 billion in 2022 to $18.5 billion by 2031.

“Highly automated distribution feeders and substations can provide utilities and grid operators a greater level of resiliency, improved reliability, and increased visibility into the distribution system,” says Michael McConnell, managing consultant with Guidehouse Insights. “Transmission and distribution systems throughout the world are poised for an influx of capital investment, in some cases to address capacity shortfalls, in others to replace aging infrastructure, with grid modernization being a constant theme applied across the board.”

As utilities and grid operators ready their transmission and distribution systems for a future with extensive electrification, renewable generation, and distributed energy resources, visibility and control at every level of the grid become essential. The continual advancement of automation technologies and use cases will help the industry transition from conventional to more advanced automation systems, according to the report.

The report, Market Data: Distribution and Substation Automation Markets, analyses the specific drivers and barriers for the DA and SA markets, applying a regional focus based on historical and expected growth trends, recent policies, and unique distribution system characteristics. Global market analyses for grid infrastructure and revenue, broken out by segment and region, extend through 2031. The report also examines the key technologies related to distribution and SA and identifies key industry players. An executive summary of the report is available for free download on the Guidehouse Insights website.

g-p-announces-record-breaking-2022-results-and-$300-million-arr

G-P Announces Record-Breaking 2022 Results and $300 Million ARR

February 7, 2023 Published by

 

G-P (Globalization Partners), the leading Global Employment Platform™, today announced record-breaking 2022 results and unmatched industry recognition. The company hit $300 million in annual recurring revenue (ARR), was named an Employer of Record (EOR) industry leader by research firms NelsonHall and Everest Group and delivered 59 percent year-over-year customer growth.

As the founder of the EOR industry, G-P’s recording breaking results are fueled by its technology innovation, SaaS-based platform, unmatched legal, HR and compliance expertise, and unrivaled partnership network with more than 400 companies including ADP, Paychex and TriNet. Thousands of companies including Zoom, TaylorMade and SonicWall trust G-P to help them expand into new markets and hire talent in countries around the world.

“G-P’s strong organic growth over the last 12 months is a clear indicator that business leaders recognize G-P as the best partner to help them expand into new markets and build global teams quickly, compliantly and easily,” said Vernon Irvin, chief revenue officer, G-P. “We’re the only EOR provider with more than 10 years of experience and it shows in our technology, customer satisfaction and growth. We expect increased demand in 2023 as more companies embrace global, remote work.” The company is well positioned to support growth with more than $300 million cash and equivalent on its balance sheet.

In 2022, G-P was recognized in the highest position on both the Everest Group and NelsonHall analyst reports, highlighting the company’s strength in vision, market impact and ability to deliver immediate benefits and meet future customer requirements. In addition, G-P was recognized as a Fast Company World Changing Idea, Top 50 Inspiring Workplace, ADP Partner of the Year and also received the Business Intelligence Group Award for Business Product of the Year, among others.

This milestone year included the launch of significant new product innovations including G-P Recruit and G-P Contractor and the unveiling of the industry’s first Employment Contract Generator™ making it easy to create compliant employee contracts, reducing the time to hire. New and enhanced integrations with market leading HCM providers, applicant tracking systems and payroll providers were added and innovative features and workflows were introduced in the platform for a best-in-class user experience. In 2022, G-P also unveiled its new brand identity that reflects the company’s mission to break down barriers to global business and enable opportunities for everyone, everywhere.

G-P bolstered its leadership over the last 18 months adding experienced executives to lead the company through the next phase of growth. The executive team additions include Vernon Irvin as chief revenue officer, Nat ‘Rajesh’ Natarajan as chief product and strategy officer, Richa Gupta as chief people officer, Simone Nardi as chief financial officer and Heidi Arkinstall as chief marketing officer. The new leadership has accelerated the company’s growth and scale.

G-P’s visionary executive chair Nicole Sahin founded G-P and the employer of record industry in 2012. She published her first book, Global Talent Unleashed: An Executive’s Guide to Conquering the World, to share her expertise and to help others tap into the fullest of human potential. The book was named to the WSJ Bestseller List and continues to serve as a blueprint with case studies and advice for business leaders looking to expand internationally.

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