Electric Scooter and Motorcycle Market worth $14.7 billion by 2028 – Exclusive Report by MarketsandMarkets™


Electric Scooter and Motorcycle Market by value, is estimated to be USD 4.9 billion in 2023 and is projected to reach USD 14.7 billion by 2028, at a CAGR of 24.8% from 2023 to 2028, according to a new report by MarketsandMarkets™The market for electric scooters and motorcycles is expected to rise as a result of reasons including rising fuel prices, the adoption of emissions-free transportation, and advantageous government policies including subsidies and tax refunds.

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Browse in-depth TOC on “Electric Scooter and Motorcycle Market”

120 – Tables
90 – Figures
320 – Pages

Electric Scooter and Motorcycle Market Scope:

Report Coverage


Market Size

USD 14.7 billion by 2028

Growth Rate

24.8% of CAGR

Largest Market

Asia Pacific

Market Dynamics

Drivers, Restraints, Opportunities & Challenges

Forecast Period


Forecast Units

Value (USD Billion)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

Vehicle Type, Battery, Distance Covered, Voltage, Technology, Vehicle Class Usage, and Region

Geographies Covered

Asia Pacific, Europe, and the Americas

Report Highlights

Updated financial information/Company Evaluation Quadrant

Key Market Opportunities

Use of IoT and Smart Infrastructure in Electric Two Wheelers Charging Station for Load Management

Key Market Drivers

Implementation of Battery Swapping Technology

Government agencies from several nations are creating lucrative incentives and programmes to entice people to purchase electric two-wheelers, including significant discounts, initially free electricity, and free public charging stations. In addition, governments are collaborating with producers to construct charging and production facilities, exempting them from taxes. These elements are anticipated to fuel the demand for electric scooters and motorcycles in the future.

The potential of electric mobility, which can prevent environmental damage, reduce global warming, as well as reduce dependence on oil-producing nations, has been recognised by governments around the world. This can result in significant savings on import costs and help manage foreign exchange risks. These government incentives will be essential in influencing the market.

Europe is expected to be the second-largest market during the forecast

Europe is home to many electric two-wheeler manufacturing companies such as Energica Motor Company (Italy), GOVECS (Germany), and Piaggio (Italy). The automotive industry is one of the key contributors to Europe’s economy. The European region is segmented into GermanyFranceSpainAustriaBelgiumthe NetherlandsPolandDenmarkItaly, and UK. The increasing concerns over carbon emissions by conventional ICE two-wheelers and efficiency in this mode of travel have led the European two-wheeler manufacturers to develop electric scooters and motorcycles, which has propelled the growth of the electric scooter and motorcycle market. Government initiatives have encouraged the key players in the market to develop advanced electric two-wheelers as well as the infrastructure for charging facilities. The demand for electric two-wheelers has allowed new players to increase their presence in the region. Governments of various European countries are subsidizing electric infrastructure, and the focus will continue to be on electric vehicles in the long run. Hence, the electric scooters and motorcycles market will grow in the future in Europe. In December 2022, Astara has signed a strategic partnership with Silence Urban Ecomobility to distribute their electric scooters and vehicles for micro mobility in Belgium and Luxembourg.

The below 75 miles segment is expected to be the largest segment in the forecast

The below 75 miles segment is estimated to lead the global electric scooter and motorcycle market, as most electric scooters/mopeds have a range of up to 75 miles. The below 75 miles range market will be the largest and fastest growing over the forecast period. Many models within this range are popular in the Asia Pacific region, which will play a vital role in driving the market growth. Yadea G5, Xinri Shiny, Hero Optima HX (single battery), Okinawa R30 (Lithium Ion) and Flash LX (lead-acid battery) are some of the popular electric scooters and motorycles. Manufacturers have created battery technology with a higher range due to ongoing advancements in battery R&D. Thus, the above 100 miles segment is anticipated to grow at a higher CAGR than other segments. In 2022, iVOOMi Energy launched iVOOMi S1, vehicle is equipped with the 4.2 Kwh twin removable battery setup on the iVOOMi S1 provides a range of 240 km/charge under Indian Driving Conditions (IDC). In addition to this, Revolt RV 400, Ola S1, ZERO SR, Johammer J1, Zero Motorcycle DSR/X, Energica Experia etc., offer a range of over 100 miles. The market is therefore expected to expand in the future as OEMs prepare to introduce vehicle models for electric two-wheelers in the higher range.

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Key Market Players:

The major players in global electric scooter and motorcycle market include Yadea Technology Group Co.,Ltd. (China), Jiangsu Xinri E-Vehicle Co., Ltd (China), NIU International (China), Hero Electric (India), and Okinawa Autotech Internationall Private Limited (India).  These companies offer extensive products and solutions for the electric two-wheeler industry; have strong distribution networks at the global level, and invest heavily in R&D to develop new products.

Recent Developments

  • In January 2023 Yadea Group (China) launched Yadea Keeness VFD atConsumer Electronics Show (CES) in Las Vegas, Nevada. Keeness VFD model is equipped with a 10KW mid-mounted high-performance motor and features a maximum speed of 100km/h, and an acceleration from 0-50km/h in just 4 seconds.
  • In January 2023 Yadea Group (China) launched new model Volrguard. The scooter is powered by an ATL lithium battery pack (72V27Ah*2), featured with ultra-high density, which outputs higher power at the same time.
  • January 2023, hero electric has entered into a long-term partnership with maxwell energy systems for the supply of advanced battery management systems. Under the partnership, maxwell will supply more than 10 lakh units of its battery management systems (bms) over the next three years to hero electric.
  • October 2022NIU International announced to  launch of their newest kick scooter, the KQi3 Max. With a top speed of 20 MPH, and a 40.4-mile range, the KQi3 Max kick scooter offers maximum performance, comfort, and stability.
  • April 2022, Init Esports, the Esports Powerhouse that specializes in sim racing events & motorcycle tournaments, announced its partnership with NIU Technologies, the world’s leading provider of smart urban mobility solutions.
  • July 2022, The Silence Urban Ecomobility launched new model S01+. Scooter is equipped with 7.5 kWh of battery with vehicle range of 137 km/charge. The scooter has a top speed of 109 kmph.
  • December 2022, Astara has signed a strategic partnership with Silence Urban Ecomobility to distribute their electric scooters and vehicles for micro mobility in Belgium and Luxembourg.

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Browse Adjacent Market: Automotive and Transportation Market Research Reports & Consulting

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12BET Integrates Betradar as a New Sportsbook Provider to Mark 15 Years in the Online Gaming Industry

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12BET, an online gaming and sports betting platform, announced the integration of Betradar as its new sportsbook provider in celebration of its 15th anniversary. This move aims to enhance the user experience for sports betting enthusiasts by providing a more comprehensive range of options and exciting features.

As the sports betting data division of Sportradar, Betradar offers a broad range of services, including live odds, virtual sports, live streaming, and statistics. This partnership allows 12BET members to access Betradar’s extensive range of sportsbook services, enabling an immersive sports betting experience that is supported by real-time decision-making data.

In addition to the integration, 12BET also announced exciting IPL offers for cricket enthusiasts, including a range of prizes such as a Mahindra XUV 700, Royal Enfield Meteor 650, Samsung galaxy fold4, and more. These promotions are available throughout the duration of the event and customer support is provided in multiple languages such as English, Hindi, Telugu, Tamil, Kannada, and Malayalam for their Indian audience.

“We are thrilled to announce our partnership with Betradar as our new sportsbook provider. Our aim has always been to provide the best possible experience to our beloved members. With Betradar’s expertise, we have enhanced our offerings and are positive to provide an unparalleled experience to end-users. We are excited to celebrate our 15th anniversary and have loads of offers ongoing, especially for the IPL.” said a spokesperson from 12BET.

12BET, a prominent iGaming brand that offers multiple gaming products, including Sportsbook, online casino, Keno, Lottery, and other games, all under one roof. Licensed and regulated by the Philippine Amusement and Gaming Corporation (PAGCOR) and is currently ranked as 17th EGaming operator in the industry.

12BET’s partnership with Betradar marks a significant milestone in the company’s history as it celebrates its 15th anniversary. The integration of Betradar as a sportsbook provider enables 12BET to expand its offerings and provide its members with an enhanced sports betting experience. With additional promotions such as the IPL offer and customer support in multiple languages, 12BET demonstrates its commitment to providing its members with the best possible gaming experience.


Selvita with record results in 2022, builds a base for further dynamic growth in upcoming periods


Selvita S.A. [WSE: SLV] – one of the largest CRO (Contract Research Organization) companies in Europe has published a full-year report for 2022*. The Group reported record results for 2022, in excess of meeting the objectives of its ambitious development strategy for 2022-2025. In 2023 the Company is strengthening the base for further dynamic growth of its business scale.

  • In 2022 Selvita (excl. Ardigen) generated EUR 75.4 million in revenue from commercial services, marking an increase of 29% y/y. EBITDA profit reached EUR 22.7 million, 41% higher than in 2021 (EBITDA margin reached 30.0%, 2.6 p.p. higher y/y).
  • At the end of March, Selvita announced that it had completed construction of its new research space in Krakow, to which it is moving part of its high-margin drug discovery services business. Selvita’s new research center is capable of providing workspace for approximately 250 scientists, marking a significant milestone in the Company’s development and laying the foundation for the Company’s continued organic growth.
  • Selvita’s backlog for 2023 reached EUR 43.3 million (as of March 28, 2023) and is 7% higher than the value reported a year earlier (as of March 24, 2022), despite a very high base. There are many indications that in 2023 the dynamics of contracting between quarters will be different than usual. The company is observing an increased caution from its customers, resulting in contracting for shorter periods, which makes it possible to count on extensions in subsequent quarters of 2023.
  • Due to investments in infrastructure and team development, the Company entered 2023 with a higher cost base, which taking into account slowing growth rates, is putting pressure on margins. Today, Selvita is fundamentally positioned for continued strong growth, and the Management Board’s priority is to return to high revenue growth and margin levels.
  • Selvita is actively responding to this situation, focusing on identifying markets and customers with the largest research budgets, significantly intensifying sales activities in selected areas – primarily in the US market and towards big pharma. The Company is already observing the first effects of these activities and expects further positive results from the tactics adopted in the coming months.
  • In parallel, the Company is taking advantage of this more challenging period to identify areas where optimizations can be made, and is improving its savings policies, which should have a positive impact on margins both in the coming quarters and in the long term.

Boguslaw Sieczkowski, co-founder, major shareholder and Chief Executive Officer at Selvita, comments:

– 2022 was a record year for us. We made good use of several years of excellent economic conditions, growing more than three times faster than our environment and more than quadrupling the scale of the business between 2019 and 2022. At the same time, we have built a solid base for further dynamic growth and are now focusing on increasing and diversifying our revenue base. There are many indications that this year the distribution of backlog between quarters will be different than usual. Thus, we expect growth rates to increase and margins to improve in the second half of 2023. Returning to the high dynamics of revenues and margin levels that we got our investors accustomed to is our top priority at the moment.

Both biotechnology and pharmaceutical companies have high cash reserves and are gradually increasing their R&D spending, outsourcing an increasing portion of its activities. At the same time, access to new capital has been difficult for several quarters, making our clients more cautious with their budgets. This situation allows us to hope that as market sentiment improves, our clients will quickly return to bolder investments in R&D. In the long term, we operate in an attractive market, which gives us excellent prospects for growth.

While funding for the global biopharmaceutical sector more than doubled in the pandemic years – 2020-2021 – in 2022 it dropped to the 2019 levels, with the largest amount of capital (more than 70%) going to companies in the U.S. market. In Europe, the U.K. market stands out positively. Selvita is very active in both these markets, based on its local sales offices in major biotech centers.

Dr. Milosz Gruca, Executive Vice President and Chief Commercial Officer at Selvita, said:

– We are trying to play on our numerous competitive advantages and focus on the most attractive markets and customers at the moment. We took the first steps towards strengthening sales back in 2022, and since the beginning of this year we have significantly intensified these activities.

In 2022 Selvita completed the integration of Fidelta, the Croatian company, acquired in early 2021. Selvita has strengthened its market position, significantly increased its customer portfolio and introduced new high-margin services. At the same time, the Company continued to invest in team and infrastructure development. In March 2023, Selvita announced the completion of its new headquarters in Krakow, which constitutes nearly 4 000 sq. m. of new research space and can provide workspace for approximately 250 scientists.


In 2022, Selvita’s drug discovery services generated EUR 63.7 million (up by 24% y/y) and accounted for 84% of Selvita’s commercial services revenue. Services in the area of regulatory research constituted the remaining part of commercial services revenues and amounted to EUR 11.7 million (up by 61% y/y).

Dr. Milosz Gruca adds:

– We are continuing very strong business development activities. While in 2022 we participated in more than 80 events, this year we plan to take part in more than 110 shows and conferences. We are working hard to strengthen our visibility and scientific recognition.

The bioinformatics segment (Ardigen) generated in 2022 EUR 10.2 million in external revenues, indicating a 51% year-on-year increase. EBITDA in this segment of the business amounted to EUR 1.3 million. The company continues its intensive development investments. Starting in 2023, Ardigen will not be consolidated in Selvita’s results.

For the full year 2022, Selvita Group generated EUR 88.8 million in revenue, showing an increase of 31% year-on-year. EBITDA amounted to EUR 24.0 million (stable profitability at 27.0%), a result which is 32% higher than a year earlier. Net profit reached EUR 13.5 million (up by 28% y/y, profitability of 15.2%).

In Q4 2022 alone, the Group generated EUR 23.1 million in revenue, up by 16% year-on-year. EBITDA amounted to EUR 5.6 million, and due to Ardigen’s intensive investments, remained at a similar level to a year earlier.

There are numerous indications that in 2023 the dynamics of contracting between quarters will be different than usual. Selvita’s backlog for 2023 reached EUR 43.3 million (as of March 28, 2023) and is 7% higher than the value reported a year earlier (as of March 24, 2022), despite a demanding market environment and a high base. The Company expects intensified contracting in the second part of the year.

The market in which Selvita operates is at the advanced stages of the longest and deepest cycle of restrictions on access to new financing seen in the last 15 years. Both biotech and pharma companies have high cash reserves, but due to heightened uncertainty, they are investing in R&D activities more cautiously, and what follows R&D outsourcing is also handled more cautiously. Selvita is expecting this situation to improve swiftly once market sentiment improves.

Boguslaw Sieczkowski adds:

– We are looking ahead to 2023 with a lot of caution but also optimism. We have taken numerous measures focused on business development growth, targeting the market sectors which are currently most attractive. At the same time, we are implementing various optimization measures, and have introduced cost-saving policies that will have a positive impact on Selvita’s efficiency both in the coming quarters and further in the future.

 *The results do not include non-cash costs of the non-dilutive employee incentive program. Backlog as of March 28, 2023.


FBMDS launches Top+Plus: the new generation of table games

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A new generation of online casino games is right around the corner as FBMDS has just launched its latest Top+Plus collection featuring Banca Francesa, Baccarat and Blackjack Vegas Strip titles available worldwide. This new product line brings the atmosphere of physical casinos to any device by replicating real table game gestures on the online universe, in a fully customizable, mobile-friendly, and immersive gaming experience.

The updates made on the Banca Francesa, Baccarat and Blackjack Vegas Strip Top+Plus games show clear signs of deep market research, made with the help of useful inputs from partners. An easier-to-use gaming layout, that was intuitive and mobile-friendly but that could also combine the best rewarding features were all must-haves in this new product offer, showing FBMDS’ competitiveness and up-to-trends marketing approach.

Guilherme Graziani, Account Manager at FBM Digital Systems, has high expectations for this gaming collection and shares his confidence in this new generation of table games based on client’s insights and receptiveness to this innovative offer. “In this new product launch, we made sure we listened to players’ and casino operator’s feedback, we refreshed the graphics and ambience surrounding these games and brought better responsiveness to our products making them more entertaining and playable than ever”, completes Graziani.

The new Top+Plus family titles are adaptable to any device and compatible with all dimensions and operating systems. These three products increase playability regardless of gaming type, as they provide intuitive tips to improve players’ experience and share common graphic and gameplay guidelines, establishing the real concept of a product family.

Apart from the user-friendly strength, Top+Plus games will also provide longer gaming sessions. Besides the memory storage improvements, as this table games fans occupy less space on any device, they bring a power-saving approach in periods of players inactivity optimizing the use of devices’ resources.

Moreover, not only did FBMDS bring a twist to good old classic fun of table games, replicating its land-based playing gestures on the online segment and engaging atmosphere as if players were in a real casino, but FBMDS was also able to provide a fully customizable product for operators and players.

The Top+Plus family offers operators the possibility of personalizing the games with their branding guidelines including logos, colours, background, assets and much more. In the players side, these three products offer additional control to the players in terms of colors, sounds and everything that matters concerning the gaming experience.

This new much anticipated addition to the Top+Plus family perfectly sets the table for casino enthusiasts around the globe, as it combines the best prizes and intuitive user experience in on single offer, making FBMDS a go-to provider of online casino games for top-ranking online gaming platforms across borders.

Once again, FBMDS played its cards right making a brand-new bet on an immersive table games selection that online casino users can play on any device, whenever they wish. This product refreshment comes to prove the commitment that the online casino gaming brand has been advocating regarding this year’s goal to improve players’ gaming experience, ultimately aiming for clients’ satisfaction and profitability.


Carbon & Graphite Felt Market worth $770 million by 2028- Exclusive Report by MarketsandMarkets™


The report Carbon & Graphite Felt Market by Raw Material type (PAN, Rayon, and Pitch), Product Type (Soft Felt and Rigid Felt), Type (Carbon Felt and Graphite Felt), Application (Furnace, Batteries, and Filters), and Region – Global Forecast 2028″, is estimated at USD 491 million in 2023 and is projected to reach USD 770 million by 2028, at a CAGR of 9.4% from 2023 to 2028. Carbon and graphite felts are non-woven fabrics made from carbon fiber, namely, PAN, rayon, and pitch. These non-woven fabrics, when passed through processes such as carbonizing, graphitizing, pressing, and mixing, form carbon and graphite felts.

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292 – Tables
47 – Figures
215 – Pages

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PAN raw material segment is expected to account for largest share in 2022.

On the basis of raw material type, the global carbon & graphite felt market is segmented into PAN, rayon, and pitch. Carbon and graphite felts are produced using these materials either by the carbonization or graphitization processes at very high temperatures ranging from 3,632°F to 6,322°F. The demand for PAN-, pitch-, and rayon-based carbon & graphite felts may vary because of their different physical properties, usage in different applications, and different manufacturing processes used in their production. PAN-based carbon & graphite felt holds the largest share of the overall market.

Soft carbon & graphite felt segment held the largest market share in the market.

Based on the product type, market is segmented into soft felt and rigid felt. In 2022, soft felt segment dominated the market in terms of both, volume, and value. The soft carbon & graphite felt get widely used in the multiple areas such as heated vacuum furnaces, graphitizing furnaces, annealing furnaces, and many more.

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Asia Pacific accounted for the largest share in 2022

The carbon & graphite felt market has been studied in North AmericaEuropeAsia PacificMiddle East & Africa and Latin America. The Asia Pacific carbon & graphite felt market is being driven by growing need of renewable energy. The growing focus on the energy savings, and emission control policies along with the technological developments in then region is driving the market growth.

Market Players

Major players operating in the carbon & graphite felt market SGL Group (Germany), Toray Industries, Inc. (Japan), Kureha Corporation (Japan), Nippon Carbon Co., Ltd. (Japan), Beijing Great Wall Co., Ltd. (China), Chemshine Carbon Co., Ltd. (China), CM Carbon Co., Ltd. (China), and Gansu Haoshi Carbon Fiber Co., Ltd (China) are some of the market players.

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

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Lithuanian Gaming Control Authority Joins United Lotteries for Integrity in Sports (ULIS)

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The United Lotteries for Integrity in Sports (ULIS) has announced the addition of the Lithuanian Gaming Control Authority (LGCA) as its newest associate member.

The move serves to strengthen the ongoing partnership between the two organisations, which began in May 2018 with a cooperation agreement to combat match-fixing and to improve all-round integrity standards.

As an associate member, the LGCA will actively participate in the exchange of information concerning suspicious sports and betting activities within the extensive ULIS network. This collaboration aims to bolster efforts in addressing match-fixing concerns and maintaining the integrity of sports events.

The LGCA is an institution under the Ministry of Finance of the Republic of Lithuania that participates in the implementation of state policy regarding gaming activities. It conducts gaming control to ensure that gaming activities are fair and transparent, and protects the rights and interests of players. In addition, it is responsible for supervising and controlling the operation of lotteries in the country, to protect the interests of players and operators, while its main priority is to ensure the proper enforcement of legal regulations concerning gaming and lotteries.

Virginijus Dauksys, Director of the LGCA, said: “The two organizations share the same objectives, values, and commitment to tackle the phenomenon of match-fixing. The data and information we receive from ULIS, helps us to look carefully into the different sport events taking place in our country and it can be used as an important element of our investigations at the national level.”


With Security Copilot, Microsoft brings the power of AI to cyberdefense


Microsoft Corp. announced it is bringing the next generation of AI to cybersecurity with the launch of Microsoft Security Copilot, giving defenders a much-needed tool to quickly detect and respond to threats and better understand the threat landscape overall. Security Copilot will combine Microsoft’s vast threat intelligence footprint with industry-leading expertise to augment the work of security professionals through an easy-to-use AI assistant.

“Today the odds remain stacked against cybersecurity professionals. Too often, they fight an asymmetric battle against relentless and sophisticated attackers,” said Vasu Jakkal, corporate vice president, Microsoft Security. “With Security Copilot, we are shifting the balance of power into our favor. Security Copilot is the first and only generative AI security product enabling defenders to move at the speed and scale of AI.”

Security Copilot is designed to work seamlessly with security teams, empowering defenders to see what is happening in their environment, learn from existing intelligence, correlate threat activity, and make more informed, efficient decisions at machine speed.

Simplifying complexity and accelerating responses

In a world where there are 1,287 password attacks per second, fragmented tools and infrastructure have not been enough to stop attackers. And although attacks have increased 67% over the past five years, the security industry has not been able to hire enough cyber risk professionals to keep pace. This has led to defenders who are overwhelmed searching for well-disguised attacks within an impossibly large volume of expanding network traffic and other signals.

Security Copilot will simplify complexity and amplify the capabilities of security teams by summarizing and making sense of threat intelligence, helping defenders see through the noise of web traffic and identify malicious activity.

It will also help security teams catch what others miss by correlating and summarizing data on attacks, prioritizing incidents and recommending the best course of action to swiftly remediate diverse threats, in time.

Continually learning to augment the expertise of security teams

Security Copilot will also continually learn and improve to help ensure that security teams are operating with the latest knowledge of attackers, their tactics, techniques and procedures. The product will provide ongoing access to the most advanced OpenAI models to support demanding security tasks and applications. Its visibility into threats is powered by both the customer organization’s security data and Microsoft’s vast threat analysis footprint.

These capabilities can empower security teams of any size with the skills and abilities of much larger organizations. In addition, Security Copilot helps address skills shortages in cybersecurity by bridging knowledge gaps and enhancing workflows, threat actor profiles and incident reporting across teams.

“Advancing the state of security requires both people and technology — human ingenuity paired with the most advanced tools that help apply human expertise at speed and scale,” said Charlie Bell, executive vice president, Microsoft Security. “With Security Copilot we are building a future where every defender is empowered with the tools and technologies necessary to make the world a safer place.”

Built on the Microsoft platform and industry-leading threat intelligence

Microsoft is uniquely qualified to help customers explore and adapt AI to boost their cybersecurity defenses. Microsoft Security is actively tracking more than 50 ransomware gangs as well as more than 250 unique nation-state cybercriminal organizations, and receives 65 trillion threat signals every day. Microsoft technology blocks more than 25 billion brute-forced password theft attempts every second, and more than 8,000 security professionals at Microsoft analyze more security signals than almost any other company — on average Microsoft’s Security Operations Center analysts utilize over 100 different data sources.

Acquisitions like RiskIQ and Miburo give Microsoft breath of signal and depth intelligence on threat actors that no one else has. Security Copilot also integrates natively with a growing list of Microsoft Security products, such as Microsoft Sentinel and Microsoft Defender, to help customers create an end-to-end experience across their entire security program.



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As the local gaming industry continues to gain momentum, the Philippine Amusement and Gaming Corporation (PAGCOR) is optimistic that performance growth remains on the horizon as the agency aims for P244.84 billion industry gross gaming revenues (GGR) for 2023.

In the 2023 Performance Scorecard submitted by PAGCOR to the Governance Commission for GOCCs (GCG), the forecasted GGR for this year is 33.13% or P60.934 billion higher than the 2022 GGR target of P183.906 billion.

The GGR target is also P30.51 billion or 14.23% higher than the actual 2022 industry GGR of P214.33 billion.

According to PAGCOR Chairman and CEO Alejandro H. Tengco, the state-run gaming firm’s increased GGR targets is fueled by the gaming industry’s robust performance in 2022, which has been largely attributed to the opening of Philippine borders to local and foreign tourists.

“Since the lockdowns were eased in the country late last year and gaming venues reopened, customer confidence slowly returned and the attendance in our owned casinos slowly improved. Our licensed casinos likewise recorded a major revenue growth,” he said.

Because of this, PAGCOR, for its part, targeted P68.490 billion revenues from its gaming operations by the end of 2023. “This amount is 36.6% increase from our P50.13 billion target in 2022 and 24.41% higher than our 2022 income from gaming,” Tengco explained.

Also part of PAGCOR’s commitment, as cited in its 2023 Performance Scorecard, are “100% payment of mandatory contributions to recipient agencies; attainment of P1.022 billion net income (less income tax); and 98% collection efficiency of license and regulatory fees from PAGCOR’s regulated gaming entities.”

PAGCOR also endeavors to “retain its ISO:9001:2015 certification; 100% attainment of 2023 deliverables; 100% completion of transactions within the prescribed period; revision of the agency’s Board-approved Competency Framework; and establishment of competency baseline for employees.”

To achieve these, Tengco shared that PAGCOR, under the current management, will endeavor to improve its regulatory functions and business operations.

“We will ensure that our plans and programs for 2023 will be generally beneficial to our industries, putting foremost the interests of responsible gaming and of nation-building,” he said.


Teleperformance launches its futuristic new site in Hyderabad


Teleperformance, the global leader in digital integrated business services, has launched another site in Hyderabad, this time at DLF Cyber City. The Hyderabad campus is named ‘AVINYA,’ derived from Sanskrit, meaning ‘Innovation.’ Avinya is located at DLF Cyber City in Gachibowli and spans over 52,000 square feet. The office is based on the theme of Artificial Intelligence and will house operations for global clients.

The new campus will accommodate over 1,000 employees and is equipped with over 560 production workstations and another 100 for conducting in-house training. The new site is designed with modern amenities including a 24×7 cafeteria, an indoor gaming zone, meditation corners, ample parking space, and gender-neutral bathrooms allowing for a more diverse and inclusive workforce.

Teleperformance, in line with its plans to hire an additional 20,000 employees in India in the coming 18 months, continues to invest in both physical and online infrastructure. Its newest site at Hyderabad adds to the recently inaugurated TP Olympiad at Mohali and TP Campus at Cyber Hub, Gurgaon.

Ahead of the launch, Teleperformance organized a rock concert at the N-Convention center for its employees to celebrate this milestone.

Teleperformance currently employs over 90,000 people in India, serving over 200 clients including the world’s leading brands. Whilst building additional state-of-the-art infrastructure across metro and Tier-2 cities, it also continues to lead the anywhere-anytime work model, leveraging its Cloud Campus – a global virtual workforce platform. Teleperformance Cloud Campus has been recognized across multiple global industry forums as a next-gen innovation for optimizing remote teams.

The company is 10 times Great Place To Work® certified in India, ranked amongst the ‘Best Workplaces in Asia,’ and is also certified as one of the ‘Best Workplaces for Women’ three years in a row by Great Place To Work®.

According to Anish Mukker, CEO of Teleperformance India, the welfare of its employees is one of the core principles of Teleperformance. “We believe a happy work culture makes employee contributions more worthwhile and meaningful. That is why we have invested in offices that encourage our staff to perform at their highest level by making them feel at ease and valued. As we focus on our growth in India for 2023, we recognise that our people play an integral role, and this new office is a part of our commitment to strive for quality and success at every turn.”


PAGCOR heeds call to help families affected by oil spill in Mindoro town

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THE Philippine Amusement and Gaming Corporation (PAGCOR) heeded the call to help the families and individuals who are gravely affected by the massive oil spill in the waters of Oriental Mindoro by joining a relief-giving mission on March 28, 2023.

The state-run gaming agency distributed 6,000 food and non-food packs to 3,000 recipients in the town of Pola. Most locals in said town only rely on fishing as their source of livelihood. Pola was reported as the most affected among the 14 municipalities of the province after oil slicks from the sunken M/T Princess reached their shorelines and continue to deprive them of their livelihood and food supply.

Princess Go, President of the organizer of the mission, NextGen Foundation Philippines, Inc. (NGFPI), said they requested aid from various sources to help the distressed families of Pola as soon as reports came out that the town is suffering heavily from the effects of the oil spill. PAGCOR was one of the agencies that they approached for relief assistance.

“We really needed all the help we can get to provide relief to those who were affected by this unfortunate incident. Thankfully, PAGCOR agreed to partner with us to make this humanitarian event happen,” she stated.

Pola Municipal Mayor Jennifer Cruz led the distribution of the relief items to the beneficiaries at the town’s public market. She was joined in the activity by key PAGCOR officers headed by VP for Corporate Social Responsibility Group Ramon Stephen Villaflor and Asst. VP for Community Relations and Services Eric Balcos and representatives from NextGen and Oceanus Conservation.

Fifty-year-old Annabel Fabula, village chief of distant Barangay Buhay na Tubig, related that life had been extremely difficult for her constituents since fishing is temporarily banned in the areas devastated by the oil spill. With no other alternative source of livelihood, the residents of the community have been relying mostly on aid from the local government and various organizations for more than three weeks now to get by with their daily needs. The remote village, which can only be accessed through a 40-minute boat ride from the town proper, has a total population of over 1,000.