Artificial Intelligence
Image Recognition Market to Benefit from Applications in Security and Surveillance
Pune, Aug. 18, 2020 (GLOBE NEWSWIRE) — The global image recognition market size is projected to reach USD 81.88 billion by 2026. The increasing incorporation of artificial intelligence in image recognition will fuel the demand for the product across the world. According to a report published by Fortune Business Insights™, titled, “Image Recognition Market Size, Share & Industry Analysis, By Component (Hardware, Software, Services), By Services (Implementation, Consulting and Training, and Support and Maintenance), By Technology (Barcode Recognition, Facial Recognition, Object Recognition, Pattern Recognition, and Optical Character Recognition), By Applications (Scanning and Imaging, Security and Surveillance, Image Search, Augmented Reality, and Marketing and Advertising), By Deployment (On-Premises, Cloud), By End-User (BFSI, Media and Entertainment, Retail and Consumer Goods, IT and Telecommunications, Government, Healthcare, Transportation and Logistics, and Others) and Regional Forecast, 2019-2026,” the market was worth USD 20.19 billion in 2018 and will exhibit a CAGR of 19.6% during the forecast period, 2019-2026.
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The competitive landscape of the IoT in manufacturing market has been discussed in detail. In addition to growth stimulators, the report discusses a few of the factors that have restrained market growth. Forecast values for the market have been provided in the report for the period of 2019-2026. Additionally, the report identifies areas that have witnessed the highest demand and applications for the product in recent years. Besides this, a few of the leading products, major companies, and major industry developments of recent times have been highlighted in this report.
Increasing Number of Product Launches Will Aid Growth
The report encompasses several factors that have contributed to the growth of the market in recent years. Among all factors, the increasing number of product launches have made the highest impact on market growth. In April 2019, Honeywell announced the launch of new technology with AI-integrated capabilities in connected security platforms. The product was launched within collaboration with Intel with the aim to improve site security and operator productivity. Through this product, the company plans to expand its portfolio of image recognition products and establish a stronghold in the market. The report includes a few of the major product launches of recent times and gauges their impact on the global market.
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North America to Witness High Growth; Widespread Product Applications Will Aid Market Growth
The report analyzes the ongoing image recognition market trends across major regions, including North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. The market in North America will witness high growth in the coming years, due to the growing demand for image recognition across several industries. The growing incorporation of image recognition technology in banking sectors will contribute to market growth. Besides North America, the market in Asia Pacific is projected to emerge as the fastest-growing market due to the increasing investments in product development.
Key Industry Developments:
April 2018: Qualcomm Technologies, Inc. announced a collaboration with NetEase Youdao for the implementation of Youdao’s real-scene augmented reality (AR) translation-based platforms.
List Of Key Companies that are operating in the global image recognition market are:
- Amazon Web Services (AWS) Inc.
- Google LLC
- IBM Corporation
- Microsoft Corporation
- NVidia Corporation
- Honeywell International Inc.
- Qualcomm Technologies, Inc.
- Honeywell International, Inc.
- Hitachi, Ltd.
- LTU technologies
- NEC Corporation
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Detailed Table of Content
- Introduction
- Definition, By Segment
- Research Approach
- Sources
- Executive Summary
- Market Dynamics
- Drivers, Restraints and Opportunities
- Emerging Trends
- Key Insights
- Macro and Micro Economic Indicators
- Consolidated SWOT Analysis of Key Players
- Global Image Recognition Market Analysis, Insights and Forecast, 2015-2026
- Key Findings / Summary
- Market Size Estimates and Forecasts
- By Component (Value)
- Hardware
- Software
- Services
- Implementation
- Consulting and Training
- Support and Maintenance
- By Technology (Value)
- Barcode Recognition
- Facial Recognition
- Object Recognition
- Pattern Recognition
- Optical Character Recognition
- By Application (Value)
- Scanning and Imaging
- Security and Surveillance
- Image Search
- Augmented Reality
- Marketing and Advertising
- By Deployment (Value)
- On-Premises
- Cloud
- By End-User (Value)
- BFSI
- Media and Entertainment
- Retail and Consumer Goods
- IT and Telecom
- Government
- Healthcare
- Transportation and Logistics
- Others
- By Region (Value)
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
- By Component (Value)
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Artificial Intelligence
nodeQ Launches PQtunnelTM: The Leading-Edge Cybersecurity Solution for Quantum-Safe Communication
The latest application developed by nodeQ simplifies the migration to Post-Quantum Cryptography for both SMEs and large enterprises
YORK, England, May 7, 2024 /PRNewswire/ — The advent of Quantum Computing poses a significant threat to existing public-key cryptosystems. A large quantum computer can break algorithms like RSA or ECDH, which form the backbone of current internet security. Already today, confidential data is in danger: It can be harvested now to be decrypted later when a quantum computer can run Shor’s factorization quantum algorithm on a sufficiently large number of qubits.
This vulnerability exposes a large number of applications to potential security breaches, threatening our trillion-dollar digital economy. Multiple sectors are under threat: Financial Institutions, government entities, telecommunications companies, cloud providers, the healthcare industry, the defense sector, universities and research centers, and virtually any IT-based enterprise that relies on encrypted data.
Companies must transition IT infrastructures to quantum-resistant solutions, such as Post-Quantum Cryptography (PQC). In the US the transition to PQC is set to start in 2024, as a result of Biden’s 2022 Computing Cybersecurity Preparedness Act and the end of NIST standardization.
nodeQ has developed PQtunnel™, a groundbreaking tool designed to assist businesses – ranging from SMEs to large enterprises – in transitioning their end-to-end (E2E) secure communication to PQC. This innovative software application is available in two variants: PQtunnel™ TLS and PQtunnel™ SSH, meeting diverse business requirements.
PQtunnel™ TLS is an enterprise-oriented tunneling application that leverages the Transport Layer Security (TLS) protocol to secure traffic between a client (or a proxy) and the target application. This solution has been thoroughly tested on various enterprise-grade applications, such as GitLab EE, demonstrating its effectiveness and reliability.
On the other hand, PQtunnel™ SSH offers a comprehensive Quantum-Safe SSH server, alongside a client equipped with a user-friendly interface. This software suite is designed for secure shell operations, ensuring the highest level of security and ease of use.
Both PQtunnel™ variants utilize a wide range of PQC algorithms, including the most recent ones under standardization by NIST, and hybrid algorithms. This approach combines the stability of current cryptographic methods with the quantum-safeness of new cryptographic suites, offering unmatched security against emerging cyber threats.
Developed as cloud-native applications, both variants of PQtunnel™ are designed to facilitate easy distribution and provide flexibility in a wide range of scenarios. Secure Post-Quantum tunneling to your GitLab server, quantum-safe data transfer, secure cloud IT management, and PQC benchmarking are just a few of the use cases where PQtunnel™ can be applied, showcasing its versatility and significance for today’s cybersecurity landscape.
Ignazio Pedone, the cybersecurity lead at nodeQ, emphasized the significance of their latest security product, stating, “This security product represents an important step towards a more effective and robust application of quantum-safe cryptography for enterprises.”
Various early customers have already adopted PQtunnel™ to test their readiness to migrate to quantum-safe cryptography. PQC is going to play an important role for telecom operators.
“At Fibraweb, PQtunnel demonstrated our readiness for quantum-security migration,” says Walid Bounassif, CEO of Fibraweb (an Italian telco). “The software created quantum-resistant connections between external clients and our internal servers, showing that post-quantum encrypted communication can efficiently be implemented for remote IT administration and secure file transfer.”
PQC is essential for medium to large enterprises, including educational institutions like universities, where maintaining data confidentiality at various levels is crucial. At the University of York (UK), PQtunnel™ has been deployed for the quantum-safe transfer of documents. This pioneering demonstration, the first of its kind in the world within the education sector, actively involved staff and students from the Department of Computer Science.
“PQtunnel has effectively established high-speed, quantum-resistant connections both within and beyond the campus perimeter,” says Prof Paul Cairns (Head of the Computer Science Department at the University of York, UK). “This technology has clearly demonstrated its capacity for facilitating quantum-secure data transfers, affirming its readiness to enhance our university’s digital infrastructure.”
For additional information about PQtunnel™, nodeQ, and their range of products, the reader can visit their website at www.nodequantum.com.
Key Features
Crypto-Agility: implements all NIST PQC algorithms to counteract the quantum threat.Cross-Platform: available for the most adopted operating systems and hardware architectures.Easy Setup: no need for long or complex installation procedures to get started.On-the-Fly Benchmarking and Optimization: can benchmark and optimize high-level security protocols against all the available combinations of PQC algorithms for key exchange and digital signature.Target Customers
Financial InstitutionsTelecommunications CompaniesUniversities and Research CentersCloud ProvidersHealthcare IndustryGovernment EntitiesDefense SectorManufacturing CompaniesSMEs handling confidential dataAbout nodeQ
At nodeQ, we are pioneering the future of computer networks, leveraging our deep expertise in quantum communication, artificial intelligence, and software-defined networking. Our primary objective is to transition computer networks to quantum security, placing a critical emphasis on maintaining speed, performance, and usability at the heart of this transformation.
Contacts
Stefano [email protected]
Request a demo or a brochure at [email protected] or visit www.nodequantum.com.
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Artificial Intelligence
Simplilearn and Purdue University Online Unveil Cutting-Edge Generative AI Program for Business Transformation
The program provides over 50 hours of live online sessions with industry experts, exploring GenAI tools like ChatGPT, Gemini and Amazon CodeWhisperSuitable for candidates with preferably over 5 years of work experience, proficiency in English and an eagerness to leverage Gen AI to solve real business problemsThe program offers the applications of Generative AI in various business functions like software engineering, sales and marketing, customer service, product research, and more.SAN FRANCISCO, May 7, 2024 /PRNewswire/ — Simplilearn, the world’s leading online bootcamp provider, has strengthened its partnership with Purdue University, renowned for its unwavering commitment to innovation, research, and education. Together, they proudly announced the launch of the Generative AI for Business Transformation program. As the global demand for Generative AI skyrockets, with projections* soaring to $667.9 billion market by 2030, boasting a staggering annual growth rate of 24.4%, this program emerges as a pivotal force in the transformative journey into the Generative AI domain.
The program offers a comprehensive understanding of Generative AI and its applications across business functions such as sales, marketing, software engineering, customer service, data analytics, and product research & development. It empowers learners with the skills to automate tasks, predict trends, generate code, and personalize content using Generative AI and navigate its ethical considerations. From automated copywriting to predictive analytics, the program helps learners foster responsible and effective use of GenAI across diverse domains.
Learners can expect a dynamic learning experience with over 50 hours of live online classes, exposure to prominent Generative AI tools, and masterclasses conducted by the Purdue faculty and staff. Professionals will master the essentials of Generative AI, including LLMs, prompt engineering, ChatGPT, its applications and benefits to drive business outcomes.
Upon successfully completing the program, learners will receive a certificate jointly issued by Purdue University Online and Simplilearn and access to Purdue’s Alumni Association membership for global recognition.
The program is suitable for professionals with over 5 years of work experience, proficiency in English and an eagerness to leverage Generative AI to solve real business problems. The program is designed for a diverse range of professionals, including business Leaders, C-suite executives, mid-senior level managers, functional heads, consultants, technology professionals, data professionals and entrepreneurs.
Speaking about the program, Mr. Anand Narayanan, Chief Product Officer of Simplilearn, said,”Our collaboration with Purdue University Online brings together the excellence of the world’s leading online bootcamp provider and leading academic institution known for its commitment to innovation, research, education, and expertise in the AI and ML fields. This program will empower business leaders, mid-senior level managers, functional heads, and technology professionals with the skills to stay at the forefront of industry advancements. With Gen AI at its core, learners will be equipped to navigate in today’s dynamic AI landscape, fostering responsible innovation, and business transformation ideas.”
Dimitrios Peroulis, Senior Vice President for Purdue University Online, said, “As a beacon of academic excellence, Purdue University Online is excited to partner with Simplilearn in delivering a transformative learning experience through the Generative AI for Business Transformation program. This collaboration reflects our commitment to providing high-quality education and preparing professionals for the challenges and opportunities presented by emerging technologies like Generative AI.”
About Purdue University
Purdue University is a public research institution demonstrating excellence at scale. Ranked among top 10 public universities and with two colleges in the top four in the United States, Purdue discovers and disseminates knowledge with a quality and at a scale second to none. More than 105,000 students study at Purdue across modalities and locations, including nearly 50,000 in person on the West Lafayette campus. Committed to affordability and accessibility, Purdue’s main campus has frozen tuition 13 years in a row. See how Purdue never stops in the persistent pursuit of the next giant leap — including its first comprehensive urban campus in Indianapolis, the new Mitchell E. Daniels, Jr. School of Business, and Purdue Computes — at:
https://www.purdue.edu/president/strategic-initiatives
About Simplilearn
Founded in 2010 and based in San Francisco, California, and Bangalore, India, Simplilearn, a Blackstone portfolio company, is the world’s #1 online Bootcamp for digital economy skills training. Simplilearn offers individuals and businesses worldwide access to world-class work-ready training. The Bootcamps are designed and delivered with world-renowned universities, top corporations, and leading industry bodies via live online classes featuring top industry practitioners, sought-after trainers, and global leaders. From college students and early career professionals to managers, executives, small businesses, and big corporations, Simplilearn’s role-based, skill-focused, industry-recognized, and globally relevant training programs are ideal upskilling solutions for diverse career or business goals.
Simplilearn conducts more than 3,000 live classes monthly, with an average of 80,000 learners who spend more than 500,000 hours on the platform. Its programs allow learners to upskill and get certified in popular domains.
For more information, please visit www.simplilearn.com/
*Fortune Business Insights.
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Artificial Intelligence
NetSuite Awarded Frost & Sullivan’s 2024 Global Company of the Year Award for Leading Innovation in Cloud Business Management Solutions
NetSuite revolutionizes cloud enterprise resource planning (ERP) with its all-in-one cloud business suite that helps drive efficiency and visibility for organizations worldwide
SAN ANTONIO, May 7, 2024 /PRNewswire/ — Frost & Sullivan recently researched the cloud ERP market and, based on its findings, recognizes Oracle NetSuite with the Global Company of the Year Award. NetSuite is an integrated cloud business system that helps businesses simplify core processes, improve productivity, expand insights, and grow more efficiently.
View the full multi-media landing page: https://best-practices.frost.com/oracle-netsuite/
NetSuite’s leadership in the cloud ERP space is evident with more than 37,000 customers across diverse sectors, including education, energy, finance, healthcare, manufacturing, and retail. Additionally, the company adopts a pioneering approach to embedding artificial intelligence (AI), which makes it stand out in the market. Leveraging Oracle Cloud Infrastructure’s advanced supercluster technology, NetSuite provides powerful AI capabilities that deliver actionable insights and increase the speed and accuracy of business processes. By embedding generative AI capabilities across the suite, NetSuite empowers global organizations to maximize productivity and make informed decisions based on real-time insights.
With NetSuite, upgrades are seamlessly delivered so customers are always using the latest version of its software, which improves access to cutting-edge features. Furthermore, the company’s extensive partner and professional services ecosystem significantly enhance the customer experience, enabling businesses to optimize the value of their NetSuite investment.
“Opportunities for AI include automation (data entry, financial analysis, and inventory management), actionable insights (better decision-making using real-time insights and predictions about customers and competitors), human-like interaction (integrating machine learning (ML) and natural language processing), and anomaly detection (enhanced security and detection of unexpected patterns). NetSuite currently has all these elements in its product suite. AI is embedded in business processes within NetSuite and also available in the form of assistants and advisors,” said Sankara Narayanan, Industry Director at Frost & Sullivan.
To address its customers’ growing curiosity about AI and its business implications, NetSuite leverages its Learning Lab events to provide customers and end users with hands-on training and expert guidance on how to effectively integrate AI and automation across operations. With this unique approach, NetSuite guarantees that customers have the knowledge and skills to optimally leverage AI capabilities within their businesses and connect with like-minded innovators in various cities across the U.S. and Canada.
NetSuite’s continuous focus on innovation and customers has made it stand out in the cloud ERP market, and it continues to deliver more features than most of its competitors, whose solutions are less capable than those of NetSuite’s system.
Each year, Frost & Sullivan presents a Company of the Year award to the organization that demonstrates excellence in terms of growth strategy and implementation in its field. The award recognizes a high degree of innovation with products and technologies, and the resulting leadership in terms of customer value and market penetration.
Frost & Sullivan Best Practices awards recognize companies in various regional and global markets for demonstrating outstanding achievement and superior performance in leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analyses, and extensive secondary research to identify best practices in the industry.
About Frost & SullivanFor six decades, Frost & Sullivan has been world-renowned for its role in helping investors, corporate leaders, and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion.
Contact:Lindsey WhitakerP: +1 (210) 477-8457E: [email protected]
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