Artificial Intelligence
Europe Cloud Managed Networking Market to Reach USD 2,929.6 Million by 2027; Adoption of Edge Computing Technologies to Aid Growth: Fortune Business Insights™
Pune, Dec. 08, 2020 (GLOBE NEWSWIRE) — The Europe cloud managed networking market is set to gain momentum from the rising usage of multi-domain control, Wi-Fi 6, SD-WAN, and edge computing technologies. This information is given by Fortune Business Insights™ in a new report, titled, “Europe Cloud Managed Networking Market Size, Share & COVID-19 Impact Analysis, By Type (Hardware, Software and Cloud Services), By Deployment (Public Cloud and Private Cloud), By Enterprise Size (Small & Medium Enterprises (SMEs) and Large Enterprises), By Industry (Telecom & IT, Retail, Media & Entertainment, Educational Institutions and Others) and Country Forecast, 2020-2027.” The report further states that the Europe cloud managed networking market size was USD 839.5 million in 2019 and is projected to reach USD 2,929.6 million by 2027, exhibiting a CAGR of 18.0% during the forecast period.
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COVID-19 Pandemic to Decline Growth Backed by Lay-offs in Private and Public Sector
The COVID-19 pandemic has impacted the market for cloud-managed networking in Europe positively during the first quarter of 2020. Network solutions experienced high demand during that particular period because of the slowdown of the IT industry. But, lay-offs in the private and public sector, currency depreciation, delay in supply chains, and oil price changes may decline growth of around 0.1% – 0.2% in the technology sector in Europe. We are delivering special research reports to help you gain more insights into the current situation.
How Did We Create This Report?
We have conducted thorough primary and secondary research to gather details of various aspects of the market. We have also conducted interviews with key stakeholders, such as marketing managers, sales managers, product managers, and C-level executives to derive insights, namely, application pattern, average pricing, raw material supply & demand, and growth rate. Besides, we relied on reliable paid databases, relevant associations, investor presentations, industry journals, and annual reports to deliver our clients elaborate information about value and supply chain analysis, revenues, restraints, opportunities, and trends.
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Drivers & Restraints-
Rising Need to Manage Network Infrastructure Efficiently to Favor Growth
The rising complexity and scope of data traffic is creating an urgent demand for cloud managed networking solutions to manage and streamline the network infrastructure. Software defined network (SDN) solutions provide flexible traffic management to enhance the efficiency of the network infrastructure. These factors are set to propel the Europe cloud managed networking market growth in the near future. However, the lack of awareness about cloud managed networking solutions in rural areas of Europe may obstruct growth.
Segment-
High Demand from SMEs & Startups to Drive Growth of Software Segment
Based on type, the software segment earned 32.3% in terms of the Europe cloud managed networking market share in 2019. This growth is attributable to the high demand for software-defined networking (SDN) solutions among SMEs and startups.
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Regional Analysis-
Germany to Remain at the Forefront Stoked by Development of Advanced IT Units
Geographically, Germany held USD 148.3 million in terms of revenue in 2019. Most of the enterprises or end-users present in the country are shifting rapidly towards the development of unique IT units equipped with cloud platforms. France, on the other hand, is set to showcase a significant CAGR in the near future on account of the high demand for cloud computing from numerous industries, such as media & entertainment, government, BFSI, and IT & telecom.
Competitive Landscape-
Key Players Focus on New Product Launches & Acquisitions to Gain a Competitive Edge
The market for cloud managed networking in Europe houses a large number of companies that are mainly trying to gain a competitive edge by launching state-of-the-art solutions. Some of the others are focusing on the acquisition strategy to strengthen their positions. Below are the two latest industry developments:
- June 2020: CommScope introduced an AI-enabled network management as-a-service platform named RUCKUS Cloud to help managed service providers (MSPs) and enterprises manage a converged wireless and wired network.
- November 2018: CommScope acquired ARRIS International plc worth USD 7.4 billion to accelerate profitable growth in markets. It would also bring greater technology, employee talent, solutions, and additional values for providing better customer service.
List Of Key Companies Profiled in Europe Cloud Managed Networking Market Are:
- Aruba (Hewlett Packard Enterprise Company) (California, United States)
- NETGEAR, Inc. (California, United States)
- Cisco System, Inc. (California, United States)
- Prodec Networks (Twyford, Berkshire)
- APSU, Inc. (Chattanooga, Tennessee)
- Fortinet, Inc. (California, United States)
- Mindsight (Illinois, United States)
- Total Communications, Inc. (Connecticut, United States)
- Huawei Technologies Co., Ltd. (Shenzhen, China)
- DynTek, Inc. (California, United States)
- Extreme Networks, Inc. (California, United States)
- CommScope, Inc. (North Carolina, United States)
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Detailed Table of Content:
- Introduction
- Definition, By Segment
- Research Methodology/Approach
- Data Sources
- Executive Summary
- Market Dynamics
- Macro and Micro Economic Indicators
- Drivers, Restraints, Opportunities and Trends
- Impact of COVID-19
- Short-term Impact
- Long-term Impact
- Competition Landscape
- Business Strategies Adopted by Key Players
- Consolidated SWOT Analysis of Key Players
- Porter’s Five Force Analysis
- Europe Cloud Managed Networking Market Share Analysis and Matrix, 2019
- Key Market Insights and Analysis, By Segments
- Europe Cloud Managed Networking Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2016-2027
- By Type (Value)
- Hardware
- Software
- Cloud Services
- By Deployment (Value)
- Public Cloud
- Private Cloud
- By Enterprise Size (Value)
- Small and Medium Enterprises (SMEs)
- Large Enterprises
- By Industry (Value)
- Telecom & IT
- Retail
- Media & Entertainment
- Educational Institutions
- Others (Government, etc.)
- By Country (Value)
- Germany
- France
- Italy
- Spain
- Switzerland
- Benelux (Belgium, The Netherlands and Luxembourg)
- Rest of Europe
- By Type (Value)
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Artificial Intelligence
Computime announces the launch of one of the first true Matter thermostats
HONG KONG, May 27, 2024 /PRNewswire/ — Computime Group, a leading innovator in manufacturing, branded products and technology solutions, is proud to announce the upcoming launch of one of the first true Matter thermostats. This milestone highlights our commitment to pioneering smart home technology and providing our OEM and ODM customers with state-of-the-art solutions.
Matter is set to revolutionize the Internet of Things (IoT) landscape as the next-generation standard for connected devices. Developed by the Connectivity Standards Alliance, Matter offers an open, universal protocol that is not bound to any single ecosystem, providing consumers with unparalleled freedom and flexibility. It ensures privacy-sensitive, secure, and reliable local controls without the need for cloud dependency, addressing the growing demand for enhanced privacy and security in smart home devices.
The key principles driving Matter’s development include simplicity, reliability, interoperability, and security. By ensuring that all Matter-certified devices work seamlessly together, Matter eliminates the complexities often associated with smart home technology. This leads to greater compatibility, easier setup, and more robust user experiences across various device types, including thermostats.
Computime’s Matter thermostat represents a significant advancement in smart home technology, providing our customers with cutting-edge solutions and a short lead time to market, to meet the growing demand for interconnected and efficient home environments. We invite our customers to explore the capabilities of our new thermostat solutions. Computime’s extensive expertise in developing and manufacturing smart home devices ensures that our customers receive high-quality, reliable products with a short lead-time that stand out in the competitive market.
CONTACT: Computime Group, [email protected]
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Artificial Intelligence
GVG featured on the 2024 Africa RegTech Horizon-100 list
MADRID, May 27, 2024 /PRNewswire/ — Global Voice Group (GVG) now features as one of the top 100 Africa-focused innovative RegTech organizations that are set to power Africa to a $1 billion market size by 2025.
This acknowledgment bears witness to GVG’s compliance monitoring capabilities within the Mobile Money (MM) ecosystem. GVG developed the Mobile Money Monitoring (M3) solution, an intelligent data platform that supports East African regulatory authorities in monitoring the fast-expanding MM market. Through M3, the authorities can ensure the security and integrity of the related financial transactions, as well as transparency and compliance, for enhanced revenue assurance. M3 currently monitors approximately 25% of the financial flows passing through MM platforms in East Africa, verifying over 90 billion USD worth of transactions annually.
Moreover, the platform is also in use in Central and West Africa, in the Republic of Congo and in Ghana. In Congo, M3 has brought the local telecommunications regulator, the ARPCE, 100% visibility and control over all utility payments made via Mobile Money to the government. In Ghana, it has contributed to an average annual growth of 20% in revenue since its deployment. Overall, M3 has captured, verified and analyzed 1 trillion USD in MM transaction value since 2014.
After demonstrating the relevance, effectiveness, and innovation of the M3 solution to the jury, composed of recognized leaders of the Regtech industry, GVG was shortlisted and, following the voting phase, earned a place on the prestigious list. The M3 platform uses machine learning to ensure effective oversight of the MM market, ensure regulatory compliance and detect suspicious transactions. Since its first implementation in 2013, GVG’s M3 solution has provided the relevant regulatory authorities with reliable MM ecosystem metrics to support data-driven decision-making, promote compliance within the market, and reduce fraud and revenue leakage.
Responding to the announcement, James Claude, GVG’s CEO, declared: “It is with a great sense of achievement that I see GVG featuring among the 100 top RegTech providers in Africa. On behalf of the whole company, I sincerely thank Africa RegTech Horizon, as well as our voters, for supporting us in what we do best: providing governments and regulatory authorities with the market insights they need to address the challenges related to the fast-expanding financial ecosystem.”
The Africa RegTech Horizon-100 list is a directory of African RegTech companies and solution providers compiled to showcase the products and services of the latter, as well as assist financial institutions, regulators, and governments in identifying high-performing and trustworthy RegTech providers.
About GVG
Founded in 1998 and present in 11 countries, Global Voice Group is a global provider of ICT and RegTech solutions for governments and regulatory bodies. GVG assists governments and authorities, through Big Data analytics, in their digital transformation and the effective promotion of compliant and truly inclusive digital ecosystems. The company monitors, collects and analyses data from crucial economic sectors and turns it into actionable information. We promote data-driven decision-making.
Discover GVG’s website: www.globalvoicegroup.com
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Artificial Intelligence
Unlock an Exclusive Olympic Experience: Celebrating Live4Well’s Sold-Out Genesis NFT
HONG KONG, May 25, 2024 /PRNewswire/ — The buzz surrounding Live4Well’s successful Genesis NFT membership launch on May 23 has captivated both traditional and web3 communities. Combining the power of AI technology and decentralized physical infrastructure (DePin) concept, Live4Well has infused new life into the NFT market. The overwhelming response to their first NFT sales, showcases the project’s immense potential. Renowned web3 community leaders from Azuki, Bored Ape, Pudgy Penguins, WELL3, etc have joined forces with Live4Well, propelling the Genesis NFT membership collection to its resounding success.
Live4Well aims to transform the wellness industry by creating a reward-based infrastructure that connects global fitness data, enhances their AI database, and drives the development of sports and wellness. Backed by a multi-billion family office, which recently invested $20 million in Live4Well, the project has gained support in both web3 and traditional spaces. The team believes that every drop of sweat and effort toward better health should be rewarded, fostering motivation and integrating exercise into daily lives for enhanced well-being.
Live4Well’s announcement of an Olympic-themed raffle for Genesis NFT holders reflects their commitment to connecting wellness between Web2 and Web3 platforms. This testament to Live4Well’s demand and innovative vision solidifies their position as a promising leader in the industry. Their integration of the Olympic signifies their determination to inspire a global audience, leveraging blockchain technology to create an immersive ecosystem that revolutionizes how individuals engage with fitness on a daily basis for better health. Live4Well’s dedication to bridging the gap between traditional practices and the digital landscape sets them apart as pioneers in promoting well-being on a global scale.
What is Genesis NFT membership?
The Genesis NFT unlocks a multitude of benefits for holders, including the opportunity to cash out their sportive income and access a range of exclusive physical products and services. In addition to future airdrops and angel round whitelist privileges, Genesis holders will receive VIP tailor-made product packs from an innovative German sportswear company, elevating their exercise performance to new heights. With over 400 million sweat points farmed by their users, they are eager to redeem through the Genesis NFT membership. These enticing incentives explain why there was a widespread eagerness to participate in this thrilling event.
Unlike typical projects that raise funds before launching products or services, Live4Well has already released its AI-powered app, amassing over 250,000 users as a community base actively engaging in daily exercise. This early success has fostered a promising community within the wellness industry, as users trust Live4Well’s roadmap and collaborative ventures. The growing traction from both ordinary individuals and web3 enthusiasts has intensified the demand for redeeming and cashing out sweat points, the project’s exercise-based rewards. Obtaining the Genesis NFT membership is now seen as an essential step for accessing the highest tier of benefits and cashing out sportive income.
What’s next for Live4Well?
Following the Genesis sales, Live4Well’s team will shift their focus to the upcoming token generation event (TGE) and a series of farming events. They also have exciting plans for partnerships and other collaborations in the global wellness and fitness industries. If you missed the initial launch, be sure to stay updated on Live4Well’s journey and join this extraordinary revolution.
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