Artificial Intelligence
Global Blockchain Technology Market Report 2021-2026: Accenture will Lead the Charge for Systems Integration and Companies like Amazon, Dell, HPE, and IBM
Dublin, Feb. 04, 2021 (GLOBE NEWSWIRE) — The “Blockchain Technology Market by Use Case, Business Model, Solutions, Services and Applications in Industry Verticals 2021 – 2026” report has been added to ResearchAndMarkets.com’s offering.
This report examines the technology, leading companies, and solutions in the evolving blockchain ecosystem. The report evaluates current and anticipated use cases for blockchain and assesses the market potential globally, regionally, and segmented by deployment type and industry vertical.
The report also evaluates key players, solutions, and use cases. The report also assesses the prospect of integrating blockchain with other technologies including IoT and artificial intelligence. The report includes detailed forecasts by use case, application, and industry verticals from 2021 – 2026.
Blockchain and related distributed authentication and accounting technologies are poised to transform ICT, and is so doing, causing substantial disintermediation across a wide variety of industry verticals. Lessons learned in FinTech and traditional banking from the deployment and operation of decentralized authentication, clearing and settlement will be applied towards many telecom and computing problems for the benefit of many industry verticals. The impact will be wide-ranging, including everything from investing/trading to the legal cannabis industry, and very deep in terms of changes to supply chains and relationships between vendors, customers, and peers.
Integration and operation of Blockchain technology will redefine how various industries operate, dramatically improving efficiencies, and reduce the cost of doing business. For example, start-up companies have been launched to provide software and microchip hardware that facilitates connected devices to operate on blockchain. Products have been designed to encrypt data, distribute information to blockchain-connected machines, and monetize these machines.
One important technology integration area is the Internet of Things (IoT), which is a very promising area as we anticipate that the use of Blockchain in IoT networks/systems will be one of the most important means for authenticating and authorizing transactions. For example, HYPR provides solutions to reduce cybersecurity risks in IoT devices through its decentralized credential approach. Their products reduce the need for passwords in a centralized server, replacing them with biometric and other password-free solutions. This provides for IoT devices that are virtually unhackable from a social engineering perspective.
We also see Blockchain as a Service (BaaS) representing a key service offering for many market segments as a means of solution introduction and scalability via a cloud services model. For example, AI in supply chain management solutions combined with blockchain technology market solutions to dramatically improve SCM. In the US alone, there are more than 500,000 shipping companies. This concentration of shipping and trade routes can cause data transparency and storage issues. Blockchain can solve these issues by providing data transparency.
Select Report Findings:
- Distributed ledgers and other blockchain capabilities are rapidly expanding outside finance
- The blockchain technology market will grow at 62.73% CAGR through 2026 reaching $52.5 billion
- Substantial blockchain opportunities include data decentralization, data usage control, and encryption
- Consortium/hybrid blockchain will be the largest North America blockchain tech area at $6.7 billion by 2026
- The preponderance of blockchain revenue will be derived from three types of services: Blockchain-as-a-Service (BaaS), Cloud Computing (hosting and data as a service), and Systems Integration
- Companies like Accenture will lead the charge for systems integration and companies like Amazon, Dell, HPE, and IBM will lead for BaaS and Cloud Computing. Other companies will fill important niche roles.
- Anticipate substantial M&A activity in this space as deals such as Ping Identity acquisition of ShoCard become more common. Block technology provides a certain means of authentication, authorization, and accounting.
Report Benefits:
- Blockchain technology market forecasts from 2021 through 2026
- Identify leading company strategies, technologies, applications, services and solutions
- Understand the role and importance of cloud-based service delivery models for blockchain
- Recognize the key revenue realization areas for blockchain and the leading companies for each
- Identify leading blockchain technology apps, services and solutions by use case and industry vertical
- Understand the role of blockchain technology and services in data services and the data-as-a-service business model
Key Topics Covered:
1.0 Executive Summary
2.0 Introduction
2.1 Evolution of Payment Industry
2.2 Payments Value Chain and Blockchain
2.3 Blockchain Technology
2.3.1 Blockchain Feature/Functionality
2.3.2 Blockchain Objectives
2.3.3 Blockchain Benefits
2.3.4 Blockchain Technology Challenges
2.4 Early Blockchain Implementations
2.5 Blockchain Technology SWOT Analysis
3.0 Blockchain Ecosystem and Marketplace
3.1 Blockchain Types and Stakeholders
3.2 Blockchain Applications
3.2.1 Financial Services
3.2.2 Non-Financial Services
3.3 Blockchain Application in Industry Verticals
3.3.1 Financial Industries
3.3.2 Manufacturing and FMCG
3.3.3 Government and Public Sectors
3.3.4 Healthcare and Life Science
3.3.5 Telecommunication, Media, and IT
3.3.6 Automotive Vehicles and Transportation
3.3.7 Retail and E-Commerce
3.3.8 Other Sectors
3.4 Blockchain in Internet of Things
3.5 Blockchain as a Service
3.6 Blockchain Stakeholders in ICT
3.7 Blockchain to Improve Cybersecurity
3.8 Blockchain Investment Analysis
3.9 Important Blockchain Consortia and Associations
3.9.1 R3cev Blockchain Consortium
3.9.2 Post Trade Distributed Ledger (PTDL) Group
3.9.3 Hyperledger Project
3.9.4 Global Payments Steering Group (GPSG)
3.9.5 Financial Blockchain Shenzhen Consortium (FBSC)
3.9.6 Cu Ledger
3.9.7 Blockchain Collaborative Consortium
3.9.8 Wall Street Blockchain Alliance (WSBA)
3.9.9 Japan Blockchain Association (JBA)
3.9.10 Korea Financial Investment Association (KFIA)
3.9.11 Nimbrix Consortium
3.9.12 B3i
3.10 Blockchain Solutions in Industry Verticals
3.10.1 Japan Exchange Group Blockchain Consortium
3.10.2 Walmart Blockchain for Food Safety
3.10.3 Ubitquity Blockchain in Real Estate
3.10.4 HYPR and Blockchain Biometrics
3.10.5 Whaleclub Trading Supported by Blockchain
3.10.6 EasyBit Expands Bitcoin ATM Network to Vietnam
3.10.7 Blockchain Technology as Medium to Declare Love and Marriage
3.10.8 Bitcoin Boosts Solar Energy Industry
3.10.9 LO3 Energy and Siemens Blockchain for Microgrids
3.10.10 MasterCard Blockchain APIs
3.10.11 ConsenSys and UAE Partnership for Blockchain Projects
3.10.12 People’s Bank of China Digital Currency
3.10.13 China Halts withdrawals of Bitcoin
3.10.14 Huiyin Group Bitcoin Fund
3.10.15 BitFury Group and Blockchain
3.10.16 Reserve Bank of India Blockchain Technology for Trade Applications
3.10.17 YES Bank to Multi-nodal Blockchain Solution for Bajaj Electricals
3.10.18 European Bank Digital Trade Chain
3.10.19 BTL Group to Test Interbit Platform with Energy Companies
3.10.20 BNP Paribas Test Blockchain-Based Real-Time Corporate Payments
3.10.21 WISeKey to Establish IoT Blockchain Centre of Excellence
3.10.22 ARK Crew Testnet for Blockchain
3.10.23 ICICI Bank and NBD Blockchain-based Transactions
3.10.24 PAXOS Blockchain for Gold Settlement with Euroclear
3.10.25 Microsoft and BAML Blockchain Improve Trade Finance
3.10.26 Mahindra Group Blockchain Solution with IBM
3.10.27 Chitkara University Blockchain for E-Documents
3.10.28 UBS Expands Blockchain in China
3.10.29 IBM China and UnionPay Permissioned Blockchain Network
3.10.30 IBM and Beijing Energy-Blockchain Labs Use Blockchain for Carbon Trading
3.10.31 European Central Bank and Japan Central Bank Explore Blockchain
3.10.32 OneCoin Enhanced Blockchain
3.10.33 Sompo Japan Use Blockchain for Catastrophe and Weather Derivatives
3.10.34 Tech Bureau and Zaif Bitcoin Exchange
3.10.35 Hitachi and BTMU Utilize Blockchain to Bank Check
3.10.36 Senegal National Digital Currency
3.10.37 Singapore Blockchain for Electronic Payment System
3.10.38 Accenture and Digital Asset Holdings Blockchain Practice
3.10.39 RISE Financial Technologies Post-Trade Blockchain Technology
3.10.40 VISA to Introduce Blockchain-Based Solution for Payment Services
3.10.41 Chain Inc. Released Open Source Blockchain Protocol
3.10.42 Colu and Blockchain-Based Currencies
3.10.43 DigitalX Partnership with Telefonica
3.10.44 Eris Industries Partners with Ledger Improve Blockchain Hardware Security
3.10.45 Monax Industries Partnership with Ledger for Blockchain Hardware Security
3.10.46 German Central Bank, Deutsche Bundesbank Blockchain Trading Prototype
3.10.47 UK Trials Blockchain Welfare Payment System
3.10.48 Santander Blockchain for International Payments
3.10.49 Electron Ethereum Blockchain in UK Energy Sector
3.10.50 Bank of Russia Tests Masterchain
3.10.51 GoCoin Merges with Ziftr
3.10.52 Tunisia National Payment Platform
3.10.53 Digital Asset Acquired Elevence
3.10.54 NASDAQ Blockchain in Private Market with Chain Inc.
3.10.55 AlphaPoint Blockchain Tool for Banks
4.0 Blockchain Market Dynamics
4.1 Market and Technology Drivers
4.1.1 Increased Blockchain within Traditional Financial Institutions
4.1.2 Digitization for Improved Service Realization and Error Prevention
4.1.3 Cloud-based Service Delivery Models
4.2 Challenges and Opportunities
4.2.1 Security Issues
4.2.2 Regulation and Governance
4.2.3 Mergers and Acquisitions
5.0 Blockchain Market Case Study
5.1 Blockchain Asset Management and Real Estate Case Study
5.2 Blockchain Case Study for Government in the UAE
5.3 Honeywell Aerospace creates online parts marketplace with Hyperledger Fabric
5.4 SGX Used Amazon Managed Blockchain for an Innovative Payment Solution
5.5 Zug Digital ID Case Study
5.6 ING Group: KYC System on Blockchain
5.7 Streamlining Efficiency in Logistics with IoT Blockchain
5.8 Palm Oil Industry Case Study Using Blockchain and IoT
6.0 Blockchain Market Outlook and Forecasts 2021 – 2026
6.1 Global Market Forecast 2021 – 2026
6.1.1 Total Blockchain Technology Market
6.1.2 Blockchain Technology Market by Type
6.1.3 Blockchain Technology Market by Industry Vertical
6.1.4 Blockchain Technology Market by Region
6.1.5 Blockchain Technology for Artificial Intelligence
6.1.6 Blockchain Technology for IoT
6.2 Blockchain Markets by Solution 2021 – 2026
6.2.1 Blockchain Technology Market by Infrastructure Solution
6.2.1.1 Blockchain Technology Market by Cloud Storage Solution
6.2.1.2 Blockchain Technology Market by Processing Solution
6.2.1.3 Blockchain Technology Market by Middleware Solution
6.2.2 Blockchain Technology Market by Service Solution Type
6.2.2.1 Blockchain Technology Market by Professional Service Type
6.2.3 Blockchain Technology Market by Applications
6.2.3.1 Blockchain Technology Market by Financial Applications
6.2.3.2 Blockchain Technology Market by Non-Financial Applications
7.0 Blockchain Vendor Analysis
- Abra, Inc.
- Accenture
- Alphapoint Corporation
- Amazon
- Baidu
- Bitfury Group
- Blockchain Global Limited
- BlockCypher, Inc.
- Bloq
- BTL Group (Blockchain Tech Ltd.)
- Circle Internet Financial Limited
- Coinbase
- Coinfirm Ltd.
- ConsenSys Systems (ConsenSys)
- Dell Technologies
- Deloitte Touche Tohmatsu
- Digital Asset Holdings
- Digitalx Ltd. (Digital Cc Ltd.)
- DMG Blockchain Solutions
- Earthport (Visa)
- Factom Inc.
- Fidelity Investments
- Global Arena Holding, Inc.
- Holo
- HPE
- HyperLedger
- IBM
- Intelygenz
- Interstellar, Inc.
- IOTA
- Libra Services, Inc.
- Microsoft Corporation
- Monax
- R3
- Ripple
- ShoCard (Ping Identity)
- TenCent
For more information about this report visit https://www.researchandmarkets.com/r/beymet
CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager [email protected] For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
Artificial Intelligence
Bitrue expands Bitcoin Runes Offerings with GPTV Listing and Staking Options
VICTORIA, Seychelles, May 3, 2024 /PRNewswire/ — Leading digital asset exchange Bitrue continues its community-driven approach with the listing of a new Bitcoin Runes token, GPTV•AI•PEPE•KING (GPTV). This follows the recent addition of several other Bitcoin Runes tokens to the platform, including SATOSHI•NAKAMOTO (SATOSHI), LOBO•THE•WOLF•PUP (LOBO), RSIC•GENESIS•RUNE (RSIC), and DOG•GO•TO•THE•MOON (DOG). Trading for the GPTV/USDT pair commenced on April 30th, 2024.
What is GPTV?
GPTV is the native token of AI PEPE KING, a project claiming to be the “largest AI Meme Community” with a presence on both the Polygon (AIPEPE) and Bitcoin Runes (GPTV) blockchains. Notably, AI PEPE KING secured a $10 million investment to develop AI-powered customer service tools leveraging the ChatGPT technology. Additionally, they are building a “Dream Lottery” system. Revenue generated from these products is earmarked for buybacks and burns of both AIPEPE and GPTV tokens, potentially influencing their long-term value.
Staking Opportunities with Attractive Yields
Bitrue is also offering users staking opportunities for those holding BTR, AIPEPE, RSIC, or DOG tokens. By staking their holdings, users can earn rewards in GPTV, with estimated annual percentage yield (APY) varying on the staked token, with BTR offering 22.15%, AIPEPE at 23.18%, RSIC boasting a higher 31.37%, and DOG coming in at 23.62%. These yields present a potentially lucrative opportunity for users to grow their cryptocurrency holdings, but also come with financial risk and the potential for investment to return much lower yields.
Bitrue’s Focus on Community Engagement
The listing of these Bitcoin Runes tokens is a testament to Bitrue’s commitment to its user base. The decision to add these tokens stemmed from a community poll conducted through an X poll on Bitrue’s X account. This highlights the exchange’s dedication to incorporating community feedback into its decision-making process, fostering a sense of collaboration and shared interest.
With the addition of GPTV and the introduction of staking opportunities, Bitrue continues to expand its offerings for users interested in the burgeoning world of Bitcoin Runes tokens. The exchange’s focus on community engagement further strengthens its position as a platform that prioritizes user input and satisfaction.
About Bitrue
Launched in July 2018, Bitrue is a diversified digital asset exchange that supports trading, loans and investments. Bitrue aims to utilize blockchain technology to bring financial opportunities to everybody regardless of their location or financial position. With offices in Asia and Europe, the business continues to develop new features at a rapid speed to fully service the new wave of the digital economy. More information is available at Bitrue’s website.
Logo – https://mma.prnewswire.com/media/2385358/Bitrue_BitrueOfficial_Bitrue_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/bitrue-expands-bitcoin-runes-offerings-with-gptv-listing-and-staking-options-302135402.html
Artificial Intelligence
5G Enterprise Market Projected to Reach $115.81 billion by 2030 – Exclusive Report by 360iResearch
PUNE, India, May 2, 2024 /PRNewswire/ — The report titled “5G Enterprise Market by Equipment (Distributed Antenna System, Radio Node, Service Node), Organization Size (Large Enterprises, SMEs), End User – Global Forecast 2024-2030” is now available on 360iResearch.com’s offering, presents an analysis indicating that the market projected to grow from a size of $17.30 billion in 2023 to reach $115.81 billion by 2030, at a CAGR of 31.20% over the forecast period.
“The Pivotal Role of 5G Technology in Enterprise Evolution”
The advent of 5G technology marks a transformative era for businesses worldwide, offering exceptional speed, reduced latency, and enhanced connectivity that promise to elevate operational efficiency and digital innovation across various sectors. From enabling precise real-time monitoring and predictive maintenance in manufacturing to advancing telemedicine and seamless data collaborations in healthcare, 5G stands as a cornerstone for future advancements. Its pivotal role is revolutionizing transportation by supporting autonomous vehicles and smart infrastructure, significantly elevating safety and efficiency. The surge in 5G enterprise adoption is fueled by the growing need for robust and swift network connections to accommodate an increasing array of Internet of Things (IoT) devices and applications. Challenges include the substantial upfront costs associated with 5G infrastructure and concerns over data security. The potential for 5G to spur innovation is immense, mainly through the development of 5G-as-a-Service (5GaaS) and its synergy with cutting-edge technologies such as edge computing and artificial intelligence. Regionally, North America is major in adoption, supported by significant telecom investments, while the European Union’s concerted efforts bolster 5G integration across industries. The Middle East’s ambitions to become a significant region globally in 5G through smart city and industrial automation investments distinguish it. In contrast, the APAC region’s rapid growth is supported by early adoption and extensive government support, particularly in South Korea, China, and Japan. Thus, 5G is set to redefine enterprise operations, driving innovation and enabling smart solutions globally, heralding a new chapter in digital transformation for industries worldwide.
Download Sample Report @ https://www.360iresearch.com/library/intelligence/5g-enterprise
“5G’s Role in Advancing Industry 4.0 and Digital Innovations”
In today’s fast-evolving digital age, the seamless integration of cutting-edge technologies such as artificial intelligence (AI), the Internet of Things (IoT), and blockchain into everyday business operations is becoming increasingly crucial. This integration is driving a significant surge in the need for uninterrupted, high-speed network coverage across various sectors. As technologies become more affordable and their performance enhanced, their adoption in both private and public sectors is witnessing a remarkable increase, paving the way for innovative payment solutions and digital currencies. This transformation reshapes diverse commercial landscapes, including entertainment, journalism, advertising, and retail. Consequently, the demand for 5G connectivity is escalating, recognized for its capability to deliver speeds of 15 to 20 Gbps, connect a vast array of devices, and facilitate the creation of virtual networks tailored to specific needs. Moreover, as Industry 4.0 propels manufacturing into the digital era with its emphasis on automation and digital technologies, the role of 5G in supporting these advancements becomes indispensable. By enabling faster connectivity for AI, data analytics, IoT, blockchain, and machine learning applications, 5G is at the forefront of improving operational efficiency and flexibility in the manufacturing sector, setting the stage for the exponential growth of the 5G enterprise market.
“The Integral Role of Radio Nodes, DAS, and Service Nodes in Enhancing 5G Networks”
In the rapidly evolving world of 5G networks, the harmonious functioning of radio nodes, distributed antenna systems (DAS), and service nodes plays a pivotal role in ensuring uninterrupted, high-speed connectivity across diverse environments. Radio nodes, vital for facilitating direct communication between devices, including smartphones and tablets, ensure the seamless execution of critical radio functions such as modulation and demodulation. They shine especially in areas where a robust, reliable connection is paramount, catering to the needs of densely populated zones. DAS is used in complexes such as stadiums and large buildings, working behind the scenes to boost wireless coverage through a network of strategically placed antenna nodes. This ensures that every corner is connected, enhancing user experience in challenging architectural layouts. Meanwhile, service nodes are the backbone of network management, orchestrating essential functions, including user authentication and mobility management, enabling smooth delivery of services throughout the 5G ecosystem. These components overcome physical and technological hurdles and lay down the infrastructure critical for delivering the next generation of wireless connectivity.
Request Analyst Support @ https://www.360iresearch.com/library/intelligence/5g-enterprise
“Telefonaktiebolaget LM Ericsson at the Forefront of 5G Enterprise Market with a Strong 16.19% Market Share”
The key players in the 5G Enterprise Market include Huawei Technologies Co., Ltd., Deutsche Telekom AG, Nokia Corporation, Telefonaktiebolaget LM Ericsson, AT&T Inc., and others. These prominent players focus on strategies such as expansions, acquisitions, joint ventures, and developing new products to strengthen their market positions.
“Introducing ThinkMi: Revolutionizing Market Intelligence with AI-Powered Insights for the 5G Enterprise Market”
We proudly unveil ThinkMi, a cutting-edge AI product designed to transform how businesses interact with the 5G Enterprise Market. ThinkMi stands out as your premier market intelligence partner, delivering unparalleled insights with the power of artificial intelligence. Whether deciphering market trends or offering actionable intelligence, ThinkMi is engineered to provide precise, relevant answers to your most critical business questions. This revolutionary tool is more than just an information source; it’s a strategic asset that empowers your decision-making with up-to-the-minute data, ensuring you stay ahead in the fiercely competitive 5G Enterprise Market. Embrace the future of market analysis with ThinkMi, where informed decisions lead to remarkable growth.
Ask Question to ThinkMi @ https://app.360iresearch.com/library/intelligence/5g-enterprise
“Dive into the 5G Enterprise Market Landscape: Explore 181 Pages of Insights, 298 Tables, and 22 Figures”
PrefaceResearch MethodologyExecutive SummaryMarket OverviewMarket Insights5G Enterprise Market, by Equipment5G Enterprise Market, by Organization Size5G Enterprise Market, by End UserAmericas 5G Enterprise MarketAsia-Pacific 5G Enterprise MarketEurope, Middle East & Africa 5G Enterprise MarketCompetitive LandscapeCompetitive PortfolioInquire Before Buying @ https://www.360iresearch.com/library/intelligence/5g-enterprise
Related Reports:
5G Non-Terrestrial Network Market – Global Forecast 2024-20305G in Defense Market – Global Forecast 2024-20305G Satellite Communication Market – Global Forecast 2024-2030About 360iResearch
Founded in 2017, 360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
We are a dynamic, nimble company that believes in carving ambitious, purposeful goals and achieving them with the backing of our greatest asset — our people.
Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.
Our clientele encompasses about 80% of the Fortune Global 500, and leading consulting and research companies and academic institutions that rely on our expertise in compiling data in niche markets. Our meta-insights are intelligent, impactful and infinite, and translate into actionable data that support your quest for enhanced profitability, tapping into niche markets, and exploring new revenue opportunities.
Contact 360iResearchMr. Ketan Rohom360iResearch Private Limited,Office No. 519, Nyati Empress,Opposite Phoenix Market City,Vimannagar, Pune, Maharashtra,India – 411014.Email: [email protected]: +1-530-264-8485India: +91-922-607-7550
To learn more, visit 360iresearch.com or follow us on LinkedIn, Twitter, and Facebook.
Logo: https://mma.prnewswire.com/media/2359256/360iResearch_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/5g-enterprise-market-projected-to-reach-115-81-billion-by-2030—exclusive-report-by-360iresearch-302134462.html
Artificial Intelligence
SimSpace Welcomes Matt Knutsen as New Chief Revenue Officer to Spearhead Expansion Plan
SimSpace strengthens their leadership team, appointing Knutsen to drive revenue growth for the company as it expands further into the public sector
BOSTON, May 2, 2024 /PRNewswire/ — SimSpace, the US-based industry leader in AI-Powered cyber ranges, announced today the appointment of Matt Knutsen as its new Chief Revenue Officer (CRO). Matt will champion SimSpace’s global sales and revenue growth strategy. He will drive expansion initiatives and foster strategic partnerships to stress test businesses’ and state agencies’ people, processes and technologies against the most advanced adversaries.
With more than 20 years of experience in the field, Matt most recently held the position of CRO at cyber training provider Immersive Labs, where he increased revenue growth by over 4000% and attracted over $180M in investment. He also launched the company into new markets, expanding the team across Australia, Europe, the Middle East, New Zealand and the US. The combination of Matt’s wealth of experience and his in-depth industry knowledge make him well-equipped to lead SimSpace’s next phase of growth.
As nation-state attacks rise in frequency, and AI drives a new wave of severe cyberattacks, companies also have to navigate uncertain economic conditions. SimSpace empowers organizations to cut unnecessary spending through stack optimization, allowing CISOs to maximize their ROI and effectiveness of their technology stack. Knutsen’s influence in the field will propel the SimSpace Platform to new heights, advancing access for companies and governments that need to optimize their cybersecurity defenses and safeguard their critical infrastructure from an increasingly volatile threat landscape.
Matt Knutsen is the most recent addition to SimSpace’s Executive Leadership Team, following Clint Sand’s appointment as Chief Product Officer in February 2024. His appointment underscores SimSpace’s continued growth trajectory, headed by the $45M they secured in funding from L2 Point Management, bringing the total capital raised over the past year to $70M. The company has also bolstered their presence in the public sector, marked by their recent partnership with Carahsoft and their multi-year contract with Florida to enhance the state’s cybersecurity preparedness. SimSpace’s high fidelity cyber ranges and simulations will enable state agencies and programs like Cyber Florida to rehearse and respond to cyberattacks.
Commenting on Matt’s arrival, SimSpace CEO William Hutchison said, “Matt is a seasoned executive, who has accumulated years of knowledge on cybersecurity best practices and established himself as a leading authority in cyber range exercises. His industry influence, strategic vision and conviction in the importance of cybersecurity preparedness will shape the future success of the company at this crucial time of expansion. With Matt leading our revenue organization, we have full confidence in our capacity to deepen our valued partnerships and build strong, new connections which will further elevate SimSpace’s position as a trusted cybersecurity partner.”
Matt Knutsen, Chief Revenue Officer commented, “I’m looking forward to bringing a proactive approach to cybersecurity risk management to even more private and public sector organizations. I’ve already been impressed by SimSpace’s high-fidelity cyber range simulations, both on and off premise. It’s a great time to be joining the company and I’m excited to build upon SimSpace’s recent rapid growth with even more partnerships.”
About SimSpace
SimSpace is the global leader in AI-Powered cyber ranges, founded by experts from U.S. Cyber Command and MIT’s Lincoln Laboratory to respond to a new era of unprecedented cyber threats. Having raised nearly $70 million in funding over the past year, the company’s Platform enables the most sophisticated enterprises, governments, and critical national infrastructure organizations to find intelligence-driven answers to the most vexing security, governance, training, and cyber readiness questions. SimSpace provides high-fidelity cybersecurity simulations, training, and safe live-fire exercises to Fortune 2000 financial, retail, insurance, and other commercial markets. SimSpace’s Platform results in an average reduction in cyber operational costs of 30% and a 40% reduction in breaches.
For more information, please visit: www.SimSpace.com.
View original content:https://www.prnewswire.co.uk/news-releases/simspace-welcomes-matt-knutsen-as-new-chief-revenue-officer-to-spearhead-expansion-plan-302134892.html
-
Artificial Intelligence7 days ago
Hikvision redefines urban mobility with AIoT-powered solutions at Intertraffic 2024
-
Artificial Intelligence7 days ago
HITACHI ACQUIRES MA MICRO AUTOMATION OF GERMANY IN EFFORT TO ACCELERATE GLOBAL EXPANSION OF ROBOTIC SI BUSINESS IN THE MEDICAL AND OTHER FIELDS
-
Artificial Intelligence7 days ago
Web O.No: Metaverse and Web 3.0 stunted by internet chaos, warn 87% of business leaders
-
Artificial Intelligence7 days ago
Greater efforts urged on sci-tech cooperation
-
Artificial Intelligence6 days ago
Cognitive Security Market Projected to Reach $134.26 billion by 2030 – Exclusive Report by 360iResearch
-
Uncategorized7 days ago
Xiao-I Corporation to Announce Full Year 2023 Results
-
Uncategorized7 days ago
Damstra targets global growth as part of Ideagen
-
Artificial Intelligence7 days ago
IBM, Government of Canada, Government of Quebec Sign Agreements to Strengthen Canada’s Semiconductor Industry