Artificial Intelligence
Global Email Encryption Market By Component, By Organization Size, By Deployment Mode, By End User, By Regional Outlook, Industry Analysis Report and Forecast, 2021 – 2027
New York, May 20, 2021 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Email Encryption Market By Component, By Organization Size, By Deployment Mode, By End User, By Regional Outlook, Industry Analysis Report and Forecast, 2021 – 2027” – https://www.reportlinker.com/p06073596/?utm_source=GNW
It protects sensitive data from being accessed by unwanted users. With an aim to secure their confidential data, numerous companies have installed the encryption method. Moreover, the encryption method is also adopted by various organizations to comply with the safety and data privacy compliance norms. Further, various data privacy regulations have necessitated the usage of encryption or applaud encryption as a measure for data protection.
With the help of email encryption, it becomes possible to prevent data reading from any person who is not a valid recipient. It refers to a technique by which data is converted into a hidden code that covers the real meaning of the information. The email encryption technique is capable of encrypting three things, archived emails, the connection of email provider, and real email messages. The email has sensitive information that cybercriminals can hack easily, if not secured. Companies install email encryption services or solutions to their server in order to secure their stored data or sensitive information.
Every section of society, including individuals and businesses, has been affected by the outbreak of the COVID-19 pandemic. The internet ecosystem is becoming a crucial part of the lives of the common man around the world. It is a fact that reliance on online businesses has witnessed a massive spur due to the COVID-19 pandemic. Many sectors such as automotive, BFSI, retail, manufacturing, healthcare and life sciences, transport, and logistics, among others, are using the internet so as to offer essential services to consumers. Vendors have witnessed a declined demand for an email encryption system.
Component Outlook
Based on Component, the market is segmented into Solution and Services. The solution segment would show promising CAGR during the forecast period. There is a growing awareness among companies of securing their data and sensitive information which is present in their email servers. Email encryption aims to facilitate ethical conduct among employees within the company. It also safeguards various threats like financial losses through phishing, email scams, trojan, data theft, and BEC.
Organization Size Outlook
Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. The Large Enterprises market dominated the Global Email Encryption Market by Organization Size 2020, growing at a CAGR of 19.2 % during the forecast period. The Small & Medium Enterprises market is expected to witness highest CAGR of 22% during (2021 – 2027).
Deployment Mode Outlook
Based on Deployment Mode, the market is segmented into On-premise and Cloud. The On-premise market dominated the Global Email Encryption Market by Deployment Mode 2020, growing at a CAGR of 19.1 % during the forecast period. The Cloud market is expected to witness a CAGR of 21.5% during (2021 – 2027).
End User Outlook
Based on End User, the market is segmented into BFSI, Retail & eCommerce, Telecom, IT & ITeS, Healthcare, Manufacturing, Government & Defense and Others. The BFSI industry segment would procure the maximum revenue share of the global email encryption market. BFSI is the most vulnerable industry segment as it holds a large among of confidential and sensitive financial data. The companies in this industry segment are showing massive demand for the email encryption solution in order to ensure irreversible encryption.
Regional Outlook
Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. North America would emerge as the leading region in terms of revenue in the global email encryption market during the forecast period. The growth of the regional market would be driven by the rapid and early adoption of email encryption and the existence of various vendors that offer email encryption solutions. Companies operating in the region are highly installing email encryption software in order to facilitate data security, secure against cyber-attacks and commercial espionage, and allowing privacy and safety of data to ensure business continuity.
The major strategies followed by the market participants are Product Launches and Acquisition. Based on the Analysis presented in the Cardinal matrix; Cisco Systems, Inc. is the major forerunner in the Email Encryption Market. Companies such as Proofpoint, Inc., Entrust Corporation, and Trend Micro, Inc., Micro Focus International PLC are some of the key innovators in the market.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include BAE Systems PLC, Sophos Group PLC (Thoma Bravo), Trend Micro, Inc., Cisco Systems, Inc., Broadcom, Inc., Micro Focus International PLC, Entrust Corporation (Thoma Bravo, LP), Trustifi, LLC, Proofpoint, Inc., and Mimecast Limited.
Recent strategies deployed in Email Encryption Market
Partnerships, Collaborations, and Agreements:
Mar-2021: Micro Focus came into partnership with Snowflake, the Data Cloud company. This partnership aims to provide data-centric security to companies globally. The combination of Micro Focus Voltage SecureData with Snowflake allows Voltage users to effortlessly and safely shift workloads to Snowflake’s platform without the threats of losing business-sensitive data, at the time of adhering to privacy regulations. The integration also assists users of Snowflake took over the safe data analytics portfolio offered by Voltage SecureData.
Feb-2021: Proofpoint partnered with VMware Carbon Black, a leading next-generation security cloud provider. This partnership aims to provide Multi-layered Protection and Response Across Email and Endpoints.
Feb-2021: Mimecast partnered with Netskope, the leading security cloud. The partnership aims to offer users an enterprise-grade, omnichannel data loss prevention (DLP) solution integrated with strong intelligence to safeguard cloud and web resources and uses, whether web, direct-to-Internet SaaS, or email.
Sep-2020: Proofpoint extended its partnership with CyberArk, a publicly-traded information security company. This expansion aims to integrate Proofpoint Targeted Attack Protection with CyberArk’s Privileged Access Security Solution allows companies to recognize their very attacked people (VAPs), execute some security policies to their high-risk customers with privileged access, and resolve the phishing attempts.
Sep-2020: Trustifi collaborated with RAH Infotech, provider of remote management services. The collaboration focuses on introducing the power of email security to India. It would enable companies to safeguard their data from email-borne cybercrimes by utilizing Trustifi’s cutting-edge technology.
Jul-2020: Entrust Datacard came into partnership with Red Sift, a data-driven cybersecurity company. The partnership aims to bring Verified Mark Certificates (VMC) to market, which complement the Brand Indicators for Message Identification (BIMI) email authentication standard launch.
May-2020: Broadcom extended its partnership with HCL Technologies. This expansion includes Symantec Enterprise Division (SED) consulting services that were one of Broadcom’s enterprise security solutions. It also consists of expertise around endpoint security, cloud security, web security services, and data loss prevention.
Jan-2020: Cisco partnered with ZixCorp, a security technology company. The partnership focused on providing a migration path to the latest and improved solution. This latest solution is called Enhanced IEA, which enables customers to continue working with IEA, and retaining their prevailing architectures, and without disrupting service.
Jan-2020: Trustifi came into partnership with Virtual Graffiti, an award-winning specialist in network security and related solutions. Through this partnership, Trustifi’s email security expertise brings Virtual Graffiti’s comprehensive security portfolio with both outbound & inbound protection in one solution that protects Virtual Graffiti’s clients all over the list of threats.
Acquisition and Mergers:
Feb-2021: Cisco completed the acquisition of IMImobile, a provider of cloud communications software and services. This acquisition provides the promise of delightful and engaging user experiences to Cisco.
Feb-2021: Proofpoint signed an agreement to acquire InteliSecure, an innovator in data loss protection managed services. Through the acquisition, Proofpoint will expand its capability to assist its users and partners with people-centric managed security services, which use the technology and full expertise of InteliSecure applied all over Proofpoint’s market-leading security and compliance platforms.
Oct-2020: Cisco is acquiring PortShift, a startup that focuses on application security. This acquisition will display Cisco’s aim on the next wave of innovation by investing, anticipating, and incubating the latest technologies that can scale and take to market.
Jul-2020: Micro Focus took over ATAR Labs, a Turkish cybersecurity company. The acquisition aimed to expand its security capabilities and its global footprint, as Micro Focus strategize to maintain the startup’s R&D centers in Turkey.
Jul-2020: Mimecast acquired MessageControl, an email security startup. In this acquisition, the companies focused on stopping social engineering and human identity attacks via utilizing machine-learning technology. MessageControl is also complementing Mimecast’s portfolio of cyber-resilience solutions.
Jan-2020: Mimecast took over Segasec, a provider of digital threat protection. Through this acquisition, Mimecast offers brand exploit protection by utilizing machine learning to recognize potential hackers at the initial stages of an attack. This solution is designed to offer a way to actively supervise, block, manage, and eliminate phishing scams or impersonation attempts on the web.
Oct-2019: Trend Micro took over Cloud Conformity, an innovative Cloud Security Posture Management (CSPM) company. This acquisition widened the cloud services and also helped Trend Micro to safeguard and resolve often overlooked security problems arisen from cloud infrastructure misconfiguration.
Feb-2019: Micro Focus acquired Interset, a worldwide leader in security analytics software. Through this acquisition, Micro Focus’ Security, Risk & Governance offerings got depth and aligned with the company’s plan to assist users quickly & precisely validate and address the threats as they digitally change their businesses.
Feb-2019: Entrust Datacard signed an agreement to acquire Thales’s General Purpose Hardware Security Module (GP HSM) business, nCipher Security. This acquisition strengthened Entrust Datacard technology capabilities that safeguard data and identities all over internal, cloud, and hybrid networks, and from better frequent and serious & complex cyberattacks.
Product Launches and Product Expansions:
Mar-2021: Sophos launched Sophos Email Advanced Portal Encryption. It is available as an additional product to Sophos Email Advanced. This product enables senders to safely provide encrypted email to a web portal. The receiver of the email is informed to enter the web portal to acknowledge and revert to the encrypted email.
Dec-2020: Sophos unveiled four open Artificial Intelligence (AI) developments. These developments helped in widening and sharpening the sector’s defenses against cyberattacks that include tools, datasets, and methodologies developed to improve industry collaboration and cumulative innovation.
Nov-2020: Trend Micro introduced a free tool. It is developed to assist customers to accelerate their privacy online and fight misinformation. This latest tool consists of a Security Check that uses risk intelligence to verify if a website or URL is fraud or infected, and also do a Privacy Check, which utilizes Trend Micro’s ID Security service to verify if a customers’ email address put up for sale on the dark web.
Oct-2020: Sophos released Sophos Rapid Response, an industry-first, fixed-fee remote incident response service. It helps in identifying and neutralizing active cybersecurity attacks overall in its 45-day term of engagement. It also offers companies with a dedicated team of threat hunters, incident responders, and threat analysts to instantly stop advanced attacks & eliminate adversaries from their networks, reducing damage & costs, and minimizing recovery time.
Feb-2020: Proofpoint unveiled the industry’s first integrated, end-to-end solutions. These solutions address business email compromise (BEC) and email account compromise (EAC) attacks by integrating Proofpoint’s safe email gateway, safety awareness training, improved threat protection, email authentication, threat response, and cloud account protection.
Feb-2020: Entrust Datacard unveiled two high-assurance offerings for the company’s united authentication management platform. This launch includes Passwordless Single Sign On (SSO) Authentication to enhance workforce safety & productivity, and Identity Proofing with fully digital identity verification for boosted user acquisition and onboarding.
Feb-2020: Trustifi announced a new AI-enabled feature into its email encryption and DLP (data loss prevention) solution. It is cutting-edge, integrated OCR equipment that scans email attachments like images and PDF files. This equipment identifies elements like a scan of a credit card or a screenshot of a financial statement and segmented those attachments as sensitive.
Aug-2020: Micro Focus introduced ArcSight 2020. It features the latest united layered analytics platform and customer interface that streamline holistic risk detection. The new version of ArcSight offers Security Operation Centers (SOCs) with an end-to-end intelligent company security operations platform and also decreasing resource drain.
Scope of the Study
Market Segments covered in the Report:
By Component
• Solution
• Services
By Organization Size
• Large Enterprises
• Small & Medium Enterprises
By Deployment Mode
• On-premise
• Cloud
By End User
• BFSI
• Retail & eCommerce
• Telecom, IT & ITeS
• Healthcare
• Manufacturing
• Government & Defense
• Others
By Geography
• North America
o US
o Canada
o Mexico
o Rest of North America
• Europe
o Germany
o UK
o France
o Russia
o Spain
o Italy
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o South Korea
o Singapore
o Malaysia
o Rest of Asia Pacific
• LAMEA
o Brazil
o Argentina
o UAE
o Saudi Arabia
o South Africa
o Nigeria
o Rest of LAMEA
Companies Profiled
• BAE Systems PLC
• Sophos Group PLC (Thoma Bravo)
• Trend Micro, Inc.
• Cisco Systems, Inc.
• Broadcom, Inc.
• Micro Focus International PLC
• Entrust Corporation (Thoma Bravo, LP)
• Trustifi, LLC
• Proofpoint, Inc.
• Mimecast Limited
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USA News Group Commentary
Issued on behalf of Lithium South Development Corporation
VANCOUVER, BC, May 3, 2024 /PRNewswire/ — USA News Group – Despite what appears to be a supply glut currently in the global lithium market, already there are signs of a lithium rebound on the horizon. According to Statista, global lithium demand is projected to grow through next year, while Fastmarkets predicts lithium supply will increase 30% in 2024. Fastmarkets also expects that by 2030, US lithium demand alone will grow by nearly 500%. Looking ahead, lithium miners continue to move their chess pieces onto the board with anticipation of long-term rewards, including the work of Lithium South Development Corporation (TSXV:LIS) (OTC:LISMF), Sociedad Química y Minera de Chile S.A. (SQM) (NYSE:SQM), Piedmont Lithium Inc. (NASDAQ:PLL), Lithium Americas Corp. (NYSE:LAC) (TSX:LAC), and Rio Tinto Group (NYSE:RIO).
Lithium South Development Corporation (TSXV:LIS) (OTC:LISMF) recently filed a new Preliminary Economic Assessment (PEA), which provides support for the company to proceed with development plans for a 15,600 tonnes per year lithium carbonate plant. As per the PEA, the project’s financial model shows a Net Present Value (NPV) after tax of US$938 million, and an after-tax Internal Rate of Return (IRR) of 31.6%, with a 2.5-year payback.
“We are very pleased to have achieved this important milestone for the HMN Li Project,” said Adrian F.C. Hobkirk, Founder, President and CEO of Lithium South. “The robust economics and room for expansion indicate a promising future for Lithium South.”
The HMN Li project is planned to use an extraction and recovery process based on conventional solar evaporation of the well brine. Magnesium and other contaminants will be removed using industry standard proven methods including liming. The concentrated lithium solution will then be processed into lithium carbonate technical grade.
The PEA announcement came just weeks after the company announced the expansion of its ongoing production well drill program. A 400 meter deep pumping well has been completed at the Alba Sabrina claim block, which at 2,089 hectares is the project’s largest. Recent efforts at the well successfully cleared out sediments, leading to the flow of clear brine with strong artesian characteristics, suggesting potential for enhanced brine extraction rates. To maximize these benefits, Lithium South has contracted a significantly larger 80-kilowatt pump, and is now completing a long term pump test. Based on results, further wells are planned for Alba Sabrina and the southern claim blocks at Viamonte and Norma Edith.
“These developments on the Alba Sabrina claim block could potentially enhance our operational capacity,” said Hobkirk. “The completion of this pumping test, anticipated by the end of May, will provide critical technical insight into the capacity potential of this area of the salar.”
Earlier in the year, Lithium South together with the Korean conglomerate POSCO, entered into a cooperative development agreement on the HMN Li Project, representing a crucial step forward in advancing towards lithium production. Previously, towards the end of 2023, Lithium South also released an updated NI 43-101 technical report for its premier HMN Li asset, which demonstrated a significant 175% boost in its lithium resource, amounting to over 1.58 million tonnes of lithium carbonate equivalent (LCE).
According to Chile’s Sociedad Química y Minera de Chile S.A. (SQM) (NYSE:SQM), there will be steady lithium prices in the coming months, despite the supply glut. In particular, SQM is optimistic for the second half of the year, which the company predicts will entail higher sales volumes.
“As we enter into 2024, we anticipate another robust year of growth in lithium market, with global demand increasing by at least 20%, supported by electric vehicle sales growth globally and increasing demand for battery materials,” said Ricardo Ramos, CEO of SQM. “However, the excess in lithium and battery materials capacity seen during last year is expected to continue during this year, keeping pressure on lithium market prices. We expect our average lithium prices to remain relatively stable throughout the year and our sales volumes to increase slightly during this year, subject to market conditions and any changes in supply-demand balance.”
This optimism was shared by Keith Phillips, CEO of Piedmont Lithium Inc. (NASDAQ:PLL) in an interview with Yahoo! Finance Live.
“[When it comes to mining] low prices are the cure for low prices,” said Phillips, adding that “it’s a matter of time” that prices will rebound. How fast that rebound occurs is still to be determined, however, Piedmont isn’t slowing its march.
Just recently, Piedmont received its state mining permit from the state of North Carolina, where the company owns 3,600 acres, from which it plans to mine spodumene from at least half of the area. Piedmont will then convert the material to lithium hydroxide, which is key to the manufacturing of EV batteries.
“We look forward to continued engagement with the local community and the Gaston County Board of Commissioners,” said Phillips. “We have had extensive and ongoing dialogue with possible funding sources for Carolina Lithium.”
Domestically sourced lithium is projected to become even more desirable, especially with US government incentives underway. Lithium Americas Corp. (NYSE:LAC) (TSX:LAC) recently secured a record $2.26 billion loan from the US Department of Energy to build its Thacker Pass lithium project in Nevada.
Construction began at the site located just south of the Nevada-Oregon border in March 2023, following a lengthy and intricate legal victory over conservationists, ranchers, and Indigenous groups. Lithium Americas anticipates finalizing securing a loan later this year, pending the completion of final environmental assessments. Once the financing is in place, the company aims to commence substantial construction activities, a project slated to last three years. The initial phase of the mine is projected to yield 40,000 metric tons of battery-grade lithium carbonate annually, sufficient to supply up to 800,000 electric vehicles.
“Our team has been focused on refining the development plan and de-risking construction execution of Phase 1 for Thacker Pass,” said Jonathan Evans, President and CEO of Lithium Americas. “We have de-risked execution by advancing detailed engineering and project planning. To date, we have completed all the early-works and infrastructure required for major construction, including excavating the processing plant areas.”
Looking at multiple international lithium projects, mining giant Rio Tinto Group (NYSE:RIO) has already expressed the company remains bullish on lithium despite not currently seeking any big acquisitions. Back in March, Rio Tinto committed to spending $350 million on its Rincon lithium project in Argentina, set to commence production by the end of the year.
This comes just months after the President of Serbia expressed interest to hold further talks with Rio Tinto regarding its Jadar lithium project, after the country revoked licenses on the $2.4 billion asset in 2022. If brought to completion, the project could supply 90% of Europe’s current lithium needs, and make Rio Tinto a leading lithium producer. As well, Rio Tinto held talks with the country of Rwanda back in January for the exploration and mining of lithium in the East African nation.
“[Rio Tinto is] “excited to be partnering with the government of Rwanda, applying our global experience to accelerate the search for primary lithium deposits in Rwanda’s Western Province,” said Lawrence Dechambenoit, global head of external affairs at Rio Tinto. The move could further unlock the potential of another country’s mining sector, if successful.
Source: https://usanewsgroup.com/2023/10/18/the-lithium-race-to-power/
CONTACT:USA NEWS [email protected] (604) 265-2873
Mr. William Feyerabend, a Consulting Geologist and Qualified Person under National Instrument 43-101 participated in the production of this advertisement, and approves of the technical and scientific disclosure contained herein pertaining to Lithium South.
DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. Equity Insider is a wholly-owned subsidiary of Market IQ Media Group, Inc. (“MIQ”). MIQ has been paid a fee for Lithium South Development Corporation advertising and digital media from the company directly. There may be 3rd parties who may have shares of Lithium South Development Corporation, and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ own shares of Lithium South Development Corporation which were purchased as a part of a private placement. MIQ reserves the right to buy and sell, and will buy and sell shares of Lithium South Development Corporation at any time thereafter without any further notice. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material disseminated by MIQ has been approved by the above mentioned company; this is a paid advertisement, and we own shares of the mentioned company that we will sell, and we also reserve the right to buy shares of the company in the open market, or through further private placements and/or investment vehicles. The contents of this advertisement were reviewed by Mr. William Feyerabend, a Consulting Geologist and Qualified Person as defined under National Instrument 43-101. Mr. Feyerabend approves of the scientific and technical disclosure pertaining to Lithium South contained within this advertisement. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.
View original content:https://www.prnewswire.co.uk/news-releases/lithium-miners-strategize-for-long-term-gains-as-market-recovers-302135776.html
Artificial Intelligence
ROLLER and Amusement Connect Announce Integration to Streamline Cashless Card Operations
New partnership enhances guest experiences and operational efficiency across attraction venues
AUSTIN, Texas, May 3, 2024 /PRNewswire/ — In an effort to improve the guest experience and streamline operations for attractions venues, ROLLER, a global leader in leisure and attractions technology, has joined forces with Amusement Connect, a recognized leader in cashless card operations. This strategic partnership delivers an integration that aims to streamline the arcade experience for operators and guests alike, providing a more efficient way for entertainment venues to operate.
Through this integration, ROLLER and Amusement Connect enable the sale, top-up, and balance checks of cashless cards directly from ROLLER’s point-of-sale devices, simplifying the management of pay-to-play attractions. This move is expected to enhance operational efficiency and improve guest satisfaction by making sales smoother and more convenient. The integration also simplifies reporting by automatically recording every purchase of a cashless card, saving venue operators time and ensuring accurate tracking of purchases.
Both companies leverage cloud-based technology to ensure that venues can operate without the need for expensive servers, with the promise of continuous updates to keep the systems equipped with the latest features and improvements. This integration also introduces the option for guests to purchase game cards online through ROLLER’s online checkout, a feature designed to make the check-in process more efficient and increase average transaction values.
“Amusement Connect and ROLLER have a shared commitment to helping attractions businesses deliver exceptional guest experiences. So, we’re thrilled to partner with Amusement Connect on this integration – a trailblazing company known for great customer support and providing innovative tech. This isn’t just about upgrading our technology—it’s delivering on our promise to make every guest experience smoother and every operator’s day a bit easier,” explained Luke Finn, CEO and Founder of ROLLER.
“As we continue to innovate and collaborate with industry leaders like ROLLER, we’re thrilled to see the tangible benefits our integration brings to our customers. Together, we’re not just transforming transactions; we’re elevating experiences and driving profitability with every interaction,” commented Frank Licausi, Co-Owner of Amusement Connect.
This partnership between ROLLER and Amusement Connect represents a significant step towards more streamlined operations in the amusement industry. It offers a blend of efficiency and convenience aimed at improving the way entertainment venues operate and enhancing the overall guest experience. For more information on this integration and how it can benefit your venue, contact ROLLER or Amusement Connect directly.
About ROLLER
ROLLER is the cloud-based venue management platform for the modern attraction, purpose-built to remove friction from the guest experience at every touchpoint. Their all-in-one platform simplifies its customers’ business processes, improving efficiency and maximizing revenue. ROLLER’s comprehensive solution includes: Online Checkout & Ticketing, Point-of-Sale, Integrated Payments, Memberships, Gift Cards, Waivers, Self-Serve Kiosks, Cashless Wallets, the Guest Experience Score®, and more. To learn more, visit roller.software.
About Amusement Connect
Founded by Frank Licausi and John Tarpley in 2017, our comprehensive game card system, accompanied by a variety of products, provides a complete overview on games and attractions in settings like bars, arcades, FEC’s, and multi-location entertainment centers. As operators and industry experts, we bring innovation, value, and the best possible experiences to entertainment venues with our award-winning game card system. Bringing you more at amusementconnect.com.
View original content:https://www.prnewswire.co.uk/news-releases/roller-and-amusement-connect-announce-integration-to-streamline-cashless-card-operations-302135415.html
Artificial Intelligence
Computer Vision in Healthcare Market Worth $11.5 billion | MarketsandMarkets™
CHICAGO, May 3, 2024 /PRNewswire/ — Computer Vision in Healthcare Market in terms of revenue was estimated to be worth $3.9 billion in 2024 and is poised to reach $11.5 billion by 2029, growing at a CAGR of 24.0% from 2024 to 2029 according to a new report by MarketsandMarkets™.
The market’s expansion is fueled by the exponential growth of medical imaging data which necessitates efficient analysis methods, where computer vision techniques excel in automating and enhancing diagnostic processes. Further, the demand for improved patient care and outcomes fuels the adoption of AI-driven solutions, empowering healthcare providers with precise tools for diagnosis, treatment planning, and monitoring. Nevertheless, ensuring the accuracy and reliability of computer vision algorithms remains a significant challenge, especially in complex medical imaging tasks where errors can have critical consequences. Additionally, the regulatory landscape surrounding AI-based medical devices is evolving, requiring stringent validation and approval processes, which can impede the timely deployment of innovative solutions. Thus, restraining the market.
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Browse in-depth TOC on “Computer Vision in Healthcare Market”
505 – Tables55 – Figures379 – Pages
Computer Vision in Healthcare Market Scope:
Report Coverage
Details
Market Revenue in 2024
$3.9 billion
Estimated Value by 2029
$11.5 billion
Growth Rate
Poised to grow at a CAGR of 24.0%
Market Size Available for
2022–2029
Forecast Period
2024–2029
Forecast Units
Value (USD Billion)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
Product & Service, Type, Applications, End User
Geographies Covered
North America, Europe, Asia Pacific, Latin America and Middle East and Africa
Report Highlights
Updated financial information / product portfolio of players
Key Market Opportunities
Computer vision solutions for healthcare that are hosted in the cloud
Key Market Drivers
The healthcare sector is experiencing a growing need for computer vision systems
“The largest share in the computer vision in healthcare market, based on type, was attributed to the PC-based computer vision systems segment in 2023.”
The PC-based computer vision systems segment holds the largest market share in the computer vision in healthcare market in 2023. The growth of this segment is propelled by factors such as PCs offering robust computational power, enabling real-time processing of complex algorithms required for tasks like medical image analysis. Also, PCs provide flexibility and scalability, allowing users to customize hardware configurations and software solutions according to specific requirements. This versatility makes them adaptable to various healthcare settings, from small clinics to large hospitals.
“In 2023, the patient activity monitoring/fall prevention segment demonstrated the most significant growth in the computer vision in healthcare market based on hospital management by type.”
The patient activity monitoring/fall prevention segment is expected to experience the highest growth in the computer vision in healthcare market. The key drivers for this growth include the aging population worldwide that has led to an increased focus on elderly care and fall prevention initiatives. Computer vision systems offer non-intrusive and continuous monitoring of patients’ movements, enabling early detection of potential fall risks and timely intervention to prevent accidents. Also, the growing adoption of wearable devices and smart sensors integrated with computer vision technology allows for seamless monitoring of patients’ activities both inside healthcare facilities and at home. This remote monitoring capability enhances patient safety and independence while reducing the burden on caregivers and healthcare resources.
“North America accounted for the largest share of the healthcare simulation market in 2023.”
In 2023, North America held the largest share in the computer vision in healthcare market, with Europe and Asia Pacific following. The significant presence of North America in the global market can be attributed to factors such as region’s strong focus on improving patient outcomes and reducing healthcare costs which incentivizes the integration of computer vision solutions to streamline processes, enhance diagnostics, and optimize treatment pathways.
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Computer Vision in Healthcare Market Dynamics:
Drivers:
The healthcare sector is experiencing a growing need for computer vision systemsRestraints:
The resistance of medical practitioners towards adopting AI-based technologiesOpportunities:
Computer vision solutions for healthcare that are hosted in the cloudChallenge:
Lack of curated dataKey Market Players of Computer Vision in Healthcare Industry:
The key players functioning in the computer vision in healthcare market include NVIDIA Corporation (US), Intel Corporation (US), Microsoft Corporation (US), Advanced Micro Devices, Inc. (US), Google, Inc. (US), Basler AG (Germany), AiCure (US), iCAD, Inc. (US), Thermo Fisher Scientific Inc. (US), SenseTime (China), KEYENCE CORPORATION (Japan), Assert AI (India), Artisight (US), LookDeep Inc. (US), care.ai (US), CareView Communications (US), VirtuSense (US), Teton (Denmark), viso.ai (Switzerland), NANO-X IMAGING LTD. (Israel), Comofi Medtech Pvt. Ltd. (India), Avidtechvision (India), Roboflow, Inc. (US), Optotune (US) and CureMetrix, Inc. (US).
The break-down of primary participants is as mentioned below:
By Company Type – Tier 1: 45%, Tier 2: 30%, and Tier 3: 25%By Designation – C-level: 42%, Director-level: 31%, and Others: 27%By Region – North America: 32%, Europe: 32%, Asia Pacific: 26%, Middle East & Africa: 5%, Latin America: 5%Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=231790940
Recent Developments of Computer Vision in Healthcare Industry:
In April 2024, iCAD partnered with RAD-AID to enhance breast cancer detection utilizing the AI technology in underserved regions and low- and middle-income countries (LMICs).In March 2024, Microsoft and NVIDIA have broadened their longstanding collaboration with robust new integrations that harness cutting-edge NVIDIA generative AI and Omniverse technologies across Microsoft Azure, Azure AI services, Microsoft Fabric, and Microsoft 365.In February 2022, Advanced Micro Devices acquired Xilinx. This acquisition established the forefront leader in high-performance and adaptive computing, with a significantly expanded scale and the most formidable portfolio of leadership computing, graphics, and adaptive SoC products in the industry.Computer Vision in Healthcare Market – Key Benefits of Buying the Report:
This report will enrich established firms and new entrants/smaller firms to gauge the market’s pulse, which, in turn, would help them garner a greater share of the market. Firms purchasing the report could use one or a combination of the below-mentioned strategies to strengthen their positions in the market.
This report provides insights on:
Analysis of key drivers: (Increasing demand for computer vision systems in the healthcare industry, government initiatives to increase the adoption of AI-based technologies), restraints (Reluctance of medical practitioners to adopt AI-based technologies), opportunities (Cloud-based healthcare computer vision solutions), and challenges (Rising security concerns related to cloud-based image processing and analytics) influencing the growth of the computer vision in healthcare market.Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the computer vision in healthcare market.Market Development: Comprehensive information on the lucrative emerging markets, products & services, applications, end-users, and regions.Market Diversification: Exhaustive information about the product portfolios, growing geographies, recent developments, and investments in the computer vision in healthcare market.Competitive Assessment: In-depth assessment of market shares, growth strategies, product offerings, and capabilities of the leading players in the computer vision in healthcare market like NVIDIA Corporation (US), Intel Corporation (US), Microsoft Corporation (US), Advanced Micro Devices, Inc. (US), Google, Inc. (US).Related Reports:
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Get access to the latest updates on Computer Vision in Healthcare Companies and Computer Vision in Healthcare Market Size
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