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Artificial Intelligence

Global Social Gaming Market Reaching a New Pinnacle: Expected to Reach USD 31.6 Billion in 2027

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Noida, India, July 01, 2021 (GLOBE NEWSWIRE) — A study recently conducted by the strategic consulting and market research firm, BlueWeave Consulting, revealed that the global social gaming market reached USD 16.7 billion in 2020 and is further projected to reach USD 31.6 billion by 2027, growing at a CAGR of 11.4% during 2021-2027 (forecast period). The global social gaming market is witnessing positive growth owing to major factors like rising investments in state-of-the-art gaming technologies, and rising UI/UX potential which is enhancing the gaming experience. Additionally, booming adoption rates of online gaming content, and the increasing penetration of digital technologies in developing regions around the world, have enabled various end-users to download and stream gaming content on their OS (Operating System). Additionally, the introduction of cloud-computing technologies and the penetration of smartphones have augmented the growth of the global social gaming market.

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Expanding cloud technologies in the gaming industry powering the growth of the global social gaming market

The rising adoption rates and equivalent levels of penetration rates for cloud-based technologies have significantly improved the gaming industry, thereby providing a boost to the overall global social gaming market. Cloud gaming has enabled consumers to engage with software a vast array of games available online that are accessible from anywhere around the world. Additionally, the cloud has enabled consumers to enjoy a seamless gaming experience without any lags caused by high website traffic. Cloud technologies have helped in enhancing the scalability of gaming and tweaking the code to manage the website for a more pleasant experience. Earlier, high-end games demanded huge amounts of RAM to support the graphics and the overall running of the gaming experience, that ultimately required the end-users to purchase expensive systems. However, cloud technologies have helped users to maintain their budget and play social games without any hassle, thereby driving the global social gaming market.

The escalating number of developing browser-based games are bolstering the global social gaming market growth

Browser-based or online-based games are presently gaining a lot of momentum from the game creators. Many newly developed web-based games have started acquiring traction among numerous social gaming enthusiasts. Some of the most popular games include Pokémon Showdown, Apple Worm, Frogger Classic, Prodigy, and RuneScape. Additionally, the gaming developers have started working on developing and creating 3D games with a variety of levels to enhance the end-user experience. The rising accessibility of browser-based games has eliminated the requirement of downloading them on the operating system or smartphones, thereby reducing the pressure on the device and the processors. As a result of these factors, the global social gaming market is expanding while growing at a significant growth rate.

Action gaming sub-segment occupies the largest share in the global social gaming market

Based on genres, the global social gaming market can be segmented into action, shooting, role-playing, sports, adventure, strategy, fighting, and others. The action segment accounts for the largest share in the global social gaming market and is further projected to grow at a convincing CAGR in the upcoming years as well. Some of the most popular action games that fall under the category include Grand Theft Auto (GTA), Fortnite, Call of Duty, Minecraft, Counter Strike, and others. These games have almost dominated the entire gaming scene around the world owing to their graphics and super interactive gaming interfaces due to which the games enjoy a huge consumer base. These games are well-known for providing high stimulations to the gamers, allowing them to feel a sense of victory and achievements, which has been fuelling the demand for the global social gaming market.

19-25-year-old group accounted for the biggest share in the indication segment of the global social gaming market

Based on age group, the global social gaming market is segmented into 13-18 years, 19-25 years, 26-35 years, 35-45 years, and 46+ years. In the global social gaming market, the 19-25 age group holds the largest share, with more than 20 hours a week spent playing video games. The 26-35-year age group presently holds the second position in the global social gaming market. The rising penetration of smartphones and a thriving young consumer base of social gaming have been contributing to the rising demand for web-based games and PCs among these age groups, as has generation’s adaptability to leverage the latest technologies in playing video games, which is contributing to the growth of the global social gaming market.

Global Social Gaming Market: Regional Insights

Based on the region, the global social gaming market is divided into North America, Europe, the Asia-Pacific, Latin America, and the Middle-East & Africa. The North American market presently holds the largest share in the global social gaming market and is further estimated to maintain its market position in the forecast period as well. The presence of robust internet connectivity and thriving gaming industry, as well as a high concentration of leading social gaming developers such as Sony Interactive Entertainment, Nintendo Co Ltd, Ubisoft, Gameloft SE, and others, have contributed to the region’s growing market share in the global social gaming market. Another element driving the industry is the rising per capita income that has enabled consumers all over the region to opt for expensive games available online, thereby driving the growth of the global social gaming market.

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COVID-19 Impact Analysis

The COVID-19 outbreak and the lockdown restrictions related to social distancing have positively impacted the global social gaming market. The COVID-19 pandemic has brought various growth opportunities for the global social gaming market. As people were restricted from paying a visit to their favorite stores, shops, gaming centers and engaging in other enjoyment activities outside owing to the lockdown restrictions imposed by the respective governments of different countries, they had to resort to other forms of entertainment to keep themselves engaged during the isolation period. Due to this, there was a sudden spike in social gaming across all age groups. Additionally, gaming-related businesses started to develop a vast array of games to cater to the demands of various age groups. Owing to the COVID-19-induced lockdown, social gaming platforms grew in popularity as people had to resort to smart devices for entertainment purposes. As a result of the COVID-19-induced lockdown, social gaming platforms grew in popularity as people turned to smart gadgets for pleasure. All of these factors have positively contributed to the growth of the global social gaming market.

The key players in the global social gaming market are focusing on developing interactive social games to cater to the rising demand arising from all age groups and across all platforms to cover the large share of the global social gaming market. The adoption of market strategies, such as mergers and acquisitions, partnerships, joint ventures have proven to be beneficial for the market players to gain more market share. The leading players in the global social gaming market are Valve Corporation, Bluestack Systems Inc., Gameloft SE, Microsoft Corp., Nintendo Co. Ltd., Rovio Entertainment, NVIDIA Corp., Sony Corp., Aeria Games GmbH, Miniclip SA, Wooga GmbH, Zynga, Inc., Aeria Games GmbH, King Digital Entertainment PLC, Behaviour Interactive, Inc., DeNA Co., Ltd., GREE, Inc., Social Point, Playtech PLC, and other prominent players.

In September 2020, Gameloft SE announced the acquisition of the Other Guys, which is the creator of the highly engaging and interactive series app Linda Brown and the interactive storytelling and gaming platform Journeys. The acquisition marks Gameloft SE’s second acquisition, thereby solidifying its commitment toward offering social games across all genres and for all consumers. The Others Guys stated that the joining powers with the Gameloft SE is a unique opportunity for accelerating the development of our gaming studios, thereby combining our experience in offering highly captivating and interactive gaming series accompanied by Gameloft’s global network and gaming expertise. The Other Guys is expected to continue to be headed by their founders Augusto Petrone, Nicolas Cuneo, and Pablo Mayer, with the previous management team. The company is going to operate as a Gameloft studio and will receive, publishing, commercial, and marketing licenses and support from the Gameloft SE’s teams.

In May 2021, BlueStacks announced the launch of BlueStacks 5 for global consumption which is seen as the company’s next great move in the Android gaming scene. The Andrioid app player features some of the biggest improvements over the recent versions making it much faster, and lighter than ever before. The global release of the version is designed to consume fewer resources, allowing the users with outdated hardware to run on it without any issues. BlueStacks 5 is expected to amaze its users with its smooth performance and reduced consumption, which is expected at 50% less RAM than all of the previous versions, giving its consumer base a delight to be cherished with underpowered systems and the opportunity to enjoy their beloved mobile and social games.

Scope of Report

By Platform

  • Android
  • iOS
  • Microsoft Windows
  • Linux
  • Playstation
  • Nintendo
  • Others

        

By Genre

  • Action
  • Shooter
  • Role-playing
  • Sports
  • Adventure
  • Strategy
  • Fighting
  • Others

        

By Age-Group

  • 13-18 years
  • 19-25 years
  • 26-35 years
  • 35-45 years
  • 46+ years

        

By Gender

  • Male
  • Female

        

By Region

  • North America
  • Europe
  • Asia-Pacific (APAC)
  • Latin America (LATAM)
  • Middle-East & Africa (MEA)

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BlueWeave Consulting provides comprehensive Market Intelligence (MI) Solutions to businesses regarding various products and services online & offline. We offer all-inclusive market research reports by analyzing both qualitative and quantitative data to boost up the performance of your business solutions. BWC has built its reputation from the scratches by delivering quality inputs and nourishing long-lasting relationships with its clients. We are one of the promising digital MI solutions companies providing agile assistance to make your business endeavors successful.


Artificial Intelligence

Oncolytics Biotech® Announces Upcoming Presentations at the American Society of Clinical Oncology Annual Meeting

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SAN DIEGO and CALGARY, AB, April 25, 2024 /PRNewswire/ — Oncolytics Biotech® Inc. (NASDAQ: ONCY) (TSX: ONC), a leading clinical-stage company specializing in immunotherapy for oncology, today announced the acceptance of two abstracts at the 2024 American Society of Clinical Oncology (ASCO) Annual Meeting, which is taking place from May 31 – June 4, 2024, in Chicago, Illinois. Details on the abstracts and poster presentation are shown below.

Title: Phase 1/2 randomized, open-label, multicenter, Simon two-stage study of pelareorep combined with modified FOLFIRINOX +/- atezolizumab in patients with metastatic pancreatic ductal adenocarcinoma.
Presentation Type: PosterAbstract Number: TPS4203Session Title: Gastrointestinal Cancer – Gastroesophageal, Pancreatic, and HepatobiliarySession Date and Time: June 1, 2024, 1:30 – 4:30 p.m. CTTitle: Pelareorep driven blood TIL expansion in patients with pancreatic, breast and colon cancer.Presentation Type: Online abstractAbstract Number: e14625
Abstracts will be published on the ASCO Annual Meeting website at 5:00 p.m. ET on May 23, 2024.
About Oncolytics Biotech Inc.
Oncolytics is a clinical-stage biotechnology company developing pelareorep, an intravenously delivered immunotherapeutic agent. Pelareorep has demonstrated promising results in two randomized Phase 2 studies in metastatic breast cancer and Phase 1 and 2 studies in pancreatic cancer. It acts by inducing anti-cancer immune responses and promotes an inflamed tumor phenotype — turning “cold” tumors “hot” — through innate and adaptive immune responses to treat a variety of cancers.
Pelareorep has demonstrated synergies with multiple approved oncology treatments. Oncolytics is currently conducting and planning combination clinical trials with pelareorep in solid and hematological malignancies as it advances towards registrational studies in metastatic breast cancer and pancreatic cancer, both of which have received Fast Track designation from the FDA. For further information, please visit: www.oncolyticsbiotech.com or follow the company on social media on LinkedIn and on X @oncolytics.
 
Company Contact
Jon Patton
Director of IR & Communication
[email protected]
 
Investor Relations for Oncolytics
Timothy McCarthy
LifeSci Advisors
+1-917-679-9282
[email protected]
 
 

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Artificial Intelligence

Internet of Things (IoT) Market to Expand at a Stellar 19.4% CAGR through 2031 | SkyQuest Technology

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WESTFORD, Mass., April 25, 2024 /PRNewswire/ — SkyQuest projects that the Internet of Things (IoT) Market will attain a value of USD 1572.37 billion by 2031, with a CAGR of 19.4% over the forecast period (2024-2031). Internet of Things (IoT) refers to the network of connected devices over the internet that are embedded with sensors and software. Growing adoption of automation around the world and advancements in connected device technologies are forecasted to be key factors driving the Internet of Things (IoT) market growth in the future.

Download a detailed overview:
https://www.skyquestt.com/report/internet-of-things-market
Browse in-depth TOC on “Internet of Things (IoT) Market”
Pages – 197Tables – 69Figures – 75Internet of Things (IoT) Market Overview:
Report Coverage
Details
Market Revenue in 2023
$ 380.6 billion
Estimated Value by 2031
$1572.37 billion
Growth Rate
Poised to grow at a CAGR of 19.4%
Forecast Period
2024–2031
Forecast Units
Value (USD Billion)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
Component Type, Application, and Region
Geographies Covered
North America, Europe, Asia Pacific, and the Rest of the world
Report Highlights
Updated financial information / product portfolio of players
Key Market Opportunities
Rising demand for connected healthcare and growing use of industrial automation solutions
Key Market Drivers
Advancements in connectivity and connected device technologies
 
 
Hardware is Estimated to Dominate the Global Market Share Owing to High Use of Hardware Components in IoT
Hardware components such as sensors and actuators are highly vital to the proper functioning of any kind of Internet of Things (IoT) device. Growing adoption of IoT devices in different industry verticals for various applications is promoting market growth via this segment. The development of new hardware solutions also helps this segment maintain its dominance.
Smart Agriculture is the Fastest-growing Segment Owing to Rising Adoption of Precision Agriculture Practice
Rising emphasis on improving agricultural yield and sustainability has resulted in the growing adoption of smart agriculture and precision agriculture practices. IoT devices play a crucial role in monitoring and controlling different elements of a smart agriculture setup that is mostly automated using different smart devices thereby contributing to the IoT market growth as well.
Growing Adoption of 5G Technology Allowing North America to Dominate the Global Internet of Things (IoT) Market
Rapid adoption of 5G technology and high use of cloud-based platforms are key factors allowing North America to lead the demand for Internet of Things (IoT) around the world. Surging investments in the research and development of advanced technologies and the presence of key tech giants such as Amazon, Google, IBM, and Microsoft also helps the dominance of this region. Canada and the United States remain the most lucrative markets for Internet of Things (IoT) companies in North America through 2031.
Request Free Customization of this report:
https://www.skyquestt.com/speak-with-analyst/internet-of-things-market
Internet of Things (IoT) Market Insights:
Drivers
Advancements in connectivity and connected device technologies.Growing demand for Industrial IoT (IIoT) solutions.Increasing number of smart cities and development of smart infrastructure.Restraints
Lack of standardization of IoT devices and technologies.Privacy and data security issues.Interoperability challenges and complex integration scenarios.Prominent Players in Internet of Things (IoT) Market
MicrosoftCisco SystemsIntelSiemens (Germany)AWS (US)Oracle (US)Qualcomm (UK)SAP (Germany)IBM (US)Google (US)View report summary and Table of Contents (TOC):
https://www.skyquestt.com/report/internet-of-things-market
Key Questions Answered in Internet of Things (IoT) Market Report
What are the top drivers for Internet of Things (IoT) market going forward?Who are the leading Internet of Things (IoT) market players?Where will demand for Internet of Things (IoT) be high?Which component accounts for a dominant revenue share of the global Internet of Things (IoT) market?This report provides the following insights:
Analysis of key drivers (advancements in connectivity and connected device technologies, growing demand for industrial IoT (IIoT), development of smart infrastructure for smart cities, growing use of smart devices ), restraints (lack of standardization, complexities in integration, concerns regarding security and privacy of data), and opportunities (rising popularity of connected healthcare, increasing adoption of Industry 4.0, rising use of industrial automation), influencing the growth of Internet of Things (IoT) market.Market Penetration: All-inclusive analysis of product portfolio of different market players and status of new product launches.Product Development/Innovation: Elaborate assessment of R&D activities, new product development, and upcoming trends of the Internet of Things (IoT) market.Market Development: Detailed analysis of potential regions where the market has potential to grow.Market Diversification: Comprehensive assessment of new product launches, recent developments, and emerging regional markets.Competitive Landscape: Detailed analysis of growth strategies, revenue analysis, and product innovation by new and established market players.Related Reports:
Global Internet of Things in Retail Market
Global Internet of Things (IoT) in Agriculture Market
Global Internet of Things (IoT) Microcontroller Market
Global IOT In Healthcare Market
Global IOT in Manufacturing Market
About Us:
SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology.
We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization has expanded our reach across North America, Europe, ASEAN and Asia Pacific. 
Contact:
Mr. Jagraj Singh Skyquest Technology1 Apache Way,Westford,Massachusetts 01886USA (+1) 351-333-4748Email: [email protected] Our Website: https://www.skyquestt.com/

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Sapiens Unveils Enhanced Reinsurance and Analytics Solution Catering to Evolving Market Demands

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Latest version enhances operational efficiency, regulatory reporting, and strategic decision-making with robust business insights
ROCHELLE PARK, N.J., April 25, 2024 /PRNewswire/ — Sapiens International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced the launch of its latest version of Sapiens ReinsuranceMaster.

The new release of Version 9 brings a multitude of enhancements and technology stack updates, designed to empower insurers and reinsurers with robust, enriched functionality to support business requirements. This includes automating global inter-company retrocession, facilitating U.S. NAIC statutory reporting (Schedule F), and real-time reinsurance allocation support (‘reinsurance as a service’).
The latest release offers a multitude of enhancements, with one of the standout features being the seamless integration of Sapiens Intelligence with Sapiens ReinsuranceMaster. This integration empowers users with advanced data capabilities and actionable insights through out-of-the-box reinsurance reports and analytics of the reinsurance portfolio’s performance.
In addition, the new release brings significant improvements to the user experience, with a revamped user interface, enhancements in processing performance through improvements and parallel processing mechanisms, improved scalability and operability. 
“With the growing significance of reinsurance in today’s volatile environment, our latest version of Sapiens ReinsuranceMaster with Sapiens Intelligence offers even greater value to insurers and reinsurers, catering to the ever-changing demands of this dynamic market,” said Roni Al-Dor, Sapiens President & CEO. “Leveraging the shared experience from our other products as well as requirements from our global client base, the solution is now very well-positioned to support global automation of complex reinsurance programs and provide management with insights into reinsurance performance as well as statutory reporting.”  
Sapiens ReinsuranceMaster is a comprehensive, single platform for large and multi-national reinsurance programs, providing full financial control and flexibility across all lines of business. The solution supports the entire range of reinsurance contracts, providing full support for all auditing requirements and a consolidated view of liabilities and risks, as well as helping prevent financial leakage.
Sapiens Intelligence, now a fully integrated component of Sapiens ReinsuranceMaster v.9, produces actionable insights to maximize the value of data and KPIs for smarter decision making, improving reinsurance business management.
About Sapiens  
Sapiens International Corporation (NASDAQ and TASE: SPNS) empowers the financial sector, with a focus on insurance, to transform and become digital, innovative, and agile. With more than 40 years of industry expertise, Sapiens’ cloud-based SaaS insurance platform offers pre-integrated, low-code capabilities across core, data, and digital domains to accelerate our customers’ digital transformation. Serving over 600 customers in more than 30 countries, Sapiens offers insurers across property and casualty, workers’ compensation, and life insurance markets the most comprehensive set of solutions, from core to complementary, including Reinsurance, Financial & Compliance, Data & Analytics, Digital, and Decision Management. For more information visit https://sapiens.com or follow us on LinkedIn  
Investor and Media Contact : Yaffa Cohen-Ifrah Sapiens Chief Marketing Officer and Head of Investor Relations Email: [email protected] 
Forward Looking Statements
Certain matters discussed in this press release that are incorporated herein and therein by reference are forward-looking statements within the meaning of Section 27A of the Securities Act, Section 21E of the Exchange Act and the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, that are based on our beliefs, assumptions and expectations, as well as information currently available to us. Such forward-looking statements may be identified by the use of the words “anticipate,” “believe,” “estimate,” “expect,” “may,” “will,” “plan” and similar expressions. Such statements reflect our current views with respect to future events and are subject to certain risks and uncertainties. There are important factors that could cause our actual results, levels of activity, performance or achievements to differ materially from the results, levels of activity, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to:  the degree of our success in our plans to leverage our global footprint to grow our sales; the degree of our success in integrating the companies that we have acquired through the implementation of our M&A growth strategy; the lengthy development cycles for our solutions, which may frustrate our ability to realize revenues and/or profits from our potential new solutions; our lengthy and complex sales cycles, which do not always result in the realization of revenues; the degree of our success in retaining our existing customers or competing effectively for greater market share; the global macroeconomic environment, including headwinds caused by inflation, relatively high interest rates, potentially unfavorable currency exchange rate movements, and uncertain economic conditions, and their impact on our revenues, profitability and cash flows; difficulties in successfully planning and managing changes in the size of our operations; the frequency of the long-term, large, complex projects that we perform that involve complex estimates of project costs and profit margins, which sometimes change mid-stream; the challenges and potential liability that heightened privacy laws and regulations pose to our business; occasional disputes with clients, which may adversely impact our results of operations and our reputation; various intellectual property issues related to our business; potential unanticipated product vulnerabilities or cybersecurity breaches of our or our customers’ systems; risks related to the insurance industry in which our clients operate; risks associated with our global sales and operations, such as changes in regulatory requirements, wide-spread viruses and epidemics like the coronavirus epidemic,  and fluctuations in currency exchange rates; and risks related to our principal location in Israel and our status as a Cayman Islands company.
While we believe such forward-looking statements are based on reasonable assumptions, should one or more of the underlying assumptions prove incorrect, or these risks or uncertainties materialize, our actual results may differ materially from those expressed or implied by the forward-looking statements. Please read the risks discussed under the heading “Risk Factors” in our Annual Report on Form 20-F for the year ended December 31, 2023, to be filed in the near future, in order to review conditions that we believe could cause actual results to differ materially from those contemplated by the forward-looking statements. You should not rely upon forward-looking statements as predictions of future events. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee that future results, levels of activity, performance and events and circumstances reflected in the forward-looking statements will be achieved or will occur. Except as required by law, we undertake no obligation to update publicly any forward-looking statements for any reason, to conform these statements to actual results or to changes in our expectations.
 
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