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Global Managed Network Services Market By Type, By Deployment Mode, By Enterprise Size, By End User, By Regional Outlook, Industry Analysis Report and Forecast, 2021 – 2027

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New York, Dec. 03, 2021 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Managed Network Services Market By Type, By Deployment Mode, By Enterprise Size, By End User, By Regional Outlook, Industry Analysis Report and Forecast, 2021 – 2027” – https://www.reportlinker.com/p06188484/?utm_source=GNW
These services range from elementary network access & transport services such as conventional leased LAN & WAN lines to the latest virtual network services & software-defined WAN (SD-WAN) connections. Along with network access and transport services. Managed network services also comprise unified messaging, managed security firewalls, WAN optimization, virtual private networks (VPNs), and network administration.

The factors accelerating the growth of the managed network services market are the rising deployment of cloud-based solutions & services by SMEs, increasing focus towards reducing operating cost as well as time and surge in development of big data analytics technology. Moreover, another factor boosting the growth of the market is the growing demand for solutions and services that assists in addressing complications. Further, some of the catalysts for market growth are the rising requirement of reducing the capital expenditure (CAPEX) & operating expenditure (OPEX), high penetration of mobility, growing deployment of cloud-based solutions by banking financial services and insurance (BFSI) organizations. Furthermore, increasing demand for operational excellence, and escalating advancements in artificial intelligence technology are major determinants accountable to strengthening the growth of the managed network services market.

COVID-19 Impact

The outbreak of the COVID-19 pandemic had a negative impact on the global economy, where the healthcare sector was overburdened by its impact. The impact of the pandemic was witnessed over several industries like oil & gas, manufacturing, transportation & logistics, and energy. Additionally, governments of several nations imposed strict lockdown restrictions to maintain social distance which would reduce the effect of the coronavirus. Moreover, traveling was also banned in several nations which hampered the supply chain of products. Under these circumstances, several companies focused on deploying cloud services in order to sustain during the crisis.

Market Growth Factors:

Prevent issues and provide dynamic network maintenance

Managed network services set organizations free to focus on their core business and their goals. These services combine high-performance network availability with increased speed and flexibility that help in escalating the growth of the business. Additionally, managed network service providers have the infrastructure in place that assists providers in their installation and up-gradation of the services. Moreover, there is the continuous occurrence of preventive maintenance and ongoing proactive checks and improvements under the developed network setup. In addition, these services also offer access to state-of-the-art technologies, which organizations may not be able to afford directly.

SMEs are witnessing high demand for managed network services

The opportunities for business goals in small and medium enterprises are increasing with the help of managed network services. Small and medium enterprises are adopting advanced IT services as the pressure of expanding their business is constantly rising. Thus, it is estimated that SMEs will invest largely in IT services in the coming years. Moreover, SMEs are increasingly deploying automating services, the latest digital technologies, and cloud services that are anticipated to accelerate the growth of the managed network services market.

Market Restraining Factor:

Difficulty in following stringent government compliances and regulations

The stringent compliance laws and increasing demand for improved data security in regulated industries like financial services, legal services, and healthcare are taking advantage of the knowledge and skilled-professionals of managed service providers (MSPs) to establish and control compliant IT environments. The government and other agencies have tightened their rules for management of confidential data, where MSPs are playing a vital role by offering employees a legal and compliant working environment. With the rise in data breaches cases, regulatory agencies are focusing on imposing severe penalties for noncompliance and tightening security needs.

Type Outlook

Based on Type, the market is segmented into Managed VPN, Managed WAN, Managed LAN, Managed Network Security, Managed WiFi and Others. The managed network security segment would witness a prominent CAGR in managed network services market over the forecasting years. The increasing risk of data and system breaches is minimizing the productivity of the business, damaging compliance efforts, and hampering business innovation.

Deployment Mode Outlook

Based on Deployment Mode, the market is segmented into On-premise and Cloud. The managed service providers monitor and control the company’s software, hardware, applications, and servers. Moreover, these services also provide helpdesk services, keep backup of software, and store data. Further, MSPs upload and set up the system components to ensure customers are completely operational with updated software and hardware.

Enterprise Size Outlook

Based on Enterprise Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Nowadays, large-size organizations are focusing on outsourcing their network operations and thus, deploying managed network services in their premises. These enterprises operate under immense pressure along with limited time to maintain their customer base and sustain their position in the competitive market. The opportunities for business goals in small and medium enterprises are increasing with the help of managed network services. Small and medium enterprises are adopting advanced IT services as the pressure of expanding their business is constantly rising. Thus, it is estimated that SMEs will invest largely in IT services in the coming years. Based on a study, regions like Europe, Africa (EMEA), and the Middle East will witness a significant surge in the investment for IT services from SMEs.

End User Outlook

Based on End User, the market is segmented into BFSI, Retail & eCommerce, Media & Entertainment, Healthcare, Government, Telecom & IT and Others. The healthcare segment is anticipated to display a promising CAGR of the managed network services market over the forecast years. Healthcare enterprises have increased their investments on technologies like IoT, cloud, and mobility to offer enhanced quality of care and minimize cost along with maintaining a competitive position in the market and adhere to regulatory compliance.

Regional Outlook

Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. The North America market dominated the Global Managed Network Services Market by Region 2020. The Europe market is experiencing a CAGR of 6.4% during (2021 – 2027). Additionally, The Asia Pacific market is estimated to grow at significant CAGR during the forecast period.

The major strategies followed by the market participants are Product Launches. Based on the Analysis presented in the Cardinal matrix; Verizon Communications Inc., Huawei Technologies Co., Ltd., and Cisco Systems, Inc. are the forerunners in the Managed Network Services Market. Companies such as IBM Corporation, T-Systems 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 BT Group plc, Telefónica, S.A., T-Systems International GmbH, IBM Corporation, DXC Technology Company, Verizon Communications, Inc., NTT Data Corporation, Cisco Systems, Inc., Huawei Technologies Co., Ltd., and Ericsson AB.

Recent Strategies Deployed in Managed Network Services Market

Partnerships, Collaborations and Agreements:

Sep-2021: Telefónica signed an agreement with IBM, an American multinational technology corporation. Under this collaboration, Telefónica would utilize IBM’s intelligent automation software and services to execute UNICA Next, Telefónica’s first-ever, cloud-native, 5G core network platform. Additionally, Telefónica along with UNICA Next would focus on acquiring the reliability, efficiency, and agility to continuously improve its services in the coming years.

Sep-2021: BT Group came into a partnership with Oracle, an American multinational computer technology corporation. Under this partnership, BT Group selected Oracle Communications Cloud-Native Converged Policy Management to improve its network resources and bring new 5G offerings to market quickly.

Sep-2021: Ericsson came into partnership with Oman Telecommunications Company, the first telecommunications company. Under the partnership, the companies aimed to introduce Service Operations Center (SOC) that would improve the network service quality. Additionally, the adoption of the SOC would support Omantel’s Strategic Transformation Goals and line up with Oman Vision 2040 to support the nation’s aim in creating sustainable economic growth via development and advancement.

Sep-2021: Telefonica joined hands with Oracle, an American multinational computer technology corporation. This collaboration would escalate the telecoms enterprise’s cloud deployment and the advancement of new communication services for users and businesses. Moreover, through this collaboration, Telefonica would combine the technology infrastructure, which underpins its communications network into a shared, open-standard platform developed to support its growing digital services offerings comprising the latest services across the Internet of Things (IoT) & 5G, and services co-hosted with ISVs & network partners.

Jul-2021: IBM teamed up with Turnium Technology Group, a leading SD-WAN vendor serving cloud. Through this collaboration, Turnium Technology Group would onboard its cloud-native SD-WAN edge solution to the IBM Cloud for Telecommunications. Additionally, this onboarding would allow Turnium to assist service providers and companies in the adoption, management, and accessibility of Edge computing applications in private and secured networks across the world by utilizing the public or private cloud, on-premises, or edge environment according to their desire.

Jun-2021: IBM joined hands with Verizon and Red Hat. Under the collaboration, the companies would adopt and build an open hybrid cloud platform with automated operations and service orchestration as the foundation of Verizon’s 5G core.

Jun-2021: Cisco came into partnership with Vodafone Idea Limited (VIL), India’s leading telecom operator. Through the partnership, Cisco aimed to automate and simplify its network to support 4G and, in the future, 5G use cases, and provide the best quality experience to its retail & enterprise customers, and users.

Apr-2021: Cisco teamed up with the Government of South Korea, Asia’s fourth-largest economy. Under the collaboration, the entities would introduce a collaborative framework under Cisco’s Country Digital Acceleration (CDA) program to escalate digitization across South Korea and power a comprehensive recovery from the COVID-19 pandemic.

Feb-2021: Cisco extended its partnership with Verizon Business, a division of Verizon Communications. Under this extended partnership, Verizon Business would add three new SD-WAN managed services to its portfolio. This addition would offer businesses access to new solutions & capabilities, expand their footprints across the globe, and an advanced management and policy administration model to support the intended business results.

Feb-2021: Ericsson formed a partnership with T-Systems, a subsidiary of the Deutsche Telekom Group. Through the partnership, the companies would provide a completely integrated end-to-end solution to directly meet the site connectivity requirements of company users via seamless and high-quality service.

Dec-2020: T-Systems expanded its collaboration with Amazon Web Services, a subsidiary of Amazon. Through this collaboration, T-Systems would manage the digital transformation of enterprises more efficiently, securely, and quickly.

Acquisitions and Mergers:

Jul-2021: Telefónica Tech took over Altostratus Cloud Consulting, a cloud services consulting firm. Through this acquisition, the company would strengthen its Cloud capabilities and would also add the highly qualified professionals to its team, which are part of the company, and strengthening its leadership in the sector by extending its positioning with the main hyperscalers.

Jul-2021: Telefónica Tech, together with Cancom Group came into agreement to acquire Cancom UK. This acquisition would reinforce the capabilities of Telefónica Tech’s Cloud and Cybersecurity division in Ireland and the UK.

Jun-2021: Cisco took over Sedona Systems, a technology company. The acquisition added experience and talent to Cisco that would help the company in developing optical capabilities for the Mass-scale Infrastructure Group (MIG) and improve Cisco’s network automation Crosswork portfolio.

Feb-2021: Verizon signed an agreement to acquire incubed IT, a creator of a software platform. Through this acquisition, the company would expand its robotic capabilities to support the future of robotic automation for company users and would further display Verizon’s commitment to flourish new and advanced businesses and use cases leveraging the power of 5G.

Nov-2020: Ericsson came into an agreement to acquire Cradlepoint, the US-based market leader in Wireless Edge WAN 4G and 5G Enterprise solutions. Through this acquisition, Ericsson would capture a significant market share in the swiftly expanding 5G Enterprise space. Moreover, Cradlepoint would also complement Ericsson’s existing 5G Enterprise offering that comprises Dedicated Networks and a global IoT platform.

Aug-2020: Cisco took over ThousandEyes, a network intelligence company. The acquisition would enable users to have an end-to-end view of the digital delivery of services and applications across the internet. Moreover, the company would allow users to find deficiencies and enhance application & network performance over company and cloud networks.

Product Launches and Product Expansions:

Sep-2021: Huawei unveiled Airport Cloud-Network Solution. This solution aimed to provide an extensive variety of features like one network for all services, one-stop integrated security, one-stop access, and one cloud across multiple areas. This solution is enriched with features that empower the digital transformation of airports to enhance security assurance, improve the travel experience, and boost operational efficiency by paving the way towards smart airports.

Sep-2021: Huawei released new innovations in numerous varied domains that offer a first look at its inclusive digital infrastructure range. These products and solutions are designed to shape digital infrastructure for the next decade.

Sep-2021: Ericsson introduced Intelligent Deployment solution, an agile, digital, and modular suite of tools and services. This solution allows communication service providers to introduce, expand, and update networks centered on their specific requirements and those of their users.

Aug-2021: NTT unveiled NTT’s Private 5G platform, the first globally available private LTE/5G Network-as-a-Service platform. This platform would assist Chief Information Officers and Chief Digital Officers in leveraging the benefits of private 5G to solve business issues and improve to keep pace with the future of the company.

Jun-2021: Verizon Business introduced On-Site 5G, Verizon’s first commercially available and private 5G network solution. These networks are custom-designed and managed by Verizon that enables large enterprise and public sector users to bring Verizon’s 5G Ultra Wideband capabilities to indoor or outdoor facilities where high-capacity, low-latency, and high-speed connectivity is essential, regardless of whether the premises is within a public 5G Ultra Wideband coverage area.

Jun-2021: NTT released Global Data Center Interconnect, an integrated global network fabric service. This service would offer secure and private connections between NTT’s global data centers and major cloud service providers with a single physical port supporting several virtual network services.

Apr-2021: BT introduced a new managed secure SD-WAN service powered by Fortinet, a global leader in broad, integrated, and automated cybersecurity solutions. Through the launch of the latest service, both companies aimed to provide secure networking solutions, which allow digital transformation.

Mar-2021: Cisco unveiled Cisco Plus, the company’s unique as-a-service strategy. This service would bring new flexible buying and expanding models to users. In addition, this service would also help users in securing, automating, and connecting to escalate the company’s digital agility in a cloud-first world.

Mar-2021: Huawei introduced CloudFabric 3.0 Hyper-Converged Data Center Network Solution. This solution aimed to unleash 100% of computing power and build lossless computing and storage networks based on an all-Ethernet architecture.

Dec-2020: Verizon Business introduced On-Site LTE, a customized solution. This solution would offer users a secure, dedicated, and private on-premises wireless network platform that would run critical business operations and applications.

Nov-2020: BT released a new generation of cloud-optimized managed network services. These services would expand multinational users’ choice of software-based connectivity solutions. The first service, based on industry-leading VMware SD-WAN, is available to customers globally and is already in live deployment.

Jul-2020: T-Systems introduced Multi-Cloud Connectivity Platform. This platform would enable its users to book data lines for cloud applications directly from T-Systems. In addition, this platform would provide connections from Deutsche Telekom and other cloud network providers to Azure, Google, and AWS that are available in a self-service portal. This would enable users to link their own data centers with the T Systems private cloud & various public clouds. Moreover, the user would be able to add or reduce bandwidth at short notice.

Geographical Expansions:

Jan-2021: Verizon Business expanded its geographical reach in Canada and the US by offering managed network services and network as a service (NaaS), to more than 450 HUB offices. Through these services, HUB offices would enhance capacity, flexibility, and speed that would help employees to work more seamlessly along with allowing HUB to better manage the swift growth of its business.

Nov-2020: Ericsson expanded its geographical reach in Turkey by opening a new managed services center. This center would promote high-value engineering and design solutions based on next-generation technologies that comprise Machine Learning and Artificial Intelligence (AI). Moreover, the company would focus on scaling its workforce to support the local research and development ecosystem and reinforce its Application, Development, and Maintenance (ADM) offerings.

Scope of the Study

Market Segments covered in the Report:

By Type

• Managed VPN

• Managed WAN

• Managed LAN

• Managed Network Security

• Managed WiFi

• Others

By Deployment Mode

• On-premise

• Cloud

By Enterprise Size

• Large Enterprises

• Small & Medium Enterprises

By End User

• BFSI

• Retail & eCommerce

• Media & Entertainment

• Healthcare

• Government

• Telecom & IT

• 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

• BT Group plc

• Telefónica, S.A.

• T-Systems International GmbH

• IBM Corporation

• DXC Technology Company

• Verizon Communications, Inc.

• NTT Data Corporation

• Cisco Systems, Inc.

• Huawei Technologies Co., Ltd.

• Ericsson AB

Unique Offerings

• Exhaustive coverage

• Highest number of market tables and figures

• Subscription based model available

• Guaranteed best price

• Assured post sales research support with 10% customization free
Read the full report: https://www.reportlinker.com/p06188484/?utm_source=GNW

About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need – instantly, in one place.

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Actuators Market worth $94.8 billion by 2029 – Exclusive Report by MarketsandMarkets™

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CHICAGO, March 29, 2024 /PRNewswire/ — The Actuators market is estimated at USD 67.7 billion in 2024 and is projected to reach USD 94.8 billion by 2029, at a CAGR of 7.0 % from 2024 to 2029 according to a new report by MarketsandMarkets™. The growth can be attributed to growing industrial automation and use of robots in various sectors like manufacturing and transportation, Developments in areas like sensor technology, connectivity, and control systems, The increasing demand for actuators is fueled by the expansion of sectors like healthcare (medical devices), oil & gas, and aerospace & defense, and the need for improved process control, energy efficiency, and safety regulations in various industries.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=59465451
Browse in-depth TOC on “Actuators Market” 300 – Tables175 – Figures350 – Pages
Actuators Market Report Scope:
Report Coverage
Details
Market Revenue in 2024
$ 67.7 billion
Estimated Value by 2029
$ 94.8 billion
Growth Rate
Poised to grow at a CAGR of 7.0%
Market Size Available for
2019–2028
Forecast Period
2023–2028
Forecast Units
Value (USD Million/Billion)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
By Actuation, Application, Type, Vertical, and Region
Geographies Covered
North America, Europe, Asia Pacific, and Rest of World
Key Market Challenge
Issues of leakage in pneumatic and hydraulic actuators
Key Market Opportunities
Increased spending on renewable sources of energy for power generation
Key Market Drivers
Rapid industrialization and utilization of robotics
The Electric segment held the largest growth rate in the Actuators market by actuation.
By actuation, the Actuators market has been segmented into electric, hydraulic, pneumatic, and others. electric Segment to hold the highest growth rate during the forecast period. Electrical actuators use electricity to produce motion. These actuators can be further classified into solenoid actuators and motor-driven actuators. A solenoid used in an electric actuator works on the principle of electromagnetism. Electrical actuators provide control and acceleration at higher speeds. The force for applying thrust can be managed without the requirement for compressed air and the related infrastructure, and hence the total energy consumption in these actuators is lower. Electrical actuators can be used for various applications where linear as well as rotary actuation is required. They can be used for low torque as well as high torque requirements.
The vehicle equipment segment is expected to account for the largest share of Actuators by application in 2024.
By application, the Actuators industry is segmented into industrial automation, robotics, and vehicle equipment. The vehicles and equipment segment includes actuators used in automotive, aircraft, ships, and defense vehicles. These can be either hydraulic, pneumatic, electrical, or mechanical actuators. Actuators are widely used in various systems and sub-systems of an automobile, aircraft, ships as well as defense vehicles.
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Asia Pacific accounts for the largest market share in 2024.
The Actuators market has been studied in North America, Europe, Asia Pacific, Middle East, and Rest of the World. The Asia Pacific region accounts for the largest market share in 2024 as well as throughout the forecast period due to the increasing demand for actuators in the region to enhance the growth of the market. India is expected to show the highest growth rate in Asia Pacific Region for Actuators market.
Major players operating in the Actuators companies are SMC Corporation (Japan), Rockwell Automation (US), Curtiss-wright Corporation (US), ABB Ltd (Switzerland), and Parker Hennifin Corporation (US).
Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=59465451
Browse Adjacent Market: Aerospace and Defence Market Research Reports & Consulting
Related Reports: 
Aircraft Sensors Market Size, Share & Growth Analysis Report by Aircraft Type (Fixed-wing, Rotary-wing, UAVs, AAM), Application (Engine, Aerostructures, Fuel & Hydraulic, Cabin), Sensor Type, End Use (OEM, Aftermarket), Connectivity (Wired, Wireless) and Geography- Global Forecast to 2027
Military Actuators Market by Application (Air, Land, Naval), System (Electrical, Hydraulic, Pneumatic, Mechanical), Component (Cylinders, Drives, Servo Valves, Manifolds), Type (Linear, Rotary), and Region (2019-2024)
Aircraft Actuators Market Size, Share & Industry Growth Analysis Report by Installation Type (OEM & Aftermarket), System, Technology (Hydraulic, Electric Hybrid, Mechanical, Pneumatic, and Full Electric), Type, Platform, Aircraft Type (Fixed Wing and Rotary Wing) and Region – Global Forecast to 2027
Aircraft Engine Market Size, Share & Industry Growth Analysis Report by Type (Turboprop, Turbofan, Turboshaft, Piston Engine), Platform (Fixed wing, Rotary Wing, UAV), Component (Compressor, Turbine, Gear Box, Exhaust Nozzle, Fuel System), Technology, and Global Growth Driver and Industry Forecast to 2026
Avionics Market by Platform (Military Aviation, Commercial Aviation, General Aviation, Special Mission Aviation), Fit, Systems and Region (North America, Europe, Asia Pacific, Middle East and Rest of the World) – Global Forecast to 2030
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
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Roborock Unveils Global No.1 Robotic Vacuum Cleaner Sales Ranking at International Launch Event

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Certified by Euromonitor, Roborock attributes its rise to the top to embracing a long-term mindset while upholding customer-centric innovation above all else
BEIJING, March 29, 2024 /PRNewswire/ — Roborock, a global leader in ultra-intelligent home robotics engineered to simplify daily life, today announced it has taken the number one spot for robotic vacuum sales worldwide, according to new data by Euromonitor. Celebrating its achievements at a global launch event on the eve of its 10-year anniversary, the brand also revealed a glimpse of what is to come in the form of new product lines while sharing its vision for the future.

Founded in 2014, Roborock owes its success to its long-standing commitment to customer-centric innovation. By delivering meaningful solutions which improve everyday lives, Roborock has built a truly global fanbase, with Euromonitor data confirming that the brand has achieved the number 1 sales position worldwide for robotic vacuum cleaners[1].
“We are so honored to be celebrating this achievement with you all, which was made possible thanks to the ongoing trust and support received over the last 10 years.” Mr. Quan, Roborock President, announced, “Our path to success has been a marathon, not a sprint, as we have always kept in view our brand spirit of “taking the long view in order to do the right thing”. Our unwavering commitment to focusing on delivering true value to our customers is how we have built the brand affinity that has gotten us where we are today – firmly on our way to becoming a global leader in the smart home space.”
Steppingstones on the Path to Success: Roborock Achieves Steady Market Growth on Journey to Become a Global Leading Home Appliance Brand
Further cementing its global success story, the brand also revealed impressive results in many of its key markets. Roborock is now present in over 170 countries, serving over 15 million homes worldwide. According to data from IDC, Roborock ranks number one in Turkey and number two in the US in terms of sales, while also taking the top spot in Germany, Korea, and the Nordics in terms of shipments in 2023[2]. As revealed by Roborock’s latest Financial Earnings Report, the brand recorded a total revenue of 8.65 billion Yuan last year (US$1.22 billion), with total robot vacuum shipments surpassing 2.6 million units. Roborock’s overseas operation recorded revenue growth of 21.42% compared to the prior year and Roborock’s net profit was listed at 2.05 billion Yuan (US$288 million), achieving an overall annual growth rate of 73.32%. This consistent growth across all key markets demonstrates Roborock’s strategic choice to directly address consumer demands and striving for excellence across user experience is resonating with millions worldwide.
Despite these successes, Mr. Quan acknowledged these results were not in themselves the ultimate end goal. Globalization is a vital pillar of Roborock’s mission to become a leader in its field. As such, Roborock plans to expand its global footprint by introducing more innovative products that cater to the unique needs of global users, taking into account the different requirements of various markets, and extending more partnerships worldwide, ensuring that Roborock makes strides overseas on a larger scale and at a faster pace.
Meaningful Innovation: Roborock’s User-Centric R&D Principles and Latest Revolutionary Developments
Roborock’s passion to create value for its consumers propels them to continuously seek out new technological advancements that can serve real consumer pain points. From 2019 to 2023 Roborock invested 1.9 billion Yuan (260 million USD) in Research and Development. Roborock’s approach to take the long term view, ensures R&D teams are encouraged not to seek quick fixes, but to focus on innovation that will truly serve the needs of the end consumer, such as addressing key areas like cleaning capabilities, mapping and navigation, convenience and smart home interconnectivity.
Enhancing the cleaning capabilities of its latest range, Roborock has introduced the FlexiArm Design™ Side Brush, a stretching side brush delivering 100% corner cleaning coverage – elevating the user experience. When it comes to user satisfaction, delivering a low-maintenance, hands-free experience is also paramount. Roborock recently introduced an auto water refill and drainage system, which automatically emptying and replacing dirty water with clean water through pipes during mop washing and tank refilling.
Aside from advanced hardware solutions, Roborock has always invested heavily in the discovery and implementation of emerging technologies that can enhance the functionality and accessibility of its devices. Roborock’s Reactive AI 2.0 Obstacle Recognition technology can recognize and differentiate between floor and room types, accurately identifying 73 different obstacles to navigate, including floor mirrors and pet supplies. Roborock SmartPlanTM function uses an advanced AI algorithm to intelligently plan and optimize cleaning paths and settings based on user habits and specific home layout, making the cleaning process even more intelligent and efficient. The S8 MaxV Ultra is now certified by CSA for Matter, and other Roborock products will follow in the near future suit to enhance connectivity.
Enriching Roborock’s Product Portfolio to Enhance the Quality of Life for Consumers
Concluding the exciting launch, Roborock unveiled three exciting new product lines to its portfolio of intelligent automated devices. Roborock’s product managers took to the stage to introduce three new robotic vacuums – the G20S (S8 MaxV Ultra), V20 and P10S Pro. 
The G20S (S8 MaxV Ultra) launched to great acclaim at CES 2024 and is Roborock’s most technologically advanced one-stop cleaning solution to date. A highly intuitive device, the G20S is equipped with FlexiArm Design™ Side Brush, a unique robotic arm that enables complete corner cleaning capabilities, and an extra side mop for edge cleaning, alongside Reactive AI 2.0 obstacle recognition, built-in intelligent voice assistant, and RockDock® Ultra which automatically maintains the robot cleaner using hot water and heated air with intelligent mop re-washing and re-mopping capabilities. The G20S (S8 MaxV Ultra) will be available to purchase globally from April, retailing for USD 1799.99 / EURO 1499.
Initially debuting in China, the V20 will be the world’s first robotic vacuum cleaner equipped with dual-vision 3DToF solid-state LiDAR navigation and obstacle avoidance system, which observes the reflection of modulated light to offer better depth accuracy for even more intuitive floor mapping. With an ultra-thin 8.2cm body and equipped with FlexiArm DesignTM corner and edge cleaning, DuoRoller Riser Brush, and maintenance-free cleaning dock, the V20 is set to redefine automated, low maintenance cleaning.
Finally, the P10S Pro is positioned as the perfect partner for those hard-to-reach spots. Combining FlexiArm DesignTM with an extendable side brush and mop, the device provides 100% corner coverage and the ultimate in edge-cleaning, taking even the trickiest surfaces in its stride.
These solutions further solidify Roborock’s commitment to satisfying the needs of its customers in its fearless pursuit of innovation. Stay tuned for further market specific launch announcements of these innovations and more. 
About Roborock
Roborock is committed to innovation in researching, developing, and producing home cleaning devices, particularly robotic, cordless, and wet/ dry vacuum cleaners. Every Roborock product has been designed with an eye on solving genuine problems, so Roborock customers can live better lives. Currently, Roborock is available in more than 40 countries, including the U.S., Germany, France, and Spain. The company operates out of four locations, with offices in Beijing, Shanghai, Shenzhen, and Hong Kong. For more information visit https://global.roborock.com/.
[1] The data comes from Euromonitor International (Shanghai) Co., Ltd. The sales figures of robotic vacuum cleaners worldwide in the first three quarters of 2023 (in RMB hundred million) were used for calculation. Roborock ranks first in the industry. Robotic vacuum cleaner refers to vacuum cleaners that automatically move around rooms using sensors to clean floors. The research was completed in February 2024.
[2] Data based on IDC Quarterly Smart Home Device Tracker, 2023 Q4. Rankings for the US and Turkey are based on sales value, while rankings for Germany, the Nordic countries (Denmark, Finland, Norway, Sweden), and Korea are based on shipment volume
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View original content:https://www.prnewswire.co.uk/news-releases/roborock-unveils-global-no1-robotic-vacuum-cleaner-sales-ranking-at-international-launch-event-302103463.html

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Cato Shatters SASE Speed Record

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Cato doubles throughput without any hardware upgrades, underscoring the value of a fully cloud-native platform.
TOKYO, March 29, 2024 /PRNewswire/ — Cato Networks, the SASE leader, announced a new SASE throughput record here at the Porsche Studio Ginza ahead of the 2024 Tokyo E-Prix, achieving 10 Gbps without hardware upgrades. At 10 Gbps, Cato became the first SASE platform to compete not only in the ABB FIA Formula E World Championship but also to deliver SASE performance so powerful that the TAG Heuer Porsche Formula E Team could transfer all the data of an entire Formula E season in under 2.5 hours instead of 3.5 days.

“We’re very excited to be partnering with the TAG Heuer Porsche Formula E Team at the 2024 Tokyo E-Prix,” says Shlomo Kramer, CEO and co-founder of Cato Networks. “The incredible speeds of the Gen3 racecars are only matched by the unprecedented throughput of Cato SASE Cloud. With 10 Gbps, we enable enterprises to replace their data center firewalls and enjoy all the benefits of a true, cloud-native SASE platform.”
Cato SASE Speed Record Up to 3x Other SASE Solutions on the Grid
As SASE continues its upmarket movement, higher capacity connections become essential for meeting various business needs such as bandwidth-intensive applications (cloud storage and backup, disaster recovery), hybrid clouds connecting two parts of the data center for inter-application processing, and large campuses.
To meet those challenges, Cato is introducing 10 Gbps throughput on a single, encrypted tunnel. The doubling of Cato Cloud Interconnect and Cato Socket performance comes without costly hardware upgrades, typical of appliance-based architectures. Compute-intensive operations that usually degrade edge appliance performance — packet encryption/decryption, security inspection, and the like — are handled by multiple Cato Single Pass Processing Engine (SPACE) cores, concurrently processing real-time traffic within Cato PoPs (Points of Presence). Parallel network flow processing is also enabled within the Cato Socket to maximize throughput end-to-end.
By contrast, SASE solutions implemented as virtual machines (VMs) in the cloud or modified web proxies remain limited to under 2 Gbps of throughput for a single tunnel. Appliance-based SASE
solutions top out at just under 3 Gbps. The lower throughputs force enterprises to artificially split traffic within locations across multiple tunnels from the edge appliance to the SASE PoP, a layer of complexity and risk that does not exist in Cato SASE Cloud.
Tokyo: A Place for Fast Cars and Fast Networks
The 2024 Tokyo E-Prix is the perfect venue to highlight Cato’s breakthrough performance. In the fast-paced world of Formula E, every second counts. The sport is intensively data-driven, where teams rely on their IT networks to analyze data and make critical, split-second strategy decisions to achieve a winning edge. Multiple computers in the car produce 100 to 500 billion data points per event, with more than 400 gigabytes of data generated and sent back to the cloud for analysis.
With 16 E-Prix this season, many in regions lacking Tokyo’s developed infrastructure, the ABB FIA Formula E Word Championship presents an incredible networking and security stress test. Cato SASE Cloud provides fast, secure, and reliable access to the TAG Heuer Porsche Formula E Team, regardless of location.
Tokyo, Osaka, and soon Sapporo form the three PoP locations within Japan. Within Tokyo, three Cato PoPs service the region; another two PoPs service Osaka. A sixth PoP is opening in Sapporo. Should users or locations lose access to any one PoP, they would immediately fail over to one of the other PoPs in Japan, providing the TAG Heuer Porsche Formula E Team and all Cato customers with incredibly reliable access in Tokyo – and across the globe.
To learn more about Cato SASE Cloud, visit us at https://www.catonetworks.com/platform/
To learn more about Cato’s partnership with the TAG Heuer Porsche Formula E Team, visit us at https://www.catonetworks.com/porsche-formula-e-team/.
About Cato Networks
Cato Networks is the leader in SASE, delivering enterprise security and networking in a single cloud platform. With Cato, organizations replace costly and rigid legacy infrastructure with an open and modular SASE architecture based on SD-WAN, a purpose-built global cloud network, and an embedded cloud-native security stack.
Want to learn why thousands of organizations secure their future with Cato? Visit us at www.catonetworks.com.

View original content:https://www.prnewswire.co.uk/news-releases/cato-shatters-sase-speed-record-302101273.html

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