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Artificial Intelligence

Global Blockchain Devices Market Forecast to Reach USD 2,459 Million by 2026

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Dublin, Dec. 06, 2021 (GLOBE NEWSWIRE) — The “Global Blockchain Devices Market with COVID-19 Impact Analysis, by Type, Connectivity, Application, End User, and Region Forecast to 2026” report has been added to ResearchAndMarkets.com’s offering.

The blockchain devices market is expected to grow from USD 482 million in 2021 and is projected to reach USD 2,459 million by 2026; it is expected to grow at a CAGR of 38.5% during the forecast period.

Growing visibility of benefits of blockchain technology in financial sector is expected to drive the blockchain devices market and to promote new revenue opportunities for blockchain devices manufacturers. Blockchain technology offers secure and tamper-proof ledgers, thereby infusing greater accuracy and secure information sharing into the financial services ecosystem.

Furthermore, rapid development of blockchain technology in retail & supply chain management applications is also expected to raise the demand for blockchain devices systems. The incorporation of blockchain technology into a supply chain management system prevents data manipulation, which is expected to be a major driving factor in the growth of the blockchain devices market.

However, lack of awareness, comprehension, and user experience about blockchain technology are major hindrance for blockchain devices market.

Market for corporate application to grow at higher CAGR during the forecast period

The corporate application is expected to dominate the blockchain devices market throughout the forecast period. It is also expected to grow at a higher CAGR during the forecast period. This growth is due to the transition of businesses toward the integration of blockchain technology, machine learning, artificial intelligence, and IoT across the supply chain.

The integration of these technologies with blockchain’s distributed ledger technology (DLT) into a supply chain management system prevents data manipulation. Blockchain offers high-speed transactions, parts traceability, and improved security and privacy due to decentralized structures, which are further expected to fuel the use of blockchain devices in corporate applications. With parts traceability, blockchain can help corporations reduce losses due to counterfeit parts and recall costs due to faulty parts.

Travel & hospitality end use segment for blockchain devices is expected to grow at the highest rate during the forecast period

The travel & hospitality segment is expected to grow at the highest CAGR throughout the forecast period. The use of cryptos for digital and contactless payments is critical in increasing travelers’ convenience in the tourism industry. The use of cryptocurrency eliminates the need to carry currency bills. Blockchain technology can help cut the middlemen and eliminate third-party commissions for hotel services, encouraging direct provider-to-consumer interaction and lowering costs.

Tagging luggage with blockchain devices such as tags, loggers, and chips can reduce luggage misplacement while traveling. Similarly, implementing blockchain technology to secure and reconcile traveler data can result in a safer and more convenient journey. The conversion of a physical ticket into a digital token adds a new layer of security. Using a smart contract as part of the ticket token can assist airlines in controlling the sale and use of tickets to provide customers with verified experiences.

Key Topics Covered:

Executive Summary

  • Hardware Wallets to Hold Largest Share of Blockchain Devices Market During Forecast Period
  • Wired Segment of Blockchain Devices Market is Projected to Grow at Higher Rate Than Wireless Segment During Forecast Period
  • Corporate Application to Hold Larger Share of Blockchain Devices Market During Forecast Period
  • Blockchain Devices Market for Travel & Hospitality to Grow at Highest Rate During Forecast Period
  • North America Was Largest Market for Blockchain Devices in 2020

Premium Insights

  • Increasing Significance of Blockchain Technology in Financial Institutions Has Fueled Market Growth
  • One-Way Crypto ATMs Estimated to Hold a Larger Share of Crypto ATM for Blockchain Devices Market in 2021
  • Corporate Application and Us are Estimated to Account for Largest Share of North American Blockchain Devices Market in 2021
  • Travel & Hospitality End-user Segment to Grow at Highest CAGR During Forecast Period
  • Blockchain Devices Market in Us Hold Largest Share During Forecast Period

Market Dynamics

Drivers

  • Decentralized Structure and Various Other Attributes Associated with Blockchain Technology
  • Rapid Penetration of Blockchain Technology in Retail & Supply Chain Management Applications
  • Growing Visibility of Benefits of Blockchain Technology in the Financial Sector
  • Growth in Cryptocurrency Market Capitalization and Initial Coin Offering

Restraints

  • Regulatory Uncertainty Associated with Blockchain Implementation
  • Lack of Awareness, Comprehension, and User Experience About Blockchain Technology

Opportunities

  • Increasing Acceptance of Cryptocurrencies as Mode of Payment Across Various Industries
  • Anticipated Adoption of Blockchain Technology in Automotive Industry for Maintaining Records and Securing Payments
  • Integration of Blockchain Technology with the Internet of Things (IoT), Artificial Intelligence (AI), and Cloud

Challenges

  • Security-, Privacy-, and Control-Related Challenges Associated with Blockchain Technology

Company Profiles

  • AVADO
  • Bitaccess
  • Coinsource
  • GENERAL BYTES
  • Genesis Coin
  • Helium Systems
  • HTC
  • Infineon Technologies
  • Lamassu Industries
  • Ledger
  • Modum
  • NXM Labs
  • PAYMYNT
  • Pundi X
  • Riddle&Code
  • Safepal
  • Samsung
  • Satoshilabs
  • Shapeshift
  • SIRIN LABS
  • Tangem

For more information about this report visit https://www.researchandmarkets.com/r/anitmr

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.


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Artificial Intelligence

IG Canada Announces Enhanced Trading Platform for Enhanced User Experience

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Meta description : Explore IG Canada’s advanced trading platform, educational resources, and robust security features. Achieve your trading goals with the innovative tools.
NOTTINGHAM, England, April 25, 2024 /PRNewswire/ — IG Canada, a premier online trading platform, is pleased to announce significant enhancements to its trading technology, designed to empower both novice and experienced traders with superior tools and resources. This development is part of IG Canada’s commitment to providing the best trading experience in the Canadian market.

IG Canada has upgraded its platform with advanced features that streamline trading processes and improve the accuracy of trade execution. These enhancements include customizable charts, a wider range of indicators, and improved mobile access, ensuring traders can operate efficiently from anywhere at any time.
Recognizing the importance of education in trading success, IG Canada has expanded its educational resources. The brokerage now offers a comprehensive learning center featuring webinars, tutorials, and articles that cater to various skill levels. These resources are designed to help traders develop robust trading strategies and improve their market knowledge.
Security remains a top priority for IG Canada. The latest updates include enhanced encryption and multi-factor authentication to protect client data and funds. These security measures provide peace of mind for traders, knowing their investments are safeguarded against potential threats.
IG Canada is a leading online brokerage that provides trading services across multiple asset classes, including forex, stocks, commodities, and indices. With a focus on innovation and customer service, IG Canada is committed to helping Canadian traders achieve their investment goals through a transparent and efficient trading environment.
In addition, IG Canada is committed to engaging with the community through upcoming webinars, live events, and partnerships with local financial experts. These initiatives are designed not only to support the growth and education of the clients but also to foster a stronger, more connected trading community in Canada.
Press Contact:Contact Name: Timothy C. SherwinEmail: [email protected] Phone: +447 441425053

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Artificial Intelligence

Sentrycs Now Part of the UK National Protective Security Authority Catalog of Security Equipment

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This inclusion into the NPSA CSE marks a significant milestone in the company’s commitment to enhancing national and international airspace security and to leading the C-UAS market toward multi-layer strategy optimization and excellence.
TEL-AVIV, Israel, April 25, 2024 /PRNewswire/ — Sentrycs, a leading innovator in adaptive counter-drone solutions, is proud to announce its inclusion in the prestigious UK National Protective Security Authority Catalogue of Security Equipment (NPSA CSE).
 
Following a rigorous assessment process, Sentrycs’ cutting-edge Counter Unmanned Aerial Systems (C-UAS) solution has met the high standards set by the NPSA for Detection, Tracking, and Identification (DTI). The testing, conducted at the NPSA’s designated testing facilities in August 2023, rigorously evaluated the Sentrycs system against the NPSA’s DTI Testing and Evaluation Standard v3.1.
Sentrycs elected to be assessed under Configuration D as a 3D system with Ground Control Station (GCS) detection capability and platform identification capability, which is the most demanding test scenario with the highest number of scored parameters.
The Sentrycs system demonstrated exceptional capabilities in various security scenarios, showcasing its robustness in detecting and tracking with high accuracy and zero false alarms. The system’s innovative use of cyber techniques to extract data from targets and its streamlined human-machine interface were especially noted for their efficiency and ease of use.
“Our team is proud to have Sentrycs recognized by the UK National Protective Security Authority,” said Yoav Zaltzman, CEO of Sentrycs. “Being listed in the CSE is not just an honor; it’s a testament to our technology’s reliability and effectiveness in contributing to the ever-changing airspace security landscape.”
Sentrycs’ technology is now accessible through the NPSA CSE, providing security practitioners with verified solutions that meet the UK’s rigorous security standards. This inclusion not only underscores Sentrycs’ role in advancing security technology but also enhances its visibility and credibility on a global stage.
For more details on Sentrycs’ solutions and their impact, visit www.sentrycs.com.
For further information regarding the NPSA and the Catalog of Security Equipment, please visit the NPSA’s official website.
About Sentrycs
Sentrycs is a leader in adaptive counter-drone solutions, supported by innovative technology designed to passively identify, mitigate, and where necessary, intercept unauthorized drones custom-built for various environments – including airports, borders, prisons, critical infrastructure, and mass events. Founded in 2017, Sentrycs’ has offices in Israel and the US, serving customers worldwide. By uniting its field-proven technology and expertise in global drone environments, Sentrycs is leading the way towards a safer and more secure drone-driven future. Learn more at www.sentrycs.com
Video – https://www.youtube.com/watch?v=YBuhpTq5QuM

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Homestyler to Recruit First Batch of Global Partners in 20 Countries

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MILAN, April 25, 2024 /PRNewswire/ — Homestyler, a leading all-in-one 3D Design platform and creative community for global designers invested by Easyhome New Retail Group and Alibaba Group, successfully hosted the Homestyler Global Partners Conference and Gorgeous Home Imported Brand Investment Promotion Conference from April 18 to 19 on the sidelines of the 2024 Salone del Mobile Milano, the world’s leading furniture fair.

Easyhome is at the forefront, driving the transformation of the home furnishing industry into a full-service platform. It has developed a tailored solution for global brands called Gorgeous Home, which includes supportive policies and has established local distribution and service networks in international markets. During the conference, Homestyler unveiled a suite of digital products enhanced by 3D and AI technologies, including cloud-based design tools, virtual livestreaming that can alter and restore furnishing scenes to true-to-life scale, a 3D Floor Planner, a 3D Virtual Studio, and a 3D Interactive Panorama, among others. The event also marked the signing ceremony with the first group of global partners.
The Global Partners Program is a key milestone of Homestyler’s roadmap towards global commercialization. It has established close partnerships with around 1,000 global home furnishing companies and design institutions to provide solutions for digital transformation. The first global partners from more than 20 countries and regions will collaborate to explore content creation and marketing potential to deliver effective growth.
In addition, Homestyler shared the unique advantages of its software and cloud designing tools, particularly in cloud rendering, free modeling capabilities, 3D model and material libraries, one-stop workflow, and user-friendliness.
“The core technologies and products of Homestyler extend through all links both online and offline and deeply converge physical experience with digital technologies, such as attracting customers, content design and creation, interactive scene, check-out tracking and more, and we continue to optimize and enhance the 3D scenario shopping experience to empower the transformation and upgrading of the global home furnishing industry,” said Ma Xingjian, head of Homestyler’s overseas business.
Looking ahead, Easyhome and Homestyler aims to establish an international service, regional distribution and dealership system, serving as a bridge between global designers and home furnishing companies worldwide to enable designers residing in different countries and regions to highlight their 3D design solutions and boost shopping experience for the consumers.
As a creative hub for global designers, Homestyler continually expands its model library with home furnishing products from around the world and provides the latest in 3D and AI technologies to help companies promote their products across various channels. Companies such as P Life Concept London, Lahoma Ltd., and Tecnobit S.r.l. are leveraging Homestyler products to enhance the online shopping experience and increase efficiency on their websites. Homestyler plans to introduce more B2B digital products and services, including advanced 3D tools for designing, modeling, rendering, virtual studio shooting, and livestreaming. “Homestyler will further advance our international development: we are planning to establish industry-academy cooperation with Italy’s top design institution, the Polytechnic University of Milan, and the relationship with ADI. With the launch of Global Partners Program, Homestyler will continue to invest in supporting policies and boost international influence through various cooperation programs, to achieve the goal of providing better design services for users globally,” said Xu Min, general manager of Homestyler.
For more information, please visit https://www.homestyler.com.
About Homestyler
Homestyler was jointly invested in by Easyhome New Retail Group and Alibaba Group. It is dedicated to provide 3D cloud design tools for designers worldwide and delivering a comprehensive suite of 3D+AI digital solutions to the furniture and home furnishing industry.

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