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Public Safety and Security Market to Reach USD 867.92 Billion by 2028; Elbit Systems Ltd. Engages in Deal with Korea Aerospace Industries Ltd. (KAI) to Widen Business Territories: Fortune Business Insights™

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Pune, India, Dec. 15, 2021 (GLOBE NEWSWIRE) — The global Public Safety and Security Market size was USD 394.40 billion in 2020. The market is projected to grow from USD 434.73 billion in 2021 to USD 867.92 billion in 2028 at a CAGR of 10.4% in the 2021-2028 period. Fortune Business Insights™ publishes this information in its report, titled, “Public Safety and Security Market, 2021-2028.”

Public safety and security are essential for financial expansion and the welfare of the public. Its development can only be executed when the government accepts the infrastructure and technologies that permit intelligence departments to collect, comprehend, evaluate, and identify real events.

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List of Key Players Covered in the Public Safety and Security Market

  • Kroll, LLC (New York, U.S.)
  • Cisco System (California, U.S.)
  • Hexagon AB (Stockholm, Sweden)
  • SAAB (Stockholm, Sweden)
  • Alcatel-Lucent Enterprise (Boulogne-Billancourt, France)
  • BAE Systems (Farnborough, U.K.)
  • Elbit Systems (Haifa, Israel)
  • Ericsson (Stockholm, Sweden)
  • General Dynamics (Virginia, U.S.)
  • Harris (Florida, U.S.)

Moreover, utilizing smart technologies such as artificial intelligence (AI), the internet of things (IoT), network apparatus, and technologies empowers societies to safeguard acute infrastructure, develop public security, and confidently influence the regime of the residents.

Restricted Budget for Defence and Homeland Safety amid COVID-19 Has Affected Market Growth

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The COVID-19 pandemic is an unparalleled disaster that has forced cities and regional governments across the globe to experience harsh challenges in protecting their citizen and maintaining their safety.

The administration’s protective measures, such as lockdown guidelines to regulate the curb of the virus, are remarkable and have imposed legal enforcement organizations to familiarize themselves with their systems, investigation methods, and resource management to confront the condition. Insensitive times like these, several corporations have initiated novel safety apparatuses to sustain safety experts in their work.

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Report Coverage

The report delivers a thorough study of the market segments and a comprehensive analysis of the market overview. An insightful estimation of the existing market trends and the forthcoming prospects is offered in the report. It further shares exhaustive scrutiny of the regional perceptions and how they help in establishing market growth. The COVID-19 impacts have been discussed in the report to assist business experts and stakeholders in visualizing the coercions better. The report focuses on the crucial players and their fundamental approaches to stay in the foremost place.

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Segmentation

Based on components, the global market has been segregated into solutions and services. The solution segment is categorized into the critical communication network, cyber-security, emergency and disaster management, C2/C4ISR system, surveillance system, scanning, and screening system, biometric security, and authentication system, public address, and general alarm systems, and backup and recovery system.

In terms of region, the market is segmented into five major regions such as North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America.

On the basis of vertical, the market has been classified into homeland security, emergency services, critical infrastructure security, transportation systems, and others.

Among these, the homeland security segment holds the maximum market share owing to the incessant struggles by the government of every country to augment their nationwide safety and security.

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Quick Buy – Public Safety and Security Market Research Report: https://www.fortunebusinessinsights.com/checkout-page/106177

Drivers and Restraints

Increasing Smart City Missions Set to Fuel Demand for Public Safety and Security

Alongside the rising financial, political and traditional actions, the criminality and risks such as trafficking, violence, industrial mishaps, and natural calamities are also rising at a rapid pace.

Regional Insights

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North America held the largest public safety and security market share and is projected to remain a dominant region in the worldwide market owing to recurrent government funds to progress the security infrastructure to confront and solve unlawful migration and violence.

The Asia Pacific is prospective to be the quickest developing region in the proximate future. Rising crime proportions, prompt urbanization, cross-border violence, and illegitimate migration are the prominent factors powering the growth of the Asia Pacific market.

Europe is responsible for a substantial amount of market share owing to escalating financing done by governments in refining their interaction and investigation systems for protection and security purpose.

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Competitive Landscape

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Incessant Expansions is Significant Approach to Reinforce Corporation’s Position

The important players in the market struggle to deliver advanced public safety and security solutions to the government to develop their competencies to efficiently match up with the disasters. Corporations are also capitalizing on research and development accomplishments to improve cutting-edge technology systems.

Industry Development

  • March 2021: Elbit Systems Ltd. signed a contract with Korea Aerospace Industries Ltd. (KAI) to enlarge backing in the field of Unmanned Aircraft Systems (UAS).

Have a Look at Related Research Insights:

Telematics Control Unit Market Size, Share & Industry Analysis, By Application (Safety and Security, Information and Navigation), By Type (Embedded OEM, Aftersales), By Vehicle Type (Passenger Car, Commercial Vehicle) And Regional Forecast 2021-2028

Child Safety Seat Market Size, Share & Industry Analysis, By Category (Infant Seats, Booster Seats, Combination Seats, Convertible Car Seats), By Distribution Channel (Offline, Online) And Regional Forecast 2021-2028

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Road Safety Market Size, Share & Industry Analysis, By Component (Solution { Red Light Enforcement, Speed Enforcement, Bus Lane Enforcement and Section Enforcement, Automatic License Plate Recognition/Automatic Number Plate Recognition (ALPR/ANPR), Incident Detection and Response, Others} Services {Consulting, Support and Maintenance, Integration and Deployment}), and Regional Forecast, 2021-2028

About Us:

Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.

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Fortune Business Insights™ Pvt. Ltd.

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Artificial Intelligence

ZTE highlights building solid foundations with full-stack intelligent computing solution at MWC Shanghai 2024

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SHANGHAI, June 26, 2024 /PRNewswire/ — ZTE Corporation (0763.HK / 000063.SZ), a global leading provider of integrated information and communication technology solutions, will present innovative solutions and success cases in connectivity, computing power, industrial digitalization, and terminal devices at MWC Shanghai 2024, committed to building solid foundations with its full-stack and full-scenario intelligent computing solution.

In addition to exhibitions, ZTE will participate in various forums, sharing insights on trending topics, including AI, 5G, digitalization, etc. Meanwhile, the company will be hosting a series of launch events, showcasing its AI-powered eyewear-free 3D products and the Nebula Telecom Large Model.
Adhering to its “connectivity + computing” strategy, ZTE aims to create a dynamic ecosystem with industry partners, emphasizing openness and decoupling. Through continuous innovation, ZTE seeks to unfold an intelligent future.
Computing Power: Full-Stack Intelligent Computing as Efficient Foundation
ZTE provides a full-stack and full-scenario intelligent computing solution involving computing power, networks, capabilities, intelligence, and applications. With a full series of servers, high-performance storage products, lossless networks, and green data centers, ZTE has created a robust engine for diverse intelligent computing centers.
Connectivity: A New Era of 10Gbps Experience
Together with industry partners, ZTE continues to explore innovations in 5G-A technologies across different scenarios and industries, and empowers diversified new B2B and B2C services based on 10Gbps+ experience. Meanwhile, ZTE is also leading in global OTN technologies, and actively driving the evolution of all-optical connectivity, building 10Gbps networks for cities, and empowering smart life based on intelligent computing.
Industry: Phygital Convergence for Innovative Development
ZTE proposes the solution of “intelligent computing infrastructure + Digital Nebula,” facilitating phygital innovation and boost productivity in the intelligent era. ZTE has developed hundreds of exemplary projects in key sectors and ZTE Digital Nebula 3.0 has become the “super brain” of industrial digitalization, enabling customers and industry partners to foster a sustainable and intelligent ecosystem.
ZTE Mobile Devices: AI Full-Scenario Intelligent Ecosystem 3.0
With “AI for All” product strategy, ZTE has launched a full range of AI devices, including smartphones, tablets, laptops, PCs, and mobile internet products, dedicated to building AI Full-Scenario Intelligent Ecosystem 3.0. Emerging as a pioneer in cloud PCs, ZTE possesses a global user base of over 3 million.
For more information about ZTE’s highlights at MWC Shanghai 2024, please visit: https://www.zte.com.cn/global/about/news/zte-highlights-building-solid-foundations-with-full-stack-intelligent-computing-solution-at-mwc-shanghai-2024.html
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Email: [email protected]

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Artificial Intelligence

Comviva named a Visionary in the 2024 Gartner® Magic Quadrant™ for AI in CSP Customer and Business Operations Report

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NEW DELHI, June 26, 2024 /PRNewswire/ — Comviva, the global leader in customer experience and data monetization solutions, today announced that it has been named a Visionary in the 2024 Gartner Magic Quadrant for AI in CSPs Customer and Business Operations report.

Gartner defines the market of AI in communications service provider (CSP) customer and business operations as commercial off-the-shelf (COTS) products. They are either capabilities embedded in CSP-specific operational technology (OT) applications (such as channels, CRM and other business support system [BSS] applications) or industry-agnostic horizontal applications delivering AI/machine learning (ML)-based customer and business operations to CSPs. CSP customer and business operations refer to marketing, sales, customer acquisition, customer journey, billing and revenue management, revenue assurance, and related risk management. The scope of AI products covers data readiness, life cycle management of algorithms and their application to CSP customer and business operations.
Comviva’s vision is to revolutionize the telecommunications industry by harnessing the transformative power of AI and Generative AI. With AI use cases across its MobiLytix™ and BlueMarble solutions, Comviva is enabling businesses to create, manage, and deliver real-time personalization, contextualized customer experiences, and intelligence-driven commerce at scale. Comviva has been noted for its strength in content creation, natural language generation, decision intelligence and machine learning.
“To thrive in today’s digital economy, businesses must accelerate the adoption of AI and related digital technologies. Comviva’s greatest strength has been our intelligent platforms that deliver personalized experiences and engagement across the customer journey,” said Rajesh Chandiramani, CEO at Comviva. “We are excited by this recognition as we believe that this affirms our strategic direction and leadership in revolutionizing telecommunications with AI. Comviva’s strong position in the quadrant validates our commitment and progress toward leveraging next-gen technologies in our solutions to deliver exceptional customer experiences.”
Comviva integrates state-of-the-art AI technologies across its comprehensive product portfolio, driving innovation, enhancing customer experiences, and optimizing business operations for Communications Service Providers (CSPs) around the world.
Source: Gartner Magic Quadrant for AI in CSP Customer and Business Operations, by Pulkit Pandey, Amresh Nandan, Peter Liu, 4 June 2024.
GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally, MAGIC QUADRANT is a registered trademark of Gartner, Inc. and/or its affiliates and are used herein with permission. All rights reserved.
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Sundeep Mehta, +91()9910030732, [email protected] 
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Artificial Intelligence

Jacobi releases Model Portfolio Tech to help investment firms capitalise on booming opportunity

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The search for technology to support model portfolio management and portfolio construction services is increasing as companies look to centralise and scale their model portfolio management and compete in a rapidly growing market.
LONDON, June 26, 2024 /PRNewswire/ — The utilisation of model portfolios among financial advisers has emerged as a transformative force, with staggering growth in model portfolios projected to continue over the next decade. And with good reason, they offer an efficient method for diversification, risk management, and portfolio construction, with personalisation features to match the unique financial goals and risk tolerances of clients.

Financial advisers are also increasingly turning to asset managers for assistance in managing the model portfolios they build and maintain for clients. Jacobi’s model management technology enables asset managers to scale the portfolio construction services they offer financial professionals. The technology enables a platform that can centralise performance and risk analytics, integrate investment workflows, and produce professional reports to share with clients.
An early adopter of Jacobi’s model technology, leading asset manager T. Rowe Price has seen improved process efficiencies and enhanced engagement with clients.
Chris Augelli, Head of Advisor Engagement & Portfolio Construction Solutions at T. Rowe Price, says:
“Jacobi’s technology has enabled us to work faster and handle the increasing demand for our portfolio construction services. Having the team on one common platform through Jacobi has facilitated collaboration in real-time, which has supported our effectiveness in meeting clients’ needs.”
Tanya Bartolini, Chief Revenue Officer at Jacobi, says:
“Our technology helps us partner with asset managers such as T.Rowe Price to scale and connect workflows, driving enormous efficiencies – and ultimately increasing their market distribution.”
About Jacobi
Jacobi Inc. is a global investment technology provider that streamlines multi-asset investment processes and enables portfolio design, analysis, and client engagement. Its unique “open architecture” platform allows users to tailor the platform by integrating their own code, models, data, analytics, and applications.
Founded in 2014, Jacobi provides its technology to top-tier investors across the globe, including some of the world’s leading asset and wealth managers, pension funds, asset owners, and investment consultants. 
About T.Rowe Price 
Founded in 1937, T. Rowe Price helps people around the world achieve their long-term investment goals. As a large global asset management company known for investment excellence, retirement leadership, and independent proprietary research, the firm is built on a culture of integrity that puts client interests first. Investors rely on the award-winning firm for its retirement expertise and active management of equity, fixed income, alternatives, and multi-asset investments. T. Rowe Price manages $1.54 trillion in client assets as of May 31, 2024, and it serves millions of clients globally.
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