Artificial Intelligence
Global Microfinance Market to Reach $304.3 Billion by 2026
New York, Jan. 14, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Microfinance Industry” – https://www.reportlinker.com/p05799111/?utm_source=GNW
Microfinance encompasses a broad range of services including loans, savings, payment and insurance to help the unbanked population in achieving growth and becoming self-sufficient. Following the implementation of the Sustainable Development Goals (SDGs) in 2016, the microfinance industry has been focusing efforts on promoting access not just to credit, but also to agriculture, health, housing, education, energy, and education. Amid the COVID-19 crisis, the global market for Microfinance estimated at US$156.7 Billion in the year 2020, is projected to reach a revised size of US$304.3 Billion by 2026, registering a compounded annual growth rate (CAGR) of 11.9% over the analysis period. Asia-Pacific represents the largest regional market for Microfinance, accounting for an estimated 42.5% share of the global total. The market is projected to reach US$159.6 Billion by the close of the analysis period. China is expected to spearhead growth and emerge as the fastest growing regional market with a CAGR of 13.6% over the analysis period.
The global microfinance market forecast to witness a strong growth rate in the upcoming years due to increasing number of microenterprises, government efforts to promote microfinance, and lower interest rates. Market growth is being positively influenced by the pivotal role played by microenterprises in driving economic development. Some of the major factors supporting the market expansion are growth of SMEs and lower-income groups, including women across rural areas, their potential to maintain household and social living along with government initiatives to promote fair competition and improve the national payment system. While efforts to serve socially marginalized individuals with quality financial services is driving growth, enhanced risk management, increasing focus on micro-insurance and initiative to raise consumer awareness are creating new growth avenues. Asia-Pacific region represents a key regional market, and growth is influence by factors such as rapid industrialization, strong demand for goods & services, and rising consumer awareness. In addition, the emergence of various Islamic financial services and banks coupled with the issuance of Sukuk is expected to further augment the market growth in the coming years.
Select Competitors (Total 103 Featured)
- 51Give
- Al Amana Microfinance
- Al-Barakah Microfinance Bank
- Annapurna Finance (P) Ltd
- Asirvad Microfinance Pvt. Ltd.
- Banco do Nordeste do Brasil S.A.
- Bank Rakyat Indonesia
- BRAC
- BSS Microfinance Ltd.
- Grameen Foundation
- Kiva
Read the full report: https://www.reportlinker.com/p05799111/?utm_source=GNW
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Impact of COVID-19 Pandemic and Looming Global Recession
2020: A Year of Disruption & Transformation
As the Race between the Virus & Vaccines Intensifies, Where is
the World Economy Headed in 2021?
EXHIBIT 1: World Economic Growth Projections (Real GDP, Annual %
Change) for 2020 through 2022
COVID-19 Impact on the Microfinance Industry
EXHIBIT 2: Financial Difficulties Facing Microfinance
Institutions Worldwide Due to COVID-19 Outbreak: % of MFIs
Facing Challenges for Large MFIs and Smaller MFIs
Microfinance: Holding Potential to Break the Cycle of Poverty
Microfinance Functioning
Key Principles Related to Microfinance
Key Benefits and Drawbacks of Microfinancing
Microfinance Market: Focus on Providing Access to the Unbanked
and Alleviate Property Propels Growth
Active Borrowers of Microfinance Institutions Continue to Grow
EXHIBIT 3: Global Microfinance Industry: Number of Active
Borrowers in Million for the Years 2010-2018
EXHIBIT 4: % of Rural Borrowers in Microfinance Institutions:
(in %) by Geographic Region for 2018
EXHIBIT 5: Borrower Mix in MFIs: Percentage Breakdown of Active
Borrowers by Male and Female Individuals for 2018
World Brands
Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
As Important Growth Mechanisms for Economic Progress,
Microenterprises Emerge as Vital Driver of Growth for MFIs
EXHIBIT 6: The Large Unbanked Population and Focus on their
Financial Inclusion to Stimulate Microfinance Industry:
Unbanked Population as a % of Total Population by Region for
the Year 2020
EXHIBIT 7: Global Breakdown of Unbanked Adult Population (in %)
by Gender for 2020
EXHIBIT 8: Top Factors Cited as Barrier to Account Ownership: %
of Adults Citing the Reason for Being Unbanked
Changing Business Landscape Drives Microenterprises to Review
Strategies
Microfinance Presents Powerful Tool for Small Businesses &
Entrepreneurs to Access Capital
Microfinance Industry?s Growing Role in Impact Investments and
Achievement of SDGs
Growing Importance of Digitalization for Traditional MFIs
Rising Adoption of New Technologies to Push Market Growth
Mobile Payments Transform Microfinance Industry Landscape
EXHIBIT 9: Mobile Technology to Play a Vital Role in Expanding
Reach of Microfinance: Global Mobile Payments Market in US$
Billion for 2019, 2021, 2023 and 2025
Going Digital Represents Inevitable Move for Microfinance
Institutions
Microfinance Industry Leverages Big Data Analytics to Enable
Financial Inclusion
Digitization Raises Data Security Concerns
Digital Technologies Shape Rural Microfinance Market
Enhancing Equity and Accessibility of Digital Microfinance for
the Rural Families
Artificial Intelligence Poised to Transform the Future of
Microfinance
Growing Significance of Blockchain-based Microfinance Finance
EXHIBIT 10: Huge SME Financing Gap Boosts Need for Blockchain-
based Microfinance Solutions: World Formal MSMEs Finance Gap
(in $ Billion) by Region
Islamic Microfinance Emerges as a Vital Tool for Poverty
Alleviation in Islamic Nations
EXHIBIT 11: Global Islamic Finance Market by Segment (in %) for
2020
Large Commercial Banks Venture into Microfinance Market,
Presenting Opportunities and Challenges for Existing Players
Microinsurance Products: Providing Insurance Coverage to Low
Income Customers
Addressing the Risks of Climate Change with Microfinance
EXHIBIT 12: Rising Carbon Dioxide Emissions an Indication of
Climate Change: Global CO2 Concentrations (in ppm) for the
Years 2000-2100
Microfinance along with Macrofinance Holds Critical
Significance in Financial Realm
Emergence of For-Profit Microfinance Institutions Draws Criticism
Microfinance Institutions to Embrace Hybrid Model
Microfinance Providers to Collaborate with Fintechs
Key Issues Faced by Microfinance Industry
Notable Microfinance Networks: A Review
4. GLOBAL MARKET PERSPECTIVE
Table 1: World Current & Future Analysis for Microfinance by
Geographic Region – China, Europe, Asia-Pacific, Latin America
and Rest of World Markets – Independent Analysis of Annual
Lending in US$ Million for Years 2020 through 2027 and % CAGR
Table 2: World Historic Review for Microfinance by Geographic
Region – China, Europe, Asia-Pacific, Latin America and Rest of
World Markets – Independent Analysis of Annual Lending in US$
Million for Years 2012 through 2019 and % CAGR
Table 3: World 15-Year Perspective for Microfinance by
Geographic Region – Percentage Breakdown of Value Lending for
China, Europe, Asia-Pacific, Latin America and Rest of World
Markets for Years 2012, 2021 & 2027
Table 4: World Current & Future Analysis for Banks by
Geographic Region – China, Europe, Asia-Pacific, Latin America
and Rest of World Markets – Independent Analysis of Annual
Lending in US$ Million for Years 2020 through 2027 and % CAGR
Table 5: World Historic Review for Banks by Geographic Region –
China, Europe, Asia-Pacific, Latin America and Rest of World
Markets – Independent Analysis of Annual Lending in US$ Million
for Years 2012 through 2019 and % CAGR
Table 6: World 15-Year Perspective for Banks by Geographic
Region – Percentage Breakdown of Value Lending for China,
Europe, Asia-Pacific, Latin America and Rest of World for Years
2012, 2021 & 2027
Table 7: World Current & Future Analysis for Non-Banks by
Geographic Region – China, Europe, Asia-Pacific, Latin America
and Rest of World Markets – Independent Analysis of Annual
Lending in US$ Million for Years 2020 through 2027 and % CAGR
Table 8: World Historic Review for Non-Banks by Geographic
Region – China, Europe, Asia-Pacific, Latin America and Rest of
World Markets – Independent Analysis of Annual Lending in US$
Million for Years 2012 through 2019 and % CAGR
Table 9: World 15-Year Perspective for Non-Banks by Geographic
Region – Percentage Breakdown of Value Lending for China,
Europe, Asia-Pacific, Latin America and Rest of World for Years
2012, 2021 & 2027
III. MARKET ANALYSIS
CHINA
Table 10: China Current & Future Analysis for Microfinance by
Institution Type – Banks and Non-Banks – Independent Analysis
of Annual Lending in US$ Million for the Years 2020 through
2027 and % CAGR
Table 11: China Historic Review for Microfinance by Institution
Type – Banks and Non-Banks Markets – Independent Analysis of
Annual Lending in US$ Million for Years 2012 through 2019 and %
CAGR
Table 12: China 15-Year Perspective for Microfinance by
Institution Type – Percentage Breakdown of Value Lending for
Banks and Non-Banks for the Years 2012, 2021 & 2027
EUROPE
Microfinance Market in Europe: An Overview
Microcredit Industry in France: An Overview
Market Analytics
Table 13: Europe Current & Future Analysis for Microfinance by
Institution Type – Banks and Non-Banks – Independent Analysis
of Annual Lending in US$ Million for the Years 2020 through
2027 and % CAGR
Table 14: Europe Historic Review for Microfinance by
Institution Type – Banks and Non-Banks Markets – Independent
Analysis of Annual Lending in US$ Million for Years 2012
through 2019 and % CAGR
Table 15: Europe 15-Year Perspective for Microfinance by
Institution Type – Percentage Breakdown of Value Lending for
Banks and Non-Banks for the Years 2012, 2021 & 2027
ASIA-PACIFIC
Table 16: Asia-Pacific Current & Future Analysis for
Microfinance by Geographic Region – Bangladesh, India,
Indonesia, Vietnam and Rest of Asia-Pacific Markets –
Independent Analysis of Annual Lending in US$ Million for Years
2020 through 2027 and % CAGR
Table 17: Asia-Pacific Historic Review for Microfinance by
Geographic Region – Bangladesh, India, Indonesia, Vietnam and
Rest of Asia-Pacific Markets – Independent Analysis of Annual
Lending in US$ Million for Years 2012 through 2019 and % CAGR
Table 18: Asia-Pacific 15-Year Perspective for Microfinance by
Geographic Region – Percentage Breakdown of Value Lending for
Bangladesh, India, Indonesia, Vietnam and Rest of Asia-Pacific
Markets for Years 2012, 2021 & 2027
Table 19: Asia-Pacific Current & Future Analysis for
Microfinance by Institution Type – Banks and Non-Banks –
Independent Analysis of Annual Lending in US$ Million for the
Years 2020 through 2027 and % CAGR
Table 20: Asia-Pacific Historic Review for Microfinance by
Institution Type – Banks and Non-Banks Markets – Independent
Analysis of Annual Lending in US$ Million for Years 2012
through 2019 and % CAGR
Table 21: Asia-Pacific 15-Year Perspective for Microfinance by
Institution Type – Percentage Breakdown of Value Lending for
Banks and Non-Banks for the Years 2012, 2021 & 2027
BANGLADESH
Table 22: Bangladesh Current & Future Analysis for Microfinance
by Institution Type – Banks and Non-Banks – Independent
Analysis of Annual Lending in US$ Million for the Years 2020
through 2027 and % CAGR
Table 23: Bangladesh Historic Review for Microfinance by
Institution Type – Banks and Non-Banks Markets – Independent
Analysis of Annual Lending in US$ Million for Years 2012
through 2019 and % CAGR
Table 24: Bangladesh 15-Year Perspective for Microfinance by
Institution Type – Percentage Breakdown of Value Lending for
Banks and Non-Banks for the Years 2012, 2021 & 2027
INDIA
Microfinance Sector Hit by the COVID-19 Outbreak
EXHIBIT 13: Small Borrowers Face Tough Times Due to COVID-19
Pandemic: % Change in Value of Loan Disbursed by MFIs in India
for Apr-Jun and Jul-Sep 2020
Long-term Growth in the Microfinance Market Remains Promising
Indian Microfinance Market Poised to Witness More Consolidation
A Peek into Microfinance Providers in the Indian Microlending
Landscape
Primary Challenges Affecting Competitiveness of Microfinance
Institutions in India
Market Analytics
Table 25: India Current & Future Analysis for Microfinance by
Institution Type – Banks and Non-Banks – Independent Analysis
of Annual Lending in US$ Million for the Years 2020 through
2027 and % CAGR
Table 26: India Historic Review for Microfinance by Institution
Type – Banks and Non-Banks Markets – Independent Analysis of
Annual Lending in US$ Million for Years 2012 through 2019 and %
CAGR
Table 27: India 15-Year Perspective for Microfinance by
Institution Type – Percentage Breakdown of Value Lending for
Banks and Non-Banks for the Years 2012, 2021 & 2027
INDONESIA
Table 28: Indonesia Current & Future Analysis for Microfinance
by Institution Type – Banks and Non-Banks – Independent
Analysis of Annual Lending in US$ Million for the Years 2020
through 2027 and % CAGR
Table 29: Indonesia Historic Review for Microfinance by
Institution Type – Banks and Non-Banks Markets – Independent
Analysis of Annual Lending in US$ Million for Years 2012
through 2019 and % CAGR
Table 30: Indonesia 15-Year Perspective for Microfinance by
Institution Type – Percentage Breakdown of Value Lending for
Banks and Non-Banks for the Years 2012, 2021 & 2027
VIETNAM
Table 31: Vietnam Current & Future Analysis for Microfinance by
Institution Type – Banks and Non-Banks – Independent Analysis
of Annual Lending in US$ Million for the Years 2020 through
2027 and % CAGR
Table 32: Vietnam Historic Review for Microfinance by
Institution Type – Banks and Non-Banks Markets – Independent
Analysis of Annual Lending in US$ Million for Years 2012
through 2019 and % CAGR
Table 33: Vietnam 15-Year Perspective for Microfinance by
Institution Type – Percentage Breakdown of Value Lending for
Banks and Non-Banks for the Years 2012, 2021 & 2027
REST OF ASIA-PACIFIC
Table 34: Rest of Asia-Pacific Current & Future Analysis for
Microfinance by Institution Type – Banks and Non-Banks –
Independent Analysis of Annual Lending in US$ Million for the
Years 2020 through 2027 and % CAGR
Table 35: Rest of Asia-Pacific Historic Review for Microfinance
by Institution Type – Banks and Non-Banks Markets – Independent
Analysis of Annual Lending in US$ Million for Years 2012
through 2019 and % CAGR
Table 36: Rest of Asia-Pacific 15-Year Perspective for
Microfinance by Institution Type – Percentage Breakdown of
Value Lending for Banks and Non-Banks for the Years 2012, 2021 &
2027
LATIN AMERICA
Table 37: Latin America Current & Future Analysis for
Microfinance by Institution Type – Banks and Non-Banks –
Independent Analysis of Annual Lending in US$ Million for the
Years 2020 through 2027 and % CAGR
Table 38: Latin America Historic Review for Microfinance by
Institution Type – Banks and Non-Banks Markets – Independent
Analysis of Annual Lending in US$ Million for Years 2012
through 2019 and % CAGR
Table 39: Latin America 15-Year Perspective for Microfinance by
Institution Type – Percentage Breakdown of Value Lending for
Banks and Non-Banks for the Years 2012, 2021 & 2027
REST OF WORLD
Table 40: Rest of World Current & Future Analysis for
Microfinance by Institution Type – Banks and Non-Banks –
Independent Analysis of Annual Lending in US$ Million for the
Years 2020 through 2027 and % CAGR
Table 41: Rest of World Historic Review for Microfinance by
Institution Type – Banks and Non-Banks Markets – Independent
Analysis of Annual Lending in US$ Million for Years 2012
through 2019 and % CAGR
Table 42: Rest of World 15-Year Perspective for Microfinance by
Institution Type – Percentage Breakdown of Value Lending for
Banks and Non-Banks for the Years 2012, 2021 & 2027
IV. COMPETITION
Total Companies Profiled: 103
Read the full report: https://www.reportlinker.com/p05799111/?utm_source=GNW
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__________________________
KANAZAWA, Japan, April 24, 2024 /PRNewswire/ — Researchers at Nano Life Science Institute (WPI-NanoLSI), Kanazawa University report in Nano Letters how the use of high-speed atomic force microscopy helps to understand the crucial role played by certain biomolecules in DNA wrapping dynamics.
In plants and animals, the basic packaging units of DNA, which carry genetic information, are the so-called nucleosomes. A nucleosome consists of a segment of DNA wound around eight proteins known as histones. During gene expression (the process lying at the basis of protein production), nucleosomes are involved in various dynamical structural changes, such as nucleosome sliding, DNA unwrapping and other DNA–histone interactions. Of particular importance in these processes are the end structures, or tails, of the histones. Histone tails undergo chemical modifications, changing the histone’s functionality as needed. Detailed studies, and especially visualizations, of nucleosome dynamics are crucial for better understanding the role of histone tails. Mikihiro Shibata from Kanazawa University and colleagues have now succeeded in making video recordings of tail-less nucleosomes, showing that the absence of histone tails significantly increases a nucleosome’s dynamic activity.
The scientists used high-speed atomic force microscopy (HS-AFM), a powerful nanoimaging tool for visualizing molecular structures and their dynamics at high spatial and temporal resolution. For this, the nucleosomes needed to be put onto a substrate. Shibata and colleagues used a film of so-called pillar[5]arenes (molecules with a pentagonal tubular structure) as the substrate, forming an ideal surface as the nucleosomes are easily adsorbed to it without dynamical processes getting suppressed.
The researchers first looked at nucleosomes for which all eight histones lacked tails. Based on their HS-AFM observations, they concluded that nucleosome sliding and DNA unwrapping/rewrapping occurred more often than for normal (canonical) nucleosomes. This suggests that without tails, the histone–DNA interaction is weakened, leading to a situation in which DNA can more easily detach from the histones.
To better understand the roles of specific histone tails, Shibata and colleagues prepared nucleosomes where one type of histone was tailless. There are four different types of histones, called H2A, H2B, H3 and H4. HS-AFM experiments on the nucleosomes revealed that H2B and H3 tail-less nucleosomes showed an increased frequency of dynamics. Conversely, this means that canonical H2B and H3 histones are essential for nucleosome stability.
The scientists point out that they could not observe any actual motion of histone tails — most likely the temporal resolution of the study, 0.3 seconds, was much slower than the rate of the wrapping/unwrapping dynamics of the tails. Despite this limitation, the work of Shibata and colleagues clearly proves that the tails of H2B and H3 histones are the main contributors to nucleosome dynamics. Regarding future work, quoting the researchers, “a technique for tagging histone tail tips might enable HS-AFM to capture the movements of the histone tails themselves.”
Background
High-speed atomic force microscopy
The general principle of atomic force microscopy (AFM) is to make a very small tip scan the surface of a sample. During this horizontal (xy) scan, the tip, which is attached to a small cantilever, follows the sample’s vertical (z) profile, inducing a force on the cantilever that can be measured. The magnitude of the force at the xy position can be related to the z value; the xyz data generated during a scan then result in a height map providing structural information about the investigated sample. In high-speed-AFM (HS-AFM), the working principle is slightly more involved: the cantilever is made to oscillate near its resonance frequency. When the tip is moved around a surface, the variations in the amplitude (or the frequency) of the cantilever’s oscillation — resulting from the tip’s interaction with the sample’s surface — are recorded, as these provide a measure for the local z value. AFM does not involve lenses, so its resolution is not restricted by the so-called diffraction limit as in X-ray diffraction, for example.
HS-AFM results in a video, where the time interval between frames depends on the speed with which a single image can be generated (by xy-scanning the sample). Researchers at Nano Life Science Institute (WPI-NanoLSI), Kanazawa University have in recent years developed HS-AFM further, so that it can be applied to study biochemical molecules and biomolecular processes in real-time. Mikihiro Shibata and colleagues have now applied the method to study nucleosome dynamics in detail, and in particular the role of the molecular endings of histones — proteins that play a crucial role in DNA accessibility.
Reference
Shin Morioka, Takumi Oishi, Suguru Hatazawa, Takahiro Kakuta, Tomoki Ogoshi, Kenichi Umeda, Noriyuki Kodera, Hitoshi Kurumizaka, and Mikihiro Shibata. High-Speed Atomic Force Microscopy Reveals the Nucleosome Sliding and DNA Unwrapping/Wrapping Dynamics of Tail-less Nucleosomes, Nano Letters ,2024.
DOI: 10.1021/acs.nanolett.4c00801https://pubs.acs.org/doi/10.1021/acs.nanolett.4c00801
https://nanolsi.kanazawa-u.ac.jp/wp/wp-content/uploads/Figure-1-12.png Figure 1.
High-speed atomic force microscopy visualization of nucleosome dynamics with canonical (top) and tail-less (bottom) histones.© 2024 American Chemical Society
ContactHiroe YonedaSenior Specialist in Project Planning and OutreachNanoLSI Administration Office, Nano Life Science Institute (WPI-NanoLSI)Kanazawa UniversityKakuma-machi, Kanazawa 920-1192, JapanEmail: [email protected]: +81 (76) 234-4555
About Nano Life Science Institute (WPI-NanoLSI), Kanazawa University
Understanding nanoscale mechanisms of life phenomena by exploring “uncharted nano-realms”
Cells are the basic units of almost all life forms. We are developing nanoprobe technologies that allow direct imaging, analysis, and manipulation of the behavior and dynamics of important macromolecules in living organisms, such as proteins and nucleic acids, at the surface and interior of cells. We aim at acquiring a fundamental understanding of the various life phenomena at the nanoscale.https://nanolsi.kanazawa-u.ac.jp/en/
About the World Premier International Research Center Initiative (WPI)
The WPI program was launched in 2007 by Japan’s Ministry of Education, Culture, Sports, Science and Technology (MEXT) to foster globally visible research centers boasting the highest standards and outstanding research environments. Numbering more than a dozen and operating at institutions throughout the country, these centers are given a high degree of autonomy, allowing them to engage in innovative modes of management and research. The program is administered by the Japan Society for the Promotion of Science (JSPS).
See the latest research news from the centers at the WPI News Portal: https://www.eurekalert.org/newsportal/WPI
Main WPI program site: www.jsps.go.jp/english/e-toplevel
About Kanazawa University
As the leading comprehensive university on the Sea of Japan coast, Kanazawa University has contributed greatly to higher education and academic research in Japan since it was founded in 1949. The University has three colleges and 17 schools offering courses in subjects that include medicine, computer engineering, and humanities.
The University is located on the coast of the Sea of Japan in Kanazawa – a city rich in history and culture. The city of Kanazawa has a highly respected intellectual profile since the time of the fiefdom (1598-1867). Kanazawa University is divided into two main campuses: Kakuma and Takaramachi for its approximately 10,200 students including 600 from overseas.http://www.kanazawa-u.ac.jp/e/
View original content:https://www.prnewswire.co.uk/news-releases/kanazawa-university-research-biochemical-tails-tell-a-story-302125876.html
Artificial Intelligence
Geek+ and System Teknik deploy first PopPick solution in the Nordics for the pharmacy group Med24.dk
DUSSELDORF, Germany, April 24, 2024 /PRNewswire/ — Geekplus, the global leader in mobile robot and smart logistics solutions, has deployed the first Shelf-to-Person PopPick project in the Nordics for one of the biggest online pharmacy wholesalers in the region, Med24.dk. System Teknik partnered on the Denmark project, which includes three PopPick stations and 30 Shelf-to-Person robots, bringing a flexible solution to a region where fixed automation still dominates.
“With the rise of e-commerce, Med24.dk had been struggling with huge sales growth coupled with fast delivery demands from customers in Denmark, Norway, Sweden searching for pharmacy, health and beauty products. Peak season events had also caused considerable strain to their operations,” said Blond Shkodrani, channel partner manager for the Nordics at Geekplus. “Due to their overwhelming success, Med24.dk needed a modular, automated order fulfillment solution for fast, efficient order fulfillment.”
The Geekplus modular Shelf-to-Person solution optimizes warehouse operations using mobile robots to transport shelves. In a region where fixed and cubic solutions have been the trend during recent years, Shelf-to-Person handles goods of all sizes while removing the need for infrastructure investment, making it the most flexible response to order fulfillment challenges.
PopPick workstations use two retrieval arms and four presentation locations to present pickers with multiple, moveable 78-tote racks at one time, resulting in an industry-leading throughput of 450 totes per hour. PopPick can store goods of all types and sizes; the solution is not limited to small pieces and improves ergonomics for workers while picking. It also takes up less space than traditional systems, so customers can use more stations without adding facility space.
“We are very pleased to invest in flooring robots from Geekplus,” said Med24.dk CEO Nils Træholt. “We believe that this new and innovative technology can help us realize our growth ambitions, while maintaining good delivery times for the benefit of our customers.”
Morten Kirch, System Teknik’s CSO, added: “Due to Med24.dk’s growth, we are thrilled to be able to deliver a tailor-made, automated solution that matches their needs.”
Geekplus offers a suite of Goods-to-Person mobile order fulfillment solutions — the only comprehensive robotic offering controlled by a single software platform.
“Through trusted partners like System Teknik, we’re showing customers all over Europe that Geekplus truly is a one-stop shop for modular warehouse automation,” Shkodrani said.
Photo – https://mma.prnewswire.com/media/2395198/Med24_Geekplus_PopPick.jpg Logo – https://mma.prnewswire.com/media/2373458/Geekplus_logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/geek-and-system-teknik-deploy-first-poppick-solution-in-the-nordics-for-the-pharmacy-group-med24dk-302125816.html
Artificial Intelligence
VdoCipher’s Video Piracy Tracker Engine Blocks 60,000+ Pirates on 700+ Platforms
The company has global footprints across 120+ countries, serves over 10,000+ content creators, and educators across 3,000+ platforms
GURUGRAM, India, April 24, 2024 /PRNewswire/ — VdoCipher, a leading provider of video player and piracy protection solutions for content creators, e-learning, and media platforms, has announced significant success in combating video piracy with its latest innovation, the Piracy Tracker Engine. In just six months, this cutting-edge technology has blocked over 60,000 piracy attempts across 700+ content platforms, reinforcing VdoCipher’s commitment to safeguarding digital content and revenues.
For over eight years, VdoCipher has been pioneering DRM Encryption and Dynamic Watermark technologies, offering robust security solutions to content creators worldwide. Six months ago, the company introduced the Piracy Tracker and Hacker Identification Engine, aimed at identifying and blocking piracy attempts. This innovative solution targets various forms of piracy, including DRM breaches, credential sharing, and illegal clone applications.
VdoCipher, with a significant presence across the European market, serves over 10,000+ content creators across 3,000 platforms. Vibhav Sinha, CTO, VdoCipher, commented, “Every year we try to add an additional layer of technology to our security stack. Adding to strong Video DRM encryption, we now identify a combination of 12 viewer behavior patterns using our secure player. We provide an easy-to-use dashboard for our customers to get all piracy info. Some of the popular e-learning platforms have already made use of this tool to catch hackers, grow users, and enhance their revenues.”
The proliferation of internet video piracy tools poses a significant challenge, particularly in Europe. Recent statistics reveal that streaming accounted for 58% of piracy in the EU in 2022, with downloading comprising 32%. Top 10 popular global video downloaders have 110+ Million users.
Additionally, a report analyzing online piracy facts worldwide shows that Europeans have the biggest piracy problem (45.72%). In Italy, Spain, Portugal, Germany, UK and France, film piracy has soared during the Covid19 pandemic. Moreover, Telegram and other platforms have facilitated the widespread dissemination of pirated content, with hundreds of groups each having over 10,000 users leaking course videos.
In the past six months, VdoCipher’s Piracy Tracker Engine has yielded impressive results:
63,210 sessions blocked for potential piracy attempts.12,330 unique devices/IPs blocked.1,690 users were detected for credential misuse.384 user accounts proactively blocked based on piracy data.Legal actions were initiated against 5 users.Siddhant Jain, CEO of VdoCipher, emphasized, “One problem in online education and the content creator economy that no one talks about is video piracy. Video piracy robs creators of revenue but also robs students of learning from good-quality teachers. Teachers fear putting their best content online due to piracy; so ultimately, it also harms the student community. At VdoCipher, with our video hosting solutions, it is our mission to bring more educators and content creators online by ensuring that they do not lose revenues due to online piracy; at the same time, viewers across the globe have the best viewing experience.”
Contact: Siddhant [email protected]
Logo: https://mma.prnewswire.com/media/2394780/VdoCipher_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/vdociphers-video-piracy-tracker-engine-blocks-60-000-pirates-on-700-platforms-302124573.html
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