Artificial Intelligence
C4ISR Market – Growth, Trends, COVID-19 Impact, and Forecast (2022 – 2027)
New York, May 19, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “C4ISR Market – Growth, Trends, COVID-19 Impact, and Forecast (2022 – 2027)” – https://www.reportlinker.com/p06279494/?utm_source=GNW
According to the Stockholm International Peace Research Institute (SIPRI), the global military expenditure reached a total of USD 2.113 trillion in 2021, increasing by about 0.7% compared to the same in 2020. Such high expenditure indicates the negligible impact the COVID-19 pandemic had on defense systems development and procurements. The growth in military spending is expected to drive the prospects of the market in focus.
On the other hand, the factors like growing terrorism, threats from adversaries, and increasing global territorial tensions around the world, are propelling the militaries to enhance their battlefield data-sharing capabilities. The growing demand for asymmetric warfare, along with increasing demand for advanced technologies like network-centric battle management and unmanned vehicles, is expected to accelerate the growth of the market during the forecast period.
There is a growing emphasis on increasing investments toward integrating advanced technologies like machine learning and artificial intelligence into C4ISR solutions to enhance the efficiency and situational awareness of military personnel. This is also expected to propel market growth in the coming years.
Key Market Trends
Increasing Investments to Enhance the Space-based C4ISR Capabilities
With the emergence of several space-based systems that can replace the traditional C4ISR architecture, several countries are allocating certain expenditures into such programs in the defense spending plans. Space-based C4ISR capabilities have become important for the global armed forces, as they offer a technological edge over adversaries. The advent of small satellites that offer the same performance as compared to the traditional satellites while contributing to cost savings is driving the investments into the space-based C4ISR systems. The US government is currently planning to invest in the development of small satellite constellations in low-earth orbit (LEO) to obtain enhanced space-based situational awareness capabilities. These investments aim to overcome the shortcomings of traditional large satellite and airborne sensors that cannot provide continuous surveillance. In April 2022, SpaceX launched a clandestine spy satellite for the U.S. National Reconnaissance Office (NRO). The NRO operates the United States’ fleet of spy satellites. The Pentagon’s Space Development Agency is especially interested in lightweight laser communications terminals for the fleet of LEO satellites it plans to deploy over the next few years. Also, the advent of high-altitude pseudo satellites (HAPS), which incorporates the best aspects of terrestrial and satellite-based communication systems, bridged the gap between drones and satellites in terms of coverage and cost. In February 2021, India’s Hindustan Aeronautics Limited (HAL) announced that it is developing a futuristic high altitude pseudo satellite with a local start-up company to enhance the C4ISR capabilities of the Indian armed forces. Such developments are expected to augment the prospects of the Space-based C4ISR segment during the forecast period.
North America Held the Largest Market Share in 2021
North America has the highest market share among all the regions in 2021 due to the huge emphasis of the US armed forces on enhancing their C4ISR capabilities. The United States is the largest military spender in the world. In 2021, the US defense spending crossed the 800 billion mark for the first time in its history to reach USD 801 billion. It accounted for 38% of the global total military spending., according to SIPRI. The US armed forces plan to enhance their C4ISR capabilities to obtain a decisive advantage over their adversaries amidst the ongoing race for technological superiority. Hence, the country is investing huge amounts into the development of advanced C4ISR solutions, which has become one of the key priorities of the warfare strategy of the United States. The US government is also focusing on the expansion and modernization of the existing fleet of land, air, and sea platforms with advanced communication and situational awareness systems. For instance, as of December 2021, the United States Northern Command and the Space Force marked the completion of construction on the long-range discrimination radar site at Clear Space Force Station, Alaska. The new radar is designed to track incoming ballistic missiles better. Similarly, Canada also has plans to invest significantly in the procurement of battlespace situational awareness tools, navigation systems, and portable communications systems, among others, in the coming years. For instance, in April 2022, Canada announced its plans to invest a total of CAD 1 Billion to build a radar system in Southern Canada. The system would keep watch on the Arctic airspace to detect threats against the major United States and Canadian cities. Such modernization plans to enhance the capabilities of the armed forces in the region are expected to propel the growth of the market during the forecast period.
Competitive Landscape
The C4ISR market is fragmented, with many international and regional players supporting the armed forces around the world. Some of the prominent players in the C4ISR market are Northrop Grumman Corporation, Raytheon Technologies Corporation, L3Harris Technologies Inc, Thales Group, and General Dynamics Corporation. The companies are formulating new strategies to expand their presence in various regions and capture new contracts from the armed forces. The players in the market are actively participating in forming JVs and partnerships with the local manufacturers to expand their presence in other regions. In addition to such plans, investments into R&D for the development of C4ISR systems that are integrated with technologies like AI and quantum networking are also anticipated to help the companies attract new customers and increase their share in the market in the coming years.
Additional Benefits:
The market estimate (ME) sheet in Excel format
3 months of analyst support
Read the full report: https://www.reportlinker.com/p06279494/?utm_source=GNW
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HONG KONG, May 27, 2024 /PRNewswire/ — Computime Group, a leading innovator in manufacturing, branded products and technology solutions, is proud to announce the upcoming launch of one of the first true Matter thermostats. This milestone highlights our commitment to pioneering smart home technology and providing our OEM and ODM customers with state-of-the-art solutions.
Matter is set to revolutionize the Internet of Things (IoT) landscape as the next-generation standard for connected devices. Developed by the Connectivity Standards Alliance, Matter offers an open, universal protocol that is not bound to any single ecosystem, providing consumers with unparalleled freedom and flexibility. It ensures privacy-sensitive, secure, and reliable local controls without the need for cloud dependency, addressing the growing demand for enhanced privacy and security in smart home devices.
The key principles driving Matter’s development include simplicity, reliability, interoperability, and security. By ensuring that all Matter-certified devices work seamlessly together, Matter eliminates the complexities often associated with smart home technology. This leads to greater compatibility, easier setup, and more robust user experiences across various device types, including thermostats.
Computime’s Matter thermostat represents a significant advancement in smart home technology, providing our customers with cutting-edge solutions and a short lead time to market, to meet the growing demand for interconnected and efficient home environments. We invite our customers to explore the capabilities of our new thermostat solutions. Computime’s extensive expertise in developing and manufacturing smart home devices ensures that our customers receive high-quality, reliable products with a short lead-time that stand out in the competitive market.
CONTACT: Computime Group, [email protected]
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MADRID, May 27, 2024 /PRNewswire/ — Global Voice Group (GVG) now features as one of the top 100 Africa-focused innovative RegTech organizations that are set to power Africa to a $1 billion market size by 2025.
This acknowledgment bears witness to GVG’s compliance monitoring capabilities within the Mobile Money (MM) ecosystem. GVG developed the Mobile Money Monitoring (M3) solution, an intelligent data platform that supports East African regulatory authorities in monitoring the fast-expanding MM market. Through M3, the authorities can ensure the security and integrity of the related financial transactions, as well as transparency and compliance, for enhanced revenue assurance. M3 currently monitors approximately 25% of the financial flows passing through MM platforms in East Africa, verifying over 90 billion USD worth of transactions annually.
Moreover, the platform is also in use in Central and West Africa, in the Republic of Congo and in Ghana. In Congo, M3 has brought the local telecommunications regulator, the ARPCE, 100% visibility and control over all utility payments made via Mobile Money to the government. In Ghana, it has contributed to an average annual growth of 20% in revenue since its deployment. Overall, M3 has captured, verified and analyzed 1 trillion USD in MM transaction value since 2014.
After demonstrating the relevance, effectiveness, and innovation of the M3 solution to the jury, composed of recognized leaders of the Regtech industry, GVG was shortlisted and, following the voting phase, earned a place on the prestigious list. The M3 platform uses machine learning to ensure effective oversight of the MM market, ensure regulatory compliance and detect suspicious transactions. Since its first implementation in 2013, GVG’s M3 solution has provided the relevant regulatory authorities with reliable MM ecosystem metrics to support data-driven decision-making, promote compliance within the market, and reduce fraud and revenue leakage.
Responding to the announcement, James Claude, GVG’s CEO, declared: “It is with a great sense of achievement that I see GVG featuring among the 100 top RegTech providers in Africa. On behalf of the whole company, I sincerely thank Africa RegTech Horizon, as well as our voters, for supporting us in what we do best: providing governments and regulatory authorities with the market insights they need to address the challenges related to the fast-expanding financial ecosystem.”
The Africa RegTech Horizon-100 list is a directory of African RegTech companies and solution providers compiled to showcase the products and services of the latter, as well as assist financial institutions, regulators, and governments in identifying high-performing and trustworthy RegTech providers.
About GVG
Founded in 1998 and present in 11 countries, Global Voice Group is a global provider of ICT and RegTech solutions for governments and regulatory bodies. GVG assists governments and authorities, through Big Data analytics, in their digital transformation and the effective promotion of compliant and truly inclusive digital ecosystems. The company monitors, collects and analyses data from crucial economic sectors and turns it into actionable information. We promote data-driven decision-making.
Discover GVG’s website: www.globalvoicegroup.com
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View original content:https://www.prnewswire.co.uk/news-releases/gvg-featured-on-the-2024-africa-regtech-horizon-100-list-302155235.html
Artificial Intelligence
Unlock an Exclusive Olympic Experience: Celebrating Live4Well’s Sold-Out Genesis NFT
HONG KONG, May 25, 2024 /PRNewswire/ — The buzz surrounding Live4Well’s successful Genesis NFT membership launch on May 23 has captivated both traditional and web3 communities. Combining the power of AI technology and decentralized physical infrastructure (DePin) concept, Live4Well has infused new life into the NFT market. The overwhelming response to their first NFT sales, showcases the project’s immense potential. Renowned web3 community leaders from Azuki, Bored Ape, Pudgy Penguins, WELL3, etc have joined forces with Live4Well, propelling the Genesis NFT membership collection to its resounding success.
Live4Well aims to transform the wellness industry by creating a reward-based infrastructure that connects global fitness data, enhances their AI database, and drives the development of sports and wellness. Backed by a multi-billion family office, which recently invested $20 million in Live4Well, the project has gained support in both web3 and traditional spaces. The team believes that every drop of sweat and effort toward better health should be rewarded, fostering motivation and integrating exercise into daily lives for enhanced well-being.
Live4Well’s announcement of an Olympic-themed raffle for Genesis NFT holders reflects their commitment to connecting wellness between Web2 and Web3 platforms. This testament to Live4Well’s demand and innovative vision solidifies their position as a promising leader in the industry. Their integration of the Olympic signifies their determination to inspire a global audience, leveraging blockchain technology to create an immersive ecosystem that revolutionizes how individuals engage with fitness on a daily basis for better health. Live4Well’s dedication to bridging the gap between traditional practices and the digital landscape sets them apart as pioneers in promoting well-being on a global scale.
What is Genesis NFT membership?
The Genesis NFT unlocks a multitude of benefits for holders, including the opportunity to cash out their sportive income and access a range of exclusive physical products and services. In addition to future airdrops and angel round whitelist privileges, Genesis holders will receive VIP tailor-made product packs from an innovative German sportswear company, elevating their exercise performance to new heights. With over 400 million sweat points farmed by their users, they are eager to redeem through the Genesis NFT membership. These enticing incentives explain why there was a widespread eagerness to participate in this thrilling event.
Unlike typical projects that raise funds before launching products or services, Live4Well has already released its AI-powered app, amassing over 250,000 users as a community base actively engaging in daily exercise. This early success has fostered a promising community within the wellness industry, as users trust Live4Well’s roadmap and collaborative ventures. The growing traction from both ordinary individuals and web3 enthusiasts has intensified the demand for redeeming and cashing out sweat points, the project’s exercise-based rewards. Obtaining the Genesis NFT membership is now seen as an essential step for accessing the highest tier of benefits and cashing out sportive income.
What’s next for Live4Well?
Following the Genesis sales, Live4Well’s team will shift their focus to the upcoming token generation event (TGE) and a series of farming events. They also have exciting plans for partnerships and other collaborations in the global wellness and fitness industries. If you missed the initial launch, be sure to stay updated on Live4Well’s journey and join this extraordinary revolution.
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View original content:https://www.prnewswire.co.uk/news-releases/unlock-an-exclusive-olympic-experience-celebrating-live4wells-sold-out-genesis-nft-302155644.html
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