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Saudi Arabia Operational Technology Markets Report 2022: Growing Industrialization Activities and Rising Demand for Smart Automation Solutions

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Dublin, June 07, 2022 (GLOBE NEWSWIRE) — The “Saudi Arabia Operational Technology Market, By Component (Solutions v/s Services), By Solutions (Firewall, Antivirus/Antimalware, Risk & Compliance Management, Others), By Services, By Security Type, By Deployment Mode, By Region, Competition Forecast & Opportunities, 2027” report has been added to ResearchAndMarkets.com’s offering.

Saudi Arabia operational technology market is anticipated to register robust growth during the forecast period.

The factors attributing to the growth are growing industrialization activities and rising demand for smart automation solutions. The rise in adoption of the Internet of Things (IoT), safety instrumented services, and technical advancements in hardware and software are expected to propel the growth of Saudi Arabia operational technology market.

Operational technologies are widely used in industrial control systems to ensure the smooth functioning of industries and organizations and eliminate redundancy, which is expected to drive the Saudi Arabia operational technology market. The COVID-19 pandemic positively influenced the Saudi Arabia operational technology market as the restrictions and imposition of country-wide lockdown made organizations shift towards operational technologies.

The increasing cybersecurity attacks on operational technology led to the establishment of the “Operational Technology Cyber Security Alliance (OCTSA)”, which is anticipated to provide more opportunities for the operational technology market growth in Saudi Arabia. However, disruptions in supply chains and a lack of efficient government initiatives could restrain the growth of Saudi Arabia operational technology market.

The Saudi Arabia operational technology market is segmented by component, security type, deployment mode, region, and company. On the basis of deployment mode the market can be divided into on-premises and cloud. The cloud segment is expected to dominate the Saudi Arabia operational technology market due to the growing need for safe data storage and greater scalability of the cloud.

Besides, emerging technologies like artificial intelligence, big data, machine learning, etc., are further boosting cloud adoption in the country, contributing to the growth of Saudi Arabia operational technology market.

Companies are focusing on the strategies such as expansions, and collaborations to stay ahead in the Saudi Arabia operational technology market.

Objective of the Study:

  • To analyze the historical growth in the market size of Saudi Arabia operational technology market from 2017 to 2021.
  • To estimate and forecast the market size of Saudi Arabia operational technology market from 2022E to 2027F and growth rate until 2027F.
  • To classify and forecast Saudi Arabia operational technology market based on component, security type, deployment mode, competitional landscape, and regional distribution.
  • To identify dominant region or segment in the Saudi Arabia operational technology market.
  • To identify drivers and challenges for Saudi Arabia operational technology market.
  • To examine competitive developments such as expansions, new solutions and services, mergers & acquisitions, etc., in Saudi Arabia operational technology market.
  • To identify and analyze the profile of leading players operating in Saudi Arabia operational technology market.
  • To identify key sustainable strategies adopted by market players in Saudi Arabia operational technology market.

Companies Featured

  • Palo Alto Networks, Inc
  • Cisco Systems, Inc
  • IBM Corporation
  • Fortinet, Inc
  • Checkpoint Software Technologies Ltd.
  • McAfee Corporation
  • Technologies
  • FireEye Inc
  • Accenture, Inc.
  • Trend Micro, Inc.
  • CyberArk Software, Inc.
  • Imperva, Inc.
  • Proofpoint Inc.
  • CrowdStrike, Inc.
  • Sophos Group, plc.

Report Scope:

Years considered for this report:

  • Historical Years: 2017-2020
  • Base Year: 2021
  • Estimated Year: 2022E
  • Forecast Period: 2023F-2027F

Saudi Arabia Operational Technology Market, By Component:

  • Solutions
  • Firewall
  • Antivirus/Antimalware
  • Risk & Compliance Management
  • Identity & Access Management
  • Firewall
  • Intrusion Detection/Prevention System
  • DDOS Prevention
  • Encryption & Decryption
  • Data Loss Prevention
  • Others
  • Services
  • Managed Services
  • Professional Services

Saudi Arabia Operational Technology Market, By Security Type:

  • Endpoint Security
  • Network Security
  • Cloud Security
  • Application Security
  • Others

Saudi Arabia Operational Technology Market, By Deployment Mode:

  • On-Premises
  • Cloud

Saudi Arabia Operational Technology Market, By Region:

  • Northern & Central
  • Southern
  • Eastern
  • Western

For more information about this report visit https://www.researchandmarkets.com/r/u8um2i


GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Artificial Intelligence

Erste Asset Management Selects Clearwater Analytics to Help Support Business Growth

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Clearwater Will Aggregate Multi-Asset Client Investment Data, Help Increase Asset Flows and Strengthen Client Service
BOISE, Idaho and VIENNA, May 14, 2024 /PRNewswire/ — Clearwater Analytics (NYSE: CWAN), a leading worldwide provider of SaaS-based investment management, accounting, reporting, and analytics solutions, today announced that Erste Asset Management GmbH, part of Erste Group Bank AG, has joined its community of European buy-side clients. Erste Asset Management (Erste AM) is one of the leading asset managers in Central and Eastern Europe managing €81.4 billion in assets for a broad client base including pension plans.

Erste AM has chosen Clearwater’s cloud-native client reporting platform following a rigorous RFP selection process. By leveraging the Clearwater PRISM platform, Erste AM will be able to provide highly customized digital client experiences. Additionally, clients will have the ability to configure insights and analytics as well as access data in a self-service manner, allowing for quick reporting changes when needed.
“We are dedicated to surpassing customer expectations and providing exceptional client reporting across all channels,” said Winfried Buchbauer, COO and Board Member of Erste Asset Management. “Clearwater stood out from other solutions due to its flexible and cloud-native client reporting solution. Clearwater PRISM will allow us to easily tailor reports to our clients’ needs. With a comprehensive view of data, insights, and relevant analytics, our team is empowered to help differentiate our offerings in the market.”
“We understand the importance of this project to Erste Asset Management and are appreciative of the trust they have placed in us to deliver for their employees, stakeholders and clients,” expressed Keith Viverito, General Manager of EMEA and APAC at Clearwater Analytics. “This partnership underscores the best-in-class client reporting capabilities of our Clearwater PRISM platform. By bridging a critical industry gap, PRISM empowers firms like Erste Asset Management to centralize reporting across multiple systems, simplifying and modernizing the operating model and unlocking opportunities for differentiation and significantly enhanced client reporting experiences.”
Clearwater PRISM is a leading data management and client reporting platform for firms that want a comprehensive view of their portfolios across multiple platforms and all asset types. Leading organizations are making Clearwater PRISM an integral part of their investment data management strategy. To learn more about Clearwater PRISM, speak to an expert today.
About Erste Asset Management
Erste Asset Management (Erste AM) coordinates, and is responsible for, all asset management activities within Erste Group Bank AG. At our offices in Austria, Croatia, Czech Republic, Germany, Hungary, Romania and Slovakia, we manage assets of EUR 81.4 bn (31.03.2024).
About Clearwater Analytics
Clearwater Analytics (NYSE: CWAN), a global, industry-leading SaaS solution, automates the entire investment lifecycle. With a single instance, multi-tenant architecture, Clearwater offers award-winning investment portfolio planning, performance reporting, data aggregation, reconciliation, accounting, compliance, risk, and order management. Each day, leading insurers, asset managers, corporations, and governments use Clearwater’s trusted data to drive efficient, scalable investing on more than $7.3 trillion in assets spanning traditional and alternative asset types. Additional information about Clearwater can be found at clearwateranalytics.com.
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ASSA ABLOY hosts its Capital Markets Day

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STOCKHOLM, May 14, 2024 /PRNewswire/ — Today, Tuesday 14 May, starting at 13:30 CEST, ASSA ABLOY hosts its Capital Markets Day in Prague, Czech Republic, where Nico Delvaux, President & CEO and Erik Pieder, CFO, will provide an update on ASSA ABLOY’s strategy and direction. This will include an overview of strategic activities that ASSA ABLOY is working on to continue to grow the business profitably. The financial targets of an EBIT-margin of 16-17% and an annual sales growth of 10% over a business cycle are re-confirmed. No detailed outlook statement will be made.

The CMD will also include an overview of Global Technologies’ business unit Global Solutions, the recently acquired Hardware and Home Improvement (HHI) as well as an overview of the Entrance Systems division.  
Speakers during the day are Stephanie Ordan, Head of Global Solutions, Tim Goff, Head of Americas Residential (HHI) and Massimo Grassi, Head of Entrance Systems.
The CMD will continue tomorrow with a site visit at our cylinder factory in Rychnov, Czech Republic.
Some of the material from the CMD will be made available on our website www.assaabloy.com/group/en/investors a couple of days after the event.
For more information, please contact:Carl Wahlberg, Investor Relations OfficerPhone: +46 (0) 733 27 27 [email protected]
This information was brought to you by Cision http://news.cision.com
https://news.cision.com/assa-abloy/r/assa-abloy-hosts-its-capital-markets-day,c3972444
 

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HTX Ventures Invests in ChainML, Developer of Theoriq AI Agent Protocol, to Support Decentralized AI Agent Protocol Development

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SINGAPORE, May 14, 2024 /PRNewswire/ — With a commitment to broadening the reach and usability of blockchain technologies, HTX Ventures, the global investment arm of the cryptocurrency exchange HTX, has announced a strategic investment in ChainML, a Silicon Valley-based AI and ML development and research lab that recently unveiled its groundbreaking Agentic Base Layer, Theoriq.

ChainML recently raised $6.2 million during its Super Seed funding round, led by Hack VC. The funding underscores the confidence and excitement surrounding ChainML’s vision to seamlessly integrate AI into the decentralized world of blockchain and revolutionize the AI landscape. By providing a platform like Theoriq for limitless AI innovation, built on the principles of composability, extensibility, and community-driven governance, ChainML promises to offer an unmatched ecosystem for deploying sophisticated AI agents that leverage Web3 technology to ensure transparency, security, and efficiency.
Theoriq’s axioms, based on principles of social evolution and implemented with blockchain, lay the foundation for continuously improving, community-governed AI systems.
Key features include:
Agentic Primities: Fundamental elements in the ecosystem that facilitate autonomous interaction, embodying roles, behaviors, and functions that contribute directly to an agent’s capacity to operate independently within its environment.Modular Composability: Allowing developers to craft tailored AI solutions that can combine and be recombined to create sophisticated systems to evolve and adapt over time.Community Permissioned Governance: Ensuring that decision-making authority is vested in a diverse group of community stakeholders who actively contribute to and provide feedback on the quality of AI agents, ensuring that the technology aligns with collective goals and values.Edward, Managing Partner at HTX Ventures, said “ChainML’s Theoriq is an innovative platform that provides an actionable solution for AI agents to interact interchangeably, packed with more autonomy and capability. The platform paves the way for the future of AI, we are excited to be part of this journey.”
“Today marks a pivotal moment for ChainML and for the broader AI and Web3 communities,” said Ron Bodkin, Co-founder & CEO of ChainML. “With Theoriq, we’re not just launching a product—we’re spearheading a movement towards a transparent, community-governed AI ecosystem. HTX Ventures’ support will be instrumental as we unlock new potentials for AI integration within the decentralized space.”
HTX Ventures is excited to support innovative projects like ChainML, which combine AI development with blockchain to explore new synergies. Users can interact with the Theoriq testnet this summer by joining the waitlist.
Contact DetailsMichael [email protected]
Company Websitehttps://www.htx.com/en-us/ventures
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