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Technological Advances to Dictate Predictive Maintenance Strategies in Power Industry| GlobalData Plc

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LONDON, June 16, 2022 (GLOBE NEWSWIRE) — The emergence and swift growth of innovative technologies such as the Internet of Things (IoT), artificial intelligence (AI), augmented and virtual reality (AR/VR), big data, and cloud computing have shaped the maintenance strategies of the power industry. The base measurement technologies for predictive maintenance such as vibration monitoring and thermal imaging have also improved, as huge amounts of data and analytical capabilities are available, thanks to the rise in digital transformation projects across the power industry.

The Predictive Maintenance in Power – Thematic Research report offered by GlobalData Plc provides comprehensive information about the predictive maintenance value chain, its role within the power value chain, and the corresponding participation of major players.

Key Power Trends Impacting the Predictive Maintenance Theme

  • Cost pressure
  • Streamlining maintenance activities
  • Aging infrastructure
  • Shortage of skilled workforce
  • COVID-19

For more insights on key power trends impacting the predictive maintenance market in the power industry, download a free report sample

Key Technology Trends Impacting the Predictive Maintenance Theme

  • Digitization
  • Digital twin
  • Internet of Things
  • Combining multiple technologies
  • Data analytics
  • Augmented & virtual reality

For more insights on key technology trends impacting the predictive maintenance market in the power industry, download a free report sample

Key Macroeconomic Trend Impacting the Predictive Maintenance Theme

  • Enhanced Sustainability

Predictive maintenance enables companies to minimize production risk by eliminating unforeseen outages. Enterprise-level utilization of predictive maintenance solutions can help companies to collect a significant amount of data for a maintenance schedule without altering their regular production practices. This will, in turn, help power companies drive down operational costs and will improve operational efficiencies along with profitability

For more insights on key macroeconomic trends impacting the predictive maintenance market in the power industry, download a free report sample

Predictive Maintenance Value Chain in Power Industry

  • Device layer
  • Connectivity layer
  • Data layer
  • Services layer
  • App layer

The device layer majorly involves hardware manufacturers that collect and analyze data on machinery vibrations, heat signatures, metrology, and several other metrics. The companies that cater to this segment include makers of semiconductors and electronic devices (such as sensors, transducers, probes, and thermal imaging systems) and manufacturers of instrumentation for the measurement and analysis of sensor data.

For more insights on value chains in the predictive maintenance market, download a free report sample

Leading Power Utility Companies Associated with Predictive Maintenance Theme

  • Enel
  • EDF Energy
  • Duke Energy
  • E.ON
  • Southern Company
  • American Electric Power (AEP)

To know more about leading power utility companies in the predictive maintenance market, download a free report sample

Leading Power System Service Companies Associated with Predictive Maintenance Theme

  • Aker Solutions
  • Baker Hughes-GE
  • Halliburton
  • DNV

To know more about leading power system services companies in the predictive maintenance market, download a free report sample

Predictive Maintenance Market Overview in Power Industry

Key Power Trends Cost Pressure, Streamlining Maintenance Activities, Aging Infrastructure, Shortage of Skilled Workforce, and COVID-19
Key Technology Trends Digitalization, Digital Twin, The Internet of Things, Combining Multiple Technologies, Data Analytics, and Augmented & Virtual Reality
Key Macroeconomic Trends Enhanced Sustainability
Key Value Chains Device Layer, Connectivity Layer, Data Layer, Services Layer, and App Layer
Leading Power Utility Companies Enel, EDF Energy, Duke Energy, E.ON, Southern Company, and American Electric Power (AEP)
Leading Power System Service Companies Aker Solutions, Baker Hughes-GE, Halliburton, and DNV

Predictive Maintenance in Power Thematic Report Scope

  • Overview of the evolution of predictive maintenance as a theme and key technologies employed.
  • Review of the application of predictive maintenance strategies in the power industry.
  • Detailed analysis of the predictive maintenance value chain, its role within the power value chain, and corresponding participation of major players.
  • Highlighting the various industry, technology, and macroeconomic trends influencing the predictive maintenance theme.
  • Assessment of the strategies and initiatives adopted by power companies to gain a competitive advantage in this theme.

Reasons to Buy

  • Identify the key industry, technology, and macroeconomic trends impacting the predictive maintenance theme.
  • Deployment of predictive maintenance strategies in the power industry.
  • Understand the predictive maintenance value chain and the key players in it.
  • Identify and benchmark key power utility players and power system services companies based on their competitive positioning in the predictive maintenance theme.

FAQs

What are the key power trends impacting the predictive maintenance theme in the power industry?

The key power trends that will impact the predictive maintenance market in the power industry are cost pressure, streamlining maintenance activities, aging infrastructure, shortage of skilled workforce, and COVID-19.

What are the key technology trends impacting the predictive maintenance theme in the power industry?
The key technology trends that will impact the predictive maintenance market in the power industry are digitalization, digital twin, the internet of things, combining multiple technologies, data analytics, and augmented & virtual reality.

What are the key macroeconomic trends impacting the predictive maintenance theme in the power industry?

The key macroeconomic trend that will impact the predictive maintenance market in the power industry is enhanced sustainability.

What are the key value chains of the predictive maintenance market in the power industry?

The predictive maintenance value chain in the power industry can be categorized into the device layer, connectivity layer, data layer, services layer, and app layer.

Which are the leading power utility companies associated with predictive maintenance theme?

The leading power utility companies associated with the predictive maintenance market are Enel, EDF Energy, Duke Energy, E.ON, Southern Company, and American Electric Power (AEP).

Which are leading power system services companies associated with predictive maintenance theme?
The leading power system services companies associated with the predictive maintenance market are Aker Solutions, Baker Hughes-GE, Halliburton, and DNV.

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About us

GlobalData is a leading provider of data, analytics, and insights on the world’s largest industries. In an increasingly fast-moving, complex, and uncertain world, it has never been harder for organizations and decision makers to predict and navigate the future. This is why GlobalData’s mission is to help our clients to decode the future and profit from faster, more informed decisions. As a leading information services company, thousands of clients rely on GlobalData for trusted, timely, and actionable intelligence. Our solutions are designed to provide a daily edge to professionals within corporations, financial institutions, professional services, and government agencies.

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Artificial Intelligence

Military Cybersecurity Market to Reach $68.5 Billion, Globally, by 2033 at 15.4% CAGR: Allied Market Research

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PORTLAND, Ore., May 20, 2024 /PRNewswire/ — Allied Market Research published a report, titled, “Military Cybersecurity Market by Type (Endpoint Security Solutions, Network Security Solutions, Content Security Solutions), Deployment (On-Premises, Cloud), and Solution (Threat Intelligence and Response Management, Identity and Access Management, Data Loss Prevention Management, Security and Vulnerability Management, Unified Threat Management, Enterprise Risk and Compliance, Managed Security, Others): Global Opportunity Analysis and Industry Forecast, 2024-2033”. According to the report, the military cybersecurity market was valued at $15.7 billion in 2023, and is estimated to reach $68.5 billion by 2033, growing at a CAGR of 15.4% from 2024 to 2033.

The global military cybersecurity market is driven by factors such as growing demand for end-point security solutions and surge in cyber-attacks which are increasing need for military cybersecurity.
Prime Determinants of Growth
The global military cybersecurity market is driven by factors such as an increase in demand for defense IT expenditure. Adoption of IoT in cyber security technology provides lucrative growth opportunities. On the other hand, limited awareness related to cybersecurity is projected to hinder market growth.
Request Sample of the Report on Military Cybersecurity Market Forecast 2033
https://www.alliedmarketresearch.com/request-sample/A323349
(We are providing Military Cybersecurity Industry report as per your research requirement, including the Latest Industry Insight’s Evolution, Potential and Russia-Ukraine War Impact Analysis)
123 – Tables63 – Charts378 – PagesReport coverage & details:
Report Coverage 
Details 
Forecast Period
2023–2033
Base Year
2023
Market Size in 2023
$15.7 Billion
Market Size in 2033
$68.5 Billion
CAGR
15.4 %
No. of Pages in Report
324
Segments covered
Type, Deployment, Solution and Region.
Drivers 
Increase in demand for defense IT expenditure to drive the market growth.
Opportunities
Adoption of IoT in Cyber Security Technology
Restraints
Limited awareness related to cybersecurity is restricting the market growth
Procure Complete Report (323 Pages PDF with Insights, Charts, Tables, and Figures)https://www.alliedmarketresearch.com/checkout-final/military-cybersecurity-market-A323349
The endpoint security solutions segment to maintain its leadership status throughout the forecast period
Based on type, the endpoint security solutions segment held the highest market share in 2023, accounting for more than two-fifths of the global military cybersecurity market revenue and is estimated to maintain its leadership status throughout the forecast period.
Endpoint security solutions are undergoing continuous evolution to combat the ever-changing landscape of cybersecurity threats. One prominent trend is the widespread adoption of Endpoint Detection and Response (EDR) solutions. EDR offers real-time monitoring of endpoint activities, allowing for swift detection and response to advanced threats.
The on-premises segment to maintain its leadership status throughout the forecast period
Based on deployment, the on-premises segment held the highest market share in 2023, accounting for more than half of the global military cybersecurity market and is estimated to maintain its leadership status throughout the forecast period. However, the cloud segment is projected to manifest the highest CAGR of 15.88% from 2023 to 2033. Moreover, cloud computing offers advanced security features and capabilities that strengthen military cybersecurity defense. Leading cloud service providers invest heavily in robust security measures, such as encryption, identity and access management, and threat detection, to protect data and applications hosted in the cloud.
The identity and access management segment to maintain its leadership status throughout the forecast period
Based on solution, the identity and access management segment held the highest market share in 2023, accounting for nearly one-fifth of the global military cybersecurity market and is estimated to maintain its leadership status throughout the forecast period. Moreover,
Identity and access management (IAM) plays a crucial role in military cybersecurity by ensuring that only authorized personnel can access sensitive information and critical systems. IAM encompasses processes, policies, and technologies designed to manage digital identities, control access to resources, and protect against unauthorized access and insider threats.
North America to maintain its dominance by 2033
Based on region, North America held the highest market share in terms of revenue in 2023, accounting for more than half of the global military cybersecurity market revenue and is likely to dominate the market during the forecast period. The advancements in sensor technology, artificial intelligence, and communication systems have contributed to the evolution of military cybersecurity, enabling greater autonomy, flexibility, and effectiveness in engaging both stationary and moving targets with reduced collateral damage.
To Talk With Our Industry Expert @ https://www.alliedmarketresearch.com/connect-to-analyst/A323349
Leading Market Players:
AT&TBAE SystemsBoeingCisco Systems, Inc.DXC Technology CompanyEclecticIQ B.V.IBM CorporationIntel CorporationLockheed Martin CorporationNorthrop Grumman CorporationPrivacera, Inc.SentineIOneSecureworks, Inc.Thales GroupThe report provides a detailed analysis of these key players in the global military cybersecurity market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
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About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:
David Correa1209 Orange Street,Corporation Trust Center,Wilmington, New Castle,Delaware 19801 USA.USA/Canada (Toll Free):+1-800-792-5285UK: +44-845-528-1300Hong Kong: +852-301-84916India (Pune): +91-20-66346060Fax: [email protected] Web: www.alliedmarketresearch.com AMR Resource Center: https://www.alliedmarketresearch.com/resource-center
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Artificial Intelligence

Dahua Network Camera Series Obtains CC EAL 3+ Certificate

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HANGZHOU, China, May 20, 2024 /PRNewswire/ — Dahua Technology, a world-leading video-centric AIoT solution and service provider, is proud to announce that its network cameras have successfully obtained Common Criteria (CC) EAL 3+ certificate. This achievement demonstrates Dahua’s dedication to delivering secure and reliable solutions that comply with the industry’s highest information security standards and best practices.

The Evaluation Assurance Level (EAL) 3+ certificate, issued by the Common Criteria for Information Technology Security Evaluation (CC), represents a widely used industry standard for evaluating the security features of IT products and systems. It has been recognized by 31 member countries of the Common Criteria Recognition Arrangement (CCRA) organization, which consists of the United States, Germany, the United Kingdom, the Netherlands, Japan, etc.
As the most authoritative and influential information security standard worldwide, obtaining the CC EAL 3+ certificate verifies Dahua’s robust measures against potential security threats throughout the entire R&D, production, and delivery processes. This also signifies that Dahua’s information security management capabilities meet internationally recognized industry standards.
The certification process involves comprehensive testing and evaluation of Dahua’s development environment, production environment, supply chain, vulnerability assessment, personnel security, as well as many other aspects. The security evaluation is completed by SGS Brightsight, a globally renowned security assessment laboratory in the Netherlands and approved by the Netherlands Scheme for Certification in the Area of IT Security (NSCIB).
“At Dahua, we prioritize the security needs and trust of our customers above all else. With the addition of CC EAL 3+ certificate, customers can be confident that they are investing in a secure and reliable solution that delivers unparalleled peace of mind, safeguarding their assets and ensuring uninterrupted operations,” stated Max Xiang, IPC Product Director at Dahua Technology.
Dahua always follows best industry practices and maintains the highest standards of security across all aspects of the company’s operations. In addition to product security and privacy protection, Dahua implements strict quality control measures to strengthen supply chain security. Forging ahead, Dahua will remain dedicated to advancing the security industry through innovative and secure solutions, further enhancing its cybersecurity and data protection capabilities, and working with industry partners to build a trustworthy AIoT environment.
For more in-depth insights into Dahua’s cybersecurity practices, please visit www. dahuasecurity.com 
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Artificial Intelligence

AGI to Debut at COMPUTEX 2024

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TAIPEI, May 20, 2024 /PRNewswire/ — AGI Technology, a pioneering provider of high-performance storage solutions from Taiwan, will make its inaugural appearance at COMPUTEX 2024. This grant event will take place from June 4 to June 7 at the Taipei Nangang Exhibition Center, where AGI will be showcasing its latest innovations at Booth #J0218.

Event DetailsDate: June 4 – 7, 2024Time: 9:30 a.m. – 5:30 p.m.Location: Taipei Nangang Exhibition Center, Hall 1Booth: #J0218
AGI will present cutting-edge technology across three main themes:
Spotlight Innovations
– Supreme Pro TF138 2TB microSD: The world’s first 2TB microSD card, exclusively produced by AGI, sets a new standard in mass production and storage capacity.
– TURBOJET RGB DDR5 Series: This DDR5 series, featuring RGB lighting and a heat sink for overclocking, delivers exceptional performance.
– EDM38 Portable SSD for Mobile: A portable SSD with MagSafe-compatible magnetic attachment that offers lightweight portability.
Ultra-Spec Solutions
– SATA 8TB SSD: This 8TB SATA SSD is pushing the limits of consumer-grade storage, setting a new benchmark for capacity.
– PCIe 16TB SSD: A 16TB PCIe SSD that leads in the HMB domain, providing unmatched performance.
Customization Zone
AGI will showcase tailored storage solutions that meet unique customer needs.
We welcome you to visit AGI at Booth #J0218 to discover these innovations and explore collaboration opportunities.
About AGI
AGI is a leading provider of high-performance storage solutions, offering a range of innovative products that meet the evolving needs of its customers. With a commitment to delivering cutting-edge storage capacities and superior performance, AGI empowers its customers to achieve exceptional digital experiences.
Contact Information
Sales [email protected]+8862-27937256www.agi-gear.com 
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