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Smart Port Market Worth $5.7 Billion by 2027 – Exclusive Report by MarketsandMarkets™

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Chicago, Aug. 22, 2022 (GLOBE NEWSWIRE) — Smart Port Market is projected to grow from USD 1.9 billion in 2022 to USD 5.7 billion by 2027, at a CAGR of 24.3%, according to a new report by MarketsandMarkets™. Growing maritime trade activities internationally across industries, Growing decarbonization of the maritime industry which increases the health benefit and reduce carbon emission globally, hence these are driving the demand for smart ports globally. As the real-time geospatial data improve a large number of port operations such as it improved the freight operations by increasing visibility and assisting shipping companies which will help to navigate the current supply chain and it helped to grow the Smart Port Market. Moreover, the fourth industrial revolution, referred to as Industry 4.0 (4IR), is the cyber-physical transformation of manufacturing also creating demand for the smart port as the primary application of 4IR was for smart factories so it will help in increasing the demand for the Smart Port Market. An example of 4IR technology used in the ports is Dongwon Global Terminal (DGT) which is selected for CyberLogitec’s terminal operating system (TOS) so it is used for fully automated Busan New Port terminal, with using current technology such as Big data and Internet of Things (IoT). As the government initiatives in the development of smart port infrastructure which is made to opportunities for growth of the Smart Port Market. In the current scenario as new technology develops so it was helping to upgrade the existing port with a large amount of development in the new port. As per this opportunity, the European Union (EU) is involved to upgrade and developing new ports because of commodities that are imported and exported, and around exchange within the EU.

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Browse in-depth TOC on “Smart Port Market
265 – Tables
56 – Figures
289 – Pages

The Smart Port Market includes prominent Tier I and Tier II manufacturers like IBM, ABB, General Electric, Accenture, and Siemens. These companies have their manufacturing facilities spread across Europe, North America, Asia Pacific, and other regions. Technology like the Internet of Things (IoT) which is involved machine learning, sensor, connectivity, process, and people. The software which has the Internet of Things (IoT) is the amongst the largest share of technology in the smart port industry. This technology is used to increase the efficiency of the smart port and the growth of these industries is expected to also lead to the growth of the Smart Port Market.

The port type segment is expected to dominate the Smart Port Market, by seaport, during the forecast period.

There are two types of port types such as seaport and inland port. A seaport is a protected area on a sea location where ships stop to load and unload cargo. As the increasing seaborne trade activities help the growth of the smart port industry. According to UNCTADs Global Commerce Update, which was published in July 2022, the value of global trade grew to a record USD 7.7 trillion in Q1 2022, a rise of approximately USD 1 trillion from Q1 2021. Rising commodity prices, which represent an increase of about USD 250 million from Q4 2021, are the main factor driving the rise since trade volumes have climbed to a noticeably lesser level. The Seaport footprints will need to expand by up to 3,689 square kilometers (1,424 square miles) globally over the next three decades to account for both sea level rise and rising demand, according to a report released by Earths Future in 2020.

The throughput capacity segment is expected to be the largest and fastest growing market, of extensively busy ports, during the forecast period.

There are three types of throughput capacity segments such as extensively busy ports, moderately busy ports, and scarcely busy ports. As the extensively busy ports handle a capacity of more than 19 million TEU per year. There is some region in which there are some ports globally that come under extensively busy ports such are the region China, Singapore, & South Korea which are the major corridor for trade activities. These ports have the smart infrastructure and have made significant investments in port features such as terminal automation, cargo handling, port community systems, smart infrastructure, and safety and security.

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The Asia Pacific likely to emerge as the largest Smart Port Market

The Asia Pacific region accounted for the largest share of the Smart Port Market in 2021. The region is experiencing rapid development fueled by the growth of major economies, such as China, Singapore, India, South Korea, Japan, Hong Kong, Indonesia, and Australia. It is a dominant region in the smart port industry. It is also considered a lucrative region for maritime trade. As the increase in seaborne trade has subsequently led to an increase in demand for ships that are used to transport manufactured goods to various regions globally. The growth of the smart port industry decreased as a result of the Covid-19 pandemic in 2020 which directly impacted this region, which declined by around 1.5% in 2020. The rise in the number of ships will contribute to the growth of propulsion systems and engines in the Asia Pacific region. As per the Journal of Commerce’s annual list of the top 50 container ports in the global in these Asia Pacific has been ranked the 9th out of the 10. Regarding port development, the ports in these regions have grown in tandem with the economic development of most countries which reflecting the region has the fastest economic growth. The Organization for Economic Cooperation and Development (OECD) projects that by 2050, the volume of maritime trade will have tripled, raising the demand for global freight. The Asia Pacific region has an increasing number of ports each year, and those that already exist are expanding. This is because the majority of cargo transit occurs via maritime routes. The program aims to boost the effectiveness of the regions current port facilities through automation, information technology, streamlining of work procedures, the use of new equipment, and employee training. It will help to grow in the smart port industry and drive forward.

The Smart Port Market is dominated by major players that have a wide regional presence. Some of the key players in the Smart Port Market are IBM (US), ABB (Switzerland), General Electric (US), Accenture (Ireland), Siemens (Germany), Trelleborg (Sweden), Wipro (India), Port of Rotterdam (Netherlands), and Royal HaskoningDHV (Netherlands).

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Artificial Intelligence

Redefining Data Storage in the Data Awakening Era

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BERLIN, May 14, 2024 /PRNewswire/ — At the Huawei Innovative Data Infrastructure Forum 2024 in Berlin, Dr. Peter Zhou, Vice President of Huawei and President of Huawei Data Storage Product Line, presented Huawei’s latest thinking in his talk  “Redefining Data Storage in the Data Awakening Era.”

AI looks to disrupt traditional data storage, by not only focusing on performance, reliability, and data paradigm, but also on scalability, sustainability, and data fabric, Zhou said. In the data awakening era, he added, Huawei will redefine data storage through leading innovation in these six dimensions:
Ultra performance: Huawei enhances storage performance by a factor of 10, compared to traditional storage. The storage also supports bandwidth in PB/s and 100 million IOPS, which greatly improves the efficiency of the entire generative AI process.Data resilience: Innovative architecture and technologies boost high reliability of 99.9999%. The built-in ransomware detection engine raises the detection accuracy to 99.99%. Even the checkpoint recovery time during AI training is shortened to less than a minute.New data paradigm: The multi-dimensional tensor data is enabled to support fast data retrieval via an intelligent search engine. The retrieval-augmented generation (RAG) technology works with the embedded knowledge base to eliminate hallucination in large AI models.Scalability: A single storage cluster can be scaled out for EB-level capacity and each engine can be scaled up with more GPUs, DPUs, or NPUs for near-storage computing.Sustainability: Innovations in storage media and devices have brought about outstanding storage energy efficiency (less than 1 watt/TB) and storage density (greater than 1 PB/U).Data fabric: The capabilities of storage metadata management and search enable global data visibility and manageability, as well as data mobility that is 10 times more efficient.These six dimensions guide the philosophy behind the recent launch of the high-performance OceanStor A800, which is a powerful addition to Huawei OceanStor A series storage models. Tailored for AI applications, OceanStor A800 can increase AI cluster utilization by 30%, and as for performance, it delivers high bandwidth and IOPS, which are four and eight times better than its peer vendor’s. Regarding scalability, OceanStor A800 supports scaling out to EB-level capacity with up to 512 controllers, as well as scaling up to a maximum of 4,096 computing cards. As for conserving space and energy, it achieves an outstanding storage density of 1 PB/U and energy efficiency of 0.7 watt/TB. It also provides a new data paradigm with vector index, tensor data, and RAG. In terms of data resilience, the accuracy of ransomware detection is improved from 99.9% to 99.99%. In addition, the data fabric capability facilitates data asset management.
At the same time, storage media innovations are driving sustainable development. Huawei’s newly released high-capacity SSDs provide 10 times more capacity with the same disk size, which can further reduce energy consumption of a data center. With 128 TB capacity per disk, the new SSDs consume 88% less storage space and 92% less energy than the peer vendor’s SSDs when storing every one PB of data.
To be AI-ready, enterprises must get data-ready. The Omni-Dataverse global file system built in the DME makes enterprise data assets visible, manageable, and mobile across regions, thereby building a solid AI data lake storage foundation for enterprises.
Dr. Peter Zhou ended by emphasizing Huawei’s commitment to redefining data storage that focuses on customer challenges and demands in the data awakening era, and building leading AI-ready data infrastructure for greater customer value.
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UCloud partners with HGC to provide high-quality cloud services to enterprises and OTT in Southeast Asia

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HONG KONG, May 14, 2024 /PRNewswire/ — HGC Global Communications Limited (HGC), a fully-fledged ICT service provider and network operator with extensive global coverage and UCloud Technology Co., Ltd. (UCloud), a neutral cloud computing service provider, have announced the strategic partnership to jointly expand into the cloud market in Southeast Asia, starting in Thailand. This collaboration aims to provide enterprises and OTT with efficient, flexible, and reliable cloud services, enabling and accelerating their digital transformation.

This collaboration marks a promising beginning for HGC and UCloud to jointly develop the market in Southeast Asia. With UCloud’s comprehensive suite of cloud products and secure, stable technical solutions, HGC will swiftly establish an asset-light public cloud infrastructure and enhance its cloud service portfolio in EdgeX by HGC, a one-stop-shop solution that includes Global Connectivity, Data Center, Cybersecurity, Managed Services, and Cloud Connection. It will enable us to deliver exceptional, flexible, and customized cloud computing services along with comprehensive spectrum of Internet Services such as Eyeball-as-a-Service and AMS-IX backed by a robust Telecom infrastructure.
UCloud, as a leading cloud technology company, has been actively expanding its presence in international markets since 2013. Through years of dedicated efforts, UCloud has developed the capabilities of robust and reliable overseas infrastructure operation, gaining recognition from over 60,000 global users. With 30 years of experience as a network operator with extensive global coverage, HGC has profound insights and understanding of customer need in Southeast Asia. Moreover, HGC has rich local service experience in Thailand, playing a crucial role in accelerating the rapid deployment of UCloud’s advanced cloud technology solutions in the region. By combining UCloud’s technology prowess with HGC’s local market expertise, the partnership is uniquely positioned to deliver tailored and effective integrated cloud solutions. 
Steven Xu Tan, CEO, Oversea Business of UCloud said: “This collaboration represents a significant milestone in the integration of cloud computing and telecommunications ecosystems. It also marks the beginning of a comprehensive collaboration between UCloud and HGC’s overseas team to effectively serve global customers. As one of the leading cloud service providers in China expanding globally, UCloud has achieved extensive overseas infrastructure coverage by establishing availability zones in Southeast Asian countries such as Thailand, Singapore, Indonesia, Vietnam, and the Philippines. HGC has extensive global network infrastructure and expertise in digital services, enabling the delivery of customized solutions for customers across industries. We firmly believe that UCloud and HGC can work together to drive the adoption of cloud computing in Thailand and other regions.”
Cliff Tam, Senior Vice President, Global Data Strategy & Operations, International Business of HGC said: “We are delighted to embark on this strategic collaboration with UCloud, leveraging their cutting-edge cloud infrastructure and service capabilities to swiftly establish EdgeX with HGC cloud service portfolio in overseas markets. With decades of expertise under our belt, we are committed to delivering excellence to Internet community and OTT customers, catering to their diverse requirements on the digital transformation of the region’s agile environment. Building upon our collaboration in Thailand, we are confident that we will replicate this advanced experience and achieve greater breakthroughs across various industries and in other overseas regions.
About HGC Global Communications Limited
HGC Global Communications Limited (HGC) is a leading Hong Kong and international telecom operator and ICT solution provider. The company owns an extensive network and infrastructure in Hong Kong and overseas and provides various kinds of services. HGC has 19 overseas offices and staff presence in 31 cities worldwide. It provides telecom infrastructure service to other operators and serves as a service provider to corporate and households. The company provides full-fledged telecom, data centre services, ICT solutions and broadband services for local, overseas, corporate, SME and mass markets. HGC owns and operates an extensive fibre-optic network, five cross-border telecom routes integrated into tier-one telecom operators in mainland China and connects with hundreds of world-class international telecom operators. The company is committed to further investing and enriching its current infrastructure and, in parallel, adding on top the latest technologies and developing its infrastructure services and solutions. In 2019, HGC Group completed the acquisition of Macroview Telecom Limited (Macroview), a leading digital technology solution and managed services provider. The addition of Macroview further accelerates HGC Group’s digital transformation path and positioning as a pioneering ICT and digital services leader. HGC is a portfolio company of I Squared Capital, an independent global infrastructure investment manager focusing on energy, utilities, transport, social infrastructure, digital infrastructure, and environmental infrastructure in North America, Europe, Latin America and Asia.
To learn more, please visit HGC’s website at: www.hgc.com.hk
About UCloud
Established in 2012, Shanghai-based UCloud (UCloud Technology Co., Ltd.) is a neutral and secure computing service platform. Continuously achieving breakthroughs in key and core technologies, UCloud offers a comprehensive range of cloud products, including public, private, hybrid, and edge cloud solutions. The company has independently developed IaaS, PaaS, and the SafeHouse big data exchange platform, along with various AI terminals and service platforms. UCloud operates 31 cloud available zones globally, spanning 24 countries and regions such as China, Southeast Asia, Europe, North America, South America, and Africa. These data centers form the foundation of UCloud’s digital information infrastructure, characterized by its seamless integration of cloud and network, security and stability, intelligent agility, and environmental sustainability.
UCloud adheres to the customer-first service principle, offering a wide array of products and application scenario solutions related to cloud computing, big data, and AI technology. Catering to users in diverse sectors such as industrial internet, education, healthcare, retail and finance etc., UCloud aims to accelerate digital transformation and innovation, enhance total factor productivity, and advance industry digitalization and digital industrialization.

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Quobyte Introduces High-Performance File Query Engine for Large-Scale Storage Clusters and AI Workloads

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Quobyte’s File Query Engine Redefines Large-Scale Storage Management with High-Performance Metadata Queries
SANTA CLARA, Calif., May 14, 2024 /PRNewswire/ — Quobyte, the innovator in high-performance storage solutions, has unveiled its new distributed File Query Engine at ISC High Performance 2024, enhancing its storage platform for enterprises and researchers. This engine allows users to query file system metadata at exceptional speeds, making it ideal for environments with massive data sets.

The File Query Engine offers a range of capabilities, including the ability to query user-defined metadata for AI/ML training, enabling users to label files with data directly instead of managing small “metadata files.” Additionally, administrators can quickly answer questions such as identifying space-consuming cold files or locating files owned by specific users. The File Query Engine replaces slow file system tree walks (“find”), offering a faster and more efficient alternative for large volumes.
Key to the File Query Engine’s performance is its integration with Quobyte’s distributed and replicated key-value store, which stores metadata. Unlike other products, Quobyte’s File Query Engine does not require an additional database layer, resulting in faster queries and significant resource savings. Queries are executed in parallel across all metadata servers for fast scans across the entire cluster or select volumes. This engine never operates on outdated data.
“The File Query Engine is a game-changer for our customers,” said Bjorn Kolbeck, CEO of Quobyte. “It streamlines the process of querying file system metadata, offering fast and efficient results even for large datasets, AI, and machine-learning workloads.”
The File Query Engine is part of Quobyte release 3.22 and is automatically available without any configuration. Users can run file metadata queries using the command-line tool “qmgmt,” which supports output in CSV or JSON formats. Additionally, queries can be initiated via the Quobyte API, providing flexibility and ease of use.
For more information about Quobyte’s File Query Engine and its storage solutions, visit www.quobyte.com.
About Quobyte:Quobyte provides a unified storage platform engineered for simplicity and high performance, suitable for enterprises and researchers pushing the frontiers of innovation. It ensures exceptional reliability and enterprise-level features, enabling rapid deployment and streamlined operations for organizations of various sizes, making HPC accessible for all. Quobyte empowers small teams to run large-scale infrastructures, advancing today’s most groundbreaking research.
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