Connect with us
European Gaming Congress 2024

Artificial Intelligence

Global Cybersecurity Insurance Market to 2028 – Size, Share & Industry Trends Analysis Report

Published

on

Dublin, Sept. 01, 2022 (GLOBE NEWSWIRE) — The “Global Cybersecurity Insurance Market Size, Share & Industry Trends Analysis Report By Component, By Insurance Coverage, By Insurance Type, By Organization Size, By End User, By Regional Outlook and Forecast, 2022 – 2028” report has been added to ResearchAndMarkets.com’s offering.

The Global Cybersecurity Insurance Market size is expected to reach $32.6 billion by 2028, rising at a market growth of 18.8% CAGR during the forecast period.

Cybersecurity insurance plays an important role in banking and financial institutions. Throughout the forecast period, the sector is anticipated to control a sizable portion of the market. Identity fraud is common there and it is one of the businesses that is tightly controlled and governed, which drives up demand.

The landscape of every nation’s essential infrastructure and business networks is evolving as a result of improvements in information technology, communication technologies, and the smart energy grid. However, as technology advances quickly, so do the hazards that accompany it.

Personal information is valuable, cybercriminals commit crimes where personal data, including credit card numbers, identities, medical records, and other details, is sold on the dark web. It is one of the few things that have caused the demand for cybersecurity to rise. One of the most quickly expanding recent technologies is cloud computing, which has helped to break down traditional IT borders, open up new markets, fuel the mobility movement, and enhance unified communications. To reduce the risks associated with maintaining sensitive data in the current cybersecurity scenario, a variety of IT stakeholders and companies are turning to innovative insurance models.

Advertisement

A wider variety of security controls and technologies is expected to be considered by insurers as the market for cybersecurity insurance continues to develop. As a result, the degree of data sensitivity and an organization’s capacity to sufficiently disguise it will be crucial in evaluating the overall risk, which is what is motivating the adoption of new technologies like microsharding. To limit the attack surface and remove data sensitivity, microsharding technology divides data into units as small as one-digit bytes before distributing shards to various locations.

COVID-19 Impact Analysis

Numerous governments and regulatory bodies have mandated that both public and commercial enterprises adopt new methods for working remotely and upholding social distance during the COVID-19 pandemic crisis. Since then, several firms’ new business continuity plans (BCPs) have been based on digital methods of conducting business. People are increasingly inclined to employ digital technologies due to the widespread usage of BYOD devices, the WFH trend, and the penetration of the internet into every corner of the world. This is driving the demand for cyber insurance measures to protect against the fallout from cyber-attacks.

Market Growth Factors

Use Of Blockchain Technology With Artificial Intelligence (Ai) For Risk Analysis

Advertisement

Among the most recent hot technologies, AI and blockchain are predicted to give risk analytics solutions increased capabilities and offer up new business opportunities. These technologies’ integration with risk analytics programs is expected to help cybersecurity insurance companies with some of their most pressing problems. The development of modern technologies enables quicker transactions and settlements, making it easier for financial institutions and their clients to perform transactions while removing the need for middleman fees. To analyze claims, manage reserves, and provide policy coverage, risk analytics solutions are crucial.

Cyber Liability Insurance Benefits

Organizations are legally required to notify impacted parties in the case of a breach. This may increase the entire cost of a data breach, especially when it comes to security updates, identity theft protection for those affected by the breach, and defense against potential legal action. User data is expected to be protected from cyber criminals by the coverage provided by cyber liability plans for these exposures. compensation for business loss due to disruption. An IT breakdown brought on by a cyberattack can disrupt corporate operations and cost organizations money and time.

Market Restraining Factors

Rising Expenses For Cybersecurity Insurance

Advertisement

One of the main things preventing the cybersecurity insurance market from expanding is the higher price of cybersecurity insurance. Due to the ransomware assaults over the past two to three years, insurance firms have been forced to pay out hefty claims. The expense of recovering the compromised system is substantial, even if the cybersecurity insurance firms do not pay the ransom. To compensate for the increased costs resulting from the extra services, such as aid with data recovery following a ransomware attack, cybersecurity insurance firms are raising the coverage rates.

Key Topics Covered:

Chapter 1. Market Scope & Methodology

Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints

Chapter 3. Competition Analysis – Global
3.1 Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.3.2 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2018, Feb – 2022, Apr) Leading Players

Advertisement

Chapter 4. Global Cybersecurity Insurance Market by Component
4.1 Global Solution Market by Region
4.2 Global Cybersecurity Insurance Market by Solution Type
4.2.1 Global Analytics Platform Market by Region
4.2.2 Global Disaster Recovery & Business Continuity Market by Region
4.2.3 Global Cybersecurity Solution Market by Region
4.3 Global Services Market by Region

Chapter 5. Global Cybersecurity Insurance Market by Insurance Coverage
5.1 Global Cyber Liability Market by Region
5.2 Global Data Breach Market by Region

Chapter 6. Global Cybersecurity Insurance Market by Insurance Type
6.1 Global Packaged Market by Region
6.2 Global Standalone Market by Region

Chapter 7. Global Cybersecurity Insurance Market by Organization Size
7.1 Global Large Enterprises Market by Region
7.2 Global Small & Medium Enterprises (SMEs) Market by Region

Chapter 8. Global Cybersecurity Insurance Market by End User
8.1 Global Technology Provider Market by Region
8.2 Global Cybersecurity Insurance Market by Technology Provider Type
8.2.1 Global Insurance Companies Market by Region
8.2.2 Global Third-party Administrators, Brokers, & Consultancies Market by Region
8.2.3 Global Government Agencies Market by Region
8.3 Global Insurance Provider Market by Region
8.4 Global Cybersecurity Insurance Market by Insurance Provider Type
8.4.1 Global Financial Services Market by Region
8.4.2 Global Retail & Consumer Goods Market by Region
8.4.3 Global Telecom & IT Market by Region
8.4.4 Global Travel, Tourism, & Hospitality Market by Region
8.4.5 Global Healthcare & Life Sciences Market by Region
8.4.6 Global Others Market by Region

Advertisement

Chapter 9. Global Cybersecurity Insurance Market by Region

Chapter 10. Company Profiles
10.1 Cisco Systems, Inc.
10.1.1 Company Overview
10.1.2 Financial Analysis
10.1.3 Regional Analysis
10.1.4 Research & Development Expense
10.1.5 Recent strategies and developments:
10.1.5.1 Partnerships, Collaborations, and Agreements:
10.1.5.2 Product Launches and Product Expansions:
10.1.5.3 Acquisition and Mergers:
10.1.6 SWOT Analysis
10.2 Microsoft Corporation
10.2.1 Company Overview
10.2.2 Financial Analysis
10.2.3 Segmental and Regional Analysis
10.2.4 Research & Development Expenses
10.2.5 Recent strategies and developments:
10.2.5.1 Partnerships, Collaborations, and Agreements:
10.2.6 SWOT Analysis
10.3 Check Point Software Technologies Ltd.
10.3.1 Company Overview
10.3.2 Financial Analysis
10.3.3 Regional Analysis
10.3.4 Research & Development Expense
10.3.5 Recent strategies and developments:
10.3.5.1 Partnerships, Collaborations, and Agreements:
10.3.5.2 Product Launches and Product Expansions:
10.4 Accenture PLC
10.4.1 Company Overview
10.4.2 Financial Analysis
10.4.3 Segmental and Regional Analysis
10.4.4 Research & Development Expenses
10.4.5 Recent strategies and developments:
10.4.5.1 Partnerships, Collaborations, and Agreements:
10.4.5.2 Acquisition and Mergers:
10.5 FireEye, Inc.
10.5.1 Company Overview
10.6 SentinelOne, Inc.
10.6.1 Company Overview
10.6.2 Recent strategies and developments:
10.6.2.1 Partnerships, Collaborations, and Agreements:
10.7 UpGuard, Inc.
10.7.1 Company Overview
10.8 CYE (Cyesec Ltd.)
10.8.1 Company Overview
10.9 BlackBerry Limited (CYLANCE)
10.9.1 Company Overview
10.9.2 Financial Analysis
10.9.3 Segmental and Regional Analysis
10.9.4 Research and Development Expense
10.10. BitSight Technologies, Inc.
10.10.1 Company Overview
10.10.2 Recent strategies and developments:
10.10.2.1 Partnerships, Collaborations, and Agreements:

For more information about this report visit https://www.researchandmarkets.com/r/md5ucs


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

Supermicro Introduces New Versatile System Design for AI Delivering Optimization and Flexibility at the Edge

Published

on

supermicro-introduces-new-versatile-system-design-for-ai-delivering-optimization-and-flexibility-at-the-edge

New 3U Server Supports up to 18 GPUs and Features Dual Intel® Xeon® 6900 series processors with P-cores
SAN JOSE, Calif., Oct. 8, 2024 /PRNewswire/ — Super Micro Computer, Inc. (SMCI), a Total IT Solution Provider for AI, Cloud, Storage, and 5G/Edge, announces the launch of a new, versatile, high-density infrastructure platform optimized for AI inferencing at the network edge. As companies seek to embrace complex large language models (LLM) in their daily operations, there is a need for new hardware capable of inferencing high volumes of data in edge locations with minimal latency. Supermicro’s innovative system combines versatility, performance, and thermal efficiency to deliver up to 10 double-width GPUs in a single system capable of running in traditional air-cooled environments.

“Owing to the system’s optimized thermal design, Supermicro can deliver all this performance in a high-density 3U 20 PCIe system with 256 cores that can be deployed in edge data centers,” said Charles Liang, president and CEO of Supermicro. “As the AI market is growing exponentially, customers need a powerful, versatile solution to inference data to run LLM-based applications on-premises, close to where the data is generated. Our new 3U Edge AI system enables them to run innovative solutions with minimal latency.”
For more information, please visit https://www.supermicro.com/en/solutions/edge-ai
The new SYS-322GB-NR includes two powerful Intel® Xeon® 6900 processors with P-cores, 8800 MT/s MRDIMM and up to 20 PCIe 5.0 expansion slots. This Supermicro system supports a variety of single or double-width GPUs, or to use some of the expansion slots for high-performance I/O or other add-on cards. Additionally, the server features up to 6TB of RDIMM memory and up to 14 E1.S or 6 U.2 NVMe drives.
One example use case that this system delivers is in the manufacturing industry, where Supermicro’s new system can be deployed on-site at an automated production environment to process data feeds from cameras and sensors without having to transfer the data to a remote location. This capability reduces networking requirements and improves response times. Another environment where the SYS-322GB-NR will excel is large-scale control rooms, where the AI accelerator cards can be partially replaced by multi-display cards to support up to 64 independent displays.
Supermicro at Mobile World Congress (MWC) Las Vegas
The SYS-322GB-NR will be on display at Supermicro’s booth #518 during MWC Las Vegas, October 8-10. Additionally, Supermicro will display systems that incorporate NVIDIA, AMD and Intel Xeon 6 processors, including X14 family edge and telco systems such as:
SYS-222HE-FTN – the Hyper-E brings data center performance to the telco edge with a dual Intel Xeon 6 processor in a 2U, short-depth form factor with front I/O access
SYS-212B-FN2T – a 2U short-depth system for AI in telco and edge deployments, featuring a single Intel Xeon 6700 series processor with E-cores and GPU support
SYS-E403-14B-FRN2T- a box PC sized, wall-mountable edge device capable of bringing the Intel Xeon 6700 series processor with E-cores and GPU support to remote environments
AS -1115S-FDWTRT – a 1U NEBS compliant system providing Telco performance for ORAN, Core and managed services. This system utilizes the AMD EPYC 8004 Series processor and support of up to 1 single-width GPU accelerator for heavy workloads.
In addition to showcasing Supermicro hardware systems, in partnership with NVIDIA, we will jointly demonstrate inferencing and AI solutions for on-premise and Edge applications including Enterprise AI, Retail, Telco Edge and Financial Services. We will demonstrate key generative AI solutions that include NVIDIA NIM, NVIDIA NeMo, NVIDIA Metropolis, remote management, security, and networking. For Telecom, Supermicro and NVIDIA will be demonstrating a live AI RAN solution using NVIDIA and Supermicro solutions showcasing performance, management and AI use cases.
Also, on display at MWC Las Vegas is the new a joint solution from Supermicro and Intel which combines the ruggedized IP65 Outdoor Edge system with a built-in AI Network Accelerator and Intel® Data Center GPU Flex 170. This solution enables fast and cost-effective deployment of multiple private 5G networks as well as Edge AI applications in a single device. The networks can be used and exploited by different users, offering a scalable solution for dense environments such as industrial and campus sites, venues and smart cities.
 About Super Micro Computer, Inc.
Supermicro (NASDAQ: SMCI) is a global leader in Application-Optimized Total IT Solutions. Founded and operating in San Jose, California, Supermicro is committed to delivering first to market innovation for Enterprise, Cloud, AI, and 5G Telco/Edge IT Infrastructure. We are a Total IT Solutions provider with server, AI, storage, IoT, switch systems, software, and support services. Supermicro’s motherboard, power, and chassis design expertise further enable our development and production, enabling next generation innovation from cloud to edge for our global customers. Our products are designed and manufactured in-house (in the US, Taiwan, and the Netherlands), leveraging global operations for scale and efficiency and optimized to improve TCO and reduce environmental impact (Green Computing). The award-winning portfolio of Server Building Block Solutions® allows customers to optimize for their exact workload and application by selecting from a broad family of systems built from our flexible and reusable building blocks that support a comprehensive set of form factors, processors, memory, GPUs, storage, networking, power, and cooling solutions (air-conditioned, free air cooling or liquid cooling).
Supermicro, Server Building Block Solutions, and We Keep IT Green are trademarks and/or registered trademarks of Super Micro Computer, Inc.
All other brands, names, and trademarks are the property of their respective owners.
 
 
Photo – https://mma.prnewswire.com/media/2525150/thumbnail_100124_MWC_PR_r02_1080x1080.jpgPhoto – https://mma.prnewswire.com/media/2525149/SYS_322GB_NR_ANGLE_2.jpgPhoto – https://mma.prnewswire.com/media/2525148/SYS_322GB_NR_BACK_fix.jpgLogo – https://mma.prnewswire.com/media/1443241/Supermicro_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/supermicro-introduces-new-versatile-system-design-for-ai-delivering-optimization-and-flexibility-at-the-edge-302269839.html

Continue Reading

Artificial Intelligence

Nfinite Launches SceneMagic AI, a Revolutionary Automated AI Solution for Creating Customizable, Photorealistic Product Images for E-commerce

Published

on

nfinite-launches-scenemagic-ai,-a-revolutionary-automated-ai-solution-for-creating-customizable,-photorealistic-product-images-for-e-commerce

Solution converts basic 2D product packshots into diverse, photorealistic lifestyle images at speed and massive scaleProprietary image creation process able to reduce costs for high fidelity e-commerce visuals by over 95%SAN FRANCISCO, Oct. 8, 2024 /PRNewswire/ — Nfinite, the leader in next-generation product visualization technology for brands and retailers, today unveiled SceneMagic AI, a pioneering AI solution that enables e-commerce giants to access photorealistic product images on a massive scale.

Using a proprietary AI to generate hyper-realistic backgrounds and settings, enhancing the visual appeal of products, SceneMagic AI powers the seamless conversion of basic 2D product packshots into diverse sets of photorealistic lifestyle images that can be tailored to a brand’s unique aesthetic.
“AI is most exciting when it goes beyond being just a technological novelty and addresses real, substantial challenges,” said Alexandre de Vigan, CEO at Nfinite. SceneMagic AI offers a paradigm shift in how brands can showcase their products through tailored visuals without the exorbitant costs and time delays that are typically associated with high-quality visual productions.”
Amidst growing demands for high-quality visual content in e-commerce, a recent Coresight Research report underscores the importance of innovative imaging solutions. The report revealed that 63% of leading U.S. and European retailers are prioritizing enhancements in image quality to mitigate returns, with those adopting new CGI technologies experiencing a 20% increase in conversion rates.
With its massive scalability, SceneMagic AI allows for the swift creation of extensive high-fidelity image catalogs from minimal inputs. Its dynamic content adaptability means visuals can be rapidly updated for seasonal themes or marketing campaigns. Leveraging cutting-edge 3D technology and spatial intelligence, the solution ensures each image is not only realistic but also free from AI-generated errors, all while slashing costs by over 95%.
“With SceneMagic AI, we’re not just meeting market demands—we’re setting new standards for how retailers engage with consumers online, enhancing user experiences while driving tangible business results,” concluded Alex.
For more information on Nfinite and the SceneMagic AI solution, please visit https://www.nfinite.app/genaiAbout Nfinite
Nfinite combines the power of AI, CGI and 3D to offer a unified visual platform for the world’s largest brands and retailers. Nfinite is uniquely designed to connect brands and retailers and unlock complete, consistent and immersive product imagery at scale. The Nfinite Platform helps automate high quality visual content, making it more affordable, adaptable, and faster to create. With Nfinite, companies can deliver endless visual combinations, interactive experiences, and real-time personalized content to their customers worldwide. Visit nfinite.app for more information.
For more information, please visit – https://www.nfinite.app/ 
Photo – https://mma.prnewswire.com/media/2525539/Nfinite_Nfinite_Launches_SceneMagic_AI__a_Revolutionary_Automate.jpg 

View original content:https://www.prnewswire.co.uk/news-releases/nfinite-launches-scenemagic-ai-a-revolutionary-automated-ai-solution-for-creating-customizable-photorealistic-product-images-for-e-commerce-302269994.html

Continue Reading

Artificial Intelligence

Careerminds Acquires Progression To Enhance AI-Driven Career Development Solutions

Published

on

careerminds-acquires-progression-to-enhance-ai-driven-career-development-solutions

NEW YORK , Oct. 8, 2024 /PRNewswire/ — Careerminds, a leading provider of global outplacement and career development solutions, announced today the acquisition of Progression, a London-based SaaS software company. Founded in 2019, Progression has developed an advanced AI platform that enables organizations to establish career frameworks and job architectures. This innovative solution empowers employees to enhance their skill sets, supporting both upskilling and reskilling efforts to help them realize their full career potential.

“Progression joining forces with Careerminds is a perfect fit for realizing our vision of our comprehensive career-development capabilities,” says Raymond Lee, President of Careerminds. “Jonny and Neil have co-founded and built an innovative software platform that reflects our shared commitment to helping organizations provide an end-to-end, career-development solution. Together, we aim to empower individuals to identify their career potential and navigate their pathways to success. Additionally, they have effectively addressed HR’s need for a modern job architecture, incorporating career pathways with a skills taxonomy, AI-embedded tools, and actionable upskilling and reskilling plans that drive engagement and boost employee retention.”
“Careerminds’ success with their career-development coaching platform, combined with Careerminds’ global coaching capabilities, creates a powerful synergy,” said Jonny Burch, Co-Founder and CEO of Progression. “Together, we are poised to make a significant impact in the career-development space.”
About Careerminds
Careerminds was founded in 2008 as a global provider of contemporary outplacement, leadership, and career development solutions. Careerminds combines cutting-edge AI technology with personalized, one-on-one career coaching for all job levels in major markets around the world. Their modern approach allows the company to deliver industry-leading results including job seekers landing new jobs and employees looking to grow and maximize their potential within their careers. For more information, please visit https://www.careerminds.com.
About Progression
Progression, founded in 2019, is a career framework SaaS software company based in the United Kingdom. Progression’s AI powered platform empowers companies to build powerful and scalable career and skill frameworks, their employees to track their own career growth over time and managers to get unique skill-based performance insights. They work with everyone from startups to public companies, with customers with up to 2,500 employees globally. For more information, please visit https://www.progression.co.

View original content:https://www.prnewswire.co.uk/news-releases/careerminds-acquires-progression-to-enhance-ai-driven-career-development-solutions-302268854.html

Continue Reading

Trending