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The Global Distributed Cloud Market size is expected to reach $13.4 billion by 2028, rising at a market growth of 20.3% CAGR during the forecast period

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New York, Oct. 25, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Distributed Cloud Market Size, Share & Industry Trends Analysis Report By Application, By Service, By Organization Size, By End User, By Regional Outlook and Forecast, 2022 – 2028” – https://www.reportlinker.com/p06352725/?utm_source=GNW
All cloud services are managed from a single control plane that manages the variations and irregularities in such a hybrid, multi-cloud system, even though numerous locations and geographies are involved.

This service distribution enables an organization to satisfy very particular performance and response time standards, legal or governance compliance needs, or other demands requiring the cloud platform to be situated outside of the usual availability zones of the cloud provider. The expansion of edge computing and the internet of things (IoT) has been a key factor in the implementation of distributed clouds.

Bringing cloud resources to the edge location itself can significantly improve performance for artificial intelligence (AI) applications that move huge amounts of data from edge locations to the cloud. These applications demand cloud services be as close to edge locations as possible. In a distributed cloud, services are situated, or “distributed,” to certain places to cut down on latency, and these services benefit from a single, standardized control point throughout public and private cloud environments.

Companies can achieve significant performance gains by minimizing latency and reducing the total risk of outages or control plane inefficiencies. This will also bring significant performance increases. A distributed cloud distributes the complete computing stack, not just an application, to the areas where it is required, whether they be public cloud providers, internal systems, or external colocation facilities.

COVID-19 Impact Analysis

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The distributed cloud sector has benefited from the COVID-19 pandemic. Cloud management of virtual work is a natural match due to the dispersed nature of cloud services. The current pandemic has been made possible by digital productivity and collaboration tools. For business enterprises, cloud services now guarantee more trustworthy and secure distant operations. Distributed cloud technologies are now poised to revolutionize the post-COVID world as the effects of the worldwide pandemic continue to alter the nature of work.

Market Growth Factors

The Internet Of Things Is Growing, And Enhancing User Experiences

Real-time data processing is made possible for enterprises by distributed cloud computing technologies. Businesses can improve user experiences by concentrating on fresh, creative approaches supported by accurate, timely, and consistent data. Distributed cloud computing technologies provides companies the ability to tailor their offerings to forge enduring bonds with their clients. Businesses may improve their responsiveness to client preferences and provide seamless services with the help of this more sophisticated version of cloud services.

Distributed Cloud Architecture Based On 5g Network Development

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Edge computing and cloud computing models are used to provide distributed cloud architecture, in which the edge locations serve as a network connecting physical sites, centralized data centers, base stations, remote places, and on-premises. Numerous micro data centers maintained by service providers and organizations will be necessary due to the expansion of distributed cloud sites. Strong and affordable network connectivity will be needed, able to handle and deliver network slicing given by the 5G network, which is the fifth generation of mobile networks.

Market Restraining Factors

Distributed Cloud Architectures Require Hefty Capital Expenditures

It will be difficult for IT businesses to integrate distributed cloud architecture internationally given the increase in cloud-based applications and computing. Due to the distinctive design of each service provider, such as Google, AWS, and Azure, as well as a specific requirement for an organization’s private cloud deployments and edge computing architectures, designing and executing distributed cloud architecture is difficult.

Service Outlook

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Based on the Service, the Distributed Cloud Market is segmented into Data Security, Data Storage, Networking, Autonomy, and Other. The data security segment witnessed a significant revenue share in the distributed cloud market in 2021. Due to the increased transparency across distributed cloud settings, distributed cloud architecture lays out each component’s dependence on the distributed cloud. Because cloud computing is scalable, it is essential to scale programming while taking security considerations into account.

Application Outlook

On the basis of Application, the Distributed Cloud Market is divided into Edge Computing, Content Delivery, Internet of Things, and Other. The internet of things segment procured the largest revenue share in the distributed cloud market in 2021. A physical item that includes sensors, computing power, software, and other technologies is considered an Internet of things object (IoT) if it links to other systems and devices via the Internet or other communication networks and exchanges data with them.

Organization Size Outlook

By Organization Size, the Distributed Cloud Market is classified into Large Enterprises and Small & Medium Size Enterprises. The large enterprises segment garnered the highest revenue share in the distributed cloud market in 2021. To stay ahead of the competition, large businesses concentrate on expanding their market presence by implementing cutting-edge technologies. Customers of large companies are spread out geographically.

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End User Outlook

Based on the End User, the Distributed Cloud Market is bifurcated into BFSI, IT & Telecom, Government, Healthcare & Life Sciences, Retail & Consumer Goods, Media & Entertainment, Energy & Utilities, Manufacturing, and Other. The IT & Telecom segment witnessed a significant revenue share in the distributed cloud market in 2021. It is because many people are interested in the future of technology now that 5G mobile service is becoming more widely available.

Regional Outlook

Region-wise, the Distributed Cloud Market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The Asia Pacific segment registered a promising revenue share in the distributed cloud market in 2021. It is because many international companies are paying close attention to the Asia Pacific region. The region is made up of nations that have a diverse system of governments, startups, SMEs, and big multinational corporations that offer beneficial ICT solutions.

The major strategies followed by the market participants are Product Launches. Based on the Analysis presented in the Cardinal matrix; Google LLC and Microsoft Corporation are the forerunners in the Distributed Cloud Market. Companies such as Amazon Web Services, Inc. (Amazon.com, Inc.), Alibaba Group Holding Limited, IBM Corporation are some of the key innovators in Distributed Cloud Market.

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The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, Oracle Corporation, Google LLC, Amazon Web Services, Inc. (Amazon.com, Inc.), Microsoft Corporation, Teradata Corporation, Alibaba Group Holding Limited, VMware, Inc., F5 Networks, Inc., and Pluribus Networks (Arista Networks).

Recent Strategies Deployed in Distributed Cloud Market

Partnerships, Collaborations and Agreements:

Jul-2022: Amazon Web Services joined hands with Zscaler, a cloud security company. Together the companies aimed to deliver consumers a suitable solution to reduce and streamline cloud security operations while supporting communities advance their safety architecture from ineffective heritage models to a advance Zero Trust approach developed for the cloud.

Jul-2022: Google cloud came into a partnership with Deutsche Telekom, a German telecommunications business. Through this partnership, companies aimed to determine a joint roadmap for the telecommunications industry by obtaining the power of the cloud closer to mobile and connected devices at the edge of Deutsche Telekom’s network. Additionally, by developing more safe, dependable, and scalable cloud-native networks, companies such as Deutsche Telekom are nicely positioned to deliver elastic, high-bandwidth, high-capacity, and low-latency connectivity and value-added benefits to their consumers.

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Jun-2022: F5 teamed up with SoftBank, a Japanese multinational conglomerate holding company. This collaboration aimed to offer improved Multi-access Edge Computing (MEC) services in Japan and international markets. Under this collaboration, F5 solutions, together with SoftBank would allow enterprise customers to transform more of their business-critical applications to various edge locations and enjoy the advantages of decreased latency, better security, and flexible application deployment.

Jun-2022: F5 formed a partnership with Telstra that spans 20 years. This partnership aimed to help F5 security and application delivery services to deliver key components of the telco’s network infrastructure solutions to increase resilience, reliability, speed, and security, and help its customers realize such advantages.

May-2022: Pluribus Networks came into partnership with Tech Data, a TD SYNNEX Company. This partnership aimed to leverage Pluribus Networks’ unique vision of Unified Cloud Networking and their Unified Cloud Fabric solution to boost the digital and network transformation journey for clients all over the Asia Pacific & Japan region.

Apr-2022: VMware came into collaboration with Deloitte. This collaboration aimed to develop the Deloitte VMware Distributed Cloud (DVDC) practice to assist customers to transform their operations and the industries they serve by more efficiently deploying and using distributed cloud architectures.

Feb-2022: Google Cloud came into a partnership with Elisa, a Finnish telecommunications and digital services provider. This partnership aimed to boost Elisa’s cloud transformation journey and enable the companies to work together on joint innovations in various areas.

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Feb-2022: Microsoft came into a partnership with Intapp, a leading provider of cloud-based software. Through this partnership, Intapp would provide connected business and deal management solutions on a Microsoft Azure-based industry cloud with in-depth integrations between Microsoft technologies, such as Microsoft 365, and Intapp applications. Additionally, the partnership would boost the adoption of cloud technologies by private legal, investment banking, accounting, capital, and consulting firms.

Jan-2022: Amazon Web Services teamed up with TD Synnex , an American IT distribution business . Through this collaboration the companies aimed to support channel associates grow under a new distribution agreement that surrounds North America, Latin America and the Caribbean. Moreover, AWS would ramp up investments to assist small and medium-sized and public sector members expand their portfolio by utilizing a bigger range of AWS cloud services.

Jul-2021: Microsoft Azure came into a partnership with Logz.io, a leading open-source observability platform. Through this partnership, Logz.io would propel innovation within the engineering society, allowing teams to seamlessly cast Logz.io observability devices and rapidly build and monitor their products while delivering consumers with centralized portal management for support and billing for their Azure Deployments

May-2020: IBM joined hands with NVIDIA, an American multinational technology. Through this collaboration, customers can utilize the abilities of IBM, and NVIDIA, to provide analytics models and applications to where the data is developed and requires to be actioned in retail stores, factories, transportation, warehouses, energy grids, smart cities, and healthcare institutions at the edge.

Product Launches and Product Acquisitions:

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Aug-2022: VMware unveiled VMware vSphere 8 and VMware vSAN 8, major new releases of VMware’s compute and storage solutions. These solutions would assist customers to operate a wide range of workloads in the environments of their choice.

Aug-2022: Teradata introduced Teradata ClearScape, a cloud-native database and analytics support. Through this product, enterprises would get the benefits of emerging analytics, machine learning, and AI development workloads in the cloud. In this single platform, the integration of cloud-native database and analytics would offer more potential to boost reuse, enable ModelOps, and expedite data science workflows.

Jul-2022: Amazon Web Services introduced AWS Cloud WAN, a new managed broad area network. The new service connects on-premises data centers, branch offices, colocation facilities, and cloud resources to facilitate operating a global network. Additionally, by utilizing a central management dashboard created into AWS Cloud WAN, consumers can determine their network configuration, view the health of their global network, and automate routine design and safety tasks.

Jun-2022: Oracle Cloud introduced a new distributed cloud service. The new services would help the consumers in satisfying data residency, strict latency, and data sovereignty requirements, which are crucial to various IT modernization efforts.

Jun-2022: Google Cloud expanded its prevailing Google Distributed Cloud by obtaining Anthos on-prem into the fold. Google’s Anthos on-prem is an on-premises variant of Google Cloud Anthos, a hybrid cloud application development platform that operates atop the Kubernetes container orchestration software. Moreover, the Antos designed for building applications that can operate unchanged on any cloud or data center server.

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Jun-2022: Google introduced a new Distributed Cloud Edge service, offering up a new iteration aimed at private network setups that demands specific performance and service-level agreement (SLA) standards. The latest version obtains in vendor partners that can deliver enterprise-specific services running on top of the Google Distributed Cloud (GDC) Edge system. Additionally, These services contain the capability to tap into licensed spectrum assets either maintained by a carrier or available through outside licensing standards.

May-2022: Google launched Google Distributed Cloud Edge, including Google Distributed Cloud Edge Appliances. This product is a fully-managed hardware and software stack, which incorporates an open cloud-native execution environment, operational infrastructure, and fleet management.

Mar-2022: Oracle Cloud Infrastructure (OCI) expanded its portfolio by introducing 11 new compute, networking, and storage services and capabilities. These additions would allow users to operate their workloads faster and more safely at reduced costs.

Mar-2022: Pluribus launched Unified Cloud Networking Vision, featuring the Pluribus Unified Cloud Fabric. This product aimed to enable a unified networking model over distributed clouds and across switches and server-based data processing units (DPUs) with zero-trust distributed security, developed with automation and pervasive visibility.

Feb-2022: F5 expanded its application security and delivery portfolio with F5 Distributed Cloud Services. These services offer security, multi-cloud networking, and edge-based computing solutions on a unified software-as-a-service (SaaS) platform.

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Dec-2021: Amazon Web Services introduced AWS Cloud WAN, a managed wide area network service. The AWS Cloud WAN would supplies a central dashboard that communities can leverage to network on-premises branch offices, data centers and AWS cloud resources to streamline and unify the monitoring, building, and management of a global network. Moreover, the service automates network administration and safety using simple, centrally configured network policies that IT departments can apply extensively.

Oct-2021: Google introduced Google Distributed Cloud, a complete portfolio of hardware and software solutions to expand Google infrastructure to the edge and into customer data while Anthos running on Google-managed hardware at the customer or edge location provides a services platform on which to run applications securely and remotely.

Jul-2021: Microsoft introduced Windows 365, a cloud service that presents a new way to experience Windows 10 or Windows 11 to companies of all extents. The new Windows 365 takes the operating system to the Microsoft cloud, streaming the complete Windows experience data, apps, and settings to corporate or personal devices. Additionally, window 365 is safe by built and design with the principles of Zero Trust, Windows 365 reserves and stores information in the cloud, not on the device, delivering a secure, productive experience for employees from interns and contractors to software developers and industrial designers.

Mar-2021: IBM unveiled IBM Cloud Satellite, hybrid cloud services are now commonly public in any conditions on any cloud, on-premises or at the edge. The new IBM Cloud Satellite brings a reserved, unifying layer of cloud services for clients across conditions, regardless of where their data resides. Moreover, this is important to support address crucial data privacy and data authority conditions.

Feb-2021: Microsoft India unveiled Azure Stack HCI, a new hyper-converged infrastructure (HCI) solution, The new Azure stack incorporates the scalability, flexibility, and price-performance benefits of hyper-converged infrastructure with native Azure hybrid abilities. Moreover, Azure Stack HCI strives to certify businesses by allowing them to build and run cloud-native applications with seamless entrance to cloud services on-premises with an current processes, tools, and skillsets.

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Oct-2020: Alibaba Cloud introduced a series of new product and feature upgrades that incorporate a family of cloud-native database products ranging from OLTP, OLAP, NoSQL, tools and utility, and a self-driving database platform. This series would offer a solution portfolio under the database ecosystem for the whole cycle of data processing, storage, management, and analytics.

Acquisitions and Mergers:

Apr-2022: Google Cloud took over MobiledgeX, a marketplace of edge computing resources & services. Under this acquisition, Google would release the startup’s edge computing software code into the open-source community.

Feb-2022: IBM took over Sentaca, a provider of telco consulting services and solutions. This acquisition aimed to improve its hybrid cloud abilities with Sentaca is totally aligned with that strategy and with IBM’s hybrid cloud strategy. Moreover, Sentaca’s cloud-native application testing, development,and future network abilities would be a great addition to been focusing on in the last couple of years

Sep-2021: F5 Networks acquired Threat Stack, a cloud security and workload protection company. This acquisition aimed to expand F5’s cloud security portfolio by improving visibility across the application infrastructure. With this acquisition, F5 focused on combining its application and API protection products with Threat Stack’s cloud-native application protection capabilities to boost observability and actionable security insights.

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Geographical Expansions:

Mar-2022: Alibaba Cloud unveiled its cloud computer in Singapore, with the addition of both the pocket-sized Wuying cloud computer and Elastic Desktop Service (EDS). Through this surge in remote workforces in Asia, the Alibaba Cloud would help enterprises to access heavy computer-powered productivity applications easier, like computer-aided design (CAD) software.

Scope of the Study

Market Segments covered in the Report:

By Application

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• Internet of Things

• Content Delivery

• Edge Computing

• Others

By Service

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• Data Storage

• Data Security

• Networking

• Autonomy

• Others

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By Organization Size

• Large Enterprises

• Small & Medium-sized Enterprises

By End User

• BFSI

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• IT & Telecom

• Healthcare

• Retail & Consumer Goods

• Government

• Manufacturing

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• Energy & Utilities

• Media & Entertainment

• Others

By Geography

• North America

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o US

o Canada

o Mexico

o Rest of North America

• Europe

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o Germany

o UK

o France

o Russia

o Spain

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o Italy

o Rest of Europe

• Asia Pacific

o China

o Japan

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o India

o South Korea

o Singapore

o Malaysia

o Rest of Asia Pacific

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• LAMEA

o Brazil

o Argentina

o UAE

o Saudi Arabia

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o South Africa

o Nigeria

o Rest of LAMEA

Companies Profiled

• IBM Corporation

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• Oracle Corporation

• Google LLC

• Amazon Web Services, Inc. (Amazon.com, Inc.)

• Microsoft Corporation

• Teradata Corporation

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• Alibaba Group Holding Limited

• VMware, Inc.

• F5 Networks, Inc.

• Pluribus Networks (Arista Networks)

Unique Offerings

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• Exhaustive coverage

• Highest number of market tables and figures

• Subscription based model available

• Guaranteed best price

• Assured post sales research support with 10% customization free
Read the full report: https://www.reportlinker.com/p06352725/?utm_source=GNW

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Nomination Committee for the ASSA ABLOY 2025 Annual General Meeting

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STOCKHOLM, Oct. 11, 2024 /PRNewswire/ — The following representatives of ASSA ABLOY AB’s shareholders will be members of the Nomination Committee for the 2025 Annual General Meeting:

– Johan Menckel, Investment AB Latour, Chairman of the Nomination Committee
– Mikael Ekdahl, Melker Schörling AB
– Marianne Nilsson, Swedbank Robur Fonder
– Yvonne Sörberg, Handelsbanken Fonder
– Carina Silberg, Alecta
The Chairman of the Board, Johan Hjertonsson, has been co-opted to the Nomination Committee.
The Nomination Committee shall prepare proposals for the Annual General Meeting in 2025 regarding the election of Chairman of the General Meeting, members of the Board of Directors, Chairman of the Board, Vice Chairman of the Board, auditor, fees for the members of the Board including division between the Chairman, the Vice Chairman and the other Board members as well as fees for committee work, fees to the company’s auditor and, if necessary, changes to the instructions for the Nomination Committee.
The Annual General Meeting will be held on 23 April 2025, in Stockholm, Sweden.
Shareholders who wish to submit proposals to the Nomination Committee should send an email to [email protected].
For more information, please contact:Nico Delvaux, President and CEO, tel. no: +46 8 506 485 82Erik Pieder, CFO and Executive Vice President, tel. no: +46 8 506 485 72 Björn Tibell, Head of Investor Relations, tel. no: +46 70 275 67 68
About ASSA ABLOY
The ASSA ABLOY Group is the global leader in access solutions. The Group operates worldwide with 61,000 employees and sales of SEK 141 billion. The Group has leading positions in areas such as efficient door openings, trusted identities and entrance automation. ASSA ABLOY’s innovations enable safe, secure and convenient access to physical and digital places. Every day, we help billions of people experience a more open world. 
This information was brought to you by Cision http://news.cision.com
https://news.cision.com/assa-abloy/r/nomination-committee-for-the-assa-abloy-2025-annual-general-meeting,c4050379
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AI in Social Media Market worth $10.33 billion by 2029- Exclusive Report by MarketsandMarkets™

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DELRAY BEACH, Fla., Oct. 11, 2024 /PRNewswire/ — The AI in Social Media Market is projected to grow from USD 2.20 billion in 2024 to USD 10.33 billion by 2029, at a compound annual growth rate (CAGR) of 36.2% during the forecast period, according to a new report by MarketsandMarkets™. The market is expected to grow due to the rise in the need for more personalized user experiences, optimized advertising, and automated customer service.

Browse in-depth TOC on “AI in Social Media Market”
315 – Tables 63 – Figures320 – Pages
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=92119289
Scope of the Report
Report Metrics
Details
Market size available for years
2019-2029
Base year considered
2023
Forecast period
2024-2029
Forecast units
USD (billion)
Segments Covered
Product type, Use case, End user, and Region
Geographics covered
North America, Europe, Asia Pacific, Middle East & Africa, Latin America
Companies covered
Major vendors in the global AI in Social Media Market are Google (US), Meta (US), IBM (US), Sprout Social (US), Sprinklr (US), AWS (US), LivePerson (US), HubSpot (US), Microsoft (US), Adobe (US), Baidu (China), OpenAI (US), Hootsuite (US), Qualtrics (US), Brandwatch (UK), Converseon (US), Meltwater (US), Quid (US), Digimind (France), CreatorIQ (US), Aspire.io (US), Lately.AI (US), SocialPilot (US), Copy.ai (US), Flick (UK), Dash Hudson (US), Jasper (US), Upfluence (US), Ocoya (Lithuania), Upgrow (US), StoryChief (Belgium), Genius.AI (UAE), ContentStudio (US), Emplifi (US), Lumen5 (US), Buffer (US), Narrato (India), Mentionlytics (UK), Kapwing (US), Predis.AI (India), Pictory (US), Midjourney (US), and Synthesia (UK).
The major factors driving the market growth of AI in Social Media Market include the introduction of AI-powered deepfake detection in social media to identify and flag altered content. Social platforms are increasingly relying on advanced AI algorithms to detect and flag manipulated videos, images, and audio, addressing growing concerns about misinformation, fraud, and digital deception. Growth in Gen AI-based content creation tools enables brands to create captivating and unique content. These tools empower brands to effortlessly create captivating, unique content at scale, allowing personalized engagement with audiences. The rising demand for highly personalized content and recommendations tailored to user preferences and behavior are shaping the social media market. This personalization boosts user satisfaction, fosters stronger engagement, and increases time spent on platforms, benefiting users and advertisers. Improved collaboration between influencers and brands is boosting the effectiveness of influencer marketing campaigns with AI. AI tools help brands and influencers to better understand the audiences by analyzing data like preferences, behaviors, and trends. This helps both brands and influencers grow their reach and engagement which makes influencer marketing campaigns successful.
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Advent of Gen AI-based content creation tools enables brands to create captivating and unique content.
The rise of gen AI-based content creation tools has transformed social media by empowering brands to create unique content. These tools are powered by advanced language models, enable automated text generation, images, and videos that cover target audiences, and maintain a dynamic presence on platforms. The utilization of gen AI across sectors such as entertainment, healthcare, and marketing agencies is transforming content creation and customer engagement. Gen AI also simplifies content production workflow, reducing time and cost related to traditional content creation methods.  Global tech giants are investing heavily in AI technologies to improve user experience, enhance advertising effectiveness, and gain competitive advantages in the AI in social media market.
By Product type, the influencer marketing segment registers for the fastest growing market during the forecast period.
By automating and optimizing influencer marketing, AI social media tools enable brands to make data-driven decisions, reach relevant audiences, and ensure their campaigns are more effective and cost-efficient. AI-based social media tools in influencer marketing assist brands in detecting fraudulent influencers, which can improve the ROI, increase sales, and improve the brand’s reputation. For instance, AI content tools like Lumen5, Canva, Jasper, and Midjourney are major tools for improving influencer marketing strategies by crafting high-quality content.
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By region, Asia Pacific to register the highest CAGR market during the forecast period.
 Asia Pacific is a rapidly growing region for AI in social media, compelled by high mobile and internet penetration rates and a young, tech-savvy population. Countries like China, India, Japan, and South Korea are leading the adoption, with social media platforms being central to the region’s social media ecosystem. With the vast amount of content generated in diverse languages, AI in social media is used for content moderation, language translation, and understanding user-generated content, specifically across China and India.
Top Key Companies in AI in Social Media Market:
Some major players in the AI in Social Media Market include Google (US), Meta (US), IBM (US), Sprout Social (US), Sprinklr (US), AWS (US), LivePerson (US), HubSpot (US), Microsoft (US), Adobe (US), Baidu (China), OpenAI (US), Hootsuite (US), Qualtrics (US), Brandwatch (UK), Converseon (US), Meltwater (US), Quid (US), Digimind (France), CreatorIQ (US), Aspire.io (US), Lately.AI (US), SocialPilot (US), Copy.ai (US), Flick (UK), Dash Hudson (US), Jasper (US), Upfluence (US), Ocoya (Lithuania), Upgrow (US), StoryChief (Belgium), Genius.AI (UAE), ContentStudio (US), Emplifi (US), Lumen5 (US), Buffer (US), Narrato (India), Mentionlytics (UK), Kapwing (US), Predis.AI (India), Pictory (US), Midjourney (US), and Synthesia (UK).
Browse Adjacent Markets: Artificial Intelligence (AI) Market Research Reports & Consulting
Related Reports:
AI as a Service Market – Global Forecast to 2029
AI Governance Market- Global Forecast to 2029
AI Image Generator Market- Global Forecast to 2030
Natural Language Understanding Market- Global Forecast to 2029
Large Language Model Market- Global Forecast to 2030
Get access to the latest updates on AI in Social Media Companies and AI in Social Media Industry
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
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NTT DATA signs agreement to acquire Aoop and will become a leader in ServiceNow solutions in Latin America

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BIELEFELD, Germany and SÃO PAULO, Oct. 11, 2024 /PRNewswire/ — NTT DATA Business Solutions AG, a global unit of NTT DATA, announces that the agreement for the acquisition of Aoop, a leading ServiceNow implementation company in Brazil, has been signed. The terms of the acquisition have been finalized between the companies and will be completed following approval from the Administrative Council for Economic Defense (CADE). Founded in 2017, Aoop supports customers across various industries and is a specialist in the acceleration of automated digital strategies. With Aoop, NTT DATA will expand its operations in the Latin American ServiceNow solutions market, complementing a recent acquisition in the UK focused on strengthening this offering in Europe and the United States.

“With the acquisition of Aoop, we significantly increase our competitive strength in Brazil by offering both SAP and ServiceNow solutions, positioning us alongside market leaders,” says Norbert Rotter, CEO, NTT DATA Business Solutions. “This move will not only secure us a leading position in the fast-growing ServiceNow ecosystem but will also integrates a company with a strong market presence and solid financials to NTT DATA. It will be a significant step in driving our strategic objectives, strengthening our partnership with ServiceNow and our commitment to establishing a Center of Excellence in the region.”
Ricardo Fachin, Managing Director of NTT DATA Business Solutions Brazil adds: “The acquisition of Aoop will solidify our leading position in the Brazilian market. It will enhance synergies with our other Latin American and U.S. operations, accelerating our regional growth. As part of ServiceNow’s global strategy, Brazil will become a significant shoring center for the group. Aoop’s comprehensive portfolio, covering all ServiceNow verticals, will benefit all NTT DATA customers.”
With a strategy focused on driving the future of organizations and providing full lifecycle services, Aoop has completed around 2,500 digital transformation projects and has over 300 professionals certified on ServiceNow solutions. This expertise has led the company to become a ServiceNow Elite Partner in record time. The continuous commitment to excellence and the delivery of innovative solutions have established Aoop as a market reference, integrating intelligent efficiency throughout the entire production chain.
“Aoop leads the ServiceNow market in Brazil. Our integration with NTT DATA Business Solutions will allow us to further expand our solution offerings to existing customers, access new opportunities for joint solutions with SAP customers and accelerate our international expansion,” says Luiz Cesar Baptistella, CEO and founder of Aoop.
The acquisition of Aoop will add 120 customers to the portfolio of NTT DATA Business Solutions, which has been operating in Brazil for 25 years. Aoop will become a subsidiary of NTT DATA Business Solutions – Servicos de Tecnologia Ltda. in Brazil and will operate as an independent company after the acquisition, using the brand name “Aoop, an NTT DATA Company”.
For more information visit nttdata-solutions.com.
About NTT DATA Business Solutions
NTT DATA Business Solutions is a leading global IT service provider focused on SAP with a powerful ecosystem of partners. With more than 35 years of in-depth experience, we enable companies worldwide to become Intelligent Enterprises. We deliver end-to-end solutions that accelerate sustainable growth and success – from strategic consulting and implementation to managed services and beyond. As a global strategic SAP partner, we drive innovation and leverage the latest technologies to support our customers individually and across all industries. Our more than 15,300 dedicated employees in over 30 countries work passionately every day to make it happen.
NTT DATA Business Solutions is part of NTT DATA, a $30+ billion trusted global innovator of business and technology services headquartered in Tokyo. As One NTT DATA we serve 75% of the Fortune Global 100 and are committed to helping customers innovate, optimize and transform for long-term success. NTT DATA is part of NTT Group.
Press Contact NTT DATA Business Solutions
Local
Global
Sofia Baldessar
Sales Operation Director
NTT DATA Business Solutions –
Servicos de Tecnologia Ltda.
1440 Visconde de Nacar Street –
13th floor Curitiba, Paraná, Brazil
T: +55 41 988658826
Email: [email protected]
Jasmin Straeter
Head of Global Communications
NTT DATA Business Solutions AG
Königsbreede 1, 33605 Bielefeld, Germany
T: +49 521 9 14 48 108
Email: [email protected]

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