Artificial Intelligence
Craft Beer Market Worth USD 248.6 Billion by 2030 at a CAGR of 13.50% – Report by Market Research Future (MRFR)
New York, US, Nov. 21, 2022 (GLOBE NEWSWIRE) — Craft Beer Market Overview:
According to a Comprehensive Research Report by Market Research Future (MRFR), “Craft Beer Market Information by Type, Ingredients, Distribution Channel, and Region – Forecast till 2030”, The craft beer market can expand at a CAGR of 13.50% between 2022 and 2030 and can touch USD 248.6 Billion by 2030.
Market Synopsis
People are interested in craft beer for a variety of reasons. Craft beers’ distinctive flavours and variety appeal to certain individuals. Others value the artisanal approach to brewing that many brewers use. Whatever the cause, the demand for craft brews is unquestionably rising. The popularity of microbreweries and craft brewers is one of the key factors driving the increased interest in the craft beer market. These little companies are making some of the most intriguing and distinctive beers in the world, and they are quickly becoming successful.
Craft beers are now more widely available than ever before as a result of this. There is probably a craft beer that suits consumers’ needs, whether they are seeking for something flavorful or light and refreshing.
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Report Scope:
| Report Attribute | Details |
| Market Size in 2030 | USD 248.6 billion |
| CAGR | 13.50% |
| Base Year | 2021 |
| Forecast Period | 2022-2030 |
| Historical Data | 2020 |
| Forecast Units | Value (USD billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | by Type, Ingredients, Distribution Channel, and Region |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Market Drivers | The Development of New Products And Flavors By Individual Craft Breweries |
| The Emergence of Subtler Flavors Like Floral Ones |
Market Competitive Landscape:
The affluent companies in the craft beer market are
- Boston Beer Company Inc.
- D.G. Yuengling & Sons
- Inc.,New Belgium Craft Brewery
- Deschutes Brewery
- North Brewing Company
November 2022
Recently, Saucey, a well-known platform for alcohol delivery, announced the expansion of its craft beer service to New Jersey. Depending on where you live, Saucey offers scheduled deliveries right to your doorway. With the extension, the booze delivery service will now be available in over 28 zip codes, including those in Newark, Hoboken, and Fairfield. The company intends to continue expanding its service capabilities throughout New Jersey and Rochester, and this new service region will extend their current zoning in New York City.
Market USP Covered:
Market Drivers:
The demand for more regional brewers is fostering the growth of the worldwide craft beer industry. Sales of craft beer increased by 7.9% in 2021, according to the Brewers Association, and are anticipated to increase much more in the following few years. Brewers are beginning to concentrate on their web presence in an effort to take advantage of this trend and promote nearby breweries.
Breweries are achieving this, among other things, by setting up social media pages exclusively for their brands. For instance, Stone Brewing maintains individual accounts for its Stone IPA, Stone Ruination Double IPA, and Stone Smoked Porter brands in addition to its main account, which provides standard beer news and information. A user who subscribes to one of these accounts will receive updates on fresh content pertaining to that brand. Customers won’t need to follow several accounts to stay up to date on all of Stone Brewing’s most recent products in this way.
Artificial intelligence (AI) appears to be playing a significant role in the swift growth of the craft beer business. A little brewery with more than 14 years of experience is called NOLA Brewing. They are renowned for their distinctive beers and cutting-edge brewing methods. But distribution is their biggest problem. The company created the beer in association with The Australian Institute for Machine Learning (AIML) and Barossa Valley Brewing (BVB).
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Market Restraints:
The market for craft beer is expanding globally, but problems in the supply chain could limit that expansion. According to the Brewers Association (BA), craft beer sales in the US decreased by 8% in 2020. Craft brewers are producing more than ever, but not by themselves. The BA estimates that until 2021, craft breweries will need to grow their production by 2.3% annually to maintain their present market share in order to keep up with demand.
However, various problems might prevent this growth. Small brewers sometimes lack the funds to import ingredients from other regions of the country or to purchase them in quantity, which is a problem. As a result, some breweries must decide whether to spend money on their own manufacturing or purchase materials from bigger, more established breweries.
COVID 19 Analysis
The significant impact of COVID-19 outbreak has had a variety of effects on people’s health all across the world. The tremendous social and economic burden on individuals around the world is related to the aftermath. People are suffering from a variety of mental traumas as the major governments implement new frameworks and industries embrace cutting-edge models of expansion to maintain their relevance.
The increase in cases has sparked mental and financial problems around the world, particularly among the elderly. The younger population has also been experiencing difficulties as a result of job losses and is choosing family care to deal with the effects. The creation of a vaccine and the treatment of COVID-19 dominate the conversation, diverting attention from other markets.
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Market Segmentation
By Type
Lager, stouts, and ale are the various types of craft beer available on the international market.
The report’s main constituents are yeast, malt, hops, and enzymes.
By Distribution Channel
Both on-trade and off-trade are significant distribution channels that have been explored in the research study.
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Regional Insights
With the largest stake in the worldwide market, the North American market would continue to rise tenaciously in the years to come. The substantial popularity of the beverage among young people is the cause of the high consumption rate of craft beer and beer in general. Given that it contains considerably less alcohol than other types of beer, craft beer is the regional trend that is growing the fastest, particularly in the United States. Craft brewers have dramatically increased in quantity in the area as a result of favorable government incentives and widespread consumer desire for local dining experiences. The growing influence of social media and the increase in local events and promotions are both positive developments.
Consumers of craft beer in Europe are increasingly experimenting with new flavors, such as IPA and various kinds of pale ales. They are more than happy to spend a lot of money on these premium brands, which drives up the number of craft breweries and microbreweries and, as a result, supports the expansion of the sector in the area. In addition, increased rates of healthy lifestyle adoption and consumer health consciousness would increase the consumption of craft beer in the coming years.
Discover more research reports on Food, Beverages & Nutrition Industry, by Market Research Future:
Beer Market Information by Type (Ale, Lager, Stouts & Porters), Ingredients (Malt, Yeast, Enzymes, And Hops), Packaging (Can, Bottle, And Draught), And Region (North America, Europe, Asia-Pacific, And Rest of The World (Row)) – Forecast Till 2030
Non-Alcoholic Beer Market Information by Product Type (Alcohol-Free and 0.5% Alcohol by Volume), Category (Plain and Flavored), Distribution Channel (Store-Based and Non-Store-Based) and Region (North America, Europe, Asia-Pacific and Rest of the World) – Forecast till 2030
Fruit Beer Market Research Report by Flavors (peach, raspberry, cherry, apricot, apple), Distribution Channel (store based and non-store based), by Region (North America, Europe, Asia-Pacific, and Rest of the World) – Forecast Till 2030
About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
Artificial Intelligence
Identity Threat Detection and Response (ITDR) Market worth $35.6 billion by 2029- Exclusive Report by MarketsandMarkets™
CHICAGO, May 10, 2024 /PRNewswire/ — The growing need for identity-centric security solutions brought on by an increase in cyberattacks and regulatory compliance requirements will define the Identity Threat Detection and Response (ITDR) Market in the future. The growth of ITDR solutions towards more proactive and autonomous security operations is being shaped by several major trends, including integration with IAM platforms, use of AI and ML technologies, and emphasis on UEBA and Zero Trust security.
The global Identity Threat Detection and Response Market size is projected to grow from USD 12.8 billion in 2024 to USD 35.6 billion by 2029 at a Compound Annual Growth Rate (CAGR) of 22.6% during the forecast period, according to a new report by MarketsandMarkets™. The expansion of identity threat detection and response (ITDR) is propelled by the continuously evolving global threat landscape and combating threat-targeting identities and identity systems. ITDR provides response strategies ensuring the protection of sensitive and confidential data.
Browse in-depth TOC on “Identity Threat Detection and Response (ITDR) Market”
266 – Tables 48 – Figures273 – Pages
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Scope of the Report
Report Metrics
Details
Market size available for years
2022-2029
Base year considered
2023
Forecast period
2024-2029
Forecast units
Value (USD) Billion
Segments Covered
By offering deployment mode, organization size, vertical and region
Region covered
North America, Europe, Asia Pacific, Middle East and Africa, and Latin America
Companies covered
Microsoft (US), IBM (US), CrowdStrike (US), Zscaler (US), Tenable (US), Veronis (US), BeyondTrust (US), CyberArk (US), Proofpoint (US), Quest (US), Oort(US), Vectra (US), Proficio (US), Qomplx (US), Adaptive Shield (Israel), Acalvio (US), Authorize (Israel), Illusive (US), Mindfire (UAE), Rezonate (US), Semperis (US), Sentinelone (US), Silverfort (Israel), Netwrix (US), Vericlouds (US), Microminder (UK), Quorum Cyber (UK) and Mix mode (US).
Governments worldwide increasingly emphasize the importance of robust identity threat detection and response (ITDR) solutions to counter growing cyber threats and safeguard critical infrastructure. Key initiatives include funding research and development grants, supporting startups through grants and incubator programs, and enforcing data privacy regulations like GDPR and CCPA. They also promote cybersecurity frameworks, critical infrastructure protection standards, and public awareness campaigns. Collaboration with the private sector, through partnerships and procurement policies, further drives ITDR market growth. These efforts underscore a global recognition of ITDR’s significance in enhancing digital security and compliance with industry regulations.
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By deployment mode, the cloud segment is expected to demonstrate the highest growth rate in the Identity Threat Detection and Response Market during the forecast period.
The Identity Threat Detection and Response (ITDR) Market is experiencing a notable shift towards cloud-based deployments, which are projected to dominate in the coming years. Cloud solutions offer various advantages, including scalability, reduced infrastructure costs, faster deployment, improved accessibility, and automatic updates. With businesses increasingly adopting cloud technologies and prioritizing agility and innovation, cloud-based ITDR solutions align well with this evolving landscape. The cybersecurity skills shortage further drives the preference for cloud solutions, given their built-in automation and ease of management. While on-premises ITDR solutions may still be favored in scenarios with stringent data security requirements, the overall trend favors cloud-based deployments due to their scalability, agility, and cost-effectiveness. Cloud providers continue to innovate and enhance their offerings, making them increasingly attractive to businesses of all sizes, ultimately shaping the dominance of cloud-based ITDR in the foreseeable future.
Based on organization size, the SMEs segment is projected to exhibit the highest growth rate at the highest CAGR during the forecast period.
The Identity Threat Detection and Response (ITDR) Market is set for significant growth, particularly among Small and Medium-Sized Enterprises, driven by several key factors. SMEs face increased vulnerability due to limited security resources, a growing reliance on digital tools, and evolving cyber threats. Heightened awareness of cyber risks and emerging data privacy regulations are pressuring SMEs to invest in ITDR solutions. The affordability and scalability of cloud-based ITDR solutions further contribute to SME adoption. These solutions offer improved threat detection, enhanced user access control, and simplified compliance management, positioning SMEs as pivotal drivers of growth in the ITDR market.
Asia Pacific is anticipated to experience substantial growth with the highest CAGR in the Identity Threat Detection and Response Market during the forecast period.
The Identity Threat Detection and Response (ITDR) Market is experiencing remarkable growth globally, particularly in the Asia-Pacific region, where it is projected to witness the highest Compound Annual Growth Rate. This surge is fueled by several factors specific to the area. APAC’s rapid digital transformation, propelled by adopting cloud computing, mobile technologies, and e-commerce platforms, creates an expanded attack surface for cyber threats. Heightened regulatory focus on data privacy regulations in countries like China, India, and Australia drives the demand for robust ITDR solutions to ensure compliance. The emergence of domestic cybersecurity vendors in APAC and the increasing adoption of cloud-based ITDR solutions contribute to market growth. Government initiatives, such as heavy investments in cybersecurity infrastructure and public-private partnerships, create a supportive environment for the ITDR market’s expansion. Despite facing challenges like a shortage of skilled cybersecurity professionals, the APAC region’s unique dynamics position it as a key driver of ITDR market growth. It is crucial in protecting critical infrastructure and businesses against cyber threats in the digital age.
Top Key Companies in Identity Threat Detection and Response (ITDR) Market:
The major players in the Identity Threat Detection and Response Market are Microsoft (US), IBM (US), CrowdStrike (US), Zscaler (US), Tenable (US), Veronis (US), BeyondTrust (US), CyberArk (US), Proofpoint (US), Quest (US), Oort(US), Vectra (US), Proficio (US), Qomplx (US), Adaptive Shield ( Israel), Acalvio (US), Authomize (Israel), Illusive (US), Mindfire (UAE), Rezonate (US), Semperis (US), Sentinelone (US), Silverfort (Israel), Netwrix (US), Vericlouds (US), Microminder (UK), Quorum Cyber (UK) and Mixmode (US).
Recent Developments
January 2024 – IBM collaborated with ASUS to enhance cybersecurity by utilizing AI-powered security technologies to detect and remediate attacks swiftly. IBM’s QRadar EDR will be integrated directly into ASUS’s business hardware, supported by MDR services from IBM.January 2024 – Aembit integrates its Workload IAM Platform with CrowdStrike Falcon for real-time security posture assessment, enabling dynamic access policy enforcement. This collaboration enhances ITDR capabilities, ensuring secure workload-to-workload access.October 2023 – BeyondTrust partnered with the AWS SaaS Factory team to build their Identity Security Insights solution as a SaaS offering on AWS. This collaboration helped BeyondTrust navigate business and technical decisions for a successful SaaS model launch.September 2023 – CyberArk collaborates with Accenture to deploy CyberArk Privilege Cloud to enhance PAM solutions. This initiative aims to bolster cybersecurity defenses by managing and monitoring privileged access, which is crucial for ITDR. The collaboration leverages CyberArk’s Identity Security Platform, enabling comprehensive security for identities across various IT environments, aligning with ITDR principles by securing access and mitigating risks associated with privileged accounts.July 2023 – Microsoft partnered with CISA by offering expanded cloud logging capabilities at no additional cost. This initiative directly supports ITDR by improving detection and response to identity-related threats, making it easier for organizations to maintain identity integrity and security through better visibility and monitoring of security incidents.Inquire Before Buying@ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=259116012
Identity Threat Detection and Response (ITDR) Market Advantages:
ITDR solutions assist avoid security breaches and data loss by enabling organisations to proactively detect and respond in real-time to identity-related threats such account takeovers, credential stuffing, and insider threats.ITDR solutions assist organisations in strengthening their security posture and safeguarding sensitive data and assets from unauthorised access and misuse by continually monitoring user activities, access patterns, and behaviour across digital channels and systems.Rapid incident response is made possible by ITDR systems, which immediately notify security teams of potentially dangerous activity and security issues. This allows the teams to quickly investigate and neutralise threats to minimise the damage to the organisation.By offering thorough visibility, audit trails, and reporting capabilities, ITDR solutions help enterprises comply with legal and regulatory requirements pertaining to identity and access management, data protection, and cybersecurity.ITDR systems with advanced analytics and machine learning capabilities help minimise noise and false positives, allowing security professionals to concentrate on real threats and efficiently prioritise their response efforts.Numerous ITDR systems come with easy-to-use dashboards and interfaces that give security teams the tools and knowledge they need to effectively monitor, assess, and address identity-related threats without the need for in-depth training or specialised knowledge.Organisations may take advantage of their investments and coordinate automated response activities throughout the security ecosystem by integrating ITDR solutions with pre-existing security technologies and systems like SIEM, IAM, CASB, and SOAR platforms.Report Objectives
To describe and forecast the global Identity Threat Detection and Response Market by offering, deployment mode, organization size, vertical, and regionTo forecast the market size of five central regions: North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin AmericaTo analyze the subsegments of the market concerning individual growth trends, prospects, and contributions to the overall marketTo provide detailed information related to significant factors (drivers, restraints, opportunities, and challenges) influencing the growth of the marketTo analyze the opportunities in the market for stakeholders and provide the competitive landscape details of major playersTo profile the key players of the Identity Threat Detection and Response Market and comprehensively analyze their market shares and core competenciesTo track and analyze competitive developments, such as Mergers and Acquisitions (M&A), new product developments, and partnerships and collaborations in the marketTo track and analyze the impact of COVID-19 on the Identity Threat Detection and Response MarketBrowse Adjacent Market: Information Security Market Research Reports & Consulting
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Physical Security Information Management Market- Global Forecast to 2029
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Artificial Intelligence
atNorth Shortlisted for Datacloud Global Awards, The Energy Awards and The Women in Green Business Awards
The leading Nordic data center business achieves multiple new accolades.
REYKJAVÍK, Iceland, May 10, 2024 /PRNewswire/ — atNorth, the leading Nordic colocation, high-performance computing, and artificial intelligence service provider, today announced widespread industry recognition including shortlisting’s in the `Excellence in Data Centre Europe Award 2024′ category at the Datacloud Global Awards and the `Energy Efficient Partnership of the Year’ category at the Energy Awards.
The Datacloud Global Awards celebrate excellence in the data center and cloud industry, recognizing outstanding achievements, innovation, and leadership across various categories. From pioneering technology solutions to sustainable practices, these awards highlight the trailblazers and visionaries driving the digital transformation landscape forward.
atNorth’s continuous commitment to developing the most advantageous solutions for its clients has led the business to be recognized for its efforts in energy efficiency, data center excellence and as a leader in the data center industry.
Additionally, atNorth’s CFO & Deputy CEO, Eva Sóley Guðbjörnsdóttir has been shortlisted in the `Diversity and Inclusion Champion of the Year’ category at the Women in Green Business Awards, illustrating the commendable ethos of atNorth’s business as a whole, as it champions fairness and the greater good – both internally and at the core of its service provision.
“We are delighted to be acknowledged in a variety of categories across multiple awards,” says Eva Sóley Guðbjörnsdóttir, CFO & Deputy CEO, at atNorth. “As we remain committed to our vision of `more compute for a better world’, this recognition inspires us to continue to advocate for best practice within our business and the industry as a whole.”
The news follows atNorth’s recognition in TechRound’s Sustainability60 campaign, at the UK Green Business Awards and the Tech Capital Awards. The business has also recently announced Anna Kristín Pálsdóttir as Chief Development Officer and Jörgen Larsson as Director of Hyperscale Operations as the business continues to scale to meet the increasing demand for its services.
About atNorth
atNorth is a leading Nordic data center services company that offers sustainable, cost-effective, scalable colocation and high-performance computing services trusted by industry-leading organizations. The business acquired leading High-Performance Computing (HPC) provider, Gompute, in 2023 enabling a compelling full stack offering tailored to AI and other critical high-performance workloads.
With sustainability at its core, atNorth’s data centers run on renewable energy resources and support circular economy principles. All atNorth sites leverage innovative design, power efficiency, and intelligent operations to provide long-term infrastructure and flexible colocation deployments. The tailor-made solutions enable businesses to calculate, simulate, train and visualize data workloads in an efficient, cost-optimized way.
atNorth is headquartered in Reykjavik, Iceland and operates seven data centers in strategic locations across the Nordics, with additional sites to open in Helsinki, Finland and in Denmark in Q4 2024, as well as its tenth site ready for operation in Kouvola, Finland in 2025.
For more information, visit atNorth.com or follow atNorth on LinkedIn or Facebook.
Press Contact:Caroline BruntonKite Hill PR for atNorth+44 (0) 7796 274 [email protected]
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Artificial Intelligence
ProofID wins Judges’ Award for Global Ambition at the 2024 Northern Tech Awards
MANCHESTER, England, May 10, 2024 /PRNewswire/ — UK-headquartered, global Identity and Access Management (IAM) specialist, ProofID has won the Judge’s Award for Global Ambition at the Northern Tech Awards held at Manchester Cathedral. The company won the award in recognition of its expansion in the USA following the successful acquisitions of Regatta Solutions an Austin, Texas based Identity Governance and Administration (IGA) integrator and PEGRight a Colorado Springs, Colorado based IAM integrator.
These two acquisitions created a combined business which leads the field as a provider of enterprise identity solutions and global identity managed services across Europe and North America. The awards, organised by GP Bullhound, are a demonstration of the spirit of innovation, resilience, and growth that defines the Northern tech ecosystem.
Tom Eggleston, CEO of ProofID said: “ProofID has always embraced its northern roots, but it’s been an exciting road.”
“Our journey to the international stage continues and reflects not only our ambition to grow via acquisition but also our ability to adapt, innovate and thrive in other territories. It’s truly wonderful for our work to be recognised in this way.”
In 2022, Maven invested £15 million through the Maven UK Regional Buyout Fund to support ProofID’s growth and strategic expansion. Since then, the company has continued to develop its partnerships with IAM vendors, offering broader solutions and enhancing its market position.
The award, accepted by Peter Dolan, CFO of ProofID, is held to showcase leading tech businesses in the North, fuelling growth in its powerful tech economy. The eleventh edition of the Northern Tech Awards ceremony, brought together 250 CEOs, entrepreneurs, and business leaders from across the digital economy, celebrating innovation and excellence in the North of England and Scotland.
Javed Huq, Managing Director of sponsor, GP Bullhound said: “Congratulations to all the winners of the 2024 Northern Tech Awards.
“Their success is a testament to the remarkable determination and entrepreneurship, which have enabled their businesses to thrive in a challenging market landscape.
“We are immensely proud of the dedication and innovation within the Northern tech ecosystem and believe it is important to celebrate these achievements at tonight’s awards. We are honoured to champion these leading tech businesses and look forward to their continued growth and contribution to the UK economy.”
About ProofID
ProofID is a global identity security partner, integrator and service provider. As a proven identity specialist, ProofID is committed to delivering pain-free, secure and seamless digital user experiences however complex the project. Trusted by Tier 1 enterprises and mid-market businesses around the world to design, deliver and manage IAM and IGA services. ProofID has successfully deployed industry leading technologies into all market sectors with dynamic workforce needs and seamless customer engagements. ProofID’s highly skilled team has been awarded the highest technical accreditations by all their chosen partners including Ping Identity, earning Global Delivery Partner of the Year Award for 6 consecutive years and SailPoint, achieving delivery Admiral status. For more information visit www.ProofID.com.
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