Connect with us
Prague Gaming & TECH Summit 2024

Artificial Intelligence

HVDC Transmission Market Size Share Value Growth and Competitive Landscape Analysis Report 2022 | Japan is a major developed and industrialized country that generates significant electricity demand

Published

on

ENTERPRISE, Nevada, Nov. 22, 2022 (GLOBE NEWSWIRE) —

  • High Voltage Direct Current or HVDC transmission uses direct current to transmit power long distances. The HVDC transmission technology offers effective and affordable power transmission across extremely long distances to fulfill the needs of rising load demands. The research and development authority found that it is used in modern power transmission because of its straightforward design and low level of complexity.
  • The HVDC transmission system ensures effective and economic power transmission across great distances and can handle increasing load needs. The HVDC transmission system mostly consists of converter stations, which transform AC power into DC at the sending end and inverter stations, which transform DC electricity into AC power at the receiving end. HVDC transmission is far more cost-effective for bulk power transmission over large distances as it has lower losses than other distribution methods. Major nations use HVDC transmission with expansive territories to connect their grids.

HVDC Transmission Market Size Growth Rate:

  • As per the research report published by DataM Intelligence, the global HVDC transmission market was valued at US$ YY Million in 2021; it is projected to reach US$ YY Million by 2029, with growth at a CAGR of 8.1% over the forecast period 2022-2029. Rising energy demand is a primary factor escalating the market growth for the HVDC transmission business. Since the first test line was built in Sweden more than 70 years ago, the High Voltage Direct Current (HVDC) transmission system is quickly gaining popularity and growing usage. Due to growth in global energy consumption, there is an apparent trend shift in the power grid, emphasizing decarbonization and digitization.
  • Due to its potential to resolve some of the most pressing difficulties that the modern grid faces, the trend shift is making HVDC one of the transmission markets with the quickest growth rates. The industry has also seen growth due to the expansion of utility-scale renewable energy facilities and the shift away from fossil fuels. HVDC transmission facilitates long-distance energy-efficient electricity transmission from distant renewable power plants instead of the HVAC system. HVDC grid technology is anticipated to advance with the rising integration of renewable energy and the increasing need to improve supply security.

Download the Sample Brochure to understand our research methodology, regional analysis, and competitive insights @ https://www.datamintelligence.com/download-sample/hvdc-transmission-market

HVDC Transmission Market Growth Drivers, Restraints, and Opportunities

  • The market for HVDC transmission is expanding at a tremendous rate due to increasing demand for VSC technology, improved HVDC transmission performance over HVAC transmission systems and rising integration of renewable energy sources. The latest HVDC technology, based on the Voltage Source Converter (VSC), is a growing method of electricity transportation more efficiently.
  • The HVDC VSC transmission technology allows for autonomous control of active and reactive power and quick emergency response times. Future growing technological advancements have also created huge opportunities for the power transmission businesses to take full advantage of this technology’s benefits and do away with its disadvantages, such as excessive losses.

Market Restraints

  • The price of an HVDC transmission system depends on several variables, including the amount of power to be carried, the kind of transmission medium (land-based or underwater), environmental concerns, access to easements and the price of converter stations and related equipment.
  • The system requires additional pieces of hardware, such as a converter transformer, pole & valve controls, mechanical & electrical auxiliaries and many others. All of this equipment is quite expensive and of the highest technology. HVDC transmission systems have substantial installation and maintenance costs because of their design. Due to the demand for AC power in modern appliances, converter stations should be constructed at endpoints to transform DC power into AC power, raising costs. Thus the high cost is a major restraint on the market growth of the HVDC transmission business.

Market Opportunities

  • The developed economies have long recognized the need for a reliable and adaptable electrical transmission system, creating prospects for business growth in the forecast period. Policymakers and business organizations have created various options, with high voltage direct current (HVDC) transmission systems evolving as a practical energy management method. HVDC transmission systems have lower emissions coupled with cost savings advantages when used overhead for long and underground or underwater for short distances.

Market Challenges:

  • Due to fewer key competitors in the HVDC transmission sector, providers are expected to have strong overall negotiating power. Despite the rise in local suppliers, only the established players—who have a deep understanding and extensive experience in this technology—can provide high capacity and advanced HVDC systems. Hence, high supplier bargaining power further adds to the cost and hence increases the challenges faced by the market.

Browse the Full Report @ https://www.datamintelligence.com/research-report/hvdc-transmission-market

COVID-19 Impact Analysis

  • 2020 is expected to see a decline in the global components of HVDC transmission systems due to supply chain disruptions brought on by the COVID-19 outbreak. Government regulations and local governments imposed strict limitations and all non-essential activities were suspended. End-user activities were suspended, which had a detrimental effect on the HVDC transmission market
  • However, the second to third quarter of 2021 is anticipated to recover in the HVDC transmission market. New technologies are constantly being developed and put into use, such as AC & DC harmonic filters, DC lines and circuit breakers, which increase transmission line efficiency and speed up power transfer
  • The HVDC transmission market is expected to take a minimal amount of time before recovering from the impact of the COVID-19 pandemic due to increasing renewable energy efforts globally
  • Moreover, the government targets for achieving clean energy goals are anticipated to propel the market despite the pandemic. For instance, The Biden Administration announced a net-zero emission target for U.S. states by 2050. Similarly, China has also announced a net-zero target by 2050. As the renewable energy landscape proliferates, the high voltage transmission systems demand is anticipated to rise rapidly.

Recent Developments in the Industry:

  1. In March 2021, Siemens Energy had a joint venture with the Sumitomo Electric commission to connect India’s first High Voltage Direct Current (HVDC) link featuring voltage-sourced converter (VSC) and DC-XLPE cable technology. The 2,000 megawatts (MW) electricity transmission system consists of two converter stations connected via two links comprising DC-XLPE cable and an overhead transmission line. It enables the power exchange between Pugalur in the southern state of Tamil Nadu and Trichur in Kerala State in South-West India

HVDC Transmission Market Segmentation Analysis:

As per the research analysis, the global HVDC transmission market is segmented by technology, configuration, voltage, application and region. By technology into capacitor commutated converter (CCC), voltage source converter (VSC) and line commutated converter (LCC). By configuration into point-to-point, back-to-back and multi-terminal. By voltage into 350 kV, 350-640 kV, 640-800 kV and 800 kV. By Application into bulk power transmission, interconnection of grids, infeed urban areas, offshore grid and others.

  1. Capacitor Commutated Converter (CCC)- The HVDC market was introduced to capacitor commutated converters (CCC) at the end of 1990 and they have been used for business purposes since 1999. Numerous installations with great operating performance have been used globally; however, these installations were only limited to back-to-back installations up until now. The CCC concept also has significant benefits for installations with lengthy DC cables; thus, it has been brought up for several HVDC projects involving DC cable installations.
  2. Voltage Source Converter (VSC)- Using components suitable for high-power electronic applications, such as IGBTs, Voltage Source Converters (VSC) connect HVAC and HVDC systems. VSCs can self-commutate, which allows them to produce AC voltages without relying on an AC system. As a result, black start capability and rapid independent control of active and reactive power are possible. For their constituent parts, such as the 2-level or 3-level converter and the so-called “modules” in an MMC, VSCs maintain a constant polarity of the DC voltage. Switching the current’s direction can change the direction of power flow. As a result, VSCs can be integrated into multi-terminal DC systems more quickly.
  3. Line Commutated Converter (LCC)- Line commutated converters (LCCs) convert when ac supply controls the operation mode. LCCs permit the power conversion processes of ac to dc, ac to ac and dc to ac. Based on thyristor power semiconductors, LCC is an established, cost-effective HVDC technology that allows for the bulk transfer of up to 8 GW of power. LCCs also have built-in DC fault protection because of the substantial DC inductor at the line ends. They are perfect for back-to-back schemes and are available as point-to-point overhead lines, submarine cables and land cables

Geographical Classification:

According to the report, the global HVDC transmission market is segmented into major regions, i.e., North America, South America, Asia-Pacific, Europe, Middle East and Africa.

Asia-Pacific HVDC Transmission Market:

  • Asia-Pacific is a rapidly industrializing region that is experiencing tremendous economic growth. It has led to a high concentration of manufacturing industries across various sectors such as manufacturing, aerospace, chemicals, automotive and electronics.
  • The region’s various countries are at different industrialization and economic development stages. Some countries, such as Japan, Australia, Taiwan and South Korea, are highly developed, whereas others, such as China, India, Vietnam, Thailand, Indonesia and Malaysia, are rapidly developing. Still, other countries such as Myanmar, Nepal, Bangladesh, Sri Lanka and Cambodia are underdeveloped. Governments in the region are investing significant value in installing new generation, transmission and distribution capacity while also upgrading existing infrastructure.
  • China: China’s largest economy in the region generates substantial energy demand due to its large industrial base. China has been implementing various HVDC projects to cater to rising energy demand better.
  • India: India is another major emerging economic power in Asia-Pacific. The Indian government has launched a national electrification project undertaking the construction of new transmission lines and the upgradation of existing HVDC lines. In June 2021, India commissioned its first voltage source converter (VSC)-based HVDC system with the operationalization of a 320KV 2000 MW line between Pugalur in Tamil Nadu and Thrissur in Kerala.
  • Japan: Japan is a major developed and industrialized country that generates significant electricity demand. The country is undertaking the construction of new HVDC lines to increase the interoperability of the national grid. For example, in April 2021, Japan commissioned a new east-west HVDC transmission line between the Nagano and Gifu prefectures. The new line is expected to increase the total interconnection capacity of the grid by 900 MW.
  • South Korea: South Korea is another major developed country undertaking electricity grid upgradation. In February 2020, GE Grid Solutions completed the upgradation of the HVDC link between the South Korean mainland and Jeju island, thereby allowing for more efficient power transmission. Due to increasing economic development and industrialization, the HVDC transmission market in South Korea is likely to increase significantly in the coming years.
  • Rest of Asia-Pacific: The Rest of Europe includes countries such as Vietnam, Taiwan, Australia, Thailand, Indonesia and Malaysia. The growing energy demand led companies to shift towards the region, improving the market share for HVDC transmission in the rest of the Asia-Pacific. Furthermore, Cheap labor, low taxes and other industry-friendly policies compared to other developing countries are major factors prompting the shift, leading to lower prices for manufactured goods for consumers in developed countries. The region has experienced tremendous economic growth in the last two decades, leading to various socio-economic changes.

Make an Enquiry before purchasing the full report @ https://www.datamintelligence.com/enquiry/hvdc-transmission-market

Competitive Analysis:

  • The major players are adopting several growth strategies, such as product launches, innovative technologies, acquisitions and collaborations, contributing to the growth of HVDC Transmission in Europe. For example, in July 2021, Hitachi ABB Power Grids in India successfully commissioned one of India’s longest ultra-high voltage direct current (UHVDC) transmission lines on behalf of Power Grid Corporation of India Limited. More than 80 million people can receive electricity from the 800 KV, 6GW network. There are 1,800 kilometers between Raigarh in the center of India and Pugalur in Tamil Nadu. By integrating conventional and renewable energy production, the connection improves grid resilience and stabilizes the electrical grid.

Major Companies:

  • Some key companies contributing to the market’s growth include Siemens, ABB, General Electric, Hitachi Energy Ltd., Mitsubishi Electric Corporation, Schneider Electric, NKT A/S, Nexans, NR Electric Co., Ltd. and Toshiba Energy Systems & Solutions Corporation and others.

Related Reports:

Flexible AC Transmission System (FACTS) Market Configuration (Series, Shunted, and Combined), By Product (Static Var Compensator (SVC), Thyristor Controlled Series Capacitor (TCSC), Static Synchronous Compensator (STATCOM), and Unified Power Flow Controller (UPFC)), By Voltage (132 kV to 220 kV, 220 kV to 660 kV, and Above 660 kV), By End User (Utilities, Renewables, Smart grid, Railways, Metals and Mining, and Oil and Gas), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East and Africa)

Transmission Sales Market is Segmented By Compression Media(Air Compression, Gas Compression), By Type(Reciprocating Compressor, Rotatory Compressor, Centrifugal Compressor), By End-User(Oil & gas, Power Generation, Water & Wastewater Management, Others), By Application(Artificial Lift, Gas Processing Station, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)

Automotive Transmission Market is segmented By Transmission Type (Automatic, Manual, Semi-automatic Transmission, Dual-clutch Transmission, Continuously Variable Transmission), By Vehicle Type (Two Wheelers, Passenger Vehicles, Commercial Vehicles (LCV, HCV)), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)

Positron-Emission Tomography (PET) Market is segmented By Product Type (Full-Ring PET Scanners, Partial Ring PET Scanners), By Application (Cardiology, Neurology, Oncology, Others), By End-User (Hospitals, Diagnostic Centers, Academic & Research Centers, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)

Additional Benefits Post Purchase:

1) Unlimited Analyst support for a period of 1 year.

2) Any query regarding the scope offered will be addressed within 24- 48 hours.

3) An excel sheet with market numbers will be provided separately.

The Full Report has the below insights.

  • The report offers a comprehensive evaluation of the market in terms of Market Value (US$) and Y-o-Y Growth Rates (%). It does so via in-depth qualitative insights, historical data (2020-2021) and verifiable market size projections (2022-2029).
  • Visualize the composition of the global HVDC transmission market segmentation by technology, configuration, voltage, capacity, applications and region, highlighting the key commercial assets and players.
    • By Technology: Capacitor Commutated Converter (CCC), Voltage Source Converter (VSC) and Line Commutated Converter (LCC)
    • By Configuration: Point-to-Point, Back-to-Back and Multi-terminal
    • By Voltage: 350 kV, 350-640 kV, 640-800 kV and 800 kV
    • By Capacity: Less Than 20 mAh, 20-500 mAh and More than 500 mAh
    • By Application: Bulk Power Transmission, Interconnection of Grids, Infeed Urban Areas, Offshore Grid and Others.
    • By Region: North America, South America, Asia-Pacific, Europe and the Middle East and Africa
  • Identify commercial opportunities in Global HVDC Transmission Market by analyzing trends and co-development deals.
  • The report also covers data insights on various industry forces such as porter’s five forces, regulations in each country, reimbursement scenario, technological advancements, PEST analysis and pricing analysis.
  • Excel data sheet with thousands of Global HVDC Transmission Market-level 4/5 segmentation data points.
  • PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
  • Product mapping in excel for the key product of all major market players
  • The report will provide access to approximately 50+ market data tables, 40+ figures and close to 180 pages.

About Us:

DataM Intelligence 4Market Research is a market intelligence platform that gives access to syndicated, customized reports and consulting to its clients in one place. As a firm with rich experience in research and consulting across multiple domains, we are a one-stop solution that will cater to clients’ needs in key business areas. DataM Intelligence has an online platform whose coverage includes industries such as chemicals and materials, agriculture, health care services, animal feed and food & beverages, among others.

Our platform has Insights into markets that uncover the latest market research data distinct from the competition. With coverage across ten major industries in the marketplace research, DataM Intelligence benefits thousands of companies by helping them take their innovations early to the market by providing a complete view of the market with statistical forecasts. Our strategy-centric framework and value-added services will give individuals and corporates easy access and custom personalization to research and markets.


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

Retail Analytics Market worth $25.0 billion by 2029 – Exclusive Report by MarketsandMarkets™

Published

on

retail-analytics-market-worth-$25.0-billion-by-2029-–-exclusive-report-by-marketsandmarkets™

CHICAGO, March 28, 2024 /PRNewswire/ — Adoption of real-time capabilities and sophisticated analytics, such as artificial intelligence, for omnichannel integration and improved customer experiences is what the Retail Analytics Market will look like in the future. Partnerships for innovation, a rising emphasis on sustainability and ethical analytics, supply chain optimisation, in-store analytics, and a focus on data privacy and security will all be critical.

The Retail Analytics Market is projected to grow from USD 8.5 billion in 2024 to USD 25.0 billion by 2029, at a compound annual growth rate (CAGR) of 24.0% during the forecast period, according to a new report by MarketsandMarkets™. The Retail Analytics Market is expected to grow significantly during the forecast period, owing to various business drivers like the increasing increasing adoption of omni-channel retail strategies, exponential growth of e-commerce platforms, and proliferation of data generated through diverse channels is also responsible for driving the market’s growth.
Browse in-depth TOC on “Retail Analytics Market”
300 – Tables 75 – Figures310 – Pages
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=123460609
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
Offering, Business Function, Application, End User, and Region
Geographies covered
North America, Asia Pacific, Europe, Middle East & Africa, and Latin America
Companies covered
Microsoft (US), IBM (US), SAP (Germany), Oracle (US), Salesforce (US), MicroStrategy (US), SAS Institute (US), AWS (US), Qlik (US), Teradata (US), WNS (India), HCL (India), Lightspeed Commerce (Canada), RetailNext (US), Manthan Systems (India), Fit Analytics (Germany), Trax (Singapore), ThoughtSpot (US), RELEX Solutions (Finland), Tredence (US), Creatio (US), Solvoyo (US), datapine (Germany), Sisense (US), EDITED (UK), Retail Zipline (US), ThinkINside (Italy), Dor Technologies (US), Triple Whale (Israel), Flame Analytics (Spain), Alloy.ai Technologies (US), Conjura (UK), Kyvos Insights (US), Pygmalios (Slovakia), and SymphonyAI (US)
 
By Software by analytics type, the predictive analytics segment to register for the largest market size during the forecast period.
By software by analytics type, the predictive analytics segment is expected to register the largest market size during the forecast period. Predictive analytics software can help forecast sales volumes, identify demand fluctuations, and predict customer preferences, enabling retailers to optimize pricing strategies, allocate resources efficiently, and tailor marketing campaigns to target specific customer segments. Recent advancements in predictive analytics technology, including the integration of AI and machine learning algorithms, have further enhanced the capabilities of predictive analytics software, enabling retailers to gain deeper insights, make more accurate predictions, and drive greater business value.
Request Sample Pages@ https://www.marketsandmarkets.com/requestsampleNew.asp?id=123460609
By services, managed services to register for the highest CAGR during the forecast period.
The managed segment of the Retail Analytics Market is growing rapidly. Managed service providers (MSPs) offer tailored solutions that cater to the unique needs and challenges of retailers, delivering insights that drive operational efficiency, enhance customer engagement, and drive revenue growth. MSPs employ skilled professionals with expertise in data analysis, machine learning, and retail industry trends, enabling retailers to harness the full potential of their data assets. Additionally, managed services provide scalability and flexibility, allowing retailers to adapt to changing business requirements and market dynamics without the need for significant investments in infrastructure or personnel.
By region, Asia Pacific accounted for the highest growth rate during the forecast period.
Asia Pacific is witnessing significant growth in the Retail Analytics Market. The surging popularity of e-commerce, with regions like China and India leading the charge, is a major growth driver. Retailers are increasingly reliant on data to understand online consumer behaviour, optimize pricing and promotions, and personalize marketing efforts. Additionally, the growing adoption of the Internet of Things (IoT) in stores is generating vast amounts of data on customer traffic, product interaction, and inventory levels.
Top Key Companies in Retail Analytics Market:
Some major players in the Retail Analytics Market include Microsoft (US), IBM (US), SAP (Germany), Oracle (US), Salesforce (US), MicroStrategy (US), SAS Institute (US), AWS (US), Qlik (US), Teradata (US), WNS (India), HCL (India), Lightspeed Commerce (Canada), RetailNext (US), Manthan Systems (India), Fit Analytics (Germany), Trax (Singapore), ThoughtSpot (US), RELEX Solutions (Finland), Tredence (US), Creatio (US), Solvoyo (US), datapine (Germany), Sisense (US), EDITED (UK), Retail Zipline (US), ThinkINside (Italy), Dor Technologies (US), Triple Whale (Israel), Flame Analytics (Spain), Alloy.ai Technologies (US), Conjura (UK), Kyvos Insights (US), Pygmalios (Slovakia), and SymphonyAI (US).
Recent Developments:
In February 2024, IBM announced the availability of the popular open-source Mixtral-8x7B large language model (LLM), developed by Mistral AI, on its Watsonx AI and data platform, as it continues to expand capabilities to help clients innovate with IBM’s own foundation models and those from a range of open-source providers.In January 2024, IBM announced its collaboration with SAP to develop solutions to help clients in the consumer-packaged goods and retail industries enhance their supply chain, finance operations, sales and services using generative AI.In January 2024, Salesforce announced the availability of Einstein 1 Studio, a set of low-code tools that enables Salesforce admins and developers to customize Einstein Copilot and seamlessly embed AI across any app for every customer and employee experience.In November 2023, MicroStrategy announced the availability of MicroStrategy ONE in the AWS Marketplace. By bringing together MicroStrategy’s powerful generative artificial intelligence (AI) capabilities for business intelligence (BI) and the scalability and reliability of Amazon Web Services (AWS), customers can now access a ready solution for deploying trusted AI at scale for analytics.In September 2023, Oracle showcased new AI-powered capabilities within Oracle Analytics Cloud. Leveraging the Oracle Cloud Infrastructure (OCI) Generative AI service, the new capabilities assist analytics self-service users to conduct sophisticated analysis and make better business decisions without having to wait for data scientists or IT teams more quickly and efficiently.Inquire Before Buying@ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=123460609
Retail Analytics Market Advantages:
Retailers can better fulfil customer demand by optimising pricing, promotions, inventory management, and product assortment with the use of retail analytics, which offers insights into customer behaviour, preferences, and trends.Retail analytics enables merchants to enhance the overall shopping experience, personalise marketing campaigns, and make customised product recommendations by evaluating customer data from many touchpoints. This increases customer happiness and loyalty.Retail analytics forecasts demand, identifies slow-moving commodities, and optimises replenishment procedures to help merchants maximise inventory levels, minimise stockouts and overstock situations, and increase supply chain efficiency.Through the automation of manual operations, the streamlining of procedures, and the identification of opportunities for cost reduction and performance improvement throughout the retail value chain, from procurement to distribution, retail analytics solutions increase operational efficiency.By helping companies to anticipate market trends, spot new business possibilities, and respond swiftly to shifting customer tastes and shifting market dynamics, retail analytics gives merchants a competitive edge that boosts sales and market share.Through the analysis of trends and abnormalities in transaction data, as well as the mitigation of fraud-related risks and revenue loss, retail analytics assists retailers in detecting fraudulent activity, including fraudulent transactions and refunds.Retail analytics gives businesses the ability to better allocate marketing expenditures, maximise marketing return on investment, and enhance the efficacy of customer acquisition and retention strategies by evaluating the success of marketing campaigns and promotions.Retailers may foresee future trends, take proactive business decisions, and seize market opportunities by using predictive analytics tools to forecast sales, demand, and customer behaviour.Report Objectives
To define, describe, and predict the Retail Analytics Market by offering (software and services), business function, application, end user, and regionTo provide detailed information related to major factors (drivers, restraints, opportunities, and industry-specific challenges) influencing the market growthTo analyze the micro markets with respect to individual growth trends, prospects, and their contribution to the total marketTo analyze the opportunities in the market for stakeholders by identifying the high-growth segments of the Retail Analytics MarketTo analyze opportunities in the market and provide details of the competitive landscape for stakeholders and market leadersTo forecast the market size of segments for five main regions: North America, Europe, Asia Pacific, Middle East & Africa, and Latin AmericaTo profile key players and comprehensively analyze their market rankings and core competencies.To analyze competitive developments, such as partnerships, new product launches, and mergers and acquisitions, in the Retail Analytics MarketTo analyze the impact of recession across all the regions across the Retail Analytics MarketBrowse Adjacent Markets: Analytics Market Research Reports & Consulting
Related Reports:
Customer Data Platform Market – Global Forecast to 2028
Speech Analytics Market- Global Forecast to 2029
Intelligent Document Processing Market – Global Forecast to 2027
Contact Center Analytics Market- Global Forecast to 2027
Speech to Text API Market- Global Forecast to 2026
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.
Contact:Mr. Aashish MehraMarketsandMarkets™ INC.630 Dundee RoadSuite 430Northbrook, IL 60062USA: +1-888-600-6441Email: [email protected] Insight: https://www.marketsandmarkets.com/ResearchInsight/retail-analytics-market.aspVisit Our Website: https://www.marketsandmarkets.com/Content Source: https://www.marketsandmarkets.com/PressReleases/retail-analytics.asp
Logo: https://mma.prnewswire.com/media/2297424/MarketsandMarkets_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/retail-analytics-market-worth-25-0-billion-by-2029—exclusive-report-by-marketsandmarkets-302102302.html

Continue Reading

Artificial Intelligence

Full Schedule Released for Hong Kong Web3 Festival 2024

Published

on

full-schedule-released-for-hong-kong-web3-festival-2024

HONG KONG, March 28, 2024 /PRNewswire/ — Following the success of its record-breaking 2023 event, HK Web3 Festival is returning for its second edition from 6 to 9, April at Hall3FG, Hong Kong Convention and Exhibition Centre. Hosted by Wanxiang Blockchain Labs and HashKey Group, the Festival will convene over 160 game-changing projects, 100 media and 300+ notable speakers to exchange up-to-date knowledge, experiences, and views that are expected to shape the narrative around Web3 and blockchain.

With the event taking place in the innovation-rich city of Hong Kong, the Web3 Festival 2024 converges East and West ideologies. It sets four regular conference areas and an open stage, providing an avenue for eclectic discussions around Web3, idol performance, Web3 professional esports tournament, and more!
We’re proud to present our distinguished sponsors and exhibitors:
Title Sponsors: DWF Labs, Internet Computer, MEET48, OKX Web3, TON Foundation, ZA BankStrategic Partner: Cyberport, Hong Kong Trade Development Council (HKTDC), InvestHKPlatinum Sponsors: Chainlink, Cregis, Deepcoin Labs, Gate.io, Gunzilla Games, NEAR Protocol, Neo, Polkadot, Qtum, SlowMist, Telos Foundation, Victory Securities, Zetrix, ZircuitCo-organizers: Arkreen, AWS, Bitcoin Magazine, Nervos CKB, PlatON, SNZ, 香港虚拟资产行业协会, ZANSide Event Partners: ABGA, Animoca Brands & Chromia, Aptos, DRK Lab, Filecoin Foundation, GoPlus, HashKey Exchange, SlowMist, TON Foundation, UOVABOXGold Sponsors: AltLayer, Cards Ahoy!, CESS, Kaspa, Kava, 鲲KUN, Mask Network, PortUS, Roam, Rollux, X-mintPrimary Exhibition Sponsors: Alfa1, Alibaba Cloud, 百道数据, BNB Chain, CertiK, EMC, Google Cloud, Hotcoin, MicrovisionChain, OneKey, XT.comSecondary Exhibition Sponsors: Alchemy Pay, Bitget Wallet, Bitroo, CE Innovation Capital, Cell Studio, Conflux, Digital Reserve, Initiate Capital, Japan Open Chain, Nervape, NovaX Finance, OceanFi, PIN Labs, TynmoSpace, VoiceStreet, W3SA-HKTertiary Exhibition Sponsors: 100x, Akamai, Alaya AI, Bit.Store, Bullish, ChainUp, Cloud Ace, Daling Research, dappOS, Dexpert.io, ELLIPAL, EngageLab, Hacken, ICG Trading, imToken, Keyblock Solutions, Landlord, MoreLogin, MuskEX, Notifi, OpenSand, PingCAP, PrivateAI, 山海坞, StaFi, TaxDAO, Tencent Cloud, TokenPocket, TruBit, UD Blockchain, WatchX, 伊克罗德信息+IOST, zCloak NetworkKnowledge Partners: Brevis, CoinMarketCap, Flow TradersCoffee Bar Sponsor: ZetrixOpen Stage Sponsors: KongGold, 玛特宇宙, MATR1X & GEDA Esports, NovaX Finance, NuLink, OceanFi, The SandboxWelcome Bag Sponsor: d.id, VIP3Exclusive Video Partner: SpinorApril 6th – FIRST DAY
The opening ceremony will kick off at the Main Stage on the morning of April 6th. Speakers of the ceremony will include:
Dr. Xiao Feng, Chairman, Wanxiang Blockchain; Chairman and CEO, HashKey GroupMichael Wong Wai-lun, GBS, JP, Deputy Financial Secretary, Hong Kong Special Administrative RegionDeng Chao, Head, HashKey Singapore, CEO, HashKey CapitalCathie Wood, Founder, CEO and CIO, ARK InvestDuncan Chiu, Legislative Council Member (Technology & Innovation Constituency), Hong KongSimon CHAN, Chairman, Hong Kong Cyberport Management Company LimitedGenki Oda, Chairman, Japan Virtual and Crypto assets Exchange AssociationDavid Lee, Chairman, Global FinTech InstituteYang Jinyan, Secretary General, Hong Kong Virtual Assets Industry AssociationDominic Williams, Founder and Chief Scientist, DFINITY FoundationSteve Yun, President, TON FoundationJohn Hyman, Chief Investment Officer, Telegram APPOn the afternoon of April 6, intriguing sessions will take place concurrently at the Main Stage, Stage 1-4, and Open Stage.
–          Main Stage – Journey to Building Hong Kong into a Digital Economic Hub
Focusing on Hong Kong policies, regulation and fintech development, this session will gather professionals and project leaders including:
Livio Weng, COO, HashKey Group; CEO, HashKey ExchangeEugene Ng, Founding Partner, DWF LabsHong, President, OKX,Charlie Chen, Vice President, Asia Pacific, ArchblockRita Liu, CEO, RD TechnologiesRaagulan Pathy, Vice President, Asia Pacific, CirclePaul Kremsky, Head of Business Development, CumberlandJordan Dunne, Head of DeFi, TON Wallet in TelegramSergey Nazarov, Co-Founder, ChainlinkAlice Liu, Research Lead, CoinMarketCapDevon Sin, Alternate Chief Executive, ZA BankFrank Zhang, Executive Director, OKX Hong KongPaolo Chen, CSO, VDXDarshan Vaidya, CEO & Co-Founder, CredoraRichard Teng, Chief Excutive Officer, BinanceAnna Liu, General Manager of Tokenisation, HashKey GroupEmily Parker, Former CoinDesk and US State DepartmentJupiter Zheng, Partner, HashKey CapitalDeborah FUHR, ETFGI, Managing Partner, Founder, OwnerGiovanni Vicioso, Global Head of Cryptocurrency Products, CME GroupGiselle Lai, Associate Investment Director of Digital Assets, Fidelity InternationalJean-Francois MESNARD-SENSE, Senior Vice President & Head of Exchange Traded Products, Hong Kong Exchanges and Clearing LimitedDerek Wang, Head of Sales & Client Service, Bosera InternationalChen Yu, Chief Advisor, KUN-          Stage 1 – GameFi New Paradigm
Co-organized by Gunzilla Game, this session will dive into the magic of Web3 games, as well as user behaviors in Web2 and Web3 games. It will feature an eclectic lineup of speakers from across the globe:
Yat Siu, Co-Founder and Chairman, Animoca BrandsKevin Shao, Co-Founder of Bitrise Capital, Executive Chairman of ABGA, Advisor to ICC GroupJerry Liu, Gunzilla GamesArron Goolsbey, COO, Mythical GamesJason Gu, CEO, NetEase Chain; Game Advisor, Cards Ahoy!Andy Dan, Head, HashKey JapanRyo Matsubara, Representative Director, Oasys Pte. Ltd.Seihaku Yoshida, CEO, HashPortYASUSHI TERAMURA, Head of Blockchain Business, gumi Inc.Yoshiaki Harai, Director, Brilliant CryptoPär Helgosson, Head of Web3 and Metaverse, PARIS SAINT-GERMAINLeo, CGO, CARVAnthony Blackburn, Growth Lead, Gunzilla GamesEllidan Cober, SMILECOBRA PTE. LTD. O-PrincipalAnn Chien, Partner, IVCRiccardo Sibani, CPO, My Neighbor AliceMichael Tong, Founder, Xterio; CSO, FunplusViola Lee, COO, Metalist Game; Operation Manager, Cards Ahoy!-          Stage 2  – Web3+AI
Co-organized by AWS, the “Web3+AI” forum will be held at Stage 2, discussing trending topics around the integration of Web3 and AI. Confirmed speakers of this session include:
John Liu, Head of Products for Blockchain and Web3, AWSYike Guo, Provost, The Hong Kong University of Science and TechnologyYu Du, General Manager, Wanxiang Blockchain Labs; Initiator, Future3 CampusSeth Ginns, Managing Partner and Head of Liquid Investments, CoinFundYilin Hu, Associate Professor of Department of the History of Science, Tsinghua University; Founder, HuawenDaoSY Lee, CEO and Co-founder, Story ProtocolEthan Sun, Co-Founder, MyshellYu Hu, CEO, Kaito.aiSaneel Sreeni, Founding Member, Ritual.netAmber, Co-Founder, No CapitalAkina Ho, Co-Founder, AllStarsWomen DAOAnnie Hui, COO and Co-Founder, Custonomy Company LimitedMegan, CEO, RegtankTess Hau, Founder, Tess VenturesThe “Web3+AI” forum will also feature a special session, where Dr. Xiao Feng and John Liu will announce the projects selected into Future3 Campus Cohort III, powered by Wanxiang Blockchain Labs and partnered with HashKey Capital.
–          Stage 3 – Digital Asset Custody and Blockchain Security
Sessions on Stage 3 will feature a wide range of topics on digital asset custody and blockchain security, joined by professionals and experts including:
Pauline Fan, Senior Vice President, Fintech, InvestHKKang Li, Chief Security Officer, CertiKAnthony Chung, Chief Product Executive, CregisKeywolf, Partner and CPO, SlowMistEskil, Co-Founder, GoPlusYiqun, Product Lead, imTokenXiao Zhang, Founder, zCloak NetworkZack Yang, Co-Founder, FOMO PayChristoph Simmchen, Co-Founder, Safe Ecosystem FoundationYQ, Founder, AltLayerMichael Chen, Head, HashKey WealthLily Z. King, COO, CoboTRUNG BANH, Co-Founder & Chief Product Officer, HOLDSTATIONMichael Lau, Senior Vice President & Global Head of Sales, BullishMatthew Le Merle, Managing Partner and CEO, Blockchain Coinvestors-          Open Stage
The Open Stage will feature various trending topics around Web3, bringing together bigwigs like:
Tim Yang, Founder and CEO, .bitCharles, Co-founder, VIP3Viola Lee, COO, Metalist Game, Operation Manager, Cards Ahoy!Yilin Hu, Associate Professor, Department of the History of Science, Tsinghua UniversityBo Chen, CEO, 玛特宇宙                            April 7th – Day II
–          Main Stage – Layer1 + Layer2
The “Layer1+Layer2” Forum will be held on April 7th at the Main Stage, focusing on trending topics such as the latest landscape of Layer1, sustainable public chain, successful applications, Layer2 development, uses cases, ecosystem service and applications, best practice, investment trend, BTC Layer2, and more. Confirmed speakers of this forum include:
Avery Ching, Co-Founder and CTO, Aptos LabsDato Fadzli Shah, Co-Founder, ZetrixLily Liu, President, Solana FoundationScott Stuart, Co-Founder, KavaHaseeb Qureshi, Managing Partner, Dragonfly CapitalKai Xu, COO, MEET48Eli Ben Sasson, CEO and Co-founder, StarkWareSmokey, Co-Founder, BerachainRoss Zhang, Managing Partner, SNZ CapitalTom Ngo, Executive Lead, MetisTerence Lam, COO, TaikoSergei Medvedev, CMO, IntMaxLeo Fan, Founder, CysicYQ, Founder, AltLayerAngel Xu, Co-founder, ZircuitSam Seo, Representative Director, Klaytn FoundationSreeram Kannan, CEO, EigenLabsKeith Chen, Managing Director, SNZ CapitalMo Dong, Co-founder, BrevisDaniel Marin, CEO, NexusGeorgi Koreli, Founder, HinkalFubiao Xia, Co-founder, PADO LabsDennis Song, Chief Security Officer, Mind NetworkRyan Chen, Managing Partner, HashKey CapitalLasse Clausen, Founding Partner, 1kxAlexander Pack, Managing Partner, HackVCVineet Budki, Managing Partner and CEO, Cypher CapitalGavin Wang, CIO, SNZ CapitalEmma Cui, Co-Founder & Managing Partner, Longhash VenturesRena Shah, VP of Product & Operations (stacks ecosystem), Trust MachinesCipher, Co-founder, Cell StudioEason, CEO, TerpLayerBlue, Partner and CTO, SlowmistJan Camenisch, CTO, DFINITY Foundation-          Stage 1 – DePIN
DePIN represents a new paradigm for building and managing physical infrastructure, and is undoubtedly a game changer for the crypto sector. Get ready to explore the current DePIN landscape and RWA at this forum co-organized by arkreen Stage 1, where you’ve got the chance to connect with an all-star lineup of guest speakers, top DePIN project founders, investors, and visionaries.
Abhay Kumar, CEO, Helium FoundationAndy Chatham, Co-Founder, DIMOSal Gala, Founder, EV3Ivy Peng, Founder, Open Infra CapitalYu Du, General Manager, Wanxiang Blockchain Labs; Initiator, Future3 CampusLeo Lin, Founder, arkreenYuan Gao, Head of Growth, Helium FoundationKuleen Nimkar, Head of DePIN, Solana FoundationHenrique Centieiro, Research Manager, Hashkey CapitalAdrian Clevenot, Digital Assets Markets Lead, PwC HKYves La Rose, CEO, EOS Network FoundationRichard Liu, Co-founder & Co-CEO, Huma FinanceHenry Zhang, Founder & CEO, DigiFTKazuhiro Sudo, COO, BOOSTRYAbba Garba, Head of Product and Partnership, arkreen NetworkFredrik Ahlgren, CEO and Co-founder, Srcful.ioDayon Elings, Business Developer, bloXmoveTing, Founder, PowerPodSascha Kubisch, Co-Founder & CTO, PenomoAlex, Co-Founder, EMCDiana Biggs, Partner, 1kxKang Shen, Founder, Hash GlobalRay Xiao, Senior Director, IOSG VenturesEo Hao, Co-Founder, Future Money GroupDexter Luo, General Manager of Ecosystem Partnership, Fibocom WirelessJose Marcelino, Solutions Architect, RAKwirelessJoey Jiang, VP, SeeedstudioYiming Wang, Partner, JDIYuning Liang, Founder & CEO, Xcalibyte & DeepComputingDaniel Andrade, CTO & Co-Founder, HotspottyNico Burkart, Partnerships & Business Development, Streamr NetworkLuis Gruson, Co-Founder and BD Lead, KwilChess, CEO, GMNetworkAndrew Law, Research Scientist, IoTeX-          Stage 2 – The Future of Web3 & Web3 Payment Re-imagined
The morning session at Stage 2 will convene Web3 bigwigs across the globe to explore the next big thing that’s shaping the future of Web3.
Chae Ho Shin, CFO, 1inchAkif, Regional Growth Lead, Deepcoin LabsKevin Lee, CEO, Gate.HKJehan Chu, Founder, Kenetic Capital;Uri Ferruccio, CEO, ConcordiaAugie, Head of Asia, CMTStanley Huo, Partner & Head of Asia, Hivemind CapitalSteve Lee, Co-Founder & Managing Partner, Neoclassic CapitalBalal Khan, Co-founder, ZKEX.comAdrian Wang, Founder and CEO, MetalphaShawn Lim, Founder & Partner, Artichoke CapitalPaul Kim, Notifi CEOSmokey, Co-Founder, BerachainTim Wang, COO, Elixir NetworkRushi Manche, CEO, Movement LabsThe spotlight will be on Web3 payment at the afternoon session co-organized by PlatON, discussing topics like “Innovative use cases in Stablecoins”, “Global Regulatory Focus Trends Discussion in Web3 Payment”, and more. It will bring together esteemed speakers including:  
Abdallah Abu-Sheikh, Co-Founder of Astra Tech & CEO of BotimCharles Huang, Chairman of DCS Fintech HoldingsAnson Zeall, Chief Strategy Officer and Head of Compliance at dtcpayAdam Farhat, Director of Partnerships, Alchemy PayHelen Chen, Senior Director, Payment AsiaLi Hui, CEO, FatpayCeridwen Choo, CEO, DCS InnovDaniel Lee, Head of Web3, Banking CircleLaurence Yuan, Partner, Fangda PartnersPaul Li, President, Hong Kong Fintech Industry AssociationEmil Chan, Co-Chair, Hong Kong Digital Finance AssociationChen Yu, Chief Consultant, KUNJason Gu, CEO, NetEase ChainAmor Maclang, Convenor, International Digital Economies Association-          Stage 3 – Web3 Infrastructure & Web3 Mass Adoption
At the morning session at Stage 3, a wide range of topics will be discussed around Web3 infrastructure. Intriguing discussions will surely ignite the stage with the participation of world-leading projects like Qtum, Polygon Labs, Conflux, Neo, Google Cloud, Kaspa, Avail, ChainIDE, BNBChain, Astar, Ripple, Manta, and more. Confirmed speakers of this session include:
Marc Boiron, Chief Executive Officer, Polygon LabsMiguel Palencia, Co-Founder, QtumMing Wu, Co-Founder & CTO, ConfluxDa Hongfei, Founder, NEORishi Ramchandani, Head of APAC Web3 GTM, Google CloudJagdeep Sidhu, CEO/President, SYS Labs/SYS FoundationShai Wyborski, Core Researcher, GHOSTDAG coauthor, KaspaAnurag Arjun, Co-Founder, AvailLing, Founder of ChainIDE, Executive Committee Member of ETH RiyadhSarah, APAC BD Lead, BNBChainMingshi Song, Head of Strategy, Astar NetworkEmi Yoshikawa, VP, Strategic Initiatives, RippleKenny Li, Co-Founder, Manta NetworkThe afternoon session aims to delve deep into the transformative concepts and technologies that are driving the mass adoption of Web3. Co-organized by ZAN, this forum will gather professionals and visionaries exchange insights and shed light on solutions towards Web3 mass adoption. It will feature an all-star lineup of speakers including:
Bin Chen, General Manager, Shanghai Wanxiang Blockchain IncVictor Zhou, CEO of Namefi, Ethereum EIP EditorHUI ZHANG, CEO, ZANYisi Liu, Co-Founder and CTO, Mask NetworkDongliang Guo, VP, Product & Solutions, Alibaba Cloud InternationalRich Rines, Initial Contributor, Core DAOZheming Lin, Co-Founder and CEO, Mempool and DotWalletCobe Zhang, Head of Web3 and AI products, ZANCipher, Co-founder, Nervos; Founder, Cell StudioJerry Li, CEO, Artela NetworkPeet, Co-Founder, Trusta LabsKai Xu, COO, MEET48Ken, Partner & Head of APAC Investment, Web3Port FoundationSam, Operation Manager, TokenPocketShier, Co-Founder, NFTScan LabsCharles, Co-Founder, VIP3Rene Z, Founder, CharacterXDaniel Dai, Partner, LFGEva Beylin, Director, The GraphTegan Kline, CEO, Edge & Node-          Open Stage
Notable speakers worldwide will be gathered at the Open Stage for ground-breaking discussions on Web3 and blockchain:
Jason Runyon, CEO, NovaXOlaf Niggemann, CEO, OceanFiKathy Qu, Research Manager, HashKey CloudJason Choi, Head of Strategy, CointelegraphSreeram Kannan, Founder, EigenlayerDavid Tse, Co-Founder, BabylonChainDorothy Liu, Head of Growth, Altlayer.ioLucas Kozinski, Founding Contributor, Renzo ProtocolRanvir Rana, Co-Founder, WitnessChainErich Wong, Head of Growth of, The Sandbox Hong KongRachel Lee, Senior Manager, FinTech, CyberportAlso enjoy an excellent idol performance like no other given by SNH48 Group!
April 8th – DAY III
Get yourself immersed in a crypto journey on April 8th with side-event partners as they take the center stage at the Festival.
Main Stage: TON At Web3 Festival
Stage 1 (Morning): Only On Aptos
Stage 1 (Afternoon): Hong Kong Web3 Festival 2024 Official GameFi Side Event
Stage 2 (Morning): HashKey Exchange: New Era for Compliant Trading
Stage 2 (Afternoon): GoPlus User Security Summit HongKong
Stage 3 (Morning): FIL Hong Kong
Stage 3 (Afternoon): Hacking Time: Web3 Security and Compliance
Web3 Festival Side-events:https://en.web3festival.org/Side_Event.html
An exciting Web3 professional esports tournament will kick off at the Open Stage from April 8 to 9, hosted by Matr1x and GEDA Esports. Get prepared!
April 9th – LAST DAY
The last day of the event will see exciting side-events organized by Animoca Brands & Chromia, DRK Lab, and UOVABOX, alongside two forums held by the hosts and co-organizers.
Forum – BTC Technology Development and Ecosystem Construction
This forum will take place at the Main Stage (morning) and Stage 3 (afternoon), with a special focus on the Bitcoin ecosystem. It will invite:
Jan, Architect, NervosJohn Lilic, Executive Director, TelosJohn Riggins, Partner, BTC IncJeff Ren, Partner, OKX VentureXing Kong, Founder, Bixin GroupShen Yu, Co-Founder & CEO, CoboDU JUN, CEO, SINOHOPEJeffrey Hu, Head of Investment Research, HashKey CapitalBen, Founder, Discoco labsArthur, Creator, AtomicalsCipher, Co-founder, Nervos; Founder, Cell StudioRena Shah, VP Products & Operations, Trust MachinesDavid Tse, Founder, BabylonJeff, Founder, Merlin ChainHan Tang, Founder, SeeDAOYunwen, Researcher, CryptapeZhao Zhang, CTO, OneKeyShawn, Head of Incubator, SeeDAOForest, Founder, Foresight Ventures; Chairman of The BlockJianping Kong, Founder, Nano LabsWang Feng, CEO & Founder, ElementBrutoshi, Co-Founder, Wizz WalletZhixiong Pan, Co-Founder, ChainFeedsKeith Chen, Managing Partner, SNZ CapitalJerry Liu, Founding Partner, Waterdrip CapitalAudrey Tang, Founder, DRK LabBMAN, Co-Founder, ABCDEForum- Restaking & DeFi
This forum will take place at the Stage 1 (morning). It will invite:
Arisa Toyosaki, Co-Founder and CEO, CegaPhilip Forte, CEO, ElixirCharles d’Haussy, CEO, dYdX FoundationJoseph Poon, CEO, WarpFiona Ma, Senior Associate, DWF VenturesJacob Ko, Founding Partner, SuperscryptMin Teo, Managing Partner and Co-Founder, EtherealAdam, Founding Partner, FinalityAlan Curtis, CEO, Rio NetworkTina Haibodi, External Strategy Lead, Eigen LabsForum- Tokenization
This forum will mark an official end to this incredible journey, where you’ve got the chance to connect with:
Yike Guo, Provost, The Hong Kong University of Science and TechnologyDuncan Chiu, Legislative Council Member (Technology & Innovation Constituency), Hong KongDr. XIAO Feng, Chairman of Wanxiang Blockchain, Chairman and CEO of HashKey GroupLeo Lin, Founder, arkreenCao Meiying, Co-Initiator, ThreeDAOLeo, Co-Founder & Chief Content Officer, Moore FinanceAlex, Co-Founder, VIP3Leo Li, CEO, HashKey CloudLoong Pui Fung Andrew, Principal Consultant, Cascade Capital LimitedKennix Chan, Executive Director, Victory Securities Company LimitedMerida PAN, COO, Magic Circle Technology LimitedHannah Cassidy, Partner, Herbert Smith Freehills; Asia Head, Financial Services RegulatoryJong-Goo Yi, Senior Foreign Attorney, Kim & ChangJay Lee, Partner, K&L Gates 
About Web3 Festival 
Hong Kong Web3 Festival is a premier Web3 event hosted by Wanxiang Blockchain Labs and HashKey Group, and organized by W3ME. Hong Kong Web3 Festival provides an open stage to foster collboration, explore the Web3 landscape and establish a shared vision of the digital future. Learn more at web3festival.org
Photo – https://mma.prnewswire.com/media/2374451/Hong_Kong_Web3_Festival_2024.jpg
Photo – https://mma.prnewswire.com/media/2374452/The_Agenda_Hong_Kong_Web3_Festival_2024.jpg

View original content:https://www.prnewswire.co.uk/news-releases/full-schedule-released-for-hong-kong-web3-festival-2024-302102650.html

Continue Reading

Artificial Intelligence

Aryaka’s 2024 Secure Network Transformation Report: 81% of IT Pros Say Hybrid Work Drives Demand for SASE and Zero-Trust Networking

Published

on

aryaka’s-2024-secure-network-transformation-report:-81%-of-it-pros-say-hybrid-work-drives-demand-for-sase-and-zero-trust-networking

70% seek SASE and SD-WAN convergence for simplified network security management
SANTA CLARA, Calif., March 28, 2024 /PRNewswire/ — CIOs, CISOs and IT leaders are drowning in complexity as they manage hybrid workforces, cloud adoption and the ever-evolving threat landscape. A new report from Aryaka®, the leader and first to deliver Unified SASE as a Service, reveals that Secure Access Service Edge (SASE) and Software-Defined Wide Area Networking (SD-WAN) are rapidly becoming essential tools for navigating this complex environment.

The Secure Network Transformation Report 2024 surveyed 202 IT, security and network professionals, director-level and above, across North America, EMEA and Asia. The findings paint a picture of the industry’s changing landscape and highlight key emerging trends:
Hybrid Everything Drives Demand for Flexibility: The rise of hybrid work arrangements, coupled with hybrid infrastructure and security deployments, is fueling the need for adaptable and secure network solutions. A significant 81% of respondents say hybrid work is driving demand for SASE and zero-trust networking. This highlights the critical role these technologies play in connecting a complex, hybrid world.SASE and SD-WAN: The Pillars of Modern Network Security: SASE and SD-WAN are no longer seen as niche solutions. The survey found that a staggering 84% of respondents believe SASE is either “mature” or “somewhat mature,” with an even higher number (91%) saying the same about SD-WAN. This maturation positions SASE and SD-WAN as trusted, complementary tools for modern network security strategies. SASE integrates security features with SD-WAN’s network optimization capabilities, ultimately simplifying management and strengthening security.Network and Security Convergence: A sizable majority (70%) of respondents indicated that they see value in converging SASE and SD-WAN solutions. The primary benefits for doing so are multi-pronged. 34% want more robust network operations and security, 24% want less operational burden and 19% want vendor consolidation.Zero-Trust Networking is a Cornerstone of Hybrid Work Security: As more organizations embrace hybrid work, securing access points becomes paramount. The survey revealed that 64% of respondents consider zero-trust security a crucial component of SASE for hybrid work deployments.The Secure Network Transformation Report 2024 also delves deeper into other industry trends. For example, the exponential growth of cloud-based applications and services, including Artificial Intelligence (AI), is placing a notable strain on traditional network architectures. These modern applications require secure, high-performance connections that can dynamically adapt to changing traffic patterns. The report found that 67% of respondents see managed services and SASE playing a greater role in managing these complex environments.
Additionally, the report explores the shift in enterprises moving away from expensive legacy Multiprotocol Label Switching (MPLS) services, with 76% planning to eliminate MPLS, either in the immediate future or in the next 2-3 years. Moreover, 10% of respondents have already eliminated MPLS completely.
“Our report shows that the IT and network security landscape is undergoing a major transformation driven by the rise of hybrid work models and the ever-increasing adoption of AI and cloud-based applications and services,” said Pete Harteveld, Chief Revenue Officer at Aryaka. “Aryaka is listening to its customers and the IT industry at large to deliver innovative solutions that address businesses’ most pressing needs. Our Unified SASE as a Service combines a unified single-pass architecture, global private network backbone, and security, observability and application performance capabilities into a single platform. That alone is unprecedented, but we also deliver it as a service, providing the security as well as the flexibility and affordability today’s IT leaders require.”
Aryaka’s Secure Network Transformation Report 2024 offers a comprehensive analysis of the findings and explores the implications for IT, network and security leaders. To download the full report, please visit: https://www.aryaka.com/reports-and-guides/secure-network-transformation-report-2024/
Additional Resources:For more on Aryaka, please visit: https://www.aryaka.com/Visit the Aryaka blog: https://www.aryaka.com/blog/Follow Aryaka on X: @AryakaNetworksVisit Aryaka on LinkedIn: https://www.linkedin.com/company/aryaka-networks/
About AryakaAryaka is the leader and first to deliver Unified SASE as a Service, the only SASE solution designed and built to deliver performance, agility, simplicity and security without tradeoffs. Aryaka meets customers where they are on their unique SASE journeys, enabling them to seamlessly modernize, optimize and transform their networking and security environments. Aryaka’s flexible delivery options empower enterprises to choose their preferred approach for implementation and management. Hundreds of global enterprises, including several in the Fortune 100, depend on Aryaka for cloud-based software-defined networking and security services. For more on Aryaka, please visit www.aryaka.com.
Technology Media/Analyst ContactLee RegalLumina Communications for [email protected]
Channel Media/Analyst ContactKhali HendersonSenior PartnerBuzzTheory (for Aryaka)[email protected]
Logo – https://mma.prnewswire.com/media/1912191/Aryaka_v2_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/aryakas-2024-secure-network-transformation-report-81-of-it-pros-say-hybrid-work-drives-demand-for-sase-and-zero-trust-networking-302102131.html

Continue Reading

Trending