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Artificial Intelligence

Encryption Software Market to Surpass USD 21.6 Billion by 2028 as World Witnesses Huge Surge in Cyber-Attacks and Data Breaches

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Westford, USA, Jan. 18, 2023 (GLOBE NEWSWIRE) — Increasing ICT usage across industries and the corresponding necessity to secure service users’ private data has resulted in higher demand for encryption software, which is likely to fuel market revenue growth. Organizations employ encryption software to protect their data while sharing it from one remote place to another. The encryption software’s primary goal is to protect data from unauthorized users. Furthermore, many enterprises worldwide adopt encryption to address their growing worries about data security and privacy compliance standards.

Cyber-attacks and data losses have escalated due to increased reliance on mobile technologies. According to SkyQuest’s market insight, 4G technology occupied 61% of the mobile technology market in 2021, and 5G technology has already started rolling out in several countries. As a result, the integration of encryption software has become a critical component of data security and secure data transfer in the twenty-first century. 

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Large Enterprise Segment to Drive High Software Adoption Due to Need for Robust Strategy to Mitigate Security Threats 

As per SkyQuest’s market insights, the large enterprise segment accounted for a dominant share of 34.5% in 2021 and is predicted to post a higher CAGR of 17.3% during the forecast period. Encryption software is expected to gain high traction among large enterprises due to increased digitalization coupled with growing online banking services and e-commerce operations. In addition, large enterprises and leading government infrastructures are more resilient to cyber assaults than SMEs, thanks to a sophisticated risk-mitigation plan.

Large organizations are early encryption users because they employ many personal consumer data and have various business applications vulnerable to cyber-attacks. In addition, a diverse workforce’s widespread use of company data has also increased the risk of data misuse, unlawful access, and data theft. North America held the dominant position in the category and is projected to continue in the same position in the coming years.

SkyQuest’s most recent encryption software market report thoroughly examines the industry’s major drivers, restraints, segmentation, trends, competitive landscape, and other critical elements. The report comprehensively analyses the entire market and its segments and sub-segments using accurate classifications. Furthermore, thorough analysis and evaluation are carried out utilizing trustworthy primary and secondary data sources and feedback from industry professionals.

Solution Segment’s Growth to Take a Giant Leap in the Encryption Software Market

As per SkyQuest’s estimates, the solution segment held 54% of revenue share in 2021 and is expected to witness a high revenue share growth to surpass 63% by 2028. The solutions segment is likely to grow at a high rate throughout the forecast period due to the growing requirement to ensure the privacy and data protection of service users and organizations’ information. The solutions provide that enterprises can secure sensitive data while protecting digital information privacy. It is implemented by using complicated algorithms to scramble the data being delivered. After the data has been received, it can be decrypted with the help of a key provided by the originator.

Browse summary of the report and Complete Table of Contents (ToC):

https://skyquestt.com/report/encryption-software-market

Solutions for securing extremely sensitive data are widely used in the BFSI and healthcare industries. Furthermore, solutions boost client trust by boosting the integrity of stored data and protecting it from fraudsters. Europe and North America, as IT hubs, are particularly vulnerable to cyber-attacks. As a result, they have made more data security investments to mitigate such disasters.

The encryption software market research examines segment growth. It assists you in identifying different pockets of growth and market approaches to discover your primary application areas and the difference in your target markets. Market research evaluates complex data in simple terms and presents the industry’s past and current position and predicted market size and trends.

Key Developments in Encryption Software Market

  • SandboxAQ, a provider of artificial intelligence and quantum computing solutions, announced the acquisition of Cryptosense SA, a provider of cyber security and encryption analysis tools, for an unknown sum. Cryptosense’s service handles compliance issues before deployment, including detecting and remedying potentially dangerous flaws. In addition, the system integrates into continuous integration/continuous delivery and supports software, hardware, and cloud cryptographic services.
  • IronCore Labs, the premier provider of data security for modern cloud applications, has announced the release of Cloaked Search 2.0, an encrypted search proxy that safeguards data in Elasticsearch and OpenSearch. Cloaked Search encrypts sensitive information before it is sent to the search service. Only those who have the correct key can search the data. The search index is worthless to unauthorized users who do not have the key, including cloud platform administrators.
  • Echoworx, the market leader in cloud-based email and statement encryption, announced a collaboration with Saepio Information Security to provide next-generation safe delivery of confidential and sensitive information to any email recipient. Cybercrime and data breach dangers are continuously evolving; having cyber and information security that changes with it is critical for keeping data safe and meeting client needs and regulatory obligations.
  • Dropbox has announced intentions to deliver end-to-end encryption to its corporate users by acquiring “critical assets” from the German cloud security company Boxcryptor. Dropbox can access the keys and view any content that passes through. In addition, Boxcryptor adds an extra layer of protection on the client side with so-called “zero knowledge” encryption, allowing the user complete discretion over who can decode their data.

The research report on the encryption software market includes accessible prospects for stakeholders to invest in micro markets and a complete analysis of key companies’ competitive landscape and product offerings. Furthermore, the researchers conducted a comparative study of the market growth rate with product sales to help business owners identify the success or failure of a particular product or service.

Key Questions Answered in Encryption Software Market Report

  • What is the projected market size and CAGR for the encryption software market for the forecast period?
  • Which region’s market is likely to take a dominant market share during the forecast period?
  • What recent industry developments will impact the market’s future growth?
  • What are leading participants considering as the best strategy for their business expansion?

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Prominent Players in Encryption Software Market

  • Amazon Web Services, Inc. (AWS)
  • Cisco System, Inc.
  • F-Secure
  • Check Point Software Technologies
  • IBM Corporation
  • Fortinet, Inc.
  • Oracle Corporation
  • Microsoft Corporation
  • Trend Micro Incorporated
  • Palo Alto Networks, Inc.

Related Reports in SkyQuest’s Library:

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Global Tunnel Sensor Market

Global Disinfection Robots Market

Global Film Capacitor Market

Global Industrial Automation Sensors Market

About Us:

SkyQuest Technology is leading growth consulting firm providing market intelligence, commercialization and technology services. It has 450+ happy clients globally.

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Artificial Intelligence

$10 million Artificial Intelligence Mathematical Olympiad Prize appoints further advisory committee members

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D. Sculley, Kevin Buzzard, Leo de Moura, Lester Mackey and Peter J. Liu appointed to the advisory committee for the Artificial Intelligence Mathematical Olympiad Prize.
LONDON, April 26, 2024 /PRNewswire/ — XTX Markets’ newly created Artificial Intelligence Mathematical Olympiad Prize (‘AIMO Prize’) is a $10mn challenge fund designed to spur the creation of a publicly shared AI model capable of winning a gold medal in the International Mathematical Olympiad (IMO).

XTX Markets is delighted to announce the appointment of five further advisory committee members. This group brings great expertise in machine learning, including D. Sculley, the CEO of Kaggle; Lester Mackey, a Principal Researcher at Microsoft Research and a Macarthur Fellow; and Peter J. Liu, a research scientist at Google DeepMind.
Prolific mathematicians Kevin Buzzard, who achieved a perfect score in the International Mathematical Olympiad, and Leo De Moura who is the Chief Architect for Lean, the automated reasoning tool, also join the advisory group.
They join the existing advisory committee members Terence Tao and Timothy Gowers, both winners of the Fields Medal, as well as Dan Roberts, Geoff Smith and Po-Shen Loh.
The AIMO Advisory Committee will support the development of the AIMO Prize, including advising on appropriate protocols and technical aspects, and designing the various competitions and prizes.
Simon Coyle, Head of Philanthropy at XTX Markets, commented:
“We are thrilled to complete the AIMO Advisory Committee with the appointments of D., Kevin, Leo, Lester and Peter. Together, they have enormous experience in machine learning and automated reasoning and are already bringing expertise and wisdom to the AIMO Prize. We look forward to announcing the winners of the AIMO’s first Progress Prize soon, and then publicly sharing the AI models to support the open and collaborative development of AI.”
Further information on the AIMO Prize
There will be a grand prize of $5mn for the first publicly shared AI model to enter an AIMO approved competition and perform at a standard equivalent to a gold medal in the IMO. There will also be a series of progress prizes, totalling up to $5mn, for publicly shared AI models that achieve key milestones towards the grand prize.
The first AIMO approved competition opened to participants in April 2024 on the Kaggle competition platform. The first progress prize focuses on problems pitched at junior and high-school level maths competitions. There is a total prize pot of $1.048m for the first progress prize, of which at least $254k will be awarded in July 2024, There will be a presentation of progress held in Bath, England in July 2024, as part of the 65th IMO.
For more information on the AIMO Prize visit: https://aimoprize.com/ or the competition page on Kaggle: https://www.kaggle.com/competitions/ai-mathematical-olympiad-prize/
Advisory Committee member profiles:
D. Sculley
D. is the CEO at Kaggle. Prior to joining Kaggle, he was a director at Google Brain, leading research teams working on robust, responsible, reliable and efficient ML and AI. In his career in ML, he has worked on nearly every aspect of machine learning, and has led both product and research teams including those on some of the most challenging business problems. Some of his well-known work involves ML technical debt, ML education, ML robustness, production-critical ML, and ML for scientific applications such as protein design.
Kevin Buzzard
Kevin a professor of pure mathematics at Imperial College London, specialising in algebraic number theory. As well as his research and teaching, he has a wide range of interests, including being Deputy Head of Pure Mathematics, Co-Director of a CDT and the department’s outreach champion. He is currently focusing on formal proof verification, including being an active participant in the Lean community. From October 2024, he will be leading a project to formalise a 21st century proof of Fermat’s Last Theorem. Before joining Imperial, some 20 years ago, he was a Junior Research Fellow at the University of Cambridge, where he had previously been named ‘Senior Wrangler’ (the highest scoring undergraduate mathematician). He was also a participant in the International Mathematical Olympiad, winning gold with a perfect score in 1987. He has been a visitor at the IAS in Princeton, a visiting lecturer at Harvard, has won several prizes both for research and teaching, and has given lectures all over the world.
Leo de Moura
Leo is a Senior Principal Applied Scientist in the Automated Reasoning Group at AWS. In his spare time, he dedicates himself to serving as the Chief Architect of the Lean FRO, a non-profit organization that he proudly co-founded alongside Sebastian Ullrich. He is also honoured to hold a position on the Board of Directors at the Lean FRO, where he actively contributes to its growth and development. Before joining AWS in 2023, he was a Senior Principal Researcher in the RiSE group at Microsoft Research, where he worked for 17 years starting in 2006. Prior to that, he worked as a Computer Scientist at SRI International. His research areas are automated reasoning, theorem proving, decision procedures, SAT and SMT. He is the main architect of several automated reasoning tools: Lean, Z3, Yices 1.0 and SAL. Leo’s work in automated reasoning has been acknowledged with a series of prestigious awards, including the CAV, Haifa, and Herbrand awards, as well as the Programming Languages Software Award by the ACM. Leo’s work has also been reported in the New York Times and many popular science magazines such as Wired, Quanta, and Nature News.
Lester Mackey
Lester Mackey is a Principal Researcher at Microsoft Research, where he develops machine learning methods, models, and theory for large-scale learning tasks driven by applications from climate forecasting, healthcare, and the social good. Lester moved to Microsoft from Stanford University, where he was an assistant professor of Statistics and, by courtesy, of Computer Science. He earned his PhD in Computer Science and MA in Statistics from UC Berkeley and his BSE in Computer Science from Princeton University. He co-organized the second place team in the Netflix Prize competition for collaborative filtering; won the Prize4Life ALS disease progression prediction challenge; won prizes for temperature and precipitation forecasting in the yearlong real-time Subseasonal Climate Forecast Rodeo; and received best paper, outstanding paper, and best student paper awards from the ACM Conference on Programming Language Design and Implementation, the Conference on Neural Information Processing Systems, and the International Conference on Machine Learning. He is a 2023 MacArthur Fellow, a Fellow of the Institute of Mathematical Statistics, an elected member of the COPSS Leadership Academy, and the recipient of the 2023 Ethel Newbold Prize.
Peter J. Liu
Peter J. Liu is a Research Scientist at Google DeepMind in the San Francisco Bay area, doing machine learning research with a specialisation in language models since 2015 starting in the Google Brain team. He has published and served as area chair in top machine learning and NLP conferences such as ICLR, ICML, NEURIPS, ACL and EMNLP. He also has extensive production experience, including launching the first deep learning model for Gmail Anti-Spam, and using neural network models to detect financial fraud for top banks. He has degrees in Mathematics and Computer Science from the University of Toronto.
About XTX Markets:
XTX Markets is a leading financial technology firm which partners with counterparties, exchanges and e-trading venues globally to provide liquidity in the Equity, FX, Fixed Income and Commodity markets. XTX has over 200 employees based in London, Paris, New York, Mumbai, Yerevan and Singapore. XTX is consistently a top 5 liquidity provider globally in FX (Euromoney 2018-present) and is also the largest European equities (systematic internaliser) liquidity provider (Rosenblatt FY: 2020-2023).
The company’s corporate philanthropy focuses on STEM education and maximum impact giving (alongside an employee matching programme). Since 2017, XTX has donated over £100mn to charities and good causes, establishing it as a major donor in the UK and globally.
In a changing world XTX Markets is at the forefront of making financial markets fairer and more efficient for all.
 

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Artificial Intelligence

Hikvision redefines urban mobility with AIoT-powered solutions at Intertraffic 2024

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HANGZHOU, China, April 26, 2024 /PRNewswire/ — Hikvision made a significant appearance at Intertraffic Amsterdam, the leading global trade fair for mobility and traffic technology. At the trade event, Hikvision unveiled a suite of traffic, transport, and parking management solutions and products powered by Artificial Intelligence of Things (AIoT) technology, which promised to improve urban mobility, road safety, and operational efficacy.

Elevating urban traffic intelligence with AIoT
One highlight of the Hikvision stand was its intelligent urban traffic solution, which leveraged the power of AIoT to deliver comprehensive real-time monitoring, incident detection, and traffic control. This solution intelligently reshapes traffic dynamics, offering a more responsive and data-driven approach to enhance situational awareness and traffic management. Key innovations in the solution included:
Hikvision’s radar-video fusion camerasThese combine the range perception of radar with the visual perception of video. The 4 MP Radar and Video Vehicle Detector, for example, helps to enhance road safety by providing early warning of potential hazards in challenging situations such as blind spots at intersections and obstacles outside the visual range.Hikvision’s All-In-One Traffic SpotterThis stands out with its multifaceted design incorporating video, radar, and lighting technologies for heightened traffic violation detection. Its streamlined column design facilitates effortless installation.Hikvision’s Radar-Linked PTZ Camera This ensures consistent performance in adverse weather and lightening conditions, and minimizes false alarms with advanced deep-learning algorithms.Innovating parking management
Hikvision also introduced its parking management solutions. These combine extremely precise license plate recognition and intelligent barrier controls incorporating highly accurate radar sensors. This comprehensive approach enhances security, reduces the need for manual intervention, and streamlines traffic flow across parking areas. The Global Shutter CMOS* (GMOS) ANPR camera was a new addition to the lineup. Designed to seamlessly blend in the environment, it is tailored for the task of discreetly capturing license plates at parking facilities that prioritize subtlety.
Advancing public transportation safety and efficiency
Attendees also had the opportunity to explore Hikvision’s latest public transport solutions, integrating AI-driven analytics with advanced video security, on-site voice broadcasting, and centralized management for enhanced onboard security, improved passenger experience, and operational efficiency for buses and taxis. This included the Four-way monitoring system and the Panoramic Auxiliary System, both designed to reduce blind spots and provide high-definition imaging to improve driving safety.
“As ever, we are continually expanding our suite of technologies to enhance traffic safety and efficiency,” said Nick Wu, Project Product Director at Hikvision Europe. “Our commitment lies in minimizing the need for extensive roadside installations by incorporating comprehensive perception and robust AI within unified device frameworks. These innovations automate and streamline every aspect of traffic management, from violation detection to traffic flow monitoring, driving safety, and parking management.”
To find out more about Hikvision’s urban mobility products and solutions, please explore its official website.
Note: CMOS stands for Complementary Metal-Oxide-Semiconductor.
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Artificial Intelligence

London Blockchain Conference Launches the No Future Campaign

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LONDON, April 26, 2024 /PRNewswire/ — The London Blockchain Conference is excited to announce the launch of its ground-breaking, ‘No Future Campaign’. This initiative aims to create a strong narrative surrounding blockchain technology by challenging perceptions and sparking conversations. By creating this platform, the campaign aims to instil a fear of missing out (FOMO) sensation among the audience, positioning the London Blockchain Conference as a gateway to securing a stake in the future and unlocking the potential of blockchain technology.

With a bold and evocative narrative theme, the campaign will initially confront the audience with a jarring reality check of “NO FUTURE” and then resolve the statement “WITHOUT BLOCKCHAIN” to spark curiosity and engagement with the optimistic revelation that blockchain holds the key to a prosperous future.
The ‘No Future Campaign’ started on 17 April 2024 with the London Blockchain Conference creating and executing content on/with media platforms and partnerships:
Wharf Life inserts (17/04/2024) – Print and a digital advert/editorial-sponsored pieces.Animations being released on paid and organic channels in a 3-week campaign.Alex Stein, Conference Director said, “The No Future Campaign is a call for individuals, enterprises, and governments to recognise the importance and role of blockchain in shaping the future. Through the London Blockchain Conference, we aim to educate and inspire attendees to understand and harness the potential of blockchain technology.”
The three-day London Blockchain Conference at the ExCel will bring together politicians, business leaders, and innovators. The conference will be running from 21 – 23 May 2024 and will focus on disruptive and real-world applications of blockchain technology and the impact it is having on politics, emerging technologies, and enterprises.
For more information about the ‘No Future campaign’, visit the London Blockchain Conference website.
About the London Blockchain Conference
NETWORK. LEARN. ENGAGE. 
 At the London Blockchain Conference, we show how Blockchain will change the world and help people see another way to manage data, build scalable on-chain solutions and achieve great things. We do this by creating valuable, insightful, and engaging events that educate and inform, allowing you to connect and network to build strong business relationships. Our conference is the best avenue to see blockchain innovations, ecosystem announcements, product launches, technology updates, keynote speeches, panels, and fireside chats from blockchain leaders. Join us and experience it for yourself. 
 
 

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