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RPA and Hyperautomation in Banking Market is expected to reach USD 4980.65 Million by 2029, exhibiting a CAGR of 27.52%.

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Portland, Feb. 06, 2023 (GLOBE NEWSWIRE) — Maximize Market Research is a leading information technology and telecommunication research and consultancy firm that has published a report on “RPA and Hyperautomation in Banking Market” report. The report contains key insights regarding the market dynamics along with a thorough competitive and regional analysis of the market. According to the report, the market is expected to grow at 27.52 % from USD 712 Mn in 2021 to USD 4980.65 Mn by 2029.

Global RPA and Hyperautomation in Banking Market Scope and Research Methodology

Maximize Market Research presents a detail analysis of the status of the financial industry with the integration of RPA and Hyperautomation in banking sector to provide information on market snapshots and latest developments by the major players operating in the market. The market report includes the dynamics that includes major drivers, constraints to growth, lucrative opportunities and challenges to market growth. Data used for the analysis is collected through primary and secondary research methods. For the competitive landscape, key players, their major collaborations, merger & acquisitions along with trending innovation and market policies are reviewed carefully in the report. The competitive environment is a vital aspect of the financial key players. The report covers the competitive matrix and the competition scenario of the global RPA and Hyperautomation in Banking Market, which helps to know the competition at both domestic and global levels.

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Global RPA and Hyperautomation in Banking Market Overview

RPA and Hyperautomation in Banking helps to improve both accuracy and efficiency, providing extreme value for regulatory and compliance reporting by automating the collection of data from multiple systems while validating data. The banking industry is trying to stay ahead of the curve in being adaptive to modernization. RPA and Hyperautomation in banking is the system of using technology to operate banking processes through highly automatic means rendering human intervention to a minimum. An RPA function operates by mapping a workflow in the RPA tool for the software robot to follow computer path-ways between screens and various data repositories. Banks characteristically operate several large legacy platforms in different business vertical which is making it very complicated, time-consuming and expensive to connect them all together into one cohesive IT system. Artificial intelligence and machine learning technologies are expected to have a transformative impact on the banking industry.

Global RPA and Hyperautomation in Banking Market Dynamics

The RPA and Al based technologies are assisting to reduce the repetitive work done by humans. Currently, many banks have recognized the importance of Hyperautomation and taken suitable steps to deploy Hyperautomation in banking operations, which is an inevitable trend in the development process. Hyperautomation solution is one of the potential options for banks. One of the biggest advantages of RPA solutions is their scalability. RPA solutions are effortlessly adapted to shifting organizational operations. It offers ability to transfer any complex process to additional virtual robots and simple, cost-effective solution. RPA technology is a suitable solution to shift organizational environment. It also offers innovative opportunities to rearrange human capital. Robotic process automation supports banks automate the simple, rule-based or repetitive and back-end tasks. RPA is a cost-effective solution for banking.

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As RPA empowers banks automate like bank balance, account information, loan information, the turnaround time is suggestively reduced which surges customer satisfaction.

Global RPA and Hyperautomation in Banking Market Regional Insights

North America: Held the Dominant Position in the Global RPA and Hyperautomation in Banking Market

North America held the dominant position in 2021 and is expected to continue its dominance during the forecast period. The region has a presence of large banking and financial sector with the integration of the RPA and Hyperautomation. The BFSI industry has already gone through the digital transformation. US banking industry has witnessed accelerated digitalization which has created a need for high-functioning and error-proof mobile and web applications. AI and Automation in Banking Industry in the North America are estimated to reach USD 182 billion because of high adoption of advanced financial techniques. The detail analysis of the other region like Europe, Asia Pacific, Middle East & Africa and South America has been covered in the report.

Market Size in 2021 USD 712.15 Mn.
Market Size in 2029 USD 4980.65 Mn.
CAGR 27.52 % (2022-2029)
Forecast Period 2022-2029
Base Year 2021
Number of Pages 280
No. of Tables 118
No. of Charts and Figures 115
Segment Covered Deployment Mode, Components, Application, Organisation Size
Regional Scope North America, Europe, Asia Pacific, Middle East and Africa, South America
Report Coverage Market Share, Size & Forecast by Revenue | 2022−2029, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis.

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Global RPA and Hyperautomation in Banking Market Segmentation

By Component        

  • Solution
  • Service

By Deployment Mode        

  • On-Premises
  • Cloud

By Organization Size        

  • Large Enterprises
  • Small and Medium-Sized Enterprises

By Application

  • Cutomer Account Management
  • Fraud Prevention
  • Report and Invoice Automation
  • Account Opening and KYC
  • Auditing and Compliance
  • Chatboat
  • Others

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Global RPA and Hyperautomation in Banking Market Key Competitors include:

  • IBM (US)
  • Microsoft (US)
  • Alteryx (US)
  • Appian (US)
  • Juniper Network(US)
  • Zendesk (US)
  • Pegasystem (US)
  • Automation anywhere (US)
  • Uipath (US)
  • ProcessMaker (US)
  • PagerDuty (US)
  • Celonis (US)
  • Laserfiche (US)
  • HelpSystem (US)
  • Decisions (US)
  • Datamatics (US)
  • Automate.io (US)
  • AutomationEdge (US)
  • Techforce.ai (US)
  • Simple Fractal (US)
  • RocketBoat (chile)
  • SAP (Germany)
  • Blue Prism (UK)
  • G1ANT (UK)
  • Turbotic (Sweden)
  • Laiye (China)
  • Quale Infotech (India)
  • AkaBot (Vietnam)

Key questions answered in the Global RPA and Hyperautomation in Banking Market are:

  • What is RPA and Hyperautomation in Banking?
  • What is the growth rate of RPA and Hyperautomation in Banking Market during the forecast period?
  • The degree of competition in Global RPA and Hyperautomation in Banking industry in developed and developing economies?
  • Who are the leading key players in the RPA and Hyperautomation in Banking Market?
  • Who are the market leaders in RPA and Hyperautomation in Banking in Germany?
  • Who are the market leaders in RPA and Hyperautomation in Banking in USA and Canada
  • Who are the market leaders in RPA and Hyperautomation in Banking in India, China, Japan and South Korea?
  • Which region held the largest market share in Global RPA and Hyperautomation in Banking Market?
  • What are the factors for the growth of Europe region in Global RPA and Hyperautomation in Banking Market?

Key Offerings:

  • Market Share, Size & Forecast by Revenue | 2022−2029
  • Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
  • Market Segmentation – A detailed analysis by Deployment Mode, Components, Application, Organisation Size and Region
  • Competitive Landscape – Top Key Vendors and Other Prominent Vendors

Maximize Market Research is leading information technology and telecommunication research firm, has also published the following reports:

Global RPA & Hyper Automation Market: RPA & Hyper Automation Market size was valued at USD 8.18 Bn. in 2021 and the total revenue is expected to grow at 23.4 percent through 2022 to 2029, reaching nearly USD 44.1 Bn. The demand for an automated solution for business continuity and planning is driving the growth of RPA and hyper automation market.

Global Hyper Automation Market: Hyper Automation Market size was valued at USD 8.24 Bn. in 2021 and the total revenue is expected to grow at 18.2 percent from 2022 to 2029, reaching nearly USD 31.4 Bn. Many industrial businesses are employing hyper automation to cut operating costs and boost the effectiveness of the entire manufacturing process in response to growing automation trends in the manufacturing and healthcare sectors.

Core Banking Software Market: The market size was valued at USD 10.35 Bn. in 2021 and the total revenue is expected to grow at 8.2 percent from 2022 to 2029, reaching nearly USD 19.44 Bn. The market is driven by the increasing adoption of advanced technology in banking and the rise of digital banking is expected to drive the market growth.

Online Banking Market: The market size was valued at USD 14.74 Bn. in 2021 and the total revenue is expected to grow at 13.6 percent from 2022 to 2029, reaching nearly USD 40.90 Bn. The market is driven by changing consumer preferences, the massive growth of the e-commerce industry and growing preference for digital services in general.

Banking System Software Market: The market size was valued at USD 28.29 Bn. in 2021 and the total revenue is expected to grow at 5.98 percent from 2022 to 2029, reaching nearly USD 45.02Bn. The market is driven by changing consumer preferences, the massive growth of the e-commerce industry and growing preference for digital services in general.

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.


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Artificial Intelligence

Global Methane Hub Announces the Enteric Fermentation Research & Development Accelerator, a $200M Agricultural Methane Mitigation Funding Initiative

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The Largest-Ever Globally Coordinated Funding Investment in Livestock Methane Mitigation Research Announced at the COP28 Business & Philanthropy Climate Forum
The public, private and philanthropic partnership includes Bezos Earth Fund, Quadrature Climate Fund, Gerstner Philanthropies, High Tide Foundation, Bill & Melinda Gates Foundation, The Zegar Family Foundation, Danone and more
DUBAI, UAE, Dec. 2, 2023 /PRNewswire/ — Today, at COP28, the Global Methane Hub (GMH) announced a more than $200 million funding initiative between public, private and philanthropic partners including the Bezos Earth Fund, Quadrature Climate Fund, Gerstner Philanthropies, High Tide Foundation, Bill & Melinda Gates Foundation, The Zegar Family Foundation, Danone, the Governments of Ireland, New Zealand and the United States, for research and development (R&D) technologies to meaningfully address and reduce methane emissions from livestock. 

The Enteric Fermentation R&D Accelerator, or Accelerator, is the largest-ever, globally coordinated investment of breakthrough research tackling livestock methane emissions. The Global Methane Hub announced the intention to establish the Accelerator at COP27 as an AIM for Climate Innovation Sprint. The Accelerator will unite funders, guided by a science oversight committee, to invest in a globally coordinated research plan. This strategy aims to address gaps in current research and enhance existing efforts. The strategy includes work on exploring new and alternate livestock feed additives, tools to breed low-methane livestock, immunological studies for a methane vaccine, understanding the organisms in the rumen and their functions, and lowering the costs of measurement, essential to generate evidence for regulatory approval and validation of mitigation technologies.
About 40% of the world’s methane emissions come from agriculture, and 70% of that is due to enteric fermentation. This process happens in cows’ digestive systems when sugars are broken down into methane and released through belching. Unfortunately, current research on enteric fermentation is not extensive or coordinated enough to provide efficient and transformative solutions to significantly benefit farmers.
This is the latest milestone to mark the impact GMH is having on global methane reduction efforts since its founding in December 2021.
“The Accelerator is a prime example of the role philanthropy can play in driving substantive climate action and strategically aligning the key players working to solve the most pressing issue of our time,” said Hayden Montgomery, Agriculture Program Director at the Global Methane Hub. “With this effort to synchronize and consolidate public-good research on enteric methane, we aim to make multiple solutions to reduce enteric methane available quickly and provide proof of the efficacy of livestock mitigation technologies.”
“We know that cattle are responsible for most agricultural methane emissions. Promising technological and scientific solutions exist, but for too long, monetary and regulatory barriers have slowed progress and prevented critical research,” said Andy Jarvis, Director of Future of Food at the Bezos Earth Fund. “The Global Methane Hub’s Enteric Methane R&D Accelerator stands to change all of this, unlocking the resources needed to discover and develop low-cost solutions that will dramatically reduce methane emissions from livestock by 2030.”
“Through the Accelerator, we are poised to make a significant impact in driving innovation towards solutions to reduce enteric methane globally,” said Richard Lawrence, director and co-founder of High Tide Foundation. “I would like to thank Danone for stepping up as the first corporation committed to the Accelerator and I encourage others to do the same.”
“As a dairy company, curbing methane emissions is the fastest and most impactful way to slow down global warming,” said Olivier Verdelet, Vice-President Agriculture Cycle at Danone. “To do so, collaboration will be instrumental as we seek for new solutions, speed and sizable impacts. We are eager to collaborate with the Global Methane Hub and other partners to accelerate and test scalable innovations in the field. We believe this will help us build a sustainable, future-fit dairy category that is at the core of our mission to bring health through food to as many people as possible.”
Agricultural methane is projected to increase 40% by 2050. We would have to reduce emissions by 50% in order to meet the accords of the Paris Agreement to keep the global temperature rise to a maximum of 1.5 degrees Celsius. Reducing methane emissions from all sectors, including agriculture, is the fastest way to mitigate climate change.
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Digital Printing for Tableware Market worth $452 million by 2029 – Exclusive Report by MarketsandMarkets™

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CHICAGO, Dec. 1, 2023 /PRNewswire/ — The Digital Printing for Tableware market is projected to reach USD 452 million by 2029 from USD 326 million in 2024; it is expected to grow at a CAGR of 6.8% from 2024 to 2029 according to a new report by MarketsandMarkets™. Heightened interest in sustainable printing practices, escalating needs within the foodservice sector, swift advancements in digital printing technology, and the accelerated prototyping and assessment of novel designs within the tableware industry are poised to propel the expansion of the Digital Printing for Tableware market.

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Browse in-depth TOC on “Digital Printing for Tableware Market” 
140 – Tables60 – Figures240 – Pages
Digital Printing for Tableware Market Report Scope:
Report Coverage
Details
Market Revenue in 2024
$ 326 million
Estimated Value by 2029
$ 452 million
Growth Rate
Poised to grow at a CAGR of 6.8%
Market Size Available for
2020–2029
Forecast Period
2024–2029
Forecast Units
Value (USD Million/Billion)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
By Application, Ink type and Region
Geographies Covered
North America, Europe, Asia Pacific, and Rest of World
Key Market Challenge
Compatibility with limited materials
Key Market Opportunities
Increasing demand from the in-plant market
Key Market Drivers
Rapid technological advancements in digital printers
 
This market exhibits a promising growth trajectory, buoyed by prospects like escalating demand from the in-plant market, substantial investment in digital printing-centric research and development endeavors, and the consequent decrease in per-unit printing costs facilitated by digital printers.
The Ceramic and porcelain application segment is expected to hold the largest market share of the digital printing for tableware market during the forecast period.
In 2023, the Ceramic and porcelain segment held the largest market share, and this pattern is expected to persist in the forecast period. Cutting edge ceramic digital printing technology for the tableware industry is expected to revolutionize the tableware industry during the forecast period. While digital printing for porcelain tableware combines precision and versatility allowing intricate designs to enable growth of the market. Digital printing for ceramic and porcelain tableware products involves the use of advanced printing technology to apply intricate and high-quality designs directly onto ceramic and porcelain surfaces. This modern printing method has become increasingly popular in the tableware industry due to its ability to offer customization, detailed graphics, and efficient production processes.
The UV Ink segment is expected to hold the largest market share of the digital printing for tableware market during the forecast period.
The use of UV ink in digital printing for the tableware industry is driven by its unique properties and advantages that cater to the specific requirements of decorating and customizing various tableware items, such as ceramics and porcelain. It offers rapid curing, color vibrancy, versatility in design, customization capabilities, durability, efficiency in production, and reduction in waste. Because of such advantages over other inks like ceramic ink, and solvent based ink, the UV ink type is expected to hold the largest market share.
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The North American region is expected to hold the largest market share during the forecast period.
During the forecast period, North America region is poised to experience the most significant growth in the digital printing for tableware market. The surge in consumer appetite for personalized tableware due to digital printing capabilities to deliver unique designs is expected to drive the market growth in the North American region. Also, presence of major companies such as Electronics for Imaging, Inc., Inkcups Now, Boston Industrial Solutions, Inc., and INX International Ink Co., in the North American region enables research and development activities in digital printing technologies benefitting the tableware industry owing to increase in the demand for customization of tableware products across the region.
Key Players Market
SACMI (Italy), Electronics for Imaging, Inc. (US), Inkcups Now (US), Mimaki Engineering Co., ltd. (Japan), Boston Industrial Solutions, Inc. (US), PROJECTA ENGINEERING S.R.L. (Italy), Engineered Printing Solutions (US), INX International Ink Co. (US), KERAjet (Spain), and Dip-Tech Digital Printing Technologies Ltd. (Israel) are key players in the digital printing for tableware companies.
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Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting
Related Reports: 
Digital Printing Market Size, Share & Industry Growth Analysis Report by Ink (UV-cured, Aqueous, Solvent, Latex, and Dye Sublimation), Printheads (Inkjet and Laser), Substrate (Plastic Film or Foil, Release Liner, Glass, Textile, Paper, Ceramic), and Geography – Global Growth Driver and Industry Forecast to 2026
Digital Textile Printing Market by Printing Process (Roll to Roll, DTG), Ink Type (Sublimation, Pigment, Reactive, Acid), Application (Textile & Decor, Industrial, Soft Signage, Direct to Garment), and Geography – Global Forecast to 2023
Large Format Printer Market by Offering, Connectivity, Printing Material (Porous, Non-porous), Technology (Ink-based, Toner-based), Print Width, Ink Type, Application (Apparel & Textile, Signage & Advertising, Decor) and Region – Forecast to 2028
Production Printer Market by Type (Monochrome, Color), Technology (Inkjet, Toner), Production Method (Cut Sheet, Continuous Feed, Sheet Fed, and Web Based), Application and Geography – Global Trends & Forecast to 2022
3D Printing Market Size, Share & Industry Growth Analysis Report by Offering (Printer, Material, Software, Service), Process (Binder Jetting, Direct Energy Deposition, Material Extrusion, Material Jetting, Powder Bed Fusion), Application, Vertical, Technology and Region – Global Growth Driver and Industry Forecast to 2028
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] Our Web Site: https://www.marketsandmarkets.com/Research Insight: https://www.marketsandmarkets.com/ResearchInsight/digital-printing-tableware-market.aspContent Source: https://www.marketsandmarkets.com/PressReleases/digital-printing-tableware.asp
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Syntax Unveils Expanded CxLink Backup Solution at AWS re:Invent 2023

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Leading global solutions provider showcases new product support for Oracle cloud backup and recovery operations and achieves AWS Level 1 MSSP Competency
MONTREAL, Dec. 1, 2023 /PRNewswire/ — Syntax Systems, a leading global technology solutions and services provider for cloud application implementation and management, announced Syntax CxLink Backup solution for Oracle databases at AWS re:Invent 2023. This is a strategic enhancement to its suite of solutions that now supports the Oracle Recovery Manager (RMAN). CxLink Backup addresses a critical need for enterprise customers running Oracle databases, including SAP customers, as Oracle Database underpins more than 60% of SAP ERP Central Component customer implementations and RMAN integration options are limited.

Enterprise teams managing multiple clouds and stores of data, each with their own routine for proper storage, now have access to a cutting-edge tool to simplify backup and recovery processes as well as disaster recovery strategies. With CxLink Backup, customers now have access to several impactful functions that Oracle Recovery Manager fulfills:
Spares users the complexity of managing backup file details because it’s a module that streamlines and automates backup and recovery.Supports various backup types like full, incremental, differential, and image copies.Enhances backup efficiency and minimizes size with features like compression, parallel processing, and multisection.Ensures data security and reliability through validation, encryption, and cataloging of backups, as well as the ability to rectify corruption or errors.Offers flexible data restoration, including options like flashback, point-in-time recovery, and incomplete recovery, which allows recovery to any specific moment.”In today’s fast-paced digital world, backups are critical for enterprise applications,” said Ricardo Casanovas Ortega, VP of Product Innovation at Syntax. “Many enterprise teams are managing these processes from disparate sources and tools. Our latest features for CxLink Backup, unify and automate recovery processes, giving users a powerful tool that enhances reliability while minimizing complexity.”
In addition to revealing new capabilities in its CxLink solution, Syntax also announced its achievement of the Amazon Web Services (AWS) Level 1 Managed Security Service Provider (MSSP) Competency and renewed its status in the AWS Managed Service Provider (MSP) Partner Program. These designations recognize and validate leading AWS Partner Network (APN) members that provide full lifecycle solutions to customers and who have met AWS’s requirements for a baseline of managed security services to protect and monitor essential AWS resources 24/7, known as Level 1 Managed Security Services.
“Syntax is very proud to now be part of the elite AWS Partners who have achieved the AWS Level 1 MSSP Competency,” said Christian Primeau, Global CEO of Syntax. “Our strategy is 3-pronged: operate-to-protect, monitor-to-respond and built-to-recover. We are focused on ensuring the integrity of applications running on AWS and the data they store and process. Achieving this AWS Competency designation is recognition of the work the Syntax team delivers and our growing relationship with AWS, which adds value across our entire portfolio.”
The Syntax portfolio offers a wide range of AWS solutions as an AWS Premier Tier Services Partner. Syntax previously achieved the AWS SAP Competency, AWS Oracle Competency, and AWS Migration Competency, and AWS MSP Partner designations and is a member of the AWS Well-Architected Partner Program.
About Syntax Syntax provides comprehensive technology solutions and trusted professional, advisory, and application management services to power businesses’ mission-critical applications in the cloud. With 50 years of experience and 800+ customers around the world, Syntax has deep expertise in implementing and managing multi-ERP deployments in secure private, public, hybrid, or multi-cloud environments. Syntax partners with SAP, Oracle, JD Edwards, AWS, Microsoft, and other global technology leaders to ensure customers’ applications are seamless, secure, and at the forefront of enterprise technology innovation. Learn more about Syntax at www.syntax.com.
Contact:Walker Sands for [email protected]
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