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Private LTE Market Predicted to Surpass USD 10.6 Billion at a CAGR of 12.90% by 2030 – Report by Market Research Future (MRFR)

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New York, US, March 29, 2023 (GLOBE NEWSWIRE) — According to a comprehensive research report by Market Research Future (MRFR), “Private LTE Market Analysis By Technology, By Services, By Professional Services, By Spectrum Band, By Application, and By Region, – Forecast till 2030. The global private LTE market will touch USD 10.6 billion at a 12.90% CAGR by 2030, as per the latest Market Research Future report.

Private LTE Market Drivers 
Business’ Growing Demand for Wireless Networks to Boost Market Growth 
The need for high-speed internet is growing as a result of the development of cutting-edge technology like artificial intelligence, the IoT, and automation. Companies are moving their operations to different digital platforms like cloud infrastructure & industrial automation that is driving up the demand for wireless networks with more secure internet and data transfer, such as private LTE technology. Also, the COVID-19 epidemic caused a large number of people to work from home, necessitating high and affordable internet for their normal tasks. This will propel the global market for private LTE.

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Private LTE Market Report Scope:

Report Metric Details
  Market Size USD 10.6 Billion By 2030
  CAGR 12.90 % From 2022 to 2030
  Base Year 2021
  Forecast Period 2022 to 2030
  Segments Covered Technology, Services, Professional Services, Spectrum Band, and Application
  Geographies Covered North America, Europe, Asia-Pacific, and the Rest of the World (RoW)
  Key Vendors Accenture, Datto, Inc., Capgemini, International Business Machines Corporation, and DXC Technology Company
  Key Market Opportunities The emergence of industrial and commercial loT

Opportunities 
Booming Telecommunication Industry to offer Robust Opportunities 
One of the chief elements fostering a favorable view for the business is the significant global growth of the telecommunications sector. Private LTE offers faster data transfer rates and increased bandwidth, preventing shaky internet connections in video and audio chats.

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Restraints and Challenges 
Availability of Insufficient Spectrum to act as Market Restraint 
The availability of insufficient spectrum and complexity related to the private LTE network implementation may act as market restraints over the forecast period.

Market Segmentation 
The global private LTE market is bifurcated based on application, spectrum band, professional services, services, and technology.

By technology, TDD will lead the market over the forecast period.

By services, professional services will domineer the market over the forecast period.

By professional services, support & maintenance services will spearhead the market over the forecast period.

By spectrum band, unlicensed/shared will hold the lions share in the market in the assessment period.

By application, worker safety monitoring will have the largest share in the market in the forecast period.

COVID-19 Analysis 
Although rising nations’ public and private sectors were collaborating to hasten the building of LTE infrastructure, the COVID-19 epidemic had no effect on the market’s expansion. Also, because of the COVID-19 epidemic, practically all enterprises were operating from their homes or places of origin. Working from home (WFH) and the digital revolution of organizations are two factors that have proven crucial to the emergence of the private LTE.

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Regional Analysis
North America to Head Private LTE Market 
Due to the region’s high 5G network penetration rate and rising use of AI and other smart connected devices, North America held the majority of the market share in 2021. A service provider has opportunities to set up service on the most recent technological advancements being developed for the high-speed internet thanks to the surge in demand for defined and unique network qualities, the growing need for wireless networks for business due to the shift of business towards digitization, and the accessibility of deployment both of unlicensed & shared spectrum in private LTE. Due to the region’s widespread 5G network adoption, increasing use of artificial intelligence (AI), and other smart connected devices, North America domineered the market share in 2019.

APAC to Have Admirable Growth in Private LTE Market 
Due to its strong economic growth and the continued expansion of the telecom industry, which encourages businesses to invest extensively in private LTE in order to sustain growth and boost productivity, Asia-Pacific is predicted to experience the largest growth throughout the projected period. Heavy investment in private LTE is also driven by factors including the significant shift towards digital transformation, the rise in cloud deployment, technological advancement amid small and medium-sized organizations, and ongoing upgrading of telecommunication networks like 5G networks. Due to the region’s robust economic growth and the continued development of the telecom industry, which encourages businesses to invest substantially in private LTE in order to maintain growth and boost productivity, Asia-Pacific held the second-biggest market share in 2021.

Government plans to support the deployment of public safety solutions through smart cities programs and swift investments from domestic vendors to build a dedicated network infrastructure in fact are two factors anticipated to drive the market’s growth during the projected period. The two largest manufacturing nations that create electronic, informational, and automotive goods are China and Japan.

The surge in M2M communications, greater smartphone adoption, and the uptake of IoT platforms across a variety of industrial verticals, including healthcare, transportation, and manufacturing, are all contributing factors to the market expansion of private LTE within this region. Due to this, there is a rising need for the private IoT networks that allow businesses to integrate various devices for improved security and reliability. The expansion of private LTE is also credited to several initiatives made by telecom firms and government agencies to implement LTE technology in the mission-critical applications.

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Key Players 

Eminent industry players profiled in the private LTE market report include:

  • Nokia Corporation (Finland)
  • LM Ericsson (Sweden)
  • Qualcomm Incorporated (US)
  • ARRIS International Limited (US)
  • Sierra Wireless (Canada
  • Future Technologies, LLC (US)
  • Boingo Wireless, Inc (US)
  • Verizon (US)
  • Cisco Systems, Inc. (US)
  • SAMSUNG (South Korea)
  • Casa Systems (US),
  • General Dynamics Mission Systems, Inc. (US
  • Huawei Technology Co. Ltd (China)
  • NetNumber Inc. (Netherlands)

Besides, the other market players include:

  • Athonet SRL (Italy)
  • Mavenir (US)
  • Ambra Solutions Inc. (Canada)
  • Zinwave (US)
  • Star Solutions (Canada
  • LEMKO Corporation (US)
  • PDVWIRELESS (US)
  • Quortus Limited (UK)

Industry Updates 
February 2023- A three-year extension of Nokia and Kyndryl’s global edge cooperation has been announced, with a focus on industry 4.0 and the creation of private LTE & 5G technology for wireless networks.

About Market Research Future:

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

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Artificial Intelligence

Cyber insurtech BOXX partners with Zurich Insurance Group in Switzerland to introduce breakthrough personal cyber product

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TORONTO, May 21, 2024 /PRNewswire/ — Award-winning global Insurtech BOXX Insurance Inc. that combines cyber insurance and security has announced the launch of a cutting-edge cyber risk solution in collaboration with Zurich Insurance Group in Switzerland, providing digital protection for individuals and families. 

Recognizing the critical need for comprehensive protection against digital threats Zurich Insurance in Switzerland has partnered with technology partner BOXX Insurance to develop a user-friendly solution designed to help individuals and families better predict and prevent potential scams and digital threats.
Designed for simplicity, the app’s personalized experience puts users’ digital safety front and centre, featuring an easy-to-use interface designed by Zurich Insurance in Switzerland and developed by BOXX in close collaboration with Zurich. The App is now available in Switzerland offering support in English, German, French and Italian.
“We created this to give individuals and families what they want – an app that delivers an essential bundle of tools at users fingertips including access to experts in the event of a cyber emergency,” explained Vishal Kundi, CEO and Founder, BOXX Insurance. “Smartphones have become the fastest-selling gadgets in history. They have penetrated every aspect of daily life. The average person picks their phone up to 100 times a day so if we want to make their world a digitally safer place, we have to ensure their phone and their usage is better secured,” Kundi added.
“An extensive research conducted by Zurich Insurance in Switzerland showed that many are not aware of online dangers and that around a quarter have already been victims of a cyber-attack. In addition, customers are simply overwhelmed with the range of cyber products,” says René Harlacher, Chief Underwriting Officer of Zurich Insurance in Switzerland. “At Zurich, it’s our mission to go beyond mere protection, and also offer our customers tools to help them build resilience and implement preventative measures against cyber risks. Based on these facts, we are expanding our cyber offering for private individuals so that we can provide them with support before, during and after a possible cyber-attack. This is exactly where our joint offering with BOXX Insurance comes in, as a way to lend additional support to our customers,” he adds.
The newly launched solution by Zurich Insurance in Switzerland focuses on providing essential services to help prevent digital threats combined with emergency assistance and support in case of an emergency. Delivered to end customers by Zurich, key features include:
Identity Protection: Identifies if personal data captured in the app shows up on the dark web and notifies users, providing help and advice to reduce threats of identity theft.Secure VPN: By creating a secure and encrypted internet connection the VPN protects data from potential threats such as hacking, identity theft, and phishing attacks. Secure WiFi: Scans WiFi networks for threats and helps proactively detect security issues.Safe Browsing: Warns against harmful websites and links to protect privacy and personal data.Device Protection: Checks and improves the security settings of devices. Devices with the Android operating system are additionally protected against viruses and malware.Password Manager: Creates and manages strong passwords and assists with their use.Edutainment: Educational content in an entertaining way to raise awareness of personal cyber security.Emergency Support and Assistance: Help and assistance from cyber security experts to provide support in cyber emergencies and for many other IT-related problems.   The new offering is available here: https://www.zurich.ch/en/private-customers/living-events/cyberprotection/insurance-prevention
“From providing protection from the dangers of being connected at home and on the go, customers now have the means to keep their devices and data secure and have access to indispensable help in an emergency, all in one easy-to-use app,” Kundi added.
Zurich has been working with BOXX since 2021 and participated in BOXX’s Series A and Series B funding rounds. As a Zurich Global Ventures portfolio company, BOXX is proud to now extend the ongoing collaboration with Zurich to enable Swiss customers to be digitally safer.
About BOXX Insurance 
BOXX Insurance Inc. helps businesses, individuals and families insure and defend against cyber threats. Privately-held with headquarters in Canada, BOXX has global offices in Toronto, Miami, Zurich, Dubai and Mumbai.
BOXX Insurance is an award-winning global cyber protection and insurance provider. We’re not a typical company. That’s by design. We’re serious about making the world a digitally safer place; creating real, positive changes for our clients and partners, and building a lasting legacy, from what we create, inside the BOXX.
Every day we’re improving the digital health of businesses, families and individuals around the world who rely on BOXX’s solutions and services to predict, prevent and insure them against cyber threats.
Media Contact: Sarah Madden, [email protected] 

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Amp Finalises Commercial Agreements for Cape Hardy Advanced Fuels Precinct

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ADELAIDE, Australia, May 21, 2024 /PRNewswire/ — Amp Energy (“Amp” or the “Company”) announced today it has finalised all required commercial agreements for the development of the Cape Hardy Advanced Fuels Precinct – one of the leading green hydrogen, green ammonia and advanced fuel projects in Australia. The agreements, which were executed with Iron Road Ltd, include the purchase of a 630-hectare parcel of land at Cape Hardy as well as finalised royalty structure and common user infrastructure agreement. Amp will continue to build upon development progress made since announcing the Strategic Framework Agreement with Iron Road Ltd in April 2023 to bring advanced fuel production capacity to Cape Hardy.

The Cape Hardy Advanced Fuels Precinct will provide production at scale with up to 10 GW of planned electrolyser capacity. Development will be structured to initially bring 1 GW online with incremental stages to reach 10 GW of total capacity.   The project will both cater to the domestic Australian market, supporting the Australian Government’s net zero goals, while also featuring global export capabilities.  To facilitate distribution, Cape Hardy will be equipped with Australia’s first purpose-built advanced fuels export terminal.   
Amp has been in discussions to develop the Cape Hardy Advanced Fuels precinct, in collaboration with Iron Road Ltd and The Government of South Australia, for the past two years. During that time, Amp has made significant development progress.  The project’s concept, design, and pre-Front End Engineering Design (FEED) phase have been studied and reviewed by two leading global engineering firms, Arup and Technip Technologies, as Amp targets completion of pre-FEED studies for the first 1 GW electrolyser phase over the next 9 months. FEED scoping and contracting is currently underway ahead of awarding the FEED contract in late 2024 or early 2025.
Desalinated water is to be sourced from the recently announced Northern Water Supply (NWS) seawater desalination plant that will be located at Cape Hardy to meet the project’s demand for electrolyser feed water, cooling water, process plant water, and fire water. Amp is co-funding pre-FID expenditures for the NWS project.
Additionally, Amp is working closely with the Barngarla Determination Aboriginal Corporation RNTBC (“BDAC”).  With continued support from the BDAC, Amp is confident the Cape Hardy Advanced Fuels Precinct will have a meaningful economic impact on the region.  Amp currently estimates this will include approximately 4,000 direct and 6,000 indirect jobs for the first gigawatt of electrolyser capacity alone.
“We are seeing growing demand for Advanced Fuels both in Australia and abroad. This includes green ammonia, liquid hydrogen, methanol, and sustainable aviation fuel. The Cape Hardy Advanced Fuels Precinct will allow for large-scale production of these fuels that will be critical to the energy transition and achieving net zero targets. We could not be more excited about the project’s potential impact, and we are grateful for the partnership and continued support from Iron Road Ltd, the South Australian Government and BDAC as we progress full steam ahead on development” said Paul Ezekiel, Amp President and Co-founder.
Minister for Trade and Investment, Joe Szakacs said “The State Government recognises the strategic importance of the Cape Hardy Advanced Fuels Precinct attracting investment into the state for domestic and export opportunities, as there is an increasing flight to quality for hydrogen projects worldwide.”
About AmpAmp Energy is a global energy transition development platform, which delivers renewables, battery storage, Advanced Fuels and green AI data centers at scale, together with proprietary AI-enabled grid flexibility through its Amp X platform. Since its inception 15 years ago, Amp has developed and built or contracted 14 GW of assets globally. Amp is backed by major investments from institutional capital partners including global private equity firm the Carlyle Group, who has invested over US$440 million. The company has global operations throughout North America, the UK, Australia, Japan, and Spain.
For more information, please visit amp.energy

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GEEKOM A8 AI PC is now available for €799 and up.

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TAIPEI, May 21, 2024 /PRNewswire/ — The GEEKOM A8, a highly anticipated Next-Gen AI mini PC with an AMD HawkPoint Ryzen 8040 processor, is now available.

The A8 employs a metal housing with rounded corners and anodized matte finish, giving it a gorgeous and stylish look. Having a footprint smaller than the palm of a hand, the mini PC will conveniently fit in all types of desktop arrangement and instantly elevate the aesthetics of any workspace.
There are two variants of the GEEKOM A8, users have the option to choose between two processors from the same AMD HawkPoint family: Ryzen 7 8845HS and Ryzen 9 8945HS. Both chips feature 8 Zen 4 CPU cores, 16 threads, 16MB L3 cache, an AMD Radeon 780M integrated GPU as well as a Ryzen AI Engine NPU, but the Ryzen 9 8945HS is designed to offer slightly better performance, thanks to its higher CPU and GPU frequencies.
With a greatly enhanced NPU, the A8 can execute 60% more AI workloads than mini PCs with last-generation Ryzen 7040 chips, allowing users to embrace a new era of AI computing. For average consumers, the A8 will quickly find answers to all questions and turn texts into images and videos. For business users, the A8 will automatically summarize notes, transcribe calls, and take meeting minutes. For professional content creators, the A8 will bring much faster AI-powered photo editing, quicker video output, and speedier multi-tasking, helping bring the most ambitious ideas to life. With the new IceBlast 1.5 cooling technology, the A8 can stay cool and stable even when tasks are loaded.
Besides its powerful performance, the A8 also offers a wide array of ports, including four USB-A (including three USB3.2 Gen2), two HDMI2.0, a 40Gbps USB4, a multi-function Type-C, an SDXC slot, and a 3.5mm audio jack. Users can choose to connect the mini PC to an eGPU, ultra high-speed portable storage, or up to four 4K displays.
The A8 is now available on GEEKOM’s independent website. The 8845HS and 8945HS variants are priced at €799 and €949 respectively. Regardless of the CPU option, each unit is preinstalled with 32GB dual-channel SO-DIMM DDR5-5600 RAM, a fast 1TB M.2 2280 PCIe4.0*4 SSD, a wireless card that supports WiFi 7 and Bluetooth 5.4, and a licensed copy of Windows 11 operating system.
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