Artificial Intelligence
The Global Energy Security Market size is expected to reach $30.6 billion by 2028, rising at a market growth of 10.2% CAGR during the forecast period
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New York, April 20, 2023 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Energy Security Market Size, Share & Industry Trends Analysis Report By Component, By Technology, By Power Plant, By Regional Outlook and Forecast, 2022 – 2028” – https://www.reportlinker.com/p06449925/?utm_source=GNW
Additionally, rapid deployment of renewable energy, diversification of energy sources, enhanced energy efficiency, energy depots, and machine-usable energy types result in substantial energy security and economic benefits. Increasing pressure from the government and security compliance and regulation, as well as rising terrorism and cyber-attack threats, are driving the expansion of the energy security market.
In addition, the expansion of the energy security market is positively impacted by the rise of physical attacks and insider threats. The emergence of a new energy sector in emerging economies would create lucrative expansion prospects for the energy security market. The energy supply is vital for households and businesses. In addition, the energy supply must be inexpensive, sustainable, reliable, and secure, making energy systems a difficult task.
Digital energy systems are an evolving area that employs potent digital tools and diverse digital models to solve and manage the increasingly complex energy systems of the twenty-first century. Within the field, digital tools and models like blockchain technology and artificial intelligence are used to analyze data from various energy systems and sources to drive new control and operational strategies and business models and support critical goals such as achieving Net Zero emissions.
In addition, cloud computing enables energy applications to request access to a common pool of computing resources. It consists of social and networked enhancements to corporate intranets and other traditional software platforms large corporations use to organize communication. In contrast to conventional enterprise software, which imposes structure before encouraging usage, enterprise social software tends to encourage use before imposing structure.
COVID-19 Impact Analysis
The effects of COVID-19 have emphasized the need for improved risk management, increased preparedness, and higher resilience. The pandemic was a significant disruptor that provided both obstacles and possibilities for the industry. As a result of containment measures, the electricity demand decreased rapidly in numerous places. Hence, the decline in electricity demand in the initial phase of the pandemic negatively impacted the market due to the reduced utilization of the energy security solutions, but it is expected to increase with ease in restriction and demand for electricity increasing.
Market Growth Factors
Rise in regulations for safeguarding power plants
Several government authorities and power plant owners are implementing network and physical solutions such as a perimeter, microwave intrusion detection, secured communications, surveillance systems, access control systems, and detectors. These solutions are intended to thwart potential threats. In addition, network systems such as antivirus, firewall, SCADA systems, and IPS/IDS systems are implemented to prevent cybercriminals from attacking the network power plant network. The government’s effort to implement security solutions to safeguard power plants from threats is projected to propel energy security adoption and market growth.
Accelerated threat of terrorists and cyber attacks
Security professionals view reputable energy security suppliers as important partners that can assist them with crucial energy security choices. When sensitive content is identified in or leading up to the cloud, energy security allows IT teams to manage potential violations on their local networks for more investigation. In addition, an extensive study on threat observations supports a business in recognizing and halting harmful conduct before it worsens. These reasons are driving the market for energy security forward.
Market Restraining Factors
Lack of sufficient funding among SMEs
The lack of financial resources hinders the adoption of new technologies and corporate security solutions by these organizations, resulting in an inadequate IT security architecture. In addition, small firms are burdened with the management of budgeted finances for a variety of operational issues and business continuity planning, leaving them with less time and resources to implement security solutions. Thus, due to the lack of capital among SMBs and startups, the market for security solutions in the energy sector may suffer slowed growth throughout the projected period.
Component Outlook
Based on component, the energy security market is segmented into solution and service. The solution segment held the highest revenue share in the energy security market in 2021. This is because preserving and enhancing the energy sector’s resilience in the face of both man-made and natural disasters is an ongoing process that involves continued vigilance, contingency planning, and training which can be attained with an energy security solution. Many programs funded by governmental and private groups support the energy sector’s security vision and objectives.
Technology Outlook
On the basis of technology, the energy security market is divided into physical security and network security. The network security segment procured a significant revenue share in the energy security market in 2021. This is owing to the weaknesses in the IT systems, OT infrastructure, and supply chain partners, which exposes energy firms to cyber risk. IT systems consist of the software, hardware, and technologies used to collect and process data for the enterprise’s business operations. OT infrastructure comprises the software, hardware, and technologies necessary to control physical equipment like pumps, motors, valves, and switches.
Power Plant Outlook
By power plant, the energy security market is classified into thermal & hydro, nuclear, oil & gas and renewable energy. The thermal & hydro segment registered the highest revenue share in the energy security market in 2021. This is due to the fact that hydropower plays a crucial role in the transition to clean energy, not just because it generates vast quantities of low-carbon electricity. Also, it has unparalleled flexibility and storage capacity. Compared to nuclear, coal, and natural gas power plants, many hydropower plants can quickly scale up and down their electricity production.
Regional Outlook
Region-wise, the energy security market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The North America region led the energy security market by generating the maximum revenue share in 2021. This is due to the rising industrialization and urbanization, which are anticipated to fuel the North American power industry. In addition, throughout North America, the installation of renewable energy facilities has increased as a result of the rules for reducing countries’ carbon footprints. This element will give rise to the more renewable energy sources which in turn will increase the demand for energy security solutions, providing future prospects for the energy security market in North America in the projected period.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Siemens AG, Teledyne FLIR LLC (Teledyne Technologies Incorporated), ABB Ltd., Honeywell International, Inc., BAE Systems PLC, Elbit Sytems Ltd., Thales Group S.A., Hexagon AB, Lockheed Martin Corporation and AEGIS Security & Investigations Inc.
Strategies Deployed in Energy Security market
Dec-2022: Hexagon took over Qognify, a company that provides physical security and enterprise incident management software solutions. The acquisition reinforced Hexagon’s physical security and incident management capabilities as well as expanded its real-time monitoring and security foothold in new markets. In addition, the acquisition opened up cross-selling opportunities for its Leica BLK Series of reality capture sensors.
Nov-2022: Honeywell launched its new operational technology Cybersecurity solutions. These solutions have been created for helping customers in defending the reliability, availability, and safety of industrial control systems and operations. The offerings comprise an Advanced Monitoring and Incident Response (AMIR) dashboard and updated cyber app controls. These offerings would empower the organizations with 24/7 intelligent threat detection throughout the growing attack surface of their industrial control systems.
Mar-2022: Teledyne FLIR Defense, a part of Teledyne Technologies, introduced a new Lightweight Vehicle Surveillance System (LVSS) with revolutionary air domain awareness (ADA) and advanced counter-unmanned aerial system (C-UAS) capabilities. The LVSS ADA C-UAS is an improved version of the field-tested LVSS platform from Teledyne FLIR that uses cutting-edge technology to detect and reduce the growing threat posed by tiny drones. To give early warning alerts and recognition, the new system makes use of a potent combination of 3D radar, EO/IR camera, and RF detection and mitigation sensors. Threats are identified and displayed concurrently, with all radar tracks’ positions and elevations displayed. The most potent mobile surveillance device on the market for fending off these threats is the LVSS C-UAS, which combines powerful counter-drone technologies and countermeasures.
Sep-2021: Teledyne FLIR, a part of Teledyne Technologies, made additions to its Elara R-Series Commercial Ground Security Radars and the FH-Series Multispectral Fixed Cameras, its perimeter security suite. The Elara R-Series operates as an ideal commercial radar system for industrial commercial applications whereas the FH-Series offers both video verification and intrusion detection through its high-resolution thermal and visible imaging capabilities. These features and the capacity to capture crucial details utilizing 4K imagery, greatly enhancing response times enable security professionals to accurately identify and assess situations.
May-2021: Teledyne Technologies acquired FLIR Systems, a company engaged in designing, developing, manufacturing, marketing, and distribution of technologies that enhance perception and awareness. Following the combination, Teledyne FLIR offers a broad range of imaging technologies and products, from components to whole imaging systems, ranging from X-ray to infrared. Moreover, Teledyne FLIR offers a full selection of unmanned systems and imaging payloads for use in all environments, from deep space to Deep Ocean.
May-2021: Siemens Energy came into collaboration with ServiceNow, a company that develops a cloud computing platform for helping the organization in managing digital workflows for enterprise operations. The collaboration was aimed to develop a unified software service product that enables energy companies for monitoring, detect, and respond to cyber threats targeting digitally connected critical infrastructure.
Apr-2021: Thales together with Ericsson announced a partnership with EDF for bringing mobile broadband connectivity to nuclear facilities in France, both in production and under construction. The companies have partnered on CONNECT, a project to provide secure cellular connectivity to all of EDF’s nuclear energy sites. The new network infrastructure was created specifically for EDF, making sure that its requirements for scalability, flexibility, and Cybersecurity are fulfilled.
Nov-2020: Hexagon AB announced the acquisition of PAS Global, an industrial control system Cybersecurity company. Following the acquisition, PAS merged with Hexagon’s PPM division for creating a new Cybersecurity-focused business segment in Hexagon’s existing business, together with providing over 500 customers throughout 1450 sites in 70 countries. The acquisition expanded Hexagon’s footprints and enlarged its capabilities by extending the solutions to operational technology Cybersecurity and operational risk management.
May-2019: Siemens collaborated with Chronicle for protecting the critical infrastructure of the energy sector from rising sophisticated and malicious industrial cyber threats. The cutting-edge managed service delivers new levels of protection against potential operational, commercial, and safety risks, and unlocks the analytics ecosystem.
Scope of the Study
Market Segments covered in the Report:
By Component
• Solution
• Services
By Technology
• Physical Security
• Network Security
By Power Plant
• Thermal & Hydro
• Renewable Energy
• Oil & Gas
• Others
By Geography
• North America
o US
o Canada
o Mexico
o Rest of North America
• Europe
o Germany
o UK
o France
o Russia
o Spain
o Italy
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o South Korea
o Singapore
o Malaysia
o Rest of Asia Pacific
• LAMEA
o Brazil
o Argentina
o UAE
o Saudi Arabia
o South Africa
o Nigeria
o Rest of LAMEA
Companies Profiled
• Siemens AG
• Teledyne FLIR LLC (Teledyne Technologies Incorporated)
• ABB Ltd.
• Honeywell International, Inc.
• BAE Systems PLC
• Elbit Sytems Ltd.
• Thales Group S.A.
• Hexagon AB
• Lockheed Martin Corporation
• AEGIS Security & Investigations Inc.
Unique Offerings
• Exhaustive coverage
• Highest number of market tables and figures
• Subscription based model available
• Guaranteed best price
• Assured post sales research support with 10% customization free
Read the full report: https://www.reportlinker.com/p06449925/?utm_source=GNW
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Artificial Intelligence
China Mobile and Global Mobile Operators Explore Pathways to a More Intelligent Future at Global Partnership Executive Conference
SHANGHAI, June 26, 2024 /PRNewswire/ — China Mobile held the Global Partnership Executive Conference under the Hand-in-Hand Program (hi-H Program) with the theme of “Hand-in-Hand, Leap Forward in Intelligent Future” on 25 June during MWC Shanghai 2024.
The conference was attended by 78 operators from over 30 countries and regions, with more than 300 executives and industrial experts. It featured keynote speeches, a fireside chat, roundtable discussions, and a launch ceremony, reflecting a new chapter of cooperation with international operator partners. Mr. Gao Tongqing, Executive Vice President of China Mobile, attended the conference and delivered a speech.
Mr. Gao Tongqing stated that China Mobile is actively promoting cooperation with overseas operators, building high-quality capabilities, and empowering global partners each other.
Firstly, China Mobile is continuously building digital intelligent infrastructure. It has more than 1.9 million 5G base stations, with nearly 800 million 5G package users and serving more than 25 million industry customers and over 30,000 5G commercial users, while accelerating the development of innovative products.
Secondly, China Mobile promotes the integration of AI into the businesses and has developed the “Jiutian Zhongqing” foundation model, which has been deployed in more than 10,000 “AI+” projects across dozens of industries.
Thirdly, China Mobile is actively advancing digital intelligent capabilities for global partners, providing high quality products and empowering partners in areas such as 5G private networks and industry applications, to create shared success.
The keynote addresses delivered by China Mobile, Orange Wholesale International, Singtel, e& and TIM Brasil provided a powerful vision for the transformation required for the telecoms industries to thrive in the hyper-connected, technology-driven landscape.
Emmanuel Rochas, CEO of Orange Wholesale International, set the tone by emphasizing the critical importance of forging strategic partnerships and collaborative ecosystems. He asserted, “Strategic collaboration has become crucial for traditional carriers in today’s fast-paced business environment. By drawing on the expertise of partners from diverse industries, operators can stay ahead of new technologies, adapt to evolving markets and effectively serve their customers high expectation towards connectivity services – achieving significant business impact.”
Echoing this sentiment, Anna Yip, Deputy CEO of Singtel Singapore, underscored the pivotal role that the telecommunications sector plays in enabling the emergence of new strategic industries through the transformative power of 5G and AI. She stated, “The telecom industry plays a pivotal role in the emergence of new strategic industries based on transformative technologies like 5G and artificial intelligence. By forging impactful partnerships, we unlock new opportunities for businesses and help economies and communities tackle complex global challenges.”
“As customer expectations continue to rapidly evolve in our digital-first world, organizations must undergo profound transformations to stay competitive and deliver exceptional experiences,” said Rashid Ali Al Ali, Senior Vice President International Data of e&. “By embedding a true customer-centric mindset into our business strategy, operations, and culture, we are able to anticipate and meet the changing needs of our customers, driving sustainable growth for our company.”
Alberto Griselli, CEO of TIM Brasil, further explored how telecom operators can expand beyond connectivity-centric offerings to unlock new revenue streams and transform the future. “Developing innovative, value-added solutions that address evolving customer needs and pain points will position telcos as key enablers of the digital economy. Promoting digital transformation, we have an opportunity to contribute to building a more inclusive and diverse society and moving towards a more circular, low-carbon future,” he said.
Under the theme “Collaborate to Innovate, Shape the Intelligent Future” leading telecom operators from around the world gathered for an exclusive ceremony to celebrate their shared commitment to “Going Global”. This prestigious event featured distinguished guests from companies such as e&, Singtel, TIM Brasil, CTM, and SmarTone to strengthen existing partnership and forge new alliances that will shape the intelligent future of telecommunications. With a vision to chart the course for the future of international partnerships, through this event, China Mobile aims to infuse new energy into the global telecom ecosystem and showcase the power of collaboration in leaping forward in the intelligent future.
About China Mobile International Limited
China Mobile International Limited (CMI) is a wholly owned subsidiary of China Mobile. In order to provide high quality services to meet the growing demand in the international market, China Mobile established CMI in December 2010, headquartered in Hong Kong, China. CMI has expanded its footprint in 38 countries and regions. Leveraging the strong support by China Mobile, CMI is a trusted partner that provides comprehensive international information services and solutions to enterprises, carriers and mobile users. please visit www.cmi.chinamobile.com
About Hand-in-Hand Program
Established in 2015 by China Mobile, the Hand-in-Hand Program (“hi-H Program”) is a global partnership initiative which brings together various organizations from across the telecoms sector under the shared vision of providing seamless, borderless products and services worldwide. By gathering major players from different sectors together, hi-H combines strengths from across the industry to enhance each member’s ability to overcome challenges and adapt to industry changes.
About GTI
GTI, founded in 2011, has been dedicated to constructing a robust ecosystem of TD-LTE, speeding up the commercialization of TD-LTE and promoting the convergence of LTE TDD and FDD. As 4G evolves to 5G, GTI 2.0 was officially launched at the GTI Summit 2016 during the Mobile World Congress 2016 in Barcelona, aiming not only to further promote the evolution of TD-LTE and its global deployment, but also fostering a cross-industry innovative and a synergistic 5G ecosystem.
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The acquisition combines Funnel’s data collection and analysis acumen with Adtriba’s complex machine-learning measurement tools, optimized for the likes of Adidas and Sony
STOCKHOLM, Sweden and HAMBURG, Germany, June 26, 2024 /PRNewswire/ — Funnel (www.funnel.io), the marketing intelligence platform, has today announced its acquisition of the marketing measurement company Adtriba (www.adtriba.com). The move expands and enhances Funnel’s product offering, building on its core Data Hub and visualization to offer more advanced marketing analytics and Unified Marketing Measurement (UMM). The acquisition consolidates Funnel’s position as a global frontrunner in marketing intelligence with the company generating more than $50 million in Annual Recurring Revenue (ARR).
At a time when it is becoming increasingly complicated to collect, analyze and measure marketing data from online and offline channels, this acquisition strengthens the sophistication of Funnel’s marketing insights. Funnel’s thousands of customers will be provided with a market-first integrated measurement technology, based on Adtriba’s capabilities, within one unified platform.
Marketing is often a company’s biggest investment, and yet many elements of advertising campaign effectiveness remain intangible and unquantifiable to the marketers who design them. Working with the likes of Adidas, Sony, FlixBus and Samsung, Funnel and Adtriba’s combined solution accurately identifies the impact of budgetary spend and campaign ROI through an AI-powered model that triangulates marketing mix modelling (MMM), multi-touch attribution (MTA) and incrementality testing methodologies.
In 2021, the marketing attribution software market was valued at $3.1 billion, boosted by the expansion of online marketing channels and emerging technologies such as cloud computing and AI-powered solutions. Growing at a CAGR of 15.5% from 2022 to 2031, the market is projected to reach $12.9 billion by 2031.
Fusing Data Intelligence and Machine Learning
Founded in Stockholm in 2014, Funnel has grown to over 300 employees and is trusted by globally recognized brands such as Home Depot and Uber, as well as agency clients across B2B and B2C like Publicis and Havas. Data gleaned from every marketing channel, from Google Ads to LinkedIn, Salesforce to Facebook Ads, is collated and presented across easy-to-use dashboards in Funnel’s Data Hub to support companies with the gathering, reporting and exporting of information.
Hamburg-headquartered Adtriba has grown to 18 employees since launching in 2015 and has been used by multinational companies like FlixBus and Montblanc for data-driven marketing measurement and optimization across all channels.
In the coming months, Adtriba’s software will be fully incorporated into Funnel’s platform, creating an integrated marketing intelligence platform for measurement and ‘triangulation’ through blending MMM, MTA and incrementality testing methodologies. Combining these methodologies is the best way to measure marketing activities accurately and to determine what is working and why. With more businesses shifting from pure performance marketing to holistic full-funnel approaches, it is crucial to track marketing spending impact, particularly in the upper funnel.
Measurement has been largely inaccessible to companies due to its perceived cost, complexity, and lack of real-time updates. Restrictions on third-party cookies, privacy and data collection on iOS and Android, and relying on last-click tracking have all made measuring more difficult. By integrating Adtriba’s proprietary, machine-learning-powered measurement technology into Funnel’s Marketing Intelligence platform, measurement becomes faster, more affordable, and more accurate, removing barriers to entry for marketers. This holistic marketing measurement, referred to as UMM, is at the forefront of data analytics and has previously been restricted to larger enterprises.
Partnership-turned-Full Acquisition
Owing to Funnel and Adtriba’s multi-year partnership that predates this deal, the acquisition is a natural step towards the delivery of a robust solution for existing and future customers, providing a strong and technologically sound value-add.
As before, the workforces at both companies will continue their activity in Sweden and Germany respectively. Adtriba’s employees will contribute to the Funnel product team and maintain their Hamburg office, and the marketing and sales teams will merge. Both companies’ existing customers will be shared after this acquisition without disrupting Funnel and Adtriba’s product offerings.
As soon as this fall, Funnel’s Marketing Intelligence platform will be greatly enhanced by Adtriba’s solution, expanding the scope for what brands can do with their marketing budgets and offering solution partners a broader, more deeply integrated platform.
Fredrik Skantze, CEO of Funnel, says: “It is one thing to offer clients data and information about their marketing spend; it is quite another to give them marketing intelligence. Add to this Adtriba’s proprietary, world-class measurement technology and this is a very powerful tool for marketers. At Funnel, we are bold in wanting to be the definitive Marketing Intelligence Platform. Through this acquisition, we are well on the way to achieving that goal. If our previous partnership with Adtriba is any indication, I am more than confident this deal will be a success. We are pleased to be welcoming Adtriba’s team to Funnel and we cannot wait to begin the integration of our technologies.”
Adtriba CEO János Moldvay — who will become VP of Measurement at Funnel — adds, “As Adtriba continues to compete in the measurement technology arena, we are thrilled to announce this next step in our journey. Measurement platforms are dependent on accurate, and timely data that shows a complete picture, something that is out of reach for many businesses in our space. However, through our previous partnership with Funnel, we identified their Data Hub as a key differentiator for our measurement product. By integrating Adtriba into Funnel’s Marketing Intelligence platform, Adtriba will more effectively compete in the measurement market and access a large base of data-driven companies at the top of their game.”
About Funnel
Founded in Stockholm in 2014 by Fredrik Skantze (CEO) and Per Made (CMO), Funnel (www.funnel.io) is the Marketing Intelligence Platform that is trusted by globally recognized brands such as Adidas and Sony. Funnel’s unique Data Hub serves as the foundation for marketing reporting for thousands of organizations. With its cutting-edge platform, users can automatically collect, model, visualize, and analyze data from over 500 marketing platforms. The firm has grown to over 300 employees and generated over $50M in ARR in 2023, consistently featuring in the FT 1000 list of Europe’s fastest-growing companies.
About Adtriba
Adtriba (www.adtriba.com) is a Hamburg-headquartered marketing measurement business founded by János Moldvay (CEO) in 2015. Adtriba measures the impact of budgetary spend and campaign ROI through a machine-learning-powered model that triangulates marketing mix modelling, multi-touch attribution and incrementality testing marketing methodologies. Used by the likes of FlixBus and Montblanc, the company has grown to 18 employees.
Press Contact detailsBill Cropper, [email protected], +44 7305 592555Carl Ronander, [email protected] , +46768836266
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Artificial Intelligence
Wondershare Filmora Premieres Documentary ‘Gen Z in Action’ to celebrate VidCon 2024: A Deep Dive into the Minds Shaping Influencer Culture, Content Creation, and AI
VANCOUVER, BC, June 26, 2024 /PRNewswire/ — In celebration of the 15th anniversary of VidCon and 19 years of YouTube, Wondershare Filmora, a leading video editing software company, is proud to announce the release of its new documentary, “Gen Z in Action.” This insightful film delves into the lives of Gen Z content creators, showcasing their dedication, innovation, and the unique challenges they face in today’s digital landscape.
Filmed in Vancouver, BC, the documentary features in-depth interviews with over 10 Gen Z creators who have found fame and success in photography, music, and cosplay. Among the highlighted creators are Fearfiction, a dedicated cosplayer; Mathew, a relentless musician; and Maxwell, an emerging photographer. These individuals share their journeys, providing a candid look into their lives, work, and creative processes.
“Gen Z in Action” also explores content creation, digital nativity, the effects of AI and influencer culture, and the future of the generation as they explore, define, and create a new era for society.
Christy, VP of Wondershare, expressed her enthusiasm for the project, stating, “At Wondershare, we believe in the power of creativity and the importance of providing creative tools to the voices of the next generation. ‘Gen Z in Action’ not only highlights the incredible talents and innovations of Gen Z creators but also challenges the misconceptions often associated with them. We are excited to share their stories and inspire others to see the potential and drive that this generation brings to the AI era.”
Alongside the documentary, Wondershare Filmora has published a white paper titled “Gen Z in Action.” Based on a survey of nearly 1,000 Gen Zers, this paper dives into their world, showcasing their dedication and innovation while debunking misconceptions about Gen Z. The documentary emphasizes their creativity, diligence, and passion to grow in their own way.
About Filmora
Filmora is designed with its user in mind, featuring smoother performance and an intuitive user interface. With advanced AI functions, over 220,000 creative assets, commercially available music, 3D LUTs, effects, and pre-set templates, you have everything you need to perfect your creative vision. Filmora is available on iOS, Android, macOS, and Windows. To try it for free, visit filmora.wondershare.com. Follow Wondershare Filmora on YouTube, TikTok, Instagram, and Facebook to learn more
About Wondershare
Wondershare is globally recognized as a software company committed to delivering innovative solutions for personal and professional use. As a leader in creativity and productivity products, Wondershare has received prestigious awards from organizations such as The Shorty Awards, G2, and GetApp. At Wondershare, the mission is to empower individuals to pursue their passions and build a more creative world. With over 100 million users across 150 countries, users can access a wide range of software solutions for video editing, PDF editing, data recovery, diagram and mind mapping, and more.
Media Contact: [email protected]
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