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At CAGR Value of 18.43%, Global Vertical Farming Market Size/Share Will Reach USD 30,911.23 Million By 2032: Polaris Market Research

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New York, NY, April 24, 2023 (GLOBE NEWSWIRE) — Polaris Market Research has published a new research report titled “Vertical Farming Market Share, Size, Trends, Industry Analysis Report, By Growth Mechanism (Aeroponics, Hydroponics, Aquaponics), By Structure, By Components, By Crops, By Region, Segments & Forecast, 2023 – 2032” in its research database.

“According to the latest research analysis, the global vertical farming market size/share is anticipated to be valued at approximately USD 5,771.78 Million in 2022 and is projected to hit a revenue of around USD 30,911.23 Million By 2032, at a CAGR of around 18.43% between 2023 and 2032.”

What is Vertical Farming? How Big is Vertical Farming Market Size & Share?

Vertical farming is a modern agricultural practice that involves growing crops in vertically stacked layers using controlled-environment agriculture techniques. This approach often incorporates soilless farming methods such as hydroponics, aquaponics, and aeroponics.

The growth of the vertical farming market size in recent years can be attributed to the declining arable land and water scarcity, along with factors such as increasing demand for fresh and locally grown produce, advancements in technology and automation, and growing awareness of the benefits of sustainable agriculture. These trends are expected to continue driving market growth in the forecast period.

Request Sample Copy of Vertical Farming Market Research Report @ https://www.polarismarketresearch.com/industry-analysis/vertical-farming-market/request-for-sample
(The sample of this report is readily available on request. The report sample contains a brief introduction to the research report, a Table of Contents, a Graphical introduction of regional analysis, Top players in the market with their revenue analysis, and our research methodology.)

Our Sample Report Covers:

  • 2032 Updated Report Introduction, Overview, and In-depth industry analysis.
  • 115+ Pages Research Report (Inclusion of Updated Research).
  • Provide Chapter-wise guidance on Requests.
  • 2023 Updated Regional Analysis with Graphical Representation of Size, Share & Trends
  • Includes Updated List of tables & figures.
  • Updated Report Includes Top Market Players with their Business Strategy, Sales Volume, and Revenue Analysis.

Some of the Top Market Players Are:

  • Aerofarms
  • Infarms
  • SweGreen
  • skyGreens Pte Ltd.
  • Jones Food Company
  • Signify
  • Sky Greens
  • Freight Farms
  • Valoya
  • Osram
  • Heliospectra AB
  • Osram
  • Urban Crop Solutions
  • Plenty Unlimited Inc

To Know an Additional List of Key Players, Request Here to Download a Free Report PDF Brochure: https://www.polarismarketresearch.com/industry-analysis/vertical-farming-market/request-for-sample

Prominent Drivers of the market

  • Declining arable land and water crisis: The loss of arable land and water scarcity is one of the primary driving factors for vertical farming market growth. As traditional agriculture becomes increasingly challenging due to soil degradation, urbanization, and water shortages, vertical farming provides an alternative method for growing crops using less land and water.
  • Efficient use of space and resources: Vertical farming allows for the efficient use of space and resources. Growing crops in vertically stacked layers requires less land than traditional farming methods. Farming in urban areas is possible, bringing fresh produce closer to consumers while reducing transportation costs and emissions.
  • Precise control over water usage: Vertical farming can significantly reduce water usage in agriculture. It allows for precise control of plant water delivery, reducing waste and optimizing water use. This is especially crucial in areas where water is scarce. Thus, vertical farming market shares are expanding.
  • Increasing demand for fresh and locally grown produce: The demand for fresh and locally grown produce is increasing as consumers become more interested in where their food comes from and how it is grown. Vertical farming, which allows for year-round production of fresh and pesticide-free produce, is an attractive alternative to traditional farming methods.

Request Customized Copy of Report @ https://www.polarismarketresearch.com/industry-analysis/vertical-farming-market/request-for-customization

(We customize your report according to your research need. Ask our sales team for report customization.)

Top Report Findings

  • Loss of arable land and scarcity of water are the driving factors for the market’s growth.
  • The market is primarily segmented based on growth mechanism, structure, components, crops, and region.
  • North America region dominates the market.

Top Trends Influencing the Market

  • Technological advancements: The vertical farming industry is experiencing rapid technological advancement with IoT, artificial intelligence, and automation innovations. These technologies enable vertical farmers to monitor and control parameters such as temperature, humidity, and nutrient levels to enhance crop quality and yield and reduce operational costs.
  • Growing demand for locally produced food: The demand for locally produced food is surging due to consumers’ growing concerns over the environment, food safety, and health. Vertical farming’s ability to produce fresh, nutritious, and pesticide-free food in urban areas with limited space is attracting attention from consumers and investors.
  • Shift towards sustainable and eco-friendly agriculture: Vertical farming is a sustainable and eco-friendly farming method that uses significantly less water and land than conventional farming methods. This approach also eliminates the need for harmful pesticides and herbicides, making it an environmentally conscious solution. Thus, this vertical farming market trend is giving pace to growth.
  • Rising global population and urbanization: The world’s population is continuously increasing, and urbanization is also on the rise. Vertical farming can help address the growing population’s challenges by producing fresh and healthy food in urban areas without the need for large land areas.

Segmental Analysis

  • In 2022, the Hydroponics sector was expected to be the dominant player in the market

Based on the growth mechanism of vertical farming market segmentation, Hydroponic systems can utilize less water than conventional farming methods since the water is reused in a closed-loop system, resulting in up to 90% water savings. This makes hydroponics a more sustainable and environmentally conscious way of cultivating crops. In addition, hydroponic systems provide ideal growing conditions, resulting in increased crop yields compared to traditional farming methods.

  • Building-based Vertical Farms segment held the top position in the market in 2022

Vertical farming market sales have witnessed a surge in building-based vertical farms in recent years. These farms are an innovative solution for producing fresh, nutritious, and sustainable food in urban areas with limited space. The growth of this segment can be attributed to various factors such as efficient use of space, reduced transportation costs, a controlled environment, and higher crop yields.

Inquire more about this report before purchase @ https://www.polarismarketresearch.com/industry-analysis/vertical-farming-market/inquire-before-buying

(Inquire about a report quote OR available discount offers to the sales team before purchase.)

Vertical Farming Market: Report Scope

Report Attribute Details
Revenue Forecast in 2032 USD 30,911.23 Million
Market size value in 2023 USD 6,746.06 Million
Expected CAGR Growth 18.43% from 2023 – 2032
Base Year 2022
Forecast Year 2023 – 2032
Top Market Players Aerofarms, Infarms, SweGreen, skyGreens Pte Ltd., Jones Food Company, Signify, Sky Greens, Freight Farms, Valoya, Osram, Heliospectra AB, Osram, Urban Crop Solutions, Plenty Unlimited Inc.
Segments Covered By Growth Mechanism, By Structure, By Components, By Crops, By Region
Customization Options Customized purchase options are available to meet any research needs. Explore customized purchase options

Geographic Overview

North America: The vertical farming market demand in the North American region is going through a notable surge and is predicted to expand further in the upcoming years. The primary impelling forces behind this upswing are the mounting acceptance by commercial growers and a growing desire for fresh, locally cultivated produce. To augment efficiency and profitability, commercial growers in North America are progressively embracing this farming technique.

Browse the Detail Report “Vertical Farming Market Share, Size, Trends, Industry Analysis Report, By Growth Mechanism (Aeroponics, Hydroponics, Aquaponics), By Structure, By Components, By Crops, By Region, Segments & Forecast, 2023 – 2032” with in-depth TOC: https://www.polarismarketresearch.com/industry-analysis/vertical-farming-market           

For Additional Information OR Media Enquiry, Please Mail At: [email protected]

Recent Developments

  • The biggest indoor vertical farm in Saudi Arabia and the MENA region is set to be built and operated by AeroFarms in February 2023, per their agreement with PIF.
  • In October 2022, Urban Crop Solutions (UCS) and Rudi Pauwels agreed to create a research center in Southern Spain to enhance the nutrient content of indoor farming applications.

Frequently Asked Questions:

  • What is vertical farming?
  • What are the key drivers of the market?
  • Which region is expected to dominate the market?
  • What are the recent developments that took place in the market?
  • What factors are responsible for the growth of the market?

Polaris Market Research has segmented the vertical farming market report based on growth mechanism, structure, components, crops, and region:

By Growth Mechanism Outlook

  • Aeroponics
  • Hydroponics
  • Aquaponics

By Structure Outlook

  • Building-based Vertical Farms
  • Shipping Container-based Vertical Farms

By Component Outlook

  • Lighting
  • Hydroponic components
  • Climate control
  • Sensors
  • Software

By Crops Outlook

  • Fruits, Vegetables, & Herbs
  • Tomato
  • Lettuce
  • Strawberry
  • Cucumber
  • Herbs
  • Others
  • Flowers & Ornamentals
  • Perennials
  • Annuals
  • Ornamentals
  • Others

By Region Outlook

  • North America (U.S, Canada, Mexico)
  • Asia-pacific (China, Japan, India, Australia, Rest of Asia- pacific)
  • Europe (Germany, UK, France, Spain, Italy, Rest of Europe)
  • LAMEA (Latin America, Middle East & Africa)

Browse More Research Report:

About Polaris Market Research

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR’s clientele spread across different enterprises. We at Polaris are obliged to serve PMR’s diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide PMR’s customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR’s customers.

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Artificial Intelligence

Latest VIPRE Security Group Email Threat Trends Research Exposes Global Phishing and Malware Threat Landscape

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The US, UK, Ireland, and Japan emerge as the main source of spam; manufacturing, government, and IT sectors are most victimized; Pikabot top malware family 
LONDON, May 9, 2024 /PRNewswire/ — VIPRE Security Group, a global leader and award-winning cybersecurity, privacy, and data protection company, today released its Q1 2024 Email Threat Trends report, based on an analysis of 1.8 billion emails. The findings reveal the evolving landscape of email-based threats and emerging tactics malicious actors are employing.

The US, UK, Ireland, and Japan top the spam sources listThe report identifies the US as the top source of spam emails globally, followed by the U.K., Ireland, and Japan. The US, UK, and Canada are the top three countries most subjected to email-based attacks.
Attackers aim at the manufacturing sectorThe manufacturing, government, and IT sectors are the most victimized by malicious actors. In Q1 2024, the manufacturing sector suffered 43% of email-based attacks, with the government (15%) and IT (11%) trailing well behind. This is a change from Q1 2023, when attackers targeted the financial (25%), healthcare (22%), and education (15%) sectors most often.
Scams surpassing phishing This research warns that ‘scams’ within the spam category are growing in popularity among cybercriminals, overtaking phishing emails in the first quarter of 2024.
There’s been a notable increase in phishing emails masquerading as communications from Human Resources, falsely claiming to relate to employee benefits, compensation, or insurance within a company. These emails contain malicious attachments in .html or .pdf formats, featuring phishing QR codes that redirect recipients to phishing sites upon scanning.
New phishing trends and techniquesIn email phishing campaigns, 75% of emails leverage links, 24% favor attachments, and 1% use QR codes. Attackers are employing links in phishing emails for URL redirection (54%), compromised websites (22%), and newly created domains (15%).
Emerging tactics employed by cybercriminals to execute phishing attacks include the use of .ics calendar invite and .rtf attachment file formats to trick recipients into opening malicious content.
Malspam links and top malware familyEncouraged by the success of password-oriented phishing emails that use links, cybercriminals are opting for malicious links in malspam emails instead of attachments. Malware is increasingly being hidden in cloud storage platforms such as Google Drive. The use of malware-based emails employing attachments has increased to 22% in Q1 2024, from only 3% in Q1 2023.
Due to the void left by the dismantled Qakbot malware, Pikabot has emerged as the top malware family, with IceID a distant second.
Exploiting software vulnerabilitiesCriminals are exploiting a web application vulnerability, most notably Reflected Cross-Site Scripting (XSS), focusing on the tag attribute “href”, to circumvent detection by using a variety of tactics such as images as the entire email content, encoding URLs, and directing the victim through multiple URLs.
Malicious actors are also finding success with thread hijacking of NTLM (NT LAN Manager), a security protocol used by Microsoft Windows operating systems for authentication. By hijacking the authentication thread, attackers extract NTLM challenge-response hashes from legitimate SMB (Server Message Block) sessions, to enable them to impersonate authenticated users and gain unauthorized access.
“Criminals are using email with success to scam, infiltrate networks, and unleash malicious payloads,” warns Usman Choudhary, Chief Product and Technology Officer, VIPRE Security Group. “We’re witnessing bad actors relentlessly exploiting human vulnerabilities and software flaws, circumventing email gateways and security measures with alarming precision. Robust email and endpoint defenses, coupled with a vigilant human frontline, remain our strongest defense against these unyielding attacks.”
To read the full report, click here: VIPRE’s Email Threat Trends Report: Q1 2024.
VIPRE leverages its unique understanding of email security to equip organizations with the information they need to protect themselves. This report is based on proprietary intelligence gleaned from round-the-clock vigilance of the cybersecurity landscape.
About VIPRE Security Group VIPRE Security Group, part of Ziff Davis, Inc., is a leading provider of internet security solutions purpose-built to protect businesses, solution providers, and home users from costly and malicious cyber threats. With over 25 years of industry expertise, VIPRE is one of the world’s largest threat intelligence clouds, delivering exceptional protection against today’s most aggressive online threats. Our award-winning software portfolio includes next-generation antivirus endpoint cloud solutions, advanced email security products, along with threat intelligence for real-time malware analysis, and security awareness training for compliance and risk management. VIPRE solutions deliver easy-to-use, comprehensive layered defense through cloud-based and server security, with mobile interfaces that enable instant threat response. VIPRE is a proud Advanced Technology Partner of Amazon Web Services operating globally across North America and Europe.
The group operates under various brands, including VIPRE®, StrongVPN®, IPVanish®, Inspired eLearning®, Livedrive®, and SugarSync®. www.VIPRE.com

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Logicalis unites Australia and Asia operations as Logicalis Asia Pacific, creating a regional powerhouse

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LONDON, May 9, 2024 /PRNewswire/ — Logicalis, a leading global technology services provider, has announced the creation of a new Asia Pacific entity, combining its Logicalis Australia and Logicalis Asia operations. This strategic realignment will be effective from June 01, 2024, and positions Logicalis to amplify its market presence through increased synergy within the APAC region.

The combined Logicalis Asia Pacific entity will consolidate 1,600 employees with a collective revenue upwards of $US350 million across 10 countries, including Singapore, Malaysia, Hong Kong, China, Thailand, Indonesia, Taiwan, Philippines, Vietnam, and now Australia. The newly formed entity will be led by Chong-Win Lee as the Chief Executive Officer (CEO) of Logicalis Asia Pacific with Anthony Woodward continuing in his role as CEO of Logicalis Australia and reporting to Chong-Win Lee. In addition to his current responsibilities, Woodward will lead a special task force focused on fostering innovation and identifying synergistic, joint opportunities across the region.
Chong-Win Lee, CEO, Logicalis APAC, said, “The strategic consolidation of Logicalis’ operations across Australia and Asia marks a pivotal moment in the company’s continued growth and evolution. The aim of this reorganisation is to build a powerhouse capable of delivering high-impact technology solutions more efficiently for customers across Asia Pacific, while still providing the local expertise and support that Logicalis customers value.”
The combination is designed to enhance service delivery and bring a cohesive solution portfolio to customers, reflecting the alignment of Logicalis Asia’s strategy to enable XaaS operating models to support digital transformation, and Logicalis Australia’s commitment to becoming the best MSP in the country. The combined operation will deliver seamless access to Logicalis’ experience in industry sectors such as financial services, government and healthcare, empowering teams to build skill and capacity for data and application modernisation, cloud managed services, artificial intelligence (AI), and more. From a security perspective, it will reinforce the company’s powerful customer proposition, giving customers access to the global network of threat intelligence research and experience encapsulated in the regional Logicalis Security Operations Centre (SOC).
Anthony Woodward, CEO, Logicalis Australia, said, “Formally combining the strengths of Logicalis Australia and its Asia counterparts is an acceleration of what has already been happening organically. This evolution lets Logicalis Australia and our customers leverage high-value digital capabilities from across the region, ensuring faster, more competitive, and more comprehensive service offerings. It also strengthens the local team’s onshore capabilities while integrating best practices and expertise from across Asia, enabling the delivery of scalable, cost-effective managed service options for customers.”
The announcement comes at a time when Logicalis has been increasingly focusing on expanding its core Microsoft and Cisco businesses, enhancing its capabilities in cloud, cybersecurity, and managed services. Logicalis Asia has also recently brought Atlassian onboard as a strategic vendor. Chong-Win Lee, CEO, Logicalis Asia Pacific, said, “The Logicalis Asia Pacific entity will help the company to achieve greater influence with vendors and deliver even greater outcomes for customers into the future.”
Bob Bailkoski, global CEO, Logicalis said, “The goal for Logicalis is clear: to harness the collective strengths of the company’s diverse operations to drive innovation and growth throughout Australia, Asia, and the globe. This reorganisation represents a strategic response to the evolving IT landscape and reinforces Logicalis’ commitment to developing solutions that support its customers’ success in the digital age.”
About Logicalis 
We are Architects of Change™. We help organisations succeed in a digital-first world. At Logicalis, we harness our collective technology expertise to help our clients build a blueprint for success, so they can deliver sustainable outcomes that matter.
Our lifecycle services across cloud, connectivity, collaboration, and security are designed to help optimise operations, reduce risk and empower employees.
As a global technology service provider, we deliver next-generation digital managed services, to provide our clients with real-time visibility and actionable insights across the performance of their digital ecosystem including; availability, user experience, security, economic performance and sustainability.
Our 7000+ ‘Architects of Change’ are based in 30 territories around the globe, helping our 10,000+ clients across a range of industry sectors create sustainable outcomes through technology.
Logicalis has annualised revenues of $1.7 billion, from operations in Europe, North America, Latin America, Asia Pacific, and Africa.
It is a division of Datatec Limited, listed on the Johannesburg Stock Exchange, with revenues of over $5.1 billion.
For more information visit https://www.logicalis.com
For media enquiries, contact:
Logicalis Team at Another Word 
Email: [email protected]
Tel: 020 3176 0014
 
 

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Raiinmaker to make a splash on Yield App Angel Launchpad

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ROME, May 9, 2024 /PRNewswire/ — Raiinmaker, a Web3 and AI Technology company that has developed the Raiinmaker AI Super App and Raiinmaker Network is revolutionizing the monetization of users’ contribution to AI infrastructure. Today, Yield App proudly announced that an exclusive $200,000 allocation of Raiinmaker’s native token, $COIIN, will be the second-ever offering on its Angel Launchpad!

Established in 2018, Raiinmaker is on a mission to empower anyone with a smartphone anywhere in the world, to earn cryptocurrency through training AI models and running an independent validator node. By leveraging groundbreaking Web3 and AI technology, Raiinmaker provides a decentralized platform for AI developers and validators to collaborate securely and exchange AI models.
Validators on Raiinmaker earn rewards for their contributions, fostering a culture of active engagement and top-tier performance. The platform operates on a transparent governance framework, allowing community members to play a pivotal role in decision-making processes.
Raiinmaker’s token and platform are designed with interoperability in mind, ensuring seamless integration with major blockchain networks. The Raiinmaker Network Protocol harnesses decentralized AI and scalable Web3 infrastructure to redefine the value associated with identity, data, and behavior. Built on this network, Raiinmaker’s Super App is set to transform how users monetize their contributions to AI infrastructure via the platform’s native token, $COIIN.
Raiinmaker’s team is composed of industry veterans from corporate giants such as Disney, Oracle and Boeing. With a wealth of experience and a shared passion for innovation, this team is driving Raiinmaker’s mission to revolutionize the digital landscape.
“We’re excited to be the second project with our native token, $COIIN, as an offering on the Yield App Angel Launchpad and we share the same vision of providing investment opportunities for crypto enthusiasts,” said J.D. Seraphine, Founder and CEO of Raiinmaker.
Raiinmaker’s $COIIN token will be offered on the Yield App Angel Launchpad on 9 May 2024. To prepare for launch day, Yield App users can ensure they have a positive USDT balance in their Yield App wallet. This will be used for token allocation during the pledge period.
Before making their pledge, Yield App users must also have Gold tier, Diamond tier, or Angel status. This can be achieved by staking YLD on the Yield App platform. For more details on YLD and the loyalty program, visit the YLD page on Yield App’s website.
With Angel status, users enjoy exclusive benefits such as guaranteed minimum allocation on each Launchpad launch and no maximum pledge cap. Plus, Angel status includes all the benefits of Diamond tier, including top rates on all products. Users can now unlock unlimited access to Angel Launchpad by buying Lifetime Angel status with a one-time fee of 50,000 YLD or by staking 100,000 YLD.
During the pledge period, participants will need to submit a Base Protocol (BASE) address to receive their token allocation, paving the way for a seamless user experience.
“We are thrilled to welcome Raiinmaker and their innovative $COIIN token to the Yield App Angel Launchpad,” said Tim Frost, CEO of Yield App. “Our second Launchpad offering aligns with our vision of empowering users in the digital asset space, and opens up an exciting opportunity for our users with Gold tier, Diamond tier, or Angel status.”
For more updates on the official offering of $COIIN token, visit the Yield App Angel Launchpad website.
About Raiinmaker
Raiinmaker is a Web3 and AI Technology Company that has developed the Raiinmaker AI Super App and Raiinmaker Network Protocol, which revolutionizes the monetization of users’ contribution to AI infrastructure.
About Yield App
Yield App is a digital wealth platform that serves as a digital wealth partner to its customers. The company’s mission is to provide safe custody for digital assets and enable users to exchange and earn at market-leading rates. Yield App achieves this through its innovative technology that seamlessly bridges traditional and decentralized finance, offering users a more efficient and user-friendly way to manage their portfolios.
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