Connect with us
European Gaming Congress 2024

Artificial Intelligence

WISeKey Semiconductors Segment SEALSQ Announces Q1 2023 Non-Audited Revenue of $7.2 Million, a 91% Year-Over-Year Increase

Published

on

<!– Name:DistributionId Value:1000809588 –> <!– Name:NewsArchiveTags Value:AD-HOC –> <!– Name:NewsArchiveOrgTags Value:AD-HOC#AD-HOC/FINANCIAL;GENERAL#GENERAL –> <!– Name:EnableQuoteCarouselOnPnr Value:False –> <!– Name:IcbCode Value:9537 –> <!– Name:CustomerId Value:1015170 –> <!– Name:HasMediaSnippet Value:false –> <!– Name:AnalyticsTrackingId Value:1783b8ef-915e-4e2c-8c49-6e9cc5f058b9 –>

WISeKey Semiconductors Segment SEALSQ Announces Q1 2023 Non-Audited Revenue of $7.2 Million, a 91% Year-Over-Year Increase

In Q1 2023, SEALSQ Launched its First Demonstrator of Quantum Resistant Technology, a New Generation of Quantum Resistant Algorithms Running on One of its Common Criteria EAL5+ Tamper Resistant Secure Arm Platforms

Zurich and BVI – May 11, 2023: Ad-Hoc announcement pursuant to Article 53 of SIX Listing Rules – WISeKey International Holding Ltd (NASDAQ: WKEY / SIX: WIHN) (“WISeKey” or the “Company”), a leading Swiss cybersecurity and IoT company announces Q1 2023 unaudited revenues for its wholly owned semiconductors subsidiary WISeKey Semiconductors SAS which is the predecessor of SEALSQ Corp (“SEALSQ”) (www.sealsq.com).

Q1 FY23 Highlights:

Advertisement
Stake.com
  • Total revenue of $7.2 million, up 91% year-over-year.
  • Experienced strong revenue growth in all semiconductors target markets across network infrastructure, smart building, health IoT, two-factors-authentication USB token.

The Q1 2023 total revenue year-over-year increase of 91% was driven by higher demand coming from of our existing customers mainly in the Network IT infrastructure and Home Automation, as well as with new designs captured in 2022 which ramped up in the later part of 2022 and deployed in 2023.

This builds on the growth SEALSQ exhibited in 2022 financial year during which it reported solid revenue of $23.2 million with a growth rate of more than 36% compared to FY 2021, and EBITDA of $3.0 million. This was reflective of steady semiconductors demand and an ambitious roadmap to develop the next generation of post-quantum chips.

Carlos Moreira CEO of WISeKey noted, “SEALSQ made significant progress in its strategic transformation, and this progress is reflected in both its top-line and bottom-line results for FY 2022, a growth which has continued in Q1 2023. We believe that SEALSQ’s revenue growth and profitability have reached a tipping point where investments we made in the previous years are starting to pay off. One of the key drivers of this success story is the strong global momentum we have seen in the IoT sector requiring the type of secure semiconductors SEALSQ is specialized in providing. SEALSQ semiconductors have been gaining traction and contributing significantly to its revenue growth and profitability.”

Mr. Moreira continued, “This growth in the semiconductors post quantum has been achieved through various strategies, including steps we took to expand SEALSQ’s presence in the North American market, invest in new generation of semiconductors (Quasar), and the on-chip cloud-based solutions, and offer provisioning services with the Matter Root-of-Trust PAA to help our customers save time and money in achieving Matter security compliance. Furthermore, we invested in bringing in new talent and enhancing our sales team capabilities.”

SEALSQ’s success in the cloud sector has resulted in strong revenue growth in the current quarter. This demonstrates that the company’s efforts in transforming its business strategy are yielding positive results and that it is well positioned for future growth and success.

SEALSQ achieved major milestones with the Post-Quantum engineering team being able to carry both Kyber and Dilithium CRYSTAL quantum-resistant NIST selected algorithms and the appropriate APIs on the MS6003, a WISeKey Common Criteria EAL5+ Certified secure hardware platform powered by an ARMSC300 core and featuring an USB interface, thus creating the first Quantum-Resistant USB Token demonstrator. This demonstrator marks a significant milestone for the QUASARS (QUAntum resistant Secure ARchitectureS) project and takes us one step closer to achieving our goal of building a Post-Quantum Hardware Security Module and Root-of-Trust.   

Advertisement
Stake.com

SEALSQ has also taken affirmative steps to implement its QUASARS project. The QUASARS project, is a radically innovative solution, based upon the new WISeKey Secure RISC V platform that is paving the way for the Post Quantum Cryptography era, offering hybrid solutions compliant with ANSSI’s (“Agence nationale de la sécurité des systèmes d’information,” the National Cybersecurity Agency of France) recommendations. Of note, SEALSQ has received strong support from the French SCS (Secured Communicating Solutions) Cluster for its QUASARS project. This project is expected to generate new revenue streams in the medium term.

SEALSQ is using AI capabilities to increase the performance of post-quantum semiconductors by assisting in the design and optimization of these materials. AI can be used to simulate and model the behavior of these semiconductors, which can help researchers to identify the most promising materials for use in quantum devices.

The market for semiconductors is currently witnessing a renewed interest as there has been a significant global shortage of semiconductors during COVID, which has affected various industries, including automotive, consumer electronics, and telecommunications. This shortage has created a sense of urgency among companies to secure a stable and reliable supply of semiconductors, leading to increased demand for semiconductor companies.

As is the case with SEALSQ, semiconductors are at the heart of technological advancements such as artificial intelligence (AI), Post-Quantum, Internet of Things (IoT), cloud computing, and 5G. These emerging technologies require advanced semiconductor chips to power their functionality. As the adoption of these technologies accelerates, the demand for semiconductors and the companies that produce them naturally increases. With the proliferation of data-intensive applications and the expansion of cloud computing services, there is a growing need for data centers to process and store large volumes of data. Data centers heavily rely on semiconductors for servers, storage systems, and networking equipment. The rising demand for data centers has consequently fueled the demand for semiconductors.

Many governments worldwide including the EU and US with their e-Chip act recognize the strategic importance of the semiconductor industry and are actively supporting its growth. Governments are investing in research and development, providing incentives to semiconductor companies, and promoting domestic semiconductor manufacturing. These initiatives have created a favorable environment for semiconductor companies, attracting investor interest.

Advertisement
Stake.com

As per our recent Extraordinary General Meeting, WISeKey International Holding (WIHN) has approved a special dividend-in-kind to be paid to all of its shareholders in the form of shares in its subsidiary, SEALSQ Corp., a company that will (subject to certain approvals) be listed on the Nasdaq.  In order to ensure that no withholding tax is levied on the distribution, shareholders are required to complete a Tax declaration that confirms they are not US citizens and therefore can receive the dividend free of withholding tax.  We would therefore ask that you proceed with the process.  You can find more information on the following website regarding the Spin-off at https://www.wisekey.com/company/investors/.

As previously announced, SEALSQ Ordinary Shares are currently expected to begin trading on a “when-issued” basis on the Nasdaq from market open on May 19, 2023, and continue up to and including May 23, 2023 under the ticker “LAESV.” Trades in the “when-issued” market are expected to settle on May 26, 2023. SEALSQ Ordinary Shares are expected to commence “regular-way” trading on May 24, 2023 under the ticker symbol “LAES”. Trades in the “regular-way” market are expected to settle within the standard settlement cycle, which is the second business day after the trade.

About SEALSQ
SEALSQ is a wholly owned subsidiary of the WISeKey Group that focuses on developing and selling Semiconductors, PKI and Post-Quantum technology hardware and software products. Our Post-Quantum solutions include Post-Quantum microchips and devices that can be used in a variety of applications, from Multi-Factor Authentication devices, Home Automation, and IT Network Infrastructure, to Automotive, Industrial Automation and Control Systems.

Post-Quantum Cryptography (PQC) refers to cryptographic methods that are secure against an attack by a quantum computer. As quantum computers become more powerful, they may be able to break many of the cryptographic methods that are currently used to protect sensitive information, such as RSA and Elliptic Curve Cryptography (ECC). PQC aims to develop new cryptographic methods that are secure against quantum attacks. For more information please visit www.sealsq.com.

About WISeKey
WISeKey (NASDAQ: WKEY; SIX Swiss Exchange: WIHN) is a leading global cybersecurity company currently deploying large scale digital identity ecosystems for people and objects using Blockchain, AI and IoT respecting the Human as the Fulcrum of the Internet. WISeKey microprocessors secure the pervasive computing shaping today’s Internet of Everything. WISeKey IoT has an install base of over 1.5 billion microchips in virtually all IoT sectors (connected cars, smart cities, drones, agricultural sensors, anti-counterfeiting, smart lighting, servers, computers, mobile phones, crypto tokens etc.).  WISeKey is uniquely positioned to be at the edge of IoT as our semiconductors produce a huge amount of Big Data that, when analyzed with Artificial Intelligence (AI), can help industrial applications to predict the failure of their equipment before it happens.

Advertisement
Stake.com

Our technology is Trusted by the OISTE/WISeKey’s Swiss based cryptographic Root of Trust (“RoT”) provides secure authentication and identification, in both physical and virtual environments, for the Internet of Things, Blockchain and Artificial Intelligence. The WISeKey RoT serves as a common trust anchor to ensure the integrity of online transactions among objects and between objects and people. For more information, visit www.wisekey.com.

Forward-Looking Statements

This communication expressly or implicitly contains certain forward-looking statements concerning WISeKey International Holding Ltd, SEALSQ Corp and their respective businesses. Forward-looking statements include statements regarding our business strategy, financial performance, results of operations, market data, events or developments that we expect or anticipates will occur in the future, as well as any other statements which are not historical facts. Although we believe that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates which are inherently subject to significant uncertainties and contingencies, many of which are beyond our control. Actual results may differ materially from those expressed or implied by such forward-looking statements. Important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include the expected benefits and costs of the intended spin-off transaction, the expected timing of the completion of the spin-off transaction and the transaction terms, SEALSQ’s ability to implement its growth strategies, SEALSQ’s ability to continue beneficial transactions with material parties, including a limited number of significant customers; market demand and semiconductor industry conditions; the approval of SEALSQ’s listing of its Ordinary Shares on NASDAQ and the risks discussed in WISeKey’s and SEALSQ’s filings with the SEC. Risks and uncertainties are further described in reports filed by WISeKey and SEALSQ with the SEC.

SEALSQ Corp is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.

SEALSQ Corp.
Company Contact:  Carlos Moreira
Chairman & CEO
Tel: +41 22 594 3000
[email protected]
WISeKey & SEALSQ Investor Relations (US)
Contact:  Lena Cati
The Equity Group Inc.
Tel: +1 212 836-9611
[email protected]

Press and investor contacts:
This press release, or referenced documents, do not constitute an offer to sell, or a solicitation of an offer to buy, any securities, and do not constitute an offering prospectus within the meaning of the Swiss Financial Services Act of June 15, 2018, as amended (“FinSA”) or advertising within the meaning of the FinSA. Investors must rely on their own evaluation of WISeKey and their subsidiaries, including SEALQ and their securities, including the merits and risks involved. Nothing contained herein is, or shall be relied on as, a promise or representation as to the future performance of WISeKey or its subsidiaries, including SEALQ.

Advertisement
Stake.com

The registration statement referred to above, including the prospectus contained therein, constitutes a foreign prospectus within the meaning of article 54 paras. 2 and 3 of the FinSA and article 70 paras. 2-4 of the Swiss Financial Services Ordinance of November 6, 2019, as amended.

GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Artificial Intelligence

Consumer Data Platform Market to reach USD 56.22 Bn dominated by Predictive Analysis Segment, Says Stellar Market Research.

Published

on

consumer-data-platform-market-to-reach-usd-5622-bn-dominated-by-predictive-analysis-segment,-says-stellar-market-research.

PUNE, India, July 16, 2024 /PRNewswire/ — Stellar Market Research, a global IT & Telecommunication Market research firm has published a competitive intelligence and market research report on the “Consumer Data Platform Market”. The Consumer Data Platform Market size was valued at USD 8.05 Bn in 2023 and the total Consumer Data Platform revenue is expected to grow at a CAGR of 32 percent from 2024 to 2030, reaching nearly USD 56.22 Bn by 2030.

The Customer Data Platform (CDP) market is experiencing significant growth due to the increasing demand for customer intelligence and omnichannel experiences. CDPs enable businesses to manage data volume and complexity from various customer channels, ensuring data unification and identity resolution. CDPs are essential for advertising and marketing strategies, offering personalized experiences while adhering to data protection regulations.
The report on the Consumer Data Platform Market involves a comprehensive analysis of market structure, competition, and growth drivers. The market size is methodically estimated using a bottom-up approach to understand growth patterns. Key insights typically cover major drivers at global levels, challenges for future growth, and opportunities arising from technological advancements. Regional analyses provide information on market leaders, penetration rates, and geographical factors influencing the industry. The qualitative and quantitative analyses are employed using tools like SWOT, PESTLE, and Porter’s Five Forces to guide investment and marketing decisions.
Market Size in 2023
USD 8.05 Bn.
Market Size in 2030
USD 56.22 Bn.
CAGR
32 percent (2024-2030)
Forecast Period
2024-2030
Base Year
2023
Number of Pages
278
No. of Tables
118
No. of Charts and Figures
110
Segment Covered
Component, Application, and Vertical
Regional Scope
North America, Europe, Asia Pacific, Middle East and Africa, South America
Report Coverage
Market Share, Size & Forecast by Revenue | 2024−2030, 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.
Get your Sample PDF:https://www.stellarmr.com/report/req_sample/Customer-Data-Platform-Market/292 
What’s New: Recent Additions and Updates
An in-depth analysis of competitive developments in the market, such as mergers and acquisitions, product developments, partnerships, and collaborations.An in-depth analysis of ROI and cost-effectiveness for various types of CDP implementations across different industries and company sizes.Analysis of regulatory impacts on CDP adoption and usage, focusing on data privacy laws like GDPR, CCPA, and emerging global standards.Key Player Offerings
Tealium collaborates with Snowflake’s Snowpipe Streaming API, combining top-tier customer data collection and activation capabilities. It leverages Snowflake’s power to streamline how businesses get real-time customer behavior data into the Snowflake Data Cloud. This allows for faster analytics, AI applications, and a complete view of the customer to improve customer service and engagement.Nissan Motor Co Ltd. Japan has selected Treasure Data’s enterprise customer data platform (CDP) to enhance its customer experience strategy. The automaker aims to unify data and improve brand communication across all touchpoints. Treasure Data’s CDP will help Nissan achieve a 360-degree customer view, strengthen data governance, and integrate various platforms.First-Party Data Reshaping the Consumer Data Platform Market
Growing privacy concerns and regulatory measures are driving a major shift in the consumer data platform (CDP) market toward first-party data management. First-party data, or information acquired directly from consumers via their contacts with the business, is the emphasis of companies these days. When compared to third-party data, this data is more accurate, dependable, and privacy-compliant. According to SMR, first-party data is crucial since 80% of marketers think it offers the best return on investment (ROI). Leading companies in the CDP space, like Adobe, are taking advantage of this change by incorporating cutting-edge technology into their systems. For instance, Adobe’s Real-Time CDP uses machine learning and AI algorithms to evaluate first-party data and provide real-time insights and customization. This strategy increases customer satisfaction and boosts revenue. Businesses utilizing Adobe’s Real-Time CDP claim a 15% rise in customer satisfaction and a 25% improvement in marketing efficiency. Companies that centralize first-party data and adopt a unified data strategy see a 25% improvement in data accuracy and a 33% decrease in data management expenses. A 360-degree perspective of the consumer is made possible by centralization, which enables companies to send out marketing messages that are more accurate and timely. First-party data methods are expected to become more popular as companies prioritize data protection and customization, creating new opportunities for development and competitive advantage.
Request for a Sample Report:https://www.stellarmr.com/report/req_sample/Customer-Data-Platform-Market/292 
North America Leading the Consumer Data Platform Revolution
North America, particularly the United States is home to leading technology firms that drive innovation in in the consumer data platform market. According to SMR, more than 75% of Fortune 500 companies headquartered in North America contribute to a high demand for advanced data management solutions. This need is being driven by organizations’ need to use data for customized marketing, bettering customer experiences, and obtaining a competitive edge. North America is recognized for its strong revenue production from e-commerce and digital marketing, two industries that significantly depend on consumer data. For instance, the amount spent on digital advertising in the United States alone in 2023 was over $200 billion, highlighting the significant need for insights based on data. The United States exports software services worth about $50 billion a year, making the North American import and export of technology and software services important. Adoption rates and market trust are further supported by North America’s stringent legal frameworks, which include the California Consumer Privacy Act (CCPA) and the General Data Protection Regulation (GDPR). These frameworks ensure high standards in data management and protection. The region continues to grow the boundaries of technical innovation and data-driven business strategies, maintaining its position as the top-selling market for consumer data solutions.
Consumer Data Platform Market Segmentation
By Component
PlatformServicesBy Application
Personalized RecommendationsPredictive AnalyticsMarketing Data SegmentationCustomer Retention and EngagementSecurity ManagementOthersBy Vertical
BFSIRetail and eCommerceMedia and EntertainmentTravel and HospitalityTelecom and ITHealthcareOthersConsumer Data Platform Market Key Competitors include
Informatica LLCIBM CorporationOracle CorporationSAP SEStibo Systems A/SRiversand Technologies, Inc.OthersInquire Before Buying:https://www.stellarmr.com/report/enquire_now/Customer-Data-Platform-Market/292 
Key questions answered in the Consumer Data Platform Market are:
What is a Consumer Data Platform?What is the current growth rate of the Consumer Data Platform Market?Who are the key players in the Consumer Data Platform Market?What are the strategies used by competitors in the Consumer Data Platform Market?What are the growth prospects in developing countries for the Consumer Data Platform Market?Which segment is expected to witness the fastest growth and why in the Consumer Data Platform Market in 2023?What are the factors affecting growth in the Consumer Data Platform Market?Who held the largest market share in the Consumer Data Platform Market?What is the demand pattern for the Consumer Data Platform Market?What are the opportunities for the Consumer Data Platform Market?Key Offerings:
Past Market Size and Competitive Landscape (2018 to 2022)Past Pricing and price curve by region (2018 to 2022)Market Size, Share, Size & Forecast by Different Segment | 2024−2030Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by RegionMarket Segmentation – A detailed analysis by Component, Application, Vertical, and RegionCompetitive Landscape – Profiles of selected key players by region in a strategic perspectiveCompetitive landscape – Market Leaders, Market Followers, Regional playerCompetitive benchmarking of key players by regionPESTLE AnalysisPORTER’s analysisValue chain and supply chain analysisLegal Aspects of business by regionLucrative business opportunities with SWOT analysisRecommendationsStellar Market Research a leading IT & Telecommunication research firm, has also published the following reports:
Web Scraper Software Market: The market size was valued at US $ 785.68 Million in 2023 and the total Market revenue is expected to grow at 13 % from 2024 to 2030, reaching nearly US $ 1848.41 Million.
Data Center Virtualization market: The market was valued at USD 9.98 Billion. In 2023 the total revenue is expected to grow at a CAGR of 17.5% through 2024-2030, reaching nearly USD 30.88 Billion.
Europe Big Data Market: The market size was valued at US$ 86.20 Bn. in 2023 and the total revenue is expected to grow at 7.8% through 2024 to 2030, reaching nearly US$ 145.84 Bn. by 2030.
Data Integration Market: The market size was valued at US$ 13.12 Bn in 2023. The Global Data Integration Market is estimated to grow at a CAGR of 11.23% over the forecast period.
Master Data Management Market: The market was valued at USD 21.76 billion in 2023. Global Master Data Management Market size is estimated to grow at a CAGR of 15.9 % over the forecast period.
About Stellar Market Research:
Stellar Market Research is a multifaceted market research and consulting company with professionals from several industries. Some 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.
Contact Stellar Market Research:
S.no.8, h.no. 4-8 Pl.7/4,
Pinnac Memories Fl. No. 3,
Pune, Maharashtra, 411029
[email protected]
+91 9607365656
Follow us:
Linkedin | Twitter | Facebook | Instagram |
Logo – https://mma.prnewswire.com/media/2458342/Stellar_Market_Research_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/consumer-data-platform-market-to-reach-usd-56-22-bn-dominated-by-predictive-analysis-segment-says-stellar-market-research-302198135.html

Continue Reading

Artificial Intelligence

Access Control Market to Be Worth $19.6 Billion by 2031 – Exclusive Report by Meticulous Research®

Published

on

access-control-market-to-be-worth-$19.6-billion-by-2031-–-exclusive-report-by-meticulous-research

REDDING, Calif., July 16, 2024 /PRNewswire/ — According to a new market research report titled, ‘Access Control Market by Offering (Hardware {Biometric Devices, Electronic Locks, Other}, Software {Cloud, On-premise}, Services), End User (Residential, Commercial {Retail, IT & Telecom, Other}, Industrial), and Geography – Global Forecast to 2031,’ the access control market is projected to reach $19.6 billion by 2031, at a CAGR of 10.6% from 2024 to 2031.

Download Sample Report Now- https://www.meticulousresearch.com/download-sample-report/cp_id=5097 
The growth of the access control market is driven by the rising demand for advanced access control devices, growing safety & security concerns related to unauthorized access, and the increasing number of smart home projects around the world. However, the high initial costs of deployment limit the adoption of access control systems, restraining the growth of this market.
Furthermore, organizations’ increasing preference for cloud-based access control systems and the growing use of wireless access controls are expected to generate growth opportunities for the stakeholders in the access control market. However, low awareness regarding advanced security solutions in developing countries and data security & privacy issues are major challenges in the access control market.
Additionally, the increasing adoption of Access Control as a Service (ACaaS), the growing utilization of smartphones for access control, and the increasing use of contactless biometric access control devices are prominent trends in the access control market.
Get a Glimpse Inside: Request Sample Pages- https://www.meticulousresearch.com/request-sample-report/cp_id=5097 
The access control market is segmented by offering (hardware {biometric devices [fingerprint recognition, face recognition, iris recognition, and voice recognition], cards [smart cards, proximity cards, and card readers], electronic locks & doors, controllers, hybrid devices}, software {cloud-based, on-premise}, and services {consulting services, deployment & integration services, and maintenance & support services}), end user (residential, commercial {retail, BFSI, IT & telecom, hospitality, education, government, healthcare, and transportation & logistics}, and industrial {pharmaceutical, military & defense, aerospace, manufacturing, mining & construction, energy & utilities, and other industrial end users}), and geography. The study also evaluates industry competitors and analyzes the market at the regional and country levels.
Based on offering, the access control market is segmented into hardware, software, and services. In 2024, the hardware segment is expected to account for the largest share of over 56.0% of the access control market. The hardware segment comprises biometric devices, cards, electronic locks & doors, controllers, and hybrid devices. The large market share of this segment is attributed to the growing adoption of access control systems for safeguarding offices, government buildings, airports, hospitals, and military facilities, growing urbanization, and the increasing number of smart homes & apartments.
In addition, the increasing deployment of access control systems for more comprehensive and efficient security is expected to drive the growth of this segment. For instance, in February 2023, San Diego International Airport deployed Identiv’s comprehensive, end-to-end access control ecosystem, including Hirsch Velocity Software and its Velocity Vision Video Management System (VMS), under a single Graphical User Interface (GUI).
Based on end user, the access control market is broadly segmented into residential, commercial, and industrial end users. In 2024, the commercial segment is expected to account for the largest share of over 52.0% of the access control market. The large market share of this segment is attributed to the increasing implementation of access control systems across government facilities, the growing use of smart cards in the hospitality sector, and the increased adoption of enterprise-level access control solutions.
Have Specific Research Needs? Request a Customized Report- https://www.meticulousresearch.com/request-customization/cp_id=5097 
In addition, the increasing deployment of access control systems for office spaces to bolster the security of entrances supports the growth of this segment. In August 2023, HID Global Corporation (U.S.), the global leader in trusted identity solutions, partnered with Ghelamco Group (Belgium), an international real estate investor and developer, to standardize HID’s mobile and physical access control solutions across its prestigious projects in Warsaw, Poland.
Based on geography, the access control market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, Asia-Pacific is expected to account for the largest share of over 44.0% of the access control market. APAC’s large market share is attributed to the region’s rapidly developing economies, consistent technological advancements in access control solutions, increased use of access control systems at airports and railway stations, and the increasing deployment of access control systems across government agencies for tracking employee attendance.
For instance, in March 2022, IDEMIA (France), the global leader in Identity technologies, announced plans to provide biometric solutions to Singapore’s Changi Airport Terminals 1 and 2 (T1 and T2) to elevate the passenger experience, particularly in the immigration process.
Key Players:
The key players operating in the access control market are Johnson Controls International plc (Ireland), Honeywell International Inc. (U.S.), Identiv, Inc. (U.S.), Suprema Inc. (South Korea), Bosch Sicherheitssysteme GmbH (Germany), Genetec Inc. (Canada), NEC Corporation (Japan), Assa Abloy (Sweden), dormakaba International Holding AG (Switzerland), Allegion plc (Ireland), Nedap N.V. (Netherlands), Thales (France), IDEMIA (France), Axis Communications AB (Sweden), Anviz Global Inc. (U.S.) and Dahua Technology Co., Ltd (China).
Browse In-depth Report Now- https://www.meticulousresearch.com/product/access-control-market-5097 
Scope of the Report:
Access Control Market Assessment—by Offering
HardwareBiometric DevicesFingerprint RecognitionFace RecognitionIris RecognitionVoice RecognitionCardsSmart CardsProximity CardsCard ReadersElectronic Locks & DoorsControllersHybrid DevicesSoftwareCloud-basedOn-premiseServicesConsulting ServicesDeployment & Integration ServicesMaintenance & Support ServicesAccess Control Market Assessment—by End User
ResidentialCommercialRetailBFSIIT & TelecomHospitalityEducationGovernmentHealthcareTransportation & LogisticsIndustrialPharmaceuticalMilitary & DefenseAerospaceManufacturingMining & ConstructionEnergy & UtilitiesOther Industrial End UsersAccess Control Market Assessment—by Geography
North AmericaU.S.CanadaEuropeGermanyU.K.FranceItalySpainSwitzerlandSwedenDenmarkNorwayRest of EuropeAsia-PacificChinaJapanIndiaSouth KoreaAustraliaIndonesiaMalaysiaTaiwanRest of Asia-PacificLatin AmericaBrazilMexicoArgentinaRest of Latin AmericaMiddle East & AfricaUAEIsraelRest of Middle East & AfricaUnlock Opportunities: Buy Now- https://www.meticulousresearch.com/Checkout/81884359 
Related Reports:
Building Automation Market – Global Opportunity Analysis and Industry Forecast (2024-2031)
Smart Locks Market – Global Opportunity Analysis and Industry Forecast (2022-2029)
NFC Market – Global Opportunity Analysis and Industry Forecast (2023-2030)
Digital Identity Management Solutions Market – Global Opportunity Analysis and Industry Forecast (2023-2030)
About Meticulous Research®
Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.
Contact:Mr. Khushal BombeMeticulous Market Research Inc.1267 Willis St, Ste 200 Redding,California, 96001, U.S.USA: +1-646-781-8004Europe: +44-203-868-8738APAC: +91 744-7780008Email- [email protected] Visit Our Website: https://www.meticulousresearch.com/ Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research Content Source: https://www.meticulousresearch.com/pressrelease/51/access-control-market-2031 
Logo: https://mma.prnewswire.com/media/1757980/Meticulous_Research_Logo_1.jpg
 

View original content:https://www.prnewswire.co.uk/news-releases/access-control-market-to-be-worth-19-6-billion-by-2031—exclusive-report-by-meticulous-research-302198015.html

Continue Reading

Artificial Intelligence

Threat Hunting Market worth $6.9 billion by 2029- Exclusive Report by MarketsandMarkets™

Published

on

threat-hunting-market-worth-$6.9-billion-by-2029-exclusive-report-by-marketsandmarkets™

CHICAGO, July 16, 2024 /PRNewswire/ — The Threat Hunting Market is set to grow significantly. It’s expected to be worth around USD 3.4 billion in 2024 and increase to about USD 6.9 billion by 2029 at a CAGR of 14.9% during the forecast period, according to a new report by MarketsandMarkets™. The threat-hunting market is experiencing explosive growth as organizations struggle to combat a relentless wave of cyberattacks. Unlike traditional security measures that passively wait for threats to appear, threat hunting takes a proactive stance, actively searching for hidden threats lurking within networks. Several factors fuel this proactive approach. The increasing need to protect sensitive data, from financial records to intellectual property, compels organizations to adopt more robust security solutions. Also, the growing awareness of cyber risks across industries drives demand for proactive security solutions. By actively hunting for threats, organizations gain a critical advantage: identifying and neutralizing threats before they can wreak havoc, potentially saving millions of dollars, and safeguarding sensitive data.

Browse in-depth TOC on “Threat Hunting Market”
270 – Tables 50 – Figures350 – Pages
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=264230029
Scope of the Report
Report Metrics
Details
Market size available for years
2018–2029
Base year considered
2023
Forecast period
2024–2029
Forecast units
Value (USD Billion)
Segments Covered
By Offering, By Threat Type, By Organization Size, By Deployment mode, By Vertical, and By Region
Geographies covered
North America, Europe, Asia Pacific, Middle East Africa, and Latin America
Major companies covered
Major vendors in the global Threat Hunting Market include IBM (US), Kaspersky (Russia), Capgemini (France), CrowdStrike (US), Trustwave (US), Verizon (US), SecureWorks (US), Sangfor (China), Eviden (France), Rapid 7(US), VMware (US), Solidworks (US), Trend Micro (Japan), Cynet (US), Palo Alto Networks (US) Cipher (India), Talatek (US), SOC Prime (US), RSI Security (US), Protected Harbour (US), Mindpoint Group (US), Exponential- E (UK), Redscan (UK), Iron Net Cybersecurity (US), LiveAction (US).
By Offering, the services segment will grow at the highest CAGR during the forecast period.
The global shortage of cybersecurity professionals is a significant challenge for organizations looking to build robust security postures. This shortage is particularly acute in threat hunting, which requires highly skilled individuals with a deep understanding of cyber threats, investigative techniques, and security tools. Threat-hunting services offer a compelling solution by providing access to experienced professionals, reducing internal workload, and offering a faster path to improved threat detection and response capabilities.
Request Sample Pages@ https://www.marketsandmarkets.com/requestsampleNew.asp?id=264230029
By organization size, the large enterprise segment to hold a significant market share during the forecast period.
Large enterprises often deal with sensitive data (financial records, intellectual property, customer information) and critical infrastructure. A successful cyberattack can have devastating economic and reputational consequences, making proactive threat detection a top priority. Also, Large enterprises typically have sprawling IT environments encompassing on-premise infrastructure, cloud deployments, and a vast network of devices. This complexity creates numerous potential entry points for attackers, necessitating a proactive approach to uncover hidden threats. The high stakes, complex environments, compliance pressures, and advanced threats large enterprises face will drive the segment.
By region, Asia Pacific will grow at the highest CAGR during the forecast period.
The Asia Pacific region is undergoing significant growth in its threat-hunting market, driven by several key factors. The region faces a rising tide of cyberattacks, including malware, ransomware phishing attempts, data breaches, and advanced persistent threats (APTs). These attacks target businesses, governments, critical infrastructure, and individuals, forcing them to invest in proactive defense measures like threat hunting. The Asia Pacific region is undergoing a rapid digital transformation. This increased reliance on technology creates a larger attack surface for cybercriminals. As per the Fortinet Survey on the State of Security Operations in Asia-Pacific, Phishing and Insider threats are India’s most predominant cyber threats, with Approximately 50% of organizations ranking them as their top concerns. Also, only 44% of businesses have dedicated IT resources for security teams.
Inquire Before Buying@ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=264230029
Top Key Companies in Threat Hunting Market:
Major vendors in the global Threat Hunting Market include IBM(US), Kaspersky (Russia), Capgemini (France), CrowdStrike(US), Trustwave(US), Verizon (US), SecureWorks(US), Sangfor (China), Eviden (France), Rapid 7(US), VMware (US), Solidworks (US), Trend Micro (Japan), Cynet (US), Palo Alto Networks (US) Cipher (India), Talatek (US), SOC Prime (US), RSI Security (US), Protected Harbour (US), Mindpoint Group (US), Exponential- E (UK), Redscan (UK), Iron Net Cybersecurity (US), LiveAction (US).
Browse Adjacent Market: Information Security Market Research Reports & Consulting
Browse Other Reports:
Penetration Testing as a Service Market- Global Forecast to 2029
Identity Security Posture Management (ISPM) Market – Global Forecast to 2029
eGRC Market- Global Forecast to 2029
Managed Security Services Market- Global Forecast to 2028
Privileged Access Management Market- Global Forecast to 2028
Get access to the latest updates on Threat Hunting Companies and Threat Hunting Industry
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. Rohan SalgarkarMarketsandMarkets™ INC. 630 Dundee RoadSuite 430Northbrook, IL 60062USA: +1-888-600-6441Email: [email protected] Our Website: https://www.marketsandmarkets.com/
Logo: https://mma.prnewswire.com/media/1951202/4609423/MarketsandMarkets.jpg
 

View original content:https://www.prnewswire.co.uk/news-releases/threat-hunting-market-worth-6-9-billion-by-2029–exclusive-report-by-marketsandmarkets-302197838.html

Continue Reading

Trending