Artificial Intelligence
Cyber Security Market worth $266.2 billion, growing at a CAGR of 8.9%: Report by MarketsandMarkets™
Chicago, June 15, 2023 (GLOBE NEWSWIRE) — The global Cyber Security Market size is expected to grow from an estimated value of USD 173.5 billion in 2022 to USD 266.2 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 8.9% from 2022 to 2027, according to a new report by MarketsandMarkets™. Growing adoption of IoT security solutions, adoption of cloud-based cyber security solutions, and increased BYOD trends are some factors which are driving the cyber security market growth.
Browse in-depth TOC on “Cyber Security Market”
562 – Tables
58 – Figures
494 – Pages
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Scope of the Report
| Report Metrics | Details |
| Market size value in 2022 | US $173.5 billion |
| Market size value in 2027 | US $266.2 billion |
| Growth Rate | 8.9% CAGR |
| Largest Market | North America |
| Market Segments Covered | Components, software, services, security type, deployment mode, organization size, vertical, and region |
| Cyber Security Market Drivers |
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| Cyber Security Market Opportunities |
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| Companies in the global cyber security market | IBM (US), Cisco (US), Check Point (Israel), Trellix (US), Trend Micro (Japan), NortonLifeLock (US), Rapid7 (US), Micro Focus (UK), Microsoft (US), Amazon Web Services (AWS) (US), Oracle (US) and many more. |
Trend: AI and ML in cyber security
Artificial intelligence (AI) and machine learning (ML) have become indispensable technologies for addressing the complexity and volume of cyber security threats that are constantly increasing. Machines are better than people and traditional software in identifying patterns that indicate malicious software and odd behaviour. By recognizing particular trends and cycles, the system can also anticipate possible attacks and react to threats automatically. In fact, it frequently happens that two occurrences are identical and call for the same course of action. The system can identify the attack, report, and categorize the event, and then implement the patch automatically rather than having to repeat the process, which is occasionally done manually.
Even better, security technologies like behavioural analytics, which are crucial for identifying adversarial and zero-day threats, may identify attacks only by spotting unusual behaviour. In the ongoing struggle between attackers and defenders for technological and tactical advantage in cybersecurity, AI and ML have come into play. A cyber security expert must maintain continuous vigilance, continue to study, and have access to cutting-edge equipment that can handle threats that are always evolving.
Trend: IoT in cyber security
The Internet of Things (IoT) aims for seamless connectivity where gadgets continually change how we work and live. All electronic gadgets come equipped with Internet-connected sensors that gather information about their surroundings and interact with one another. This status is communicated to data storage where information is kept in the form of text, videos, or photographs, which are then analysed by analytical engines to draw various conclusions. The components of analytical engines are both human and machine learning.
Cloud security is a very significant issue to be concerned about since hackers will find vulnerabilities. Because hackers would use software flaws for their own gain, cloud protection is a very significant subject of worry. As more and more gadgets are being connected to the internet every day, there will be a significant demand for web developers and cyber professionals who can manage such serious risks. Device security, data security, and the preservation of individual privacy are issues with cybersecurity.
Opportunity: Increased BYOD trends led the endpoint security segment in cyber security market to grow further in mobile protection
Threat management has become more challenging for internal IT personnel due to the development of technologies in these endpoint security categories, technical breakthroughs, and system changes. Numerous organizations face difficulties as a result of dynamic regulatory compliances and technology advancements. Cybercrimes are brought on by interconnected platforms and endpoints that rely on modern technology and reveal security system flaws. For instance, the increasing usage of social media apps and the BYOD idea to share information internally across enterprises have created hitherto unexplored opportunities for online cyber dangers and attacks.
Digital apps frequently include flaws with a number of vulnerabilities that can let attacks through and lead to the loss of user data. From integration and deployment to being live, the apps need to undergo appropriate testing at each stage. Business security infrastructures are supported by application security solutions and services. With the growing acceptance of digital applications across sectors, the popularity of these solutions and services is rising. In light of the Covid-19 issue, cyber security solutions are becoming more and more popular, and this trend is anticipated to continue during the forecasted period.
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Top Trends in Cyber Security Market
- The creation of engaging learning environments with the help of the metaverse might provide students new opportunities to interact with course material. Students may experience virtual environments, historical locations, and scientific simulations using augmented reality (AR) and virtual reality (VR) technology, which helps them better learn and remember difficult ideas.
- Students and professors from all around the world may come together in virtual classrooms thanks to the metaverse. These virtual settings can include tools that encourage contact and cooperation between students and teachers, such shared whiteboards, 3D models, and collaborative activities.
- The metaverse can provide students with individualised learning opportunities that are catered to their needs and tastes. Algorithms for adaptive learning can monitor student development and offer pertinent comments and resources. With this personalization, students may study at their own speed and in ways that work for them.
- The metaverse has the ability to eliminate geographic restrictions and provide people who would not have access to traditional educational options access to education. Students from rural or underserved places can access educational materials and take part in virtual classes, increasing their learning chances.
- Gamification methods may be included into the metaverse to improve learning enjoyment. Teachers may inspire students and design an immersive learning experience that promotes active involvement and information retention by including game features like prizes, challenges, and leaderboards.
- Students can investigate real-world locales, historical events, or scientific phenomena through simulations and virtual field trips available in the metaverse. In order to increase student involvement and knowledge, this experiential learning strategy might offer practical experiences that would otherwise be difficult or impossible to acquire.
Key Industry Development
- Virtual reality (VR), augmented reality (AR), and mixed reality (MR) are some of the immersive technologies that the education sector has been experimenting with in the metaverse. The ability to explore virtual settings, carry out experiments, and interact with virtual items made possible by these technologies may give students interactive and interesting learning experiences.
- Perhaps specialised education-focused metaverse systems or frameworks with features and functions designed for teachers and students have evolved. These platforms may offer resources for collaborative content production, evaluation, and immersive learning experiences.
- There’s a chance that programmers and content producers have begun to produce learning materials and metaverse-friendly applications. These could include interactive experiences, simulations, educational games, and virtual classes created to improve learning outcomes and participation in the metaverse.
- It’s possible that learning management systems, which are commonly used in educational settings, have begun merging with the metaverse. Through this connection, instructors may be able to manage and provide instructional content based on the metaverse, monitor student progress, and offer evaluations all inside the framework of their current LMS.
- The metaverse may have developed to provide instructors and students greater possibilities for customization and personalisation. This could involve individualised learning routes, adaptive learning algorithms, and the capacity to modify educational experiences to particular student requirements, preferences, and learning styles.
- Global collaboration and connectivity in education might be facilitated by the metaverse. Breaking down geographic boundaries, educators and students from various regions of the world might collaborate virtually on projects, share information, and have cross-cultural learning experiences.
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Artificial Intelligence
TeraBox Celebrates 2nd Anniversary of Its Massively Popular Referral Program
Continuously expanding webmaster signups, especially in multiple regions, along with new highs in webmaster payouts, has ensured the smooth operation and continuous development of the project.
TOKYO, Sept. 21, 2024 /PRNewswire/ — TeraBox (“TeraBox” or “the Company”), a globally trusted cloud storage service headquartered in Tokyo, recently celebrated the second anniversary of its hugely popular Referral Program, a testament to the smooth operation and continuous development of the project. The number of webmaster signups, including in multiple new regions, continued to increase steadily with webmaster payouts reaching new highs.
TeraBox reveals some of its impressive Referral Program data.
TeraBox’s total number of webmasters worldwide reached over one million.The highest daily income of webmasters reached over $10,000, with the top earner making nearly $180,000.The total number of shares by all webmasters exceeds 500 million.The network of webmasters spans across the globe, including countries such as India, Indonesia, the United States, Latin America, Middle East, and South Korea. Moreover, as TeraBox’s influence continues to grow, the platform is excited to welcome many new webmasters from an expanding range of countries and regions.
TeraBox has achieved significant milestones, demonstrating its sustainable growth and increasing user impact. The journey started with the Webmaster Center launch in August 2022. Following this, several optimizations were implemented, including a self-withdrawal feature that simplified earnings management for webmasters and increased their engagement. Additionally, the Growth Analysis tool provided webmasters with valuable insights into their operational performance, enabling more effective decision-making.
As a result of these enhancements, both the number of participating webmasters and their earnings have seen remarkable increases. Looking ahead, the upcoming launch of the Webmaster App in September 2024 is set to further elevate user engagement and convenience, solidifying TeraBox’s position as an industry leader.
About TeraBox
TeraBox, developed by Flextech Inc. in Japan, is a leading global cloud storage solution. Headquartered in Tokyo, TeraBox proudly serves over 320 million users globally, providing an easy yet powerful way to store and manage data. With its generous 1TB of free storage, TeraBox ensures that your files are safe, secure, and accessible from anywhere. As a secure, reliable, and convenient service, TeraBox is certified with ISO 27001, ISO 27701, and ISO 27018, offering individual users around the world the opportunity to register for 1TB (1024GB) of free storage.
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SHANGHAI, Sept. 20, 2024 /PRNewswire/ — During HUAWEI CONNECT 2024, Huawei Cloud hosted a Summit themed “One Step to Intelligence, One Leap to Excellence”, gathering global industry leaders to explore the intelligent transformation trend, share pioneering cases, and assist customers in their journey to cloud-based operational excellence. At the summit, Huawei Cloud and global customers, unveiled the Data Center-to-Cloud solution and the PRIME Framework white paper.
Jacqueline Shi, President of Huawei Cloud Global Marketing and Sales Service, said: “Customers’ support enables us to innovate with finance, retail, autonomous driving, the Internet and many other sectors. By combining cutting-edge technologies with industry know-how, Huawei Cloud paves your way to digital and intelligence.”
Kevin Gao, President of Huawei Cloud Public Cloud Business, presented a keynote speech “One Step to Intelligence, One Leap to Excellence”. He outlined three critical factors for accelerating cloud migration and AI use: global infrastructure, continuous technological innovation, and lean operations.
In terms of global infrastructure, Huawei Cloud’s global infrastructure, KooVerse, offers extensive coverage, exceptional experience, and excellent quality. With 33 Regions and 93 Availability Zones (AZs) worldwide, Huawei Cloud supports over 10,000 customers in achieving business globalization. Huawei Cloud has interconnected with over 2,400 peers of global carriers, ensuring one hop to cloud and global business deployment for customers. Huawei Cloud data centers achieve Tier IV reliability.
Technological innovation is at the heart of Huawei Cloud’s mission to accelerate enterprise transformation. At this summit, three key areas were highlighted: compute upgrade, data-AI convergence, and application innovation.
The Data Center-to-Cloud solution released by Gao offers data center facilities, intelligent O&M, and DCN as a service, allowing customers to easily relocate and run dedicated compute resources on Huawei Cloud.
Huawei Cloud’s Ascend AI Cloud Service enables training jobs to run non-stop up to 40 days, shortens the fault recovery time to 10 minutes, and increases the linear scalability to 90% (the industry average are 2.8 days, 60 minutes, and 80%, respectively).
Huawei Cloud’s deterministic operations system has been adopted by over 300 global customers, maintaining a strong security record with zero intrusions and zero data breaches.
DeFacto from Türkiye leverages Huawei Cloud’s cloud native solution with Cloud Container Engine (CCE) and streamlines their services.
Huawei Cloud helps Chery to deploy, use, and manage the cloud. Currently, Huawei Cloud nodes in more than 10 countries and regions are providing services for Chery.
NavInfo has adopted Huawei Cloud’s R&D expertise and CodeArts software development pipeline to establish efficient development management standards and efficiency measurement systems.
Kingsoft and Huawei Cloud have collaboratively developed an excellence framework to optimize cost management.
Tencent Music’s Tianqin Lab has developed the MUSELight AI model acceleration framework, utilizing Huawei Cloud’s Ascend AI Cloud Service.
At the end of the summit, Huawei Cloud and global customers jointly released the Enterprise Excellence PRIME Model White Paper. This white paper offers a reference framework for enterprises to leap to excellence with digital and intelligent technologies.
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Artificial Intelligence
Autonomous Mobile Robots (AMR) Market to cross $10 Billion TAM with around 500K AMRs shipment by 2030 – LogisticsIQ
NEW DELHI, Sept. 20, 2024 /PRNewswire/ — The global Autonomous Mobile Robots (AMRs) market is poised for significant growth, driven by increasing demand for automation across various sectors, including logistics, manufacturing, and healthcare. According to the latest market research by LogisticsIQ (5th Edition), Autonomous Mobile Robots (AMR) Market to cross $10 Billion TAM by 2030 with a CAGR of ~30% between 2024 and 2030. We expect the installed base of AMRs to reach 2 million units in 2030.
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Key Market Drivers
Increased Efficiency: Businesses are rapidly adopting AMRs to enhance operational efficiency, reduce labour costs, and streamline workflows.Labor Shortages: The ongoing labour shortages in various industries have accelerated the need for automated solutions, making AMRs a crucial investment for companies.Technological Advancements: Innovations in artificial intelligence (AI), machine learning, and sensor technology are making AMRs more capable and reliable.Growing E-Commerce: The rise of e-commerce has created a demand for efficient warehouse management solutions, further boosting the AMR market.Regional Insights
North America leads the AMR market, accounting for the largest share due to the early adoption of automation technologies. Meanwhile, the Asia-Pacific region, especially China is expected to witness the fastest growth, fuelled by rapid industrialization and increasing investments in smart factories. US and China are going to contribute ~40% of this market by 2030.
Industry Applications
Autonomous mobile robots are being utilized in various applications, including:
Warehouse Automation: AMRs enhance inventory management and order fulfillment processes. This industry is expected to lead with more than 75% share by 2030.Manufacturing: Robots facilitate material handling and assembly line operations. Traditionally, it has been dominated by AGVs but are getting replaced by AMRs due to more flexibility and scalability features.Healthcare: AMRs assist in transporting medical supplies, improving patient care and operational efficiency. It is a niche market but high growing area to focus further.Purchase the full report on the Autonomous Mobile Robots Market – Growth, Trends, and Forecast
Top Factors & Challenges in the Autonomous Mobile Robots Market
Top Factors Driving Growth
Increased Demand for Automation: Businesses across industries are increasingly seeking automation to enhance efficiency and reduce operational costs.Technological Advancements: Innovations in AI, machine learning, and sensor technologies improve the capabilities and reliability of AMRs, making them more attractive to businesses.Labor Shortages: Ongoing labour shortages, especially in sectors like logistics and manufacturing, are pushing companies to adopt AMRs to maintain productivity.Growth of E-Commerce: The surge in online shopping requires efficient warehouse and logistics solutions, driving the adoption of AMRs for inventory management and order fulfillment.Improved Safety Standards: AMRs can reduce workplace accidents by taking over hazardous tasks, leading to safer working environments.Customization and Scalability: Many AMR solutions offer customizable features that allow businesses to scale operations according to their specific needs.Top Challenges
High Initial Costs: The upfront investment for AMRs can be substantial, which may deter smaller businesses from adoption.Integration with Existing Systems: Integrating AMRs into current operational workflows and legacy systems can be complex and resource-intensive.Regulatory Compliance: Navigating regulatory requirements and safety standards can pose challenges, especially in highly regulated industries.Limited Awareness and Understanding: Some businesses may lack knowledge about AMR technology and its potential benefits, hindering adoption.Technical Limitations: While technology is advancing, AMRs may still struggle with navigating complex environments or handling unexpected obstacles.Cybersecurity Concerns: As AMRs become more connected, they may be vulnerable to cybersecurity threats, requiring robust security measures.Know more about Autonomous Mobile Robots Market – Top Players, Cost Analysis, Competition, and Customer Expectation
What will you get in this report?
500 Pages and 160+ Exhibits Market ReportRevenue and Shipment data segmented:By form factor (Deck-load, Tugger/Pull, Forklift)By Navigation (Tape/Wire/Magnet, Reflector, QR Codes, LiDAR, Camera, Sensor, Fusion)By Function (Goods to person (G2P), Person to Goods (P2G), Conveying, Piece picking, Towing, Pallet Handling)By Application (Manufacturing, Logistics and Warehousing, Shipping, Delivery, Cleaning, Security, Hospital, Retail)Detailed excel file with 150+ market tables (Revenue and Shipment) including forecast till 2030A bottom-up analysis of Autonomous Mobile Robots Market for 19 countries (United States, Canada, Germany, UK, France, Italy, Spain, Nordics, China, Japan, South Korea, Australia, India, Taiwan, Thailand, Malaysia, Singapore, Indonesia, Phillippines) in 5 regionsIn-depth analysis of 700 companies in the ecosystem with more than 160 company profiles.Focus Group Discussion with 100+ key industry stakeholders across the value chain to collect the first-hand information to validate our analysis. Stakeholders include components and technology providers, system integrators, robot manufacturers (OEM/ODM), robotic software & service providers, and end-user industry verticals. Apart this, study also focuses on different components and integral parts of Autonomous Mobile Robots like Motion Control, Batteries & Chargers, Cameras / Vision Sensor, LiDAR, Sensor Fusion, QR Code and Wireless Communication.2 Analyst Sessions to brainstorm furtherInvestment details excel file with 175+ M&A and ~1000 funding dealsLogisticsIQ™ Exclusive Market Map (700+ Players across more than 15 categories)About LogisticsIQ
LogisticsIQ is a dedicated market research and advisory firm in Logistics & Supply Chain sector, empowering decision makers from top fortune 1000 companies, financial and research institutions, private equity and high potential start-ups with market insights to make better decisions. We enable this by analysing the right mix of the best data, the best research methodologies, and the best industry panel to deliver value to our clients.
Media Contact
Name: Sunny M.Email: [email protected]: +91-952-918-4938
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