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Asia-Pacific Emerges as the Leading Force in the US$ 58.21 Billion Global Smart Beacon Market by 2033 | Future Market Insights, Inc.

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NEWARK, Del, June 26, 2023 (GLOBE NEWSWIRE) — The smart beacon market is projected to reach a value of US$ 6.25 billion in 2023 and is expected to capture a significant CAGR of 25.0% until 2033, reaching US$ 58.21 billion. 

This growth presents opportunities for players in the industry to capitalize on the increasing demand for location-based services, proximity marketing, and indoor navigation. The ongoing technological advancements play a crucial role in transforming global stores and businesses. 

Key Opportunities: 

  • Players can meet the growing demand for personalized experiences by leveraging smart beacon technology to deliver customized content and recommendations based on individual preferences. 
  • There is scope for innovation in beacon technology, focusing on features like extended battery life, improved connectivity, enhanced security, and small form factors. 
  • Players can target emerging markets and regions with rising demand for location-based services, adapting solutions to local market needs and establishing partnerships to facilitate successful market entry. 
  • Addressing security and privacy concerns effectively might give players a competitive edge and attract businesses that prioritize data protection. 

Access a Smart Beacon Industry overview and gain valuable insights from industry experts to assess and formulate effective growth strategies. Click here to download a sample report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-17415

Challenges Faced by Smart Beacon Market, which may Hinder its Growth and Adoption: 

Technological Limitations: Bluetooth Low Energy (BLE) and Wi-Fi, which are used in smart beacons, have limitations in terms of range, accuracy, and signal interference. 

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Implementation Complexities: Deploying smart beacon infrastructure can be complex, especially in large-scale environments, requiring optimal beacon placement, network configuration, and integration with existing systems. 

Cost Considerations: High upfront costs for hardware, software, and maintenance may discourage small and medium-sized businesses from adopting smart beacon technology. 

Key Findings: 

  • The Eddystone Standard is a notable revenue generator in the smart beacon market, with a projected growth rate of 24.9%. The Eddystone Standard’s open-source nature encourages innovation and collaboration, empowering developers to create customized applications and solutions.  
  • In the next ten years, the retail industry shows great potential for smart beacon adoption, with a growth rate of 24.8%. Smart beacons deliver personalized and location-based experiences to customers, improving their shopping experience and increasing the likelihood of purchases. They enable indoor navigation, providing real-time directions and guiding customers to specific sections or products within stores.  
  • The United States is a prominent player in the smart beacon market, with a compound annual growth rate (CAGR) of 23.7%. The United States houses several beacon technology providers, startups, and innovative companies driving advancements in the industry.  
  • The United Kingdom (UK) market holds a significant position in the smart beacon industry, with a projected market size of around US$ 2.4 billion by 2033. The United Kingdom benefits from its tech-savvy population and high smartphone usage, allowing users to easily interact with beacon-triggered notifications and services. 
  • China’s smart beacon market is predicted to expand significantly with a CAGR of 26.2% from 2023 to 2033. The technology finds extensive applications in retail, hospitality, transportation, and other industries in China. Retailers leverage smart beacons to enhance customer experiences, understand consumer behavior, optimize store layouts, and drive sales and loyalty. 

Key Developments: 

  • Infsoft released a new Locator Beacon in November 2022 that blends BLE and UWB. For client and server tracking, the upgraded infsoft Locator Beacon combines Bluetooth Low Energy and Ultra-wideband tracking technology. Large enterprises may achieve several use cases based on the locator infrastructure with the new hardware from the Ingolstadt-based full-service provider. 
  • ZPE Systems launches a smartphone-sized cloud gateway for IoT, OT, and IoMD applications in October 2022. The Nodegrid MiniSR is shown alongside an Environmental Monitoring Sensor, Alert Beacons, and an iPhone for scale. The Mini SR is capable of hosting third-party security software, key tools, and centralized cloud orchestration over wired and wireless connections.

Gain access to exclusive market trends, growth opportunities, and strategic insights by connecting with our research expert who specializes in the field: https://www.futuremarketinsights.com/ask-question/rep-gb-17415

Major Players are:

Hewlett Packard Enterprise (Aruba Networks), HID Global Corporation, Leantegra Inc., Cisco Systems Inc., Kontakt.io Inc., Gimbal Inc., Accent Systems, Sensoro Co. Ltd, Jaalee Technology, and Fujitsu Components Asia Pte Ltd.

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Key Segments Covered in this Report:

By Beacon Standard:

  • iBeacon
  • Eddystone
  • Others

By Connectivity Type:

  • Bluetooth Low Energy – BLE
  • Hybrid

By Offering:

  • Hardware
  • Software
  • Service

By End-Use:

  • Retail
  • Hospitality
  • Transportation & Logistics
  • Healthcare
  • BFSI
  • Others

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific Excluding Japan (APEJ)
  • Japan
  • The Middle East & Africa (MEA)

Table of Content (ToC):

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand-side Trends

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1.3. Supply-side Trends

1.4. Technology Roadmap Analysis

1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

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2.2. Market Definition / Scope / Limitations

3. Market Background

3.1. Market Dynamics

3.2. Scenario Forecast

3.3. Opportunity Map Analysis

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3.4. Investment Feasibility Matrix

3.5. PESTLE and Porter’s Analysis

3.6. Regulatory Landscape

3.7. Regional Parent Market Outlook

4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033

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4.1. Historical Market Size Value (US$ Million) Analysis, 2018 to 2022

4.2. Current and Future Market Size Value (US$ Million) Projections, 2023 to 2033

5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Beacon Standard

5.1. Introduction / Key Findings

5.2. Historical Market Size Value (US$ Million) Analysis By Beacon Standard, 2018 to 2022

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5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Beacon Standard, 2023 to 2033

5.4. Y-o-Y Growth Trend Analysis By Beacon Standard, 2018 to 2022

5.5. Absolute $ Opportunity Analysis By Beacon Standard, 2023 to 2033

6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Connectivity Type

6.1. Introduction / Key Findings

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6.2. Historical Market Size Value (US$ Million) Analysis By Connectivity Type, 2018 to 2022

6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Connectivity Type, 2023 to 2033

Get the insights you need to make informed decisions and drive successful expansion strategies. Request your customized report today:
https://www.futuremarketinsights.com/customization-available/rep-gb-17415

Top Reports Related To Technology Market:

Smart Fitness Market Size: The overall smart fitness market size is expected to reach US$ 46,934.8 million by 2033, growing at a CAGR of 12.4% from 2023 to 2033.

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Smart Railways Market Share: Global smart railways market is expected to be valued at US$ 106.7 billion in 2023 and to reach a valuation of US$ 805.34 billion by 2033. The demand for smart railways is estimated to grow at a steady 22.4% CAGR.

iBeacon And Bluetooth Beacon Market Trends: The overall demand for iBeacon and Bluetooth beacon is projected to grow at a CAGR of 27.4% between 2022 and 2032, totaling around US$ 110,254.5 Million by 2032.

Smart Factory Market Growth: The size of the global smart factory market is anticipated to grow from US$ 140.7 billion in 2023 to US$ 388.7 billion by 2033. During this forecast period, this market is expected to soar at a stellar CAGR of 10.7%.

Stadium Security Market Outlook: The Stadium Security Market analysis report by Future Market Insights reveals that global sales of the Stadium Security Market in 2021 were held at US$ 9.5 Billion. With a projected growth of 7.2%, the market is expected to reach a valuation of US$ 21.3 Billion by 2032.

Last-Mile Delivery Software Market Demand: The global Last-Mile Delivery Software Market was valued at around US$ 7 Billion in 2021. With a projected CAGR of 8.1% for the next ten years, the market is likely to reach a valuation of approximately US$ 16.7 Billion by the end of 2032.

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Recruiting Automation Software Market Overview: The global Recruiting Automation Software Market was valued at around US$ 496.8 Million in 2021. With a projected CAGR of 2.7% for the next ten years, the market is likely to reach a valuation of nearly US$ 660 Million by the end of 2032.

Referral Marketing Software Market Forecast: The global Referral Marketing Software Market was valued at around US$ 302 Million in 2021. With a projected CAGR of 13.3% for the next ten years, the market is likely to reach a valuation of nearly US$ 1.2 Billion by the end of 2032.

Staffing Software Market Type: The staffing software market is expected to reach a worth of about US$ 2.6 Billion by the end of 2032, with a projected CAGR of 16.3% from 2022 to 2032.

Artificial Intelligence In Cybersecurity Market Analysis: The global Artificial Intelligence in Cybersecurity Market was valued at around US$ 16.5 Billion in 2021. With a projected CAGR of 16.2% for the next ten years, the market is likely to reach a valuation of nearly US$ 91.7 Billion by the end of 2032.

About Future Market Insights, Inc.

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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel, and End Use over the next 10 years.

Contact Us:

Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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For Sales Enquiries: [email protected]

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.

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DocPro Limited Announces the Launch of DocLegal.ai

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Affordable AI-Powered Legal Solutions
HONG KONG, Sept. 30, 2024 /PRNewswire/ — DocPro Limited, a leading innovator in legal technology, has launched DocLegal.ai, a new platform designed to provide AI-powered legal assistance at an unbeatable price—less than the price of your daily coffee.

DocLegal.ai is a platform that consolidates legal document creation, editing, and review into a single interface. The platform offers the following features:
Custom Document Creation: Users can describe their scenario and receive a tailored legal document.Document Review and Editing: The AI assistant can edit, review, summarize documents, suggest clauses, and highlight potential risks.The platform is designed to provide affordable legal services to small businesses and individuals. It also aims to streamline workflows and automate routine tasks for legal professionals, enabling them to focus on high-value activities.
DocPro Limited has leveraged its experience with DocPro.com, which serves over 50,000 users globally, to develop DocLegal.ai. The company is a graduate of the Cyberport Incubation Program and is currently part of the HKSTP Incubation Program and Google for Startups Cloud Program.
As part of its soft launch, DocLegal.ai is offering exclusive access to the first 500 users for only $2.50  per document. Interested parties can Visit the DocLegal.ai website to sign up.
About DocPro Limited
Founded in 2020, DocPro Limited is a leader in the legal tech space, committed to enhancing the delivery of legal services through innovative AI-powered solutions. With platforms like DocPro.com and DocLegal.ai, DocPro empowers users to create and manage legal documents with unparalleled efficiency and precision. For more information, visit DocLegal.ai.
DocLegal.ai is poised to become an indispensable tool for anyone seeking reliable, efficient, and affordable legal documentation, reinforcing DocPro’s position as a pioneer in legal technology.
Media Enquiries: 
Kim [email protected]

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Amagi and Phenix Partner to Bring Next-Gen Low Latency and Seamless Ad Insertion for the Ultimate Viewer Experience

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Bitmovin Complements the Partnership With Its New Player Web X, Guaranteeing Seamless, Crystal-Clear Video Playback
NEW YORK, Sept. 30, 2024 /PRNewswire/ — Amagi, a global leader in cloud-based SaaS technology for broadcast and connected TV (CTV), today announced a partnership with Phenix Real Time Solutions to deliver next-generation FAST (free ad-supported streaming TV) and live events with the lowest latency available in the streaming marketplace. Amagi and Phenix will provide a complete turnkey solution for content owners to achieve real-time streaming with subsecond latency and server-side ad insertion (SSAI). By combining automation, scheduling, real-time streaming, and ad monetization, streaming customers can now deliver a “see it here first” experience, eliminate spoilers from social media, and provide a best-in-class viewing experience for their audiences.

Bitmovin adds a unique element to the mix by ensuring effortless, smooth playback on any browser, regardless of the device. Bitmovin’s open-source plugin system makes integration easy and provides the tools to maintain high-quality playback. The latest update also includes compatibility with Phenix Real-Time SSAI, combining flawless playback with real-time ad insertion.
The direct integration with Phenix now enables Amagi to output content from its Amagi CLOUDPORT automated scheduling and playout system into Phenix’s globally distributed real-time streaming network of over 34 points of presence for real-time delivery to viewers with subsecond latency. Further integration between Amagi’s Ad Tech platform and Phenix’s real-time SSAI capabilities facilitates dynamic and personalized ads while maintaining real-time playback and full compatibility with Bitmovin.
Bill Wishon, Phenix’s Chief Product Officer, stated, “Amagi has established itself as the foremost authority on FAST channel delivery. As a cloud-first company, Amagi has built itself into a pioneer in cloud technology for broadcasting and OTT. We are thrilled to join forces with them in delivering these innovative solutions.”
“Working with Phenix, the leader in real-time, scalable streaming delivery, allows Amagi to offer clients a full solution, including the industry’s first server-side ad insertion in real time. We can’t wait to see how customers deploy these workflows for next-generation OTT streaming,” said Richard Perkett, Chief Product Officer at Amagi.
Amagi provides a complete suite of channel creation, distribution, and monetization solutions. The company’s clients include some of the world’s biggest names, including A+E Networks UK, ABS-CBN, Astro, Cox Media Group, DAZN, Globo, Lionsgate Studio, NBCUniversal, Tastemade, and VIZIO.
Representatives from all the companies will be attending Amagi’s LA FAST 2024 conference on Oct. 1. More information is available at www.amagi.com/events/la-fast.
About Amagi
Amagi is a next-generation media technology company that provides cloud broadcast and targeted advertising solutions to broadcast TV and streaming TV platforms. Amagi enables content owners to launch, distribute, and monetize live linear channels on Free Ad-supported Streaming TV and video services platforms. Amagi also offers 24×7 cloud-managed services bringing simplicity, advanced automation, and transparency to the entire broadcast operations. Overall, Amagi supports 800+ content brands, 800+ playout chains, and over 5,000+ channel deliveries on its platform in over 150 countries. Amagi has a presence in New York, Los Angeles, Toronto, Mexico City, London, Paris, Sydney, Seoul, and Singapore, broadcast operations in New Delhi, and innovation centers in Bengaluru, Zagreb, and Łódź.
About Phenix
As the leader in delivering interactive video at scale, Phenix powers innovative digital experiences that drive acquisition, engagement and retention for some of the world’s biggest brands. Its patented technology is essential for delivering content in real-time that engages audiences with interactive experiences and generates revenue for sportsbooks, sports and gaming properties as well as broadcasters with real-time video streaming to global audiences at broadcast scale. Trusted with streaming video for world-class events like The Oscars, Cheltenham Festival and the Super Bowl, Phenix brings proven experience delivering video to mass audiences for the world’s largest events.
Phenix is headquartered in Chicago, Illinois, with offices in California and Europe. More information is available on the Phenix website or follow them on Twitter and LinkedIn.
About Bitmovin
Bitmovin is the leading provider of video infrastructure for global digital media companies and service providers. The company has been at the forefront of industry innovation and all major developments in the digital video streaming industry. 
Bitmovin built the world’s first commercial adaptive streaming player and deployed the first software-defined encoding service that runs on any cloud platform. Its cloud-native technology offers the most flexible and scalable media encoding, playback, and analytics solutions available with unparalleled device reach, ease of integration, and world-class customer support.
Bitmovin customers benefit from optimized operations, reduced time-to-market, and the best viewer experience possible. Bitmovin is headquartered in Denver, Colorado, and has major offices in Vienna, Klagenfurt, Austria as well as London and Berlin. The company has over 400 customers across the globe, including ClassPass, BBC, fuboTV, Hulu, and Discovery.
More information is available at www.bitmovin.com
Photo: https://mma.prnewswire.com/media/2519499/Amagi_and_Phenix_partner.jpg
 

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SEMI Consortium to Develop Cybersecurity Strategy and Roadmap for the Semiconductor Industry in NIST Framework

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MILPITAS, Calif., Sept. 30, 2024 /PRNewswire/ — Seeking to strengthen the semiconductor industry’s resilience to cybersecurity threats, the global association SEMI today announced the creation of a strategic roadmap for cybersecurity implementation throughout the industry. The SEMI Semiconductor Manufacturing Cybersecurity Consortium (SMCC) has partnered with the National Institute of Standards and Technology (NIST) to develop a semiconductor manufacturing industry profile for NIST Cybersecurity Framework 2.0 (CSF 2.0) that will serve as the foundation for the aforementioned roadmap. NIST plans to publish the profile in mid-2025. 

According to research by the Identity Theft Resource Center, cyberattacks rose by 72 percentage points in 2023 over the previous all-time high in 2021. As semiconductor factories become increasingly connected and autonomous, the industry must respond to the growing security vulnerabilities associated with this next level of digital reliance and align with broader government efforts to secure the building blocks of technologies vital to society.
“Semiconductors are integral to both national security and the global economy – we need to do everything in our power to protect the industry,” said Cherilyn Pascoe, Director of the National Cybersecurity Center of Excellence (NCCoE) at NIST. “NIST is pleased to partner with SEMI SMCC for the development and adoption of a NIST Cybersecurity Framework 2.0 Profile for Semiconductor Manufacturing. This collaboration is important to identify and reduce cybersecurity challenges in semiconductor manufacturing.”
“It’s important to recognize and address the unique cybersecurity challenges facing the semiconductor industry,” said Jennifer Lynn, SMCC Working Group Chair and Semiconductor Cybersecurity Lead at IBM Research. “This community profile could allow us to better identify and execute a path forward.”
In support of the 2023 National Cybersecurity Strategy’s strategic objective to secure global supply chains for information, communications and operational technology products and services, the White House Office of the National Cyber Director (ONCD) included a Cybersecurity Framework Profile as part of initiative 5.5.5 in the National Cybersecurity Strategy Implementation Plan Version 2. SMCC recognized the need for a cybersecurity community profile specific to semiconductor manufacturing and worked with the federal government to develop one.
“Unlike air, space, land, and sea, cyberspace is the only battle domain created entirely by human hands,” said Anjana Rajan, Assistant National Cyber Director for Technology Security at ONCD, during the Global Executive Cybersecurity Forum at SEMICON West 2024. “This means we have both the power and the responsibility to shape it. The future of cyberspace where defenders have an inherent advantage over attackers starts with preparation, and that preparation must begin with securing the building blocks.”
Prior to completion, the community profile will open for public review and commentary in accordance with NIST’s official process. The review period has yet to be announced. The community profile is part of a broader NIST strategy to further standardize cybersecurity protocols for the semiconductor sector, in line with profiles for other industries.
“With the committed resources and support from NIST to support SMCC working groups, we’ll be able to accelerate the development of this semiconductor manufacturing industry community profile creation,” said Brian Korn, Director for SMCC and Staff Technologist focused on Cybersecurity and Automation at Intel Foundry.
SMCC will provide cybersecurity recommendations for semiconductor manufacturing equipment, information on implementation, and updates on the development of the community profile. For more information, visit the project webpage or contact [email protected].
SMCC working groups are engaged with the SEMI Standards program to create a standards-based approach supporting the semiconductor ecosystem by leveraging the program’s 50-year history of industry alignment. SMCC is currently working on developments to two cybersecurity standards:
E187: Specification for Cybersecurity of Fab EquipmentE188: Specification for Malware-Free Equipment IntegrationAbout SMCC 
The Semiconductor Manufacturing Cybersecurity Consortium (SMCC) is a SEMI technology community founded in 2024 to develop and promote a standard based, semiconductor industry wide approach to improve cybersecurity and accelerate implementation of actionable solutions. The vision of SMCC is to strengthen cyber resilience and protection of the global semiconductor supply chain against evolving threats. SMCC’s reach extends all over the world and enables our members to connect and collaborate on specific cybersecurity issues and challenges affecting different regions. It focuses on important key topics and seeks to find solutions that will benefit the entire industry. 
About SEMI
SEMI® is the global industry association connecting over 3,000 member companies and 1.5 million professionals worldwide across the semiconductor and electronics design and manufacturing supply chain. We accelerate member collaboration on solutions to top industry challenges through Advocacy, Workforce Development, Sustainability, Supply Chain Management and other programs. Our SEMICON® expositions and events, technology communities, standards and market intelligence help advance our members’ business growth and innovations in design, devices, equipment, materials, services and software, enabling smarter, faster, more secure electronics. Visit  www.semi.org, contact a regional office, and connect with SEMI on LinkedIn and X to learn more. 
About NIST 
The National Institute of Standards and Technology (NIST) was founded in 1901 and is now part of the U.S. Department of Commerce. NIST is one of the nation’s oldest physical science laboratories. Congress established the agency to remove a major challenge to U.S. industrial competitiveness at the time — a second-rate measurement infrastructure that lagged behind the capabilities of the United Kingdom, Germany and other economic rivals.  
The National Cybersecurity Center of Excellence (NCCoE) under NIST is a collaborative hub where industry organizations, government agencies, and academic institutions work together to address businesses’ most pressing cybersecurity challenges. This public-private partnership enables the creation of practical cybersecurity solutions for specific industries or broad, cross-sector technology challenges. Working with technology partners—from Fortune 50 market leaders to smaller companies specializing in IT security— the NCCoE develops modular, easily adaptable example cybersecurity solutions demonstrating how to apply standards and best practices using commercially available technology. 
About ONCD
The Office of the National Cyber Director (ONCD) advises the President of the United States on cybersecurity policy and strategy. Established by Congress in 2021, ONCD is a component of the Executive Office of the President at the White House. The Office spearheaded the development of the President’s National Cybersecurity Strategy, which President Biden issued on March 2, 2023. ONCD coordinates a whole-of-government approach to implement the National Cybersecurity Strategy.
ONCD’s mission is to advance national security, economic prosperity, and technological innovation through cybersecurity policy leadership. In carrying out its directive, ONCD works closely with White House and interagency partners, as well as with all levels of government, America’s international allies and partners, non-profits, academia, and the private sector, to shape and coordinate federal cybersecurity policy. Guided by the President’s vision, as articulated in the National Cybersecurity Strategy, ONCD is working to create a more equitable, safe, and resilient interconnected world in which every American can thrive and prosper.
Association Contact Samer Bahou / SEMIPhone: 1.408.943.7870Email: [email protected]
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