Sustainability is a focus for global CIOs, with the majority investing in environmental initiatives and technologies, according to Logicalis’ 10th annual CIO report96% of CIOs say their function is involved in their company’s overall sustainability planning and target-setting90% believe it’s important to assess the sustainability credentials of new suppliersLONDON, July 2, 2024 /PRNewswire/ — Logicalis, the leading global technology service provider, reveals sustainability is a key priority for tech leaders in 2024. According to its tenth annual CIO Report, which surveyed over 1,000 CIOs globally, almost all (92%) CIOs are investing in sustainability initiatives or technologies this year.

In the face of global economic uncertainty, the commitment to the green agenda among CIOs stands resolute with CIOs at the heart of their organisation’s sustainability strategy. 96% of tech leaders said that they are already involved in their company’s overall sustainability planning and target setting, and 93% said that they believe IT is core to successfully delivering on their organisation’s environmental objectives. An overwhelming 90% also said that they assess the sustainability credentials of new suppliers before working with them.
Sustainability continues to be recognised as a necessary investment by businesses, as it not only benefits the environment but also reduces energy consumption and operational costs. However, there are still stumbling blocks to overcome. Most (93%) see challenges in attaining their environmental goals, with 43% stating that collecting data distributed across the organisation is a challenge. A similar number are not completely confident that their organisation knows how its digital estate is performing against environmental goals.
Reflecting on the findings at Logicalis’ Global CIO summit in London, Bob Bailkoski, Logicalis CEO, said: “Investing in sustainability is not only the right thing to do, it’s a commercial imperative for business. We know that a reduction in carbon and energy consumption also means lower costs, and with regulations on carbon reporting becoming more stringent, prioritising sustainability now will serve CIOs well later.”
“We’re working very closely with our partners to ensure there is carbon accountability on our part in the outcomes we deliver through technology, and through visibility tools, like our Digital Fabric Platform, we’re empowering customers themselves to better manage the carbon performance of their IT estate.” 
Toby Alcock, Logicalis Chief Technology Officer, said: “CIOs globally continue to face pressure when it comes to prioritising innovation, balancing costs and decreasing carbon output, but these priorities don’t have to compete. With access to good data, CIOs should be able to see where to find short and long-term gains, both environmentally and financially. What’s more, they are well-positioned to attract new customers who are looking to allocate their business to more sustainable suppliers.”
“The fact that IT is now involved in sustainability at a strategic level should ensure that any initiatives have the right infrastructure and support to succeed.”
To see the full report head to https://www.logicalis.com/cio-report
About the research
At the end of 2023, Logicalis commissioned independent market research specialist Vanson Bourne to do a survey. Vanson Bourne interviewed 1,000 Business and IT professionals across EMEA, APAC, US and South America. Only respondents with over 250 employees, with involvement in digital transformation and cloud computing within their organisations, were interviewed. The 2024 report marks the 10th consecutive year Logicalis has undertaken this study.
About Logicalis
We are Architects of Change™. We help organisations succeed in a digital-first world. At Logicalis, we harness our collective technology expertise to help our clients build a blueprint for success, so they can deliver sustainable outcomes that matter.
Our lifecycle services across cloud, connectivity, collaboration and security are designed to help optimise operations, reduce risk and empower employees.
As a global technology service provider, we deliver next-generation digital managed services, to provide our clients with real-time visibility and actionable insights across the performance of their digital ecosystem including; reliability, user experience, security, economic performance and sustainability.
Our 7000+ ‘Architects of Change’ are based in 30 territories around the globe, helping our 10,000+ clients across a range of industry sectors, create sustainable outcomes through technology.
Logicalis has annualised revenues of $1.7 billion, from operations in Europe, North America, Latin America, Asia Pacific, and Africa. It is a division of Datatec Limited, listed on the Johannesburg Stock Exchange, with revenues of over $5.1 billion.
 

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CHICAGO, July 2, 2024 /PRNewswire/ — The Military Radar Market is valued at USD 14.1 billion in 2024 and is projected to reach USD 18.4 billion by 2029, at a CAGR of 5.4% from 2024 to 2029 according to a new report by MarketsandMarkets™. The military radar market involves the design, manufacture, and implementation of radar systems tailored for defense and military use. These systems are employed by military forces and defense agencies to improve situational awareness, and capabilities in target detection, tracking, surveillance, and reconnaissance. A key driver of this market is the increasing need for advanced defense mechanisms amid rising global security threats, which necessitates continual upgrades to radar technologies to ensure robust national and international security.

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Browse in-depth TOC on “Military Radar Market” 120 – Tables90 – Figures350 – Pages
Military Radar Market Report Scope:
Report Coverage
Details
Market Revenue in 2024
$ 14.1 billion
Estimated Value by 2029
$ 18.4 billion
Growth Rate
Poised to grow at a CAGR of 5.4%
Market Size Available for
2020–2029
Forecast Period
2024–2029
Forecast Units
Value (USD Million/Billion)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
By Platform, Product Type, Frequency Band, Dimension and Region
Geographies Covered
North America, Europe, Asia Pacific, and Rest of World
Key Market Challenge
Vulnerability of radars to new jamming techniques
Key Market Opportunities
Increased Compact Radars for Anti-drones application
Key Market Drivers
Rise in Advanced Electronic Warfare and Network-Based Combat Operations
Based on the platform, the airborne segment is estimated to grow at the highest CAGR during the forecast period.
Based on the platform, the airborne segment is estimated to lead the military radar market from 2024 to 2029 with the highest CAGR. This growth is primarily driven by the expanding use of Unmanned Aerial Vehicles (UAVs) in both military and commercial sectors. UAVs demand compact, efficient, and lightweight radar systems for various applications including surveillance, reconnaissance, border patrol, search and rescue, and commercial traffic monitoring.
Technological advancements are also contributing to this trend, with ongoing developments in radar miniaturization, reduced power consumption, and improved image resolution to enhance UAV capabilities. Additionally, global military modernization efforts are integrating more UAVs equipped with advanced radars, further stimulating this growth.
Based on the technology, the quantum radar segment is estimated to grow at the highest CAGR during the forecast period.
Based on the technology, the quantum radar segment is estimated to lead the military radar market from 2024 to 2029 with the highest CAGR. This expected growth is primarily due to quantum radar’s capability to significantly enhance detection accuracy by utilizing quantum entanglement properties, which enables it to identify objects that conventional radars may overlook. This technology is particularly effective in environments affected by high levels of noise or equipped with stealth capabilities designed to evade traditional detection methods. The increasing prioritization of national defense and security is further driving investment in advanced radar technologies, including quantum radars. As countries modernize their military assets to address evolving security threats, quantum radar will emerge as a key component in these upgrades, with improved effectiveness in surveillance and reconnaissance operations.
Based on range, the short-range segment is estimated to grow with the highest CAGR during the forecast period.
Based on range, the short-range segment is estimated to grow with the highest CAGR during the forecast period due to several key factors. This growth is driven by the increasing demand for radars that can operate effectively over shorter distances, which are essential for applications such as automotive safety systems, drone navigation, and perimeter security. These systems are valued for their ability to provide rapid response and high-resolution imaging in close proximity environments.
The rise in the adoption of advanced driver-assistance systems (ADAS) and autonomous vehicles heavily contributes to this trend, as short-range radars are integral for functions like collision avoidance, parking assistance, and pedestrian detection. Additionally, the expanding use of drones for commercial and defense applications enhances the demand for short-range radar capabilities to navigate in complex and cluttered environments.
Based on dimension, the 4D segment is to grow with the highest CAGR in Military Radar market.
The 4D segment in the military radar market is seeing the highest CAGR due to several factors. These radars provide comprehensive situational awareness by tracking objects in three spatial dimensions plus time, crucial for early threat detection and effective decision-making in combat scenarios. Their ability to distinguish between object types reduces false alarms, while superior clutter rejection capabilities improve target tracking in complex environments. The push for modernization, coupled with advancements in computing, signal processing, and antenna design, is making 4D radars both effective and cost-efficient, leading to their rapid adoption and market growth.
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Based on regions, Europe is to grow with the highest CAGR in the Military Radar market.
Based on region the Europe market is estimated to account for highest CAGR during the forecast period. Many European militaries are prioritizing the modernization of their aging radar systems with next-generation technologies that offer better range, accuracy, and counter-threat capabilities. European defense companies are advancing radar technology, including Active Electronically Scanned Array (AESA) radars for improved target tracking and Gallium Nitride (GaN) based radars for enhanced efficiency and range. Additionally, the growing threat from drones is boosting demand for specialized radars for detecting low-altitude targets, potentially leading to sustained increases in defense budgets across Europe, thereby driving significant growth in the military radar industry from 2024 to 2029.
Key Players
The military radar companies is dominated by a few globally established players such as RTX Corporation (US), Thales (France), Lockheed Martin Corporation (US), Leonardo S.P.A (Italy), and Israel Aerospace Industries (Israel).
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Browse Adjacent Market: Aerospace and Defence Market Research Reports & Consulting
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Radar Systems Market by Type (Active Radar, Passive Radar), Platform (Air, Marine, Unmanned, Land, Space), Application, Frequency Band, Component, Range, Dimension, Technology, and Region – Globa Forecast to 2026
Airborne Radars Market by Application (Defense and Security, Commercial and Civil), Waveform (FMCW, Doppler, Ultra-Wideband), Technology (Software Defined Radios, Quantum Radars, Conventional Radars), Dimension (2D, 3D, 4D), Range, Installation Type, Component, Platform and Region – Global Forecast to 2028
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Surveillance Radars Market Size, Share & Industry Growth Analysis Report by Application (Commercial, National Security, Defense & Space), Platform (Land, Airborne, Naval, Space), Frequency Band (HF, UHF & VHF; L; S; C; X; Ku; Ka; Multi-bands), Dimension, Component, Region (2020-2025)
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About MarketsandMarkets™
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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.
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VICTORIA, Seychelles, July 2, 2024 /PRNewswire/ — Ripple, developers of top 10 coin XRP, along with the leading cryptocurrency exchange Bitrue, have recently released a new promotional video highlighting the history of support that Bitrue has shown towards the XRPL community.

This short video, filmed at Paris Blockchain Week in April of 2024, details Bitrue’s involvement in the XRP ecosystem since its launch in 2018. The messaging is delivered by Shruti Kohli, Bitrue’s Global Head of Business Development, and touches on Bitrue’s future plans for the coin.
In the present time support for the coin is growing, not only amid the wider cryptocurrency community but also from Bitrue directly. New tokens that launch on the exchange are often paired with XRP for trading, allowing token developers to directly tap into the XRP community while simultaneously increasing the direct utility of XRP. XRP is also included in all current features on Bitrue, including staking, loans, futures trading, and more.
The exchange has additionally launched an exclusive new staking opportunity celebrating the release of this promotional video. For a limited time only, all users are able to stake their XRP with Bitrue to receive 7% APY over a 7 day period. New users to the exchange also have an additional opportunity in the form of a 50% APY staking option over a 3 day lockup period. Users are encouraged to head to Bitrue.com today to participate.
XRP remains the #1 focus of the exchange, with several projects building on the XRP Ledger set to launch on the exchange within the upcoming months.
Since its launch in 2018, Bitrue has been on a remarkable journey, always championing the utility and adoption of XRP. What follows is a short history of how Bitrue has been at the forefront of driving support for XRP, fostering innovation, and standing strong during challenging times.
2018: Embracing XRP’s Potential
In July 2018, Bitrue was one of the first centralized cryptocurrency exchanges to list XRP, recognizing its immense potential when others overlooked it. They immediately elevated XRP to one of their Top 4 base currencies, allowing users to trade dozens of altcoins directly with XRP as a base. The response was overwhelming, with hundreds of thousands of XRP holders finding solace in Bitrue’s unwavering support. Moreover, users have been enjoying 0 withdrawal fees for XRP on Bitrue since then.
In addition, Bitrue also became the first exchange to list XRP as its base currency. Today, Bitrue is still the only exchange that lists XRP as a base currency, with dozens of XRP-based trading pairs.
Later in 2018, Bitrue proudly introduced the investment tool Power Piggy, offering XRP holders a passive income instrument. Moreover, they were among the first to offer a passive income instrument for XRP Holders, Power Piggy, making it part of the initial batch of tokens eligible for investment.
2019: Pioneering Innovative Features
Throughout 2019, Bitrue continued to prioritize XRP in all newly launched features. They launched a low-interest crypto lending platform, becoming the first exchange to provide XRP-collateralized lending services for the XRP community.
Furthermore, Bitrue has taken a significant step by running a UNL XRPL validator, demonstrating a strong dedication to the growth of the XRP ecosystem. This validator is part of the Unique Node List (UNL), a compilation of validators that network participants, including servers, trust not to engage in fraudulent activities.
Notable events during the year included Ripple’s endorsement of its partnership with Bitrue in supporting XRP adoption when Bitrue attended Ripple Swell 2019 in Singapore. Bitrue also participated in #XRPMeetupJapan as an official sponsor.
2020: Upholding Resilience in Challenging Times
In June 2020, they further solidified support for XRP by becoming the first exchange to embrace PayString, simplifying XRP addresses into an email-like format. In late 2020, many exchanges delisted XRP due to the SEC v. Ripple lawsuit. However, Bitrue stayed loyal to the XRP community, categorically refusing to delist XRP and providing continuous trading and investment opportunities for the community. Bitrue never delisted XRP, which remains true today.
2021-2023: Continued Holistic Support for the XRP Ecosystem
In January 2021, Bitrue again proved its dedication by being the first exchange to complete $FLR distribution in the form of IOUs and supporting $FLR trading. They continued to extend holistic support during the largest XRP community airdrop event in January 2023, reaffirming the commitment to the XRP community.
Since launching in 2018, Bitrue has also listed and supported XRP native tokens like CasinoCoin ($CSC), Sologenic ($SOLO), Coreum ($CORE), Equilibrium Games ($EQ), and many more. All XRP native tokens can be found listed here. Bitrue is also one of the first exchanges supporting manual relocation and recovery of missing deposits where there are missing tags or incorrect tags for the XRP community.
Today: Looking into the Future
Looking towards the future, Ripple’s recent landmark victory against the SEC is a potential turning point for the broader crypto ecosystem. It highlights the unique opportunities offered by elements like smart contracts and algorithmic currencies. Bitrue is committed to wholeheartedly supporting and actively exploring opportunities to grow in tandem with the XRP ecosystem, fostering its future endeavors and development.
Bitrue is proud to have been part of the XRP journey since 2018. As the crypto landscape evolves, they remain committed to empowering the #XRPCommunity, embracing potential opportunities, and contributing to the bright future of XRP. With XRP continuing to gain strength among the top 10 cryptocurrencies by market capitalization, they stand firm as the steadfast partner that has always prioritized the usage of XRP and supported its ecosystem. Together, let’s move forward into a world where XRP adoption and utility thrive.
About Bitrue
Launched in July 2018, Bitrue is a diversified digital asset exchange that supports trading, loans, and investments. Bitrue aims to utilize blockchain technology to bring financial opportunities to everybody regardless of their location or financial position. It has offices in Asia and Europe and continues to develop new features at a rapid speed to fully service the new wave of the digital economy. More information is available on Bitrue’s website.
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