Artificial Intelligence
[Latest] Global Semiconductor Testing Market Size/Share Worth USD 54.2 Billion by 2032 at a 7% CAGR: Custom Market Insights (Analysis, Outlook, Leaders, Report, Trends, Forecast, Segmentation, Growth, Growth Rate, Value)
Austin, TX, USA, July 02, 2023 (GLOBE NEWSWIRE) — Custom Market Insights has published a new research report titled “Semiconductor Testing Market Size, Trends and Insights By Service Type (Assembly & Packaging, Ball Grid Array Packaging, Chip Scale Packaging, Multi-chip Packaging, Stacked Die Packaging, Quad-flat & Dual-inline Packaging, Testing), By Application (Telecommunication, Consumer Electronics, Industrial Electronics, Automotive, Aerospace & Defense, Others), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032 ” in its research database.
“According to the latest research study, the demand of global Semiconductor Testing Market size & share was valued at approximately USD 34.7 Billion in 2022 and is expected to reach USD 36.65 Billion in 2023 and is expected to reach a value of around USD 54.2 Billion by 2032, at a compound annual growth rate (CAGR) of about 7% during the forecast period 2023 to 2032.”
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Semiconductor Testing Market: Growth Factors and Dynamics
The semiconductor testing market exhibits dynamic growth dynamics driven by several key factors:
- Increasing Demand for Semiconductors: The growing demand for semiconductors across various industries, such as consumer electronics, automotive, telecommunications, healthcare, and industrial automation, fuels the growth of the semiconductor testing market. As the use of semiconductors continues to expand, the need for efficient and accurate testing solutions becomes essential to ensure their quality, performance, and reliability.
- Technological Advancements in Semiconductor Devices: The continuous advancements in semiconductor technologies, including the development of smaller, faster, and more complex chips, contribute to the growth of the semiconductor testing market. As semiconductor designs become more sophisticated, testing processes need to keep pace with the evolving requirements to accurately evaluate their functionality and performance.
- Increasing Complexity and Miniaturization of Semiconductor Devices: The ongoing trend of miniaturization and increasing complexity of semiconductor devices presents both challenges and opportunities for the testing market. Testing these intricate designs requires advanced methodologies, equipment, and software to ensure a thorough evaluation of performance, power consumption, and reliability. The demand for testing solutions that can handle the complexity and miniaturization of semiconductor devices drives market growth.
- Emerging Technologies and Applications: The emergence of disruptive technologies and applications such as 5G, artificial intelligence, Internet of Things (IoT), autonomous vehicles, and augmented reality (AR)/virtual reality (VR) creates significant growth opportunities for the semiconductor testing market. These technologies rely heavily on semiconductors, driving the need for rigorous testing to ensure optimal performance and functionality.
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Report Scope
| Feature of the Report | Details |
| Market Size in 2023 | USD 36.65 Billion |
| Projected Market Size in 2032 | USD 54.2 Billion |
| Market Size in 2022 | USD 34.7 Billion |
| CAGR Growth Rate | 7% CAGR |
| Base Year | 2022 |
| Forecast Period | 2023-2032 |
| Key Segment | By Service Type, Application and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
(A free sample of the Semiconductor Testing report is available upon request; please contact us for more information.)
Our Free Sample Report Consists of the following:
- Introduction, Overview, and in-depth industry analysis are all included in the 2023 updated report.
- The COVID-19 Pandemic Outbreak Impact Analysis is included in the package.
- About 220+ Pages Research Report (Including Recent Research)
- Provide detailed chapter-by-chapter guidance on the Request.
- Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2023
- Includes Tables and figures have been updated.
- The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
- Custom Market Insights (CMI) research methodology
(Please note that the sample of the Semiconductor Testing report has been modified to include the COVID-19 impact study prior to delivery.)
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Semiconductor Testing Market: COVID-19 Analysis
The COVID-19 pandemic has had a significant impact on the semiconductor testing market. Here is an analysis of the effects of the pandemic on the market:
- Supply Chain Disruptions: The semiconductor industry, including testing equipment manufacturers, experienced disruptions in the global supply chain due to factory closures, transportation restrictions, and logistical challenges. These disruptions resulted in delays in the production and delivery of testing equipment, affecting the overall semiconductor testing market.
- Shift in Demand Dynamics: The pandemic brought about changes in consumer behavior and preferences, leading to fluctuations in the demand for certain semiconductor products. While there was increased demand for semiconductors used in telecommunication, remote work technologies, and healthcare applications, sectors like automotive and consumer electronics experienced a decline in demand. This shift in demand dynamics had a direct impact on the semiconductor testing market.
- Manufacturing Challenges: The implementation of lockdown measures and social distancing protocols led to temporary closures and reduced manufacturing capacities in semiconductor production facilities. This resulted in lower production volumes and delayed product launches, affecting the demand for semiconductor testing services.
- Workforce Disruptions: The pandemic necessitated remote working arrangements and imposed restrictions on travel and physical presence in manufacturing facilities. These workforce disruptions impacted the availability of skilled technicians and engineers required for semiconductor testing operations. Remote work arrangements also posed challenges in terms of collaboration and coordination, affecting the efficiency of testing processes.
- Recovery and Resilience: Despite the initial disruptions, the semiconductor testing market demonstrated resilience and began to recover as the global economy gradually reopened. The increased reliance on digital technologies, remote work, and online services drove the demand for semiconductors and, subsequently, the need for semiconductor testing. The market witnessed a rebound in certain segments, such as telecommunications and healthcare, while other segments gradually regained momentum.
- Acceleration of Digital Transformation: The pandemic accelerated the digital transformation across industries, leading to increased demand for semiconductor devices powering digital infrastructure and technologies. This created opportunities for semiconductor testing companies to cater to the rising demand for testing services in areas such as data centers, cloud computing, e-commerce, and remote communication.
- Future Outlook: The semiconductor testing market is expected to experience steady growth in the post-pandemic period as the global economy recovers and industries rebound. The increasing adoption of advanced technologies, including 5G, AI, IoT, and automotive electronics, will drive the demand for semiconductor testing services. However, continued vigilance is necessary as uncertainties and potential disruptions related to the pandemic persist.
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Key questions answered in this report:
- What is the size of the Semiconductor Testing market and what is its expected growth rate?
- What are the primary driving factors that push the Semiconductor Testing market forward?
- What are the Semiconductor Testing Industry’s top companies?
- What are the different categories that the Semiconductor Testing Market caters to?
- What will be the fastest-growing segment or region?
- In the value chain, what role do essential players play?
- What is the procedure for getting a free copy of the Semiconductor Testing market sample report and company profiles?
Key Offerings:
- Market Share, Size & Forecast by Revenue | 2023−2032
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
- Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by regions
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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List of the prominent players in the Semiconductor Testing Market:
- Amkor Technology Inc. (US)
- Advanced Semiconductor Engineering Inc. (US)
- Siliconware Precision Industries Co. Ltd. (Taiwan)
- Powertech Technology Inc. (Taiwan)
- STATS ChipPAC Ltd (Singapore)
- CORWIL Technology (US)
- Integrated Micro-Electronics Inc. (US)
- Chipbond Technology Corporation (US)
- Global Foundries (US)
- Others.
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Semiconductor Testing Market – Regional Analysis
In terms of regional analysis, the semiconductor testing market can be divided into several key regions, including North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
- North America: North America is a prominent region in the semiconductor testing market, primarily driven by the presence of major semiconductor manufacturers and a robust technology ecosystem. The region is known for its advanced research and development activities, particularly in the field of semiconductors and electronics. Additionally, the demand for semiconductor testing services is high due to the widespread adoption of advanced technologies in sectors such as telecommunications, consumer electronics, automotive, and aerospace.
- Europe: Europe is another significant region in the semiconductor testing market, characterized by the presence of established semiconductor companies and a strong industrial base. The region focuses on innovative semiconductor technologies, including IoT, automotive electronics, and smart manufacturing. The stringent quality standards and regulations in Europe drive the demand for reliable and accurate semiconductor testing solutions.
- Asia Pacific: Asia Pacific is the largest and fastest-growing region in the semiconductor testing market. The region is a major hub for semiconductor manufacturing, with countries like China, Taiwan, South Korea, and Japan leading in production volume. The increasing demand for consumer electronics, automotive electronics, and telecommunications devices in the Asia Pacific region drives the need for comprehensive semiconductor testing services. Moreover, the presence of a large pool of skilled labor, favorable government initiatives, and the growing adoption of advanced technologies contribute to the market’s growth in this region.
- Latin America: Latin America showcases significant potential in the semiconductor testing market. The region experiences growing investments in infrastructure development and the adoption of advanced technologies across various industries. The expanding automotive and consumer electronics sectors drive the demand for semiconductor testing services in Latin America.
- Middle East and Africa: The Middle East and Africa region are witnessing gradual growth in the semiconductor testing market. The region is focusing on economic diversification, with investments in industries such as telecommunications, automotive, and consumer electronics. The rising adoption of IoT, cloud computing, and automation technologies in the region is expected to drive the demand for semiconductor testing services.
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The Semiconductor Testing Market is segmented as follows:
Service Type
- Assembly & Packaging
- Ball Grid Array Packaging
- Chip Scale Packaging
- Multi-chip Packaging
- Stacked Die Packaging
- Quad-flat & Dual-inline Packaging
- Testing
Application
- Telecommunication
- Consumer Electronics
- Industrial Electronics
- Automotive
- Aerospace & Defense
- Others
Click Here to Get a Free Sample Report of the Global Semiconductor Testing Market @ https://www.custommarketinsights.com/report/semiconductor-testing-market/
By Region
North America
- The U.S.
- Canada
- Mexico
Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
This Semiconductor Testing Market Research/Analysis Report Contains Answers to the following Questions.
- Which Trends Are Causing These Developments?
- Who Are the Global Key Players in This Semiconductor Testing Market? What are Their Company Profile, Product Information, and Contact Information?
- What Was the Global Market Status of the Semiconductor Testing Market? What Was the Capacity, Production Value, Cost and PROFIT of the Semiconductor Testing Market?
- What Is the Current Market Status of the Semiconductor Testing Industry? What’s Market Competition in This Industry, Both Company and Country Wise? What’s Market Analysis of Semiconductor Testing Market by Considering Applications and Types?
- What Are Projections of the Global Semiconductor Testing Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
- What Is Semiconductor Testing Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
- What Is the Economic Impact On Semiconductor Testing Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
- What Are Market Dynamics of Semiconductor Testing Market? What Are Challenges and Opportunities?
- What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Semiconductor Testing Industry?
Click Here to Access a Free Sample Report of the Global Semiconductor Testing Market @ https://www.custommarketinsights.com/report/semiconductor-testing-market/
Reasons to Purchase Semiconductor Testing Market Report
- Semiconductor Testing Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
- Semiconductor Testing Market report outlines market value (USD) data for each segment and sub-segment.
- This report indicates the region and segment expected to witness the fastest growth and dominate the market.
- Semiconductor Testing Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
- The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
- Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
- The Industry’s current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
- Semiconductor Testing Market Includes in-depth market analysis from various perspectives through Porter’s five forces analysis and provides insight into the market through Value Chain.
Reasons for the Research Report
- The study provides a thorough overview of the global Semiconductor Testing market. Compare your performance to that of the market as a whole.
- Aim to maintain competitiveness while innovations from established key players fuel market growth.
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What does the report include?
- Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Semiconductor Testing market analysis.
- The competitive environment of current and potential participants in the Semiconductor Testing market is covered in the report, as well as those companies’ strategic product development ambitions.
- According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.
- For each segment mentioned above, actual market sizes and forecasts have been given.
Who should buy this report?
- Participants and stakeholders worldwide Semiconductor Testing market should find this report useful. The research will be useful to all market participants in the Semiconductor Testing industry.
- Managers in the Semiconductor Testing sector are interested in publishing up-to-date and projected data about the worldwide Semiconductor Testing market.
- Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Semiconductor Testing products’ market trends.
- Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans.
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SAN FRANCISCO, Sept. 19, 2024 /PRNewswire/ — Lucinity and Sift have announced a partnership, unifying fraud and Anti-Money Laundering (AML) into Lucinity’s integrated FinCrime compliance platform for case management, agent-enabled workflow automation, and Generative AI.
Sift is an AI-powered fraud platform securing digital trust for leading global businesses. Its Global Data Network analyzes more than 1 trillion events and identity signals per year to prevent fraud across the entire consumer journey. Lucinity and Sift formed this new partnership to address the challenges of fragmented fraud and AML systems, aiming to centralize and enhance financial crime investigations.
Sift’s AI-powered solution will now be integrated into Lucinity’s platform. This collaboration enhances Lucinity’s ability to provide a seamless and efficient compliance solution. It allows teams to review and manage fraud alerts more effectively through Lucinity’s unified Case Management system, thanks to the native integration between the systems. Key benefits to Lucinity’s users include:
Real-Time Fraud Screening: Payments are screened for potential fraud in real time, utilizing Sift’s fraud detection capabilities.Automatic Payment Holds: Payments suspected of fraud are temporarily held, ensuring verification before processing.Streamlined Reviews: Compliance teams can conduct thorough reviews of flagged payments within Lucinity’s Case Management solution.Risk Level Adjustments: Fraud detection parameters can be customized to adjust sensitivity levels, adapting to emerging fraud trends and risk appetites.This partnership also enables users to leverage Lucinity’s Generative AI capabilities through the Luci copilot to investigate fraud cases more efficiently.
Udi Nessimyan, President and Chief Revenue Officer of Lucinity, comments, “One of the greatest challenges in fighting financial crime is fragmented systems and data. Our partnership with Sift helps address this challenge by providing a centralized platform for various case types, including AML, fraud, sanctions, and ad hoc cases. Our collaboration significantly enhances the productivity of investigation teams, reducing the time spent on cases from hours to minutes.”
Sift’s Chief Marketing Officer, Armen Najarian, emphasizes the collaborative effort to enhance financial crime prevention, stating, “Cybercriminals are increasingly leveraging AI to bypass traditional anti-money laundering and fraud controls, creating sophisticated and dynamic threats. To combat these evolving risks, companies must adopt a ‘fight fire with fire’ approach by leveraging AI-powered solutions. Through Sift’s partnership with Lucinity, businesses can stay ahead of fraudsters, ensuring robust protection against abuse and enabling fearless growth.”
About Sift: https://sift.com About Lucinity: https://lucinity.com
Media contact:Celina [email protected] +354 792 4321
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Artificial Intelligence
Employee Background Check Software Market Size to Grow USD 828.8 Million by 2030 at a CAGR of 4.9% | Valuates Reports
BANGALORE, India, Sept. 19, 2024 /PRNewswire/ — Employee Background Check Software Market is Segmented by Type (Cloud-Based, On Premises), by Application (SMEs, Large Enterprises): Global Opportunity Analysis and Industry Forecast, 2024-2030.
The Global Employee Background Check Software Market was valued at USD 587 Million in 2023 and is anticipated to reach USD 828.8 Million by 2030, witnessing a CAGR of 4.9% during the forecast period 2024-2030.
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Major Factors Driving the Growth of Employee Background Check Software Market:
The employee background check software market is growing due to increasing demands for secure hiring processes and regulatory compliance, especially in industries such as finance, healthcare, and IT. As companies look to reduce risks associated with fraud, legal liabilities, and workplace safety, background checks are becoming a critical part of recruitment processes. The rise of remote work has further accelerated the need for digital solutions. However, challenges include concerns over data privacy and varying legal frameworks across regions, which may slow adoption in some areas.
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TRENDS INFLUENCING THE GROWTH OF THE GLOBAL EMPLOYEE BACKGROUND CHECK SOFTWARE MARKET:
Cloud-based background check software is gaining traction due to its scalability, remote access, and cost-effectiveness. With cloud-based systems, businesses can streamline their hiring processes, particularly when operating across multiple locations. The ability to access data and conduct checks in real-time is highly valuable for organizations managing large workforces or remote employees. The flexibility and lower upfront investment of cloud-based solutions make them popular among businesses seeking efficient and adaptable systems for their recruitment processes.
On-premises solutions remain important for organizations with strict security and data control requirements, such as those in government, defense, or finance. These companies often need complete ownership of their data, which on-premises software offers, reducing the risk of external breaches. Although it requires significant upfront investment and maintenance, on-premises software provides a high level of customization and security. It’s especially useful for businesses dealing with sensitive information and industries where compliance with local data protection laws is critical.
Large enterprises, particularly those operating in regulated industries like banking and healthcare, are the major adopters of employee background check software. These organizations deal with large volumes of hires, making streamlined background checks essential for compliance and operational efficiency. The ability to integrate background check systems with existing HR tools, such as applicant tracking systems, allows large companies to manage their recruitment processes more effectively. The need for comprehensive and accurate background checks is crucial for mitigating risk and ensuring legal compliance.
The rise in remote working has increased the demand for background check software that allows companies to vet employees regardless of their location. Digital background checks, particularly cloud-based ones, make it easier for organizations to screen remote workers efficiently. This trend is expected to continue as more companies adopt hybrid or fully remote work models, where geographical barriers no longer restrict talent acquisition but require thorough and remote-friendly verification processes.
As regulatory frameworks for employment practices become more stringent globally, businesses are increasingly relying on background check software to ensure compliance. Laws like the General Data Protection Regulation (GDPR) in Europe and the Fair Credit Reporting Act (FCRA) in the U.S. have made it mandatory for companies to conduct background checks within specific legal parameters. This has led to increased demand for software solutions that can automate these processes while maintaining compliance with regional and international laws.
A major trend in the employee background check software market is the integration of these solutions with human resources management systems (HRMS). Integrating background checks with HR software streamlines the hiring process by consolidating background checks, employee records, and onboarding into one system. This improves operational efficiency for businesses, particularly large enterprises that handle significant recruitment volumes. Integration with HRMS allows for real-time updates, making background screening an even more integral part of the hiring process.
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EMPLOYEE BACKGROUND CHECK SOFTWARE MARKET SHARE
North America dominates the market due to stringent employment regulations and widespread adoption across industries. Europe is another key region, driven by GDPR compliance and demand in finance and healthcare. The Asia-Pacific region is experiencing rapid growth due to increasing awareness of the importance of background checks, especially in countries like China and India, where digital hiring platforms are becoming more popular. The market is also expanding in the Middle East and Africa as businesses prioritize secure hiring practices.
Key Companies:
HireRightGoodHireCheckrSterlingHireologyINTELIFIGood EggPeopleG2VitayCertnGlobal HR ResearchVeritable ScreeningXrefZincPaycomADPVICTIGIntelliCorp (Cisive)SpringVerifyAsurintUniversalAssureHireVerified FirstHireSafePurchase Chapters: https://reports.valuates.com/request/chaptercost/QYRE-Auto-2A10579/Global_Employee_Background_Check_Software
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Artificial Intelligence
Shang Haifeng from Huawei Cloud: Building a Resilient, Intelligent Hybrid Cloud and Taking an Intelligence Leap
SHANGHAI, Sept. 19, 2024 /PRNewswire/ — The Hybrid Cloud Infra Forum 2024, with the theme, “Dive into Cloud and Leap to a New Horizon”, convened at HUAWEI CONNECT 2024 today. At the event, Shang Haifeng, CEO of Huawei Mainframe Modernization BU and President of Huawei Hybrid Cloud, announced the launch of Huawei Cloud Stack 8.5. The new version introduces a new solution, Mainframe-to-Cloud Solution, and includes more use cases for Hybrid Cloud for Large AI Models.
Jacqueline Shi, President of Huawei Cloud Global Marketing and Sales Service, stated in her opening speech: “Thanks to the strong support from our customers, Huawei Cloud’s hybrid cloud business has been continuously expanding in the global market. An increasing number of customers from sectors, such as government, finance, education, healthcare, transportation, mining, and power have joined forces with Huawei Cloud to drive innovation. Huawei Cloud Stack synchronizes a wide array of services from the Huawei public cloud and can be deployed on-premises, breaking through technological barriers and meeting customer demands. With leading technologies, a mature platform, and a robust local ecosystem, we provide our customers with cutting-edge, scenario-specific solutions. Looking ahead, Huawei Cloud looks forward to continuing our collaboration with customers to develop superior hybrid cloud solutions and embark on the digital transformation journey together.”
Today, hybrid cloud has become the preferred foundation for digital transformation of government organizations and large enterprises. Huawei Cloud has been continuously investing in R&D, committed to providing government and enterprise customers with a sustainable and optimal hybrid cloud foundation.
Shang Haifeng said: “Cloud transformation of core systems and intelligent production have become the twin pillars for government and enterprise customers diving into cloud. Huawei Cloud Stack will innovate in resilience and intelligence, elevating the hybrid cloud to a new horizon and helping customers move faster to take a smart, digital leap.”
A New Horizon of Resilience: Creating a New Mainframe-to-Cloud Benchmark
As industries have been accelerating cloud adoption, the migration of core systems to the cloud represents the final piece of the all-cloud puzzle. It is a gateway to comprehensive intelligence. However, this migration poses many challenges, spanning hardware, software, security, O&M, optimization, and tools. It is an end-to-end comprehensive project that requires software-hardware synergy.
This year, Huawei established a Mainframe Modernization BU, consolidating core R&D strengths across compute, storage, network, cloud, and the Central Research Institute to drive systematic innovation. This initiative aims to fully exploit the power of software-hardware synergy to overcome the world-class challenge of mainframe migration to cloud. They have been persistent in developing an independent and innovative technology system to ensure an ongoing supply of core technologies. The team has been stepping up efforts to develop comprehensive system engineering capabilities, from infrastructure and implementation processes to O&M, aiming to establish new core systems on the cloud.
The Mainframe-to-Cloud Solution from Huawei provides comprehensive disaster recovery (DR) for all scenarios, supports modular application deployment, and enables multi-site multi-active DR, satisfying a spectrum of availability requirements. It supports hardware fault detection in seconds, which makes O&M for large-scale clusters more efficient. The application-centric end-to-end visibility speeds up fault identification and troubleshooting. Seamless cloud OS upgrades enable the parallel upgrade of hundreds of nodes without VM migration, and without any service interruptions.
Huawei maximizes the synergy between software and hardware. Hardware NIC virtualization passthrough and the multi-core lock-free design reduce the latency of a single forward for load balancing by 83% and increase the forwarding bandwidth of a single cluster to 400 Gbit/s. Passthrough networking simplifies the network from two layers to just one, which reduces latency by 40%. Moreover, the fusion of the RoCE network and NoF+ protocol slashes end-to-end storage latency by 50%. All of these enable unparalleled performance and superior experiences.
In terms of security, GaussDB, a fully-encrypted database, and Kunpeng Trusted Execution Environment (TEE) safeguard against data breaches and minimize performance degradation, keeping it within 20%.
Shang Haifeng expressed that Huawei aspires to set new trustworthiness standards for mainframe-to-cloud migration through innovation in foundational technologies and experience consolidation. Huawei aims to take the resilience of core systems to a new horizon and provide a better choice for the world.
A New Horizon of Intelligence: Launch of Top Use Cases of Hybrid Cloud for Large AI Models
The past two years have witnessed fast development in large models. An increasing number of industries are exploring and adopting large models, forging new business models and substantially expanding market demands. New technologies and new use cases are key to the adoption of large models across industries.
In 2023, Huawei Cloud Stack launched the industry’s first Hybrid Cloud for Large AI Models, empowering enterprises to build their own large AI models in one stop. In June this year, Huawei Cloud Stack introduced 10 new technologies for Hybrid Cloud for Large AI Models, making them easier to deploy using different infrastructures, algorithms, and engineering capabilities. Additionally, Huawei Cloud Stack curates high-quality datasets, consolidates model application experience, and is fully integrated into industry ecosystems, making the use cases easier.
Huawei Cloud Stack also uses the innovative ModelArts engineering tool suite that consists of three modules: data, model, and application. It is designed to expedite AI engineering adoption, simplifying the creation, training, and deployment of large models.
At the forum, Huawei Cloud unveiled the top use cases for Hybrid Cloud for Large AI Models, targeting five major industries. 20 domain-specific and over 80 industry scenario-specific use case baselines were launched. Shang Haifeng highlighted that these use case baselines are rooted in delivered projects, covering solutions, services, and partners. They are ready for broad promotion and replication. In the future, Huawei Cloud Stack will update use cases twice a year, always delivering more use cases and superior solutions to customers.
Leveraging the powerful capabilities and experience of Huawei Cloud Stack and Pangu Models, Huawei Cloud will elevate intelligence to a new horizon, enabling every enterprise to create their own large model.
At the forum, the 2024 Global “Dive into Cloud Polaris” Awards Ceremony was held to honor global benchmark customers and partners who have made outstanding contributions to cutting-edge technologies, scenarios, and model exploration with Huawei Cloud. A total of 18 government organizations and enterprises around the world from diverse sectors, such as government, finance, oil and gas, and transportation, earned the awards.
The journey ahead is still filled with challenges. Moving forward, Huawei Cloud Stack will persist in innovating and breaking new ground, continuously refining technical solutions, optimizing product portfolios, and diving into industry scenarios. The intelligent world is just around the corner. Huawei Cloud Stack looks forward to joining hands with government and enterprise customers to leap to a new horizon and embrace a better future.
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