Artificial Intelligence

Global Fraud Detection and Prevention Market to Reach $108.6 Billion by 2030

Published

11 months ago

July 7, 2023

New York, July 07, 2023 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Fraud Detection and Prevention Industry” – https://www.reportlinker.com/p05798626/?utm_source=GNW
Solutions, one of the segments analyzed in the report, is projected to record 16% CAGR and reach US$74.6 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Services segment is readjusted to a revised 18.5% CAGR for the next 8-year period.

The U.S. Market is Estimated at $10.8 Billion, While China is Forecast to Grow at 19.3% CAGR

The Fraud Detection and Prevention market in the U.S. is estimated at US$10.8 Billion in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of US$19.9 Billion by the year 2030 trailing a CAGR of 19.3% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 13.3% and 14.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 15.9% CAGR.

Select Competitors (Total 124 Featured)
– ACI Worldwide Inc.
– BAE Systems plc
– Cacco Inc.
– Cybersource Corporation
– DXC Technology Company
– Equifax Inc.
– Experian plc
– Fair Isaac Corporation
– Feedzai Inc.
– Fiserv, Inc.
– Global Payments Inc.
– IBM Corporation
– LexisNexis Risk Solutions Group
– NICE Ltd.
– Oracle Corporation
– RSA Security LLC
– SAP SE
– SAS Institute Inc.
– Scudetto Corporation
– Software AG

Read the full report: https://www.reportlinker.com/p05798626/?utm_source=GNW

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
Impact of COVID-19 Pandemic and Looming Global Recession;
Living with COVID-19, the New Normal
Stagflation and Risk of Recession: New Challenges Emerge for
the Global Market in 2022 & 2023
World Economic Growth Projections (Real GDP, Annual % Change)
for the Years 2020, 2021, 2022 and 2023
Impact of COVID-19 on Cybersecurity
Global Cybersecurity Market Reset & Trajectory – Growth Outlook
(In %) For Years 2019 Through 2025
Steep Rise in Fraud Attacks amid COVID-19 Predicament Marks
Opportunity for Fraud Detection & Prevention Market
Financial Losses in the US Due to Internet Crime in US$
Million: 2012-2020
Fraud Detection and Prevention – Global Key Competitors
Percentage Market Share in 2022 (E)
Fraud Detection and Prevention – Global Key Software/Technology
Percentage Market Share in 2022 (E)
Competitive Market Presence – Strong/Active/Niche/Trivial for
Players Worldwide in 2022 (E)
Global Market Prospects & Outlook
Fraud Analytics & Professional Services Command Fraud Detection &
Prevention Market
Evolving Fraud Landscape Entails Opportunities for Fraud
Prevention Solutions
Fraud Epidemic Creates Perfect Landscape for Fraud Detection &
Prevention Market
Advent of Innovative Fraud Detection and Prevention
Technologies Mitigate Risks Pertaining to Fraudulent
transactions
Use of Statistical data analysis techniques Witnesses a Robust
Increase
GEOGRAPHIC MARKET ANALYSIS
Sophisticated Frauds & Short Supply of Professionals to Inhibit
Growth
Select Vertical Trends Driving Growth
Fraud Detection and Prevention: An Overview
Applications Segments of Fraud Detection and Prevention
Recent Market Activity
Select Innovations & Advancements

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS
Insights into Mine of Benefits Offered by Fraud Detection &
Prevention Technologies
Rising Frequency & Intensity of Cyber Frauds Creates Pressing
Need for Antifraud Measures
Upside Potential of Emanating Trends Related to Digital Fraud
Prevention
Digital Transformation of Businesses and Need to Ensure
Security of Sensitive Data to Spur Market Demand
Global Digital Data Created (In Zettabytes) for the Years 2015,
2020, 2025, and 2030
Digital Transformation Accelerates Demand for Tools to
Safeguard Enterprise Data: Global Digital Transformation
Spending (In US$ Billion) for 2017-2023
Digital Transformation by Industry: 2022E
Global Investments on Industry 4.0 Technologies (in US$
Billion) for the Years 2017, 2020, & 2023
Industry 4.0 Technologies with Strongest Impact on
Organizations: 2020
Rise in Moneylaundering Cases Drives the Uptake of Fraud
Detection and Prevention Solutions
Rising Incidences of ATOs & Phishing Emails Augment Fraud
Detection Demand
Booming e-Commerce Industry Aggravates the Risk of Fraud
Global e-Commerce Opportunity (In US$ Billion) for Years 2018,
2020, 2022 & 2024
Types of E-Commerce Frauds
E-Commerce Merchants to Mitigate Frauds for Success in Business
COVID-19 Pandemic Elevates Opportunities
Global B2C e-Commerce Sales in US$ Trillion for the Years 2017,
2019, 2021 and 2023
Global e-Commerce Market as a % of Retail Sales for the Period
2017, 2019, 2021 and 2023
Digital Transformation in Retail Industry Promises Lucrative
Growth Opportunities: Global Retail IT Spending (In US$
Billion) for the Years 2018, 2020, 2022 & 2024
Rise of Digital Banking Brings Out BFSI as the Largest Spender
on Fraud Prevention
Top Technology Investments in BFSI Sector: 2021
Post Pandemic Focus of Banks on Digital Transformation to
Benefit Fraud Detection & Prevention: Percentage of
Organizations Citing Priority for 2020
Global Internet Users in Billion for the Years 2014 through 2021
Lowering Risk in Online Payments, the Most Widely Used
Transaction Method
Risk Analysis in Real-Time to Thwart Frauds in Banking Sector
Increase in the Use of Artificial Intelligence and Machine
Learning in Banking Sector to Boost Fraud Detection and
Prevention Market
Global AI Investment (in US$ Billion) for the Years 2015
through 2021
Industry Adoption of Artificial Intelligence (AI) by Function:
2020
Anomaly Detection: An Overview
Cumulative Global Online Fraud (In US$ Billion) Between 2020 to
2024 by Region
Growing Global IoT Ecosystems Pushes Up the Risk of Fraud
Global Number of IoT Connected Devices (In Billion) for the
Years 2016, 2018, 2020, 2022 & 2025
Opportunity Indicator: Global Spending (In US$ Billion) on IoT
for the Years 2019, 2020, 2021, 2022 & 2024
IoT Enabled Fraud, a Major Concern for Merchants in the Current
Scenario
Blockchain for Fraud Prevention: A New & Potent Weapon in the
Making
Blockchain?s Powerful Fraud Prevention Features
AI Set to Raise the Bar in Fraud Detection
Businesses Increasingly Adopt Customer-centric Fraud Prevention
Techniques
Increasing Volume of Non-cash Payment/Transaction Volumes Drive
Uptake of Fraud Detection and Prevention Market
Is COVID-19 Scenario Making Payment Space to Bid Adieu to Cash
Payments?
More Payment Options
Rise in Application of Hybrid Analytical Approaches
Healthcare Networks Confront Growing Threat of Cyberattacks
Fraud Protection Software for e-Commerce Businesses and the
Travel Industry
Role of Machine Learning in Fraud Detection Gaining Prominence

4. GLOBAL MARKET PERSPECTIVE
Table 1: World Fraud Detection and Prevention Market Analysis
of Annual Sales in US$ Million for Years 2014 through 2030

Table 2: World Recent Past, Current & Future Analysis for Fraud
Detection and Prevention by Geographic Region – USA, Canada,
Japan, China, Europe, Asia-Pacific, Latin America, Middle East
and Africa Markets – Independent Analysis of Annual Revenues in
US$ Million for Years 2022 through 2030 and % CAGR

Table 3: World Historic Review for Fraud Detection and
Prevention by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific, Latin America, Middle East and Africa
Markets – Independent Analysis of Annual Revenues in US$
Million for Years 2014 through 2021 and % CAGR

Table 4: World 16-Year Perspective for Fraud Detection and
Prevention by Geographic Region – Percentage Breakdown of Value
Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific,
Latin America, Middle East and Africa Markets for Years 2014,
2023 & 2030

Table 5: World Recent Past, Current & Future Analysis for
Solutions by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific, Latin America, Middle East and Africa
Markets – Independent Analysis of Annual Revenues in US$
Million for Years 2022 through 2030 and % CAGR

Table 6: World Historic Review for Solutions by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America, Middle East and Africa Markets – Independent Analysis
of Annual Revenues in US$ Million for Years 2014 through 2021
and % CAGR

Table 7: World 16-Year Perspective for Solutions by Geographic
Region – Percentage Breakdown of Value Revenues for USA,
Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2014, 2023 & 2030

Table 8: World Recent Past, Current & Future Analysis for
Services by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific, Latin America, Middle East and Africa
Markets – Independent Analysis of Annual Revenues in US$
Million for Years 2022 through 2030 and % CAGR

Table 9: World Historic Review for Services by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America, Middle East and Africa Markets – Independent Analysis
of Annual Revenues in US$ Million for Years 2014 through 2021
and % CAGR

Table 10: World 16-Year Perspective for Services by Geographic
Region – Percentage Breakdown of Value Revenues for USA,
Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2014, 2023 & 2030

Table 11: World Recent Past, Current & Future Analysis for
Payment Frauds by Geographic Region – USA, Canada, Japan,
China, Europe, Asia-Pacific, Latin America, Middle East and
Africa Markets – Independent Analysis of Annual Revenues in US$
Million for Years 2022 through 2030 and % CAGR

Table 12: World Historic Review for Payment Frauds by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Revenues in US$ Million for
Years 2014 through 2021 and % CAGR

Table 13: World 16-Year Perspective for Payment Frauds by
Geographic Region – Percentage Breakdown of Value Revenues for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2014, 2023 & 2030

Table 14: World Recent Past, Current & Future Analysis for
Money Laundering by Geographic Region – USA, Canada, Japan,
China, Europe, Asia-Pacific, Latin America, Middle East and
Africa Markets – Independent Analysis of Annual Revenues in US$
Million for Years 2022 through 2030 and % CAGR

Table 15: World Historic Review for Money Laundering by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Revenues in US$ Million for
Years 2014 through 2021 and % CAGR

Table 16: World 16-Year Perspective for Money Laundering by
Geographic Region – Percentage Breakdown of Value Revenues for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2014, 2023 & 2030

Table 17: World Recent Past, Current & Future Analysis for
Identity Theft by Geographic Region – USA, Canada, Japan,
China, Europe, Asia-Pacific, Latin America, Middle East and
Africa Markets – Independent Analysis of Annual Revenues in US$
Million for Years 2022 through 2030 and % CAGR

Table 18: World Historic Review for Identity Theft by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Revenues in US$ Million for
Years 2014 through 2021 and % CAGR

Table 19: World 16-Year Perspective for Identity Theft by
Geographic Region – Percentage Breakdown of Value Revenues for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2014, 2023 & 2030

Table 20: World Recent Past, Current & Future Analysis for
Other Applications by Geographic Region – USA, Canada, Japan,
China, Europe, Asia-Pacific, Latin America, Middle East and
Africa Markets – Independent Analysis of Annual Revenues in US$
Million for Years 2022 through 2030 and % CAGR

Table 21: World Historic Review for Other Applications by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Revenues in US$ Million for
Years 2014 through 2021 and % CAGR

Table 22: World 16-Year Perspective for Other Applications by
Geographic Region – Percentage Breakdown of Value Revenues for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2014, 2023 & 2030

Table 23: World Recent Past, Current & Future Analysis for BFSI
by Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Revenues in US$ Million for
Years 2022 through 2030 and % CAGR

Table 24: World Historic Review for BFSI by Geographic Region –
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa Markets – Independent Analysis of Annual
Revenues in US$ Million for Years 2014 through 2021 and % CAGR

Table 25: World 16-Year Perspective for BFSI by Geographic
Region – Percentage Breakdown of Value Revenues for USA,
Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2014, 2023 & 2030

Table 26: World Recent Past, Current & Future Analysis for
Retail & eCommerce by Geographic Region – USA, Canada, Japan,
China, Europe, Asia-Pacific, Latin America, Middle East and
Africa Markets – Independent Analysis of Annual Revenues in US$
Million for Years 2022 through 2030 and % CAGR

Table 27: World Historic Review for Retail & eCommerce by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Revenues in US$ Million for
Years 2014 through 2021 and % CAGR

Table 28: World 16-Year Perspective for Retail & eCommerce by
Geographic Region – Percentage Breakdown of Value Revenues for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2014, 2023 & 2030

Table 29: World Recent Past, Current & Future Analysis for IT &
Telecom by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific, Latin America, Middle East and Africa
Markets – Independent Analysis of Annual Revenues in US$
Million for Years 2022 through 2030 and % CAGR

Table 30: World Historic Review for IT & Telecom by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America, Middle East and Africa Markets – Independent Analysis
of Annual Revenues in US$ Million for Years 2014 through 2021
and % CAGR

Table 31: World 16-Year Perspective for IT & Telecom by
Geographic Region – Percentage Breakdown of Value Revenues for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2014, 2023 & 2030

Table 32: World Recent Past, Current & Future Analysis for
Government & Defense by Geographic Region – USA, Canada, Japan,
China, Europe, Asia-Pacific, Latin America, Middle East and
Africa Markets – Independent Analysis of Annual Revenues in US$
Million for Years 2022 through 2030 and % CAGR

Table 33: World Historic Review for Government & Defense by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Revenues in US$ Million for
Years 2014 through 2021 and % CAGR

Table 34: World 16-Year Perspective for Government & Defense by
Geographic Region – Percentage Breakdown of Value Revenues for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2014, 2023 & 2030

Table 35: World Recent Past, Current & Future Analysis for
Healthcare by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific, Latin America, Middle East and Africa
Markets – Independent Analysis of Annual Revenues in US$
Million for Years 2022 through 2030 and % CAGR

Table 36: World Historic Review for Healthcare by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America, Middle East and Africa Markets – Independent Analysis
of Annual Revenues in US$ Million for Years 2014 through 2021
and % CAGR

Table 37: World 16-Year Perspective for Healthcare by
Geographic Region – Percentage Breakdown of Value Revenues for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2014, 2023 & 2030

Table 38: World Recent Past, Current & Future Analysis for
Industrial & Manufacturing by Geographic Region – USA, Canada,
Japan, China, Europe, Asia-Pacific, Latin America, Middle East
and Africa Markets – Independent Analysis of Annual Revenues in
US$ Million for Years 2022 through 2030 and % CAGR

Table 39: World Historic Review for Industrial & Manufacturing
by Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Revenues in US$ Million for
Years 2014 through 2021 and % CAGR

Table 40: World 16-Year Perspective for Industrial &
Manufacturing by Geographic Region – Percentage Breakdown of
Value Revenues for USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa for Years
2014, 2023 & 2030

Table 41: World Recent Past, Current & Future Analysis for
Other Verticals by Geographic Region – USA, Canada, Japan,
China, Europe, Asia-Pacific, Latin America, Middle East and
Africa Markets – Independent Analysis of Annual Revenues in US$
Million for Years 2022 through 2030 and % CAGR

Table 42: World Historic Review for Other Verticals by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Revenues in US$ Million for
Years 2014 through 2021 and % CAGR

Table 43: World 16-Year Perspective for Other Verticals by
Geographic Region – Percentage Breakdown of Value Revenues for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2014, 2023 & 2030

III. MARKET ANALYSIS

UNITED STATES
Fraud Detection and Prevention Market Presence – Strong/Active/
Niche/Trivial – Key Competitors in the United States for 2023
(E)
Table 44: USA Recent Past, Current & Future Analysis for Fraud
Detection and Prevention by Component – Solutions and Services –
Independent Analysis of Annual Revenues in US$ Million for
the Years 2022 through 2030 and % CAGR

Table 45: USA Historic Review for Fraud Detection and
Prevention by Component – Solutions and Services Markets –
Independent Analysis of Annual Revenues in US$ Million for
Years 2014 through 2021 and % CAGR

Table 46: USA 16-Year Perspective for Fraud Detection and
Prevention by Component – Percentage Breakdown of Value
Revenues for Solutions and Services for the Years 2014, 2023 &
2030

Table 47: USA Recent Past, Current & Future Analysis for Fraud
Detection and Prevention by Application – Payment Frauds, Money
Laundering, Identity Theft and Other Applications – Independent
Analysis of Annual Revenues in US$ Million for the Years 2022
through 2030 and % CAGR

Table 48: USA Historic Review for Fraud Detection and
Prevention by Application – Payment Frauds, Money Laundering,
Identity Theft and Other Applications Markets – Independent
Analysis of Annual Revenues in US$ Million for Years 2014
through 2021 and % CAGR

Table 49: USA 16-Year Perspective for Fraud Detection and
Prevention by Application – Percentage Breakdown of Value
Revenues for Payment Frauds, Money Laundering, Identity Theft
and Other Applications for the Years 2014, 2023 & 2030

Table 50: USA Recent Past, Current & Future Analysis for Fraud
Detection and Prevention by Vertical – BFSI, Retail &
eCommerce, IT & Telecom, Government & Defense, Healthcare,
Industrial & Manufacturing and Other Verticals – Independent
Analysis of Annual Revenues in US$ Million for the Years 2022
through 2030 and % CAGR

Table 51: USA Historic Review for Fraud Detection and
Prevention by Vertical – BFSI, Retail & eCommerce, IT &
Telecom, Government & Defense, Healthcare, Industrial &
Manufacturing and Other Verticals Markets – Independent
Analysis of Annual Revenues in US$ Million for Years 2014
through 2021 and % CAGR

Table 52: USA 16-Year Perspective for Fraud Detection and
Prevention by Vertical – Percentage Breakdown of Value Revenues
for BFSI, Retail & eCommerce, IT & Telecom, Government &
Defense, Healthcare, Industrial & Manufacturing and Other
Verticals for the Years 2014, 2023 & 2030

CANADA
Fraud Detection and Prevention Market Presence – Strong/Active/
Niche/Trivial – Key Competitors in Canada for 2022 (E)
Table 53: Canada Recent Past, Current & Future Analysis for
Fraud Detection and Prevention by Component – Solutions and
Services – Independent Analysis of Annual Revenues in US$
Million for the Years 2022 through 2030 and % CAGR

Table 54: Canada Historic Review for Fraud Detection and
Prevention by Component – Solutions and Services Markets –
Independent Analysis of Annual Revenues in US$ Million for
Years 2014 through 2021 and % CAGR

Table 55: Canada 16-Year Perspective for Fraud Detection and
Prevention by Component – Percentage Breakdown of Value
Revenues for Solutions and Services for the Years 2014, 2023 &
2030

Table 56: Canada Recent Past, Current & Future Analysis for
Fraud Detection and Prevention by Application – Payment Frauds,
Money Laundering, Identity Theft and Other Applications –
Independent Analysis of Annual Revenues in US$ Million for the
Years 2022 through 2030 and % CAGR

Table 57: Canada Historic Review for Fraud Detection and
Prevention by Application – Payment Frauds, Money Laundering,
Identity Theft and Other Applications Markets – Independent
Analysis of Annual Revenues in US$ Million for Years 2014
through 2021 and % CAGR

Table 58: Canada 16-Year Perspective for Fraud Detection and
Prevention by Application – Percentage Breakdown of Value
Revenues for Payment Frauds, Money Laundering, Identity Theft
and Other Applications for the Years 2014, 2023 & 2030

Table 59: Canada Recent Past, Current & Future Analysis for
Fraud Detection and Prevention by Vertical – BFSI, Retail &
eCommerce, IT & Telecom, Government & Defense, Healthcare,
Industrial & Manufacturing and Other Verticals – Independent
Analysis of Annual Revenues in US$ Million for the Years 2022
through 2030 and % CAGR

Table 60: Canada Historic Review for Fraud Detection and
Prevention by Vertical – BFSI, Retail & eCommerce, IT &
Telecom, Government & Defense, Healthcare, Industrial &
Manufacturing and Other Verticals Markets – Independent
Analysis of Annual Revenues in US$ Million for Years 2014
through 2021 and % CAGR

Table 61: Canada 16-Year Perspective for Fraud Detection and
Prevention by Vertical – Percentage Breakdown of Value Revenues
for BFSI, Retail & eCommerce, IT & Telecom, Government &
Defense, Healthcare, Industrial & Manufacturing and Other
Verticals for the Years 2014, 2023 & 2030

JAPAN
Fraud Detection and Prevention Market Presence – Strong/Active/
Niche/Trivial – Key Competitors in Japan for 2023 (E)
Table 62: Japan Recent Past, Current & Future Analysis for
Fraud Detection and Prevention by Component – Solutions and
Services – Independent Analysis of Annual Revenues in US$
Million for the Years 2022 through 2030 and % CAGR

Table 63: Japan Historic Review for Fraud Detection and
Prevention by Component – Solutions and Services Markets –
Independent Analysis of Annual Revenues in US$ Million for
Years 2014 through 2021 and % CAGR

Table 64: Japan 16-Year Perspective for Fraud Detection and
Prevention by Component – Percentage Breakdown of Value
Revenues for Solutions and Services for the Years 2014, 2023 &
2030

Table 65: Japan Recent Past, Current & Future Analysis for
Fraud Detection and Prevention by Application – Payment Frauds,
Money Laundering, Identity Theft and Other Applications –
Independent Analysis of Annual Revenues in US$ Million for the
Years 2022 through 2030 and % CAGR

Table 66: Japan Historic Review for Fraud Detection and
Prevention by Application – Payment Frauds, Money Laundering,
Identity Theft and Other Applications Markets – Independent
Analysis of Annual Revenues in US$ Million for Years 2014
through 2021 and % CAGR

Table 67: Japan 16-Year Perspective for Fraud Detection and
Prevention by Application – Percentage Breakdown of Value
Revenues for Payment Frauds, Money Laundering, Identity Theft
and Other Applications for the Years 2014, 2023 & 2030

Table 68: Japan Recent Past, Current & Future Analysis for
Fraud Detection and Prevention by Vertical – BFSI, Retail &
eCommerce, IT & Telecom, Government & Defense, Healthcare,
Industrial & Manufacturing and Other Verticals – Independent
Analysis of Annual Revenues in US$ Million for the Years 2022
through 2030 and % CAGR

Table 69: Japan Historic Review for Fraud Detection and
Prevention by Vertical – BFSI, Retail & eCommerce, IT &
Telecom, Government & Defense, Healthcare, Industrial &
Manufacturing and Other Verticals Markets – Independent
Analysis of Annual Revenues in US$ Million for Years 2014
through 2021 and % CAGR

Table 70: Japan 16-Year Perspective for Fraud Detection and
Prevention by Vertical – Percentage Breakdown of Value Revenues
for BFSI, Retail & eCommerce, IT & Telecom, Government &
Defense, Healthcare, Industrial & Manufacturing and Other
Verticals for the Years 2014, 2023 & 2030

CHINA
Table 71: China Recent Past, Current & Future Analysis for
Fraud Detection and Prevention by Component – Solutions and
Services – Independent Analysis of Annual Revenues in US$
Million for the Years 2022 through 2030 and % CAGR

Table 72: China Historic Review for Fraud Detection and
Prevention by Component – Solutions and Services Markets –
Independent Analysis of Annual Revenues in US$ Million for
Years 2014 through 2021 and % CAGR

Table 73: China 16-Year Perspective for Fraud Detection and
Prevention by Component – Percentage Breakdown of Value
Revenues for Solutions and Services for the Years 2014, 2023 &
2030

Table 74: China Recent Past, Current & Future Analysis for
Fraud Detection and Prevention by Application – Payment Frauds,
Money Laundering, Identity Theft and Other Applications –
Independent Analysis of Annual Revenues in US$ Million for the
Years 2022 through 2030 and % CAGR

Table 75: China Historic Review for Fraud Detection and
Prevention by Application – Payment Frauds, Money Laundering,
Identity Theft and Other Applications Markets – Independent
Analysis of Annual Revenues in US$ Million for Years 2014
through 2021 and % CAGR

Table 76: China 16-Year Perspective for Fraud Detection and
Prevention by Application – Percentage Breakdown of Value
Revenues for Payment Frauds, Money Laundering, Identity Theft
and Other Applications for the Years 2014, 2023 & 2030

Table 77: China Recent Past, Current & Future Analysis for
Fraud Detection and Prevention by Vertical – BFSI, Retail &
eCommerce, IT & Telecom, Government & Defense, Healthcare,
Industrial & Manufacturing and Other Verticals – Independent
Analysis of Annual Revenues in US$ Million for the Years 2022
through 2030 and % CAGR

Table 78: China Historic Review for Fraud Detection and
Prevention by Vertical – BFSI, Retail & eCommerce, IT &
Telecom, Government & Defense, Healthcare, Industrial &
Manufacturing and Other Verticals Markets – Independent
Analysis of Annual Revenues in US$ Million for Years 2014
through 2021 and % CAGR

Table 79: China 16-Year Perspective for Fraud Detection and
Prevention by Vertical – Percentage Breakdown of Value Revenues
for BFSI, Retail & eCommerce, IT & Telecom, Government &
Defense, Healthcare, Industrial & Manufacturing and Other
Verticals for the Years 2014, 2023 & 2030

EUROPE
Fraud Detection and Prevention Market Presence – Strong/Active/
Niche/Trivial – Key Competitors in Europe for 2023 (E)
Table 80: Europe Recent Past, Current & Future Analysis for
Fraud Detection and Prevention by Geographic Region – France,
Germany, Italy, UK, Spain, Russia and Rest of Europe Markets –
Independent Analysis of Annual Revenues in US$ Million for
Years 2022 through 2030 and % CAGR

Table 81: Europe Historic Review for Fraud Detection and
Prevention by Geographic Region – France, Germany, Italy, UK,
Spain, Russia and Rest of Europe Markets – Independent Analysis
of Annual Revenues in US$ Million for Years 2014 through 2021
and % CAGR

Table 82: Europe 16-Year Perspective for Fraud Detection and
Prevention by Geographic Region – Percentage Breakdown of Value
Revenues for France, Germany, Italy, UK, Spain, Russia and Rest
of Europe Markets for Years 2014, 2023 & 2030

Table 83: Europe Recent Past, Current & Future Analysis for
Fraud Detection and Prevention by Component – Solutions and
Services – Independent Analysis of Annual Revenues in US$
Million for the Years 2022 through 2030 and % CAGR

Table 84: Europe Historic Review for Fraud Detection and
Prevention by Component – Solutions and Services Markets –
Independent Analysis of Annual Revenues in US$ Million for
Years 2014 through 2021 and % CAGR

Table 85: Europe 16-Year Perspective for Fraud Detection and
Prevention by Component – Percentage Breakdown of Value
Revenues for Solutions and Services for the Years 2014, 2023 &
2030

Table 86: Europe Recent Past, Current & Future Analysis for
Fraud Detection and Prevention by Application – Payment Frauds,
Money Laundering, Identity Theft and Other Applications –
Independent Analysis of Annual Revenues in US$ Million for the
Years 2022 through 2030 and % CAGR

Table 87: Europe Historic Review for Fraud Detection and
Prevention by Application – Payment Frauds, Money Laundering,
Identity Theft and Other Applications Markets – Independent
Analysis of Annual Revenues in US$ Million for Years 2014
through 2021 and % CAGR

Table 88: Europe 16-Year Perspective for Fraud Detection and
Prevention by Application – Percentage Breakdown of Value
Revenues for Payment Frauds, Money Laundering, Identity Theft
and Other Applications for the Years 2014, 2023 & 2030

Table 89: Europe Recent Past, Current & Future Analysis for
Fraud Detection and Prevention by Vertical – BFSI, Retail &
eCommerce, IT & Telecom, Government & Defense, Healthcare,
Industrial & Manufacturing and Other Verticals – Independent
Analysis of Annual Revenues in US$ Million for the Years 2022
through 2030 and % CAGR

Table 90: Europe Historic Review for Fraud Detection and
Prevention by Vertical – BFSI, Retail & eCommerce, IT &
Telecom, Government & Defense, Healthcare, Industrial &
Manufacturing and Other Verticals Markets – Independent
Analysis of Annual Revenues in US$ Million for Years 2014
through 2021 and % CAGR

Table 91: Europe 16-Year Perspective for Fraud Detection and
Prevention by Vertical – Percentage Breakdown of Value Revenues
for BFSI, Retail & eCommerce, IT & Telecom, Government &
Defense, Healthcare, Industrial & Manufacturing and Other
Verticals for the Years 2014, 2023 & 2030

FRANCE
Table 92: France Recent Past, Current & Future Analysis for
Fraud Detection and Prevention by Component – Solutions and
Services – Independent Analysis of Annual Revenues in US$
Million for the Years 2022 through 2030 and % CAGR

Table 93: France Historic Review for Fraud Detection and
Prevention by Component – Solutions and Services Markets –
Independent Analysis of Annual Revenues in US$ Million for
Years 2014 through 2021 and % CAGR

Table 94: France 16-Year Perspective for Fraud Detection and
Prevention by Component – Percentage Breakdown of Value
Revenues for Solutions and Services for the Years 2014, 2023 &
2030

Table 95: France Recent Past, Current & Future Analysis for
Fraud Detection and Prevention by Application – Payment Frauds,
Money Laundering, Identity Theft and Other Applications –
Independent Analysis of Annual Revenues in US$ Million for the
Years 2022 through 2030 and % CAGR

Table 96: France Historic Review for Fraud Detection and
Prevention by Application – Payment Frauds, Money Laundering,
Identity Theft and Other Applications Markets – Independent
Analysis of Annual Revenues in US$ Million for Years 2014
through 2021 and % CAGR

Table 97: France 16-Year Perspective for Fraud Detection and
Prevention by Application – Percentage Breakdown of Value
Revenues for Payment Frauds, Money Laundering, Identity Theft
and Other Applications for the Years 2014, 2023 & 2030

Table 98: France Recent Past, Current & Future Analysis for
Fraud Detection and Prevention by Vertical – BFSI, Retail &
eCommerce, IT & Telecom, Government & Defense, Healthcare,
Industrial & Manufacturing and Other Verticals – Independent
Analysis of Annual Revenues in US$ Million for the Years 2022
through 2030 and % CAGR

Table 99: France Historic Review for Fraud Detection and
Prevention by Vertical – BFSI, Retail & eCommerce, IT &
Telecom, Government & Defense, Healthcare, Industrial &
Manufacturing and Other Verticals Markets – Independent
Analysis of Annual Revenues in US$ Million for Years 2014
through 2021 and % CAGR

Table 100: France 16-Year Perspective for Fraud Detection and
Prevention by Vertical – Percentage Breakdown of Value Revenues

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Artificial Intelligence

More than $9 Million Awarded to High School Scientists and Engineers at the Regeneron International Science and Engineering Fair 2024

Published

2 days ago

May 17, 2024

CISION (PR Newswire)

more-than-$9-million-awarded-to-high-school-scientists-and-engineers-at-the-regeneron-international-science-and-engineering-fair-2024

Grace Sun, 16, receives $75,000 Top Award for a new kind of organic electrochemical transistor at the world’s largest pre-college science, technology, engineering and math (STEM) competition.
TARRYTOWN, N.Y. and WASHINGTON, May 17, 2024 /PRNewswire/ — Regeneron Pharmaceuticals, Inc. (NASDAQ: REGN) and Society for Science (the Society) announced that Grace Sun, 16, of Lexington, Kentucky, won the $75,000 top award, the George D. Yancopoulos Innovator Award, named in honor of the pioneering drug researcher and Regeneron co-Founder, Board co-Chair, President and Chief Scientific Officer, in the 2024 Regeneron International Science and Engineering Fair (Regeneron ISEF), the world’s largest pre-college science and engineering competition. Other top prizes went to projects in second-order cone programming, microplastics filtration and multi-sensory therapy for dementia.

The top winners were honored during two award ceremonies: the Special Awards on May 16 and the Grand Awards Ceremony on the morning of May 17. In total, over $9 million USD was awarded to the finalists based on their projects’ creativity, innovation and depth of scientific inquiry. The competition featured nearly 2,000 young scientists representing 49 U.S. states and nearly 70 countries, regions and territories across the world.
Grace Sun, 16, of Lexington, Kentucky, won first place and received the $75,000 George D. Yancopoulos Innovator Award for her research on building a better organic electrochemical transistor that she hopes will be used to develop new electronic devices that could help detect and treat serious illnesses like diabetes, epilepsy and organ failure. To overcome the problems that have previously prevented such devices from working effectively inside the body, Grace developed a new way of chemically treating their organic components, which greatly improved their laboratory performance.
Michelle Wei, 17, of San Jose, California, received one of two Regeneron Young Scientist Awards of $50,000 for her research to improve the speed and efficiency of a type of software that is useful in many fields such as machine learning, transportation and financial systems. Michelle’s new approach involved determining a quick approximate solution to the second-order cone programming problem, then splitting the initial cone into smaller cones, which enabled her new algorithm to greatly outperform previous approaches.
Krish Pai, 17, of Del Mar, California, received the second Regeneron Young Scientist Award of $50,000 for his machine-learning research to identify microbial genetic sequences that can be modified to biodegrade plastic. His new software, called Microby, scans databases of microorganisms and determines which ones can be changed genetically to biodegrade plastics. In tests, he identified two microorganisms that can be genetically modified to degrade plastic at a cost he believes would be ten times less than traditional recycling.
“Congratulations to the Regeneron International Science and Engineering Fair 2024 winners,” said Maya Ajmera, President and CEO, Society for Science and Executive Publisher, Science News. “I’m truly inspired by the ingenuity and determination shown by these remarkable students. Coming from around the world with diverse backgrounds and academic disciplines, these students have shown that it is possible to come together in unity to tackle some of the toughest challenges facing our world today, and I could not be prouder.”
Regeneron ISEF provides a global stage for the world’s best and brightest young scientists and engineers. Through this competition, Regeneron and the Society are fostering the next generation of STEM leaders who are pioneering solutions to improve our world. Since 2020, Regeneron has provided STEM experiences to approximately 2.4 million students, on track to meet its goal of 2.5 million by 2025.
“The talent, intelligence and potential of this year’s Regeneron ISEF finalists is truly inspiring, and I congratulate each on their remarkable achievements,” said George D. Yancopoulos, M.D., Ph.D., co-Founder, Board co-Chair, President and Chief Scientific Officer of Regeneron. “Science competitions like ISEF were pivotal in shaping my own career and fueling my passion to fight back against disease. I look forward to seeing these students continue to push the boundaries of science and technology to create positive and sustainable change for all humanity.”
Other top honors from the competition include:
Justin Huang and Victoria Ou, both 17, of Woodlands, Texas, received the Gordon E. Moore Award for Positive Outcomes for Future Generations of $50,000 for their new prototype filtration system that uses ultrasonic waves to remove microscopic plastic particles from water. In lab tests, the acoustic force from the high-frequency sound waves removed between 84% and 94% of the suspended microplastic particles in a single pass. The students are now working to scale up and fine-tune their experimental system.
Ingrid Wai Hin Chan, 17, of Hong Kong, China received the Craig R. Barrett Award for Innovation of $10,000 for her research on using a multi-sensory therapy for dementia patients. Her mixed therapy app would allow patients to practice physical and cognitive skills through a personalized, immersive environment using virtual reality headsets. Ingrid conducted an eight-week study with six people living with dementia and found that the cognitive function of patients who used her prototype improved in several areas. She believes her app could serve as a viable option for dementia patients with limited access to in-person professional therapy.
Tanishka Balaji Aglave, 15, of Valrico, Florida, received the H. Robert Horvitz Prize for Fundamental Research of $10,000 for her investigation into a natural alternative treatment against citrus greening, a disease that threatens citrus farming in many parts of the world and is currently only treated with antibiotics. Tanishka injected the trunks of infected trees with an extract from the curry leaf tree, and found through tests that this potential method could effectively and sustainably manage citrus greening disease.
Maddux Alexander Springer, 18, of Honolulu, Hawaii, received the Peggy Scripps Award for Science Communication of $10,000 for his research into fibropapillomatosis (FP), a disease that is the primary cause of death in green sea turtles. Some turtles he studied in Kaneohe Bay, Hawaii, were stricken with a disease that causes internal and external tumors that inhibit their everyday lives. After analyzing the turtles’ diet of green algae, Maddux concluded that this disease, wastewater, invasive algae and the amino acid arginine all pose a grave risk to these endangered sea creatures.
Ria Kamat, 17, of Hackensack, New Jersey; Anna Oliva, 17, of Houston, TX; and Shuhan Luo, 18, of Worcester, MA, received the Dudley R. Herschbach SIYSS Award, which provides finalists an all-expense paid trip to attend the Stockholm International Youth Science Seminar during Nobel Week in Stockholm, Sweden.
Jack Shannon, 18, of Clane, Kildare, Ireland, and Nikhil Vemuri, 17, of Cary, North Carolina, received the EU Contest for Young Scientists Award. Their projects will represent Regeneron ISEF at the EU Contest for Young Scientists to be held this September in Katowice, Poland.
For more information about the top winners and access to visual assets visit: https://www.societyforscience.org/isef-2024-media-kit.
The full list of Special Award ISEF 2024 Finalists can be found at https://www.societyforscience.org/press-release/regeneron-isef-2024-special-awards-winners.
In addition to the Top Award winners, more than 450 finalists received awards and prizes for their innovative research, including “First Award” winners, who each received a $5,000 prize.
The following lists the First Award winners for each of the 22 categories, from which the Top Awards were chosen:
Animal Sciences, sponsored by Society for ScienceMaddux Alexander Springer, Honolulu, Hawaii
Behavioral and Social Sciences, sponsored by Society for ScienceAndrew Y. Liang, San Jose, California
Biochemistry, sponsored by RegeneronAmy Hong Xiao, Garden City, New York
Biomedical and Health Sciences, sponsored by RegeneronRia Kamat, Hackensack, New Jersey; Kevin Xuan Lei, Shanghai, China
Biomedical Engineering, sponsored by Alfred E. Mann CharitiesAyush Garg, Dublin, California; Divij Motwani, Palo Alto, California; Akash Ashish Pai, Portland, Oregon
Cellular and Molecular Biology, sponsored by RegeneronLara and Maya Sarah Hammoud, Beverly Hills, Michigan
Chemistry, sponsored by Society for ScienceAkilan Sankaran, Albuquerque, New Mexico; Arjun Suresh Malpani and Siddharth Daniel D’costa, Portland, Oregon
Computational Biology and Bioinformatics, sponsored by RegeneronKun-Hyung Roh, Bronx, New York
Earth and Environmental Sciences, sponsored by Google.orgNikhil Vemuri, Durham, North Carolina; Justin Yizhou Huang and Victoria Ou, The Woodlands, Texas
Embedded Systems, sponsored by HPChloe Rae and Sophie Rose Filion, Welland, Ontario, Canada
Energy: Sustainable Materials and Design, sponsored by Siemens EnergyAlia Wahban, Hamilton, Ontario, Canada
Engineering Technology: Statics and Dynamics, sponsored by Howmet Aerospace FoundationChiyo Nakatsuji, Bunkyoku, Tokyo, Japan; Kevin Shen, Olympia, Washington
Environmental Engineering, sponsored by JacobsKrish Pai, San Diego, California; Jack Shannon, Clane, Kildare, Ireland
Materials Science, sponsored by Howmet Aerospace FoundationGrace Sun, Lexington, Kentucky
Mathematics, sponsored by Akamai FoundationAnna Oliva, Houston, Texas
Microbiology, sponsored by Schattner FoundationMatthew Chang, Irvine, California
Physics and Astronomy, sponsored by Richard F. Caris Charitable Trust IIHarini Thiagarajan and Vishal Ranganath Yalla, Bothell, Washington; Shuhan Luo, Worcester, Massachusetts
Plant Sciences, sponsored by Society for SciencePauline Estrada, Fresno, California; Tanishka Balaji Aglave, Dover, Florida
Robotics and Intelligent Machines, sponsored by RegeneronMichal Lajciak, Dubnica nad Vahom, Trenciansky kraj, Slovakia; Anthony Efthimiadis, Oakville, Ontario, Canada
Systems Software, sponsored by MicrosoftMichelle Wei, San Jose, California
Technology Enhances the Arts, sponsored by Society for ScienceAnant Khandelwal, Sritan Motati and Siddhant Sood, Alexandria, Virginia
Translational Medical Science, sponsored by RegeneronZheng-Chi Lee, West Lafayette, Indiana; Ingrid Wai Hin Chan, Hong Kong, China
The full list of all award-winning ISEF 2024 finalists is available here: https://www.societyforscience.org/press-release/regeneron-isef-2024-full-awards.
View all the finalists’ research here: https://projectboard.world/isef.
About the Regeneron International Science and Engineering FairThe Regeneron International Science and Engineering Fair (Regeneron ISEF), a program of Society for Science for over 70 years, is the world’s largest global science competition for high school students. Through a global network of local, regional and national science fairs, millions of students are encouraged to explore their passion for scientific inquiry. Each spring, a group of these students is selected as finalists and offered the opportunity to compete for approximately U.S. $9 million in awards and scholarships.
In 2019, Regeneron became the title sponsor of ISEF to help reward and celebrate the best and brightest young minds globally and encourage them to pursue careers in STEM to positively impact the world. Regeneron ISEF is supported by a community of additional sponsors, including Akamai Foundation, Alfred E. Mann Charities, Aramco, Caltech, Google.org, Gordon and Betty Moore Foundation, Howmet Aerospace Foundation, HP, , Jacobs, King Abdulaziz & his Companions Foundation for Giftedness and Creativity, Microsoft, National Geographic Society, Richard F. Caris Charitable Trust II, Rise, an initiative of Schmidt Futures and the Rhodes Trust, Schattner Foundation, Siemens Energy, Annenburg Foundation, Ballmer Group, Broadcom Foundation, Cesco Linguistic Services, Conrad N. Hilton Foundation, Edison International, Insaco, Oracle Academy, The Eli and Edythe Broad Foundation, The Ralph M. Parsons Foundation and US Army ROTC. Many are entrepreneurs across a wide range of industries. Learn more at https://www.societyforscience.org/isef/.
About Society for ScienceSociety for Science is a champion for science, dedicated to promoting the understanding and appreciation of science and the vital role it plays in human advancement. Established in 1921, Society for Science is best known for its award-winning journalism through Science News and Science News Explores, its world-class science research competitions for students, including the Regeneron Science Talent Search, the Regeneron International Science and Engineering Fair and the Thermo Fisher Scientific Junior Innovators Challenge, and its outreach and equity programming that seeks to ensure that all students have an opportunity to pursue a career in STEM. A 501(c)(3) membership organization, Society for Science is committed to inform, educate and inspire. Learn more at www.societyforscience.org and follow us on Facebook, Twitter, Instagram and Snapchat (Society4Science).
About RegeneronRegeneron (NASDAQ: REGN) is a leading biotechnology company that invents, develops and commercializes life-transforming medicines for people with serious diseases. Founded and led by physician-scientists, our unique ability to repeatedly and consistently translate science into medicine has led to numerous approved treatments and product candidates in development, most of which were homegrown in our laboratories. Our medicines and pipeline are designed to help patients with eye diseases, allergic and inflammatory diseases, cancer, cardiovascular and metabolic diseases, neurological diseases, hematologic conditions, infectious diseases and rare diseases.
Regeneron believes that operating as a good corporate citizen is crucial to delivering on our mission. We approach corporate responsibility with three goals in mind: to improve the lives of people with serious diseases, to foster a culture of integrity and excellence and to build sustainable communities. Regeneron is proud to be included on the Dow Jones Sustainability World Index and the Civic 50 list of the most “community-minded” companies in the U.S. Throughout the year, Regeneron empowers and supports employees to give back through our volunteering, pro bono and matching gift programs. Our most significant philanthropic commitments are in the area of early science education, including the Regeneron Science Talent Search and the Regeneron International Science and Engineering Fair (ISEF).
For more information, please visit www.Regeneron.com or follow Regeneron on LinkedIn, Instagram, Facebook or X.
More information about the top winners and access to visual assets visit: https://www.societyforscience.org/isef-2024-media-kit.
Media ContactsJoseph Brown, [email protected]
Gayle Kansagor, Society for [email protected]
Photo – https://mma.prnewswire.com/media/2416174/Regeneron_ISEF_2024_Winners_Photo.jpg
Logo – https://mma.prnewswire.com/media/2416197/Society_for_Science_Logo.jpg

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Artificial Intelligence

J.P. Morgan Life Sciences Private Capital, Blue Horizon Advisors and United Al Saqer Announce Winner of Inaugural 2024 Life Sciences Innovation Summit

Published

2 days ago

May 17, 2024

CISION (PR Newswire)

In conjunction with Abu Dhabi Global Healthcare Week 2024
ABU DHABI, UAE, May 17, 2024 /PRNewswire/ — J.P. Morgan Life Sciences Private Capital, Blue Horizon Advisors and United Al Saqer Group announced today Rayees Rahman of Harmonic Discovery as the winner of the inaugural J.P. Morgan Asset Management: Life Sciences Innovation Summit. Harmonic Discovery is a precision pharmacology company applying its generative chemistry platform to advance next-generation kinase inhibitors.

In partnership with the Department of Health – Abu Dhabi (DoH), the Summit took place on May 14-15, 2024 at Cleveland Clinic Abu Dhabi and showcased the 11 innovative finalists, as well as highlighted existing innovators and opportunities in the Emirate of Abu Dhabi. The event also featured keynote speeches from Dr. Laurie Glimcher of Dana-Farber Cancer Institute, Dr. Shahrukh Hashmi of the Department of Health – Abu Dhabi, and Dr. David Ho of Columbia University Medical Center and provided attendees networking opportunities to gain valuable insights into the future of life sciences innovation.
In addition, the jury designated Chun-Hao Huang of Algen Biotechnologies as honourable mention. Algen Biotechnologies is a platform therapeutics and drug discovery company using world-leading CRISPR and AI to find treatments for cancer, inflammation and metabolic diseases.
The winners were selected by an esteemed, international panel of judges, which included:Laurie Glimcher, MD, President and CEO at Dana-Farber Cancer InstituteJorge Guzman, MD, CEO at Cleveland Clinic Abu DhabiProf. Shahrukh Khurshid Hashmi, MD, Director of Research, Department of Health, Abu DhabiYasmine Hayek Kobeissi, PhD, CQF, BSc., Executive Director at Blue Horizon AdvisorsAnya Schiess, Managing Partner at J.P. Morgan Life Sciences Private CapitalWalid Zaher, PhD, Co-Founder and CEO, Carexso
Dr. Asma Al Mannaei, Executive Director of the Research and Innovation Centre at the Department of Health – Abu Dhabi said: “Under the directives of the UAE’s wise leadership, and renowned for its world-leading medical infrastructure, Abu Dhabi stands at the forefront of healthcare excellence, offering an unparalleled opportunity for advancement in healthcare for global partners. It was our utmost pleasure hosting the J.P. Morgan Asset Management Life Sciences Innovation Summit 2024 on the sidelines of Abu Dhabi Global Healthcare Week and we commend the winners for their pioneering efforts in driving impactful advancements in healthcare; their dedication to innovation not only transforms the landscape of medicine, but also holds the promise of improving lives worldwide.”
Stephen Squinto, PhD, Chief Investment Officer, J.P. Morgan Life Sciences Private Capital said: “We are thrilled with the level of biotech passion and innovation that we observed at this year’s Summit in Abu Dhabi. The energy was truly palpable we are thrilled to announce Rayees Rahman as the winner of our first Life Sciences Innovation Summit. Harmonic Discovery’s approach embodies the next generation of drug discovery and development. We appreciate the time and effort of all participants and cannot wait for our next event in the region.”
Nabil Kobeissi, Chief Executive Officer of Blue Horizon Advisors, said: “As the main sponsor, we are committed to nurturing and fostering the growth of all 11 finalists in this vibrant biotech ecosystem. This Summit marks the beginning of a transformative journey, and we are confident that it will pave the way for a flourishing hub in the region. We are also pleased to announce that we will commit to invest in and partner with the winner, Harmonic Discovery, to support its future growth in the region.”
Sponsors for the event included J.P. Morgan Life Sciences Private Capital, J.P. Morgan Commercial Bank, Blue Horizon Advisors, United Al Saqer Group, Thermo Fisher Scientific, and Salam Capital. The Summit organisation, logistics and finalist recruitment were facilitated by Lyfebulb.
Of importance, at the Summit, Mr. Mohamed Al Breiki, Executive Director of Sustainable Development at Masdar City, announced that Masdar City Free Zone would award all 11 Finalists complimentary business licenses to further support their establishment in the region. Masdar City is one of the world’s most sustainable urban developments and innovation hubs with a growing focus on life science entrepreneurship in Abu Dhabi.

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Artificial Intelligence

Congregating in the Lion City for a Win-Win Future of Intelligent Computing at the Global Data Center Facility Summit 2024

Published

2 days ago

May 17, 2024

CISION (PR Newswire)

congregating-in-the-lion-city-for-a-win-win-future-of-intelligent-computing-at-the-global-data-center-facility-summit-2024

SINGAPORE, May 17, 2024 /PRNewswire/ — On May 17, 2024, the Global Data Center Facility Summit 2024 was held in Singapore with the theme of “Power the Digital Era Forward.” At the summit, over 600 data center industry leaders, technical experts, and ecosystem partners gathered to discuss new trends and opportunities of the global data center industry in the intelligent computing era. The attendees also got to experience all-scenario, all-ecosystem, and all-service end-to-end (E2E) solutions, share innovative practices of green data centers in the Asia Pacific and Europe, and experience the exhibition vehicle to unveil the mystery of Outdoor PowerPOD that features one power system per container. By fully embracing the intelligent computing era, Huawei strives to power the digital era forward.

Seizing Opportunities Brought by AI and Jointly Building Green & Reliable Computing Infrastructure
At the opening speech, Charles Yang, Senior Vice President of Huawei and President of Marketing, Sales and Services, Huawei Digital Power, noted that since ChatGPT ushered in the AI era, large models keep pushing the limits of computing power and the intelligent computing industry is witnessing an unprecedented construction boom. As predicted, 100 GW will be added to the global data center installed capacity and the market value will exceed US$600 billion in the next five years.
According to Charles, with opportunities come challenges. The primary challenge concerning the data center industry is reliability and electricity. Data centers are scaling up from the MW-level to the GW-level. E2E reliability of data centers is becoming even more important than ever. In response to the opportunities, Huawei will work with customers and partners to expand the industry space.
Steering Data Centers to the AI Era with Product + Service + Ecosystem
During the summit, Sun Xiaofeng, President of Huawei Data Center Facility & Critical Power Business, delivered a speech titled “Power the Digital Era Forward. ” He stated that as AI large models are penetrating, the surging compute demands drive the expansive growth in data center.
To address the challenges, Huawei strives to build product + service + ecosystem E2E data center solutions that feature fast deployment, flexible cooling, green energy, and ultimate reliability.
Fast deployment: Data centers are fully modularized and prefabricated to ensure high quality and efficient construction.Flexible cooling: Air-liquid fusion and integrated cooling source emerges as the optimal cooling architecture for intelligent computing.Green energy: New generation-grid-load-storage integrated solution is built to ensure the sound operations of intelligent computing centers.Ultimate reliability: Data centers are safeguarded through reliable products and preventive protection.Currently, Huawei’s global service network covers more than 170 countries with over 1800 professional engineers, providing 24/7 technical support. With N+ flagship service centers, Huawei has built a one-hour service radius for its customers.
The ecosystem is a key part for a win-win future of intelligent computing. Huawei works with partners to develop comprehensive E2E solutions and provide customers with one-stop data center services.
During the summit, Huawei and the ASEAN Centre for Energy released a white paper on “Building Next Generation Data Center Facility in ASEAN.” The document provides insights into the status quo, challenges, and trends of data centers in the ASEAN region, and emphasizes that efficient and energy-saving products and solutions should be applied. It also proposes future-oriented policy recommendations for data center markets.
In the ecosystem exhibition area, Huawei showcased scenario-based solutions for large-, medium-, and small-sized data centers, and demonstrated data center consulting, design, integrated development, and delivery capabilities with dozens of ecosystem partners including CIMC, Weichai, CSCEC, and Huashi.
On a special note, the Huawei Outdoor PowerPOD exhibition vehicle made its global debut. The Huawei Outdoor PowerPOD features one power system per container, outdoor deployment, plug-and-play, and high protection rating and reliability. It has become the preferred choice for decoupling the power supply architecture.
A single tree cannot make a forest.
AI is presenting great opportunities. By delving into the industry, aggregating partner ecosystems, and making innovations applicable to transformations, Huawei will continue to help customers build reliable computing infrastructure, accelerating the industry to embrace AI and powering the digital era forward.
Photo – https://mma.prnewswire.com/media/2415818/Global_Data_Center_Facility_Summit_2024.jpg

View original content:https://www.prnewswire.co.uk/news-releases/congregating-in-the-lion-city-for-a-win-win-future-of-intelligent-computing-at-the-global-data-center-facility-summit-2024-302148973.html