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BYND Cannasoft CEO Delivers Update Amidst Promising Milestones

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ASHKELON, Israel and VANCOUVER, British Columbia, Aug. 03, 2023 (GLOBE NEWSWIRE) — BYND Cannasoft Enterprises Inc. (Nasdaq: BCAN) (CSE: BYND) (“BYND Cannasoft” or the “Company”) today announced that Yftah Ben Yaackov, Chief Executive Officer and Director, shared a comprehensive update on the Company’s progress, highlighting significant recent milestones and unveiling promising prospects for the future.

Since acquiring Zigi Carmel Initiatives & Investments LTD., BYND Cannasoft has been planning the development of three products for the sexual wellness market, including our A.I.-based EZ-G device, an A.I.-based smart treatment device for men, and an A.I.-based smart treatment device for women.

Our EZ-G device can potentially treat specific issues in the female reproductive system and incorporates technological advancements as a sex toy, providing a more realistic experience. The EZ-G device prototype, equipped with sensors such as pressure, temperature, conductivity, and heart rate sensors, aims to identify specific factors that enhance users’ pleasure. Through AI, the device transmits and receives data from these sensors, capturing information about the condition of the sexual organs, including moisture levels and muscle contractions’ pressure variations. The male treatment device utilizes artificial intelligence and machine learning algorithms to control its operational parameters based on the user’s physiological parameters. The user, or a partner, can control the device with a smartphone app. Data collected by the device’s sensors can be uploaded to the cloud, where user preferences will be stored to create a customized experience. Our smart female treatment device is an AI-based device for external use capable of treating certain phenomena in female sexual organs.

In a July 25, 2023 press release, we announced several milestones that we intend to achieve on the development of our groundbreaking EZ-G device during the second half of 2023.

Securing Intellectual Property Rights:

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To protect our innovations and maintain our competitive edge, BYND Cannasoft subsidiary Zigi Carmel Initiatives & Investments LTD has filed multiple patents related to our AI technology to protect the IP owned by the company. These patents include:

  • US Provisional Patent Application number 63450503 covering its smart female treatment device’s mechanical structure, operation, and controlling aspects.
  • US Provisional Patent Application with serial number 63/297,009 covering its EZ-G device’s monitoring and controlling aspects.
  • A PCT application number PCT/IL2023/050016 based on BYND Cannasoft’s prototype of the EZ-G device currently being developed and its operational aspects as a learning adult device. The PCT application claims priority from the US Provisional application and covers an adult device with a structure and one or more moving and vibrating elements.
  • A patent application with the World Intellectual Property Office, also known as WIPO. The patent application for our AI-based EZ-G device is listed as Publication Number WO/2023/13195. It relates explicitly to adult toys utilizing one or more sensors for controllable operation and liquid administering mechanism.

Completion of Laboratory Testing Phase for EZ-G Device Optimization:

BYND Cannasoft recently celebrated the successful completion of the laboratory testing phase of our groundbreaking project, the EZ-G device. As mentioned in our press release dated July 10, 2023, the laboratory testing phase aimed to optimize the various sensors in this innovative device. Completing this project phase within a remarkably efficient timeline showcases the company’s dedication to innovation and technological prowess.

Expanding Global Reach:

BYND Cannasoft has been working diligently to establish a strong international presence. We recently announced that we have successfully closed a firm commitment underwritten public offering with gross proceeds to the company of approximately $2.6 million before deducting underwriting discounts and other estimated expenses payable by the company. The base offering consisted of 1,733,334 common shares at a price to the public of $1.50 per share. We intend to use the net proceeds from this offering primarily for product design and manufacturing, sales and marketing campaigns, patent prosecution, and working capital. This funding milestone reflects the market’s confidence in our technology and its potential, and it will enable us to accelerate our efforts to deliver cutting-edge solutions to consumers across the globe.

Israeli Ministry of Health License:

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BYND Cannasoft received a license to engage in medical cannabis without direct contact with the substance from the Medical Cannabis Unit at the Ministry of Health of the State of Israel. This license allows trading in medical cannabis products through an agreement with a licensed cannabis grower in Israel. The medical cannabis products market in Israel currently has about 150,000 users with an annual sales volume of about half a billion dollars. BYND Cannasoft intends to capture a market share of about 3%, worth about $15 million in sales, within a year of putting its products on store shelves. As an Israeli-based company whose shares trade in the US and Canada, we are committed to driving positive change in the medical cannabis landscape through meaningful research and collaboration with esteemed institutions.

Yftah Ben Yaackov, CEO and Director of BYND said, “Our journey at BYND Cannasoft is shaping up to be nothing short of remarkable. We are driven by a passion for innovation and a commitment to positively impacting the women’s health and medical cannabis space. Our latest achievements, from securing key patents to completing the initial testing on our groundbreaking EZ-G device, have only strengthened our resolve to continue pushing the boundaries of what is possible in this industry.”

Mr. Ben Yaackov continued, “As we expand our global footprint and collaborate with esteemed partners and institutions, we remain dedicated to our mission of advancing women’s health, medical cannabis research, and driving sustainability. We extend our heartfelt gratitude to our team, shareholders, and partners for their unwavering support as we embark on this transformative journey.”

About BYND Cannasoft Enterprises Inc.

BYND Cannasoft Enterprises is an Israeli-based integrated software and cannabis company. BYND Cannasoft owns and markets “Benefit CRM,” a proprietary customer relationship management (CRM) software product enabling small and medium‐sized businesses to optimize their day‐to‐day business activities such as sales management, personnel management, marketing, call center activities, and asset management. Building on our 20 years of experience in CRM software, BYND Cannasoft is developing an innovative new CRM platform to serve the needs of the medical cannabis industry by making it a more organized, accessible, and price-transparent market. The Cannabis CRM System will include a Job Management (BENEFIT) and a module system (CANNASOFT) for managing farms and greenhouses with varied crops. BYND Cannasoft owns the patent-pending intellectual property for the EZ-G device. This therapeutic device uses proprietary software to regulate the flow of low concentrations of CBD oil, hemp seed oil, and other natural oils into the soft tissues of the female reproductive system to potentially treat a wide variety of women’s health issues. The EZ-G device includes technological advancements as a sex toy with a more realistic experience and the prototype utilizes sensors to determine what enhances the users’ pleasure. The user can control the device through a Bluetooth app installed on a smartphone or other portable device. The data will be transmitted and received from the device to and from the secure cloud using artificial intelligence (AI). The data is combined with other antonymic user preferences to improve its operation by increasing sexual satisfaction.

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For Further Information please refer to information available on the Company’s website: www.cannasoft-crm.com, the CSE’s website: www.thecse.com/en/listings/life-sciences/bynd-cannasoft-enterprises-inc and on SEDAR: www.sedar.com.

Gabi Kabazo
Chief Financial Officer
Tel: (604) 833-6820
e‐mail: [email protected]

For Media and Investor Relations, please contact:

David L. Kugelman
(866) 692-6847 Toll Free – U.S. & Canada
(404) 281-8556 Mobile and WhatsApp
[email protected]
Skype: kugsusa

Cautionary Note Regarding Forward-Looking Statements

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This press release includes certain statements that may be deemed “forward-looking statements”. All statements in this release, other than statements of historical facts, that address future events or developments that the Company expects, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual events or developments may differ materially from those in forward-looking statements. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause the Company’s actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. Such statements reflect the Company’s current views with respect to future events and are subject to such risks and uncertainties. Many factors could cause actual results to differ materially from the statements made, including unanticipated regulatory requests and delays, final patents approval, and those factors discussed in filings made by the company with the Canadian securities regulatory authorities, including (without limitation) in the company’s management’s discussion and analysis for the year ended December 31, 2022 and annual information form dated March 31, 2023, which are available under the company’s profile at www.sedar.com, and in the Company’s Annual Report on Form 20-F for the year then ended that was filed with the U.S. Securities and Exchange Commission on April 27, 2023. Should one or more of these factors occur, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward‐looking statements, except as required by law. Any such forward-looking statements represent management’s estimates as of the date of this press release. While we may elect to update such forward-looking statements at some point in the future, we disclaim any obligation to do so, even if subsequent events cause our views to change. Shareholders are cautioned not to put undue reliance on such forward‐looking statements.

GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Artificial Intelligence

Consumer Data Platform Market to reach USD 56.22 Bn dominated by Predictive Analysis Segment, Says Stellar Market Research.

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PUNE, India, July 16, 2024 /PRNewswire/ — Stellar Market Research, a global IT & Telecommunication Market research firm has published a competitive intelligence and market research report on the “Consumer Data Platform Market”. The Consumer Data Platform Market size was valued at USD 8.05 Bn in 2023 and the total Consumer Data Platform revenue is expected to grow at a CAGR of 32 percent from 2024 to 2030, reaching nearly USD 56.22 Bn by 2030.

The Customer Data Platform (CDP) market is experiencing significant growth due to the increasing demand for customer intelligence and omnichannel experiences. CDPs enable businesses to manage data volume and complexity from various customer channels, ensuring data unification and identity resolution. CDPs are essential for advertising and marketing strategies, offering personalized experiences while adhering to data protection regulations.
The report on the Consumer Data Platform Market involves a comprehensive analysis of market structure, competition, and growth drivers. The market size is methodically estimated using a bottom-up approach to understand growth patterns. Key insights typically cover major drivers at global levels, challenges for future growth, and opportunities arising from technological advancements. Regional analyses provide information on market leaders, penetration rates, and geographical factors influencing the industry. The qualitative and quantitative analyses are employed using tools like SWOT, PESTLE, and Porter’s Five Forces to guide investment and marketing decisions.
Market Size in 2023
USD 8.05 Bn.
Market Size in 2030
USD 56.22 Bn.
CAGR
32 percent (2024-2030)
Forecast Period
2024-2030
Base Year
2023
Number of Pages
278
No. of Tables
118
No. of Charts and Figures
110
Segment Covered
Component, Application, and Vertical
Regional Scope
North America, Europe, Asia Pacific, Middle East and Africa, South America
Report Coverage
Market Share, Size & Forecast by Revenue | 2024−2030, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis.
Get your Sample PDF:https://www.stellarmr.com/report/req_sample/Customer-Data-Platform-Market/292 
What’s New: Recent Additions and Updates
An in-depth analysis of competitive developments in the market, such as mergers and acquisitions, product developments, partnerships, and collaborations.An in-depth analysis of ROI and cost-effectiveness for various types of CDP implementations across different industries and company sizes.Analysis of regulatory impacts on CDP adoption and usage, focusing on data privacy laws like GDPR, CCPA, and emerging global standards.Key Player Offerings
Tealium collaborates with Snowflake’s Snowpipe Streaming API, combining top-tier customer data collection and activation capabilities. It leverages Snowflake’s power to streamline how businesses get real-time customer behavior data into the Snowflake Data Cloud. This allows for faster analytics, AI applications, and a complete view of the customer to improve customer service and engagement.Nissan Motor Co Ltd. Japan has selected Treasure Data’s enterprise customer data platform (CDP) to enhance its customer experience strategy. The automaker aims to unify data and improve brand communication across all touchpoints. Treasure Data’s CDP will help Nissan achieve a 360-degree customer view, strengthen data governance, and integrate various platforms.First-Party Data Reshaping the Consumer Data Platform Market
Growing privacy concerns and regulatory measures are driving a major shift in the consumer data platform (CDP) market toward first-party data management. First-party data, or information acquired directly from consumers via their contacts with the business, is the emphasis of companies these days. When compared to third-party data, this data is more accurate, dependable, and privacy-compliant. According to SMR, first-party data is crucial since 80% of marketers think it offers the best return on investment (ROI). Leading companies in the CDP space, like Adobe, are taking advantage of this change by incorporating cutting-edge technology into their systems. For instance, Adobe’s Real-Time CDP uses machine learning and AI algorithms to evaluate first-party data and provide real-time insights and customization. This strategy increases customer satisfaction and boosts revenue. Businesses utilizing Adobe’s Real-Time CDP claim a 15% rise in customer satisfaction and a 25% improvement in marketing efficiency. Companies that centralize first-party data and adopt a unified data strategy see a 25% improvement in data accuracy and a 33% decrease in data management expenses. A 360-degree perspective of the consumer is made possible by centralization, which enables companies to send out marketing messages that are more accurate and timely. First-party data methods are expected to become more popular as companies prioritize data protection and customization, creating new opportunities for development and competitive advantage.
Request for a Sample Report:https://www.stellarmr.com/report/req_sample/Customer-Data-Platform-Market/292 
North America Leading the Consumer Data Platform Revolution
North America, particularly the United States is home to leading technology firms that drive innovation in in the consumer data platform market. According to SMR, more than 75% of Fortune 500 companies headquartered in North America contribute to a high demand for advanced data management solutions. This need is being driven by organizations’ need to use data for customized marketing, bettering customer experiences, and obtaining a competitive edge. North America is recognized for its strong revenue production from e-commerce and digital marketing, two industries that significantly depend on consumer data. For instance, the amount spent on digital advertising in the United States alone in 2023 was over $200 billion, highlighting the significant need for insights based on data. The United States exports software services worth about $50 billion a year, making the North American import and export of technology and software services important. Adoption rates and market trust are further supported by North America’s stringent legal frameworks, which include the California Consumer Privacy Act (CCPA) and the General Data Protection Regulation (GDPR). These frameworks ensure high standards in data management and protection. The region continues to grow the boundaries of technical innovation and data-driven business strategies, maintaining its position as the top-selling market for consumer data solutions.
Consumer Data Platform Market Segmentation
By Component
PlatformServicesBy Application
Personalized RecommendationsPredictive AnalyticsMarketing Data SegmentationCustomer Retention and EngagementSecurity ManagementOthersBy Vertical
BFSIRetail and eCommerceMedia and EntertainmentTravel and HospitalityTelecom and ITHealthcareOthersConsumer Data Platform Market Key Competitors include
Informatica LLCIBM CorporationOracle CorporationSAP SEStibo Systems A/SRiversand Technologies, Inc.OthersInquire Before Buying:https://www.stellarmr.com/report/enquire_now/Customer-Data-Platform-Market/292 
Key questions answered in the Consumer Data Platform Market are:
What is a Consumer Data Platform?What is the current growth rate of the Consumer Data Platform Market?Who are the key players in the Consumer Data Platform Market?What are the strategies used by competitors in the Consumer Data Platform Market?What are the growth prospects in developing countries for the Consumer Data Platform Market?Which segment is expected to witness the fastest growth and why in the Consumer Data Platform Market in 2023?What are the factors affecting growth in the Consumer Data Platform Market?Who held the largest market share in the Consumer Data Platform Market?What is the demand pattern for the Consumer Data Platform Market?What are the opportunities for the Consumer Data Platform Market?Key Offerings:
Past Market Size and Competitive Landscape (2018 to 2022)Past Pricing and price curve by region (2018 to 2022)Market Size, Share, Size & Forecast by Different Segment | 2024−2030Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by RegionMarket Segmentation – A detailed analysis by Component, Application, Vertical, and RegionCompetitive Landscape – Profiles of selected key players by region in a strategic perspectiveCompetitive landscape – Market Leaders, Market Followers, Regional playerCompetitive benchmarking of key players by regionPESTLE AnalysisPORTER’s analysisValue chain and supply chain analysisLegal Aspects of business by regionLucrative business opportunities with SWOT analysisRecommendationsStellar Market Research a leading IT & Telecommunication research firm, has also published the following reports:
Web Scraper Software Market: The market size was valued at US $ 785.68 Million in 2023 and the total Market revenue is expected to grow at 13 % from 2024 to 2030, reaching nearly US $ 1848.41 Million.
Data Center Virtualization market: The market was valued at USD 9.98 Billion. In 2023 the total revenue is expected to grow at a CAGR of 17.5% through 2024-2030, reaching nearly USD 30.88 Billion.
Europe Big Data Market: The market size was valued at US$ 86.20 Bn. in 2023 and the total revenue is expected to grow at 7.8% through 2024 to 2030, reaching nearly US$ 145.84 Bn. by 2030.
Data Integration Market: The market size was valued at US$ 13.12 Bn in 2023. The Global Data Integration Market is estimated to grow at a CAGR of 11.23% over the forecast period.
Master Data Management Market: The market was valued at USD 21.76 billion in 2023. Global Master Data Management Market size is estimated to grow at a CAGR of 15.9 % over the forecast period.
About Stellar Market Research:
Stellar Market Research is a multifaceted market research and consulting company with professionals from several industries. Some industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems.
Contact Stellar Market Research:
S.no.8, h.no. 4-8 Pl.7/4,
Pinnac Memories Fl. No. 3,
Pune, Maharashtra, 411029
[email protected]
+91 9607365656
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Artificial Intelligence

Access Control Market to Be Worth $19.6 Billion by 2031 – Exclusive Report by Meticulous Research®

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REDDING, Calif., July 16, 2024 /PRNewswire/ — According to a new market research report titled, ‘Access Control Market by Offering (Hardware {Biometric Devices, Electronic Locks, Other}, Software {Cloud, On-premise}, Services), End User (Residential, Commercial {Retail, IT & Telecom, Other}, Industrial), and Geography – Global Forecast to 2031,’ the access control market is projected to reach $19.6 billion by 2031, at a CAGR of 10.6% from 2024 to 2031.

Download Sample Report Now- https://www.meticulousresearch.com/download-sample-report/cp_id=5097 
The growth of the access control market is driven by the rising demand for advanced access control devices, growing safety & security concerns related to unauthorized access, and the increasing number of smart home projects around the world. However, the high initial costs of deployment limit the adoption of access control systems, restraining the growth of this market.
Furthermore, organizations’ increasing preference for cloud-based access control systems and the growing use of wireless access controls are expected to generate growth opportunities for the stakeholders in the access control market. However, low awareness regarding advanced security solutions in developing countries and data security & privacy issues are major challenges in the access control market.
Additionally, the increasing adoption of Access Control as a Service (ACaaS), the growing utilization of smartphones for access control, and the increasing use of contactless biometric access control devices are prominent trends in the access control market.
Get a Glimpse Inside: Request Sample Pages- https://www.meticulousresearch.com/request-sample-report/cp_id=5097 
The access control market is segmented by offering (hardware {biometric devices [fingerprint recognition, face recognition, iris recognition, and voice recognition], cards [smart cards, proximity cards, and card readers], electronic locks & doors, controllers, hybrid devices}, software {cloud-based, on-premise}, and services {consulting services, deployment & integration services, and maintenance & support services}), end user (residential, commercial {retail, BFSI, IT & telecom, hospitality, education, government, healthcare, and transportation & logistics}, and industrial {pharmaceutical, military & defense, aerospace, manufacturing, mining & construction, energy & utilities, and other industrial end users}), and geography. The study also evaluates industry competitors and analyzes the market at the regional and country levels.
Based on offering, the access control market is segmented into hardware, software, and services. In 2024, the hardware segment is expected to account for the largest share of over 56.0% of the access control market. The hardware segment comprises biometric devices, cards, electronic locks & doors, controllers, and hybrid devices. The large market share of this segment is attributed to the growing adoption of access control systems for safeguarding offices, government buildings, airports, hospitals, and military facilities, growing urbanization, and the increasing number of smart homes & apartments.
In addition, the increasing deployment of access control systems for more comprehensive and efficient security is expected to drive the growth of this segment. For instance, in February 2023, San Diego International Airport deployed Identiv’s comprehensive, end-to-end access control ecosystem, including Hirsch Velocity Software and its Velocity Vision Video Management System (VMS), under a single Graphical User Interface (GUI).
Based on end user, the access control market is broadly segmented into residential, commercial, and industrial end users. In 2024, the commercial segment is expected to account for the largest share of over 52.0% of the access control market. The large market share of this segment is attributed to the increasing implementation of access control systems across government facilities, the growing use of smart cards in the hospitality sector, and the increased adoption of enterprise-level access control solutions.
Have Specific Research Needs? Request a Customized Report- https://www.meticulousresearch.com/request-customization/cp_id=5097 
In addition, the increasing deployment of access control systems for office spaces to bolster the security of entrances supports the growth of this segment. In August 2023, HID Global Corporation (U.S.), the global leader in trusted identity solutions, partnered with Ghelamco Group (Belgium), an international real estate investor and developer, to standardize HID’s mobile and physical access control solutions across its prestigious projects in Warsaw, Poland.
Based on geography, the access control market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, Asia-Pacific is expected to account for the largest share of over 44.0% of the access control market. APAC’s large market share is attributed to the region’s rapidly developing economies, consistent technological advancements in access control solutions, increased use of access control systems at airports and railway stations, and the increasing deployment of access control systems across government agencies for tracking employee attendance.
For instance, in March 2022, IDEMIA (France), the global leader in Identity technologies, announced plans to provide biometric solutions to Singapore’s Changi Airport Terminals 1 and 2 (T1 and T2) to elevate the passenger experience, particularly in the immigration process.
Key Players:
The key players operating in the access control market are Johnson Controls International plc (Ireland), Honeywell International Inc. (U.S.), Identiv, Inc. (U.S.), Suprema Inc. (South Korea), Bosch Sicherheitssysteme GmbH (Germany), Genetec Inc. (Canada), NEC Corporation (Japan), Assa Abloy (Sweden), dormakaba International Holding AG (Switzerland), Allegion plc (Ireland), Nedap N.V. (Netherlands), Thales (France), IDEMIA (France), Axis Communications AB (Sweden), Anviz Global Inc. (U.S.) and Dahua Technology Co., Ltd (China).
Browse In-depth Report Now- https://www.meticulousresearch.com/product/access-control-market-5097 
Scope of the Report:
Access Control Market Assessment—by Offering
HardwareBiometric DevicesFingerprint RecognitionFace RecognitionIris RecognitionVoice RecognitionCardsSmart CardsProximity CardsCard ReadersElectronic Locks & DoorsControllersHybrid DevicesSoftwareCloud-basedOn-premiseServicesConsulting ServicesDeployment & Integration ServicesMaintenance & Support ServicesAccess Control Market Assessment—by End User
ResidentialCommercialRetailBFSIIT & TelecomHospitalityEducationGovernmentHealthcareTransportation & LogisticsIndustrialPharmaceuticalMilitary & DefenseAerospaceManufacturingMining & ConstructionEnergy & UtilitiesOther Industrial End UsersAccess Control Market Assessment—by Geography
North AmericaU.S.CanadaEuropeGermanyU.K.FranceItalySpainSwitzerlandSwedenDenmarkNorwayRest of EuropeAsia-PacificChinaJapanIndiaSouth KoreaAustraliaIndonesiaMalaysiaTaiwanRest of Asia-PacificLatin AmericaBrazilMexicoArgentinaRest of Latin AmericaMiddle East & AfricaUAEIsraelRest of Middle East & AfricaUnlock Opportunities: Buy Now- https://www.meticulousresearch.com/Checkout/81884359 
Related Reports:
Building Automation Market – Global Opportunity Analysis and Industry Forecast (2024-2031)
Smart Locks Market – Global Opportunity Analysis and Industry Forecast (2022-2029)
NFC Market – Global Opportunity Analysis and Industry Forecast (2023-2030)
Digital Identity Management Solutions Market – Global Opportunity Analysis and Industry Forecast (2023-2030)
About Meticulous Research®
Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.
Contact:Mr. Khushal BombeMeticulous Market Research Inc.1267 Willis St, Ste 200 Redding,California, 96001, U.S.USA: +1-646-781-8004Europe: +44-203-868-8738APAC: +91 744-7780008Email- [email protected] Visit Our Website: https://www.meticulousresearch.com/ Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research Content Source: https://www.meticulousresearch.com/pressrelease/51/access-control-market-2031 
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Artificial Intelligence

Threat Hunting Market worth $6.9 billion by 2029- Exclusive Report by MarketsandMarkets™

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CHICAGO, July 16, 2024 /PRNewswire/ — The Threat Hunting Market is set to grow significantly. It’s expected to be worth around USD 3.4 billion in 2024 and increase to about USD 6.9 billion by 2029 at a CAGR of 14.9% during the forecast period, according to a new report by MarketsandMarkets™. The threat-hunting market is experiencing explosive growth as organizations struggle to combat a relentless wave of cyberattacks. Unlike traditional security measures that passively wait for threats to appear, threat hunting takes a proactive stance, actively searching for hidden threats lurking within networks. Several factors fuel this proactive approach. The increasing need to protect sensitive data, from financial records to intellectual property, compels organizations to adopt more robust security solutions. Also, the growing awareness of cyber risks across industries drives demand for proactive security solutions. By actively hunting for threats, organizations gain a critical advantage: identifying and neutralizing threats before they can wreak havoc, potentially saving millions of dollars, and safeguarding sensitive data.

Browse in-depth TOC on “Threat Hunting Market”
270 – Tables 50 – Figures350 – Pages
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=264230029
Scope of the Report
Report Metrics
Details
Market size available for years
2018–2029
Base year considered
2023
Forecast period
2024–2029
Forecast units
Value (USD Billion)
Segments Covered
By Offering, By Threat Type, By Organization Size, By Deployment mode, By Vertical, and By Region
Geographies covered
North America, Europe, Asia Pacific, Middle East Africa, and Latin America
Major companies covered
Major vendors in the global Threat Hunting Market include IBM (US), Kaspersky (Russia), Capgemini (France), CrowdStrike (US), Trustwave (US), Verizon (US), SecureWorks (US), Sangfor (China), Eviden (France), Rapid 7(US), VMware (US), Solidworks (US), Trend Micro (Japan), Cynet (US), Palo Alto Networks (US) Cipher (India), Talatek (US), SOC Prime (US), RSI Security (US), Protected Harbour (US), Mindpoint Group (US), Exponential- E (UK), Redscan (UK), Iron Net Cybersecurity (US), LiveAction (US).
By Offering, the services segment will grow at the highest CAGR during the forecast period.
The global shortage of cybersecurity professionals is a significant challenge for organizations looking to build robust security postures. This shortage is particularly acute in threat hunting, which requires highly skilled individuals with a deep understanding of cyber threats, investigative techniques, and security tools. Threat-hunting services offer a compelling solution by providing access to experienced professionals, reducing internal workload, and offering a faster path to improved threat detection and response capabilities.
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By organization size, the large enterprise segment to hold a significant market share during the forecast period.
Large enterprises often deal with sensitive data (financial records, intellectual property, customer information) and critical infrastructure. A successful cyberattack can have devastating economic and reputational consequences, making proactive threat detection a top priority. Also, Large enterprises typically have sprawling IT environments encompassing on-premise infrastructure, cloud deployments, and a vast network of devices. This complexity creates numerous potential entry points for attackers, necessitating a proactive approach to uncover hidden threats. The high stakes, complex environments, compliance pressures, and advanced threats large enterprises face will drive the segment.
By region, Asia Pacific will grow at the highest CAGR during the forecast period.
The Asia Pacific region is undergoing significant growth in its threat-hunting market, driven by several key factors. The region faces a rising tide of cyberattacks, including malware, ransomware phishing attempts, data breaches, and advanced persistent threats (APTs). These attacks target businesses, governments, critical infrastructure, and individuals, forcing them to invest in proactive defense measures like threat hunting. The Asia Pacific region is undergoing a rapid digital transformation. This increased reliance on technology creates a larger attack surface for cybercriminals. As per the Fortinet Survey on the State of Security Operations in Asia-Pacific, Phishing and Insider threats are India’s most predominant cyber threats, with Approximately 50% of organizations ranking them as their top concerns. Also, only 44% of businesses have dedicated IT resources for security teams.
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Top Key Companies in Threat Hunting Market:
Major vendors in the global Threat Hunting Market include IBM(US), Kaspersky (Russia), Capgemini (France), CrowdStrike(US), Trustwave(US), Verizon (US), SecureWorks(US), Sangfor (China), Eviden (France), Rapid 7(US), VMware (US), Solidworks (US), Trend Micro (Japan), Cynet (US), Palo Alto Networks (US) Cipher (India), Talatek (US), SOC Prime (US), RSI Security (US), Protected Harbour (US), Mindpoint Group (US), Exponential- E (UK), Redscan (UK), Iron Net Cybersecurity (US), LiveAction (US).
Browse Adjacent Market: Information Security Market Research Reports & Consulting
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