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Tele-Intensive Care Unit Market Size is projected to reach USD 12.40 billion by 2031, growing at a CAGR of 16.3%: Straits Research

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11 months ago

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New York, United States, Aug. 07, 2023 (GLOBE NEWSWIRE) — The tele-intensive care unit market is primarily driven by the escalating need for remote monitoring, the rise in surgical procedures worldwide, and the expansion of the elderly population. In developing countries and emerging economies, healthcare costs are a growing burden; therefore, tele-intensive care units can be implemented to reduce costs and improve patient care, as these platforms offer numerous advantages, such as continuous real-time monitoring and remote access to patient data. As per the United Nations’ World Population Prospects for 2019, the percentage of the worldwide population over the age of 65 will climb from 9% in 2019 to over 16% in 2050. As the aging population causes an increase in health-related difficulties, particularly cardiovascular and neurological illnesses, it is anticipated that the number of patients hospitalized will also increase. This hospitalization will likely result in surgeries requiring intensive care, which is expected to fuel the demand for tele-intensive care units.

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Increase in Volume of Surgical Procedures Globally to Drive the Global Tele-Intensive Care Unit Market

Globally, the number of surgical procedures is increasing due to the rising prevalence of ailments requiring surgery, such as cancer and cardiovascular disease, as well as burns and injuries. According to Cancer Facts and Figures, 2020, from the American Cancer Society, there were an expected 1.8 million new cancer cases and 606,520 cancer-related deaths in the United States. In addition, between 15 and 39-year-old adolescents and young adults in the United States were anticipated to have around 89,500 new cancer diagnoses and 9,270 cancer-related deaths in 2020. The rising incidence of cancer is expected to raise the demand for tumor removal surgeries, increasing the demand for tele-intensive care units that shorten clinical decision time and promote efficient healthcare delivery.

The National Institute of Neurological Disorders and Stroke (NINDS) estimates that approximately 12,000 spinal cord injuries (SCI) occurred annually in the United States in 2019. In addition, between 249 000 and 363 000 people in the United States were living with SCI in 2019. During the projected period, unintentional or accidental mortality due to injuries is anticipated to increase the number of procedures and increase demand for tele-ICUs. In light of the reasons mentioned above, it is expected that the studied market will experience a substantial increase throughout the forecast period.

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The fast-growing population and the Lack of Infrastructure to Provide Opportunities for the Global Tele-Intensive Care Unit Market.

The chance for the tele-ICU segment to grow fast has been created by a rapidly expanding population and a lack of facilities to accommodate numerous patients. There are situations where immediate medical or health care must be administered to a patient far away or involved in an accident. In these circumstances, there is no time to transport the patient to the hospital. In such cases, the tele-ICU market has enormous growth potential over the next few years.

Report Scope

Report Metric Details
Market Size by 2023 USD 12.40 billion
Market Size in 2022 USD 3.18 billion
CAGR 16.3% (2022-2031)
Historical Data 2020-2021
Base Year 2022
Forecast Period 2023-2031
Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered By Component(Hardware, Software), By Type of Management(Intensivist ,Open ,Co-managed ,Open with Consultant ,Other Types of Management)
Geographies Covered North America, Europe, Asia-Pacific, LAME and Rest of the World
Key Companies Profiled/Vendors Hicuity Health, Eagle Telemedicine, iMDsoft, Inova, INTeleICU, Teladoc Health Inc., Koninklijke Philips NV, SOC Telemed, Apollo Telehealth Services, Banner Health
Key Market Opportunities Fast-growing population and the Lack of Infrastructure
Key Market Drivers Increase in the Volume of Surgical Procedures Globally

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Regional Insights

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By region, the global tele-intensive care unit market is segmented into North America, Europe, Asia-Pacific, and Middle East & Africa.

North America dominated the market and is estimated to register a CAGR of 17% during the forecast period. The rise of the tele-ICU market in the United States is primarily attributable to the government’s support of the healthcare IT industry in the country. The increasing number of launches and partnerships contributes to the country’s market expansion. In conjunction with The Regional Medical Center, Advanced ICU Care began tele-ICU services in June 2020 to assure quality outcomes and consistent delivery of patient-centered care. In 2019, Philips celebrated the success of its 15-year tele-critical cooperation with Health First of Florida. Health First’s VitalWatch e-ICU, the result of the agreement, has shown significant reductions in fatality rates and lengths of stay for the nation’s sickest patient group. The demand for mobile technologies and internet connectivity, the increasing use of home care by patients, and the general decline in hospital visits are anticipated to drive market expansion over the forecast period.

Europe is the second largest region. It is estimated to registering a CAGR of 17.3% during forecast period. Due to the rising population in the United Kingdom, the need for healthcare services is increasing. One incentive to support the use and acceptance of healthcare technology such as telehealth is the rising expense of healthcare. In 1991, telemedicine was introduced to the country. Since then, telemedicine services have been widely adopted and utilized in the United Kingdom. The tele-ICU market is expanding because of the increasing technological breakthroughs in healthcare and the attention of UK healthcare experts on their improvement. According to the Centre for Ageing Better’s 2019 report, the number of adults over 65 in the United Kingdom was substantial. Over 11,9 million individuals aged 65 and over, including 3,2 million individuals aged 80 and above and 1,6 million individuals aged 85 and older. In twenty years, the number of people aged 65 and older was projected to climb by more than 40 percent. The increasing elderly population, which is highly prone to numerous chronic conditions requiring surgical intervention, contributes to the expansion of the market. 

Asia-Pacific is the third largest region. China has one of the world’s fastest-growing economies. Following the release of favorable laws by the Chinese government about initiatives to promote telemedicine services in the country, the industry is anticipated to expand tremendously. According to the 2020 study “Preparing Your Intensive Care Unit for the COVID-19 Pandemic: Practical Considerations and Strategies,” China reported a high incidence of acute respiratory distress syndrome (ARDS) (17-29% of the total number) and critical illness (23-33% of the total number) among hospitalized patients due to the increasing number of COVID-19 cases. Preparing intensive care units (ICU) was determined to be a vital component of any pandemic response. This has impacted market expansion. According to the Chinese National Bureau of Statistics, over 165,316 surgical procedures were registered in the Qinghai Province in 2018. The increase in surgical procedures necessitating intensive care may impact the tele-ICU business.

Along with online prescription sales, China is currently establishing telemedicine services. Businesses such as Alibaba and Cardinal Health have verified other commercial platforms. All of these platforms have contributed to the expansion of the market as a whole.

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Competitive Landscape

The major global tele-intensive care unit market companies are Hicuity Health, Eagle Telemedicine, iMDsoft, Inova, INTeleICU, Teladoc Health Inc., Koninklijke Philips NV, SOC Telemed, Apollo Telehealth Services, Banner Health.

Key Highlights

  • The global Tele-Intensive Care Unit Market size is estimated to reach an predicted value of USD 12.40 billion by 2031, registering a CAGR of 16.3% during the forecast period (2022-2031).
  • By component, the global tele-intensive care unit market is segmented into hardware and software, and services. The hardware segment is further segmented as therapeutic devices, communication lines, computer systems, physiological monitors, display panels, video feeds, and other hardware. The hardware segment dominated the market and is estimated to register a CAGR of 16.9% during the forecast period.
  • By type of management, the global tele-intensive care unit market is segmented into intensivist, open, co-managed, open with the consultant, and other types of management. The open with consultant segment dominated the market and is estimated to register a CAGR of 17.8% during the forecast period. 

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Global Tele-Intensive Care Unit Market: Segmentation

  • By Component
      • Therapeutic Devices
      • Communication Lines
      • Computer Systems
      • Physiological Monitors
      • Display Panels
      • Video Feed
      • Other Hardware
    • Software and Services

By Type of Management

  • Intensivist
  • Open
  • Co-managed
  • Open with Consultant
  • Other Types of Management

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Middle East & Africa

TABLE OF CONTENT

  1. EXECUTIVE SUMMARY
  2. RESEARCH SCOPE & SEGMENTATION
    1. Research Objectives
    2. Market Definition
    3. Limitations & Assumptions
    4. Market Scope & Segmentation
    5. Currency & Pricing Considered
  3. MARKET OPPORTUNITY ASSESSMENT
    1. Emerging Regions / Countries
    2. Emerging Companies
    3. Emerging Applications / End Use
    4. Investment Landscape
    5. New Business Models / Revenue Streams
    6. TAM
  1. MARKET TRENDS
    1. Drivers
    2. Market Warning Factors
    3. Latest Macro Economic Indicators
    4. Geopolitical Impact
    5. Human Factors
    6. Technology Factors
  1. MARKET ASSESSMENT
    1. Porters Five Forces Analysis
    2. Value Chain Analysis
    3. Sales And Distribution Channel Analysis
    4. Case Study Analysis
    5. Patent Analysis
    6. M & A Agreements & Collabration Analysis
  1. ESG TRENDS
  2. GLOBAL TELE-INTENSIVE CARE UNIT MARKET SIZE ANALYSIS
    1. Global Tele-Intensive Care Unit Market Introduction
    2. By Component
      1. Introduction
        1. Component By Value
      1. Hardware
        1. By Value
        2. Therapeutic Devices
          1. Therapeutic Devices By Value
        3. Communication Lines
          1. Communication Lines By Value
        4. Computer Systems
          1. Computer Systems By Value
        5. Physiological Monitors
          1. Physiological Monitors By Value
        6. Display Panels
          1. Display Panels By Value
        7. Video Feed
          1. Video Feed By Value
        8. Other Hardware
          1. Other Hardware By Value
      1. Software And Services
        1. By Value
    1. By Type Of Management
      1. Introduction
        1. Type Of Management By Value
      1. Intensivist
        1. By Value
      1. Open
        1. By Value
      1. Co-Managed
        1. By Value
      1. Open With Consultant
        1. By Value
      1. Other Types Of Management
        1. By Value
  1. NORTH AMERICA MARKET ANALYSIS
    1. Introduction
    2. By Component
      1. Introduction
        1. Component By Value
      1. Hardware
        1. By Value
        2. Therapeutic Devices
          1. Therapeutic Devices By Value
        3. Communication Lines
          1. Communication Lines By Value
        4. Computer Systems
          1. Computer Systems By Value
        5. Physiological Monitors
          1. Physiological Monitors By Value
        6. Display Panels
          1. Display Panels By Value
        7. Video Feed
          1. Video Feed By Value
        8. Other Hardware
          1. Other Hardware By Value
      1. Software And Services
        1. By Value
    1. By Type Of Management
      1. Introduction
        1. Type Of Management By Value
      1. Intensivist
        1. By Value
      1. Open
        1. By Value
      1. Co-Managed
        1. By Value
      1. Open With Consultant
        1. By Value
      1. Other Types Of Management
        1. By Value
    1. U.S.
      1. By Component
        1. Introduction
          1. Component By Value
        2. Hardware
          1. By Value
          2. Therapeutic Devices
            1. Therapeutic Devices By Value
          3. Communication Lines
            1. Communication Lines By Value
          4. Computer Systems
            1. Computer Systems By Value
          5. Physiological Monitors
            1. Physiological Monitors By Value
          6. Display Panels
            1. Display Panels By Value
          7. Video Feed
            1. Video Feed By Value
          8. Other Hardware
            1. Other Hardware By Value
        3. Software And Services
          1. By Value
      1. By Type Of Management
        1. Introduction
          1. Type Of Management By Value
        2. Intensivist
          1. By Value
        3. Open
          1. By Value
        4. Co-Managed
          1. By Value
        5. Open With Consultant
          1. By Value
        6. Other Types Of Management
          1. By Value
    1. Canada
  1. EUROPE MARKET ANALYSIS
    1. Introduction
    2. By Component
      1. Introduction
        1. Component By Value
      1. Hardware
        1. By Value
        2. Therapeutic Devices
          1. Therapeutic Devices By Value
        3. Communication Lines
          1. Communication Lines By Value
        4. Computer Systems
          1. Computer Systems By Value
        5. Physiological Monitors
          1. Physiological Monitors By Value
        6. Display Panels
          1. Display Panels By Value
        7. Video Feed
          1. Video Feed By Value
        8. Other Hardware
          1. Other Hardware By Value
      1. Software And Services
        1. By Value
    1. By Type Of Management
      1. Introduction
        1. Type Of Management By Value
      1. Intensivist
        1. By Value
      1. Open
        1. By Value
      1. Co-Managed
        1. By Value
      1. Open With Consultant
        1. By Value
      1. Other Types Of Management
        1. By Value
    1. U.K.
      1. By Component
        1. Introduction
          1. Component By Value
        2. Hardware
          1. By Value
          2. Therapeutic Devices
            1. Therapeutic Devices By Value
          3. Communication Lines
            1. Communication Lines By Value
          4. Computer Systems
            1. Computer Systems By Value
          5. Physiological Monitors
            1. Physiological Monitors By Value
          6. Display Panels
            1. Display Panels By Value
          7. Video Feed
            1. Video Feed By Value
          8. Other Hardware
            1. Other Hardware By Value
        3. Software And Services
          1. By Value
      1. By Type Of Management
        1. Introduction
          1. Type Of Management By Value
        2. Intensivist
          1. By Value
        3. Open
          1. By Value
        4. Co-Managed
          1. By Value
        5. Open With Consultant
          1. By Value
        6. Other Types Of Management
          1. By Value
    1. Germany
    2. France
    3. Spain
    4. Italy
    5. Russia
    6. Nordic
    7. Benelux
    8. Rest Of Europe
  1. APAC MARKET ANALYSIS
    1. Introduction
    2. By Component
      1. Introduction
        1. Component By Value
      1. Hardware
        1. By Value
        2. Therapeutic Devices
          1. Therapeutic Devices By Value
        3. Communication Lines
          1. Communication Lines By Value
        4. Computer Systems
          1. Computer Systems By Value
        5. Physiological Monitors
          1. Physiological Monitors By Value
        6. Display Panels
          1. Display Panels By Value
        7. Video Feed
          1. Video Feed By Value
        8. Other Hardware
          1. Other Hardware By Value
      1. Software And Services
        1. By Value
    1. By Type Of Management
      1. Introduction
        1. Type Of Management By Value
      1. Intensivist
        1. By Value
      1. Open
        1. By Value
      1. Co-Managed
        1. By Value
      1. Open With Consultant
        1. By Value
      1. Other Types Of Management
        1. By Value
    1. China
      1. By Component
        1. Introduction
          1. Component By Value
        2. Hardware
          1. By Value
          2. Therapeutic Devices
            1. Therapeutic Devices By Value
          3. Communication Lines
            1. Communication Lines By Value
          4. Computer Systems
            1. Computer Systems By Value
          5. Physiological Monitors
            1. Physiological Monitors By Value
          6. Display Panels
            1. Display Panels By Value
          7. Video Feed
            1. Video Feed By Value
          8. Other Hardware
            1. Other Hardware By Value
        3. Software And Services
          1. By Value
      1. By Type Of Management
        1. Introduction
          1. Type Of Management By Value
        2. Intensivist
          1. By Value
        3. Open
          1. By Value
        4. Co-Managed
          1. By Value
        5. Open With Consultant
          1. By Value
        6. Other Types Of Management
          1. By Value
    1. Korea
    2. Japan
    3. India
    4. Australia
    5. Taiwan
    6. South East Asia
    7. Rest Of Asia-Pacific
  1. MIDDLE EAST AND AFRICA MARKET ANALYSIS
    1. Introduction
    2. By Component
      1. Introduction
        1. Component By Value
      1. Hardware
        1. By Value
        2. Therapeutic Devices
          1. Therapeutic Devices By Value
        3. Communication Lines
          1. Communication Lines By Value
        4. Computer Systems
          1. Computer Systems By Value
        5. Physiological Monitors
          1. Physiological Monitors By Value
        6. Display Panels
          1. Display Panels By Value
        7. Video Feed
          1. Video Feed By Value
        8. Other Hardware
          1. Other Hardware By Value
      1. Software And Services
        1. By Value
    1. By Type Of Management
      1. Introduction
        1. Type Of Management By Value
      1. Intensivist
        1. By Value
      1. Open
        1. By Value
      1. Co-Managed
        1. By Value
      1. Open With Consultant
        1. By Value
      1. Other Types Of Management
        1. By Value
    1. UAE
      1. By Component
        1. Introduction
          1. Component By Value
        2. Hardware
          1. By Value
          2. Therapeutic Devices
            1. Therapeutic Devices By Value
          3. Communication Lines
            1. Communication Lines By Value
          4. Computer Systems
            1. Computer Systems By Value
          5. Physiological Monitors
            1. Physiological Monitors By Value
          6. Display Panels
            1. Display Panels By Value
          7. Video Feed
            1. Video Feed By Value
          8. Other Hardware
            1. Other Hardware By Value
        3. Software And Services
          1. By Value
      1. By Type Of Management
        1. Introduction
          1. Type Of Management By Value
        2. Intensivist
          1. By Value
        3. Open
          1. By Value
        4. Co-Managed
          1. By Value
        5. Open With Consultant
          1. By Value
        6. Other Types Of Management
          1. By Value
    1. Turkey
    2. Saudi Arabia
    3. South Africa
    4. Egypt
    5. Nigeria
    6. Rest Of MEA
  1. LATAM MARKET ANALYSIS
    1. Introduction
    2. By Component
      1. Introduction
        1. Component By Value
      1. Hardware
        1. By Value
        2. Therapeutic Devices
          1. Therapeutic Devices By Value
        3. Communication Lines
          1. Communication Lines By Value
        4. Computer Systems
          1. Computer Systems By Value
        5. Physiological Monitors
          1. Physiological Monitors By Value
        6. Display Panels
          1. Display Panels By Value
        7. Video Feed
          1. Video Feed By Value
        8. Other Hardware
          1. Other Hardware By Value
      1. Software And Services
        1. By Value
    1. By Type Of Management
      1. Introduction
        1. Type Of Management By Value
      1. Intensivist
        1. By Value
      1. Open
        1. By Value
      1. Co-Managed
        1. By Value
      1. Open With Consultant
        1. By Value
      1. Other Types Of Management
        1. By Value
    1. Brazil
      1. By Component
        1. Introduction
          1. Component By Value
        2. Hardware
          1. By Value
          2. Therapeutic Devices
            1. Therapeutic Devices By Value
          3. Communication Lines
            1. Communication Lines By Value
          4. Computer Systems
            1. Computer Systems By Value
          5. Physiological Monitors
            1. Physiological Monitors By Value
          6. Display Panels
            1. Display Panels By Value
          7. Video Feed
            1. Video Feed By Value
          8. Other Hardware
            1. Other Hardware By Value
        3. Software And Services
          1. By Value
      1. By Type Of Management
        1. Introduction
          1. Type Of Management By Value
        2. Intensivist
          1. By Value
        3. Open
          1. By Value
        4. Co-Managed
          1. By Value
        5. Open With Consultant
          1. By Value
        6. Other Types Of Management
          1. By Value
    1. Mexico
    2. Argentina
    3. Chile
    4. Colombia
    5. Rest Of LATAM
  1. COMPETITIVE ASSESSMENT
    1. Adoption Matrix
    2. Tele-Intensive Care Unit Market Share By Manufacturers
    3. Tele-Intensive Care Unit Market Ranking By Revenue For Manufacturers
    4. Average Price By Manufacturers
    5. Vendor Footprint Analysis
  1. MARKET PLAYERS ASSESSMENT
    1. Advanced ICU Care
      1. Overview
      2. Business Information
      3. Revenue
      4. ASP
      5. Gross Margin
      6. Swot Analysis
      7. Recent Developmments
    1. Inova
    2. Banner Health
    3. Philips (Visicu)
    4. IMDsoft
    5. InTouch Health
    6. UPMC Italy
    7. INTeleICU
    8. Apollo TeleHealth Services
    9. TeleICU
  1. RESEARCH METHODOLOGY
    1. Research Data
      1. Secondary Data
        1. Major Secondary Sources
        2. Key Data From Secondary Sources
      1. Primary Data
        1. Key Data From Primary Sources
        2. Breakdown Of Primaries
      1. Secondary And Primary Research
        1. Key Industry Insights
    1. Market Size Estimation
      1. Bottom-Up Approach
      2. Top-Down Approach
      3. Market Projection
    1. Research Assumptions
      1. Assumptions
    1. Limitations
    2. Risk Assessment
  1. APPENDIX
    1. Discussion Guide
    2. Customization Options
    3. Related Reports
  1. DISCLAIMER

Table of Content and Figure @ https://straitsresearch.com/report/tele-intensive-care-unit-market/toc

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Artificial Intelligence

CapitaLand Investment launches research paper on ‘Asia Pacific Data Centre Investment Strategies in the Age of Digitalisation’

Published

1 hour ago

on

July 5, 2024

By

capitaland-investment-launches-research-paper-on-‘asia-pacific-data-centre-investment-strategies-in-the-age-of-digitalisation’

 Strong secular tailwinds drive investors’ interest in the region’s sector
SINGAPORE, July 5, 2024 /PRNewswire/ — CapitaLand Investment (CLI) has launched its latest research paper on investment strategies for Asia Pacific’s (APAC) data centre (DC) industry as part of its ‘Perspectives’ research series.  Leveraging insights from CLI’s expertise on the ground, the research paper highlights the demand drivers behind the rapid growth of DCs in the region and strategic investment considerations for investors. The paper also includes a case study on navigating India’s DC sector.

Ms Michelle Lee, CLI’s Managing Director, Private Funds (Data Centre), said: “Digitalisation is a global mega trend driving the growth of data centres. With the DC sector’s strong secular tailwinds, 97% of institutional investors plan to increase their capital allocation into the sector1, particularly in Asia Pacific. As DCs are more resilient, allocation to this asset class can be an integral part of investors’ portfolio diversification strategy.”
“CLI has accelerated our growth in the DC sector, adding 22 DCs since 2021. Today, we have 27 DCs with about US$4.5 billion assets under management and more than 800 megawatts (MW) in gross power across eight countries globally2.  CLI has vertically integrated DC capabilities spanning across design, development, sales, and operations. With DC domain capabilities, combined with our deep market knowledge, deal-sourcing and investment network in Asia, we are well-positioned to partner with investors to tap into the wealth of opportunities in the sector,” added Ms Lee.
APAC as a strong growth market
While cloud computing has been the primary driver for DC demand, the rise of artificial intelligence (AI) is now fuelling a more explosive growth. The revolution in the scale at which data is being used and managed is fundamentally a global phenomenon, but nowhere is it unfolding as rapidly as in APAC markets. On population per MW basis, APAC markets are underserved compared to regions such as EMEA and North America3.
APAC economies are not only growing faster, the region’s enormous population and swelling internet user base also cement its status as a highly attractive destination for DC investment. Its internet user base has grown seven-fold since 2005, compared to the growth of 1.9 times in the Americas and 1.8 times in Europe over the same period4. Going forward, APAC markets should continue to lead, as internet adoption further increases given the lower penetration rates in the region.
DC transactions in APAC rose about 2.4 times to approximately US$22 billion from 2019 to 2023, compared to the preceding five years, even as markets generally stagnated during the COVID-19 pandemic5.
While hyperscalers continue to drive DC demand, APAC colocation market is also expected to double in size to US$52 billion by 20266, becoming the world’s largest colocation DC market.
Key DC markets in APAC
Tokyo, Osaka, Seoul, Singapore and Sydney are key developed DC markets in APAC7. These markets have achieved scale and are important DC hubs in the region.
Beijing and Shanghai also show promise due to China’s large population, growing digital services sectors, strong government support, and robust long-term economic prospects. 
Increasing demand for DCs in India
Highlighting India as a hotspot for DC investment, Mr Sanjeev Dasgupta, CLI’s CEO for India, said: “India’s DC industry has seen increasing interest from institutional investors and has a long runway for further growth. India has the world’s second highest number of mobile subscribers and one of the fastest growing data consumption per user rates. The government’s digitalisation drive, data localisation regulation as well as the growth of cloud and AI will generate more demand for DC capacity. With CLI’s 30 years of experience in India, we have the capabilities and a deep understanding of the local market. We have a dedicated team of DC experts in India and are currently developing four DCs across the key markets of Mumbai, Bengaluru, Chennai and Hyderabad with a total gross power of 244 MW.”
The seven major cities in India – Mumbai, Bengaluru, Chennai, Hyderabad, Delhi NCR, Pune, and Kolkata – are the focal points for new DC development, offering strategic locations with proximity to key business centres. Mumbai stands out as the preeminent hub, hosting more than half of the country’s DC capacity8 with the other major cities mentioned developing strongly.
Opportunities and strategic considerations
Different DC models offer a spectrum of options for investors, catering to different preferences and risk appetites. However, the lack of stabilised DCs available for sale in APAC means the most promising opportunities for investors lie in developing new DCs – a strategy that can both satisfy new demand and yield higher returns.
Power availability has taken centre stage as a crucial determinant for DC locations. There is also a growing emphasis on sustainability. Increasingly, DC users and savvy operators are seeking to reduce their carbon footprints by being more energy-efficient and tapping renewable energy sources.
Investors should also be mindful of the geopolitical, regulatory and technological risks associated with DC investments. It is therefore crucial for investors to collaborate with DC partners who have a strong network, local expertise, and specialist domain knowledge.
To read the full research paper on DC investment strategies in APAC, visit: https://www.capitaland.com/global/en/about-capitaland/newsroom/Perspectives/2024/Apac_Data_Centre_Investment_Strategies_Age_of_Digitisation.html
Launched in 2022, Perspectives is CLI’s series of thematic and topical research reports aimed at providing proprietary insights on real asset investment trends and strategies, private equity developments, macroeconomy and markets. For more, visit:https://www.capitaland.com/en/investment/news-and-events/perspectives.html
[1] 2024 Global Data Centre Investor Sentiment Survey, CBRE.
[2] Includes data centres in operation and under development.
[3] The World Bank, United Nations, CBRE, CLI PERA Research, June 2024.
[4] ITU World Communication, CLI PERA Research, June 2024.
[5] MSCI, Real Capital Analytics, CLI PERA Research, June 2024.
[6] CBRE, CLI PERA Research, June 2024.
[7] CBRE, Cushman & Wakefield, DC Byte, CLI PERA Research, June 2024.
[8] Avendus, “DCs: Powering Digital India”, May 2023, DC Byte, CLI PERA Research, June 2024.
 
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Securden Recognized as a Market Leader in GigaOm Radar Report for Enterprise Password Management

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July 4, 2024

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Securden has become a leader and an outperformer with cutting-edge features, rapid market advancements, and consistent customer value.
WILMINGTON, Del., July 4, 2024 /PRNewswire/ — Securden, Inc., a leading provider of privileged access and identity security solutions, today announced that it has been recognized as a leader and outperformer in GigaOm Radar Report for Enterprise Password Management.

GigaOm rigorously evaluates vendors in various solution segments and produces Radar reports with valuable insights to assist enterprise decision-makers in evaluating and investing in solutions.
The GigaOm Radar 2024 on Enterprise Password Management examined 13 enterprise password management solutions. “Securden is positioned in the innovation quadrant. It offers a strong solution, and its approach is to take its customers on a journey to broader PAM, with password management simply one focus area. It scored well across all of the decision criteria we evaluated, placing it as a leader, and its execution of the emerging features and rate of progress in the market classify it as an Outperformer,” states the report.
Securden has earned top ratings in key evaluation criteria, including platform security, security auditing, PAM capabilities, ease of management, ease of use, and scalability.
“We are proud to be recognized as a market leader in Enterprise Password Management by GigaOm Radar,” said Bala Venkatramani, CEO of Securden, Inc. “Protecting various identities used by humans and machines is a top priority for IT teams. Our platform offers a comprehensive privileged identity security solution, witnessing rapid adoption by SMBs and Enterprises globally. With innovation at the core, we are committed to offering simplicity and affordability in cybersecurity. This recognition affirms our strong market presence and our focus on providing powerful capabilities to strengthen our customers’ security posture.”
Securden offers robust protection for the vault with controls like access hardening, resilient deployment, and strong data protection approaches. It offers insights into password usage, identifies poor practices, flags failure to follow password standards, issues breach warnings identifying compromised passwords, and more. These measures significantly help reduce password-related risks.
Streak of Recognition
EMA Research, a top industry analyst firm, recently published an impact brief recognizing the Securden Unified PAM MSP platform as a groundbreaking development in privileged access management for MSPs. “By eliminating the need for disparate PAM solutions and providing comprehensive functionality within a single package, Securden empowers MSPs to deliver robust, scalable, and secure PAM services to their clients with unparalleled efficiency and confidence,” states the impact brief.
About Securden
Securden provides leading privileged access governance and identity security solutions that uniquely combine critical security principles to prevent cyberattacks, malware propagation and insider exploitation. With products designed for security and scalability (Password Vault for Enterprises, Unified PAM, Endpoint Privilege Manager, and Unified PAM MSP), Securden is trusted by organizations worldwide, including large financial institutions, government agencies, healthcare organizations, educational institutions, IT service providers, MSPs, and manufacturing companies. For more information, visit https://www.securden.com.
Media ContactJames [email protected]
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Managed Security Services Market Forecast to Exceed USD 101.86 Billion by 2031 Due to Escalating Security Concerns | SkyQuest Technology

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July 4, 2024

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WESTFORD, Mass., July 4, 2024 /PRNewswire/ — According to SkyQuest, the global Managed Security Services Market size was valued at USD 26.89 billion in 2022 and is poised to grow from USD 31.18 billion in 2023 to USD 101.86 billion by 2031, growing at a CAGR of 15.95% during the forecast period (2024-2031).

The global managed security services market has been growing rapidly, over the last couple of years, due to the increasing security threats or risks and increasing challenges in managing security over IT networks. It’s impossible to ignore the fact that small businesses face relentless cyberattacks, including malware, ransomware, advanced threats, advanced persistent threats, and data breaches, leading to remote and hybrid operations systems.
Download a detailed overview:
https://www.skyquestt.com/sample-request/managed-security-services-market
Managed Security Services Market Overview:
Report Coverage
Details
Market Revenue in 2023
USD 31.18 billion
Estimated Value by 2031
USD 101.86 billion
Growth Rate
Poised to grow at a CAGR of 15.95%
Forecast Period
2024–2031
Forecast Units
Value (USD Billion)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
Service Type, Type, Organization Size, Security, Type and Industry Vertical
Geographies Covered
North America, Europe, Asia Pacific, and the Rest of the world
Report Highlights
Updated financial information / product portfolio of players
Key Market Opportunities
Surge in Demand for Managed Detection and Response (MDR) Service
Key Market Drivers
Cyber Threats are Growing Complex 
Segments covered in Managed Security Services Market are as follows:
Service TypeManaged IAM, managed vulnerability management, managed risk and compliance, managed detection and response, managed firewall, and managed SIEM and log management, othersTypeFully managed, co-managedOrganization SizeSmall and medium-sized enterprises, Large enterprisesSecurity TypeNetwork security, cloud security, endpoint security, application security, othersIndustry VerticalBFSI, government, healthcare & life sciences, telecommunications, IT and ITeS, Retail and eCommerce, energy and utilities, manufacturing, and other verticalsRequest Free Customization of this report:
https://www.skyquestt.com/speak-with-analyst/managed-security-services-market
Rapid Responders: Incident Response Services
Managed detection and response are the large segment in the managed security services market. Managed detection-response services provide continuous improvement, threat detection, and response capabilities critical to today’s enterprises facing sophisticated cyber threats. This segment is characterized by the increasing prevalence and importance of cyberattacks advanced threat detection and response strategies beyond traditional security measures. The ability of the MDR service to provide comprehensive analysis of security incidents and take corrective action quickly is essential to minimize potential damage and ensure business continuity.
Managed identity and access management is the fastest growing segment in the market. The rising growth in this sector is driven by the need for robust stakeholder solutions in an era of digital transformation and remote collaboration. The rise of cyber threats and increasing regulatory requirements for data security and privacy and the main drivers of this segment.
Data Guardians: Data Protection Services
The global market recognizes the dominant position of the entire service management segment. This dominance is largely due to the scope of this role, in which companies assume full responsibility for an organization’s security programs from security providers, especially those without in-house security expertise or resources. These roles cover a wide range of security measures, including threat identification, incident response, compliance management and continuous monitoring. Adoption rates are also driven by the increasing complexity of cyber threats, which require a strong, 24/7 monitored security measure that only specialized providers can provide further strengthening its position as the largest market share.
In addition to the dominance of fully managed services, the advanced management segment is growing the fastest in the global market. This increase is driven by hybrid security models that offer a collaborative approach between internal IT teams and external security providers.
View report summary and Table of Contents (TOC):
https://www.skyquestt.com/report/managed-security-services-market
Safeguarding Tomorrow’s Digital Frontiers
As businesses and organizations take on the cyber panorama in terms of severe, MSS vendors remain vigilant guards, the use of advanced era and professional insights. Managed Security Services (MSS) have emerged as the cornerstone of present-day cybersecurity strategies, presenting strong protection in opposition to threats in a more and more digital international.
Related Report:
Cyber Security Market
Network Security Market
Endpoint Security Market
Cloud Security Market
Application Security Market
About Us:
SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology.
We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization has expanded our reach across North America, Europe, ASEAN and Asia Pacific.
Contact:Mr. Jagraj SinghSkyquest Technology1 Apache Way,Westford,Massachusetts 01886USA (+1) 351-333-4748Email: [email protected] Our Website: https://www.skyquestt.com/
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