Connect with us
European Gaming Congress 2024

Artificial Intelligence

Defense Geospatial System Market to Reach $367.40 Billion, Globally, by 2032 at 11.4% CAGR: Allied Market Research

Published

on

defense-geospatial-system-market-to-reach-$36740-billion,-globally,-by-2032-at-11.4%-cagr:-allied-market-research

The global defense geospatial system market is experiencing growth due to a demand of reconnaissance and surveillance, and Integration with other systems in the defense industry
PORTLAND, Ore., Aug. 9, 2023 /PRNewswire/ — Allied Market Research published a report, titled, “Defense Geospatial System Market by technology (Geographic Information System, Global Positioning System, and Remote Sensing), by type (Surface Analysis, Network Analysis, and Geo Visualization), by application (Military Logistics, Intelligence Gathering, and Battlefield management): Global Opportunity Analysis and Industry Forecast, 2023-2032”. According to the report, the global defense geospatial system market was valued at $126.4 billion in 2022, and is projected to reach $367.40 billion by 2032, registering a CAGR of 11.4% from 2023 to 2032. 
Download Sample Pages – https://www.alliedmarketresearch.com/request-sample/14264
Geospatial technology is increasingly important in national security issues, as individuals working in the defense sector can benefit from data exchange. As social media and other platforms create massive amounts of data every second, government agencies may now utilize GIS as a tool to evaluate data and generate meaningful insights. Defense intelligence employs geographic information systems (GIS) to track important data on hotspots and establish preventive actions for future risks to national security and public safety.
Prime determinants of growth  
The global defense geospatial system Market is driven by factors such as demand of reconnaissance, and surveillance, and Integration with other systems. However, high cost and lack of accessibility, and concern of data privacy and protection are hampering the growth of the defense geospatial system Market. On the contrary, AI combined with geospatial system, and use of AR and VR in defense Geospatial system is expected to offer remunerative opportunities for the expansion of the defense geospatial system market during the forecast period. 
Report Coverage & Details: 
Report Coverage 
Details 
Forecast Period 
2023–2032 
Base Year 
2022
Market Size in 2022 
$126.4 billion 
Market Size in 2032 
$367.40 billion 
CAGR 
11.4 %
No. of Pages in Report 
280
Segments Covered 
Technology, Type, Application, and Region 
Drivers  
Demand of Reconnaissance, and surveillance  
Integration with other systems 
Opportunities 
High Cost and lack of accessibility 
Concern of Data Privacy and Protection 
Restraints 
AI combined with geospatial system 
Use of AR and VR in defense Geospatial system 
 
 Impact of Russia-Ukraine war   
Many geospatial system providers offered their services to the Ukraine in the Russia-Ukraine war. For instance, on March 1, 2022, Ukraine’s Ministry of Digital Transformation requested synthetic-aperture radar (SAR) data from worldwide remote sensing enterprises and organizations to support the Ukrainian Armed Forces. SAR technology is a type of earth observation (EO) data that is very important in wartime since it can penetrate cloud cover and give imagery in a variety of weather conditions. The demand from Ukraine helps the technology to market itself in the defense geospatial market. The pandemic led to increase demand for defense geospatial system market, as most of the European countries are looking to enhance their geospatial system due to the Russia-Ukraine war. Procure Complete Research Report Now – https://www.alliedmarketresearch.com/defense-geospatial-market/purchase-options
The Remote Sensing segment to maintain its leadership status throughout the forecast period 
Based on technology, the remote sensing segment held the highest market share in 2022, accounting for nearly two-fifths of the global defense geospatial system market revenue and is estimated to maintain its leadership status throughout the forecast period. Remote sensing plays a vital role in defense geospatial applications since they are used for variety of operations including surveillance and reconnaissance. There are several market developments, as well as emerging technologies developed by manufacturers and brought to modern geospatial systems. However, the global positioning system (GPS) segment would cite the fastest CAGR of 12.2% from 2023 to 2032. 
The surface analysis segment to maintain its leadership status throughout the forecast period 
Based on type, the surface analysis segment held the highest market share in 2022, accounting for more than two-fifths of the global defense geospatial system market revenue and is estimated to maintain its leadership status throughout the forecast period. Geospatial surface analysis assists military forces in assessing the terrain, comprehending the physical environment, and making strategic and tactical decisions. It is also used to map the underwater surface, as in July 2022. Such developments have been creating opportunities for the private players operating in the defense geospatial system market. The network analysis segment, on the other hand, is estimated to showcase the notable CAGR of12.8% during the forecast period. 
The intelligence gathering segment to maintain its leadership status throughout the forecast period 
Based on application, the intelligence gathering segment held the highest market share in 2022, accounting for nearly two-fifths of the global defense geospatial system market revenue and is estimated to maintain its leadership status throughout the forecast period. The same segment is projected to cite the fastest CAGR of 12.0% from 2023 to 2032. Various countries have dedicated surveillance and intelligence collection services. The National Geospatial-Intelligence Agency (NGA) and the National Reconnaissance Office (NRO), for example, are two departments that support US intelligence. NGO collects and analyses geospatial information before disseminating it to other government agencies such as the military forces and law enforcement, whereas NRO gets essential information using satellites and meets its primary aim of acquiring imagery. NRO supports the US intelligence services in carrying out activities. 
North America held the highest market share in 2022 
Based on region, North America held the highest market share in terms of revenue in 2022, accounting for more than one-third of the global defense geospatial system market revenue, however LAMEA region and is estimated to gain market domination in the forecasting period with growing CAGR of 13.2%. The domination of North America region is due to the presence of major geospatial companies in the region. Whereas in LAMEA region defense geospatial technology is widely used in military planning, surveillance, and information gathering. One of the prime examples is Israel’s IDF or Israel defense forces which utilizes IDF collects data using signal intelligence, geographical intelligence, and visual intelligence among the others. 
Leading Market Players: – 
Airbus  BlackSky NV5 Global, Inc. Hexagon AB Environmental Systems Research Institute, Inc. (ESRI) Trimble Inc. Maxar Technologies ON Semiconductors MapLarge Orbital Insight TerraGo Interested to Procure the Research Report? Inquire Before Buying – https://www.alliedmarketresearch.com/purchase-enquiry/14264
The report provides a detailed analysis of these key players of the global defense geospatial system market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.  
Similar Reports We Have on Defense Industry:
Geospatial Solutions Market Research Report 2023-2035
Aerial Imaging Market Research Report 2023-2035
Commercial Satellite Imaging Market Research Report 2023-2035
Military RADAR Market Research Report 2023-2035
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:David Correa1209 Orange Street,Corporation Trust Center,Wilmington, New Castle,Delaware 19801 USA.USA/Canada (Toll Free):+1-800-792-5285UK: +44-845-528-1300Hong Kong: +852-301-84916India (Pune): +91-20-66346060Fax: [email protected]: www.alliedmarketresearch.comAllied Market Research Blog: https://blog.alliedmarketresearch.com
Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg
 
View original content:https://www.prnewswire.co.uk/news-releases/defense-geospatial-system-market-to-reach-367-40-billion-globally-by-2032-at-11-4-cagr-allied-market-research-301896730.html

Continue Reading
Advertisement
Stake.com

Artificial Intelligence

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

Published

on

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.
 
Logo – https://mma.prnewswire.com/media/2259522/CapitaLand_without_investment_Logo.jpg 

View original content:https://www.prnewswire.co.uk/news-releases/capitaland-investment-launches-research-paper-on-asia-pacific-data-centre-investment-strategies-in-the-age-of-digitalisation-302189520.html

Continue Reading

Artificial Intelligence

Securden Recognized as a Market Leader in GigaOm Radar Report for Enterprise Password Management

Published

on

securden-recognized-as-a-market-leader-in-gigaom-radar-report-for-enterprise-password-management

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]
Logo – https://mma.prnewswire.com/media/2362812/securden_logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/securden-recognized-as-a-market-leader-in-gigaom-radar-report-for-enterprise-password-management-302189680.html

Continue Reading

Artificial Intelligence

Managed Security Services Market Forecast to Exceed USD 101.86 Billion by 2031 Due to Escalating Security Concerns | SkyQuest Technology

Published

on

managed-security-services-market-forecast-to-exceed-usd-101.86-billion-by-2031-due-to-escalating-security-concerns-|-skyquest-technology

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/
Logo: https://mma.prnewswire.com/media/2446095/SkyQuest_Logo.jpg
 

View original content:https://www.prnewswire.co.uk/news-releases/managed-security-services-market-forecast-to-exceed-usd-101-86-billion-by-2031-due-to-escalating-security-concerns–skyquest-technology-302189493.html

Continue Reading
Advertisement
Stake.com
Advertisement

Latest News

Trending