Connect with us

Artificial Intelligence

[Latest] Global Intelligent Park Assist Market Size/Share Worth USD 21.7 Billion by 2032 at a 23% CAGR: Custom Market Insights (Analysis, Outlook, Leaders, Report, Trends, Forecast, Segmentation, Growth, Growth Rate, Value)

Published

on

Austin, TX, USA, Aug. 10, 2023 (GLOBE NEWSWIRE) — Custom Market Insights has published a new research report titled Intelligent Park Assist Market Size, Trends and Insights By Hardware (Pucks (Wireless Sensors), Cameras & LPRs, Smart Meters, Signage, Parking Gates), By Software (Parking Guidance System, Analytics Solutions), By Service (Consulting Service, Engineering Service, Mobile App Parking Service), By Type (On-street, Off-street, Garage Parking, Lot Parking), By Application (Commercial, Government, Transport Transit), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032 in its research database.

“According to the latest research study, the demand of global Intelligent Park Assist Market size & share was valued at approximately USD 7.22 Billion in 2022 and is expected to reach USD 8.66 Billion in 2023 and is expected to reach a value of around USD 21.7 Billion by 2032, at a compound annual growth rate (CAGR) of about 23% during the forecast period 2023 to 2032.”

Click Here to Access a Free Sample Report of the Global Intelligent Park Assist Market @ https://www.custommarketinsights.com/request-for-free-sample/?reportid=27854

Intelligent Park Assist Market -Growth Factors and Dynamics

  • Increasing Urbanization: As urban areas continue to expand, the demand for parking spaces rises, leading to traffic congestion and parking challenges. IPA systems offer a smart solution to optimize parking space utilization and improve overall traffic flow in densely populated cities.
  • Technological Advancements: Advancements in sensor technology, artificial intelligence, and data processing have enhanced the accuracy and effectiveness of IPA systems. These innovations have made parking guidance and automated parking maneuvers more reliable and user-friendly.
  • Rising Consumer Awareness: Increasing awareness among consumers about the benefits of IPA, such as time-saving, reduced stress, and improved convenience, has driven the demand for these smart parking solutions.
  • Government Initiatives: Governments and municipalities are recognizing the importance of smart mobility solutions in addressing urban parking issues and reducing environmental impact. Many are implementing policies and incentives to promote the adoption of IPA systems.
  • Integration with Vehicle Infotainment: Automakers are integrating IPA technology into their infotainment systems, making it more accessible to drivers. This integration has led to the broader adoption of IPA in new vehicles.
  • Enhanced User Experience: IPA systems offer real-time information on available parking spaces, making it easier for drivers to locate and access parking spots. The user-friendly interfaces and guidance features have contributed to a positive user experience.
  • Environmental Sustainability: IPA systems can reduce the time spent searching for parking, leading to lower fuel consumption and emissions. As environmental concerns grow, these eco-friendly aspects of IPA systems attract more attention.
  • Improving Infrastructure: The development of smart infrastructure, such as connected parking lots and smart city initiatives, has provided a conducive environment for the growth of IPA systems.
  • Potential for Revenue Generation: IPA systems can facilitate efficient payment processing for parking, providing opportunities for revenue generation for parking operators and municipalities.
  • Competitive Landscape: As the IPA market expands, companies are increasingly investing in research and development to introduce innovative features and stay competitive in the market, fostering continuous growth and evolution of the technology.

Request a Customized Copy of the Intelligent Park Assist Market Report @ https://www.custommarketinsights.com/request-for-customization/?reportid=27854

Report Scope

Feature of the Report Details
Market Size in 2023 USD 8.66 Billion
Projected Market Size in 2032 USD 21.7 Billion
Market Size in 2022 USD 7.22 Billion
CAGR Growth Rate 23% CAGR
Base Year 2022
Forecast Period 2023-2032
Key Segment By Hardware, Software, Service, Type, Application and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

(A free sample of the Intelligent Park Assist report is available upon request; please contact us for more information.)

Our Free Sample Report Consists of the following:

  • Introduction, Overview, and in-depth industry analysis are all included in the 2022 updated report.
  • The COVID-19 Pandemic Outbreak Impact Analysis is included in the package.
  • About 220+ Pages Research Report (Including Recent Research)
  • Provide detailed chapter-by-chapter guidance on the Request.
  • Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2022
  • Includes Tables and figures have been updated.
  • The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis 
  • Custom Market Insights (CMI) research methodology

(Please note that the sample of the Intelligent Park Assist report has been modified to include the COVID-19 impact study prior to delivery.)

Request a Customized Copy of the Intelligent Park Assist Market Report @ https://www.custommarketinsights.com/report/intelligent-park-assist-market/

Intelligent Park Assist Market: COVID-19 Analysis

  • Disruptions in Supply Chain: The pandemic led to disruptions in global supply chains, affecting the production and distribution of IPA components and systems. Manufacturing facilities faced shutdowns or reduced operations, leading to delays in product availability and installation.
  • The decline in Automotive Sales: As the pandemic caused economic uncertainties, consumer spending on big-ticket items like automobiles decreased. This decline in automotive sales affected the adoption of IPA systems, as many of these technologies are integrated into new vehicles.
  • Reduced Mobility and Parking Demand: Lockdowns, travel restrictions, and work-from-home arrangements led to a significant reduction in overall mobility and parking demand in many regions. With fewer people driving and less need for parking spaces, the demand for IPA systems temporarily decreased.
  • Shift towards Contactless Solutions: In response to the pandemic, there was an increased focus on contactless and touchless solutions to minimize physical interactions. This trend encouraged the adoption of mobile parking payment apps and digital parking solutions, which could affect the demand for IPA systems.
  • Government Budget Constraints: Governments faced budget constraints due to the pandemic’s economic impact, which might have slowed down investments in smart city projects, including the deployment of IPA systems.
  • Focus on Safety and Hygiene: During the pandemic, there was a heightened emphasis on safety and hygiene in public spaces. Parking facilities and infrastructure may have been modified to ensure compliance with health protocols, affecting the integration and implementation of IPA systems.

Request a Customized Copy of the Intelligent Park Assist Market Report @ https://www.custommarketinsights.com/report/intelligent-park-assist-market/

Key questions answered in this report:

  • What is the size of the Intelligent Park Assist market and what is its expected growth rate?
  • What are the primary driving factors that push the Intelligent Park Assist market forward?
  • What are the Intelligent Park Assist Industry’s top companies?
  • What are the different categories that the Intelligent Park Assist Market caters to?
  • What will be the fastest-growing segment or region?
  • In the value chain, what role do essential players play?
  • What is the procedure for getting a free copy of the Intelligent Park Assist market sample report and company profiles?

Key Offerings:

  • Market Share, Size & Forecast by Revenue | 2022−2030
  • Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
  • Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by regions
  • Competitive Landscape – Top Key Vendors and Other Prominent Vendors

Buy this Premium Intelligent Park Assist Research Report | Fast Delivery Available – [220+ Pages] @ https://www.custommarketinsights.com/report/intelligent-park-assist-market/

List of the prominent players in the Intelligent Park Assist Market:

  • Altiux Innovations
  • Amano McGann Inc.
  • Amco S.A.
  • BMW AG (ParkNow GmbH Parkmobile LLC)
  • Cisco Systems Inc.
  • CivicSmart Inc.
  • Deteq Solutions
  • Flowbird
  • gtechna
  • INDECT Electronics & Distribution GmbH
  • Kapsch TrafficCom
  • Libelium Comunicaciones Distribuidas S.L.
  • Meter Feeder Inc.
  • Mindteck
  • Municipal Parking Services Inc.
  • Nedap N.V.
  • Park Assist
  • ParkHelp Technologies
  • ParkJockey
  • ParkMe Inc.
  • Robert Bosch GmbH
  • Siemens AG
  • SKIDATA AG
  • Smart Parking Ltd.
  • SpotHero, Inc.
  • Swarco AG
  • Urbiotica S.L.
  • Others

Request a Customized Copy of the Intelligent Park Assist Market Report @ https://www.custommarketinsights.com/report/intelligent-park-assist-market/

(We customized your report to meet your specific research requirements. Inquire with our sales team about customizing your report.)

Still, Looking for More Information? Do OR Want Data for Inclusion in magazines, case studies, research papers, or Media? 

Email Directly Here with Detail Information: [email protected]

Browse the full Intelligent Park Assist Market Size, Trends and Insights By Hardware (Pucks (Wireless Sensors), Cameras & LPRs, Smart Meters, Signage, Parking Gates), By Software (Parking Guidance System, Analytics Solutions), By Service (Consulting Service, Engineering Service, Mobile App Parking Service), By Type (On-street, Off-street, Garage Parking, Lot Parking), By Application (Commercial, Government, Transport Transit), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032 Report at https://www.custommarketinsights.com/report/intelligent-park-assist-market/

Intelligent Park Assist Market – Regional Analysis

  • North America: North America, particularly the United States, was a leading market for Intelligent Park Assist systems. The region’s strong automotive industry, high urbanization rates, and willingness to adopt advanced technologies contributed to the growth of IPA solutions. Major cities with dense populations and limited parking space availability drove the demand for smart parking systems.
  • Europe: Europe also represented a significant market for Intelligent Park Assist solutions. Many European cities face parking challenges due to historical layouts and increasing urbanization. Governments and municipalities in the region have actively promoted smart mobility solutions, including IPA, as part of their smart city initiatives.
  • Asia-Pacific: The Asia-Pacific region showcased immense potential for the growth of Intelligent Park Assist systems. Rapidly urbanizing countries like China and India, with expanding vehicle ownership, have faced severe parking and traffic congestion issues. As a result, there was a growing interest in smart parking solutions, and governments initiated pilot projects and investments in smart mobility technologies.
  • Latin America: While the adoption of Intelligent Park Assist was comparatively lower in Latin America, there were signs of increasing interest. As urbanization rates continued to rise in major cities across the region, governments and private entities recognized the importance of implementing smart parking solutions to ease congestion and improve parking management.
  • Middle East and Africa: The Intelligent Park Assist market in the Middle East and Africa was in its early stages of development. Some countries in the region, particularly the Gulf Cooperation Council (GCC) countries, have shown interest in smart city initiatives, which could drive the demand for IPA systems in the future.

Click Here to Access a Free Sample Report of the Global Intelligent Park Assist Market @ https://www.custommarketinsights.com/report/intelligent-park-assist-market/ 

Spectacular Deals

  • Comprehensive coverage
  • Maximum number of market tables and figures
  • The subscription-based option is offered.
  • Best price guarantee
  • Free 35% or 60 hours of customization.
  • Free post-sale service assistance.
  • 25% discount on your next purchase.
  • Service guarantees are available.
  • Personalized market brief by author.

Browse More Related Reports: 

Cold Storage Market: Cold Storage Market Size, Trends, and Insights By Type (Public, Private/Semi-Private), By Construction Type (Ports, Bulk Storage, Production Stores), By Temperature (Frozen, Chilled), By Application (Dairy, Pharmaceuticals, Fish, Meat, & Seafood, Fruits & Vegetables, Processed Foods, Others), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032

Luxury Car Rental Market: Luxury Car Rental Market Size, Trends and Insights By Rental Type (Business, Leisure), By Mode Of Booking (Offline, Online), By Rental Length (Short Term, Long Term), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032

Warehousing Market: Warehousing Market Size, Trends and Insights By Type (General Warehousing, Specialized Warehousing, Refrigerated Warehousing, Others), By Industry (Retail, Food & Beverages, Chemicals, Others), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032

Advanced Driver Assistance Systems (ADAS) Market: Advanced Driver Assistance Systems (ADAS) Market Size, Trends and Insights By System Type (Intelligent Park Assist (IPA), Lane Departure Warning (LDW), Road Sign Recognition (RSR), Tire Pressure Monitoring System (TPMS), Night Vision System (NVS), Automatic Emergency Braking (AEB), Adaptive Cruise Control (ACC), Adaptive Front Light (AFL), Blind Spot Detection (BSD), Cross Traffic Alert (CTA), Driver Monitoring System (DMS), Forward Collision Warning (FCW), Others), By Sensor Type (Image Sensors, Ultrasonic Sensors, LiDAR, Radar Sensors, Infrared (IR) Sensors, Laser Sensors), By Vehicle Type (Passenger Car, Light Commercial Vehicle, Truck, Bus), By Level of Autonomy (L1, L2, L3, L4, L5), By Electric Vehicle (Battery Electric Vehicles (BEV), Hybrid Electric Vehicles (HEV), Plug-in Hybrid Electric Vehicle (PHEV), Fuel Cell Electric Vehicle (FCEV)), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032

Automotive Electronics Market: Automotive Electronics Market Size, Trends and Insights By Component (Electronic Control Unit, Sensors, Current Carrying Devices, Others), By Application (ADAS, Infotainment, Body Electronics, Safety Systems, Powertrain Electronics), By Sales Channel (OEM, Aftermarket), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032

The Intelligent Park Assist Market is segmented as follows:

By Hardware

  • Pucks (Wireless Sensors)
  • Cameras & LPRs
  • Smart Meters
  • Signage
  • Parking Gates

By Software

  • Parking Guidance System
  • Analytics Solutions

By Service

  • Consulting Service
  • Engineering Service
  • Mobile App Parking Service

By Type

  • On-street
  • Off-street
    • Garage Parking
    • Lot Parking

By Application

  • Commercial
  • Government
  • Transport Transit

Click Here to Get a Free Sample Report of the Global Intelligent Park Assist Market @ https://www.custommarketinsights.com/report/intelligent-park-assist-market/

By Region

North America

  • The U.S.
  • Canada
  • Mexico

Europe

  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

This Intelligent Park Assist Market Research/Analysis Report Contains Answers to the following Questions.

  • Which Trends Are Causing These Developments?
  • Who Are the Global Key Players in This Intelligent Park Assist Market? What are Their Company Profile, Product Information, and Contact Information?
  • What Was the Global Market Status of the Intelligent Park Assist Market? What Was the Capacity, Production Value, Cost and PROFIT of the Intelligent Park Assist Market?
  • What Is the Current Market Status of the Intelligent Park Assist Industry? What’s Market Competition in This Industry, Both Company and Country Wise? What’s Market Analysis of Intelligent Park Assist Market by Considering Applications and Types?
  • What Are Projections of the Global Intelligent Park Assist Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
  • What Is Intelligent Park Assist Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
  • What Is the Economic Impact On Intelligent Park Assist Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
  • What Are the Market Dynamics of the Intelligent Park Assist Market? What Are Challenges and Opportunities?
  • What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Intelligent Park Assist Industry?

Click Here to Access a Free Sample Report of the Global Intelligent Park Assist Market @ https://www.custommarketinsights.com/report/intelligent-park-assist-market/

Reasons to Purchase Intelligent Park Assist Market Report

  • Intelligent Park Assist Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
  • Intelligent Park Assist Market report outlines market value (USD) data for each segment and sub-segment.
  • This report indicates the region and segment expected to witness the fastest growth and dominate the market.
  • Intelligent Park Assist Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
  • The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
  • Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
  • The Industry’s current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
  • Intelligent Park Assist Market Includes in-depth market analysis from various perspectives through Porter’s five forces analysis and provides insight into the market through Value Chain.

Reasons for the Research Report

  • The study provides a thorough overview of the global Intelligent Park Assist market. Compare your performance to that of the market as a whole.
  • Aim to maintain competitiveness while innovations from established key players fuel market growth.

Buy this Premium Intelligent Park Assist Research Report | Fast Delivery Available – [220+ Pages] @ https://www.custommarketinsights.com/report/intelligent-park-assist-market/

What does the report include?

  • Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Intelligent Park Assist market analysis.
  • The competitive environment of current and potential participants in the Intelligent Park Assist market is covered in the report, as well as those companies’ strategic product development ambitions.
  • According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.
  • For each segment mentioned above, actual market sizes and forecasts have been given.

Who should buy this report?

  • Participants and stakeholders worldwide Intelligent Park Assist market should find this report useful. The research will be useful to all market participants in the Intelligent Park Assist industry.
  • Managers in the Intelligent Park Assist sector are interested in publishing up-to-date and projected data about the worldwide Intelligent Park Assist market.
  • Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Intelligent Park Assist products’ market trends.
  • Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans. 

Request a Customized Copy of the Intelligent Park Assist Market Report @ https://www.custommarketinsights.com/report/intelligent-park-assist-market/

About Custom Market Insights:

Custom Market Insights is a market research and advisory company delivering business insights and market research reports to large, small, and medium-scale enterprises. We assist clients with strategies and business policies and regularly work towards achieving sustainable growth in their respective domains.

CMI provides a one-stop solution for data collection to investment advice. The expert analysis of our company digs out essential factors that help to understand the significance and impact of market dynamics. The professional experts apply clients inside on the aspects such as strategies for future estimation fall, forecasting or opportunity to grow, and consumer survey.

Follow Us: LinkedIn | Twitter | Facebook | YouTube

Contact Us:

Joel John

CMI Consulting LLC

1333, 701 Tillery Street Unit 12,

Austin, TX, Travis, US, 78702

USA: +1 801-639-9061

India: +91 20 46022736

Email: [email protected]

Web: https://www.custommarketinsights.com/

Blog: https://www.techyounme.com/

Blog: https://atozresearch.com/

Blog: https://www.technowalla.com/

Blog: https://marketresearchtrade.com/

Buy this Premium Intelligent Park Assist Research Report | Fast Delivery Available – [220+ Pages] @ https://www.custommarketinsights.com/report/intelligent-park-assist-market/

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

Hohem Shines at IFA and IBC Exhibitions with Innovative AI Tracking Stabilizers

Published

on

hohem-shines-at-ifa-and-ibc-exhibitions-with-innovative-ai-tracking-stabilizers

SHENZHEN, China, Sept. 30, 2023 /PRNewswire/ — Recently, Hohem, a trailblazer in the gimbal market, showcased its innovation at two renowned international exhibitions – the IFA exhibition in Berlin from September 3 to September 5, and the IBC exhibition in Amsterdam from September 15 to September 18. These exhibitions are significant platforms for industry players to present their latest innovations and connect with enthusiasts.

The IFA exhibition, a global hub for consumer electronics, saw Hohem presenting a range of sought-after smartphone gimbal and camera stabilizers, such as iSteady M6 and iSteady MT2. The magnetic AI tracker is much to the delight of photography enthusiasts. With this sensor, users can enjoy a smooth AI tracking experience without the need for an app or Bluetooth connection. By simply facing the AI sensor and making gestures, iSteady MT2 and iSteady M6 swiftly and accurately tracks the subject, capturing facial and body movements even in challenging scenarios.
At IFA, Hohem shared the stage with industry giants like DJI, Zhiyun, Huawei and Apple, underlining its position amidst renowned brands in the smart imaging arena. The booth design, characterized by a blend of deep black and vibrant orange, was a visual treat, adding a touch of sophistication and modernity.
Following IFA, Hohem participated in the IBC exhibition, a prestigious event in the broadcasting industry. The booth, mirroring the design theme from IFA, presented Hohem’s innovative applications of smart imaging technology in broadcasting. This event also featured industry stalwarts like Canon, Sony and Nikon, further enriching the discourse on broadcasting technology and imaging. Furthermore, the Hohem MIC-01 Wireless Microphone has received recognition and acknowledgment from industry competitors, establishing Hohem as a key player in the gimbal market.
In the coming days, Hohem will continue to uphold its brand mission of “Create a more straightforward way of recording memorable moments with tech” and introduce more user-friendly and efficient smart imaging devices. Hohem aspires to earn the trust and admiration of consumers globally, emerging as a go-to brand in the smart imaging landscape.
Photo – https://mma.prnewswire.com/media/2234122/image_5009599_21580373.jpgLogo – https://mma.prnewswire.com/media/2150200/hohem_LPR_New.jpg

View original content:https://www.prnewswire.co.uk/news-releases/hohem-shines-at-ifa-and-ibc-exhibitions-with-innovative-ai-tracking-stabilizers-301941602.html

Continue Reading

Artificial Intelligence

Digital Twin Market size worth USD 133.7 Billion, Globally, by 2030 at 38.1% CAGR: Verified Market Research®

Published

on

digital-twin-market-size-worth-usd-1337-billion,-globally,-by-2030-at-38.1%-cagr:-verified-market-research

The “Global Digital Twin Market Size By Type, By Technology, By Industry, By Geographic Scope And Forecast” report has been published by Verified Market Research®. The report provides an in-depth analysis of the global Digital Twin Market, including its growth prospects, market trends, and market challenges.
JERSEY CITY, N.J., Sept. 29, 2023 /PRNewswire/ — The Global Digital Twin Market is projected to grow at a CAGR of 38.1% from 2023 to 2030, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 7.2 Billion in 2022 and is expected to reach USD 133.7 Billion by the end of the forecast period.

Download PDF Brochure: https://www.verifiedmarketresearch.com/download-sample?rid=144337
Browse in-depth TOC on “Digital Twin Market”
202 – Pages
126 – Tables
37 – Figures
Global Digital Twin Market Sees Unprecedented Growth Amidst Pandemic Challenges
The global Digital Twin Market is experiencing remarkable growth, transforming industries and revolutionizing decision-making processes across the board. A Digital Twin, a virtual replication of physical entities or systems, is driving innovation and operational efficiency across healthcare, pharmaceuticals, automotive, transportation, and aerospace sectors.
Digital Twin Market Drivers and Industry Insights:
Amid the challenges posed by the COVID-19 pandemic, the healthcare and pharmaceutical sectors have embraced Digital Twin technology, leveraging its capabilities for drug experimentation, patient monitoring, and medication impact assessments. The energy & power sector is emerging as a significant driver of Digital Twin adoption, with the manufacturing industry optimizing operations through its integration.
Digital Twin Market Outlook and Future Prospects:
The global Digital Twin market’s outlook remains promising, driven by the imperative need for data-driven decision-making and enhanced operational efficiency. Through real-time data analysis and predictive modeling, Digital Twins enable organizations to anticipate and optimize the performance of products and processes throughout their lifecycle. The market’s growth is further propelled by ongoing advancements in technology, fostering a landscape of innovation and strategic collaborations.
North America stands at the forefront of the Digital Twin revolution, serving as a key innovation center and early adopter of Digital Twins and associated technologies. Major industry players, including General Electric (US), have significantly invested in the sector, underlining the region’s market leadership. Their contributions are shaping the industry’s future, driving research, and fostering advancements that will redefine how businesses operate in the digital age.
Digital Twin Market Key Players
The “Global Digital Twin Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Swim AI, Robert Bosch, Oracle, SAP, Ansys, Siemens AG, Microsoft Corporation, PTC, IBM, and General Electric.
The Digital Twin market represents a pivotal shift in how industries approach decision-making and operational efficiency. As we navigate the challenges brought forth by the pandemic, Digital Twins offer a beacon of innovation, enabling organizations to thrive in an increasingly digital world
To get market data, market insights, financial statements and a comprehensive analysis of the Global Digital Twin Market, please Contact Verified Market Research®.
Based on the research, Verified Market Research® has segmented the global Digital Twin Market into Type, Technology, Industry, And Geography.
Digital Twin Market, by Typeo  System Digital Twin
o  Process Digital twin
o  Product Digital Twin
Digital Twin Market, by Technologyo  Big Data Analytics
o  5G
o  AR, VR, and MR
o  AI and ML
o  Blockchain
Digital Twin Market, by Industryo  Retail
o  Telecommunication
o  Agriculture
o  Healthcare
o  Automotive and Transportation
o  Others
Digital Twin Market, by Geographyo  North America
U.SCanadaMexicoo  Europe
GermanyFranceU.KRest of Europeo  Asia Pacific
ChinaJapanIndiaRest of Asia Pacifico  ROW
Middle East & AfricaLatin AmericaBrowse Related Reports:
Digital Intelligence Platform Market By Component (Analytics, Data Management), By Vertical (Retail And E-commerce, Travel And Hospitality), By Touchpoint (Web, Mobile, E-Mail), By Geography, And Forecast
Digital Twin In Finance Market By Offering Type (Platforms And Solutions, Services), By Application Type (BFSI, Transport And Other Logistics, Healthcare, Manufacturing), By Geography, And Forecast
Digital Twin Technology Market By End-User (Manufacturing Process Planning and Product Design), By Application (Automotive, Aviation, Chemical, Healthcare), By Geography, And Forecast
Digital Accessibility Software Market By Product (Color Contrast Checker Software, Website Accessibility Software), By Application (Large Enterprises, SME’s), By Geography, And Forecast
Best Business Process Automation Software revitalizing business operations
Visualize Digital Twin Market using Verified Market Intelligence:
Verified Market Intelligence is our BI Enabled Platform for narrative storytelling in this market. VMI offers in-depth forecasted trends and accurate Insights on over 20,000+ emerging & niche markets, helping you make critical revenue-impacting decisions for a brilliant future.
VMI provides a holistic overview and global competitive landscape with respect to Region, Country, Segment, and Key players of your market. Present your Market Report & findings with an inbuilt presentation feature saving over 70% of your time and resources for Investor, Sales & Marketing, R&D, and Product Development pitches. VMI enables data delivery In Excel and Interactive PDF formats with over 15+ Key Market Indicators for your market.
About Us
Verified Market Research® is a leading Global Research and Consulting firm servicing over 5000+ customers. Verified Market Research® provides advanced analytical research solutions while offering information-enriched research studies. We offer insight into strategic and growth analyses, Data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance use industrial techniques to collect and analyze data on more than 15,000 high impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise and years of collective experience to produce informative and accurate research.
We study 14+ categories from Semiconductors & Electronics, Chemicals, Advanced Materials, Aerospace & Defense, Energy & Power, Healthcare, Pharmaceuticals, Automotive & Transportation, Information & Communication Technology, Software & Services, Information Security, Mining, Minerals & Metals, Building & Construction, Agriculture industry and Medical Devices from over 100 countries.
Contact UsMr. Edwyne FernandesVerified Market Research®US: +1 (650)-781-4080US Toll Free: +1 (800)-782-1768Email: [email protected]: https://www.verifiedmarketresearch.com/
Follow Us: LinkedIn | Twitter
Logo – https://mma.prnewswire.com/media/2015407/VMR_Logo.jpg
 

View original content:https://www.prnewswire.co.uk/news-releases/digital-twin-market-size-worth-usd-133-7-billion-globally-by-2030-at-38-1-cagr-verified-market-research-301942859.html

Continue Reading

Artificial Intelligence

Public Key Infrastructure (PKI) Market worth $13.8 billion by 2028 – Exclusive Report by MarketsandMarkets™

Published

on

public-key-infrastructure-(pki)-market-worth-$13.8-billion-by-2028-–-exclusive-report-by-marketsandmarkets™

PKI will continue to be used by organisations for secure digital communications, identity management, and data protection in an increasingly linked and digitised world because to its flexibility to adapt to new technologies and security issues
CHICAGO, Sept. 29, 2023 /PRNewswire/ — The global Public Key Infrastructure Market is estimated to be worth USD 5.5 billion in 2023 and is projected to reach USD 13.8 billion by 2028, at a CAGR of 20.2% during the forecast period, according to a new report by MarketsandMarkets™.

Browse in-depth TOC on “Public Key Infrastructure (PKI) Market”
358 – Tables 56 – Figures300 – Pages
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=145372975
Scope of the Report
Report Metrics
Details
Market size available for years
2017-2028
Base year considered
2022
Forecast period
2023-2028
Forecast units
Value (USD) Million/Billion
Segments Covered
By offering, deployment mode, organization size, application, and vertical
Region covered
North America, Europe, Asia Pacific, Middle East and Africa, and Latin America
Companies covered
Thales (France), Entrust Datacard (US), DigiCert (US), ManageEngine (US), Microsoft (US), HID Global (US), Google (US), AWS (US), AppViewX (US), Venafi (US), Nexus (Sweden), Sectigo (US), Futurex (US), GlobalSign (US), WISeKey (Switzerland), Cygnacom Solutions (US), Keyfactor (US), SECARDEO GmbH (Germany), Blue Ridge Networks (US), Softlock (Egypt), SSL.com (US), LAWtrust (South Africa), SecureMetric (Malaysia), Stormshield (France), and Enigma Information Security Systems (US)
The PKI market is being propelled by a convergence of factors in today’s digitally connected world. The escalating volume and complexity of cyberattacks have made robust security a paramount concern for organizations, prompting increased demand for PKI’s encryption, authentication, and digital signature capabilities. Secondly, regulatory compliance requirements, such as GDPR and HIPAA, mandate secure data handling and encryption, compelling organizations to adopt PKI solutions. The rise of digital transformation initiatives, remote work, and the Internet of Things further fuel the need for PKI to safeguard digital interactions, protect sensitive data, and establish trust in online transactions. As the digital landscape continues to expand and evolve, PKI remains the linchpin for ensuring cybersecurity, making it a pivotal driver in the cybersecurity market.
Request Sample Pages @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=145372975
By offering, the services segment to register the highest growth rate during the forecast period
The services segment of the PKI market is poised to register the highest growth rate during the forecast period, underlining the critical role of expert services in enabling organizations to harness the full potential of PKI solutions. Implementing and managing PKI can be complex, involving intricate cryptographic processes and security considerations. As cybersecurity threats evolve, organizations recognize the need for specialized expertise in securing digital identities and data. PKI service providers offer invaluable support, consultation, and implementation services to ensure a seamless and secure PKI deployment. Their role extends to customizing PKI solutions to align with the unique infrastructure of each organization, integrating PKI seamlessly into existing systems, and providing managed PKI services to streamline certificate management. Furthermore, PKI service providers play a vital role in ensuring compliance with stringent regulatory standards and industry best practices. Their training and support services empower organizations to maximize the benefits of PKI while maintaining the highest levels of security.
Based on vertical, the healthcare segment is to grow at the highest CAGR during the forecast period
The healthcare sector is poised to experience the highest compound annual growth rate within the PKI market during the forecast period, signaling a significant shift towards robust security and digital trust solutions. Several key factors contribute to this remarkable growth trajectory. The healthcare sector deals with highly sensitive patient data, making data security and patient privacy paramount concerns. PKI’s encryption and authentication capabilities provide a robust framework for safeguarding electronic health records, ensuring the integrity of medical data, and enabling secure sharing of patient information among healthcare providers. The COVID-19 pandemic has accelerated the adoption of telemedicine and remote healthcare services. The need for secure and trusted digital identities and communications has surged as the healthcare industry increasingly relies on digital platforms for remote consultations, diagnosis, and patient monitoring. PKI plays a pivotal role in enabling secure telehealth services, ensuring that patient data remains confidential and unaltered during remote interactions.
North America to hold the largest market share during the forecast period.
North America holds the largest market share during the forecast period in the PKI market, underscoring the region’s strong emphasis on cybersecurity, digital innovation, and regulatory compliance. North America is home to many enterprises, financial institutions, healthcare organizations, and government agencies, all of which rely heavily on robust cybersecurity solutions like PKI to protect sensitive data and ensure secure online transactions. The region’s recognition of PKI as a fundamental element of cybersecurity strategy drives its substantial market share. The United States, in particular, has a highly developed cybersecurity ecosystem, with numerous cybersecurity companies, research institutions, and government initiatives focused on enhancing digital security. This environment fosters innovation and adoption of advanced PKI solutions to address emerging threats.
Top Key Companies in Public Key Infrastructure (PKI) Market:
The major players in the Public Key Infrastructure Market are Thales (France), Entrust Datacard (US), DigiCert (US), ManageEngine (US), Microsoft (US), HID Global (US), Google (US), AWS (US), AppViewX (US), Venafi (US), Nexus (Sweden), Sectigo (US), Futurex (US), GlobalSign (US), WISeKey (Switzerland), Cygnacom Solutions (US), Keyfactor (US), SECARDEO GmbH (Germany), Blue Ridge Networks (US), Softlock (Egypt), SSL.com (US), LAWtrust (South Africa), SecureMetric (Malaysia), Stormshield (France), and Enigma Information Security Systems (US).
Recent Developments
April 2023 – Thales adds new phishing-resistant hybrid authenticators to its Passwordless Authentication for Microsoft Azure Active Directory Customers offering.April 2023 – Entrust Introduces Zero Trust Ready Solutions for Multi-Cloud Key Compliance, Next-Generation HSM, and Passwordless AuthenticationJanuary 2023 – A comprehensive digital trust system that combines public key infrastructure (PKI), certificate management, and certificate authority (CA) services was introduced by DigiCert. A significant product launch is Trust Lifecycle Manager, which is currently accessible as a component of the DigiCert ONE platform.February 2022 – To increase public trust in the cloud, Thales announced the continuation of its cooperation with Google Cloud. Organizations can confidently use the Google Cloud Platform (GCP) if the connection is stronger. The technique known as ubiquitous data encryption, which combines Thales’ Cypher Trust Cloud Key Manager and Google Cloud’s Confidential Computing, is activated. Customers can create and manage the encryption keys for data sent to Google Confidential Cloud Computing using the Thales Cypher Trust Data Security Gateway.Inquire Before Buying @ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=145372975
Public Key Infrastructure (PKI) Market Advantages:
Using cryptographic techniques to shield data from unauthorised access and manipulation, PKI offers a solid framework for protecting digital communications and transactions.Sensitive data is kept private and secure during transmission and storage because to PKI’s data encryption capabilities.Organisations are able to confirm the identity of users and devices before authorising access to sensitive resources thanks to PKI, which enables secure user and device authentication.Digital signatures can be created and verified with PKI, protecting the integrity and legitimacy of electronic documents and transactions.PKI offers non-repudiation, which makes it impossible for participants to claim they were not involved in a transaction because digital signatures serve as evidence of validity.Through techniques like S/MIME (encrypt/Multipurpose Internet Mail Extensions), PKI can encrypt email connections and protect the confidentiality and integrity of email information.Organisations can authorise access to systems and data based on certificate validation using PKI-based access controls, which provides an additional layer of protection.By issuing and managing digital certificates, PKI facilitates identity management by streamlining user access and account management.PKI offers a secure framework for data protection and identity verification, assisting organisations in adhering to legal and compliance standards.Report Objectives:
To define, describe, and forecast the Public Key Infrastructure Market based on segments based on offering, deployment mode, organization size, application, and vertical with regions covered.To forecast the size of the market segments with respect to five regions: North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America.To provide detailed information on the major factors (drivers, opportunities, threats, and challenges) influencing the growth of the Public Key Infrastructure Market.To analyze each submarket with respect to individual growth trends, prospects, and contributions to the global Public Key Infrastructure Market.To analyze opportunities in the market for stakeholders by identifying high-growth segments of the global Public Key Infrastructure Market.To profile the key market players, such as top and emerging vendors; provide a comparative analysis based on their business overviews, product offerings, and business strategies; and illustrate the market’s competitive landscape.To track and analyze competitive developments in the market, such as new product launches, product enhancements, partnerships, acquisitions, and agreements and collaborations.Browse Adjacent Market: Information Security Market Research Reports & Consulting
Browse Other Reports:
Zero-Trust Security Market – Global Forecast to 2028
AML Market – Global Forecast to 2028
Cloud Security Market – Global Forecast to 2028
Managed Security Services Market – Global Forecast to 2027
Emotion Detection and Recognition Market – Global Forecast to 2027
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact:Mr. Aashish MehraMarketsandMarkets™ INC.630 Dundee RoadSuite 430Northbrook, IL 60062USA: +1-888-600-6441Email: [email protected] Insight: https://www.marketsandmarkets.com/ResearchInsight/public-key-infrastructure-market.aspVisit Our Website: https://www.marketsandmarkets.com/Content Source: https://www.marketsandmarkets.com/PressReleases/public-key-infrastructure.asp
Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/public-key-infrastructure-pki-market-worth-13-8-billion-by-2028—exclusive-report-by-marketsandmarkets-301942813.html

Continue Reading
Advertisement

Latest News

Trending