Artificial Intelligence
Mobile Application Security Market Size to Grow USD 37.1 Billion by 2032 at a CAGR of 26.3%: Mobile Transactions has Increased Significantly as Governments are Encouraging digital Transactions | Valuates Reports
BANGALORE, India, Oct. 10, 2023 /PRNewswire/ — Mobile Application Security Market is Segmented by Component (Solution, Service), by Operating System (Android, iOS, Others), by Enterprise Size (Large Enterprise, Small and Medium-size Enterprise), by Industry Vertical (BFSI, IT and Telecom, Retail, Healthcare, Government, Education, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032. It is Published in Valuates Reports Under the Category of Computer Security.
The global mobile application security market was valued at USD 3.7 Billion in 2022, and is projected to reach USD 37.1 Billion by 2032, growing at a CAGR of 26.3% from 2023 to 2032.
Major Factors Driving the Growth of Mobile Application Security Market:
The primary factors driving the mobile application security market are the expansion of government initiatives for digitalization and the use of digital transaction applications. Additionally, as governments promote digital transactions through various efforts, the amount of mobile transactions has considerably expanded. The necessity for strong security solutions to safeguard sensitive financial data, stop fraud, and guarantee secure transactions has risen as a result of the rising reliance on mobile applications for financial transactions.
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TRENDS INFLUENCING THE GROWTH OF MOBILE APPLICATION SECURITY MARKET:
Because governments are promoting digital transactions through various efforts, the amount of mobile transactions has greatly expanded. Due to the increasing use of mobile applications for financial transactions, there is a greater need for effective security solutions to safeguard sensitive financial information, stop fraud, and guarantee secure transactions. Additionally, as the number of digital transactions has increased, data security and privacy have grown to be very important issues. Governments are emphasizing privacy protection and shielding their populations from cyber risks more and more. A favorable atmosphere is thus created for the expansion of the mobile application security business by government measures for digitization and the increase in the prevalence of digital transaction applications.
Because governments are promoting digital transactions through various efforts, the amount of mobile transactions has greatly expanded. Due to the increasing use of mobile applications for financial transactions, there is a greater need for effective security solutions to safeguard sensitive financial information, stop fraud, and guarantee secure transactions. Additionally, as the number of digital transactions has increased, data security and privacy have grown to be very important issues. Governments are emphasizing privacy protection and shielding their populations from cyber risks more and more. A favorable atmosphere is thus created for the expansion of the mobile application security business by government measures for digitization and the increase in the prevalence of digital transaction applications.
BYOD services are being made available by businesses to enable employee mobility. BYOD allows staff members to use their own electronic devices, including laptops, cellphones, and tablets, at their workspace. BYOD further provides mobile device communication over a secure network. The main forces behind the BYOD trend’s popularity are an increase in productivity and employee happiness. Unauthorized data access, data loss and leakage, and malware assaults are the three main problems businesses face while implementing BYOD. Therefore, it is anticipated that increased demand for network security, improved and enhanced data privacy, and security would accelerate the use of mobile device security solutions.
Mobile devices are now a common target for financial fraud due to the rising use of mobile banking and payment apps. In this context, the importance of secure transactions and the protection of financial data has driven a significant investment in security solutions by the mobile app market.
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MOBILE APPLICATION SECURITY MARKET SHARE ANALYSIS:
Due to the fact that the Asia-Pacific area is a hotbed for cyber threats and assaults aimed at mobile apps, the region is anticipated to have the highest increase throughout the projected period. Cybercriminals take use of flaws in mobile applications to steal confidential data, commit fraud, and disseminate malware. Strong mobile app security solutions, such as threat detection, safe coding techniques, and real-time monitoring to guard against developing cyber threats, are required as a result of the evolving threat landscape.
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Key Companies:
VMware, IncFortify (Open Text)Cisco Systems, IncHCL Technologies LimitedIBM CorporationF5, IncOracleGitLab B.V.PradeoSynopsys, Inc.Buy Customized Report: https://reports.valuates.com/request/customisation/ALLI-Manu-0V91/Mobile_Application_Security_Market
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Artificial Intelligence
ZTE highlights building solid foundations with full-stack intelligent computing solution at MWC Shanghai 2024
SHANGHAI, June 26, 2024 /PRNewswire/ — ZTE Corporation (0763.HK / 000063.SZ), a global leading provider of integrated information and communication technology solutions, will present innovative solutions and success cases in connectivity, computing power, industrial digitalization, and terminal devices at MWC Shanghai 2024, committed to building solid foundations with its full-stack and full-scenario intelligent computing solution.
In addition to exhibitions, ZTE will participate in various forums, sharing insights on trending topics, including AI, 5G, digitalization, etc. Meanwhile, the company will be hosting a series of launch events, showcasing its AI-powered eyewear-free 3D products and the Nebula Telecom Large Model.
Adhering to its “connectivity + computing” strategy, ZTE aims to create a dynamic ecosystem with industry partners, emphasizing openness and decoupling. Through continuous innovation, ZTE seeks to unfold an intelligent future.
Computing Power: Full-Stack Intelligent Computing as Efficient Foundation
ZTE provides a full-stack and full-scenario intelligent computing solution involving computing power, networks, capabilities, intelligence, and applications. With a full series of servers, high-performance storage products, lossless networks, and green data centers, ZTE has created a robust engine for diverse intelligent computing centers.
Connectivity: A New Era of 10Gbps Experience
Together with industry partners, ZTE continues to explore innovations in 5G-A technologies across different scenarios and industries, and empowers diversified new B2B and B2C services based on 10Gbps+ experience. Meanwhile, ZTE is also leading in global OTN technologies, and actively driving the evolution of all-optical connectivity, building 10Gbps networks for cities, and empowering smart life based on intelligent computing.
Industry: Phygital Convergence for Innovative Development
ZTE proposes the solution of “intelligent computing infrastructure + Digital Nebula,” facilitating phygital innovation and boost productivity in the intelligent era. ZTE has developed hundreds of exemplary projects in key sectors and ZTE Digital Nebula 3.0 has become the “super brain” of industrial digitalization, enabling customers and industry partners to foster a sustainable and intelligent ecosystem.
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For more information about ZTE’s highlights at MWC Shanghai 2024, please visit: https://www.zte.com.cn/global/about/news/zte-highlights-building-solid-foundations-with-full-stack-intelligent-computing-solution-at-mwc-shanghai-2024.html
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Artificial Intelligence
Comviva named a Visionary in the 2024 Gartner® Magic Quadrant™ for AI in CSP Customer and Business Operations Report
NEW DELHI, June 26, 2024 /PRNewswire/ — Comviva, the global leader in customer experience and data monetization solutions, today announced that it has been named a Visionary in the 2024 Gartner Magic Quadrant for AI in CSPs Customer and Business Operations report.
Gartner defines the market of AI in communications service provider (CSP) customer and business operations as commercial off-the-shelf (COTS) products. They are either capabilities embedded in CSP-specific operational technology (OT) applications (such as channels, CRM and other business support system [BSS] applications) or industry-agnostic horizontal applications delivering AI/machine learning (ML)-based customer and business operations to CSPs. CSP customer and business operations refer to marketing, sales, customer acquisition, customer journey, billing and revenue management, revenue assurance, and related risk management. The scope of AI products covers data readiness, life cycle management of algorithms and their application to CSP customer and business operations.
Comviva’s vision is to revolutionize the telecommunications industry by harnessing the transformative power of AI and Generative AI. With AI use cases across its MobiLytix™ and BlueMarble solutions, Comviva is enabling businesses to create, manage, and deliver real-time personalization, contextualized customer experiences, and intelligence-driven commerce at scale. Comviva has been noted for its strength in content creation, natural language generation, decision intelligence and machine learning.
“To thrive in today’s digital economy, businesses must accelerate the adoption of AI and related digital technologies. Comviva’s greatest strength has been our intelligent platforms that deliver personalized experiences and engagement across the customer journey,” said Rajesh Chandiramani, CEO at Comviva. “We are excited by this recognition as we believe that this affirms our strategic direction and leadership in revolutionizing telecommunications with AI. Comviva’s strong position in the quadrant validates our commitment and progress toward leveraging next-gen technologies in our solutions to deliver exceptional customer experiences.”
Comviva integrates state-of-the-art AI technologies across its comprehensive product portfolio, driving innovation, enhancing customer experiences, and optimizing business operations for Communications Service Providers (CSPs) around the world.
Source: Gartner Magic Quadrant for AI in CSP Customer and Business Operations, by Pulkit Pandey, Amresh Nandan, Peter Liu, 4 June 2024.
GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally, MAGIC QUADRANT is a registered trademark of Gartner, Inc. and/or its affiliates and are used herein with permission. All rights reserved.
Contact
Sundeep Mehta, +91()9910030732, [email protected]
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Artificial Intelligence
Jacobi releases Model Portfolio Tech to help investment firms capitalise on booming opportunity
The search for technology to support model portfolio management and portfolio construction services is increasing as companies look to centralise and scale their model portfolio management and compete in a rapidly growing market.
LONDON, June 26, 2024 /PRNewswire/ — The utilisation of model portfolios among financial advisers has emerged as a transformative force, with staggering growth in model portfolios projected to continue over the next decade. And with good reason, they offer an efficient method for diversification, risk management, and portfolio construction, with personalisation features to match the unique financial goals and risk tolerances of clients.
Financial advisers are also increasingly turning to asset managers for assistance in managing the model portfolios they build and maintain for clients. Jacobi’s model management technology enables asset managers to scale the portfolio construction services they offer financial professionals. The technology enables a platform that can centralise performance and risk analytics, integrate investment workflows, and produce professional reports to share with clients.
An early adopter of Jacobi’s model technology, leading asset manager T. Rowe Price has seen improved process efficiencies and enhanced engagement with clients.
Chris Augelli, Head of Advisor Engagement & Portfolio Construction Solutions at T. Rowe Price, says:
“Jacobi’s technology has enabled us to work faster and handle the increasing demand for our portfolio construction services. Having the team on one common platform through Jacobi has facilitated collaboration in real-time, which has supported our effectiveness in meeting clients’ needs.”
Tanya Bartolini, Chief Revenue Officer at Jacobi, says:
“Our technology helps us partner with asset managers such as T.Rowe Price to scale and connect workflows, driving enormous efficiencies – and ultimately increasing their market distribution.”
About Jacobi
Jacobi Inc. is a global investment technology provider that streamlines multi-asset investment processes and enables portfolio design, analysis, and client engagement. Its unique “open architecture” platform allows users to tailor the platform by integrating their own code, models, data, analytics, and applications.
Founded in 2014, Jacobi provides its technology to top-tier investors across the globe, including some of the world’s leading asset and wealth managers, pension funds, asset owners, and investment consultants.
About T.Rowe Price
Founded in 1937, T. Rowe Price helps people around the world achieve their long-term investment goals. As a large global asset management company known for investment excellence, retirement leadership, and independent proprietary research, the firm is built on a culture of integrity that puts client interests first. Investors rely on the award-winning firm for its retirement expertise and active management of equity, fixed income, alternatives, and multi-asset investments. T. Rowe Price manages $1.54 trillion in client assets as of May 31, 2024, and it serves millions of clients globally.
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