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Smart Sensors Market worth $136.3 billion by 2029 – Exclusive Report by MarketsandMarkets™

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CHICAGO, March 18, 2024 /PRNewswire/ — The global Smart Sensors market was valued at USD 61.9 billion in 2024 and is projected to reach USD 136.3 billion by 2029; it is expected to grow at a CAGR of 17.1% from 2024 to 2029 according to a new report by MarketsandMarkets™. Increasing use of smart sensors to meet Industry 4.0 requirements, surging demand for IOT-based devices and consumer electronics and increasing demand for wireless technology to monitor and control security devices are some of the key drivers driving the growth of smart sensors market.

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Browse in-depth TOC on “Smart Sensors Market”
180 – Tables55 – Figures280 – Pages
Smart Sensors Market Report Scope:
Report Coverage
Details
Market Revenue in 2024
$ 61.9 billion
Estimated Value by 2029
$ 136.3 billion
Growth Rate
Poised to grow at a CAGR of 17.1%
Market Size Available for
2020–2029
Forecast Period
2024–2029
Forecast Units
Value (USD Million/Billion)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
By Type, Technology, Network Connectivity, Component, End-user Industry, and Region
Geographies Covered
Americas, Asia Pacific, Europe, and RoW
Key Market Challenge
Increasing Lack of skilled workforce
Key Market Opportunities
Growing need for predictive maintenance in industries
Key Market Drivers
Increasing demand for wireless technology to monitor and control security devices
The microcontrollers segment is expected to grow at the highest growth rate during the forecast period.
The microcontrollers segment in the smart sensors market is expected to experience the highest growth rate during the forecast period. Microcontrollers (MCUs) are crucial components in smart sensors as they play a vital role in their functionality by providing processing power to interpret sensor data, perform calculations, and facilitate communication with other devices. There are several strong reasons for this significant growth. Firstly, as sensors become more complex and collect richer data, they require more processing power and control capabilities offered by microcontrollers (MCUs). Secondly, with the expansion of the Internet of Things (IoT), there is an increasing need for embedded intelligence in devices, which drives the demand for MCUs in smart sensors. Finally, continued advancements in MCU technology, such as miniaturization, power efficiency, and performance improvements, make them even more appealing for smart sensor applications.
France is expected to hold the second-largest market share in smart sensor market by 2029.
France is expected to hold the second-largest share in the European smart sensor industry by 2029. This is due in part to the country’s well-established industrial sector, especially in areas like automotive and aerospace, where companies such as Airbus, Thales Group, and Renault Group are major users of smart sensors. The French government is actively promoting the development and adoption of smart technologies, including smart sensors, through various initiatives and programs. For instance, they are planning to increase the renewable energy capacity to 100GW by 2050. Additionally, France has a strong focus on research and development, which can lead to advancements in smart sensor technology and potentially position French companies competitively in the market.
China in Asia Pacific region to hold the largest market share throughout the forecast period.
China is likely to continue dominating the smart sensors market in Asia Pacific during the forecast period due to the government initiatives undertaken to boost the adoption of industrial automation and IIoT. Ongoing industrialization and urbanization in the country are expected to contribute to market growth in China. Process industries (particularly chemical production and petroleum refining) and public utilities (especially electric power generation) will continue to be the leading markets for gas sensors in the country. Rapid economic development in China and adoption of sensors in manufacturing, energy & power, and pharmaceuticals end-user Industries are set to fuel market growth in China.
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Key Players
Some of the leading companies operating in the smart sensors companies are Analog Devices, Inc. (US), Infineon Technologies AG (Germany), Texas Instruments Incorporated (US), Microchip Technology Inc. (US), STMicroelectronics (Switzerland), TE Connectivity (Switzerland), Siemens (Germany), ABB (Switzerland), Honeywell International Inc. (US), Robert Bosch GmbH (Germany), TDK Corporation (Japan), Sensirion AG (Switzerland), Eaton (Ireland), Emerson Electric Co. (US), NXP Semiconductors (Netherlands), General Electric (US), Legrand (France), Balluff GmbH (US), Renesas Electronics Corporation (Japan), MEMSIC Semiconductor Co., Ltd. (China), among others.
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Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting
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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] Our Web Site: https://www.marketsandmarkets.com/Research Insight: https://www.marketsandmarkets.com/ResearchInsight/smart-sensor-market.aspContent Source: https://www.marketsandmarkets.com/PressReleases/smart-sensor.asp
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Borderless AI and Nium Transform Employer of Record Business with Real-Time Cross-Border Payments

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Strategic alliance will allow for employers to seamlessly pay employees and contractors in 100 currencies across more than 190 countries
TORONTO, May 1, 2024 /PRNewswire/ — Today, Borderless AI, a leading Employer of Record (EOR) services provider, announced its strategic partnership with Nium, the global leader in real-time, cross-border payments, aiming to revolutionize cross-border payments in the EOR industry. This collaboration marks a significant milestone in enhancing efficiency, transparency, and speed in global employment and payroll solutions.

The traditional EOR process often faces delays and inefficiencies in cross-border payments, leading to administrative bottlenecks and hindered business operations. With Nium’s cutting-edge technology integration, Borderless AI is able to streamline operations, offering faster, more efficient, and secure payment solutions. This enables organizations to confidently navigate international complexities, seamlessly pay employees and contractors, and manage remote teams more efficiently.
Nium’s advanced payment infrastructure and global network facilitate seamless fund transfers across borders, eliminating intermediaries and significantly reducing transaction times. Borderless AI can now provide clients with instant transfer of funds through Nium’s platform, enabling efficient management of payroll, taxes, expenses, and financial obligations across more than 190 countries.
“Our collaboration with Nium represents a significant leap in delivering multi-country payroll and unmatched value to our customers,” said Willson Cross, CEO of Borderless AI. “By leveraging Nium’s innovative technology, we empower businesses to efficiently manage their global workforce while ensuring timely and secure cross-border payments.”
Some benefits derived by organizations like Affiniti Finance and MG2 Corporation include:
Faster and more affordable cross-border payments.Worldwide access to 190+ countries and 100 currencies, with funds available real-time in 100 markets.Helps scale globally in a compliant manner, by adhering to local regulations and maintaining robust security measures.”Borderless AI is contributing to the changing Employer of Record industry and we are excited to be a part of their journey,” said Prajit Nanu, CEO and Co-founder of Nium. “By integrating our real-time cross-border payment solutions with Borderless AI’s EOR expertise, we empower businesses to transcend geographical barriers and unlock new opportunities for growth.”
In conjunction with this partnership and to strengthen its industry expertise, Borderless AI is officially announcing the addition of Rajesh Venkatesh as Chief Payments Officer and Umesh Maini as Chief Product Officer to its executive team. Both leaders bring invaluable experience from the global payments space. Venkatesh previously served as Chief Product Officer at Nium and worked as a payments executive for a combined 15 years at PayPal and eBay. Maini previously served as Chief Product Officer at Buckzy  – a cross-border payments network and embedded finance platform – and has worked as a payments executive at Western Union and TD Bank.
This strategic alliance underscores Borderless AI and Nium’s shared commitment to innovation and excellence in global employment solutions, paving the way for businesses to navigate cross-border operations efficiently and unlock new growth possibilities. For more information, visit us here.
About Borderless AI:Borderless AI is a global payroll solution that leverages the power of generative AI to automate and speed up the process of onboarding, managing, and paying international team members. With Borderless AI, businesses can compliantly hire and manage talent worldwide without establishing a foreign entity while alleviating the complexities and risks associated with hiring global employees. With a focus on innovation and customer service, Borderless AI developed Alberni, the world’s first AI agent for global HR. Alberni uses conversational AI to simplify global employment tasks from contract creation to expense management. The company is headquartered in Toronto, Canada, and has raised $27 million in seed funding to date, backed by Susquehanna and Aglaé Ventures.
About Nium:Nium, the leader in real-time, cross-border payments, was founded on the mission to deliver the global payments infrastructure of tomorrow, today. With the onset of the global economy, its payments infrastructure is shaping how banks, fintechs, and businesses everywhere collect, convert, and disburse funds instantly across borders. Its payout network supports 100 currencies and spans 190+ countries, 100 of which in real-time. Funds can be disbursed to accounts, wallets, and cards and collected locally in 35 markets. Nium’s growing card issuance business is already available in 34 countries. Nium holds regulatory licenses and authorisations in more than 40 countries, enabling seamless onboarding, rapid integration, and compliance – independent of geography. The company is co-headquartered in San Francisco and Singapore.
Media ContactInkhouse for Borderless [email protected]
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Appdome Unveils World’s First Agentless Mobile EDR & MTD

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Appdome MobileEDR™ removes complexity and friction with new unified Enterprise Mobile Endpoint Detection and Response and Mobile Threat Defense Solution
REDWOOD CITY, Calif., May 1, 2024 /PRNewswire/ — Appdome, the mobile app economy’s one-stop shop for mobile app defense, today announced Appdome MobileEDR™, a new enterprise mobile app protection service that consolidates Mobile Threat Defense (MTD) and Endpoint Detection & Response (EDR) capabilities into a single agentless product offering. MobileEDR leverages the 300+ defenses of the Appdome platform and provides real-time mobile threat and attack detection, deep mobile device inspection and anywhere enforcement to keep enterprise networks and resources safe from malware, supply chain and other attacks.

Legacy MTD and mobile EDR solutions have failed to adequately protect against the growing proliferation of mobile threats. To work, these early offerings required user-dependent software agents, such as separate mobile apps or profiles, to be installed on the user’s mobile device(s). These added agents, apps and profiles raised privacy concerns among employees, slowed adoption and could be disabled by the mobile end user, leaving gaps in device inspection and mobile threat detection.  Likewise, these early offerings often impose a manual implementation burden and complex SDKs on resource constrained mobile development teams, leading most teams to shelve or abandon MTD and mobile EDR deployment. Appdome is eliminating this friction and delivering the world’s first agentless, no code, no server solution for enterprise mobile apps to ensure maximum enterprise adoption and protection.
“Mobile EDR and threat detection solutions have failed to gain wide adoption for several reasons – privacy concerns and compliance, implementation complexity of SDKs, and lack of mobile end-user trust with MTD apps and agents on their BYOD devices,” said Richard Stiennon Chief Research Analyst with IT-Harvest. “The Appdome approach gives organizations the full power of Mobile EDR and MTD, including protection, response, and visibility without the friction of SDK, server, and agent-based approaches.”
The Appdome MobileEDR is an in-app mobile EDR and MTD solution coded into enterprise mobile applications by Appdome’s patented no-code, unified mobile app defense platform. By delivering the needed device inspection, threat detection and telemetry capabilities in the mobile app itself, Appdome provides continuous and comprehensive monitoring of Android and iOS devices, including mobile smartphones, embedded apps, VR apps, and wearable apps. All mobile threat inspections are performed throughout the lifecycle of use for each mobile app, without any server, server call outs or other external attestation. This ensures full runtime protection, improves stability and responsiveness, and eliminates signal spoofing common with server attestation services. 
“We’ve built the first mobile EDR/MTD solution that addresses the reality of how organizations need to detect and respond to mobile threats in the enterprise,” said Tom Tovar, co-creator and CEO of Appdome. “SolarWinds taught all of us that malware on a mobile device can compromise an enterprise network and to protect the enterprise network, you need broad adoption and persistence in your mobile EDR/MTD solution. It does no good if it’s not used or it can be turned off.”
Key features of Appdome MobileEDR solution include:
In-App Enterprise Delivery: Appdome MobileEDR is the only solution that can be deployed in both internally developed and 3rd party mobile applications without any code, coding, SDKs or servers. All mobile EDR/MTD capability is added in the enterprise application and hardened against reverse engineering and attacks by design.In-Use Mobile Threat Inspection:  Once embedded in an enterprise mobile app, Appdome’s Threat-EKG feature functions as a persistent mobile EDR/MTD solution during the lifecycle of use for each mobile application. That means, it operates when the enterprise mobile application is in use (and does not operate when it’s not in use). This eliminates any privacy concerns and allows the mobile EDR/MTD to detects mobile threats relevant to the enterprise business in real time.Broadest Mobile Threat Detection: Appdome packs 300+ mobile app security, anti-malware, anti-spyware, anti-vishing, anti-fraud, social engineering, geo-compliance, and anti-bot defenses into MobileEDR to offer enterprises the most comprehensive mobile device inspection, EDR and MTD on the market. Anywhere Enforcement: The Appdome MobileEDR’s Anywhere Enforcement™ model allows enterprises to use mobile threat detection and defense data across the entire enterprise infrastructure, including the mobile app, mobile app server, IAM service layer, UEM/MAM/MDM, or firewall/WAF. This ensures that enterprises can get the full benefit of deep device inspection on managed and unmanaged mobile devices.Adaptive Mobile Trust: Appdome MobileEDR is the only mobile threat detection and defense system that empowers the enterprise to set the level of trust to use in evaluating on-device mobile threats. Enterprises can use either Zero-Trust, to ensure the device is free of any specific threat before allowing connection, login or activity in the mobile app. Or, Enterprises can use Dynamic Trust which evaluates the device state dynamically throughout the lifecycle of mobile app use.Appdome ThreatSource™: Appdome MobileEDR comes ready to use with application userID or sessionID to give enterprises even deeper investigation and telemetry on threats and attacks impacting their users and network.Appdome ThreatScope™ Mobile XDR: Telemetry data is visualized in ThreatScope, which provides instant visibility and rapid, agile response to any threat or attack against Android & iOS apps.”Enterprises need more flexible and agile ways to stay ahead of mobile threats, malware, NSOs, and protect their employees and networks effectively,” said Chris Roeckl, Chief Product Officer at Appdome. “MobileEDR is the only mobile EDR and MTD that goes beyond the basic device inspection to include geo-compliance, social engineering defenses and more. We can’t wait to get this product into the hands of enterprises everywhere.”
Appdome will be demonstrating the new Appdome MobileEDR solution at the RSA Conference 2024 in San Francisco May 6-9, 2024 in booth #2339. For more information about Appdome MobileEDR, please visit our web site at https://www.appdome.com/enterprise-mobile-app-security/mobile-endpoint-detection-and-response/.  
About AppdomeThe Appdome mission is to protect every mobile app and mobile user in the world. . Appdome provides the mobile industry’s only Unified Mobile App Defense platform, powered by a patented mobile coding engine, Threat-Events™ Threat-Aware UX/UI Control, and ThreatScope™ Mobile XDR. Using Appdome, mobile brands eliminate complexity, ship faster and save money by delivering 300+ Certified Secure™ mobile app security, anti-malware, anti-fraud, mobile anti-bot, anti-cheat, geo compliance, MiTM attack prevention, code obfuscation, social engineering and other protections in Android and iOS apps with ease, inside the mobile DevOps and CI/CD pipeline. Leading financial, healthcare, government and m-commerce brands use Appdome to protect Android and iOS apps, mobile customers and mobile businesses globally. Appdome holds several patents including U.S. Patents 9,934,017 B2, 10,310,870 B2, 10,606,582 B2, 11,243,748 B2 and 11,294,663 B2. Additional patents pending.
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Cloud Orchestration and AI Innovation Fuel Asia Pacific’s Emergence as Premier Hub for Next-Generation Data Center Sites

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SINGAPORE, May 1, 2024 /PRNewswire/ — The acceleration of digital transformation initiatives such as hybrid cloud deployments, Artificial Intelligence (AI) and Machine Learning (ML) solutions, and the implementation of the Internet of Things (IoT) at the edge network continues to generate usage and demand for next-generation data centers. According to global technology intelligence firm ABI Research, next-generation colocation data centers will reach 7,640 sites by 2030, growing at a Compound Annual Growth Rate (CAGR) of 6.8%.

Data centers will continue playing an integral role in driving enterprises’ digital operations. “Deployment of cloud-based solutions remains a top agenda for many enterprises, necessitating the demand for data centers. The rise of edge-to-cloud data management orchestration solutions increases the benefits of running workloads through a robust and well-equipped data center,” says Yih-Khai Wong, Distributed and Edge Computing Senior Analyst at ABI Research.
Data centers are undergoing a transformation phase. “This is necessary as data and workloads are getting more complex, requiring higher processing capabilities. We are seeing an increasing demand for mega and large data center sites that can support AI/ML workloads, including generative AI,” Wong explains.
Asia Pacific (excluding China) will host the largest number of colocation sites by 2030, accounting for 28% of total colocation sites worldwide. Europe is the second largest region with 27%, while North America is third with 24%. This represents a shift compared to 2023, when Europe had the most colocation sites, with 31% of total sites, followed by North America with 27%, and the Asia Pacific (excluding China) with 22%.
“The emergence of generative AI has also boosted demand for next-generation data center capabilities. The processing of large language models (LLMs) will require a tremendous amount of data processing power and excellent network connectivity. Data center operators will have to ensure that current and future data center sites can meet the requirements generated from new technologies,” Wong concludes.
These findings are from ABI Research’s Next-Generation Data Center Forecasts market data report. This report is part of the company’s Distributed and Edge Computing research service, which includes research, data, and ABI Insights.
About ABI Research
ABI Research is a global technology intelligence firm delivering actionable research and strategic guidance to technology leaders, innovators, and decision makers around the world. Our research focuses on the transformative technologies that are dramatically reshaping industries, economies, and workforces today.
ABI Research是一家国际科技情报公司,为全球科技领袖、创新人士和决策者提供实用的市场研究和战略性指导。我们密切关注一切为各行各业、全球经济和劳动市场带来颠覆性变革的创新与技术。
For more information about ABI Research’s services, contact us at +1.516.624.2500 in the Americas, +44.203.326.0140 in Europe, +65.6592.0290 in Asia-Pacific, or visit www.abiresearch.com.
Contact Info:GlobalDeborah Petrara Tel: [email protected] 
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