Artificial Intelligence
Border Security Market worth $34.4 billion by 2029 – Exclusive Report by MarketsandMarkets™
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CHICAGO, July 15, 2024 /PRNewswire/ — The border security market is projected to reach USD 34.4 billion by 2029, from USD 26.8 billion in 2024, at a CAGR of 5.1% from 2024 to 2029 according to a new report by MarketsandMarkets™. The market growth can be attributed to the rising geopolitical instability and growing adoption of new technologies for border security. The border security market includes major players Lockheed Martin Corporation (US), General Dynamics Corporation (US), Northrop Grumman (US), BAE Systems (UK), and Thales (France). These players have spread their business across various countries includes North America, Europe, Asia Pacific, and Middle East.
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Browse in-depth TOC on “Border Security Market” 253 – Tables84 – Figures302 – Pages
Border Security Market Report Scope:
Report Coverage
Details
Market Revenue in 2024
$ 26.8 billion
Estimated Value by 2029
$ 34.4 billion
Growth Rate
Poised to grow at a CAGR of 5.1%
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 Domain, Vertical, System, Installation & Region
Geographies Covered
North America, Europe, Asia Pacific, and Rest of World
Key Market Challenge
High Cost of R&D and requirement of critical infrastructure for testing border security systems
Key Market Opportunities
Infrastructure modernization of border security systems
Key Market Drivers
Public safety concerns near border areas
Based on system, the surveillance system segment is estimated to lead the market during the forecast period.
The surveillance system segment of the border security market is expected to lead due to the increasing need for advanced monitoring solutions to address rising security threats. With advancements in technology, these systems offer enhanced capabilities such as real-time monitoring, and improved accuracy. Governments and border control agencies are investing heavily in these systems to ensure comprehensive security, efficient threat detection, and rapid response, making surveillance systems a critical component of modern border security infrastructure.
Based on Installation, the upgradation segment is forecasted to be the fastest growing segment during the forecast period.
Based on installation, the market is segmented into new installation and upgradation. Upgradations in border security are expected to grow significantly as nations respond to emerging threats and technological advancements. With the increasing sophistication of criminal and terrorist activities, traditional border security measures are becoming insufficient, prompting the need for enhanced and modernized systems. Upgrades such as the integration of advanced surveillance technologies, including drones, high-resolution cameras, and thermal imaging, provide more comprehensive monitoring and detection capabilities.
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The North America region is estimated to lead the market in 2024.
The border security industry is expected to be dominated by North America, with a projected market share of 58.5% in 2024. This is caused by a number of important elements, including as the geopolitical environment, the economic potential of the North American nations, and the existence of numerous significant players in the area.
Strong security measures are required since North America, and especially the United States, has a large area of land and sea boundaries. The region has made significant expenditures in advanced border security technologies as a result of its focus on stopping drug trafficking, illegal immigration, and possible terrorist activity. Furthermore, the financial resources of North American nations enable the widespread acquisition and implementation of advanced security measures. The defense and security budgets of the governments in this region are substantial, allowing them to invest in state-of-the-art technologies such as unmanned aerial vehicles, biometrics, and surveillance systems.
Key Players
The major players in border security companies include Lockheed Martin Corporation (US), General Dynamics Corporation (US), Northrop Grumman (US), BAE Systems (UK), Thales (France), RTX Corporation (US), Leonardo S.p.A. (Italy), Elbit Systems Ltd. (Israel), L3Harris Technologies, Inc. (US) and Israel Aerospace Industries (Israel).
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Artificial Intelligence
Simply NUC® Launches Intel® AI PC Development Kit to Empower AI Innovators
![simply-nuc-launches-intel-ai-pc-development-kit-to-empower-ai-innovators](https://roboticulized.com/wp-content/uploads/2024/08/152564-simply-nuc-launches-intel-ai-pc-development-kit-to-empower-ai-innovators.jpg)
Intel Subsidy Provides $500 Discount for AI Developers on AI PC Development Kit
AUSTIN, Texas and BELFAST, United Kingdom and DUBLIN, Aug. 21, 2024 /PRNewswire/ — Simply NUC, a global leader in customized PC solutions, in collaboration with Intel, proudly announces the Intel® AI PC Development Kit. This advanced kit is equipped with the powerful Core Ultra 7 (155H), 32GB RAM, 512GB storage, and Windows 11 Pro, making it ideal for developers and researchers focused on AI innovation. The configured PC features Intel® Iris® Xe graphics and the OpenVINO™ toolkit, enabling optimized AI performance for deep learning and computer vision tasks.
The Intel AI PC Development Kit is tailored for software developers, data scientists, and educators focused on AI and machine learning projects. With robust processing capabilities, users can efficiently create, test, and deploy AI models. Additionally, as part of the Intel AI Developer Program, users gain access to valuable resources such as tutorials, webinars, and community support. Program participants can also enjoy a $500 discount on the kit, making it an affordable and comprehensive solution for AI innovation.
“We are thrilled to offer this powerful PC development kit to the AI community,” said Aaron Rowsell, President & Founder of Simply NUC. “With the combined expertise of Intel and Simply NUC, this kit provides developers with everything they need to push the boundaries of what can be achieved with AI technology.”
The launch of the Intel AI PC Development Kit represents a pivotal moment for Simply NUC as the company continues to enhance its portfolio of specialized computing solutions. The kit is poised to become an essential resource for AI developers and researchers worldwide by leveraging Intel’s leading technology and Simply NUC’s expertise in high-performance PCs.
The Intel AI PC Development Kit is now available through all Simply NUC websites. For more information and to take advantage of the developer program discount, visit: https://simplynuc.com/intel-for-ai-developers/
About Simply NUC:Formed in 2015 and headquartered in Round Rock, Texas, Simply NUC, Inc. is a global systems integrator and OEM specializing in customized small form factor PCs. Simply NUC provides fully configured, warrantied, and supported PC systems, as well as end-to-end NUC project development, custom operating system installations, and NUC accessories. Learn more at www.simplynuc.com.
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Artificial Intelligence
Tower Company EuroTeleSites to Advance Digital Transformation with Sitetracker
![tower-company-eurotelesites-to-advance-digital-transformation-with-sitetracker](https://roboticulized.com/wp-content/uploads/2024/08/152560-tower-company-eurotelesites-to-advance-digital-transformation-with-sitetracker.png)
Cost and time savings will drive efficiencies; powerful analytics sharpens rollout strategies
MONTCLAIR, N.J., Aug. 21, 2024 /PRNewswire/ — Sitetracker, the world’s leading provider of deployment operations management software, will implement its software at EuroTeleSites, third largest listed company in Europe with markets in Austria, Bulgaria, Croatia, Slovenia, North Macedonia, and Serbia. With Sitetracker, EuroTeleSites will increase the efficiencies of wireless infrastructure deployments across all countries, improve product management and asset management, and harness its troves of proprietary data for strategic insights.
With more than 13,500 sites across CEE, EuroTeleSites deploys, operates, and maintains a massive network of critical infrastructure that wireless service providers across all six countries use. Rising customer expectations led to the company’s plan to move off its legacy asset management software to a modern platform with better usability and built-in data analytics. EuroTeleSites will make that digital transformation with Sitetracker.
“The approximately 400,000 mobile towers of all telcos and TowerCos throughout Europe form the infrastructural backbone of an increasingly digital, mobile society. As a tower operator, this requires close coordination with customers, authorities, landlords and suppliers: from site selection to construction and maintenance. Sitetracker helps us synchronize all the necessary information across countries and in real time and use it more effectively,” comments Lars Mosdorf, CFO of EuroTeleSites and responsible for IT, on the potential of the software changeover. “With the introduction of Sitetracker, we are creating state-of-the-art support for our team and the basis for big data analytics, machine learning and, in a later step, digital twins,” says Mosdorf, delighted with the forward-looking investment.
Sitetracker continues to see extraordinary success in international markets, particularly in Europe where telecom service providers are investing in high-capacity fiber and wireless infrastructure to deliver much-anticipated 5G services. The Sitetracker product suite, with its built-in best practices for the telco industry, offers a complete telecom ecosystem with prebuilt, intelligent templates and workflows based on years of experience that benefit EuroTeleSites as it moves nimbly to respond to its customers.
“In order to reap the benefits of digital transformation, which include significant cost and time savings, companies must re-imagine old processes and use data to improve them,” said Giuseppe Incitti, CEO of Sitetracker. “Sitetracker gives telcos and TowerCos the tools to make this shift simply and effectively, so they can move forward with clear, precise, real-time information and focus on serving their customers with maximal efficiency. We look forward to a continued positive relationship with EuroTeleSites.”
About SitetrackerSitetracker powers the rapid deployment of tomorrow’s infrastructure. The global leader in deployment operations management software, Sitetracker helps innovative companies like Cox, Telefonica, EVgo, Nextera, Comcast, ChargePoint, Cypress Creek Renewables, Ziply, Southern Company, Iberdrola, Vodafone, Vantage Towers, VerticalBridge, and Congruex plan, deploy, and manage millions of programs, projects, sites, and assets across nearly 300 customers globally. By giving telecommunications, EV charging, renewables, utility, and real estate teams a cloud-based solution that works easily and effectively, Sitetracker accelerates the transition to a fully connected and sustainable future. Deploy what’s next. For more information, please request a demo.
About EuroTeleSitesEuroTeleSites, a listed company on the Vienna Stock Exchange, is the leading provider of telecommunications infrastructure and solutions in the CEE region. It is building the region’s digital infrastructure by operating 13,552 strategically located sites in the second quarter 2024. In the 2023 reporting period (Sep 22 – Dec 31), 165 employees generated revenues of EUR 71.9 million. As a European player among the top 30 tower companies worldwide, EuroTeleSites´ goal is to further strengthen its position as a trusted partner in the telecommunications industry. Besides A1 as the anchor tenant, customers range from mobile network operators to internet service providers, enterprises and government agencies. EuroTeleSites is dedicated to delivering reliable and innovative infrastructure solutions to meet the ever-growing connectivity needed in today´s world.
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Artificial Intelligence
Indosat Ooredoo Hutchison Elevates National Technological Ambition with the Unveiling of Indonesia’s First AI Experience Center
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JAKARTA, Indonesia, Aug. 21, 2024 /PRNewswire/ — Indosat Ooredoo Hutchison (Indosat or IOH, IDX: ISAT) has taken a significant step forward in its larger purpose to empower Indonesia by launching the country’s first AI Experience Center at Solo Technopark in Solo, Central Java. This state-of-the-art facility, backed by advanced 5G connectivity, stands as a testament to Indosat’s commitment to shaping Indonesia’s future as an AI Nation and positioning the country as a key player in the global AI community.
The inauguration of this groundbreaking AI Experience Center was marked by the presence of prominent figures, including Wijaya Kusumawardhana, Expert Staff to the Minister for Social, Economic and Cultural Affairs representing the Minister of Communication and Informatics of the Republic of Indonesia; Vikram Sinha, President Director and CEO of Indosat Ooredoo Hutchison; and Teguh Prakosa, the Mayor of Surakarta. This milestone underscores Indonesia’s strides toward realizing its vision of a Golden Indonesia 2045 through the adoption of advanced technologies, with 5G connectivity serving as the backbone of this transformation.
Expert Staff to the Minister of Communication and Informatics of the Republic of Indonesia for Social, Economic and Cultural Affairs, Wijaya Kusumawardhana, expressed, “We congratulate Indosat Ooredoo Hutchison for pioneering the first AI Experience Center in Indonesia. This initiative signifies a pivotal moment in the evolution of our telecommunications industry. We are confident that this experience center will catalyze further innovation across sectors, and we stand ready to support its success.”
President Director and CEO of Indosat Ooredoo Hutchison, Vikram Sinha, said, “This AI Experience Center marks a cornerstone in our journey to empower Indonesia through AI. It is a clear demonstration of our commitment to transforming Indonesia’s digital and telecommunications landscape. We deeply appreciate the support from the Indonesian government and our strategic partners who share our vision of propelling Indonesia onto the global stage. This is only the beginning of many exciting developments as we unlock infinite possibilities for millions of Indonesians.”
Mayor of Surakarta, Teguh Prakosa, emphasized, “We are honored that Indosat has chosen Solo for the establishment of Indonesia’s first AI Experience Center. This facility will not only enhance Solo Technopark but also trigger a multiplier effect on the local economy and digitalization, benefiting education, tourism, and job creation.”
Partnering with global technology leader Huawei, the Indosat AI Experience Center showcases cutting-edge AI technologies applicable to various sectors, including smart city management optimized by its 5G network, arts, food & beverages, and other creative industries. Beyond serving as a showcase for the latest AI innovations, the AI Experience Center will also function as a training hub, offering programs to students, public servants, and the broader community on how AI can enhance productivity and create new opportunities.
This hands-on experience is a precursor to the AI Center of Excellence that Indosat plans to establish, which will be powered by 5G technology and is set to be groundbreaking in the near future. Indosat’s commitment to catalyzing advanced technology in Solo began in 2021 with the launch of its 5G service, followed by the establishment of Solo Safari as the first 5G zoo in Indonesia.
Guided by Indosat’s overarching purpose of empowering Indonesia, the AI Experience Center is poised to be a catalyst for innovation, fostering the development of AI-ready talent, and providing society with the tools to harness AI’s transformative power. As Indonesia stands on the cusp of a technological revolution, Indosat’s AI Experience Center symbolizes not just the dawn of a new era, but the beginning of a journey that will see Indonesia rise as a leader in AI. With this facility, Indosat is not merely investing in technology; it is investing in the future of the nation—empowering Indonesians to seize the boundless opportunities that AI and 5G present and to propel the country toward a brighter, more innovative future.
About Indosat Ooredoo Hutchison
Indosat Ooredoo Hutchison (Indosat, IDX: ISAT) has the vision to become the most preferred digital telecommunications company in Indonesia. Together with its subsidiaries and affiliates, Indosat provides cellular services, ICT solutions, data centers, Fiber to the Home (FTTH), electronic payment services, financial services, and other digital services. Indosat has a larger purpose of empowering Indonesia, and with the spirit of Gotong Royong, Indosat wants to be the main collaborator in realizing it and creating meaningful change.
Disclaimer
This document may contain financial information and the results of certain operational activities, and may contain a number of projections, plans, strategies, and objectives of Indosat Ooredoo Hutchison, which are not statements of historical fact which will be treated as forward-looking statements in accordance with applicable law. Forward-looking statements are subject to risks and uncertainties that could result in actual events and future achievements of Indosat Ooredoo Hutchison different from those expected or indicated by the statements. No warranty can be given as to the results expected by Indosat Ooredoo Hutchison, or indicated by such statements, to be achieved.
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