Artificial Intelligence
Threat Hunting Market worth $6.9 billion by 2029- Exclusive Report by MarketsandMarkets™
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CHICAGO, July 16, 2024 /PRNewswire/ — The Threat Hunting Market is set to grow significantly. It’s expected to be worth around USD 3.4 billion in 2024 and increase to about USD 6.9 billion by 2029 at a CAGR of 14.9% during the forecast period, according to a new report by MarketsandMarkets™. The threat-hunting market is experiencing explosive growth as organizations struggle to combat a relentless wave of cyberattacks. Unlike traditional security measures that passively wait for threats to appear, threat hunting takes a proactive stance, actively searching for hidden threats lurking within networks. Several factors fuel this proactive approach. The increasing need to protect sensitive data, from financial records to intellectual property, compels organizations to adopt more robust security solutions. Also, the growing awareness of cyber risks across industries drives demand for proactive security solutions. By actively hunting for threats, organizations gain a critical advantage: identifying and neutralizing threats before they can wreak havoc, potentially saving millions of dollars, and safeguarding sensitive data.
Browse in-depth TOC on “Threat Hunting Market”
270 – Tables 50 – Figures350 – Pages
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Scope of the Report
Report Metrics
Details
Market size available for years
2018–2029
Base year considered
2023
Forecast period
2024–2029
Forecast units
Value (USD Billion)
Segments Covered
By Offering, By Threat Type, By Organization Size, By Deployment mode, By Vertical, and By Region
Geographies covered
North America, Europe, Asia Pacific, Middle East Africa, and Latin America
Major companies covered
Major vendors in the global Threat Hunting Market include IBM (US), Kaspersky (Russia), Capgemini (France), CrowdStrike (US), Trustwave (US), Verizon (US), SecureWorks (US), Sangfor (China), Eviden (France), Rapid 7(US), VMware (US), Solidworks (US), Trend Micro (Japan), Cynet (US), Palo Alto Networks (US) Cipher (India), Talatek (US), SOC Prime (US), RSI Security (US), Protected Harbour (US), Mindpoint Group (US), Exponential- E (UK), Redscan (UK), Iron Net Cybersecurity (US), LiveAction (US).
By Offering, the services segment will grow at the highest CAGR during the forecast period.
The global shortage of cybersecurity professionals is a significant challenge for organizations looking to build robust security postures. This shortage is particularly acute in threat hunting, which requires highly skilled individuals with a deep understanding of cyber threats, investigative techniques, and security tools. Threat-hunting services offer a compelling solution by providing access to experienced professionals, reducing internal workload, and offering a faster path to improved threat detection and response capabilities.
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By organization size, the large enterprise segment to hold a significant market share during the forecast period.
Large enterprises often deal with sensitive data (financial records, intellectual property, customer information) and critical infrastructure. A successful cyberattack can have devastating economic and reputational consequences, making proactive threat detection a top priority. Also, Large enterprises typically have sprawling IT environments encompassing on-premise infrastructure, cloud deployments, and a vast network of devices. This complexity creates numerous potential entry points for attackers, necessitating a proactive approach to uncover hidden threats. The high stakes, complex environments, compliance pressures, and advanced threats large enterprises face will drive the segment.
By region, Asia Pacific will grow at the highest CAGR during the forecast period.
The Asia Pacific region is undergoing significant growth in its threat-hunting market, driven by several key factors. The region faces a rising tide of cyberattacks, including malware, ransomware phishing attempts, data breaches, and advanced persistent threats (APTs). These attacks target businesses, governments, critical infrastructure, and individuals, forcing them to invest in proactive defense measures like threat hunting. The Asia Pacific region is undergoing a rapid digital transformation. This increased reliance on technology creates a larger attack surface for cybercriminals. As per the Fortinet Survey on the State of Security Operations in Asia-Pacific, Phishing and Insider threats are India’s most predominant cyber threats, with Approximately 50% of organizations ranking them as their top concerns. Also, only 44% of businesses have dedicated IT resources for security teams.
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Top Key Companies in Threat Hunting Market:
Major vendors in the global Threat Hunting Market include IBM(US), Kaspersky (Russia), Capgemini (France), CrowdStrike(US), Trustwave(US), Verizon (US), SecureWorks(US), Sangfor (China), Eviden (France), Rapid 7(US), VMware (US), Solidworks (US), Trend Micro (Japan), Cynet (US), Palo Alto Networks (US) Cipher (India), Talatek (US), SOC Prime (US), RSI Security (US), Protected Harbour (US), Mindpoint Group (US), Exponential- E (UK), Redscan (UK), Iron Net Cybersecurity (US), LiveAction (US).
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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.
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Artificial Intelligence
About Circul VS: A Core Continuous Blood Pressure Measurement Technology System Developed in Partnership with Dr. Ehud Baron
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SHENZHEN, China, Aug. 26, 2024 /PRNewswire/ — UTime Limited (NASDAQ: WTO) (“UTime” or the “Company”) is excited to announce its collaboration on Circul VS, a core continuous blood pressure measurement technology system developed in partnership with strategic partner, Dr. Ehud Baron. Designed to offer patients an accurate and user-friendly continuous blood pressure monitoring solution, Circul VS facilitates early detection and long-term management, helping to reduce the risks associated with cardiovascular and cerebrovascular conditions.
Circul VS features the BPwatch, Ring, and Smart Cradle, integrated into a sophisticated cloud-based network and service system. Unlike other systems on the market, Circul VS focuses on capturing rapid blood pressure fluctuations caused by changes in endothelial function and vascular tone—critical factors often neglected by competitors.
Utilizing state-of-the-art ultrasound sensing technology and intelligent algorithms, Circul VS provides continuous, real-time blood pressure waveform data with exceptional accuracy. This innovative technology is the result of comprehensive market research and extensive clinical studies.
As part of this strategic collaboration, UTime has harnessed expertise in biomedical engineering and electronic technology to ensure the Circul VS system is not only precise but also stable and reliable in diverse clinical settings.
Having undergone clinical trials in multiple partner hospitals, Circul VS has garnered positive feedback for its outstanding performance in the non-invasive monitoring space, offering systolic and diastolic pressure readings with accuracy approaching that of invasive techniques.
During its development, Circul VS was tailored to meet the needs of different application scenarios—including hypertension screening for healthy individuals, long-term management for diagnosed hypertension patients, and acute monitoring for hospitalized patients. This adaptability ensures it meets the specific demands of various clinical environments.
The launch of Circul VS marks a pivotal advancement in blood pressure monitoring technology. Together with Dr. Ehud Baron, UTime plans to continue refining this technology, aiming to enhance its intelligence and accuracy for widespread use in ICUs and other medical settings, ultimately improving patient care and quality of life.
About UTime Limited
UTime Ltd., established in 2008, provides cost-effective mobile devices to consumers globally and to helping low-income individuals from established markets, including the United States and emerging markets such as India and other countries in South Asia and Africa have better access to updated mobile technology. Since 2024, UTime has been committed to transforming health and wellness through innovative medical wearable technologies. By leveraging cutting-edge research and strategic partnerships, UTime aims to provide effective solutions for disease prevention and health management on a global scale. For more information, visit the Company’s website at http://www.utimeworld.com/.
Forward-Looking Statements
Statements in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute “forward-looking statements” within the meaning of The Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements relating to the ability of the Company to regain compliance with Nasdaq continued listing requirements. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors discussed in the “Risk Factors” section of the Annual Report in Form 20-F filed with the SEC on July 30, 2024. Any forward-looking statements contained in this press release speak only as of the date hereof, and the Company specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.
For more information, please contact:Eaky [email protected]
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Artificial Intelligence
New IBM Processor Innovations To Accelerate AI on Next-Generation IBM Z Mainframe Systems
New IBM Telum II Processor and IBM Spyre Accelerator unlock capabilities for enterprise-scale AI, including large language models and generative AI
Advanced I/O technology enables and simplifies a scalable I/O sub-system designed to reduce energy consumption and data center footprint
PALO ALTO, Calif., Aug. 26, 2024 /PRNewswire/ — IBM (NYSE: IBM) revealed architecture details for the upcoming IBM Telum® II Processor and IBM Spyre™ Accelerator at Hot Chips 2024. The new technologies are designed to significantly scale processing capacity across next generation IBM Z mainframe systems helping accelerate the use of traditional AI models and Large Language AI models in tandem through a new ensemble method of AI.
With many generative AI projects leveraging Large Language Models (LLMs) moving from proof-of-concept to production, the demands for power-efficient, secured and scalable solutions have emerged as key priorities. Morgan Stanley research published in August projects generative AI’s power demands will skyrocket 75% annually over the next several years, putting it on track to consume as much energy in 2026 as Spain did in 2022.1 Many IBM clients indicate architectural decisions to support appropriately sized foundation models and hybrid-by-design approaches for AI workloads are increasingly important.
The key innovations unveiled today include:
IBM Telum II Processor: Designed to power next-generation IBM Z systems, the new IBM chip features increased frequency, memory capacity, a 40 percent growth in cache and integrated AI accelerator core as well as a coherently attached Data Processing Unit (DPU) versus the first generation Telum chip. The new processor is expected to support enterprise compute solutions for LLMs, servicing the industry’s complex transaction needs.IO acceleration unit: A completely new Data Processing Unit (DPU) on the Telum II processor chip is engineered to accelerate complex IO protocols for networking and storage on the mainframe. The DPU simplifies system operations and can improve key component performance.IBM Spyre Accelerator: Provides additional AI compute capability to complement the Telum II processor. Working together, the Telum II and Spyre chips form a scalable architecture to support ensemble methods of AI modeling – the practice of combining multiple machine learning or deep learning AI models with encoder LLMs. By leveraging the strengths of each model architecture, ensemble AI may provide more accurate and robust results compared to individual models. The IBM Spyre Accelerator chip, previewed at the Hot Chips 2024 conference, will be delivered as an add on option. Each accelerator chip is attached via a 75-watt PCIe adapter and is based on technology developed in collaboration with the IBM Research. As with other PCIe cards, the Spyre Accelerator is scalable to fit client needs.”Our robust, multi-generation roadmap positions us to remain ahead of the curve on technology trends, including escalating demands of AI,” said Tina Tarquinio, VP, Product Management, IBM Z and LinuxONE. “The Telum II Processor and Spyre Accelerator are designed to deliver high-performance, secured, and more power efficient enterprise computing solutions. After years in development, these innovations will be introduced in our next generation IBM Z platform so clients can leverage LLMs and generative AI at scale.”
The Telum II processor and the IBM Spyre Accelerator will be manufactured by IBM’s long-standing fabrication partner, Samsung Foundry, and built on its high performance, power efficient 5nm process node. Working in concert, they will support a range of advanced AI-driven use cases designed to unlock business value and create new competitive advantages. With ensemble methods of AI, clients can achieve faster, more accurate results on their predictions. The combined processing power announced today will provide an on ramp for the application of generative AI use cases. Some examples could include:
Insurance Claims Fraud Detection: Enhanced fraud detection in home insurance claims through ensemble AI, which combine LLMs with traditional neural networks geared for improved performance and accuracy.Advanced Anti-Money Laundering: Advanced detection for suspicious financial activities, supporting compliance with regulatory requirements and mitigating the risk of financial crimes.AI Assistants: Driving the acceleration of application lifecycle, transfer of knowledge and expertise, code explanation as well as transformation, and more.Specifications and Performance Metrics:
Telum II processor: Featuring eight high-performance cores running at 5.5GHz, with 36MB L2 cache per core and a 40% increase in on-chip cache capacity for a total of 360MB. The virtual level-4 cache of 2.88GB per processor drawer provides a 40% increase over the previous generation. The integrated AI accelerator allows for low-latency, high-throughput in-transaction AI inferencing, for example enhancing fraud detection during financial transactions, and provides a fourfold increase in compute capacity per chip over the previous generation.
The new I/O Acceleration Unit DPU is integrated into the Telum II chip. It is designed to improve data handling with a 50% increased I/O density. This advancement enhances the overall efficiency and scalability of IBM Z, making it well suited to handle the large-scale AI workloads and data-intensive applications of today’s businesses.
Spyre Accelerator: A purpose-built enterprise-grade accelerator offering scalable capabilities for complex AI models and generative AI use cases is being showcased. It features up to 1TB of memory, built to work in tandem across the eight cards of a regular IO drawer, to support AI model workloads across the mainframe while designed to consume no more than 75W per card. Each chip will have 32 compute cores supporting int4, int8, fp8, and fp16 datatypes for both low-latency and high-throughput AI applications.
Availability
The Telum II processor will be the central processor powering IBM’s next-generation IBM Z and IBM LinuxONE platforms. It is expected to be available to IBM Z and LinuxONE clients in 2025. The IBM Spyre Accelerator, currently in tech preview, is also expected to be available in 2025.
Statements regarding IBM’s future direction and intent are subject to change or withdrawal without notice, and represent goals and objectives only.
About IBM
IBM is a leading provider of global hybrid cloud and AI, and consulting expertise. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Thousands of government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and consulting deliver open and flexible options to our clients. All of this is backed by IBM’s long-standing commitment to trust, transparency, responsibility, inclusivity and service.
Additional Sources
Read more about the IBM Telum II Processor.Read more about the IBM Spyre Accelerator.Read more about the IO AcceleratorMedia Contact:
Chase SkinnerIBM [email protected]
Aishwerya PaulIBM [email protected]
1 Source: Morgan Stanley Research, August 2024.
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Artificial Intelligence
Celebrating 35 Years of Innovation: Microland Marks Milestone with Groundbreaking Solutions and Vision for the Future
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BENGALURU, India, Aug. 26, 2024 /PRNewswire/ — Microland, India’s networking pioneer and India’s largest specialized IT infrastructure services and consulting company, is celebrating 35 years of providing technological innovation to global business leaders.
Established in 1989, Microland was the first company in India to introduce global networking giants and other technology leaders—such as Novell NetWare, Cisco, Compaq, and Netscape—to the country. Today, with its industry-leading growth and specialization in next-generation technologies such as AI, automated operations, and platform-driven solutions, Microland drives operational excellence, agility, resilience, and productivity for enterprises worldwide. Over 4,600 Microlanders deliver services in more than 100 countries across Asia, Australia, Europe, the Middle East, and North America, offering cutting-edge solutions in networks, cloud, data centers, cybersecurity, services management, applications, and automation.
Microland has continuously evolved over the last 35 years, staying ahead of technology developments to reshape itself and build on its global recognition. Today, as the company marks its 35th anniversary, it returns to its roots as a networking pioneer, shifting its focus from ‘Make digital happen’ to ‘Connect with the best.’ Microland realizes that organizations are well on their way to realizing digital adoption. They know that networks underpin the functionality and efficiency of modern digital systems, supporting productivity and innovation at the most fundamental level.
To aid the journey of its clients across a business landscape that demands continuous innovation, Microland has embraced AI. Its latest AI-powered Intelligeni platform represents a groundbreaking shift in IT service operations. At its core, Intelligeni embodies Microland’s commitment to innovation, efficiency, and client-centricity. It empowers client organizations with unprecedented insights, proactive problem-solving, unique experience, and autonomous decision-making capabilities. With seven modules, Intelligeni delivers 10x more resilient and efficient digital infrastructure. The Intelligeni platform has been recognized as an Innovator in Avasant’s RadarView™ ITOps Services for 2023-24. Engineered and perfected over the last decade, the platform harnesses AI, leading the way to a first-of-its-kind IT services administrator.
Microland has firmly placed itself on the radar of several leading industry bodies and analysts. It has been recognized globally as a Leader in the Gartner Magic Quadrant for Managed Network Services for four years in a row (2020, 2021, 2022, 2023). Based on rigorous, fact-based analysis, Gartner’s Magic Quadrant allows technology users to assess the market and its technology providers, understand their differentiators, and narrow their buying choices.
In early August 2024, Microland was awarded the prestigious World Class 5-star rating by the Service Desk Institute (SDI) for the quality of IT service and support operations. Microland is the third company globally and the first company in India to attain this accolade.
Microland has also achieved a gold rating from EcoVadis, underscoring its exceptional performance in Environment and Sustainable Procurement, reflecting its commitment to high Environmental, Social, and Governance (ESG) standards. At Microland, cutting-edge AI technology is integrated into every facet of its operations and customer solutions. It is complemented by a focus on embedding sustainability principles throughout all practices, from innovation to implementation. The gold rating from EcoVadis places Microland in the top 5 percent of over 125,000 assessed companies globally.
Microland has sharpened its approach to ESG with the Microland Foundation. This dedicated social development arm forges meaningful partnerships to conceptualize and implement projects that solve society’s most pressing problems around education, environment, employability, and health in a measurable, scalable, and sustainable manner. The Foundation uses Microland’s technological capabilities to deliver, monitor, and scale its programs.
In a message to Microland on its 35th anniversary, Peter Bendor-Samuel, Founder of Everest Group, said, “Microland excels at integrating technology with services. Where others would use labor, it uses the platforms it has invested in and developed in-house to deliver the services. Result: They are able to deliver robust, high-quality services at lower costs. This pushes them forward as a leader in the technology services space and ensures they can compete with much bigger firms.”
Speaking on the occasion of Microland’s 35th anniversary, Pradeep Kar, Founder, Chairman, and Managing Director, said, “Microland has evolved and matured over the last 35 years. Today, we are renewing our commitment to our clients, ensuring they connect with the best of tomorrow’s networking innovations today.”
About Microland
Microland is a pioneering IT Infrastructure services and consulting company headquartered in Bengaluru, India, with a proven track record of delivering tangible business outcomes for 35 years. Today, as enterprises recognize that networks underpin the functionality and efficiency of modern digital systems and support innovation, we provide next-generation technologies such as AI, automated operations, and platform-driven solutions – which drive operational excellence, agility, and productivity for organizations worldwide. Our team of over 4,600 experts delivers services in over 100 countries across Asia, Australia, Europe, the Middle East, and North America, offering cutting-edge solutions in networks, cloud, data centers, cybersecurity, services management, applications, and automation. Recognized by leading industry analysts for our innovative strategies, Microland is committed to strong governance, environmental sustainability, and fostering an inclusive workplace where diverse talent thrives. When businesses work with Microland, they connect with the best talent, technologies, and solutions to create unparalleled value.
For more information, visit www.microland.com
Contact: [email protected]
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