Certification cements Altair’s commitment to global information security
TROY, Mich., May 15, 2024 /PRNewswire/ — Altair (Nasdaq: ALTR), a global leader in computational intelligence, has earned the ISO/IEC27001:2022 – an information security management system (ISMS) certification – externally audited against the frameworks set by the International Organization for Standardization (ISO) and International Electrotechnical Commission (IEC). The certification for the 2022 framework solidifies Altair’s status as an international leader in information security and solidifies its commitment to following the latest global information security frameworks.

“Altair’s focus on achieving global accreditation is unique even among the world’s most prominent technology organizations. Earning this certification is a monumental achievement and represents the culmination of years of hard work and investment from our global security teams,” said Jeff Marraccini, chief information security officer, Altair. “This is a massive step for Altair especially for our enterprise-level customers, where having ISMS certification is becoming more important. In a world where the security boundaries between client and vendor are blurring, an ISMS demonstrates Altair’s commitment to information security. This will open many new doors for us.”
According to the ISO, “Conformity with ISO/IEC 27001 means that an organization or business has put in place a system to manage risks related to the security of data owned or handled by the company, and that this system respects all the best practices and principles enshrined in this International Standard. An information security management system implemented according to this standard is a tool for risk management, cyber-resilience, and operational excellence.”
Holding this certification verifies that Altair complies with modern security requirements including web filtering, cloud security, threat intelligence, hybrid and remote work, and more. It also consists of the people, processes, and technology providing security controls supporting Altair’s business operations in software engineering, sales, technical support, human resources, and enterprise applications development.
About Altair
Altair is a global leader in computational intelligence that provides software and cloud solutions in simulation, high-performance computing (HPC), data analytics, and AI. Altair enables organizations across all industries to compete more effectively and drive smarter decisions in an increasingly connected world – all while creating a greener, more sustainable future. To learn more, please visit www.altair.com.
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JERSEY CITY, N.J., May 15, 2024 /PRNewswire/ — InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the “Global Digital Pharmaceutical Supply Chain Market Size, Share & Trends Analysis Report By Product (Software, Hardware), By Mode Of Delivery (Cloud-based, Web-based, and On -premises), By Software Modules (Software Modules Planning & Analytics, Procurement, Manufacturing, Logistics, and Inventory Management), Region, Market Outlook And Industry Analysis 2031”.

The Global Digital Pharmaceutical Supply Chain Management Market is estimated to reach over USD 1,865. 3 Mn by 2031, exhibiting a CAGR of 8.1% during the forecast period.
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In recent times, pharmaceutical companies have been exploring new approaches to meet the potential of novel therapies and gain a stronger competitive edge. The advent of data analytics solutions enables the shift from a reactive to a predictive supply chain, which has the potential to enhance the patient and caregiver experience.
The demands of the supply chain are moving, shifting from a narrow focus on drug production and delivery to a more adaptable supply chain that meets the requirements of various stakeholders, such as caregivers, patients, and insurance companies. AI-based solutions have revolutionized the pharmaceutical supply chain by providing practical insights that improve visibility, service quality, and the overall customer experience.
Fundamental advancements in artificial intelligence (AI) show the capacity to benefit the pharmaceutical industries greatly. Pharmaceutical firms can increase productivity, decrease expenses, and guarantee the accessibility of vital medications by implementing AI technologies. AI’s capability to analyze immense quantities of data and generate real-time forecasts enables it to assist in the optimization of a variety of supply chain processes, including demand forecasting and inventory management. Across the pharmaceutical supply chain, AI can increase dependability and efficiency by optimizing schedules, enhancing decision-making, and relieving supply chain employees of tedious manual labour in favour of more value-added responsibilities.
Government attempts to improve medical supplies, together with rising demand for operational efficiency and mobile solutions, are expected to boost digital pharmaceutical supply chain management market growth. The use of artificial intelligence and analytics, expanding demand for cloud-based solutions, and increased acceptance of process automation in pharmaceuticals are all expected to drive revenue-generating market development throughout the forecast period.
List of Prominent Players in the Digital Pharmaceutical Supply Chain Market:
McKesson CorporationMediceo CorporationPalantir Technologies, Inc.Jump Technologies, Inc.InterSystems CorporationTecsysOracleSAPInforTerso SolutionsCenTrak (HALMA plc)Biolog-idTraceLinkOther Prominent PlayersDigital Pharmaceutical Supply Chain Market Report Scope:
Report Attribute
Specifications
Market Size Value In 2023
USD 1,016.1 Mn
Revenue Forecast In 2031
USD 1,865.3 Mn
Growth Rate CAGR
CAGR of 8.1% from 2024 to 2031
Quantitative Units
Representation of revenue in US$ Bn and CAGR from 2024 to 2031
Historic Year
2019 to 2023
Forecast Year
2024-2031
Report Coverage
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends
Segments Covered
By Product And Mode of Delivery, Software Modules
Regional Scope
North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Country Scope
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; Southeast Asia; South Korea
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Market Dynamics:
Drivers-
The rising usage of cutting-edge technologies such as digital-twins technology in the supply chain business drives growth. Furthermore, these digital technologies assist logistics organizations in cutting costs. The e-commerce industry has grown significantly as the number of people purchasing online and using the Internet has increased. The growth of e-commerce needs the development of speedier and more efficient transportation services. Customers who shop online expect accurate orders, prompt shipment, and simple return policies. Companies are looking for solutions to decrease order transportation costs and lead times. E-commerce makes products visible, affordable, simple to use, quick to deliver, and easy to return. To fulfill this need, new models and technologies must be created to automate distribution routes, digitize logistics planning, and simplify material transportation. Moreover, introduction of AI-enabled e-commerce solutions is further expected to witness significant growth prospects during the forecast period.
Challenges:
The COVID-19 pandemic has accelerated the market’s growth due to the increasing digitalization trend. Because of the extensive use of online purchasing, companies in the food and beverage, manufacturing, and logistics industries must increase their investments in automation, particularly supply chain automation and digitalization. As a result, the digital supply chain benefits from increased market growth.
This outbreak has affected a large number of firms, making it more difficult for them to maintain their complex supply chains. This is expected to drive higher demand for digital supply chains.
Regional Trends:
The North America digital pharmaceutical supply chain management market is expected to have a considerable revenue share and develop swiftly in the near future. The regional market expansion is anticipated to grow most rapidly, owing to increased widespread adoption of digital technology and the deployment of various methods to improve pharmaceutical supply chain management. The integration of IoT, AI, and cloud technologies to support pharmaceutical product development, production, and distribution is contributing to market evolution.
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Recent Developments:
In April 2024, SourceDay formed a strategic relationship with Infor to improve the effectiveness of direct spending purchase order (PO)lifecycle management. The partnership’s focus will be to bridge the gap between ERPs and supplier networks, as well as to help joint clients manage direct material POs proactively and thoroughly from creation to receipt. As part of the partnership, the supply chain collaboration platform has become an Infor Certified Solution Partner, providing extensive, bi-directional technological integration across Infor’s Discrete Manufacturing and Distribution ERPs.In Oct 2023, InterSystems recently introduced eight new companies to its Startup Program. InterSystems provides support to these businesses, enabling them to effectively change the digital health environment by improving patient care and transforming the sector. The InterSystems Startup Program offers assistance, technical integration, resources, and funding to firms that rely on data in important sectors like healthcare, financial services, logistics, and manufacturing.In Oct 2022, Palantir Technologies Inc. and Concordance Healthcare Solutions LLC formed a partnership to create the first comprehensive medical supply chain ecosystem. This ecosystem will combine inventory and supply chain data from manufacturers, suppliers, distributors, and providers into a unified and up-to-date system. Problems such as product back orders and replacements, which formerly required a significant amount of time and effort from frontline staff, can now be resolved in a matter of minutes. In the end, this enhances the quality of patient treatment and lessens the workload on healthcare providers.In Feb 2022, Oracle announced the addition of new capabilities for logistics management to Oracle Fusion Cloud Supply Chain & Manufacturing (SCM). The enhancements to Oracle Fusion Cloud Transportation Management and Oracle Fusion Cloud Global Trade Management enable businesses to reduce costs and risk, enhance customer experience, and become more resilient to business disruptions.Segmentation of Digital Pharmaceutical Supply Chain Market-
By Product-
SoftwareHardwareServicesBy Delivery Insights-
Cloud-basedWeb-basedOn -premises segmentsBy Software Modules-
Planning & AnalyticsProcurementManufacturingLogisticsInventory ManagementBy Region-
North America-
The USCanadaMexicoEurope-
GermanyThe UKFranceItalySpainRest of EuropeAsia-Pacific-
ChinaJapanIndiaSouth KoreaSoutheast AsiaRest of Asia PacificLatin America-
BrazilArgentinaRest of Latin America Middle East & Africa-
GCC CountriesSouth AfricaRest of Middle East and AfricaFor More Customization @ https://www.insightaceanalytic.com/customisation/1911
Why should buy this report:
To receive a comprehensive analysis of the prospects for global Digital Pharmaceutical Supply Chain marketTo receive industry overview and future trends of global Digital Pharmaceutical Supply Chain marketTo analyze the Digital Pharmaceutical Supply Chain market drivers and challengesTo get information on the Digital Pharmaceutical Supply Chain market size value (US$ Mn) forecast till 2031Major Investments, Mergers & Acquisition in global Digital Pharmaceutical Supply Chain market industryOther Related Reports Published by InsightAce Analytic:
Digital Logistics Market
Pharma 4.0 Market
Digital Twins in Healthcare Market
Healthcare Cold Chain Logistics Market
AI in Medical Supplies/Inventory Management Market
About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
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CHICAGO, May 15, 2024 /PRNewswire/ — The India Drone Market is projected to grow from USD 654 Million in 2024 to USD 1,437 Million by 2029, at a CAGR of 17.0% during the forecast period according to a new report by MarketsandMarkets™. The Drone volume in the India Drone Market is projected to grow from 10,803 Units in 2024 to 61,393 Units by 2029. The India drone market is experiencing rapid growth, driven by increasing demand across various sectors, including agriculture, defense, and e-commerce. Supportive government policies and initiatives like the Drone Shakti scheme have further expanded the industry.

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Browse in-depth TOC on “India Drone Market” 
147 – Tables84 – Figures280 – Pages
India Drone Market Report Scope:
Report Coverage
Details
Market Revenue in 2024
$ 654 Million
Estimated Value by 2029
$ 1,437 Million
Growth Rate
Poised to grow at a CAGR of 17.0%
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 Platform, Point of Sale, Application, Systems and Industry
Geographies Covered
North America, Europe, Asia Pacific, and Rest of World
Key Market Challenge
Limited payload capacity
Key Market Opportunities
Rising use of drones in logistics industry
Key Market Drivers
Growing emphasis on precision farming
India Drone Market- By System
By system, the Platform systems segment is expected to lead the market. There’s a growing demand for drones across various sectors such as agriculture, defense, entertainment, and delivery services. Platform systems are the core components of drones, including the airframe, propulsion system, and avionics and software. Expanding these sectors could lead to higher investment in the development and procurement of drones, directly affecting the market size of platform systems.
India Drone Market- By Platform
The platform, Civil, and Commercial segments are expected to lead the market in volume (Units), but in market size (USD Million), the defense segment will lead the market. Civil and commercial usage, including agriculture, energy, and construction, shows a balanced spread, reflecting the technology’s cross-sectoral adoption. Small and tactical class drones are preferred for their versatility and lower operational costs, aligning with global trends towards more compact and efficient UAVs for both military and civilian uses. This market distribution underscores the strategic importance of drones in national defense, the growing commercial applications, and the potential for further expansion into various industries.
India Drone Market- By Industry
By Industry, the defense and Security segment was estimated to account for the largest share of the India drone market in 2024. The defense and security sector dominates the Indian drone industry due to its critical role in national security and the strategic advantages drones offer. With regional security challenges, the need for heightened surveillance and reconnaissance, and the delivery of payload to border areas, India has prioritized the adoption of drones for defense purposes. The government’s emphasis on self-reliance in defense technology further bolsters this sector’s market share, as drones become integral to modern military operations and border management, leading to significant investment in this technology.
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Major Service providers in the Indian drone companies are India-based drone manufacturing companies, such as Paras Aerospace (India), ideaforge Technology Ltd. (India), Throttle Aerospace Systems Pvt. Ltd. (India), Garuda Aerospace (India), Asteria Aerospace Limited (India), General Aeronautics (India), and Newspace Research Technologies Pvt. Ltd. (India), Iotechworld (India), Adani Defense and Aerospace (India), Tata Advanced Systems Limited (India), Thanos (India), Dhaksha Unmanned Systems (India), Marut Dronetech Private Limited (India), Hubblefly Technologies (India), Raphe (India) like more than 25 companies have been analyzed based on different parameters, including product portfolios, recent developments, business strategies, and organic and inorganic growth, among others.
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Browse Adjacent Market: Aerospace and Defence Market Research Reports & Consulting
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About MarketsandMarkets™
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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.
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