Artificial Intelligence
Marintec China 2023 Concluded with Record-Breaking Success
Marintec China, the leading event of the maritime industry, concluded its highly anticipated 2023 edition on a high note. The exhibition took place at the Shanghai New International Expo Centre from 5 to 8 December and attracted maritime powerhouses, pioneers, innovators, and enthusiasts from around the world. Marintec China 2023 reinforced its position as the premier platform in Asia, with 80,518 professionals, representing a remarkable 12% growth from the last edition, Marintec China 2023 drew professionals from more than 100 countries and regions, with over 2,000 exhibiting companies, including 15 national and regional pavilions. Attendees participated in over 500 concurrent events and signed over 100 contracts during the four-day event. The knowledge and insights gained from the event will shape the future of the maritime industry.
Market Updates at Marintec China
The shipbuilding market took centre stage at Marintec China 2023, as industry players showcased their state-of-the-art vessels and shipbuilding technologies. According to the latest statistics from Clarksons Research, 1,547 new ship orders were placed worldwide in the first ten months of the year, totalling 20,060,400 corrected gross tons (CGT), and 4,359 ships totalling 122.58 million CGT were on the global shipyards’ order book. In terms of the new ship price, Clarksons Research’s new ship price index reached a new high of 176 at the end of October, the highest since 2009, with only an 8% difference from the historical high set in August 2008. In conclusion, the global newbuilding market is expected to continue its positive trend in the coming years.
Decarbonisation was the key theme of the 2023 edition, highlighting the maritime industry’s dedication to reducing greenhouse gas emissions. The event showcased various solutions, such as green design, green manufacturing, and the expansion of low-carbon and zero-carbon ship types. Significant breakthroughs have been made in developing methanol and ammonia fuel engines, and orders have been placed for LNG dual-fuel, methanol dual-fuel, and ammonia fuel ships. In parallel, major advancements have been made in the field of ship auxiliary equipment, particularly in the development of low-carbon products. These include marine fuel filling systems for LNG, LPG, methanol, and ammonia, ship exhaust gas desulphurisation and decarbonisation systems, carbon neutrality systems for methanol and other fuels, and zero-carbon fuel development systems. Marintec China is committed to driving a greener future for the industry.
Alternative fuels were also in the spotlight at Marintec China 2023, as the industry explores viable options to reduce reliance on traditional fossil fuels. According to Clarksons Research statistics, 55.8% of new orders signed in 2022 were for alternative fuel ships, and in the first 10 months of this year there were 346 new orders for alternative fuel ships totalling 30.3 million DWT, accounting for 35% of all new ship orders. Orders for methanol fuel ships increased significantly reaching 120 ships totalling 11.47 million DWT. The event provided a platform for stakeholders to discuss the benefits, challenges, and potential applications of these emerging fuel sources, paving the way for a more sustainable and diversified maritime energy landscape. The cruise market was another important element of Marintec China 2023. With the global cruise market showing a rapid recovery with a positive trend, cruise lines have been resuming voyages one after another. Moreover, international cruise giants have announced their return to China in 2024 to reboot home port operations. On 4 November, China’s first large cruise ship built, Adora Magic City, was named and delivered. It will officially begin operating on New Year’s Day 2024, starting its international routes with Shanghai as its home port. At Marintec China, exhibitors showcased the latest developments and trends in this dynamic sector, with innovative cruise ship designs, on-board technologies, and passenger experience enhancements.
Special Events at Marintec China
In addition to the exhibition, Marintec China 2023 featured several other special events to complement the bustling show floor. The Senior Maritime Forum, a series of high-level discussions and panel sessions under the theme “Innovation, Intelligence, Low-Carbon”, brought together industry leaders, policymakers, and experts to address critical challenges and explore opportunities in the maritime sector. The inaugural Marintec Roundtable, held on 4 December at the Kerry Hotel Pudong, gathered key stakeholders in the maritime sector for a closed-door dialogue on the challenges of building a more resilient future. Marintec Innovation OnStage, highlighting breakthrough technologies and disruptive innovations that are shaping the future of the maritime industry. Marintec TV, broadcasted live from the exhibition floor, with VIP interviews with CEOs and industry experts, ensuring attendees could stay connected and engaged.
The Leading Maritime Barometer
Marintec China 2023 provided attendees with a wealth of knowledge, valuable connections, and insights to take back to their respective organisations. “We are thrilled with the overwhelming success of Marintec China 2023,” said Ms Stella Fung, General Manager of Maritime, Informa Markets. “The record-breaking attendance and quality of exhibitors and attendees reflect the importance of this event in the global maritime industry. Marintec China will continue to be the catalyst for driving growth, fostering innovation and promoting sustainability within the industry.”
As one of the largest maritime events and the leading maritime barometer, Marintec China plays a pivotal role in advancing the maritime industry by providing a platform for knowledge exchange, technological advancement, and business opportunities. Planning is already underway for Marintec China 2025, with the Organiser looking forward to building on the success of this year’s edition. Marintec China 2025 will return to Shanghai from 2 to 5 December. We hope to see you all in two years’ time.
Organisers:
Marintec China is organised and managed by Informa Markets and Shanghai Society of Naval Architects & Marine Engineers (SSNAME).
Informa Markets
Informa Markets creates platforms for industries and specialist markets to trade, innovate and grow. Our portfolio is comprised of more than 550 international B2B events and brands in markets including Healthcare & Pharmaceuticals, Infrastructure, Construction & Real Estate, Fashion & Apparel, Hospitality, Food & Beverage, and Health & Nutrition, among others. We provide customers and partners around the globe with opportunities to engage, experience and do business through face-to-face exhibitions, specialist digital content and actionable data solutions. As the world’s leading exhibitions organiser, we bring a diverse range of specialist markets to life, unlocking opportunities and helping them to thrive 365 days of the year. For more information, please visit www.informamarkets.com.
Shanghai Society of Naval Architects and Marine Engineers (SSNAME)
Shanghai Society of Naval Architects and Marine Engineers (SSNAME) was founded on 25 February 1951 and has more than 5000 individual members and over 60 group members at the moment. The professional range of SSNAME covers academic and technical exchanging, exhibiting, popularization of science, editing, and publishing as well as scientific consulting in the field of naval architect and marine engineering.
SSNAME has established friendly cooperation with 14 overseas maritime engineering societies to promote bilateral and multilateral exchanges and cooperation. It’s one of the Sponsors of Pan Asian Association of Maritime Engineering Society (PAAMES), and elected as the first president. SSNAME is also a member of the World Maritime Technology Congress and hosted WMTC’18 which was held in December 2018.
As it always adheres to innovation and development, SSNAOE has achieved great success in academic exchange, scientific popularization, editing and publishing, international intercourse and organization optimization over years of endeavor. It was awarded “National Advanced Civil Organization” by the Ministry of Civil Affairs, “Advanced Collective under China Association for Science and Technology” by the Ministry of Personnel and China Association for Science and Technology. In recent years, it has been awarded the title of “5A-level Social Organization” in the evaluation of the standard construction of social organizations organized by Shanghai Civil Affairs Bureau and Shanghai Association Administration Bureau.
After 70 years of development, SSNAME has now won a high reputation and shown an evident academic influence in the shipbuilding and offshore engineering industry.
Artificial Intelligence
Glancing into Tomorrow at GITEX: e& UAE’S Vision for a Smarter, AI-powered Future
DUBAI, UAE, Oct. 14, 2024 /PRNewswire/ — As e& UAE prepares to make an impact at GITEX Global, the company’s momentum is undeniable. Fresh off the heels of being crowned ‘World’s Fastest 5G Network’ by Ookla, e& UAE is poised to showcase the cutting-edge innovations stemming from its state-of-the-art telco core.
e& UAE serves 5G to 12 million active users every day bringing to the forefront of global connectivity. “High-speed networks are crucial for connecting the dots between AI components, including transferring data and accessing cloud-based resources,” says Masood. “In essence, AI is a product of a sophisticated infrastructure that combines hardware, software, and networking to enable the development and deployment of intelligent systems,” Masood says.
For e& UAE, this means continually embracing AI as a key component of its innovation strategy. The company has a successful history of implementing AI solutions to drive productivity and enhance customer experiences, and, as Masood puts it, “AI is where we see the real potential for transformation.”
It’s with this vision in mind that e& UAE plans to make its mark at GITEX, showcasing its latest AI innovations and demonstrating its leadership in the digital landscape.
More than a telco: e& UAE’s digital leap
“AI is embedded across our operations, enabling smarter, faster decision-making and driving new efficiencies in business and customer service,” he says. e& UAE was a pioneer in adopting AI internally, but its true impact lies in delivering exceptional digital experiences to customers. A prime example is EASE, the world’s first autonomous telecom retail experience, launched at GITEX last year. Since then, e& UAE has rapidly expanded the reach and capabilities of this innovative concept, demonstrating its commitment to leveraging AI for customer-centric solutions.
The company is actively building its reputation as a digital leader, offering cutting-edge connectivity solutions powered by 5G and AI and IoT integrations. This strategic shift is at the heart of e& UAE’s participation at GITEX, where the company will showcase its innovative digital offerings and vision for the future.
GITEX spotlight
“We’re thrilled to be part of GITEX, an exciting showcase of the future where the world’s greatest minds come together to envision and shape the technology of a better tomorrow,” Masood says.
In addition to the latest smart home solutions and drone technology, its showcase will include advanced applications in AI, augmented reality, and 5G technology, reflecting its commitment to digital transformation. One of the standout features will be the Hologram Customer Service Avatar, which aims to provide an interactive customer experience. This avatar will utilise ultra-HD, intelligent capabilities to facilitate real-time interactions, allowing users to engage with services in a more immersive manner. The integration of 5G New Calling technology will further enhance user experience by offering visualised voice calling, real-time translation, and multimedia content during calls.
Continuing the tradition of announcing 5G milestones at previous GITEX events, e& UAE announced network speed upgrades including the fastest aggregated 5G-Advanced speed of 62Gbps. Demonstrating its commitment to 5G leadership, e& UAE will also highlight its achievement as the largest 5G-Advanced commercial network in the MENA region, with over 1,000 operational sites. This milestone marks the dawn of the 10G era, delivering unparalleled speeds and ultra-low latency that will redefine digital experiences. At GITEX, it will not only showcase its impressive technological advancements but also unveil strategic partnerships that align with its vision for a digital future. Building upon the success of its 5G private network deployment in the oil and gas sector with ADNOC, the company is now expanding its reach in more industries.
“The success of AI, IoT, and 5G depends on building an ecosystem of innovation. That means working closely with tech giants, startups, and government entities to ensure we’re building the right solutions for the future,” says Masood.
Making networks AI-ready
At the heart of e& UAE’s mission to pioneer the digital frontier in the UAE lies a firm commitment to high-speed connectivity. For example, 50G-PON, the next generation of high-speed connectivity, promises to revolutionise internet connectivity, delivering unprecedented capacity and considerably speeding things up for consumers and businesses.
“Our strategy is rooted in a profound belief that we can achieve more for the people and communities we serve—drive more growth, create more opportunities, and have a greater impact—infused with a passion for excellence. As we evolve beyond traditional telecom, we are enhancing our services and tailoring our offerings to meet the diverse needs of our customers.
The UAE’s global leadership in broadband and mobile speeds, as recognised by Ookla, is significantly attributed to the contributions of e& UAE. “We are part of the UAE fabric, and we stand with the country, helping to build a stronger, more connected society,” Masood concludes.
Contact details: Nancy Sudheer, Senior Manager at e&, [email protected]
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Artificial Intelligence
Security and Vulnerability Management Market worth $24.04 billion by 2030- Exclusive Report by MarketsandMarkets™
DELRAY BEACH, Fla., Oct. 14, 2024 /PRNewswire/ — The global Security and Vulnerability Management Market size is projected to grow from USD 16.51 billion in 2024 to USD 24.04 billion by 2030 at a Compound Annual Growth Rate (CAGR) of 6.4% during the forecast period, according to new research report by MarketsandMarkets™.
Browse in-depth TOC on “Security and Vulnerability Management Market ”
250 – Tables 50 – Figures300 – Pages
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Scope of the Report
Report Metrics
Details
Market size available for years
2018-2030
Base year considered
2023
Forecast period
2024–2030
Forecast units
Value (USD Billion)
Segments Covered
Component, Software, Services, Type, Target, Deployment Mode, Organization Size, Vertical, And Region
Geographies covered
North America, Europe, Asia Pacific, Middle East & Africa, Latin America
Companies covered
Major vendors in the global Security and vulnerability management Microsoft (US), AT&T (US), CrowdStrike (US), IBM (US), Tenable (US), Cisco (US), DXC Technology (US), Check Point Software Technologies (Israel), Rapid7 (US), Qualys (US), ManageEngine (US), RSI Security (US), Fortra (US), Ivanti (US), Tanium (US), Invicti (US), Outpost24 (Sweden), Skybox Security (US), Vulcan Cyber (Israel), SecPod (India), Balbix (US), Intruder (UK), Brinqa (US), Holm Security (Sweden), Nucleus Security (US), and NopSec (US)
High financial losses due to security breaches and the growing demand for real-time monitoring and continuous vulnerability assessment drive the Security and Vulnerability Management Market. Organizations are thus striving to minimize these financial risks and they demand for robust security and vulnerability management solutions to strengthen their security posture.
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Based on the offerings, the solutions segment accounts for the largest market size during the forecast period.
According to PT Security, 98% of web applications are vulnerable to attacks resulting in malware, redirection to malicious websites, and more. This rising complexity of such cyber risks has spurred the demand for comprehensive security and vulnerability management solutions. The shift to cloud computing and remote work has amplified the demand for adaptive security tools, with AI-driven analytics and automation strengthening their role in security and vulnerability management. Furthermore, providers such as Microsoft, IBM, Qualys, Tenable, Rapid7, and CrowdStrike offering advanced security and vulnerability management solutions also contribute to position solutions as the largest market segment during the forecast period.
By the organization size segment, the SME segment is expected to grow at the highest CAGR during the forecast period.
The SME segment is expected to grow at the highest rate in the Security and Vulnerability Management Market due to increasing digital transformation, which exposes these businesses to heightened cyber threats. Most SMEs lack the resources and expertise of larger organizations, thus becoming vulnerable to cyber-attacks. Growing regulatory compliance requirements and the affordability of effective security solutions drive SMEs to invest in robust protection measures. As awareness about security risks grows, SMEs focus more on security investments, fueling rapid growth in this market segment.
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By region, North America accounts for the largest market size during the forecast period.
North America is expected to hold the most significant Security and Vulnerability Management Market, driven by its advanced digital infrastructure and the increasing frequency of cyber threats. Cybersecurity technologies have a high adoption rate in the region, and many established vendors make it relatively easier for organizations to implement integrated security measures. Strict regulatory frameworks also make companies have stringent vulnerability management practices to comply with the regulatory requirements and strengthen their security posture. The rapid growth of cloud computing, IoT, and digital transformation agendas further propels the demand for advanced solutions, amplifying North America’s stronghold in this market.
Top Key Companies in Security and Vulnerability Management Market:
Microsoft (US), AT&T (US), CrowdStrike (US), IBM (US), Tenable (US), Cisco (US), DXC Technology (US), Check Point Software Technologies (Israel), Rapid7 (US), Qualys (US), ManageEngine (US), RSI Security (US), Fortra (US), Ivanti (US), Tanium (US), Invicti (US), Outpost24 (Sweden), Skybox Security (US), Vulcan Cyber (Israel), SecPod (India), Balbix (US), Intruder (UK), Brinqa (US), Holm Security (Sweden), Nucleus Security (US), and NopSec (US) are the key players and other players in the Security and Vulnerability Management Market.
Browse Adjacent Markets: Information Security Market Research Reports & Consulting
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Get access to the latest updates on Security and Vulnerability Management Companies and Security and Vulnerability Management Industry
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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
OpenCorporates Appoints tech-entrepreneur Wojtek Kokoszka as New CEO, Founder Chris Taggart to Step into strategic innovation role for Partnerships and New Opportunities
LONDON, Oct. 14, 2024 /PRNewswire/ — Following on from an exceptional 2024 performance, OpenCorporates, the world’s largest open database of legal entities, is excited to announce the appointment of Wojtek Kokoszka as its new Chief Executive Officer. Wojtek, a seasoned entrepreneur and co-founder of Zappi, the leading SaaS Consumer Insights platform, brings a wealth of experience in scaling high-growth businesses and innovation in data-driven industries, both in Europe and the US.
Wojtek joins OpenCorporates with the clear mission to scale the world’s authoritative source of legal-entity data. At Zappi, Wojtek played a pivotal role in growing the company to $100 million in revenue. Under his leadership, Zappi transformed into an industry-leading platform that revolutionized how global consumer brands harness data to derive actionable insights. His track record of driving performance, fostering innovation, and executing strategic vision makes him ideally suited to lead OpenCorporates into its next phase of fast growth.
Chris Taggart, co-founder and outgoing CEO of OpenCorporates, will take on a strategic role as Founder focused on opening up new markets and opportunities. Chris will bring his exceptional domain knowledge and heritage to reinforce OpenCorporates’ position as the world’s most authoritative source of legal entity data. His leadership and vision have been instrumental in building the company from its inception, and he will continue to guide its mission to make company data open, transparent, and accessible to all.
Wojtek Kokoszka, Incoming CEO of OpenCorporates, commented:”I’m thrilled to join OpenCorporates at such an exciting time in its journey. OpenCorporates has established itself as the trusted authority in its space, and I look forward to driving us forward. We are going to deliver ever more quickly on our mission to provide certainty and clarity through our open, reliable, and transparent legal-entity data. I look forward to building on the very strong foundation created by Chris and the team, scaling our operations, and driving innovation to serve the ever-growing demand for high-quality, trustworthy data across public and private sector organisations.”
Chris Taggart, Founder of OpenCorporates, added:”In Wojtek Kokoszka, we have found a leader who will take OpenCorporates to new heights. His expertise in scaling businesses and operational excellence makes him the ideal choice for this role. This also frees me to focus on our strategic vision and work alongside him to explore new markets and ensure OpenCorporates remains at the forefront of corporate transparency. Legal entities are at the heart of the modern world – and as we move into a world of digitalized commerce and AI-generated uncertainty, OpenCorporates will be there to provide the trusted foundational data the world needs.”
About OpenCorporatesOpenCorporates is a certified B Corp, revolutionizing access to company data. It has built the world’s largest open database of companies, and is trusted by regulators, financial institutions, investigative journalists, and businesses for its unparalleled breadth of data, covering over 200 million companies across 140+ jurisdictions, including the entirety of the USA. This leadership transition marks an important milestone as the company continues to scale, innovate, and drive positive change by promoting transparency in the corporate world.
For more information, please contact:
Press Contact:Jackson TorchiaCommunity Manager at [email protected]
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