Connect with us
European Gaming Congress 2024

Uncategorized

Smart Parking Technologies Market Report 2024 – Smart City Projects and Autonomous Cars Pave the Way for Market Growth

Published

on

smart-parking-technologies-market-report-2024-–-smart-city-projects-and-autonomous-cars-pave-the-way-for-market-growth

 
The “Smart Parking Technologies and Global Markets” report has been added to  ResearchAndMarkets.com’s offering.
The global market for smart parking technologies was valued at $35.6 billion in 2022 and is expected to reach $88.8 billion by the end of 2028. The market is projected to grow at a compound annual growth rate (CAGR) of 18.1% during the forecast period of 2023 to 2028.Government initiatives such as smart cities are expected to result in better traffic and parking management solutions in regions such as Asia-Pacific and Oceana by the end of 2030. The desire for better technology to lessen the impact on the environment in the region is another factor fostering demand for smart parking technologies.This report segments the global market for smart parking technologies by offering (i.e., hardware. software and services), parking solution type, technology, end user and region.The hardware segment was valued at $23.2 billion in 2022 and is expected to reach $57.6 billion by the end of 2028. The software segment is forecast to grow at a CAGR of 20.9% to reach $22.3 billion by the end of 2028, up from $7.8 billion in 2022. In the wake of the COVID-19 pandemic, commuters were more likely to drive without passengers, and also avoided public transportation. These habits have increased traffic congestion in cities, leading to increased demand for smart parking solutions such as commercial parking, government parking and transport transit parking.This report provides an overview of the global market for smart parking technologies and analyzes market trends. Using 2022 as the base year, the report provides estimated market data for the forecast period 2023 through 2028. Revenue forecasts for this period are made by hardware, software and services; parking solution type; technology; end user and region.
Key Market Dynamics
Market Drivers

Growing Demand for IoT-Based Vehicles
More Vehicles on the Road
Government Policies and Regulations to Support Smart Parking

Market Challenges

Higher Implementation Costs
Lack of Supporting Infrastructure

Market Opportunities

Advertisement
Stake.com

Smart City Projects
Autonomous Cars and Smart Parking Technology

The Report Includes

37 data tables and 54 additional tables
An overview of the global market for smart parking technologies
Analysis of global market trends, featuring historical revenue data for 2022, estimated figures for 2023, forecasts for 2024 and 2026, and projections of compound annual growth rates (CAGRs) through 202
Evaluation of the current market size and revenue growth prospects, accompanied by a market share analysis by offering, parking solution type, technology, end user and geographic region
Coverage of emerging technologies, the current and future market potential, and the regulatory framework and reimbursement scenarios
Review of patents, and ESG trends in the smart parking technology industry
Market share analysis of the key companies in the industry and coverage of mergers & acquisitions, joint ventures, collaborations, partnerships, and other market strategies
Company profiles of major players within the industry, including 3M, Smart Parking, Cisco Systems Inc., and Continental AG

Key Topics Covered:Chapter 1 Introduction
Chapter 2 Summary and Highlights
Chapter 3 Market Overview

Overview
Value Chain Analysis
Political, Economic, Social and Technological (PEST) Analysis
Impact of Russia-Ukraine War on the Market
Fragmented Market
Manufacturers of Parking Sensors
Large Providers of Automotive Technology
Smart Parking Technology and Applications Providers
Developments in Smart Parking Technologies
Shift Toward Automation
Integrated Parking Solutions
Autonomous Parking
Infrared Proximity Sensors

Advertisement
Stake.com

Chapter 4 Market Dynamics
Chapter 5 Emerging Technologies and Developments

Future of Smart Parking Technologies
Smart Parking in the Future
Application of Emerging Technologies in Smart Parking
Augmented Reality
Radar Technology
Optical Character Recognition (OCR)
Internet of Things
Computer Vision

Chapter 6 Market Breakdown by Offering

Hardware
Software
Services

Chapter 7 Market Breakdown by Parking Solution Type

Advertisement
Stake.com

Automatic Park Assist
Assisted Parking

Chapter 8 Market Breakdown by Technology

Ultrasonic Sensors
Internet of Things (IoT)
Radio Frequency Identification
Other Technologies
Counter Technology
Ground-sensor Technology
Camera-based Technology

Chapter 9 Market Breakdown by End User

Commercial Parking
Government Parking
Transport Transit Parking

Advertisement
Stake.com

Chapter 10 Market Breakdown by Region
Chapter 11 Sustainability in Smart Parking Technologies: An ESG Perspective

ESG Issues in the Smart Parking Technologies Industry
Carbon Footprint/Environmental Impact
Labor Practices
Transparency and Governance
ESG Performance Analysis
Environmental Performance
Social Performance
Governance Performance
ESG Risk Ratings and Levels for Companies
ESG Practices in the Smart Parking Technologies Industry
Case Study
Environmental Initiatives
Social Initiatives
Governance Initiatives
Outcomes
Investments
Concluding Remarks

Chapter 12 Patent Analysis

Granted Patents (2020-2023)
Recently Awarded Patents

Chapter 13 M&A and Venture Funding Outlook
Chapter 14 Competitive Intelligence

Advertisement
Stake.com

Vendor Landscape
Market Ranking Analysis

Smart Parking Ltd.
Cisco Systems
Continental AG
Aisin Corp
BMW Group
Strategic Analysis

Chapter 15 Company Profiles

3M
Aptiv
Cisco Systems Inc.
Continental Ag
Flashparking
Inrix
Kapsch Trafficcom Ag
Nec Corp.
Nedap N.V.
Robert Bosch Gmbh
Siemens Ag
Smart Parking
Tkh Group
Valeo

For more information about this report visit https://www.researchandmarkets.com/r/ohgjba
The post Smart Parking Technologies Market Report 2024 – Smart City Projects and Autonomous Cars Pave the Way for Market Growth appeared first on HIPTHER Alerts.

Advertisement
Stake.com
Continue Reading
Advertisement
Stake.com

Uncategorized

CHOROLOGY Emerges to Apply Generative AI to Data Governance

Published

on

chorology-emerges-to-apply-generative-ai-to-data-governance

 
CHOROLOGY.ai has emerged from stealth mode with a focus on applying generative artificial intelligence (AI) to enhance data governance. The company has developed a specialized language model tailored to discover various data types, simplifying compliance, ensuring data privacy, and enhancing security posture enforcement.
CEO/CTO Tarique Mustafa highlighted that their auto-data discovery engine, coupled with auto-data classification and mapping engines, eliminates the need for pre-processing data to enforce governance and compliance policies. This capability collectively allows organizations to significantly reduce the total cost of data governance.
Moreover, the domain-specific language model enables cybersecurity and IT teams to utilize natural language queries, reducing the expertise required to govern data effectively. Mustafa emphasized that this approach will democratize compliance, making it easier for organizations of all sizes to meet diverse regulatory mandates.
With the advent of stringent data privacy regulations like the California Consumer Privacy Act of 2018 (CCPA), Mustafa underscored the necessity for organizations to adopt more efficient data governance strategies. Rather than relying on large language models (LLMs), CHOROLOGY.ai chose to develop a domain-specific model tailored specifically for data governance. This model is extended through multiple engines for data discovery, classification, and mapping.
The transformative potential of AI in data security is undeniable. CHOROLOGY.ai anticipates that organizations managing sensitive data will prefer domain-specific models trained explicitly for data management. As data volumes continue to grow exponentially, effective data governance and security will increasingly rely on AI technologies. However, the company also acknowledges the looming threat of cybercriminals leveraging AI for malicious purposes.
The challenge lies in securing the necessary funding to deploy AI technologies across organizations for real-time data governance and security. While it may take years for all platforms and tools to integrate AI capabilities fully, organizations can rationalize costs by prioritizing AI-infused upgrades and adjusting spending on perimeter-focused security solutions. As applications evolve, traditional security paradigms are evolving, necessitating a shift towards AI-driven data governance controls.
In conclusion, the future of data security hinges on effectively harnessing AI. The ongoing challenge is to determine the most efficient and impactful ways to apply AI technologies to manage and secure data effectively in a rapidly evolving digital landscape.
Source: securityboulevard.com
The post CHOROLOGY Emerges to Apply Generative AI to Data Governance appeared first on HIPTHER Alerts.

Continue Reading

Uncategorized

Problems that take a decade to solve can potentially be achieved in a year with AI, says Automation Anywhere’s Prince Kohli

Published

on

problems-that-take-a-decade-to-solve-can-potentially-be-achieved-in-a-year-with-ai,-says-automation-anywhere’s-prince-kohli

 
In Short

AI-enabled automation can help reduce costs for companies.
Automation Anywhere offers a suite of AI tools to automate work processes.
Specific tasks within organizations can be automated using AI Agents.

Artificial intelligence (AI) and automation are transforming industries at an unprecedented pace. Companies are leveraging these technologies to accelerate processes, enhance productivity, and create innovative solutions. At the Imagine AI event in Austin, Texas, India Today spoke with Prince Kohli, CTO of Automation Anywhere, about how AI is revolutionizing automation and how enterprises can responsibly deploy these advancements without compromising digital security.
The Power of AI-Enhanced Automation
Is automation still relevant with AI in the picture? “Automation uses AI to get better,” said Prince Kohli. “It will always be complementary.” He emphasized that AI is a powerful tool for understanding and extracting valuable information, which is then used to optimize automated processes. For instance, in the banking sector, AI can analyze millions of transactions daily to identify anomalies, flag suspicious activities, and ensure compliance. This synergy between AI and automation enables tasks to be completed with greater productivity and accuracy than ever before.
One significant advantage of AI in automation is its ability to reduce time-intensive processes. “In drug discovery, what typically takes a decade can potentially be achieved in a year with AI,” Kohli noted. This dramatic reduction in time is not limited to pharmaceuticals but spans various industries, enhancing efficiency and output.
AI Tools for Seamless Integration
California-based Automation Anywhere provides a suite of user-friendly tools designed to make AI integration seamless for enterprises. These tools are developed to be accessible while concealing the complexities of the underlying technologies. Kohli highlighted the company’s Co-Pilot feature, launched last year at the Imagine event, which integrates with applications like Microsoft and Salesforce. “We are trying to ensure that companies don’t have to understand the complexities of the process or the technology and can still use them,” he said. This approach allows even non-technical users to harness the power of AI to drive productivity.
Training and skill development are crucial for effectively deploying AI tools. “We enable people to create those tools and provide training on how to use them,” Kohli mentioned. For developers, Automation Anywhere offers functionalities like prompt auto-tuning, allowing them to create models and set up guardrails effortlessly. This democratization of AI tools promotes broader adoption and innovative use cases within organizations.
Real-World Applications in India
Kohli shared several success stories from India, highlighting tangible benefits from AI-enhanced automation for clients like Tata Sky and Indian Oil Corporation. In contact centers, processes that used to take 6-8 minutes are now significantly faster due to AI’s ability to pull relevant customer information instantly. “When it’s an email, the AI can parse the data and provide a comprehensive answer to the query,” Kohli said, illustrating how AI agents are evolving from basic support tools to intelligent assistants.
Source: indiatoday.in
The post Problems that take a decade to solve can potentially be achieved in a year with AI, says Automation Anywhere’s Prince Kohli appeared first on HIPTHER Alerts.

Continue Reading

Uncategorized

Concentric AI Launches First Data Security Control for Compliance

Published

on

concentric-ai-launches-first-data-security-control-for-compliance

 
Concentric AI has announced the integration of new industry compliance capabilities into its Semantic Intelligence Data Security Posture Management (DSPM) solution.
These innovative features enable Concentric AI to identify data risks within organizational environments relevant to various compliance frameworks, address these issues, and meet compliance regulations more effectively than any other product on the market.
The enhanced compliance functionality offers comprehensive, out-of-the-box monitoring and reporting for popular regulations and frameworks such as HIPAA, NIST, PCI, HITRUST, ISO 27001, SOC 2, GLBA, SOX, GDPR, CCPA, among others. This allows organizations to efficiently track their compliance progress across multiple regulatory standards.
The new capabilities facilitate easy mapping of data security controls to specific enterprise environments, ensuring adherence to various regulatory requirements. Organizations can leverage Concentric AI to implement these security controls and evaluate their compliance status. Unlike competing solutions, Concentric AI provides a transparent view of an enterprise’s compliance status, with the ability to delve into specific frameworks and controls.
“Enterprises today need their data security posture management solutions to address their data security and governance needs,” said Karthik Krishnan, Concentric AI Founder and CEO. “With Concentric AI, they also gain proactive discovery, monitoring, and remediation capabilities to meet their data security and compliance requirements. Our new compliance functionality gives organizations a detailed understanding of their compliance status and enables them to take proactive measures to address any gaps and meet their compliance needs.”
Concentric AI’s new compliance features break down each regulation and standard into specific controls and rules, mapping them to data security requirements and status within an organization. The solution identifies relevant rules for each regulation, maps controls under each rule to specific data security requirements, monitors and reports on current status, provides actionable insights, remediates issues, and tracks the organization’s progress.
The user-friendly compliance dashboard offers an overall compliance score, detailed sections for each regulation, and a breakdown of control tests and failed assets for audit reports. This allows organizations to easily identify and address any compliance risks, ensuring their data security posture remains robust and compliant with regulatory standards.
Source: bisinfotech.com
The post Concentric AI Launches First Data Security Control for Compliance appeared first on HIPTHER Alerts.

Continue Reading

Trending