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EV Charging Software Market to Reach $11.1 Billion by 2032 at 28.9% CAGR: Allied Market Research

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Allied Market Research published a report, titled, “EV Charging Software Market by Charging Site (Public and Private), Charger Type (Level 1, Level 2, and Level 3), and Vehicle Type (E-2Wheeler, E-3Wheeler, E-car (personal), and E-car (commercial)): Global Opportunity Analysis and Industry Forecast, 2024-2032″. According to the report, the “EV charging software market” was valued at $1.1 billion in 2023, and is estimated to reach $11.1 billion by 2032, growing at a CAGR of 28.9% from 2024 to 2032.
Prime Determinants of Growth
Rise in sales of electric vehicles and increase in government initiatives toward a pollution-free environment are factors expected to propel the growth of the global EV charging software market. However, risk of cyber-attacks is anticipated to hamper the growth of the global market. On the contrary, increase in demand for 5G and IoT in charging stations is expected to create lucrative opportunities for the growth of the global market.
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Report Coverage & Details:

Report Coverage

Details

Forecast Period

2023–2032

Base Year

2023

Market Size in 2023

$1.1 Billion

Market Size in 2032

$11.1 Billion

CAGR

28.9 %

Segments covered

Charging Site, Charger Site, Vehicle Type, and Region.

Drivers

Growing sales of electric vehicles
Government initiatives toward a pollution-free environment

Opportunities

Future potential of 5G and IoT

Restraints

Risk of cyber attacks

Buy this Complete Report (300 Pages PDF with Insights, Charts, Tables, and Figures) at:https://www.alliedmarketresearch.com/ev-charging-software-market/purchase-options
The public segment to maintain its lead position during the forecast period.
By charging site, the public segment accounted for the largest share in 2023, contributing for more than half of the EV charging software market revenue, as it can help to make EVs more accessible and convenient for residents and businesses. However, the private segment is expected to attain the largest CAGR of 29.5% during the forecast period as it offers augmented controlling, minimal crowd, flexibility, and optimizable solutions.
The level 2 segment to maintain its lead position during the forecast period.
By charger type, the level 2 segment accounted for the largest share in 2023, contributing for more than two-fifths of the EV charging software market revenue, as these chargers can provide up to 30 miles of range per hour of charging and with the help of level 2 chargers user can charge their vehicle at home or workplace, making it more convenient. However, the level 3 segment is expected to attain the largest CAGR of 30.3% during the forecast period. As it offers rapid charging, it can go a long way by helping drivers get past the fear of getting stranded on the road. Thus, driving the growth of the segment in the global EV charging software market.
The vehicle type segment to maintain its lead position during the forecast period.
By vehicle type, the e-2wheeler segment accounted for the largest share in 2023, contributing for more than one-third of the EV charging software market revenue, as electric vehicles, such as electric scooters and bikes, save money as they do not require fuel and need as much maintenance as compared to traditional vehicles. However, the personal e-car segment is expected to attain the largest CAGR of 32.7% during the forecast period. Electric cars produce fewer greenhouse gas emissions and air pollutants as compared to traditional vehicles, contributing to a cleaner environment.
Asia-Pacific region to maintain its dominance by 2032.
By region, the Asia-Pacific segment held the highest market share in terms of revenue in 2023, accounting for nearly one-fourth of the EV charging software market revenue. Increase in the usage of EV charging software in businesses to improve businesses and the customer experience is anticipated to propel the growth of the market in this region.
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Leading Market Players: –

ChargePoint, Inc.
EVBox
EVConnect
Shell Recharge Solution
ChargeLab, Inc.
Siemens AG
Tesla
Centrica
Driivz Ltd.
Eaton Corporation

The report provides a detailed analysis of these key players in the EV charging software market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different countries. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
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AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.
Get an access to the library of reports at any time from any device and anywhere. For more details, follow the link: https://www.alliedmarketresearch.com/library-access
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Easyjet, eyeing record summer, boosts nerve center with AI

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Easyjet’s cutting-edge facility, equipped with artificial intelligence (AI), is now operational near Luton airport, managing approximately 2,000 flights daily across Europe as the airline anticipates heightened demand for the summer season.
Known as the Integrated Control Center (ICC), this facility plays a pivotal role in Easyjet’s operations, facilitating swift adjustments to flight schedules and monitoring aircraft health in real-time. Situated near London, the center boasts advanced capabilities, including engine analysis and even monitoring of onboard facilities like toilets.
As the aviation industry rebounds from the impacts of COVID-19, Easyjet has ramped up its recruitment efforts, doubling the workforce at the control center to 266 employees, who work tirelessly around the clock, overseeing operations displayed on large curved screens.
Gill Baudot, Easyjet’s director of network control, emphasized the airline’s anticipation of a busy summer season, projecting a significant increase in passenger numbers to 300,000 daily. The ICC plays a crucial role in adapting swiftly to any disruptions, from adverse weather conditions to technical issues, ensuring smooth logistics and minimizing passenger inconvenience.
To enhance decision-making during critical situations, Easyjet has integrated an AI tool similar to ChatGPT, aiding staff in tasks such as aircraft rerouting and crew assignment. Despite technological advancements, Baudot stressed the importance of human judgment in making final decisions.
Throughout the pandemic, Easyjet, under the leadership of CEO Johan Lundgren, has recognized the potential of data-driven solutions to enhance customer experience and operational efficiency. Lundgren highlighted the role of technology in optimizing various aspects of airline operations, from predicting catering needs to facilitating predictive maintenance decisions.
Mark Garrett, overseeing customer disruption at Easyjet, emphasized the center’s focus on passenger welfare, ensuring prompt communication and prioritization of flights, particularly those with significant numbers of children or group travelers, in the event of disruptions.
As Easyjet navigates through the challenges posed by COVID-19, its investment in technology, automation, and AI reflects a commitment to adaptability and efficiency in serving passengers and maintaining operational excellence in the aviation sector.
Source: techxplore.com

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Building better ethical standards for AI, for democracy

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In our swiftly advancing digital realm, Artificial Intelligence (AI) presents both a formidable challenge to and a significant opportunity for the health of democracy. One emerging threat to democratic systems stems from malicious actors who seek to exploit AI to disrupt societal cohesion.
The unchecked proliferation of AI language models has underscored the urgent need for robust ethical standards. Core principles such as privacy, algorithm transparency, user safety, fairness, and inclusivity have often been overlooked amid the rapid progress of AI technologies. Establishing and rigorously testing clear ethical guidelines is crucial to ensuring that AI operates within ethical boundaries and contributes positively to the common good.
A comprehensive approach is necessary, one that protects free speech while empowering users to identify and address bias and harmful content. Initially, efforts should focus on detecting and analyzing disinformation, biases, discrimination, hate speech, and deepfakes. Sophisticated tools leveraging machine learning and natural language processing techniques can be developed to identify and scrutinize harmful content in real-time. These tools should be tested with diverse user groups to safeguard free speech.
Furthermore, AI’s proactive engagement with misinformation can play a vital role in shaping public discourse. By actively countering falsehoods and promoting accurate information, AI-powered tools have the potential to guide conversations toward truthfulness and mitigate the spread of misinformation. This proactive approach not only limits the dissemination of harmful narratives but also fosters a culture of accountability and accuracy in digital spaces, enhancing public trust in AI’s ability to combat misinformation.
In addition to detection and engagement, the implementation of automated reporting systems is crucial in safeguarding democratic institutions from threats posed by state or terrorist-backed actors. These AI-powered systems can swiftly identify and flag harmful content to hosting platforms, enabling timely intervention and moderation. Streamlining the reporting process allows platforms to respond effectively, preserving the integrity of online discourse.
Transparency tools are also essential in building user trust and facilitating informed decision-making. By offering insights into the origins, legitimacy, and credibility of digital content, these tools empower individuals to navigate the digital landscape with discernment. From tracking sources to verifying links and fact-checking, transparency tools enable users to critically evaluate information and contribute to a safer online environment.
AI presents both opportunities and risks for democracy. It is imperative to ensure that AI aligns with our shared values to strengthen democratic institutions and uphold the highest standards of ethics and transparency. By prioritizing inclusivity, fairness, and accountability, we can harness AI’s potential to bolster resilience, safety, and trust in our democratic systems.
Source: diplomaticourier.com

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AVPN launches $15M AI Opportunity Fund with Google.org, ADB support

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AVPN, the premier network of social investors headquartered in Singapore, has unveiled the $15 million Artificial Intelligence (AI) Opportunity Fund: Asia-Pacific, in collaboration with Google.org and the Asian Development Bank (ADB).
In a statement released on Monday, AVPN outlined the fund’s objective as a three-year initiative aimed at equipping Asia’s workforce with essential AI knowledge and tools necessary for the evolving job market. The goal is to ensure that opportunities presented by AI are accessible to a broader spectrum of people in the region, particularly those from marginalized communities.
Through an open call, the fund seeks to identify and select non-profit organizations, social enterprises, and workforce associations across the Asia-Pacific region that effectively engage with workers most affected by AI-driven workforce transitions. Selected organizations will receive comprehensive support, including guidance, financial assistance, and customized AI training based on foundational courses developed by Google and its partners.
Scott Beaumont, President of Google Asia-Pacific, emphasized the transformative potential of AI in the region, stating, “AI presents tremendous opportunities for the Asia-Pacific region, but it’s crucial to equip people with the skills needed to thrive.” He expressed confidence that the AI Opportunity Fund will empower underserved communities and ensure widespread benefits from AI advancements.
The initiative comes at a time when employers in the Asia-Pacific region are increasingly optimistic about AI’s ability to enhance productivity. However, concerns persist among employees about potential job displacement due to AI automation, particularly among disadvantaged populations. Naina Subberwal Batra, CEO of AVPN, underscored the urgency of building an AI-ready workforce to unlock Asia’s full potential and address the socioeconomic impact of AI-driven job transitions.
Jason Rush, Principal Regional Cooperation Specialist at ADB, emphasized the importance of bridging skills and knowledge gaps in underserved communities to facilitate access to AI-driven opportunities. He highlighted the AI Opportunity Fund as a crucial tool to support organizations in upskilling and reskilling workers, enabling them to benefit from the evolving job landscape shaped by AI technology.
AVPN, comprising over 600 funders and resource providers across 33 markets, aims to enhance the flow and effectiveness of capital in Asia by enabling members to channel resources towards impactful initiatives. Google.org, Google’s philanthropic arm, collaborates with nonprofits, social enterprises, and civic entities to address societal challenges and create scalable, meaningful change. Through their combined efforts, AVPN and Google.org strive to harness the potential of AI to promote inclusive growth and opportunity across the Asia-Pacific region.
Source: technode.global

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