#Digital Identity Solutions Market Growth 2023

[businessintelligenceinsightsblog]

As per Business Intelligence Insights (BII) study, the global Digital Identity Solutions Market attained revenue growth of USD 23.10 billion in 2021 and it is projected to reach around USD 55.99 billion by 2030, growing at a 15.90% CAGR.

[zeal97sblog]

How to Boost Your Rankings with Local SEO for Multiple Locations in 2023?

Are you tired of missing out on potential customers in different locations while juggling various SEO strategies? It’s time to bring order to the chaos and embrace efficiency with the best local SEO packages.

In 2023, businesses aiming to expand their reach across multiple locations can benefit immensely from a unified and comprehensive approach.

Flexible local SEO packages offer a solution tailored to your specific needs, enabling you to streamline your efforts and maximize results. From conducting in-depth local keyword research to optimizing your Google Business Profile and building local citations, these packages ensure your business stands out in every targeted area.

So, don’t let your competitors steal the spotlight. Read this blog post to embrace the power of local SEO packages and watch as your business soars to new heights in every location. Let’s get started:

Understanding Local SEO Packages: Choosing the Right Solution

Local SEO packages are customized solutions digital marketing agencies offer to help businesses optimize their online presence for specific geographic areas.

These packages typically include a range of services like keyword research, on-page optimization, local business listings, Google Business Profile optimization, citation building, review management, and more.

When choosing a local SEO package for multiple locations, it is essential to consider the unique needs of your business. It would help if you looked for packages that offer comprehensive coverage for each site. This way, you can ensure the strategies align with each target market’s requirements and demographics.

The Benefits of Local SEO Packages for Multiple Locations

Enhanced Visibility and Rankings for Each Location

One of the primary benefits of flexible local SEO packages is their enhanced visibility for each of your business locations. By optimizing your website and online profiles for specific locations, you can increase your chances of appearing in local search results when potential customers search for products or services in those areas.

This improved visibility can significantly boost your rankings and make your business more accessible to local customers.

Targeted Traffic and Increased Conversions

Local SEO packages enable businesses to attract targeted traffic to each location. By optimizing your website and online listings with location-specific keywords, you can drive qualified leads to your business.

When potential customers find your business in local search results, they are more likely to be genuinely interested in your offerings. It ultimately leads to higher conversion rates and improved business growth.

Cost-Effectiveness and ROI for Multiple Locations

Investing in flexible local SEO packages for multiple locations can offer a cost-effective solution compared to running separate SEO campaigns for each location. By bundling your SEO efforts into a single package, you can benefit from economies of scale and streamline your marketing efforts.

Additionally, local SEO packages provide a higher return on investment (ROI) by focusing on specific geographic areas where your target audience is more likely to convert into paying customers.

Consistent Branding and Messaging

Flexible local SEO packages enable you to maintain consistent branding and messaging across all your locations. Consistency in your online presence helps build trust and recognition among customers. It includes using consistent business information, logos, and branding elements.

Local SEO strategies ensure your brand is accurately represented in each location, reinforcing your credibility and overall brand identity.

Reputation Management

Online reviews and ratings have a significant impact on a business’s reputation. Local SEO packages often include reputation management features that allow you to monitor and respond to customer reviews across multiple locations.

By actively managing and addressing customer feedback, you can enhance your brand’s reputation, improve customer satisfaction, and build trust with your target audience.

Competitive Advantage

By implementing local SEO strategies across multiple locations, you gain a competitive advantage over businesses that rely solely on standard SEO methods or neglect location-specific optimization.

Local SEO packages allow you to dominate the local search results, outrank competitors, and establish your business as the go-to choice in each targeted location. This competitive edge can increase market share, customer loyalty, and long-term business growth.

Finding the Best Local SEO Package for Multiple Locations

Factors to Consider When Selecting a Package

When selecting a local SEO package for your business, it is essential to consider several key factors to ensure you choose the most suitable option. Here are some factors to keep in mind:

Business Goals: Start by defining your specific business goals and objectives. Are you looking to increase local visibility, drive more website traffic, or boost conversions? Understanding your goals will help you align them with the features and services offered in the local SEO package.

Services Included: Review the scope of services included in the package. Look for integral components such as local keyword research, on-page optimization, Google Business Profile optimization, local citation building, online review management, and reporting. Ensure the package covers the fundamental aspects needed to improve your local search rankings and visibility.

Customization Options: Consider whether the local SEO package allows customization to fit the unique requirements of your business. Each location may have distinct characteristics, demographics, or competition levels. So, having the flexibility to tailor the strategy to each location’s needs can significantly impact the effectiveness of your campaign.

Reputation and Experience: Research the reputation and experience of the SEO service provider. Look for testimonials, case studies, and client reviews to gain insights into their track record and the results they have achieved for businesses targeting multiple locations. Working with an experienced and reputable provider increases the likelihood of a successful campaign.

Pricing Structure: Make sure to evaluate the pricing structure of the local SEO package. Understand how the costs are determined and whether they align with your budget. Consider the package’s value in terms of the services provided and the potential return on investment (ROI) for your business.

Reporting and Communication: Determine how the local SEO package handles reporting and communication. Regular reporting and updates are essential to track the progress of your campaign and make data-driven decisions. Ensure the package includes clear communication channels and reporting mechanisms to inform you about the performance and results.

Support and Expertise: Assess the level of support and expertise the SEO service provider provides. It is crucial to have access to a knowledgeable and responsive team that can address any questions, concerns, or issues that may arise while implementing the local SEO strategy

By considering these factors, you can make a well-informed decision when selecting a local SEO package that aligns with your business goals and maximizes the impact of your local search optimization efforts.

Evaluating the Flexibility of Local SEO Packages

Flexibility is vital when selecting a local SEO package for multiple locations. Your business needs may vary from location to location. So, having the flexibility to adapt and customize the strategies accordingly is essential.

Make sure to look for packages that allow for scalability, and therefore, you can adjust your SEO efforts as your business grows or targets new markets.

Comparing the Top Local SEO Packages in 2023

In 2023, the market will likely offer various local SEO packages for multiple locations. It is crucial to compare different providers’ features, pricing, and reputation before deciding.

It would help if you looked for packages with a proven track record of delivering results, providing comprehensive services, and offering competitive pricing.

Local SEO Packages Cost for Multiple Locations

Now that you know how to come across the best local SEO packages for your requirements, it is time to understand their cost. Let’s talk about it in detail in the forthcoming section:

Understanding Pricing Models and Factors Affecting Costs

The local SEO packages cost for multiple locations can vary depending on several factors. Standard pricing models include fixed monthly fees and hourly or performance-based pricing.

Many different factors can considerably impact the cost. Some of these include the number of locations, the competitiveness of the target markets, the scope of services included, and the reputation of the digital marketing agency.

Comparing Costs: Budget-Friendly Options and Value for Money

When you are making a cost comparison, it is crucial to strike a balance between budget-friendly options and value for money. While opting for the cheapest package available may be tempting, you must consider the quality of services provided and the potential impact on your business’s success. It is always a good idea to look for packages that offer a competitive price point while delivering comprehensive and effective local SEO strategies.

Calculating ROI for Local SEO Packages

To assess the ROI of the best local SEO packages, consider the potential increase in organic traffic, conversions, and revenue for each location.

Also, calculate the estimated value of new customers acquired through local SEO efforts and compare it with the package cost. A positive ROI indicates that the local SEO package delivers measurable value to your business.

ZealousWeb: Your Partner for Effective Local SEO for Multiple Locations

Whenever it comes to implementing local SEO strategies for your business’s multiple locations, ZealousWeb stands as a trusted partner. Here’s why:

Tailored Solutions for Your Business Needs

ZealousWeb is a leading digital marketing agency that offers customized local SEO solutions for businesses with multiple locations. Our experienced team understands the nuances of local SEO and can customize strategies to suit each site’s unique requirements.

With ZealousWeb, you can expect broad coverage, effective optimization techniques, and a focus on driving targeted traffic to your business.

The Expertise and Experience of ZealousWeb

ZealousWeb boasts a team of skilled professionals with extensive local SEO experience. Their expertise includes keyword research, on-page optimization, Google My Business optimization, citation building, and review management.

With our in-depth knowledge of the latest SEO trends and best practices, we can help your business significantly improve local search rankings.

Success Stories and Client Testimonials

We at ZealousWeb have a proven track record of delivering exceptional results for businesses with multiple locations. We have helped numerous clients improve their local search visibility, increase website traffic, and drive conversions.

You can explore our success stories and client testimonials to gain confidence in our ability to deliver outstanding local SEO services.

In a Nutshell

So, in 2023, local SEO remains a robust tool for businesses targeting multiple locations. By implementing a complete local SEO package, you, as a business owner, can enhance your rankings, increase visibility, drive targeted traffic, and boost conversions for each location.

Consider factors like flexibility, cost-effectiveness, and reputation while selecting the best local SEO package for your business. With the expertise and cutting-edge solutions provided by ZealousWeb, you can confidently embark on your local SEO journey and achieve remarkable results across your multiple locations.

For more details, don’t hesitate to get in touch with us now!

[industryforecastnews]

Electronic Design Automation Software Market Size And Share Report, 2030

Electronic Design Automation Software Market Growth & Trends

The global electronic design automation software market size is anticipated to reach USD 22.21 billion by 2030, expanding at a CAGR of 9.1% from 2023 to 2030, according to a new study by Grand View Research Inc. The growing usage of advanced electronic components across different areas of healthcare, automotive, and consumer electronic sectors is driving Electronic Design Automation (EDA) software market growth. Apart from this, the proliferation of the Internet of Things (IoT) and connected devices further promotes EDA software market advancement.

Miniaturization of devices and chips is expected to create lucrative opportunities for EDA software. This software assists chipmakers in lowering the errors in Integrated Circuit (IC) and chips, thereby driving the electronic design automation software industry growth. The exponential growth of the integrated circuits market is driving the need for electronic design automation software. The software is increasingly being adopted for designing electronic systems such as printed circuit boards and integrated circuits, supporting the growth of the EDA market.

Furthermore, developments in technology, growing digitization, growth of the electronics manufacturing industry, and increasing adoption of advanced rendering & simulation tools by hardware designers are expected to positively influence the electronic design automation software industry growth over the forecast period. Furthermore, the increasing acceptance and awareness of smart fitness devices are factors enabling electronic design companies to invest in innovative design software tools for designing enhanced & compact products, thereby propelling the EDA software market growth over the forecast period.

Growing demand for EDA software is encouraging various market players to adopt various business strategies to achieve higher profitability in the market for electronic design automation software. Market players are unveiling new solutions by partnering with technology providers to improve their brand identity, propelling the EDA software market growth. For instance, in January 2022, Altium LLC announced a partnership with MacroFab, Inc., a U.S.-based cloud platform provider for electronic production, to launch “Altimade.” The new solution combines elastic manufacturing capabilities and real-time supply chain data, available on the Altium 365 electronic design platform. Altimade empowers customers to request instant quotes and place orders for manufacturing their PCB assembly without exiting the design environment.

Request a free sample copy or view report summary: https://www.grandviewresearch.com/industry-analysis/electronic-design-automation-eda-software-market

Electronic Design Automation Software Market Report Highlights

The services segment is expected to register a CAGR of 10.6% from 2023 to 2030. The segment growth can be attributed to the increasing proclivity of OEMs to outsource their design needs. Furthermore, electronic circuit boards are in high demand in the industry due to their increasing importance in a variety of vital electronic products such as mobile phones and tablets

The cloud segment is expected to register a CAGR of 10.8% from 2023 to 2030. Cloud-based deployment allows for faster distribution, less maintenance, lower costs, and more scalability

The healthcare segment is expected to register a CAGR of 11.5% from 2023 to 2030. The segment growth can be attributed to the benefits of EDA software in healthcare, such as lower costs, improved patient outcomes, faster design & development, enabled regulatory compliance of medical devices, and simulation and testing of medical equipment

The microprocessors & controllers segment is expected to register a CAGR of 9.5% from 2023 to 2030. The increased use of microprocessors in consumer devices such as smartphones, personal computers (PCs), and laptops is expected to drive global demand for the segment

Asia Pacific is anticipated to emerge as the fastest-growing region over the forecast period at a CAGR of 9.6%. A surge in demand for electronic devices together with the prevalence of key electronic component manufacturers in Greater China is expected to drive regional growth

Electronic Design Automation Software Market Segmentation

Grand View Research has segmented the global electronic design automation software market based on product, deployment, application, end-use, and region:

Electronic Design Automation (EDA) Software Product Outlook (Revenue, USD Billion, 2018 - 2030)

Computer-aided Engineering (CAE)

IC Physical Design and Verification

Printed Circuit Board and Multi-chip Module (PCB and MCM)

Semiconductor Intellectual Property (SIP)

Services

Electronic Design Automation (EDA) Software Deployment Outlook (Revenue, USD Billion, 2018 - 2030)

Cloud

On-premise

Electronic Design Automation (EDA) Software Application Outlook (Revenue, USD Billion, 2018 - 2030)

Aerospace and Defense

Automotive

Healthcare

Industrial

Consumer Electronics

Others

Electronic Design Automation (EDA) Software End-use Outlook (Revenue, USD Billion, 2018 - 2030)

Microprocessors & Controllers

Memory Management Unit (MMU)

Others

Electronic Design Automation (EDA) Software Regional Outlook (Revenue, USD Billion, 2018 - 2030)

North America

Europe

Asia Pacific

Latin America

Middle East & Africa

List of Key Players in the Electronic Design Automation Software Market

Advanced Micro Devices, Inc.

Aldec, Inc.

Altair Engineering Inc.

Altium LLC

Autodesk, Inc.

ANSYS, Inc.

Cadence Design Systems, Inc.

eInfochips

EMA Design Automation, Inc.

Keysight Technologies

Microsemi

Synopsys, Inc.

Silvaco, Inc.

The MathWorks, Inc.

Vennsa Technologies

Zuken

Browse Full Report: https://www.grandviewresearch.com/industry-analysis/electronic-design-automation-eda-software-market  

[news24-amit]

The Global Web 3.0 Blockchain Market: Trends, Challenges, and Opportunities

The Web 3.0 blockchain market is shaping the future of the internet by leveraging decentralization, transparency, and user empowerment. Built on blockchain technology, Web 3.0 introduces a decentralized infrastructure that eliminates intermediaries, enhances security, and fosters innovative applications. This transformative market is projected to grow significantly, advancing at a compound annual growth rate (CAGR) of 44.5% from 2023 to 2031, reaching a staggering valuation of US$ 54.04 billion by the end of the forecast period.

Market Overview and Dynamics

The Web 3.0 blockchain market encompasses private, public, and hybrid blockchain types, applied across various domains such as payments, smart contracts, digital identity, supply chain management, and more. As industries evolve to prioritize transparency and data ownership, the adoption of Web 3.0 blockchain technology is accelerating rapidly.

Key factors driving this market include:

Demand for Data Ownership: With growing concerns about cyberattacks and data theft, individuals and organizations are prioritizing secure, decentralized systems for greater control over their data.

Surge in Investments: Blockchain technology has attracted significant investment, particularly in the finance, retail, and supply chain sectors, fueling advancements in the Web 3.0 blockchain ecosystem.

Key Drivers of Growth

1. Venture Capital Funding and Industry Investments

The blockchain ecosystem is flourishing, thanks to robust venture capital funding. In 2021, global blockchain startups secured US$ 25.2 billion in funding, marking a 713% increase from the previous year. Notably, U.S.-based startups attracted over half of these investments, reflecting the country’s leadership in blockchain innovation. Major companies such as Alphabet have also contributed significantly, with investments exceeding US$ 1.5 billion in blockchain-related ventures.

These investments empower startups and established firms to focus on research and development (R&D), creating scalable, innovative Web 3.0 blockchain solutions.

2. Adoption Across Supply Chain Management, E-commerce, and Retail

Web 3.0 blockchain technology is revolutionizing supply chains, retail, and e-commerce by enhancing transparency, efficiency, and security.

Supply Chains: Blockchain-enabled smart contracts and digital ledgers improve traceability and automate workflows. For instance, Walmart uses blockchain to track product origins, ensuring greater transparency and reliability.

E-commerce: Platforms like Amazon-managed blockchain streamline operations, reduce overhead costs, and enhance customer experiences by offering secure, personalized solutions.

By improving contract management, reducing disputes, and enhancing trust, blockchain adoption in these sectors creates significant opportunities for market growth.

Regional Market Insights

North America:

Leading the global Web 3.0 blockchain market, North America benefits from robust investments and early adoption of blockchain technology, particularly in the U.S. The region’s mature technology landscape and support for innovation make it a key player in the industry.

Asia Pacific:

Asia Pacific is poised to witness the highest growth rate during the forecast period, driven by emerging economies such as China and India. These countries are investing heavily in blockchain infrastructure, supported by their large and growing consumer bases. India’s advancements, like Polygon Technology’s scaling platform for Ethereum, underscore the region’s potential.

Opportunities in Emerging Applications

The application of Web 3.0 blockchain technology spans diverse industries, from payments to digital identity solutions. For example:

Payments and Smart Contracts: Blockchain enhances security and efficiency in financial transactions while reducing dependency on intermediaries.

Digital Identity: Decentralized identity systems empower users to control access to their personal data, mitigating risks associated with data breaches.

The ongoing exploration of blockchain solutions for non-traditional sectors, such as healthcare, real estate, and media, further broadens the scope of opportunities.

Competitive Landscape

Prominent players in the Web 3.0 blockchain market include:

Helium Inc.

Polygon Labs UI (Cayman) Ltd.

ConsenSys

Ocean Protocol Foundation Ltd.

Coinbase

Filecoin

Binance

These companies are driving innovation through strategic investments in R&D and collaborations. By addressing scalability and usability challenges, they aim to deliver cutting-edge solutions that cater to the growing demand for Web 3.0 blockchain applications.

Future Outlook

The Web 3.0 blockchain market presents a promising future for businesses and users alike. With a focus on decentralization, enhanced security, and efficiency, the technology is set to disrupt traditional industries while fostering a more open and transparent digital ecosystem.

The combination of rising investments, expanding applications, and a supportive regulatory environment will propel the market to new heights, transforming how businesses and individuals interact with technology. As adoption accelerates, Web 3.0 blockchain is not just a trend—it’s the cornerstone of the internet’s next generation.

[rohitpalan]

Public Key Infrastructure (PKI) Industry Set for 15.6% CAGR Growth, Reaching USD 25.6 Billion by 2034 | Future Industry Insights Inc.

The global Public Key Infrastructure (PKI) industry is projected to witness substantial growth, driven by an escalating demand for secure digital transactions and communications. With a industry valuation of USD 5,200.0 million in 2023, the industry is expected to grow significantly, reaching USD 6,011.2 million by 2024. This robust growth trajectory reflects the increasing reliance of businesses across various sectors on secure cryptographic technologies to protect sensitive data. The industry is poised to expand at a compound annual growth rate (CAGR) of 15.6%, culminating in a forecasted size of USD 25,617.7 million by 2034.

The need for enhanced security protocols in the face of rising cyber threats, as well as stringent data protection regulations, is fueling the demand for PKI solutions. PKI serves as a foundational security architecture, offering encryption, authentication, and digital signature solutions to ensure the confidentiality and integrity of communications. Industries such as banking, financial services, insurance (BFSI), government and defense, healthcare, and retail are increasingly adopting PKI systems to safeguard their operations and customer interactions.

One of the primary trends shaping the future of the PKI industry is the ongoing shift toward cloud-based PKI solutions. With businesses seeking scalable, cost-effective, and flexible security solutions, cloud PKI is becoming a preferred option. This shift is particularly relevant in the context of digital transformation, where organizations are looking for solutions that align with their cloud-centric infrastructure. While cloud-based PKI is gaining traction, on-premises PKI hardware remains essential for industries that require stringent security measures, particularly those handling highly sensitive or classified data.

Request a Sample of this Report: https://www.futuremarketinsights.com/report-sample#5245502d47422d3135313031

Technological advancements in blockchain and the Internet of Things (IoT) are also driving the PKI industry. As these technologies continue to grow, the demand for robust PKI solutions to secure their digital transactions and communications is increasing. Hardware security modules (HSMs), which ensure secure key generation and storage, are seeing higher demand as they form a crucial component of PKI systems. Additionally, the rise of managed and professional PKI services is enabling organizations to efficiently implement, maintain, and audit their security infrastructures, further fueling industry growth.

What Factors are Propelling Public Key Infrastructure (PKI) Demand?

As digitalization develops across several industries, the need for a digital authentication strategy to safeguard organisational infrastructure grows. As a result, the public key infrastructure industry is expected to grow. The growing need to reduce authentication costs across a wide range of industries, including banking, healthcare, and e-commerce, is driving the usage of PKI solutions and, consequently, the expansion of the public key infrastructure market.

Companies rely on PKI to restrict data access and authenticate the identities of people, systems, and devices on a broad scale as they rely more on digital information and face more sophisticated assaults.

As businesses try to keep the lights on and the bottom line in control, security solutions will become more efficient. Security officers will be asked to do more with less resources. In 2022, greater focus will be placed on technology that enables enterprises to accomplish more with less, and automation will play a big part in security innovation. According to a recent study by DigiCert, around 91% of organizations are contemplating automating PKI certificate administration. AI and machine learning (ML) technologies will remain crucial in accelerating automation.

Key Takeaways from Industry Study:

The global PKI industry was valued at USD 5,200.0 million in 2023 and is estimated to reach USD 6,011.2 million in 2024.

The industry is expected to grow at a CAGR of 15.6%, reaching USD 25,617.7 million by 2034.

Cybersecurity threats and compliance requirements are driving the adoption of PKI solutions across multiple industries.

Cloud-based PKI solutions are gaining traction due to their scalability, flexibility, and cost-effectiveness.

On-premises PKI remains critical for sectors requiring the highest levels of security.

Blockchain and IoT advancements are increasing the demand for secure PKI solutions.

Managed and professional PKI services are in high demand as organizations seek effective implementation and auditing solutions.

North America remains a dominant region in PKI adoption, with increasing focus on securing critical infrastructure in sectors like government and financial services.

South Asia & Pacific are experiencing rapid growth in PKI adoption due to the digital transformation and heightened cybersecurity awareness.

Region-wise Analysis

Which Region is projected to Offer the Largest Opportunity for Public Key Infrastructure (PKI) Market?

North America is the most lucrative region with a double-digit projected growth. The increasing use of various cutting-edge technologies and solutions in developed nations such as the United States and Canada presents appealing opportunities for key players in the PKI market. Furthermore, the presence of multiple technological behemoths will drive up demand for public key infrastructure solutions and services.

Several companies are increasingly spending and collaborating to strengthen and secure their servers, boosting regional demand for PKI. For example, Entrust PKI services will be incorporated into Device Authority's KeyScaler IoT IAM platform, extending the current relationship for Hardware Security Module services to allow device trust, data trust, and IoT-scale automation. By connecting to Federal Information Processing (FIP) Compliant Entrust PKI and HSM services, one may execute PKI security operations such as device PKI authentication, onboarding, certificate creation, machine identity lifecycle management, and cryptographic activities. It will also use KeyScaler's pre-built service connectors and flexible connection architecture to integrate security operations into any cloud application or platform.

Furthermore, the rising internet penetration and high reliance of organizations on the internet, as well as associated solutions and services, will drive up demand for PKI in this area.

Industry's Prime Determinants of Trends, and Opportunities:

Several factors are driving the growth and shaping the trends within the PKI industry. These include:

Cybersecurity Threats: The growing sophistication of cyber threats is a key driver for PKI adoption. As organizations face increasing risks from data breaches and cyber-attacks, PKI systems provide robust encryption and authentication methods to secure communications and sensitive data.

Compliance Regulations: Stricter data protection regulations, such as the GDPR and CCPA, are pushing organizations to adopt PKI solutions to ensure compliance. These regulations often require businesses to encrypt sensitive customer information and verify identities, functions that are effectively addressed by PKI systems.

Cloud and IoT Integration: The rise of cloud computing and IoT technologies is creating a demand for scalable and secure PKI solutions. Cloud PKI solutions offer flexibility and cost-effectiveness, while IoT devices require robust security to prevent data breaches and unauthorized access.

Blockchain and Digital Transformation: As blockchain technology and digital transformation continue to evolve, the need for secure PKI solutions will remain strong. Blockchain's decentralized nature relies on PKI for digital signatures and secure transactions, further driving industry growth.

Key Companies & Industry Share Insights:

The Public Key Infrastructure industry is highly competitive, with several key players dominating the industry. These companies offer a wide range of PKI solutions, including hardware, software, and managed services, catering to diverse industries worldwide. Some of the major players in the industry include:

DigiCert, Inc.

Entrust

GlobalSign

Thales Group

Gemalto (now part of Thales)

Microsoft Corporation

Comodo Group, Inc.

These companies have significant industry shares due to their comprehensive offerings, strong brand recognition, and established customer bases. Their continued investment in research and development (R&D) ensures that they remain at the forefront of technological advancements in PKI solutions, particularly in areas like cloud PKI and hardware security modules.

Growth Drivers:

The PKI industry is primarily driven by the increasing need for data security across all sectors. The rise of digital payments, e-commerce, and remote work has amplified the demand for secure communications, creating substantial growth opportunities for PKI providers. Additionally, regulatory pressures and compliance requirements continue to drive the adoption of PKI solutions in sectors like banking, government, healthcare, and retail.

Technological advancements in IoT, blockchain, and cloud computing are also fueling the demand for PKI solutions. These innovations require secure encryption methods to protect data and ensure the integrity of digital transactions. As organizations continue to embrace these technologies, the need for PKI systems will only increase.

Regional Analysis of Public Key Infrastructure (PKI) Industry:

North America leads the global PKI industry, driven by the region's strong regulatory frameworks and the rapid pace of digital transformation in sectors such as government, finance, and healthcare. The increasing focus on securing critical infrastructure in these sectors is propelling the demand for PKI solutions.

Europe also shows significant growth due to stringent data protection laws, including the GDPR, which require organizations to implement encryption and secure communication protocols. As the region's digital landscape evolves, PKI adoption is expected to grow further.

Asia-Pacific is witnessing rapid growth, particularly in South Asia and the Pacific region, as digital economies expand, and cyber threats become more prevalent. Increased investments in secure digital infrastructure are driving the demand for PKI solutions, making this region a key growth area in the coming years.

Latin America and the Middle East & Africa are experiencing moderate growth, with increasing awareness of cybersecurity risks and a focus on regulatory compliance contributing to PKI adoption. However, these regions face challenges in terms of infrastructure and investment in cybersecurity, limiting the pace of industry expansion.

Public Key Infrastructure (PKI) Industry Segmentation

By Component:

In terms of component, the segment is divided into Public Key Infrastructure Hardware Security Modules (HSM), Public Key Infrastructure Solutions and Public Key Infrastructure Services.

By deployment:

In terms of deployment, the segment is segregated into cloud based and on premise.

By Enterprise size:

In terms of enterprise size, the segment is segregated into Small & Mid-Sized Enterprise and Large Enterprise.

By Vertical:

In terms of industry, the segment is segregated into BFSI, Government and Defense, IT and Telecom, Retail, Healthcare, Manufacturing and Other.

By Region:

A regional analysis has been carried out in key countries of North America, Latin America, East Asia, South Asia & Pacific, Western Europe, Eastern Europe and Middle East & Africa.

[industrynewsupdates]

Fintech As A Service Market Size, Share And Trends Analysis Report

The global fintech as a service market size is expected to reach USD 949.49 billion by 2030, growing at a CAGR of 17.5% from 2023 to 2030, according to a new report by Grand View Research, Inc. The increasing adoption of financial technology-based solutions and platforms globally is anticipated to drive the growth of the market. The increasing adoption of cloud-based software, artificial intelligence, and big data integrated with financial services is expected to drive the growth of the market for Fintech-as-a-Service.

In May 2023, Finastra, a global provider of financial software applications and platforms, joined forces with BKN301 Group, a fintech company committed to removing financial obstacles. This collaboration aims to address financial barriers in rapidly expanding markets. The goal is to introduce inventive solutions that foster economic development, facilitating mutual opportunities between these markets and those in the Western regions.

The investments made in financial technology companies are estimated to generate opportunities for market growth over the forecast period. For instance, in July 2021, an API developer, Railsbank Technology Ltd, raised USD 70 million in a fundraising event headed by Anthos Capital, a U.S.-based investment company. The allocated funds will be utilized to advance the company's Fintech-as-a-service platform and offer customers a range of solutions for product development.

The outbreak of the COVID-19 pandemic is expected to play a crucial role in driving the growth of the Fintech-as-a-Service platform market over the forecast period. The increasing demand for digital financial services increased drastically during the pandemic. Banks and financial institutions were looking at innovative ways to provide their services online during the pandemic which bolstered the growth of the market.

Gather more insights about the market drivers, restrains and growth of the Fintech As A Service Market

Fintech As A Service Market Report Highlights

• The fund transfer segment is expected to witness the fastest growth over the forecast period. The fund transfer applications and software being introduced such as Meta Pay by some of the major companies worldwide are expected to drive the growth of the segment

• The artificial intelligence segment is anticipated to witness significant growth over the projected period. Artificial intelligence is experiencing rapid growth due to its ability to automate and optimize financial processes, enhance customer experiences, and provide data-driven insights for better decision-making.

• The KYC verification segment is expected to witness the fastest growth over the forecast period The rising fraudulent activities such as ransomware, and identity theft among others across the globe is one of the major factors that propelled the market growth in 2021.

• The insurance segment is expected to witness the fastest growth over the forecast period. Keeping consumers' changing preferences in mind, insurers are offering flexible-term products and are customizing their offerings according to customer needs. With this changing trend, insurers are adopting Fintech-as-a-Service platforms which is driving the market’s growth

• The Asia Pacific regional market is expected to witness the fastest growth over the forecast period. The growing demand for technology-based payment platforms across the region is expected to play a decisive role in driving the growth of the regional market

Fintech As A Service Market Segmentation

Grand View Research has segmented the global fintech as a service market based on type, technology, application, end-use, and region:

Fintech As A Service Type Outlook (Revenue, USD Billion, 2017 - 2030)

• Payment

• Fund Transfer

• Loan

• Others

Fintech As A Service Technology Outlook (Revenue, USD Billion, 2017 - 2030)

• API

• Artificial Intelligence

• RPA

• Blockchain

• Others

Fintech As A Service Application Outlook (Revenue, USD Billion, 2017 - 2030)

• KYC Verification

• Fraud Monitoring

• Compliance & Regulatory Support

• Others

Fintech As A Service End-use Outlook (Revenue, USD Billion, 2017 - 2030)

• Banks

• Financial Lending Companies

• Insurance

• Others

Fintech As A Service Regional Outlook (Revenue, USD Billion, 2017 - 2030)

• North America

o U.S.

o Canada

• Europe

o Germany

o UK

o France

• Asia Pacific

o China

o India

o Japan

o South Korea

o Australia

• Latin America

o Brazil

o Mexico

• Middle East & Africa (MEA)

o Kingdom of Saudi Arabia (KSA)

o UAE

o South Africa

Order a free sample PDF of the Fintech As A Service Market Intelligence Study, published by Grand View Research.

[digizenzee]

Why Indian Web Outsourcing Companies Are Reshaping the Digital Landscape

Imagine you’re a business owner aiming to scale your operations but struggling with the costs and expertise needed to keep your web development competitive. What’s your next move? For many businesses worldwide, the answer is increasingly clear—web outsourcing, and more specifically, outsourcing to India.

Web outsourcing has become a game-changing solution in today’s globalized economy. It enables companies to delegate their website development and design needs to external experts, often halfway across the globe. Among the sea of outsourcing destinations, India has managed to carve out a distinct identity, emerging as a global leader in the field. But what makes Indian outsourcing companies the go-to solution for businesses worldwide? And how do they plan to maintain their edge as competition grows? Let's take a look.

1. The Rising Prominence of Indian Web Outsourcing Companies

The web outsourcing company india are no longer just participants in the global outsourcing market—they are trendsetters. Over the last two decades, Indian firms have dominated the industry, with thousands of businesses from Europe, North America, and beyond relying heavily on them for everything from web design to software development.

The numbers speak for themselves. By 2023, India’s IT and outsourcing market was valued at nearly $194 billion—an impressive growth spurt driven largely by their ability to innovate and deliver quality work at scale. But there's more to this dominance than cold numbers.

India’s specialization in web outsourcing is underpinned by its unique blend of affordability, expertise, and adaptability. These factors make Indian companies an irresistible partner for startups and enterprises alike. Whether it’s a small web-based app for a local business or a robust e-commerce platform for a multinational corporation, Indian teams consistently deliver.

2. Why Businesses Choose India for Web Outsourcing

If you’ve been on the fence about outsourcing your web projects to India, here’s why it could be the right move for you:

Cost-Effective Solutions

The digitechnique cost of living is considerably lower compared to Western countries, and this translates into more affordable services. Hiring a team in India can help a company save up to 60%-70% in operational costs. That means startups with limited budgets can still gain access to world-class expertise without breaking the bank.

Skilled Workforce

India boasts a vast pool of highly-qualified IT professionals. With nearly 1.5 million engineers graduating every year, the talent pipeline in India is both abundant and cutting-edge. Many of these professionals are also fluent in English, reducing communication barriers and ensuring seamless collaboration with teams across the globe.

Quality and Innovation

Contrary to outdated stereotypes, Indian outsourcing companies don’t just offer “cheap” services. They deliver exceptional quality and possess a knack for innovation. Take, for example, firms like TCS, Infosys, and Wipro, which consistently rank among the most trusted IT providers globally. Even smaller boutique firms excel, specializing in niche areas and advancing technologies like AI, blockchain, and responsive web design.

3. The Future of Web Outsourcing in India

The future of India’s web outsourcing industry looks promising. The combination of government-backed initiatives, such as "Digital India," and a workforce well-versed in the latest technologies ensures that India will remain a competitive powerhouse.

That said, success isn’t guaranteed. Indian companies must remain agile and proactive. They need to continue investing in their workforce through upskilling programs, double down on quality and innovation, and harness AI-driven tools to stay relevant in an increasingly automated world.

[techahead-software-blog]

The Role of Outcome-Driven Metrics in Enhancing Cloud Security Control Strategies

Cloud services adoption surges globally. Many businesses must evolve their security strategies to address emerging challenges.

The global cloud security market was valued at $28.35 billion in 2022 and is expected to grow at a rate of 13.1% annually from 2023 to 2030. Businesses today face an increasing variety of cyber risks, including advanced malware and ransomware attacks. As companies shift to digital operations and store large amounts of sensitive data in the cloud, they have become key targets for cybercriminals looking to steal or exploit information.

Gartner forecasts that the combined markets for IaaS, PaaS, and SaaS will grow by over 17% annually through 2027. This remarkable expansion underscores the urgency for businesses to transition from traditional security methods to more advanced, cloud-native solutions. Conventional approaches often fall short in safeguarding dynamic cloud environments, emphasizing the need for innovative strategies.

To secure cloud-native and SaaS solutions effectively, organizations must focus on platform configuration and identity risk management. These elements form the cornerstone of modern cloud security. Addressing these areas requires a shift in both security approaches and spending models, ensuring alignment with evolving threats. Furthermore, security metrics must move beyond technical performance to demonstrate their relevance to business outcomes.

The cloud, far from being just a storage solution, represents a sophisticated web of interconnected services. This complexity calls for a refined approach to measuring the impact of security investments. Security and risk leaders should adopt outcome-driven metrics (ODMs) to assess the efficiency of their cloud security measures. ODMs empower leaders to align their efforts with organizational goals, offering actionable insights into their security posture.

By customizing ODMs, businesses can better manage risks, enhance cloud security strategies, and achieve results that support overall objectives. In this blog, we will delve into key ODMs that guide future investments in cloud security, ensuring robust protection and meaningful outcomes.

Key Features and Benefits of Outcome-Driven Metrics

Emphasis on Tangible Results

Outcome-driven metrics prioritize measurable outcomes like fewer incidents, reduced risks, and enhanced operational resilience.

For instance, ODMs don’t just count firewalls but assess how they minimize successful cyber attacks. They evaluate key performance indicators, such as shorter threat detection times, faster response rates, and lower incident severity.

This approach tracks outcomes like fewer data breaches, quicker recovery times, and lower overall security costs due to efficient controls. ODMs ensure that security efforts produce valuable, actionable results that enhance the organization’s resilience and performance.

Alignment with Business Objectives

ODMs integrate security goals with broader organizational priorities to ensure strategic alignment and meaningful impact.

This connection ensures security efforts support business growth, compliance, and customer trust. For example, safeguarding customer data not only prevents breaches but also strengthens brand reputation and meets regulatory requirements.

By translating technical outcomes into business-centric insights, ODMs bridge the gap between security teams and decision-makers. This alignment also helps justify security investments to executives by highlighting their contributions to achieving business goals.

Maximizing Cost-Value Efficiency

ODMs evaluate the cost-value balance of security measures to ensure optimal resource allocation and impactful investments.

Businesses can prioritize initiatives that offer the highest return on investment in risk reduction and operational benefits. For example, high-impact controls receive more funding, while less effective measures are reassessed.

This approach optimizes security budgets, ensuring every dollar spent maximizes protection and minimizes vulnerabilities. It enables organizations to strengthen their overall security posture with precision and efficiency.

Tailored Cloud Security Metrics

Cloud environments require dynamic, outcome-driven metrics to allocate resources effectively and address unique security needs.

Unlike fixed budgets, ODMs guide spending based on specific risks and requirements for various cloud services. For instance, mission-critical applications might need advanced encryption and robust identity management compared to less sensitive workloads.

Cloud-specific ODMs measure how controls like encryption, access management, and monitoring contribute to achieving desired security outcomes. This ensures cloud assets and data remain well-protected while enabling efficient resource utilization.

How to Implement Outcome-Driven Metrics (ODM) in Your Business?

Implementing outcome-driven metrics requires a systematic approach to ensure security measures align with desired outcomes and organizational objectives. Below is a detailed guide to implementation:

Develop Initial Processes and Supporting Technologies

Begin by defining critical security processes and mapping them to the technologies supporting these functions.

For instance, technologies like XDR and EDR underpin endpoint protection, while vulnerability scanners support vulnerability management. Similarly, IAM systems and directory services play a vital role in authentication.

This structured framework ensures each security process has a robust technological backbone, providing the foundation for precise measurement and management. It also helps streamline efforts, enabling teams to focus on impactful areas.

Identity Business Outcomes and ALign ODMs

The next step involves linking security processes to specific business goals and identifying desired results for each process.

For example, in endpoint protection, outcomes may include high deployment coverage and effective threat detection. Metrics could track endpoints actively protected and threats mitigated.

Similarly, in vulnerability management, scan frequency and addressing high-severity risks are critical. Desired outcomes may include percentages of systems scanned and vulnerabilities resolved. This alignment ensures security measures directly support organizational priorities.

Recognize Risks and Dependencies

Understanding risks and dependencies is crucial to managing potential failures and minimizing operational disruptions.

Each process depends on specific technologies, and their failure could jeopardize security efforts. For example, endpoint protection relies on XDR and EDR solutions, while vulnerability management depends on scanners.

Assessing these dependencies enables better contingency planning, ensuring uninterrupted operations and consistent protection against evolving threats. This proactive step mitigates vulnerabilities arising from system failures.

Define ODM for Key Processes

Develop clear and actionable metrics that measure the effectiveness of each security process in achieving its intended outcomes.

For instance, endpoint protection metrics could include the percentage of endpoints actively safeguarded and the average threat detection time. Vulnerability management metrics ‌measure systems scanned, remediation timelines, and resolved high-severity vulnerabilities.

These metrics provide quantifiable insights, enabling organizations to assess progress and refine strategies for improved outcomes‌.

Evaluate Readiness and Mitigate Risks

Finally, assess the organization’s readiness to adopt outcome-driven metrics and identify risks that could impact implementation.

Ensure the necessary infrastructure, expertise, and resources are in place to monitor and act on ODM insights. Address challenges like data accuracy issues, resistance to change, or integration with existing processes through strategies like phased adoption and training.

This step ensures a smoother transition and maximizes the effectiveness of ODMs in aligning security investments with business objectives.

Implementing outcome-driven metrics transforms security management by focusing on measurable results that directly impact organizational goals. With advancements in technology, AI-driven insights enhance the value of ODMs by automating processes and improving decision-making accuracy.

Organizations leveraging these metrics effectively can achieve superior protection and align security efforts with strategic outcomes. Connect with our experts to explore how ODMs can empower your cybersecurity strategy.

Examples of Outcome-Driven Metrics

Outcome-driven metrics offer measurable insights that demonstrate the real-world impact of security initiatives. Below are some key examples:

Mean Time to Detect (MTTD)

MTTD highlights the average time taken to identify a security threat, focusing on faster detection to mitigate risks.

A reduced MTTD minimizes the damage caused by prolonged threats. For instance, organizations can compare current detection times with targeted benchmarks to monitor improvement.

Regular reporting on this metric may include actionable insights, such as areas needing improvement and how enhanced processes or tools can accelerate detection. Faster identification leads to reduced exposure and a more robust security posture.

Mean Time to Respond (MTTR)

MTTR tracks how quickly an organization contains and resolves incidents, aiming to limit the extent of a breach.

This metric emphasizes operational readiness by showcasing how swift responses can prevent critical disruptions or data losses. Reporting should cover the number of prevented breaches and how internal collaboration or automated solutions can further reduce response times.

Reducing MTTR strengthens resilience by demonstrating the organization’s ability to neutralize threats promptly and efficiently.

Phishing Click-Through Rate

This metric evaluates employee susceptibility to phishing attempts, focusing on awareness and preparedness against social engineering attacks.

A lower click-through rate reflects an informed workforce capable of identifying and avoiding malicious links or emails. Organizations can use simulations and trend reports to measure progress and identify vulnerable groups needing additional training.

Implementing regular phishing tests alongside educational programs enhances overall resistance, making the organization less prone to attacks exploiting human errors.

Security Return on Investment (ROI)

Security ROI quantifies the financial benefits of cybersecurity measures compared to the costs, offering a clear value assessment.

This metric helps illustrate how investments reduce downtime, decrease customer complaints, and lower insurance premiums. Organizations can highlight these savings alongside tangible improvements, such as fewer breaches or reduced recovery costs.

By presenting ROI data in monetary terms, security teams can effectively communicate their value to business leaders and justify future investments.

Outcome-driven metrics like these ensure that security efforts align with strategic goals while delivering measurable value. They empower organizations to focus on actionable outcomes, building trust and demonstrating the effectiveness of their cybersecurity programs.

Practical Examples of Outcome-Driven Metrics for Cloud Security

Cloud Governance ODM

An accurate estimate of activity monitored by cloud infrastructure is vital for robust security. Without detailed tracking of cloud assets, other metrics lose relevance as hidden risks may lurk outside the organization’s visibility and control. These challenges intensify when cloud adoption is primarily driven by business units rather than IT departments, as these units often direct accountability.

For effective cloud governance, visibility into all cloud accounts is crucial. Organizations often monitor only “known cloud accounts,” which may represent only part of their cloud presence. Identifying additional accounts requires compensating controls, such as rigorous approval workflows, expense monitoring, and advanced technical solutions like security service edges and network firewalls. These controls should aim for a holistic view of all active accounts to ensure metric accuracy.

Cloud Account Accountability: Clear ownership ensures accountability for managing account configurations and usage policies.

Cloud Account Usage and Risk: Regular assessments are essential to track account usage and mitigate evolving risks in dynamic cloud environments.

Cloud Operation ODM

Operational security metrics play a pivotal role in securing cloud environments, but their relevance varies based on infrastructure setups. These metrics provide insights into the effectiveness of security measures. However, accurate measurements often depend on the availability of advanced tools. Analyzing these metrics account-by-account or by priority level enhances clarity.

Real-Time Cloud Workload Protection: Critical workloads require real-time runtime monitoring for memory, processes, and other dynamic components.

Runtime Cloud Workload Protection: Non-critical workloads can utilize agentless scanning methods to achieve sufficient security without continuous visibility.

Cloud Identity ODM

Cloud identity management extends beyond user accounts, particularly in IaaS environments, where workloads require their own machine identities and privileges. Effective lifecycle management and governance for these identities are essential. In IaaS environments, identity functions as the primary control for application consumers. Overprivileged identities remain a major concern across cloud providers. Without the right tools, measuring identity can be challenging, necessitating specialized solutions.

Workload Access to Sensitive Data: Machine identities often outnumber user accounts, making privileged workloads a critical area for risk mitigation.

Active Multi-Factor Authentication (MFA) Users: MFA serves as a fundamental defense for securing user accounts accessing cloud tenants.

Conclusion

Understanding and tracking the cloud services used in an organization is key to effective cloud security and developing meaningful metrics. While some on-premises metrics can be adjusted for cloud use, the unique and fast-changing nature of cloud adoption calls for a fresh approach. Cloud-specific outcome-driven metrics (ODMs) focus on achieving specific security results, rather than simply basing investments on a portion of cloud spending.

Automation is vital for managing these controls in the dynamic cloud environment. Automating tasks like tracking, reporting, and configuration management helps ensure efficiency and accuracy. However, many organizations are cautious about automating fixes in live production environments to avoid disrupting operations. Building strong automation capabilities is often necessary to meet many of these cloud security goals effectively.

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[snehalblog]

Exploring Regional Trends in the Global Banking Encryption Software Market - UnivDatos

According to a new report by UnivDatos Market Insights, The Banking Encryption Software Market was valued at approximately USD 2.2 Billion in 2023 and is expected to grow at a substantial CAGR of around 13.3% during the forecast period (2024-2032). This is mainly due to the increasing number of banking transactions and Internet and mobile financial activities. Therefore, encryption offers consumer confidence which helps with the implementation of modern legislation on data protection, consequently making the banking business more effective. Also, progress such as AI in the encryption process along with post-quantum cryptographic innovation enhances the protection more. A shift in the market forms a more secure digital banking environment worldwide.

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Primary Trends and Developments in Banking Encryption Software

AI-Powered Encryption: AI is making an impact in encryption by offering the opportunity to analyze the possibilities of encrypting data and the ability to detect threats on its own, helping banks get more streamlined at finding and eliminating weak spots.

Cloud-Based Security: As banks move more services to the cloud, secure-multi cloud is becoming the communications model of choice with end-to-end encryption.

Post-Quantum Cryptography: The advent of quantum computing brings risks to traditional encryption paradigms Whether intentional or traditional, new risks for banks present themselves from this sort of future quantum computing.

Blockchain Integration: A way in which they are incorporating blockchain technology is for the ability to hold transactions with greater security, the storage of which is incorruptible and in tandem with traditional encryption practices.

Focus on Data Privacy: More stringent measures in encryption are being adopted to meet the strong privacy expectations of choice customers and to offset stringently emphatic privacy laws.

Segments that transform the industry

·         Based on the organization size, the market is segmented into large enterprises and small and medium enterprises. Small and medium enterprise is expected to grow with a significant CAGR during the forecast period (2024-2032. This sector propels encryption usage to counter increasing threats as well as compliance issues. The benefit of decreasing costs is that SMEs are forced to opt for affordable cloud encryption solutions that will suit their size. The growth of this segment is driven by digital enablement strategies and the rising concern for customers’ information in various industries.

On Jun 22, 2023, McAfee Corp., a global leader in online protection, announced McAfee Business Protection, a new comprehensive security solution for small business owners in collaboration with Dell Technologies. McAfee Business Protection helps Dell small business customers stay ahead of cyber threats and vulnerabilities with award-winning security, identity and dark web data monitoring, VPN, web protection for safe browsing and more.

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According to the report, the impact of Banking Encryption Software has been identified to be high for the Asia-Pacific area. Some of how this impact has been felt include:

Asia-Pacific is expected to grow with a significant CAGR during the forecast period (2024-2032) owing to the surge in incentives to banking encryption software but through encouraging digitization of banking, escalating cyber incidences, and compelling rules such as India’s IT Act and China’s Cybersecurity Law. Moreover, increased usage of mobile banking and a rapidly developing fintech industry increases the need for better encryption services in the region. According to the World Bank in 2021, In developing economies, about 40 percent of adults who paid utility bills (18 percent of adults) did so directly from an account. In China, about 80 percent of adults made a digital merchant payment, whereas in other developing economies 20 percent of adults did so.

[hariganesh858]

Identity Verification Market

Identity Verification Market Size, Share, Trends: Experian PLC Leads

Rising Adoption of Digital Services and Online Transactions

Market Overview:

The global Identity Verification Market size was valued at USD XX billion in 2023 and is projected to grow at a CAGR of 16.2% during the forecast period, reaching USD YY billion by 2031. North America accounted for the largest market share of YY% in 2023, followed by Europe and Asia-Pacific. Key factors driving the market growth include increasing fraudulent activities, stringent government regulations, and the growing adoption of digital services across various industries. Identity verification has become an essential component of many enterprises, particularly in the digital age, when online transactions and remote access to services are prevalent. The market is rapidly expanding due to the increased demand for secure and reliable identity verification solutions to avoid identity theft, financial crime, and unauthorized access to sensitive data.

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Market Trends:

The expanding digitisation of businesses including banking, healthcare, and e-commerce has increased the need for strong identity verification systems. As more businesses offer their services online, the importance of adequately authenticating user identities grows. According to a McKinsey & Company analysis, the COVID-19 pandemic has advanced the use of digital technologies by many years, bolstering the identity verification industry.

Market Segmentation:

The solutions category leads the identity verification sector, accounting for more than YY% of the global market by 2023. This topic covers a wide variety of identity verification methods, including biometric verification, document verification, and digital identity verification. The growing demand for secure and seamless user onboarding processes across a variety of businesses is propelling the industry ahead. IDEMIA, a global pioneer in identification technology, will introduce its new Identification Verification Suite in March 2022. This suite brings together powerful biometric and AI capabilities to give a comprehensive identity verification solution.

Market Key Players:

The identity verification industry is highly competitive, with established organisations and young startups fighting for market dominance. Key companies such as Experian PLC, IDEMIA, Jumio Corporation, LexisNexis Risk Solutions, Onfido, Acuant, Inc., Mitek Systems, Inc., Thales Group, Shufti Pro, and AU10TIX dominate the market.

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[riya2510]

Identity Verification Market Report 2024: Key Trends, Growth Drivers, and Future Opportunities

Identity Verification Market Report 2024: Key Trends, Growth Drivers, and Future Opportunities

Straits Research Unveils Comprehensive Report on the Identity Verification Market

Pune, India – December 13, 2024 – Straits Research, a leading market intelligence firm, has released an extensive report on the global Identity Verification Market, projecting significant growth and highlighting key trends, driving factors, and opportunities. According to the report, the global Identity Verification Market was valued at USD 11.4 billion in 2023 and is expected to reach USD 13.3 billion in 2024. The market is projected to grow to USD 44.6 billion by 2032, at a compound annual growth rate (CAGR) of 16.4% during the forecast period (2024–2032).

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Market Key Trends

The Identity Verification Market is undergoing rapid transformation, driven by several key trends:

Advancements in Technology: The integration of artificial intelligence (AI), machine learning (ML), and blockchain in identity verification solutions is enhancing accuracy, speed, and security.

Growing Cybersecurity Threats: Rising incidents of identity theft and fraud are propelling the demand for robust identity verification systems.

Regulatory Compliance: Stringent regulations and compliance requirements across various industries are mandating the adoption of identity verification solutions.

Digital Transformation: The global shift towards digitalization, especially in the financial and government sectors, is accelerating the need for identity verification solutions.

Driving Factors

Several factors are driving the growth of the Identity Verification Market:

Increasing Online Transactions: With the surge in online banking, e-commerce, and digital payments, the need for secure identity verification is paramount.

Rising Need for Fraud Prevention: Organizations are increasingly focusing on fraud prevention to protect sensitive information and maintain customer trust.

Government Initiatives: Governments worldwide are implementing digital identity programs to streamline citizen services and enhance security.

Opportunities

The Identity Verification Market presents numerous opportunities for growth and innovation:

Emerging Markets: Rapid economic growth and digital adoption in emerging markets offer significant opportunities for identity verification solution providers.

Technological Innovations: Continuous advancements in biometrics, AI, and blockchain are creating new avenues for product development and enhancement.

Partnerships and Collaborations: Strategic partnerships and collaborations between technology providers, financial institutions, and government agencies are driving market expansion.

Identity Verification Market Segmentation

The Identity Verification Market is segmented based on components, types, deployment modes, organization sizes, and verticals.

By Component

Solution: Comprehensive identity verification solutions integrating various technologies to ensure accurate and secure identity authentication.

Service: Professional services, including consulting, integration, and support, to assist organizations in deploying and managing identity verification systems.

By Type

Biometrics: Identity verification methods using biometric data such as fingerprints, facial recognition, and iris scans.

Non-biometrics: Traditional methods including document verification, knowledge-based authentication, and two-factor authentication.

By Deployment Mode

On-premises: Solutions deployed on the organization's local servers, offering control and customization.

Cloud: Cloud-based identity verification solutions providing scalability, flexibility, and remote access.

By Organization Size

SMEs: Small and Medium Enterprises leveraging identity verification solutions to enhance security and compliance.

Large Enterprises: Large organizations adopting advanced identity verification systems to manage large-scale operations and mitigate risks.

By Verticals

BFSI: Banks, financial institutions, and insurance companies utilizing identity verification to prevent fraud and comply with regulations.

Government and Defence: Government agencies and defense sectors implementing identity verification for secure access and citizen services.

Healthcare & Life Sciences: Hospitals and healthcare providers ensuring patient identity verification to maintain data security and compliance.

Retail and E-Commerce: E-commerce platforms and retailers adopting identity verification to secure transactions and enhance customer trust.

IT & ITES: IT and IT-enabled services companies using identity verification to protect sensitive information and prevent data breaches.

Energy and Utilities: Companies in the energy and utilities sector implementing identity verification for secure access to critical infrastructure.

Others: Additional sectors including education, travel, and gaming adopting identity verification to enhance security and user experience.For more details: https://straitsresearch.com/report/identity-verification-market/segmentation

List of Key Players in Identity Verification Market

Prominent players in the Identity Verification Market include:

Equifax, Inc.

Thales Group S.A.

Experian Plc

Acuant, Inc.

Mitek Systems, Inc.

TransUnion LLC.

GB Group PLC

IDEMIA

Intellicheck Inc.

Nuance Communications Inc.Detailed Table of Content of the Identity Verification Market Report: https://straitsresearch.com/report/identity-verification-market/toc

Conclusion

The Identity Verification Market is poised for substantial growth, driven by technological advancements, increasing cybersecurity threats, and regulatory compliance requirements. Straits Research's comprehensive report provides valuable insights and strategic recommendations to help businesses navigate this dynamic market landscape.

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About Straits Research

Straits Research is a top provider of business intelligence, specializing in research, analytics, and advisory services, with a focus on delivering in-depth insights through comprehensive reports.

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[skyjohn009]

Point of Sale Display Market Growth Driven by Innovation and Retail Expansion

Point of Sale Display Market Growth Driven by Innovation and Retail Expansion

Straits Research, a leading provider of market research and business intelligence, has published a comprehensive new report on the global Point of Sale Display Market. The report reveals that the global market was valued at USD 13.65 billion in 2023 and is expected to grow significantly, reaching USD 14.77 billion in 2024. By 2032, the market is projected to hit USD 27.79 billion, growing at a compound annual growth rate (CAGR) of 8.22% during the forecast period (2024–2032).

The Point of Sale (POS) Display market is primarily driven by the growing demand for retail and e-commerce solutions, the increasing need for personalized customer experiences, and innovations in interactive display technologies. These POS displays, used in retail, restaurants, and other service industries, have become key drivers in enhancing customer engagement and boosting in-store sales. As the market continues to evolve, these displays are expected to play an even more integral role in shaping consumer purchasing decisions.

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Market Definition and Insights

A Point of Sale Display refers to any visual merchandising tool or display system used at or near the checkout point in retail environments to promote products or services. POS displays include a variety of products such as countertop displays, free-standing displays, floor displays, and others, strategically placed to attract customer attention and encourage impulse purchases. These displays are designed not only to showcase products but also to enhance the shopping experience by engaging customers and influencing their buying behavior.

The market is highly competitive, with a growing emphasis on technology integration such as digital signage, interactive displays, and personalized POS solutions. As businesses seek more effective ways to enhance customer engagement and sales conversion, the demand for innovative and visually appealing POS displays has risen sharply. Moreover, advancements in materials, printing technologies, and the increasing adoption of smart displays are propelling the market’s growth.

Key Market Trends

Several key trends are currently shaping the Point of Sale Display Market:

Technological Integration: The advent of digital and interactive POS displays is transforming the market. Digital signage, touch-screen interfaces, and LED technologies allow for dynamic, real-time promotional messaging, offering retailers more control over their display content. These displays can be updated remotely and customized according to real-time data and customer preferences, enhancing the customer experience.

Sustainability: There is growing interest in sustainable materials and eco-friendly POS displays. Companies are opting for recyclable, biodegradable, and low-energy solutions, driven by increasing consumer demand for sustainable products. Manufacturers are focusing on creating displays that are both functional and environmentally responsible.

Increased Use of Augmented Reality (AR): AR-powered POS displays are gaining traction as they offer an immersive, interactive shopping experience. Customers can visualize products in real time and interact with the display to view different product configurations, providing a more personalized shopping experience.

Shift Toward Customization: Retailers are increasingly looking for customized POS displays that reflect their brand identity and target customer demographic. Personalized displays help create a unique and engaging shopping experience that drives brand loyalty and increases conversion rates.

Omnichannel Integration: As the retail sector embraces omnichannel strategies, integrating POS displays with e-commerce platforms and mobile apps is becoming more common. These displays are not just limited to in-store usage but are being designed to drive online and offline sales simultaneously, offering promotions, discounts, and product information through QR codes and other interactive features.

Key Opportunities

The Point of Sale Display Market offers numerous opportunities for businesses and investors:

Expansion of E-commerce: With the rapid growth of e-commerce and online shopping, POS displays are increasingly being used in online stores, pop-up events, and warehouses to replicate the in-store experience.

High Growth in Emerging Markets: Developing regions, particularly in Asia Pacific, Latin America, and the Middle East, are witnessing a surge in retail and hospitality industries. This creates an excellent opportunity for the deployment of POS displays in these regions, driving growth.

Increasing Demand from Hospitality and Foodservice: Restaurants, quick-service food chains, and food delivery services are increasingly adopting POS displays for digital menus, promotions, and customer interaction, further driving the market demand.

Market Segmentation

The Point of Sale Display Market is segmented based on product type and end-user industries.

By Product Type:

Countertop Displays: Compact displays designed for limited space, ideal for promoting smaller items or impulse purchases.

Free-standing Displays: Large, standalone displays often used for high-visibility marketing in retail locations.

Floor Displays: Larger, floor-based displays that attract customers from a distance, typically used for showcasing large or bulky items.

Others: Includes customized or specialized display solutions designed for unique retail environments.

By End-User:

Retailers: The largest segment, as POS displays are extensively used in brick-and-mortar retail environments.

Auto Dealers: Auto showrooms use POS displays to market cars and services to customers.

Banks: Banks utilize POS displays for marketing financial products and services.

Construction Companies: POS displays in construction equipment showrooms or trade shows promote machinery and materials.

Restaurants: Digital and static POS displays are used for promoting menus and specials in restaurants and cafes.

Community Events: POS displays are increasingly used in trade shows, fairs, and events for product demonstration and branding.

Others: Includes sectors like education, healthcare, and more.

Key Players in the Market

The Point of Sale Display Market is home to several key players, who are leading innovation and driving market growth. These companies include:

Lightspeed Retail

Duet

PAR Technology Corporation

Clover

Toast Inc.

Smurfit Kappa PLC

Vend

NCR Corporation

ShopKeep

Agilysys Inc.

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These companies are continually innovating, expanding their product offerings, and investing in technology to meet the growing demands of retailers and consumers alike.

About Straits Research

Straits Research is a leading global provider of market research and business intelligence services. We specialize in delivering in-depth insights across industries, including technology, healthcare, energy, and consumer goods. Our reports provide actionable data and guidance, empowering businesses to make informed decisions, optimize strategies, and achieve growth.

[rohitpalan]

Identity Verification Market to Surge at 13.2% CAGR, Projected to Hit USD 38.5 Billion by 2033

The global identity verification market is predicted to expand at a CAGR of 13.2% over the course of the forecast period, according to FMI. Market value for the sector is anticipated to increase from $11.1 billion in 2023 to $38.5 billion by the end of 2033.

Increased legislation and the requirement that businesses operate in accordance with industry standards assist the identity verification industry. It is anticipated that market participants will have profitable expansion prospects, particularly in the banking sector. Additionally, the growing enterprise mobility and Bring Your Own Device (BYOD) trends are probably going to speed up market growth even more.

Use of advanced identity verification systems, such as incredibly powerful mobile devices with sophisticated cameras, GPS capabilities, and microphones, has increased self-service identity verification to offer multi-factor authentication in many forms. Because of its distinguishing characteristics, the inclusion of biometrics in digital identification provides enhanced attribution to a person. As a result, because the means of acquisition are strictly regulated, it is less vulnerable to imitation.

To capitalise on this thriving market, key organisations are building mobile applications and Software Development Kits (SDKs). Document verification tests, such as nodding and blinking, allow driving licences and passports to be recognised and verified. Furthermore, leading players in the identity verification sector are constantly investing in R&D projects and releasing new technologies to combat security and cyber-attacks.

Key Highlights of the Identity Verification Industry: 

The United States is projected to be a significant identity verification market over the projected period as well. The market is estimated to attain US$ 12.4 billion by 2033, expanding at a CAGR of 13% over the coming years.

Within Asia Pacific, China is expected to be a dominant market. The China market is assessed to reach US$ 3.1 billion by 2033, registering a CAGR of 12.6%. Rising governmental efforts to avoid identity fraud and invigoration of e-KYC are pushing market expansion.

In the Europe region, Germany is projected to drive significant market growth.  Germany’s identity verification industry is projected to attain US$ 2.7 billion by 2033. The market is expected to exhibit a CAGR of 11.7% in the next 10 years. The demand for identity verification services is projected to surge due to the establishment of smart infrastructure, smart cities, and digital driver’s licenses in the region.

Based on organization size, large enterprises are projected to dominate the marketplace over the forecast period. The segment is expected to display a 12.6% CAGR in the forecast period, rising from the 9.8% CAGR observed in the historical period.

Latest Market Developments in the Market:

In November 2020, LexisNexis Risk Solutions introduced LexisNexis Fraud Intelligence. This tool assists businesses to mitigate the risk associated with account opening. This solution helps enterprises in reducing the new account fraud risk by clubbing identity events and consumer application activity to develop a robust and comprehensive score that delivers a broad picture of identity proof.

Financial Action Task Force (FATA) increased the scope of reporting entities in 2021, and motivated member countries to compel virtual asset dealers, legal professionals, and art dealers to perform anti-money laundering screening on their clients.

In November 2021, Experian Information Solutions, Inc. introduced Work Report, which is an automated verification solution that permits users to consent to reveal their payment details to another organization digitally. The solution links to an employer’s payroll information in a matter of seconds to check a consumer’s gross and net income, status, and job tenure.

Key Segments Covered in the Identity Verification Industry Analysis

By Component:

Solutions

Services

By Deployment Mode:

On-premises

Cloud

By Type:

Biometrics

Non-biometrics

By Organization Size:

SMEs

Large Enterprises

By Vertical:

BFSI

Government and Defense

Healthcare & Life Sciences

Retail and eCommerce

IT & ITeS

Energy and Utilities

Education

Travel

Gaming

Others

By Region:

North America

Latin America

Europe

Asia Pacific

The Middle East and Africa

[industrynewsupdates]

Hardware Security Modules Market Size, Share And Trends Analysis Report

The global hardware security modules market size was estimated at USD 1.56 billion in 2023 and is anticipated to grow at a CAGR of 16.3% from 2024 to 2030. The hardware security modules (HSM) market is driven by several key factors, reflecting the increasing emphasis on robust cybersecurity measures across industries. The growing incidences of data breaches and cyber-attacks have heightened the need for advanced security solutions, prompting organizations to adopt HSMs for their superior encryption and key management capabilities. Additionally, the proliferation of digital transactions and the rise of cryptocurrencies necessitate secure cryptographic operations, bolstering the market. The expansion of cloud services also contributes significantly, as cloud providers integrate HSMs to enhance security and ensure trustworthiness.

The growing incidences of data breaches and cyber-attacks drive the hardware security modules (HSM) market by underscoring the critical need for enhanced security measures to protect sensitive information. According to the Identity Theft Resource Center’s 2023 Data Breach Report, in 2023, there were 2,365 cyberattacks, resulting in 343,338,964 victims. The year 2023 also witnessed a 72% increase in data breaches compared to 2021, which previously held the record. As cyber threats become more sophisticated and pervasive, organizations increasingly prioritize implementing robust encryption and key management solutions to safeguard their data assets. HSMs, with their capability to provide a high level of security through tamper-resistant hardware, are becoming essential in mitigating the risks associated with unauthorized data access and breaches. The heightened awareness of the potential financial and reputational damage from cyber-attacks further compels businesses to invest in HSMs as a proactive defense strategy. Consequently, the escalating frequency and severity of cyber threats catalyze the adoption of HSMs, fostering market growth by driving demand for these advanced security solutions.

Gather more insights about the market drivers, restrains and growth of the Hardware Security Modules Market

Key Hardware Security Modules Company Insights

The HMS market companies are focusing on various strategic initiatives, including new product development, partnerships & collaborations, and agreements to gain a competitive advantage over their rivals. The following are some instances of such initiatives.

Recent Developments

• In October 2023, Microchip Technology introduced a new family of PIC32CZ CA 32-bit microcontrollers, featuring a 300 MHz Arm Cortex-M7 processor, integrated Hardware Security Module (HSM), and Flash memory options and a diverse array of connectivity for enhanced flexibility. This new family includes the PIC32CZ CA90, equipped with an HSM, and the PIC32CZ CA80, which does not include the integrated HSM. The HSM in the PIC32CZ CA90 offers a comprehensive security solution for consumer and industrial applications. Functioning as a secure subsystem, the HSM incorporates a separate MCU that operates the firmware and security features, such as key storage, hardware secure boot, a true random number generator, and cryptographic acceleration, among others.

• In June 2023, Thales Trusted Cyber Technologies (TCT) announced the release of version 7.13.0 of the Luna Network and PCIe HSMs. This release marks the first Luna HSM version to incorporate post-quantum cryptographic (PQC) algorithms and stateful hash-based signature algorithms. In accordance with directives from multiple U.S. Federal policies, agencies are instructed to begin testing PQC implementations. This HSM release consists of pre-standard implementations of NIST-selected PQC algorithms to support agency and technology partner testing of PQC.

Global Hardware Security Modules Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the hardware security modules market report based on type, deployment, application, end use, and region.

Hardware Security Modules Type Outlook (Revenue, USD Billion, 2018 - 2030)

• LAN Based

• PCIE Based

• USB Based

• Cloud-Based HSMs

Hardware Security Modules Deployment Outlook (Revenue, USD Billion, 2018 - 2030)

• Cloud

• On-premises

Hardware Security Modules Application Outlook (Revenue, USD Billion, 2018 - 2030)

• Payment Processing

• Authentication

• Public Key Infrastructure (PKI) Management

• Database Encryption

• IoT Security

• Others

Hardware Security Modules End Use Outlook (Revenue, USD Billion, 2018 - 2030)

• BFSI

• Government

• Healthcare and Life Sciences

• Retail and Consumer Products

• Technology and Communication

• Industrial and Manufacturing

• Automotive

• Others

Hardware Security Modules Regional Outlook (Revenue, USD Billion, 2018 - 2030)

• North America

o U.S.

o Canada

o Mexico

• Europe

o Germany

o UK

o France

• Asia Pacific

o China

o India

o Japan

o South Korea

o Australia

• Latin America

o Brazil

• Middle East & Africa

o U.A.E

o Saudi Arabia

o South Africa

Order a free sample PDF of the Hardware Security Modules Market Intelligence Study, published by Grand View Research.

[willyskristina]

Fraud Detection and Prevention Market

Fraud Detection and Prevention Market Size, Share, Trends: IBM Corporation Leads

Integration of advanced AI and machine learning for real-time fraud detection

Market Overview: 

The Fraud Detection and Prevention Market is projected to grow at a CAGR of 15.4% from 2024 to 2031, with the market value expected to rise from USD XX in 2024 to USD YY by 2031. North America currently dominates the market, accounting for approximately 40% of the global share. Key metrics include increasing cybersecurity threats, rapid digitalization across industries, and rising adoption of AI and machine learning technologies in fraud detection solutions.

The fraud detection and prevention industry is rapidly expanding as fraudulent actions become more sophisticated and many industries undergo a digital transformation. The COVID-19 pandemic has boosted industrial expansion, emphasising the need for robust fraud prevention solutions in the face of rising internet transactions and remote working arrangements.

DOWNLOAD FREE SAMPLE

Market Trends: 

The integration of modern Artificial Intelligence (AI) and Machine Learning (ML) technology is transforming the fraud detection and prevention industry. These technologies enable the real-time analysis of massive amounts of data, revealing specific patterns and anomalies that may suggest fraudulent conduct. AI-powered systems can respond to novel fraud schemes far faster than traditional rule-based systems, resulting in much higher detection rates and fewer false positives. For example, a large financial institution claimed a 60% decrease in false positives after installing an AI-based fraud detection system in 2023. The financial industry is increasingly relying on artificial intelligence and machine learning to detect credit card fraud, money laundering, and identity theft in real time. As AI and machine learning technologies advance, we may anticipate more advanced, self-learning fraud detection systems that can detect and prevent fraud before it occurs.

Market Segmentation: 

The solutions segment has emerged as the dominant force in the fraud detection and prevention market, driven by the increasing demand for comprehensive, integrated fraud management platforms. These solutions encompass a wide range of capabilities, including real-time transaction monitoring, predictive analytics, and identity verification, enabling organizations to detect and prevent fraud across multiple channels and touchpoints. The segment's growth is further fueled by technological advancements, with vendors continuously enhancing their offerings with AI, machine learning, and big data analytics capabilities.

Recent developments in the solutions segment include the introduction of cloud-native fraud detection platforms that offer greater scalability and flexibility. For example, a leading cybersecurity firm launched a cloud-based fraud detection solution in 2023 that leverages AI to analyze over 100 billion transactions daily, achieving a 95% fraud detection rate with less than 1% false positives.

Market Key Players:

IBM Corporation

NICE Actimize

SAS Institute Inc.

FICO

BAE Systems

LexisNexis Risk Solutions

Contact Us:

Name: Hari Krishna

Email us: hari.krishna@aurorawaveintellects.com

Website: https://aurorawaveintellects.com/

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Blockchain Supply Chain Market 2024 : Size, Growth Rate, Business Module, Product Scope, Regional Analysis And Expansions 2033

The blockchain supply chain global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.

Blockchain Supply Chain Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.

Market Size - The blockchain supply chain market size has grown exponentially in recent years. It will grow from $1.28 billion in 2023 to $2.04 billion in 2024 at a compound annual growth rate (CAGR) of 59.7%. The growth in the historic period can be attributed to rise in counterfeit products, rising adoption in the automotive industry, increasing use of blockchain for inventory management, rise of blockchain in logistics, and rising demand for resilient supply chains. The blockchain supply chain market size is expected to see exponential growth in the next few years. It will grow to $13.33 billion in 2028 at a compound annual growth rate (CAGR) of 59.9%. The growth in the forecast period can be attributed to focus on sustainable and ethical sourcing, focus on risk management, need to reduce operational costs, need for real-time monitoring of supply chain activities, and improve supplier relationship management. Major trends in the forecast period include shift towards decentralized supply chain models, anti-counterfeiting solutions, integration of AI with blockchain technology, use of digital twins, and innovations in blockchain security.

Order your report now for swift delivery @ https://www.thebusinessresearchcompany.com/report/blockchain-supply-chain-global-market-report

The Business Research Company's reports encompass a wide range of information, including:

1. Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth.

2. Drivers: Examination of the key factors propelling market growth.

3. Trends: Identification of emerging trends and patterns shaping the market landscape.

4. Key Segments: Breakdown of the market into its primary segments and their respective performance.

5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.

6. Macro Economic Factors: Assessment of broader economic elements impacting the market.

Market Drivers - The increasing number of cyber-attack instances is expected to propel the growth of the blockchain supply chain market going forward. Cyber-attacks involve intentionally compromising digital systems to steal, alter, or damage data. Cyber-attacks are attributed to vulnerabilities in digital systems, insufficient security measures, and human error, often exploited by malicious actors seeking unauthorized access or disruption. Blockchain technology provides a decentralized and immutable ledger to enhance supply chain security against cyber-attacks, which ensures that all transactions are securely recorded and resistant to tampering. For instance, according to the 2023 Data Breach Report published by the Identity Theft Resource Center, a US-based non-profit organization, in the first three quarters of 2023, newly discovered cyber vulnerabilities surged by 1,620 percent, reaching 86 compared to just 5 for the entire year of 2022. Therefore, the increasing instances of cyber-attacks drive the growth of the blockchain supply chain market.

Market Trends - Major companies operating in the blockchain supply chain market are developing innovative technologies, such as hyperledger, to enhance supply chain management transparency, security, and efficiency. Hyperledger is an open-source blockchain framework designed to support the development of enterprise-grade blockchain applications, providing a modular and customizable infrastructure for secure and transparent transactions. For instance, in October 2022, BASF SE, a Germany-based chemical company, launched Seed 2 Sew, a blockchain platform. The platform utilizes hyperledger technology, allowing all partners within the cotton value chain to digitally record and approve each step, thus closing the information gap that has historically existed between farmers and the textile industry. This effort enhances sustainability and reduces the carbon footprint associated with cotton garment production.

The blockchain supply chain market covered in this report is segmented –

1) By Component: Services, Platform 2) By Application: Payment And Settlement, Product Traceability, Counterfeit Detection, Smart Contracts, Risk And Compliance Management, Other Applications 3) By Industry Vertical: Retail And Consumer Goods, Healthcare And Life Sciences, Manufacturing, Logistics, Oil And Gas, Other Industry Verticals

Get an inside scoop of the blockchain supply chain market, Request now for Sample Report @ https://www.thebusinessresearchcompany.com/sample.aspx?id=19339&type=smp

Regional Insights - North America was the largest region in the blockchain supply chain market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the blockchain supply chain market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Key Companies - Major companies operating in the blockchain supply chain market are Walmart Inc., Amazon.com Inc., Microsoft Corporation, Alibaba Group Holding Limited, Huawei Technologies Co. Ltd., Siemens AG, Deloitte Touche Tohmatsu Limited, Accenture plc, International Business Machines Corporation, Oracle Corporation, Honeywell International Inc., SAP SE, Salesforce Inc., Tata Consultancy Services Limited, Hewlett Packard Enterprise Company, Infosys Limited, Nippon Express Co. Ltd., Wipro Limited, TIBCO Software Inc., VeChain, Chronicled Inc., Guardtime, Omnichain Inc., Auxesis Group, SyncFab Co., Provenance

Table of Contents 1. Executive Summary 2. Blockchain Supply Chain Market Report Structure 3. Blockchain Supply Chain Market Trends And Strategies 4. Blockchain Supply Chain Market – Macro Economic Scenario 5. Blockchain Supply Chain Market Size And Growth ….. 27. Blockchain Supply Chain Market Competitor Landscape And Company Profiles 28. Key Mergers And Acquisitions 29. Future Outlook and Potential Analysis 30. Appendix

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