Pubblicato il

Zero-Trust Architecture Market Set for Robust Growth by 2030

Zero Trust Architecture Market

The zero-trust architecture market was valued at USD 17.0 billion in 2023 and is anticipated to grow at a CAGR of 18.5% from 2024 to 2030, reaching USD 55.0 billion by the end of the decade.

This market growth is attributed to factors such as the increasing frequency of cyberattacks, the rising adoption of Bring Your Own Device (BYOD) and Choose Your Own Device (CYOD) policies, expanding use of cloud services, growing digital awareness, the shift towards remote work, and compliance with stringent data protection regulations.

Zero-trust architecture (ZTA) is gaining widespread adoption as businesses across industries face an evolving cyber threat landscape. Traditional security models, which assumed all internal activity was safe, are proving inadequate. Ransomware, data breaches, and other attacks exploit these outdated approaches, with global organizations facing approximately 1,100 attacks weekly.

The COVID-19 pandemic accelerated the need for robust security measures due to the proliferation of remote workforces and mobile devices. Remote employees connecting from various locations and devices introduce new risks that traditional security protocols cannot mitigate effectively. As a result, enterprises are increasingly turning to zero-trust models to secure their distributed workforce.

Key Insights:

  • Retail and E-commerce: Expected to grow at a CAGR of 20% due to changing consumer behavior, technological advancements, and increased reliance on digital platforms.
  • Zero-Trust Necessity: Essential for protecting businesses as they adopt mobile commerce, cloud computing, IoT, and adhere to regulations like PCI DSS and GDPR.
  • Omnichannel Strategies: Vital for providing seamless customer experiences across digital and physical platforms.
  • AI and Analytics: Enable personalized customer engagement, fostering brand loyalty in a competitive market.
  • Cybersecurity Demands: Large-scale data collection requires robust security and compliance to maintain customer trust.
  • Large Enterprises: Estimated to generate USD 10 billion by 2030, driven by complex security needs and real-time authentication processes.
  • SMEs: Set to grow at a CAGR of 19%, leveraging zero-trust solutions to combat sophisticated cyber threats without incurring high costs.
  • North America: The largest market in 2023 with USD 8 billion in revenue, propelled by leading players like Palo Alto Networks, Zscaler, and Cisco, alongside advancements in cloud computing, IoT, and AI.
Pubblicato il

AI in Agriculture: Market Dynamics, Growth Projections, and Regional Performance Through 2030

AI in Agriculture Market

The AI in agriculture market, valued at USD 1,643.7 million in 2023, is expected to surge to USD 7,854.1 million by 2030, growing at a CAGR of 25.1%. The adoption of IoT and cloud computing is a key driver of AI demand in agriculture, enabling farmers to manage large amounts of data for better decision-making. IoT sensors are widely used for monitoring factors like crop yields, rainfall, pest levels, and soil nutrition, helping farmers optimize productivity.

The need for advanced agricultural technology is growing worldwide, driven by population increases and the need to improve crop yields. Robotics is also playing a bigger role in agriculture, allowing for more sophisticated and sustainable farming methods. Robotics companies are developing AI-equipped products for dynamic farm environments, helping stakeholders increase output while reducing carbon footprints.

Market Insights North America dominated the AI in agriculture market in 2023, capturing 45% of the market due to strong adoption of advanced technologies for productivity gains. The U.S. is projected to grow at a CAGR of over 25.5% this decade, while APAC is expected to grow the fastest, at 25.9%, due to increased adoption of precision farming, agronomic robots, and drone analytics.

The service sector is projected to grow at a CAGR of 25.3%, driven by demand for managed services that help farmers monitor sensor activities and manage crop health data. Machine learning (ML) led the industry in 2023 with nearly 50% market share, thanks to its widespread adoption in crop and field management. Precision farming held a 40% share in 2023, supported by demand for optimized yield and reduced production costs. Drone analytics is expected to grow the fastest, at over 25.7%, driven by increased investment in drone technology to support quality food production for a rising population.

The AI in agriculture market is highly competitive, with numerous international players vying for market share.

Pubblicato il

Media & Entertainment Sector Boosts Generative AI Growth

Generative AI Industry

The global generative AI market reached USD 15.6 billion in 2024 and is expected to surge to USD 81.1 billion by 2030, showcasing a robust compound annual growth rate (CAGR) of 31.6% during the forecast period. This rapid growth is fueled by the technology’s potential to revolutionize industries through automation and innovation.

Generative AI leverages algorithms capable of producing realistic content by analyzing training data like images, text, and audio. A well-known example is ChatGPT, which is trained on vast datasets to perform tasks such as text summarization, sentiment analysis, and question answering.

Generative Adversarial Networks (GANs) focus on generating new data that closely mimics real-world datasets. Rather than expanding basic AI systems, these advanced methods emphasize deep learning to produce data samples. These models are multi-modal, meaning they can manage several processes at once, significantly enhancing human-machine interaction through natural language processing (NLP).

A key factor driving the growth of the generative AI industry is the development of large language models (LLMs) due to their superior ability to generate, manipulate, and comprehend natural language.

In 2023, the software segment led the market with a revenue share of approximately 55%. Software forms the backbone of generative AI, providing essential algorithms, tools, and frameworks. The natural language processing (NLP) category is also a major player, projected to grow at a CAGR of 31.8% during the forecast period. Advances in NLP are transforming applications such as chatbots, content creation, and AI systems.

The media and entertainment sector is currently the largest end user, and this category is expected to grow at an impressive CAGR of 40% during the projection period. The rapid adoption of AI tools in this sector is driving significant improvements in content creation and distribution.

In 2023, North America held the largest market share, accounting for about 50%. The region’s advanced technological infrastructure, combined with its ability to nurture disruptive AI companies, has positioned it as a leader in the generative AI space. Additionally, rising concerns over banking fraud, increasing healthcare demands, and the growth of pseudo-creativity are further contributing to North America’s dominance in the market.

Pubblicato il

Electronic Warfare Market Poised for Rapid Growth Amid Global Defense Expansion

The global electronic warfare industry was valued at USD 12.5 billion in 2024 and is anticipated to reach USD 25.3 billion by the end of the decade, growing at a CAGR of 12.4% during the forecast period. This growth is primarily driven by the enhancement of defense capabilities by numerous nations worldwide to counter emerging threats.

The electromagnetic spectrum, combined with cyberspace, forms a unified electromagnetic environment known as the cyber-electromagnetic domain. This technological advancement is emerging as a crucial focus, as this domain is expected to play a pivotal role in future conflicts.

Diplomatic and strategic relations between countries can deteriorate at any moment, turning allies into adversaries. As a result, almost all nations are enhancing their military prowess by adopting electronic warfare systems. Border-sharing countries are particularly at risk, irrespective of their current diplomatic ties, prompting them to bolster their arsenals with advanced technologies.

Electronic Warfare Industry Insights

  • The airborne segment is projected to hold the largest market share, estimated at 40% in 2024, and is expected to grow at a CAGR of 12.8% from 2024 to 2030.
  • Airborne electronic attack capabilities are vital for achieving dominance in the electromagnetic spectrum, including the ability to disable, deny, and degrade enemy air defenses.
  • Electronic decoys used in combat aircraft and missiles are instrumental in misleading enemy air defense systems.
  • The electronic support segment is the largest, with a 45% share in 2024, and is expected to experience the highest growth, with a CAGR of 12.7% over the forecast period.
  • Information derived from electronic support is critical for decision-making in both offensive and defensive operations, enabling the detection of enemy communication networks and radars.
  • Data collected is utilized for electronic intelligence (ELINT), signals intelligence (SIGINT), and communications intelligence (COMINT).
  • Signal jammers dominate the market with a 20% share in 2024 and are forecasted to be the fastest-growing category, with a CAGR of 13.2% from 2024 to 2030.
  • Jammers disrupt, deceive, or block enemy radars and communication systems by emitting interfering signals, facilitating counter-operations without being detected.
  • North America held the largest market share, around 50% in 2024, largely due to the U.S.’s significant defense investments, with a budget of USD 877 billion in 2022.
  • The U.S. heavily invests in equipping its military branches with advanced weapons and electronic warfare systems.
  • Major defense and weapons companies maintain a strong presence in the region.
  • The Asia-Pacific region is the fastest-growing market, with a projected CAGR of 12.7% during 2024–2030.
  • Several countries in the region are expanding their military capabilities with electronic warfare systems, given the geopolitical landscape characterized by strained relations.

About P&S Intelligence

P&S Intelligence offers custom and syndicated market research and consulting services to clients across the globe. Our team of young and dynamic researchers, guided by mentors with years of experience, create data-rich reports tailored to the needs of MNCs as well as startups and SMEs. We remain in a perennial quest to offer exhaustive insights into every aspect of the market, allowing businesses of all sizes to seize even the smallest of opportunities and tackle even the biggest of challenges.

Contact:
Chandra Mohan
AVP – Business Development
Phone: +1-347-960-6455
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com
Follow Us: LinkedIn Twitter

Pubblicato il

Growth of the E-signature Industry in Europe

Europe E-Signature Industry

In 2023, the European e-signature market generated USD 1,471.2 million in revenue. It is projected to experience a substantial CAGR of 35.4% between 2024 and 2030, reaching USD 12,177.1 million by 2030. This can be credited to the increase in the occurrence of remote working models, supportive government regulations, the surge in the size of online documentation procedures, and the cost-efficacy of e-signatures.In 2023, the European e-signature market generated USD 1,471.2 million in revenue. It is projected to experience a substantial CAGR of 35.4% between 2024 and 2030, reaching USD 12,177.1 million by 2030. This can be credited to the increase in the occurrence of remote working models, supportive government regulations, the surge in the size of online documentation procedures, and the cost-efficacy of e-signatures.

SMEs are more and more accepting of e-signatures because they get rid of paperwork and thus late flows of documents, such as those in sales and HR teams. Moreover, the number of administrative tasks is reduced by around 30%, and you have to pay nothing for materials and shipping.

The utilization of these technologies also enables the creation of good trading opportunities with the rest of the world, because it significantly cuts the travel expenses and the HR expenses for authenticated papers.

Moreover, their permeation through SMEs in Europe has increased under the COVID-19 effect, along with them keeping the workflow from remote locations since. Therefore, Paris-based SME Yousign is targeting SMEs, however not above 50,000 small and medium-sized firms in the continent by the end of 2024.

An important factor that cannot be left out is that there is a massive digital transformation around the region at a very high rate. This means that the documentation processes in the organizations and institutions end up being digitized.

Key Insights

• During the projection period, the service category is projected to advance at the highest CAGR of 35.8%.

• This development is credited to the advantages such as significantly decreased processing time from days to hours.

• Electronic services also have lower prices and advanced work efficacy; for example, in Spain, physical transactions are priced at about USD 84, while electronic ones cost between USD 6 and USD 9.

• In 2023, the BFSI industry held the largest industry share of approximately 40%, with an estimated CAGR of 36%.

• The development is propelled by the demand for customer-centric applications and BFSI’s concentration on understanding digital preferences.

• Digital signatures in BFSI guarantee identity safety, robust security, and governing compliance management.

• They streamline complex procedures and speed up client onboarding.• During the projection period, the cloud category is projected to advance at a higher CAGR of 35.8%.

• Data security is a key worry confronted by cloud-based e-signature software.

• Storing the signature key on a remote server decreases the danger of data loss to cyber criminals.

• This surges the need for cloud-based e-signature software in the continent.• In 2023, the PKI category held the largest industry share of approximately 35%.

• PKI is preferred for its standard tech permitting trust provider selection without needing an online third-party verification server.

• Clickwrap electronic signatures are estimated to have the highest CAGR of 35.7% over the projection period.

• Clickwrap signatures offer centralized contract storage for back-end records, driving demand.

• In 2023, the U.K. held the largest industry share of 34.9% because of augmented e-signature usage for digital identification.

• GOV.UK Verify which belongs to G.O.V l confirms the person using government documents like passport or driving licenses, that is to say, except one safe and quick entry process.

• Germany, which is the second largest market in Europe, has been doing that since 2001. It is on the legal grounds of the e-signature law in Germany.

Pubblicato il

Secure Access Service Edge Industry Analysis, Leading Players and Forecast Report, 2030

Secure Access Service Edge Market

In 2023, the secure access service edge market amassed USD 2,171.5 million in revenue. It is projected to experience a compound annual growth rate (CAGR) of 26.1% from 2024 to 2030, potentially reaching USD 10,588.5 million by 2030. This growth of the market can be credited to the growing need for increasing cloud adoption, remote work, rising number of cyberattacks, and extensive digitalization.

SASE has risen as the prime target for the domain as it enables a business to configure network and security solutions in a cloud-based computing environment. Currently, the presence of COVID-19 has intensified the requirement for workers to be telecommuting, which has eventually led to a rising number of clients wanting such solutions as they permit access to company resources securely as well as their effective use from any location.

Employees can access corporate data and applications securely from essentially anywhere on their devices without any risk of the data loss due to security issues. This model is based on the concept of zero trust, so described because it focuses on who a user is, the compatible devices available and the context of the request, setting aside old security models that were heavily dependence-oriented.

The security as a service category is expected to have the higher growth rate, of 27%, from 2024 to 2030. This security management approach, based on subscription costs, is not only effective but it’s also economical as it grants subscription access to various specialized services. It is fantastic tailoring given the ever-growing need for safeguarding.

Data integrity and privacy continue to be so basic issues that companies should deal with. By virtue of SaaS vendors, safeguarding the networks from new threats becomes more perfect thanks to the competence, readiness and innovativeness of the SaaS providers.

In the recent years, the North American region dominated the market, and the region is also projected to dominate the market in future as well. SASE is a developing networking and security solutions that syndicates security functions and wide area networking (WAN) into a unified cloud-based service. The constant technical improvements and huge IT infrastructure expenses are mainly boosting the market in the U.S. and Canada.

Forecasts indicate the APAC region in the SASE market is growing at the highest CAGR of 30% from 2024 to 2030. This growth is driven by developing desires for security and cloud networks as well as their popularity for market interface.

The demand for support services is forecast to witness a substantive uptick during the study period which will have a direct impact on the growth imaginable of the market. Further, the APAC region has shown a marked increase in the number of mobile workforces, as many worker amongst them are habitual of the engagement from remote locations.