Fintech PR
Global Commercial Drone Market Projected To Reach $54 Billion By 2030
FinancialNewsMedia.com News Commentary
PALM BEACH, Fla., Aug. 29, 2023 /PRNewswire/ — A drone is a flying device, including a camera and sensor. It is also known as Unmanned Aerial Vehicle (UAV). Different industries are investing in commercial drone technology and paying close attention to expanding their awareness of commercial applications, which is expected to boost the business outlook. Numerous firms are investing in new start-ups through well-funded strategic techniques to address the need for commercial drone portfolios such as advertising & marketing, surveying, air taxis, logistics, surveillance, monitoring, and mapping. The market growth is attributed to the growing demand for commercial drones for cargo and logistic operations. The global COVID-19 pandemic has enabled the market to witness a higher-than anticipated demand across all regions compared to pre-pandemic levels. A recent report from Fortune Business Insights predicted that the global commercial drone market which was valued at USD 8.77 billion in 2022 is projected to grow from USD 10.98 billion in 2023 to USD 54.81 billion by 2030, exhibiting a CAGR of 25.82% during the forecast period. The report said: “The market experienced a surge in demand as soon as the lockdown was imposed following the spread of COVID-19. The pandemic prompted government agencies to make strenuous efforts to improve hospital infrastructure, basic medical facilities, and health facilities worldwide, simultaneously limiting transportation and movement to avoid spreading the virus further. Recently, numerous industries worldwide have started using drones to perform important operations successfully. Major companies are designing and developing lightweight commercial drones for various commercial applications such as medical emergency transportation, inspection & maintenance, filming & photography, mapping & surveying, surveillance & monitoring, and precision agriculture.” Active companies in the markets this week include: Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO), Amazon.com, Inc. (NASDAQ: AMZN), Alphabet Inc. (NASDAQ: GOOG), Walmart Inc. (NYSE: WMT), Joby Aviation, Inc. (NYSE: JOBY).
Fortune Business Insights continued: “Growing adoption of small UAVs for different commercial applications such as filmmaking, relief & rescue operation, precision, agriculture, law & enforcement, wildlife monitoring, disaster management, research & development, aerial photography, entertainment, logistics & transportation, and construction is expected to fuel the market growth. North America held the dominant commercial drone market share in 2022 and stood at USD 3.24 billion in 2021 and is expected to dominate the global market during the forecast period (2030). The rise in the adoption of commercial drones and the presence of key drone manufacturers in the U.S. are anticipated to fuel market growth in the region. Additionally, according to the Federal Aviation Administration FAA, 872,694 drones were registered in the U.S. in May 2021, while the numbers are expected to grow during 2022-2030, owing to rising demand.”
Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO) BREAKING NEWS: Draganfly Receiving First Pre-orders for Promo Drone’s Next-Generation UAV Communications Solution Starling X.2 – The Starling X.2 combines Draganfly’s weather-resistant Commander 3 XL airframe with Promo Drone’s video display innovation, showcasing an ultra-bright LED display panel that’s simple to assemble – Draganfly Inc. (FSE: 3U8) (“Draganfly” or the “Company”), an award-winning, industry-leading drone solutions, and systems developer, is pleased to announce the preorder availability of the Starling X.2, the cutting-edge rapid-response messaging and aerial advertising drone developed in collaboration between Promo Drone and Draganfly.
The Starling X.2 incorporates Draganfly’s versatile, weather-resistant, and easy-to-assemble Commander 3 XL airframe with Promo Drone’s video display technology featuring ultra-bright LED display panel to communicate and promote important information in various sectors, including public safety, emergency response, outdoor events, advertising, marketing, and fan-centric experiences.
The Starling X.2 was designed to improve the capabilities of first responders in critical situations. By providing a highly visible aerial messaging platform, the drone enhances situational awareness during natural disasters, rallies, search and rescue operations, and other essential notifications. This contributes significantly to public preparedness and responsiveness.
“The Starling X.2, whether applied to enhance advertising, amplify participation in events, or assist emergency and first responder communications, redefines how drone technology can be used for communication purposes,” says Cameron Chell, President and CEO of Draganfly. “This drone is also an example of how an innovative partnership can drive technology to enhance communication and public awareness.” CONTINUED… Read this full press release and more news for Draganfly at: https://www.financialnewsmedia.com/news-dpro/
Other recent developments in the markets of note include:
Amazon.com, Inc. (NASDAQ: AMZN) recently announced the next generation of its all-time best-selling line of cameras—Blink Outdoor 4. Powered by Blink’s proprietary silicon, Blink Outdoor 4 enables high image quality, enhanced low light sensitivity, and a wider field-of-view significantly improved over the previous generation—all while maintaining up to two years of battery life. Blink’s on-device computer vision also adds support for person detection (Blink subscription required), giving customers the ability to customize the motion notifications to only when a person is present. Blink Outdoor 4 starts at just $119.99—more information is available at www.amazon.com/blink.
“Customers continue to love the image quality, versatility and affordability of Blink cameras and doorbells—in fact, we saw a 41% increase in the number of Blink devices sold year-over-year, with 60% of customers last year being new to Blink entirely,” said Mike Harris, chief operating officer at Blink. “Blink Outdoor 4 is our most versatile camera yet. It gives customers more of what they love—fantastic image quality, even in low light, plus new advanced features like person detection powered by on-device computer vision—all without compromising on our battery life promise.”
Alphabet Inc. (NASDAQ: GOOG) Google Cloud recently announced that employee experience platform Culture Amp will use Google’s Vertex AI as the foundation of its generative AI solutions, following a successful pilot that could save HR professionals hundreds of hours normally spent analyzing employee feedback.
Culture Amp will use Vertex AI to train, model, and fine-tune its generative AI capabilities, underpinning efforts to combine highly accurate and actionable results from employee data with full transparency into how AI derives its conclusions.
“Our multi-year journey with AI and machine learning has shown us that you can’t take a short-term, opportunistic approach to this technology—you need a rigorous operating model and ethical principles to create value in a way that doesn’t endanger your customers or their employees’ wellbeing,” said Doug English, Co-Founder and Chief Technology Officer, Culture Amp. “Google Cloud’s technical capabilities and commitment to responsible AI gave us the confidence to make it the foundation for building trustworthy and transparent generative AI functions within our Employee Experience Platform that keep humans firmly at the center of employee experience.”
Wing, Google-parent company Alphabet’s drone-delivery subsidiary, recently announced a new partnership with Walmart Inc. (NYSE: WMT) in the Dallas-Fort Worth metro area. Over the coming month, the drone-delivery service will start operating from two Walmart Supercenters reaching approximately 60,000 homes. According to Walmart’s corresponding announcement post, using Wing’s app, “customers will be able to order items like frozen treats (when those ice cream cravings hit), household essentials, last-minute meal solutions like macaroni and cheese, and even fragile items like eggs.”
And delivery will be fast. Wing is aiming to complete deliveries in under 30 minutes. To achieve that, its drones can fly at speeds of up to 65 mph and have a six-mile range. Crucially, the FAA allows one pilot to oversee multiple drones—all of which can be beyond visual range. As Shannon Nash, Wing’s chief financial officer writes in the announcement, “Wing’s technology allows operators to oversee the system from a remote location, which means pilots won’t need to be stationed at stores or customer homes. The aircraft essentially fly themselves, so each operator is approved to safely oversee many drones at the same time.” According to Bloomberg, though, Wing still has to have a spotter on the ground who keeps an eye out for small aircraft that aren’t capable of broadcasting their location.
Joby Aviation, Inc. (NYSE: JOBY), a company developing electric vertical take-off and landing (eVTOL) aircraft for commercial passenger service, recently announced it has submitted all of its Certification Plans to the Federal Aviation Administration (“FAA”), marking further progress toward completing the third of five stages required to certify its aircraft for commercial use.
In the third stage of the FAA type certification process (“Certification Plans”), Joby specifies the tests, analyses, and design reports the Company intends to perform to demonstrate compliance with each safety regulation that applies to the Company’s aircraft, as defined in the second stage (“Means of Compliance”).
DISCLAIMER: FN Media Group LLC (FNM), which owns and operates FinancialNewsMedia.com and MarketNewsUpdates.com, is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with any company mentioned herein. FNM and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNM’s market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. FNM is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed FNM expects to be compensated forty six hundred dollars for news coverage of the current press releases issued by Draganfly Inc. by a non-affiliated third party. FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.
This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.
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View original content:https://www.prnewswire.co.uk/news-releases/global-commercial-drone-market-projected-to-reach-54-billion-by-2030-301911704.html
Fintech PR
President Emmerson Mnangagwa met this week with Zambia’s former Vice President and Special Envoy Enoch Kavindele to discuss SADC’s candidate for the AfDB
President Mnangagwa, who is SADC Chairperson, reaffirmed his own country’s and SADC’s enthusiastic support for Zambian candidate Sam Maimbo
LUSAKA, Zambia, Dec. 20, 2024 /PRNewswire/ — Special Envoy Kavindele released the following statement following the meeting:
“I am elated to witness the growing success and momentum of Sam Maimbo’s candidacy to become the next President of the African Development Bank. I am filled with gratitude to our friends across both SADC and COMESA for their continued support and good wishes.
Sam has garnered such wide consensus due to his being uniquely qualified to deliver the transformative change and empowerment our continent needs. Sam’s 30 years in development work is defined by driving outcomes, improving processes, and investing in people. The AfDB needs a hands-on leader who is laser focused on delivering results and who is unafraid of making tough decisions in order to best serve our continent. Sam is that leader. Sam has the track record and experience to drastically enhance the pace, scale, and impact of the Bank’s work in service of the people and governments of Africa.
Our region has a proud history of supporting fellow Southern Africans. For example, we all recall Lusaka’s role in hosting the African National Congress’ headquarters during the dark days of Apartheid oppression.
It therefore gives me no pleasure to observe my South African brothers, who have themselves leant on Zambia’s steadfast friendship over many decades, fail to rally behind both SADC and COMESA’s chosen candidate for the AfDB. Africa’s urgent economic development challenges demand transformational leadership at the AfDB, it is all of our responsibility to put forward the best candidate for the job. This is not the time or place for a government to act with narrow self-interest, we all must act in the continent’s and AfDB’s best interest.
I thank Sam Maimbo for his lifelong service to our entire continent, and I am eager to witness his enormous impact as President of the AfDB.”
LONDON, Dec. 20, 2024 /PRNewswire/ — Heimdal Security shares a practical holiday cybersecurity checklist, offering expert insights to help businesses safeguard against cyber threats this festive season.
With reduced staffing, remote work setups, and a surge in online shopping creating heightened vulnerabilities, this guide offers actionable tips to enhance business security.
Going beyond basic advice, the checklist also highlights the most common holiday scams and features videos showcasing real-life examples of Christmas-themed cyber scams and effective prevention strategies.
Key Tips to Protect Businesses This Holiday Season:
- Strengthen endpoints: Ensure devices are updated with antivirus and endpoint protection software; consider Endpoint Detection and Response (EDR) and application whitelisting.
- Prepare for phishing spikes: Train staff to identify suspicious emails, enforce robust email filters, and establish protocols for reporting unusual activity.
- Secure remote access: Mandate VPN usage, monitor unusual logins, and deactivate inactive accounts temporarily.
- Segment and shield networks: Isolate sensitive areas, deploy DNS security and advanced firewalls, and maintain full visibility over network traffic.
- Apply timely patches: Regularly update all systems and test patches in a controlled environment to minimize disruptions.
- Mitigate supply chain risks: Assess vendors thoroughly and limit their access to essential systems.
- Have a response plan ready: Tailor incident protocols for the holidays, create an on-call rotation for the IT team, and enable rapid action against suspicious activity.
“ Cybercriminals thrive on holiday distractions, but with proactive measures like phishing training, secure endpoints, and network segmentation, businesses can stay ahead of potential threats,” said Alex Panait, System Administrator at Heimdal Security.
Common Holiday Scams That Businesses Should Watch For:
Cybercriminals often tailor their tactics to exploit the festive season. The most common scams include:
- Spear phishing: Emails disguised as holiday bonuses or event invitations that steal credentials or spread malware.
- Malicious holiday E-Cards: Festive greetings that contain links deploying ransomware or spyware.
- Fake E-Commerce sites: Fraudulent websites offering discounts to steal payment information.
- Insider threats: Distracted or disgruntled employees mishandling or exploiting sensitive data.
- Corporate travel scams: Fake booking platforms targeting business travelers.
- Business email compromise (BEC): Fraudulent requests for urgent wire transfers during year-end financial rushes.
For more, read the full article here or watch the video on YouTube to see how these threats unfold and learn actionable prevention strategies.
About Heimdal:
Established in Copenhagen in 2014, Heimdal® empowers CISOs, security teams, and IT administrators to improve their security operations, reduce alert fatigue, and implement proactive measures through a unified command and control platform.
Heimdal’s award-winning cybersecurity solutions span the entire IT estate, addressing challenges from endpoint to network levels, including vulnerability management, privileged access, Zero Trust implementation, and ransomware prevention.
For further press information:
Madalina Popovici
Media Relations Manager
[email protected]
View original content:https://www.prnewswire.co.uk/news-releases/stay-cyber-safe-this-holiday-season-heimdals-checklist-for-business-security-302337465.html
Fintech PR
According to Tickmill survey, 3 in 10 Britons in economic difficulty: Purchasing power down 41% since 2004
The people who have the most problems are women (30%) and are between 35 and 49 years old (39%)
ROME, Dec. 20, 2024 /PRNewswire/ — The purchasing power in the UK has dropped by 41% over the last 20 years. Today, £100,000 left in a bank account since 2004 without being invested would now be worth £59,021.
This figure is one of the findings from a study conducted by Tickmill, an international online trading broker that compared the economic situation in the UK and the European Union through the infographic “Purchasing Power and Cost of Living: UK vs EU”.
The analysis reveals a slight decline of 0.4% in the UK’s purchasing power, which currently stands at £41,573. In contrast, the European Union has seen a modest rise of 0.1%, reaching £40,874.
Why is purchasing power declining in the UK? One key factor is the cost of living. If the UK were still part of the European Union, it would rank as the fifth most expensive country, behind Ireland, Luxembourg, Denmark, and the Netherlands.
Unsurprisingly, 3 in 10 Britons are struggling with the cost of living. Women (3 in 10, compared to 25% of men), those aged between 35 and 49 (4 in 10), households earning less than £15,000 (6 in 10), and single parents (1 in 2) are among the most affected groups.
Among UK nations, Northern Ireland is the hardest hit, with 34% of its population facing financial difficulties, followed by Wales (31%), England (28%), and Scotland (22%). In England, the North East has the highest percentage of people struggling, with 4 in 10 residents affected. Even in London, the high costs impact 1 in 4 adults.
In response to these challenges, Britons are making significant adjustments:
- 53% have cut back or delayed spending on smaller items like eating out, entertainment, subscriptions, clothing, toys, books, etc.;
- 52% have reduced household energy consumption;
- 48% have decreased their grocery spending;
- 41% have scaled back or postponed major expenditures, such as holidays, cars, and weddings;
- 26% are working longer hours, taking on overtime, or pursuing additional jobs to earn extra income.
The British also made changes on the financial side. One in four adults has been forced to dip into their savings or investments to cover daily expenses. Moreover, 44% have stopped saving or investing entirely or have reduced their savings and investments—a 4% increase compared to 2023.
The lack of investment is another critical factor contributing to the decline in purchasing power. It is estimated that 13 million UK residents hold £430 billion in cash deposits but do not invest. The reasons? Seventy-four percent say they cannot compare investment products effectively, and 43% are afraid of losing their money.
A lack of knowledge and fear are preventing many savers from taking advantage of an important opportunity: preserving or increasing their purchasing power in the long term.
Photo: https://mma.prnewswire.com/media/2586123/Tickmill.jpg
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