Fintech
Digital immune system Market to reach $57 billion, Globally, by 2032 at 13.3% CAGR: Allied Market Research
Allied Market Research published a report, titled, “Digital Immune System Market by Component (Solution and Services), Deployment Mode (On-premise and Cloud), Security Type (Network Security, Cloud Security, Endpoint Security, Internet of Things (IoT) Security, and Others), Industry Vertical (IT and Telecom, BFSI, Manufacturing, Education, Healthcare, Government, and Others), and Region (North America, Europe, Asia-Pacific, and LAMEA): Global Opportunity Analysis and Industry Forecast, 2022-2032″ According to the report, the global generated $16.8 billion in 2022, and is estimated to reach $ 57 billion by 2032, witnessing a CAGR of 13.3% from 2023 to 2032. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chains, regional landscapes, and competitive scenarios.
Drivers, Restraints, and Opportunities-
Rise in concerns about cyberattacks and loT and BYOD trends impact the growth of the digital immune system market. Moreover, the market growth is affected by lack of understanding among consumers regarding security. In addition, increase in use of mobile platforms and applications and rise in threat of phishing and malware among businesses influence the market growth. However, each of these factors is expected to have a definite impact on the growth of the global digital immune system market during the forecast period.
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Report coverage & details:
Report Coverage |
Details |
Forecast Period |
2023–2032 |
Base Year |
2022 |
Market Size in 2022 |
$16,825.49 Million |
Market Size in 2032 |
$57,021.83 Million |
CAGR |
13.3 % |
No. of Pages in Report |
315 |
Segments covered |
Component, Deployment Mode, Security Type, Industry Vertical, and Region. |
Drivers |
Rise in concerns about cyberattacks loT and BYOD trends |
Opportunities |
Rise in use of mobile platforms and applications Increase in threat of phishing and malware among businesses |
Restraints |
Lack of understanding among consumer |
Covid-19 scenario-
- The outbreak of COVID-19 pandemic had an enormous impact on the lives of people and the overall community as well as economy.
- The COVID-19 outbreak has had a significant impact on the development of the digital immune system market as the use of smartphones, linked devices, and e-commerce all present lucrative potential for security provider.
- Throughout 2020, COVID has caused crises in the social, economic, and energy sectors as well as in the medical community. On many facets of society, this crisis had several direct and indirect repercussions.
- To monitor and contain the virus, the digital and artificial intelligence industries can be a valuable professional resource as the recent advancements in artificial intelligence have significantly enhanced COVID-19 screening, diagnoses, and prediction.
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The solution segment to rule the market-
By component, the solution segment held the major share in 2022, garnering nearly one-third of the global digital immune system market revenue. The adoption of these solutions is further aided by the automated capabilities and improved visibility that digital immune technologies provide for identifying and thwarting threats. However, the services segment would also showcase the fastest CAGR of 15.3% during the forecast period, owing to more effectively detecting, investigating, and responding to cyberattacks. In addition, these services enhance the use of software programs, maximize the cost of an existing installation by optimizing it, and reduce deployment costs & risks, all of which contribute to the growth of the market.
The on-premise segment to maintain its dominance during the forecast period
By deployment mode, the on-premise segment contributed to the highest share in 2022, accounting around one-third of the global digital immune system market revenue. The on-premises segment refers to a component of a digital immune system that is installed and operates locally within an organization’s network infrastructure. It offers a number of benefits such as greater control and customization over the system, enhanced security and compliance, and the ability to identify potential threats or security breaches. However, the cloud segment would also showcase the fastest CAGR of 15.5% throughout the forecast period, owing to provide a range of security services such as firewall protection, threat intelligence, and malware detection. These services are offered by third-party providers who specialize in cybersecurity, and they can be easily integrated into an organization’s existing network infrastructure.
The network security segment to maintain its dominance during the forecast period
By security type, the network security segment contributed to the highest share in 2022, accounting around two-third of the global digital immune system market revenue. The network security segment is significant as it helps to prevent unauthorized access to an organization’s network. It works by analyzing incoming and outgoing network traffic and blocking any suspicious activity. However, the cloud security segment would also showcase the fastest CAGR of 16.7% throughout the forecast period, owing to scalability and flexibility, allowing organizations to rapidly deploy and scale their IT infrastructure as needed.
The IT and telecom segment to dominate by 2032
By industry vertical, the IT and telecom segment accounted for nearly two-fifth of the global digital immune system market share in 2022, and is expected to rule the boost by 2032, owing to operate in a highly competitive industry that necessitates bringing cutting-edge products to market more quickly while maintaining reliable service models while lowering cost and complexity. However, the education segment would also display the fastest CAGR of 18.3% throughout the forecast period, owing to early detection that use behavioral analytics to alert unusual behavior is growing, which significantly promotes market expansion.
Asia-Pacific garnered the major share in 2022
By region, North America garnered the highest share in 2022, holding nearly one-third of the global Digital immune system market revenue in 2022, and is projected to retain its dominance by 2032, owing to growing awareness among organizations in this region about data security and compliance with the most recent rules established by the governments of these nations. However, the Asia-Pacific region would also portray the fastest CAGR of 16.4% during the forecast period, owing to the increasing severity of these attacks and strict government regulations, it is anticipated that the Asia-Pacific digital immune system market will grow at a notable pace.
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Leading Market Players-
- International Business Machines Corporation
- Cisco System, Inc.
- Mcafee, LLC
- Fireeye, Inc.
- Palo Alto Networks Inc
- Hcl Technologies Limited
- Microsoft Corporation
- Trend Micro Incorporated
- Check Point Software Technologies Ltd.
- Broadcom
The report analyzes these key players in the global digital immune system market. These players have adopted various strategies such as expansion, new product launches, partnerships, and others to increase their market penetration and strengthen their position in the industry. The report is helpful in determining the business performance, operating segments, developments, and product portfolios of every market player.
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Fintech
Perigon Wealth Management Enhances Leadership Team to Support Continued Growth
Perigon Wealth Management, LLC (“Perigon”), a rapidly growing independent wealth management firm with offices across the country and approximately $8.2 billion in client assets as of June 30, 20241, welcomed three key hires to support the firm’s continued expansion through organic growth and acquisitions.
“A decade ago, Perigon had two locations and less than $150 million in assets under management,” said CEO Arthur Ambarik. “We’re now at nearly 20 locations and approximately $8.2 billion. This kind of growth needs additional executive and operational expertise to capitalize on new opportunities, and we’re thrilled to have attracted such incredible talent to our team.”
David Scarpello, Chief Financial Officer
David Scarpello joins as Chief Financial Officer, replacing Chuck Pinson-Rose, who will continue to support the firm on special projects as the Managing Director, Finance and Investment, help ensure a smooth executive transition and dedicate more time to his role as an investment advisor.
“David has more than 30 years of experience supporting a range of forward-looking financial services institutions and wealth management firms, and I look forward to working closely with him as we execute the next phase of our growth strategy,” said Ambarik.
Most recently, Scarpello served as the CFO of Pathstone, a private equity-backed family office and advisory firm for ultra-high-net-worth clients, where he led end-to-end M&A support, financial and accounting practices and strategic financial planning efforts. He has held CFO roles at several financial services and fintech providers, as well as other executive roles.
Scarpello said, “I’ve watched Perigon’s rise from afar and have been incredibly impressed with Art, Chuck and the entire executive team’s approach to the market. I look forward to working to build upon the incredible foundation as we continue to execute into the future.”
Chuck Pinson-Rose, CFA®, has been with Perigon since 2015 and served as its CFO during its rapid expansion. He has been pivotal in developing a dynamic and scalable financial infrastructure for the firm and will continue to lend his expertise to move the firm forward.
The firm also announced it has added two new positions to support the continued strategic expansion of services and M&A activity.
Brian McGunnigle, Director of Operations
McGunnigle joins Perigon from the Mather Group and brings 25 years of industry experience, having spent the prior 16 years leading operations teams, technology evaluations and implementations, and M&A integrations. McGunnigle will report to Chief Investment Officer Rafia Hasan.
Debra Dunham, Director of Transitions and Integrations
Dunham most recently led and managed integrations for The Colony Group, a wealth management firm based in Boston. She has held several management roles in financial services firms and is active in her local community. She will report to the Head of Advisor Success and Integration Maria Daley.
Perigon is an advisor-led firm that has added teams and offices across six major markets since December 2021. In January, the firm welcomed Constellation Wealth Capital as a strategic investor. Perigon was named one of RIA Channel’s 2022 Top 50 Wealth Managers by Growth in Assets and included on the 2022 Forbes Top RIA list.2 In September 2022, the firm announced a merger with PM Wealth Management LLC, and formed a strategic alliance with Prager Metis CPAs LLC, a tax advisory firm. In November 2022, Perigon announced it acquired Nauset Wealth Management LLC, and expanded its Atlanta office.
The post Perigon Wealth Management Enhances Leadership Team to Support Continued Growth appeared first on HIPTHER Alerts.
Fintech
Thunes Wins Big at Pay360 Awards 2024 – Taking Home Three Prestigious Titles
Thunes, the Smart Superhighway to move money around the world, is thrilled to announce an extraordinary triple win at the 2024 Pay360 Awards in London. These highly respected accolades recognize outstanding contributions to the payments industry, and Thunes is proud to be recognized across three major categories:
- Best B2B Payments Programme
- Leading Financial Services or Payments Organisation
- Best International Payments, Remittance or Use of FX
This achievement highlights Thunes’ unwavering commitment to innovation and excellence in financial services, solidifying our role as a key player in reshaping global payments. The recognition is a testament to the hard work and dedication of our talented team and all Members of Thunes’ Direct Global Network that enable us to move money around the world, with unrivaled speed, control, visibility, protection, and cost efficiencies.
Mathieu Limousi, Chief Marketing Officer at Thunes, commented: “We are incredibly honored to receive these awards, which acknowledge our efforts to continuously expand and deepen our proprietary Direct Global Network, which serves Financial Institutions, Super Apps, Fintech Innovators, Gig Economy Giants and Money Transmitters worldwide. This win reaffirms our belief that the future of payments lies in breaking the barriers of payment interoperability, and we remain committed to driving the industry forward.”
The Pay360 Awards, organized by The Payments Association, is one of the industry’s most anticipated events, celebrating innovation and success within the payments sector. Thunes’ victories across multiple categories highlight its leadership and impact in driving forward-thinking solutions for global payments.
Chloé Mayenobe, President and COO at Thunes, added: “As we celebrate this exciting milestone, we extend our heartfelt thanks to our exceptional team of Thunesters and all Members of Thunes’ Direct Global Network whose passion and collaboration made this achievement possible. Together, we are building the Smart Superhighway to move money around the world.”
The post Thunes Wins Big at Pay360 Awards 2024 – Taking Home Three Prestigious Titles appeared first on HIPTHER Alerts.
Fintech
Drofa Comms and CryptoUK Boosting Crypto Education in the UK with New Initiative
A groundbreaking initiative set to transform crypto education in the UK is to set off. Drofa Comms, a leading PR firm specialising in finance and fintech, in collaboration with CryptoUK, a self-regulatory trade association for the UK cryptoasset industry, is proud to launch an educational initiative, CryptoEdu, aimed at enhancing cryptocurrency awareness in the UK. This initiative represents a crucial step in addressing the need for accessible and comprehensive crypto knowledge for economic development.
The first phase of the project aims to inform the professional community about new trends, rules, regulations, and challenges of the crypto industry. Participants from Zumo, The Crypto Collective, Orbital, Cointelegraph, Coindesk, and Crystal Intelligence were invited to take part in these industry dialogues. These interviews reveal several key insights, such as the complexities of crypto concepts, an urgent need to shift the focus of crypto education from technical details to real-world benefits, and the importance of incorporating formal educational programs and hands-on learning.
Valentina Drofa, co-founder and CEO of Drofa Comms, emphasised the importance of this initiative, saying: “Even though the industry has already made progress in crypto education, it is clear that we now need to significantly boost these efforts. Without proper education of both key stakeholders and the population, the sector will not have a future. Someone has to take the lead in the systematic promotion of education at all levels. My expertise in PR and educational products led Drofa Comms to form CryptoEdu as a joint effort with CryptoUK. We now offer organisations perspectives for crypto education, contributing to both the industry’s maturing and crypto players’ development.”
And the launch of the magazine is just the beginning, the project is set to evolve. Webinars and workshops that will serve as platforms for companies to engage in discussions are soon to be introduced. Thought leaders, trade associations, and market players will be further brought to explore the current state of crypto education, address pain points, share personal experiences and advice, and develop improvement strategies.
Drofa Comms aims to provide the industry with a boost in innovation and knowledge, recognising that education should not be a marketing tool but contribute to the growth of the industry.
SOURCE Drofa Comms
The post Drofa Comms and CryptoUK Boosting Crypto Education in the UK with New Initiative appeared first on HIPTHER Alerts.
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