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PCI Express Market to Grow by USD 53.74 Billion from 2024-2028, Driven by PCIE Integration with IEEE 1394 (FireWire) and AI’s Role in Market Transformation – Technavio

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NEW YORK, Sept. 30, 2024 /PRNewswire/ — Report with the AI impact on market trends – The Global PCI Express Market  size is estimated to grow by USD 53.74 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 28.22%  during the forecast period.  Integration of PCIE with IEEE 1394 (firewire) is driving market growth, with a trend towards continuous technological upgradation. However, failure to manage inventory during changing customer demand  poses a challenge – Key market players include Advanced Micro Devices Inc., Advantech Co. Ltd., Anritsu Corp., Axiomtek Co. Ltd., Broadcom Inc., Diodes Inc., Hilscher Gesellschaft fur Systemautomation mbH, Intel Corp., Kingston Technology Co. Inc., Microchip Technology Inc., NXP Semiconductors N.V., One Stop Systems Inc., Rambus Inc., Renesas Electronics Corp., Samsung Electronics Co. Ltd., Samtec Inc., Silicon Motion Technology Corp., Teledyne Technologies Inc., Texas Instruments Inc., and Western Digital Corp..

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Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Application (Storage, Data center, and Others), End-user (Telecom, Infrastructure, Residential, Industrial, and Others), and Geography (North America, APAC, Europe, South America, and Middle East and Africa)

Region Covered

North America, APAC, Europe, South America, and Middle East and Africa

Key companies profiled

Advanced Micro Devices Inc., Advantech Co. Ltd., Anritsu Corp., Axiomtek Co. Ltd., Broadcom Inc., Diodes Inc., Hilscher Gesellschaft fur Systemautomation mbH, Intel Corp., Kingston Technology Co. Inc., Microchip Technology Inc., NXP Semiconductors N.V., One Stop Systems Inc., Rambus Inc., Renesas Electronics Corp., Samsung Electronics Co. Ltd., Samtec Inc., Silicon Motion Technology Corp., Teledyne Technologies Inc., Texas Instruments Inc., and Western Digital Corp.

Key Market Trends Fueling Growth

The PCI Express (PCIE) market is experiencing growth due to increasing enterprise demand for PCIE solutions. Vendors are upgrading their offerings to meet this demand and keep up with technological advances. PCIE 3.0 was the standard for a long time, but with the launch of PCIE 4.0, PCI-SIG announced PCIE 5.0, which will offer 32 GT/s bandwidth speed, surpassing industry needs. Continuous technological upgrades will support enterprises in meeting customer demands for high-speed data transfer, leading to market growth. 

PCI Express market is thriving with enterprises adopting high-performance peripherals for business growth. The latest Generation models of PCI Express support advanced technologies like Artificial Intelligence and Machine Learning, aiding data center modernization and infrastructure flexibility. IT cost optimization is a key driver, enabling enterprises to reduce costs by enhancing team performance with an agile IT infrastructure. SSD technology and sophisticated algorithms boost efficiency, while cloud services offerings, networking, and automation technologies enhance application performance. Underutilization and overprovisioning are addressed with agile approaches, and SONET/SDH technology, Ethernet switches, and 10Gigabit Ethernet enable seamless communication. Miniaturization and the integration of PCI Express into networking hardware, storage devices, and network interface cards facilitate data traffic management. PCI Express also powers innovative applications like ADAS systems, Infotainment systems, and 5G technology, making it a must-have for businesses seeking to stay competitive. 

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Market Challenges

In the PCI Express market, vendors sell their products to businesses based on purchase orders. Enterprises can delay shipments without penalty due to technological advances, leading to potential inventory issues. Excess inventory can negatively impact profitability and result in inventory write-downs. This risk is amplified when vendors sell through distributors, as demand forecasts rely on multiple estimates. Additionally, businesses may cancel orders with short notice, increasing customer concentration risk. Continuous technological changes can cause market fluctuations, potentially resulting in overcapacity and price reductions to clear stock. These factors could impact the revenue growth of the global PCI Express market during the forecast period.PCI Express (PCIe) is a high-performance interconnect technology used in modern computing systems for connecting high-speed peripherals. With the continuous advancement of technologies like artificial intelligence (AI) and machine learning (ML), enterprises require faster and more efficient data transfer. PCIE’s various generation models cater to these needs. Data center modernization is a key focus for businesses aiming for IT cost optimization and infrastructure flexibility. PCIe’s agile approaches, such as SSD technology and sophisticated algorithms, reduce costs by minimizing underutilization and overprovisioning. Advanced technologies like AI, ML, and cloud services offerings are driving the demand for PCIe in data centers. Communication applications, networking hardware, Ethernet switches, and 5G technology also benefit from PCIe’s high-speed capabilities. In industries like automotive and infotainment, PCIe’s miniaturization and integration with advanced technologies like ADAS systems enhance team performance and application performance. Graphic cards, storage devices, and network interface cards are essential PCIe components in various industries. Data traffic and networking are other areas where PCIe plays a significant role, with 10Gigabit Ethernet and SONET/SDH technology relying on PCIe for seamless communication. PCIe’s role in IT infrastructure is crucial for business growth, enabling agile IT infrastructure and application performance.

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Segment Overview 

This pci express market report extensively covers market segmentation by

Application 1.1 Storage1.2 Data center1.3 OthersEnd-user 2.1 Telecom2.2 Infrastructure2.3 Residential2.4 Industrial2.5 OthersGeography 3.1 North America3.2 APAC3.3 Europe3.4 South America3.5 Middle East and Africa

1.1 Storage-  In the storage industry, enterprises are facing performance issues with traditional hard disk drives (HDDs) due to latency. To address this, enterprises have started adopting solid-state drives (SSDs) for their non-volatile memory needs. While HDDs still dominate the market due to their lower cost, the price gap between HDDs and SSDs is closing rapidly. PCIe SSDs offer significant benefits, including higher performance and lower latency, making them ideal for caching and buffering applications. PCIe was already widely used in storage subsystems and enterprise processors, and the adoption of PCIe interfaces in SSD controllers has further improved system performance. PCI-SIG’s extension of the PCIe specification with features like enhanced downstream port containment (eDPC) and DPC will enable more storage systems, leading to increased adoption of PCIe solutions in storage. This, in turn, will drive the growth of the global PCI express market during the forecast period.

Download complimentary Sample Report to gain insights into AI’s impact on market dynamics, emerging trends, and future opportunities- including forecast (2024-2028) and historic data (2018 – 2022) 

Research Analysis

PCI Express (PCIe) is a high-speed bus standard for connecting various components inside a computer or in data centers. It has revolutionized the way communication applications are handled, enabling miniaturization of Ethernet switches, SONET/SDH technology, and other networking hardware. PCIe supports advanced technologies like 10Gigabit Ethernet, 5G technology, and high-performance peripherals such as graphic cards and storage devices. With the rise of cloud-based services, PCIe plays a crucial role in data traffic management and infrastructure flexibility. It also caters to emerging applications like ADAS systems, infotainment systems, artificial intelligence, and machine learning in automotive and consumer electronics. PCIe’s evolution includes multiple generation models, ensuring continuous improvement and optimization of IT costs.

Market Research Overview

The PCI Express market is experiencing significant growth due to the increasing demand for high-speed data transfer in various industries, particularly in data centers. Communication applications, miniaturization, and advanced technologies such as Ethernet switches, SONET/SDH technology, and 10Gigabit Ethernet are driving the market forward. PCI Express is essential for networking hardware like Ethernet switches, enabling high-speed data transfer between components. The market is also being fueled by the rise of cloud-based services, graphic cards, storage devices, and network interface cards. Data traffic from ADAS systems, infotainment systems, and 5G technology is also contributing to the growth of the PCI Express market. The market is evolving with each new generation model, incorporating advanced technologies like artificial intelligence and machine learning to optimize IT cost, enhance team performance, and ensure infrastructure flexibility. Data center modernization and infrastructure flexibility are key priorities for enterprises seeking business growth, reduce costs, and application performance. Automation technologies, SSD technology, and cloud services offerings are also playing a crucial role in the market’s development. Underutilization and overprovisioning are being addressed through agile approaches, leading to increased efficiency in the PCI Express market.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ApplicationStorageData CenterOthersEnd-userTelecomInfrastructureResidentialIndustrialOthersGeographyNorth AmericaAPACEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Technology

INTOUCH INSIGHT ANNOUNCES Q3 2024 FINANCIAL RESULTS

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OTTAWA, ON, Nov. 21, 2024 /CNW/ – Intouch Insight Ltd, (“Intouch” or “the Company”) (TSXV: INX) (OTCQX: INXSF) a leader in customer experience measurement solutions, today announced financial results for the quarter ended September 30, 2024.

Key highlights for Q3 2024

Revenue increased 18% to $6,656,664 compared to $5,634,594 in Q3 2023.Recurring services revenue increased 23% to $5,761,966 from $4,678,154 the prior year Q3.Gross margin increased to 48.2% from 41.7% in Q2 2024 due to the shift in product mix.SaaS revenues grew 9% organically.Operating expenses have grown 7% compared to prior year’s Q3 as acquisition integration efforts continue.Adjusted EBITDA remained positive increasing to $575,889 compared to $296,515 in Q2, 2024 and $509,762 in prior year Q3.

“Our financials illustrate that Intouch is a growing, profitable and financially self-sufficient business.  Sales and marketing efforts are building on our thought leadership and improving brand recognition, particularly in the key target market segments of Quick Serve Restaurants and Petro Convenience, as evidenced by recent mainstage speaking invitations for four industry events,” said Cameron Watt, President & Chief Executive Officer of the Company.

“This year will mark the second year in a row with revenues over $25 Million and we expect growth to continue well beyond this level into the future,” said Watt.

Consolidated Statements of Operations

Q3 2024

Q3 2023

Revenue

$    6,656,664

$    5,634,594

Cost of services

3,445,180

2,719,682

Gross margin

3,211,484

2,914,912

Total operating expenses

2,844,721

2,656,381

Income from operating activities

366,763

258,531

Non-operating (expenses) income 

87,297

(83,076)

Income tax recovery (expense)

Net income (loss)

$       454,060

$       175,455

About Intouch Insight

Intouch Insight offers a complete portfolio of customer experience management (CEM) products and services that help global brands delight their customers, strengthen brand reputation and improve financial performance. Intouch helps clients collect and centralize data from multiple customer touch points, gives them actionable, real-time insights, and provides them with the tools to continuously improve customer experience. Founded in 1992, Intouch is trusted by over 300 of North America’s most-loved brands for their customer experience management, customer survey, mystery shopping, mobile forms, operational and compliance audits, geolocation data capture and event marketing automation solutions. For more information, visit intouchinsight.com.

Certain statements included in this news release contain forward looking statements that are made of the date hereof, which by their nature are necessarily subject to risks and uncertainties and other factors that may cause actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.  Such statements reflect the Company’s current views with respect to future events, including the acquisition, future revenues and references to the Company’s expansion and growth of the business and operations, and are based on information currently available to the Company and on hypotheses which it considers to be reasonable; however, management warns the reader that hypotheses relative to future events which are beyond the control of management could prove to be false, given that they are subject to certain risks and uncertainties. Please refer to the risks set forth in the Company’s most recent annual MD&A and the Company’s continuous disclosure documents that can be found on SEDAR at www.sedar.com.   The Company does not intend, and disclaims any obligation, except as required by law, to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Intouch Insight Ltd.

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Beacon Healthcare Systems Expands Leadership Team with Addition of Ayman Mohamed as Chief Technology Officer

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HUNTINGTON BEACH, Calif., Nov. 21, 2024 /PRNewswire/ — Beacon Healthcare Systems, is pleased to announce the appointment of Ayman Mohamed as its new Chief Technology Officer, effective November 18, signaling a new direction in innovation and technology leadership. With over 20 years of senior leadership, strategic, and operational product management experience, Ayman brings a wealth of knowledge and expertise to the role.

Beacon Healthcare Systems Expands Leadership Team with Addition of Ayman Mohamed as Chief Technology Officer

Ayman Mohamed is a seasoned technology leader with a proven track record of launching innovative products in new and existing markets, generating significant revenue streams, and creating profitable enterprises. His passion for building high-quality products and commitment to servant leadership have earned him a reputation for building trust and fostering collaborative, high-performing teams.

Throughout his career, Ayman has demonstrated a deep understanding of software architecture and broad hands-on technical skills. He has successfully helped organizations succeed, with experience spanning startups and larger companies in the San Francisco Bay and Washington DC metro areas. In his new role at Beacon Healthcare Systems, Ayman will lead engineering and delivery teams, develop a product roadmap, and lead technology development, testing, and implementation efforts.

“We are thrilled to have Ayman join Beacon Healthcare Systems at this pivotal time. Our vision is to harness cutting-edge technologies to enhance our products, implementations, and continue to give our clients the level of quality they expect,” said Todd Petersen, CEO.

Ayman Mohamed’s previous roles include leadership positions at Amazon Web Services, American Well, Avizia, Intersections Inc, Zumetrics, Moasis Global, and Ultra Zoom Technologies. His strategic and operational skills, combined with his ability to thrive in dynamic environments and his bias for action, make him an invaluable asset to Beacon Healthcare Systems.

About Beacon Healthcare Systems. Beacon Healthcare Systems streamlines the business of healthcare through reliable innovative SaaS technology delivered by industry experts. With a focus on appeals and grievances, compliance, and analytics, Beacon HCS is the first place health plans turn when looking for a trusted, experienced partner that can help them reduce costs, grow revenue, and achieve their strategic goals. Founded in 2011, Beacon HCS is a privately held California-based company. Visit our website at www.beaconhcs.com

Media Contact: 9048744189 | Dkroog@beacon@beaconhcs.com 

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SOURCE Beacon Healthcare Systems

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NASA Awards Test Operations Contract

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WASHINGTON, Nov. 21, 2024 /PRNewswire/ — NASA has selected Sierra Lobo, Inc. of Fremont, Ohio, to provide for test operations, test support, and technical system maintenance activities at NASA’s Stennis Space Center near Bay St. Louis, Mississippi.

The NASA Stennis Test Operations Contract is fixed-price, level-of-effort contract that has a value of approximately $47 million. The performance period begins July 1, 2025, and extends three years, with a one-year base period and two one-year option periods.

The contract will provide test operations support for customers in the NASA Stennis test complex. It also will cover the operation and technical systems maintenance of the high-pressure industrial water, high-pressure gas, and cryogenic propellant storage support areas, as well as providing welding, fabrication, machining, and component processing capabilities.

NASA Stennis is the nation’s largest propulsion test site, with infrastructure to support projects ranging from component and subscale testing to large engine hot fires. Researchers from NASA, other government agencies, and private industry utilize NASA Stennis test facilities for technology and propulsion research and developmental projects.

For information about NASA and other agency programs, visit:

https://www.nasa.gov

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SOURCE NASA

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