BENGALURU, India, Jan. 16, 2025 /PRNewswire/ — Bengaluru-based biotechnology startup, CrisprBits Private Limited, has inaugurated a CRISPR gene editing and diagnostics laboratory in Bengaluru.

The new facility includes advanced infrastructure laboratory features with dedicated spaces for lyophilization (a process used to keep reagents stable at room temperature), cell and tissue culture, bacterial culture, molecular biology research, and cleanroom operations. Additionally, the laboratory includes a specialized gene editing section and a tissue culture area designed to support stem cell research. A state-of-the-art LIMS (Laboratory Information Management System) and intelligent systems for smart design of CRISPR guides round out the technology platforms at the CrisprBits innovation centre.

Commenting on the launch of the new facility, Dr. Vijay Chandru, Co-founder & Director, CrisprBits, said, “The launch of our new facility in Bengaluru is a significant milestone in our journey to deliver affordable and high-quality solutions to enhance the health of people and the planet. The state-of-the-art CRISPR gene editing laboratory and diagnostics will better equip us to meet critical needs and develop solutions that have significant commercial and social impact.”

CrisprBits was founded by Dr. Vijay Chandru, Sunil Arora, Dr. Rajeev Kohli, Bharat Jobanputra, and Aditya Sarda in 2020, five distinguished alumni and friends from BITS Pilani, with a vision of innovating for the well-being of humans and the planet. The women-led executive and scientific team comprising Vaijayanti Gupta, Reety Arora and Vandana Hegde have an impressive track record in genomic science, molecular diagnostics and gene editing. Under the guidance of the founding team and an exceptional science advisory board, the team is poised to drive the company toward pioneering new applications of CRISPR technology.

Incubated initially at the Center For Cellular and Molecular Platforms (CCAMP) for the past four years, the start-up has been focusing on developing a rapid point-of-need molecular diagnostics platform. In the next few months, CrisprBits aims to launch several key tests in affordable rare disease diagnostics and Hospital Acquired Infections (HAI) including antimicrobial resistance tests using the platform. CrisprBits will continue its operations at CCAMP in the near future, on several collaborative gene editing projects. Over the next 6 months, CrisprBits plans to introduce Novel applications of CRISPR in building iPSC (Induced pluripotent stem cells) models for rare diseases and targeted editing of cell lines and microbes important for industrial microbiology applications are in progress

About CrisprBits

CrisprBits is one of the first Indian companies using CRISPR, a breakthrough gene-editing technology, to develop high-quality solutions in the life sciences that all Indians can afford. The company was founded by a team of entrepreneurs and scientists with vast experience in both the industry and academic sectors. They have a proven track record in developing diagnostics, precision medicine, and clinical-research solutions used by clinicians, pharmaceutical companies, and biotechnology firms globally, including in India.

CrisprBits operates under three key principles: using deep science to deliver high quality products; adhering to the highest ethical standards, including in the choice of products they offer; and developing an organization that draws exceptional individuals with diverse backgrounds and affinities.

Website: CrisprBits

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NEW YORK, Jan. 16, 2025 /PRNewswire/ — Report on how AI is driving market transformation – The online lottery market in china size is estimated to grow by USD 2.28 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  9.45%  during the forecast period. Increased reach of online lotteries is driving market growth, with a trend towards introduction of new types of lotteries. However, online scams and negative impacts  poses a challenge. Key market players include Baidu Inc., China Sports Lottery Operation and Management Co. Ltd., Gaming China, QQLotto, Shenzhen Yixun Sky Network Technology Co. Ltd., SINA Corp., and Zhaoqing Chuangwei Development Co. Ltd..

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The Chinese lottery market experienced significant growth in 2021, with sales reaching USD58.67 billion, a 10.8% increase from the previous year. The sports lottery segment accounted for the majority of these sales, which increased by 22% compared to 2020. AGTech Holdings’ Chinese subsidiary played a key role in this growth by supplying terminals to eight additional provincial sports lotteries. Innovation, safety, and regulatory compliance will continue to drive the market forward, leading to the introduction of new online lottery options and strengthening market expansion during the forecast period. 

The online lottery market in China is experiencing significant growth with various players offering lottery services. Technology plays a crucial role in this sector, with apps and websites providing convenience for customers. The use of secure technology ensures that transactions are safe and reliable. The market is also seeing an increase in the number of lottery types, including mobile lotteries and live draw lotteries. Decentralized lottery platforms are also gaining traction, offering transparency and security. Additionally, the integration of blockchain technology is expected to further enhance the market’s growth. The regulatory landscape is evolving, with stricter regulations being implemented to ensure fairness and transparency. Overall, the online lottery market in China is a dynamic and growing industry, offering exciting opportunities for businesses and consumers alike. 

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•         The online lottery market in China faces challenges from scams and inadequate regulations. Users receive fraudulent emails, leading them to pay taxes and fees for non-existent winnings. Fake websites mimic genuine lottery sites, while unregistered sellers peddle counterfeit tickets. Banning these sites is difficult due to URL changes. Addiction to lotteries can result in debt, depression, and crime, negatively impacting social and economic conditions. On average, gambling addicts have twice the debt of non-gamblers. These issues may hinder the growth of China’s online lottery market.

•         The online lottery market in China faces several challenges. Urbanization and the spread of the internet have increased the demand for lottery services. However, despite the growing market, there are regulatory issues. Desk top operations and lack of a unified lottery system make it difficult for companies to operate smoothly. Markets are segmented, with different regions having distinct rules and regulations. Digitalization is a key trend, with companies using technology to improve customer experience and increase sales. However, security concerns and the need for strict regulations pose challenges. Competition is intense, with many players vying for market share. Companies must differentiate themselves through innovative marketing strategies and superior customer service. The market is evolving rapidly, requiring companies to stay agile and adapt to changing regulations.

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This online lottery market in China report extensively covers market segmentation by  

Device 1.1 Mobile1.2 DesktopProduct 2.1 Lotto2.2 Sports2.3 VLT2.4 Scratch cardGeography 3.1 APAC

1.1 Mobile-  The mobile segment of online lotteries in China is experiencing significant growth due to its ability to effectively target audiences with preferred games. Mobile users are more likely to become customers than desktop users, making smartphones an effective channel for increasing lottery penetration. Personalized campaigns based on user data and the availability of high-speed Internet enable engaging experiences and cross-selling opportunities, driving market growth. The increasing adoption of smartphones and Internet penetration in rural areas will further fuel this segment’s expansion.

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The Online Lottery Market in China is experiencing significant growth due to the increasing adoption of digital technologies among younger generations. International lotteries are now accessible through online platforms, allowing players to purchase tickets for draw-based games from the comfort of their homes or even remotest areas. The market is segmented into the Mobile segment and Desktop segment, with mobile lottery apps and mobile payment methods gaining popularity. The Lottery industry’s digitalization is transforming traditional retail locations into virtual lottery systems, making the Online lottery sub-segment a lucrative business decision. Internet penetration continues to expand, providing opportunities for Lottery companies to reach a broader audience. The Gaming sector is embracing digital tools to enhance user experience, further fueling the market’s growth. The Online lottery system is revolutionizing the Lotto sub-segment, offering convenience and accessibility to players.

The Online Lottery Market in China has experienced significant growth in recent years, driven by the increasing popularity of digital platforms and the convenience they offer. Lotteries in China are regulated by the China Welfare Lottery Center and the China Sports Lottery Center. The market consists of various types of lottery games such as number lotteries, instant win games, and sports lotteries. Technological advancements have led to the integration of mobile payments and live draw broadcasts, making online lottery playing more accessible and engaging for consumers. The market is also witnessing the adoption of advanced technologies like AI and blockchain to enhance security and transparency. Despite regulatory challenges, the market is expected to continue its growth trajectory due to the large population base and growing preference for digital channels.

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

DeviceMobileDesktopProductLottoSportsVLTScratch CardGeographyAPAC

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

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.

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

NEW YORK, Jan. 16, 2025 /PRNewswire/ — The global in-car wi-fi market size is estimated to grow by USD 1,789.26 billion from 2025 to 2029, according to Technavio. The market is estimated to grow at a CAGR of 96.4% during the forecast period. The report provides a comprehensive forecast of key segments below- 

Segmentation Overview

Technology 1.1 3G and 4G1.2 5GApplication 2.1 Residential2.2 CommercialGeography 3.1 Europe3.2 APAC3.3 North America3.4 Middle East and Africa3.5 South AmericaCountry
Germany, UK, US, France, China, Italy, Canada, Japan, India, and South Korea

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1.1 Fastest growing segment:

The in-car Wi-Fi market has witnessed significant growth due to the transition from 3G to 4G technology. 3G set the foundation for various smartphone technologies, but 4G offers faster data rates, improved security, and lower power consumption. Major automotive OEMs have adopted 4G LTE for in-car Wi-Fi, with General Motors being the first in 2015. However, the emergence of 5G technology may limit the growth of the 4G in-car Wi-Fi market in the forecast period.

Analyst Review

The In-Car Wi-Fi market is experiencing significant growth due to the increasing demand for seamless connectivity in commercial vehicles. Digital devices such as laptops and tablets are becoming essential tools for both drivers and passengers, requiring reliable internet access on the go. Real-time tracking and fleet management systems, powered by artificial intelligence algorithms, are enhancing driver preferences and improving customer satisfaction. Autonomous vehicles are also embracing connectivity features, offering passengers an exceptional experience through mobile hotspots and infotainment systems. Car manufacturers and tech companies are collaborating to integrate dedicated modems and signal coverage solutions into their vehicles, making the Internet of Things a reality in the automotive industry. Entertainment and infotainment systems are becoming more advanced, offering a wide range of features to keep drivers and passengers engaged and connected.

Market Overview

The In-Car Wi-Fi market refers to the provision of wireless internet connectivity within vehicles for passengers’ use. This technology enables seamless internet access during travel, enhancing the in-car experience. It caters to various needs such as entertainment, work, and communication. The market is driven by factors like increasing consumer demand for connectivity, advancements in technology, and the integration of Wi-Fi into vehicle infotainment systems. The market also offers opportunities for collaboration between automotive and telecommunications industries. The future of In-Car Wi-Fi looks promising with the integration of 5G technology and the development of advanced features like real-time traffic updates and vehicle diagnostics.

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 1 Executive Summary
 2 Market Landscape
 3 Market Sizing
 4 Historic Market Size
 5 Five Forces Analysis
 6 Market Segmentation
 7 Customer Landscape
 8 Geographic Landscape
 9 Drivers, Challenges, and Trends
10 Venodr Landscape
11 Vendor Analysis

Bayerische Motoren Werke AGBYD Co. Ltd.Chongqing Changan Automobile Co. Ltd.Dr. Ing. h.c. F. Porsche AGFord Motor Co.General Motors Co.Honda Motor Co. Ltd.KIA CORP.Mahindra and Mahindra Ltd.Mercedes Benz Group AGMitsubishi Motors Corp.NIO Ltd.Nissan Motor Co. Ltd.Rairdons Subaru of AuburnRenault SASSsangYong Motor Co.Tesla Inc.Toyota Motor Corp.Volkswagen AG

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