Technology
Securus Technologies Seeks to Support Incarcerated Individuals in Reshaping their Futures With Expanded Access to Educational Programs Available Through Tablet Technology
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2 weeks agoon
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Spending time on education and skill-building while incarcerated promotes stronger re-entry outcomes
DALLAS, Nov. 12, 2024 /PRNewswire/ — Over the past five years, Securus Technologies has expanded opportunities for incarcerated individuals to access and benefit from education resources that promote stronger reentry outcomes. As an Aventiv Technologies company and the leading provider of connections between incarcerated individuals and their loved ones, Securus offers free and premium access to educational, vocational, and rehabilitative curricula. The company also enables connections to scholarships and mentorship through ScholarCHIPS, a nonprofit supporting children of incarcerated parents. By investing more than $600 million to deploy technology, including 600,000 tablets in correctional facilities nationwide, Securus aims to close the education gap affecting justice-impacted families.
According to the Prison Policy Institute, formerly incarcerated individuals are nearly twice as likely to lack a high school credential and eight times less likely to complete college than the general public. Yet, according to the Vera Institute, incarcerated individuals who participate in educational programs are 52 percent more likely to remain in their communities, demonstrating that education is a critical factor in breaking the cycle of recidivism.
“Technology offers a scaled solution to connect incarcerated individuals to educational and job training resources that help break the recidivism cycle,” said Kevin Elder, President, Securus Technologies. “More than 600,000 Securus tablets available in corrections facilities nationwide offer free and premium content that encourage learning and skill building. Our offerings from 22 colleges and universities have connected more than 17,000 incarcerated learners to post-secondary education equating to more than 300,000 credit hours, positively impacting the trajectory of their own lives, and those of their families and communities.”
Securus remains committed to using technology to help bridge the digital divide, connecting justice-impacted individuals to high-quality content and resources, to help them plan their path to reentry starting on day one:
With Edovo, a tech nonprofit providing free educational and vocational curricula, Securus connects incarcerated learners to free skill-building programs via a cloud-based platform. To date, using Securus devices, Edovo has delivered over 3.27 million educational hours to more than 500,000 incarcerated individuals in more than 550 corrections facilities nationwideSecurus has a partnership with Essential Education, a platform that provides incarcerated individuals access to premium education and reentry programming, including GED prep, HiSET prep, computer competency, and financial literacy, among other offerings. The platform brings flexibility for self-paced, adaptive lessons to corrections tablets, supplementing classroom-specific instruction. More than 2,700 students have accessed Essential Education on Securus devices, logging 400 plus study hours in preparation for a high school equivalency examVia a partnership with JSTOR, a digital library of academic journals, books, and primary sources, incarcerated individuals in the Florida Department of Corrections can access a digital academic research library, providing access to millions of journal articles, books, and images, spanning hundreds of disciplines at no cost. JSTOR is coming to Securus tablets in the Missouri Department of Corrections and the Arizona Department of Corrections, Rehabilitation, and Re-EntryIn May 2024, Securus partnered with Tooling U, a workforce development organization that produces software, certifications, and content for the manufacturing industry for free for incarcerated individuals. To date, 21 students completed the program, of which,12 earned their Certified Manufacturing Associate’s certification and eight returned home to secure employment
Securus recognizes that the education gap affects more than just those within correctional facilities. Nationally, 2.7 million children—about the population of Mississippi—have an incarcerated parent. These children may encounter barriers to academic success, including higher rates of special education placement, reduced school retention, and increased delinquency. Securus’s partnership with ScholarCHIPS, a nonprofit providing scholarships and mentorship to children of incarcerated parents, can help correct this critical challenge by connecting youth impacted by the justice system to resources that allow them to pursue their education.
“All too often, the children of incarcerated individuals face significant challenges in pursuing their academic and career dreams, reducing their chance to create change within themselves, their families, and their communities,” said Yasmine Arrington Brooks, Founder and Executive Director of ScholarCHIPS. “Growing up as a justice-impacted individual, I searched for ways to bridge the financial gap so I could complete my college education and then founded ScholarCHIPS to provide justice-impacted youth with opportunities to pursue higher education and break out of cycles of poverty and incarceration.”
Since its inception, ScholarCHIPS has awarded over $500,000 in scholarships to 100 young people, including more than 2,500 hours of mentorship. To date, ScholarCHIPS has seen 45 scholars through to college graduation, and ninety percent of scholars are on track to graduate from college within the next five years. In 2024, Securus made the ScholarCHIPS application and award process available across its 600,000 tablets nationwide, resulting in a 900 percent increase in scholarship applications across 27 states. As a result of this work, ScholarCHIPS has been selected by the International Academy of Digital Arts & Sciences as a finalist for The Anthem Awards in several categories.
“National Education Month is a time to celebrate the power of learning, recognizing children of incarcerated parents can face entirely different obstacles when navigating the educational system,” said Anye Young, a ScholarCHIPS recipient and current Community Engagement Intern at Aventiv. “Thanks to ScholarCHIPS, I attended the University of Southern California, earned my degree, and now work for Aventiv in a community engagement role where I am helping identify programming and partnerships that allow justice-impacted families to feel supported, connected, and empowered.”
Education provides incarcerated individuals with hope and purpose. Securus is committed to expanding access to education across correctional facilities nationwide, so incarcerated individuals have the opportunity and tools to succeed.
About Securus Technologies
Headquartered in Plano, Texas, Securus Technologies® (Securus) is an Aventiv Technologies company that serves more than 1,800 public safety, law enforcement, and corrections agencies as well as over 1,000,000 incarcerated individuals across North America. Founded in 1986, Securus offers innovative solutions like phone and video connections and e-messaging, which connect family and friends to their incarcerated loved ones. Their secure monitoring and investigative solutions aid law enforcement and correctional facility staff in their operations and efforts to maintain public safety in communities nationwide. As the pioneers of tablet technology, Securus introduced the first corrections-grade tablet in 2011, revolutionizing how communication, entertainment, reentry, and educational resources are deployed in complex corrections environments, elevating efficiency in operations and stronger reentry outcomes. For more information, please visit https://www.aventiv.com/securus-technologies/ or follow us on social media on LinkedIn, YouTube, and Facebook.
About Edovo
At Edovo, we are committed to making a real difference in the lives of incarcerated individuals. We believe that education is a powerful tool for transformation, and we have seen firsthand how our programming can help incarcerated learners build skills, improve their outlook, and prepare for a successful reentry into society. Our story began in 2012 when our founder, Brian Hill, recognized a need for better educational opportunities in correctional facilities. Since then, we have grown from a small startup to a national leader within correctional education and rehabilitation, establishing partnerships with some of the most respected organizations in the field of corrections, education and rehabilitation while serving hundreds of correctional facilities and tens of thousands of incarcerated learners across the country. To learn more about Edovo, please visit us here: https://www.edovo.org/
About Essential Education
Since 2002, Essential Education has empowered over 4.5 million adults to achieve their life goals through their award-winning online learning system and print materials. Their innovative solutions have revolutionized adult education by providing an array of programs that cater to the diverse needs of adult learners. From comprehensive low-level adult basic education to high school equivalency test preparation and essential workforce readiness skills, they have reshaped the landscape of adult education. Their programs are thoughtfully designed to assist educators in achieving their desired success, offering a guided pathway for each student that seamlessly supports both traditional classrooms and virtual learning environments.
About ScholarCHIPS
ScholarCHIPS, Inc. is a Washington, D.C.-based nonprofit organization that provides college scholarships, mentoring, and peer support to children of incarcerated parents, inspiring them to complete their college education. To learn more, visit https://www.scholarchipsfund.org/, and follow them on Facebook, Instagram, X, YouTube, and LinkedIn.
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SOURCE Securus Technologies
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Technology
5-Axis CNC Machining Centers Market to Grow by USD 792.5 Million (2024-2028), Driven by Self-Optimized Cutting, AI Transforming Market Landscape – Technavio
Published
24 minutes agoon
November 25, 2024By
NEW YORK, Nov. 25, 2024 /PRNewswire/ — Report with the AI impact on market trends – The global 5-axis CNC machining centers market size is estimated to grow by USD 792.5 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 6.09% during the forecast period. Self-optimized machine cutting is driving market growth, with a trend towards reduction of changeover time for 5-axis cnc machines. However, highly capital-intensive market poses a challenge.Key market players include DMG MORI Co. Ltd., Doosan Corp., FANUC Corp., Gebr. Heller Maschinenfabrik GmbH, GF Machining Solutions AG, GROB WERKE GmbH and Co. KG, Haas Automation Inc., Hardinge Inc., Hurco Companies Inc., Hyundai Motor Co., JTEKT Corp., Jyoti CNC Automation Ltd., Makino Inc., Maschinenfabrik Berthold Hermle AG, Mitsubishi Electric Corp., Okuma Corp, SCM GROUP Spa, Siemens AG, Starrag Group, and Yamazaki Mazak Corp..
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5-Axis Cnc Machining Centers Market Scope
Report Coverage
Details
Base year
2023
Historic period
2018 – 2022
Forecast period
2024-2028
Growth momentum & CAGR
Accelerate at a CAGR of 6.09%
Market growth 2024-2028
USD 792.5 million
Market structure
Fragmented
YoY growth 2022-2023 (%)
5.64
Regional analysis
APAC, North America, Europe, South America, and Middle East and Africa
Performing market contribution
APAC at 42%
Key countries
US, China, Germany, Japan, and France
Key companies profiled
DMG MORI Co. Ltd., Doosan Corp., FANUC Corp., Gebr. Heller Maschinenfabrik GmbH, GF Machining Solutions AG, GROB WERKE GmbH and Co. KG, Haas Automation Inc., Hardinge Inc., Hurco Companies Inc., Hyundai Motor Co., JTEKT Corp., Jyoti CNC Automation Ltd., Makino Inc., Maschinenfabrik Berthold Hermle AG, Mitsubishi Electric Corp., Okuma Corp, SCM GROUP Spa, Siemens AG, Starrag Group, and Yamazaki Mazak Corp.
Market Driver
Five-axis CNC machining centers are advanced manufacturing solutions that offer precision, adaptability, and efficiency for industrial operations. These systems utilize linear axes for X, Y, and Z movements, as well as rotating axes for A and B, enabling multi-sided machining of complex parts. Trends in this market include the medical industry’s demand for high-precision components, aerospace and defense’s need for lightweight structures, and hybrid manufacturing combining subtractive processes with additive technologies. CNC programming, toolpath optimization, and specialized training are essential for effective operation. Precision engineering sectors, such as aerospace, automotive, and medical, benefit from the ability to produce complex geometries with minimal setup times and cycle time. Real-time monitoring, smart instruments, and multifaceted tools ensure manufacturing efficiency and quality improvement. Vertical machining centers and horizontal machining centers cater to various industries, including petroleum, metal fabrication, commercial aviation, military systems, electric vehicles, and general machinery. Industrial robots further enhance manufacturing processes by automating material handling and labor safety. Five-axis technology’s adaptability and precision make it an indispensable part of modern manufacturing processes, driving innovation in various industries.
The 5-axis CNC machining centers market is experiencing increased demand due to the significance of reducing changeover times to enhance productivity. Changeover time, the interval between the completion of one workpiece and the setup of the next, significantly impacts productivity negatively. To mitigate this issue, manufacturers are focusing on trends such as parallel operation. During parallel operation, workpieces are prepared in separate working areas while the CNC machine executes an operation on another workpiece. This approach reduces idle time and ultimately boosts productivity, making 5-axis CNC machines an attractive investment for businesses.
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Market Challenges
The 5-axis CNC machining centers market is witnessing significant growth due to the increasing demand for advanced machining systems in various industries. Precision and adaptability are key factors driving this trend, as these systems enable the production of complex parts with high precision and efficiency. Industrial operations in sectors like aerospace, defense, medical, and automotive require intricate components with minimal setup times and optimal cycle times. Linear axes and rotating axes enable multi-sided machining, reducing the need for multiple setups and increasing manufacturing efficiency. The medical industry and high-precision components sector particularly benefit from this technology, as do industries producing complex geometries for applications in fields like aerospace and defense. Challenges in this market include the need for specialized training, toolpath optimization, and CNC programming. Hybrid manufacturing, combining subtractive processes with additive manufacturing, is a potential solution. Vertical and horizontal machining centers, industrial robots, and smart instruments are essential tools in this advanced manufacturing landscape. Safety, real-time monitoring, and cutting parameters are crucial considerations for labor safety and quality improvement. Changeover time, material handling, and manufacturing process optimization are also essential aspects of this dynamic market. The future of 5-axis CNC machining centers lies in advanced manufacturing solutions, incorporating the latest technology to meet the demands of diverse industries.The 5-axis CNC machining centers market is a significant investment for manufacturers, with raw materials accounting for approximately 48% of the overall manufacturing cost. Raw material prices, including iron, steel, aluminum, brass, and copper, significantly impact market profitability. Fluctuations in these prices necessitate frequent adjustments to pricing strategies, adding to operational expenses. Furthermore, workforce training and consultant hiring add to the financial burden. The need for continuous technological advancements also increases research and development costs, contributing to the market’s high manufacturing costs.
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Segment Overview
This 5-axis cnc machining centers market report extensively covers market segmentation by
End-user 1.1 Automotive1.2 Aerospace1.3 Metal fabrication1.4 OthersProduct 2.1 Vertical 5-axis CNC machining centers2.2 Horizontal 5-axis CNC machining centersGeography 3.1 APAC3.2 North America3.3 Europe3.4 South America3.5 Middle East and Africa
1.1 Automotive- The global automotive industry is experiencing significant changes due to regulatory framework updates, technological advancements, and evolving customer preferences. OEMs are responding by launching new vehicle categories, such as micro-SUVs and mid-size pickup trucks, to cater to diverse customer segments. Strict emission regulations and fuel efficiency standards are pushing automakers to adopt advanced manufacturing technologies, including 5-axis CNC machining centers. These systems enable cost-effective production of automotive parts and components with high precision. Despite the popularity of 3-axis machining, 5-axis CNC systems are increasingly preferred for turning and milling operations. The increasing demand for automobiles, particularly in oil-importing countries like India and China, will drive the growth of the 5-axis CNC machining centers market in the forecast period. The low gasoline prices are also fueling investment in the automotive sector, leading to higher adoption of these advanced manufacturing technologies.
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Research Analysis
The 5-axis CNC machining centers market represents the latest evolution in advanced machining systems, offering unparalleled precision and adaptability for industrial operations. These systems enable the production of complex parts with intricate geometries, reducing setup times and increasing efficiency. 5-axis machining centers utilize both linear axes for X, Y, and Z movements, as well as rotating axes for B and C movements, allowing for multi-sided machining. Industries such as medical, aerospace, petroleum, and metal fabrication benefit greatly from these high-precision components. Hybrid manufacturing, combining 5-axis machining with other processes like additive manufacturing, further expands the capabilities of these systems. Vertical and horizontal machining centers are common types, each with their unique advantages. Cycle time and material handling are critical factors in optimizing manufacturing processes, while quality improvement and changeover time are essential for maintaining competitiveness. Computer Numerical Control (CNC) technology ensures precise tool movement, and the manufacturing process is streamlined through efficient setup and production processes.
Market Research Overview
The 5-axis CNC machining centers market encompasses advanced machining systems designed for manufacturing complex parts with high precision and adaptability. Industrial operations rely on these systems to produce intricate components with minimal setup times and increased manufacturing efficiency. 5-axis technology incorporates linear axes for X, Y, and Z movements, as well as rotating axes for B and C axes, enabling multisided machining and manufacturing of complex geometries. Industries such as medical, aerospace and defense, petroleum, and automotive benefit from the production of high precision components using these systems. Hybrid manufacturing, subtractive processes, and CNC programming are integral to the manufacturing process, requiring specialized training for operators. Real-time monitoring, toolpath optimization, and smart instruments enhance the production process, reducing cycle time and changeover time. Vertical and horizontal machining centers cater to various industries, including aerospace, defense, commercial aviation, electric vehicles, and general machinery. The integration of industrial robots and advanced manufacturing solutions further streamlines manufacturing processes, ensuring labor safety and quality improvement.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
End-userAutomotiveAerospaceMetal FabricationOthersProductVertical 5-axis CNC Machining CentersHorizontal 5-axis CNC Machining CentersGeographyAPACNorth AmericaEuropeSouth 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
Technology
Modal Signs Strategic Collaboration Agreement with AWS to Deliver Accelerated Generative AI Solutions
Published
24 minutes agoon
November 25, 2024By
NEW YORK, Nov. 25, 2024 /PRNewswire/ — Modal, a serverless compute platform designed for AI workloads, today announced it signed a Strategic Collaboration Agreement (SCA) with Amazon Web Services (AWS) to help businesses — from startups to enterprises — develop and deploy artificial intelligence (AI) products faster through its purpose-built platform for graphics processing unit (GPU)-accelerated workloads.
Modal’s platform enables AI teams to quickly spin up GPU-enabled containers in as little as one second, facilitating rapid iteration and seamless autoscaling for production workloads. By leveraging the security, resiliency, and scalability of AWS, Modal has experienced rapid growth, attracting generative AI startups seeking flexible, powerful compute without the need for long-term commitments or extensive infrastructure management.
“We’re excited to deepen our collaboration with AWS, as their infrastructure empowers us to better serve the growing ecosystem of AI companies,” said Erik Bernhardsson, founder and CEO of Modal. “Together, we aim to accelerate the development and deployment of the next generation of AI applications by providing a seamless, scalable platform that works with the AWS services our customers already rely on.”
Modal’s platform abstracts away the complexities of GPU infrastructure management, allowing AI teams to focus on building innovative solutions. By combining Modal’s seamless developer experience with the breadth and depth of AWS services, customers can leverage the best of both worlds – a purpose-built platform for AI workloads backed by the proven scalability, performance, and security of AWS.
Mike Cohen, Head of AI & ML Engineering at Substack, a Modal customer, shared, “Our ML team loves Modal because it accelerates research and development, and deployment, while seamlessly integrating with our AWS-based infrastructure. This strategic collaboration will make it easier for us to build even more ambitious machine learning (ML) and AI features in the future.”
“At AWS, we’re committed to supporting innovative companies that drive technological advancement and address critical customer needs,” said Jon Jones, Vice President and Global Head of AWS Startups. “Modal’s traction in providing flexible, scalable, and immediate access to GPU resources for AI companies is impressive. We believe Modal’s offering has the potential to empower many leading AI companies to build and scale their solutions more effectively. We look forward to working closely with Modal to help them deliver positive outcomes for their customers.”
This collaboration underscores the value of Modal and AWS to provide flexibility and unlock greater business value for customers across industries. As part of this collaboration, Modal will enhance its enterprise offering, including listing in AWS Marketplace and investing in technical integrations like AWS PrivateLink, to better serve customers with specific security and privacy requirements. Modal will also showcase its container technology for AI at AWS re:Invent in December 2024.
For more information please visit: https://modal.com/
Media Contact: press@modal.com
View original content:https://www.prnewswire.com/news-releases/modal-signs-strategic-collaboration-agreement-with-aws-to-deliver-accelerated-generative-ai-solutions-302315795.html
SOURCE Modal
Technology
Defense IT Spending Market to Grow by USD 23.53 Billion (2024-2028), Driven by Autonomous Systems Development, Market Evolution Powered by AI – Technavio
Published
24 minutes agoon
November 25, 2024By
NEW YORK, Nov. 25, 2024 /PRNewswire/ — Report on how AI is driving market transformation – The global defense IT spending market size is estimated to grow by USD 23.53 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 4.49% during the forecast period. Development of autonomous systems is driving market growth, with a trend towards adoption of artificial intelligence (AI) and machine learning (ML). However, issues related to digital sovereignty poses a challenge.Key market players include Accenture Plc, Amazon.com Inc., BAE Systems Plc, CRON AI, Cubic Corp., CyAmast Pty Ltd., Dell Technologies Inc., General Dynamics Corp., Hewlett Packard Enterprise Co., Holo Light GmbH, International Business Machines Corp., Kratos Defense and Security Solutions Inc., Leidos Holdings Inc., ManTech International Corp., Microsoft Corp., Northrop Grumman Corp., Oracle Corp., Pennant International Group PLC, Science Applications International Corp. Inc., and Palantir Technologies Inc..
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Forecast period
2024-2028
Base Year
2023
Historic Data
2018 – 2022
Segment Covered
Type (Service, Software, and Hardware), Application (Cyber security, IT infrastructure, Logistic and asset management, and Others), and Geography (North America, APAC, Europe, Middle East and Africa, and South America)
Region Covered
North America, APAC, Europe, Middle East and Africa, and South America
Key companies profiled
Accenture Plc, Amazon.com Inc., BAE Systems Plc, CRON AI, Cubic Corp., CyAmast Pty Ltd., Dell Technologies Inc., General Dynamics Corp., Hewlett Packard Enterprise Co., Holo Light GmbH, International Business Machines Corp., Kratos Defense and Security Solutions Inc., Leidos Holdings Inc., ManTech International Corp., Microsoft Corp., Northrop Grumman Corp., Oracle Corp., Pennant International Group PLC, Science Applications International Corp. Inc., and Palantir Technologies Inc.
Key Market Trends Fueling Growth
Defense IT spending continues to grow as Defense Forces, Homeland Security, and Paramilitary Forces prioritize modernization. Key areas of focus include Cybersecurity to protect National defense data from Cyberattacks, Communication Systems for Secure communications, and Intelligence Technologies for data analysis. IT Infrastructure, Cloud Computing, and Software solutions are essential for Defense operations and Military Capabilities. Geopolitical Tensions fuel the demand for advanced IT Solutions such as 5G, Artificial Intelligence, and Autonomous Systems. Defense IT systems require Cutting edge technologies like Decision science platforms, Sensor systems, Actuators, and Control systems for Battlefield management in a Network centric environment. IT Spending on hardware, services, and IT technologies for Unmanned Systems, Smart weapons, and Virtual/Augmented Reality technology also increase. Government Policies and Defense Modernization initiatives drive investments in Healthcare IT, IoT analytics, and Military infrastructures. Overall, Defense IT spending remains a critical area of investment for enhancing Military capabilities and responding to evolving threats.
The global defense IT spending market is witnessing a significant increase in the adoption of artificial intelligence (AI) and machine learning (ML) technologies. These innovations are gaining popularity among governments and defense organizations due to their potential to bolster military capabilities, streamline decision-making processes, and fortify national security. Autonomous systems, such as robotic systems, unmanned vehicles, and drones, are among the primary applications of AI and ML in the defense sector. These systems, which operate without human intervention, can carry out essential military tasks, including target detection, surveillance, reconnaissance, and combat operations. The integration of AI and ML in defense IT spending is a strategic investment for enhancing military readiness and effectiveness.
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Market Challenges
Defense IT spending continues to grow as Defense Forces, Homeland Security, and Paramilitary Forces invest in advanced IT solutions to enhance their capabilities. Challenges include securing cybersecurity for national defense data and secure communications. IT infrastructure, cloud computing, and data analytics are key areas of focus. Defense IT systems require the latest software, hardware, and services to support defense operations and military actions. Geopolitical tensions increase the need for modernization, with IT spending on intelligence technologies, 5G, artificial intelligence, and autonomous systems. Cyberattacks threaten defense IT infrastructure, making cybersecurity a top priority. IT technologies like sensors, VR/AR technology, and IoT analytics support battlefield management and decision-making in a network centric environment. Defense IT spending also covers healthcare, unmanned systems, and military infrastructures. Smart weapons, actuators, control systems, and flight simulators are essential for military readiness. Government policies and defense modernization initiatives drive IT investments in defense IT systems and IT technologies. Overall, defense IT spending is critical for maintaining military capabilities and staying ahead of the curve in the digital transformation.In the defense sector, the increasing use of digital technology, including augmented reality, necessitates prioritizing data privacy and protection from cyber threats. However, the involvement of cross-border data transfers in defense IT spending poses challenges due to the need for digital sovereignty. Dependency on foreign technology providers for IT systems and infrastructure can limit ownership and control over military capabilities, potentially jeopardizing digital sovereignty. Developing domestic defense IT capabilities is essential to maintain digital sovereignty, but it requires a significant investment of time and resources.
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Segment Overview
This defense it spending market report extensively covers market segmentation by
Type1.1 Service1.2 Software1.3 HardwareApplication 2.1 Cyber security2.2 IT infrastructure2.3 Logistic and asset management2.4 OthersGeography 3.1 North America3.2 APAC3.3 Europe3.4 Middle East and Africa3.5 South America
1.1 Service- The global defense IT spending market encompasses various service segments catering to defense organizations’ unique IT needs. These segments include Consulting Services, Systems Integration, Application Development and Maintenance, Managed Services, Cybersecurity Services, Training and Support Services, and Data Analytics Services. Military firms rely on Consulting Services for strategic advice on digital transformation, cybersecurity, data analytics, and technology adoption. Systems Integration ensures seamless communication and interoperability by integrating defense IT systems, tools, and software. Application Development and Maintenance create and manage specialized software applications for defense companies. Managed Services outsource IT tasks to vendors for cost savings and productivity gains. Cybersecurity Services protect critical infrastructure and private military data from cyber threats. Training and Support Services optimize IT system usage and performance. Data Analytics Services extract valuable insights from defense data for informed decision-making and operational efficiency improvements. These essential services enable defense organizations to adapt to technology landscapes, enhance capabilities, and drive the growth of the defense IT spending market.
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Research Analysis
The Defense IT Spending market is a critical sector that continues to evolve, driven by the increasing demand for advanced technologies to support Defense Forces, Civilian Forces, Homeland Security, and other government agencies. This market encompasses various domains, including Cybersecurity, Communication Systems, Intelligence Technologies, IT Infrastructure, Cloud Computing, Data Analytics, and more. Cutting-edge technologies such as Cybersecurity solutions, 5G networks, Artificial Intelligence (AI), Autonomous systems, and Internet of Things (IoT) analytics are increasingly being adopted to enhance security, improve communication, and optimize decision-making in a network centric environment. Additionally, Defense IT infrastructure supports the development of Smart weapons, Battlefield management systems, Decision science platforms, and Healthcare solutions. Communication Systems enable secure and reliable communication between forces, while Intelligence Technologies provide real-time data analysis and actionable insights. VR/AR technology, Flight simulators, and Sensors are also integral to the Defense IT Spending market, enabling advanced training and simulation capabilities. Overall, this market is undergoing a digital transformation, with a focus on integrating the latest technologies to enhance operational effectiveness and improve mission success.
Market Research Overview
The Defense IT Spending market is a critical sector that focuses on providing advanced IT solutions to Defense Forces, Homeland Security, and Paramilitary Forces worldwide. This market encompasses various IT sectors, including Cybersecurity, Communication Systems, Intelligence Technologies, IT Infrastructure, Cloud Computing, Data Analytics, and more. Defense IT systems are essential for military capabilities, ensuring secure communications, battlefield management, and decision-making in a network centric environment. The market is driven by Geopolitical Tensions, Defense Modernization, and Government Policies, leading to increased IT Spending on cutting-edge technologies such as 5G, Artificial Intelligence, Autonomous Systems, and Digital Transformation. Cybersecurity is a significant concern, with Defense Forces and National Defense Data at risk from cyberattacks. IT Solutions in this sector include Software, Hardware, and Services to protect against threats and ensure secure data transfer. Communication Systems, including sensors, actuators, and control systems, are crucial for military operations, while Unmanned Systems and VR/AR technology provide advanced training capabilities. Defense IT infrastructure also includes IT technologies for healthcare, military infrastructures, and IoT analytics for military actions. Smart weapons, sensors, and actuators are integral components of defense operations, while IT technologies such as flight simulators and battlefield management systems enable effective military decision-making. Overall, the Defense IT Spending market is a dynamic and evolving sector that continues to adapt to the changing needs of defense organizations worldwide.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
TypeServiceSoftwareHardwareApplicationCyber SecurityIT InfrastructureLogistic And Asset ManagementOthersGeographyNorth AmericaAPACEuropeMiddle East And AfricaSouth America
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/
View original content to download multimedia:https://www.prnewswire.com/news-releases/defense-it-spending-market-to-grow-by-usd-23-53-billion-2024-2028-driven-by-autonomous-systems-development-market-evolution-powered-by-ai—technavio-302314285.html
SOURCE Technavio
5-Axis CNC Machining Centers Market to Grow by USD 792.5 Million (2024-2028), Driven by Self-Optimized Cutting, AI Transforming Market Landscape – Technavio
Modal Signs Strategic Collaboration Agreement with AWS to Deliver Accelerated Generative AI Solutions
Defense IT Spending Market to Grow by USD 23.53 Billion (2024-2028), Driven by Autonomous Systems Development, Market Evolution Powered by AI – Technavio
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