Blockchain Press Releases
Naval Communication Market worth $4.3 billion by 2028 – Exclusive Report by MarketsandMarkets™
CHICAGO, July 3, 2023 /PRNewswire/ — The global market for naval communication market is estimated to be USD 3.3 billion in 2023 and expected to reach USD 4.3 billion by 2028 at a CAGR of 5.3% from 2023 to 2028 according to a new report by MarketsandMarkets™. One major driver of the naval communication market is the increasing focus on maritime security and the need for advanced communication capabilities to support naval operations.
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Browse in-depth TOC on “Naval Communication Market”
200 – Tables
55 – Figures
210 – Pages
Naval Communication Market Report Scope:
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Report Coverage  |
Details |
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Market Revenue in 2023 |
$3.3 billion |
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Estimated Value by 2028 |
$4.3 billion |
|
Growth Rate |
Poised to grow at a CAGR of 5.3% |
|
Market Size Available for |
2019–2028 |
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Forecast Period |
2023–2028 |
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Forecast Units |
Value (USD Million/Billion) |
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Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
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Segments Covered |
By Platform, System Technology, Application and Region |
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Geographies Covered |
North America, Europe, Asia Pacific, and Rest of World |
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Key Market Challenge |
Cybersecurity risks |
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Key Market Opportunities |
Adoption of 5G technology |
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Key Market Drivers |
Increasing geopolitical tensions and defense budgets |
The rising geopolitical tensions, territorial disputes, and evolving security threats drive the demand for robust communication systems that enhance situational awareness, interoperability, and command and control capabilities. Additionally, the growing emphasis on naval modernization programs and the deployment of advanced sensor systems and unmanned platforms further fuel the demand for integrated communication solutions. Technological advancements, Defense budgets of nations, and the pursuit of naval power projection also contribute to driving the market forward.
The naval satcom systems segment is projected to witness the highest CAGR during the forecast period.
The naval satcom system is anticipated to experience the highest CAGR in the naval communication industry. Naval forces rely on satcom systems for secure and reliable communication, data exchange, and real-time information sharing. The increasing demand for maritime surveillance, remote sensing, and intelligence gathering drives the need for enhanced satcom capabilities. The ability to establish long-range and beyond-line-of-sight communication links using satellites is crucial for naval operations in remote or geographically dispersed areas.
The ships segment is projected to dominate the naval communication market by platform. The ships segment is expected to witness a highest CAGR in the naval communication market. Ships serve as vital platforms for naval operations, necessitating robust communication systems. The increasing focus on maritime security, naval modernization programs, and the need for enhanced operational capabilities drive the demand for advanced communication solutions in the ships segment. Ships require reliable and seamless communication for coordination, command, and control purposes. With the deployment of advanced sensor systems, unmanned platforms, and surveillance equipment on naval ships, there is a growing requirement for integrated communication solutions that support efficient information exchange. These factors contribute to the anticipated high CAGR in the ships segment of the naval communication market.
The command-and-control segment of the naval communication market by application is projected to dominate the market. Command and control systems are crucial for effective coordination, situational awareness, and decision-making in naval operations. As the complexity of naval missions increases, there is a growing demand for advanced command and control solutions. Naval forces require integrated communication systems that can handle diverse data, voice communication, and video feeds from multiple platforms and sensors. Command and control systems enable centralized command centres to monitor and manage the battlefield, disseminate critical information, and provide actionable intelligence to operational units.
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North America is expected to account for the largest share in 2023.
The naval communication market industry has been studied in North America, Europe, Asia Pacific, and Rest of the World. North America is poised to have the largest market share in the naval communication market. The region’s dominance can be attributed to several factors, including the presence of major Defense contractors, advanced naval capabilities, and significant Defense budgets. The United States, in particular, holds a strong position in the market, driven by its robust naval force and technological advancements in the Defense sector. The country allocates substantial resources to naval modernization programs and the development of advanced communication systems for its naval fleet. Companies such as General Dynamics and Lockheed Martin, headquartered in North America, contribute to the region’s market leadership.
Major players operating in the naval communication companies are Honeywell International Inc. (US), General Dynamics Corporation (US), Lockheed Martin Corporation (US), BAE Systems plc (UK), and Elbit Systems Ltd. (Israel) among others are some of the market players.
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GZIRA, Malta, Nov. 28, 2024 /PRNewswire/ — Popular iGaming content provider BGaming has secured a highly sought-after licence in Peru, marking a significant milestone in its expansion across LatAm.
BGaming’s technical system of gaming software and its engaging portfolio have been officially approved by the gambling regulator Mincetur, a national administrative authority which implements and oversees all aspects of online gaming and sports betting in Peru. By receiving the B2B certification, BGaming broadens its appeal with local licenced operators in the newly regulated market.
The licence also opens up more opportunities for BGaming to expand its business and strengthen its position in the wider LatAm region, where it has enjoyed significant attention in the last 12 months.
Marina Ostrovtsova, CEO at BGaming, said: “Securing the Peru licence marks a pivotal moment in BGaming’s global expansion. This certification not only strengthens our presence in Latin America but also underscores our commitment to bringing high-quality, immersive gaming experiences to new audiences.
“We are excited about the opportunities this will unlock, both in terms of growth and the reception of our slots in this new market.”
BGaming is a fast-growing iGaming content provider converting gambling into gaming. Thanks to an expert team and a player-driven approach, the studio creates innovative and engaging products featured on reputable platforms and 1,000+ online casinos worldwide. BGaming is the world’s first to support cryptocurrencies and offer Provably Fair games. Today the brand’s portfolio includes 100+ products with HD graphics and a clear user interface for every device. The studio is also known for its brand exclusives created in partnerships with leading operators in the industry.
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TAIPEI, Nov. 28, 2024 /PRNewswire/ — KryptoGO, a leader in Web3 financial infrastructure, has taken another groundbreaking step to ensure unparalleled user and enterprise safety by completing a rigorous security audit aligned with industry-leading methodologies. This milestone solidifies KryptoGO’s position alongside globally trusted platforms like 1Password, Metamask, and Trust Wallet, known for their exceptional security standards.
The audit, conducted with methodologies comparable to those used for 1Password—a benchmark in secure password management—focused on ensuring KryptoGO’s mobile applications, backend systems, and API endpoints meet the highest security standards. 1Password’s robust security features, such as end-to-end encryption, zero-knowledge architecture, and constant vulnerability testing, serve as the foundation for KryptoGO’s enhanced protection framework.
Demonstrating Excellence in Cybersecurity
KryptoGO has consistently showcased its expertise in security through achievements in prominent cybersecurity competitions and hackathons. Recognized for exceptional performance in events like 2024 BlazCTF, ETH Tokyo Hackathon, and ETH Taipei Hackathon, KryptoGO has solidified its reputation as a trusted innovator.
This audit marks another significant step forward, addressing potential vulnerabilities and reaffirming KryptoGO’s ability to safeguard user assets in an increasingly complex Web3 landscape. Notably, the findings resulted in a 50% reduction in vulnerabilities compared to prior assessments, demonstrating tangible progress in security hardening.
Why Security in Web3 Wallets Matters
In the Web3 ecosystem, wallets act as critical gateways, holding sensitive keys that grant users exclusive control over their digital assets. A single security lapse can lead to catastrophic consequences, including the loss of assets and the erosion of user trust.
Recognizing this, KryptoGO employs a multi-layered approach to private key management, ensuring the highest levels of security and reliability for its users:
- Device-Level Encryption: Private keys are encrypted with a Device Encryption Key and securely stored in the device’s protected environment (Keychain for iOS and Keystore for Android). Access to these keys is tightly controlled through biometric authentication, preventing unauthorized access.
- Password Protection with Argon2: For users who opt for password backups, KryptoGO utilizes Argon2-HMAC-SHA256 with 310,000 iterations to derive an Account Unlock Key (AUK). This industry-standard process, aligned with NIST guidelines, offers robust resistance to brute-force attacks while ensuring compatibility across a broad range of devices.
- Cloud Backup with Shamir’s Secret Sharing: To enhance convenience and accessibility, KryptoGO employs Shamir’s Secret Sharing Scheme (SSS) for password-free cloud backups. This approach splits private keys into multiple fragments (Key Shares) stored across diverse platforms like iCloud and Google Drive. Restoration is possible with any two fragments, ensuring data availability without compromising security.
These measures collectively address the most critical challenges in wallet security:
- Token Integrity: Robust lifecycle management prevents impersonation or unauthorized access.
- Advanced Encryption Standards: Sensitive wallet data and transactions are safeguarded by cutting-edge cryptographic techniques.
- Resilience Against Data Loss: Diverse and secure backup options ensure users can recover their wallets without fear of permanent loss.
- Access Control Enhancements: Multi-layered authentication mechanisms safeguard accounts.
- Secure APIs: Backdoor vulnerabilities and information leaks are actively prevented.
Results That Build Trust
The rigorous Cure53 audit, leveraging white-box and gray-box penetration testing, verified KryptoGO’s resilience against security threats. Cure53’s global reputation for securing critical systems further amplifies the credibility of KryptoGO’s security achievements. The resolution of key vulnerabilities identified during the audit, including token mismanagement and API access concerns, reflects KryptoGO’s dedication to continuous improvement and operational excellence.
Raising the Bar for Web3 Security
By achieving security certifications on par with 1Password and other leading platforms, KryptoGO has set a new benchmark for wallet safety in the Web3 era. These advancements empower users to confidently manage their digital assets while positioning KryptoGO as the trusted partner for enterprises seeking high standard and scalable blockchain solutions.
About KryptoGO
KryptoGO is a pioneer in Web3 solutions, providing secure, compliant, and user-friendly wallet services. Focused on stablecoin payment infrastructure and asset management, KryptoGO empowers businesses to seamlessly transition into the decentralized economy, backed by cutting-edge technology and industry best practices.
For more information on how KryptoGO can support your Web3 business needs, please visit www.kryptogo.com or contact us directly.
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DUBAI, UAE, Nov. 28, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, unveiled a new candidate for a potential Bybit Spot listing via ByVotes, HPOS10I (HarryPotterObamaSonic10Inu). Voting is now open for Bybit users with an opportunity to divide a prize pool of 1,800,000 HPOS10I.
From now to Nov. 29, 8AM UTC, supporters of HPOS10I may cast their votes for the project in two simple steps: deposit eligible assets into their Bybit account to produce a holdings snapshot, and head over to ByVotes to cast their votes. With sufficient votes from the community, the project will be listed on Bybit Spot, and the voters will receive a share of the airdrop from HPOS10I.
The iconic memecoin was the first of its kind to fuse the realm of fantasy and the chaotic lure of crypto, leaving its mark in crypto history since its launch in May 2023. It is known for its vibrant community, the Sproto Gremlins, an NFT collection of 3,333 exclusive unique manifestations of HPOS10I’s egregore.
Bybit has recently revamped ByVotes to raise the bar for listing requirements and yield more power to the community. Users now have more control over the number of votes they get by increasing holdings or by referrals, while unlocking more earning potentials from project listings.
The new mechanism enhanced both project quality and community engagements. A variety of tokens have achieved 100% listing odds via ByVotes, including CHILLGUY, LUCE, and NEIROCTO, among others. Multiple projects featured exclusive airdrops for the community that helped them become listed on Bybit Spot.
ByVotes provides an arena for niche projects where participants stand to be rewarded from various prize pools if the projects they vote for succeed in getting listed status on Bybit Spot: ByVotes Spot.
#Bybit / #TheCryptoArk
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.
For more details about Bybit, please visit Bybit Press
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