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Connected Aircraft Market worth $16.5 Billion by 2028 – Exclusive Report by MarketsandMarkets™

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CHICAGO, July 28, 2023 /PRNewswire/ — The Connected Aircraft Market size is projected to grow from USD 10.0 billion in 2023 to USD 16.5 billion by 2028, at a CAGR of 10.6 % from 2023 to 2028 according to a new report by MarketsandMarkets™. Connected aircraft generate vast amounts of data, including flight performance, engine health, weather conditions, etc. This data can be analyzed to gain valuable insights, optimize flight routes, predict maintenance needs, and enhance safety.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=263508082

Browse in-depth TOC on “Connected Aircraft Market” 

121 – Tables
61 – Figures
230 – Pages

Connected Aircraft Market Report Scope:

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Report Coverage

Details

Market Revenue in 2023

$10.0 billion

Estimated Value by 2028

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$16.5 billion

Growth Rate

Poised to grow at a CAGR of 10.6%

Market Size Available for

2019–2028

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Forecast Period

2023–2028

Forecast Units

Value (USD Million/Billion)

Report Coverage

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Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

By Type, Platform, Connectivity & Region

Geographies Covered

North America, Europe, Asia Pacific, and Rest of World

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Key Market Challenge

Lack of skilled labor

Key Market Opportunities

Increased focus on predictive maintenance

Key Market Drivers

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Growing demand to increase the airline operational efficiency

The Software segment is projected to hold the largest market share during the forecast period.

The software segment is projected to hold the largest market share during the forecast period based on the type. The aviation industry is witnessing rapid advancements in software technologies, including artificial intelligence (AI), machine learning, data analytics, and cloud computing. These innovations have paved the way for more sophisticated and efficient software solutions that enhance connectivity and communication capabilities in aircraft.

The Commercial aviation segment is expected to have a higher market share in 2023.

Based on the platform, the commercial aviation segment is expected to hold a higher market share in 2023. Commercial airlines cater to many passengers traveling for various purposes, including business and leisure. As the demand for in-flight connectivity and services grows among passengers, commercial airlines are keen on adopting connected aircraft technology to enhance the overall passenger experience.

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An in-flight connectivity segment to have comparatively higher growth during the forecast period.

Based on connectivity. The in-flight connectivity segment is expected to grow the highest during the forecast period. With the increasing reliance on digital devices and the internet in everyday life, passengers now expect connectivity and internet access during their flights. In-flight connectivity meets this demand, allowing travelers to stay connected, work, browse the internet, access social media, and stream entertainment content while in the air.

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North America is expected to account for the largest share in 2023.

The Connected Aircraft Industry has been studied in North America, Europe, Asia Pacific, and Rest of the World. North America accounted for the largest market share in 2023 and is projected to witness the highest CAGR during the forecast period. North America has a robust and extensive commercial aviation industry. The region is home to major airlines, aircraft leasing companies, and a significant number of aircraft in operation. This scale of operations creates a substantial market for connected aircraft solutions. The region has also been an early adopter of connected aircraft technologies, with several airlines and aircraft operators offering in-flight connectivity and advanced avionics systems for a long time. This early adoption has given North America a head starts in the market.

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Major players operating in the Connected Aircraft Companies include Honeywell International (US), Raytheon Technologies (US), Thales Group (France), Viasat Inc (US), and Gogo Inc (US) are some of the major players.

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Browse Adjacent Market: Aerospace and Defence Market Research Reports &Consulting

Related Reports: 

In-flight Entertainment & Connectivity Market by Product (IFE Hardware, IFE Connectivity, IFE Content), Class, Aircraft Type (Narrow Body Aircraft, Wide Body Aircraft, Business Jets), End User and Region 2026

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Aircraft Health Monitoring Market by Platform (Civil, Military, & Advanced Air Mobility Aviation), Installation (Onboard, On Ground), Fit (Linefit, Retrofit), End User, Solution, Technology, System, Operation Mode and Region – Global Forecast to 2028

Electronic Flight Bag (EFB) Market by Component (Hardware and Software), End User (OEM, Aftermarket), Application, Platform (Commercial Aviation, Business and General Aviation, and Military Aviation), and Region – 2026

Crew Management Systems Market by Application (Crew Planning, Crew Services, Crew Training, Crew Operations), System (On-Cloud, Server Based), Device (Smartphones, PCS, Tablets), and Region – Global Forecast to 2022

Avionics Market by System (Navigation, Payload & Mission Management, Traffic & Collision Management, Communication, Power & Data Management, Weather Detection, Flight Management, Electronic Flight Display), Fit, Platform & Region – Global Forecast to 2027

About MarketsandMarkets™

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MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Aashish Mehra

MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]
Visit Our Web Site: https://www.marketsandmarkets.com/
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/connected-aircraft-market.asp
Content Source: https://www.marketsandmarkets.com/PressReleases/connected-aircraft.asp

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Avalanche Joins Forces with Stripe: Transforming Crypto Purchases Across the US

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Avalanche, a leading blockchain platform, has partnered with Stripe to enhance the accessibility of its ecosystem. This strategic collaboration integrates Stripe’s fiat-to-crypto onramping capabilities directly into Avalanche’s C-Chain, enabling retail users to purchase the native cryptocurrency, AVAX, without the complexities of traditional crypto exchanges.

Integration and User Experience Enhancement

The integration aims to simplify the process of acquiring AVAX by embedding Stripe’s onramp as a customizable widget within various Avalanche decentralized applications (dApps). These dApps include decentralized exchanges (DEXes), NFT platforms, and digital wallets, facilitating a seamless and streamlined user experience. By leveraging Stripe’s infrastructure, users can easily fund their accounts using various payment methods, including ACH transfers and credit/debit cards.

Core Wallet Integration

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A key component of this collaboration is the integration into Core, Avalanche’s native ecosystem wallet developed by Ava Labs. Core wallet users can now directly fund their wallets via the Stripe widget, making it easier to engage with the Avalanche network. The wallet setup process is straightforward, allowing new users to create accounts using Gmail or Apple ID, thereby reducing the barriers to entry into the crypto space.

Addressing Web3 Challenges

This integration addresses several challenges commonly faced in the Web3 ecosystem, such as the “cold start problem,” where users lack initial funds to participate in transactions. Stripe’s onramp handles essential elements like KYC, payments, fraud prevention, and compliance, allowing dApps to focus on enhancing user experience rather than dealing with regulatory complexities.

The initiative is supported by key players in the Avalanche ecosystem, including GoGoPool, Avvy, Pakt, zeroone, Halliday, The Arena, Shrapnel, and DeFi Kingdoms. These partners, offering services from decentralized naming and gaming to financial and social interaction platforms, stand to benefit from the increased ease of access to digital asset transactions.

Promoting Web3 Adoption

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The collaboration between Avalanche and Stripe goes beyond simplifying transactions; it also aims to bridge the gap between traditional finance and the emerging Web3 landscape. By integrating a familiar and secure payment system, the partnership ensures that users, both new and existing, can navigate the cryptocurrency ecosystem with greater ease and confidence.

The leadership from both Ava Labs and Stripe has expressed enthusiasm about the partnership. Akash Gupta, Head of Consumer Products at Ava Labs, highlighted the commitment to user-centric solutions and broader adoption of digital currencies. John Egan, Head of Crypto at Stripe, noted that the initiative aligns with Stripe’s mission to democratize access to Web3 technologies, making them safer and more accessible to a global audience.

This strategic partnership is expected to accelerate consumer adoption, deepen user engagement, and reinforce Avalanche’s position as a leader in the blockchain industry.

Source: blockchainreporter.net

The post Avalanche Joins Forces with Stripe: Transforming Crypto Purchases Across the US appeared first on HIPTHER Alerts.

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BIGG Digital Assets Enhances Crypto Investigator Training with New Modules

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BIGG Digital Assets Inc. (CSE: BIGG, OTCQX: BBKCF), a prominent player in the Digital Asset, Blockchain, and Metaverse industries, has expanded its educational offerings through its subsidiary, Blockchain Intelligence Group (BIG). This expansion includes two new advanced training modules within the Certified Cryptocurrency Investigator (CCI) program, aiming to meet the increasing demand for specialized expertise in cryptocurrency investigations and compliance.

Overview of the New Advanced Training Modules

  1. Module 9: Hacks and Exploits in the Cryptocurrency Space
    • This module focuses on the various techniques employed by cybercriminals to exploit blockchain networks and digital assets. It includes comprehensive case studies of significant cryptocurrency hacks and exit scams, providing participants with a deep understanding of these threats. The training covers how to detect early warning signs and implement best practices to mitigate risks. Additionally, it addresses the role of the dark web in these activities, giving insights into how these criminal networks operate.
  2. Module 10: Cryptocurrency Compliance and Risk Management for Financial Institutions
    • Targeted at compliance officers, risk managers, and executives, this module provides in-depth training on establishing robust risk management frameworks and controls within financial institutions. It covers essential regulatory requirements, risk assessment methodologies, and due diligence processes necessary for safeguarding against cryptocurrency-related risks. This module also offers a standalone certification, Certified Cryptocurrency Investigator – Compliance (CCI-C), emphasizing its critical relevance in today’s regulatory landscape.

Significance and Industry Impact

Lance Morginn, President of BIG, highlighted the growing sophistication of cyber threats in the digital asset space, driven by increasing global adoption of cryptocurrencies. The new modules are designed to equip professionals with the necessary skills and intelligence to identify and counter these emerging threats. This initiative reflects BIG’s commitment to providing up-to-date and practical training that addresses the current and future challenges faced by the industry.

Robert Whitaker, overseeing Law Enforcement Affairs at BIG, emphasized the continuous evolution of BIG’s curriculum to keep pace with the rapidly changing digital asset landscape. This approach ensures that professionals are well-prepared to deal with both technical and regulatory aspects of cryptocurrency investigations and compliance.

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Certification and Professional Development

The new modules complete the Certified Cryptocurrency Investigator – Advanced (CCI-A) certification course, covering modules 6 to 10. This advanced certification is valid for one year, requiring a top-up course for renewal, which ensures that professionals remain current with the latest industry developments and best practices.

The foundational CCI certification has already been completed by over 2,500 professionals globally, including those from law enforcement, regulatory bodies, financial institutions, and the cryptocurrency sector. The courses are led by seasoned experts, including former federal agents and compliance officers, providing participants with invaluable practical knowledge and real-world insights.

Future Prospects

As the cryptocurrency industry continues to expand, the demand for specialized training and certifications like those offered by BIG will likely grow. These programs not only help professionals address existing challenges but also prepare them for future developments in the rapidly evolving digital asset space. Through these educational initiatives, BIGG Digital Assets Inc. and Blockchain Intelligence Group are making significant contributions to the security and integrity of the global cryptocurrency ecosystem.

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Source: cointrust.com

The post BIGG Digital Assets Enhances Crypto Investigator Training with New Modules appeared first on HIPTHER Alerts.

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Blockchain Intelligence Group adds additional modules and launches its Certified Cryptocurrency Investigator – Advanced Series

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BIGG Digital Assets Inc. has announced the launch of two new advanced modules in its Certified Cryptocurrency Investigator (CCI) training program through its subsidiary, Blockchain Intelligence Group (BIG). This expansion reflects the growing need for specialized knowledge in the digital asset and blockchain sectors, especially as these industries face increasingly sophisticated cyber threats.

New Modules Overview

  1. Module 9: Hacks and Exploits
    • This module provides an in-depth analysis of significant cryptocurrency hacks, exploits, and exit scams. It includes detailed case studies to help students understand the tactics employed by cybercriminals, identify early warning signs, and apply best practices for risk mitigation. The curriculum also covers the role of the dark web in facilitating these illegal activities.
  2. Module 10: Compliance and Risk Management
    • Aimed at professionals in financial institutions, this module covers comprehensive frameworks and controls for managing risks associated with cryptocurrencies. It includes regulatory requirements, risk assessment methodologies, and due diligence processes. The module offers a standalone certification, the Certified Cryptocurrency Investigator – Compliance (CCI-C), which is particularly valuable for compliance officers and risk managers.

Certification Details

The completion of these two modules, along with previous ones, leads to the Certified Cryptocurrency Investigator – Advanced (CCI-A) certification. This certification is valid for one year, after which professionals must complete a top-up course to maintain their certified status. The program is designed to equip investigators, compliance teams, and risk professionals with the latest intelligence and skills necessary to combat the challenges in the rapidly evolving digital asset landscape.

Industry Relevance

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As cryptocurrency adoption grows globally, the risks associated with blockchain networks and digital assets also increase. The introduction of these advanced modules is a proactive step by BIGG Digital Assets Inc. to address the need for continuous education and training in this dynamic field. The CCI program has already been adopted by over 2,500 professionals worldwide, including law enforcement, regulatory bodies, and financial institutions, demonstrating its critical role in enhancing industry standards and safeguarding against cyber threats.

Conclusion

BIGG Digital Assets Inc.’s continued investment in educational initiatives through the Blockchain Intelligence Group underscores the importance of preparedness and expertise in the cryptocurrency space. By staying at the forefront of training and compliance, the company supports the broader industry’s efforts to maintain security and integrity as digital assets become more integrated into global financial systems.

Source: globenewswire.com

The post Blockchain Intelligence Group adds additional modules and launches its Certified Cryptocurrency Investigator – Advanced Series appeared first on HIPTHER Alerts.

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