Blockchain Press Releases
Utility Communications Market to Garner $37.0 Billion, Globally, By 2032 at 5.7% CAGR: Allied Market Research
The global utility communications market is driven by the growing adoption of distributed energy resources (DERs) coupled with rise in demand for smart grid infrastructure.
PORTLAND, Ore., Aug. 4, 2023 /PRNewswire/ — Allied Market Research published a report, titled, “Utility Communications Market By Technology (Wired, Wireless), By Utility (Public, Private), By Component (Hardware, Software), By Application (Oil And Gas, Power Generation, Others), By End-Use (Residential, Commercial, Industrial): Global Opportunity Analysis And Industry Forecast, 2023-2032″. According to the report, the global utility communications industry generated $21.3 Billion in 2022, and is anticipated to generate $37.0 Billion by 2032, witnessing a CAGR of 5.7% from 2023 to 2032.
Request PDF Brochure: https://www.alliedmarketresearch.com/request-sample/15930
Prime determinants of growth
The global utility communications market is driven by the rising adoption of distributed energy resources (DERs) along with surge in demand for smart grid infrastructure. However, vulnerability to cybersecurity threats is anticipated to hinder the growth of the market. Nevertheless, technological advancement is expected to offer lucrative opportunities for market growth in the coming years.
Report Coverage & Details:
|
Report Coverage |
Details |
|
Forecast Period |
2023–2032 |
|
Base Year |
2022 |
|
Market Size in 2022 |
$21.3 Billion |
|
Market Size in 2032 |
$37.0 Billion |
|
CAGR |
5.7 % |
|
No. of Pages in Report |
400 |
|
Segments Covered |
Technology, Utility, Component, Application, End-Use, Region. |
|
Drivers |
Rise in demand for smart grid infrastructure |
|
Surge in adoption of distributed energy resources (DERs) |
|
|
Opportunities |
Technological advancement |
|
Restraints |
Vulnerability to cybersecurity threats |
Russia-Ukraine War Impact Analysis on the Utility Communications Market
- Infrastructure Damage: During periods of conflict and military operations, critical infrastructure, including communication networks and utility facilities, was damaged or destroyed. This damage disrupted utility communications, causing service outages and difficulties in monitoring and controlling utility infrastructure.
- Interruption of Cross-Border Communications: The Russia–Ukraine conflict involved both countries, and this resulted in restrictions on cross-border communications. Utility companies that rely on cross-border communication links or international connectivity for their operations experienced disruptions or limitations in their communication networks.
- Cybersecurity Concerns: During times of heightened geopolitical tensions, there was an increased risk of cyberattacks targeting critical infrastructure, including utility communications networks. Utility companies needed to strengthen their cybersecurity measures to protect their communication systems and prevent unauthorized access or disruptions.
- Regulatory and Policy Changes: In response to the conflict, governments introduced regulations and policies related to utility communications. Utility companies needed to adapt their communication systems and processes to comply with these new regulations.
- Shift in Investment Priorities: The Russia–Ukraine war and its aftermath led to a shift in investment priorities within the utility sector. Utility companies prioritized investments in infrastructure restoration, resilience, and security, including their communication networks. This led to increased spending on upgrading and modernizing utility communications infrastructure.
- Increased Demand for Redundancy and Resilience: The conflict highlightd the importance of redundancy and resilience in utility communications. Utility companies increased their investments in backup systems, redundant networks, and disaster recovery capabilities to ensure continuous communication and minimize the impact of any disruptions.
The wired segment to maintain its lead position during the forecast period.
Based on technology, the wired segment accounted for the largest share in 2022, contributing to nearly three-fifths of the global utility communications market revenue, and is projected to maintain its lead position during the forecast period. Wired communication systems are known for their reliability and consistent performance. These systems are commonly used by utility companies to manage and monitor critical infrastructure such as power grids, water distribution networks, natural gas pipelines, and other essential services. The wireless segment is projected to grow at a CAGR of 5.9% from 2023 to 2032. With rise in complexity of utility infrastructure and the need for seamless communication between different components, wireless communication provides a reliable and efficient way to connect devices and systems. It allows utilities to gather data from diverse sources and enable real-time monitoring and control.
Procure Complete Report (400 Pages PDF with Insights, Charts, Tables, and Figures) @ https://www.alliedmarketresearch.com/checkout-final/utility-communications-market
The public segment to maintain its lead position during the forecast period
Based on utility, the public segment accounted for the largest share in 2022, contributing to more than two-thirds of the global utility communications market revenue, and is projected to maintain its lead position during the forecast period. The utility industry has become more complex with the integration of advanced technologies and the rise of smart grids, smart meters, and other innovative systems. These technologies require robust communication networks to enable data exchange, remote monitoring, and control of utility assets. The surge in demand for public utility communications is driven by the need to manage this increase in complexity effectively. The private segment is projected to grow at a CAGR of 6.0% from 2023 to 2032. Utility companies deal with critical infrastructure and sensitive data, such as power generation, transmission, and distribution systems. Private utility communications provide a higher level of security compared to public networks, reducing the risk of cyber threats and unauthorized access.
The software segment to maintain its lead position during the forecast period
Based on component, the software segment accounted for the largest share in 2022, contributing to more than two-thirds of the global utility communications market revenue, and is projected to maintain its lead position during the forecast period. The same segment is projected to grow at a CAGR of 5.9% from 2023 to 2032. Software platforms enable utilities to gather real-time consumption data, monitor energy usage patterns, and provide accurate billing information to customers. Software utilities enable efficient data management, storage, and analysis, allowing utilities to derive valuable insights, optimize operations, and make informed decisions.
For Purchase Inquiry: https://www.alliedmarketresearch.com/utility-communications-market/purchase-options
Asia-Pacific to maintain its dominance by 2032
Based on region, Asia-Pacific held the highest market share in terms of revenuein 2022, accounting for more than half of the global utility communications market revenue and is likely to dominate the market during the forecast period. The same region is projected to grow at a CAGR of 5.9% from 2023 to 2032. The rise in demand for utility communications in the region is driven by rapid urbanization, infrastructure development, renewable energy integration, energy efficiency initiatives, the need to serve remote areas, the digitalization of utilities, and supportive government policies.
Leading Market Players: –
- GENERAL ELECTRIC
- OMICRON
- HITACHI, LTD.
- RAD
- SCHNEIDER ELECTRIC SE.
- CISCO SYSTEMS, INC.
- ABB
- MILSOFT UTILITY SOLUTIONS
- MOTOROLA SOLUTIONS, INC.
- ITRON INC.
The report provides a detailed analysis of these key players in the global utility communications market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
Trending Reports in Utility Communications Industry (Book Now with 10% Discount):
Digital Utility Market: Global Opportunity Analysis and Industry Forecast, 2023-2032
AI in Energy Market: Global Opportunity Analysis and Forecast, 2021-2031
Digital Oilfield Market: Global Analysis and Industry Forecast, 2021–2030
Digital Power Utility Market: Global Analysis and Forecast, 2023-2032
Digital Substation Market: Global Opportunity and Forecast, 2023-2032
About us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact us:
David Correa
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int’l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
[email protected]
Web: https://www.alliedmarketresearch.com/reports-store/energy-and-power
Follow Us on | Facebook | LinkedIn | YouTube
Logo: https://mma.prnewswire.com/media/636519/3950895/Allied_Market_Research_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/utility-communications-market-to-garner-37-0-billion-globally-by-2032-at-5-7-cagr-allied-market-research-301893655.html
DUBAI, UAE, Nov. 15, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, opens up the November arena for the Bybit Crypto Titans trading competition. Available for users in select regions, a prize pool of 55,000 USDT will be available for a limited time only.
From now to Nov. 30, eligible traders can level up their trading strategies and amplify their winning chances by inviting friends to share two prize pools in two simple steps: register for the event at the Grand Arena, and invite friends and trade.
Battlefields: Once in the Arena, users can pick their battlefields. Up to 30,000 USDT are up for grabs in the Team Battlefield ranked by total trading volume, while another 15,000 USDT is reserved for traders in the Solo Battlefield competing by PnL(%).
More perks: Additionally, top traders and leaders will receive extra perks. Participants will receive a bonus 5 USDT for every new qualified referee, and the first 50 Team Leaders whose team exceeds a threshold amount in trading volume will be entitled to a 100 USDT bonus.
“As trading volumes overall are climbing, we are seeing so many talented traders in our community with a knack for navigating fast-moving markets. This event gives some of them an incentive to share their passion with their friends, and there is room for rewards for the solo trading pros to shine as well,” said Joan Han, Sales and Marketing Director of Bybit.
Market sentiment and activities have been trending up in recent weeks globally, and the enthusiasm is shared among users in niche markets. While traders rush to capture opportunities in a heated market, the Crypto Titans competition encourages users to bring out the best trading game and hone their trading skills for healthier returns.
Find out more about Bybit’s Crypto Titans: November Showdown, terms and conditions apply.
#Bybit / #TheCryptoArk
About Bybit
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
For media inquiries, please contact: [email protected]
For more information, please visit: https://www.bybit.com
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
Photo – https://mma.prnewswire.com/media/2559070/Image.jpg
Logo – https://mma.prnewswire.com/media/2267288/5029737/Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/bybit-crypto-titans-november-arena-boasts-55-000-usdt-in-rewards-302307028.html
With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help finance journalists and consumers stay on top of the week’s most newsworthy and popular releases, here’s a recap of some major stories from the week that shouldn’t be missed.
The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that are available for download.
- Prosperity or catastrophe: #Insurance2040 study reveals four possible futures for the industry
By 2040, technological innovation driven by customer centricity could pave the way to greater climate resilience and more personalized offerings by the insurance industry. Alternatively, insurance could become a luxury afforded only to the wealthiest few. - Cardinal Health announces two strategic additions to its portfolio
Cardinal Health will acquire a majority stake in GI Alliance (GIA), the country’s leading gastroenterology (GI) management services organization (MSO), from a combination of GIA physician owners and funds managed by affiliates of Apollo. Cardinal Health will also acquire the Advanced Diabetes Supply Group (ADSG), one of the country’s leading diabetic medical supplies providers, for approximately $1.1 billion in cash. - BlackRock Launches New BUIDL Share Classes Across Multiple Blockchains to Expand Access and Potential of BUIDL Ecosystem
This initiative represents the next step in the evolution of the tokenization market, by enabling BUIDL to be used within leading blockchain-based financial products and infrastructure across ecosystems. - Primo Brands Corporation Announces Successful Completion of Merger of Primo Water and BlueTriton Brands
“I believe Primo Brands is positioned to be a leader in the healthy hydration beverage category, thanks to the strength of its iconic, sustainably-sourced brands, its robust operations and extensive North American network, and its responsible operation of numerous springs across the country,” said Dean Metropoulos, Non-Executive Chairman of the Board of Directors of Primo Brands. - Jackson Hewitt Tax Services Expands Workforce, Offering Job Opportunities Nationwide for Upcoming Tax Filing Season
The week-long event will launch the combined hiring of 18,000 employees to prepare for the upcoming tax filing season. The Jackson Hewitt hiring events are open to the public and include on-site interviews. Qualified candidates could receive a job offer immediately. - PNC Bank to Double Planned Branch Openings to More Than 200 Across Six States This announcement brings the bank’s total investment to approximately $1.5 billion to open more than 200 new branch locations in 12 cities across the U.S. over the next five years, while completing the renovations of 1,400 existing branches during the same time period.
- Alchemy Pay Expands Virtual Card Functionality with Google Pay Support The new card BINs added will significantly enhance the capabilities of crypto cards, expanding their support for a broader range of payment scenarios and improving transaction success rates. This advancement is particularly impactful when paired with Google Pay, one of the most popular and widely used digital payment platforms, trusted by millions for its convenience and security.
- Finaya Unveils Nationwide Homeownership Platform
From providing rich and current information about home values and property conditions, to finding helpful repair and remodeling providers, to shopping for and securing the right insurance, the platform simplifies the homeownership process, making it more accessible, convenient and efficient. - GenAI predicted to inspire revenue growth in 76% of businesses, but only 4% qualify as “leaders” in AI and analytics
Kearney’s report confirms that businesses are not only aware of how big data, AI, and analytics will impact revenue generation and enhance business strategies, but they are investing to stay ahead of the curve, too. - GameAbove Sports Acquires Meaningful Ownership Stake in Brisbane Bullets with NBA Legend George Gervin as Part of Ownership Team
This move marks a significant milestone for GameAbove Sports, a CapStone Holdings Inc. company, as it expands its influence on international basketball ahead of the Brisbane 2032 Olympics. - Most US shoppers are encountering generative AI while shopping without realizing it
A survey of 700 online shoppers in the US shows 71% are unaware of having used generative AI while shopping online even though most had recently shopped at retailers currently using it. 41% of customers say they would feel comfortable using a generative AI tool from a brand they trust.
For more news like this, check out all of the latest finance-related releases from PR Newswire.
Do you have a finance press release to distribute? Sign up with PR Newswire to share your story with the audiences who matter most.
Helping Journalists Stay Up to Date on Industry News
These are just a few of the recent press releases that consumers and the media should know about. To be notified of releases relevant to their coverage area, journalists can set up a custom newsfeed with PR Newswire for Journalists.
Once they’re signed up, reporters, bloggers, and freelancers have access to the following free features:
- Customization: Users can create customized newsfeeds that will deliver relevant news right to their inbox. Newsfeed results can be targeted by keywords, industry, subject, geography, and more.
- Photos and Videos: Thousands of multimedia assets are available to download and include in a journalist or blogger’s next story.
- Subject Matter Experts: Journalists will have access to ProfNet, a database of industry experts to connect with as sources or for quotes in their articles.
- Related Resources: Our journalist- and blogger-focused blog, Beyond Bylines, features regular media news roundups, writing tips, upcoming events, and more.
The post This Week in Finance News: 11 Stories You Need to See appeared first on .
Blockchain Press Releases
Blockchain for Good Alliance Hosts Web3 Oscar, Celebrating Innovators Advancing UN’s Sustainable Development Goals
DUBAI, UAE, Nov. 14, 2024 /PRNewswire/ — The highly anticipated Web3 Oscar, a prestigious event hosted by the Blockchain for Good Alliance (BGA), celebrating blockchain projects driving real-world impact aligned with the UN’s 17 Sustainable Development Goals (SDGs). Industry leaders gathered in Bangkok to honour innovators shaping a sustainable future.
The event was part of BGA’s November lineup, featuring two major initiatives for global change through blockchain: the Sustainable Innovation Summit and the Web3 Oscar Awards.
Sustainable Innovation Summit: A Hackathon for Social Impact
Held from September 9 to November 11, 2024, the Sustainable Innovation Summit hosted a hackathon with a $100,000 prize pool, inviting participants worldwide to create blockchain solutions addressing key issues such as poverty, clean water access, and gender equality. The summit concluded with a Demo Day at the Grand Hyatt Erawan in Bangkok, where finalists showcased their projects to blockchain pioneers, investors, and industry leaders, with opportunities for incubation support and equity-free funding.
Rising Stars
In a cinematic presentation style, 10 shortlisted projects from across the globe, participating in the Sustainable Innovation Summit’s 17 SDGs Challenge, took the stage. Each team presented their blockchain solutions to address sustainability challenges, telling the story of a “hero” confronting a global crisis (one of the 17 SDGs), with blockchain as the “tool” they wield for change.
Winners for the 17 SDGs Challenge:
- 1st Place: Grand Social Impact Award 🥇 EthicHub
- 2nd Place: Outstanding Social Innovation Award 🥈 Plastic Odyssey
- 3rd Place: Emerging Impact Award 🥉 ResearchHub
Rising Star Awards (top 10 projects, in no specific order):
- Wavy Health
- LAKE (LAK3)
- KulaDAO
- erable°
- arkreen
- UCO Network
- Edu3Labs
Web3 Oscar Awards: Honouring Leaders in Blockchain for Social Good
Coinciding with the hackathon’s Demo Day on November 11, the BGA Web3 Oscar Award recognizes individual contributions to blockchain for social good across three categories, with up to 7 total winners.
Each category highlights individual efforts aligning with BGA’s mission.
The Collaboration Bridge Award honours individuals who have played a vital role in guiding the strategic direction of the Blockchain for Good Alliance (BGA). This year’s recipients are:
- Harn, CEO of Trigger Asset Management
- Mariana de la Roche Wills from INATBA (International Association for Trusted Blockchain Applications) and de la Roche W. Consulting
The Public Welfare Contribution Award celebrates individuals who have harnessed #BlockchainForGood. This award was presented to:
- BreeAnne Yek, Consultant at The Verdant Room
- Milica Dimitrijevic from Positiveblockchain.io
These individuals have demonstrated remarkable dedication, guidance, and pioneering work, significantly advancing the mission of the Blockchain for Good Alliance (BGA) in promoting sustainable development through blockchain technology.
In her closing remarks, Helen Liu, Co-founder and COO of Bybit and founder of BGA, explained how blockchain can bring people together to make a real difference worldwide. Her vision for leveraging blockchain to create worldwide impact was both inspiring and forward-thinking.
About Blockchain for Good Alliance (BGA)
The Blockchain for Good Alliance (BGA) is a long term collaborative non-profit initiative with key partners with the main aim to contribute to societal good by using blockchain technology to solve real world problems. By convening leaders, innovators, and organisations from across the blockchain community, BGA seeks to drive innovation, collaboration, and action towards a more sustainable and equitable world.
For more information
Email: [email protected]
Website: www.blockchainforgood.xyz
Twitter: www.twitter.com/chainforgood
Photo – https://mma.prnewswire.com/media/2558063/Blockchain_Good_Alliance_Hosts_Web3_Oscar_Celebrating_Innovators_Advancing_UN_s.jpg
Logo – https://mma.prnewswire.com/media/2386817/Blockchain_For_Good_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/blockchain-for-good-alliance-hosts-web3-oscar-celebrating-innovators-advancing-uns-sustainable-development-goals-302305827.html
-
Blockchain Press Releases3 days agoNotabene Raises $14.5M in Series B Funding Led by DRW VC to Drive the Future of Stablecoins and Payments
-
Blockchain4 days ago
The First Cold Wallet for Miners: EMCD & Tangem Launching Limited Edition Wallets
-
Blockchain5 days agoBybit Web3 and Aptos Kick Off APT Ecosystem Airdrop
-
Blockchain Press Releases4 days agoMoby, Engages GSR to Enhance Liquidity and OTC Trading for Moby Token
-
Blockchain Press Releases5 days agoQCP Trading Receives In-Principle Approval for Major Payment Institution License in Singapore
-
Blockchain Press Releases3 days agoBybit WSOT 2024 Shatters Records with $100 Billion in Trading Volume, Redefining Crypto Trading Competition
-
Blockchain Press Releases5 days agoBitget Lists peaq (PEAQ) on Launchpool with 12,125,000 Tokens in Rewards
-
Blockchain5 days agoWAGMI Announces First Speakers and Featured Partners for the Biggest Blockchain Event in America
