In 2022, D-Link was the vendor with the highest number of vulnerable devices against the remote code execution vulnerability CVE-2021-35394. By contrast, Asus only had four vulnerable devices.
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This dataset aims to analyze persistent issues in IoT security, focusing on vendor responsibility. We investigate whether IoT-centric vendors perform worse than industry counterparts. Analyzing NVD data (30,056 CVEs) for 104 IoT vendors from January 2016 to November 2022, we consider factors like vendor size, location, and vulnerability disclosure policy. Our analysis reveals that IoT-centric vendors tend to produce more vulnerabilities.
Examining patching behavior, we collect unique data on the availability and timeliness of patches for 2,741 vulnerabilities (both IoT and non-IoT) from 104 leading vendors. Surprisingly, IoT-centric vendors are not worse; they release more patches on time compared to non-IoT-centric vendors. This dataset deepens understanding of IoT security factors and offers empirical insights for regulatory interventions to enhance IoT vendor security performance.
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In this study, we address potential source code vulnerabilities in some of the most commonly used IoT frameworks. We introduce IoTvulCode- a novel framework consisting of a dataset-generating tool, and ML-enabled methods for the detection of source code vulnerabilities and weaknesses as well as the initial release of an IoT vulnerability dataset. Our framework contributes to improving the existing coding practices, leading to a more secure IoT infrastructure. Additionally, IoTvulCode provides a solid basis for the IoT research community to explore the topic further.
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The Vulnerability Scanning Service market is projected to reach USD 2.7 billion by 2033, growing at a CAGR of 4.9% from 2025 to 2033. Increasing cyberattacks and data breaches, growing adoption of cloud and IoT devices, and stringent government regulations are driving market growth. The market is segmented by type into web vulnerability scanning, system vulnerability scanning, database vulnerability scanning, and others. By application, it is divided into SMEs and large enterprises. North America held the largest market share in 2025 and is expected to continue its dominance during the forecast period. Factors contributing to this include the presence of a large number of government and military organizations, financial institutions, and healthcare providers in the region. Additionally, the early adoption of advanced technologies and a strong focus on cybersecurity are driving market growth in North America. Other regions, such as Asia Pacific, are expected to witness significant growth due to the increasing number of internet users and the rapid adoption of cloud and IoT devices.
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The Security Asset Management (SAM) system market is experiencing robust growth, driven by the increasing need for organizations to enhance cybersecurity posture and comply with stringent data privacy regulations. The market, estimated at $15 billion in 2025, is projected to exhibit a Compound Annual Growth Rate (CAGR) of 15% from 2025 to 2033, reaching an estimated $50 billion by 2033. This expansion is fueled by several key factors, including the rising adoption of cloud computing and the proliferation of Internet of Things (IoT) devices, which significantly expand the attack surface. Organizations are increasingly recognizing the importance of comprehensive asset visibility and vulnerability management to mitigate risks effectively. The software segment currently dominates the market, owing to its scalability and flexibility, but the hardware segment is also witnessing considerable growth due to the demand for specialized security appliances. Key applications within the SAM market include asset combing, asset event monitoring, and asset operation, each contributing significantly to the overall growth. The North American region currently holds the largest market share, followed by Europe, driven by early adoption and stringent regulatory compliance requirements. However, significant growth opportunities exist in the Asia-Pacific region, particularly in emerging economies like India and China, fueled by increasing digitalization and a growing awareness of cybersecurity threats. Despite this positive outlook, the SAM market faces certain restraints. High initial investment costs, complex implementation processes, and the shortage of skilled cybersecurity professionals can hinder broader adoption, particularly among small and medium-sized enterprises (SMEs). Furthermore, the constant evolution of cyber threats necessitates continuous updates and upgrades of SAM solutions, leading to ongoing operational expenses. However, the increasing frequency and severity of cyberattacks, coupled with mounting regulatory pressure, are overcoming these hurdles, pushing organizations to prioritize robust SAM solutions. Competition within the market is intense, with established players like ServiceNow, Qualys, and Tenable competing with emerging vendors, fostering innovation and driving down costs. The future of the SAM market is bright, marked by continued technological advancements, a growing awareness of cybersecurity risks, and the rising adoption of advanced threat detection and response capabilities within SAM systems.
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This includes: - Datasets: The three datasets used in this research (Urlhaus, Honeypot and Genealogy)- Scripts: Scripts used to search for exploits signatures and vulnerability matching- PCAPs: Network traffic captures - Exploit signatures: the exploits signatures found in the three datasets- Vulnerability information: List of all the corresponding vulnerabilities for the exploits found
As of August 2024, internet users worldwide discovered 52,000 new common IT security vulnerabilities and exposures (CVEs). The highest reported annual figure was recorded in 2023, over 29,000. Global ransomware threats In the past couple of years, ransomware has become more prominent, becoming the most frequently reported type of cyberattack worldwide in 2023. Additionally, 39 percent of organizations worldwide reported experiencing one to three ransomware infections. Among researched markets, France and South Africa were impacted the most. Costly and efficient ransomware families, such as StopCrypt and LockBit, ranked first by detections globally. Additionally, the 2017 WannaCry attack still holds the record as the most impactful ransomware event, causing an estimated four billion U.S. dollars in damages. Manufacturing and ransomware Manufacturing remains one of the most targeted industries for cyberattacks. In 2023, it was the most vulnerable sector globally to ransomware, experiencing approximately 638 incidents worldwide. These attacks were especially prevalent in industrial organizations in North America. Additionally, malware and network or application anomalies were among the most common types of cyber incidents affecting manufacturing organizations.
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The Connected IoT Devices Market is likely to grow to reach USD 11.96 billion by 2033. It is expected to accrue at a massive CAGR of 16.17% during 2023-2033. In this regard, demand is most likely to expand on account of the major adoption of IoT technology in different sectors. Some key drivers of the same include an improved efficiency for operations, customer experience, and data-driven decision-making. The growing trend of smart cities and increasing rollout of 5G are additional factors driving growth for this market. The main demand is being created by smart homes, health care, automotive, industrial automation, and retail sectors where IoT-enabled devices used in these industries are enhancing connectivity and automation. Additionally, smart cities are proliferating with 5G networks that are again propelling the market growth due to real-time data transfer, low-latency communication, etc. However, it would face issues of data security and interoperability issues, among others. Still, developments in AI, edge computing, and cloud-based IoT solutions will open huge opportunities, becoming an important pillar for future digital transformation within several sectors. Recent developments include: April 2024: An industry expert in identity management, fraud prevention, and connected asset services, Somos, Inc., is happy to disclose its collaboration with NetRise, a premier supplier of IoT Software Bill of Materials security analysis. The partnership implies a substantial achievement for SomosID, the company's flagship IoT device registry, as it spearheads efforts to advance transparency and improved security in the IoT device realm. NetRise offers granular visibility into the world's Extended Internet of Things (XIoT) security problem — comprising the modern firmware and software component security challenges of IT, IoT, OT, and other connected cyber-physical systems. The SomosID solution offers enterprises a thorough view of their deployed IoT assets, comprising all the device, application identity, and network attributes, as well as verification of certification of those devices. Somos also maintains comprehensive hardware and software bill of materials information to offer customers a current state of all of their assets. The capability effortlessly incorporates NetRise's IoT device software analysis, including software bills of materials and vulnerability monitoring. It provides a thorough, constant view of an enterprise's IoT security posture and risks across all of its assets. SVP & Chief Technology Officer at Somos, Sri Ramachandran, said that Somos is happy to be able to use NetRise's best-in-class firmware analysis capabilities to fulfill the striking rise in cyber-attacks on IoT devices and the latest compliance requirements posed by the global IoT cybersecurity regulations, including the regulations by the Federal Drug Administration (FDA), the Cyber Resilience Act in Europe and Federal Communications Commission (FCC) in the U.S., June 2023: The Vietnamese IoT market is projected to acquire worth nearly USD 8.5 billion. To attain that target, the nation should apply IoT to measurement devices and means of transport, as per the experts. One report discovered that there are nearly 13 billion IoT devices across the globe, and the compound annual growth rate (CAGR) is 19 percent per annum. Among all these, 2.7 billion IoT connection devices use SIM with a CAGR of around 12 percent. The majority of the world's IoT device market belongs to China. The nation owns more than 10 billion IoT connections, among which 1.84 billion devices use SIM. According to the research, in Vietnam, the IoT market was worth nearly USD 2.5 billion in 2021 and grew by 22.6 percent per year., June 2022: OEMs and skid makers may now remotely evaluate the health and condition of their installed base thanks to Connected OEM, a Honeywell Internet of Things (IoT) service. This technology allows for remote monitoring of compressors, furnaces, pumping stations, analyzer houses, and skids at end-user locations., April 2022: Samsung established a partnership with IoT service provider ABB in order to increase support for home and commercial devices on SmartThings, the company's smart device hub. By collaborating with other companies, Samsung's SmartThings is evolving into a one-stop shop for controlling connected devices.. Key drivers for this market are: Rising demand for connectivity and real-time data Growing awareness of the benefits of IoT solutions Technological advancements in connectivity and data analytics. Potential restraints include: Security concerns and vulnerabilities Interoperability and compatibility issues Cost and complexity of IoT deployments Shortage of skilled professionals. Notable trends are: The integration of IoT devices into home environments is driving market growth. Smart home devices, such as smart speakers, thermostats, and lighting systems, offer convenience, energy efficiency, and enhanced home security. Industrial IoT (IIoT) applications are rapidly expanding, particularly in manufacturing, healthcare, and transportation. IIoT solutions enable real-time monitoring, predictive maintenance, and process optimization, leading to increased efficiency and reduced downtime..
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The size and share of the market is categorized based on Application (Network security, Web application security, Database protection, Cloud security, Endpoint security, IoT security) and Product (Network scanners, Web application scanners, Database vulnerability tools, Mobile application scanners) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).
Medical Device Security Solutions Market Size 2024-2028
The medical device security solutions market size is forecast to increase by USD 2.62 billion at a CAGR of 11.96% between 2023 and 2028. In the dynamic landscape of medical technology, the security of medical device solutions has emerged as a critical concern. The integration of advanced technologies such as Proteomics and Genomics in healthcare has led to the proliferation of Connected Medical Devices (CMDs) and Internet of Medical Things (IoMT) devices. While these innovations offer numerous benefits, they also introduce new vulnerabilities, making cybersecurity a priority. Data breach incidents have become increasingly common, with cybercriminals exploiting weaknesses in software and outdated platforms. Ransomware attacks on healthcare organizations have become a significant threat, putting sensitive patient information at risk. To mitigate these challenges, a strong cybersecurity strategy is essential. Market trends indicate a growing focus on securing medical devices, with an increasing number of organizations adopting advanced security solutions. Despite these efforts, the use of outdated platforms in the healthcare industry persists, leaving many devices vulnerable to cyber threats. To stay ahead, stakeholders must remain vigilant and invest in the latest cybersecurity technologies and best practices.
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Medical devices, including pacemakers, insulin pumps, and other implanted and wearable gadgets, have become increasingly integrated with the internet and hospital networks. While these advancements bring numerous benefits, they also expose sensitive data and medical equipment to cyber-attacks. Cyber threats to medical devices can lead to illegal access control, compromising patient privacy and potentially endangering lives. Sensitive data transmitted wirelessly between medical facilities, IoT technologies, and computing power can be intercepted, leading to data breaches and unauthorized access. The internet and cell phone connectivity in healthcare settings further expand the attack surface.
Similarly, cybercriminals can exploit vulnerabilities in these devices and networks, causing disruptions, data theft, and even manipulating medical device functionality. To counteract these threats, new technologies and cyber-secure measures are being adopted to protect medical devices and the data they generate. These advancements include Iot technologies, data analytics techniques, and big data solutions. Data analytics techniques and big data can help medical facilities identify and respond to cyber threats in real-time. By analyzing patterns and anomalies in medical device data, healthcare providers can detect and mitigate potential attacks before they cause harm. Proteomics and genomics data, which are increasingly being used in personalized medicine, also require strong security measures.
Moreover, ensuring the cyber security of these data types is crucial for maintaining patient privacy and confidentiality. Incorporating cyber security into medical device design is essential. This includes implementing secure access control mechanisms, encrypting data transmission, and regularly updating software and firmware to address vulnerabilities. Wireless technologies used in medical devices must also be secured to prevent unauthorized access and data interception. Encryption, authentication, and secure communication protocols are essential for maintaining the security of wireless medical devices. As medical devices become more interconnected and data-driven, the importance of cyber security in healthcare settings will only continue to grow. By implementing advanced security solutions, healthcare providers can protect patient data, ensure the integrity of medical devices, and maintain the trust of their patients.
Market Segmentation
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
Device
Wearable and external medical devices
Hospital medical devices
Internally embedded medical devices
End-user
Healthcare providers
Medical devices manufacturers
Healthcare payers
Geography
North America
US
Europe
Germany
UK
APAC
China
Japan
Middle East and Africa
South America
By Device Insights
The wearable and external medical devices segment is estimated to witness significant growth during the forecast period. In recent years, the healthcare industry has experienced significant transformation, integrating the Internet of Things (IoT) and advanced medical devices into the system. This shift towards decentralized care, from hospitals to homes, has led to the centralization of patient data in cloud-based hospital system
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SolutionsDevice Management: Platforms for managing, monitoring, and updating IoT devices.Analytics Platforms: Tools for collecting, analyzing, and visualizing IoT data.Data Storage and Management: Solutions for storing and organizing IoT data.Connectivity Management: Services for managing IoT device connectivity to networks.Security Solutions: Technologies for protecting IoT systems from cyber threats.ServicesConsulting: Guidance on IoT strategy, architecture, and implementation.Implementation: Assistance in deploying and integrating IoT solutions.Managed Services: Ongoing support and maintenance of IoT systems.Training and Education: Programs to develop skills and knowledge in IoT. Recent developments include: April 2023: Through a collaborative effort with Oracle, the Norwegian Institute of Bioeconomy Research chose the Autonomous Database and AI functionalities on the Oracle Cloud Infrastructure (OCI). The objective was to acquire a more profound understanding of the forest value chain and improve practices that ensure long-term sustainability., April 2023: Google unveiled a novel artificial intelligence (AI) system that empowers the Claims Acceleration Suite to optimize health insurance prior to authorization and claims processing. By implementing the recently created Claims Data Activator, this solution endeavors to mitigate administrative complexities and decrease expenditures for health plans and providers.. Key drivers for this market are: IoT enables real-time monitoring, predictive maintenance, and process automation, significantly improving operational efficiency and reducing costs. Potential restraints include: The interconnected nature of IoT systems increases vulnerability to cyberattacks, deterring adoption in critical applications. Notable trends are: The integration of artificial intelligence with IoT is enabling smarter, more autonomous systems for predictive analytics and decision-making.
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The global vulnerability and penetration testing services market is experiencing robust growth, driven by the increasing frequency and sophistication of cyberattacks targeting businesses across various sectors. The market, estimated at $15 billion in 2025, is projected to exhibit a Compound Annual Growth Rate (CAGR) of 12% from 2025 to 2033. This expansion is fueled by several key factors, including stringent data privacy regulations (like GDPR and CCPA), the rising adoption of cloud computing and IoT technologies (expanding the attack surface), and a growing awareness of cybersecurity risks among organizations of all sizes. The demand for comprehensive penetration testing services, encompassing network, application, web application, and IoT device assessments, is particularly strong. Furthermore, the growing need to identify and mitigate risks associated with dark web exposure is significantly contributing to market growth. The financial industry, consumer & retail, and industrial manufacturing sectors currently represent the largest market segments, but growth is anticipated across all sectors as digital transformation accelerates. While the market is thriving, certain restraints exist. The high cost of penetration testing services, particularly for specialized assessments, can be a barrier to entry for smaller businesses. Additionally, a shortage of skilled cybersecurity professionals capable of conducting thorough and effective penetration testing is limiting market expansion. Overcoming this talent shortage through robust training and education programs will be crucial for sustained market growth. The competitive landscape is also fairly concentrated, with established players like IBM, Secureworks, and Mandiant competing alongside emerging specialized firms. The market is witnessing increased adoption of automated penetration testing tools, but human expertise remains crucial for interpreting results and developing effective remediation strategies. Successful market participants will need to balance advanced technological capabilities with the human element to stay competitive.
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BASE YEAR | 2024 |
HISTORICAL DATA | 2019 - 2024 |
REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
MARKET SIZE 2023 | 13.73(USD Billion) |
MARKET SIZE 2024 | 15.09(USD Billion) |
MARKET SIZE 2032 | 32.2(USD Billion) |
SEGMENTS COVERED | Security Layer ,Deployment Model ,Industry ,Technology ,Regional |
COUNTRIES COVERED | North America, Europe, APAC, South America, MEA |
KEY MARKET DYNAMICS | Rising adoption of IoT devices Increasing security threats Growing awareness of IoT security risks Stringent government regulations Technological advancements |
MARKET FORECAST UNITS | USD Billion |
KEY COMPANIES PROFILED | McAfee ,Intel Security ,Check Point Software Technologies ,IBM ,Fortinet ,Palo Alto Networks ,FireEye ,Rapid7 ,Sophos ,Trend Micro ,Qualys ,Tenable ,Symantec ,Siemens ,Cisco |
MARKET FORECAST PERIOD | 2024 - 2032 |
KEY MARKET OPPORTUNITIES | Cloudbased IoT security AIMLdriven threat detection Devicelevel security Data privacy and compliance Managed security services |
COMPOUND ANNUAL GROWTH RATE (CAGR) | 9.93% (2024 - 2032) |
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The Device Vulnerability Management market is an essential segment of the cybersecurity industry, focusing on identifying, assessing, and mitigating vulnerabilities across various devices within an organization's network. In an increasingly connected world, the prevalence of Internet of Things (IoT) devices, mobile
Threat Detection Systems Market Size 2024-2028
The threat detection systems market size is forecast to increase by USD 230.60 billion at a CAGR of 22.24% between 2023 and 2028.
The heightened focus on public safety in light of escalating terrorist activities has led to a substantial expansion in the market for security technology. The imperative for comprehensive surveillance in heavily populated public spaces, such as airports, train stations, and sports venues, is essential for protecting the public and preventing potential threats. This growing demand for sophisticated security solutions has sparked the interest in metal detectors and other advanced security systems.
Furthermore, stringent regulations intended to strengthen security protocols and ensure regulatory compliance have contributed to market expansion. In response, companies are obligated to upgrade their current security systems and industrial control systems (ICS) security to adhere to these new mandates. The significance of maintaining a secure environment cannot be overemphasized, and the enactment of rigorous regulations represents a vital step towards achieving this objective.
The threat detection systems market is witnessing significant growth driven by cybersecurity solutions that provide real-time threat monitoring, intrusion detection systems, and AI-based threat detection. With an emphasis on network security and endpoint protection, these solutions offer robust vulnerability assessment and malware detection. Security information and event management (SIEM) platforms further enhance cloud security, ensuring comprehensive protection against evolving cyber threats.
What will be the Size of the Threat Detection Systems Market During the Forecast Period?
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How is the Threat Detection Systems Market Segmented?
The threat detection systems market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in 'USD Billion' for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
Application Outlook
Defense
Commercial
Industrial
Public infrastructure
Residential
Type Outlook
Hardware
Software
Services
Region Outlook
North America
The U.S.
Canada
Europe
The U.K.
Germany
France
Rest of Europe
APAC
China
India
Middle East & Africa
Saudi Arabia
South Africa
Rest of the Middle East & Africa
South America
Brazil
Argentina
By Application
The market share growth of the defense segment will be significant during the forecast period. Defense forces use complex and multi-layered screening solutions and security services to maintain top-level security, thereby allowing personnel to focus on important missions instead of securing their infrastructure. Hence, the increase in terrorist attacks and rising concerns regarding the safety of defense infrastructure are boosting the demand for these solutions for defense applications.
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The defense segment was valued at USD 21.20 billion in 2018. Globally, government bodies and militaries face the challenge of protecting their forces and societies against terrorist attacks. Terrorism poses a real threat to the security and safety of troops, civilians, and critical infrastructure. Thus, defense infrastructure and other high-security government installations need to be secured properly. The rising need for the defense to focus on important missions instead of securing their premises will facilitate the market for detection systems, including military GNSS devices, during the forecast period.
Cyber threat intelligence has become essential in today's digital world, empowering AI-powered threat detection systems to proactively identify risks. Real-time monitoring enhances network security solutions, while perimeter defense systems prevent unauthorized access. Endpoint threat detection and intrusion detection systems play a crucial role in identifying and mitigating potential attacks. Biometric authentication strengthens access controls, ensuring secure user identification. Cloud security platforms safeguard sensitive data, while IoT threat management addresses the vulnerabilities of connected devices. Behavioral analytics help detect abnormal activities, complementing zero-trust security models that assume no user or device is trusted by default. Threat hunting services actively search for hidden threats, while deep learning security enhances advanced malware detection, providing a robust defense against evolving cyber threats.
The report includes an in-depth analysis of market trends and analysis, market growth analysis and challenges. Furthermore, the re
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According to Cognitive Market Research, the global public and personal safety market size will be USD 76214.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 7.00% from 2024 to 2031.
North America held the major market share for more than 40% of the global revenue with a market size of USD 30485.80 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 22864.35 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 17529.34 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.0% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 3810.73 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.4% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 1524.29 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.7% from 2024 to 2031.
The cloud-based category is the fastest growing segment of the public and personal safety industry
Market Dynamics of Public and Personal Safety Market
Key Drivers for Public and Personal Safety Market
Technological Advancements in Surveillance and Monitoring Systems Propels Market Growth
Technological advancements in surveillance and monitoring systems are a significant driver of growth in the public and personal safety market. Innovations such as AI-powered video analytics, facial recognition, and advanced sensors allow for real-time threat detection, improving security responses and reducing crime rates. The integration of IoT devices with surveillance systems enables smarter and more efficient monitoring, providing seamless control and data insights. Additionally, cloud-based solutions offer scalability, remote access, and easier management of security infrastructure. As urbanization increases and safety concerns grow, the demand for these advanced technologies continues to rise, propelling the market forward with more effective, integrated safety solutions. For instance, in August 2024, Virgin Bet announced its inaugural Personal Safety Partnership with WalkSafe, the UK’s top personal safety app. This collaboration aimed to emphasize the importance of safety and security at racing events nationwide, providing users with peace of mind when traveling alone from venues. The initiative was part of Virgin Bet’s new brand ethos, ‘A Good Bet,’ focused on breaking down barriers and fostering positive change in sports and culture.
(Source:https://startupsmagazine.co.uk/article-virgin-bet-launches-personal-safety-partnership-walksafe/)
Demand for Real-Time Data Monitoring and Analytics in Security Systems Fuels Market Growth
The demand for real-time data monitoring and analytics in security systems is significantly fueling growth in the public and personal safety market. Advanced technologies such as AI, machine learning, and IoT are enabling real-time analysis of vast amounts of data, allowing for faster threat detection, predictive policing, and more effective emergency response. This shift enhances situational awareness, improves decision-making, and ensures proactive safety measures. Additionally, the integration of real-time data helps streamline security operations, reduces human error, and supports better resource allocation. As public safety concerns continue to rise, the need for intelligent, data-driven solutions is expected to drive further expansion in this market.
Restraint Factor for the Public and Personal Safety Market
Potential Vulnerability of Security Systems to Cyberattacks Restricts Market Growth
The potential vulnerability of security systems to cyberattacks significantly restricts growth in the public and personal safety market. As security solutions increasingly rely on digital and networked technologies, they become more susceptible to hacking, data breaches, and system malfunctions. This vulnerability raises concerns about the safety of critical infrastructure, personal data, and privacy. Cyberattacks targeting surveillance systems, access control devices, or emergency response networks could compromise public safety efforts, leading to loss of trust and investment hesitatio...
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According to Cognitive Market Research, the global edge AI software market size is USD 1.5 billion in 2024 and will expand at a compound annual growth rate (CAGR) of 31.1% from 2024 to 2031. Market Dynamics of Edge AI software Market
Key Drivers for Edge AI software Market
Edge AI software market is the growing need for efficient and real-time data processing capabilities at the edge of networks. Traditional cloud-based processing faces challenges such as latency issues and bandwidth constraints, particularly in applications requiring instantaneous decision-making or continuous data analysis. Edge AI solutions address these challenges by enabling data processing closer to where it is generated, reducing latency and enhancing responsiveness. This capability is crucial in industries like manufacturing, healthcare, and autonomous vehicles, where quick decision-making based on large volumes of data is essential for operational efficiency, safety, and improved customer experiences.
Edge AI software market is the proliferation of Internet of Things (IoT) devices, which generate massive amounts of data that require real-time processing and actionable insights at the edge.
Key Restraints for Edge AI software Market
Data privacy and security concerns pose a significant restraint for the Edge AI software market, as decentralized data processing increases vulnerability to breaches and unauthorized access.
Interoperability challenges among diverse edge devices and platforms hinder seamless integration and scalability of Edge AI solutions across different environments and applications.
Introduction of the Edge AI software Market
Edge AI software refers to advanced artificial intelligence algorithms and applications designed to operate on decentralized devices at the edge of networks, closer to where data is generated. This technology enables real-time data processing, reducing latency and enhancing efficiency compared to traditional cloud-based approaches. The market for Edge AI software is experiencing rapid growth driven by increasing demands for faster decision-making capabilities across industries such as manufacturing, healthcare, and autonomous vehicles. This trend is fueled by the proliferation of Internet of Things (IoT) devices and the need to analyze and act on large volumes of data locally. Edge AI software is poised to revolutionize how businesses leverage data for operational insights and improved customer experiences.
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In 2022, D-Link was the vendor with the highest number of vulnerable devices against the remote code execution vulnerability CVE-2021-35394. By contrast, Asus only had four vulnerable devices.