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Discussing The Importance Of Bitcoin’s Open-Source Ethos – Bitcoin Magazine

January 14, 2022 | Author: admin

Listen To This Episode:

"Bitcoin Bottom Line" podcast host C.J. Wilson presented a solo episode to break down the topic of open-source software.

The concept of Bitcoin being an open-source software projects means that everything about Bitcoin must have visibility and auditability, meaning that anyone, including average non-coders, has access to download the entire language. This encourages folks to participate in an open, Socratic manner, having conversations with logic and not necessarily emotion.

Wilson explained the BIP process, which sees Bitcoin Improvement Proposals run on GitHub by Bitcoin Core developers. The developers are working on Bitcoin Core, posting the proposals written by Bitcoiners to the network. After these are posted, a formative argument is made to discuss the process and decide whether or not it should pass.

Since all Bitcoin iterations are reverse compatible, if a BIP is approved, each user can choose whether or not to upgrade to that version of the Bitcoin software.

Another aspect of open-source projects is that they include the transparency of all transactions on the blockchain. This explains that there is a lever of power between the developers, nodes and miners. Developers work on the programming, the nodes are validating the programming and agreeing to run the programs.

Wilson explained that a node is for folks to run their own transactions, and to receive them. A node can also be used as a wallet. In the past, folks would have their node on their laptop, also used as a wallet, and if they lost their laptop, they lost everything. Now, folks might have a Lightning Network wallet on their phone, a node on their laptop, mining equipment, etc.

Bitcoin Core developers have decided that the safety of the users is more important than the novelty of the use. Wilson closed out the episode describing the speed, efficiency and security of the Bitcoin network, and more.

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Visa: One in Four Businesses Surveyed Plan to Accept Cryptocurrency Payments This Year Featured Bitcoin News – Bitcoin News

January 14, 2022 | Author: admin

Payments giant Visa has conducted a survey of small businesses and found that almost a quarter of those who responded plan to accept cryptocurrency payments this year. I think more people are feeling more confident with crypto, said a Visa executive.

Visa published a study on digital payments Wednesday. It was conducted by Wakefield Research in December 2021 and included a survey of 2,250 small business owners with 100 employees or fewer in Brazil, Canada, Germany, Hong Kong, Ireland, Russia, Singapore, United Arab Emirates, and the U.S.

Visa described that a path forward for small and micro businesses (SMBs) in 2022 includes Going long on digital payments even crypto. The payments giant detailed:

Of those surveyed, 24% said they plan to accept digital currencies such as the cryptocurrency bitcoin.

The company elaborated: An overwhelming 82% of SMBs surveyed said they plan to accept some form of digital option in 2022 and 73% see accepting new forms of payments as fundamental to their business growth.

Jeni Mundy, Visas global head of merchant sales and acquiring, was quoted as saying:

I think more people are feeling more confident with crypto.

In December, Visa launched crypto advisory services. Moreover, Visas head of crypto recently revealed that the company has partnered with 60 cryptocurrency platforms to let consumers spend digital currency at 80 million merchants worldwide.

What do you think about this Visa survey? Let us know in the comments section below.

A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Near Foundation Raises $150 Million to Bolster Web3 Adoption

On Thursday, the Near Foundation announced the project has raised $150 million from strategic investors such as Three-Arrows Capital, a16z, Mechanism Capital, Dragonfly Capital, and Circle Ventures. Following the announcement, the Near protocols native crypto asset jumped more than 7% ... read more.

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Mai Capital Predicts Tough Year for Crypto Expects Bitcoin and Ethereum to Do Well Once Regulations Come Into Focus Regulation Bitcoin News -…

January 14, 2022 | Author: admin

Mai Capital Managements chief equity strategist and regional president, Chris Grisanti, has predicted that this year will be tough for crypto largely due to regulations. However, he expects established cryptocurrencies, such as bitcoin and ether, to do quite well once regulations come into focus.

Mai Capital Managements Chris Grisanti shared his outlook for the cryptocurrency market in an interview with CNBC Thursday. Grisanti, CFA, is chief equity strategist and regional president of Mai Capital Management, a wealth management firm that provides planning and investment advisory services.

Noting that crypto is almost a victim of its own success, Grisanti detailed:

I think its going to be a tougher year for crypto There will be calls for regulation from all over the place from China, from Europe, and here in the United States.

Nonetheless, the equity strategist sees some cryptocurrencies coming out ahead. I do think there will be a great winnowing as well. I think the more established coins like bitcoin and ethereum will do quite well after regulations come into focus, he described.

The strategist elaborated:

Once regulations are in place, institutional investors, I think, will get more comfortable treating bitcoin not like a currency but like gold, which is a hedge against inflation and other things.

A recent survey by Nickel Digital Asset Management, a regulated European digital asset hedge fund manager, also shows that institutional investors are optimistic about more regulation coming to the crypto industry.

Commenting on the U.S. Securities and Exchange Commission (SEC) being granted more power to regulate the crypto space, 73% of institutional investors and wealth managers believe this will have a positive impact on the price of crypto and digital assets and 32% believe it will have a very positive effect.

What do you think about the predictions by the equity strategist? Let us know in the comments section below.

A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Near Foundation Raises $150 Million to Bolster Web3 Adoption

On Thursday, the Near Foundation announced the project has raised $150 million from strategic investors such as Three-Arrows Capital, a16z, Mechanism Capital, Dragonfly Capital, and Circle Ventures. Following the announcement, the Near protocols native crypto asset jumped more than 7% ... read more.

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Mai Capital Predicts Tough Year for Crypto Expects Bitcoin and Ethereum to Do Well Once Regulations Come Into Focus Regulation Bitcoin News -...

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What begins with a ‘B’ and is having problems at tsoHost? Hopefully not your website – The Register

January 12, 2022 | Author: admin

Updated Beleaguered customers of UK hosting outfit tsoHost have been thrown a fresh curveball. Sites starting with the letter B on its cloud (Gridhost) platform are struggling to load.

Issues began just over a week ago when the company reported "temporary loading issues" that were hitting B websites on its legacy cloud-hosting platform.

About a day later, the problems were fixed. But not for long! Four days ago the issue reared its ugly head once more, and the company's engineers attempted to resolve it. As of yesterday, the team was still working on what had befallen the Bs.

A Register reader affected by the outage reported: "If it appears in your Cloud Dashboard as its own entry, i.e. is an actual server, and the first character of the name is a B then it will be affected.

"It affects all virtual servers on their Cloud Hosting platform who start with B," they claimed.

So, if your site was 'bobbins.superdupersite.com' and on its own virtual server, then you'll likely have a problem. However, if bobbins was just a subdomain of the superdupersite.com virtual server, then you're probably going to be OK.

We asked the company for its take on the matter and will update should an explanation be forthcoming.

A glimpse at social media indicates that our reader is not alone. Devon glamping outfit Brownscombe reported that its website was down, although at the time of writing it seemed to be up again if one feels the need to be at one with nature without having to face the ordeal of erecting a tent in a gale.

"tsoHost can confirm that some customers have reported issues with their websites," it told The Register.

"The issue is intermittently affecting certain websites on our pod of servers that serve websites starting with the letter B. We have identified high load as the root cause of the issue.

"This only affects a small subset of our customers, and we are working on applying a fix today which should alleviate remaining problems for those customers affected. We advise customers who may still be experiencing issues to contact our support team who will be able to assist. tsoHost would like to apologise for any inconvenience this may have caused."

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Sensory Extends Voice and Visual AI Platform to the Cloud – Voicebot.ai

January 12, 2022 | Author: admin

on January 6, 2022 at 12:30 pm

Voice and vision AI tech firm Sensory has introduced a new cloud-based platform for companies seeking its biometric and speech recognition tools developed. The beta version SensoryCloud.ai released this week is a notable departure from the companys history of on-edge processing, without the use of cloud servers.

SensoryCloud offers a handful of voice and visual AI services as APIs or SDKs. Customers can add speech-to-text, sound identification, wake word confirmation, and biometric verification by face or voice, with others to follow. The solutions are not enormously different from what Sensory has provided before, except for where and how the data is processed.

Sensory is known for its VoiceHub platform where clients could create custom wakewords and voice commands to install on smart devices. Sensorys TrulyHandsfree technology powers the devices and software built by those choosing to avoid Amazon Alexa or Google Assistant in favor of a unique option of their own. There has been plenty of demand for Sensorys tech and the company has pushed out new features and capabilities to entice even more over the last couple of years. Zoom tapped Sensory in July to help shift its voice command system away from the cloud. Sensory further widened VoiceHubs abilities by adding models designed to understand children in October. Sensory even developed voice and facial biometric tools for those with a cold and wearing a mask early on in the COVID-19 pandemic.

The cloud platform doesnt have some of the latency and privacy benefits of on-edge processing, but it offers other compensations that Sensorys clients may prefer. By running the data processing in the cloud, the clients have far more control over how to deploy its AI features and can access and analyze the resulting data to learn what customers want or discover gaps in its services. The API system is also more familiar to many programmers. And Sensory claims it doesnt diminish the capabilities of its software. The speech-to-text program claims a word error rate under 5% and the wake word verification wipes out up to 90% of false awakenings compared to rival options.

We have a history of building fast and accurate AI models, and we paired this capability with some of the brightest and freshest minds in the cloud industry, Sensory CEOTodd Mozer said. The result is a hybrid cloud platform that uses state-of-the-art AI to address customers unique needs for control, flexibility, cost, accuracy, reliability, features, latency, and privacy.

Zoom Rooms Integrate Sensorys On-Device Processing for Voice Commands

Sensory Debuts Child Speech Models for Kid-Focused Voice AI Developers

Sensorys New VoiceHub Platform Offers Quick Custom Wake Word Creation

Eric Hal Schwartz is Head Writer and Podcast Producer for Voicebot.AI. Eric has been a professional writer and editor for more than a dozen years, specializing in the stories of how science and technology intersect with business and society. Eric is based in New York City.

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How these 3 Companies Leverage the Hybrid Cloud – TechGenix

January 12, 2022 | Author: admin

The Covid-19 pandemic sparked a boom in user and operational requirements that could only be fulfilled by cloud-native solutions. To increase operating efficiency and cost-savings, businesses began looking to shift the bulk of their operations to the cloud. However, the way forward was not always immediately apparent, since the shift to hybrid cloud often needs specialized support and resources. Since each business has its own unique existing infrastructure, there was a need for tailored solutions for migrating apps and services from on-premises architecture to the hybrid cloud.

Several companies have managed to make the transition to hybrid cloud successfully, with minimal downtime or disruption in services, and their strategies can offer businesses today a way forward. Lets take a look at three companies that efficiently leverage the hybrid cloud for their business operations.

Global travel company Hotelbeds, headquartered in Spain, connects nearly 180,000 travel service providers worldwide to around 60,000 different travel sellers through their advanced online platform. As the worlds leading bedbank, they need to ensure that their services are running smoothly so that travel providers have seamless access to distribution channels and sources of revenue.

Image Source: Pixabay

Hotelbeds initially built their infrastructure by tightly coupling their legacy on-premises architecture with a single cloud provider. While this approach worked for them for a while, they found themselves facing rising costs and realized that they were missing out on the benefits of a distributed architecture. As the cloud computing landscape evolved to support more hybrid and multi-cloud strategies, Hotelbeds decided that they, too, needed to jump on the bandwagon and develop their own hybrid cloud strategy that leveraged the best offerings among cloud service providers.

Hotelbeds partnered with Rancher, an open-source multi-cluster orchestration platform that delivers Kubernetes-as-a-service (KaaS) in order to make this transition. With Rancher handling deployments and workload distribution, Hotelbeds began to run Kubernetes clusters in production in Amazon Web Services (AWS) and Google Cloud Platform (GCP). This gave them greater flexibility in managing and scaling their workloads, while also allowing them to offer more reliable and performance available services.

In addition to dodging vendor lock-in, Hotelbeds also managed to reduce cloud migration time by 90% and deployment time by 80%. Through their new hybrid cloud strategy, the company found that they were able to scale and deploy their workloads in just minutes, guaranteeing more reliable service and increasing their operating efficiency.

Similar to Hotelbeds, Easybook is in the travel industry, and is the largest online transport booking site in the Southeast Asian region, having sold over 5,000,000 tickets since it was established in 2005 in Singapore. Easybook connects travellers to ticketing services for buses, trains, and ferries as well as car rental services and local tours, while also providing Software-as-a-Service (SaaS) back-office solutions to the local transportation industry.

Easybooks IT infrastructure was originally located in the public cloud, which allowed them to quickly scale their services up to meet demand. As the company expanded its user base and grew into new markets, the public cloud approach no longer became cost effective. In order to continue its expansion while controlling costs, Easybook started looking toward a hybrid cloud solution that allowed it to continue maintaining its core business applications in Microsoft Azure.

Easybook enlisted the services of Equinix, a digital infrastructure company, and InfoFabrica, a hybrid and multi-cloud consulting organization, to move their infrastructure from the public cloud to a hybrid cloud architecture. They managed to accomplish this in less than three months with zero disruptions to service or downtime. InfoFabricas network and database engineers helped Easybook set up their new servers at Equinixs IBX (International Business Exchange) colocation data centers and install their apps, databases, and web portal software, while also offering facilities management services. This freed up Easybook to focus its staff and resources on developing their business strategy.

Since their transition to the hybrid cloud, Easybook has managed to cut costs by 30 to 40 percent and leverage the scalability and security of direct access to Azure cloud from within the colocation data center. This keeps their data secure while ensuring high application performance. Equinix also enables Easybooks access to the offerings of several cloud service providers through its software-defined interconnection platform, Equinix Cloud Exchange (ECX) Fabric.

BP is a British multinational oil and gas giant with operations in nearly 80 countries around the world, employing over 70,000 people. BP also has a network of mega data centers around the globe, which they began to rethink as global cloud service providers entered the market and revolutionized the way companies ran their operations. Realizing that they would never be able to match up to the scale, the scope, the resilience, and the flexibility of public cloud platforms, BP decided to transition out of data center management and shift their IT architecture to the cloud, specifically to Microsoft Azure.

Image Source: Pixabay

The first resource that BP shifted to Azure was a Microsoft SharePoint Server deployment. This experiment made them realize that rather than just transferring on-premises behaviors to the cloud, they also needed to adopt a cloud-native approach in order to reap the full benefits of a cloud-centric infrastructure. As BP shifted to a cloud-first strategy, they realized that they were able to free up resources to focus on innovation at the cutting-edge to deliver business value. This was because they were no longer investing enormous sums of capital in developing the infrastructure to support a new project before starting the project.

The reason why BP hasnt migrated completely to the public cloud is because stringent data protection laws in certain countries require them to maintain some resources on-premises in their data centers. The hybrid cloud approach then meets compliance requirements while ensuring flexibility, scalability, and geographic coverage. BPs hybrid cloud strategy appears to be proceeding according to plan, and it may soon accomplish its goal of decommissioning its mega data centers.

BP has leveraged several of Azures offerings to support their move to hybrid cloud. They used Azure Stack to extend cloud functionality to remote regions, networking service Azure ExpressRoute to connect on-premises data centers to Azure, Azure Active Directory for identity and access management, Azure Security Center to manage their resources in Azure, and Azure Front Door Service to quickly deliver globally distributed application through a single, highly secure entry point.

The case studies explored in this article highlight an important point about adopting a hybrid cloud strategy: no two companies will share an identical hybrid cloud strategy. Whether or not you need a hybrid cloud strategy and the kind of approach you need to take depends on your business strategy, your current IT infrastructure, the apps and services your company uses, your user base, and the direction your company is heading in.

And this is not a transition you will need to make alone. As illustrated in this article, there are several tools, platforms, and organizations that can make the shift to hybrid cloud a seamless and productive experience, while ensuring that your customers are provided consistent and reliable services.

You may employ a KaaS platform as in the case of Hotelbeds, outsource your network and database engineering needs to a digital infrastructure and/or hybrid cloud company like Easybook did, or employ your own teams and resources to make the most of public cloud offerings as BP did.

Make sure to conduct a thorough analysis of your business needs and assess the offerings in the market before you make the switch over from public cloud or on-premises architecture to a hybrid cloud setup. If not, you may miss out on the flexibility, scalability, reliability, and high performance that an effective hybrid cloud strategy can offer you.

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Multi-cloud security doesn’t have to be complicated, just consistent – IT-Online

January 12, 2022 | Author: admin

As organisations in every industry shift infrastructure and services to the cloud by means of a multi-cloud strategy, their business assets, software and applications become distributed across several cloud-hosting environments.

By Kumar Vaibhav, solution architect at In2IT

Despite the many business benefits including agility, flexibility, competitive pricing, scalability, and reliance, to list a few there are several hurdles that must be addressed when adopting cloud across the business. It can be particularly tricky securing a plethora of clouds due to a lack of visibility across services and providers.

With multiple clouds comes multiple layers of risk, such as an increased attack surface, improper user management, constantly shifting workloads, DevOps and automation, all of which can get complicated.

Multiple cloud benefits

However, cloud security shouldnt be as complicated as it has become. Despite cloud having been around for more than a decade, there is still this perception that it is new technology, which makes people uncomfortable.

Cloud is many things, including scalable, reliable and cost-effective, but its no longer new. While on-premise security and own data centres is what most organisations think they need to secure their digital assets, the reality is that this is no longer sustainable its time-consuming and cost-intensive to operate and manage, particularly in comparison to the cloud.

Security must meet in the middle

So how does cloud security compare to on-premise security? Essentially, there isnt that much difference. Its easy to think that on-premise is more secure because one has direct control over all the servers, systems and data living in that data centre.

However, its important to remember when moving to the cloud that all cloud service providers, like Microsoft, Bing and Amazon all have their own security measures in place. The main concern that businesses have when it comes to moving data to the cloud is that theyre uncertain where it will live, but realistically, its possible to have the same controls in the cloud as with on-premise security.

The two go hand-in-hand and security in the cloud is a responsibility that must be shared between the cloud service provider and the customer, depending on the service theyre using.

The service provider has to ensure (in line with the SLA) that customer data is safe in their cloud, while the customer has to ensure everything in their cloud up to the point where it onramps to the service provider is secured and that their users are properly managed.

Users are the weakest link in security

Proper user management is particularly important now that the workforce is split between working at home, in the office or out in the field as 80% to 90% of all cyber breaches or attacks happen because of users.

Whether it is users being tricked into giving out credentials, or credentials being compromised by exploiting vulnerabilities, the effect is the same, making it critical to implement and utilise Multi-Factor Authentication (MFA) as part of a stringent Identity Management Program.

Password sniffing or spoofing is easy, and there are thousands of ways that attackers can gain unauthorised access to data, but having MFA drastically reduces the chances of getting defrauded from the inside. In addition to MFA, its necessary to have a proper access control program in place. Role-based access is one of the most important keys to preventing data leaks.

Here, its important that not everyone gets the same level of access, and specific users must be granted only the permissions necessary to fulfil their job description.

Countering the DevOps risk

Securing web-based applications to ensure theyre not used as attack vectors is as simple as proper testing. One of the main problems with the DevOps approach thats becoming increasingly popular because of the agility it enables is that the fast pace of work can lead to an increase in coding mistakes, which can result in undetected bugs and errors.

Attackers can exploit these coding mistakes to gain access to digital assets. To counter this risk, it is necessary to pay more attention to thorough vulnerability testing on the web app continuously while following best practices for maps. Although penetration testing can be expensive, this cost needs to be evaluated against the real possibility that a single breach can cause untold damage, both reputational and financial.

Protecting against network threats and vulnerabilities in the cloud isnt much different to securing web apps, and its important to ensure that all applications and operating systems are up to date in terms of security patches, along with proper access control through a firewall and a secure perimeter.

Access must be on a needs basis only, and when vulnerabilities are detected, these must be addressed as soon as possible. In the case of virtual machines, its important to have the appropriate security controls and to pay particular attention to endpoint hygiene. Theres no point in having antivirus protection, or a firewall if its incorrectly configured, malfunctioning or not reporting properly.

Visibility through simplification

Secure Access Service Edge (SASE), as defined by Gartner, can make a difference here.

SASE is a security framework specifying that security and network connectivity technologies should come together in a single cloud-delivered platform to enable rapid, secure cloud transformation. In addition to providing a singular point through which services are delivered to the client, this also streamlines network access and security measures, while eliminating operational complexity by reducing the number of vendors involved and helping to protect the business from third-party vulnerability.

This plays a massive role in achieving visibility and transparency in cloud environments, along with the fact that public cloud providers generally have their own compliance requirements to meet such as ISO 20 001, PCI, DSS and HIPAA all of which can be passed onto the customer.

Secure the data wherever it goes

Ultimately, the most effective approach to securing anything in the cloud will be one that focuses on securing data both in transit and in motion.

Asset protection is important, and visibility is critical given the scalability and flexibility of the cloud. Endpoint protection is required to secure servers or workstations or any machine in the cloud, along with operational security which ensures that when any changes are made, these occur without accidentally opening system loopholes.

Monitoring is just as vital, along with vulnerability and penetration testing. Finally, to ensure security and continuity, businesses should avoid putting all their eggs into a single cloud basket. Using multiple clouds ensures that if one goes down, theres another ready to take its place and ensure security through business continuity.

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Podcast: why the future of data management sits in the cloud – Central Banking

January 12, 2022 | Author: admin

It is no longeracceptablefor central banks to rely on daily batch processing within their data management frameworks,says Henrik Crone, deputy chief executive of Skysparc.

[Central banks] need to have a data lake, which constantly streams updates to their data analytics platforms, Crone tells Central Banking.

One way to achieve real-time data updates is to migrate from on-premises data centres to cloud-hosted centres.

Historically, central banks have used on-premises data centres which means their IT infrastructure is onsite. These centres include everything from servers that support email to the network hardware connecting them to support infrastructure.

Over the years, however, a larger proportion of central banks are switching to the cloud. Within a cloud data centre, a central bank leases infrastructure from a third party like Amazon Web Service or Microsoft and accesses data centre resources over the internet.

Adopting cloud, Crone says during the latest CB on Air Partners in Focus episode, not only allows central banks access to data from wherever they are in the world, but also allows them to scale up their data platforms.

You can programmatically increase the power of their querying. They can find their business data insights within data platforms using the power of the cloud the storage is also endless, he says.

Having infinite data storage allows central banks to aggregate historical data with real-time data warehousing.

Central banks would also reduce their data maintenance costs should they make the move to a cloud-hosted data network.

When you have traditional frameworks, you have to ensure there is an administrator and partitioning tables, all this technical mumbo jumbo regarding the maintenance, says Crone.

Data partitioning occurs to allow data to be distributed across sites and accessed seperately in order to improve query performance and increase the manageability of an on-premises database. In the cloud, there is zero maintenance, Crone says.

Index

00:00 Introductions

00:50 From data warehouses to the cloud

03:10 Cloud technology post-pandemic

08:44 Overcoming analytics challenges

11:27 Future data trends

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Streaming Analytics Market worth $50.1 billion by 2026 – Exclusive Report by MarketsandMarkets – Yahoo Finance

January 12, 2022 | Author: admin

CHICAGO, Jan. 12, 2022 /PRNewswire/ -- According to a research report "Streaming Analytics Market with COVID-19 Impact Analysis, by Component, Application (Supply Chain Management, Sales & Marketing, and Fraud Detection), Industry Vertical, Deployment Mode, Organization Size, and Region - Global Forecast to 2026", published by MarketsandMarkets, the streaming analytics size is projected to grow from USD 15.4 billion in 2021 to 50.1 USD billion in 2026, at a Compound Annual Growth Rate (CAGR) of 26.5% during the forecast period.

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The Streaming analytics industry is driven increased digitalization and emerging technologies such as big data, IoT, and AI to drive the market growth. However, Strategic shift toward real-time accurate forecasts and rising data connectivity through hybrid and multi-cloud environments further contributes to the growth of the Streaming Analytics Market.

Browse in-depth TOC on "Streaming Analytics Market"

348 Tables 61 Figures 342 Pages

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Based on the Component, software segment to account for a larger market size during the forecast period

The Streaming Analytics Market has been segmented by two components: software and services. The deployment of streaming analytics has witnessed an increase in adoption, as serves a variety of purposes, such as fraud detection and risk management. The growing adoption of streaming analytics across all major verticals, such as BFSI, Telecommunication and IT, Retail and eCommerce, Healthcare and Life Sciences, Manufacturing, Government, Energy and Utilities, Transportation and Logistics, Media and Entertainment, Other Verticals (travel & hospitality and education).

Based on deployment mode, cloud segment to grow at a higher CAGR during the forecast period

Cloud computing refers to the storage, management, and processing of data via networks of remote servers, which are typically accessed via the Internet. According to Statista, cloud computing would generate more than USD 300 billion in revenue in 2020 as a component of IT services. At the same time, PwC shows the COVID-19 crisis has accelerated the cloud transition even further as per data during the first quarter of 2020, cloud spending increased by 37% to USD 29 billion. The increasing generation of data leads to various challenges for several organizations. These challenges include storage, privacy, and affordability.

Story continues

Based on application, Location Intelligence segment to hold the largest market size during the forecast period

The Streaming Analytics Market based on application is segmented into Fraud Detection, Sales and Marketing, Predictive Asset Management, Risk Management, Network Management and Optimization, Location Intelligence, Supply Chain Management, Other Applications (product innovation and customer management). Streaming analytics combines geospatial, graph, and business analytics into a single platform purpose-built for performance and scale. GIS creates maps that can be accessed through a mobile app or software service. These maps incorporate imagery, coordinates, and spreadsheets, among other data layers that use spatial location. Streaming analytics can be used to examine the data, which can subsequently be released via an app or other user access point. Location intelligence (LI), which could be defined as the successor to GIS, is being driven in part by advances in streaming analytics. It is a significant advancement over GIS since it supports real-time data streams and large datasets, as well as new methods for evaluating stream data.

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Based on cloud type, Hybrid Cloud segment to grow at a higher CAGR during the forecast period

A hybrid cloud is a cloud computing environment that is a mix of both public cloud and private cloud. It helps organizations enhance their data centers by deploying data on a multi-cloud platform. Various benefits, such as agility, scalability, and cost optimization features, are boosting the adoption of hybrid cloud analytics solutions in the global cloud analytics market. Enterprises are adopting hybrid cloud as it helps them overcome complexities related to the traditional IT environments.

Based on vertical, the Energy and Utilities segment is expected to grow at a higher CAGR during the forecast period

Streaming analytics are gaining acceptance among all verticals to improve profitability and reduce overall costs. The major verticals adopting streaming analytics software are BFSI, Telecommunication and IT, Retail and eCommerce, Healthcare and Life Sciences, Manufacturing, Government, Energy and Utilities, Transportation and Logistics, Media and Entertainment, Other Verticals (travel & hospitality and education). Energy and utilities, by vertical segment, is expected to grow at a higher CAGR during the forecast period

Based on organization size, SMEs segment to grow at the highest CAGR during the forecast period

The SMEs are organizations with an employee strength of less than 1,000. SMEs are also implementing streaming analytics software that enable better orientation in the complex building providing streaming-based analytics and tracking functionalities. SMEs are also implementing streaming analytics, which enables companies to adopt the analytics of data streaming and sensor data from grids to provide real-time insights on operational performance. The adoption of new technologies tailored to streaming analytics environments has helped companies identify the broad risk areas under various functional units, such as supply chain operations for product delivery.

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North America to hold the largest market size during the forecast period

North America is estimated to account for the largest market share during the forecast period. In North America, sales and marketing and location intelligence are considered highly effective by most organizations and verticals. On the other hand, Europe is gradually incorporating these advanced solutions within its enterprises. APAC is witnessing a substantial rise in the adoption of streaming analytics owing to the increasing digitalization and rising demand for centrally managed systems.

Major Streaming Analytics Market vendors include IBM (US), Google (US), Oracle (US), Microsoft (US), SAS (US), SAP (Germany), Cloudera (US), Teradata (US), TIBCO (US), AWS (US), Software AG (Germany), Informatica (US), Impetus (US), HPE (US), Intel (US), Iguazio (Israel), Conviva (US), Axonize (Israel), Adobe (US), Altair (US), Mphasis (India), Striim (US), INTECO (Canada), WSO2 (US), SQLstream (US), EsperTech (US), Materialize (US), StarTree(US), Crosser (Sweden), Quix (UK), Lenses (UK), BangDB (India), Imply (US), Coralogix (US), Ververica (US), StreamSets (US). These market players have adopted various growth strategies, such as partnerships, collaborations, and new product launches, to expand have been the most adopted strategies by major players from 2019 to 2021, which helped companies innovate their offerings and broaden their customer base.

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Growing Technical Advancements in DevOps Technologies and Their Rising Demand for Optimizing Business Operations to Drive the Global DevOps Market by…

January 12, 2022 | Author: admin

The DevOps market is projected to flourish immensely by 2027 due to growing technical advancements in DevOps technologies and their increasing need in business optimization. The cloud deployment sub-segment is expected to be the most lucrative. Market in the North America region is anticipated to witness better growth opportunities.

New York, USA, Jan. 12, 2022 (GLOBE NEWSWIRE) -- According to the report published by Research Dive, the global DevOps market is estimated to garner a revenue of $23,362.8 million by 2027 and grow at a healthy CAGR of 22.9% over the forecast period from 2020-2027. The comprehensive report offers a concise outline of the DevOps markets present framework including chief facets of the market such as growth factors, hindrances, restraints and several opportunities during the estimated period of 2020-2027. The report also provides all the market figures to help new entrants analyze the market easily.

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Download FREE Sample Report of the Global DevOps Market: https://www.researchdive.com/download-sample/2801

Dynamics of the DevOps Market:

Drivers: Increasing demand for advanced technologies to run business operations smoothly is the main factor expected to drive the growth of the global DevOps market during the forecast timeframe. In addition, growing need for fast and constant application delivery systems among businesses is projected to further boost the market growth by 2027.

Opportunities: Continuous involvement of innovative technologies like Artificial Intelligence (AI) and Machine Learning (ML) to offer reliable DevOps platforms and solutions is estimated to offer ample growth opportunities for the DevOps market by 2027.

Restraints: Exorbitant costs of advanced DevOps technologies is the main factor predicted to restraint the market growth during the forecast period.

Story continues

Covid-19 Impact on the DevOps Market:

The onset of the Covid-19 pandemic has disrupted several businesses and markets, however, the global DevOps market remained unaffected and witnessed immense growth. Strict lockdowns and mobility restrictions imposed by governments worldwide led to growing demand for implementing advanced cloud systems and platforms to enhance business growth. In addition, enterprises began switching to digital transformation services to restart their businesses and emphasize on secured IT infrastructures. These factors boosted the global DevOps market growth during the analysis timeframe.

Check out How COVID-19 impacts the Global DevOps Market: https://www.researchdive.com/connect-to-analyst/2801

Segments of the DevOps Market:

The report has fragmented the DevOps market into a few segments based on solution, deployment, end-user, and region.

Solution: Monitoring and Performance Management Sub-segment to be Most Dominant

By solution, the monitoring and performance management solution sub-segment is expected to hold a dominant market share and register a revenue of $6,410.3 million by 2027. This dominance is due to wide utilization of DevOps tools for full stack operations and infrastructure monitoring and performance management. This includes databases, cloud networks, app and web servers, and others. In addition, continuous monitoring of customer behavior is essential for gaining timely insights on response times for client satisfaction. These factors are estimated to drive the growth of the sub-segment during the analysis timeframe.

Check out all Information and communication technology & media Industry Reports: https://www.researchdive.com/information-and-communication-technology-and-media

Deployment: Cloud Deployment to be Most Lucrative

By deployment, the cloud type sub-segment accounted for $2,944.2 million in 2019 and is projected to witness significant growth rate throughout the markets analysis period. Advantages of DevOps cloud-based platforms like easy access to files at any time, less costs for deployment, lower testing and operation costs, etc. are predicted to boost the growth of the DevOps markets sub-segment by 2027. In addition, rising demand for software automations among enterprises is estimated to further propel the sub-segments growth during the forecast period.

End-user: Small and Medium Enterprises Sub-segment to be Most Profitable

By end-user, the small and medium enterprises sub-segment of the global DevOps market is estimated to have a significant market size and grow at a stable rate throughout the analysis years. Wide adoption of DevOps solutions for software optimization and development services to reinforce business is expected to boost the sub-segments growth by 2027. Moreover, benefits of DevOps like faster testing, designing, etc. is expected to further accelerate the sub-segments growth during the forecast timeframe.

Access Varied Market Reports Bearing Extensive Analysis of the Market Situation, Updated With The Impact of COVID-19: https://www.researchdive.com/covid-19-insights

Region: North America Region to Witness Better Growth Opportunities

By region, the market in the North America region is anticipated to have the highest market share due to the existence of technically advanced economies like the US and Canada. Moreover, the US is a significant hub for emerging technologies that encourage enterprises to adopt DevOps platforms and services. These factors are predicted to boost the market growth in the North America region by 2027.

Key Players of the DevOps Market

1. Alphabet2. Hewlett Packard Enterprise Development, LP3. IBM4. Amazon Web Services5. Broadcom6. Microsoft7. Cigniti8. Oracle9. Alibaba Group Holding Limited10. Micro Focus

These players are working on building strategies such as product enhancement, merger and acquisition, partnerships and collaborations to assist the market development.

For instance, in December 2021, Stacklet Inc., a commercial cloud governance platform, announced its decision to collaborate in compliance-as-a-code platform that automatically groups related notifications to later route them to correct stakeholders and integrate combine with the existing workflows. This will help businesses comply with a wide array of mandates by adopting DevOps solutions.

The report also sums up many crucial facets of the DevOps market including financial performance of the key players, SWOT analysis, product portfolio, and newest strategic developments. Click Here to Get Absolute Top Companies Development Strategies Summary Report.

TRENDING REPORTS WITH COVID-19 IMPACT ANALYSIS

Cognitive Cloud Computing Market: https://www.researchdive.com/2800/cognitive-cloud-computing-market

Quantum Computing Market: https://www.researchdive.com/8332/quantum-computing-market

Communication Intelligence (COMINT) Market: https://www.researchdive.com/8420/communication-intelligence-comint-market

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