IoT security services will reach US$16.8 billion by 2026 with focus primarily around secure device management, network security, secure data hosting, over-the-air device management and firmware updates, according to a latest research by ABI Research. “The fervent expansion of IoT communications and interconnected assets has become a rather attractive target for cyberattacks, which have been … Read more
Hellman & Friedman is looking to raise at least $1 billion in equity from investors for Hub International Ltd., in a potential deal valuing the insurance brokerage at $30 billion, according to people familiar with the matter. The private equity firm is working with Morgan Stanley and Goldman Sachs Group Inc. on the so-called liquid … Read more
As the Internet of Things (IoT) continues to expand, the need for secure communication between devices is becoming critical. Public Key Infrastructure (PKI) is emerging as a vital technology to ensure this security, with ABI Research forecasting that the PKI-IoT market will reach a staggering US$5 billion by 2030. This growth is largely driven by … Read more
Alibaba Group Holding is spearheading China’s Big Tech sector in the race for global leadership in artificial intelligence (AI) technology and infrastructure with its spending plan, competing with US giants like Apple and Microsoft for first-mover advantage, analysts said. The e-commerce leader’s 380 billion yuan (US$52.4 billion) capital expenditure for computing resources and AI infrastructure … Read more
The Indian IoT market is expected to reach US$9.28 billion by 2025 from US$4.98 billion in 2020, driven mostly by changes in enterprise behaviour triggered by the COVID-19 pandemic and verticals’ focus on automation are driving the market. According to latest analysis by Frost & Sullivan, the growth of IoT adoption in the country is … Read more
