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Insights on the Digital Security Control Global Market to 2027 – Strategic Recommendations for New Entrants – GlobeNewswire

October 17, 2020 | Author: admin

Dublin, Oct. 16, 2020 (GLOBE NEWSWIRE) -- The "Digital Security Control - Global Market Outlook (2019-2027)" report has been added to ResearchAndMarkets.com's offering.

According to the report, the Global Digital Security Control Market accounted for $13.15 billion in 2019 and is expected to reach $40.22 billion by 2027, growing at a CAGR of 15% during the forecast period.

High-level safety attains by biometric technologies and extensive growth of information security is the major factors propelling the market growth. However, they require for high-priced and difficult tools are hampering the market growth.

Digital security control essentially deals with the protection and safety of an individual's digital identification and other types of interactions that are being carried out in the world of digitalization. It is the network or a type of Internet equivalent of individual physical identity. Digital security comprises dissimilar tools which are being used to safe the physical identity of the subscriber, assets, and the technology in the mobile and online world.

Based on the hardware, the smart card segment is going to have a lucrative growth during the forecast period due to its heavy existence in the online payment segment which proposes superior security by limiting the security risk. By geography, North America is going to have a lucrative growth during the forecast period due to the increasing demand for digital security systems in the telecommunication and internet security industry in this region. Increasing demand in commercial, industrial, transportation, and mobile security industries would provide the market growth in this region.

Some of the key players profiled in the Digital Security Control Market include 3M, Fireeye, Inc., Gemalto NV, HID Global (Actividentity, Inc.), Morpho S.A.S (Safran), NEC Corporation, Oberthur Technologies, RSA Security LLC, Safenet, Inc., and Vasco Data Security International, Inc.

Software's Covered:

Services Covered:

Hardware's Covered:

Applications Covered:

What the report offers:

Key Topics Covered:

1 Executive Summary

2 Preface2.1 Abstract2.2 Stake Holders2.3 Research Scope2.4 Research Methodology2.4.1 Data Mining2.4.2 Data Analysis2.4.3 Data Validation2.4.4 Research Approach2.5 Research Sources2.5.1 Primary Research Sources2.5.2 Secondary Research Sources2.5.3 Assumptions

3 Market Trend Analysis3.1 Introduction3.2 Drivers3.3 Restraints3.4 Opportunities3.5 Threats3.6 Application Analysis3.7 Emerging Markets3.8 Impact of COVID-19

4 Porters Five Forces Analysis4.1 Bargaining Power of Suppliers4.2 Bargaining Power of Buyers4.3 Threat of Substitutes4.4 Threat of New Entrants4.5 Competitive Rivalry

5 Global Digital Security Control Market, By Software5.1 Introduction5.2 Web Technologies5.3 Security Management5.4 Network Surveillance5.5 Anit-Phishing5.5.1 Firewall5.5.2 Antivirus5.6 Authentication5.6.1 Biometric5.6.2 Turing Test

6 Global Digital Security Control Market, By Service6.1 Introduction6.2 Four-Factor Authentication6.3 Three-Factor Authentication6.4 Two-Factor Authentication

7 Global Digital Security Control Market, By Hardware7.1 Introduction7.2 Biometric Technologies7.3 Security Tokens7.4 Subscriber Identity Module Card (SIM)7.5 Smart Card7.5.1 Contact Smart Card7.5.2 Contactless Smart Card

8 Global Digital Security Control Market, By Application8.1 Introduction8.2 Mobile Security and Telecommunication8.3 Industrial8.4 Healthcare8.5 Commercial8.6 Banking Financial Services and Insurance (BFSI)

9 Global Digital Security Control Market, By Geography9.1 Introduction9.2 North America9.2.1 US9.2.2 Canada9.2.3 Mexico9.3 Europe9.3.1 Germany9.3.2 UK9.3.3 Italy9.3.4 France9.3.5 Spain9.3.6 Rest of Europe9.4 Asia-Pacific9.4.1 Japan9.4.2 China9.4.3 India9.4.4 Australia9.4.5 New Zealand9.4.6 South Korea9.4.7 Rest of Asia-Pacific9.5 South America9.5.1 Argentina9.5.2 Brazil9.5.3 Chile9.5.4 Rest of South America9.6 Middle East & Africa9.6.1 Saudi Arabia9.6.2 UAE9.6.3 Qatar9.6.4 South Africa9.6.5 Rest of Middle East & Africa

10 Key Developments10.1 Agreements, Partnerships, Collaborations and Joint Ventures10.2 Acquisitions & Mergers10.3 New Product Launches10.4 Expansions10.5 Other Key Strategies

11 Company Profiling11.1 3M11.2 Fireeye, Inc.11.3 Gemalto NV11.4 HID Global (Actividentity, Inc.)11.5 Morpho SAS (Safran)11.6 NEC Corporation11.7 Oberthur Technologies11.8 RSA Security LLC11.9 Safenet, Inc.11.10 Vasco Data Security International, Inc.

For more information about this report visit https://www.researchandmarkets.com/r/3e8mlq

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

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Insights on the Digital Security Control Global Market to 2027 - Strategic Recommendations for New Entrants - GlobeNewswire

More than 25% of Cypriots concerned about internet security – Cyprus Mail

October 17, 2020 | Author: admin

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More than 25% of Cypriots concerned about internet security - Cyprus Mail

5 things you can do to secure your home office without hiring an expert – We Live Security

October 17, 2020 | Author: admin

You dont need a degree in cybersecurity or a bottomless budget to do the security basics well here are five things that will get you on the right track

Many home offices are merely a corporate tentacle complete with a virtual private network (VPN), remotely managed workstations with IT experts at the corporate offices doing the heavy lifting. But others lack virtually any kind of IT super-sleuth to sort things out and that means that the end user is the IT staff, like it or not.

If this is you, not to worry. Since this weeks theme of Cybersecurity Awareness Month is Securing devices at home and work, here are five things you can do to secure your home office without an advanced degree in cybersecurity or a budget in the millions. Before we dig in, the first point is really just to get started. Some security is far better than none, and since its so easy to get overwhelmed by the technology and give up, were happy youre still reading and hope you will prepare and jump in.

These days, the router that you use for internet access does far more than you might think. It has a firewall, some security options, wireless connectivity and a host of other options. If you pay US$50 extra and get a business-class router, it will come stuffed with extra security options like stateful packet inspection firewall, Denial-of-Service (DoS) protection, content filtering and others. You dont have to be an expert in some of the crazier security features, but business routers are usually more secure out-of-the-box, and have good support to tell you what to enable. Some come with threat feeds built in, so they keep up with blocking the latest badness. Also, remember to check for updated firmware when installing the router, and periodically check with the manufacturer, say once a month, for updates.

Use security software that includes multiple layers of protection; indeed, todays security suites tend to have stacks of security and are not just one-dimensional antiviruses anymore. Also, keep your operating system and applications updated, ideally automatically the updates matter because they often include patches for critical vulnerabilities. If you havent already, now is the time to implement full-disk encryption even if working from home, you may have off-site meetings you take your laptop to, and the risk of physical theft is never zero. Speaking of which, its hard to overstate the importance of regular backups.

You may not worry about having your device stolen by your relatives or housemates, and yet they may cause some trouble for you or your employer, even if unintentionally. Make sure you have a dedicated secure workstation you use for work and protect access to data stored on it by a strong password or passphrase that you dont share with anybody else. Put bluntly, if everyone has the password, its not really a password. By extension, your family shouldnt really use the device for things like chatting with friends or streaming movies. Also, set short timeout intervals so that the device locks itself automatically when not in use. And perhaps your virtual friend, such as Alexa or Siri, could do with some time off when you have calls or video meetings involving sensitive data.

Fraudsters of all ilk didnt take long to catch onto the then-new reality, using the virus as a cover story in a barrage of COVID-19-themed scams and spam. The virus is now firmly entrenched in our minds and cybercriminals have by no means let up on their efforts to siphon off business funds or hold organizations data for ransom including by exploiting the remote work trend and the physical separation between co-workers. Business Email Compromise (BEC) fraud, for example, has for long been a major money-maker, and the losses are only expected to climb further amid the pandemic. To counter that, scrutinize all email messages and avoid clicking on any links or attachments especially in unsolicited emails, since they may be attempts to part you from your account credentials or to download malware onto the device. Be highly suspicious of urgent requests and verify them through an alternative communication channel before sending money or data.

Its amazing what you can learn by down-to-earth podcasts or videos on security. Theres also an endless number of free or low-priced courses that will give you a solid grounding in any imaginable aspect of security. Dont pick one thats written high above your head, though; instead, find some you can easily understand that take you through the basics a step at a time. Weve previously compiled a list of free online courses about security, which also might be worth reviewing. Put bluntly, blissful ignorance should not be an option.

While we all have new worries these days, the old worries and cyberthreats havent gone anywhere; quite the contrary, in fact. You may still be relatively new to remote work and may still be trying to get a handle on the new reality. That said, the current troubled times may require some change in mindset thinking of your remote office like your real office and being acutely aware of the myriad online threats that may hit particularly close to home.

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5 things you can do to secure your home office without hiring an expert - We Live Security

Beyond Speed and Reliability: Security Is a New Differentiator – Security Boulevard

October 17, 2020 | Author: admin

Homes have always been hubs; now theyre even more so. Some jobs shifted to work from home, and many children are experiencing distance learning at bedroom desks or kitchen tables or whatever is available. Traditional workplaces like large businesses, government agencies, and other organizations have resources to manage security, but most families and small and midsize businesses (SMBs) dont, even though theyre exposed to similar threats.

Now theres a need and an opportunity to deliver consistent global security protections that extend into homes and SMBs. Internet service providers (ISPs) and mobile network operators (MNOs) can build on the power of their networks to deliver safe and secure internet, anywhere its needed in the regions they serve. A number of new developments from Akamai help support this important effort.

SPS Shield is built on the Akamai Intelligent Edge Platform to make it easier for providers to offer foundational security defenses for all of their residential and SMB customers network-wide. A simplified integration effort and easy customer onboarding decrease time to market and minimize initial and ongoing overhead and investment. SPS Shield makes it easy for subscribers, too: Theres no software or hardware installation and all their devices are covered.

A 2019 survey by the National Small Business Association (NSBA) revealed internet security is one of the biggest technology challenges SMBs face. At the same time, as part of its 2020 Top 10 SMB Technology Trends, the SMB Group reported mobile is an essential enabler, and 75% of SMBs are investing in or planning to invest in mobile technologies.

SPS Remote, an optional feature of SPS Secure Business, is a new thin client for iOS and Android devices that is designed to protect workers on untrusted Wi-Fi networks. Also built on the Akamai Intelligent Edge Platform, SPS Remote is a monetizable service that gives providers control over the business model and pricing. Turnkey development only requires the specification of look-and-feel design elements to create a fully-branded, customer-ready application.

Akamais carrier organization is also executing a new direction to further enhance security and safety with innovative technology deployed on customer premises equipment (CPE) that improves threat visibility and control and enhances the in-home and in-business user experience. Roll out of these new capabilities will start at the end of 2020, with successive layers of features introduced throughout 2021.

Akamai is heavily engaged with ISPs and MNOs worldwide. New products like SPS Shield and SPS Remote allow providers to respond quickly in todays fast-changing world and demonstrate a commitment to protecting subscribers at a time when everyone is challenged and stressed. Best of all, theres an opportunity to move beyond speed and reliability, and differentiate based on security. Click here to learn more.

There will be more opportunities to engage with us on this and more at Edge Live | Adapt. Sign up to see how customers are leveraging these improvements, engage in technical deep dives, and hear from our executives how Akamai is evolving for the future.

Nationwide and Generali Global Assistance Partner to Enhance Identity Theft Protection – Insurance News Net

October 17, 2020 | Author: admin

COLUMBUS, Ohioand BETHESDA, Md., Oct. 13, 2020 /PRNewswire/ --Cybersecurity issues are running rampant as the world is rapidlygoing digital. This presents independent agents with a unique opportunity to help their clients protect against cyber risks including threats that are off most consumers' radar. A new Nationwide survey finds that only 13% of consumers have cyber insurance, and less than a third (32%) they feel prepared to fend off a potential cyberattack1.

To further protect consumers from these attacks, Nationwide and Generali Global Assistance (GGA) today announced the launch of a personal cyber protection services within the Identity Theft Protection Program available to Nationwide customers to help protect them from an increasing number of cybersecurity threats and attacks. The new features provide an added layer of protection to consumers' identity security with online data protection, data recovery and home internet security restoration, and 24/7 identity theft resolution with cyber advice.

"When it comes to cyberattacks, it's not a matter of if it will happen to you, but when," said Catherine Rudow, Nationwide's vice president of cyber insurance. "There are a growing number of concerning vulnerabilities for consumers who are frankly unaware of how easily a cyberattack could happen to them. Now is an important time for insurance agents to talk to their customers about cybersecurity solutions and best practices."

Additional features include:

"As more of our daily lives become intertwined with the internet and scammers add additional tools to create more sophisticated schemes, greater attention must be paid to how people protect themselves while online. We believe that monitoring alone is no longer enough," said Paige Schaffer, CEO, Global Identity and Cyber Protection Services. "We're enhancing Nationwide's Identity Theft Protection Program with tools that look to proactively safeguard their customers' personal data and identity. Our expanded service offers a variety of tools in addition to the identity theft monitoring and resolution servicesthat we've been providing to Nationwide customers for the past 15 years."

Generali Global Assistance has been providing identity theft resolution and monitoring services to Nationwide customers since 2005. Among the products and services included in Nationwide's Identity Theft Protection Program are a $25,000 identity theft reimbursement, identity protection portal, dark web monitoring, credit report and score monitoring, as well as identity theft resolution services.Nationwide ID Theft insurance can be added to most Nationwide policies for just $45 a year.

About NationwideNationwide, a Fortune 100 company based in Columbus, Ohio, is one of the largest and strongest diversified insurance and financial services organizations in the United States. Nationwide is rated A+ by both A.M. Best and Standard & Poor's. An industry leader in driving customer-focused innovation, Nationwide provides a full range of insurance and financial services products including auto, business, homeowners, farm and life insurance; public and private sector retirement plans, annuities and mutual funds; excess & surplus, specialty and surety; pet, motorcycle, and boat insurance.For more information, visitwww.nationwide.com. Follow us onFacebookandTwitter.

Nationwide, Nationwide is on your side and the Nationwide N and Eagle are service marks of Nationwide Mutual Insurance Company. 2020

About Generali Global Assistance Generali Global Assistance has been a leading provider of identity and cyber protection solutions, travel insurance, and other assistance services for more than 35 years. The Company offers a full suite of innovative, vertically integrated travel insurance and emergency services, identity protection solutions, and beneficiary companion services. Generali Global Assistance is part of the multinational Generali Group, which for over 185 years has created a presence in 60 countries with over 71,000 employees. Our success has been built on the foundation of trust that clients have placed in our ability to provide assistance in the most difficult of circumstances.

To learn more about Generali Global Assistance's identity protection offering, please visitwww.irisidentityprotection.com

1 Nationwide Agent Authority survey: https://news.nationwide.com/100120-consumers-and-business-owners-are-underprepared-for-evolving-cyberthreats/

Contact:Lyndsey Kleven(614) 249-6349KLEVEL1@nationwide.com

Contact: Jay Morakis(646) 859-5951JMORAKIS@mgroupsc.com

SOURCE Generali Global Assistance

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Nationwide and Generali Global Assistance Partner to Enhance Identity Theft Protection - Insurance News Net

Global Internet of Things (IoT) Security Product Market 2020 Impact of COVID-19, Future Growth Analysis and Challenges | Cisco Systems, Inc, IBM…

October 17, 2020 | Author: admin

Global Internet of Things (IoT) Security Product Market Research report 2020 provides detailed analysis of industry status and outlook of major regions based on of key players, countries, product types, and end industries. This research report offers the overall analysis of the segments such as market opportunities, import/export details, market dynamics, key manufacturers, growth rate, and key regions. Global Internet of Things (IoT) Security Product market research report consist information according to the manufacturers, regions, type, and application.

According to the report, the Internet of Things (IoT) Security Product market is set to grow at a CAGR of xx% over the forecast period (2019-2027) and exceed a value of US$ XX by the end of 2027. The global Internet of Things (IoT) Security Product market offers the company profile of major key players including progress trends, competitive landscape breakdown, and key in regions development status.

Leading companies reviewed in the Internet of Things (IoT) Security Product Market report are: Cisco Systems, IncIBM CorporationInfineon TechnologiesIntel CorporationSymantec CorporationArm Holdings PLCCheck Point Software Technologies LtdTrend Micro, IncPTC, IncGemalto NVSophos Group PLCInside SecureWurldtech Security Technologies

Available Sample Report in PDF Version along with Graphs and Figures@ https://www.apexmarketsresearch.com/report/global-internet-of-things-iot-security-product-market-647880/#sample

Covid-19 pandemics create the negative impact on the majority of the developed and developing economies around the globe. Report covers the income impact investigation, interruptions and new open doors in the gracefully chain, overhauled merchant scene blend, new open doors mapping, and others. Also offers the various solutions and recovery options to solve this COVID-19 pandemic.

Global Internet of Things (IoT) Security Product Market Segmentation by Type: Network SecurityEndpoint SecurityApplication SecurityCloud SecurityOthers

Global Internet of Things (IoT) Security Product Market Segmentation by Applications:Building and Home AutomationSmart Energy and UtilitiesSmart ManufacturingConnected LogisticsSmart RetailSmart Mobility and TransportationOthers

Market Segmentation, By regions:

The report covers different geographical areas that are studied systematically and other profitable scenarios are offered to assist new entrants, leading market players, and investors to regulate emerging economies.

The global Internet of Things (IoT) Security Product research report focuses on the potential tradeoff between the quality and price; industry stakeholders which are actively leveraging the potential across the various applications, such as product design, quality control, maintenance, as well as consumer engagement among others.

Do enquire to get a strategic overview of the market, Access Research Methodology Prepared By Experts at: https://www.apexmarketsresearch.com/report/global-internet-of-things-iot-security-product-market-647880/#inquiry

Important Points Covered by Report:

Access Full Report, here: https://www.apexmarketsresearch.com/report/global-internet-of-things-iot-security-product-market-647880/

There are 13 Chapters to display the Global Internet of Things (IoT) Security Product market:

Chapter 1: Market Overview, Drivers, Restraints and Opportunities, Segmentation overviewChapter 2: Market Competition by ManufacturersChapter 3: Production by RegionsChapter 4: Consumption by RegionsChapter 5: Production, By Types, Revenue and Market share by TypesChapter 6: Consumption, By Applications, Market share (%) and Growth Rate by ApplicationsChapter 7: Complete profiling and analysis of ManufacturersChapter 8: Manufacturing cost analysis, Raw materials analysis, Region-wise manufacturing expensesChapter 9: Industrial Chain, Sourcing Strategy and Downstream BuyersChapter 10: Marketing Strategy Analysis, Distributors/TradersChapter 11: Market Effect Factors AnalysisChapter 12: Market ForecastChapter 13: Internet of Things (IoT) Security Product Research Findings and Conclusion, Appendix, methodology and data source.

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Global Internet of Things (IoT) Security Product Market 2020 Impact of COVID-19, Future Growth Analysis and Challenges | Cisco Systems, Inc, IBM...

Global Internet of Things or IoT Security Market to Reach $22 Billion+ Valuation by 2027, Largely Due to Blockchain Adoption – Crowdfund Insider

October 17, 2020 | Author: admin

The global internet of things (IoT) security market is expected to be valued at around $20.77 billion by 2027, which means that its expanding at a very significant compounded annual growth rate (CAGR) of 32.3 %.

As noted in a release, the rise in the adoption of blockchain or distributed ledger technology (DLT) for enhanced security should play a key role in the growth of the IoT security market.

A report, titled IoT Security Market Size, Share & COVID-19 Impact Analysis, reveals that the market size of the security-related IoT sector stood at approximately $2.22 billion in 2019.

The release further noted:

The coronavirus crisis has disrupted the supply chain of every industry around the world. this health emergency has negatively impacted various sectors across the globe. Rising support from governments and several companies can help in the fight against this highly infectious virus. There are some industries that are struggling and some are thriving. More or less, nearly every sector is estimated to be impacted by this pandemic.

There are many AI and DLT-focused platforms that are using various IoT-enabled solutions to streamline operations in several key industries.

For instance, Ocean Protocols artificial intelligence (AI) and machine learning (ML) algorithms will be running various analytics programs, in order to identify or uncover energy generation and consumption patterns that can inform improved renewable energy grid integration and Internet of Things (IoT) device optimization for distributed energy sources or DERs.

As reported in August 2020, Alibaba Cloud will be offering cloud services and training and guidance (through mentorship programs) to healthcare and Fintech startups in the Southeast Asia region. These initiatives will be supported with the latest technologies including AI and the Internet-of-Things (IoT) in order to address key business and healthcare needs.

As covered in March 2020, London-based Fintech firm Finastra revealed that its customers will be able to use Active.Ais conversational artificial intelligence (AI)-based retail banking app, which was integrated with the FusionFabric.cloud platform.

Active.Ai is accessible via the FusionStore. Finastra is offering banks and its credit union customers the option to access AI avatars, so that they can interact with clients and members 24/7 across multiple channels.

Active.Ais customer support platform uses intelligent virtual assistants, and offers automation and quality customer engagement at reduced costs. Active.Ais conversational banking solution uses natural language processing (NLP) and machine intelligence to help clients with engaging in natural conversations via messaging, voice, or internet-of-things (IoT) devices.

IoT-based solutions have been adopted by all of the worlds major economies. Indias economy is on track to become one of the worlds largest by 2030.

The new Indian economy is now largely based on innovative tech thats transforming traditional business models. AI, quantum computing, analytics, Fintech, and Internet of Things (IoT) are fundamentally changing and improving how people conduct business in India and globally.

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Global Internet of Things or IoT Security Market to Reach $22 Billion+ Valuation by 2027, Largely Due to Blockchain Adoption - Crowdfund Insider

Is BlackBerry (TSX:BB) Stock a Buy on the Latest News? – The Motley Fool Canada

October 17, 2020 | Author: admin

BlackBerry (TSX:BB)(NYSE:BB) continues to announce security partnerships with global firms. Is this the time to add BlackBerry stock to your contrarian portfolio?

BlackBerry recently announced a partnership with Microsoft Teams to help governments and large organizations manage crisis events. The BlackBerry AtHoc system provides organizations with end-to-end crisis communication capabilities.

BlackBerrys critical event platform now integrates with Microsofts real-time collaboration platform. The partnership provides a boost to BlackBerrys status as a leader in secure communications.

BlackBerry has an opportunity in the current global environment to ramp up revenue in its Spark security solutions group. The pandemic forced people to work from home in the past seven months, and it appears the trend will continue, even beyond COVID-19.

Corporations ranging from leading tech giants to financial institutions say they will shift to hybrid systems, where people split their work time between home and the office. Microsoft recently said it will allow employees to work from home 50% of the time. Some other firms are going 100% remote.

The situation presents security challenges for businesses of all sizes. In an office environment, it is easy for the firm to control internet security, since everyone is using company hardware.

In the work-from-home environment, however, people are accessing the companys systems and communicating with clients using a wide range of devices and service providers. The bring-your-own-device trend was already in place ahead of the crisis, but it is likely to expand in the new era of remote work.

BlackBerry is a leader in providing secure connections in the Internet of Things (IoT) world. the IoT industry hasnt ballooned as quickly as anticipated, but that could change.

The expansion of 5G networks will enhance the ability of wireless data collection for homes and businesses. The safe transfer of the data from the device to the storage location is critical, and BlackBerry is positioned well to play a major role across a wide variety of industries.

BlackBerry trades near $6.75 per share. The stock started 2020 around $8.50 and was at $17 in early 2018 when hype around IoT hit a high point. Long-term watchers of the stock remember the glory days when BlackBerry dominated the smartphone market and traded above $100 per share.

BlackBerry has a large portfolio of great security products and solutions, including its QNX group that has its software installed in 175 million vehicles, and the Spark business that delivers security to assist companies with remote workers.

However, the company continues to disappoint investors on revenue and earnings.

The 2019 acquisition of Cylance for $1.4 billion positioned BlackBerry to be the planets leading AI cybersecurity company. Unfortunately, the deal hasnt delivered the anticipated revenue boost, but better days could be on the horizon.

Why?

Things should improve across the board in 2021, especially in the the Spark division, which is seeing demand improve for work-from-anywhere solutions. The auto industry should also have a stronger 2021, as the industry normalizes.

I wouldnt back up the truck, but patient investors might want to consider a small position in BlackBerry stock near this level. The tide could finally turn next year for BlackBerry and its investors.

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Teresa Kersten, an employee of LinkedIn, a Microsoft subsidiary, is a member of The Motley Fools board of directors. The Motley Fool owns shares of and recommends Microsoft. The Motley Fool recommends BlackBerry and recommends the following options: long January 2021 $85 calls on Microsoft and short January 2021 $115 calls on Microsoft. Fool contributor Andrew Walker has no position in any stock mentioned.

4 Reasons Why Now Is the Best Time to Start With Quantum Computing – Medium

October 15, 2020 | Author: admin

Quantum computing is a rapidly developing field, with everyone trying to build the perfect hardware, find new applications for current algorithms, or even develop new algorithms. Because of that, the near-future demand for quantum programmers and researchers will increase shortly.

Many governmental and industrial institutions have set aside substantial funds to develop quantum technologies. The Quantum Daily (TQD) estimated the current market for quantum computing to be around $235 million. This number is predicted to grow substantially to $6.25 billion by 2025.

This incredible amount of funds leads to an increase in the number of academia, government, and industry positions. Almost all technology companies are changing their business model to adapt to when quantum technology makes an impact.

TQD also adds that the U.S. Bureau of Labor Statistics estimates that in 2020 so far, there are around 1.4 million more quantum software development jobs than applicants who can fill them.

In 2019, MIT published an article called Q&A: The talent shortage in quantum computing that addressed the different challenges the field faces right now. Afterward, it developed MIT xPRO, a group addressing the reality that students arent the only people interested in learning about the different aspects of quantum information.

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4 Reasons Why Now Is the Best Time to Start With Quantum Computing - Medium

Menlo Micro, a startup bringing semiconductor tech to the humble switch, is ready for its closeup – TechCrunch

October 15, 2020 | Author: admin

Sixteen years ago a group of material scientists and engineers at General Electric banded together to reinvent the circuit breaker. Now, Menlo Microsystems, the spin-off commercializing that technology, is ready to bring its revolutionary new switches to market, with huge implications for everything from 5G technologies to quantum computing.

Based in Irvine, California, Menlo Micro takes its name from the Menlo Park, New Jersey research lab where Thomas Edison patented the first light switch back in 1893 and the companys ties to GE run deep.

Researchers at GE spent more than a decade working internally on Menlo Micros core technology, a novel process that applies semiconductor manufacturing techniques to the production of micro electro-mechanical systems, before spinning it out into a new business five years ago.

Using a novel alloy, Menlo Micro is able to reduce the size of the switches it makes to 50 microns by 50 microns, or roughly the width of a human hair. This miniaturization can enable hardware manufacturers to come up with completely new designs for a host of products that used to require much larger components.

The micro electro-mechanical system that we use to make this thats not new, said Russ Garcia, the companys chief executive. The problem was the first level innovation is how do you take a mechanical switch like the light switch or a relay and scale that down to a wafer.

Many companies have tried to make MEMs contact switches, spending hundreds of millions of dollars, but Garcia said that the reliability and durability of the switches was always an issue. The material science behind Menlos switches solves the problem, he said.

Menlos switches pack lots and lots of MEMS relays onto a single chip that can function like a massive mechanical relay, reducing something that was the size of a fist to something the size of a microchip.

The companys founders think the potential uses are pretty limitless, thanks to the massive size reduction and increased durability that its switches offer.

Closeup of a Menlo Micro switch. Image Credit: Menlo Micro

One way to look at this is in edge and IOT applications, said company co-founder Chris Giovanniello, a former vice president of business development at GE Ventures and Menlo Micros current senior vice president of worldwide marketing. What we tend to think about and what most of the industry thinks about is low energy Bluetooth and Wi-Fi and low power processing for decision making. Once youve sensed it, communicated it and made a decision, you have to do something about it.

Initially Menlo Micro spun out from GE with Giovanniello and co-founders including chief technology officer Chris Keimel and Jeff Baloun, the senior vice president of operations. Garcia, who saw the companys initial pitch at a semiconductor conference where GE was touting the technology, was brought on board by one of Menlo Micros early investors, Paladin Capital Group.

Paul Conley of Paladin Capital sent me this deck and said Wow there might be something there. We met Chris and then met up with the other Chris they wanted me to help out with strategy, Garcia said. He wound up coming on board as a founding executive.

Current solid state technologies tasked with making something happen based on the data currently use more power than the rest of the systems that theyre tied to. Menlo Micros chips would substantially reduce energy loss and improve the efficiency of entire systems, he said.

If you think of the light switch in your house, its two metal contacts that come together. If that contact is really good and clean the electricity flows through very efficiently and when you turn it off no electricity can flow through and [nothing] happens at all, said Garcia, a longtime executive in the MEMS industry. In a semiconductor, theres loss in that contact. When you run a transistor on it it allows the energy to flow through but loses some of that energy in heat, and when you turn it off it allows some of that energy to flow through. When you take the billions of switches all of that incremental energy is completely lost.

The benefits of the technology mean demand from the defense industry, which wants to put the new switches in radar, radio and satellite networks. Commercial applications include Wi-Fi connectivity, 5G cell networks and for radio frequency and microwave switching. Consumers could see the switches in cell phones meaning fewer dropped calls, higher speeds and capacity for data, and longer battery life.

Menlo has already sent samples from its production line to 30 lead customers in aerospace and defense, telecommunications and test and measurement. And the company has raised $44 million in new funding from investors, including Nest founder Tony Fadells Future Shape Group, to boost its production capacity to meet potential demand.

The concept of an ideal switch was theoretical something companies have been working to achieve for decades until Menlo Micro, said Marianne Wu, the former head of GE Ventures and current managing director of 40 North Ventures, which led Menlo Micros latest round. We are incredibly excited to work with such a dynamic, experienced team on a core technology that is disrupting nearly every industry.

Series of Menlo Micro switches on a circuit board. Image Credit: Menlo Micro

Over the last 30 months, Menlo Micro said it has completed the transfer and qualification of its manufacturing process, moving from a four-inch research fab to a new eight-inch high-volume manufacturing line.

That means the company is able to increase production for its initial products and boost its capacity. With the qualification in hand, the company expects to bring production up to over 100,000 units per month by the end of 2020 and reach production capacity for millions of switches per month in 2021.

So beyond telecommunications and defense, there are target markets in energy storage, automotive and aerospace because of the miniaturization while quantum computing companies are interested in the technology because of its durability.

The relay is a large mechanical device that you can hold in your hand and used in many applications for turning on and off the power that goes to an industrial piece of equipment to your car to motors that need to be driven, said Giovanniello. Theyre very hard to integrate because theyre so big. We can take the electrical characteristics of having a true metal to metal on low-loss connection and then, when its open theres an air gap that no current can flow through We can integrate [the switches] into completely different architectures.

Ultimately, Giovanniello said the go-to-market strategy is to focus on the rule of 99.

Were able to reduce the size, the weight and the power of the box that [the switch] is going into by up to 99%. Thats a huge improvement in infrastructure and cost, he said.

For companies developing quantum computers, the value proposition is not just about the size of the MEMS, but the durability of the alloy that Menlo Micro has developed. For quantum, you have to have devices that operate at close to absolute zero Semiconductors dont work down to those temperatures so they use old-fashioned mechanical relays [which] can take hours to get back to temperature, Giovanniello said. Our materials are so robust they work [at temperatures] down to a few milikelvins.

Its this flexibility and the potential redesign of old industrial technologies that havent been updated for nearly a century that has enabled the company to bring in $78 million in funding from investors, including Piva, Paladin Capital Group, Vertical Venture Partners, Future Shape and strategic investors like Corning and Microsemi.

For 40+ years, the industry has been searching for a switch that has the perfect combination of the electromechanical relay and the silicon transistor, said Tony Fadell, in a statement. [This technology] is a tiny, efficient, reliable micro-mechanical switch with unmatched RF-performance and, counterintuitively, high-power handling of 1,000s of Watts. As our world moves to the electrification and wireless of everything, Menlo Micros deep innovation is already triggering massive cross-industry upheaval.

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