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IoT in Smart Cities Market to Register 23.3% CAGR till 2028; Increasing Development Initiatives from Governments to Augment Market Growth: Fortune Business Insights™

Key Companies Covered in IoT in Smart Cities Market Research Report Are IBM, Cisco Systems, Inc., Intel Corporation, Huawei Technologies Co., Ltd., Microsoft Corporation, Tech Mahindra Limited, Siemens AG, Robert Bosch GbmH, PTC Ltd., Schneider Electric Infrastructure Ltd., Arm Limited, Quantela Inc., Hitachi High-Tech Corporation, Sierra Wireless, SAP SE, Deutsche Telekom AG, Verizon Communication Inc., AGT International, Qualcomm Technologies, Inc.Pune, India, March 23, 2021 (GLOBE NEWSWIRE) — The global IoT in smart cities market size is projected to reach USD 582.38 billion by 2028, exhibiting a CAGR of 23.3% during the forecast period. Fortune Business Insights™ shares this information in its report, titled “IoT in Smart Cities Market, 2021-2028”. As per the report, the value of the market stood at USD 110.56 billion in 2020. The Internet of Things (IoT) is looked upon as a breakthrough technology for mankind. It is constantly utilized to make our world a smarter place to live. Going by the books, our interaction with the technology dates back to 1974 as the first machine ever made on the IoT platform was the Automated Teller Machine (ATM). Today, it is utilized for a wide range of applications right from the watch on our wrists to the satellites orbiting our planet. COVID-19 Strategies to Set Foundation for Smart Cities in the Long Run The impact of COVID-19 has been full of challenges for the IoT in the smart cities market. Worldwide infrastructure development projects have been put on hold due to the outbreak. However, the strategies implemented in order to handle the crisis are predicted to be the foundation of a well-prepared world with smart capabilities. The steps taken by governments and likely bodies worldwide to manage the pandemic will help in the process of the smart cities projects, helping the market in the long run. Click here to get the short-term and long-term impact of COVID-19 on this market. Please visit: https://www.fortunebusinessinsights.com/enquiry/queries/iot-in-smart-cities-market-105029 Market Segmentation We have categorized the market on the basis of component, application, and geography. In terms of type, the market is divided into solutions and services. Based on application, it is fragmented into smart building, smart healthcare, smart energy, smart transportation, public safety, smart infrastructure, and others. On the basis of geography, it is segmented into North America, Europe, South America, Asia Pacific, and the Middle East & Africa. What Does the Report Offer? The report provides a detailed analysis of the key market aspects, namely, the dominant companies, end-users, and leading product types. Apart from this, the report contains tangible insights into the current & upcoming market trends and highlights prominent industry developments. In addition to these factors, the report supplies a holistic understanding of the main drivers, restraints, and segments that are contributing to the growth of the market. Request To Sample PDF Brochure: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/iot-in-smart-cities-market-105029 Driving factor Increasing Number of Smart Cities Projects Worldwide to Drive Growth The rapid increase in the number of initiatives taken by governments worldwide to transform urban areas into sustainable and smart cities is projected to drive the global IoT in smart cities market growth. For instance, the Government of India has funded USD 14 billion on the National Smart Cities Mission for the development of 100 major cities in the country. Under this project, the government will focus on building better infrastructure, improving basic facilities, and providing better sanitation using the latest technologies. In addition, the emergence of 5G technology will play a significant role in increasing the demand for IoT in smart cities. The Groupe Spécial Mobile Association (GSMA) suggests that the number of 5G connections worldwide will reach 1.2 billion by 2025, which is a positive trend for the IoT in the smart cities market. The projects involved with the market are highly-data driven and require a robust network to analyze the piling data. The utilization of 5G will help in optimizing their efficiency. Hence, the rapid expansion of 5G infrastructure will complement the growth of IoT in smart cities. Regional Insights Rapid Urbanization in Major countries to Help Asia Pacific Gain Leading Share The market value of Asia Pacific was USD 42.05 billion in 2020. The region is estimated to dominate the IoT in the smart cities market during the forecast period. Rapid urbanization in major countries including India, China, and Japan is the key driver estimated to enhance the market share in the region. For instance, according to a report published by the United Nations in 2019, more than 505 of the population in the region lives in cities. The market in Europe is predicted to register flourishing growth backed by the increasing number of smart city projects in the region. For instance, the Horizon 2020 research and innovation programme backed by the European Union has announced to fund SmartEnCity, a project to build sustainable urban cities in the region. Competitive Landscape Strategic Alliances among Industry Leaders to Help Find New Applications Prominent enterprises operating in the IoT in the smart cities market are focusing on collaborating with leading ICT specialists and other major manufacturers in order to find cutting-edge solutions for several applications. For instance, in October 2020, Bentley Systems, a software development company based in the U.S., joined hands with Microsoft Corporation to develop smart city solutions. Under this partnership the companies will together work on developing the infrastructure for sustainable, advanced cities. Speak to Analyst: https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/iot-in-smart-cities-market-105029 Industry Developments: In December 2019, Schneider Electric Infrastructure Ltd. one of the leading energy distribution equipment manufacturers in India, introduced Easy Homes solutions in the country. The solution is designed using the IoT technology and helps customers manage their power equipment at home. In June 2020, Siemens AG, a German multi-industry company, joined hands with Salesforce Inc. to develop a new workplace technology. The solution will help companies to offer a safer experience to their employees after reopening worldwide. List of Key Companies Covered in the IoT in Smart Cities Market Report: IBM Corporation (New York, United States)Cisco Systems, Inc. (California, United States)Intel Corporation (California, United States)Huawei Technologies Co., Ltd. (Shenzhen, China)Microsoft Corporation (Washington, United States)Tech Mahindra Limited (Pune, India)Siemens AG (Munich, Germany)Robert Bosch GbmH (Gerlingen, Germany)PTC Ltd. (Boston, United States)Schneider Electric Infrastructure Ltd. (Rueil-Malmaison, France)Arm Limited (Cambridge, United Kingdom)Quantela Inc. (California, United States)Hitachi High-Tech Corporation (Tokyo, Japan)Sierra Wireless (Richmond, Canada)SAP SE (Walldorf, Germany)Deutsche Telekom AG (Bonn, Germany)Verizon Communication Inc. (New York, United States)AGT International (Zurich, Switzerland)Qualcomm Technologies, Inc. (California, United States) Quick Buy – IoT in Smart Cities Market Research Report: https://www.fortunebusinessinsights.com/checkout-page/105029 Detailed Table of Content Introduction Definition, By SegmentResearch Methodology/ApproachData Sources Key TakeawaysMarket Dynamics Macro and Micro Economic IndicatorsDrivers, Restraints, Opportunities and TrendsImpact of COVID-19 Short-term ImpactLong-term Impact Competition Landscape Business Strategies Adopted by Key PlayersConsolidated SWOT Analysis of Key PlayersPESTLE AnalysisPorter’s Five Force Analysis Global IoT in Smart Cities Key Players Market Share Insights and Analysis, 2020Key Market Insights and Strategic RecommendationsPrimary Interviewee’s Key ResponsesCompanies Profiled (Covered for key 10 players only) Overview Key ManagementHeadquarters etc. Offerings/Business SegmentsKey Details (Key details are subjected to data availability in public domain and/or on paid databases) Employee SizeKey Financials Past and Current RevenueGross MarginGeographical ShareBusiness Segment Share Recent Developments TOC Continued.. Get your Customized Research Report: https://www.fortunebusinessinsights.com/enquiry/customization/iot-in-smart-cities-market-105029 Have a Look at Related Research Insights: Mobile Virtual Network Operator (MVNO) Market Size, Share & COVID-19 Impact Analysis, By Operational Model (Reseller MVNO, Service Provider MVNO, and Full MVNO), By Service Type (Postpaid and Prepaid), By Subscriber (Business and Individual/Residential), and Regional Forecast, 2021-2028 Cyber Security Market Size, Share & COVID-19 Impact Analysis, By Component (Solution and Services), By Deployment Type (Cloud and On-Premise), By Enterprise Size (Small & Medium Enterprise and Large Enterprise), By Industry (BFSI, IT and Telecommunications, Retail, Healthcare, Government, Manufacturing, Travel and Transportation, Energy and Utilities and Others) and Regional Forecast, 2021-2028 Enterprise A2P SMS Market Size, Share & COVID-19 Impact Analysis, By Deployment (On-Premises, and Cloud), By Application (Pushed Content Services, Customer Relationship Management Services, Promotion and Marketing, Interactive Services, and Others), By End User (BFSI, Retail and E-commerce, Travel and Hospitality, Healthcare, Media and Entertainment, and Others), and Regional Forecast, 2021-2028 Big Data as a Service (BDaaS) Market Size, Share & COVID-19 Impact Analysis, By Solution (Hadoop-as-a-Service, Data-as-a-Service and Data Analytics-as-a-Service), By Deployment Model (Public Cloud, Private Cloud and Hybrid Cloud), By Industry (BFSI, Retail and E-Commerce, IT & Telecom, Healthcare, Government, Manufacturing and Others) and Regional Forecast, 2021-2028 Cloud Based Contact Center Market Size, Share & COVID-19 Impact Analysis, By Component (Solutions and Services), By Deployment (Public, Private, and Hybrid), By Organization Size (Large Organizations, Small and Medium-Sized Organizations), By Vertical (Banking, Financial Services, and Insurance, ITES, IT and Telecom, Government, Healthcare, Consumer Goods and Retail, Travel and Hospitality) and Regional Forecast, 2020-2027 About Us: Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in. Contact Us: Fortune Business Insights™ Pvt. Ltd.308, Supreme Headquarters,Survey No. 36, Baner,Pune-Bangalore Highway,Pune – 411045, Maharashtra, India.Phone:US :+1 424 253 0390UK : +44 2071 939123APAC : +91 744 740 1245Email: sales@fortunebusinessinsights.comLinkedIn: https://www.linkedin.com/company/fortune-business-insightsFacebook: https://www.facebook.com/FortuneBusinessInsightsPvtLtd

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The Internet is Littered in ‘Educated Guesses’ Without the ‘Education’

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Although no one likes a know-it-all, they dominate the Internet.

The Internet began as a vast repository of information. It quickly became a breeding ground for self-proclaimed experts seeking what most people desire: recognition and money.

Today, anyone with an Internet connection and some typing skills can position themselves, regardless of their education or experience, as a subject matter expert (SME). From relationship advice, career coaching, and health and nutrition tips to citizen journalists practicing pseudo-journalism, the Internet is awash with individuals—Internet talking heads—sharing their “insights,” which are, in large part, essentially educated guesses without the education or experience.

The Internet has become a 24/7/365 sitcom where armchair experts think they’re the star.

Not long ago, years, sometimes decades, of dedicated work and acquiring education in one’s field was once required to be recognized as an expert. The knowledge and opinions of doctors, scientists, historians, et al. were respected due to their education and experience. Today, a social media account and a knack for hyperbole are all it takes to present oneself as an “expert” to achieve Internet fame that can be monetized.

On the Internet, nearly every piece of content is self-serving in some way.

The line between actual expertise and self-professed knowledge has become blurry as an out-of-focus selfie. Inadvertently, social media platforms have created an informal degree program where likes and shares are equivalent to degrees. After reading selective articles, they’ve found via and watching some TikTok videos, a person can post a video claiming they’re an herbal medicine expert. Their new “knowledge,” which their followers will absorb, claims that Panda dung tea—one of the most expensive teas in the world and isn’t what its name implies—cures everything from hypertension to existential crisis. Meanwhile, registered dietitians are shaking their heads, wondering how to compete against all the misinformation their clients are exposed to.

More disturbing are individuals obsessed with evangelizing their beliefs or conspiracy theories. These people write in-depth blog posts, such as Elvis Is Alive and the Moon Landings Were Staged, with links to obscure YouTube videos, websites, social media accounts, and blogs. Regardless of your beliefs, someone or a group on the Internet shares them, thus confirming your beliefs.

Misinformation is the Internet’s currency used to get likes, shares, and engagement; thus, it often spreads like a cosmic joke. Consider the prevalence of clickbait headlines:

  • You Won’t Believe What Taylor Swift Says About Climate Change!
  • This Bedtime Drink Melts Belly Fat While You Sleep!
  • In One Week, I Turned $10 Into $1 Million!

Titles that make outrageous claims are how the content creator gets reads and views, which generates revenue via affiliate marketing, product placement, and pay-per-click (PPC) ads. Clickbait headlines are how you end up watching a TikTok video by a purported nutrition expert adamantly asserting you can lose belly fat while you sleep by drinking, for 14 consecutive days, a concoction of raw eggs, cinnamon, and apple cider vinegar 15 minutes before going to bed.

Our constant search for answers that’ll explain our convoluted world and our desire for shortcuts to success is how Internet talking heads achieve influencer status. Because we tend to seek low-hanging fruits, we listen to those with little experience or knowledge of the topics they discuss yet are astute enough to know what most people want to hear.

There’s a trend, more disturbing than spreading misinformation, that needs to be called out: individuals who’ve never achieved significant wealth or traded stocks giving how-to-make-easy-money advice, the appeal of which is undeniable. Several people I know have lost substantial money by following the “advice” of Internet talking heads.

Anyone on social media claiming to have a foolproof money-making strategy is lying. They wouldn’t be peddling their money-making strategy if they could make easy money.

Successful people tend to be secretive.

Social media companies design their respective algorithms to serve their advertisers—their source of revenue—interest; hence, content from Internet talking heads appears most prominent in your feeds. When a video of a self-professed expert goes viral, likely because it pressed an emotional button, the more people see it, the more engagement it receives, such as likes, shares and comments, creating a cycle akin to a tornado.

Imagine scrolling through your TikTok feed and stumbling upon a “scientist” who claims they can predict the weather using only aluminum foil, copper wire, sea salt and baking soda. You chuckle, but you notice his video got over 7,000 likes, has been shared over 600 times and received over 400 comments. You think to yourself, “Maybe this guy is onto something.” What started as a quest to achieve Internet fame evolved into an Internet-wide belief that weather forecasting can be as easy as DIY crafts.

Since anyone can call themselves “an expert,” you must cultivate critical thinking skills to distinguish genuine expertise from self-professed experts’ self-promoting nonsense. While the absurdity of the Internet can be entertaining, misinformation has serious consequences. The next time you read a headline that sounds too good to be true, it’s probably an Internet talking head making an educated guess; without the education seeking Internet fame, they can monetize.

______________________________________________________________

 

Nick Kossovan, a self-described connoisseur of human psychology, writes about what’s

on his mind from Toronto. You can follow Nick on Twitter and Instagram @NKossovan.

 

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Tight deadlines on software projects can put safety at risk: survey

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TORONTO – A new survey says a majority of software engineers and developers feel tight project deadlines can put safety at risk.

Seventy-five per cent of the 1,000 global workers who responded to the survey released Tuesday say pressure to deliver projects on time and on budget could be compromising critical aspects like safety.

The concern is even higher among engineers and developers in North America, with 77 per cent of those surveyed on the continent reporting the urgency of projects could be straining safety.

The study was conducted between July and September by research agency Coleman Parkes and commissioned by BlackBerry Ltd.’s QNX division, which builds connected-car technology.

The results reflect a timeless tug of war engineers and developers grapple with as they balance the need to meet project deadlines with regulations and safety checks that can slow down the process.

Finding that balance is an issue that developers of even the simplest appliances face because of advancements in technology, said John Wall, a senior vice-president at BlackBerry and head of QNX.

“The software is getting more complicated and there is more software whether it’s in a vehicle, robotics, a toaster, you name it… so being able to patch vulnerabilities, to prevent bad actors from doing malicious acts is becoming more and more important,” he said.

The medical, industrial and automotive industries have standardized safety measures and anything they produce undergoes rigorous testing, but that work doesn’t happen overnight. It has to be carried out from the start and then at every step of the development process.

“What makes safety and security difficult is it’s an ongoing thing,” Wall said. “It’s not something where you’ve done it, and you are finished.”

The Waterloo, Ont.-based business found 90 per cent of its survey respondents reported that organizations are prioritizing safety.

However, when asked about why safety may not be a priority for their organization, 46 per cent of those surveyed answered cost pressures and 35 per cent said a lack of resources.

That doesn’t surprise Wall. Delays have become rampant in the development of tech, and in some cases, stand to push back the launch of vehicle lines by two years, he said.

“We have to make sure that people don’t compromise on safety and security to be able to get products out quicker,” he said.

“What we don’t want to see is people cutting corners and creating unsafe situations.”

The survey also took a peek at security breaches, which have hit major companies like London Drugs, Indigo Books & Music, Giant Tiger and Ticketmaster in recent years.

About 40 per cent of the survey’s respondents said they have encountered a security breach in their employer’s operating system. Those breaches resulted in major impacts for 27 per cent of respondents, moderate impacts for 42 per cent and minor impacts for 27 per cent.

“There are vulnerabilities all the time and this is what makes the job very difficult because when you ship the software, presumably the software has no security vulnerabilities, but things get discovered after the fact,” Wall said.

Security issues, he added, have really come to the forefront of the problems developers face, so “really without security, you have no safety.”

This report by The Canadian Press was first published Oct. 8, 2024.

Companies in this story: (TSX:BB)

The Canadian Press. All rights reserved.

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Beware of scams during Amazon’s Prime Big Deal Days sales event: cybersecurity firm

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As online shoppers hunt for bargains offered by Amazon during its annual fall sale this week, cybersecurity researchers are warning Canadians to beware of an influx of scammers posing as the tech giant.

In the 30 days leading up to Amazon’s Prime Big Deal Days, taking place Tuesday and Wednesday, there were more than 1,000 newly registered Amazon-related web domains, according to Check Point Software Technologies, a company that offers cybersecurity solutions.

The company said it deemed 88 per cent of those domains malicious or suspicious, suggesting they could have been set up by scammers to prey on vulnerable consumers. One in every 54 newly created Amazon-related domain included the phrase “Amazon Prime.”

“They’re almost indiscernible from the real Amazon domain,” said Robert Falzon, head of engineering at Check Point in Canada.

“With all these domains registered that look so similar, it’s tricking a lot of people. And that’s the whole intent here.”

Falzon said Check Point Research sees an uptick in attempted scams around big online shopping days throughout the year, including Prime Days.

Scams often come in the form of phishing emails, which are deceptive messages that appear to be from a reputable source in attempt to steal sensitive information.

In this case, he said scammers posing as Amazon commonly offer “outrageous” deals that appear to be associated with Prime Days, in order to trick recipients into clicking on a malicious link.

The cybersecurity firm said it has identified and blocked 100 unique Amazon Prime-themed scam emails targeting organizations and consumers over the past two weeks.

Scammers also target Prime members with unsolicited calls, claiming urgent account issues and requesting payment information.

“It’s like Christmas for them,” said Falzon.

“People expect there to be significant savings on Prime Day, so they’re not shocked that they see something of significant value. Usually, the old adage applies: If it seems too good to be true, it probably is.”

Amazon’s website lists a number of red flags that it recommends customers watch for to identify a potential impersonation scam.

Those include false urgency, requests for personal information, or indications that the sender prefers to complete the purchase outside of the Amazon website or mobile app.

Scammers may also request that customers exclusively pay with gift cards, a claim code or PIN. Any notifications about an order or delivery for an unexpected item should also raise alarm bells, the company says.

“During busy shopping moments, we tend to see a rise in impersonation scams reported by customers,” said Amazon spokeswoman Octavia Roufogalis in a statement.

“We will continue to invest in protecting consumers and educating the public on scam avoidance. We encourage consumers to report suspected scams to us so that we can protect their accounts and refer bad actors to law enforcement to help keep consumers safe.”

Falzon added that these scams are more successful than people might think.

As of June 30, the Canadian Anti-Fraud Centre said there had been $284 million lost to fraud so far this year, affecting 15,941 victims.

But Falzon said many incidents go unreported, as some Canadians who are targeted do not know how or where to flag a scam, or may choose not to out of embarrassment.

Check Point recommends Amazon customers take precautions while shopping on Prime Days, including by checking URLs carefully, creating strong passwords on their accounts, and avoiding personal information being shared such as their birthday or social security number.

The cybersecurity company said consumers should also look for “https” at the beginning of a website URL, which indicates a secure connection, and use credit cards rather than debit cards for online shopping, which offer better protection and less liability if stolen.

This report by The Canadian Press was first published Oct. 8, 2024.

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