Worldwide semiconductor revenue in 2023 totaled $533 billion, a decrease of 11.1% from 2022, according to preliminary results by Gartner. However, Nvidia heavily outperformed the market and moved into the top five spot for the first time, due, according to Gartner, to its activities in the AI market.

“While the cyclicality in the semiconductor industry was present again in 2023, the market suffered a difficult year with memory revenue recording one of its worst declines in history,” said Alan Priestley, VP Analyst at Gartner.

“The underperforming market also negatively impacted several semiconductor vendors. Only 9 of the top 25 semiconductor vendors posted revenue growth in 2023, with 10 experiencing double-digit declines,” continued Priestley.

The combined semiconductor revenue of the top 25 semiconductor vendors, according to Gartner, declined 14.1% in 2023, accounting for 74.4% of the market, down from 77.2% in 2022.

Following the underperformance of memory vendors in 2023, the ranking of the top 10 semiconductor vendors changed year-over-year, but with Intel retaining the number one spot from Samsung, after two years in second position. Gartner information shows that Intel’s 2023 revenue totalled $48.7 billion while Samsung’s revenue reached $39.9 billion.

The Nvidia 2023 semiconductor revenue grew 56.4% to total $24 billion, propelling the company into the top five for the first time ever. This is due to its leading position in the artificial intelligence (AI) silicon market.

Additionally, ST Microelectronics moved up three slots to secure the number 8 spot – the same position it held in 2019. Its revenue increased 7.7% in 2023, largely driven by a strong position in the automotive segment.

Memory revenue declined 37% in 2023

Revenue for memory products declined 37% in 2023, experiencing the biggest decline of all the segments in the semiconductor market. “Smartphones, PCs and servers, three of the largest segments for DRAM and NAND, faced weaker than expected demand and excess channel inventory, especially in the first half of 2023,” said Joe Unsworth, VP Analyst at Gartner. In 2023, DRAM revenue declined 38.5% to total $48.4 billion and NAND flash revenue decreased from 37.5% to $36.2 billion.

Nonmemory revenue fared better and declined 3% in 2023. The market witnessed weaker demand and excess channel inventory negatively impacted the segment throughout the year.

“Unlike the memory vendors, most non-memory vendors experienced a relatively benign pricing environment in 2023,” said Unsworth. “The demand for non-memory semiconductors for AI applications was the strongest growth driver, with the automotive sector (especially electric vehicles), defense and aerospace industries, also outperforming most other application segments.”

Zenitel, the leading provider of critical communication solutions, launched unified critical communication solutions for healthcare customers.

Hospitals and healthcare facilities must manage stressful situations from a high number of emergency services, staff, patients, and visitors. In addition, staff shortage and burnout have put immense strain on hospital operations.

Ensuring a safe environment for patients, staff, and visitors is a key priority for every healthcare facility. Security teams must remain informed to mitigate risks and to ensure that all essential operations remain functional. Medical staff require the right tools to deliver patient care effectively while ensuring a safe and secure environment.

Zenitel’s healthcare communication solutions are designed to assist healthcare facility owners by automating daily tasks which reduces demand on healthcare workers. With more than 120 years of audio experience, Zenitel is committed to delivering unified critical communication solutions that empower medical security teams and contribute to the overall safety and well-being of patients and staff.

With integration to other security platforms, like video management, surveillance, access control and building management system, Zenitel’s unified critical communication solutions, including the Turbine Extended Intercom, IP Operating Room (OR) Master Station, IP Network Ceiling Speaker, Turbine Extended Intercom with Card Reader, and more, offer better situational awareness within hospitals and allow hospital teams to act on what they see and hear.

“By incorporating audio into the security mix, healthcare facilities can add value to video-based security system and transform from being reactive to proactive for any security threats within hospital facilities,” says Sri Sutharsan, Head of Marketing and Segment Solutions, Safety and Security, Zenitel.

Click here to learn more about Zenitel’s IP intercom and speaker solutions for healthcare facilities.

Contact: Sylvie Hagege

sylvie.hagege@zenitel.com

Gallagher has appointed Merv Williams as Chief Marketing Officer (CMO). Williams will lead the development and delivery of Gallagher Security’s global marketing strategy across key markets including Australia, New Zealand, Asia, the UK, Europe, and IMEA, reporting to Chief Executive – Security, Mark Junge.

Says Junge: “Merv is a highly experienced career marketer and a well-respected member of the Gallagher team. His continued stewardship of our brand evolution will be at the forefront of marketing efforts to accelerate growth and lift market recognition within the international security tech ecosystem.”

Of his appointment to CMO Williams says: “Stepping into this role at such an exciting time in our journey is a real privilege – Gallagher is 85 years young, and we are driving innovation and opening up new market opportunities across the globe on an almost daily basis – it’s a seriously great place to be”.

Williams joined Gallagher Security at their global headquarters in Hamilton, New Zealand two years ago; first as Brand and PR Manager, and recently as acting CMO. Previously, he has held leadership roles at marketing and creative agencies and was General Manager for global brands serving the construction sector.

Marketsandmarkets has published a new report revealing that the global cyber security market size is projected to grow from USD 190.4 billion in 2023 to USD 298.5 billion by 2028 at a CAGR of 9.4% during the forecast period. The expansion of the cyber security market is primarily driven by the escalating number and sophistication of cyber threats as organisations and individuals increasingly operate in a digitally interconnected world.

The widespread adoption of technologies like cloud computing, the IoT, and AI further amplifies the need for robust cyber security measures. Additionally, stringent regulatory requirements for data protection across various industries compel businesses to enhance their cyber security frameworks. The rapid digital transformation, coupled with a heightened awareness of cyber risks, also plays a crucial role in fueling the growth of the cyber security market.

Historically healthcare lags in cyber security investment

The healthcare and life sciences sector is expected to grow at the highest CAGR in the cyber security market for several reasons. The sector deals with vast amounts of sensitive personal health information, making it a prime target for cyber attacks. With the increasing use of technology in healthcare, such as electronic health records and connected medical devices, there is a larger surface for potential cyber threats. These technologies, while improving patient care and operational efficiency, also create vulnerabilities that need strong cyber security measures. Additionally, the healthcare sector must comply with stringent regulations regarding patient data protection, like HIPAA in the US. Historically, the healthcare sector has not been as heavily invested in cyber security as others, which means there is a lot of ground to cover quickly.

A growing number of complex threats

The solutions segment in the cyber security market is anticipated to have the largest market size due to several key factors. Firstly, the growing number of cyber threats, which are becoming more complex, requires sophisticated and comprehensive cyber security solutions. These threats are no longer limited to large organisations but affect businesses of all sizes and individuals, broadening the market for cyber security solutions. Secondly, the rapid digital transformation across various industries has made businesses more reliant on digital infrastructure. This shift demands robust cyber security measures to protect sensitive data and ensure business continuity.

Additionally, as companies increasingly adopt technologies like cloud computing, the IoT, and AI, the need for advanced security solutions to safeguard these technologies becomes more pronounced. Furthermore, regulatory requirements across the globe are becoming stricter in terms of data protection, pushing companies to invest in reliable cybersecurity solutions to comply with these regulations. All these factors contribute to the growing market size of the solutions segment in the cybersecurity landscape.

The biggest growth in digital activity in Asia

The Asia Pacific region, encompassing well-established economies like China and Japan and emerging economies like India, is poised for the highest CAGR during the forecasted period due to several key factors. Rapid economic growth in the Asia Pacific region led to a significant increase in digitalisation across businesses and government sectors, creating a larger target for cyber threats. This surge in digital activities necessitates stronger cyber security measures. Additionally, the region is experiencing a rapid expansion in internet usage and smartphone adoption, further increasing the need for robust digital security. Many countries in the Asia Pacific are also developing and enforcing stricter data protection regulations, compelling businesses to enhance their cyber security infrastructure.

Market players

There is a wide range of players in this market including large conglomerates and multi-national corporations, most are from the US, with a few from other countries such as the UK, Ireland, India, U.A.E and Finland.  Some of those mentioned by the researchers in the report, for example, are IBM, Cisco, Microsoft, Palo Alto Networks, Fortinet, Check Point, Trellix, Trend Micro, Rapid7, Micro Focus, AWS, Oracle, Accenture, Cyberark, SentinelOne, Qualys, F-secure, F5, RSA Security, Sophos.

Vigan, on the west coast of Luzon island, is the only city in the Philippines to be recognized by UNESCO as a World Heritage City. The city government wanted to upgrade their ordinary sound system to an advanced conference system to host international conferences such as the UNESCO World Heritage Committee (WHC) meeting. It was important that the aesthetics of the historic city hall not be compromised. They also wanted a flexible solution that could be used in local meetings.

 A flexible solution that fits into the historic venue

The decision was made in favour of the DICENTIS Wireless Conference System from Bosch. It has advanced yet easy-to-use features. For example, the wireless discussion device has a 4.3-inch touchscreen designed for fast, intuitive operation. The system offers the flexibility to host conferences with international participants as well as local meetings. DICENTIS also addresses all health and safety concerns regarding microphone sharing among attendees.

Not only does the system allow for quick and easy transport and set-up at various locations, but it also does not compromise the integrity of the historic site. No cables need to be laid or holes drilled.

Suitable for different meetings and locations

Joven Cura, General Manager of Comsec iTech Corporation, said, “The end-user easily adapted to the system due to the user-friendly menu that they can access via laptop or through their mobile phone or tablet.”

The new solution was specified and installed by intelligent building technology specialists Comsec iTech Corporation, from Makati City, Philippines and includes 41 wireless devices with long-stem microphones, a single wireless access point, recording software, Li-ion battery packs and chargers, and transport cases.

“The ease of installation for meetings outside the City Hall has made the DICENTIS wireless conference system the ideal solution for Vigan City’s upgrade,” Joven Cura stated.

Addsecure, a leading provider of secure IoT connectivity and end-to-end solutions, has been nominated for the prestigious IoT Global Awards in two categories.

The company’s IoT connectivity platform, Link, has been recognised in the “Securing IoT” category for its performance and innovation. Additionally, Addsecure’s CEO, Stefan Albertsson, has been nominated for the coveted “CxO of the Year” award.

The IoT Global Awards presents a prestigious awards programme honouring some of the most innovative companies, products, and individual talent in 11 IoT industry categories. Each year an independent and qualified panel of judges selects 11 of the very best corporations, companies, start-ups, and business leaders from the IoT sector, from hundreds of applications. Addsecure’s nominations in two categories demonstrate the company’s commitment to delivering secure and cutting-edge IoT solutions.

“I’m delighted that we’ve secured a spot on the shortlist for the esteemed IoT Global Awards in two categories. I take special pride in the nomination of our secure IoT connectivity solution, Link, for the title of Best Secure IoT Product/Service of the Year. This recognition affirms the value of our innovative solution, which not only streamlines operations and scales effortlessly but also enhances global safety without requiring specialized safety expertise from users,“ says Stefan Albertsson, CEO of Addsecure.

Addsecure’s IoT connectivity platform, Link, in combination with Mobile Network Operator aggregation, offers a comprehensive solution for secure IoT connectivity. By integrating SIM cards into VPN clouds, the platform ensures the establishment of secure mobile subscriptions for businesses of all sizes. Its user-friendly interface and scalability make it an ideal choice for companies seeking reliable and efficient IoT connectivity solutions.

The winners of the 2024 IoT Global Awards will be announced on Friday, February 16, 2024.