Lawful interception (LI) is legally approved official access to private communications, such as telephone calls or e-mail messages. LI is a process in which a service provider or network operator offers law enforcement officials access to private individuals or organizations’ communications. In lawful interception, law enforcement agencies (LEAs) conduct electronic surveillance as authorized by jurisdiction or administration to track illegal activities. Countries are drafting and enacting laws to regulate lawful interception procedures to avoid threats due to cybercrime. According to a study published by Insure Insights, the global lawful interception market is anticipated to grow at a high CAGR
Top Driver: Advancements in Communication Technology and An Increase in Complexities in Communication Systems
Advancements in communication technology are the major factors responsible for the lawful interception (LI) market’s growth. An increase in complexities in communication systems has fueled the need for advanced LI processes. Some of the communication channels that are commonly intercepted include VoIP, Email, NGN, images, MMS, SMS, images, and telephony. Lawful interception laws have made it mandatory for network providers to have an interception system for intercepting communication data. Law enforcement agencies (LEAs) need to have warrants for tracking communication channels that need to be submitted to the network operators before intercepting the data communication channel. Thus, the lawful interception (LI) market is expected to grow rapidly during the forecast period.
Automobiles to Make Crucial Contribution to Growth of Global Cognitive Computing Market
Among end use segments of the global cognitive computing market, automobiles is predicted to show significant growth in future. on the basis of type the market is segmented into Grain-Oriented Steel, Non-Grain-Oriented Steel. On the basis of application, the market is segmented into Transformers, Motors, Inductors, Others. the transformers segment is expected to witness high growth in the forecast period.
Rising Investments in Cognitive Intelligence and Research to Benefit North America Market
North American countries such as the US are predicted to maximize their spending on AI and cognitive intelligence technologies in future. This could prepare a strong foundation for the developed region to secure a leading position in the global cognitive computing market. The strong presence of AI and cognitive scientists and research institutes could be another factor strengthening the growth of the regional cognitive computing market.
Players to Focus on Expanding Applications in Complex Computing, Healthcare, Finance
The global cognitive computing market is expected to stay fragmented with the increase in the number of new entrants in the coming years. Intel, IBM, and Microsoft among others could be at the forefront of the competition in the global cognitive computing market.
Intel: In its 2020 Vision series, Intel has broadly explained the evolution of cognitive computing. The tech giant has made heavy investments in neuromorphic systems. Late in 2019, it announced the inclusion of Hitachi, GE, Airbus, and Accenture in the Intel Neuromorphic Research Community. In July 2019, it announced the availability of its 64-Loihi research chip neuromorphic system Pohoiki Beach for neural-inspired algorithm applications such as path planning, SLAM, and sparse coding.
IBM: IBM Watson cognitive computing technologies are popular in the global market. In March 2020, IBM Watson Health partnered with EBSCO Information Services to combine cloud-based tools, NLP, and drug and disease content to improve clinical decision support in healthcare. In the same month, IBM announced the addition of new capabilities to IBM Watson to help businesses better analyze, understand, and identify the most challenging aspects of human language.
Microsoft: Microsoft and insurance company Swiss Re formed an alliance mainly focusing on the creation of Swiss Re’s new Digital Market Center with the help of Microsoft Azure AI, IoT, data analytics, and cloud technologies. Microsoft’s commercial strength helped the tech leader to achieve a 14% increase in FY20 Q2 revenue with net income reaching US$11.6 billion.
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