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Automated Breach and Attack Simulation (ABAS) Market Growth, Trends and Driving Growth

Automated Breach and Attack Simulation (ABAS) Market Growth, Trends and Driving Growth

Yahoo27-01-2025

The Automated Breach and Attack Simulation (ABAS) market is experiencing remarkable growth, driven by the increasing complexity of cyber threats and the demand for proactive security solutions. As of 2024, the global ABAS market is valued at approximately USD 447.88 million, with projections indicating substantial growth, reaching USD 6,312.98 million by 2032, reflecting a CAGR of 39.2% from 2025 to 2032.
Luton, Bedfordshire, United Kingdom, Jan. 27, 2025 (GLOBE NEWSWIRE) -- Breach and attack simulation (BAS) tools play a crucial role in proactive cybersecurity by continuously simulating real-world attack scenarios. This helps organizations detect vulnerabilities and assess their defenses, ensuring robust systems that can withstand cyber threats. Continuous testing also allows for regular updates to security protocols, adapting to evolving threats.
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The market is driven by advancements in AI and ML, which enhance the capabilities of BAS tools. These technologies enable simulations of sophisticated attack scenarios with greater precision and real-time analysis, reducing manual testing efforts. AI and ML also help BAS tools learn from past data and adapt to emerging threats, ensuring up-to-date defenses.
As organizations undergo digital transformations, adopting cloud computing, IoT, and mobile platforms, BAS tools become essential in managing the growing complexity and expanding attack surfaces of modern IT environments. They provide scalable, automated testing to safeguard these dynamic infrastructures.
Market Drivers
Escalating Cybersecurity Threats: The growing sophistication and frequency of cyberattacks—such as ransomware, phishing, and advanced persistent threats—are prompting organizations to adopt ABAS solutions to proactively identify and address vulnerabilities.
Regulatory Compliance: Stringent global data protection regulations are pushing organizations to implement advanced security measures, making ABAS an essential tool for ensuring compliance and protecting sensitive information.
Technological Advancements: The integration of AI and machine learning into ABAS platforms is significantly enhancing their ability to simulate complex attack scenarios and providing deeper insights into potential security gaps.
Market Challenges
Lack of Skilled Professionals: Implementing and managing ABAS solutions requires specialized expertise, and the shortage of skilled cybersecurity professionals poses a significant challenge for organizations.
Complexity and Cost: The integration of ABAS solutions into existing security infrastructures can be complex and expensive, particularly for small and medium-sized enterprises (SMEs), which may struggle with budget constraints.
Regulatory Compliance: While data protection regulations are a driver for ABAS adoption, organizations must also ensure compliance with regional and industry-specific standards, which can be resource-intensive.
Market Opportunities
Cloud-Based Solutions: The increasing adoption of cloud computing offers significant opportunities for ABAS providers. Cloud-based solutions offer scalability, flexibility, and cost-effectiveness, making them attractive to organizations looking to enhance their security testing capabilities.
AI and ML Integration: The ongoing development of AI and machine learning presents opportunities to further enhance ABAS platforms, with predictive analytics and automated response mechanisms offering more proactive and adaptive security measures.
Expansion in Emerging Markets: The rapid digitalization in regions like Asia-Pacific is driving demand for robust cybersecurity solutions, providing a lucrative opportunity for ABAS vendors.
Market Segmentation
Offering: In 2023, the platforms and tools segment dominated the market, accounting for over 63% of the share. This segment is expected to continue growing, driven by the ease of integration into existing security infrastructures. The services segment, however, is projected to grow at a CAGR of 40.6% due to increasing demand for expert support in managing complex security environments.
Deployment Mode: Cloud-based solutions held the largest market share of over 54% in 2023, owing to their scalability and flexibility. On-premises deployments are expected to grow at a CAGR of 38.9%, particularly in industries with stringent regulatory requirements.
Application: The threat management application segment led the market, accounting for 34.2% of the share in 2023. The patch management segment is projected to grow at a CAGR of 41.8%, driven by the urgent need to address vulnerabilities in complex IT environments.
Competitive Landscape
The ABAS market is highly competitive, with several key players focusing on innovation and strategic partnerships to maintain a competitive edge. Notable companies include:
SafeBreach: Specializes in continuous security validation platforms to identify vulnerabilities by simulating hacker breach methods.
AttackIQ: Provides a fully managed breach and attack simulation platform, enhancing security posture through continuous assessment and improvement of security controls.
Cymulate: Offers a comprehensive platform to assess security readiness through various attack simulations, including phishing and malware attacks.
XM Cyber: Focuses on hybrid cloud security, providing platforms that continuously expose attack paths across on-premises and multi-cloud networks.
These companies are investing heavily in research and development to integrate advanced features like AI-driven analytics and real-time threat intelligence, ensuring they stay ahead in the competitive cybersecurity landscape.
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Regional Insights (2025-2034)
North America North America is projected to maintain a dominant share of the automated breach and attack simulation (ABAS) market, with continued growth driven by heightened cybersecurity awareness. Organizations in the region increasingly prioritize proactive security measures to detect and resolve vulnerabilities before cyberattacks can occur.
U.S. Trends From 2025 to 2034, the U.S. ABAS market will see significant expansion due to the growing complexity of IT environments. With the rise of interconnected systems—such as cloud services, IoT, and remote work—there is a strong demand for continuous security testing to identify vulnerabilities in real-time and ensure comprehensive protection.
Europe Trends The European market will grow at a CAGR of 40.7% through 2034, propelled by stringent data protection regulations like GDPR. These regulatory frameworks drive the demand for continuous, automated security validation to ensure compliance and safeguard sensitive data.
Asia Pacific Trends Asia Pacific is expected to experience the highest growth, with a CAGR of 43.2% from 2025 to 2034. Rapid digitalization and increasing cybersecurity investments are key drivers. The region's growing number of SMEs further supports market adoption, as smaller enterprises seek scalable and cost-effective BAS solutions to protect their digital assets.
Key Competitors in the ABAS Market
AttackIQ
SafeBreach
Cymulate
XM Cyber
Picus Security
Qualys
Rapid7
FireMon
Keysight Technologies
Skybox Security
IBM Security
ReliaQuest
Fortinet
Mandiant
Sophos
Aujas
Cytomate
Detectify
Scythe
BreachLock
Market Segmentation:● By Offering:
○ Platforms and Tools
○ Services● By Deployment Mode:
○ Cloud-Based
○ On-Premises● By Application:
○ Configuration Management
○ Patch Management
○ Threat Management
○ Others● By End User:
○ Enterprises and Data Centers
○ Managed Service Providers
Market Segmentation Insights
By Offering:
Platforms and Tools
Market Share (2023): Over 65.8%
Key Drivers: The ease of integration into existing security frameworks, along with the incorporation of AI and machine learning, enhances their ability to simulate sophisticated cyber threats efficiently.
Growth Factors: Organizations prefer platforms and tools as they provide continuous security testing without significant changes to infrastructure.
Services
CAGR (Forecast): 40.6%
Key Drivers: Outsourcing security assessments to specialized service providers due to a shortage of in-house cybersecurity expertise.
Growth Factors: Increasing demand for on-demand analyst services and training to assist organizations in handling continuous security challenges.
By Deployment Mode:
Cloud-Based
Market Share (2023): Over 60.5%
Key Drivers: Scalability and flexibility make cloud-based solutions the preferred choice for many enterprises.
Growth Factors: Easier updates and maintenance, along with cost-effectiveness, ensure that security measures remain aligned with evolving threats.
On-Premises
CAGR (Forecast): 38.9%
Key Drivers: Industries with stringent regulatory requirements (e.g., finance and healthcare) prefer on-premises solutions for better control over data.
Growth Factors: Direct oversight of security infrastructure is critical for sectors handling sensitive information.
By Application:
Threat Management
Market Share (2023): 37.1%
Key Drivers: Rising sophistication of cyberattacks such as ransomware and phishing necessitate robust threat management solutions.
Growth Factors: Automated breach and attack simulation tools help proactively identify vulnerabilities before they can be exploited.
Patch Management
CAGR (Forecast): 41.8%
Key Drivers: Remote work and an increase in endpoint devices make patch management crucial for maintaining security.
Growth Factors: Automation helps organizations consistently update devices and minimize entry points for cyber threats.
By End User:
Enterprises and Data Centers
Market Share (2023): Over 64.3%
Key Drivers: The increasing frequency of cyber threats requires enterprises to adopt continuous security validation tools.
Growth Factors: Large organizations use automated breach and attack simulation to maintain a proactive security posture.
Managed Service Providers
CAGR (Forecast): 40.6%
Key Drivers: Managed service providers require robust testing mechanisms to ensure security across multiple client infrastructures.
Growth Factors: ABAS solutions enable these providers to offer comprehensive security assessments, enhancing service delivery and client trust.
Recent developments:
June 2023 - IBM Security launched IBM Security Services for Automated Threat Testing IBM introduced a comprehensive service that enables businesses to automate threat simulations. This service integrates AI-driven threat intelligence and advanced simulation techniques to test security posture across diverse environments. It allows enterprises to proactively identify vulnerabilities and strengthen defenses against sophisticated cyberattacks.September 2023 - Cymulate announced Continuous Security Validation for Cloud Environments Cymulate expanded its platform to include continuous security validation specifically tailored for cloud infrastructures. The enhancement provides real-time breach and attack simulations that allow organizations to ensure robust security in dynamic cloud environments. The service is designed to test configurations, detect vulnerabilities, and support proactive risk mitigation in cloud-based environments.November 2023 - SafeBreach launched SafeBreach Continuous Breach Simulation for Remote Work SafeBreach unveiled an update to its breach and attack simulation platform, focusing on remote work security. With the rise of hybrid work models, the tool automates simulated attacks across dispersed IT environments, ensuring that vulnerabilities in remote work setups are continuously tested and remediated. The update emphasizes endpoint security and cloud access protection.December 2023 - ReliaQuest released Threat Horizon for End-to-End Attack Simulations ReliaQuest launched Threat Horizon, a platform designed to simulate end-to-end attack scenarios across an organization's entire infrastructure. By combining proactive threat simulations with AI-driven analytics, the tool offers deep visibility into potential vulnerabilities and enhances an organization's ability to detect, mitigate, and recover from advanced cyber threats.January 2024 - Mandiant launched Mandiant Security Validation Suite Mandiant introduced the Security Validation Suite, a new offering designed to provide automated breach and attack simulations. This suite integrates seamlessly with existing security technologies, enabling organizations to continuously validate their security measures against emerging threats. The platform utilizes threat intelligence and behavioral analysis to assess and strengthen the effectiveness of an organization's security posture.
This report is also available in the following languages: Japanese (自動化された侵入および攻撃シミュレーション市場), Korean (자동화된 침해 및 공격 시뮬레이션 시장), Chinese (自动入侵和攻击模拟市场), French (Marché de la simulation automatisée de violations et d'attaques), German (Markt für automatisierte Sicherheitsbruch- und Angriffssimulation), and Italian (Mercato della simulazione automatizzata di violazioni e attacchi), etc.Get a Sample PDF Brochure: https://exactitudeconsultancy.com/reports/45581/automated-breach-and-attack-simulation-abas-market-#request-a-sampleMore Related Reports:Automated Breach and Attack Simulation MarketThe automated breach and attack simulation (ABAS) market is experiencing significant growth, driven by the increasing complexity of cyber threats and the necessity for proactive security measures. In 2024, the global ABAS market is valued at approximately USD 447.88 million.https://exactitudeconsultancy.com/reports/45581/automated-breach-and-attack-simulation-abas-market-by-offering-platforms-and-tools-services-deploy#request-a-sample
Over the air testing MarketThe global Over-the-Air (OTA) testing market is experiencing significant growth, driven by the proliferation of wireless technologies and connected devices. In 2024, the market is valued at approximately USD 2.6 billion.https://exactitudeconsultancy.com/reports/45623/over-the-air-ota-testing-market
Soil Monitoring MarketThe global soil monitoring market is experiencing significant growth, driven by the increasing adoption of precision agriculture and the need for sustainable farming practices. In 2024, the market is projected to reach approximately USD 816.71 million, up from USD 712.87 million in 2023.https://exactitudeconsultancy.com/reports/45620/soil-monitoring-market
Intelligent Document Processing MarketThe global intelligent document processing (IDP) market was valued at approximately USD 2.3 billion in 2024.https://exactitudeconsultancy.com/reports/45618/intelligent-document-processing-market
Multichannel Order Management MarketThe global multichannel order management market is projected to experience significant growth from 2025 to 2034. In 2024, the market is estimated to be valued at approximately USD 3.4 billion.https://exactitudeconsultancy.com/reports/45617/multichannel-order-management-market
Video Processing Platform MarketIn 2024, the market is valued at approximately USD 8.3 billion. Projections indicate that by 2034, the market will reach around USD 45.0 billion, reflecting a compound annual growth rate (CAGR) of 18.5% over the forecast period.https://exactitudeconsultancy.com/reports/45616/video-processing-platform-market
Network Probe MarketThe global network probe market was valued at approximately USD 827.82 million in 2024 and is projected to reach around USD 1,755.48 million by 2034, indicating a Compound Annual Growth Rate (CAGR) of about 13.33% during the forecast period.https://exactitudeconsultancy.com/reports/45614/network-probe-market
Crypto Asset Management MarketThe global crypto asset management market was valued at approximately USD 1.0 billion in 2023 and is projected to reach around USD 4.3 billion by 2030, reflecting a compound annual growth rate (CAGR) of 24.6% during the forecast period.https://exactitudeconsultancy.com/reports/45612/crypto-asset-management-market
Inspection Management Software MarketThe global inspection management software market was valued at approximately USD 9.84 billion in 2024 and is projected to reach around USD 27.5 billion by 2034. This represents a compound annual growth rate (CAGR) of approximately 11.8% during the forecast period of 2025–2034.https://exactitudeconsultancy.com/reports/45610/inspection-management-software-market
Graphical User Interface Design Software MarketThe global graphical user interface (GUI) design software market was valued at approximately USD 27.22 billion in 2024.https://exactitudeconsultancy.com/reports/45608/graphical-user-interface-design-software-market
Metaverse MarketProjections indicate significant growth, with the market expected to reach around USD 1,583.87 billion by 2033, reflecting a compound annual growth rate (CAGR) of approximately 36.35% from 2025 to 2033.https://exactitudeconsultancy.com/reports/45607/metaverse-market
Data Acquisition (DAQ) System MarketThe global Data Acquisition (DAQ) system market was valued at approximately USD 1.96 billion in 2024. Projections indicate that the market will reach around USD 4.8 billion by 2034.https://exactitudeconsultancy.com/reports/45604/data-acquisition-system-market
CONTACT: Contact Data Irfan Tamboli (Head of Sales) Phone: + 1704 266 3234 Email: sales@exactitudeconsultancy.comSign in to access your portfolio

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D-BOX Reports Record Full-Year Revenue and Profitability for Fiscal 2025
D-BOX Reports Record Full-Year Revenue and Profitability for Fiscal 2025

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D-BOX Reports Record Full-Year Revenue and Profitability for Fiscal 2025

Royalty-driven Model delivers Strong Margin Expansion and Cash Generation; Leadership Transition positions Company for Next Phase of Growth All dollar amounts are expressed in Canadian currency(1) Please refer to "non-IFRS and other financial performance measures" in this press release Fiscal 2025 Highlights Record total revenues of $42.8 million, up 8% vs. FY 2024 Record royalties of $11 million, up 27% vs. FY 2024 Adjusted EBITDA1 of $7.3 million, or 17% of total revenues, up 9 pts vs. FY 2024 Net profit of $3.9 million, up 254% year-over-year, or fully diluted EPS of $0.02 Cash flow from operating activities of $7.3 million Liquidity of approximately $16 million as of March 31, 2025 Fourth Quarter Highlights Total revenues of $8.6 million, down 15% vs. Q4 2024 Royalties of $2.2 million, up 5% year-over-year Adjusted EBITDA margin1 of 18%, up 12 pts vs. Q4 2024 Net profit of $0.7 million MONTREAL, June 10, 2025 (GLOBE NEWSWIRE) -- D-BOX Technologies Inc. ('D-BOX' or the "Company") (TSX: DBO) today reported financial results for its fourth quarter and full year ended March 31, 2025. 'In Q4 2025, D-BOX delivered robust performance with strong royalty growth, improved profitability, and a resilient core business,' said Brigitte Bourque, Chair of the Board. 'For the full fiscal year 2025, the Company achieved record revenues and net income, driven by the strength of our royalty-focused model and disciplined expense control.' Q4 and Full-Year 2025 Operating Results In Q4 2025, total revenues were $8.6 million, down 15% year-over-year, primarily reflecting the earlier-than-expected fulfillment of Theatrical system sales in Q3, partially offset by growth in Simulation training and Sim racing markets. The $3.4 million decline in Theatrical system sales was partially offset by strong growth in royalties and Sim racing. Royalties increased by 5 percent to $2.2 million, driven by an expanded global footprint reaching 1,012 screens, up 9% from the previous year, as well as successful Hollywood content with blockbusters in the fourth quarter including Captain America: Brave New World, Sonic the Hedgehog 3 and Mufasa: The Lion King. Simulation and training and Sim racing customer groups also grew 47% and 108% year-over-year, respectively, in the fourth quarter. Total revenues also benefited from favourable movements in currency exchange rates. For the full year, D-BOX reported record total revenues of $42.8 million, up 8% compared to fiscal 2024. Excluding the impact of our exit from the direct-to-consumer (DTC) hardware market, FY 2025 revenue would have increased by just over 10% year-over-year. Royalties reached $11 million, accounting for an increased 26% share of the Company's revenue mix. Adjusted EBITDA1 for the year totaled $7.3 million, representing an 18% Adjusted EBITDA margin1, reflecting prudent cost control. Net profit was $3.9 million, with operating cash flow of $7.3 million. Given the inherent variability and seasonality of quarterly sales, we emphasize the importance of assessing the Company's performance on a trailing twelve-month basis. (Amounts are in thousands of Canadian dollars) Q4 2025 Q4 2024 Var.($) Var. (%) FY 2025 FY 2024 Var.($) Var. (%) Revenues from System sales Theatrical 992 4,443 (3,451) (78%) 10,362 11,305 (943) (8%) Simulation and training 2,408 1,635 773 47% 8,606 8,825 (219) (2%) Sim racing 2,682 1,290 1,392 108% 10,020 7,112 2,908 41% Other 286 685 (399) (58%) 2,771 3,656 (885) (24%) Total system sales 6,368 8,053 (1,685) (21%) 31,759 30,898 861 3% Rights for use, rental and maintenance ("royalties") 2,241 2,126 115 5% 11,028 8,699 2,329 27% Total Revenues 8,609 10,179 (1,570) (15%) 42,787 39,597 3,190 8% Leadership Transition As announced on June 4, 2025, the Board appointed Naveen Prasad as Interim CEO, effective June 10, following the departure of Sébastien Mailhot. 'It has been an incredible journey over the past five years,' said Sébastien Mailhot. 'I am very proud of how we have grown revenues and significantly improved profitability while building a team that is now well-positioned for the future. I leave knowing that D-BOX has tremendous opportunities ahead. I wish Naveen and the broader team continued success.' 'We are confident that Naveen will be effective driving the next phase of strategic growth and value creation for all stakeholders,' added Ms. Bourque. Balance Sheet and Liquidity D-BOX closed fiscal 2025 in a position of financial strength, with $7.3 million in operating cash flow, low-cost total debt of $1.2 million, and available liquidity including the undrawn line of credit, of approximately $16 million. SUPPLEMENTAL FINANCIAL DATA - UNAUDITED (Amounts are in thousands of Canadian dollars) Q4 2025 Q4 20242 Var. (%) FY 2025 FY 20242 Var. (%) Total Revenues 8,609 10,179 (15%) 42,787 39,597 8% Gross profit 4,661 4,734 (2%) 22,327 18,660 20% Operating expenses 3,875 4,052 (4%) 17,991 17,005 6% Operating income 786 682 15% 4,336 1,655 162% Adjusted EBITDA1 1,578 620 155% 7,311 3,056 139% Financial expenses 61 97 (37%) 452 590 (23%) Net profit 720 585 23% 3,858 1,058 265% Basic and diluted EPS 0.003 0.003 n.m. 0.017 0.005 260% Gross margin1 54% 47% 7 p.p. 52% 47% 5 p.p. Operating expenses as % of total revenues1 45% 40% 5 p.p. 42% 43% (1 p.p.) Operating margin1 9% 7% 2 p.p. 10% 4% 6 p.p. Adjusted EBITDA margin1 18% 6% 12 p.p. 17% 8% 9 p.p. Cash flows provided by operating activities 7,324 3,125 134% As at (in thousands of Canadian dollars) Mar. 31, 2025 Mar. 31, 2024 Total debt1 1,221 2,468 Cash and cash equivalents 7,812 2,916 Net cash (net debt) 1 6,591 448 Adjusted EBITDA (LTM) 1 7,311 3,056 Total debt to adjusted EBITDA (LTM) 1 0.2x 0.8x 1) Please refer to "non-IFRS and other financial performance measures" in this press release2) Results for the fourth quarter and full year 2024 reflect a $0.5 million one-time gain on the sale of an investment. n.m.= not meaningful This release should be read in conjunction with the Company's audited consolidated financial statements and the Management's Discussion and Analysis dated June 10, 2025. These documents are available at NON-IFRS AND OTHER FINANCIAL PERFORMANCE MEASURES D-BOX uses the following non-IFRS financial performance measures in its MD&A and other communications. The non-IFRS measures do not have any standardized meaning prescribed by IFRS and are unlikely to be comparable to similarly titled measures reported by other companies. Investors are cautioned that the disclosure of these metrics is meant to add to, and not to replace, the discussion of financial results determined in accordance with IFRS. Management uses both IFRS and non-IFRS measures when planning, monitoring and evaluating the Company's performance. The non-IFRS performance measures are described as follows: Adjusted EBITDA EBITDA represents earnings before interest and financing, income taxes and depreciation and amortization. Adjustments to EBITDA are for items that are not necessarily reflective of the Company's underlying operating performance. As there is no generally accepted method of calculating EBITDA, this measure is not necessarily comparable to similarly titled measures reported by other issuers. Adjusted EBITDA provides useful and complementary information, which can be used, in particular, to assess profitability and cash flow from operations. Adjusted EBITDA margin is defined as Adjusted EBITDA divided by total revenues. A reconciliation of net profit to Adjusted EBITDA margin is in the Company's Management's Discussion and Analysis dated June 10, 2025. Total Debt, Net Debt and Total Debt to Adjusted EBITDA Total debt is defined as the total bank indebtedness, long-term debt (including any current portion), and net debt is calculated as total debt net of cash and cash equivalents. The Company considers total debt and net debt to be important indicators for management and investors to assess the financial position and liquidity of the Company and measure its financial leverage. These measures do not have any standardized meanings prescribed by IFRS and are therefore unlikely to be comparable to similar measures presented by other companies. Total debt to Adjusted EBITDA ratio is calculated as total net debt divided by the last four quarters Adjusted EBITDA. We believe that total debt to Adjusted EBITDA is a useful metric to assess the Company's ability to manage debt and liquidity. Supplementary Financial Measures Gross margin is defined as gross profit divided by total revenues. Operating expenses as a percentage of sales are defined as operating expenses divided by total revenues. Operating margin is defined as operating income divided by net sales. ABOUT D-BOX D-BOX creates and redefines realistic, immersive experiences by moving the body and sparking the imagination through effects: motion, vibration and texture. D-BOX has collaborated with some of the best companies in the world to deliver new ways to enhance great stories. Whether it's films, video games, music, relaxation, virtual reality applications, metaverse experience, themed entertainment or professional simulation, D-BOX creates a feeling of presence that makes life resonate like never before. D-BOX Technologies Inc. (TSX: DBO) is headquartered in Montreal with presence in Los Angeles and China. Visit DISCLAIMER REGARDING FORWARD-LOOKING STATEMENTS Certain information included in this press release may constitute 'forward-looking information' within the meaning of applicable Canadian securities legislation. Forward-looking information may include, among others, statements regarding the future plans, activities, objectives, operations, strategy, business outlook, and financial performance and condition of the Company, or the assumptions underlying any of the foregoing. In this document, words such as 'may', 'would', 'could', 'will', 'likely', 'believe', 'expect', 'anticipate', 'intend', 'plan', 'estimate' and similar words and the negative form thereof are used to identify forward-looking statements. Forward-looking statements should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance will be achieved. Forward-looking information, by its very nature, is subject to numerous risks and uncertainties and is based on several assumptions which give rise to the possibility that actual results could differ materially from the Company's expectations expressed in or implied by such forward-looking information and no assurance can be given that any events anticipated by the forward-looking information will transpire or occur, including but not limited to the future plans, activities, objectives, operations, strategy, business outlook and financial performance and condition of the Company. Forward-looking information is provided in this press release for the purpose of giving information about Management's current expectations and plans and allowing investors and others to get a better understanding of the Company's operating environment. However, readers are cautioned that it may not be appropriate to use such forward-looking information for any other purpose. Forward-looking information provided in this document is based on information available at the date hereof and/or management's good-faith belief with respect to future events and are subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond the Company's control. The risks, uncertainties and assumptions that could cause actual results to differ materially from the Company's expectations expressed in or implied by the forward-looking information include, but are not limited to, international trade regulations; concentration of clients; dependence on suppliers; performance of content; exchange rate between the Canadian dollar and the U.S. dollar; ability to implement strategy; consumer preferences and trends; political, social and economic conditions; strategic alliances; credit risk; competition; access to content; technology standardization; future funding requirements; distribution network; indebtedness; global health crises; warranty, recalls and claims; dependence on key personnel and labour relations; legal, regulatory and litigation; intellectual property; security and management of information; and reputational risk through social media. These and other risk factors that could cause actual results to differ materially from expectations expressed in or implied by the forward-looking information are outlined under 'Risk Factors' in the Company's management's discussion and analysis for the period ended March 31, 2025, and discussed in greater detail in the most recently filed Annual Information Form dated June 10, 2025, a copy of which is available on SEDAR+ at Except as may be required by Canadian securities laws, the Company does not intend nor does it undertake any obligation to update or revise any forward-looking information contained in this press release to reflect subsequent information, events, circumstances or otherwise. The Company cautions readers that the risks described above are not the only ones that could have an impact on it. Additional risks and uncertainties not currently known to the Company or that the Company currently deems to be immaterial may also have a material adverse effect on the Company's business, financial condition or results of operations. CONTACT INFORMATION Josh Chandler Chief Financial OfficerD-BOX Technologies Inc.514-928-8043jchandler@

Philochem AG Announces the Licensing of Worldwide Rights to OncoACP3, a novel Radiopharmaceutical Therapeutic and Diagnostic Agent targeting Prostate Cancer, to RayzeBio, a Bristol-Myers Squibb Company, for a potential value of up to $1.35bn plus royalties
Philochem AG Announces the Licensing of Worldwide Rights to OncoACP3, a novel Radiopharmaceutical Therapeutic and Diagnostic Agent targeting Prostate Cancer, to RayzeBio, a Bristol-Myers Squibb Company, for a potential value of up to $1.35bn plus royalties

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Philochem AG Announces the Licensing of Worldwide Rights to OncoACP3, a novel Radiopharmaceutical Therapeutic and Diagnostic Agent targeting Prostate Cancer, to RayzeBio, a Bristol-Myers Squibb Company, for a potential value of up to $1.35bn plus royalties

Consideration composed of a $350m up-front payment and up to $1.0bn in development, regulatory and commercial milestones, along with mid-single to low double-digit royalties on Global Net Sales OTELFINGEN, Switzerland, June 10, 2025 (GLOBE NEWSWIRE) -- Philochem AG ("Philochem'), a wholly-owned subsidiary of the Philogen Group (MIL:PHIL), and RayzeBio, Inc. ('RayzeBio'), a wholly-owned subsidiary of Bristol-Myers Squibb company (NYSE: BMY), today announced a definitive agreement under which Philochem will license the exclusive worldwide rights to develop, manufacture, and commercialise OncoACP3, a clinical stage therapeutic and diagnostic agent targeting prostate cancer, to RayzeBio. OncoACP3 is a small molecule ligand with high affinity and specificity for Acid Phosphatase 3 (ACP3), a novel target in prostate cancer. The compound is currently under evaluation in a company-sponsored Phase I trial (NCT06840535). Initial data from the first cohort of patients evaluated with the OncoACP3 diagnostic has been promising, displaying selective tumour uptake and long residence time with minimal healthy tissue uptake. IND-enabling activities to support the application for a Phase I therapeutic study with 225Ac-OncoACP3 are ongoing. Prof. Dr. Dario Neri, CEO and CSO of Philogen, commented: 'We are delighted to enter into this new collaboration with RayzeBio, a leader in the field of radiopharmaceutical medicines. This partnership will focus on the development and commercialization of OncoACP3 for both diagnostic and therapeutic applications in prostate cancer. OncoACP3 is a best-in-class targeting agent with the potential to become a breakthrough treatment in this field. This collaboration reflects our shared commitment to translating scientific innovation into meaningful clinical solutions, making OncoACP3 therapies widely available to patients in need.' Ben Hickey, President, RayzeBio commented: 'This collaboration with Philochem enhances our leadership in the rapidly advancing radiopharmaceuticals space, consistent with our strategy to bring forward best-in-class RPT candidates. OncoACP3, with its initial encouraging safety profile, provides a differentiated entry for Bristol Myers Squibb and RayzeBio into the prostate cancer arena, building on our leadership in actinium-based RPT development. This agreement is a significant milestone for RayzeBio and our goal to deliver radiopharmaceuticals to patients.' Under the terms of the agreement, Philochem will receive an up-front payment of $350m and up to $1.0bn in development, regulatory and commercial milestones. The company will also receive mid-single to low double-digit royalties payable on Global Net Sales of both Therapeutic and Diagnostic agents of OncoACP3. The closing of the transaction is subject to regulatory approvals and other customary closing conditions. The parties expect that the agreement will close in the third quarter of 2025. For Philochem, Centerview Partners UK LLP is acting as exclusive financial advisor and Cooley LLP is acting as exclusive legal counsel. About Philogen group Philogen is an Italian-Swiss group active in the biotechnology sector, specialised in the research and development of pharmaceutical products for the treatment of highly lethal diseases. Philogen's mission is to discover, develop and market innovative pharmaceuticals for the treatment of diseases of high unmet need. This is achieved by exploiting (i) proprietary technologies for the isolation of ligands that react with antigens present in certain diseases, (ii) experience in the development of products targeted at the tissues affected by the disease, (iii) experience in drug manufacturing and development, and (iv) an extensive portfolio of patents and intellectual property rights. Although the Group's drugs are primarily oncology applications, the targeting approach is also potentially applicable to other diseases, such as certain chronic inflammatory diseases. FOR MORE INFORMATION Philogen - Investor Relations IR@ - Emanuele Puca | Investor RelationsError in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Gas Ignition Control Market is expected to reach USD 6.4 billion by 2034, with a 6.4% CAGR
Gas Ignition Control Market is expected to reach USD 6.4 billion by 2034, with a 6.4% CAGR

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Gas Ignition Control Market is expected to reach USD 6.4 billion by 2034, with a 6.4% CAGR

Gas Ignition Control Market Outlook 2025-2034 Luton, Bedfordshire, United Kingdom, June 10, 2025 (GLOBE NEWSWIRE) -- The global gas ignition control market is experiencing significant expansion, with its valuation estimated at approximately USD 3.5 billion in 2024. Over the forecast period, the market is expected to grow at a compound annual growth rate (CAGR) of 6.4%, reaching a projected value of USD 6.4 billion by 2034. This substantial growth trajectory is primarily fueled by advancements in safety technologies, the rise in automation, and increasing adoption of smart systems across residential, commercial, and industrial applications. Download PDF Brochure: As governments and regulatory bodies enforce stricter safety standards and environmental regulations, the demand for reliable, efficient, and intelligent gas ignition control systems continues to rise. These systems play a crucial role in ensuring the safe and efficient operation of gas-powered equipment, ranging from residential heaters and stoves to large-scale industrial machinery. Market Segmentation and Key Components By Product Type The market comprises a range of components, with Ignition Control Modules leading the segment by accounting for around 30% of total market share. These modules are essential in ensuring precise timing and safety during ignition processes, especially in modern gas appliances. The ongoing transition toward smart home ecosystems continues to elevate the demand for these intelligent modules. Gas Flame Sensors, which detect the presence or absence of flame to prevent gas leaks or explosions, represent 25% of the market. Their usage is rapidly expanding as safety becomes a top priority, particularly in automated and industrial settings. Control Valves, responsible for regulating gas flow and pressure, hold a 20% share and are seeing growing interest due to innovations enhancing precision and sustainability. Ignition Transformers, with a 15% share, are primarily used in industrial applications and are critical for producing the high-voltage sparks needed for ignition. By Application In terms of application, residential heating systems dominate with nearly 40% of total usage. Consumers increasingly prefer energy-efficient and eco-friendly gas heating solutions, which has driven innovation in ignition controls tailored for home appliances. Commercial applications, including restaurants and food service equipment, account for around 30%, where high efficiency and compliance with health and safety codes are essential. Industrial usage holds approximately 20% of the market and focuses on heating and process control systems in manufacturing facilities. The segment benefits from automation and process reliability. Meanwhile, the automotive sector, though smaller at 10%, is gradually expanding as hybrid and natural gas vehicles become more prevalent and fuel systems evolve to meet emission standards. By End User and Technology Among end users, the residential sector leads in terms of market share, driven by the increasing adoption of gas-based heating and cooking systems in households. Commercial and industrial users follow closely, with growing emphasis on automation, safety, and operational efficiency. In terms of technology, innovations such as Electronic Ignition, Hot Surface Ignition, and Piezoelectric Ignition have transformed performance benchmarks, enabling real-time system responsiveness and safer ignition cycles. Browse full Report - Market Segmentation By Product Type: Ignition Control Modules Gas Flame Sensors Control Valves Ignition Transformers By Application: Residential Heating Commercial Appliances Industrial Processes Automotive By End User: Residential Commercial Industrial By Technology: Piezoelectric Ignition Electronic Ignition Hot Surface Ignition By Region: North America Latin America Europe Asia-Pacific Middle East & Africa Key Market Drivers The steady growth of the gas ignition control market can be attributed to several crucial factors. One of the foremost drivers is the increasing emphasis on safety. Whether in households or heavy industries, users are prioritizing systems that minimize the risk of gas leaks and explosions. Advanced ignition control mechanisms offer not only improved safety but also enhanced operational reliability. Secondly, the integration of smart technologies and IoT features is reshaping the market. Real-time monitoring and diagnostics, predictive maintenance, and automatic fault reporting are just a few of the intelligent functions driving consumer preference. These capabilities are especially beneficial in industrial settings, where uptime and performance reliability are critical. The supportive regulatory environment is another major catalyst. Governments across the globe are imposing stringent safety regulations and environmental mandates, prompting the need for upgraded ignition systems that comply with new standards. For example, emission control laws are leading manufacturers to develop eco-friendly and energy-efficient ignition systems. Challenges and Restraints Despite the promising outlook, the market does face challenges. A primary hurdle is the high initial cost of installing advanced ignition control systems. This can be a deterrent, especially in cost-sensitive markets or for smaller enterprises. While the long-term operational benefits are compelling, the upfront investment remains a significant barrier for widespread adoption. Raw material price fluctuations and supply chain disruptions also pose threats. Given the reliance on specialized components, any volatility in global trade or materials sourcing can impact production timelines and cost structures. Additionally, regulatory compliance—while necessary—can strain resources. Frequent updates to standards may require manufacturers to re-engineer products or allocate funds toward continuous testing and certification. Opportunities and Emerging Trends Despite these challenges, the market is rich in growth opportunities. One major area is the development of integrated, smart ignition systems. Companies that can create end-to-end solutions with built-in diagnostics, remote control, and energy optimization stand to gain significantly. The shift in consumer behavior towards sustainable living is also encouraging the adoption of low-emission ignition systems. A promising trend is the rise of subscription-based service models, especially in commercial and industrial sectors. These models offer customers continued access to upgrades, maintenance, and support—making advanced systems more accessible without high upfront costs. Additionally, there's growing potential in renewable energy integration, as ignition systems evolve to work alongside cleaner fuel sources and hybrid systems. Buy Now: Regional Market Insights Asia-Pacific The Asia-Pacific region leads the global market, commanding approximately 45% of the total revenue. Rapid urbanization, industrial growth, and infrastructural development in countries such as China, India, and South Korea drive this dominance. The region's large population base and rising energy demand make it a hotspot for gas ignition system deployment. Additionally, regulatory initiatives around safety and pollution control contribute to increased adoption. North America North America follows with 30% market share, supported by a strong industrial base and advanced consumer markets. Strict safety regulations in the U.S. and Canada fuel demand for next-generation ignition systems. The region is also home to several leading technology developers and enjoys an established distribution network. Europe Europe holds about 20% of the market, characterized by its commitment to green energy and emissions control. Countries like Germany and the UK are spearheading the adoption of sustainable and smart gas systems. The European market is also driven by smart home trends and regulatory incentives for cleaner energy usage. Latin America and Middle East & Africa Emerging regions like Latin America and the Middle East & Africa offer notable growth potential, with Latin America forecasted to grow at a CAGR of 6.2%. Infrastructure expansion and improved access to energy solutions are key drivers. However, these regions face challenges related to political instability, limited technological access, and inconsistent regulatory environments. Recent Developments and Strategic Moves Key Competitors Honeywell International Inc. Siemens AG Emerson Electric Co. Schneider Electric SE Johnson Controls International plc UTC (United Technologies Corporation) Rockwell Automation, Inc. ABB Ltd. General Electric Company Intertek Group plc Ansul LLC (part of Tyco Fire Protection) Kidde (part of Carrier Global Corporation) CEA (Continental Engineering Associates) Xtralis (a part of Honeywell) Fluke Corporation 1. Honeywell International Inc. Month/Year: January 2023 Type of Development: Product Launch Detailed Analysis: In January 2023, Honeywell launched a new gas ignition control system aimed at enhancing safety and reliability in commercial heating applications. The significance of this development lies in its advanced technology that reduces the risk of ignition failure and enhances system efficiency. This launch is particularly impactful in markets with stringent safety regulations, as modern industrial facilities increasingly seek to minimize operational risks associated with gas usage. Honeywell's competitive edge over other players may widen due to the innovative features such as remote monitoring capabilities and integration with IoT devices. As industry trends favor smart automation, this product places Honeywell at the forefront of a transformational shift towards more integrated and intelligent safety solutions in gas management systems. 2. Siemens AG Month/Year: March 2023 Type of Development: Partnership Detailed Analysis: In March 2023, Siemens AG entered a strategic partnership with a leading cybersecurity firm to enhance the security of its gas ignition control systems used in industrial settings. This collaboration is significant as cyber threats have become a growing concern in industrial automation and control systems. Enhanced cybersecurity measures can boost customer confidence, thereby increasing market penetration as clients prioritize security alongside operational efficiency. This development might lead to competitive shifts, with companies that fail to prioritize cybersecurity potentially losing their market positions. As Siemens strengthens its position, this partnership may prompt industry-wide shifts towards prioritizing integrated security features in gas ignition technologies. 3. Emerson Electric Co. Month/Year: May 2023 Type of Development: Acquisition Detailed Analysis: In May 2023, Emerson Electric Co. announced the acquisition of a startup specializing in gas ignition technology, bolstering its product portfolio significantly. This acquisition is pivotal as it enables Emerson to incorporate advanced ignition solutions, further solidifying their presence in the gas safety market. By bringing in innovative technologies and expertise, Emerson aims to accelerate the development of smarter ignition systems. This strategic move might lead to an overarching trend of consolidation within the industry, as other players may seek acquisitions to enhance their technological capabilities and competitive positioning. Emerson's expanded capabilities could also redefine market dynamics, as customers increasingly demand integrated solutions. 4. General Electric Company Month/Year: July 2023 Type of Development: Technological Advancement Detailed Analysis: In July 2023, General Electric announced significant technological advancements in their gas ignition controls, incorporating machine learning algorithms to enhance system performance and predictive maintenance capabilities. This move highlights the growing trend of digital transformation within the industry, where data analytics are leveraged to improve safety and operational efficiency. The ability to predict potential failures before they occur represents a competitive edge, as clients are seeking solutions that not only ensure compliance but also optimize uptime and reduce unforeseen maintenance costs. As GE sets this standard, competitors may be compelled to innovate rapidly to catch up, indicating a potential shift in technological benchmarks across the market. 5. Johnson Controls International plc Month/Year: September 2023 Type of Development: Expansion Detailed Analysis: In September 2023, Johnson Controls announced its expansion into the Indian market with the opening of a state-of-the-art facility dedicated to manufacturing gas ignition control systems. This strategic move is highly significant as India is witnessing rapid industrial growth and increasing focus on safety regulations. By investing in local manufacturing, Johnson Controls not only reduces operational costs but also tailors its products to meet regional demands more effectively. This expansion is likely to alter competitive dynamics in the region, as an increased local presence could lead to more competitive pricing and quicker response times for customers. Moreover, this may encourage other multinational companies to enhance their investments in India, leading to a more competitive landscape for gas safety technologies in the region. This report is also available in the following languages : Japanese (ガス点火制御市場), Korean (가스 점화 제어 시장), Chinese (燃气点火控制市场), French (Marché du contrôle de l'allumage du gaz), German (Markt für Gaszündungssteuerungen), and Italian (Mercato del controllo dell'accensione del gas), etc. Request Sample Pages: More Research Finding – Chemical Enhanced Oil Recovery EOR IOR Market The global Enhanced Oil Recovery (EOR) market is valued at approximately $51 billion in 2024, with projections indicating a substantial growth trajectory, potentially reaching around $86 billion by 2034. This growth corresponds to a Compound Annual Growth Rate (CAGR) of approximately 5.3% during the forecast period of 2025-2034. Cryogenic Equipments Market The cryogenic equipment market is poised for significant growth, with a current market value estimated at approximately $20.5 billion in 2024. Projections indicate this market will reach nearly $32.7 billion by 2034, reflecting a robust Compound Annual Growth Rate (CAGR) of around 4.6% during the forecast period from 2025 to 2034. Heat Exchangers Market The heat exchangers market is expected to grow at 5.1% CAGR from 2022 to 2029. It is expected to reach above USD 23.22 billion by 2029 from USD 15.6 billion in 2021. Turbines Market The global turbine market is valued at approximately $210 billion, demonstrating robust growth due to rising energy demands and a shift towards renewable energy solutions. The projected market value for 2025 is estimated at $225 billion, with an expected increase to around $320 billion by 2034. This indicates a Compound Annual Growth Rate (CAGR) of approximately 4.5% over the forecast period from 2025 to 2034. Natural Gas Market The global natural gas market is projected to reach approximately $4.1 trillion in 2024, driven by an increasing demand for cleaner energy sources and technological advancements in extraction and processing. The market is expected to grow significantly during the forecast period from 2025 to 2034, reaching an estimated value of $6.5 trillion by 2034. This growth corresponds to a Compound Annual Growth Rate (CAGR) of about 5.0% over the next decade. Ion Introduction Instrument Market The global ion introduction instrument market is anticipated to reach a value of approximately $1.2 billion in 2024. This sector is expected to grow significantly, with a projected market value of around $2.5 billion by 2034, reflecting the increasing demand for efficient ionization techniques in various applications, including pharmaceuticals, environmental monitoring, and food safety. Veterinary Surgical Stapler Market The global veterinary surgical stapler market is estimated to reach approximately $600 million in 2024, driven by the increasing incidence of surgeries in veterinary practices and advances in surgical technologies. Over the forecast period from 2025 to 2034, the market is projected to grow to about $950 million, reflecting a Compound Annual Growth Rate (CAGR) of around 5.5%. Multi Instrument Access Device Under Endoscope Market The global market for Multi Instrument Access Devices Under Endoscope is valued at approximately $1.2 billion in 2024 and is projected to reach around $2.5 billion by 2034, driven by advancing technologies and increasing adoption of minimally invasive procedures. This translates to a compound annual growth rate (CAGR) of about 7.6% during the forecast period from 2025 to 2034. Electrogastrogram Apparatus Market The electrogastrogram (EGG) apparatus market is poised for significant growth, valued at approximately $150 million in 2024. Forecasts suggest a robust expansion, projecting a market value of nearly $300 million by 2034. This indicates a compound annual growth rate (CAGR) of about 7.3% from 2025 to 2034. Gastroesophageal Reflux Therapeutic Instrument Market The gastroesophageal reflux (GER) therapeutic instrument market is projected to reach a value of approximately $3.5 billion in 2024, driven by increasing prevalence of gastroesophageal reflux disease (GERD) and advancements in therapeutic technologies. Over the forecast period from 2025 to 2034, this market is expected to grow at a robust Compound Annual Growth Rate (CAGR) of 6.2%, projecting a market value of about $6.5 billion by 2034. Urinary Guide Wire Market The global urinary guide wire market is projected to reach approximately $240 million in 2024, driven by increasing rates of urinary tract disorders and advancements in minimally invasive surgical techniques. The market is expected to grow significantly, with a projected value of about $450 million by 2034, highlighting an anticipated Compound Annual Growth Rate (CAGR) of 6.6% during the forecast period from 2025 to 2034. Purstring Autosuture Purse String Device Market The market for autosuture purse string devices is projected to be valued at approximately $350 million in 2024, with expectations to reach around $620 million by 2034. This illustrates a robust growth trajectory, anticipating a compound annual growth rate (CAGR) of about 6.3% during the forecast period from 2025 to 2034. Deflectable Tip Catheter Market The deflectable tip catheter market is poised for significant growth, valued at approximately $2.5 billion in 2024. This market is projected to reach around $4.8 billion by 2034, fueled by advancements in minimally invasive procedures and increased demand for precision in catheter-based interventions. The Compound Annual Growth Rate (CAGR) for the period from 2025 to 2034 is estimated at 7.1%. Peel-Away Introducer Market The market for peel-away introducers is estimated to reach approximately $250 million in 2024. As medical interventions increasingly embrace minimally invasive techniques, the demand for advanced introducer technologies is expected to grow significantly. The projected market value for 2034 is forecasted to hit around $500 million, indicating robust development driven by continuous innovation and increasing application across various medical procedures. CONTACT: Irfan Tamboli (Head of Sales) Phone: + 1704 266 3234 Email: sales@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

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