Latest news with #DaaS
Globe and Mail
3 days ago
- Business
- Globe and Mail
Drone-as-a-Service Market Revenue Estimated to Reach $27 Billion by 2033 with Robust Growth Expected in Coming Years
PALM BEACH, Fla., Aug. 07, 2025 (GLOBE NEWSWIRE) -- FN Media Group News Commentary - According to a report from Verified Market Reports: 'The Drone-as-a-Service Market Revenue was valued at USD 6.3 Billion in 2024 and is estimated to reach USD 27.3 Billion By 2033, growing at a CAGR of 18.1% From 2026 To 2033. The report said: 'The Drone-as-a-Service (DaaS) market is rapidly evolving, driven by advancements in drone technology and increasing demand for efficient aerial solutions across various sectors. DaaS provides businesses with access to drone services without the need for significant upfront investment in hardware or software. According to the Federal Aviation Administration (FAA), the number of registered drones in the U.S. reached over 1.7 million by 2022, highlighting the growing acceptance and integration of drone technology in commercial applications. This market is characterized by its flexibility and scalability, allowing companies to utilize drone capabilities for specific tasks such as surveying, monitoring, and data collection. Industries such as agriculture, construction, logistics, and environmental management are harnessing the benefits of drone services to enhance operational efficiency and reduce costs. The global DaaS market is expected to grow at a compound annual growth rate (CAGR) of around 25% from 2023 to 2030, according to various industry reports.' Active Companies in the drone industries include ZenaTech, Inc. (NASDAQ: ZENA), Draganfly Inc. (NASDAQ: DPRO), Safe Pro Group Inc. (NASDAQ: SPAI), AIRO Group Holdings, Inc. (NASDAQ: AIRO), AgEagle Aerial Systems Inc. (NYSE: UAVS). Verified Market Reports continued: 'An important aspect of the DaaS market is data analytics, which plays a crucial role in transforming raw drone-captured data into actionable insights. By utilizing advanced analytics tools, businesses can make informed decisions based on the data collected through aerial surveys and inspections. This not only enhances productivity but also provides a competitive edge in industries that rely heavily on precise data for planning and execution. The applications of Drone-as-a-Service span multiple industries, showcasing its versatility. In agriculture, drones are used for crop monitoring and precision farming, while in construction, they facilitate site surveys and project management. Additionally, in logistics, drones are increasingly employed for last-mile delivery solutions, reflecting the growing trend towards automated and efficient supply chains. The adoption of DaaS is expected to continue expanding as organizations recognize the value of integrating aerial services into their operations.' ZenaTech (NASDAQ:ZENA) Acquires Cardinal Civil Resources, a Virginia-Based Land Surveying and Engineering Firm Serving Three States and Large Customers Including US Department of Transportation - ZenaTech, Inc. (FSE: 49Q) (BMV: ZENA) ("ZenaTech"), a business technology solution provider specializing in AI-powered drones, Drone as a Service (DaaS), Enterprise SaaS, and Quantum Computing solutions, today announces the closing of its eighth and largest Drone as a Service acquisition to date. The Company acquired Cardinal Civil Resources, a land surveying and engineering firm headquartered in Williamsburg, Virginia with operations across Virginia, North Carolina and South Carolina. The acquisition deepens ZenaTech's DaaS footprint in the Southeast region and portfolio of marquee major customers including the US Department of Transportation (USDOT). The acquisition also comes at a pivotal time for the domestic drone industry, aligning with the recent policy directive BVLOS (Beyond Visual Line of Sight) proposal introduced by US Transportation Secretary Sean P. Duffy, aimed at expanding the commercial use of unmanned systems nationwide. Founded in 2010 by a land survey and engineering industry veteran, Cardinal Civil Resources has earned a strong reputation for delivering complex survey and mapping projects for USDOT and other federal agencies, and for state agencies, municipalities and prominent city customers. Cardinal's commercial portfolio includes a large national homebuilder as well as custom residential developers, large-scale multi-unit builders, airport hangars, and the US National Park Service, reflecting the breadth of its operations and depth of trusted client relationships. 'This eighth acquisition not only further expands our national footprint, but it connects us to a deeply rooted base of premier long-term government and commercial clients,' said Shaun Passley, Ph.D., ZenaTech CEO. 'Cardinal's trusted relationships, from transportation agencies to nationally recognized homebuilders, provides a solid foundation to scale Drone as a Service in the Southeast. With the proposed BVLOS rule just introduced by the US Transportation Secretary and growing national momentum around domestic infrastructure modernization, we believe ZenaTech's DaaS is well-positioned to lead where innovation meets demand.' Cardinal Civil Resources enhances ZenaTech's DaaS capabilities in the following key areas: Established Southeast Operations and immediate entry into high-growth markets across Virginia, North Carolina, and South Carolina, regions with sustained infrastructure investment and public contracting activity Multi-year Government Contracts with federal, state, and key local municipalities, which provides stable, long-term revenue and deepens the company's expertise in public-sector projects Commercial/Builder Client Base, which spans national homebuilders, residential developers, airport facilities, and park services opens new verticals for scalable Drone as a Service deployment US Transportation Secretary Sean Duffy's August 5 proposed rule to expand Beyond Visual Line of Sight (BVLOS) operations removes the need for case-by-case waivers, replacing them with a streamlined, standardized framework. This change unlocks wider drone use for many government land and road projects. The Company believes the Cardinal acquisition is perfectly timed, leveraging ZenaDrone's advanced drone technology with Cardinal's proven surveying expertise to deliver faster, efficient, safer and more precise results for government projects particularly with larger areas to survey or for remote and inaccessible terrains suited to a BVLOS drone. ZenaTech has now completed eight US acquisitions toward its goal of acquiring and establishing 25 Drone as a Service locations nationwide by mid-next year. The company's DaaS model provides flexible, on-demand access to drone services for surveying, inspections, automation, and more, eliminating the need for customers to invest in drone hardware and software, pilots, maintenance, or regulatory compliance. The company is acquiring land survey engineering companies and other businesses ripe for innovation, to advance its national vision for a scalable, tech-enabled multiservice drone business anchored by existing customers and recurring revenue opportunities. Continued… Read this full release by visiting: Other recent developments in the markets include: Draganfly Inc. (NASDAQ: DPRO), an award-winning, industry-leading developer of drone solutions and systems, proudly participated at the Pentagon's Low-Cost Uncrewed Combat Attack Systems ('LUCAS') at a recent invite-only event. Selected by MMS Products, Inc. ('MMS'), the developer of the Mjolnir Modular Munition System ('Mjolnir'), Draganfly's UAV platforms were showcased with integrated kinetic payload capabilities, demonstrating the future of low-cost, scalable, autonomous lethality for modern conflict. This milestone builds on the Company's 2024 collaboration with MMS' Mjolnir, in which Draganfly was chosen to develop a tactical multi-drop payload system. The Pentagon event provided a national-stage venue for demonstrating this integrated solution to senior U.S. Department of Defense officials and allied partners from across the global defense enterprise. Safe Pro Group Inc. (NASDAQ: SPAI), a leader in artificial intelligence (AI)-powered defense and security solutions recently applauded efforts by the Department of Transportation and Federal Aviation Administration's (FAA) proposed rules for normalizing Beyond Visual Line of Sight (BVLOS) drone operations, eliminating a previously time consuming and burdensome regulatory process. The FAA proposal envisions that drones would have technologies, such as Artificial Intelligence-powered object detection, that enable them to automatically detect and avoid other cooperating aircraft. The Company expects this landmark proposal will expand the use of its AI-powered computer vision and object detection technologies and accelerate the deployment of such AI-powered drone systems for government, public, and private customers. According to the Commercial Drone Alliance, the proposed action to normalize BVLOS operations in the National Airspace System will unlock transformative scaled drone applications across key sectors such as agriculture, energy, public safety, emergency response, infrastructure inspection, and logistics. Prior to the new rules proposal, according to analysis, the drone services market had an estimated value of $8.66 billion in 2025 and was expected to grow at a CAGR of 14.3%, reaching an estimated $32.96 billion by 2035. AIRO Group Holdings, Inc. (NASDAQ: AIRO) recently announced at EAA AirVenture 2025 in Oshkosh, WI, the development of its new middle-mile, medium-lift cargo drone and the expansion of its operations into the YMX Innovation Zone in Mirabel, Quebec. The initiative is led by its Electric Air Mobility segment, Jaunt Air Mobility, and its Canadian subsidiary, Jaunt Air Mobility Canada. Jaunt's presence in this hub for Advanced Air Mobility (AAM) innovation strengthens its collaboration with Vertiko Mobilité, a Canadian leader in AAM operations and ground infrastructure development, and benefits from the support of Aéroports de Montréal (ADM). "We're thrilled to unveil our cargo drone—an innovative solution designed to serve both remote and urban communities," said Martin Peryea, SVP & GM of AIRO's Electric Air Mobility segment and leader of Jaunt. "Our work on the CORRIDAIR Project with our partner Vertiko Mobilité demonstrated the transformative potential of this technology, especially for First Nation communities in rural Quebec, where access to critical medical supplies and fuel is limited. Building on that success, and integrating advanced drone technologies from across AIRO, we believe that we're uniquely positioned to harness the full capabilities of YMX's infrastructure and ecosystem." AgEagle Aerial Systems Inc. (NYSE:UAVS), a leading provider of advanced drone and aerial imaging solutions, recently announced that its Switzerland facility has officially received ISO 9001 certification from third-party auditors following an intensive review of its Quality Management System in June. This prestigious recognition highlights AgEagle's unwavering dedication to quality, safety, and innovation in drone production. 'We are thrilled to receive formal notification of our ISO 9001 certification for our Swiss facility,' said Bill Irby, CEO of AgEagle. 'The ISO 9001 certification validates our rigorous quality processes and positions us to meet the exacting standards of our global customers. This milestone is a proud moment for AgEagle as we continue to deliver trusted, innovative solutions.' About FN Media Group: DISCLAIMER: FN Media Group LLC (FNM), which owns and operates and is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with any company mentioned herein. FNM and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNM's market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. FNM is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed FNM has been compensated fifty one hundred dollars for news coverage of the current press releases issued by ZenaTech, Inc. by the Company. FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE. This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.
Business Journals
01-08-2025
- Business
- Business Journals
How desktop as a service (DaaS) is helping business leaders rethink IT — and win
For many companies navigating hybrid work, aging hardware and overburdened IT teams have become major roadblocks to growth. The solution? A growing number of organizations are turning to desktop as a service (DaaS) — a cloud-based platform that delivers secure, virtual desktops to employees anywhere, on any device. This shift isn't just about convenience. It's a strategic move that helps businesses reduce costs, improve security and empower a more agile workforce. A smarter way to work Traditional desktop management is time-consuming and resource-intensive. IT teams are often stuck managing updates, patches and hardware issues. DaaS changes that by centralizing desktop environments in the cloud. Employees can access their workspaces from anywhere, while IT gains full control and visibility from a single dashboard. The result? Lower capital expenses, streamlined operations and a workforce that's equipped to perform at its best. Security without stress With cyber threats becoming more sophisticated, security is top of mind for every business leader. DaaS offers built-in compliance features, end-to-end encryption and multifactor authentication — ensuring sensitive data stays protected. And because desktops are managed centrally, lost or stolen devices no longer pose a major risk. From cost center to growth engine Unlike traditional virtual desktop infrastructure (VDI), which requires significant upfront investment, DaaS operates on a flexible subscription model. Businesses pay only for what they use, freeing up capital for innovation and growth. For forward-thinking companies, DaaS isn't just an IT solution — it's a competitive advantage. Powered by RapidScale RapidScale, a Cox Communications company, is a leader in hybrid and managed cloud services, offering enterprise-grade DaaS solutions tailored to modern business needs. With a focus on security, scalability and 24/7 expert support, RapidScale helps organizations transform their IT infrastructure and empower their workforce. To learn more about how DaaS can work for your business, visit
Indian Express
24-07-2025
- Business
- Indian Express
ED conducts midnight searches at‘ illegal' call centres in Tricity
The Chandigarh Zonal Office (CDZO-I) of the Enforcement Directorate (ED) carried out searches at what it described as illegal call centres, which were accused of duping foreign nationals, across the Tricity on the intervening night of Wednesday and Thursday. According to the agency, these companies operated by setting up overseas entities to receive fraudulent funds via payment gateways, which were then funnelled back to India through banking channels and hawala. On their websites, the firms claimed to offer software support services, including web designing and fixed wireless internet, but provided no details of promoters, directors, or team members. 'The entire business was run clandestinely. Even employees lacked proficiency in software or BPO operations,' an ED official said. One such firm allegedly ran a fake call centre under the name Bios Tech, USA, falsely claiming to offer support for Microsoft, HP, routers and other hardware. The directors failed to produce any agreements or certifications authorising them or their affiliates to provide technical support for these brands. The investigation agency found the Indian company was monitoring Bios Tech's backend and controlling its finances. The US entity was also operated by Indian nationals, with its director listed as a close associate of the Indian promoters. Analysis of seized call transcripts confirmed the operation of tech-fraud schemes. The IP address of the Indian firm's website also hosted a spoof site of Geek Squad, a well-known US tech firm. The ED alleged the directors were engaged in such spoofing without obtaining proper licences. Two other firms were also found to have been involved in similar fraudulent activities since 2016, according to the agency. One such firm purportedly offered tech support to CTS Mobility, a US company owned by a close relative of the Indian operators. The ED cited emails and WhatsApp chats that revealed the creation and use of fake Microsoft pop-up call links and fraudulent payments made by misusing foreign customers' credit cards for non-existent services. The websites of these companies advertised services like mobile device management, network and device support, and Device as a Service (DaaS), yet lacked promoter details. 'Office images posted online portrayed facilities akin to major IT parks, 'a far cry from reality',' the ED said.
Indian Express
24-07-2025
- Business
- Indian Express
ED conducts midnight searches on illegal call centres in Chandigarh Tricity
The Chandigarh Zonal Office (CDZO-I) of the Enforcement Directorate (ED) carried out searches at multiple illegal call centres, which were accused of duping foreign nationals, across the Chandigarh Tricity on the intervening night of Wednesday and Thursday. According to the agency, these companies operated by setting up overseas entities to receive fraudulent funds via payment gateways, which were then funnelled back to India through banking channels and hawala. On their websites, the firms claimed to offer software support services, including web designing and fixed wireless internet, but provided no details of promoters, directors, or team members. 'The entire business was run clandestinely. Even employees lacked proficiency in software or BPO operations,' an ED official said. One such firm allegedly ran a fake call centre under the name Bios Tech, USA, falsely claiming to offer support for Microsoft, HP, routers and other hardware. The directors failed to produce any agreements or certifications authorising them or their affiliates to provide technical support for these brands. ED found the Indian company was monitoring Bios Tech's backend and controlling its finances. The US entity was also operated by Indian nationals, with its director listed as a close associate of the Indian promoters. Analysis of seized call transcripts confirmed the operation of tech-fraud schemes. The IP address of the Indian firm's website also hosted a spoof site of Geek Squad, a well-known US tech firm. ED alleged the directors were engaged in such spoofing without obtaining proper licences. Two other firms were also found to have been involved in similar fraudulent activities since 2016. One purportedly offered tech support to CTS Mobility, a US company owned by a close relative of the Indian operators. ED cited emails and WhatsApp chats that revealed the creation and use of fake Microsoft pop-up call links and fraudulent payments made by misusing foreign customers' credit cards for non-existent services. The websites of these companies advertised services like mobile device management, network and device support, and Device as a Service (DaaS), yet lacked promoter details. Office images posted online portrayed facilities akin to major IT parks, 'a far cry from reality,' ED said.
Business Wire
30-06-2025
- Business
- Business Wire
XTIUM Launches Direct Operations in Europe, Advancing Global MSP Leadership Backed by Decades of Experience
ROTTERDAM, Netherlands & NEW YORK--(BUSINESS WIRE)-- XTIUM, a next-generation Managed Services Provider (MSP) meeting the growing demands and challenges facing IT leaders, today announced the launch of its direct business operations across Europe under the XTIUM brand. Following the successful business combination of ATSG and Evolve IP earlier this year, the company is expanding its comprehensive suite of managed IT services to direct customers throughout the EMEA region. "By establishing direct operations in Europe, we're delivering on our promise to provide integrated, security-first managed services that enable organizations to focus on innovation and growth, regardless of their geographic location." Share The European expansion marks a significant milestone in XTIUM's global growth strategy, establishing Rotterdam as the company's EMEA headquarters. It enables direct customers across the Netherlands, Belgium, Germany, the UK, and other European markets to access XTIUM's full portfolio of advanced IT services, extending beyond traditional cloud communications. Transforming from Communications Provider to Global MSP With roots dating back to the founding of Mtel in Rotterdam in 1999 and its acquisition by Evolve IP in 2017, XTIUM's European presence is built on decades of trusted customer relationships and technical excellence. Today's launch evolves that foundation into a unified, full-stack MSP experience. European customers who previously received unified communications and contact center services from Evolve IP will now benefit from XTIUM's expanded service portfolio, which includes cybersecurity solutions and Desktop as a Service (DaaS), launching in 2025. This will be followed by Gartner-recognized network management services and managed help desk solutions in 2026. 'This demonstrates our commitment to serving multinational enterprise customers as a truly global MSP,' said Russ Reeder, President & CEO of XTIUM. 'By establishing direct operations in Europe, we're delivering on our promise to provide integrated, security-first managed services that enable organizations to focus on innovation and growth, regardless of their geographic location.' Meeting Growing Demand for Integrated IT Services Leon Schuurmans, Managing Director of XTIUM EMEA, will lead the European operations from the Rotterdam headquarters, which houses 35 dedicated professionals, today already serving over 100 direct customers ranging from 100 to 3,500 employees across key verticals, including healthcare, financial services, retail, and business services. 'Research shows that customers want a single provider for all of their services,' said Leon Schuurmans. 'What we see is that communication services and IT services are becoming more and more integrated, and we are now able to facilitate those complete requirements. This evolution from a communications provider to a comprehensive MSP allows us to deliver the unified technology solutions our European customers need to stay competitive.' Strengthening Global MSP Leadership With over $230 million in combined revenue and serving more than 950,000 end-users across 1,700 global customers, XTIUM's European expansion reinforces its position as one of the largest privately-owned global MSPs. The company's EMEA team, comprising approximately 70 professionals, will be strategically divided between dedicated XTIUM direct services and shared support functions, ensuring specialized expertise for each business line. For existing direct customers in Europe, services, pricing, and support remain unchanged, with expanded IT service capabilities scheduled to roll out throughout 2025 and 2026. With decades of combined expertise and operations across North America, Europe, and Asia, XTIUM continues to lead the next generation of managed IT services, blending global scale with local delivery. For more information, visit About XTIUM XTIUM, formed through the combination of ATSG and Evolve IP, provides a modern, security-first approach to the managed IT services experience. Leveraging AI innovations, enterprise-grade cybersecurity, virtual desktops, unified communications, and more, XTIUM serves as a trusted partner to help businesses mitigate risk, enhance operational efficiency, and scale with confidence. For more information, visit or connect on LinkedIn. All trademarks recognized.
