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AI-ML hiring grows 25% in May, IT sector sees 5% decline: Report
AI-ML hiring grows 25% in May, IT sector sees 5% decline: Report

Mint

timea day ago

  • Business
  • Mint

AI-ML hiring grows 25% in May, IT sector sees 5% decline: Report

New Delhi, Jun 2 (PTI)While hiring in the Artificial Intelligence and Machine Learning (AI/ML) sector posted 25 per cent year-on-year growth in May 2025, the broader Information Technology sector saw a decline in job opportunities. According to the Naukri JobSpeak May 2025 report, overall hiring in the IT sector fell by 5 per cent compared to the corresponding period in the previous year. "In an otherwise stable job market, what stood out in May was the continued momentum in AI/ML hiring across metros alongside steady demand for senior professionals, a trend that's held firm over the past year," Naukri Chief Business Officer Pawan Goyal said. In May 2025, while overall hiring remained stable, industries like real estate (5 per cent growth) and insurance (6 per cent growth) emerged as relatively bright spots, according to the report. Hiring in Retails, Telecom/ISP, and Banking, Finance & Broking declined 8-9 per cent. However, unicorns in Banking and Financial Services ramped up hiring by 29 per cent. Hyderabad and Kochi witnessed hiring growth of 7 per cent and 8 per cent, respectively, with much of this growth attributed to senior-level hiring (professionals with over 16 years of experience). Pune also experienced a 4 per cent overall hiring increase, driven in large part by a sharp 26 per cent rise in hiring by startups. Based on job listings and hiring activity on the Naukri platform, an online job portal, the JobSpeak index calculates hiring trends by analyzing new job listings, job applications, and recruiter activity across various industries, cities, and experience levels.

Here's why Byju's learning app was delisted from Google's Playstore…
Here's why Byju's learning app was delisted from Google's Playstore…

Mint

time27-05-2025

  • Business
  • Mint

Here's why Byju's learning app was delisted from Google's Playstore…

Trouble edutech unicorn Byju's learning app has been delisted from the Google Playstore for non-payment of vendor dues, according to a PTI report, citing sources. The matter has been under works between Think and Learn Pvt Ltd, the parent company of Byju's, and vendor Amazon Web Services (AWS), since April 2024, it added. Till time of writing PTI did not recieve a reply to their emailed queries from Shailendra Ajmera, Think and Learn's Insolvency Resolution Professional (IRP), it added. 'BYJU's Learning app has been delisted from Playstore because of non-payment to Amazon Web Services (AWS), which provides support to the app. Byju's business is now being managed by an Insolvency Resolution Professional who has to manage all payment-related issues as well,' a source told PTI. A spokesperson for AWS told PTI that the company has been working with Think and Learn since April 2024, 'to resolve its outstanding AWS account balance. We remain hopeful that this matter can be resolved. Separately, we are unable to comment on any actions taken by other technology providers with respect to the BYJU'S app'. Yes. Till time of writing, the Byju's Learning app continues to be available on Apple's App Store. Byju's Leaning App covered mathematics, physics, chemistry and biology for classes 4-12 and social studies for classes 6–8 as well. The app also provides preparation support for competitive exams such as JEE, NEET, and IAS. According to the sources, Byju's apps which are handled by other vendors (not AWS), are functional 'as of now'. At time of writing, the Byju's Premium Leaning app and Byju's Exam Prep app were both available on Google Playstore. The National Company Law Appellate Tribunal (NCLT) has started insolvency proceedings against Byju's on appeal by various investors, including lender-authorised agency Glas Trust.

Air Defense System Market Size worth $67.93 billion by 2030- Exclusive Study by The Research Insights
Air Defense System Market Size worth $67.93 billion by 2030- Exclusive Study by The Research Insights

Yahoo

time21-05-2025

  • Business
  • Yahoo

Air Defense System Market Size worth $67.93 billion by 2030- Exclusive Study by The Research Insights

CHICAGO, May 21, 2025 /PRNewswire/ -- The global air defense system market size is projected to be valued at USD 49.58 billion in 2024 and reach USD 67.93 billion by 2030, growing at a CAGR of 5.4% according to a latest report by The Research Insights. Significant expansion characterizes the air defense system market because of the rising threat from unmanned aerial vehicles (UAVs) and hypersonic missiles. Recent advancements have positioned drones as cost-effective yet powerful instruments for deployment in standard military operations and irregular combat scenarios. Download FREE PDF Brochure: Market Overview and Growth Trajectory: Air Defense System Market Growth: According to an exhaustive report by The Research Insights, the Air Defense System Market is experiencing significant growth, driven by realignment of defense priorities in the air defense system market. Vital infrastructure benefits from protection through new deployments of advanced missile defense shields and integrated air surveillance systems which guard against cruise missiles, unmanned aerial vehicles (UAVs), and long-range ballistic missiles. The defense systems detect and engage potential threats to intercept and destroy them before they reach their intended targets, creating an essential security layer. The report runs an in-depth analysis of market trends, key players, and future opportunities. In general, the air defense system market growth of 5.4% comprises a range of component, type, platform, range and geography which are expected to register strength during the coming years. Use of Artificial Intelligence and Machine Learning: Artificial Intelligence (AI) and Machine Learning (ML) have moved past being just theoretical ideas to become indispensable components of modern warfare strategies especially for air defense systems. Traditional defense systems fail to match the rapid advancement of new aerial threats in today's sophisticated threat landscape. AI and ML technologies are transforming defense system operations through revolutionary advancements. The air defense system market evolves as AI and ML technologies become more integrated. Contemporary air defense systems depend on AI-powered algorithms to analyze extensive data streams collected from military radar satellites and other sensory equipment. These systems identify patterns and differentiate between friendly and hostile targets while making immediate engagement decisions with minimal human help. The air defense system market experiences significant advancements and financial commitments because of AI's role as the fundamental component of modern defense structures that offer enhanced speed and smarter operations while providing greater durability. For More Information and To Stay Updated on The Latest Developments in The Air Defense System Market, Download FREE Sample Pages: Rising Popularity of Directed Energy Weapons (DEWs): The field of defense technology continues to change and Directed Energy Weapons (DEWs) especially those using laser technology have become increasingly popular as revolutionary defense solutions. DEWs provide a combination of accuracy, rapid response capabilities and economic savings that is transforming national strategies for dealing with threats in the air. Laser-based systems possess the ability to fire multiple shots for a much lower price than traditional missiles. A "shot" from DEWs requires only a few dollars' worth of electricity while traditional missile cost tens or hundreds of thousands of dollars each. The air defense system market is experiencing increased research and development activities as well as deployment of Directed Energy Weapons (DEWs). Both defense contractors and governmental agencies are allocating resources towards next-generation technologies because they see them as essential for future military strategy. Growth in C-RAM (Counter Rocket, Artillery, and Mortar) Systems: Urban warfare along with asymmetric threats now dominate modern battlefields more than at any other time. In areas where civilian populations live alongside essential infrastructure within conflict zones an advanced defense system that can respond quickly and accurately on the move stands as a critical necessity. The demand for C-RAM (Counter Rocket, Artillery, and Mortar) systems has surged because these compact air defense units effectively detect and neutralize short-range threats in real time. The air defense system market sees increased innovation because of rising dependence on mobile and short-range defense methods. Modern defense systems now use AI and data analytics to shorten response times and improve accuracy which leads to more effective threat elimination. The increasing prevalence of urban conflicts and modern combat methods makes C-RAM systems indispensable for military operations. The current changes in threat patterns drive military strategy shifts while simultaneously boosting development and change within the global air defense system market. Stay Updated on The Latest Air Defense System Market Trends: Geographical Insights: The air defense system market sees North America with market share of 41% as its leader with the United States at the forefront due to its large defense budget and superior technological capabilities. The U.S. Department of Defense allocates substantial funds towards advanced radar systems along with missile interceptors and futuristic platforms which include directed energy weapons and AI-based command systems. The Asia Pacific air defense system market is growing rapidly because of increasing geopolitical tensions in strategic areas like the South China Sea, Taiwan Strait, and Korean Peninsula. China, India, Japan, and South Korea show significant investment in both domestic and foreign air defense technologies. The Ukraine conflict contributed to the transformation of Europe's air defense system market through evolving security dynamics. Air Defense System Market Segmentation and Geographical Insights: Based on component, the market is divided into weapon system, fire control system, command & control system and others. The weapon system segment held the largest share of the air defense system market in 2024. Based on type, the market is divided into missile defense system, anti-aircraft system, (Counter Unmanned Aerial Systems (C-UAS)) and (Counter Rocket, Artillery & Mortar Systems (C-RAM)). The missile defense system held the largest share of the air defense system market in 2024. Based on platform, the market is divided into land, naval and airborne. The land segment accounted for a larger share of the air defense system market in 2024. Based on range, the market is divided into long range, medium range and short range. The medium range segment accounted for a larger share of the air defense system market in 2024. The air defense system market is segmented into five major regions: North America, Europe, Asia Pacific, Central & South America and Middle East & Africa. Get a Quote at Key Players and Competitive Landscape: The Air Defense System Market Size is characterized by the presence of several major players, including: Saab AB Israel Aerospace Industries Ltd. Leonardo S.p.A Lockheed Martin Corporation BAE Systems plc Rheinmetall AG Thales Group Kongberg Gruppen ASA RTX Corporation Northrop Grumman Boeing Aslesan A.S. Hanwha Corporation Elibit Systems Ltd. General Dynamics L3Harris Technologies Inc. These companies are adopting strategies such as new product launches, joint ventures, and geographical expansion to maintain their competitive edge in the market. Air Defense System Market Recent Developments and Innovations: In January 2025, the Italian Army has decided to introduce Skynex air defence systems from Rheinmetall. The order to supply a first system worth a total of €73m has now been placed at Rheinmetall Italia S.p.A., Rome. The contract includes an option to supply three additional systems worth €204m. In June 2024, BAE Systems plc announced the launch of Tridon Mk2, a next-generation 40mm anti-aircraft system, with unique ability to offer protection against ever-evolving aerial threats. This new solution is suitable for combat operations requiring high-precision and reliable anti-aircraft systems to protect military forces and civil infrastructure. In May 2024, Lockheed Martin Corporation partnered with Poland's local industrial partners to expand technical capabilities and deliver manufacturing expertise of components related to Patriot Advanced Capability - 3 (PAC-3) Missile Segment Enhancement, supporting air and missile defense of the country. Purchase Premium Copy of Global Air Defense System Market Size and Growth Report (2024-2030) at: Conclusion: The air defense system market experiences dynamic change because of growing geopolitical tensions along with new aerial threats and fast-paced technological progress. Modern nations are now forced to enhance and vary their air defense systems because of the expanding use of unmanned aerial vehicles (UAVs), hypersonic missiles, and saturation attacks. The evolution of agile and asymmetric threats is driving demand toward complex defensive systems that integrate Counter Rocket, Artillery, and Mortar (C-RAM) solutions with directed energy weapons (DEWs) and AI platforms to improve threat detection and response times. Lockheed Martin alongside Raytheon and Rafael leads system integration initiatives while AI technology developers and component experts work on improving system intelligence and performance. The air defense system market is expected to grow significantly as it evolves through the combination of security needs and advanced technology development. The report from The Research Insights, therefore, provides several stakeholders—including component suppliers, technology providers, OEMs, system integrators, defense system manufacturers and end users —with valuable insights into how to successfully navigate this evolving market landscape and unlock new opportunities. With projected growth to US$ 67.93 billion by 2030, the Air Defense System Market represents a significant opportunity for component suppliers, technology providers, OEMs, system integrators, defense system manufacturers, end-users, investors, industry stakeholders, and others. By staying abreast of market trends, embracing innovation, and focusing on quality and performance, companies can position themselves for success in this dynamic and evolving market landscape. Check out more related studies published by The Research Insights: Precision Guided Munition Market - The global precision guided munition market size is expected to reach USD 55.16 billion by 2030, according to a new report by The Research Insights. It is projected to expand at a CAGR of 5.7% from 2023 to 2030. Advancements in military operations and the adoption of cutting-edge combat strategies. The escalating deployment of security measures worldwide has created a fertile ground for precision-guided munitions to gain traction, fueling market growth in the coming years. Missile Warhead Market - The global missile warhead market size is expected to reach USD 10.40 billion by 2030, according to a new report by The Research Insights. It is projected to register a CAGR of 5.6% during the forecast period, attributed to the increasing frequency of geopolitical tensions and regional conflicts fuels defense expenditure and investment in cutting-edge missile systems, thereby propelling the market's expansion. Weapon Mounts Market - The global weapon mounts market size is anticipated to reach USD 1.9 billion by 2027 and is projected to grow at a CAGR of 6.4% from 2020 to 2027, according to a new report by The Research Insights. The increasing incorporation of technical weapons into defense vehicles and the growing adoption of unmanned vehicles in war zones are key factors driving this upward trend. Aerospace And Defense Materials Market - The global aerospace and defense materials market size is anticipated to reach USD 27.99 billion by 2030, according to a new report by The Research Insights, expanding at a CAGR of 5.5% from 2025 to 2030. The global aerospace and defense materials market is poised for significant growth, driven by the industry's quest for fuel efficiency and reduced emissions. Browse More related reports on Technology Market – About The Research Insights: The Research Insights provides thoroughly conducted research which is backed up by real-time statistics and data. Our experts are eager to help you with any information required under the sun. The key to our success is keeping abreast with the markets, industries, and ever-changing consumer trends that matter. Our market research professionals have in-depth knowledge and expertise across various domains that includes IT and Telecom, Emerging Technologies, Consumer Offerings, Manufacturing and Others. We are committed to reviewing the scope and procedure of the research studies that you select and provide you with an accurate guidance in order to assist you in taking the correct business decisions. Contact Us:If you have any queries about this report or if you would like further information, please contact us: Contact Person: Kaushik RoyE-mail: sales@ +1-312-313-8080Website: Logo: View original content to download multimedia: SOURCE The Research Insights

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