Future Markets Research Releases Report on Actelis Networks: A Key Player Amidst Smart City Growth and Rising Infrastructure Cyber Risks
11 Dezembro 2024 - 11:17AM
Business Wire
Report covers Actelis Networks (NASDAQ: ASNS), a transformative
player in the field of networking solutions for IoT and critical
infrastructure, delivering innovative, cyber hardened hybrid-fiber
networking. The report highlights Actelis’ unique offering,
significant milestones in major U.S. cities, and its growing
presence in global markets, alongside market drivers such as
increasing budgets for Intelligent Transportation Systems (ITS),
the fast-growing smart-city markets, and the rising need for
cyber-resilient infrastructure amidst geo-political tensions.
Actelis operates at the intersection of rapidly growing
industries, including smart cities, cybersecurity, and critical
infrastructure modernization. The company’s hybrid-fiber
technology, which combines the speed and reliability of fiber-grade
connectivity with the cost-effectiveness of leveraging existing
copper infrastructure, has proven indispensable for cities and
government entities seeking efficient solutions for upgrading aging
networks. In 2024, Actelis introduced its “Cyber Aware Networking”
initiative, an AI-driven software component it is collaborating on
that adds an additional layer of cybersecurity to its networking
solutions. This software continuously monitors for and mitigates
cyber threats, addressing vulnerabilities in real-time, especially
at the edge of IoT networks.
Actelis has experienced significant growth over the past year,
driven by high-profile projects and expanding market confidence.
The most recent notable achievements include:
- Seattle ITS Modernization: Actelis’ hybrid-fiber
technology was selected to power Seattle’s Intelligent
Transportation Systems (ITS), supporting traffic signals,
congestion monitoring systems, and dynamic messaging. As the
“Smartest City” in the U.S., Seattle’s decision to partner with
Actelis underscores the trust placed in its solutions for critical
urban infrastructure.
- Washington, D.C. Expansion: Actelis secured additional
orders for the nation’s capital, building on a $2.3 million project
announced earlier in 2024. This collaboration with M.C. Dean
integrates Actelis’ technology into Washington’s traffic management
systems, optimizing flow and safety in one of the country’s busiest
urban environments.
- Military and Government Contracts: Actelis has expanded
its presence in the defense sector, securing order for the U.S.
Army National Guard bases and achieving inclusion on the Department
of Defense Information Network (DoDIN) Approved Products List.
These milestones reflect Actelis’ growing role in national security
and critical infrastructure resilience.
- European Deployments: Actelis’ success in Germany and
Italy highlights its ability to adapt its solutions for
international markets. Recently announced projects include upgrades
to ITS infrastructure in German municipalities and Italian
motorways, demonstrating Actelis’ versatility and global
reach.
The Broader Market Perspective: Growing Market and Budgets
for Smart Cities Alongside Increased Cyber Threats to Critical
Infrastructure
The global smart cities market is experiencing remarkable
growth, projected to expand from $767.75 billion in 2024 to $4.65
trillion by 2032, representing a staggering annual growth rate of
25.2%. This transformation is fueled by rapid urbanization,
increased investment in IoT technologies, and advancements in 5G
infrastructure. At the heart of this revolution are, among other
things, Intelligent Transportation Systems (ITS), a critical
segment anticipated to grow to $65.33 billion by 2032. These
systems depend on secure, high-speed connectivity to manage traffic
flow, enhance public safety, and reduce urban congestion—all areas
where Actelis’ technology excels.
Actelis’ hybrid-fiber networking solutions seem to directly
address these challenges by offering fiber-grade performance while
leveraging existing copper infrastructure. This approach
significantly reduces deployment costs and accelerates timelines,
making it an essential solution for cities constrained by budgets
or facing urgent modernization demands. The cyber-hardened nature
of Actelis’ networking technology ensures that critical
infrastructure, including ITS and urban IoT systems, remains secure
against escalating cyber threats. Recent deployments in Seattle and
Washington, D.C., underscore the company’s capability to provide
scalable, resilient solutions tailored to modern urban
infrastructure needs.
Actelis’ cyber hardening capabilities alongside its cyber-aware
networking initiative gain further importance amidst the growing
sophistication of cyber threats targeting critical infrastructure
is intensifying. Globally, cyberattacks on essential systems
increased by 30% in 2023, with sectors like energy,
telecommunications, and transportation being primary targets. The
interconnected nature of these systems amplifies the risk, as
vulnerabilities in one area can cascade into others. These
challenges are compounded by geopolitical tensions, as highlighted
by recent reports from the House Committee on Homeland
Security.
2024: A Transformative Year
Actelis’ financial achievements in 2024 underscore its strong
growth trajectory. In Q3 2024, the company reported revenue of
$2.54 million, a 200% increase from Q3 2023. Year-to-date revenue
reached $6.7 million, a 46% year-over-year increase. Gross margins
surged to 69%, up from 27% the previous year, driven by high-margin
software and hybrid-fiber solutions.
Key to this success was a $1.4 million renewal contract with a
major North American client, $1.1 million of which was recognized
in Q3. Additionally, Actelis reduced operating expenses by 12% and
narrowed its net loss by 41% to $0.51 million. These results
indicate that Actelis is steadily moving toward profitability while
maintaining disciplined cost management. The company’s robust
performance since is complemented by its strategic wins in Seattle,
Washington, and other key markets, demonstrating its ability to
continue receiving large-scale projects and gaining the confidence
of major city’s and local governments.
Looking Ahead
Actelis Networks seems to be at the forefront of critical
infrastructure modernization, driving advancements in secure,
scalable networking solutions. With its innovative hybrid
copper-fiber technology, AI-driven cybersecurity measures, and
strong financial performance, Actelis is poised for sustained
growth in the rapidly evolving markets of smart cities,
transportation, and defense. As cities and governments increase
their focus on IOT, smart city investments, infrastructure
modernization and cyber resilience, it seems like Actelis may be
well-positioned to lead the way.
Future Markets Research is a digital research and coverage
brand, offering commentary and exploration into the current and
future states of emerging and innovative industries and companies
around the globe.
Read the report online
***
Important disclaimers and disclosures: This update may include
speculative forward looking statements. Readers are cautioned that
any such forward-looking statements are not guarantees of future
performance and involve risks and uncertainties, and that actual
results may differ materially from those in the forward-looking
statements as a result of various factors. The cyber, smart city,
IOT and other industries and or markets mentioned are volatile and
risky and readers are advised to seek out professional advice in
the relevant fields from licensed professionals. This report is for
informational purposes only and is not intended to serve as
financial, investment or any form of professional advice,
recommendation or endorsement. Please review the full documentation
detailing financial compensation disclosures and disclaimers the
article is subject to. [https://justpaste.it/ecto7/pdf]. Future
Markets Research is a commercial digital brand operated for IR
purposes compensated by the issuer aforementioned to provide
coverage of news and developments related to innovative companies
as detailed in the full documentation and it is thus subject to
conflicts of interest.
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Future Markets Research
ronald@futuremarketsresearch.org
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