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Omdia: Global spatial computing market to exceed $10 billion by 2029

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LONDON, Nov. 27, 2024 /PRNewswire/ — Omdia’s latest research, Spatial Computing: Cloud and Edge, indicates that the global spatial computing market is estimated to be $4.5 billion in 2024 and will exceed $10 billion in 2029, with a cumulative average growth rate (CAGR) of 18% through wide adoption in major consumer and enterprise use cases.

A term coined in 2003, spatial computing refers to the process involved in integrating digital data with the physical world and all the associated human interactions. Unlike 3D scene rendering, where the simulated world is isolated from the physical world and does not need to include changes in the real-world environment, spatial computing overlays digital data onto the physical world. All interactions with the data can influence the physical world and vice versa. More importantly, spatial computing represents a transformative shift for businesses, allowing users to seamlessly blend the physical and virtual worlds. This innovation is redefining how we interact with data, objects, and one another.

Traditionally, spatial computing is a very computationally intensive process. The emergence of cloud infrastructure enables large amounts of data to be collected, stored, shared, and integrated into various applications. At the same time, the availability of flexible and scalable computing and storage resources encourages enterprises and developers to create large-scale applications that are hosted in the cloud and accessed from different locations. Spatial visual and audio content creation, game development, digital twin, and near real-time simulations are some of the critical use cases that demand immersive user experience by integrating precise geolocation information and motion sensing.

With the advancement of edge compute and storage technology, vendors are determined to integrate spatial computing with various devices. Currently, the most mature applications are extended reality (XR) and robotics. “Google, Microsoft, Apple, Meta, and Qualcomm are among the major technology vendors that aim to bring spatial computing to various edge devices, including smartphones, head-mounted displays, augmented reality glasses, and robotics,” comments Lian Jye Su, Chief Analyst at Omdia.

Premium XR devices like Apple Vision Pro have showcased the promise of on-device spatial computing. As a follow-up to its $100 million Snapdragon Metaverse Fund, Qualcomm announced several chipset platforms for XR devices (Snapdragon XR2 Gen 2 and AR1 Gen 1) and robotics (Robotics RB6 Platform). Android application developers are also revitalized with the update of software development kits (SDKs) from Google and Meta.

Nonetheless, the technology remains nascent as the industry continues to see significant technology vendors offer related solutions. “To achieve this growth, Omdia expects spatial computing technology providers to improve chipset efficiency further, embrace domain-specific generative AI for spatial computing, build a vibrant ecosystem, and, most importantly, push for open standards that promote seamless interoperability and integration,” concludes Su.

ABOUT OMDIA

Omdia, part of Informa Tech, is a technology research and advisory group. Our deep knowledge of tech markets combined with our actionable insights empower organizations to make smart growth decisions.

Fasiha Khan fasiha.khan@omdia.com

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QuickStart Acquires Career Development Solutions to Accelerate Growth in Government and Enterprise Businesses

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QuickStart has acquired Career Development Solutions (CDS) to expand its IT training capabilities for government and enterprise clients. This partnership leverages CDS’s expertise in workforce development and QuickStart’s AI-powered learning platform to address critical IT skills gaps and support career advancement for individuals and employers.

AUSTIN, Texas, Dec. 12, 2024 /PRNewswire-PRWeb/ — QuickStart, a leader in online IT workforce development, is pleased to announce the acquisition of Career Development Solutions (CDS), a leading provider of IT training to government and enterprise clients.

CDS is a recognized leader in career readiness and workforce training, with extensive expertise in career transition support, employer partnerships, and government funding programs. The acquisition accelerates QuickStart’s already rapidly growing B2G business by adding significant relationships and business in Arizona, California, Nevada, and Utah. Additionally, the CDS team adds depth of B2B experience in helping employers upskill and reskill IT teams across a range of subject areas.

“This acquisition represents an incredible opportunity to combine the strengths of QuickStart and Career Development Solutions, enhancing our ability to deliver impactful training programs that ensure learners are prepared for today’s fast-evolving IT workforce,” said Bryan Kenna, CEO of QuickStart. “Together, we will rapidly expand the solutions we provide to individuals and government and enterprise partners.”

The acquisition enhances QuickStart’s dedication to providing training that addresses individual and employer needs. Leveraging a proprietary AI-powered learning platform, QuickStart develops highly targeted, skills-based career pathways and training plans to close critical digital skills gaps and provide exceptional outcomes for learners and employers.

Ryan Landry, President and Managing Director at Career Development Solutions, stated, “The acquisition of Career Development Solutions into the QuickStart family makes us, overnight, a tech-enabled workforce development ecosystem. We now handle everything from talent development to talent acquisition, providing solutions that truly lower customer costs. It’s an exciting time to be a business leader working with our tools and systems.”

For more information about QuickStart, visit https://www.quickstart.com/

To learn more about Career Development Solutions, visit www.careerdevelopmentsolutions.com

About QuickStart

QuickStart offers IT training for emerging and established professionals in the field. For over 35 years, QuickStart has partnered with IT experts and hiring managers to develop industry-aligned certificate courses and bootcamp training programs. Through online learning tailored to the latest developments in AWS (Amazon Web Services), Cisco, CompTIA, Microsoft Azure, and more, QuickStart empowers entry-level and experienced IT professionals with leading-edge skills for the workforce.

To best prepare students for professional success, QuickStart offers personalized learning plans and career support services, including resume building, coaching, and job search assistance. Students emerge ready to add value to their organizations, improve their earning power, and achieve their professional goals. Follow QuickStart on LinkedIn, Facebook, Instagram, and X.

About Career Development Solutions

Career Development Solutions offers career training programs to better your life. We give students new opportunities through globally recognized career training programs. We provide industry-leading certifications, training preparation, focused career paths, award-winning teachers, and the support you deserve.

Our career development programs match job training with industry-recognized stackable certifications built into our training programs. We create and deliver training programs that focus on in-demand sectors, including Information Technology and Manufacturing, along with closing the Technology Gap that is hindering individuals across our county from gaining employment. For more information, please visit the Career Development Solutions website or follow us on Facebook, LinkedIn, Instagram, and YouTube.

Media Contact

Imelda Wistey, QuickStart Learning, 1 (855) 800-8240, quickstart@quickstart.com, https://www.quickstart.com

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SOURCE QuickStart Learning

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ImageSource, Inc. Reinvigorates Executive Team

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ImageSource, Inc. Promotes Phong Hoang to Chief Product Officer

OLYMPIA, Wash., Dec. 12, 2024 /PRNewswire/ — ImageSource, Inc., the manufacturer of ILINX, the world’s most flexible process-improvement platform, is proud to announce the promotion of Phong Hoang to Chief Product Officer. Previously serving as Vice President of Software Development, Phong has been instrumental in shaping ILINX software into a premier enterprise process-improvement platform.

Since joining ImageSource in 2006, Phong has led the evolution of the platform through the ILINX software development lifecycle—including design, development, and testing—fostering a culture of innovation and technical excellence. Under his leadership, the ILINX platform has grown from its initial concept of point solution to fill third-party software gaps to a robust suite of software modules that drive efficiency and transformation for customers across industries.

“Phong’s vision and leadership have been pivotal to the evolution of ILINX as a flexible, scalable solution for modern business challenges,” said Terry Sutherland, CEO of ImageSource. “His ability to inspire and direct development teams has been key to our platform’s success and global adoption.”

Phong brings a wealth of technical expertise to his role, holding a Bachelor of Science in Computer Science from California State University, Long Beach. His background includes proficiency in C#/.NET, Java, C++, Web Service, and Windows Installer, as well as valuable industry experience at Kofax, Microsoft, and Pierce County before joining ImageSource.

As Chief Product Officer, Phong will continue to guide the future of the ILINX platform, ensuring its capabilities align with emerging market needs and deliver transformative outcomes for ImageSource customer-partners.

About ImageSource
ImageSource, Inc. makes process innovation easy with advanced solutions built on ILINX®, the world’s most flexible process-improvement platform, delivered by a team of experts committed to customer-partner success. Leveraging proven technology and deep implementation expertise, ImageSource empowers leading enterprises and government organizations to reduce risk, modernize operations, unlock revenue, and transform the customer experience. For more information, visit www.imagesourceinc.com, or call (360) 943-9273.

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SOURCE ImageSource, Inc.

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VANTIS VASCULAR CLOSES $10M IN SERIES B-1 PREFERRED FINANCING

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Funds will be used to initiate US commercialization of its CrossFAST™ Integrated Microcatheter Advanced Delivery System

SAN JOSE, Calif., Dec. 12, 2024 /PRNewswire/ — Vantis Vascular, Inc., a pioneering medical technology company founded by physicians with a passion to revolutionize vascular interventions, today announced the successful closing of $10 million Series B-1 preferred financing, following a raise of $30 million to date from high-net-worth individuals and National Institute of Health grants.

The CrossFAST Advanced Delivery System is commercially available in the US as part of a limited market release.

“We are proud to have the ongoing support of a strong group of investors who share our vision of transforming how complex interventional procedures are performed,” said Jason Turner, Chief Executive Officer at Vantis Vascular. “This funding is a critical milestone for Vantis and will allow us to continue our ongoing product development efforts, expand our team and initiate US commercialization of the CrossFAST Advanced Delivery System for complex high-risk PCI procedures.”

The CrossFAST System is the first and only dual monorail microcatheter advanced delivery system purpose-built for complex coronary and peripheral interventions. Unlike guide extension catheters, which have limited ability to reach targeted areas in high-risk PCIs and demonstrated risk of vessel trauma and damage to previously placed stents, the CrossFAST Advanced Delivery System incorporates an integrated microcatheter with a seamless transition to lower the risk of these adverse events during catheter delivery. The CrossFAST System is powered by DuoPRO™ Interlocking Technology, a novel mechanism coupling the microcatheter to the outer delivery catheter, allowing the system to be advanced as one unit for enhanced pushability and efficient navigation, a significant limitation of guide extension catheters, especially in complex high-risk procedures.

“With the completion of this financing, we plan to initiate the limited market release of the CrossFAST System in the United States,” commented Gary McCord, Chief Commercial Officer at Vantis Vascular. “We are confident that CrossFAST can safely navigate calcified and tortuous anatomy with ease, empowering physicians to deliver life-saving therapies to patients more effectively than ever before.”

The CrossFAST Integrated Microcatheter Advanced Delivery System is commercially available in the United States as part of a limited market release. Full market release is planned in 2025.

About Vantis Vascular:

Vantis Vascular, Inc. is a medical technology company dedicated to revolutionizing vascular interventions. Founded by physicians, Vantis develops performance-driven technologies that aim to provide faster, safer and more effective treatments. With a focus on innovation and patient-centric solutions, Vantis is committed to advancing the field of interventional cardiology and improving patient outcomes worldwide.

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SOURCE Vantis Vascular, Inc.

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