BENGALURU, India, Jan. 21, 2025 /PRNewswire/ — Aurigo Software, the leading provider of capital planning and construction management software for infrastructure and private owners, announced the opening of its new global research and development (R&D) center in Bangalore, India. This move marks a significant milestone as Aurigo transitions to a larger, state-of-the-art facility, consolidating its operations in the city to drive innovation and scale growth.

Aurigo’s presence in Bangalore and Mysore has allowed the company to tap into a vast talent pool of over 1.3 million professionals across India, advancing its engineering, technology, and business strategies. The newly established center is set to focus on developing software products, including artificial intelligence-based (AI) solutions that meet the evolving needs of the global infrastructure sector.

“The Bangalore campus is not just a space; it is a testament to how far we have come in the past 20 years,” said Balaji Sreenivasan, CEO and Founder of Aurigo Software. “This new facility will play a crucial role as we expand our product offerings, explore new markets, and develop innovative AI solutions that drive smarter, more efficient infrastructure development worldwide.”

The nearly 60,000-square-foot facility is designed to promote collaboration and employee well-being. It features advanced demo rooms, ergonomic workstations, a state-of-the-art training center, a well-equipped cafeteria, and dedicated wellness and recreational spaces. The amenities are designed to encourage creativity and improve productivity, aligning with Aurigo’s commitment to maintaining a supportive work environment.

“The launch of our global R&D center represents our investment in creating an environment where innovation thrives,” said Marisa Landez, Vice President of Human Resources at Aurigo Software. “The workspace helps support a hybrid-work model and empowers our teams to push boundaries and advance their careers while maintaining meaningful connections and healthy work-life integration.”

Aurigo’s ongoing investments in its Bangalore and Mysore hubs, combined with the recent hiring of engineering graduates from premier institutions, highlight its strategic focus on fostering talent and expanding capabilities. Additionally, the company’s involvement with local universities, charities, and the business community through initiatives like Aurigo Cares reflects its commitment to community engagement and development. Aurigo’s growing presence in India further supports its broader vision for excellence in infrastructure management.

About Aurigo Software

Aurigo builds software that helps build the world. Aurigo provides modern, cloud-based solutions for capital infrastructure and private owners to help plan with confidence, build with quality, and maintain their assets efficiently. With more than $300 billion of capital programs under management, Aurigo’s solutions are trusted by over 300 customers in transportation, water and utilities, healthcare, higher education, and government on over 40,000 projects across North America. Aurigo helps capital program executives make better decisions based on proprietary artificial intelligence and machine learning technology. Aurigo is a privately held U.S. corporation headquartered in Austin, Texas, with global offices in Canada and India. Learn more at www.aurigo.com.

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NEW YORK, Jan. 20, 2025 /PRNewswire/ — Report with the AI impact on market trends – The global mechanical connectors market size is estimated to grow by USD 4.77 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  5.6%  during the forecast period. Increasing demand for mechanical connectors in automotive industry is driving market growth, with a trend towards product launches. However, fluctuating raw material prices of mechanical connectors  poses a challenge. Key market players include 3M Co., ABB Ltd., Axis Electrical Components India Pvt. Ltd., Birkett Electric Ltd., Componect AG, Conex Metals, Connector Subsea Solutions, Conway, Electrofocus Electricals, HellermannTyton GmbH, Hirpara Metal Industries, Hubbell Inc., Nexans SA, NILED, NSI Industries LLC, Panduit Corp., Prysmian Spa, Raychem RPG Pvt. Ltd., STATS Group, TE Connectivity Ltd., and Tempo Communications Inc..

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Market Driver

The Mechanical Connectors market is experiencing significant growth due to increasing trends in Fixed Broadband Connections and Higher Bandwidth requirements. Fiber Optic Connectors and Coaxial Cables are popular choices for high-speed data transfer in various sectors like Telecom, Military & Defense, Commercial, Civil, Oil & Gas, Energy & Power, Submarine Communication, Digital Data Storage, Automotive Sector, and Electric Vehicles. Industries like Infrastructure Development, Data Centre Investments, and High-Speed Data Transfer are driving the demand for Internal Cables & Connectors and External Cables & Connectors. Raw material prices, particularly Copper’s electrical conductivity, impact the market. Electronic systems and Electrical systems integration in sectors like Telecom, 5G technology, IoT technology, Automation technology, Autonomous vehicles, Aerospace and defense, and Urbanization require quick connectors and miniature connectors. PCB connectors are essential for electronic systems. Governmental policies, industrialization, and technological advancements in sectors like Telecommunications, Communication networks, and Signal transmission (power transmission) are fueling market growth. Raw material prices and technological innovations in High-Speed Connectors, Electric vehicles, and Copper are key challenges. 

The Mechanical Connectors Market is witnessing significant growth as key players are implementing strategic initiatives to expand their product portfolios and capture larger market shares. Notable companies in this industry are focusing on new product launches to cater to diverse end-user needs. In February 2022, Nexans introduced a new mechanical power connector to their GPH cable connectors and cable lugs line for medium-voltage cables. Likewise, HellermannTyton launched cast resin cable joints in May 2022, featuring cable connectors and constant force springs with straight ends for effortless installation. These new offerings help companies enhance their product ranges and support the evolving requirements of their customers. The market encompasses both international and local players, creating a competitive landscape. 

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 Market Challenges

The Mechanical Connectors Market is experiencing significant growth due to the increasing demand for fixed broadband connections with higher bandwidth. Fiber optic connectors and coaxial cables are popular choices for high-speed data transfer in various industries. Internal cables and connectors are essential for electrical systems in commercial, civil, oil & gas, energy & power, and infrastructure development projects. External cables and connectors are crucial for military & defense, telecom sector, and digital data storage applications. Miniature connectors, PCB connectors, and quick connectors are in high demand for electronic systems integration in consumer electronics, automation technology, autonomous vehicles, and aerospace and defense. Raw material prices, especially copper’s electrical conductivity, impact the market’s growth. Urbanization and industrialization drive the need for high-speed connectors in telecommunications and communication networks. Governmental policies and 5G technology, IoT technology, and the automotive sector’s shift towards electric vehicles also contribute to the market’s growth.The cost of raw materials plays a significant role in the manufacturing and pricing of mechanical connectors. Aluminum, copper, and brass are primary materials used in this industry. Fluctuations in demand from various industries can impact the price of these raw materials. For instance, the price of aluminum reached record highs of USD3,820/t in March 2022, up from around USD3,340/t in February. International political scenarios can also cause supply and demand imbalances, leading to further price fluctuations. Producers must closely monitor raw material costs to maintain competitive pricing in the market.

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Segment Overview 

This mechanical connectors market report extensively covers market segmentation by  

Type 1.1 Aluminum1.2 Copper1.3 Brass1.4 OthersApplication 2.1 Automotive2.2 Industrial2.3 Aerospace and defense2.4 OthersGeography 3.1 APAC3.2 North America3.3 Europe3.4 South America3.5 Middle East and AfricaProduct

1.1 Aluminum-  Aluminum connectors are cylindrical components used for terminating electrical wires in machines and electrical equipment where vibration is a concern. These connectors are widely utilized in military, automotive, industrial, and medical equipment applications. Military connectors have sealing capabilities, with metal outer shells. Commercial-grade aluminum connectors are extensively used in industrial and automotive sectors. TE Connectivity Ltd. And 3M are notable vendors offering aluminum connectors, such as TE’s AMPLIMITE Ultra-Lite D-Subminiature connector and 3M’s metal D-SUB aluminum lightweight connector. The increasing demand for lightweight miniature connectors is driving market growth, making aluminum connectors a significant segment in the overall market, which is expected to fuel the market’s expansion during the forecast period.

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Research Analysis

The Mechanical Connectors Market is witnessing significant growth due to the increasing demand for fixed broadband connections with higher bandwidth. Fiber optic connectors and coaxial cables are the primary types of mechanical connectors, finding extensive applications in various industries. Internal cables & connectors and external cables & connectors are essential components in electrical and electronic systems, driving the market growth. The market is expanding in sectors like Military & Defense, Commercial, Civil, Oil & Gas, Energy & Power, Electronic systems, and Electrical systems, due to the need for reliable signal and power transmission. Urbanization, consumer electronics, automation technology, automotive segment, advanced safety features, autonomous vehicles, and the telecom sector are other significant end-users. Raw material prices and the emergence of 5G technology and IoT technology are key factors influencing the market dynamics. The market is expected to grow further due to the increasing demand for mechanical connectors in various applications, including telecommunications infrastructure, renewable energy, and automotive manufacturing.

Market Research Overview

The Mechanical Connectors Market encompasses a diverse range of products used to join various components in various industries. These connectors play a crucial role in signal transmission and power transmission in sectors such as Fixed Broadband Connections, Telecom, and Communication networks. With the increasing demand for Higher Bandwidth, Fiber Optic Connectors and Coaxial Cables are gaining popularity. Internal Cables & Connectors and External Cables & Connectors are essential in sectors like Military & Defense, Commercial, Civil, Oil & Gas, Energy & Power, Submarine Communication, Digital Data Storage, Automotive Sector, Electric Vehicles, Infrastructure Development, Data Centre Investments, and High-Speed Data Transfer. Raw material prices, particularly Copper’s electrical conductivity, significantly impact the market. The market also caters to various sectors like Electronic systems, Electrical systems, Signal transmission, Power transmission, Urbanization, Consumer electronics, Automation technology, Autonomous vehicles, Aerospace and defense, Telecom sector, 5G technology, IoT technology, Miniature connectors, PCB connectors, and Quick connectors. Industrialization and Governmental policies also influence the market trends.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TypeAluminumCopperBrassOthersApplicationAutomotiveIndustrialAerospace And DefenseOthersGeographyAPACNorth AmericaEuropeSouth AmericaMiddle East And AfricaProduct

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

BANGKOK, Jan. 21, 2025 /PRNewswire/ — As Asia’s retail trading market matures, the focus is shifting beyond regulatory compliance to a broader culture of trader protection and financial security. Mitrade, a Contract for Difference (CFD) trading platform, has introduced a million-dollar Excess of Loss Insurance Policy backed by Lloyd’s of London to strengthen its trader confidence.

This coverage provides an added layer of financial protection for Mitrade’s CFD trading community by safeguarding client money against the unlikely event of company insolvency. It goes beyond industry regulatory compliance requirements to raise the bar for trader care within the CFD trading space.

The announcement dovetails with Asia’s surge in retail CFD trading, reflecting growing interest in digital assets as part of broader financial market activity. Rapid growth highlights increasing demand for financial instruments like CFDs, which allow traders to access markets with lower capital without directly owning the underlying assets.

“Protecting trader interests today demands a more proactive approach,” said Kevin Lai, Vice President of Mitrade Group. “By providing this excess of loss policy at no cost for our user community, Mitrade addresses a critical need for enhanced capital protection that goes beyond what regulations typically require. In today’s complex trading environment, measures like these are essential for fostering trust and resilience in the broader financial landscape.”

The CFD broker operates under global regulatory authorities, including the Cayman Islands Monetary Authority (CIMA) and the Mauritius Financial Services Commission (FSC). The Excess of Loss Insurance, automatically provided to platform users, offers coverage of up to USD 1,000,000 in aggregate claims. It works alongside safeguards like the practice of segregated funds and mandatory professional indemnity insurance to strengthen client fund protection.

Mitrade’s commitment to empowering traders’ confidence and market transparency has earned recognition, including the Best Client Fund Security Global 2024 and Most Transparent Trading Platform 2024 awards.

About Mitrade  

Mitrade is an award-winning CFD trading platform servicing clients globally through its various licenses: Australia’s ASIC, the Cayman Islands’ CIMA, Mauritius’s FSC, and Cyprus’s CySEC. Committed to democratising global market access, it connects users to over 700 financial assets, including indices, forex, commodities, ETFs, and shares. Powered by proprietary AI-driven technology, Mitrade offers fast execution, low spreads, and robust risk mitigation tools. Its multi-device compatibility gives users a seamless trading experience at every journey stage. 

For more information on Mitrade, visit  https://www.mitrade.com/.

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SOURCE Mitrade