VCI (US:VCIG) Newsfilterยท2024-06-07 12:39Core Insights - VCI Global Limited has announced the launch of "Socializer," a military-grade secured messaging platform aimed at protecting data privacy and facilitating digital asset storage [6] - The beta version of Socializer will be available for download in July 2024, with a full launch expected in October 2024 [2] - The platform features advanced security measures, including end-to-end encryption and facial recognition technology to enhance user privacy [1][12] Company Overview - VCI Global Limited operates as a diversified holding company focusing on consulting, fintech, AI, robotics, cybersecurity, and gamification [14] - The company is based in Kuala Lumpur, Malaysia, with operations primarily in Asia and visibility across the Asia Pacific, the United States, Europe, and the Middle East [14] - VCI Global offers consulting services in capital markets, real estate, AI, and technology, and operates a secured messaging platform for governments and organizations [14] Market Insights - The messaging security market is projected to grow at a CAGR of 14.30%, reaching US$21.6 billion by 2032 from 2023 [7] - The global crypto wallet market, valued at US$10.28 billion in 2023, is expected to exceed US$94.45 billion by 2033, with a CAGR of 24.83% from 2024 to 2033 [7] - Growth in these markets is driven by increasing cyber threats, regulatory compliance requirements, and the rising acceptance of cryptocurrencies [7]