#5G IoT Market Growth

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5G IoT Market - Forecast(2024 - 2030)

5G IoT Market Overview

The 5G IoT Market size is forecast to reach $40.5 billion by 2026, growing at a CAGR 61% from 2022 to 2026. Increased proliferation of technologies like predictive maintenance, data analytics, digital twins and others in manufacturing sector has been eventually driving the need for 5G IoT. Rising demand for connected cars equipped with advanced in-vehicle infotainment and telematics system along with increasing penetration of advanced communication infrastructure in healthcare sector to optimize surgical robots, asset tracking, telemedicine, remote health monitoring are some of the prime factors driving the global 5G IoT Market. Furthermore, with growing adoption of precision farming, agricultural drones and greenhouse automation, global 5G IoT has gained a huge traction. Rise in adoption of IoT and artificial intelligence (AI) to develop fully connected smart cities offering high speed data transmission and data analytics as a part of improving real-time monitoring is analyzed to drive the market in future years.

5G IoT Market Report Coverage

The report: “5G IoT Industry Outlook – Forecast (2022-2026)”, by IndustryARC covers an in-depth analysis of the following segments of the 5G IoT Industry.

By Solution: Hardware, Cellular Connectivity, Software, Services

By Organization Size: SME, Large Enterprises

By Radio Technology: 5G New Radio Standalone Architecture, 5G New Radio Non-Standalone Architecture

By Range: Short Range 5G IoT devices, Wide Range 5G IoT devices

By Application: Predictive Maintenance, Business Optimization, Asset Tracking and Management, Logistics & Supply Chain Management, Automation Control and Management, Others

By End Users: Manufacturing (Medical & Pharmaceutical, Chemical, Food & Beverage, FMCG, Metal, Machinery & Equipment, Semiconductor & Electronics, Others), Transportation & Logistics, Consumer, Oil & Gas, Automotive, Ports, Energy, Smart City, Smart Building, Retail, Agriculture, Healthcare, Education, Smart Events & Stadia, Mining, Utilities, Others

By Geography: North America (US, Canada, Mexico), Europe (Germany, U.K, France, Spain, Italy, Others), APAC (China, Japan, Malaysia, Thailand, South Korea, Philippines, Hong Kong, Others), South America (Brazil, Argentina and others), RoW (Middle East and Africa)

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Key Takeaways

5G New Radio Standalone architecture is analyzed to witness highest growth in the 5G IoT Market during 2022-2026 owing to increased performance, super-fast response times and faster access to higher data rates.

APAC 5G IoT Market held the largest share in 2021, attributing to factors like rising demand for more reliable connectivity and more bandwidth between devices among manufacturers as a part of optimizing smart industrial operations including process automation, remote monitoring, collaborative robots, predictive analytics, augmented reality, additive manufacturing.

Increased proliferation of technologies like predictive maintenance, data analytics, digital twins and others in manufacturing sector along with rise in demand for connected cars equipped with advanced in-vehicle infotainment and telematics system are analyzed to significantly drive the global 5G IoT Market during the forecast period 2022-2026.

5G IoT Market Segment Analysis- By Radio Technology

By radio technology, 5G IoT Market has been segmented into 5G New Radio Standalone Architecture, 5G New Radio Non-Standalone Architecture. 5G New Radio Standalone Architecture is analyzed to grow with the highest CAGR of 72% during the forecast period 2022-2026. As compared to 5G non-standalone architecture, standalone architecture acts as a more efficient solution, which includes increased performance, better flexibility, and reduced complexity, attributing to its market growth. Rising adoption of connected cars, immersive media, automated guided vehicles or cobots control need super-fast response times and faster access to higher data rates, which is enabled by SA architecture, and thus such beneficiary capabilities of 5G standalone technology are boosting its market growth. In May 2021, Swisscom announced its plans to strengthen its long-term strategic partnership commitment to Ericsson with a deal including 5G Standalone (SA) rollout. This 5G SA is analyzed to enable Swisscom to deliver superior network performance and new use cases comprising logistics, energy, factory, mining, and airport and so on. Such factors are further set to propel the market growth of 5G IoT Market in the long run. 

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5G IoT Market Segment Analysis- By End Users

By end users, 5G IoT market has been segmented into Manufacturing, Transportation & Logistics, Consumer, Oil & Gas, Automotive, Ports, Energy, Smart City, Smart Building, Retail, Agriculture, Healthcare, Education, Smart Events & Stadia, Mining, Utilities and Others. Automotive sector is analyzed to witness the highest growth with a CAGR 70% during 2022-2026. The demand for future mobility and automated driving coupled with enhanced multimedia and infotainment features in the car is attributing to the market growth. Rising investment towards infotainment solutions with 5G connectivity for seamless and delay-free video and music streaming along with the integration of weather forecasts, or information on the current traffic situation is another prime factor contributing towards market growth. Expansion of digital infrastructure is set to lead to a huge increase in data in the automotive sector. According to a report published by Acta Verba, in advanced connected cars, the data flow is to reach 1 GB per vehicle per day, and it will further explode by 30 times to 1 TB of data per vehicle, per month, by 2025. This creates a need for significantly more bandwidth and faster data processing capabilities close to end users and mobile devices at the digital edge, and such factors are contributing towards expansion of 5G IoT Market. In December 2021, Volkswagen announced the deployment of Nokia’s industrial-grade private 5G wireless network at the company’s main plant in Wolfsburg, Germany. This development was done to help the facility achieve real-time connectivity for IoT sensors, connected vehicles and machinery, supporting intelligent networking of production robots and wireless assembly tools. Such factors are set to drive the market forward in the coming years.

5G IoT Market Segment Analysis- By Geography 

By Geography, 5G IoT Market has been segmented into North America, Europe, APAC, South America and Others. APAC dominated the 5G IoT Market with a share of 34% in 2021, owing to burgeoning demand for next-generation high-speed mobile internet among manufacturers in this region for more reliable connectivity and more bandwidth between devices. Rising partnerships between telecom operators and IoT network providers in APAC region with an aim to enable enterprises running more automated, productive, sustainable and safer businesses with harmonized service level agreements, while providing real-time insights is resulting in speedy expansion of the market. Although 4G can accommodate Industry 4.0 capabilities, 5G is analysed to be the true accelerator for digitalization and the key to implementing features like IoT, advanced robotics and remote machine control, and augmented/virtual reality (AR/VR) to enterprises, with the manufacturing and energy sectors taking the lead in its adoption. According to GSMA, APAC 5G Industry Community is formed by 12 Contributing members and the existing IoT community and 5G emerging market community with over 500 members in more than 30 countries with an aim to build a platform for people who are passionate about 5G benefits to industries and enterprises, to connect with peers and share their knowledge, requirement, and build the ecosystem to support each other to drive businesses forward with the new technologies in APAC. Furthermore, growing investment towards smart city infrastructure, equipped with advanced security features for real-time surveillance, large scale monitoring by local authorities and backed up by analytics, Artificial Intelligence (AI), Internet-of -Things (IoT) and data-driven insights is one of the key factors driving its market growth within the region. In January 2022, Qualcomm announced collaboration with Cybertrust Japan Co., Ltd. and SB Technology Corp. through the Qualcomm IoT Services Suite offering to proliferate smart Cities and 5G IoT solutions in Japan. This collaboration was done to explore projects with Qualcomm Smart Cities Accelerator Program ecosystem members and develop smart solutions for use cases across smart cities, smart campuses, smart parking, smart energy-management, smart security, smart factories, and more in this country. Such developments are set to create significant growth opportunities for the market during 2022-2026.

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5G IoT Market Drivers

Increased proliferation of technologies like predictive maintenance, data analytics, digital twins and others in manufacturing sector are impacting the market growth

Increasing penetration of advanced technologies like predictive maintenance, data analytics, digital twins and others as a part of improving business insights for greater operational efficiency, better product quality, optimized supply chain performance and so on acts as major factor driving the market growth towards 5G IoT Market. The burgeoning demand for predictive maintenance in manufacturing sector leveraging critical communication infrastructure provides data analysis tools and techniques, which are used to monitor equipment condition for regular operational wear and tears, and such factors are analyzed to elevate the 5G IoT Market. Furthermore, rising investments towards connected asset monitoring enabling real-time asset data analysis assists in providing a powerful tool for productivity improvement, which in turn can also aid the market growth overtime. 5G’s enhanced bandwidth compared with other wireless communications technologies help robots and cobots to be monitored and updated in real-time as the environment changes. 5G’s low latency allows for actions to be monitored close to real-time, and such benefits of 5G are propelling the growth of the market. In November 2021, Huawei and China Mobile jointly deployed 5G enabled manufacturing solutions powered by mobile edge computing (MEC) at Haier’s smart factories. Haier is leveraging advanced technologies like artificial intelligence and machine vision at seven smart factories in China and has planned to expand in 20 factories by the end of 2022. Such new development is set to fuel the market growth in the long run.

Rise in demand for connected cars equipped with advanced in-vehicle infotainment and telematics system drives its market forward

Growing demand for connected cars equipped with advanced in-vehicle infotainment and telematics system act as a major driver boosting its market growth. The enhanced bandwidth of 5G New Radio enables richer infotainment and more immersive in-car entertainment experiences. Adoption of multi-access edge computing (MEC) platform puts processing power at the edge of the network, for faster gaming and higher quality video. Such beneficiary capabilities of 5G IoT is analyzed to positively impact the market growth overtime. Furthermore, with the substantial growth of C-V2X technology, 5G network for C-V2X infrastructure for use on on-board platforms is evolving. The rise in adoption of advanced driver assistance system (ADAS), equipped with on-board sensors, is also set to significantly trigger the growth of 5G IoT Market. Rising investments towards autonomous driving (AD) with an aim to harmonize and accelerate the introduction of intelligent transport and communication solutions is augmenting the growth of the market. According to the Economic Times, connected car shipments in the U.S. is expected to cross 80 million units during 2020 to 2025, growing at a CAGR of 10%. They moreover state that 5G cars will account for 27% of the market by 2025. In August 2021, Honda collaborated with Verizon to explore how Verizon 5G Ultra Wideband and 5G Mobile Edge Computing (MEC) can ensure fast, reliable communication between road infrastructure, vehicles and pedestrians. Verizon’s 5G and MEC platforms bring the power of the cloud closer to the vehicle, lowering latency, offering massive bandwidth, and improving communications and connectivity between drivers, other cars, traffic lights, pedestrians and emergency vehicles to improve threat detection and avoid accidents. Such developments are analyzed to propel the 5G IoT Market growth in the coming years.

5G IoT Market Challenges

High infrastructure cost related with 5G deployment and coverage hinders its market growth

5G offers a significant increase in speed and bandwidth, but its more limited range requires further infrastructure. 5G antennas and base stations are smaller in the 5G era, but more of them would have to be installed on buildings or homes to compensate for their shorter range. Cities need to install extra repeaters to spread out the waves and extend range, while also maintaining consistent speeds in more densely populated areas, and thus, deployment of additional infrastructure requires high cost, which in turn create a negative impact on the growth of the market. A small tower and 5G cell site costs $30,000–$50,000 and due to such high costs small and medium enterprises are not opting for 5G. Investments needed in key components for a 5G network coverage includes spectrum, sites, power distribution and resilient strength fibre. Such factors have been creating an adverse impact on its market growth.

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5G IoT Market Landscape

Product innovations, acquisitions, Partnerships and R&D activities are key strategies adopted by players in the 5G IoT Market. 5G IoT top 10 companies include: 

Qualcomm

Ericsson

Nokia Corporation

Samsung Electronics Co. Ltd.

AT&T Inc.

Verizon Communications Inc.

Vodafone Group Plc

Telefonica S.A.

Deutsche Telekom

SK Telecom

Recent Developments

In November 2021, Samsung announced about the launch of its latest automotive chip solutions, the Exynos Auto T5123 for 5G connectivity to enhance smarter and more connected automotive technologies for enriched in-vehicle experiences including entertainment, safety and comfort and other critical features on the road. This product is specifically designed to bring fast and seamless 5G connectivity in both standalone (SA) and non-standalone (NSA) mode to the next generation of connected cars.

In October 2021, Ericsson announced about the launch of end-to-end time critical communication for real time 5G experiences such as cloud gaming, AR/VR, and unlock new ones in remote control, mobility automation, and industrial control. With the launch of its new Critical IoT product, Ericsson is enhancing its 5G capabilities ensuring consistent low latency and high reliability demanded by time-critical applications and services for consumers, enterprises, and public sector. 

In August 2021, Qualcomm announced about the launch of Qualcomm Flight RB5 5G Platform to offer both 5G and AI-capabilities for delivering a solution which will drive the next generation of high-performance, low-power, 5G drones. With this launch, Qualcomm combines heterogeneous, low-power computing and camera systems with AI, and long-range connectivity such as 5G, and Wi-Fi 6 to bring together the unparalleled power of 15 TOPS with advanced imaging capabilities and drone-to-drone communication.

[intelisync]

2024's Game-Changing Technologies for Metaverse Development

Picture a universe where virtual and physical worlds blend seamlessly, allowing you to interact with digital elements in real-time. As 2024 draws near, groundbreaking technologies are shaping this metaverse, making such interactions more immersive and dynamic than ever.

The metaverse, an expansive network of virtual environments, is evolving rapidly as we approach 2024, driven by several key technologies. Virtual Reality (VR) and Augmented Reality (AR) are at the forefront, enabling immersive experiences that blend the physical and digital worlds. VR technology has advanced significantly, offering users enhanced graphics, realistic simulations, and responsive feedback that create fully immersive digital environments.

AR enhances the physical world by overlaying digital information, enriching experiences in retail, healthcare, and entertainment through interactive and engaging environments.

Blockchain technology is essential for the metaverse, providing a secure and transparent method for managing digital assets and transactions. Non-fungible tokens (NFTs) allow users to own unique digital assets like virtual real estate and art, while smart contracts facilitate automated and secure transactions. The decentralized nature of blockchain promotes trust and reliability, making it a crucial component of the metaverse's infrastructure.

Artificial Intelligence (AI) further enhances user experiences by creating intelligent virtual agents, personalized interactions, and realistic simulations. AI-driven non-player characters (NPCs) provide engaging and adaptive experiences, and AI technologies enable natural language processing and speech recognition for seamless communication between users and virtual environments.

Edge computing and 5G technology are critical for the seamless operation of the metaverse. By bringing data processing closer to users, edge computing reduces latency and improves the responsiveness of virtual environments. 5G networks provide the high-speed internet required for real-time interactions, supporting scalable and complex virtual environments.

The Internet of Things (IoT) and spatial computing further enhance the metaverse by capturing physical movements and translating them into virtual actions, creating realistic and immersive experiences.

Elevate your business with Intelisync's cutting-edge metaverse solutions. Reach out to Intelisync today and learn how our advanced technologies in VR, AR, AI, and blockchain can revolutionize your operations, enhance customer engagement, and drive your Learn more...

[frank-olivier]

Semiconductors: The Driving Force Behind Technological Advancements

The semiconductor industry is a crucial part of our modern society, powering everything from smartphones to supercomputers. The industry is a complex web of global interests, with multiple players vying for dominance.

Taiwan has long been the dominant player in the semiconductor industry, with Taiwan Semiconductor Manufacturing Company (TSMC) accounting for 54% of the market in 2020. TSMC's dominance is due in part to the company's expertise in semiconductor manufacturing, as well as its strategic location in Taiwan. Taiwan's proximity to China and its well-developed infrastructure make it an ideal location for semiconductor manufacturing.

However, Taiwan's dominance also brings challenges. The company faces strong competition from other semiconductor manufacturers, including those from China and South Korea. In addition, Taiwan's semiconductor industry is heavily dependent on imports, which can make it vulnerable to supply chain disruptions.

China is rapidly expanding its presence in the semiconductor industry, with the government investing heavily in research and development (R&D) and manufacturing. China's semiconductor industry is led by companies such as SMIC and Tsinghua Unigroup, which are rapidly expanding their capacity. However, China's industry still lags behind Taiwan's in terms of expertise and capacity.

South Korea is another major player in the semiconductor industry, with companies like Samsung and SK Hynix owning a significant market share. South Korea's semiconductor industry is known for its expertise in memory chips such as DRAM and NAND flash. However, the industry is heavily dependent on imports, which can make it vulnerable to supply chain disruptions.

The semiconductor industry is experiencing significant trends, including the growth of the Internet of Things (IoT), the rise of artificial intelligence (AI), and the increasing demand for 5G technology. These trends are driving semiconductor demand, which is expected to continue to grow in the coming years.

However, the industry also faces major challenges, including a shortage of skilled workers, the increasing complexity of semiconductor manufacturing and the need for more sustainable and environmentally friendly manufacturing processes.

To overcome the challenges facing the industry, it is essential to invest in research and development, increase the availability of skilled workers and develop more sustainable and environmentally friendly manufacturing processes. By working together, governments, companies and individuals can ensure that the semiconductor industry remains competitive and sustainable, and continues to drive innovation and economic growth in the years to come.

Chip War, the Race for Semiconductor Supremacy (2023) (TaiwanPlus Docs, October 2024)

Dr. Keyu Jin, a tenured professor of economics at the London School of Economics and Political Science, argues that many in the West misunderstand China’s economic and political models. She maintains that China became the most successful economic story of our time by shifting from primarily state-owned enterprises to an economy more focused on entrepreneurship and participation in the global economy.

Dr. Keyu Jin: Understanding a Global Superpower - Another Look at the Chinese Economy (Wheeler Institute for Economy, October 2024)

Dr. Keyu Jin: China's Economic Prospects and Global Impact (Global Institute For Tomorrow, July 2024)

The following conversation highlights the complexity and nuance of Xi Jinping's ideology and its relationship to traditional Chinese thought, and emphasizes the importance of understanding the internal dynamics of the Chinese Communist Party and the ongoing debates within the Chinese system.

Dr. Kevin Rudd: On Xi Jinping - How Xi's Marxist Nationalism Is Shaping China and the World (Asia Society, October 2024)

Tuesday, October 29, 2024

[spookysaladchaos]

Global top 13 companies accounted for 66% of Total Frozen Spring Roll market(qyresearch, 2021)

The table below details the Discrete Manufacturing ERP revenue and market share of major players, from 2016 to 2021. The data for 2021 is an estimate, based on the historical figures and the data we interviewed this year.

Major players in the market are identified through secondary research and their market revenues are determined through primary and secondary research. Secondary research includes the research of the annual financial reports of the top companies; while primary research includes extensive interviews of key opinion leaders and industry experts such as experienced front-line staffs, directors, CEOs and marketing executives. The percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

According to the new market research report “Global Discrete Manufacturing ERP Market Report 2023-2029”, published by QYResearch, the global Discrete Manufacturing ERP market size is projected to reach USD 9.78 billion by 2029, at a CAGR of 10.6% during the forecast period.

Figure.   Global Frozen Spring Roll Market Size (US$ Mn), 2018-2029

Figure.   Global Frozen Spring Roll Top 13 Players Ranking and Market Share（Based on data of 2021, Continually updated）

The global key manufacturers of Discrete Manufacturing ERP include Visibility, Global Shop Solutions, SYSPRO, ECi Software Solutions, abas Software AG, IFS AB, QAD Inc, Infor, abas Software AG, ECi Software Solutions, etc. In 2021, the global top five players had a share approximately 66.0% in terms of revenue.

About QYResearch

QYResearch founded in California, USA in 2007.It is a leading global market research and consulting company. With over 16 years’ experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let’s work closely with you and build a bold and better future.

QYResearch is a world-renowned large-scale consulting company. The industry covers various high-tech industry chain market segments, spanning the semiconductor industry chain (semiconductor equipment and parts, semiconductor materials, ICs, Foundry, packaging and testing, discrete devices, sensors, optoelectronic devices), photovoltaic industry chain (equipment, cells, modules, auxiliary material brackets, inverters, power station terminals), new energy automobile industry chain (batteries and materials, auto parts, batteries, motors, electronic control, automotive semiconductors, etc.), communication industry chain (communication system equipment, terminal equipment, electronic components, RF front-end, optical modules, 4G/5G/6G, broadband, IoT, digital economy, AI), advanced materials industry Chain (metal materials, polymer materials, ceramic materials, nano materials, etc.), machinery manufacturing industry chain (CNC machine tools, construction machinery, electrical machinery, 3C automation, industrial robots, lasers, industrial control, drones), food, beverages and pharmaceuticals, medical equipment, agriculture, etc.

[beardynerdsposts]

The Future of Business Communication: Embracing 5G Technology

5G technology represents a significant leap forward in business communication capabilities. With speeds of up to 20 Gbps and ultra-low latency rates of less than 10 ms, 5G is set to revolutionize how organizations interact internally and with their clients. Here's how 5G will transform business communication:

Enhanced Connectivity: 5G will provide businesses with reliable, high-speed connectivity that enables seamless communication across various devices and locations. This means faster file transfers, smoother video conferencing, and real-time collaboration regardless of geographical distance.

Improved Customer Engagement: Businesses can leverage 5G to enhance customer experiences through faster response times, better access to multimedia content, and innovative communication channels. This could include immersive virtual experiences, enhanced customer support services, and personalized interactions.

IoT Integration: The low latency of 5G makes it ideal for supporting Internet of Things (IoT) devices within business operations. This integration allows for real-time monitoring, automation, and data analytics, optimizing processes and improving decision-making.

Remote Work Capabilities: With 5G, remote workers can enjoy enhanced connectivity and productivity, accessing corporate networks and applications seamlessly from anywhere. This flexibility supports remote collaboration and virtual team environments without compromising on speed or reliability.

Emerging Technologies: 5G will facilitate the adoption of emerging technologies such as augmented reality (AR), virtual reality (VR), and artificial intelligence (AI) in business communication. These technologies can transform training, marketing, and customer engagement strategies, creating more immersive and interactive experiences.

Security and Reliability: While implementing 5G, businesses must prioritize robust security measures to protect sensitive data and communications. Enhanced reliability and uptime are critical for maintaining uninterrupted operations and fostering trust among stakeholders.

In essence, 5G technology promises to be a game-changer for business communication, offering unprecedented speed, reliability, and innovation. As organizations embrace these capabilities, they can leverage 5G to streamline operations, enhance customer relationships, and drive growth in a digitally connected world.

Source link : https://beardynerd.com/5g/5g-is-the-future-of-business-communication/

[market-insider]

5G Systems Integration Market Driven By Increase Investments In U.S., China, And Japan

The global 5G systems integration market size is estimated to reach USD 62.69 billion by 2030, registering a CAGR of 27.3% from 2022 to 2030, according to a new study by Grand View Research, Inc. Robust increase in the investments to deploy 5G network infrastructures across key countries, such as U.S., China, and Japan, has created the demand for integrating entire fifth generation infrastructure and applications across enterprises. This process will help enterprises to work as a centralized platform that will assist in reducing overall complexity. Thus, robust investments in building fifth-generation infrastructure, coupled with the growing need to set up a 5G-enabled ecosystem, are estimated to propel market growth.

Rapidly building smart cities have surged the adoption of numerous Internet of Things (IoT) devices across the globe. IoT devices require enhanced bandwidth to function appropriately. Thus, in order to provide high-speed broadband by supporting fifth-generation New Radio (NR), such as sub-6GHz and mmWave frequency bands, the entire infrastructure across these smart cities need to be upgraded in line with supporting fifth-generation radio network. Therefore, it is further estimated to boost the market growth from 2022 to 2030.

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Moreover, with the evolution of industry 4.0, the adoption of industrial sensors and collaborative robots is gaining popularity in the manufacturing sector across the globe. Therefore, to deliver seamless network connectivity to these above-mentioned devices, it is anticipated to raise the demand for 5G system integration services to make entire manufacturing facilities compatible with supporting next-generation 5G NR.

Rapidly rising digital transformation has disrupted the entire operation of the manufacturing industry. This has increased the trend of the machine-to-machine (M2M) communications to increase overall productivity as well as streamline the whole process. As a result, this has further expanded the need for high broadband to deliver uninterrupted connectivity to industrial sensors and robots. Therefore, the growing need for high broadband connectivity to establish seamless communication between machines is expected to elevate the demand for 5G system integration services in the next few years.

Furthermore, with the emergence of new technologies, such as network slicing and software-defined networking (SDN), the adoption of 5G system integration will witness a rapid surge to reduce overall enterprise infrastructure costs. Moreover, highly trained professionals must implement and manage the fifth-generation system integration services. This is anticipated to hinder market growth over the forecast period.

[health-views-updates]

2024-2032 Internet of Things in Healthcare Market Trends & Growth Insights

The Internet of Things in Healthcare Market Revenue was valued at USD 121.20 billion in 2023 and is anticipated to reach a staggering USD 471.20 billion by 2031, growing at a robust CAGR of 21.4% during the forecast period from 2024 to 2031. This rapid growth is driven by the increasing adoption of connected devices, advanced technologies, and the rising need for efficient and cost-effective healthcare solutions.

Key Drivers of Growth

The Internet of Things (IoT) is revolutionizing the healthcare industry by enabling real-time data exchange and improving the quality of patient care. The growing prevalence of chronic diseases, coupled with the aging population, has created a demand for IoT-enabled healthcare devices such as wearable sensors, remote monitoring tools, and smart medical equipment. These technologies allow for early diagnosis, personalized treatment, and proactive health management.

In addition to patient-centric benefits, IoT in healthcare enhances operational efficiency for healthcare providers. By integrating IoT solutions, hospitals can streamline workflows, reduce costs, and optimize resource utilization. The rise of telemedicine, fueled by the COVID-19 pandemic, has further accelerated the adoption of IoT technologies in healthcare, enabling virtual consultations and remote patient monitoring on an unprecedented scale.

Regional Insights

North America leads the IoT in the healthcare market due to its advanced healthcare infrastructure, high adoption of cutting-edge technologies, and significant investments in R&D. Meanwhile, the Asia-Pacific region is expected to witness the fastest growth, driven by increasing healthcare digitization, government initiatives, and a burgeoning population demanding better healthcare access and services.

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Future Prospects

As technology continues to evolve, the IoT in healthcare market is poised for exponential growth. Innovations in AI, machine learning, and blockchain are set to redefine IoT applications in healthcare by enhancing data security, improving predictive analytics, and enabling seamless integration of devices. Additionally, the proliferation of 5G technology will further boost IoT adoption, ensuring faster and more reliable connectivity across devices.

The convergence of IoT with other technologies, such as robotics and augmented reality (AR), presents new opportunities for healthcare providers to deliver better outcomes. From robotic surgeries to AR-assisted diagnostics, IoT is laying the foundation for a smarter, more connected healthcare ecosystem.

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SNS Insider is one of the leading market research and consulting agencies that dominates the market research industry globally. Our company's aim is to give clients the knowledge they require in order to function in changing circumstances. In order to give you current, accurate market data, consumer insights, and opinions so that you can make decisions with confidence, we employ a variety of techniques, including surveys, video talks, and focus groups around the world.

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[jayanthitbrc]

Global Connector Market Analysis 2024: Size Forecast and Growth Prospects

The connector global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.

Connector Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.

Market Size - The connector market size has grown strongly in recent years. It will grow from $79.10 billion in 2023 to $86.07 billion in 2024 at a compound annual growth rate (CAGR) of 7.7%. The growth in the historic period can be attributed to rapid expansion of telecommunications, computing revolution, emergence of high-speed data transmission, automotive electronics integration and consumer electronics boom.

The connector market size is expected to see strong growth in the next few years. It will grow to $110.76 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to 5G technology deployment, electric vehicles (EVs) and charging infrastructure, internet of things (IoT) expansion, edge computing and artificial intelligence (ai) and machine learning (ml) integration. Major trends in the forecast period include miniaturization and high-density connectors, high-speed data transmission, rise of industry 4.0 and IoT, increased focus on reliability and durability, and advancements in materials and sustainability.

Order your report now for swift delivery @ https://www.thebusinessresearchcompany.com/report/connector-global-market-report

Scope Of Connector Market The Business Research Company's reports encompass a wide range of information, including:

1. Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth.

2. Drivers: Examination of the key factors propelling market growth.

3. Trends: Identification of emerging trends and patterns shaping the market landscape.

4. Key Segments: Breakdown of the market into its primary segments and their respective performance.

5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.

6. Macro Economic Factors: Assessment of broader economic elements impacting the market.

Connector Market Overview

Market Drivers - The growing automotive industry is expected to propel the growth of the connector market going forward. The automotive industry refers to the design, development, manufacturing, marketing, selling, repairing, and modification of motor vehicles, including passenger automobiles, light trucks, and commercial vehicles. Connectors are used in the electrical systems of vehicles to enable the transmission of power and signals between different components, ensuring reliable and secure connections and contributing to the overall efficiency and safety of the vehicle's electrical system. For instance, in June 2023, according to reports shared by the Society of Motor Manufacturers and Traders (SMMT), a UK-based trade association, sales of passenger cars in the UK rose 25.8% from 140,958 units in 2022 to 177,266 units in 2023. Therefore, the growing automotive industry is driving the growth of the connector market.

Market Trends - Major companies operating in the connector market are focusing on developing innovative solutions with advanced technologies, such as high-voltage connector backshells, to gain a competitive edge in the market. High-voltage connector backshells are protective enclosures that attach to the rear of high-voltage connectors. For instance, in July 2023, ABB Ltd., a Switzerland-based automation company, launched the Harnessflex EVO Connector Interfaces for heavy-duty electric vehicles (EV). These connector interfaces increase cable-to-connector stability in high-voltage applications, protect critical wiring, and improve performance and reliability in high-voltage applications. The orange color of the Harnessflex EVO Connector Interfaces indicates high cable-to-connector strain relief with high mechanical performance and prevents debris intrusion.

The connector market covered in this report is segmented –

1) By Product: PCB Connectors, I Or O (Input Or Output) Connectors, Circular Connectors, Fiber Optic Connectors, RF Coaxial Connectors, Rectangular Connectors, Solar Connectors, Patchcord 2) By Material: Copper, Aluminum, Stainless Steel, Plastic, Other Materials 3) By End User: Consumer Electronics, Telecom, Automotive, Energy And Power, Aerospace And Defense, Other End Users

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Regional Insights - Asia-Pacific was the largest region in the connector market in 2023. The regions covered in the connector market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Key Companies - Japan Aviation Electronics Industry, Ltd., Koch Industries Inc. (Molex LLC), 3M Company, Luxshare Precision Industry Co., Ltd., Prysmian Group, TE Connectivity Ltd., Yazaki Corporation, Amphenol Corporation (Amphenol RF), Nexans SA, Ametek Inc., Phoenix Contact, Molex LLC, Smiths Interconnect, ITT Inc., JAE Electronics Inc., Foxconn Interconnect Technology Limited (FIT), Hirose Electric Co. Ltd., Wurth Elektronik, AVX Corporation, Panduit, Harting Technology Group, Samtec Inc., Cinch Connectivity Solutions, Delphi Technologies, J.S.T. Mfg. Co. Ltd., Axon Cable S.A.S, CUI Global Inc.

Table of Contents 1. Executive Summary 2. Connector Market Report Structure 3. Connector Market Trends And Strategies 4. Connector Market – Macro Economic Scenario 5. Connector Market Size And Growth ….. 27. Connector Market Competitor Landscape And Company Profiles 28. Key Mergers And Acquisitions 29. Future Outlook and Potential Analysis 30. Appendix

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[industrynewsupdates]

5g Services Market: Key Players and Competitive Landscape

The global 5G services market size is estimated to reach USD 2,208.25 billion by 2030, registering a CAGR of 59.4% from 2023 to 2030, according to a new study by Grand View Research, Inc. 

The rapidly rising demand for ultra-reliable and low-latency data networks capable of providing enhanced mobile connectivity is estimated to boost the market growth over the forecast period. The potential adoption of 5G services for remote patient monitoring and remote surgery applications is also anticipated to propel market growth from 2022 to 2030. The 5G wireless technology is expected to completely transform the transportation and logistics industry by providing seamless Vehicle-to-Vehicle (V2V) and Vehicle-to-Infrastructure (V2I) connectivity.

As such, the need to ensure strong, seamless, and uninterrupted connectivity with autonomous vehicles is estimated to drive the adoption of 5G services. Furthermore, robust deployment of 5G network infrastructure is estimated to improve the operational efficiencies in several IoT use cases, including smart homes, smart cities, and industry 4.0. Hence, the rising need for high bandwidth to provide reliable communication to IoT devices is expected to elevate the overall market growth over the forecast period. In some countries, such as the U.S., China, and Japan, the trend of monitoring energy systems of buildings remotely is rising gradually. This is expected to open new opportunities for rolling out 5G services over the forecast period.

Gather more insights about the market drivers, restrains and growth of the 5g Services Market

5G Services Market Report Highlights

• The enhanced Mobile Broadband (eMBB) communication type segment is anticipated to hold the largest market share by 2030.This growth is credited to the rising focus of key market players on rolling out high-speed and low-latency data networks for residential and commercial applications, such as video conferencing, virtual meeting, Virtual Reality (VR) & Augmented Reality (AR) gaming

• The consumer segment is expected to register the highest CAGR due to the increasing commercialization of the 5G services for consumer applications across various countries, including the U.S., China, Japan, Germany, and South Korea.

• The manufacturing segment is expected to register the fastest CAGR over the forecast period due to the growing need for seamless connectivity to drive industrial devices including robots and actuators

• The U.S. is anticipated to dominate the North America regional market from 2023 to 2030 owing to the rising demand for higher data speeds for several end-use applications including M2M communications, energy & utility management, and smart mobility management

• Market incumbents are focusing on mergers and acquisitions for delivering 5G services to strengthen their presence and expand their product portfolios

• However, due to the global COVID-19 pandemic, the governments across key countries have postponed the auction for 5G spectrums. This may hamper the market growth over the forecast period

Browse through Grand View Research's Next Generation Technologies Industry Research Reports.

• The global IoT in utilities market size was estimated at USD 47.53 billion in 2023 and is expected to grow at a CAGR of 10.7% from 2024 to 2030.

• The global robotic platform market size was estimated at USD 9.97 billion in 2023 and is projected to grow at a CAGR of 5.9% from 2024 to 2030.

5G Services Market Segmentation

Grand View Research has segmented the global 5G services market on the basis of communication type, vertical, and region:

5G Services Communication Type Outlook (Revenue, USD Billion, 2020 - 2030)

• FWA

• eMBB

• uRLLC

• mMTC

5G Services Vertical Outlook (Revenue, USD Million, 2020 - 2030)

• Consumer

• Enterprises

o Manufacturing

o Public Safety

o Healthcare & Social Work

o Media & Entertainment

o Energy & Utility

o IT & Telecom

o Transportation & Logistics

o Aerosapce & Defense

o BFSI

o Government

o Retail

o Mining

o Oil & Gas

o Agriculture

o Construction

o Real Estate

5G Services Regional Outlook (Revenue, USD Billion, 2020 - 2030)

• North America

o U.S.

o Canada

• Europe

o U.K.

o Germany

o France

o Russia

o Italy

o Spain

• Asia Pacific

o China

o India

o Japan

o South Korea

• Latin America

o Brazil

o Mexico

• Middle East & Africa (MEA)

Order a free sample PDF of the 5g Services Market Intelligence Study, published by Grand View Research.

[globalindustrytrends]

vEPC Services Segment to Redefine Telecom Networks

The virtual evolved packet core (vEPC) market, valued at USD 9.9 billion in 2024, is projected to reach USD 27.8 billion by 2030, growing at a CAGR of 18.8%. This growth is driven by the increasing adoption of network function virtualization (NFV), the rising prominence of IoT and edge computing, the deployment of 4G LTE, growing mobile data traffic, and the implementation of standalone (SA) and non-standalone (NSA) 5G services offering improved speeds.

The solutions segment, categorized by components, dominated the market due to the recognition of its benefits by mobile network operators (MNOs). vEPC solutions enable virtualization of critical components, such as the mobility management entity, home subscriber server, serving gateway, and packet data network gateway, enhancing network efficiency, scalability, service quality, and cost-effectiveness.

Meanwhile, the services segment is anticipated to grow at the highest CAGR of 20%, driven by the rising adoption of vEPC solutions by telecom companies to meet mobile user demands and adapt to evolving network requirements.

In terms of network type, the 5G category is expected to witness the fastest growth, with a CAGR of 20%. This is attributed to the rising demand for high-speed data services and advanced technologies like IoT and cloud computing across industries.

By application, the IoT and machine-to-machine (M2M) category led the market, fueled by the presence of over 13 billion connected IoT devices globally in 2022. The increasing need for IoT-powered gadgets, along with the growing adoption of NB-IoT and Cat-M technologies, has further boosted the market.

In 2023, the cloud deployment mode held a 60% market share and is expected to grow at a CAGR of 22%. This growth is driven by the rapid deployment of cloud packet cores across communication services, critical enterprises, and IoT applications aligned with Industry 4.0 goals.

The Asia-Pacific (APAC) region is projected to witness the fastest growth at a CAGR of 25%, supported by the strong presence of leading MNOs, increasing demand for IoT-powered devices, and the rapid adoption of advanced 5G technology.

The growing adoption of NFV will continue to fuel the expansion of the vEPC market in the coming years.

[semiconductorsandelectronics]

Data Center Connectivity Market: Trends, Growth, and Future Outlook

The data center connectivity market has witnessed exponential growth over the past decade, driven by the increasing need for data storage, cloud computing, and high-speed internet. As organizations across industries seek efficient ways to manage and transfer vast amounts of data, the demand for robust data center connectivity solutions has surged. This article explores the current trends, key drivers, and future prospects of the data center connectivity market.

Data center connectivity refers to the physical and virtual infrastructure that allows the exchange of data between data centers, cloud providers, businesses, and end-users. This connectivity encompasses networking equipment, such as routers, switches, and fiber-optic cables, alongside the services that enable fast, secure, and reliable data transfers. With the digital transformation of businesses, the need for high-speed, low-latency, and scalable data center connectivity has never been more critical.

Global Data Center Connectivity Market to Reach USD 17.0 Billion by 2026

The global data center connectivity market is expected to grow significantly, with projections estimating a reach of USD 17.0 billion by 2026, expanding at a compound annual growth rate (CAGR) of 14.5% during the forecast period.

Key Drivers of Market Growth

Several key factors are driving the growth of the data center interconnect industry. These include the rapid migration to cloud-based solutions, the increasingly borderless nature of the global economy, and the surge in demand for Over-The-Top (OTT) services, which has been amplified by the nationwide lockdowns implemented during the COVID-19 pandemic. These trends are contributing to the heightened need for robust and scalable data center interconnect solutions to support the growing flow of data across borders and industries.

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Key Drivers Fueling Market Growth

Several factors are contributing to the rapid expansion of the data center connectivity market:

1. Increase in Data Traffic

The rise of cloud computing, big data analytics, artificial intelligence (AI), and the Internet of Things (IoT) has led to a sharp increase in data traffic. Enterprises require high-performance, scalable connectivity solutions to handle this growing demand, especially as businesses migrate to multi-cloud and hybrid cloud environments.

2. Growth of Cloud Computing

As more businesses adopt cloud technologies, there is a rising demand for fast and reliable connections between data centers and cloud services. Companies are shifting away from traditional on-premise infrastructure, opting instead for cloud-based solutions that rely heavily on data center interconnects (DCIs) to ensure seamless communication between different cloud platforms and services.

3. Need for Low Latency and High-Speed Connections

In industries such as finance, healthcare, and media, the need for low-latency and high-speed connectivity is crucial. Real-time data processing, video streaming, and online trading require data centers to be connected with minimal delay. High-performance connectivity solutions are enabling businesses to meet these demanding requirements.

4. Emergence of 5G Technology

The global rollout of 5G technology is expected to further fuel the demand for data center connectivity. With 5G networks offering faster speeds and lower latency, they will enable new applications like autonomous vehicles, augmented reality (AR), and virtual reality (VR), all of which will rely on a strong, fast, and highly reliable data center infrastructure.

5. Increasing Adoption of Edge Computing

Edge computing, which brings data processing closer to end-users, is gaining traction due to its ability to reduce latency and improve speed. As edge data centers become more prevalent, they require efficient connectivity with larger central data centers to exchange information quickly and reliably.

Market Trends Shaping the Future of Data Center Connectivity

1. Adoption of Software-Defined Networking (SDN)

Software-defined networking (SDN) has revolutionized data center connectivity by enabling dynamic management of network traffic and resources through software. SDN allows for greater flexibility, automation, and scalability, making it easier for businesses to adjust their network configurations based on demand. As SDN adoption increases, businesses are benefiting from more efficient and cost-effective connectivity solutions.

2. Increasing Investments in Fiber-Optic Infrastructure

Fiber-optic networks are becoming the backbone of high-speed data transmission. The increasing demand for faster and more reliable connectivity has led to significant investments in fiber-optic infrastructure. These networks offer low-latency and high-capacity connectivity, making them essential for businesses with data-heavy operations, such as e-commerce, media, and telecommunications.

3. Colocation and Interconnection Services

Colocation services, where businesses house their servers in third-party data centers, are becoming increasingly popular. These services provide businesses with better scalability, security, and connectivity. Data center interconnection (DCI) services are also on the rise, allowing companies to interconnect with multiple data centers and cloud platforms for optimal performance and redundancy.

4. Hybrid Cloud Connectivity

Hybrid cloud environments, which combine private and public cloud resources, require robust and secure connectivity between on-premise data centers, cloud platforms, and other third-party services. Organizations are increasingly seeking seamless hybrid cloud solutions that offer scalability, security, and flexibility.

Key Players in the Data Center Connectivity Market

Some of the leading companies driving the growth of the data center connectivity market include:

Equinix, Inc.

Alibaba Cloud

Cisco Systems, Inc.

Arista Networks, Inc.

Microsoft Corporation

Amazon Web Services (AWS)

IBM Corporation

These companies offer a range of connectivity solutions, from data center colocation to interconnection services, fiber-optic networks, and cloud platforms.

Challenges in the Data Center Connectivity Market

Despite the market's growth, there are several challenges that companies need to address:

1. Network Security Concerns

As the volume of data exchanged between data centers grows, so does the risk of cyber threats. Securing data transmissions, protecting sensitive information, and ensuring compliance with data privacy regulations are critical concerns for businesses in the data center connectivity space.

2. Complexity of Integration

Integrating multiple cloud services, networks, and data centers into a seamless connectivity framework can be complex. Companies need advanced solutions that can effectively manage and orchestrate these integrations to avoid inefficiencies and downtime.

3. Cost of Infrastructure

While data center connectivity solutions offer numerous benefits, the initial investment in infrastructure can be high. Small and medium-sized enterprises (SMEs) may face challenges in accessing advanced connectivity solutions due to cost barriers.

Future Outlook for the Data Center Connectivity Market

The data center connectivity market is expected to continue its strong growth trajectory in the coming years. The global shift toward digitalization, cloud computing, and the adoption of 5G and edge computing will drive ongoing demand for advanced connectivity solutions.

1. Sustainability Initiatives

With the increasing demand for energy-efficient data center operations, there is a growing emphasis on green technologies and sustainable practices in the data center connectivity market. Many companies are investing in renewable energy sources and energy-efficient hardware to reduce their carbon footprints.

2. Automation and AI Integration

Artificial intelligence (AI) and machine learning (ML) are expected to play a pivotal role in the future of data center connectivity. AI can optimize network traffic, predict performance issues, and automate routine network management tasks, leading to improved efficiency and reduced operational costs.

3. Geographic Expansion

As businesses expand globally, the demand for reliable connectivity between data centers in different regions is increasing. Service providers will focus on expanding their global networks and increasing the reach of their data center facilities to support businesses with a global footprint. The data center connectivity market is an essential component of the digital ecosystem. As businesses continue to rely on cloud computing, big data analytics, and the Internet of Things, the need for robust, high-performance, and secure connectivity solutions will grow. The market is set for significant expansion, driven by key trends such as 5G, edge computing, and hybrid cloud architectures. Companies that invest in cutting-edge connectivity solutions will be well-positioned to stay competitive in the digital economy.

[amrutatbrc1]

Spectrum Analyzers Market Report 2024-2033 | By Types, Applications, Regions And Players 

The spectrum analyzers global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.

Spectrum Analyzers Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.

Market Size - The spectrum analyzers market size has grown strongly in recent years. It will grow from $1.59 billion in 2023 to $1.73 billion in 2024 at a compound annual growth rate (CAGR) of 8.7%.  The growth in the historic period can be attributed to significant growth in the electronics industry, growing demand for wireless spectrum analyzers with multi-tasking capabilities, rapid industrialization and extensive research and development activities, growing digital platforms, the high demand for second-hand spectrum analyzer.

The spectrum analyzers market size is expected to see strong growth in the next few years. It will grow to $2.29 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%.  The growth in the forecast period can be attributed to the increasing demand for wireless communication systems, increasing demand for 5g technology, the increasing number of smartphone users, increasing demand for spectrum analyzers in defense, stronger demand for automotive and consumer electronics. Major trends in the forecast period include advancements in IoT and wireless communication, the rise of software-defined spectrum analyzers, technological advancements, advancements in telecommunications technology, 5G network deployment and spectrum analyzer advancements.

Order your report now for swift delivery @ https://www.thebusinessresearchcompany.com/report/spectrum-analyzers-global-market-report

The Business Research Company's reports encompass a wide range of information, including:

1. Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth.

2. Drivers: Examination of the key factors propelling market growth.

3. Trends: Identification of emerging trends and patterns shaping the market landscape.

4. Key Segments: Breakdown of the market into its primary segments and their respective performance.

5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.

6. Macro Economic Factors: Assessment of broader economic elements impacting the market.

Market Drivers - The increasing number of smartphone users is expected to propel the growth of the spectrum analyzers market going forward. A smartphone is a multifunctional mobile device that combines telecommunication capabilities with features such as internet access, apps, and a touchscreen interface. The increasing number of smartphones is driven by rising consumer demand for connectivity, and the proliferation of versatile features, making them essential tools for communication, productivity, and entertainment. Smartphones use spectrum analyzers to efficiently manage and optimize wireless communication by analyzing and selecting the most suitable frequency bands, ensuring reliable and high-quality connectivity. For instance, in February 2023, according to Uswitch Limited, a UK-based price comparison and switching service company, there were 71.8 million mobile connections in the UK, a 3.8% (or around 2.6 million) increase over 2021. The UK population is expected to grow to 68.3 million by 2025, of which 95% (or around 65 million individuals) will own a smartphone. Therefore, the increasing number of smartphone users is driving the growth of the spectrum analyzers market.

Market Trends - Major companies operating in the spectrum analyzers market are focused on developing innovative products such as handheld spectrum analyzers for various measurement and analysis tasks. Handheld spectrum analyzers are used for analyzing and optimizing RF signals in wireless networks, troubleshooting interference, and ensuring compliance with regulatory standards across industries. For instance, in February 2023, Anritsu Corporation, a Japan-based corporation that manufactures electronic systems, launched the field master MS2070A, a handheld RF spectrum analyzer tailored for versatile RF testing, operates from 9 kHz to 3 GHz, delivering precise measurements in field, lab, and manufacturing environments with rapid sweep speeds of up to 32 GHz/s in low-noise setups. Its capabilities encompass intelligent measurements such as occupied bandwidth (OBW), channel power, and adjacent channel power (ACP).

The spectrum analyzers market covered in this report is segmented –

1) By Type: Swept-Tuned Spectrum Analyzer, Radio Frequency Tuning Method, Super Heterodyne, Vector Signal Spectrum Analyzer, Real-Time Spectrum Analyzer, Fast Fourier Transform (FFT), Parallel Filter Analyzer 2) By Offering: Product, Software 3) By Network Technology: Wired, Wireless 4) By Frequency Range: Less Than 6 GHz, 6 GHz To 18 GHz, More Than 18 GHz 5) By End-User Industry: Automotive And Transportation, Aerospace And Defense, Information Technology And Telecommunication, Medical And Healthcare, Semiconductors And Electronics, Industrial And Energy, Other End-User Industries

Get an inside scoop of the spectrum analyzers market, Request now for Sample Report @ https://www.thebusinessresearchcompany.com/sample.aspx?id=14509&type=smp

Regional Insights - North America was the largest region in the spectrum analyzers market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the spectrum analyzers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Key Companies - Major companies operating in the spectrum analyzers market are Yokogawa Electric Corporation, Fortive Corporation, Tektronix Inc., Teledyne Technologies Inc., Keysight Technologies Inc., Advantest Corporation, Rohde and Schwarz GmbH and Co. KG, Cobham PLC, National Instruments Corporation, Viavi Solutions Inc., CRFS Ltd., Anritsu Corporation, Chroma ATE Inc., GW Instek, Rigol Technologies Inc., SAF Tehnika, Giga-tronics Incorporated, Aaronia AG, Stanford Research Systems, Berkeley Nucleonics Corp., Aim and Thurlby Thandar Instruments, B and K Precision Corp., Avcom of Virginia Inc., LP Technologies Inc., Signal Hound, AFJ Instruments Srl

Table of Contents 1. Executive Summary 2. Spectrum Analyzers Market Report Structure 3. Spectrum Analyzers Market Trends And Strategies 4. Spectrum Analyzers Market – Macro Economic Scenario 5. Spectrum Analyzers Market Size And Growth ….. 27. Spectrum Analyzers Market Competitor Landscape And Company Profiles 28. Key Mergers And Acquisitions 29. Future Outlook and Potential Analysis 30. Appendix

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[marketsndata]

Global Real-time Payments Market Size, Share, Growth and Forecast 2031

Global real-time payments market is projected to witness a CAGR of 25.22% during the forecast period 2024-2031, growing from USD 24.16 billion in 2023 to USD 146.04 billion in 2031. Various factors contribute to the market’s high growth in the forecast years. With the penetration of smartphones and digital banking applications, payment platforms can be accessed easily, accelerating the widespread implementation of the real-time payment (RTP) market. Cloud-based solutions facilitate the processing of an enormous number of transactions, hence bringing down latency and facilitating faster transactions for users. Increased consumer demand for fast and easy payment systems will drive market growth as older formats of payments cannot keep up with newer demands.

Government initiatives in digital payments can be highly important as the products or services work to enhance financial inclusion and create a smooth payment ecosystem. Technological advancements such as AI, IoT, and blockchain are keeping the system updated as RTP systems keep evolving with secure and quick structures to attract users. The spread of the COVID-19 pandemic has given a great push to contactless digital payments. Booming e-commerce requires instant payment solutions to enhance consumer satisfaction. Further, facilitation by regulatory authorities initiates a secure environment for RTP adaptation.

For instance, instant cross-border payments processed by Stet, a leading European clearing and settlement system, and ACI Worldwide, have reached a new record high. In 2023, Stet processed over 35 billion transactions, averaging more than USD 27 billion daily. Over the past year, it has handled more than 50 million cross-border real-time transactions.

Rapidly Growing Digitalization to Expand Market Size

Rapid digitalization and urbanization are significant drivers of the growth of the real-time payments market. Regulatory bodies are implementing strategies to combat money laundering, thereby promoting digital payment solutions and reducing black money transactions. The rise in internet penetration globally has made digital services more accessible, leading to a surge in the adoption of real-time payment options. Additionally, the shift towards cloud-based payment solutions has provided the necessary infrastructure for efficient transaction handling, allowing payment processors to scale operations effectively. As banks and financial institutions expand their digital banking services by offering instant account openings, digital loans, and real-time payments, the growth of the RTP market continues to accelerate. Urbanization enhances infrastructure, including high-speed internet and advanced payment terminals, which further support the adoption of real-time payments.

For instance, in September 2024, the European Union announced that it adopted an ambitious anti-money laundering package to protect citizens and strengthen its financial system against organized crime and terrorists. The package will extensively harmonize procedures and close loopholes in anti-money laundering measures. The establishment of the Authority for Anti-Money Laundering and Countering the Financing of Terrorism (AMLA) in Frankfurt, centralizing oversight, brings a new dimension to the fight against money laundering. This law has revised the Regulation on the Transfer of Funds, addressing the risk of crypto assets being used for criminal purposes, including cybercrime.

Technological Advancements to Fuel the Real-time Payments Market Growth

Technological development drives the growth of the real-time payments (RTP) market and increases transaction speed, security, and efficiency. 5G infrastructure supports ultra-low latency in processing instant transactions and greater bandwidth to handle several transactions occurring simultaneously, making way for the smooth integration of IoT devices for automated payments in smart applications. Cloud computing enables scalable payment solutions, thus absorbing the change in demands and providing benefits by reducing the cost of operation and enhancement of data management capabilities. API-oriented payment systems further enhance interoperability between different financial platforms. The systems improve innovation and allow for greater flexibility in payment solution options. These combined technologies offer a strong ecosystem that improves user experiences and represents new avenues for fintech innovation and the expansion of services by companies, putting the RTP market on course for continued growth and transformation.

For instance, in September 2024, PayPal Holdings, Inc. announced that it allows merchants in the United States to buy, hold, or sell cryptocurrency directly from their PayPal business account. This announcement is PayPal’s latest step in increasing cryptocurrency’s utility by making increased functionality available to millions of merchants in the United States. Additionally, PayPal can externally transfer cryptocurrency on the chain to third-party eligible wallets. PayPal business account holders can send and receive supported cryptocurrency tokens to and from external blockchain addresses.

Government Initiatives to Act as a Catalyst

Government initiatives have boosted RTP system usage by facilitating an environment for digital transactions. Initiatives aimed at bringing people who are either unbanked or underbanked into the formal financial system increase the user base of RTP solutions while developing an increase in economic growth through digital payments. This aspect has an influence on digital payments, lowering transaction costs, increasing liquidity, and enhancing transparency. Support for RTP systems will encourage innovative thinking and competition in the payment industry, leading to new and improved payment solutions addressing the changing market needs. Generally, it fosters a healthy ecosystem across the different markets for real-time payments. There have been several initiatives worldwide, such as SEPA (European Union’s Single Euro Payments Area), India’s Unified Payments Interface (UPI), and more.

For instance, in July 2023, The FedNow Service, a service for instant payments, was launched by the Federal Reserve to help make everyday payments fast and convenient for American households and businesses. Banks and credit unions of all sizes can sign up for the FedNow Service and offer new instant payment services to their customers. In the coming years, customers of banks and credit unions who sign up for the FedNow Service will be able to use their financial institution’s app, website, and other interfaces to send instant payments directly from their bank accounts quickly and securely.

Person-to-Business (P2B) to Dominate Real-time Payments Market Share

The person-to-business real-time payments have cemented their dominance and are expected to grow at a higher pace in the market. This segment includes transactions between customers and businesses, such as online purchases, bill payments, and other monetary exchanges. The growth in mobile commerce and e-commerce has been a significant contributor to this area. With smartphone shopping at the helm, more consumers are making direct business transactions online. The growth of the e-commerce industry also requires efficient and instant payment solutions that will handle the high volume of transactions made. Real-time payments help improve checkout experiences on an e-commerce site, thereby driving customer satisfaction and minimizing the rate of cart abandonment. Instant payment processing helps in cash flow management for the merchant since they can access funds immediately, reinvest in the business, and thereby grow their business. Mobile commerce is also growing worldwide.

For instance, Fintopia, a Fintech group based on Big Data and Artificial Intelligence, that offers Person-to-Business (P2B) transactions, has experienced remarkable growth with 100 million registered users in September 2023, which was 60 million in 2022. This shows acceptability in the current years.

Asia-Pacific Dominates Real-time Payments Market Share

Asia-Pacific is rapidly expanding its real-time payments market, facilitated by several factors. Better cross-border payments emerge because of enhanced trade, which enables faster and more transparent international transactions, thus enhancing the cash flow for business entities. Regional integration, such as that provided by the ASEAN Payment Network, makes cross-border transactions frictionless, and a large expatriate population drives demand for instant remittances. Further, mobile wallet adoption is growing rapidly, with Asia-Pacific leading the world due to innovative solutions from companies such as Alipay and WeChat Pay. Asia-Pacific consists of countries such as India and China that have the highest penetration of smartphones across the world. Government support is crucial, with investments in payment infrastructure and regulatory frameworks promoting secure real-time payment systems. The booming e-commerce sector and the growing digital economy further propel the demand for efficient payment solutions since consumers now need convenient, faster transactions. Overall, technological advancement, the supporting regulatory environment, and shifts in consumer behaviors all support Asia-Pacific in continuing to grow on the track for real-time payments.

For instance, as per the data published by the Government of India in December 2023, the Total digital payment transactions volume increased from USD 24.5 billion (INR 2,071 crore) in FY2017-2018 to USD 159.5 billion (INR 13,462 crore) in FY2022-2023 at a CAGR of 45%. It stated that transactions around USD 138.5 billion (INR 11,660 crore) were conducted on 11th December 2023. It shows a considerable growth in digital transactions.

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Future Market Scenario (2024 – 2031F)

New technologies, including AI and IoT, will make real-time payment systems more efficient and secure.

Deteriorating cash usage is likely to continue increasing demand for digital payment solutions, once consumers and businesses leave cash behind, real-time payments will be the prevalent transaction method.

Around the world, governments are likely to continue supporting the adoption of real-time payments through various regulatory frameworks and initiatives geared to promote digital transactions.

Mobile and e-commerce will spur the demand for real-time payment solutions. The growing user base of consumers using mobile devices to shop online ensures that the need for prompt and secure payment processing increases.

Report Scope

“Real-time Payments Market Assessment, Opportunities and Forecast, 2017-2031F”, is a comprehensive report by Markets and Data, providing in-depth analysis and qualitative and quantitative assessment of the current state of global real-time payments market, industry dynamics, and challenges. The report includes market size, segmental shares, growth trends, opportunities, and forecast between 2024 and 2031. Additionally, the report profiles the leading players in the industry, mentioning their respective market share, business models, competitive intelligence, etc.

Click here for full report- https://www.marketsandata.com/industry-reports/real-time-payments-market

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[ujumrfr]

Which Key Drivers will Help Grow Europe Connected Car Market?  

The Europe connected car market is experiencing significant growth, fueled by rapid technological advancements and increasing demand for enhanced automotive safety, convenience, and user experience. Connected cars—equipped with internet access, communication interfaces, and smart technologies—are transforming how drivers interact with their vehicles and the surrounding infrastructure. This article examines the dynamics, growth factors, and future of the connected car market in Europe.

Market Overview of Europe Connected Car Market

Connected cars are reshaping the European automotive industry, driven by both consumer demand and regulatory pressures for increased safety and efficiency. The European connected car market is projected to see strong growth over the coming years. The demand for advanced driver-assistance systems (ADAS), infotainment systems, and Vehicle-to-Everything (V2X) communication technology is leading to substantial investments from automotive manufacturers, technology providers, and telecom companies.

Key Growth Drivers of Europe Connected Car Market

1. Increasing Adoption of IoT and 5G Technology 

Internet of Things (IoT) technology and 5G networks are critical enablers for connected cars. IoT allows vehicles to exchange data with each other and with infrastructure in real-time, while 5G networks offer the speed and reliability needed to support high-data-rate applications such as autonomous driving and V2X communication. Europe has been at the forefront of 5G deployments, and the expanding network infrastructure is accelerating the adoption of connected car technologies.

2. Regulatory Push for Enhanced Safety and Reduced Emissions 

Europe has stringent safety and emissions regulations aimed at reducing road accidents and lowering the carbon footprint of transportation. The European Union’s Vision Zero initiative, which seeks to eliminate road fatalities by 2050, has accelerated the development of ADAS and other connected car features that improve driver safety. Additionally, the European Green Deal is pushing for more sustainable transport solutions, encouraging car manufacturers to incorporate connected technologies that optimize fuel efficiency and support electric vehicles (EVs).

3. Growing Consumer Demand for Convenience and Comfort 

Today’s consumers expect a seamless, connected experience across all aspects of life, including their vehicles. Demand for infotainment systems, on-demand navigation, and in-car Wi-Fi has surged, as consumers seek the same digital experience in their vehicles as on their smartphones. Automakers are responding by investing in infotainment platforms and integrating digital assistants, providing a convenient and enjoyable driving experience.

4. Advancements in Autonomous Driving Technology 

The push toward autonomous driving has led to an increase in connected features in modern vehicles. Autonomous vehicles (AVs) rely heavily on real-time data processing, and connectivity is essential for the operation of multiple sensors, cameras, and radar systems. Although fully autonomous vehicles are not yet available to consumers, Europe’s investments in V2X technology are paving the way for future advancements in this area.

Market Segmentation

The connected car market in Europe can be segmented based on technology, connectivity type, service, and end-use application.

Technology: Advanced driver-assistance systems (ADAS), infotainment, telematics, and V2X communication are key technologies. ADAS and V2X communication are expected to see rapid adoption as regulatory bodies emphasize safety.

Connectivity Type: Cellular connectivity (3G, 4G, and increasingly 5G) dominates the market, while other options like dedicated short-range communications (DSRC) are also being developed.

Services: The range of services includes driver assistance, fleet management, infotainment, remote diagnostics, and over-the-air (OTA) updates. Fleet management and OTA updates are particularly popular among commercial operators.

Key Players in the Europe Connected Car Market

Several automotive manufacturers, technology providers, and telecom companies are actively competing in the European connected car market. Leading automakers like Volkswagen, BMW, and Daimler are investing in connected car technologies, often in collaboration with tech companies such as Google, Microsoft, and NVIDIA. Telecom companies like Vodafone and Deutsche Telekom are also crucial players, providing the network infrastructure necessary for connected vehicle communication.

Challenges and Concerns

While the European connected car market has tremendous growth potential, it also faces several challenges:

1. Data Privacy and Security 

Connected cars gather vast amounts of data on drivers and vehicle performance. Ensuring the security of this data is a significant challenge, especially with concerns over hacking and data breaches. Stringent regulations such as the General Data Protection Regulation (GDPR) in the EU create added compliance requirements for companies handling vehicle data.

2. High Implementation Costs 

Connected car technology requires substantial investment in hardware, software, and infrastructure. These costs can be prohibitive, particularly for smaller companies and manufacturers. Additionally, the economic impact of these costs on consumer pricing remains a challenge in mainstream adoption.

3. Interoperability Issues 

As connected cars involve various components developed by different manufacturers, achieving interoperability between devices, systems, and networks can be challenging. Standardization efforts are ongoing but not fully established, which can impact the efficiency and consistency of connected car features across different regions.

Future Prospects of Europe Connected Car Market

The future of the connected car market in Europe looks promising, with rapid advancements in autonomous driving, vehicle electrification, and smart city integration. Europe’s ongoing deployment of 5G and investments in smart infrastructure are expected to further propel the growth of connected cars. Additionally, partnerships between automotive companies, technology firms, and telecom providers will continue to drive innovation and expand the connected car ecosystem.

The European Union's support for sustainable mobility solutions aligns with the vision of a connected future, where data-driven insights and autonomous technologies will transform transportation. In the near term, we can expect to see more semi-autonomous features in personal vehicles, greater connectivity in fleet management systems, and expanded use of ADAS in commercial and private vehicles alike.

The connected car market in Europe is set to evolve rapidly, driven by technological advancements, regulatory support, and changing consumer preferences. While challenges around data privacy, cost, and interoperability remain, the industry is well-positioned to overcome these obstacles. As Europe embraces smart mobility and autonomous driving, connected car technology will play a crucial role in shaping the future of transportation, paving the way for safer, more efficient, and more sustainable roads.

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Indoor Distributed Antenna Systems Market by Revenue, Growth Rate and Forecast to 2030

The global indoor distributed antenna system (DAS) market was valued at USD 5.28 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 18.2% from 2024 to 2030. The growth of the market is driven by several key factors, including the increasing use of smartphones, tablets, and other wireless devices, all of which create a higher demand for reliable and fast wireless connections. As the Internet of Things (IoT) expands and 5G networks continue to be deployed, the need for enhanced and higher-capacity indoor wireless coverage is becoming more pressing. Additionally, regulatory requirements for public safety communications, such as FirstNet in the U.S., have spurred greater adoption of indoor DAS solutions in public spaces like airports, stadiums, and commercial buildings to ensure emergency services maintain reliable connectivity. Businesses are also turning to these systems to maintain continuous connectivity, which enhances workplace productivity and improves customer satisfaction. As companies invest in seamless communication solutions, they contribute to their growth and overall success.

Gather more insights about the market drivers, restrains and growth of the Indoor Distributed Antenna Systems Market

Regional Insights:

North America Indoor Distributed Antenna Systems Market Trends

North America is projected to hold a significant share of the indoor DAS market, estimated at 30.0% in 2023. The region’s advanced telecommunications infrastructure, combined with its increasing demand for uninterrupted connectivity, makes indoor DAS essential. With a high penetration of smartphones and IoT devices, North America faces the need for seamless data access and communication, especially in indoor spaces. Moreover, North America places a strong emphasis on public safety compliance, where indoor DAS systems support first responders by ensuring emergency communication during critical situations.

U.S.: The U.S. indoor DAS market is robust and continues to mature, driven by the increasing demand for enhanced wireless connectivity in large commercial venues such as stadiums, airports, and shopping malls. The widespread use of smart devices and mobile internet has led to a surge in the adoption of DAS solutions. The growing rollout of 5G networks has been a key driver of market growth, as DAS systems must accommodate higher data rates and the increasing density of connected devices.

Asia Pacific Indoor Distributed Antenna Systems Market Trends

Asia Pacific is expected to experience significant growth in the indoor DAS market, with a projected CAGR of 20.4%. The region’s vast population, especially in urban areas, creates a high demand for reliable and high-quality connectivity, making indoor DAS systems essential. Furthermore, the region includes emerging markets where indoor DAS is critical to supporting economic growth and extending digital services to remote and underserved areas. As cities across Asia Pacific transition to becoming smart cities, the demand for indoor DAS is also growing, as these systems are integral to IoT deployments and the efficient delivery of public services. Additionally,

China: The indoor DAS market in China is experiencing rapid expansion, driven by the country’s aggressive rollout of 5G networks and the rising demand for high-speed internet in urban centers. The government’s initiatives to improve digital infrastructure and build smart cities are key factors fueling market growth.

Europe Indoor Distributed Antenna Systems Market Trends

The indoor DAS market in Europe is experiencing steady growth, primarily driven by the need to enhance indoor connectivity in commercial buildings, transportation hubs, and educational institutions. Europe’s commitment to digital transformation and the development of smart infrastructure plays a significant role in driving this demand. As the adoption of 5G technology accelerates, there is a growing need for upgraded DAS solutions capable of handling higher data throughput and supporting the increasing number of connected devices. Key markets within Europe, including Germany, France, and Italy, are making substantial investments in DAS installations to improve connectivity.

United Kingdom: The UK indoor DAS market is expanding rapidly, fueled by the increasing demand for reliable indoor connectivity in both urban and suburban areas. The widespread adoption of 5G technology is driving the need for advanced DAS solutions that can provide enhanced mobile experiences.

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Key Companies & Market Share Insights:

Some of the key companies operating in the Market include Telefonaktiebolaget LM Ericsson, Huawei Technologies Co., Ltd, among others.

Telefonaktiebolaget LM Ericsson is one of the leading companies in the indoor distributed antenna systems market and offers a wide range of indoor DAS solutions. The company’s portfolio includes antennas, antenna system accessories, and radios, such as the Indoor AIR 1279, for indoor applications. The company invests significantly in Research and Development (R&D) to introduce innovative solutions.

Huawei Technologies Co., Ltd. provides a wide range of antenna and indoor connectivity solutions through its LampSite range of solutions. Huawei LampSite Family solutions adapt seamlessly to a variety of indoor scenarios, catering to both varying capacity requirements and coverage needs. In recent years, Huawei Technologies Co., Ltd. has engaged in product development and partnerships & collaborations to improve its indoor connectivity solutions.

Blu Wireless, and SOLiD are some of the emerging market companies in the target market.

SOLiD is an emerging player in the Indoor DAS market, gaining recognition for its cutting-edge technology and flexible solutions. The company focuses on addressing the connectivity challenges in various environments such as commercial buildings, hospitals, educational institutions, transportation hubs, and large venues like stadiums and shopping malls.

As an emerging player in the Indoor DAS market, Blu Wireless is gaining recognition for its advanced mmWave solutions that provide ultra-high-speed connectivity and significant bandwidth. The company's technology is particularly suited for environments that require high data rates and low latency, such as smart buildings, transport hubs, and large public venues.

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