#5G IoT Market Report
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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.
#5G IoT Market#5G IoT Market Share#5G IoT Market Size#5G IoT Market Forecast#5G IoT Market Report#5G IoT Market Growth
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Overcoming Challenges in Data Integration: Insights from Consulting Experts
Data integration for enterprises can take longer due to technological, financial, and time constraints. As a result, modifying data strategies to mitigate risks like incompatibility between many tools or budget overruns is crucial. Companies must also prepare for new compliance requirements to ensure ethical data operations. This post will explore such challenges in data integration while listing valuable insights from consulting experts in this domain.
What is Data Integration?
Data integration merges data from disparate origins and presents it to maximize comprehension, consolidation, and summarization effectiveness. Integrated data views rely on data ingestion, preparation, and advanced insight extraction. It also streamlines the data operations services across regulatory report creation, helpdesks, and 360-degree client life cycle management.
All data integration strategies involve the extract, transform, and load (ETL) pipelines regardless of business units or target industries. At the same time, the scope of planning and quality assurance in each process varies due to domain-specific data classification factors.
For instance, the accounting departments must handle extensive numerical data while interpreting legal and organizational requirements for transparency. On the other hand, production engineering and design professionals will use visualizations to improve goods or service packages. Accordingly, accountants will use unique tools distinct from engineers’ software.
Later, the leaders might want a comprehensive overview of the synergy between these departments. Therefore, they must determine efficient data integration strategies. The data will move between several programs, carrying forward many updates throughout a project’s progression based on those roadmaps.
Overcoming the Challenges in Data Integration Using Insights from Consulting Experts
1| Data Quality Hurdles
Linking, consolidating, and updating data from several sources will exponentially increase the quality-related threats. For instance, consider multimedia assets from social networks or unreliable news outlets. They can help your secondary market research and social listening initiatives. However, you want to verify the authenticity of gathered intelligence to avoid inaccurate data ingestion.
Evaluating relevance, freshness, and consistency is essential to data quality assurance from creation to archival. So, corporations have started leveraging data lifecycle management to boost dataset integrity, helping make integration less of a hassle.
Insights:
Most consulting experts suggest developing ecosystems that check and recheck quality metrics at each stage of a data integration lifecycle. Moreover, they recommend maintaining periodic data backups with robust version control mechanisms. Doing so will help quality preservation efforts if errors arise after a feature update or a malicious third party is likely to break the system using malware.
2| Networking and Computing Infrastructure Problems
Legacy hardware and software often introduce bottlenecks, hurting data integration’s efficiency. Modern integration strategies demand more capable IT infrastructure due to the breakthroughs like the internet of things (IoT), 5G networks, big data, and large language models. If a company fails to procure the necessary resources, it must postpone data integration.
Technologies integral to capturing, storing, checking, sorting, transferring, and encrypting data imply significant electricity consumption. Besides, a stable networking environment with adequate governance implementations enables secure data transactions. The underlying computing infrastructure is not immune to physical damage or downtime risks due to maintenance mishaps.
What Consulting Experts Say:
Enterprises must invest in reliable, scalable, and efficient hardware-software infrastructure. This will benefit them by providing a stable working environment and allowing employees to witness productivity improvements. Upgrading IT systems will also enhance cybersecurity, lowering the risk of zero-day vulnerabilities.
3| Data Availability Delays
Governments, global firms, educational institutions, hospitals, and import-export organizations have a vast network of regional offices. These offices must also interact with suppliers, contractors, and customers. Due to the scale of stakeholder engagement, reports concerning office-level performance and inventory might arrive late.
Underproductive employees, tech troubleshooting, slow internet connectivity, and a poor data compression ratio will make data sourcing, updating, and analyzing inefficient. As a result, a data integration officer must address time-consuming activities through strategic resource allocation. If left unaddressed, delays in data delivery will adversely affect conflict resolution and customer service.
Expert Insights:
Train your employees to maximize their potential and reduce data acquisition, categorization, and transformation delays. Additionally, you will want to embrace automation through artificial intelligence (AI) applications. Find methods to increase the data compression ratio and accelerate encryption-decryption processing cycles. These measures will help accomplish near-real-time data integration objectives.
4| Vendor Lock-ins
A vendor lock-in results from inconvenience and restrictions when a client wants to switch to another service provider or toolkit. Although data integration platforms claim they celebrate the ease of migrating databases with competitors, they might covertly create vendor lock-ins.
For instance, some data sourcing and sorting ecosystems might limit the supported formats for bulk export commands. Others will use misleading methods to design the graphical user interface (GUI) of account deletion and data export features. They involve too many alerts or generate corrupt export files.
Practical Insights:
Combining multiple proprietary and open-source software tools offers the best cost optimization opportunities. When you select a data vendor, audit the tools the willing data integration providers use to deliver their assistance. Do they use a completely proprietary system based on an unknown file format unsupported by other platforms?
Finally, you must check all the data import, export, and bulk transfer options in vendors’ documentation. After you check a data firm’s current client base, track its online ratings and scan for red flags indicating potential vendor lock-ins.
5| Data-Related Ethical and Legal Liabilities
Confidentiality of investor communication and stakeholders’ privacy rights are two components of legal risk exposure due to enterprise data integration. Additionally, brands must interpret industry guidelines and regional directives for regulatory disclosures.
They must comply with laws concerning personally identifiable information (PII) about employees and customers. Otherwise, they will attract policymakers’ ire, and customers will lose faith in brands that do not comply with the laws of their countries.
Insights:
Consulting experts recommend collaborating with regional legal teams and global governance compliance specialists. After all, mitigating legal risks can help increase business resilience.
Improved compliance ratings have also benefited several brands wanting to be attractive to impact investors. Meanwhile, customers demanding ethical data operations at business establishments love supporting brands with an exceptional governance culture.
Conclusion
Most brands need specialists' help to develop consolidated data views during reporting because they have flawed data integration strategies. So, they require trustworthy insights from reputed consulting experts with a proven track record of overcoming challenges in data integration. The selected data partners must excel at ETL implementation, governance compliance, and data quality management (DQM).
The corporate world champions data-centric business development. Understandably, the need for scalable data integration reflects the increased stakeholder awareness regarding the importance of connecting disparate data sources. With transparent, fast, and accurate data, organizations will enhance their competitive edge amid this intense digital transformation race.
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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.
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The "Digital Silk Road" and the Chinese IoT
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Precisely what activities fall under the umbrella of the DSR has not been officially disclosed, but all known projects work to integrate the hard and soft infrastructures underpinning next-generation IoT capabilities. Examples include 5G antenna and base stations, fiber optic cables, data centers, smart city initiatives, and e-commerce platforms. Across the board, Beijing has encouraged tech companies to deepen cooperation with recipient countries. Some of the flagship companies that have joined the project are state-owned enterprises such as China Telecom and Unicom, as well as ostensibly private operators like China Mobile, Huawei, ZTE, and Dahua. The common denominator among these actors is a commitment to consolidating China’s presence in emerging markets and developing economies.
Over the past decade, Beijing has been able to build a parallel technological ecosystem that challenges Western-dominated norms. While this Initiative has the potential to enhance digital connectivity in developing economies, it also provides Beijing with a mechanism that can be used both to test its surveillance technology in third countries and to train these countries’ leaders on how to leverage the information that they collect. In a 2018 report, Freedom House cited a seminar on “Cyberspace Management for Officials from Countries Along the Belt and Road Initiative” that was repeated this year. It saw foreign officials visit the offices of a Chinese company that uses a big data toolkit to track negative public sentiment in real time and promote positive opinions of the government.
This style of surveillance and public opinion “guidance” is consistent with some of the other projects DSR sponsors have exported to third countries. In Venezuela, for example, PRC tech giant ZTE has been closely working with authorities to develop a system that can monitor citizens and, most importantly, their voting preferences.
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Advantages and disadvantages of 5G
5G technology or fifth generation technology offers many features for mobile networks. It is useful for government, students, businesses and professionals. It is a new mobile network designed to connect everyone and everything. It is the new standard in global wireless networks after 1G to 4G. It offers high multi-Gbps data speeds, low latency, large network capacity, and a flexible user experience. As this new technology is deployed, 5G technology should create many new applications.
5G technology features in brief. Speed up to 10 Gbits.
Great app
100 times more device connections
Fast response time
Waste of time
Another software option to upgrade. Great potential
With the proliferation of digital around the world, when live streaming and games, sports, news, movie reviews, social media, etc., the transfer of large amounts of data from one host to another and the Internet of Things (IoT) spurred the development of mobile phone standards. .
However, the 5G technology network has not yet reached its potential because the existing devices and infrastructure are not yet ready to support the 5G technology network. Those who have tested the 5G technology network using it with built-in 4G devices in this application are also called non-stationary 5G technology networks. The full potential of 5G technology will only be realized when independent networks, compatible devices and better communication tower technologies become available.
Advantages of 5G technology
Transfer data faster
The previous generation 4G LTE technology used bands below 3 GHz but in comparison, 5G technology uses bandwidth from 6 GHz in length to 24 GHz. However, it is important to note that 5G technology coverage also requires a base station and a broadcast tower compared to a 4G data network.
Improved network
5G networks are more flexible as they work with different customers, services and market segments. It divides its network in such a way that it will adapt to the needs of the users. It is based on Network Functions Virtualization (NFV) and Software Defined Networking (SDN). It is also called a "network fragment". This provides high data rates, low power consumption, and reliable low latency.
Moving Beamforming
Moving Beamforming refers to a radio signal processing technique that allows for the transmission or reception of a directional network, unlike a passive antenna that beams the signal randomly in all directions. 4G networks also use beamforming to some capacity, but in a growing sense.
Benefits for companies and businesses
It provides improved machine-to-machine communication for automation, real-time communication and guaranteed network availability, digitization of healthcare and agricultural industries.
Benefits for consumers
It provides fast download and download times when you are streaming users. Stable connection to mobile communications, low response time for online or cloud gaming, virtual reality, high quality live TV and 4K video telephony.
A more secure network
5G technology networks offer more security than previous generation networks. It supports protection against data loss, data corruption and theft. The exchange of sensitive and private customer data, such as hospital patient reports, customer data and student information at universities, is more secure in the 5G technology network.
Disadvantages of 5G
Limit coverage
The 5G technology network is a new technology, it requires a large network of ports and transmission towers worldwide, which requires a lot of time, testing, testing and setting up 5G technology towers.
Reduces durability
If the experts are to be believed, the non-standard 5G technology network undermines the performance of 4G network devices. Although a few manufacturers have started to produce 5G technology network devices, R & D believes that due to high data transmission in the largest network, the longevity or service life of mobile phones and other devices will be compromised.
Involvement in aviation
In January, Air India cancled several flights to the United States because they were rolling out 5G technology services in the country. This is a major setback of 5G technology in India as airlines have suffered losses due to ongoing 5G technology deployment projects. It can also be a hindrance in the future if not dealt with quickly. Internet Security Threats
Although the 5G technology network is said to help improve cybersecurity, it also has its limitations as it encourages cloud computing and exposes more data to risk. of hacking due to its lack of privacy and ease of access to network networks. on the other hand. hands
5G technologyin India
India officially launched its 5G technology network in October this year at an event held in New Delhi. Airtel and Jio have started rolling out 5G technology data plans in select state. However, Vodafone Idea is not planning to launch it in the near future.
In case of Airtel, they are currently placed in Tier I to Tier 8 countries. Jio has launched 5G technology services in limited areas. Many telecom operators are also of the opinion that pan-India 5G technology network coverage will take a few years. Jio recently announced after the 5G technology beta test that no SIM card is required to operate Jio's 5G technology network. However, Vodafone Idea has not yet announced its 5G technology network.
The health risks of 5G technology and the disadvantages of 5G technology for the environment
The International Commission on Non-ionizing Radiation Protection (ICNIRP) has stated that increasing radio frequencies above 6 GHz may have biological and health effects. The 5G technology network will increase the amount of electromagnetic radiation in the environment, causing a greater risk of cancer. With the lack of power of 5G technology network devices, there will also be an increase in the collection of electronic waste. The electric current from the cell tower exposed sparrows and other birds to increased egg production and nesting behavior. High rates of energy consumption have also contributed to global warming.
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Bloom Your Ideas With The Latest App Development Trends
A mobile app is a software application designed specifically for small, wireless computing devices like smartphones and tablets, as opposed to desktop or laptop computers. Similarly, your company’s success can become a reality if it is supported by a mobile app development process that has been tested and refined over time. Numerous companies offer the best App Development Agency in New York, Think United Services Company is one of these. Our mobile development process comprises six stages: strategy, analysis and planning, design, app development, testing, and deployment. Therefore, our mobile app development company in Nassau County, NY, aims to create iOS and Android applications that effectively increase your business revenue and leads. Moreover, you must describe your business app concept to our development team. They will explain to you the best solutions that are cost-effective and result oriented.
thinkunitedservices.com As previously said, each software has different purchasing and features. The mobile app development industry is constantly changing; therefore, technological advancements, consumer demands, and various other factors directly influence mobile app trends. Currently, the thinkunitedservices.com website serves you with the latest app development services in New York at reasonable prices. However, moving on with the latest trends is arguably essential to success in this industry. Similarly, designing an app aims to maximize productivity and revenue while requiring a minor investment. Aside from that, specific skills are needed to develop, maintain, and design a web app. Think United Services agency is here to overcome the fear of responsive apps. We are the best app development company in Nassau County, NY. Now, let’s discuss the trends of the latest app development as below- IoT app integration (Internet of Things) 5G technology approach App development for wearable and foldable devices Beacon technology Mobile E-commerce revenue Use of AI (Artificial Intelligence) Mobile transactions and wallets AR (Augmented Reality) and Computer Simulation (Virtual reality) Chatbots High Caliber security or Two-factor authentication Cloud Computing integration Instant and on-demand apps Futuristic goals of app development According to a Statista report from the second quarter of 2021, users downloaded approximately 28 billion apps from the Google Play Store and about 7.9 million from the App Store. Furthermore, by the end of 2022, US consumers will spend $34 billion or more on apps through app stores. This year’s hottest mobile app development trends are augmented reality (AR) and virtual reality (VR). At the same time, Statista predicts that the global AR and VR market will reach $296.9 billion US dollars in 2024, and this significant increase in demand is for a good reason in the app development field. So, to meet all your needs for top-notch app development services in New York, they are completed at the thinkunitedservices.com website. In addition, we have a professional team for app services and offer inexpensive packages for all your requirements with result-oriented services. Brief In brief, Think United Services Company is the best agency for getting quality-assured app development services in New York. Likewise, you can also contact us for the latest digital marketing assistance and more.
Source: https://thinkunitedservices.com/bloom-your-ideas-with-the-latest-app-development-trends/
#thinkunitedservices#webdesigning#smo#seo#ppc#digital marketing company in usa#itservicescmpany#appdevelopmentnewyork
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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.
#5G System Integration Market Size & Share#Global 5G System Integration Market#5G System Integration Market Latest Trends#5G System Integration Market Growth Forecast#COVID-19 Impacts On 5G System Integration Market#5G System Integration Market Revenue Value
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Electronic Ceramics Market: Innovations Shaping Modern Electronics up to 2033
Market Definition
The Electronic Ceramics Market encompasses a wide range of ceramic materials designed for electronic applications. These advanced ceramics are used in various components such as capacitors, sensors, actuators, piezoelectric devices, and insulators, owing to their superior electrical, thermal, and mechanical properties. Key types of electronic ceramics include piezoelectric ceramics, dielectric ceramics, and magnetic ceramics, each serving specific functions in the rapidly evolving electronics and telecommunications sectors. The high-performance characteristics of these materials make them crucial in applications across automotive, healthcare, consumer electronics, and aerospace industries.
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The electronic ceramics market is expected to expand from $12.5 billion in 2023 to $21.8 billion by 2033, with a CAGR of 5.8%, reflecting robust growth.
Market Outlook
The Electronic Ceramics Market is poised for significant growth, driven by advancements in consumer electronics, the ongoing miniaturization of devices, and the rise of smart technologies. The increasing adoption of electronic ceramics in medical devices, electric vehicles, and 5G telecommunications is propelling market demand. With the rapid expansion of IoT (Internet of Things) applications, the need for efficient and reliable electronic components, such as sensors and actuators, is intensifying, further boosting the market.
Emerging technologies, such as electric and hybrid vehicles, heavily rely on advanced ceramic materials for energy storage, power electronics, and sensor applications. Additionally, the rising trend of renewable energy sources is creating opportunities for electronic ceramics in power grids and energy storage systems. The focus on sustainable energy solutions and advancements in wireless communication technologies are expected to drive further investment and research in electronic ceramic materials.
However, the market faces challenges, such as the high cost of raw materials and the complexity of ceramic manufacturing processes. Environmental concerns related to the production and disposal of ceramic materials are also areas that need to be addressed. Additionally, fluctuations in raw material supply and geopolitical factors can impact the market dynamics. Despite these challenges, innovations in material science and the development of new formulations to improve ceramic performance and reduce costs are anticipated to open new avenues for growth.
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Cyber Physical Systems Market
Cyber Physical Systems Market Size, Share, Trends: Siemens AG Leads
Integration of AI and Machine Learning in CPS
Market Overview:
The global Cyber Physical Systems market is projected to grow at a CAGR of 8.5% from 2024 to 2031. The market size is expected to increase significantly during this period.
North America currently dominates the market, followed closely by Europe and Asia-Pacific. Key metrics include increasing adoption across various industries, rising investments in smart city initiatives, and growing integration with emerging technologies such as AI and IoT.
The Cyber Physical Systems market is expanding rapidly, owing to increased industrial digitalisation and a growing demand for real-time data analysis and control. The confluence of the physical and digital worlds opens up new potential for organisations to optimise operations, increase efficiency, and produce novel goods and services.
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Market Trends:
The integration of Artificial Intelligence (AI) and Machine Learning (ML) into Cyber Physical Systems is transforming several sectors. This trend allows for predictive maintenance, autonomous decision-making, and adaptive systems that can learn and improve over time. AI-powered CPS are optimising manufacturing processes, reducing downtime, and increasing product quality. In healthcare, these systems improve patient monitoring and treatment planning. The transportation industry is utilising AI-integrated CPS for traffic management and self-driving car development. This tendency is projected to intensify as AI and machine learning technology progress, enabling more sophisticated and efficient CPS solutions across different domains.
Market Segmentation:
The hardware component of Cyber Physical Systems bridges the physical and digital worlds, allowing for real-time data collecting, processing, and actuation. This category contains the sensors, actuators, embedded systems, and communication devices that serve as the foundation for CPS architectures. The hardware segment's dominance can be linked to the increasing sophistication and miniaturisation of sensor and processing technologies, as well as rising demand for IoT devices across a wide range of industries.
Recent advances in hardware technology have considerably improved the capabilities of Cyber Physical Systems. For example, the advancement of 5G-enabled sensors and edge computing devices has increased real-time data processing and decreased latency in CPS applications. Industry heavyweights such as Siemens and ABB have reported a 40% growth in demand for their CPS hardware solutions over the last year, particularly in the industrial and energy industries.
Market Key Players:
Siemens AG
IBM Corporation
General Electric
Microsoft Corporation
Honeywell International Inc.
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The Industrial IoT Revolution: Market Forecast and Leading Players to Watch in 2023–2031
Industrial IoT Market Report: Growth, Trends, and Future Outlook
The Industrial Internet of Things (IIoT) represents a transformative wave in industrial operations, leveraging the power of connected devices, sensors, and advanced analytics to optimize processes, improve efficiency, and unlock new business opportunities. IIoT connects machines, devices, sensors, and systems to collect and analyze data in real time, enabling industries to achieve smarter decision-making, reduce operational costs, and enhance productivity.
The global Industrial IoT (IIoT) market was valued at USD 334.53 billion in 2022 and is projected to reach USD 2,916.21 billion by 2031, growing at an impressive CAGR of 27.2% during the forecast period (2023–2031). This rapid growth highlights the increasing demand for IoT-enabled technologies across various industrial sectors, making IIoT a vital part of the digital transformation process in manufacturing, supply chains, and infrastructure.
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Key Trends in the Industrial IoT Market
Increased Adoption of Smart Manufacturing: Manufacturers are embracing IIoT for process automation, predictive maintenance, real-time monitoring, and supply chain optimization. This trend is expected to continue as more companies focus on reducing downtime and improving product quality through connected devices.
Advancements in Edge Computing and AI Integration: The rise of edge computing is reducing latency, enabling faster data processing at the source. Integrating AI and machine learning with IIoT systems allows industries to gain insights from real-time data, improving decision-making capabilities.
Focus on Cybersecurity: As the number of connected devices increases, so does the potential vulnerability to cyberattacks. Ensuring robust cybersecurity measures within IIoT systems is becoming a top priority for businesses.
5G Connectivity: The rollout of 5G technology is enhancing the capabilities of IIoT by offering faster and more reliable communication between connected devices. This enables applications that require low latency, such as autonomous vehicles and real-time remote monitoring.
Sustainability and Energy Efficiency: Industries are increasingly adopting IIoT technologies to improve energy efficiency, reduce emissions, and support sustainability goals. Sensors and data analytics enable more efficient resource management, leading to reduced waste and energy consumption.
Industrial IoT Market Size and Share
The IIoT market is witnessing substantial growth across various regions, driven by technological advancements, an increasing number of connected devices, and the need for automation. The major industrial sectors benefiting from IIoT include manufacturing, energy, automotive, pharmaceuticals, and more. Businesses are investing heavily in IIoT to streamline their operations, reduce operational costs, and ensure more efficient use of resources.
The market is also being driven by increasing government initiatives aimed at fostering smart city projects, digital infrastructure, and sustainable industrial practices. As industries continue to digitize their operations, the demand for IIoT solutions is poised to grow exponentially.
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Industrial IoT Market Statistics
The global market value was USD 334.53 billion in 2022.
The market is expected to grow to USD 2,916.21 billion by 2031, with a CAGR of 27.2% during the forecast period (2023–2031).
North America holds a significant share of the market, driven by the adoption of advanced industrial technologies and the presence of key players like Cisco, IBM, and Honeywell.
Asia Pacific (APAC) is expected to witness the highest growth due to rapid industrialization, increasing investments in smart factories, and government support for smart manufacturing initiatives.
Regional Trends and Impact
North America: The North American region, particularly the United States and Canada, dominates the global IIoT market due to a robust manufacturing base, the presence of key technology companies, and early adoption of IoT-enabled technologies. The region’s focus on automation, smart factories, and energy efficiency has led to a high demand for IIoT solutions.
Asia Pacific (APAC): APAC is expected to witness the fastest growth in the IIoT market, primarily driven by the increasing industrialization in countries like China, Japan, and India. The region's push towards smart manufacturing, government initiatives supporting industrial automation, and rapid adoption of advanced technologies like AI, robotics, and 5G are propelling the growth of the IIoT market.
Europe: Europe is another key region for IIoT, driven by strong industrial sectors such as automotive, chemicals, and energy. The European Union’s focus on Industry 4.0 and digital transformation is increasing the demand for IIoT technologies across manufacturing, energy, and logistics.
LAMEA (Latin America, Middle East, and Africa): While still a developing market, the LAMEA region is showing significant potential for IIoT growth, especially in industries such as oil and gas, utilities, and agriculture. Increased investment in infrastructure and digitalization is expected to drive the demand for IIoT solutions in these regions.
Industrial IoT Market Segmentation
By Offering
Hardware:
Industrial Robots: These robots are essential for automating repetitive tasks in industries such as manufacturing and automotive, improving efficiency and reducing errors.
Industrial PC: Industrial PCs are used for data processing, monitoring, and control in industrial environments.
Industrial Sensors: Sensors play a critical role in collecting data from machines and devices to monitor conditions like temperature, pressure, and vibration.
Distributed Control System (DCS): DCS solutions enable centralized control of industrial processes, helping manage large-scale production systems.
Smart Meters: Smart meters are essential for monitoring and managing energy consumption in industries, contributing to energy efficiency.
Human Machine Interface (HMI): HMIs provide a visual interface for operators to interact with industrial control systems.
Control Devices: Devices that help regulate and control industrial processes, ensuring smooth operations.
Software: Software solutions in IIoT are used for data collection, processing, analytics, and visualization. These software tools enable industries to derive actionable insights from the vast amount of data generated by IIoT devices.
Services:
Training & Consulting Services: These services help organizations integrate IIoT technologies into their existing systems and operations.
Support and Maintenance Services: These services ensure that IIoT solutions continue to operate efficiently and without disruption.
By Connectivity
Wired Connectivity:
Ethernet: Provides high-speed, reliable data transmission for industrial applications.
Fieldbus: Used in process control systems for connecting field devices and control systems.
Wireless Connectivity:
Wi-Fi, Bluetooth, Cellular Connectivity, Satellite Connectivity: Wireless connectivity solutions offer flexibility and scalability for IIoT applications, especially in large industrial environments.
By End-use Industry
Aerospace and Defense
Automotive
Chemicals
Energy & Power
Food & Beverage
Metal and Mining
Oil & Gas
Pharmaceutical
Semiconductor & Electronics
Others (Healthcare, Water & Wastewater, etc.)
Each of these industries is increasingly adopting IIoT technologies to improve operational efficiency, ensure product quality, reduce costs, and enhance safety.
Market Segmentation with Insights-Driven Strategy Guide: https://straitsresearch.com/report/industrial-iot-market/segmentation
Top Players in the Industrial IoT Market
Several companies are leading the way in the IIoT market, providing innovative solutions and services:
Huawei Technology Co., Ltd.
Cisco
General Electric
Schneider Electric
Rockwell Automation
ABB
Texas Instruments
Honeywell
IBM
KUKA AG
NEC Corporation
Bosch
Siemens AG
SAP
Endress+Hauser
Accenture PLC
STMicroelectronics
These companies are at the forefront of developing and implementing IIoT solutions, helping industries to leverage IoT technologies for better efficiency, safety, and profitability.
Table of Contents for the Industrial IoT Market Report: https://straitsresearch.com/report/industrial-iot-market/toc
Conclusion
The Industrial IoT market is experiencing rapid growth as industries worldwide adopt connected devices, advanced analytics, and automation to enhance productivity, reduce costs, and improve decision-making. With significant investments in IIoT infrastructure, the market is poised to expand substantially in the coming years, especially in sectors such as manufacturing, energy, automotive, and pharmaceuticals. As technologies like AI, 5G, and edge computing continue to evolve, the potential for IIoT to drive industrial transformation will only increase, presenting enormous opportunities for businesses and industries to embrace the future of connected manufacturing and operations.
About Straits Research
Straits Research is a leading provider of market research and intelligence services. With a focus on high-quality research, analytics, and advisory, our team offers actionable insights tailored to clients’ strategic needs.
Contact Us Email: [email protected] Address: 825 3rd Avenue, New York, NY, USA, 10022 Tel: UK: +44 203 695 0070, USA: +1 646 905 0080
#Industrial IoT#IIoT#Industrial Internet of Things#Smart Manufacturing#IoT Market Growth#Industry 4.0#Automation#Connected Devices#Predictive Maintenance#Smart Sensors#Edge Computing#Industrial Robotics#Market Research#IoT Solutions#5G Connectivity#IIoT Market Trends#Global Market Forecast#Honeywell#Cisco#Siemens#IIoT Adoption#Digital Transformation#Smart Factories#Industrial Automation#Market Segmentation#Straits Research
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🌐 Network Emulator Market: $1.5B to $4.2B by 2033 – Connection Perfected 📶
Network Emulator Market plays a critical role in ensuring the performance and reliability of applications and devices by replicating real-world network conditions. Through advanced hardware and software tools, network emulators simulate behaviors such as latency, bandwidth constraints, and packet loss, empowering organizations to test, develop, and optimize their solutions.
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Key Market Trends:
The demand for 5G network testing is driving innovation in network emulation, ensuring seamless integration and performance for next-generation connectivity.
Cloud-based network emulation is gaining traction, offering scalability and cost-efficiency for businesses conducting remote testing.
AI-driven network emulators are emerging, enhancing predictive analysis and enabling smarter testing environments.
Applications Across Industries:
Telecommunications: Optimize network performance and ensure uninterrupted user experiences.
IT and Software Development: Test the robustness of applications in diverse network scenarios.
Automotive: Simulate network conditions for connected and autonomous vehicles, ensuring safety and efficiency.
Regional Insights:
North America leads the market, supported by technological advancements and extensive R&D activities.
Asia-Pacific is witnessing rapid growth, driven by increased adoption of 5G, IoT, and connected devices.
Europe focuses on innovation in network emulation for automotive and industrial applications.
Market Segmentation Highlights:
Tools: Hardware Emulators, Software Emulators
Technologies: AI, Cloud, IoT, 5G, Virtualization
End Users: Telecom Operators, IT Firms, Automotive Manufacturers
The Future of Network Emulation
As connectivity continues to evolve, the need for sophisticated network emulators will grow. These tools will be instrumental in ensuring the seamless performance of emerging technologies in diverse and dynamic environments.
#NetworkEmulator #5GTesting #NetworkSimulation #IoT #CloudEmulation #AI #TelecomSolutions #ITTesting #SoftwareDevelopment #ConnectedVehicles #LatencySimulation #BandwidthOptimization #DigitalInnovation #FutureOfNetworks #TechTesting
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Trends in the IoT Node and Gateway Market 2023 - 2030
The global IoT node and gateway market size is expected to reach USD 1.13 trillion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 13.1% from 2023 to 2030. The market's growth is primarily fueled by the advent of 5G technology, the increasing utilization of wireless smart sensors and networks, a burgeoning market for connected devices, and the rising demand for data centers driven by the growing adoption of cloud platforms. For instance, in August 2023, Intel Corporation launched its new leading-edge chip factories at its Ocotillo campus in Chandler, Arizona. The new factories will support the growing demand for Intel’s products and provide committed capacity for Intel Foundry Services customers, thereby driving market growth over the forecast period.
The growing need for data-driven insights and automation drives the increased demand for connected devices. In sectors like healthcare, the Internet of Things (IoT)-enabled medical devices can monitor patients' vital signs in real time, providing doctors with accurate and timely information for diagnosis and treatment. In agriculture, field sensors can collect data on soil moisture, temperature, and nutrient levels, enabling farmers to make informed decisions about irrigation and fertilization.
IoT devices and gateways often operate in remote or challenging environments where wired connections are impractical. 5G’s broader coverage and improved penetration capabilities ensure that even devices in difficult-to-reach areas can stay connected, enabling applications like smart agriculture, environmental monitoring, and wildlife tracking. 5G mMTC (Massive Machine-Type Communications) capability allows for the seamless connection of many IoT devices within a small geographical area.
Manufacturing industries are embracing IoT nodes and gateways to create smarter factories with real-time monitoring of equipment and production lines, optimizing efficiency and reducing downtime. The need for real-time data processing has led to the adoption of edge computing. IoT gateways play a pivotal role by performing data preprocessing at the edge, reducing latency, and enhancing overall system responsiveness.
North America has been at the forefront of technological innovation, with a robust ecosystem of tech companies, startups, and research institutions. This environment has fostered the development of innovative IoT solutions, making it an ideal market for adoption. The region has quickly embraced emerging technologies such as 5G, edge computing, and AI, which are essential for IoT deployments. In January 2023, Cisco Systems Inc. extended its collaboration with the Grand Duchy of Luxembourg. The aim of this collaboration is to continue to support Digital Luxembourg, the Grand Duchy’s long-term digitalization movement.
IoT Node And Gateway Market Report Highlights
North America has solidified its position as a key hub for IoT innovation and adoption, due to the advancing technological infrastructure, strong investment in IoT solutions across various industries, and a thriving ecosystem of IoT-related companies
Advancements in microelectronics have led to smaller, more power-efficient IoT nodes. This enables seamless integration into various devices and environments while extended battery life reduces maintenance needs
The growth of smart homesworldwide has been a remarkable phenomenon in recent years. Smart homes are equipped with advanced technology that enables homeowners to control their home systems remotely
The key industry players are Intel Corporation, Cisco Systems, Inc., Huawei Technologies Co. Inc., and NXP Semiconductors, among others. To maintain market share, major firms frequently engage in mergers and acquisitions as well as new product launches
IoT Node And Gateway Market Segmentation
Grand View Research has segmented the IoT node and gateway market based on component, connectivity, end-use, and region:
IoT Node & Gateway Component Outlook (Revenue, USD Billion, 2018 - 2030)
Hardware
Connectivity Integrated Circuits (ICs)
Logic Devices
Memory Devices
Processors
Sensors
Temperature Sensors
Motion Sensors
Light Sensors
Others
Software
Services
IoT Node & Gateway Connectivity Outlook (Revenue, USD Billion, 2018 - 2030)
ZigBee
Wi-Fi
Bluetooth
Z-Wave
Others
IoT Node & Gateway End-use Outlook (Revenue, USD Billion, 2018 - 2030)
Consumer Electronics
Wearable Devices
Automotive & Transportation
BFSI
Healthcare
Retail
Building Automation
Oil & Gas
Agriculture
Aerospace & Defense
Others
IoT Node & Gateway Regional Outlook (Revenue, USD Billion, 2018 - 2030)
North America
US
Canada
Europe
Germany
UK
France
Italy
Spain
Asia Pacific
China
Japan
India
South Korea
Latin America
Brazil
Mexico
Middle East and Africa
South Africa
UAE
Order a free sample PDF of the IoT Node And Gateway Market Intelligence Study, published by Grand View Research.
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[ad_1] By Anjali Sharma NEW YORK – According to a report on Friday India is expected to see a 9 per cent growth in hiring in 2025. The report by foundit showed that IT, retail, telecommunications, and Banking, Financial Services, and Insurance (BFSI) sectors are the primary drivers of this growth in the country. It said that 10 per cent growth in 2024 and a 3 percent month-on-month growth in November, the forecast indicated that hiring is set to retain its momentum, with a predictable hiring environment. The emerging technologies and evolving business priorities will further shape India’s job market in 2025. The report said innovations such as edge computing, quantum applications, and cybersecurity advancements are set to transform industries like Manufacturing, Healthcare, and IT. The rise of retail media networks and AI-driven workforce analytics will reshape talent needs in e-commerce, human resource (HR), and digital services. Organisations will look for professionals skilled in digital marketing, ad management, and HR analytics. Anupama Bhimrajka, Vice President Marketing, foundit said “As we enter 2025, India’s job market looks set to broaden its horizons, with a projected 9 per cent growth in hiring. Companies are not only looking for seasoned professionals but also broadening their search beyond established hubs. We believe this approach will create a healthier, more diverse environment allowing businesses to access new talent pools and build a workforce aligned with future needs,” The IT sector is set to drive 15 per cent growth in hiring in 2025, driven by the expansion of Global Capability Centers and multi-cloud adoption. Businesses are prioritising operational agility and sustainability through energy-efficient data centres, green IT practices, and refurbished hardware solutions. The retail sector is predicted to achieve 12 per cent growth in hiring, reflecting rising demand for both traditional and tech-enabled roles. The sector’s growth is driven by the resurgence of experiential brick-and-mortar stores and growing consumer spending in Tier-2 and Tier-3 cities. The telecom sector’s 11 per cent forecasted growth is driven by advancements in AI, 5G, and IoT, with demand for skills in edge computing, SDN (software-defined networking), NFV (network function virtualisation), and cybersecurity. In 2025, sectors that are projected to rise include finance and accounts (+8 per cent), HR and admin (+7 per cent), IT (+6 per cent), Hospitality (+5 per cent), and marketing and communications (+3 per cent) The report said Bengaluru (10 per cent) will lead city-wise growth, followed by Coimbatore (9 per cent), Hyderabad (8 per cent) and Chennai (6 per cent). The post Report says India job market projects growth at 9% in 2025 appeared first on Global Governance News- Asia's First Bilingual News portal for Global News and Updates. [ad_2] Source link
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[ad_1] By Anjali Sharma NEW YORK – According to a report on Friday India is expected to see a 9 per cent growth in hiring in 2025. The report by foundit showed that IT, retail, telecommunications, and Banking, Financial Services, and Insurance (BFSI) sectors are the primary drivers of this growth in the country. It said that 10 per cent growth in 2024 and a 3 percent month-on-month growth in November, the forecast indicated that hiring is set to retain its momentum, with a predictable hiring environment. The emerging technologies and evolving business priorities will further shape India’s job market in 2025. The report said innovations such as edge computing, quantum applications, and cybersecurity advancements are set to transform industries like Manufacturing, Healthcare, and IT. The rise of retail media networks and AI-driven workforce analytics will reshape talent needs in e-commerce, human resource (HR), and digital services. Organisations will look for professionals skilled in digital marketing, ad management, and HR analytics. Anupama Bhimrajka, Vice President Marketing, foundit said “As we enter 2025, India’s job market looks set to broaden its horizons, with a projected 9 per cent growth in hiring. Companies are not only looking for seasoned professionals but also broadening their search beyond established hubs. We believe this approach will create a healthier, more diverse environment allowing businesses to access new talent pools and build a workforce aligned with future needs,” The IT sector is set to drive 15 per cent growth in hiring in 2025, driven by the expansion of Global Capability Centers and multi-cloud adoption. Businesses are prioritising operational agility and sustainability through energy-efficient data centres, green IT practices, and refurbished hardware solutions. The retail sector is predicted to achieve 12 per cent growth in hiring, reflecting rising demand for both traditional and tech-enabled roles. The sector’s growth is driven by the resurgence of experiential brick-and-mortar stores and growing consumer spending in Tier-2 and Tier-3 cities. The telecom sector’s 11 per cent forecasted growth is driven by advancements in AI, 5G, and IoT, with demand for skills in edge computing, SDN (software-defined networking), NFV (network function virtualisation), and cybersecurity. In 2025, sectors that are projected to rise include finance and accounts (+8 per cent), HR and admin (+7 per cent), IT (+6 per cent), Hospitality (+5 per cent), and marketing and communications (+3 per cent) The report said Bengaluru (10 per cent) will lead city-wise growth, followed by Coimbatore (9 per cent), Hyderabad (8 per cent) and Chennai (6 per cent). The post Report says India job market projects growth at 9% in 2025 appeared first on Global Governance News- Asia's First Bilingual News portal for Global News and Updates. [ad_2] Source link
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"Industrial Analytics Market to Grow to $54.1 Billion by 2033, With a 10.1% CAGR"
Industrial Analytics Market is revolutionizing industries by leveraging advanced data analytics to enhance decision-making, efficiency, and productivity. By applying big data, machine learning, and artificial intelligence, industries can analyze data generated from operations, equipment, and systems. Key applications include predictive maintenance, process optimization, and operational insights, enabling industries like manufacturing, energy, and transportation to optimize performance and drive innovation.
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The market is growing rapidly due to the increasing demand for data-driven decision-making in industrial sectors. Predictive analytics leads the market, as industries use data to predict potential disruptions and mitigate risks. Descriptive analytics follows closely, helping industries monitor real-time operations and ensure efficiency. North America, particularly the United States, is a dominant force in the market, driven by technological advancements, a strong industrial base, and substantial investments in analytics solutions. Europe is the second-largest region, propelled by stringent regulations and Industry 4.0 initiatives. Germany, in particular, plays a significant role, driven by its commitment to digital transformation and manufacturing excellence.
In 2023, the Industrial Analytics Market was valued at 350 million units, with projections to grow to 600 million units by 2033. The manufacturing sector dominates the market with a 45% share, followed by the energy sector at 30%, and logistics at 25%. Key players like IBM, General Electric, and Siemens are driving the market with innovative solutions, including cloud-based analytics and IoT integrations. The demand for real-time analytics and machine learning is set to increase, providing lucrative opportunities for market stakeholders.
Regulations like GDPR and industry compliance standards are shaping market dynamics by influencing operational costs and data security measures. The outlook for the Industrial Analytics Market is promising, with a projected 15% annual growth rate fueled by emerging technologies such as edge computing and 5G.
#IndustrialAnalytics #MachineLearning #PredictiveAnalytics #AIinIndustry #Industry4_0 #BigData #IoT #ManufacturingInnovation #SmartManufacturing #DataDrivenDecisions #ProcessOptimization #SupplyChainOptimization #PredictiveMaintenance #DigitalTransformation #EdgeComputing
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Edge Computing Market: The Future of Decentralized, Low-Latency Data Processing
The Edge Computing Market is experiencing explosive growth, projected to surge from USD 14.2 billion in 2023 to USD 116.6 billion by 2030, reflecting an astounding CAGR of 35.1% over the forecast period. As businesses prioritize faster processing, reduced latency, and improved security, edge computing is poised to transform industries ranging from IoT and AI to telecommunications and healthcare.
Let’s explore what’s fueling this remarkable growth, the transformative trends, and the opportunities in the edge computing ecosystem.
What is Edge Computing?
Edge computing refers to the practice of processing data closer to its source—on devices like sensors, cameras, or gateways—instead of relying solely on centralized cloud servers. This minimizes latency, enhances security, and reduces bandwidth costs, making it a cornerstone of modern digital infrastructure.
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Key Drivers of Growth in the Edge Computing Market
The rapid adoption of edge computing is fueled by several critical factors:
1. Proliferation of IoT Devices
The explosion of IoT devices has created an urgent need for edge computing to handle data locally for real-time decision-making.
2. Increasing Demand for Low-Latency Solutions
Applications like autonomous vehicles, smart cities, and augmented reality require ultra-fast data processing, achievable with edge computing.
3. Rising Importance of Data Security and Privacy
Processing data locally reduces exposure to breaches, enhancing security and meeting compliance standards in industries like finance and healthcare.
4. AI and Machine Learning at the Edge
Edge computing enables AI and machine learning models to process data on the spot, significantly improving speed and efficiency.
Key Applications of Edge Computing
Edge computing is revolutionizing several industries by bringing computation closer to the source:
1. Autonomous Vehicles
Edge computing processes real-time data from vehicle sensors, enhancing navigation and safety without relying on external servers.
2. Smart Cities
Traffic management, waste disposal, and energy optimization in smart cities heavily depend on edge-driven solutions.
3. Industrial IoT (IIoT)
Factories leverage edge computing to monitor machinery, predict maintenance needs, and reduce downtime.
4. Healthcare Innovations
Medical devices equipped with edge computing support real-time diagnostics, improving patient outcomes and streamlining operations.
5. Telecom and 5G Networks
Edge computing bolsters 5G networks by optimizing data traffic, enhancing connectivity, and supporting ultra-reliable low-latency applications.
Emerging Trends Shaping the Market
The future of the edge computing market is being shaped by several transformative trends:
1. Integration with AI and Analytics
Edge AI combines real-time data processing with intelligence, empowering industries to make faster, data-driven decisions.
2. Rise of Micro Data Centers
Compact, localized data centers are emerging as key infrastructure, meeting the demand for edge computing’s scalability and efficiency.
3. Expansion of Edge-as-a-Service (EaaS)
Tech providers now offer managed edge solutions, allowing businesses to leverage edge computing without extensive in-house infrastructure.
4. Green Edge Computing
Energy-efficient processing at the edge aligns with sustainability goals while reducing operational costs.
5. Advancements in Edge Hardware
Improved processors, GPUs, and sensors are pushing the boundaries of edge computing capabilities.
Opportunities in the Edge Computing Market
The growth of edge computing offers opportunities across multiple domains:
Technology Providers: Companies developing hardware and software for edge computing will see increased demand for their products.
Enterprises: Adopting edge computing enhances operational efficiency, opening up new revenue streams.
Developers: Creating specialized applications for edge platforms presents a thriving market for innovation.
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Challenges in the Market
While the potential for edge computing is vast, several challenges must be addressed:
1. Infrastructure Costs
Establishing localized data centers and upgrading hardware can be capital-intensive.
2. Interoperability Issues
Seamless integration between different devices, platforms, and software is critical but often difficult.
3. Security Risks
While edge computing enhances security, it also introduces new vulnerabilities, particularly in physical devices.
Future Outlook
By 2030, edge computing will likely serve as a backbone for industries seeking low-latency, real-time processing solutions. From powering autonomous systems to enabling immersive AR experiences, the possibilities are endless. The market's rapid expansion underscores the shift toward decentralized computing, reshaping how businesses interact with data.
FAQs
1. What is driving the growth of the edge computing market? The demand for low-latency solutions, IoT device proliferation, enhanced security needs, and edge-based AI applications are key drivers.
2. How is edge computing different from cloud computing? Edge computing processes data closer to its source, reducing latency, while cloud computing relies on centralized data centers.
3. Which industries benefit most from edge computing? Key beneficiaries include automotive, healthcare, industrial manufacturing, telecom, and smart city applications.
4. What are the major challenges in edge computing? Challenges include high infrastructure costs, interoperability issues, and emerging security threats.
5. What is the role of 5G in advancing edge computing? 5G enhances edge computing by providing faster, more reliable connectivity, enabling real-time data processing and communication.
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