Month: January 2021

Apart from mobile phones, 5G RF transceivers are also integrated in base stations, which, ultimately, all phones, wired and wireless, communicate with. In this regard, the growth of the telecom sector around the world is fueling the demand for such components. With the demand for faster data transmission and clearer voice rising from the expanding telecom consumer base in the U.K., the U.S., South Korea, and China, these countries are rapidly upgrading their base stations to 5G.

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For instance, since the 5G service rollout in China in 2019, over 86,000 compatible base stations have been set up, reflecting a huge rise in the number of 5G RF transceivers installed. Moreover, Finnish smartphone manufacturer Nokia Corporation signed 62 contracts with leading mobile network service providers, including Verizon Communications Inc. and AT&T Inc., and launched 18 commercial 5G networks around the world.

Furthering the pace of connectivity transformation, the People’s Ministry of Industry and Information Technology had also announced plans to set up 500,000 5G base stations in 2020. The same year, Ericsson, the Swedish telecom giant, established a 5G base station in the U.S. Due to such a rapid upgradation of the telecom network by regional governments, Asia-Pacific (APAC) dominated the 5G RF transceiver market in the past. APAC is also home to the most people, so the consumer base for telecom services and smartphones is naturally the largest here.

Moreover, with the IT industry of the region witnessing technological advancements, the adoption of the internet of things (IoT), building security systems, smart farming, smart utility meters, commercial satellite imaging, and home automation is rising. Since all these applications also require high-speed internet connectivity, the demand for 5G RF transceivers continues to rise in APAC.

Therefore, with governments around the world beginning to offer improved telecom services to people, the requirement for 5G RF transceivers is bound to increase.

Depending on deployment, the C-RAN market is divided into indoor and outdoor categories. Between the two, the indoor deployment category is predicted to register faster growth in the market in the future years. This will be because of the rising demand for better network coverage in various indoor environments such as residential areas and office spaces across the world. The market is also classified, on the basis of component, into services, solution, and infrastructure. 

Out of these, the services category will demonstrate the fastest growth in the C-RAN market in the future years, as per the estimates of the market research company, P&S Intelligence. This will be because of the increasing utilization of software-based solutions and the consequent rise in the requirement for professional services. As the C-RAN technology is very new, there is a huge demand for various associated services such as security checks, network support, and training. 

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Across the globe, the C-RAN market is predicted to exhibit the fastest growth in the Asia-Pacific (APAC) region in the forthcoming years. This will be because of the growing requirement for virtualization and 5G technologies in various regional countries for enhanced customer experience and network coverage. In addition to these, the rising usage of smartphones and the increasing data consumption are propelling the growth of the market in this region.

Hence, it can be safely concluded that the demand for C-RAN technology will shoot-up across the world in the upcoming years, mainly because of the rising penetration of the 5G technology and the growing requirement for advanced network solutions. 

The rising penetration of the internet is driving the demand for a high bandwidth, which can be attained through a structured cabling system. Businesses across the world are modifying their information technology (IT) infrastructure due to the rising usage of bandwidth-intensive applications, such as digital audio and video, voice over internet protocol (VoIP), and IP-based videoconferencing.

Owing to this spurring demand, the structured cabling market value is expected to increase from $7.4 billion in 2019 to $9.6 billion in 2030. According to P&S Intelligence, the market will exhibit a CAGR of 3.9% during 2020–2030. Additionally, the installation of structured cabling is increasing in the telecom industry to effectively manage the cabling, without the involvement of a large staff.

Moreover, these systems are incorporated in data centers, business organizations, and government agencies to reduce the operational cost and maintenance time. In essence, these sectors are opting for structured cabling systems to make IT infrastructure management hassle-free, as it is a more-standardized and organized approach than patch cords. A structured cabling system comprises copper cables and copper components or fiber cables and fiber components.

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Among the several categories of cables available, end users primarily deploy category 6 cables, as they are available at a lower cost and offer a higher transmission speed than category 5, category 5e and category 3 cables. Moreover, Cat6 wires, which generate an at least 150-Megahertz (MHz) frequency, are compatible with Cat5, Cat5e, and Cat3 cable systems. Additionally, Cat6 cables offer high shielding, cut down signal noise and interference, and reduce the crosstalk. 

The global commercial air conditioner (AC) market registered a sale of 17.6 million units in 2019, which is expected to increase to 25.4 million units by 2030. The market is expected to experience a CAGR of 3.5% during the forecast period (2020–2030). This can be attributed to a multitude of factors, such as the growth in the purchasing power of people, expansion of the construction industry, and surge in the urban population and tourism activities.

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Currently, refrigerants with a low Global Warming Potential (GWP) are trending. At present, the demand for hydrochlorofluorocarbon (HCFC)- and chlorofluorocarbon (CFC)-based refrigerants, such as R404A, R507, and R22, is rather high due to their easy availability. However, the rising consciousness regarding their harmful effects on the environment has led to the replacement of these CFC and HCFC refrigerants with R32 and other low-GWP variants.

In October 2016, 197 nations ratified the Montreal Protocol, according to which high-GWP variants have to be phased out in developed economies by 2020 and in developing nations by 2030. The commercial AC market growth is driven by the expansion of the construction industry, which is itself a result of the rising investment in the infrastructure sector.

The requirement for cooling equipment is surging due to its usage in infrastructure facilities such as airports, office complexes, and metro rail systems. For instance, China plans to construct 216 airports by 2035, and India aspires to build 100 airports in the next 15 years. Likewise, the erection of 42 skyscrapers in Chicago, Illinois, U.S.; and 115 in London, U.K., will fuel the demand for cooling equipment in the near future.

These autonomous mobile robots market end-users employ robotic systems such as unmanned ground vehicles (UGV), humanoids, unmanned maritime vehicles (UMV), and unmanned aerial vehicles (UAV). Among the different types of systems, the demand for UMVs is set to escalate the most rapidly due to their growing application in the defense and commercial sectors.

Additionally, the developments in the acoustic sensor technology have increased the efficiency of UMVs in underwater mapping and navigation. This is why Lockheed Martin Corporation, General Dynamics Corporation, and L3 ASV are witnessing a rising demand for military-grade UMVs. During 2014–2019, Asia-Pacific (APAC), led by China, South Korea, and Japan, displayed the most widespread adoption of these robots.

According to P&S Intelligence, APAC will also showcase the fastest rise in the adoption of AMRs during this decade. This can be ascribed to the growing e-commerce sector, which is stimulating the demand for smart warehouses in the region. These warehouses will use AMRs on a wide scale to streamline the supply chain by simplifying the storage process and product delivery.

The global autonomous mobile robots market is dominated by companies such as Omron Corporation, Clearpath Robotics Inc., KUKA AG, Fetch Robotics Inc., and Teradyne Inc. These players are taking strategic measures, including partnerships and product launches, to consolidate the competition.

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For example, in January 2019, Fetch Robotics Inc. entered into a partnership with Ryder System Inc. to offer AMR solutions to the customers and warehouse employees of the latter. Through this partnership, Ryder System Inc. aims to make its logistics and supply chain more efficient and safer.

Thus, the growth of the e-commerce sector and widespread deployment of AMR systems in the defense sector will augment the demand for these robots in the foreseeable future.

The cyber insurance market is growing on account of the rapid digitization, rising incidence of cyber-attacks, increasing number of laws mandating having insurance policies for the IT infrastructure, and surging popularity of these policies for risk management. As a result, the industry size will increase from $5,573.2 million in 2019 to $70,671.9 million in 2030, at a massive 26.3% CAGR between 2020 and 2030 (forecast period).

Cyber insurance is meant to protect companies and individuals against the financial implications of a cyber-attack. Under the policy segment, the cyber insurance market is categorized into identity theft, data breach, phishing, malware attack, and email spoofing. Among these, the market was dominated by the data breach category during the historical period (2014–2019) due to the increasing incidence of data breaches.

With the rapid adoption of the cloud for workforce mobility, the amount of data vulnerable to attacks is surging. In the first half of 2019 alone, 4.1 billion digital records were exposed in 3,800 incidents of data breaches around the world! Moreover, standalone and integrated are the bifurcations when the cyber insurance market is segmented on the basis of product type.

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Of these, the higher growth rate till 2030 will be experienced in the integrated bifurcation. These policies are gaining widespread popularity as they reimburse victims for cyber extortion, data breach losses, business interruption costs, and data replacement and restoration expenses. As these multifunctional policies come out to be cost-effective, small and medium enterprises (SMEs) are increasingly opting for them. 

The rising adoption of advanced driver assistance systems (ADAS) and heads-up displays (HUDs) in vehicles is fueling the demand for microdisplays across the world. Due to the rising incidence of road accidents and the increasing implementation of government regulations regarding road safety in several countries such as Japan, the U.S., and China, ADAS are increasingly being used in both commercial and passenger vehicles and rapidly becoming important components of automobiles. 

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According to the Federal Motor Carrier Safety Administration (FMCSA), the U.S. launched a project for fueling the integration of ADAS in trucks in the country in 2019 in order to reduce the prevalence of road accidents, crashes, and fatalities. Because of the rising public awareness about vehicular and passenger safety, many original equipment manufacturers (OEMs) are adopting HUDs in vehicles. These systems display various important driving-related information, which enhances the overall driving experience. 

The ballooning usage of near-to-eye (NTE) devices is another important factor propelling the global popularity of microdisplays. Microdisplays are increasingly being used in various NTE-device-based applications such as personal electronics like cameras, mobile phones, and full-color projection devices, HUDs, and augmented reality (AR)/virtual reality (VR). In the gaming and media and entertainment industries, the usage of these devices is growing rapidly. The rising usage of HUDs in the automotive and military industries is also propelling the sales of microdisplays.

Due to the above-mentioned factors, the sales of microdisplays are rising all over the world. This is fueling the expansion of the microdisplay market. As a result, the value of the market is predicted to grow from $1.0 billion in 2019 to $4.0 billion by 2030. Furthermore, the market is predicted to progress at a CAGR of 13.4% between 2020 and 2030. HUDs, projectors, and NTE devices are the main types of microdisplays used all over the world. 

This market research report provides a comprehensive overview of the market

• Future potential of the market through its forecast for the period 2020– 2030
• Major factors driving the market and their impact during the short, medium, and long terms
• Market restraints and their impact during the short, medium, and long terms
• Recent trends and evolving opportunities for the market participants
• Historical and the present size of the market segments and understand their comparative future potential
• Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings

The augmented reality (AR) and virtual reality (VR) technologies are reaching to the masses through various platforms, mostly through smartphones and tablet computers. With the rapid surge in smartphone ownership across the globe, these electronic products are being considered a potential hardware interface for these technologies.

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Thus, the increasing penetration of these electronic devices is expected to accelerate the AR and VR market at a CAGR of 4.2% during 2020–2030. According to P&S Intelligence, the market size will increase from $37.0 billion in 2019 to $1,274.4 billion by 2030. Moreover, the availability of these technologies at a reduced price has led to their popularity. Besides, technological developments in terms of hardware and software are expected to curtail the prices of AR and VR devices in future.

Further, developments in the optics field are expected to assist the development of compact, flexible, and affordable displays for headsets and smart glasses. Industry players are offering software development kit (SDK) to application developers at affordable price. Due to this, the application base of these technologies will increase in coming years, thereby, reducing the price of the products, which, in turn, will boost the AR and VR market growth. 

Of the two technologies, the demand for AR technology is projected to increase during the forecast period, due to the endless benefits offered by it, especially when combined with the new-age wireless technology. This enables the incorporation of AR technology with wireless technology in home devices and home appliances to offer a connected experience to users. Moreover, the ability of this technology to integrate digital information with the physical environment in real-time has led to its increased application. 

A mobile point-of-sale (mPOS) terminal is a dedicated wireless device, smartphone, or tablet that executes the functions of an electronic POS terminal or cash register wirelessly. For the implementation of mPOS, a business requires a debit and credit card reader, an internet connection, and an application on the device that will be used for the transactions. It can also be paired with other POS hardware such as a cash drawer and barcode scanner.

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Besides, mPOS systems are ideal for mobile businesses, such as home and repair services, food trucks, flea markets, and market vendors, to carry out card transactions on the go. This migration from conventional systems to mPOS terminals can also be attributed to the deployment of cloud-based solutions. In comparison to conventional systems, cloud-based POS variants involve lower operational costs, as they do not need expensive on-site servers.

In addition to this, cloud-deployed mPOS solutions allow users to accumulate all the data in one place, which helps in streamlining information management. Other advantages of cloud-based mPOS software include less requirement for sophisticated IT infrastructure, better mobility, and automatic data backup. As for the performance of the regional mPOS terminals market, the Asia-Pacific (APAC) region accounted for the largest share in the global market during the historical period of 2014–2019.

According to P&S Intelligence, the region is projected to maintain its dominance during the forecast period owing to the rapid urbanization in regional countries, which is adding to the growth of the healthcare, retail, and hospitality sectors. The prime driver for the regional market is the retail sector, which accounts for the highest adoption of mPOS terminals in APAC.

The value of the business continuity management market was $359.2 million in 2018, and it is projected to reach $875.7 million by 2024. Furthermore, the market is expected to register a CAGR of 15.4% during the forecast period (2019–2024). The market growth is being driven by the increasing information technology (IT) spending, rising operational risks in organizations, and surging demand for business continuity management solutions from small and medium enterprises (SMEs).

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One of the key factors driving the market is the widescale adoption of business impact analysis (BIA) solutions in SMEs and large enterprises. To cater to the surging demand for them, market players are providing risk identification and customizable impact assessment via BIA. BIA assists organizations in identifying critical processes and activities that include external and internal dependency chains and return on investment (ROI).

Moreover, the soaring demand for robust dependency modeling and gap analysis from enterprises is boosting the usage of BIA. Besides, the rising operational risks in business organizations are propelling the growth of the business continuity management market. Currently, enterprises are facing numerous operational risks due to growth in economic uncertainties and stringent regulatory compliance requirements.

Additionally, organizations are creating a high demand for real-time assessment, robust risk mitigation, and greater risk accountability. Moreover, financial service institutions require business continuity management solutions to achieve transparency and accountability and ensure proactive risk mitigation, while expanding their business.