October 08, 2020 - The global workforce analytics market is expected to reach USD 1.87 billion by 2025. The growing concern by the majority of the large enterprises to deal with humongous volume of data pertinent to human capital is anticipated to spur the demand for workforce analytics software application platform over the forecast period. The widespread adoption of human capital information system to enhance profitability of the industry by reducing operational cost also stimulated the market growth.
Retail industry is anticipated to be the fastest-growing application sector owing to the rising implementation of workforce information system to automate the key human resource related processes. Retail industries are subjected to exhibit multiple issues related to inventory management, in-store product distribution, customer handling, and deployment of sufficient number of resources to the store locations.
In-Depth research report on Workforce Analytics market:
https://www.radiantinsights.com/research/workforce-analytics-market
The incidence of public and private cloud storage system by the several business entities with respect to various data applications scalability, tool capabilities, and optimum implementation is anticipated to bolster the popularity of cloud storage platform in the field of data analytics. The effective combination of data analytics tool and cloud computing platforms to enhance execution flexibility and agility of the data management system aggravated the demand for the incorporation of cloud management system by the majority of the business enterprises.
Additionally, cloud storage platform also enables the data analyst to optimize linear scalability, database virtualization, work management, and storage optimization. Cloud computing platforms categorically act as a complementary technological paradigm by enabling flexible network access to a shared pool of configurable computing resources with minimal cost to the management.
Further Key Findings From the Study Suggest:
• Consulting services is anticipated to exhibit moderate growth with the CAGR of 16.1% over the forecast period and is anticipated to be valued at USD 660.3 million by 2025. The absence of essential technology infrastructure to deploy flexible and comprehensive data analytics model to track human movement on a real-time basis is anticipated the spur the market growth.
• The Retail domain is expected to dominate the market accounting for over 23% of the overall revenue share by 2025. The incorporation of workforce analytics platform is expected to ensures optimum allocation of human resources with the minimal operational cost to the organization.
• Asia Pacific is anticipated to incur the fastest growth with a CAGR of 19.6% over the forecast period. The growth can be attributed to the presence of fastest growing economies such as China, India, and Japan in the region. The widespread deployment of the workforce analytics platform in the BFSI sector to meet the unprecedented demand for customer handling is anticipated to stimulate the market growth.
• Key players in the workforce analytics market include ADP LLC, Tableau Software., SAP Se, Genpact Ltd., Oracle Corporation and IBM Corporation. The market is highly competitive owing to the presence of numerous solution provider incorporating innovative technologies to offer product differentiation.
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Showing posts with label Telecommunications. Show all posts
Showing posts with label Telecommunications. Show all posts
Thursday, 8 October 2020
Global workforce analytics market is expected to reach USD 1.87 billion by 2025
Thursday, 1 October 2020
Geographic information system (GIS) is a computerized system that connects data with geography
October 01, 2020 - The global geographic information system (GIS) market is anticipated to reach USD 11.2 billion by 2025. The rising adoption of GIS in infrastructure development, urban planning, and smart cities coupled with increasing location-based services are some of the key drivers of the GIS market.
GIS is a computerized system that connects data with geography. Several decisions are taken using GIS, right from tracking a store location to predicting climate change and analyzing a crime pattern. GIS helps users to link the data with geographic location to gain spatial insights from the extracted data.
In-Depth research report on Geographic Information System (GIS) Market:
https://www.radiantinsights.com/research/geographic-information-systems-market
The growing integration of GIS with conventional technologies has enhanced the business intelligence of companies. Moreover, the integration of GIS with IoT devices provides accurate data to users using the geospatial data analysis. For instance, an IoT-enabled valve can be monitored from anywhere around the globe using geospatial data.
The demand for location-based services, such as real-time status and control of a valve, have been on a rising curve around the globe. The market for GIS is expected to grow over the forecast period owing to technological advancements and growing applications. Moreover, the growing awareness among private companies regarding benefits such as improved productivity and optimization of processes offered by GIS has resulted in the technology's increased demand.
Organizations in the private sector use the geographic information system for applications such as mining, oil & gas, transportation & logistics, and defense equipment, among others. The rising application of geographic information systems in construction is anticipated to, in turn, boost the market demand over the forecast period.
Further Key Findings From the Report Suggest:
• The growing adoption of GIS in surveying and mapping by several regions is anticipated to drive the market growth.
• The construction segment is expected to register a high CAGR of 11.2% over the projected period.
• The Asia Pacific regional market is expected to witness significant growth over the forecast period, owing to the large-scale penetration of GIS.
• Key players in the market include Autodesk Inc.,The Economic and Social Research Institute (ESRI), Hexagon AB, and Pitney Bowes Inc.
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Wednesday, 5 August 2020
Mobile marketing is a promotional activity that helps connect advertisers to end users through push notifications and emails
August 05, 2020 - The global mobile marketing market
size is estimated to reach USD 337.8 billion by 2027, registering a
CAGR of 22.9% over the forecast period. Mobile marketing is a
promotional activity that helps connect advertisers to end users through
push notifications and emails, among other communications sent
directly to customers.
Browse full research report :
https://www.radiantinsights.com/research/mobile-marketing-market
Increasing use of smartphones to access online content coupled with the growing trend of location-based mobile marketing are expected to drive the market. Moreover, rising number of social media platforms and users accessing internet and popular multimedia content, such as videos, audio, and text is anticipated to drive the market.
Global Positioning Systems (GPS) and the Radio Frequency Identification (RFID) technologies are used by enterprises to acquire consumer preference data, which is further analyzed to target nearby consumers by sending them notifications about relevant products and services. Mobile device is the largest source of digital data and most of the data is accessed through social media platforms, web browsers, and mobile applications. Rising adoption of Artificial Intelligence (AI) and big data analytics in mobile marketing to monitor consumer preference and to deliver accurate insights to reach the right consumers is anticipated to propel the market for mobile marketing over the forecast period.
Based on several surveys, more than 70% of enterprises are of the opinion that mobile devices have transformed their businesses and customer experience by enabling continuous interaction between customers and employees. Consumers are increasingly preferring online shopping owing to the increasing penetration of smartphones. Companies are highly focused on advertising their products and services through e-commerce channels. This helped the retail segment capture a significant revenue share in 2019. Key players focus on mergers and acquisitions that will help them gain greater regional presence and target new consumers. However, growing privacy concerns coupled with the rapidly increasing use of ad blockers to avoid unwanted content may hamper the growth of the market.
Further key findings from the study suggest that:
• In 2019, the mobile web segment held over 24% of the global market share due to growing number of smartphone users frequently accessing mobile search engines
• North America captured a significant revenue share in 2019, owing to robust growth in the use of Over the Top (OTT) and social media content along with the highest smartphone penetration
• Latin America mobile marketing market is estimated to showcase significant growth over the forecast period owing to the high adoption of smartphones in Brazil and Mexico along with high investment in the improvement of the regional network infrastructure. Increasing number of OTT content subscribers in the region is expected to create significant opportunities for the market players in the forthcoming years
• Companies leveraging machine learning, AI, big data, and Augmented Reality (AR) technologies for high customer engagement through televising or displaying ads is expected to fuel the market growth
• Significant use of GPS and RFID technology for location-based mobile marketing is predicted to fuel the industry growth over the forecast period.
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Increasing use of smartphones to access online content coupled with the growing trend of location-based mobile marketing are expected to drive the market. Moreover, rising number of social media platforms and users accessing internet and popular multimedia content, such as videos, audio, and text is anticipated to drive the market.
Global Positioning Systems (GPS) and the Radio Frequency Identification (RFID) technologies are used by enterprises to acquire consumer preference data, which is further analyzed to target nearby consumers by sending them notifications about relevant products and services. Mobile device is the largest source of digital data and most of the data is accessed through social media platforms, web browsers, and mobile applications. Rising adoption of Artificial Intelligence (AI) and big data analytics in mobile marketing to monitor consumer preference and to deliver accurate insights to reach the right consumers is anticipated to propel the market for mobile marketing over the forecast period.
Based on several surveys, more than 70% of enterprises are of the opinion that mobile devices have transformed their businesses and customer experience by enabling continuous interaction between customers and employees. Consumers are increasingly preferring online shopping owing to the increasing penetration of smartphones. Companies are highly focused on advertising their products and services through e-commerce channels. This helped the retail segment capture a significant revenue share in 2019. Key players focus on mergers and acquisitions that will help them gain greater regional presence and target new consumers. However, growing privacy concerns coupled with the rapidly increasing use of ad blockers to avoid unwanted content may hamper the growth of the market.
Further key findings from the study suggest that:
• In 2019, the mobile web segment held over 24% of the global market share due to growing number of smartphone users frequently accessing mobile search engines
• North America captured a significant revenue share in 2019, owing to robust growth in the use of Over the Top (OTT) and social media content along with the highest smartphone penetration
• Latin America mobile marketing market is estimated to showcase significant growth over the forecast period owing to the high adoption of smartphones in Brazil and Mexico along with high investment in the improvement of the regional network infrastructure. Increasing number of OTT content subscribers in the region is expected to create significant opportunities for the market players in the forthcoming years
• Companies leveraging machine learning, AI, big data, and Augmented Reality (AR) technologies for high customer engagement through televising or displaying ads is expected to fuel the market growth
• Significant use of GPS and RFID technology for location-based mobile marketing is predicted to fuel the industry growth over the forecast period.
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Tuesday, 19 May 2020
Global intelligent perception and data acquisition market share is anticipated to hold a high market share during the forecast period
May 19, 2020 - The global intelligent perception and data acquisition market share is anticipated to hold a high market share during the forecast period. Growing demand for semiconductors, transducers, and capacitors in the IT industry propels the need for hardware and simultaneously these devices are employed for building intelligent data systems. Therefore, the significant demand for intelligent data systems in the industrial control systems is likely to intensify the market growth in the coming years.
Browse full research report :
https://www.radiantinsights.com/research/global-intelligent-perception-and-data-acquisition-market-research-report-2020-2024
Intelligent perception and data acquisition can be interrelated subjects wherein it comprises an ecosystem of logical studies based on facts and assumptions. To be precise, the data systems can provide output based on intelligent studies. Majorly, intelligent perception relates to the capacity of consciousness based on what is been perceived. Likewise, artificial intelligence and data acquisition can demonstrate high productivity and enable complex problem solving. Moreover, AI is reasonable, gives accurate prediction, and encourages high productivity in companies. Therefore, these data models are experiencing a high adoption across various companies. Additionally, investment and business development is gaining a huge impetus in the recent years.
Intelligent perception and data acquisition market is significantly driven by growing importance of data systems and metrics in the education and corporate sector. With the rise in emphasis on quarterly performance, the companies have increasingly adopted the data-centric approach towards organizing and maintaining resources. Moreover, technological advancements are also creating a niche market attributing to the rise in demand for faster network systems. Adoption of IoT and industrial Ethernet has been active in driving the market growth. However, initial costs and low awarness on technological front is hindering the market growth throughout the forecast period.
Based on regional segmentation, the intelligent perception and data acquisition market include North America, South America, Europe, Asia Pacific, Middle-East and Africa. North America is a dominant market as there have been ample opportunities in the past such as emergence of IoT startups, technological prowess, and automation. Europe is a growing market as adoption trends for data-oriented organizational models are increasingly gaining a high momentum. In addition, bug players in the regional market are showing positive growth thanks to digitalization and automation in industrial solutions.
Some of the key players in the intelligent perception and data acquisition market are Agilent Technologies, ABB Ltd, Advantech Co, Campbell Scientific Inc., Data Translation Inc., and Honeywell International. The key players are adopting mergers and acquisition, collaboration, strategic partnerships, and other growth strategies for expansion.
In the context of China-US trade war and global economic volatility and uncertainty, it will have a big influence on this market. Intelligent Perception and Data Acquisition Report by Material, Application, and Geography - Global Forecast to 2023 is a professional and comprehensive research report on the world's major regional market conditions, focusing on the main regions (North America, Europe and Asia-Pacific) and the main countries (United States, Germany, United Kingdom, Japan, South Korea and China).
In this report, the global Intelligent Perception and Data Acquisition market is valued at USD XX million in 2020 and is projected to reach USD XX million by the end of 2024, growing at a CAGR of XX% during the period 2020 to 2024.
The report firstly introduced the Intelligent Perception and Data Acquisition basics: definitions, classifications, applications and market overview; product specifications; manufacturing processes; cost structures, raw materials and so on. Then it analyzed the world's main region market conditions, including the product price, profit, capacity, production, supply, demand and market growth rate and forecast etc. In the end, the report introduced new project SWOT analysis, investment feasibility analysis, and investment return analysis.
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Thursday, 14 May 2020
Behavioral and mental health software allows patients to maintain their mental health using digital solutions
May 14, 2020 - The global behavioral and mental health software market was valued at a significant market share over the past few years, owing to the growing mental health awareness. This software is often customized these days to cater to individual patient needs and suggests personalized treatment plans and recommendations. It allows patients to maintain their mental health using digital solutions.
Drivers:
Factors propelling growth includes the increasing level of stress in the society such as depression and anxiety. It is also largely associated with substance abuse. Patients suffering from lifestyle diseases like diabetes are more prone to depression than the general population. Therefore, renowned health organizations are listing recommendations for care integration in behavioral health care settings.
Technological development has provided numerous opportunities for market growth. Health Information Technology (health IT) uses electronic systems to store, process, manage, retrieve patient data and enables medical providers or administrators to analyze and streamline the healthcare delivery. It has emerged substantially critical for enable behavioral care.
In-Depth research report on Behavioral and Mental Health Software market:
https://www.radiantinsights.com/research/global-behavioral-and-mental-health-software-market-research-report-2019-2023
The market services adoption has transformed the nature of mental health assessment and has resulted in a shift towards value-based care. Medical providers are progressively more accountable for patient health outcomes and cost of care. There is a growing demand for the complete access of an individual’s record in terms of their health-related information and laboratory results to effectively manage the care that they receive. Furthermore, accountable care organizations (ACOs) are booming and are expanding their accountability scope of health and social services.
Restraints:
The market growth is highly constrained by the lack of awareness regarding the available solutions. Also, concerns related to data breaches, privacy issues, and data security threats are hindering market expansion. Several healthcare providers lack the necessary knowledge to operate the EHR software, which is hampering growth. Therefore, federal governments are providing technical assistance by dedicating IT staff at Regional Extension Centers to train and guide medical professionals.
Segmentations:
The market has been primarily segmented based on component, delivery model, end-users, and function type. The end use market has been further categorized into payers, providers, and patients. Providers dominated the market over the past few years in terms of revenue share and will further lead throughout the forecast timeframe, owing to the presence of several reimbursement policies.
Regional Outlook:
Geographically, the market has been segmented into North America, Asia Pacific, Europe, Latin America and the Middle East & Africa. North America was the highest revenue generating region in the past few years and was followed by Europe. This can be mainly attributed to the presence of most of the healthcare giants in these regions. Asia Pacific region is growing at a lucrative rate due to the presence of a large population base especially in countries like India and China.
Competitive Landscape:
Behavioral and mental health software market has reduced the administrative burden such as billing, data access & sharing, workflow, and its associated costs. This infrastructure has created an alternative payment options which is secure and easy. Several federal investments have driven market opportunities. Delivery System Reform Incentive Payment (DSRIP) is enhancing patient outcome and experience with the development of Medicare and Medicaid solutions under the Affordable Care Act (ACA). The State Medicaid Letter allows the use of HITECH Administrative Matching Funds as a payment option under the EHR incentive program. Some of the key players operating in the market are Core solutions, Inc.; Cerner Corporation; Epic; Welligent, Inc.; Netsmart Technologies; and others.
Mental and behavioral health providers have historically had low adoption rates for electronic medical records and other health IT software. In the context of China-US trade war and global economic volatility and uncertainty, it will have a big influence on this market. Behavioral and Mental Health Software Report by Material, Application, and Geography - Global Forecast to 2023 is a professional and comprehensive research report on the world's major regional market conditions, focusing on the main regions (North America, Europe and Asia-Pacific) and the main countries (United States, Germany, United Kingdom, Japan, South Korea and China).
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In this report, the global Behavioral and Mental Health Software market is valued at USD XX million in 2019 and is projected to reach USD XX million by the end of 2023, growing at a CAGR of XX% during the period 2019 to 2023.
The report firstly introduced the Behavioral and Mental Health Software basics: definitions, classifications, applications and market overview; product specifications; manufacturing processes; cost structures, raw materials and so on. Then it analyzed the world's main region market conditions, including the product price, profit, capacity, production, supply, demand and market growth rate and forecast etc. In the end, the report introduced new project SWOT analysis, investment feasibility analysis, and investment return analysis.
Tuesday, 21 April 2020
The smart bike lock market is anticipated to achieve significant revenue share by 2023
April 21, 2020 - The smart bike lock market is anticipated to achieve significant revenue share by 2023. These intelligent lock uses low-power Bluetooth technology to replace the physical key. Intelligent device can lock and unlock the bike easily and can be operated using smartphones.
Growing awareness regarding the safety of bikes and a rising number of riders are anticipated to escalate overall business outlook in the forecast period. Besides, increasing interest of populace for biometric bike locks can be ascribed to the perceptible growth of cyclocross bikes as well as track bikes that need advanced locks on account of their premium prices. Because of this, the industry growth is envisioned to remain constant in the forecast period.
In-Depth research report on Smart Bike Lock market:
https://www.radiantinsights.com/research/global-smart-bike-lock-market-research-report-2019-2023
Factors such as the high cost of intelligent bike lock and lack of awareness regarding the benefits of product will show a negative impact on overall industry growth. Its tamper and weather resistant property with hardened steel reinforcement will create new opportunities for product development across the globe.
The smart bike lock industry is categorized based on product type, applications, and region. Based on product type, the industry is categorized into phone unlock, key unlock, and Bluetooth unlock. Bluetooth unlock segment is anticipated to account for the largest industry revenue and continue its dominance over the forecast period. Rising demand for Bluetooth connectivity locks for remote control i.e. unlocking and sharing theft-attempt to a connected smartphone will escalate product demand in the forecast period.
Based on applications, the smart bike lock market is categorized into a bicycle. Rising demand for multi-modal transportation in smart cities will show a positive impact on overall segment growth. These bicycles are mainly used as a personal vehicle as well as on-demand transit mode.
Geographically, the smart bike lock industry is categorized into Middle East & Africa, North America, South America, Europe, and Asia Pacific. Globally, North America is anticipated to remain dominant over the forecast period. The high growth is attributable to continuous R&D activities to develop smart locks for bikes. In addition, rise in expenditure power of patrons in the region will propel product demand in the coming years. North America was followed by Europe and Asia Pacific.
Europe is expected to remain the second largest region with profitable industry revenue over the projected period. The region is anticipated to gain momentum owing to rising government initiatives concerning to the security and safety of automobile. Besides, Asia Pacific is projected to witness the fastest growth over the forecast period on account of rising number of individuals spending on buying smart bikes. Also, rapid urbanization in smart cities is promoting the need for smart bicycles, thus, it will boost product demand in the region.
Major players of the smart bike lock market are ilockit, Mobike, Mobilock, ofo, Ulock, Yunba, Mobiloc, Omni, Looplock, Longsing, Bitlock, Misheng, Lattis Ellipse, LINKA, and Noke. These players are continuously retaining their positions by entering strategic acquisitions and mergers and introducing new product folio. Further, it will help key manufacturers to maintain significant position over the projected period.
For instance, Lattis a secure, cost-efficient, and intelligent micro-mobility solution launched its Ellipse Smart Bike Locks in 2017. The Ellipse Locks comprise IoT features such as a solar-powered frame that automatically charges the battery, Bluetooth connectivity for pushing theft-attempt alerts and for remote unlocking and comprise accelerometer to monitor for sudden stops.
Smart bike lock can use of low-power Bluetooth technology to replace the physical key, can be based on the phone from the location of the bike to lock and unlock the bike. In the context of China-US trade war and global economic volatility and uncertainty, it will have a big influence on this market. Smart Bike Lock Report by Material, Application, and Geography - Global Forecast to 2023 is a professional and comprehensive research report on the world's major regional market conditions, focusing on the main regions (North America, Europe and Asia-Pacific) and the main countries (United States, Germany, United Kingdom, Japan, South Korea and China).
In this report, the global Smart Bike Lock market is valued at USD XX million in 2019 and is projected to reach USD XX million by the end of 2023, growing at a CAGR of XX% during the period 2019 to 2023.
The report firstly introduced the Smart Bike Lock basics: definitions, classifications, applications and market overview; product specifications; manufacturing processes; cost structures, raw materials and so on. Then it analyzed the world's main region market conditions, including the product price, profit, capacity, production, supply, demand and market growth rate and forecast etc. In the end, the report introduced new project SWOT analysis, investment feasibility analysis, and investment return analysis.
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Tuesday, 31 March 2020
Global Network Function Virtualization Market Size, Share, Growth, Trends and Forecast to 2024
March 31, 2020 - In the context of China-US trade war and global economic volatility and uncertainty, it will have a big influence on this market. Network Function Virtualization Report by Material, Application, and Geography - Global Forecast to 2023 is a professional and comprehensive research report on the world's major regional market conditions, focusing on the main regions (North America, Europe and Asia-Pacific) and the main countries (United States, Germany, United Kingdom, Japan, South Korea and China).
In this report, the global Network Function Virtualization market is valued at USD XX million in 2020 and is projected to reach USD XX million by the end of 2024, growing at a CAGR of XX% during the period 2020 to 2024.
The report firstly introduced the Network Function Virtualization basics: definitions, classifications, applications and market overview; product specifications; manufacturing processes; cost structures, raw materials and so on. Then it analyzed the world's main region market conditions, including the product price, profit, capacity, production, supply, demand and market growth rate and forecast etc. In the end, the report introduced new project SWOT analysis, investment feasibility analysis, and investment return analysis.
The major players profiled in this report include:
• Cisco
• Ericsson
• Huawei
• Vmware
• Nokia
The end users/applications and product categories analysis:
On the basis of product, this report displays the sales volume, revenue (Million USD), product price, market share and growth rate of each type, primarily split into-
• General Type
On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, sales volume, market share and growth rate of Network Function Virtualization for each application, including-
• Virtual Appliance
• Core Network
Browse full research report :
https://www.radiantinsights.com/research/global-network-function-virtualization-market-research-report-2020-2024
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Tuesday, 24 March 2020
Global Digital Security Control System Market - Global Industry analysis, Growth and Forecast, 2019 to 2023
March 24, 2020 - Security System is made up of a control panel, one or more keypads and various sensors and detectors. In the context of China-US trade war and global economic volatility and uncertainty, it will have a big influence on this market. Digital Security Control System Report by Material, Application, and Geography - Global Forecast to 2023 is a professional and comprehensive research report on the world's major regional market conditions, focusing on the main regions (North America, Europe and Asia-Pacific) and the main countries (United States, Germany, United Kingdom, Japan, South Korea and China).
In this report, the global Digital Security Control System market is valued at USD XX million in 2019 and is projected to reach USD XX million by the end of 2023, growing at a CAGR of XX% during the period 2019 to 2023.
The report firstly introduced the Digital Security Control System basics: definitions, classifications, applications and market overview; product specifications; manufacturing processes; cost structures, raw materials and so on. Then it analyzed the world's main region market conditions, including the product price, profit, capacity, production, supply, demand and market growth rate and forecast etc. In the end, the report introduced new project SWOT analysis, investment feasibility analysis, and investment return analysis.
The major players profiled in this report include:
• Gemalto N.V
• FireEye, Inc
• Oberthur Technologies
• Safenet, Inc
• Vasco Data Security International, Inc
The end users/applications and product categories analysis:
On the basis of product, this report displays the sales volume, revenue (Million USD), product price, market share and growth rate of each type, primarily split into-
• Hardware
• Software
• Service
On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, sales volume, market share and growth rate of Digital Security Control System for each application, including-
• Mobile Security & Telecommunication
• Finance & Banking,
• Healthcare
• Commercial
Read full research report :
https://www.radiantinsights.com/research/global-digital-security-control-system-market-research-report-2019-2023
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Tuesday, 26 September 2017
5G Technology: The Next Breakthrough in Mobile Telecommunication and Wireless Systems
The term 5G refers to the 5th generation of mobile technology and the most recent revolution in mobile technology. It is the next key phase of mobile telecommunication and wireless systems, offering much faster download speed than current wireless technologies. Various 5G research and development activities also focus on lower latency and lesser battery usage than any 4G equipment for better IoT (Internet of Things) implementation. One of the major advantages of 5G is that it has excellent ability to support both consultancy and software. Moreover, due to router and switch technology, 5G networks will enable high connectivity.
Other key features of this technology include:
- Virtually zero latency
- Higher capacity and faster response time than 4G
- Wide variety of applications
- Ubiquitous connectivity
- Wider multimedia options
- High-quality HD videos and sound
Upcoming Innovation Promises Faster Download Speed
With more companies forming 5G partnerships, the latest and notable development in 5G technologies has come from ZTE Corp., a leader in telecommunication equipment and systems. The company is exhibiting its newest innovation in 5G technology at the IFA (Internationale Funkausstellung Berlin) 2017. Its 5G innovation includes the world’s first ever Gigabit smartphone prototype. The new trial product offers higher connectivity and almost 10 times faster speed of download than existing LTE (Long-Term Evolution) devices.
Market Overview:
According to a new study available on Radiant Insights, the worldwide 5G technology market is estimated to witness significant growth during the forecast period (from 2018 to 2022). Increased global adoption of various Internet-enabled devices is projected to be a key growth driver for the market. In addition, low power consumption along with high data transfer rates is also likely to positively affect the overall demand for 5G during the next few years.
Some of the prominent vendors operating in the global market for 5G technology are AT&T Inc.; Samsung Group; Nokia Networks; Qualcomm Inc.; and Telefonaktiebolaget LM Ericsson.
With more companies forming 5G partnerships, the latest and notable development in 5G technologies has come from ZTE Corp., a leader in telecommunication equipment and systems. The company is exhibiting its newest innovation in 5G technology at the IFA (Internationale Funkausstellung Berlin) 2017. Its 5G innovation includes the world’s first ever Gigabit smartphone prototype. The new trial product offers higher connectivity and almost 10 times faster speed of download than existing LTE (Long-Term Evolution) devices.
Market Overview:
According to a new study available on Radiant Insights, the worldwide 5G technology market is estimated to witness significant growth during the forecast period (from 2018 to 2022). Increased global adoption of various Internet-enabled devices is projected to be a key growth driver for the market. In addition, low power consumption along with high data transfer rates is also likely to positively affect the overall demand for 5G during the next few years.
Some of the prominent vendors operating in the global market for 5G technology are AT&T Inc.; Samsung Group; Nokia Networks; Qualcomm Inc.; and Telefonaktiebolaget LM Ericsson.
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