Overall, ABI Research estimates that the installed base for RaaS will grow from 4,442 units in 2016 to 1.3 million in 2026. The yearly revenue from RaaS providers is expected to increase from $217 million in 2016 to nearly $34 billion in 2026.
The Fourth Industrial Revolution is seen as a new stage of human development, one defined by “a fusion of technologies that is blurring the lines between the physical, digital, and biological spheres“, as well as disrupting virtually every industry.
Different technologies in different parts of the technology adoption life cycle, when combined, could fundamentally change the way resources are allocated and international trade operates. Governments and businesses need to understand the current trends in order to stay ahead of the curve.
If we bring more players into the ICT investment space, we can start to socialize the costs of investments to better reflect the disbursement of returns. This should significantly increase ICT infrastructure development. But it starts with thinking about the internet differently.
No technological competition seems more pressing than the global struggle for artificial intelligence (AI) superiority. While the U.S. once dominated AI research, China has made it clear in recent years that they are aggressively working to catch up to (and then eclipse) its rival in the West.