In recent years there have been changes in the market, with higher adoption of hybrid and fully electric cars which require more complex operational monitoring technology. Plus, with more people embracing remote and flexible working models, the car can become a mobile office with all the associated business requirements, including reliable broadband connectivity.
“The group of countries where fiber has become almost ubiquitous – covering more than 95 percent of homes – has increased to more than 10 . These markets remain predominantly only in selected geographies: Southeast Asia, Persian Gulf, and the Baltics and Iberian Peninsula in Europe.”
via Arthur D Little
More computing power is moving to the edge of mobile networks and it’s going to be amazing. 5G Edge Computing will provide a foundation for the development of enterprise use cases and industry vertical applications. To capture the value at stake, Communications Service Providers (CSPs) will use new data.
Total spend over direct carrier billing will reach $100 billion for the first time by 2025 — that’s rising from $37 billion in 2020. The increasing shift to subscription-based models for digital services, such as games, video streaming and music, will be key to realizing a growth rate of 172 percent over the next 5 years.
Executives say 20% of their ‘overall workforce’ is currently enabled to work remotely. Almost 40% say their employees have trouble accessing their organization’s network. Almost half can’t access the necessary technology and tools to do their work effectively while out of a traditional office.
via IBM IBV
5G technology is estimated to offer internet access at least 40 times faster than 4G LTE. The Europe 5G infrastructure market was valued at $359.3 million in 2019 and is forecast to reach $42.7 billion by 2027, with a CAGR of 85.1% from 2020 to 2027.
via Allied Research
“The sudden shift to remote work has massively amplified the problem of protecting proprietary information. As companies had to implement remote access technologies fast (or upgrade existing infrastructures) to ensure business continuity, they often fell back on improvisation.”
Hyperscale cloud providers and global network carriers have been building stronger relationships and deeper integrations around SD-WAN and networking solutions. The partnerships are a natural fit as more enterprises move business-critical workloads to cloud platforms.
The network equipment services market reversed direction in 2019, due to positive developments with Network Rollout Services and Consulting Services offsetting reduced demand for Managed Services. According to the latest study, the market is forecast to reach $46 billion in 2024.
via Dell’Oro Group