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.
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.
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.”
Technology, Media and Telecommunication (TMT) — industries that as a whole touch nearly a third of U.S. GDP — have largely stepped in to fill the void caused by social distancing, allowing us to stay connected, shop from home and keep businesses operating.
via Morgan Stanley
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
Edge computing will drive new revenue growth in the telecom sector. Revenue from cloud-edge artificial intelligence (AI) chipset sales will grow from $2.6 billion in 2020 to $12 billion in 2025, at a compound annual growth rate (CAGR) of 36 percent, according to the latest worldwide market study by ABI Research.