“Together, these new smart building solutions will grow at a 32 percent CAGR over the next 8 years to create $2 billion in software and services revenues by 2026, according to the latest worldwide market study by ABI Research.”
According to Juniper Research, the global number of roaming subscribers will reach 1.1 billion by 2024 — that’s rising from 900 million subscribers in 2020. This represents a growth of 28 percent over the next four years.
“While there is a lot to be excited about with 5G, and there are impressive early success stories to fuel that enthusiasm, the road to realizing the full potential of 5G beyond enhanced mobile broadband is a longer-term endeavor, with a great deal of work yet to be done on standards, regulations, and spectrum allocations.”
More than 3.4 million cellular IoT gateways were shipped globally during 2018, at a total market value of approximately $921 million. Growing at a compound annual growth rate (CAGR) of 18.5 percent, annual shipments are expected to reach 8 million in 2023.
There are now 50 commercial 5G networks globally, and that number will increase to 67 by the end of 2019. At the same time, LTE gained an additional 250 million subscriber connections globally in 3Q 2019, to reach ~5 billion total connections.
via 5G Americas
Organizations are already applying edge computing technology to enhance operations and gain real-time insights from their IoT data. Thus, the continued transition toward edge computing is expected to influence the IT strategies of more CIOs and CTOs at forward-thinking companies.
According to a new forecast from GlobalData, the market for EMM software reached $13.3 billion in 2019, a year in which mobile application management caught up to mobile device management in terms of revenues.
via IT Connection