Distributed Fiber Optic Sensor Market Foresees 8.6% CAGR, US$ 3,164 Million by 2033

The market for distributed fiber optic sensor market is anticipated to grow at a robust CAGR of 8.6% between 2023 and 2033, reaching a value of US$ 3,164 million by that time. The increased need to execute efficient sensing operations across numerous industry sectors would increase demand for distributed fiber optic sensors.

Businesses can monitor a wide range of parameters, such as temperature, stress, auditory problems, and many more, thanks to distributed fiber optic sensors (DOFSs). Due to their ability to simultaneously and spatially determine readings along the whole sensing fiber, these sensors are far more advanced.

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Distributed fiber optic sensors are gaining popularity for monitoring seismic activity in geophysical science, perimeter security, borehole, and well activity in the oil and gas industry, and structural health in civil engineering.

Due to the distributed fiber optic sensors’ (DFOS) high functionality, numerous businesses worldwide are putting money into cutting-edge technologies and working to increase their research and development (R&D) efforts. As a result, new products with improved features are created, providing businesses with the opportunity to increase their market share.

The high price of DFOS deployment and installation also motivates businesses to develop more dependable, affordable optic inspection devices. All of these elements are likely to support the expansion of the distributed fiber optic sensor market over the forecasted timeframe.

Key Takeaways from the Distributed Fiber Optic Sensor Market Report:

  • Probable negligence during the installation process may hamper the market prospects.
  • The distributed fiber optic sensor market will account for 25% of the global fiber optics market.
  • India’s distributed fiber optic sensor market will grow at a CAGR of 15.7%.
  • Well-established aerospace, medical, and energy sectors will drive the target market growth in the United States.
  • Distributed fiber sensing technology will gain momentum in the energy industry in Germany.
  • By type, the fiber optic acoustic sensors will gain traction over the projected period.
  • In terms of application, the leakage detection segment will grow at a 12.8% CAGR.

Competitive Landscape:
Key market players are focusing on releasing innovative products with upgraded features. These organizations are also employing tactics like joint ventures, alliances, mergers, and acquisitions.

Leading Key Players:

  • Omnisens SA
  • Sensuron
  • Silixa Ltd.
  • OFS Optics
  • QinetiQ Group plc (OptaSense)
  • VIAVI Sensor Types Inc.
  • AP Sensing
  • LuxPoint Inc.
  • Luna Innovations Incorporated
  • Ziebel AS
  • Bandweaver
  • FISO Technologies Inc.
  • Schlumberger
  • Yokogawa Electric Corporation
  • Halliburton

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Distributed Fiber Optic Sensor Market Segmentation:

By Sensor Type:

  • Distributed Temperature Sensors
  • Distributed Acoustic Sensors
  • Distributed Pressure Sensors
  • Distributed Strain Sensors
  • Others

By Application:

  • Condition Monitoring
  • Intrusion Detection
  • Power Monitoring
  • Leak Detection
  • Others

By Industry:

  • Oil & Gas
  • Civil Infrastructures
  • Industrial
  • Power & Utilities
  • Military & Border Security
  • Transportation
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East and Africa (MEA)

About Future Market Insights (FMI):

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Data Center Substation Market’s Growth Projected at 6.5% CAGR, Envisions US$ 19,634.5 Million Valuation by 2033

The data center substation market is poised for a bright future, with a projected CAGR of 6.5%. By 2033, this industry is expected to reach an impressive valuation of US$ 19,634.5 million.

The data center substation industry has experienced significant growth in recent years, driven by the increasing demand for cloud-based services and the need for reliable power distribution in data centers. As the number of data centers continues to grow, the demand for substation equipment and services is also expected to increase. Moreover, the adoption of renewable energy sources and the need to improve energy efficiency are also driving the growth of this industry.

The data center substation industry also faces several challenges despite the growth opportunities. The high cost of equipment and installation, along with the complexity of the systems, can be a key barrier to entry for new companies. Additionally, the lack of standardization in the industry can also create challenges for companies looking to enter the market.

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There are several opportunities for companies operating in the data center substation industry. The growing demand for data centers and the need for reliable power distribution systems are expected to drive the market. Moreover, the increasing adoption of renewable energy sources and the need for energy-efficient systems is also expected to create new opportunities. Companies that can offer innovative solutions and services are likely to see great growth in this market.

The latest trends in the data center substation industry include the adoption of modular data center designs, which can help companies reduce costs and improve efficiency. The use of artificial intelligence and machine learning is also gaining popularity, as it can help companies optimize power usage and improve overall system performance. Additionally, the increasing focus on sustainability and the use of renewable energy sources is expected to drive innovation in the industry.

Key Takeaways from the Data Center Substation Market:

  • The data center substation market in the United States expanded significantly, with a 24.6% share in 2022.
  • Germany is the world’s fourth notable data center market, accounting for 4.5% of the market in 2022.
  • By 2033, Japan is poised to account for roughly 3.4% of the worldwide data center substation business.
  • Through 2033, Finland’s data center substation demand is estimated to contribute to roughly 13.0% of Europe’s market share.
  • Between 2023 and 2033, India’s data center substation sector is expected to secure a significant 10.3% CAGR rate.
  • In terms of components, switchgear sales are estimated to account for 22.7% of the total data center substation industry share in 2022.
  • In terms of voltage, the segment over 500kV is expected to account for about 34.5% of the market throughout the projection period.

Recent Developments in the Data Center Substation Market:

  • ABB Ltd. launched its new medium-voltage switchgear product named MNS Digital, which offers real-time insights into the performance of power distribution systems.
  • Siemens AG introduced its latest substation automation solution, the SICAM A8000 series, which offers increased efficiency and security in power distribution systems.
  • General Electric Company collaborated with SoftBank Group Corp. to develop a new edge computing solution for the data center industry, aimed at reducing latency and increasing processing speeds.
  • Schneider Electric SE acquired a stake in AutoGrid Systems, a provider of flexible energy management solutions, in a bid to expand its offerings in the energy market.
  • Mitsubishi Electric Corporation developed a new medium-voltage switchgear product named VELVAC, which incorporates IoT technology for improved performance and maintenance.

Major Key Players:

  • Cargill Incorporated
  • Ingredion Incorporated
  • Tate & Lyle Plc.
  • Archer Daniels Midland Company
  • E. I. Du Pont De Nemours and Company
  • Koninklijke DSM N.V.
  • Roquette Freres
  • Südzucker AG Company
  • SunOpta
  • Ajinomoto Inc.,
  • Comet Bio
  • J. Rettenmaier & Söhne GmbH & Co. Kg
  • FMC Corporation

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Data Center Substation Market Segmentation:

By Component:

  • MV/LV Transformers
  • Switchgear
  • Relays
  • Power Distribution Units (PDU)
  • UPS systems
  • Busbars
  • Surge Arrestors
  • Others

By Voltage:

  • 33kV to 110kV
  • 110kV to 220kV
  • 220kV to 500kV
  • Above 500kV

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • The Middle East and Africa

About Future Market Insights (FMI):

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Future Market Insights Inc.
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T: +1-845-579-5705
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Buy Now Pay Later Platform Market: Surge Expected with a Remarkable 22.8% CAGR, Propelling Towards a Whopping US$ 70.9 Billion Industry by 2033

The buy now pay later platform market size is expected to grow from US$ 9.1 Billion in 2023 to US$ 70.9 Billion by 2033, at a CAGR of 22.8% from 2023 to 2033.

E-commerce Market Offers Consumer Diverse BNPL Options

E-commerce expansion has enabled easy access to BNPL options for the customer. Currently, e-commerce consumers have the liberty to choose from a variety of BNPL providers, at varying terms. While the consumer can make retail purchases even in the absence of cash, he/she is also exempted from the burden of paying interest as with credit cards or personal loans.

E-commerce sites are launching promotional offers to lure customers into trying BNPL services. Hence, a consumer can easily buy anything from groceries to furniture through BNPL at e-commerce sites.

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Key Players Should Tap Into Newer Markets

While BNPL enjoys wide popularity in developed regions, untapped markets such as Latin America and Asia Pacific hold huge potential. The lower per capita disposable income could play to the advantage of the BNPL market. The trend of consumerism is rising in these countries. Hence, BNPL platforms could cater to the younger generations that spend the most on e-commerce retail purchases.

Growth in Developing Regions Needs Greater Attention

BNPL providers’ attempts to penetrate developing markets could be hindered by a general lack of awareness about BNPL. Due to lower internet penetration in these regions, the users of BNPL would only be a fraction of the population. Hence, key players need to adopt various strategies to boost internet penetration and awareness of BNPL.

Key Takeaways from the Buy Now Pay Later Platform Market Report:

  • The BNPL market grew at a CAGR of 18.9% CAGR between 2017–2022.
  • the U.K. Buy Now Pay Later Platform market is expected to register a CAGR of around 29.3% between 2023 and 2033.
  • The BNPL platform market in the U.S. is expected to rise at an impressive CAGR of 27.4% during the forecast period
  • During the forecast period, the large enterprises’ segment is expected to grow at a CAGR of 21.4%.
  • The South Korean BNPL market was valued at US$ 1.8 Bn in 2023

Key Players & Startups Target Diverse Sections for Market Growth

Currently, key players and startups are focusing on niche target segments to turn profitable. For instance, India-based Fintech company, SaveIN launched an offline POS installment that caters to loan needs for healthcare. It is known as ‘care now pay later’. Similarly, key players are also attempting to expand revenue through partnerships and acquisitions.

Key Market Developments:

  • In July 2021 Afterpay partnered with Westpac to expand its digital payment services. As a result, Afterpay consumers can now easily keep track of their spending digitally.
  • Mondu, is a buy now pay later platform that caters to ease of payment across marketplaces. The platform specifically focuses on B2B payment modalities.
  • Playter is a startup focusing on harnessing the potential of BNPL for startups and scaleups. This enables businesses struggling for funds to grow quickly. Hence, startups can easily pay their suppliers without waiting for a potential investor with Playter.

Leading Key Players:

  • Klarna Inc.
  • Affirm, Inc.
  • Finflux
  • Fortunesoft
  • Splitit
  • Zip Co Limited
  • Latitude Financial Services

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Buy Now Pay Later Platform Outlook by Category

By Solution:

  • Buy Now Pay Later (BNPL) Software
  • Buy Now Pay Later (BNPL) APIs
  • Services

By Enterprise Size:

  • Small & Medium Enterprises (SMEs)
  • Large Enterprises

By Industry:

  • BFSI
  • Retail & eCommerce
  • Healthcare
  • Media & Entertainment
  • Travel & Tourism
  • Automotive
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East and Africa (MEA)

About Future Market Insights (FMI):

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Nandini Singh Sawlani   

Future Market Insights Inc.
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T: +1-845-579-5705
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Content Delivery Network (CDN) Market Poised for 20.8% CAGR, Valued at US$ 155,461.3 Million by 2033

The global content delivery networks (CDN) market is projected to achieve a valuation of US$ 155,461.3 Million by 2033, demonstrating a CAGR of 20.8%. This signifies a substantial surge compared to the anticipated worth of US$ 23,429 million in 2023. 

The increasing demand for high-quality online content and fast and reliable delivery across various devices and platforms drives the market. More users consume content through streaming services, online gaming, and e-commerce platforms. The importance of CDNs in delivering content quickly and efficiently has grown exponentially.

The growing Internet use for data and media transmission drives the global expansion of content delivery network solutions and services. Consumer interest in entertainment through video-on-demand (VOD) and (Over-the-top) OTT platforms has also contributed to this trend.

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Gaming companies are increasingly investing in CDNs to enhance the user experience. The rise in internet and smart device usage generates massive data daily, requiring intelligent management. Web performance optimization solutions aim to minimize latency. The success of these solutions is likely to drive up demand from leading retailers and the media and entertainment industries.

The e-commerce industry continuously adjusts to align with evolving consumer behaviors. CDN solutions are effectively utilized in e-commerce to ensure efficient operations and enable customers to access essential information for well-informed purchasing decisions.

The rise of mobile devices and the increasing adoption of 5G technology have also created market opportunities. With the expansion of 5G networks, users expect faster download and streaming speeds on their mobile devices. CDNs are crucial in optimizing mobile network content delivery and improving overall performance.

CDNs provide more than just improved video content and streaming performance. CDNs also offer strong security measures and exceptional scalability. These benefits are achieved through reduced data storage costs and outsourced content management. Furthermore, the increased demand for e-learning and remote work opportunities has resulted in a significant surge in the utilization of CDNs.

The transition from traditional television to cellular network-based video content delivery has resulted in the implementation of CDN solutions in this area. The implementation of CDN solutions aims to improve content delivery in cellular network-based video content delivery.

The adoption of IoT networks and artificial intelligence in various industries has prompted market players to develop and promote industry-specific CDN solutions. Industry-specific CDN solutions are customized to meet specific requirements.

The cloud computing boom presents significant opportunities for the CDN market. CDN services are necessary to migrate applications and data to the cloud. CDNs ensure efficient content delivery from cloud servers to end-users. CDNs help reduce bandwidth costs. They improve scalability for cloud-based applications. CDNs also provide a better user experience for cloud-based applications. 

Key Takeaways from the Content Delivery Network (CDN) Market Report: 

  • The content delivery network industry in the United Kingdom is anticipated to rise, exhibiting a CAGR of 18.5% through 2033. 
  • The United States held a 19.3% share of the global content delivery network industry in 2022. 
  • With a CAGR of 24.5% over the forecast period, India is predicted to develop rapidly in the content delivery network industry. 
  • In 2022, Japan had a 7.6% share of the content delivery network industry globally 
  • The content delivery network industry in China is expected to increase, registering a CAGR of 21.3% over the forecast period. 
  • Germany accounted for 14.4% of the global content delivery network industry in 2022.

Competitive Landscape in the Content Delivery Network Market:
Key players are employing several strategies to gain a competitive edge. They are focusing on expanding their global network infrastructure to ensure wider coverage and faster content delivery across various regions. Additionally, these players are investing in advanced technologies to optimize content delivery and enhance user experience. Moreover, they are offering value-added services to address evolving customer needs. Collaborations, partnerships, and acquisitions are also common strategies to strengthen market presence and broaden service offerings. Lastly, they are adopting eco-friendly practices and green technologies to minimize the environmental impact of CDN operations.

Leading Key Players:

  • Akamai Technologies Inc.
  • CloudFlare Inc.
  • Microsoft Corporation
  • CenturyLink
  • Limelight Networks Inc.
  • CDNetworks Co. Ltd.
  • Orange S.A.
  • AT&T
  • Deutsche Telekom AG
  • StackPath LLC

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Recent Developments by Key Players:

  • Bharti Airtel introduced Edge CDN in September 2022 as a part of its Edge Cloud Portfolio. This marked Bharti Airtel’s entry into the content delivery network (CDN) market. To implement Edge CDN, the telecommunications company partnered with Qwilt. Qwilt is a CDN enabler. 
  • Zenlayer announced a partnership In July 2022 to establish Zenlayer’s newest Point of Presence (PoP) in India. It is going to be situated at Yotta NM1, the sole Tier IV data center in India with Uptime Institute certification. This partnership aims to provide users with Bare Metal Cloud and Content Delivery Network (CDN) services. 
  • Limelight Networks, Inc., a renowned CDN service provider, publicized the addition of GraphQL functionality to its offerings in December 2021. This functionality was added to its Layer0 by the Limelight web application CDN. The incorporation of this new feature allows Limelight to strengthen its position in the web application CDN market.

Content Delivery Network (CDN) Market Segmentation:

By Service:

  • Designing, Testing, and Deployment
  • Software-as-a-Service
    • Bundled Suites
    • Individual Modules
      • Digital Rights Management
      • CDN Delivery
      • CDN Analytics & Monitoring
      • Transparent Caching
      • Others
  • Managed Services
  • Consulting Services

By Application:

  • Media Distribution/Delivery
  • Software Distribution/Delivery
  • Website Caching
  • Others

By Vertical:

  • Media & Entertainment
  • e-Commerce
  • IT & Telecom
  • Healthcare
  • Government
  • Advertisement
  • Others

By Service Provider:

  • Telecom CDNs
  • Conventional CDNs
  • Others

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • South Asia & Pacific
  • East Asia
  • The Middle East & Africa (MEA)

About Future Market Insights (FMI):

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
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T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
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Security Operation Centre as a Service Market Sees Promising Growth with 10.90% CAGR and US$ 19.7 Billion Valuation by 2034

In 2023, the security operation centre  as a service market is expected to be worth US$ 6.3 billion. The sector is expected to be worth US$ 7 billion by the end of 2024. The global market for security operation center as a service is estimated to grow at a 10.90% CAGR during the forecast period, reaching US$ 19.7 billion by 2034.

Security operation centre as a service are becoming more important as IT systems become more complex, encompassing cloud infrastructure, IoT devices, and various application landscapes. Organizations need comprehensive security solutions that can effectively monitor and safeguard their changing digital environments.

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Key Takeaways from the Market Analysis

  • The market for security operation centre as a service garnered a 9% CAGR throughout the historical period.
  • Throughout the projected period, the security operation centre as a service market in the United States is expected to rise at a 8.80% CAGR.
  • Japan market for security operation centre as a service is likely to develop at a 10.40% CAGR between 2024 and 2034.
  • Security operation centre as a service market will rise at a 12.20% CAGR in Germany over the course of the projected period.
  • From 2024 to 2034, the security operation centre as a service market in China is anticipated to expand at a 11.50% CAGR.
  • Over the course of the projected period, the security operation centre as a service market in Australia is likely to propel at a rate of 14.50% CAGR.
  • By 2024, the BFSI category by industry type is predicted to have a 25% market share.
  • By 2024, the large enterprise sector is expected to hold 62% of the global market by enterprise size.

“Global cyber risks are increasing the need for security operation centre as a service. Stringent data protection rules, along with the increasing complexity of IT infrastructures, are also driving the development of security operations center as a service for complete and compliance cybersecurity solutions,” – says Sudip Saha, Managing Director and Co-Founder at Future Market Insights.

Competitive Landscape

To increase profitability, companies within the security operation center as a service industry are integrating cutting edge technology. AI and machine learning (ML) play critical roles in enhancing threat detection along with response capabilities, resulting in proactive cybersecurity solutions.

Automation technologies simplify processes by lowering costs and increasing efficiency. Scalability and flexibility are enabled by cloud based solutions, which cater to the ever changing cybersecurity scenario. The use of sophisticated analytics as well as threat intelligence enables security operation center as a service providers to deliver complete and adaptable security services, resulting in revenue growth.

Key Developments

  • In 2023, IBM and Palo Alto Networks announced that their strategic relationship would be expanded to better assist clients to enhance their end to end security postures and overcome changing security threats. Palo Alto Networks, a global cybersecurity leader, will join a limited group of key IBM Consulting partners, and IBM Consulting will be Palo Alto Networks’ top security services partner.
  • In 2023, Check Point® Software Technologies Ltd. announced a significant upgrade to its Check Point Infinity Global Services package. Businesses need more sophisticated tools and knowledge for managed network security, secure cloud migration, and managed detection and remediation (MDR) services. The millions of open cybersecurity jobs worldwide and the unparalleled surge in cyberattacks highlight this demand. Check Point extends Infinity Global Services with new managed security services spanning networks, cloud, and security operations in this context.

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More Valuable Insights Available:

Future Market Insights offers an unbiased analysis of the global security operation centre as a service market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the global security operation centre as a service market, the market is segmented on the basis of threat type (advanced persistent threats, insider threats, distributed denial of service attacks, malware & ransomware, phishing & social engineering attacks, others), service type (prevention service, detection service, incident response service), offering (fully managed, co managed), application (network security, cloud security, endpoint security,application security, others), enterprise size (large enterprises, SMEs), industry (BFSI, healthcare, it & telecommunications, retail & consumer goods, media & entertainment, transportation and logistics, government, manufacturing, others) and region (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, and the Middle East & Africa).

Leading Key Players:

  • Thales
  • AT&T
  • IBM CORPORATION
  • Check Point Software Technologies
  • Atos SE
  • Arctic Wolf Networks
  • CloudFlare Inc.
  • Verizon
  • Fortinet Inc.
  • NTT

Segmentation Analysis of the security operation center as a service Market

By Threat Type:

  • Advanced Persistent Threats (APTS)
  • Insider threats
  • Distributed Denial of Service (DDOS) attacks
  • Malware and ransomware
  • Phishing and social engineering attacks
  • Others

By Service Type:

  • Prevention service
  • Detection service
  • Incident response service

By Offering:

  • Fully managed
  • Co-managed

By Application:

  • Network security
  • Cloud Security
  • Endpoint Security
  • Application Security
  • Others

By Enterprise Size:

  • Large Enterprises
  • SMEs

By Industry:

  • BFSI
  • Healthcare
  • IT and Telecommunications
  • Retail and Consumer Goods
  • Media and Entertainment
  • Transportation and Logistics
  • Government
  • Manufacturing
  • Others

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • South Asia and Pacific
  • East Asia
  • The Middle East and Africa

About Future Market Insights (FMI):

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Motor Monitoring Market: Fueled by an Impressive 8.3% CAGR, Eyes US$ 5.5 Billion Valuation by 2033

The motor monitoring market is projected to grow significantly in the coming decade. By 2033, it is anticipated to have a total market value of US$ 5.5 billion, compared to its current value of US$ 2.5 billion in 2023. This growth is expected to occur at a steady pace, with an estimated CAGR of 8.3% between 2023 and 2033.

The trend in the automotive industry toward automated systems has mandated the use of a motor monitoring system. In addition, the need for motor monitoring systems has grown as the demand for efficient working systems has increased for greater performance and fuel efficiency.

Motor monitoring sensors are widely used in airplanes, buses, cranes, and trucks in the aerospace industry. The seamless integration of autonomous Electric motors in aerospace and aviation is optimistic for market expansion.

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Initiatives to modernize existing power infrastructure to fulfill global energy demand have boosted the global adoption of the motor control market. The increased use of predictive maintenance and other motor monitoring modules prompts businesses to hire a data analysis staff. To obtain accurate information on the health of motors, this team should be well-versed in motors as well as their operation in a specific machine.

As a result, the indirect cost to businesses will rise. During the forecast period, the scarcity of skilled professionals at reasonable prices is the primary factor limiting motor monitoring market growth.

“In recent years, the automotive industry has witnessed a revolution in the accelerated adoption of electric vehicles in both advanced and developing countries, which will necessitate the use of motor monitoring systems.”, says Sudip Saha, Managing Director and Co-Founder at Future Market Insights.

Key Takeaways from the Motor Monitoring Market Report:

  • The popularity of hardware is anticipated to remain high over software and services during the forecast period.
  • Mission-critical applications are rising, which prompts a high adoption of online motor monitoring systems.
  • Environmental repercussion from manufacturing plant failure makes the oil and gas industry a prominent end user.
  • In 2020, North America accounted for 33.7% of the motor monitoring market share. The regional market encompasses the United States, Canada, and Mexico. An increase in demand for electric vehicles (EVs) and increased investment in infrastructure development in various end-user industries of motor monitoring are supporting the region’s growth.

Competitive Landscape

Novel solution offerings and predictive analytics integration are the key drivers facilitating innovation in the motor monitoring system market through product differentiation. There are several key companies in the motor monitoring market, including ABB Group and Siemens AGThe following are recent market developments:

Product launch, product development, collaboration, partnership, and other market tactics are used by organizations to increase the motor monitoring market share.

In 2020, utilities in North America invested around USD 85 billion in power generation infrastructure and USD 246 billion in oil and gas activities, according to the International Energy Agency’s World Energy Investment 2021 report.

According to LMC International, EV and hybrid sales in North America are predicted to account for 7% and 20% of total automobile sales by 2030, respectively.

  • General Electric announced CONNECTIX, a software package and expert services, in March 2021. It covers tools and solutions for operations, maintenance, and services that help to improve operations and enable predictive maintenance and cyber-secure service solutions.
  • Siemens and Empolis signed a collaboration agreement in September 2021 to digitalize and organize organizational knowledge for drive systems. With the support of Empolis Intelligent Views Platform knowledge graphs, Siemens and Empolis have strengthened the foundation for insight generation in SI-DRIVE IQ.
  • Södra awarded ABB a contract in August 2020 to supply 70 ABB Ability Smart Sensors to assess the vibrations and performance of several motors installed on a pulp dryer.

Leading Key Players:

  • ABB Group
  • Siemens AG
  • Honeywell International Inc.
  • National Instruments Corporation
  • General Electric Company

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Motor Monitoring Market Key Segment:

By Deployment Type:

  • On-premise
  • Cloud

By Monitoring Process:

  • Online
  • Offline/Portable

By End User:

  • Automotive
  • Oil & Gas
  • Metals and Mining
  • Power Generation
  • Water and Wastewater Treatment
  • Food & Beverages
  • Chemicals

By Offering:

  • Software
  • Hardware
  • Services

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • The Middle East & Africa

About Future Market Insights (FMI):

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Composable Disaggregated Infrastructure Market: Surging Towards a Staggering US$ 40.8 Billion by 2033

The composable-disaggregated infrastructure market revenue would be US$ 2.8 billion in 2022. The whole market is predicted to reach US$ 40.8 billion by 2033, growing at a CAGR of 27.8% between now and then.

According to the analysis, the market would be worth US$ 2.2 billion by the end of 2021 and US$ 22.7 billion by 2031. According to FMI, rapid technological improvements in the data center business have offered opportunities for the implementation of composable/disaggregated infrastructure.

Composable disaggregated infrastructure has become critical in increasing usage and productivity, hence fueling market growth.

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Various data center manufacturers are establishing offices or boosting their product sales in various nations. Key players with the purpose of developing their business in terms of value are strengthening their presence in the region, owing to the presence of a huge unmet client base and strong growth potential.

As a result, the usage of composable disaggregated infrastructure is expanding as data center firms increase their spending.

  Key Takeaways of Composable/Disaggregated Infrastructure Market

  • By component segment, the disaggregated hardware is anticipated to account for the leading share in the global Composable/disaggregated infrastructure demand during the forecast period. The segment is estimated to grow at a robust CAGR of 27.0% through 2031.
  • Demand for composable/disaggregated infrastructure in small and medium enterprises (SMEs) is expected to rise at a maximum pace as these organizations continue adopting composable/disaggregated infrastructure solutions and cloud-based solutions for better ROI.
  • Demand for composable/disaggregated infrastructure among enterprises and cloud providers is estimated to grow at impressive CAGRs. Of these, cloud provider is expected to account for the leading share in composable/disaggregated infrastructure sales forecast during the forecast period.
  • The U.S. is expected to lead the market followed by the U.K. and Germany in 2021.
  • Australia and New Zealand are anticipated to emerge as the fastest growing region between 2021 & 2031.
  • The market in India is expected to progress at a CAGR of 36.8% through 2031.
  • In the GCC Countries, sales are expected to increase at a CAGR of close to 33% over the next ten years.

COVID-19 Impact Analysis on Composable/Disaggregated Infrastructure Market

The health concerns are increasing around the world and causing significant business impact due to the ongoing COVID-19 pandemic particularly when it comes to delivering data. IT operations associated with data centers were drastically disrupted during this pandemic.

Physically moving servers, closing buildings, and opening a new space, is massively more complicated in the COVID-19 world. However, the pandemic has forced organizations to adopt digitalization, as there is increasing demand for remote working calls for increasing mobilization of cloud computing to cope with the increasing demand for data.

Hence, the pandemic has accelerated the digital transformation and understand the value and role of data centers in the face of global disruptions.  Countries have experienced exponential growth in data demand.

This pandemic has underscored the importance of digital technology and data centers and has increased the adoption of servers during the pandemic. It is also expected to witness significant growth during and post-pandemic era.

Thus, the demand for composable/disaggregated infrastructure is estimated to grow around 21% to 24% Y-o-Y from 2019 to 2021.

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Deployment of 5G Network Will Generate Demand for Composable Solution

Fifth-generation (5G) cellular network technology is not only limited to providing speedier content downloads, but it is capable of transforming the way people conduct their day-to-day activities and business from the Internet of Things (IoT) to Artificial Intelligence (AI).

5G plays a vital role in improving economic growth and several countries are planning to adopt 5G technologies to transform their existing business processes. Increasing implementation of 5G networks across the globe will increase the demand for composable solutions.

This is due to the increased power and processing requirements of 5G infrastructure which will create the need for highly efficient and reliable power systems that can tolerate heavy loads. The modular and highly efficient composable solution can perfectly fulfill this need of the 5G technology.

Leading Key Players:

  • Hewlett Packard Enterprise
  • Cisco Systems Inc.
  • Dell EMC
  • Ericsson
  • DriveScale, Inc. (Twitter)
  • Wiwynn
  • Liqid Inc.
  • Fungible, Inc.
  • TidalScale

More Valuable Insights on Composable/Disaggregated Infrastructure Market

FMI’s report on the composable/disaggregated infrastructure industry research is segmented into four major sections – component (disaggregated hardware, composable software, services), enterprise size (small and medium enterprises (SMEs) and large enterprises), end user (cloud providers, colocation provider, enterprises), and region (North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa), to help readers understand and evaluate lucrative opportunities in the composable/disaggregated infrastructure demand outlook.

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Composable-Disaggregated Infrastructure Market Segmentation:

By Component:

  • Disaggregated Hardware
  • Composable Software
  • Services

By End Users:

  • Cloud Providers
  • Colocation Providers
  • Enterprises

By Enterprise Size:

  • Small and Medium Enterprises (SMEs)
  • Large Enterprises

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East and Africa (MEA)

About Future Market Insights (FMI):

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

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Future Market Insights Inc.
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Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Bioprocess Technology Market: Surging at a Remarkable 15.1% CAGR, Forecasts US$ 106.1 Billion Revenue by 2033

The Bioprocess Technology Market is estimated to grow at a CAGR of 15.1% from 2017 to 2023, when it is expected to reach US$ 25.9 billion. By the end of 2033, it is anticipated to produce US$106.1 billion in revenue.

The global Bioprocess Technology Market is anticipated to register an opulent growth opportunity with an exceptional CAGR of 15.2% during the forecast period from 2021 to 2031. The global bioprocess technology market was valued at US$ 17.3 Bn in 2020 and is projected to generate a revenue of US$ 81.2 Bn by the end of 2031. The growth of the market is attributed to the widespread consumer awareness regarding bioprocess technology on the rise and companies focusing on the launch of next-generation bioprocess products and engaging synergistic approaches for distribution and manufacturing through various market consolidation activities.

According to the analysis conducted by Future Market Insights (FMI), the global bioprocess technology market was valued at US$ 17.3 Bn in 2020. The surging focus on alternative medicines and preventive measures combined with ongoing advances in bioprocess technology is driving current sales figures. Increasing expansions and product launches within emerging markets are driving growth in the market. The prominent market players are focusing on the expansion of their manufacturing capabilities with high flexibility and rapid operations. Key market players are also emphasizing the development and launch of next-generation bioprocess products. This is anticipated to not only work favorably for sales of bioprocess technology but also auger the growth in the overall fermentation technology market.

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The present bioprocess product-development pipeline supports an outlook of continued healthy growth. The prominent bioprocess technology and bioprocess analyzer market players are concentrating on new product launches and implementing advanced technology to their present products. Future Market Insights expects the global bioprocess technology market to grow at a CAGR of 15.2% over the forecast period by 2031-end.

Key Takeaways

  • The major factor attributing to the preference for the single-use (disposable) bioreactor in the bioprocess industry is the production of different biopharmaceutical therapeutics, using the same facility, in minimum time and with minimum cost.
  • The increasing demand for personalized treatment for diseases like cancer is predicted to surge the demand for bioprocess therapies like cell therapy. The reduced cost of genetic sequencing shortly has enabled the production of personalized treatment plants and targeted therapies which are proven to be more effective than less-specific therapies as they ensure to divert their focus on a patient’s genetic and molecular makeup.
  • Technologically advanced techniques for process intensification are also being drastically applied to biosimilar manufacturing. The increasing usage of biosimilars in developed countries of Europe and the United States is anticipated to bolster the speed of the bioprocess technology adoption for rapid production of biosimilars.
  • Favorable government policies for various start-up companies specifically in developing countries are anticipated to create impressive opportunities for the market players in order to invest in the bioprocess technology market.
  • Mergers and acquisitions along with the expansion of manufacturing facilities all over the world are expected to bode well for the market across the projection period. Introducing advanced bioprocess products in order to leverage untapped market opportunities will remain a prominent growth driver over the forthcoming years.

Competitive Landscape:

The bioprocess technology market players are predominantly aiming at strategic expansions in order to consolidate growth in the competitive market. The higher the demand for bioprocesses products, the stronger the pipeline, which is anticipated to lead to a phenomenal increase in demand over the global market. Major industry players are focusing on the launch of next generation biotherapeutics to treat serious life-threatening diseases.

More Insights into the Bioprocess Technology Market

In 2021, the U.S. was estimated to account for the maximum revenue of the total market share in the North American region over 89.6%. The dominance of the North American region continues to bestow over the forecast period driven by increasing requirements of upstream equipment. Increased living standards, health consciousness, and increasing disposable incomes are boosting the demand for effective treatments with minimal side effects.

The U.K. market is predicted to exhibit around 12.4% CAGR over the assessment period owing to the use of single-use technologies, personalized treatment of rare diseases, and increased use of biosimilars had led to the rise in the demand for bioprocess technology.

The Indian bioprocess technology market is predicted to surge at an opulent CAGR of 18.6% during the forecast period. It has been anticipated to account for a market share of approximately 52.4% in the South Asian region. Primary factors supporting the growth of India’s bioprocess technology market comprise the production of biopharmaceuticals like recombinant proteins and vaccines.

Leading Key Players:

  • Thermo Fisher Scientific Inc
  • Sartorius
  • Merck Kga
  • Danaher Corporation (Pall Biotech and Cytiva)
  • Merck KgaA
  • STADA Arzneimittel AG
  • Danaher Corporation
  • Applikon Biotechnology B.V. (Getinge)
  • Lonza AG, Bio-Rad Laboratories
  • Agilent technologies
  • Solida Biotech GmBH
  • Waters Corporation

Bioprocess Technology Market by Category

By Product:

  • Upstream Equipment
    • Cell culture development products
      • Cell line development products
      • Cell Lines
      • Media, Sera, and other additives
      • Cell line development kits
  • Lab-scale Bioreactors
    • Continuous Stirred Tank Bioreactors
    • Bubble Column Bioreactors
    • Airlift Bioreactors
    • Fluidized Bed Bioreactors
    • Packed Bed Bioreactors
    • Photo-Bioreactors
  • Scale-up and production products
    • Cell culture media and feeds
    • BioProcess Containers & Fluid Transfer Solutions
      • Single-use
      • Reusable
  • BioReactors
    • Single-Use Bioprocess Equipment
    • Continuous Bioprocess Equipment
    • Real-Time Bioprocess Equipment
  • Harvest and collection
    • Harvest and separation products
    • Centrifuges for bioprocessing
    • Storage & Transport Products
    • v. Production Tanks and Drums
    • v. Outer Support Containers
  • Testing Products
    • Cell Counters & Viability Analysis Systems
    • Contamination & impurity testing products
  • Probes and Accessories
  • Downstream Equipment
    • Downstream purification
      • Chromatography Instruments
      • Chromatography Columns
      • Others (Resins and accessories)
    • Buffer preparation and supply
      • Reagents
      • mixing systems
  • Process analytical testing
    • Host cell residual DNA quantitation
    • Protein quantitation
    • Microbial identification
    • Others
  • Probes and Accessories

By End-User:

  • Biotech / Biopharmaceutical Companies
  • CDMO / Contract Research Organization
  • Research / Academic Institutes

About Future Market Insights (FMI):

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
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Smart Fitness Market Achieves US$ 46,934.8 Million with 12.4% CAGR by 2033

The worldwide smart fitness market revenue will reach US$ 46,934.8 million by 2033. The entire smart fitness market is estimated to develop at a CAGR of 12.4% between 2023 and 2033. The increased demand for smart fitness product features such as tracking heart rate, workout time, distance traveled, and calories burned provided by smart fitness watches and fitness trackers is expected to drive smart fitness product sales.

The use of smart wearables has expanded as a result of the COVID-19 outbreak. Digital fitness is growing in popularity around the world as people’s awareness of health and wellness improves. Smart fitness gadget sales account for roughly 30% of worldwide digital fitness device sales.

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More individuals are turning to at-home fitness, which is fuelling demand for wearable devices equipped with modern technology to improve individual performance and exercise. As a result, consumer interest in smart fitness trackers and smart fitness band watches is increasing. Sales of smart fitness devices in the United States are predicted to grow at an outstanding CAGR throughout the forecast period. Because of the broad consumer base and the presence of significant competitors, the demand for smart fitness is expanding in the United States.

Key Takeaways from the Smart Fitness Market Report:

  • Between 2023 and 2033, sales in India are expected to grow at an excellent rate of roughly 18.5% CAGR.
  • In 2022, the smartwatches segment held a 20.1% share of the overall market.
  • South Asia is expected to grow rapidly in the market, with a CAGR of almost 18% over the forecast period.
  • The market increased at a CAGR of 10.3% over the last five years (2018 to 2022).
  • Smart fitness demand in Japan and South Korea is expected to expand at a CAGR of 13% and 15%, respectively, between 2023 and 2033.

Competitive Landscape:

  • According to a news published on June 1, 2023, English Premier League football player Harry Kane is currently the newest athlete to put money in OxeFit, an at-home fitness gadget powered by machine learning. The company, OxeFit has already raised more than US$ 45 million in total capital, and its sales have climbed 200% year over year.
  • Based on an article released on May 1, 2023, The Exercise Coach in Virginia is being promoted as the state’s foremost AI-enabled gym. The Virginia smart studio employs bio-adaptive robotic exercise gear that produces and adapts workouts based on a person’s level of fitness.

Leading Key Players:

  • Fitbit
  • Pebble Inc.
  • Adidas
  • Samsung Electronics
  • Sony Corporation
  • Shanda Group
  • Nike Inc.
  • Xiaomi
  • Garmin International
  • Jawbone

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More Valuable Insights:

Future Market Insights, in its new offering, presents an unbiased analysis of the global smart fitness market presenting a historical analysis from 2018 to 2022 and forecast statistics for the period of 2023 to 2033.

The study reveals essential insights By Component (Smart Accessories, Strength Training Equipment, Cardiovascular Equipment), Smart Accessories (Smart Watches, Smart Bands, Activity Trackers, Heart Monitor, and Pedometer), and region.

Smart Fitness Market Segmentation:

By Component:

  • Smart Accessories
  • Strength Training Equipment
  • Cardiovascular Equipment
  • Cross-training Equipment

By Smart Accessories:

  • Smart Watches
  • Smart Bands
  • Activity Trackers
  • Heart Monitor
  • Pedometer
  • Sleep Quality Monitor

By Region:

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • Middle East & Africa

About Future Market Insights (FMI):

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
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5G IoT Market: Projected to Achieve a Robust CAGR of 31.1%, Estimated to Reach US$ 55.1 Billion by 2033

The 5G IoT market is expected to be worth US$ 3.6 billion in 2023, and it’s anticipated to grow to US$ 55.1 billion by 2033. This represents a significant annual growth rate of 31.1% from 2023 to 2033.

The popularity of 5G IoT is notably growing among consumers, driving the global market. The increasing demand for enhanced connectivity with advanced technologies is expanding the 5G IoT market revenue.

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A few of the factors contributing the global market growth are as follows:

Enhanced Connectivity: The demand for 5G IoT is significantly growing due to offering fast data connection, low latency, and enhanced capacity. It provides seamless connectivity, transmits real-time data, and efficiency. Consumers are widely increasing the adoption of these technologies to work effectively and do their daily tasks quickly.

Expanding Internet of Things: Consumers are increasingly adopting smart devices, connected cars, smart homes, and wearable devices integrated with the Internet of Things. These essential devices are reliable, connected to high-speed internet, and work smoothly. Consumers are attracted to these devices and are expanding the Internet of Things.

Industrial Application: End-use industries such as healthcare, agriculture, automation, transportation, and manufacturing drive the global market. These industries are increasing the adoption of 5G IoT to improve automation, productivity, and efficiency to reduce costs.

Improved User Experience: The adoption of 5G IoT offers seamless connectivity and better consumer experiences. Consumers enhance their experience through online streaming, downloading, fast connectivity, and connecting devices. It results in satisfying consumers’ desires.

Growing Ecosystem and Innovation: The popularity of 5G IoT is significantly growing among device manufacturers, technology providers, and service providers. The rising innovations, launching new products, and deploying the Internet of Things continue to propel the global market.

Key Takeaways from the 5G IoT Market Report:

  • The 5G IoT market is registered to capture a valuation of US$ 55.1 billion with a CAGR of 31.1% during the forecast period.
  • Historically, the market secured a valuation of US$ 998.5 million with a CAGR of 29.2% between 2018 and 2022.
  • The United States is leading the global market by securing a maximum share of 15.4% by 2033.
  • With a share of 10.2%, Germany is significantly driving the global market during the forecast period.
  • Japan is estimated to register a share of 5.4% in the global market by 2033.

Leading Key Players:

  • China Mobile
  • AT&T
  • Verizon
  • T-Mobile
  • Vodafone
  • Orange
  • Telefonica
  • Deutsche Telekom
  • Ericsson
  • Huawei

Recent Developments in the Global Market:

Ericsson is a telecommunication company that offers advanced 5G IoT services to various end-use companies. They offer high-speed internet, advanced technology solutions, and enhanced consumer experiences.

Nokia focuses on developing their product and services by collaborating with industry partners. They offer their services to the manufacturing, transportation, and energy sectors.

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5G IoT Market Segmentation:

By Component:

  • Hardware
  • Platform
  • Connectivity
  • Services
    • Professional Services
    • Managed Services

By Network Type:

  • 5G Standalone
  • 5G Non-Standalone

By End User:

  • Manufacturing
  • Healthcare
  • Energy and Utilities
  • Automotive and Transportation
  • Supply Chain and Logistics
  • Government and Public Safety
  • Agriculture
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • The Middle East and Africa

About Future Market Insights (FMI):

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
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