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B2B Virtual Cards with a CAGR of 12.1% Drives the Virtual Cards Market Expansion

virtual

B2B Virtual Cards with a CAGR of 12.1% Drives the Virtual Cards Market Expansion

The Virtual Cards Market revenues were estimated at US$ 338 Bn in 2021 and is anticipated to grow at a CAGR of 12.2% from 2022-2032, according to a recently published Future Market Insights report. By the end of 2032, the market is expected to reach a valuation of US$ 1.3 Tn.  

The need for virtual cards is increasing as more people use digital platforms and online payment methods. Furthermore, virtual cards are critical for facilitating B2B payments. Business resources can be accessed from anywhere and at any time due to their greater flexibility and simplicity. They also provide a dependable and scalable dealer payment system, mainly for international transactions. 

Retailers are adopting payment processing technologies to offer customers flawless checkout experiences as their preference for online shopping grows throughout the world. Payment gateway systems are in high demand among retailers since they make payments more convenient. Payment gateways are also utilized for in-store purchases, allowing customers to pay with their cellphones or over the internet. One of the most inherent benefits of virtual cards is their ability to provide additional security. Virtual cards, unlike actual cards, cannot be reported stolen. Individuals and corporations have found virtual cards to be an appropriate payment instrument for completing safe transactions while also improving expenditure visibility and transparency. 

Large retail shops are increasingly requesting digital payment solutions to allow their consumers to perform transactions while preserving social distance. Retailers employ digital payment methods including smart banking cards, point-of-sale systems, and e-wallets to shorten checkout times. At the same time, businesses are working on offering customers novel payment options. 

Competitive Landscape 

The leading players in the global Virtual Cards market are BTRS Holdings, Inc.; Fraedom Holdings Limited; JPMorgan Chase & Co.; Marqeta, Inc.; Mastercard; and Skrill USA, Inc. 

·       In October 2020, Aliant Payments announced the expansion of XRP, an open-source alternative digital asset, to its CryptoBucks crypto payment phone app enabled by Aliant Payments. XPR would be accessible as a mobile app including both Android and iOS. 

·       In July 2020, ParkMobile, a parking solutions company, announced an agreement with EasyPark, a facilities services company. The previous firm facilitated contactless payments across Vancouver as a result of this collaboration. 

More Insights Available 

Future Market Insights, in its new offering, presents an unbiased analysis of the Virtual Cards Market, presenting historical market data (2015-2021) and forecast statistics for the period of 2022-2032. 

The study reveals extensive growth in the Virtual Cards Market in terms of Product Type (B2B Virtual Cards, B2C Remote Payment Virtual Cards, B2C POS Virtual Cards), and Deployment Type (Consumer Use, Business Use, Others), across five regions (North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa). 

About ICT at Future Market Insights 

Future Market Insights’ highly educated Information Technology and Communication team provides insightful research, real-time insights, and effective suggestions to customers all over the world with their relevant business intelligence requirements. For over a decade, the team successfully examined the Information Technology business throughout 50+ nations, with a repertory of over a thousand studies and 1 million-plus data points. The group offers unrivaled end-to-end research and advisory expertise. Please contact us to see how we can assist you. 

wafers market

The Wafer Inspection Market is Expected to Grow at a Sturdy CAGR of 10.6% by 2032

The wafer inspection market is expected to grow at a sturdy CAGR of 10.6% during the forecast period. The valuation of US$ 3598.2 million as of 2022 is expected to jump to nearly US$ 9867.7 million by 2032.

Mammoth increase in the growth of the semiconductor industry, along with the surging demand to maintain intact quality of products is expected to upsurge the sales of Wafer inspection.

The requirement for integrated circuits is increasing globally, with the introduction of new electrical products functioning on integrated circuits. This, in direct proportion, increases the demand for wafers. For better and efficient functioning of wafers, timely checks of these wafers are required.

Henceforth, to administer the proper functioning and increase the life of wafers, there is a need for a wafer inspection system market. The principles used for detection by wafer inspection systems are – patterned wafer inspection systems & Non-patterned wafer inspection systems.

Wafer inspection system, as a market has gained power in recent times due to their applications in various sectors such as the industrial segment, consumer electronics, and automation. Wafer Inspection Systems have their major applications in the consumer electronics segment, as the use of wafers and integrated circuits lies in that field.

Wafer Inspection System Market: Drivers and Restraints

The primary driver for the wafer inspection system market is the increasing adoption and introduction of new electrical gadgets such as smartphones, laptops, tablets, wearables, LCDs, LEDs, etc., as it directly increases the demand for wafer inspection systems. Moreover, the advantages attained such as longer wafer life, timely detection of defects and enhanced performance encourage the adoption of wafer inspection systems.

In addition to this, the emerging manufacturers with new technological innovations, in North America and Europe drive the global wafer inspection system market.

The trend of miniaturization in wafer manufacturing is compelling wafer inspection system providers to upgrade their offerings. This is acting as one of the major restraints for the wafer inspection system market. Additionally, the limited availability of manufacturers and resources also acts as a challenge for the global wafer inspection system market.

Global Wafer Inspection System Market Technology Regional Overview

APAC dominates the global wafer inspection system market due to the presence of the majority of its manufacturers in the respective region. Because of the technological advancements made, in the same, North America and Europe are expected to follow APAC in the global wafer inspection system market.

Competitive Landscape

To widen their presence, the key players in the wafer inspection market are looking to expand their operations across countries. This will enable the host country by purchasing the device at a relatively lower cost, and even the quality will not be compromised.

  • In June 2022, Hitachi Hightech Corporation announced the launch of Hitachi Dark Field Water Defect Inspection System DI2800, which is believed to be a crucial component to develop a semiconductor manufacturer’s metrology capabilities.
  • In July 2022, NXP Semiconductors announced that it signed a memorandum of understanding with Foxconn to jointly develop platforms for a new generation of smart connected vehicles. The partnership will leverage NXP’s portfolio of automotive technologies and its longstanding expertise in safety and security to enable architectural innovation and platforms for electrification, connectivity, and safe automated driving.
growth

Food Packaging Tester Market is Predicted to Increase at a 6.5% CAGR over the Forecast Period of 2022-2032

Sales in the food packaging tester market are predicted to increase at a 6.5% CAGR over the forecast period of 2022-2032. Growth is attributed to rising awareness about food safety and hygiene. Additionally, increasing concerns over health hazards and regulatory norms regarding food packaging requirements for food safety will propel demand in the forthcoming decade.

Food packaging testers are one of the essential components of the food industry. A food packaging tester determines the sustainability of a food package against chemical, physical, and environmental factors that can spoil food if it is not packed correctly.

Due to various food safety regulations, manufacturers focus on creative packaging ideas to ensure product freshness over some time. Also, the increasing demand for packaged food by consumers is driving the growth of the food packaging tester market potentially.

The food packaging tester market has witnessed potential growth due to the need for protection against air, toxins, moisture, and microorganisms. Also, a food packaging tester plays a significant role in the prevention of leakage. The capability of the package is tested by performing various tests such as chemical testing and physical testing on the package.

Durable Packaging of Food to Meet Worldwide Consumer Needs

Nowadays, visually appealing and quality packaging plays a major role in establishing a brand. This factor is ultimately contributing to the growth of the food packaging tester market across the globe. Also, the increasing proliferation of online food delivery has helped in driving the food packaging tester market.

Food products are shipped worldwide to meet global consumer needs, and hence the packaging must be durable. These factors have made food packaging testers even more valuable.

The demand for hygienic packaging of food is growing. In addition, advancements and improvements in technology have made packaging safer, reliable, and faster. These parameters are largely contributing to the growth of the food packaging tester market across the globe. Furthermore, the governments of developed and developing countries have set strict regulations to ensure food safety – this is further driving the adoption of food packaging testers.

High-Cost Hampering Growth

The cost associated with a food packaging tester is quite high, making it difficult for small-scale food industries to invest in the food packaging tester market. Due to these factors, the growth of the food packaging tester market is affected.

Competition Landscape

Some of the prominent players in the food packaging tester market are SGS, Intertek and ALS Ltd, Robert Bosch, GEA Group, IMA Group, COESIA Group, Ishida, ARPAC, Multivac, Nichrome India, Adelphi Group, and Lindquist Machine Corporation.

Regional Overview

Based on geography, North America and Europe with significant economies are capturing the largest market share in the food packaging tester market. The rising demand for hygienic packaging and durable packaging of products is driving the growth of the food packaging tester market.

Along with that, the increasing concerns about strict food safety regulations have witnessed a potential increase in the adoption of food packaging testers in various industries. Also, the rising concerns about safety and durability in countries such as India and China in the APAC region are significantly contributing to the growth of the food packaging tester market.

About Future Market Insights (FMI)

Future Market Insights (ESOMAR certified market research organization and a member of the Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments based on Source, Application, Sales Channel, and End Use over the next 10 years.

ArcBest analytics

Customer Management Revenue from Telecom Analytics Market to Register 13.4% CAGR in Next 10 Years

The Telecom Analytics Market revenues were estimated at US$ 4.8 Bn in 2021 and are anticipated to grow at a CAGR of 14% from 2022-2032, according to a recently published Future Market Insights report. By the end of 2032, the market is expected to reach a valuation of US$ 20.5 Bn.  

Telecom analytics software is being used to meet the telecom industry’s demanding Business Intelligence requirements. Churn reduction, risk management, fraud detection, cross-sell and promoting product and service plans, revenue management, customer segmentation, and analysis, and security and compliance are among the needs. As a result of the advantages of telecom analytics, the industry is expected to grow significantly during the projected period. 

The adoption of analytics products and services by telecom providers has been enormously successful. One of the primary reasons predicted to fuel the market’s development prospects during the projected period is the increased implementation of telecom analytics for lowering churn and enhancing customer loyalty. As per Quantzig, telecom businesses may cut customer turnover by 50% while increasing recurring customers by 15%. Therefore, telecom service providers employ analytics tools to improve customer service, minimize revenue losses, and cut sales and marketing expenses. 

The demand to optimize corporate activities that influence revenue is also driving the expansion of the telecom analytics industry. Telecom firms’ revenue is primarily determined by the number of customers, the sale of value-added solutions, billing rates, and other factors. Telecom analytics systems may offer both qualitative and quantitative metrics, as well as subjective Key Performance Indicators (KPIs) measures to a variety of applications for business, network, or consumer use cases. This may assist in monitoring crucial subscriber decisions, which affect revenues, by calculating propensity scores from pertinent information such as subscriber experiences (xDRs), region, associates (TAP), network (probes), and activities (logs). Owing to these features, the market is likely to develop throughout the forecast period. 

Competitive Landscape 

The industry is segmented and characterized by intense rivalry among key operational firms. Leading companies are concentrating their efforts on increasing their market presence. Industry rivalry is expected to grow further as more businesses focus on developing innovative, cost-effective telecom analytics products and services. 

Some of the key development in this telecom analytics market include: 

·       In January 2021, SAP agreed to acquire Signavio, a provider of enterprise business process analytics and process management. The acquisition will increase SAP’s ability to help businesses swiftly analyze, enhance, transform, and control their business operations at scale. Subject to regulatory authorization, the acquisition was scheduled to conclude in the first half of 2021. 

·       In September 2021, BT Group, BT Group, the UK’s top mobile and internet Services Company, used Oracle Communications Cloud Native Converged Policy Management to manage network resources and speed up the launch of new 5G services. This technology allowed BT Group to test and deploy 5G services such as live video broadcasting and zero-rated 5G downloadable media content over its EE mobile network. 

·       In Oct 2021, IBM invested in Volta Networks, a developer of networking software for the cloud, to complement its portfolio with software developers. 

More Insights Available 

Future Market Insights, in its new offering, presents an unbiased analysis of the Telecom Analytics Market, presenting historical market data (2015-2021) and forecast statistics for the period of 2022-2032. 

The study reveals extensive growth in the Telecom Analytics Market in terms of Components (Software, Services), Application (Customer Management, Sales and Marketing Management, Risk and Compliance Management, Network Management, Workforce Management, Others, Deployment Mode (On-premises, Cloud), Organization Size (Large enterprises, Small and Medium-sized Enterprises (SMEs)) and across five regions (North America, Latin America, Europe, Asia Pacific, Middle East & Africa). 

About Future Market Insights (FMI) 

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai and has delivery centers in the UK, U.S., and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers. 

tests

The Global Vibration Analyzer Market Size is Predicted to Reach US$186.2 Million in 2032

The global vibration analyzer market size is expected to reach US$ 186.2 Million in 2032 and exhibit a CAGR of 9.4% in the forecast period from 2022-2032. Increasing awareness about predictive maintenance among various end-use industries is set to push the demand for vibration analyzers in future years.

As per FMI, the vibration analyzer market is anticipated to be valued at US$ 152.9 Million in 2022. Increasing concerns associated with functionality and safety of equipment are likely to bode well for the global market.

In the present scenario, the technical advancements in communication, electronics, and other industries have led to the development of efficient network cable testers. Network cable testers play a vital role while installing new cables and troubleshooting existing cables. Common cable tests include attenuation, wiremap, length, DC loop resistance, and return loss.

Standards associations such as IEE, ISO, and, TIA are continuously researching to provide guidelines for cabling professionals while installing, troubleshooting, and certifying cable networks. There exist specific requirements and potential difficulties in employing these network transmission technologies.

With higher speed Ethernet standards, it is becoming more critical to keep up with the latest proliferation in cabling communications and network cable testing. The growing networking industry is expected to provide an important boost to the network cable tester market.

The Rise of Cabling Infrastructure, the Key Factor Driving Demand for Network Cable Tester Market

As networks are evolving, the need for cabling infrastructure is increasing to support them. Network cable testers are made with a range of focused features for specific field tasks. They provide a level of assurance that the installed cable links give the wanted network transmission capabilities to assist the data communication wanted by the users.

Commercially, network cable testers are categorized into one of the three hierarchical sets; qualification, verification, and certification. Certification Network Cable Tester is the tool that provides Pass or Fails figures by industry conducts.

Furthermore, the rapid development of gaming devices and equipment in LAN (Local Area Network) is also leading to the increased sales of cables, which has resulted in increased demand for network cable testers to provide quality and safe connectivity.

Global Network Cable Tester Market: Market Participants

The number of players present in the Network Cable Tester market is trivial. Some of the key players operating in the global Network Cable Tester market are Atcom Inc., Fluke Networks, 10Gtek Transceivers Co., LTD., GENERIC, NetScout Systems, Inc., Ologymart, Transway’s Marketplace, TeKit, axGear, Advanced Fiber Solutions, AEMC Instruments, L-com, Platinum Tools, Klein Tools, among others.

Key Developments in Network Cable Tester Market

New product innovations have been witnessed as the cable industry is growing significantly. In 2016, Ideal Network, a major manufacturer of portable networks, cable certification, and testing equipment launched the updated NaviTek NT to help networking experts pinpoint and solve issues quickly for copper and fiber-optic networks. The compact and flexible Network Cable Tester fits into narrow areas where significant cabling is often located, assisting engineers to work more efficiently, the company said.

Opportunities for Market Participants in Network Cable Tester Market

The rapid evolution of cabling systems and rapidly increasing use of Single Mode cabling for 40G Ethernet, MPO/MTP fiber, and beyond has provided spectacular growth to the Network Cable Tester market. As data centers and enterprise networks are increasing, the demand for certified network cable testers has also increased.

Cable installers gain significant productivity with Certifiers. The market in the Asia Pacific is expected to register a relatively strong CAGR during the forecast period. Japan possesses an extensive network and cabling industry due to its unique culture and market size.

Many of the globe’s most important and innovative industrial companies are Japanese. These factors are supporting growth in the Asia Pacific for the Network Cable Tester market. In North America, the number of broadband connections has grown well, posing a potential opportunity for the network cable tester market. In the Middle East and Africa, the growth remains unstable due to the lack of innovations in the cabling industry.

The network cable tester market in Europe is expected to record moderate growth. In Germany, the technological advancements in the cabling industry have witnessed significant growth, which has resulted in the increased demand for Network Cable Tester equipment.

segment

Cloud Firewalls Market to Surpass US$ 10.4 Bn by 2032 as Need to Prevent Harmful and Undesired Network Traffic Surges Amid Enterprises

According to Future Market Insights (FMI), the global cloud firewalls market is likely to grow from US$ 2.2 Bn in 2022 to US$ 10.4 Bn by 2032. Exhibiting a CAGR of 16.7% throughout the forecast period (2022-2032).

The growing popularity of cloud services and increasing adoption of cloud firewalls for tackling advanced threats and protecting companies’ operational data are some of the key factors driving demand for cloud firewalls in the market.

Similarly, the surge in cyber-attacks across the world is acting as a catalyst triggering the growth of the cloud firewalls market. One factor that contributed to the rise in cyberattacks was the Bring Your Device (BYOD) policy adopted by certain small and medium-sized organizations during the pandemic.

Enterprises were forced by an increase in data hacking activities and cyberattacks to concentrate on finding better security solutions for protecting information deployed both on-premises and in the cloud as well as for fortifying the company’s security structure. As a result, they used security solutions like cloud firewalls.

A Cloud firewall is a network device that is software-based and deployed in the cloud. This network device is designed to block or reduce unauthorized access to private networks. Cloud firewall is a new technology that fits into web application environments and is created for the needs of contemporary businesses.

Thus, the use of cloud firewalls has witnessed an increase in demand as businesses have become more aware of data integrity and security. With the rise in cyberattacks, cloud firewalls have emerged as the most disruptive technology. This has propelled the growth of the cloud firewalls market.

Key Takeaways

  • By solution, the cloud firewall appliances segment accounts for the highest market share of around 59.8% in the global cloud firewalls market. However, the cloud firewall services segment is estimated to grow at a robust CAGR of 17.8% through 2032.
  • By enterprise size, the large enterprise segment had the highest market share of around 59.4% in the cloud firewalls market in 2021.
  • By industry, the IT & Telecom segment is predicted to grow at a CAGR of around 21.5% between 2022 & 2032.
  • North America held the largest market share of around 35.8% in the cloud firewalls market in 2021.
  • South Asia & Pacific region is expected to grow at the highest CAGR of around 21.5% during the forecast period.
  • The U.K. cloud firewalls market is predicted to create an absolute $ opportunity of US$ 396.3 Mn by the end of 2032

“Cloud firewalls are essential for all types of enterprises in the age of digital transformation. Organizations may safeguard their rapidly expanding endpoints and improve their security posture, increase worker productivity, and safeguard the hybrid workforce by selecting the appropriate type of cloud firewall solution,” says Future Market Insights analyst.

Enormous Growth of Cloud-Based Applications to Boost Cloud Firewalls Market

The use of cloud computing in the workplace has become the new norm. Cloud continues to be one of the fastest-growing areas of IT spending across all industries. Cloud technology was crucial in enabling businesses to not only survive shutdown scenarios and inconsistent IT infrastructure, but also to improve speed, agility, and responsiveness.

The growing significance of public clouds, combined with the ongoing threat to infrastructure in the private and public sectors, is expected to drive up the adoption of cloud firewalls. Additionally, as a way to solve security issues in the cloud environment, businesses are increasingly implementing Platform-as-a-Service and Infrastructure-as-a-Service methods.

Cloud firewall options enable perimeter protection without forcing enterprises to deploy dedicated firewall hardware to each corporate site. The result is a streamlined infrastructure that improves visibility and, eventually, agility and scalability. Cloud firewalls will remain important as more businesses move their connection and security operations to the cloud.

More Valuable Insights on Cloud Firewalls Market

Future Market Insight’s report on cloud firewalls market industry research is segmented into four major sections – solution (cloud firewall appliances, and cloud firewall services), enterprise size (small & mid-sized organizations (SMEs), and large organizations), industry (BFSI, healthcare, IT & Telecom, government, aerospace and defense, retail, and others), 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 cloud firewalls demand outlook.

market

IoT Testing Equipment Market to Expand At a 31.3% CAGR, Exceeding US$ 34 Billion by 2032

The Global IoT Testing Equipment demand is projected to be valued at US$ 2.24 Billion in 2022, forecast to grow at a CAGR of 31.3% to be valued at US$ 34 Billion from 2022 to 2032. Growth is attributed to the rising demand for renovation projects and development in residential and commercial construction.

The growing adoption of IoT across the industry is fueling the demand for the IoT testing equipment market. Testing the overall behavior of IoT devices is one of the important parameters for device lifecycle and ensuring the proper functionality of IoT devices. IoT testing equipment monitors and performs various tests to ensure the proper functioning of IoT devices.

The various test approaches used by IoT testing equipment are usability, IoT security, connectivity, performance, compatibility testing, pilot testing, regulatory testing, upgrade testing, and others. The proper network connectivity and performance of the IoT device is one of the critical parameters and is driving the demand for the IoT testing equipment market.

Considering the complex architecture of the IoT system, compatibility with the device is a must. IoT testing equipment tests the items such as versions, browser type, generation of devices, and others. IoT testing equipment performs the compatibility test of devices before installation.

When IoT is considered, pilot testing is essential for to test to be performed. Lab testing may not be sufficient since IoT devices may backfire when exposed to the real world. IoT testing equipment performs pilot testing with a limited number of devices and records the behavior of IoT devices. Since standards and regulations play a key role IoT testing equipment performs the regulatory test to ensure the standards and compliance of connected devices.

Vendors offer IoT testing equipment with updated hardware and software to efficiently perform the tests. IoT testing equipment is used in all the phases of the development of IoT devices, i.e. research & development, design & validation, compliance, manufacturing, deployment, and services.

IoT testing equipment covers all cellular and non-cellular technologies such as NB-IoT, LTE-M, Sigfox, LoRa WAN, and others. The IoT testing equipment is segmented as hardware and software. IoT Testing equipment’s software is Wireshark, Tcpdump, and others.

IoT testing equipment hardware includes devices such as JTAG Dongle, Software defined radio, Digital storage oscilloscope, and others. The advantages of IoT testing equipment are improved connectivity, predictive management, remote maintenance, and others. Several developments in the IoT testing equipment concerning technology are expected to drive the growth of the global IoT testing equipment market during the forecast period.

IoT Testing Equipment Market: Drivers and Challenges

The increasing adoption of IoT devices in the residential, industrial, and commercial sectors is driving the global IoT testing equipment market. The government initiatives such as smart cities, connected buildings, and smart homes are fuelling the global IoT testing equipment market.

The continuous development in infrastructure, increasing adoption of smartphones, and others are also expected to have a positive impact on the growth of the global IoT testing equipment market.

The challenges associated with the growth of the global IoT testing equipment market are the failure in real-time data testing, hardware-software compatibility, and others. However, vendors are continuously focused on the development of advanced IoT testing equipment to overcome the above-mentioned challenges.

IoT Testing Equipment Market: Regional Overview

North America and Western Europe are expected to have a prominent market share of the global IoT test equipment market during the forecast period. The huge adoption of IoT in the countries of these regions is expected to drive the global IoT testing equipment market. The developing countries of APEJ and Latin America such as Mexico, India, China, and others are expected to project high Y-o-Y during the forecast period of the global IoT testing equipment market.

Market Competition

Some of the key participants present in the global demand of the IoT Testing Equipment market include McGrath RentCorp, Inc., Anritsu, ROHDE&SCHWARZ, Keysight Technologies, Ixia, RIGOL Technologies, Inc., Tekronix, Infostretch Corporation, Shenzhen Te-lead Technologies Co., Ltd, Test IO, and others and other IoT Testing Equipment manufacturers., among others

  • In July 2020, Mobileum, a US-based provider of analytics-based roaming, network security, and risk management acquired SIGOS for an undisclosed amount. This acquisition will help Mobileum to provide end-to-end testing for 5G and IoT to its customers. SIGOS is a Germany-based provider of active testing and fraud detection technologies.
  • In Oct 2020, Lenovo launched a set of ThinkIoT Smarter Store Solutions to assist retailers in improving productivity and store safety.
market network cell 5G communications networks will have logistics and supply chain applications, allowing users to more efficiently process shipments of export cargo and shipments of import cargo in international trade.

5G Testing Equipment Market Forecast to Surge at a Value CAGR of 26% from 2022-2032

According to the latest report by Future Market Insights, the 5G testing equipment market is anticipated to grow at a CAGR of 26% from 2022 to 2032, reaching a value of US$ 16.5 billion. The industry’s estimated value as of 2021 was US$ 1.3 billion, and by 2022, it is anticipated to reach US$ 1.6 billion, representing a 23% Y-o-Y growth rate.

Evolution in area of network connectivity right from 2G, 3G, to 4G and now 5G, which is one of the latest network connectivity technology. Increasing smartphone penetration and other connected devices are fueling the need for using such connecting technologies and these are tested using 5G testing equipment.

For establishing a secured and most reliable 5G network the tests are constantly performed so that network operation failure is eliminated and 5G testing equipment is used for testing of such network issues. The providers of 5G testing equipment focus on innovations until the commencement of commercial deployment of 5G.

The 5G testing equipment providers have the potential opportunity to enter the 5G market and develop the most suitable and application-oriented 5G testing equipment products. Applications of 5G are expanding day by day due to IoT, connected devices, and also the availability of large data centers is making it easier to deploy 5G technology using 5G testing equipment.

The commercialization of 5G is estimated to begin in 2019 and this is a prime factor creating a potential opportunity for 5G testing equipment. Increasing penetration of 5G in areas including entertainment, automotive, construction, medical, security, and others are creating a need for using 5G testing equipment.

Constant research and development for making 5G testing equipment that is industry compliant and more application-oriented are expected to drive the 5G testing equipment market over the forecast period.

5G Testing Equipment Market: Drivers and Restraints

The emergence of a hyper-connected world is one of the prime factors which is expected to fuel the demand for 5G testing equipment. Increasing usage of connected devices in developing economies such as India, China, and others is creating data traffic in the network which is creating a need for establishing a secured and efficient network.

Hence, of the increasing need to control data traffic, the 5G technology is expected to witness a boom in demand which is ultimately driving demand for 5G testing equipment. Connectivity in different devices such as wearables, connected cars, smartphones, and other consumer electronics devices such as smart home devices will increase the demand for 5G testing equipment.

This factor is expected to be observed due to the high speed of 5G and the availability of wired and wireless technology making the connectivity process easier. High acceptance of 5G is expected due to the above-mentioned factors which are creating an increasing demand for 5G testing equipment.

On the other hand, the total cost involved in using 5G testing equipment for the establishment of a 5G network, and issues involved because of multiples carrier is some of the key challenges affecting the adoption of 5G testing equipment. Such factors ultimately hamper the adoption of 5G testing equipment and hence these are some of the challenges affecting the growth of the market.

Segmentation Based on Type

On the basis of type, the 5G testing equipment market is segmented into signal genes Being one of the latest and fast emerging technology 5G is expected to be an evolution in the area of network connectivity, to leverage this opportunity the 5G testing equipment providers are performing up-gradations in their devices.

This factor is expected to be one of the key strategies followed by 5G testing equipment providers. Some of the leading 5G testing equipment providers include MACOM, VIAVI Solutions, Anritsu, ROHDE&SCHWARZ, Keysight Technologies, LitePoint, and others. Raptor, signal analyzer, network analyzer, Oscilloscopes, and others.

Region-wise

  • North America region is one of the prominent markets for 5G testing equipment as this region has a strong presence of network service provider companies such as AT&T which are early adopters of 5G testing equipment. The research and development are constantly performed using 5G testing equipment in this region to integrate 5G in healthcare applications and smartphones to improve the performance of a network.
  • Europe is expected to follow the North American region in terms of demand for 5G technology and hence 5G testing equipment. This demand for 5G testing equipment in Europe is fuelled by increasing 5G testing activities in this region such as Vodafone announcing its plan to start up 1,000 5G testing sites in the UK in 2019.
  • Such increasing testing activities are driving the 5G testing equipment market growth significantly. APEJ region is expected to witness a significant CAGR growth rate due to the rapid penetration of IoT and connected devices in this region and this factor is creating a need for using 5G testing equipment for establishing a 5G network.
  • Japan is one of the early adopters of 5G testing equipment as the automotive manufacturers of this region are focusing on connected cars. For example, NTT DOCOMO and Mitsubishi Electric Corporation together achieved 25 to 27 Gbps download speed in the vehicles using a 5G network.

The report is a compilation of first-hand information, qualitative and quantitative assessments by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segment. The report also maps the qualitative impact of various market factors on market segments and geographies.

Competitive Analysis

Being one of the latest and fast emerging technology 5G is expected to be an evolution in the area of network connectivity, to leverage this opportunity the 5G testing equipment providers are performing up-gradations in their devices.

  • This factor is expected to be one of the key strategies followed by 5G testing equipment providers. Some of the leading 5G testing equipment providers include MACOM, VIAVI Solutions, Anritsu, ROHDE&SCHWARZ, Keysight Technologies, LitePoint, and others.
wafers market

Semiconductor Wafers Market is expected to Grow at a CAGR of 5.7% by 2022 to 2030

The semiconductor wafers market report, recently released by ESOMAR-certified market research firm Future Market Insights (FMI), forecasts a mostly positive growth trajectory for the 2020–2030 assessment period. The analysis reveals the key forces that will shape the market’s potential for future growth.

As businesses and corporations aim to diversify their operations in the future, one of the main growth drivers is the deeper adoption of 5G technology. A quarter of all mobile traffic data will be transmitted over 5G networks by 2024, which will be spread across 2/5 of the planet. As a result, wafer output to make ICs for 5G devices is increasing.

Key Takeaways

  • By application, automotive semiconductor wafer to experience nearly twofold growth until 2030
  • Extensive applications to be witnessed across consumer electronics, particularly in the manufacturing of integrated circuits (ICs)
  • By size, 150-200 mm semiconductor wafers is likely to generate over 2/3rd revenue share by 2020-end
  • East Asia to emerge as the market hegemon, with China pivoting maximum growth, Europe and North America remain highly lucrative
  • Global semiconductor wafers market to register value CAGR worth 5.6% through 2030

COVID-19 Impact Analysis

The novel coronavirus pandemic has ushered in multiple impacts across the global semiconductor wafers market. Stringent government-mandated lockdowns have contracted production of automotives, a key application area for semiconductor wafers.

A 16% decline was experienced in the global automotive industry since the past few months, thereby restraining sales of semiconductor wafers for multiple purposes such as infotainment systems, collision detection and navigation.

Simultaneously, surging sales of consumer electronic products is keeping the semiconductor wafers market demand afloat, particularly across emerging economies. With mandatory lockdowns imposed, corporate entities, educational institutions and entertainment houses are encouraging virtual interactions, thus upscaling demand for smartphones, tablets and laptops.

Competitive Landscape

Prominent semiconductor wafers manufacturers profiled in the report include Applied Materials Inc., ASM International, Nikon Corporation, SCREEN Semiconductor Solutions Co. Ltd., Hitachi High-Technologies Corporation, Tokyo Electron Limited, ASML Holding N.V., KLA Corporation, Lam Research Corporation and others.

In November 2020, Hitachi High-Technologies Corporation launched its 3D SEM CT1000 used for defect observation across semiconductors. The devices enable a three-dimensional observation of pattern and defects shapes occurring during the manufacturing process on wafers measuring up to 200 mm in diameter.

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The Global Telecom Internet of Things (IoT) Was Forecasted CAGR of 21.9% from 2022 to 2032

The global telecom Internet of Things (IoT) in 2022 was anticipated to be valued at approx. US$ 45,733.3 Million. With an increasing demand for improved connectivity solutions to connect smart devices, the market is estimated to reach a worth of nearly US$ 3,31,542.6 Million by 2032, with a forecasted CAGR of 21.9% from 2022 to 2032.

Telecom Internet of Things market is considered as the fastest growing market and it provide enhanced connectivity solutions to numerous smart devices.

Technology plays an important role in the development of Telecom Internet of Things market and especially with the innovation of Internet of Things, Telecom Internet of Things market is witnessing the rapid growth.

With the growing adoption of intelligent transportation system and rapid increase in number of smartphones and tablets, Telecom Internet of Things market is experiencing the rapid growth.

Internet of Things comes with the concept that everything around should be electronically integrated and interconnected.

Telecom operators are now using digital platforms that combine connectivity, analysis, mobile, security and cloud to support business and all these empower great revenue opportunity for them.

Major applications such as logistics tracking, traffic management, smart healthcare and others are contributing to the growth of Telecom Internet of Things market.

Key Takeaways

  • The growing adoption of the intelligent transportation system and the swift increase in the number of smartphones, and tablets, are some key factors promoting the growth of the global telecom Internet of Things market.
  • Internet of Things is introduced with the notion that everything around must be incorporated electronically and interconnected. Telecommunication operators are widely utilizing digital platforms which merge connectivity, mobile, analysis, security, and cloud to back business. These factors encourage great revenue prospects for telecom operators.
  • It has been observed and concluded that several key applications like traffic management, logistics tracking, smart healthcare and others are accounting for the overall market growth of telecom Internet of Things.
  • Several aspects contributing to the growing adoption of telecom Internet of Things are increasing penetration of smart connected devices and demand for automation in communication operations and network bandwidth management.
  • Moreover, the development of next-gen wireless networks and increasing use of smart technology and distributed applications are predicted to render considerable growth prospects for the telecom IoT market growth during the future.
  • Increased demand for mobile computing devices and network capacity to access connected services are some of the key drivers that are responsible for the growth of this market industry.

Telecom Internet of Things (IoT) market: Drivers and Challenges

Drivers

The major factor driving Telecom Internet of Things market is the growing need for enhanced connectivity solutions to connect smart devices.

Moreover, the increased demand of mobile computing devices and network capacity to access connected services are the drivers which are contributing to the growth of global telecom Internet of Things market.

Apart from this, the rising demand of telecommunication cloud for smart network bandwidth management and automation in communication operations are driving the Telecom Internet of Things market.

Moreover, the enhancement of smart technology and distributed application will increase the demand for Telecom Internet of Things market.

Challenges

The major challenge for the IoT telecom market is that the network operator should be able to offer fast, reliable and uninterrupted connectivity.

Also, with the increase of connected devices and management of personal data, the privacy and security of customer information is the significant issue for the companies in Telecom Internet of Things market.

Telecom Internet of Things (IoT) market: Recent Developments and Competition dashboard

In June 2017 AT&T and China Telecom signed an agreement to expand partnership to develop network services around the world. Telcos such as AT&T, Vodafone, Verizon and others have done various development in Telecom market.

For instance, in October 2016, Vodafone launches first live commercial NB-IoT network.

The key market players in Telecom Internet of Things markets include AT&T, Inc., Ericsson, Verizon Communications, Inc., Sprint Corporation, Vodafone Group, Plc., China Mobile Ltd, Swisscom AG, Aeris, Deutsche Telekom AG and others.

Telecom Internet of Things (IoT) market: Regional Overview

On geographic basis, North America will be the largest market due to stringent IoT regulations and the presence of large number of telecom Internet of Things service providers in this region.

The market in APAC is expected to witness exponential growth in Telecom Internet of Things market and it is the fastest growing region for the telecom Internet of Things service market due to growing smart devices market and smart technology and experiencing the large number of early adopters of smart technology.