Trending Now

US Intermodal Gains Momentum Amid Trucking Challenges

New Articles

The Global Market for Power Electronics is Anticipated to Grow at a CAGR of 5% from 2022 to 2032

global Integrated Passive Devices pulp demand power manufacturing electronics
Archives, Global Trade Daily, Market insight

The Global Market for Power Electronics is Anticipated to Grow at a CAGR of 5% from 2022 to 2032

Leave a comment

The global market for power electronics is anticipated to reach a value of US$ 28 billion by 2022, growing at a CAGR of 5% from 2022 to 2032. By the end of 2032, it is anticipated that sales of power electronics will generate an opportunity worth an absolute 44 billion dollars. The demand for power electronics in the market is expected to increase due to increasing use across consumer electronics and power-generating industries.

To control the flow of energy, switching electronic circuits are used. These switching electronic circuits are called power electronics. Power electronics are also considered for the conversion of electric power. Semiconductor devices like diodes, transistors, thyristors etc perform such conversions. Power electronics devices have several advantages including optimum forward and reverse backing capabilities, simplified circuits, compact designs, etc. Moreover, power electronics find their applications in the connection of renewable energy resources to power grids, transportation in electric trains, motor drives, and lighting. The major use of power electronic devices is heat sinking as well as soft starting of equipment deploying power electronic devices.

Global Power Electronics Market: Segmentation

The global power electronics market can be segmented into geography, types, and applications. Based on geography, the global power electronics market can be segmented into America, Europe, Asia Pacific, and Middle East & Others. Considering types, the global power electronics market can be segmented into diode rectifiers, ac-dc converters, ac-ac converters, dc-dc converters, dc-ac converters, and static switches. Because of applications, the global power electronics market can be segmented into industrial activities, solar power, wind power, electric cars, aerospace, and consumer electronics.

Global Power Electronics Market: Region-Wise Outlook

In terms of power electronics market value, Asia Pacific is the largest geography. America is the fastest growing region; Europe is considered a very promising market comprising Germany and the UK while the Middle East also grants an impetus to the growth of the global power electronics market.

Global Power Electronics Market: Drivers

Various factors are fueling the growth of the global power electronics market including the rapid use of renewable sources of energy followed by the increase in the adoption of electric cars and defense. ICT, telecommunications, self-monitoring and diagnostics systems, hospitals, and healthcare are the major fields driving the global power electronics market to grow apparently.

Global Power Electronics Market: Restraints

There are various challenges faced by the global power electronics market like high initial costs, and deposition of GaN on silica materials that are in turn very difficult to reach in high voltage ranges. Moreover, manufacturing power electronics is excessively expensive and time-consuming thus posing a restraint to the global power electronics market.

semiconductor assembly
Archives, Global Trade Daily, Technology

Semiconductor Assembly and Testing Services Market to Reach US$ 52.1 Bn By 2029

Leave a comment

Continuous developments and implementation of new technologies such as organic-substrate-interposer technology and silicon-via-interconnection technology in the semiconductor assembly & testing services market are creating significant revenue opportunities for players in the semiconductor assembly and testing services market.

Implementation of semiconductor assembly and testing services in the consumer electronics sector helps manufacturers produce semiconductors, memory chips, and wafers used in consumer electronic products and wireless/mobile handsets in a more efficient manner.

The value of the global semiconductor assembly and testing services market is anticipated to witness a CAGR of 6.1% during the forecast period of 2022-2029.

Key Takeaways

  • Among the application segment, the consumer electronics segment is expected to witness a high growth rate, owing to rising demand for audio/video equipment, cameras, calculators, and smart homes (home safety equipment & accessories)
  • Asia Pacific Excluding Japan is expected to create lucrative growth opportunities for players in the semiconductor assembly and testing services market, attributable to the rapid growth of packaging of semiconductors, and increasing applications of semiconductor assembly methodologies in this region
  • Increasing demand for connected devices worldwide including smartphones and tablets having connectivity and multimedia capabilities propels the demand for higher packaging technologies and creates growth opportunities for the service provider in the semiconductor assembly and testing services market.

“Semiconductor assembly and testing service providers can improve revenues by upgrading existing facilities to include superior electrical and thermal performance, and high input and output capabilities,” Says the FMI Analyst

Gains Upheld by Increasing Demand for Improved Connectivity in Consumer Electronics

Higher demand for mobile and connected devices such as tablets and smartphones has bolstered the demand for higher packaging technologies. Also, rising demand for digital video content drives the growth of high-performance and mobile consumer electronics products, such as Wi-Fi chipsets and other semiconductor chips.

For instance, STATS chip AC (JCET) develops an expanded Wafer Level Chip Scale Package (eWLCSP), which offers improved testing and a low-cost fan-in wafer-level package for space-controlled mobile devices.

Moreover, the growth of end-use industries such as electronics and semiconductors, automotive, manufacturing, and packaging is expected to offer potential growth opportunities for manufacturers in the global semiconductor assembly and testing services market.

ODMs and OEMs to Prioritize ‘Fab-lite’ Strategy

As semiconductor process technology migrates to larger wafers and smaller feature sizes, the cost of building state-of-the-art wafer fabrication factories has risen significantly, reaching several billion dollars. High investment costs for next-generation silicon technology and equipment are influencing various semiconductor companies to adopt or maintain a ‘fabless’ or ‘fab-lite’ strategy. The increasing demand for semiconductors is needed for cloud integration and connectivity including sensors, computing, interactivity, and communication devices.

More Valuable Insights on Semiconductor Assembly and Testing Services Market

FMI’s report on the semiconductor assembly and testing services market is segmented into three major sections such as services (assembly & packaging services (copper wire & gold wire bonding, flip chip, wafer level packaging, TSV, and others), and testing services), applications (communications, computing & networking, consumer electronics, industrial and automotive electronics, and region to help readers understand and lucrative evaluate opportunities in the semiconductor assembly and testing services market.

market processor iot device
Archives, Global Trade Daily, Market insight, Technology

IoT Processor Market will reach a value of USD 92.92 Bn by 2032 at a CAGR of 7.4%

Leave a comment

The global IoT processor market is projected to reach a valuation of US$ 92,925.7 Mn by 2032, with sales growing at a healthy CAGR of 7.4% from 2022 to 2032. Predicted to reach an estimated US$ 45,420 Mn in 2022, the IoT processor market is fueled by associated benefits like greater business efficiency, empowering of new business models, and enhancement of existing services.

The internet of things (IoT) is a low-powered processor that can host multiple applications from a variety of connected devices in real time. This includes more data and sensors, end-to-end communications, faster responses, and a smarter user interface. IoT empowers almost every aspect of the digital universe. These connected devices obtain huge amounts of data on a daily basis and transfer the same data and information in real-time to overcome human challenges.

With more and more devices coming into use daily, carrier suppliers are finding it tough to collect, process, and dispatch data from one device to another because of general-purpose sensor conformance limitations. This results in a particular need for IoT processors. For instance, IoT processors in wearable devices control, process, store, and interpret data while consuming minimal power. This would have been hard to achieve if wearable device distributors like Xiaomi and Apple Inc. had used general-purpose processors in their devices.

In addition, technological evolutions in cognitive and affective computing are further aiding the growth of the IoT Processor market during this assessment period.

“Benefits associated with IoT processors such as minimal consumption of power, smarter user interfaces, smoother communication, and others are expected to propel the market growth of the IoT processors over the forecast period,” says an FMI analyst.

Key Takeaways:

  • Usage in the semiconductor sector to strengthen market possibilities.
  • IoT products’ tendency to attract a niche market leads to low sales volume.
  • North America holds about 40.1% of the global market share.
  • The semiconductor industry is driving the target market in the Asia Pacific region.
  • Europe accounts for 23.6% of the overall market share.
  • 8 bit IoT processor segment will register high demand over the forecast period.

Regional Analysis

  • According to the latest Future Market Insights reports, based on region, North America is anticipated to be the largest IoT processor market. The region accounts for 40.1% of the global market share. The immense presence of major market players, greater investment in the local IoT environment, expansion of cloud platforms, and elevated investment in research and development activities fuel the regional market growth over the projected period.
  • Europe’s IoT processor market is predicted to exhibit impressive growth during 2022-2032. The region holds about 23% share of the global IoT processor market. The expanding healthcare sector is increasingly tied to large databases. Diagnostic analytics, descriptive analytics, prescriptive modeling, and actionable insights are all enabled by IoT technology in combination with big data analytics. Hence, advancing big data and IIoT technology will drive the target market growth in this region.
  • Asia Pacific IoT processor markets, too, are expected to grow at a steady rate in the upcoming years. The huge semiconductor sector in countries like China and Taiwan is anticipated to drive the demand for IoT processors in this region through 2032.

Competitive Landscape

Texas Instruments, Intel, Qualcomm, ARM, Atmel, Freescale, Amulet Technologies, Broadcom Inc., 4D Systems, and Renesas Electronics among others are some of the major players in the IoT processor market profiled in the full version of the report.

Leading market players are utilizing various organic and inorganic strategies such as mergers, acquisitions, partnerships, and collaborations. These businesses are keen on new product releases and geographical expansions to extend their consumer base.

telecom market
Archives, Global Trade Daily, Technology

Wireless Telecommunication Services Market is Estimated to Register a Strong CAGR of 7.5% CAGR from 2022-2032

Leave a comment

The worldwide wireless telecommunication services market size is assessed to arrive at US$ 1309.7 Million by 2022. Besides, with the rising use of wireless telecommunication services across different businesses, the general interest for wireless telecommunication services is ready to develop at a solid CAGR of 7.5% somewhere in the range between 2022 and 2032, adding up to around US$ 2705.6 Million by 2032.

The telecommunications services industry is among of the quickest developing ventures in the business world. Wireless telecommunications services are presented by telecommunications services suppliers to send and get messages through electronic gadgets and a wireless medium.

Services incorporate paging, messaging, and getting to the web through cell phones, email, and other satellite wireless telecommunication services. Telecommunications services have a strong worldwide market presence, with the wireless services fragment containing a huge piece and having the greatest open door in the gauge period.

Wireless telecommunications services have demonstrated exceptionally gainful for organizations as they work with compelling correspondence with their clients and help organizations to lay out a solid relationship with their clients. Wireless telecommunications services are likewise valuable for workers and clients as they empower simple transmission of information and give effectiveness and adaptability to convey.

The cell phone, a vital use of quickly developing wireless telecommunication, incorporates a broad scope of capabilities and applications. A few impediments related to the wireless telecommunications services market are security issues and hardware costs among others.

Drivers and Challenges

With the increasing adoption of advanced technology-based solutions and services, organizations are opting for IoT in order to make their operation more efficient, and easy to access. Infrastructural advancement from smart homes to various other hospitality renovations showcases the potential for the application of wireless telecommunication services.

Enterprises deploying digital solutions and seeking services that are cost-effective and more accurate is among the other factor which is expected to drive the growth of the global wireless telecommunication services market.  Innovation through partnerships among various sectors is expected to fuel the growth of the global wireless telecommunication services market during the forecast period.

The rising adoption of smartphones and apps offering mobile services is anticipated to drive growth in revenue in the global wireless telecommunication market during the forecast period. Consumers opting for wireless connections rather than landlines are among the trends in the global wireless telecommunication market. Enhanced speed of wireless connections at affordable prices continues to encourage the adoption of wireless telecommunication services among the population.

Global Wireless Telecommunication Services Market: Regional Outlook

Based on the geographic region, the wireless telecommunication services market is divided into seven key regions: North America, Eastern Europe, Latin America, Western Europe, Japan, Asia-Pacific excluding Japan, and the Middle East & Africa. North America held the largest revenue share in the wireless telecommunication market followed by Europe, and the Asia Pacific owing to major technology providers based out in this region, and easy adoption of these technologies by the population in the regions.

The other nations in Japan, the Middle East, Africa, and Latin America hold significant potential for growth in the wireless telecommunication services market rising demand for wireless telecommunication services owing to the better convenience of using wireless technology. Moreover, advancements in telecommunication services with better connectivity and bandwidth are some of the factors which strengthen the growth of the wireless telecommunication services market throughout the forecast period.

Who are the Key Players in the Global Wireless Telecommunication Services Market?

Some of the key players in the wireless telecommunication services market are Intelsat SA, AT&T, Inc., T-Mobile USA, Inc., Iridium Communications Inc., NTT DOCOMO Inc., Softbank Telecom Corp., China Mobile Limited, Hawaiian Telcom, U.S. Cellular, New-Cell, Inc, dba Cellcom, and Rogers Communications among others. The leading providers of wireless telecommunication services are continuously focusing on improving their services and bandwidth. They have adopted various strategies such as partnerships, collaborations, acquisitions, and mergers to gain a competitive edge in the market.

  • In March 2022, Intelsat and Marlink extended their partnerships to increase bandwidth capacity for maritime customers.
  • In January 2022, TeleYemen teamed with telXira to provide wholesome SMS services in Yemen.
  • In May 2022, T Mobile launched 5G advanced network solutions to give enterprises the 5G performance needed to deliver optimum results and exciting new customer experiences.

How Start-ups Are Adding Value to the Global Wireless Telecommunication Services Market?

Amid increasing opportunities in the wireless telecommunication services industry, new companies are entering the market. They are making moves to increase their revenue share. For instance,

  • Reliance Jio, a telecommunications firm founded in 2007 by Mukesh Ambani, that provides high-speed mobile internet connections has become one of the leading telecom companies in India. The company is continuously launching new wireless telecommunication services at affordable prices. For instance, the company launched a Pan-India VoWiFi service in 2020 to enable users to make voice and video calls using WiFi networks without any additional charges.
  • In 2020, US-based startup Mangata Networks was started to enable satellite-based 5G communication. The company facilitates 5G communication through its proprietary network of satellites and terrestrial systems.

Similarly, start-ups like i2e1 are striving hard to make wireless telecommunication services available to people living in far-flung areas.

virtual
Archives, Global Trade Daily

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

Leave a comment

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
Archives, Global Trade Daily, Market insight

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

Leave a comment

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
Archives, Global Trade Daily, Market insight

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

Leave a comment

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
Archives, Global Trade Daily, Market insight

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

Leave a comment

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
Archives, Global Trade Daily, Market insight

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

Leave a comment

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
Archives, Global Trade Daily, Technology

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

Leave a comment

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.