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WiFi as a Service Market to Reach USD 26.0 billion through 2032

wifi gigabit

WiFi as a Service Market to Reach USD 26.0 billion through 2032

The WiFi as a Service Market is expected to escalate at a CAGR of 18.2% from USD 4.9 billion in 2022 to USD 26.0 billion through 2032.

In the wake of the COVID-19 outbreak, the WaaS has been expanding globally. In most nations, it has become more and more popular to work from home since the global shutdown, which has resulted in an increase in demand for high-speed wireless fidelity services. Increased demand has fuelled the growth of the wireless fidelity market and contributed greatly to the growth of the industry’s revenue.

The major IT companies also develop and offer advanced applications and services, such as Cisco Systems Inc., Aruba Networks, and Juniper Networks Inc. The Portable Branch Kit, for instance, is an Extreme Networks solution introduced in March 2020. A quick and secure connection can be established to temporary remote office sites through the solution. COVID-19 is a pandemic that is affecting the entire world, and the company is focused on helping its client base around the globe.

As a result of the easy management of wireless infrastructure over cloud services, WaaS is experiencing rapid growth. Managed over the cloud, WaaS allows enterprises to operate wireless networks from anywhere.

Network administrators can remotely manage WiFi infrastructure issues using cloud-based centralized management, saving both time and money by performing the work from a remote location. Commercial applications have long made use of dial-up access. Thanks to advancements in technology, even residential customers can now have reasonably priced high-speed Internet access.

KEY TAKEAWAY:

  • The WiFi as a Service Market is predicted to develop at a CAGR of 17.9% in the wireless local area network (WLAN) controller’s section of the solution category.
  • The CAGR for the outdoor segment of the location type category in WiFi as a Service Market is anticipated to be 18.0% through 2032.
  • In the United States, the WiFi as a Service Market is estimated to reach US$ 9.1 billion by 2032, rising at a CAGR of 18.1% throughout the forecast period.
  • By 2032, the WiFi as a Service Market in the United Kingdom is expected to beat valued US$ 1.1 billion, with a CAGR through 2032.
  • With a CAGR of 17.5% throughout the forecast period, China is expected to reach a market size of US$ 1.9 billion in WiFi as a Service Market by 2032.
  • By 2032, the WiFi as a Service Market in Japan is estimated to be worth US$ 1.5 billion, growing at an annual rate of 16.4h 2032.
  • With a CAGR of 15.9% throughout the forecast period, South Korea is predicted to reach a market size of US$ 934.3 million in WiFi as a Service Market by 2032.

COMPETITIVE LANDSCAPE:

Key companies profiled in the WiFi as a Service Market include Juniper Networks Inc., Cisco System Inc., HPE (Aruba), Extreme Networks, Huawei Technologies Co Ltd, Fortinet, Ruckus Networks, Arista Networks, D-Link Corporation, TP-Link, and others.

Companies are acquiring companies to strengthen their positions in light of the increasing competition in the market. In May 2021, Aruba launched its wireless fidelity 6E access point solution. WiFi in the 6 GHz band will support up to seven 160 MHz channels and will offer an aggregate data rate of 3.9 Gbps to users.

WiFi networks are becoming increasingly popular among end-user businesses across the globe due to their cost-effectiveness, flexibility, scalability, and automation

Thus, organizations are adopting Software as a Service (SaaS) based wireless fidelity models, which enable them to take advantage of continuous Internet access despite limited budgets and resources.

A surge in the demand for WaaS services has resulted from the increasing adoption of public and private SaaS models. SaaS services are being used by organizations to safeguard and transmit data in a secure manner using WiFi. A number of SaaS model projects are being developed by leading players on the market.

flexe warehouse technology

Warehousing Technology’s Time to Shine

Prominent companies like SpaceX, Stripe, Canva, and ByteDance have one major thing in common – they’re all unicorns. If you ask your eight-year-old how a company can be considered a legendary creature with a spiral horn, he or she would likely have a creative answer for you. But in the venture capital world, a unicorn is real, not legendary, and applies to those startups with a valuation of over $1 billion. 

First coined in 2013, startups that reach a $1 billion valuation were thought to be so rare that finding one would be akin to discovering a mythical unicorn. Fast forward to today and there are now 1,000 plus unicorn companies around the world. That sounds high, but considering how many companies there are in the aggregate, reaching that $1 billion valuation number is indeed quite rare. 

The newest member of the unicorn club is Seatlle-based Flexe. The company develops warehousing technology, helping firms in turning a traditionally fixed expenditure into a variable cost. Flexe provides companies the flexibility to adjust their logistics requirements depending on current supply and demand as opposed to a pre-defined calculation.

The pandemic wreaked considerable havoc. Yet, for Flexe, the supply chain chaos has drawn more companies their way. In fact, of the 10 largest US retailers, a whopping 6 are current Flexe customers. The Flexe value proposition is defined by four key pillars – an asset-light approach, open logistics networks, a simplified tech platform, and supply chain solutions. 

The first – an asset-light approach – is perhaps the most attractive. Companies use Flexe without the need to invest in fixed-term agreements with warehouses nor engage in large capital expenditures or assume any fixed costs. Logistics networks are then transactionally priced depending again on real-time supply and demand. The Flexe platform unifies warehouse placements, orders, inventory management, fulfillment, and transportation. Last but not least, in a supply chain bottleneck environment, firms that can improve delivery promises, respond to disruptions, and upgrade retail operations are the ultimate winners.  

Flexe has raised considerable capital. They’re currently ranked No. 10 on the GeekWire 200. Yet, the firm, as its CEO frequently points out, has never operated in a recession. Despite their initial success, the coming months are uncharted territory with little historical data to point them in a clear direction. Investments in growing the company will need to be smartly focused on scalable growth as opposed to growth for growth’s sake. The current environment is full of unicorns who grew to grow but are now facing a very challenging macro-environment for raising future capital. 

All in all, Flexe is a game-changer for retailers. In an uncertain environment, a platform that can drive down fixed costs and demonstrate agility in the storage and delivery of goods is welcome news.  

step Asset market

Global IT Asset Management Industry to Surpass US$ 2 Billion by 2032; Cloud-based Deployment to be Prominent

According to a recent study published by Future Market Insights, the IT asset management market is expected to reach US$ 2.3 Billion by 2032, expanding at a CAGR of 6.9%. Growing need to manage audits and meet regulatory compliance standards, growing need to manage and optimize the purchase, deployment, maintenance, utilization, and disposal of software applications within the business, and lower software spend cost are expected to accelerate the market growth during the forecast period.

Additionally, growing need for improving organizational productivity by deploying advanced technology to meet the business needs is also stimulating market growth.  From 2015 to 2021, IT asset management demand expanded at a CAGR of 7.5%, closing at a valuation of US$ 1.1 Billion. Moreover, an absolute dollar opportunity worth US$ 1.1 Billion has been forecast for the market during the coming decade.

Key Takeaways from the Market Study

  • Global IT asset management market to reach US$ 1.2 Billion by 2022-end
  • The U.S to account for the highest value share of US$ 320.8 Million of global market demand for IT asset management in 2032
  • By deployment, the cloud category constitutes the bulk of IT asset management market with a CAGR of 7.0%
  • IT asset management solutions for large enterprises to remain preferred, flourishing at a 6.2% CAGR
  • India to emerge as a highly opportunistic market, documenting a value of US$ 224.8 Million
  • China and Japan to document value CAGRs of 2.3% and 7.8% respectively until 2032
  • Global IT asset management market to nearly double during the forecast period

“Increasing adoption of cloud and digital transformation among large enterprises, as well as SMEs across several verticals is an essential factor propelling the market growth of IT asset management,” remarks an FMI analyst.

Competitive Landscape

Players in the global IT Asset Management Market focus on expanding their global reach through various strategies, such as; partnerships, collaborations, and partnerships. The players are also making a significant investment in R&D to add innovations to their products which would help them in strengthening their position in the global market. Some of the recent developments among the key players are:

  • In July 2021, Snow Software introduced Snow Atlas, the first integrated platform built to help organizations discover, monitor, and optimize their technology investments both on-premises and in the cloud. The first solutions available on the new cloud-native platform are SAM, SaaS management, and ITSM integrations which were earlier delivered as a service, are now in early access.
  • In May 2021, Flexera introduced interoperability between its Software Vulnerability Manager solution and VMware Workspace ONE Unified Endpoint Management. Through this interoperability, customers will be able to identify, prioritize, and satisfy the need for third-party patch deployment to remediate software vulnerabilities.

Know More about What the IT Asset Management Market Repost Covers

Future Market Insights offers an unbiased analysis of the global IT Asset Management Market, providing historical data for 2015-2021 and forecast statistics from 2022-2032. To understand opportunities in the IT Asset Management Market, the market is segmented on the basis of enterprise size, deployment, and end-use across five major regions.

About Technology Division at Future Market Insights

The technology team at Future Market Insights offers expert analysis, time efficient research, and strategic recommendations with an objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 million+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis on key trends including competitive landscape, profit margin, and research development efforts.

global 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. RAN

5G Solutions Expected to Play Vital role in the Growth of 5G Security Market

According to a recent report by Future Market Insights (FMI), the 5G Security Market is expected to surpass a valuation of US$ 12 Bn by 2032 at a CAGR of over 26.4% during 2022 – 2032. Solutions segment is expected to account for largest market share throughout the forecast period. It is expected to grow at a CAGR of 25.8% in the next ten years. Solutions comprises of the necessary tools responsible to ensure safety. Some tools are next-generation firewalls, data loss prevention, antivirus/antimalware, DDoS protection, security gateway, and sandboxing which are used to ensure 5G security.

DLP instruments help to design data loss prevention methodologies by giving pre-portrayed approach controls to follow the advancement of data. It also hinders unapproved sharing, corrupting, as well as pull of data. The data loss is mainly done via malware attack and taking control of the system. According to Verizon’s 2021 Data Breach Investigations Report, malware was involved in nearly 15% of data breach. To reduce the malware attacks and security breaches companies are focused in 5G technology.

With the growing concern of consumers worldwide regarding their health and their growing annual healthcare budget, healthcare stakeholders are becoming richer every day. But, at the same time with the evolution of new technologies and their need for speed and automation have made them vulnerable to cyber threats. 5G capabilities have added numerous advantages to healthcare sector including speed, capacity, hyper-connectivity, low latency, and data-driven insights. The higher speed and lower latency offered by 5G can be a boon to the cyber attackers as it offers them opportunity to access more data due to hyper-connectivity.

Key Takeaways from the 5G Security Market Study

  • 5G Non-standalone is expected to hold the largest share in the architecture segment and is expected to grow at a CAGR of 24.9% in forecast period.
  • The U.S. holds a growth of CAGR 25.9% from 2022 to 2032.
  • The solutions segment is expected to emerge as the fastest-growing segment, registering a CAGR of 25.8% from 2022 to 2032.

“Companies implementing 5G technology need to focus on the security threats, 5G cloud infrastructure could make the ground breaking difference” says an FMI analyst.

Who is winning?

Leading players of 5G Security Market are focused in developing cloud infrastructure, because with the help of artificial intelligence and machine learning companies are automating the process and the data or formula details are stored in the cloud platform which can be accessed remotely. Key players present in the 5G Security Market industry are Ericsson, Palo Alto Networks, A10 Networks, Allot, Huawei, Nokia, Juniper Networks, Fortinet, Mobileum, ZTE among others.

Below enlisted are few of the recent developments in 5G Security Market:

  • In Mar 2022, Huawei, China Unicom, Partners Announced 5G Private Network PLUS Achievements. They are focused to provide high reliable campus networks, slice-based private network. China Unicom’s 5G Private Network PLUS Achievements were announced during MWC Barcelona 2022.
  • In Feb 2022, Ericsson announced that its 5G portfolio update has enabled energy efficiency. Seven new RAN products and solutions led by the flagship dual-band Radio 4490 which consumes 25% less power compared to current product.

Get More Valuable Insights

Future Market Insights, in its new offering, provides an unbiased analysis of the global 5G Security Market, presenting historical demand data (2019-2021) and forecast statistics for the period from 2022-2032. The study divulges compelling insights on the 5G Security Market based on Component (Solutions, Services) Network Component Security (RAN Security, Core Security) Architecture (5G NR Non-standalone, 5G NR Standalone) End User (Telecom Operators, Enterprises) Deployment Type (Cloud, On-Premises) Vertical (Manufacturing, Healthcare, Energy and Utilities, Retail, Automotive and Transportation, Public Safety, Media and Entertainment, Others) across five major regions.

These insights are based on a report on 5G Security Market by Future Market Insights

global 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. RAN

Report On 5G Market in Aviation

With Nearly 26% CAGR, 5G Revenue in Aviation for to Soar Small Cells, Reveals Future Market Insights

According to a recent report by Future Market Insights (FMI), the 5G Market in Aviation is expected to surpass a valuation of US$ 7.8 Bn at a CAGR of over 26.4% through 2032. The aviation industry is focused on small cells because of the better range and the quality of 5G network. Small cells are low powered cellular radio access nodes that can operate in different spectrums with a range of 10 meters to few kilometers. This is an important method to increase the quality, connectivity, resilience.

The aviation industry is focused on the small cells because of the better range and the quality of 5G network. Small cells are low powered cellular radio access nodes that can operate in different spectrums with a range of 10 meters to few kilometers. This is an important method to increase the quality, connectivity, and resilience.

Inside the airport small cells have wide range of technical and economic advantages because they maximize the reuse of the spectrum. Small cells integrate with the Wi-Fi as the spectrum connectivity is very faster. 5G technology is widely used in aviation platforms mainly in airports, drones, and aircraft repairing. The speed of 5G technology is largely dependent on the frequencies used, with the use of new frequencies one can send messages to the congested areas, which can be used for the tracking purpose. By using the above methodologies, the missing airplane can be contacted and used to identify the regions. Owing to these applications, the aviation industry is expected to largely benefit through the implementation of this technology.

Key Takeaways from the 5G market in aviation Market Study

  • Enhanced Mobile Broadband is expected to hold the largest share in the technology segment. Enhanced Mobile Broadband is a vital point for the fastest connection in the 5G technology.
  • The U.S. holds a growth of CAGR 25.9% from 2022 to 2032.
  • The small cell segment is expected to emerge as the fastest-growing segment, registering a CAGR of 25.8% from 2022 to 2032.

“The role of 5G technologies for aircraft maintenance can escalate the market at a high pace” says an FMI analyst.

Who is winning?

Leading players of 5G Market in Aviation are focused in developing the 5G infrastructure in the airports for the better connection and to access the log data virtually. For regulating and reducing the passenger traffic 5G market in aviation industry is used.

Key players present in the 5G market in aviation industry are Ericsson, Nokia, Cisco Systems, Panasonic Avionics Corporations, Huawei Technologies Co. Ltd., Gogo Llc, Anuvu, OneWeb, Aeromobile Communication, Smartsky Network, Inseego Corp and Intelsat among others.

Get More Valuable Insights

Future Market Insights, in its new offering, provides an unbiased analysis of the global 5G market in aviation, presenting historical demand data (2019-2021) and forecast statistics for the period from 2022-2032. The study divulges compelling insights on the 5G market in aviation based on End-use (5G Infrastructure for Airport, 5G Infrastructure for Aircraft) Communication Infrastructure (Small cell, Distributed Antenna System) Technology (Enhanced Mobile Broadband, Fixed Wireless Access, Ultra-Reliable Low Latency Communications/ Massive Machine Type Communications) Application (Airport Operations, Aircraft Operations) across five major regions.

Passive Fire Proofing System Market: Top Trends Propelling the Industry Demand Through 2027

According to a recent study from market research firm Graphical Research, the passive fire proofing system market size is set to register a significant growth during the forecast timeframe, attributed to rising cases of fire accidents. People are becoming aware of the importance and benefits of fire safety practices and are installing fire protection systems to prevent mishaps. Below mentioned is a detailed list of trends that will positively impact global industry forecast:

  • North America (regional valuation to hit USD 9 billion by 2027)
    Fire doors will gain momentum in demand:
    Fire doors will account for a major share of North America passive fire proofing system market by 2027. The reason behind the high demand for these products is their ability to provide long-term safety to any building. They are commonly used at entry and exit points so that the fire does not go out of control. Fire doors can also significantly reduce the overall structural damage by minimizing the spread of smoke and flames to untouched areas. Apart from fires, they also offer protection from break-ins.

Institutional and residential constructions to pick up pace:

Institutional & residential construction projects are being carried out on a large scale across the region due to rapid urbanization. It has prompted customers to demand fire safety devices to equip themselves for fire incidents. The growing awareness regarding the advantages of installing passive fireproofing systems across institutes will push their adoption.

  • Europe (regional valuation will cross USD 7 billion by 2027) Fire-resistant glasses will be widely demanded by customers:

Fire-resistant glasses captured around 14.5% of Europe passive            fire proofing system market share in 2020. The products offer                long-term protection to structures and people and prevent fire              from spreading to other areas. They are mainly used in building           entrances and glass partitions, doors, and are highly durable, safe,       efficient in temperature radiation, and require low maintenance.

Extensive use of passive fireproofing products in commercial spaces:
The regional commercial end-users will reach USD 5 billion revenue by 2027. The construction sector of Europe is expanding at a substantial rate due to urbanization, economic growth, and rising income levels of the regional population.

Real estate developers are increasing their focus on including fire safety systems to ensure their clients’ security. Since fire-related incidents are on the rise across the region, governments have
introduced a strict regulatory framework, further propelling the adoption of passive fireproofing systems.

Governments will take on large-scale infrastructure projects:

Large-scale infrastructure projects, such as airports and hospitals in Brighton, Luton, Manchester, and Birmingham are offering strong support to the region’s construction sector. Customers are gaining a better understanding of the significance of installing passive fireproofing systems in homes. Also, fire accidents cause severe loss of life and property; this factor will upscale the production of these devices.

  •  Asia Pacific (regional valuation will reach USD 6.5 billion by 2027) Structural steel protection products will gain traction:
    The structural steel protection segment occupied 25% of Asia Pacific fire proofing system market share in 2020. These systems can keep steel structures safe from fire accidents and improve their overall strength. Since steel structures are used in a variety of construction projects across the region, the demand for passive fireproofing devices to protect these components will rise.

Robust adoption of fire-resistant walls’ floors:

APAC industry size from fire-resistant walls’ floors will exhibit a 5% CAGR through 2027 because these products can reduce the flame, toxic gases, and smoke during a fire. The walls can provide high security to buildings and people in a fire mishap. The flames can be extinguished easily, making it easier to bring the fire under control.

China passive fire proofing system market share will grow:

China industry revenue will exceed USD 3 billion by 2027 as the nation has one of the biggest industrial and construction sectors in the world. It has also enforced several stringent rules and regulations for fire safety, which is one of the major factors enhancing product adoption.

robot

Robotic Pickers, Stackers & Movers Are Shaking Up The Supply Chain

Recent studies indicate companies are moving toward eventually having more robots than flesh- and-blood employees. Google Cloud research shows two-thirds of manufacturers who use artificial intelligence in their day-to-day operations say that their reliance on AI is increasing, while a report from Price Waterhouse Coopers predicts that by the mid-2030s, up to 30% of jobs could be automated.

“Interestingly, like Industry 5.0, Supply Chain 5.0 also will have to
rely heavily on collaborative robots (cobots) and need to combine human creativity and ingenuity along with the productivity, speed, and consistency of robots to improve the customer experience,” writes Prabhat Khare, director of KK Consultants, in his recent report “The Great Reset & Future of Supply Chain Management.”

“The rise of Society 5.0 may also give that extra push needed by
Supply Chain 4.1 at this stage of transformation,” Khare continues.
“While this next generation of supply chain solution is still in the
making, deploying Industry 5.0 technology and amalgamating the
current learning of COVID-19 period with JITSCM 4.1 will certainly lead to development of a new way of handling future supply chains.”

Want to see these robots in action? Go to Pittsburgh, the home
of Seegrid, whose autonomous mobile robots (AMRs) are capable
of moving materials in warehouses and manufacturing sites completely autonomously. Equipped with stereo cameras and machine learning smarts, the AMRs are designed to “see just like humans do,” enabling them to navigate dynamic environments–lifting up to 10,000 pounds of goods.

Seegrid began taking customer orders in April for its newest
autonomous lift truck, Seegrid Palion Lift. Equipped with the
most advanced generation of the company’s proprietary autonomy
technology, Palion Lift is billed as the only lift truck in the market with industry-leading 3D perception.

Named to Fast Company’s prestigious list of the World’s Most
Innovative Companies for 2022—placing No. 4 globally in the robotics category—Seegrid has fast company in Pittsburgh’s robotics industry.

That’s where you will find IAM Robotics, the world’s first mobile
picking robot application, and Gather AI, the planet’s first software-only autonomous inventory management platform for modern warehouses.

Of course, supply chain robotics is not confined to the home of the
NFL’s Steelers. A 4 ½-hour drive from Pittsburgh, outside the only
Pennsylvania city that is larger, Philadelphia, is Malvern, the home of
Rajant Corp. The pioneer of Kinetic Mesh wireless networks, Rajant’s ES1-2450CS and ES1-5050CS can be integrated inside robots and automated machines.

“Obstructions, which typically hinder connectivity, such as shelving
and equipment, are a non-issue for Rajant,” boasts Geoff Smith, the
company’s vice president of Sales and Marketing.

integrate

5 Commercial Building Security Trends You Must Adopt

FBI statistics show that 60% of burglaries occur outside of working hours. This is when staff are typically less equipped to respond quickly, or even notice the incident.

By implementing modern cloud-based solutions in your commercial buildings, you can ensure your property managers and security staff can receive real-time data and monitor your building’s security while off-site. 

Keep reading for the top commercial building security trends and how to implement and integrate these technologies for maximum efficiency.

Converging Physical And Cyber Security

Physical and cyber security are no longer distinct concepts. The increased adoption of cloud-based security technologies makes protecting security systems from cyber interception essential.

Cloud-based access control and security technologies are becoming increasingly popular. They allow security staff, system administrators, and property managers to remotely operate security features using a mobile application or cloud-based control center. Since property managers and those responsible for building security have many other tasks to oversee, traveling to a location and manually opening doors for visitors and occupants can be frustrating and time-consuming. Using remote access control, property managers can lock and unlock doors in their building while on the go or performing other duties.

However, the convenience of a cloud-based security system does come with the drawback of being exposed to cyber threats. If an unauthorized party intercepts your system, they will be able to remotely operate your security system, which could lead to a security incident. To prevent this from happening, it’s ideal to combine physical and cyber security by using cybersecurity software to protect your security system. This will strengthen your security system and ensure there are no vulnerabilities.

Integrating Technologies

Physical access control is an excellent base for building integrations and ensuring a seamless and user-friendly security system. You might consider integrating the following tools with your access control system:

  • Video intercom systems – when integrated with access control, video intercom systems provide a more straightforward method for your security personnel to verify the identity of visitors and occupants before granting access.
  • Visitor management – visitor management software allows visitors to log their details into a registration form. Administrators will have more accurate visitor logs, and this technology can eliminate the need to assign a receptionist to your doors.

If you integrate these technologies on one platform, your property managers, system administrators, and security staff will have an easier time accessing security information. With all information available on one user-friendly interface, your team will be able to view real-time data and operate security installations with ease.

Automating Building Management Triggers

You can integrate physical access control with building management triggers to help you reduce your monthly overheads and provide a more eco-conscious building for your tenant. When a room is unoccupied, your system will turn off electricity, devices, and heating to ensure there is no energy waste in your building. When an individual enters a room in your building, the space will come to life, and the amenities will be switched on. This is a money and energy-saving technology solution for your commercial building.

Integrating Video Cameras With Access Control

One of the vulnerabilities of any access control system is the potential misappropriation of access credentials. By integrating your office security system with access control, you can remotely view access logs and video feeds on one interface, allowing you to verify the user’s identity quickly. Without integrating these technologies, your admin or security staff would have to correlate data from two different sources, which can be tricky and lengthy.

Touchless And Hygiene-Based Technology

Access control is just one example of a touchless technology that reduces the number of touchpoints your employees must come into contact with daily. By using touchless technologies in your retail store, you are prioritizing your customer and staff’s safety. 

In addition to using touchless technologies, you can use antimicrobial materials for the surfaces in your building. Using antimicrobial materials ensures that the handrails, door handles, and surfaces your tenants must touch daily are free from germs. 

Putting health and safety at the forefront will show your tenants that you care for their well-being and will help to create a positive impression of your business. Thus, you will be more likely to retain tenants.

Summary

When it comes to commercial building security, you need solutions that will help your property managers, security staff, and administrators to maximize their productivity. Tenants will be impressed with the convenience of a modern and sophisticated security system, and you will be more likely to retain tenants with an integrated and user-friendly system.

IoT Device Management to Record US$ 39.6 Bn by 2032; North America to be the Lucrative Region

With an estimated CAGR of 18.6% during the projected period, the IoT device management market share is expected to reach US$ 39.6 billion by 2032, finds a recent report published by FMI. The study finds that the rising demand for reflects the adoption of IoT device management.

The Internet of Things entails the transport, storage, management, and analysis of data created by edge devices. By providing analytics tools, cloud platforms assist in this endeavor. A cloud platform is a low-cost, easy-to-deploy system that does away with the need for on-premises data centers.

IoT device management creates data that is stored in the cloud and on cloud platforms. This enables organizations to make sense of IoT device management and, as a result, develop procedures around them. In addition, the rise of IoT device management has boosted the adoption of IoT device management across a variety of industrial verticals.

Cloud platforms enable enterprises to link traditional information systems to IoT device management in innovative ways. The cloud solutions of various organizations in the IoT node and gateway industry are being tailored to match the needs of their clients.

NXP Semiconductors N.V., for example, announced the EdgeLock 2GO IoT device management platform in February 2021, which is designed for zero-touch, secure deployment, and security management of IoT device management across their full lifespan. Companies have understood the value of cloud computing in offering IoT device management to their clients, fueling the IoT device management industry even more.

Data centers have become more important as a result of the massive amount of fresh data that is being produced and will need to be stored. For example, when users create new accounts, all of their personal and financial information, as well as usage statistics, must all be saved and encrypted.

The use of data centers will expand as a result of this. With such a significant increase in data consumption and traffic, connectivity between devices and data centers will need to be greatly upgraded, with each one requiring a data connection to operate and interact with other devices. As a result, IoT device management adoption is expected to rise in the future years.

Sales of IoT device management are expected to rise significantly. In addition to this, sales of IoT device management are rising on account of US$ 19.92 Bn by 2026. Increasing sales of IoT device management are also projected to contribute to the growth of the IoT device management market share.

Manufacturers in the IoT device management market get a big platform from which to serve the whole demand for IoT device management. The worldwide sales of IoT device management are seeing increased competition. With growing competition, new competitors are offering a variety of options at reasonable pricing, fulfilling the demand for IoT device management more accessible to customers.

Key Takeaways:

  • Software solutions are designed to solve interoperability issues caused by a wide range of heterogeneous devices, as well as to manage large amounts of data while maintaining security and privacy.
  • The most important software solutions in the field of IoT device management are data management solutions because large amounts of data generated by IoT device management make it difficult for technology providers to deal with.
  • IoT device management has several advantages, including quick device registration, simple IoT device classification, quick device locating, and remote device administration.
  • North America will lead the IoT device management industry in 2030.
  • The use of wireless sensors and networks across numerous end-use industries such as healthcare, retail, consumer electronics, industrial, automotive, and transportation is propelling the global IoT device management market forward.

Competitive Landscape

Intel Corporation (U.S.); Qualcomm Technologies (U.S.); Texas Instruments Incorporated (US); STMicroelectronics (Switzerland); IBM (U.S.), and others are major participants in the IoT device management industry.

  • Intel released new 3rd Generation Intel Xeon Scalable CPUs in April 2021, together with Intel’s Optane persistent memory and storage, Ethernet adapters, FPGAs, and optimized software solutions.
  • Texas Instruments introduced a new Ethernet physical layer (PHY) in October 2020 that can deliver 10-Mbps Ethernet signals up to 1.7 kilometers over a single pair of twisted wires.
  • Qualcomm and LTE signed a 5-year direct worldwide patent license deal in August 2019 that included 3G, 4G, and 5G single and multimode devices.

These insights are based on a report on IoT Device Management Market by Future Market Insights

assembly berth city

Apple starts iPad assembly in Vietnam

The press is full of stories of Apple diversifying its supply chain by moving some production from China to Vietnam.

Reports in the Nikkei Asia state that the Cupertino-based giant has shifted some iPad assembly into Vietnam, away from its production locations in Eastern China, especially around Shanghai. The short-term reason appears to be the impact that the lockdowns in Shanghai have had on both the Apple supply chain across China but also its outsourced assembly operations in the regions around China’s largest city. Nikkei’s sources state that Apple is pressing component manufacturers to increase buffer stocks in anticipation of continued disruption.

Apple has been considering reducing its reliance on China for several years. In 2020 it began planning to expand assembly operations in Vietnam, asking Foxconn to expand assembly operations in the country. The latest story seems to be the implementation of that policy. The long-term motivation in 2020 for the shift to Vietnam was political. Increasing tensions between the US and China implied that it was risky for Apple to be so reliant on China as they have been for twenty years or more. This issue has become even more complex as Apple has increased the proportion of components it purchases from Chinese ‘State-Owned Enterprises’, itself a reflection of the complex relationship that Apple has with the Chinese state and Chinese consumers.

Yet these issues are not restricted to Apple. Sony, Samsung and LG expanded production in Vietnam several years ago, building airfreight infrastructure in Hanoi to support their assembly of mobile phones. Sony has had a major presence in Thailand for several years and the electronics sector is beginning to grow in neighbouring countries such as Cambodia. The decision to move these Korean and Japanese electronics companies was also heavily influenced by political considerations.

Certainly, Vietnam is at the front of the queue for the relocation of electronics production. It also has a rapidly developing presence in furniture and clothing. However, if major brands are to move sourcing out of China there will be opportunities for many economies, not just in South East Asia but in many other regions. A key driver of such sourcing decisions will be the availability of logistics services.