Generative AI (GenAI) has captured the imagination of business leaders and IT decision-makers around the world, and many are seeking information and guidance as they begin their journey. Artificial Intelligence (AI) spending in Europe will reach $34.2 billion in 2023 -- that's 20.6 percent of the worldwide AI market, according to the latest global study by International Data Corporation (IDC). AI investment in Europe will post a 29.6 percent compound annual growth rate (CAGR) between 2022 and 2027, slightly higher than the worldwide CAGR of 26.9 percent for the same period, with spending expected to exceed $96.1 billion in 2027. Enterprise AI Market Development Enterprise AI solutions are becoming increasingly widespread, driven by operational efficiency and IT operational optimization needs, as well as to provide improved customer experiences. IDC identified augmented threat intelligence and prevention systems, together with augmented fraud analysis and investigation, as prevalent
The demand for high-performance connectivity is reaching new highs in the 5G wireless era. Annual data traffic from the top 30 countries is forecast to grow from almost 1,100 exabytes in 2022 to over 4,000 exabytes in 2027 -- with 5G making up ~60 percent of total data traffic in 2027. Based on the higher data throughput and lower latency required by 5G networks, backhaul or transport solutions must also adapt to meet the increased requirements needed by advanced cellular technology. While fiber-optic links remain a preferred choice for 5G network backhaul, microwave technology is still seen as a key component in many 5G networks due to its lower deployment costs and ability to be deployed in areas where fiber deployment is difficult. Wireless Backhaul Market Development Additionally, wireless backhaul deployments can also be used to complement fiber backhaul deployments by providing increased resiliency. According to the latest worldwide market study by ABI Research, the total number