According to the Telecommunications Industry Association (TIA), Wi-Fi and WiMAX infrastructure revenues for the U.S. market are forecast to reach $5.2 billion and $115 million by the end of 2005, respectively. The Wi-Fi market will continue to grow as the number of hotspots proliferates, and the emerging WiMAX equipment market would also add to market growth. TIA expects revenues from capital spending on Wi-Fi and WiMAX within the U.S. to reach an estimated $22.3 billion in 2005, rising to $29.3 billion by 2008, at a compound annual gain of 7.1 percent. Spending on Wi-Fi services in the U.S. reached $21 million in 2004 and the TIA expects spending to increase to $45 million in 2005, rising at 99.9 percent CAGR to $335 million by 2008. The number of U.S. Wi-Fi hotspots increased from 3,400 in 2002 to 21,500 in 2004. The TIA expects that the number of Wi-Fi hotspots to rise from 32,800 this year to 64,200 in 2008, rising at 31.5 percent CAGR.
Technology is a compelling catalyst for economic growth across the globe. Artificial intelligence (AI) rides a seismic wave of transformation in the Asia-Pacific (APAC) region — a market bolstered by bold government initiatives, swelling pools of capital, and vibrant tech ambition. The latest IDC analysis sheds light on this dynamic market. Despite a contraction in deal volumes through 2024, total AI venture funding surged to an impressive $15.4 billion — a signal of the region’s resilience and the maturation of its digital-native businesses (DNBs). Asia-Pacific AI Market Development The APAC AI sector’s funding story is not just about headline numbers but also about how and where investments are shifting. Even as the number of deals slowed, the aggregate value of investments climbed, reflecting a preference among investors for fewer but larger, high-potential bets on mature or highly scalable AI enterprises. The information technology sector led the AI investment charge. Top area...